Answer:
A) $12 million
Explanation:
The computation of the working capital for the year 2005 is as follows:
As we know that
Working capital is
= Current assets - current liabilities
= $144 million - $132 million
= $12 million
Hence, the working capital for the year 2005 is $12 million
So the correct option is A
The same is to be considered
What is the main reason consumers choose to spend money on insurance?
A. To increase the value of capital they invest in insurance
B. To reduce the cost of taxes they pay to the federal government
C. To protect themselves from costly expenses in the future
D. To lower the cost of the consumer goods they buy regularly
Answer:
C. To protect themselves from costly expenses in the future
Explanation:
Insurance can be regarded as one of form of risk management, it can be explained as a way of protection from financial loss which could occur in future time, Insurance is taken so that risk of a contingent or uncertain loss can be cater for in the future, Those that provides insurance is known as an insurer which could be an insurance company.It should be noted that one of the main reason consumers choose to spend money on insurance is To protect themselves from costly expenses in the future
There are different types of Insurance which are are;
Life Insurance
✓Property Insurance,
✓Marine Insurance,
✓Fire Insurance,
✓ Liability Insurance,
✓Guarantee Insurance.
Answer: To protect themselves from costly expenses in the future
Explanation: Just did it on A pex
Select the correct answer
What does the term constructed wetlands normally refer to
A natural wetlands that are used for wastewater disposal and treatment
B. wetlandis created for the purpose of environmental research
Cartificially created wetlands that simulate natural wetlands
D. wetlands used for constructing buildings
Reset
Net
You are purchasing a home for $220,000. The down payment is 30% and the balance will be financed with a 20-year mortgage at 9% and 2 discount points. You put down a deposit of $5,000 (applied to the down payment) when the sales contract was signed. You also have these expenses: credit report, $70; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $225; and attorney's fees, $600. Find your amount due at the closing.
Based on the various payments on the home, the amount due at closing is $66,625.
What is the amount due on closing?$5,000 has already been taken from the down payment which leaves:
= 30% x 220,000 - 5,000
= $61,000
Loan amount is:
= (1 - 30%) x 220,000
= $154,000
Closing amount is:
= 61,000 + 70 + 110 + (1% x $154,000) + 225 + 600 + (2% discount points x 154,000)
= $66,625
Find out more on closing costs at https://brainly.com/question/26133271.
Crystal Products allows customers to use bank credit cards to charge purchases. The bank used by Crystal Products processes all bank credit cards in exchange for a 3% processing fee. All credit card receipts deposited are credited to the company account on the day of deposit. Assume that on January 18, Crystal Products sold and deposited $19,000 worth of bank credit card receipts. Prepare the general journal entry to record this transaction.
Answer:
January 18, 202x, merchandise sold using credit cards
Dr Cash 18,430
Dr Credit card fees 570
Cr Sales revenue 19,000
When credit card sales are deposited immediately (e.g. VISA, MasterCard) they are considered cash sales. When the credit card companies delays the deposit, they are considered accounts receivable, e.g. American Express.
Sheffield Company originally issued 5400 shares of $10 par value common stock for $162000 ($30 per share). Sheffield subsequently purchases 530 shares of treasury stock for $26 per share and resells the 530 shares of treasury stock for $31 per share. In the entry to record the sale of the treasury stock, there will be a:______.
a. credit to Paid-In Capital from Treasury Stock for $2650.
b. credit to Common Stock for $13780.
c. credit to Treasury Stock for $5300.
d. debit to Paid-In Capital in Excess of Par of $15900.
Answer:
a. credit to Paid-In Capital from Treasury Stock for $2650.
