Jamarcus was his collegiate chapter's delegate at a national conference of a professional business fraternity, Phi Chi Theta, in which he is a member. When the business meeting was conducted, parliamentary procedure was used, and Jamarcus was not familiar with this. Thus, he looked to the others to learn how he should behave in this situation. What type of influence does this reference group exhibit? procedural transient substantive informational legal

Answers

Answer 1

Answer:

informational

Explanation:

Informational influence is defined as a new concept or information that occurs within a group and leads to change in group member attitudes, behaviour, and belief.

In the given scenario parliamentary procedure was used in a business meeting and Jamarcus was not familiar with this.

He looked to other group members to learn how he should behave in this situation.

In this case the group is providing information of proper way of behaving during the meeting.


Related Questions

Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Oxford Wholesale Company: Activity Cost per Unit of Activity Driver Customer relations per month $95.00 per customer Selling 0.11 per sales dollar Accounting 5.00 per order Warehousing 0.50 per unit shipped Packing 0.25 per unit shipped Shipping 0.20 perpound shipped
The following information pertains to Oxford Wholesale Company’s activities in Massachusetts for the month of March 2014:_______.
Number of orders 240
Sales revenue $124,400
Cost of goods sold $ 68,940
Number of customers 30
Units shipped 4,700
Pounds shipped 70,500
Required:
Determine the profitability of sales in Massachusetts for March 2014.

Answers

Answer: $20,101

Explanation:

Profitability of sales = Sales revenue - Cost of goods sold - Activity costs

Activity costs = Customer relation cost + Selling costs + Accounting + Warehousing + Packing + Shipping

= (95 * 30) + (0.11 * 124,400) + (5 * 240) + (0.5 * 4,700) + (0.25 * 4,700) + (0.2 * 70,500)

= $‭35,359‬

Profitability of sales = 124,400 - 68,940 - 35,359

= $20,101

Help me ASAP. 50 Points.
How is social and domestic policy created and implemented? How involved should govemment be in solving various problems in our country? That is an enduring issue in the United States. For each of the examples, decide whether the hypothetical problem should be solved by (a) government, (b) government and the private sector acting together, or (c) the private sector (business and/or charity). Give your reasons for each. •A few ships have crashed near a harbor because it lacks a working lighthouse Americans' health is declining due to poor nutrition. Many high school graduates do not have the skills needed to be successful in the workforce . Sometimes, farmers or ranchers lose an entire crop or herd to bad weather. Such a loss can bankrupt a small farm. An alarming number of people have been injured while using chainsaws • Home prices fell sharply in some cities and many homeowners could not afford to pay their mortgages. • Fast-food workers complain that their pay-generally the federal minimum wage-is not enough to support their families • A business cannot market its products effectively because it does not have current information about the demographics of the community

Answers

Answer:

Explanation:

During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods

Answers

Answer:

$945,000

Explanation:

The computation of the amount transferred to the finished goods is shown below:

= Material + labor + overhead

= $470,000 + $190,000 + $190,000 × $300,000 ÷ $200,000

= $470,000 + $190,000 + $285,000

= $945,000

hence, the amount transferred is $945,000

Quirch Inc. manufactures machine parts for aircraft engines. The CEO, Chucky Valters, was considering an offer from a subcontractor that would provide 2,400 units of product PQ107 for Valters for a price of $150,000. If Quirch does not purchase these parts from the subcontractor it must produce them in-house with the following unit costs: Cost per Unit Direct materials $31 Direct labor 19 Variable overhead 8 In addition to the above costs, if Quirch produces part PQ107, it would have a retooling and design cost of $9,800. The relevant costs of producing 2,400 units of product PQ107 internally are:______.
a. $149,000.
b. $129.800.
c. $150,000.
d. $164,200.
e. $148.300.

Answers

Answer:

a. $149,000

Explanation:

Calculation to determine what The relevant costs of producing 2,400 units of product PQ107 internally are

Relevant Costs = (2,400 x $31) + (2,400 x $19) + (2,400 x $8) + $9,800

Relevant Costs=$74,400+$45,600+$19,200+$9,800

Relevant Costs= $149,000

ThereforeThe relevant costs of producing 2,400 units of product PQ107 internally are $149,000

uses a periodic inventory system. The company has a beginning inventory of 350 units at $6 each on January 1. Hentertainment purchases 600 units at $5 each in February and 250 units at $7 each in March. There were no additional purchases or sales during the remainder of the year. Hentertainment sells 400 units during the quarter. If Hentertainment uses the LIFO method, what is its cost of goods sold

Answers

quipllAmredneck

kvtvfb to k

Eva received $68,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $13,500 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,000. Based on these facts answer the following questions: Use Tax Rate Schedule for reference.
a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?
c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year?

Answers

I got answer b but you may wanna double check

Answer:

its b

Explanation:

i got it right on mine

Help soon!
A four-year college-level degree is called____.
(1). A bachelor's degree
(2). An associate's degree
(3). A career degree
A two-year college-level degree is called____.
(1). A bachelor's degree
(2). An associate's degree
(3). A career degree
_____ is a program that is usually no longer than one or two years, ending with a certificate, degree, or diploma in a specialized technical field.
(1). A career college
(2). A traditional collage
(3). An apprenticeship
______ is an on-the-job training experience in which the learner works at a job under the direction of an expert.
(1). A career college
(2). A traditional collage
(3). An apprenticeship

Answers

Answer:

A four-year college-level degree is called

       A.) ✔ a bachelor’s degree.

A two-year college-level degree is called

       B.) ✔ an associate degree.

_______is a program that is usually no longer than one or two years, ending with a certificate, degree, or diploma in a specialized technical field.

       B.) ✔ A career college.

_______is an on-the-job training experience in which the learner works at a job under the direction of an expert.

       C.) ✔ An apprenticeship

Explanation:

I hope this helps!!! :))

There are different kinds of program. The answers are below;

A four-year college-level degree is called a bachelor’s degree.

A two-year college-level degree is called an associate degree.

A career college is a program that is usually no longer than one or two years.

An apprenticeship is an on-the-job training experience in which the learner works at a job under the direction of an expert.

 What is an apprenticeship?

An apprenticeship is known to be a set up of

job training and classroom learning together  that tends to help one to a trade credential.

   

Learn more about apprenticeship from

https://brainly.com/question/25689052

On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated 7 year service life is expected to be $12,000. The company expects the equipment to operate for 12,500 hours. Required: a. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years’-digits assuming the equipment was purchased on January 1, 2021. b. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years’-digits assuming the equipment was purchased on March 31, 2021.

Answers

Answer:

Part a

2021  = $7,000

2022  = $6,000

Part b

2021  = $5,250

Explanation:

Sum of the year`s digit method provide for higher depreciation in early life of the asset with lower depreciation in later years.

Step 1

Some of digits calculation :

Year      Digits

2021        7

2022       6

2023       5

2024       4

2025       3

2026       2

2027        1

Total      28

Step 2

Determine the depreciable amount

Depreciable amount = Cost - Residual value

                                   = $40,000 - $12,000

                                   = $28,000

Step 3

Depreciation expense calculations

2021 = 7 / 28 x $28,000 = $7,000

2022 = 6/ 28 x $28,000 = $6,000

assuming the equipment was purchased on March 31, 2021

2021 = $7,000 x 9/12 = $5,250

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.

Production:

10,000 units started which is comprised of 7,000 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.

Manufacturing costs:
Materials $33,000
Labor $21,000
Overhead $36,000

Required:
Prepare a production cost report.

Answers

Answer:

Quick Furniture Company

The Sanding Department

Production Report

For the month of March 2017:

Production Cost Report:

                                          Materials     Conversion     Total

Manufacturing costs          $33,000     $57,000       $90,000

Cost per equivalent unit:

Manufacturing costs          $33,000     $57,000

Equivalent units                    10,000          7,600

Cost per equivalent unit      $3.30         $7.50

Cost assigned to:

Units transferred out          $23,100      $52,500         $75,600

Ending Work in Process      $9,900        $4,500             14,400

Total costs assigned         $33,000      $57,000         $90,000

Explanation:

a) Data and Calculations:

                                          Materials     Conversion

Units started       10,000

Units completed  7,000     7,000           7,000

Ending WIP          3,000     3,000              600

Equivalent units                10,000           7,600

Production Cost Report:

                                          Materials     Conversion     Total

Manufacturing costs          $33,000     $57,000        $90,000

Cost per equivalent unit:

Manufacturing costs          $33,000     $57,000

Equivalent units                    10,000          7,600

Cost per equivalent unit      $3.30         $7.50

Cost assigned to:

Units transferred out          $23,100      $52,500         $75,600

                                 ($3.30 * 7,000)    ($7.50 * 7,000)

Ending Work in Process      $9,900        $4,500             14,400

                                 ($3.30 * 3,000)    ($7.50 * 600)

Total costs assigned         $33,000     $57,000          $90,000

1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Answers

Answer:

1-a. Total Contribution margin is $210,000 and Net operating income is $28,000.