Explanation:
the complete journal entries required to record the 3 operations:
Dr Cash 162,000
Cr Common stock 54,000
Cr Additional paid in capital 108,000
Dr Treasury stock 13,780
Cr Cash 13,780
Dr Cash 16,430
Cr Treasury stock 13,780
Cr Additional paid in capital 2,650
Bonita Industries bought a machine on January 1, 2008 for $809000. The machine had an expected life of 20 years and was expected to have a salvage value of $79000. On July 1, 2018, the company reviewed the potential of the machine and determined that its future net cash flows totaled $402000 and its fair value was $314000. If the company does not plan to dispose of it, what should Bonita record as an impairment loss on July 1, 2018
Answer:
$75,250
Explanation:
we must first determine the book value on June 30, 2018. Straight line depreciation expense per year = ($809,000 - $79,000) / 20 = $36,500
book value on June 30, 2018 = $809,000 - ($36,500 x 11.5 years) = $389,250
impairment loss = book value - fair market value = $389,250 - $314,000 = $75,250
A- graph A only
B graph B only
C graph c only
D graph B and C
Answer:
the answer is believe ably c
The following note transactions occurred during the year for Towell Company: Nov. 25 Towell issued a 90-day, 10% note payable for $80,000 to Hyatt Company for merchandise. Dec. 7 Towell signed a 120-day, 9% note at the bank for $120,000. Dec. 22 Towell gave Barr, Inc., a 60-day, 9%, $120,000 note for payment of account. Prepare the general journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar.
Answer:
Towell Company
Journal Entries:
Debit Interest Expense $1,790
Credit Interest Payable $1,790
To record the interest expense for the year.
Explanation:
a) Data and Calculations:
i) Nov. 25: Issue of 90-day, 10% Note Payable = $80,000
Interest on the note for the year = $80,000 * 10% * 36/360 = $800
ii) Dec. 7: Issue of 120-day, 9% Note Payable = $120,000
Interest on the note for the year = $120,000 * 9% * 24/360 = $720
iii) Dec. 22: Issue of 60-day, 9% Note Payable = $120,000
Interest on the note for the year = $120,000 * 9% * 9/360 = $270
Total interest payable for the year = $1,790
who want to do 1v1 lol with me
Answer:
nnm,v xcmnm,bkljmbihutjhuF
Explanation:
Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that Question 22 options: Japan will export computers in exchange for beer. Germany will export computers in exchange for beer. Germany is too small to be of economic interest to Japan. Computers and beer don't mix, so trade cannot increase either country's well-being.
Answer:
If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that
Germany will export computers in exchange for beer.
Explanation:
The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade. The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources. According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources. For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.
Watunga County Bank agrees to lend Vaughn Granite Company $599000 on January 1. Vaughn Granite Company signs a $599000, 8%, 9-month note. The entry made by Vaughn Granite on January 1 to record the proceeds and issuance of the note is
Cash 599000
Interest Expense 35940
Notes Payable 599000
Interest Payable 35940
Interest Expense 35940
Cash 563060
Notes Payable 599000
Cash 599000
Notes Payable 599000
Cash 599000
Interest Expense 35940
Notes Payable 634940
What is the adjusting entry requited if Hoffman Granite Company prepares financial statements on June 30th?
Answer:
DR Cash $599,000
CR Notes Payable $599,000
Explanation:
As this is the entry for the issuance of the note, interest will not be recorded as it is incurred as during the loan period.
Entry will be;
Date Details Debit Credit
Jan 1 Cash 599,000
Notes Payable 599,000
Most careers combine more than one value.
O A. True
B. False
B. false
You're welcome <3
Answer:
A. True
Explanation:
A lot of careers do combines more than one value or a ultimate goal they value a lot of things. Like my mom she works for UPF- Uranium Processing Facility they have more then one value.
Scenario:
Suppose that in the competitive market for auto repair, firms prefer to hire men rather than women Assume that the women applying for positions have the same skills, experience, and work ethic as the men. As a result of this discrimination, the demand for women is lower than it otherwise would be.
Refer to Scenario above. If the firms in this market are profit maximizers and customers do not care if a woman or a man works on their car, what will likely happen?
Answer:
If the firms want to maximize profit and they are price takers, they will eventually start hiring more women. Since the demand for female workers is lower, the price of their labor should also be lower. That means that if a firm wants to maximize its profits, it will need to decrease its costs. A way to decrease a company's costs is to hire cheaper labor.