1-b. Degree of Operating Leverage = 7.50

2-a. The expected percentage increase in net operating income for next year is 150%.

2-b. Expected amount of Net Operating Income is $70,000.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed costs associated with the game total $182,000 per year, and variable costs are $6 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.

Required:

1-a. Prepare a contribution format income statement for the game last year.

1-b. Compute the degree of operating leverage.

2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption:

a. What is the expected percentage increase in net operating income for next year?

b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Explanation of the answer is now provided as follows:

1-a. Prepare a contribution format income statement for the game last year.

The contribution format income statement for the game last year can be prepared as follows:

Magic Realm, Inc.

Contribution Income Statement

For Last Year

Details                               Total ($)       Per Unit ($)  

Sales                                 300,000              20

Variable cost                    (90,000)              (6)

Contribution margin         210,000               14

Fixed expense                 (182,000)

Net operating income     28,000  

1-b. Compute the degree of operating leverage.

Degree of Operating Leverage = Contribution Margin / Operating Income = $210,000 / $28,000 = 7.50

2-a. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected percentage increase in net operating income for next year?

Since:

Degree of Operating Leverage = Percentage change in Operating Income / Percentage change in Sales

Substituting the relevant values, we have:

7.50 =  Percentage change in Operating Income / 20%

Percentage change in Operating Income = 7.5 * 20% = 150%

Therefore, the expected percentage increase in net operating income for next year is 150%.

2-b. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

This can be calculated as follows:

Change in Net Operating Income = 150% * $28,000 = $42,000

Expected amount of Net Operating Income = Current Net Operating Income + Change in Net Operating Income = $28,000 + $42,000 = $70,000

Journalize the following sales transactions for Straight Shot Archery using the periodic inventory system. E (Record debits first, then credits. Exclude explanations from journal entries.
Aug. 1 Sold $6,500 of equipment on account, credit terms are 1/10, n/30.
Aug. 8 Straight Shot received payment from the customer on the amount due from August 1, less the discount.
Aug. 15 Sold $3,100 of equipment on account, credit terms are n/45, FOB destination.
Aug. 15 Straight Shot paid $90 on freight out.
Aug. 20 Straight Shot negotiated a $500 allowance on the goods sold on August 15.
Aug. 24 Received payment from the customer on the amount due from August 15, less the allowance.

Answers

Answer:

Aug. 1

Debit :

Credit :

Aug. 8

Debit :

Credit :

Aug. 15

Debit :

Credit :

Aug. 15

Debit :

Credit :

Aug. 20

Debit :

Credit :

Aug. 24

Debit :

Credit :

Explanation:

Multiplication. Phyllis, who is 30 years old, works for We Add for You Accounting. Phyllis has worked there for a number of years and is considering quitting in order to spend more time with her three active triplets, Sunny, Fussy, and Perky. She asks her boss, Bolivar, about the pension plan at We Add for You. Her boss tells her that she is not entitled to that information until she is at least 60 years old. Phyllis also asks about retaining her medical insurance protection if she quits and is told that she would have no right to do so. Bolivar also throws in that he has been monitoring her conversations and that he particularly enjoys the conversations between her and her single female friends involving failed dating experiences. He asks her to keep those up. Phyllis tells him that her personal phone calls are none of his business. Bolivar says that he can listen if he wants because the phones are his. Phyllis ends up starting her own company called We Multiply for You, and makes much, much more money. (In answering the following questions, assume all federal laws apply and that any pension and medical plan qualifies for regulation under federal law.) Which of the following addresses the retention of medical benefits upon leaving a job?

a. The Medical Benefits Retention Act (MBRA)
b. The Comprehensive Medical Benefits Retention Act (CMBRA)
c. The Consolidated Omnibus Budget Reconciliation Act (COBRA)
d. The Health and Maintenance Act (HMA)
e. The Americans with Disabilities Act (ADA)

Answers

Answer:

c. The Consolidated Omnibus Budget Reconciliation Act (COBRA)

Explanation:

The act was created and implemented in  the year 1985 and that was passed by Congress. In this act it create and retains the medical benefits after leaving the job.

So according to the question the act that should be retained medical benefits upon leaving the job is COBRA

Hence, the correct option is c.  

Assume a small nation has the following statistics: its consumption expenditure is $15 million, investment is $2 million, government expenditure on goods and services is $1 million, exports of goods and services to foreigners is $1 million, and imports of goods and services from foreigners is $1.5 million. Calculate this nation's GDP

Answers

Answer:

GDP= $17,500,000

Explanation:

Giving the following information:

(C) Consumption expenditure is $15 million

(I) Investment is $2 million

(G) Government expenditure on goods and services is $1 million

(X) Exports of goods and services to foreigners is $1 million

(N) Imports of goods and services from foreigners is $1.5 million

To calculate the GDP, we need to use the following formula:

GDP= C + I + G + (X - N)

GDP= 15 + 2 + 1 + 1 - 1.5

GDP= $17,500,000

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Blue Spruce Corp. at December 31, 2017.
Common Stock ($2 stated value) $3,120,000
Paid-in Capital in Excess of Par Value—Preferred Stock 87,750
Paid-in Capital in Excess of Stated Value—Common Stock 2,047,500
Preferred Stock (6%, $100 par, noncumulative) 1,170,000
Retained Earnings 2,601,300
Treasury Stock (23,400 common shares) 140,400
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.

Answers

Answer:

Stockholders’ equity section of the balance sheet at December 31, 2017.

Common Stock :

Common Stock ($2 stated value)                                            $3,120,000

Paid-in Capital in Excess of Stated Value                              $2,047,500

Preferred Stock :

Preferred Stock (6%, $100 par, noncumulative)                     $1,170,000

Paid-in Capital in Excess of Par Value—Preferred Stock          $87,750

Treasury Stock :

Treasury Stock (23,400 common shares)                                $140,400

Retained Earnings                                                                  $2,601,300

Total                                                                                        $9,166,950

Explanation:

The Stockholders’ equity section of the balance sheet at December 31, 2017 has been prepared above for Blue Spruce Corp.

You work for a large electronics distributor. Your job is to provide training and to be a troubleshooter and consultant for users of the company's local area network. In the past, your job has required you to spend a lot of time travelling from building to building to assist users. Now, however, you have a utility program called LANSCAPE that lets you monitor the activities of any user who is logged in. You can see exactly what is being displayed on the user's screen, and can even take over the session if you need to. Your boss tells you, in confidence, that she suspects one or more employees of dealing with illegal drugs on company premises. She has no proof but suspects that they are using the phone and maybe even the computer to make deals. She asks you to monitor the employees and to provide her with a log of all the computer activities of the suspected employees.
1. What are the ethical considerations involved?
2. What are the legal considerations with what you are being asked to do?
3. Your boss asks you to install LANSCAPE on the workstation in her office so she can randomly check on the suspects and gather evidence. What are the ethical considerations involved?
4. What are the legal considerations with installing the software on your boss’s computer?

Answers

Answer:

1. It is not ethical to monitor personal activities of the employees but if something illegal is happening it needs to be uncovered.

2. It is against the law to evade someone's privacy, if one of the employee comes to know about this monitoring the employee can sue the Company.

3. It is not ethical to monitor someone's phone and workstation and she might be willing to check on every employee and not just those suspected, installing LANDSCAPE on her workstation can be a serious breach of confidentiality.

4. It could also be illegal to install such a software which can evade someone's confidentiality, and the company and individuals involved in installing the software can face legal issues.

Explanation:

1. It is not ethical to monitor personal activities of the employees but if something illegal is happening it needs to be uncovered.

2. It is against the law to evade someone's privacy, if one of the employee comes to know about this monitoring the employee can sue the Company.

3. It is not ethical to monitor someone's phone and workstation and she might be willing to check on every employee and not just those suspected, installing LANDSCAPE on her workstation can be a serious breach of confidentiality.