Isa is head of housekeeping services at the Ashworth Hotel, a luxury hotel and resort. Last week, she received 29 customer complaints. A total of 428 guests had stayed in the hotel that week. Given this information, find out the errors per million opportunities. a. 400 errors per million opportunities b. 23,456 errors per million opportunities c. 67,757 errors per million opportunities d. 14,758,620 errors per million opportunities
Answer:
c. 67,757 errors per million opportunities
Explanation:
The computation of the errors per million opportunities is shown below:
= Customer complaints last week ÷ total guest stayed in that week × 1,000,000
= 29 customers ÷ 428 guests × 1,000,000
= 67,757 errors per million opportunities
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Brad's Diner is expanding and expects operating cash flows of $32,000 a year for 4 years as a result. This expansion requires $39,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $3,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 12 percent
Answer: $57,101.73
Explanation:
First find the present value of the cash inflows. The $32,000 is a constant payment so is an annuity. The net working capital will be realized at the end of the project as well.
Present value of cash inflows = (32,000 * Present value interest factor of an annuity, 4 years, 12%) + 3,000/ (1 + 12%)⁴
= (32,000 * 3.0373) + 1,906.55
= $99,101.73
NPV = Present value of inflows - Outflows
= 99,100.15 - (39,000 + 3,000)
= $57,101.73
Even though the moving averages help highlight the long-run trend of a time series, the moving-average model is not designed for making forecasts in the presence of trends. Explain the reason why we should not rely on moving averages for predicting future observations of a trending series.
Answer:
Moving averages cannot be used to make future forecasts successfully because certain events like demand, supply ,quality and external factors such as competitions cannot be determined with the use of Moving averages, and these factors have a huge impact on prices
Explanation:
Moving averages are generated / obtained using data from events that occurred previously hence they highlight the long-run trend of a time series, but they cannot be used to make future forecasts successfully because certain events like demand, supply ,quality and external factors such as competitions cannot be determined with the use of Moving averages. and these factors have a huge impact on prices
The Bildge Trust is a simple trust. Crawford is its sole beneficiary. In the current year, the trust earns $11,025 in taxable interest and $27,563 in tax-exempt interest. In addition, the trust recognizes a $1,575 long-term capital gain. The trustee charges a fee of $6,891 for the year.
a. Compute trust accounting income, where the trust agreement allocates fees andcapital gains to corpus.
b. Same as (a), except that fees are allocated to income.
Answer:
b
Explanation:
When screening prospective new ventures, venture capital firms must consider the nature of the proposed industry Which of the following is not part of the screening of the proposed industry?
a. market attractiveness
b. managerial references
c. potential size
d. technology
e. threat resistance
Answer:
B
Explanation:
Venture capital firms are firms that invest in start up firms.
Venture capital firms use large amount of capital to fund their operations and so must be assured of the market attractiveness of the firm before undertaking the project to ensure profitability.
Potential size of the new venture has to be determined so as to ascertain the financial resources that would be needed.
Threat of resistance can reduce profitability and should also be considered.
Your healthy 63-year-old neighbor is about to retire and comes to you for advice. From talking with her, you find out she was planning on taking all the money out of her company’s retirement plan and investing it in bond mutual funds and money market funds. What advice should you give her? Reilly, Frank K.; Brown, Keith C.. Investment Analysis and Portfolio Management (Text Only) (p. 56). Cengage Textbook. Kindle Edition.
Answer:
Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.
The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.
Justin Company's budget includes the following credit sales for the current year: September, $27,000; October, $38,000; November, $32,000; December, $34,000. Credit sales are collected as follows: 10% in the month of sale, 65% in the first month after sale, 23% in the second month after sale, and 2% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales
Answer:
Total Cash to collect in November is $34,110.
Explanation:
To determine how much cash can Justin expect to collect in November, we prepare a Trade Receivables Budget.
Trade Receivables Budget
September October November
Balance b/d $0 $24,300 $40,950
Credit Sales $27,000 $38,000 $32,000
Cash Received - 10% ($2,700) ($3,800) ($3,200)
Cash Received - 65% $0 ($17,550) ($24,700)
Cash Received - 23% $0 $0 ($6,210)
Balance c/d $24,300 $40,950 $38,840
Therefore,
Total Cash to collect in November is $34,110 ($3,200 + $24,700 + $6,210).