4. It could also be illegal to install such a software which can evade someone's confidentiality, and the company and individuals involved in installing the software can face legal issues.

g Units: Beginning Inventory: 85,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 260,000. Units completed and transferred out: 345,000. Ending Inventory: 32,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials. Group of answer choices 227,500 349,875 298,500 332,875 358,000

Answers

Answer: 358,000 units

Explanation:

Assuming this is the weighted average method.

Equivalent units = Units completed and transferred out + Ending inventory Equivalent units.

Ending inventory Equivalent units = Ending inventory * %complete for materials

= 32,500 * 40%

= 13,000 units

Equivalent units = 345,000 + 13,000

= 358,000 units

Difference between free market and capitalism.​

Answers

They both are involved in determining the price and production of goods and services. On one hand, capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth, or goods and services.

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 140 shares of its common stock on May 1 for $7,000. On July 1, it reissued 70 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2

Answers

Answer: $70

Explanation:

First, we need to calculate the purchase price per share and this will be:

= Purchase amount / Number of shares bought

= $7000 / 140

= $50 per share

Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:

= [70 × ($52 - $50)] + [70 × ($49 - $50)]

= (70 × $2) + ($70 × $-1)

= $140 - $70

= $70

ENETEAU CORPORATION
Comparative Balance Sheet
2020 2019
Assets
Cash $37,000 $31,000
Accounts receivable (net) 80,000 60,000
Prepaid insurance 22,000 17,000
Land 18,000 40,000
Equipment 70,000 60,000
Accumulated depreciation (20,000) (13,000)
Total assets $207,000 $195,000
Liabilities and Stockholder's Equity
Accounts payable $12,000 $6,000
Bonds payable 27,000 19,000
Common stock 140,000 115,000
Retained earnings 28,000 55,000
Total liabilities and stockholder's equity $207,000 $195,000
Additional information:
1. Net loss for 2020 is $12,000. Net sales for 2020 are $250,000.
2. Land was sold for cash at a loss of $2,000. This was the only land transaction during the year.
3. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash.
4. The company issued and retired bonds in the current year. Retirement of bonds was $12,000.
5. Equipment was purchased for $22,000.
6. Stock was issued for $25,000
Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method.

Answers

Answer:

See below

Explanation:

Statement of cash flows for the year ended December 31, 2020 using the indirect method.

Cash flow from operating activities:

Net loss = $12,000

Adjustment to reconcile net loss with cash flows from operating activities:

Depreciation = ($20,000 + $10,000 - $13,000) = $7,000

Loss on sale of land = $2,000

Increase in accounts receivable = ($20,000)

Increase in prepaid expense = ($5,000)

Increase in accounts payable = $6,000

Net cash used in operating activities = ($12,000)

Cash flow from investing activities

Sale of land = ($40,000 - $18,000 - $2,000) = $20,000

Sale of equipment = $5,000

Net cash generated by investing activities = $25,000

Cash flow from financing activities

Retirement of bond = ($12,000)

Proceeds from issuance of bonds = $20,000

Net cash used by financing activities = $8,000

Net increase in cash = $6,000

Add: beginning cash balance = $31,000

Ending cash balance = $37,000

Workings

• Calculation of depreciation

The accumulated depreciation at the end of the year 2020 = ($20,000)

Hence;

Accumulated depreciation at the end of the year 2020 = ($13,000)

Increase in accumulated depreciation during 2020 = $20,000 - $13,000 = $7,000

Add: accumulated depreciation on equipment sold during 2017 = $10,000

Total depreciation expense for 2020 = $7,000 + $10,000 = $17,000

• Calculation of proceeds from sale of land:

Cost of land = $40,000 - $18,000 = $22,000

Loss on sale of land = $2,000

Therefore,

Proceeds from sale of land = cost of land sold - loss on sale of land

= $22,000 - $2,000

= $20,000

• Calculation of issuance of bonds payable during 2020

The bonds payable at the end of year 2019 = $19,000

Hence,

Bonds payable at the end of year 2020 = $27,000

Retirement of bonds during year 2020 = $12,000

Therefore,

Bonds issued during 2020 = $27,000 + $12,000 - $19,000 = $20,000

Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 10,000 Purchases 45,000 Avail. for use 55,000 DM used 46,500 End. Inv. 8,500 Work in Process Inventory Begin. Inv. 14,000 DM used 46,500 Direct labor 27,500 Overhead 55,000 Manuf. costs 143,000 Cost of goods manuf. 131,000 End. Inv. 12,000 Finished Goods Inventory Begin. Inv. 16,000 Cost of goods manuf. 131,000 Avail. for sale 147,000 Cost of Goods Sold 129,000 End. Inv. 18,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

Answers

ngl I have no idea lol

Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4% per year. The risk-free rate is 4%, and the expected return on the market portfolio is 12%. The stock has a beta of 0.75. What is the intrinsic value of the stock

Answers

Answer:

$66.67

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

required return = 4% + 0.75 ( 12% - 4%) 10%

4/ 0.1 - 0.04 = $66.67

Princeton Avionics makes aircraft instrumentation. Its basic navigation radio requires $60 in variable costs and $4,000 per month in fixed costs. Princeton sells 20 radios per month. If the company further processes the radio, to enhance its functionality, it will require an additional $40 per unit of variable costs, plus an increase in fixed costs of $500 per month. The current sales price of the radio is $280. The CEO wishes to improve operating income by $1,200 per month by selling the enhanced version of the radio. In order to meet this target, the sales price to be charged for the enhanced product is

Answers

Answer:

Sales price =$405

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .  

                                                                                   $

Sales revenue after the split-off point                       y

Sales revenue at the split-off point (280×20)          (5,600)  

Further processing cost (40× 20)+ 500                    (1,300)    

Net advantage from further processing                    1,200

y-5600-1300=1200

y= 8,100

Sales price=  Sales revenue after the split-off point/Number of units

Sales price = 8,100/20 =$405  

Sales price =$405

Apple Inc. just paid a dividend of $3 per share. You expect that Apple's dividend will increase at the rate of 10% per year for the next 10 years. After that, you expect that Apple Inc. will increase its dividend at the rate of 3% per year forever. The required rate of return for Apple is 20%. What is the price of Apple just after the current dividend was paid?

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Answer:

The price of Apple just after the current dividend was paid is $26.79.

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 10 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $3

Total of dividends from year 1 to year 10 = $19.17617169980840

Year 10 dividend = $7.781227380

Therefore, we have:

Year 11 dividend = Year 10 dividend * (100% + Perpetual dividend growth rate) = $7.781227380 * (100% + 3%) = $8.0146642014

Price at year 10 = Year 11 dividend / (Rate of return - Perpetual dividend growth rate) = $8.0146642014 / (20% - 3%) = $47.1450835376471

PV of price at year 10 = Price at year 10 / (100% + Required return)^Number of years = $47.1450835376471 / (100% + 20%)^10 = $7.61419419713817

Price of Apple = Total of dividends from year 1 to year 8 + PV of price at year 10 = $19.17617169980840 + $7.61419419713817 = $26.79

Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $30,000 from County Bank and paid interest of $1,800. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for higher education expenses and interest on higher-education loans under the following circumstances:

Answers

Answer:

Deductible interest expense of $1440 and deductible education expense of $4000.

Explanation:

There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.  

42-43. For the following independent situation for an individual taxpayer. Item Use (Personal or Business) Business Basis $25,000 FMV before the casualty $17,000 FMV after the casualty None Adjusted gross income (before any allowable casualty loss) $50,000 Insurance proceeds $10,000 42. The starting point for the calculation of the loss deduction is:

Answers

Answer:

$17,000

Explanation:

Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.

You are planning to buy a house in eight years. Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 5%? *.677

A)$6,770

B) $6,590

C) $7,470

D) $9,400

E) $10,000

Answers

Answer:

the answer is B

Explanation:

Hosung Company's Cash account shows a balance of $801.65 as of August 31 of this year. The balance on the bank statement on that date is $1,383.00. Checks for $260.50, $425.10, and $331.00 are outstanding. The bank statement shows a check issued by another depositor for $237.25 (in other words, the bank made an error and charged Hosung Company for a check written by another company). The bank statement also shows an NSF check for $180 received from one of Hosung's customers. Service charges for the month were $18. What is the adjusted ledger balance of cash as of August 31

Answers

Answer:

$603.65

Explanation:

The correct and accurate cash balance need to be calculated. This is done by preparing a Bank Reconciliation Statement.

Bank Reconciliation Statement.

Balance as per Bank Statement                                                $1,383.00

Add Outstanding Lodgments                                                          $0  

Less Unpresented Checks ($260.50 + $425.10 + $331.00)   ($1,016,60)

Add Error on Bank Statement                                                     $237.25

Balance as per Cash Book                                                          $603.65

therefore,

the adjusted ledger balance of cash as of August 31 is $603.65

David is trying to decide if it makes sense to outsource the purchasing function. He has a chain of 12 restaurants and employs two buyers at an annual fixed cost of $85,000. David estimates that the variable cost of each purchase order placed is $15. An outsourced company will perform the purchasing function for a fixed annual fee of $100,000 plus $5 for each purchase order placed. Last year, David placed 1400 purchase orders.

Required:
a. What was the in-house purchasing cost last year?
b. What would the cost be if outsourced?
c. If David estimates it will place 1600 purchase orders next year, should he outsourced?

Answers

Answer and Explanation:

The computation is shown below;

a) The In-house purchasing cost last year is

= Fixed costs + Variable costs

 =$85,000 + Total number of purchase orders × cost per order

 = $85,000 + 1400 × 15

= $106,000

b)

The outsourcing cost is

Outsourcing cost = Fixed costs +Variable costs

 = $100,000 + Total number of purchase orders × cost per order

= $100,000 + 1400 × 5

 = $107,000

c) Total number of purchase orders = 1600

In-house purchasing cost = 85,000 + 1600 × $15 = $109000

Outsourcing cost = $100,000 + 1600 × $5 = $108000

Yes, David should outsource as the outsourcing cost is less than the in-house purchasing cost.

If The Wall Street Journal lists a stock's dividend as $1, then it is most likely the case that the stock: Multiple Choice pays $1 per share per quarter. paid $.25 per share per quarter for the past year. paid $1 during the past quarter, with no future dividends forecast. is expected to pay a dividend of $1 per share at the end of next year.

Answers

Answer:

paid $.25 per share per quarter for the past year

Explanation:

A stock is ownership rights purchased by investors in a public company. Holders of stock are called stockholders and they are regarded as owners of the company.

Stockholders are paid dividends. Dividends are a proportion of a company's profits paid to shareholders.

If the stock's dividend is $1, it means it either paid $1 the past year or paid $.25 per share per quarter for the past year

Data on the level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) for each of 992 senior managers at CPA firms are saved in CORSUS.txt
a) Construct a histogram for the data and use it to evaluate the validity of the normality assumption.
b) Obtain the mean and standard deviation for the data and use these statistics to evaluate the validity of the normality assumption.
c) Obtain the interquartile rage for the data and use these statistics to evaluate the validity of the normality assumption

Answers

Answer:

A) attached below

B) mean value = 67.755,  std = 26.871

C) IQR( interquartile range ) = 37

Explanation:

A) Construct a histogram for the data and use it to evaluate the validity of normality assumption

Using Minitab to construct the Histogram from the shape of the Histogram we can see that the Normality assumption is valid because the shape is fairly symmetric

screenshot of Histogram is attached below

B) Obtain the mean and standard deviation for the data and use these statistics to evaluate the validity of the normality assumption.

still using Minitab to determine the std and mean values

mean value = 67.755,  std = 26.871

Next : find the percentage of the observation that lie within 1,2 and 3 std from the mean

For one(1) std from the mean the interval = ( 40.884, 94.626 )

percentage of observation = 665 / 992 = 67.04

For two(2) std from the mean; The interval = ( 14.013 , 121.497 )

percentage of observation = 946 / 992 = 95.36%

For three(3) std from the mean ; The interval = ( -12.858, 148.368 )

percentage of observations = 991 / 992 = 99.90%

The percentages from the above calculations indicates the validity of the normality assumption

C) Obtain the interquartile rage for the data and use these statistics to evaluate the validity of the normality assumption

using MINITAB

since the data are assumed Normal; Ratio = [tex]\frac{IQR}{S} = 1.3[/tex]

std (s) = 26.871,   IQR( interquartile range ) = 37

Next check if     IQR / S will be = 1.3

= 37 / 26.871 = 1.377 ( This validates the normality assumption )

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