During March 2019, Alaska Corporation recorded $266,000 of costs related to factory overhead. Alaska's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked. During March, 12,500 hours were actually worked. Use this information to determine the amount of overhead over or under applied. Enter overapplied overhead as a negative number. (round
Answer:
Underapplied overhead= $16,000
Explanation:
Because the estimated and real direct labor hours are the same, the estimated overhead equals the allocated overhead.
Allocated overhead= $250,000
Actual overhead costs= $266,000
To calculate the over/under allocation, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 266,000 - 250,000
Underapplied overhead= $16,000
Cypgef 252 Corporation has two products, Beautiful and Gorgeous. In the last period, the Cypgef252 Corporation's net operating income was $20,500, and the common fixed expenses were $45,000. (ID#56034) The contribution margin ratio for Product Beautiful was 40%, its sales were $130,000, and its segment margin was $37,000. Q: If the contribution margin for Product Gorgeous was $35,000, what was the segment margin for Product Gorgeous?
A. $28,500
B. $37,000
C. $8,000
D. $65,500
Answer:
segment margin Gorgeous= $28,500
Explanation:
Giving the following information:
Beatiful:
Segment margin= $37,000
Net income= $20,500
Common fixed costs= $45,000
To calculate the segment margin of Gorgeous, we need to use the following formula:
Net income= segment margin Beatiful + segment margin Gorgeous - common fixed costs
20,500= 37,000 + segment margin Gorgeous - 45,000
segment margin Gorgeous= $28,500
if you cause damage to your apartment, your landlord can
Answer:
...send you out for vandalizing the property?? i dunno lol
Explanation:
Answer:
you could get evicted
Explanation:
You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account and $420 per month in a bond account. The return of the stock account is expected to be 10.2 percent, and the bond account will pay 6.2 percent. When you retire, you will combine your money into an account with a return of 7.2 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period
Answer:
$10,460
Explanation:
You will contribute 25 x 12 = 300 monthly payments to your savings accounts. In order to determine their future value, we must first determine the effective interest rates:
stock account = 1.102 = (1 + r)¹²
¹²√1.102 = ¹²√(1 + r)¹²1.008127 = 1 + rr = 0.008127 = 0.81% monthly ratebond account = 1.102 = (1 + r)¹²
¹²√1.062 = ¹²√(1 + r)¹²1.0050 = 1 + rr = 0.005 = 0.5% monthly rateIn 25 years, you will have:
stock account = $820 x 1,265.21433 (PV annuity factor, 0.81%, 300 periods) = $1,037,475.75bond account = $420 x 692.99396 (PV annuity factor, 0.5%, 300 periods) = $291,057.46total = $1,328,533.21using the payout annuity formula:
P₀ = [d (1 - (1 + r/x)⁻ⁿˣ)] / (r/x)
P₀ = $1,328,533.21d = monthly withdrawal = ? r = annual interest rate = 0.072 x = number of compounding periods = 12n = number of years = 20$1,328,533.21 = [d (1 - (1 + 0.072/12)⁻²⁴⁰)] / (0.072/12)
$7,971.20 = d (1 - 0.23795)
$7,971.20 = d (0.762)
d = $7,971.20 / 0.762 = $10,460
Firm C’s demand for a product is 60 units per month. Its supplier charges an ordering cost of $40 per order and $35 per unit with a 20% discount for orders of 100 units or more. Firm C incurs a 20% annual holding cost. Calculate the economic order quantity without the discount. Then calculate the economic order quantity with the discounted price. What will be the change in Firm C’s annual total cost (purchasing, holding, and ordering) if it decides to take advantage of the quantity discount?
Answer:
$5,107.04
Explanation:
The computation of the change in the annual total cost is shown below;
Without a discount, the annual total cost is
The computation of the economic order quantity is shown below:
[tex]= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]
[tex]= \sqrt{\frac{2\times \text{720}\times \text{\$40}}{\text{\$7}}}[/tex]
= 91 units
The annual demand is
= 60 × 12 months
= 720
And, the carrying cost is
= $35 × 20%
= $7
Now The computation of the total cost is shown below:
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit
= 720 × $35
= $25,200
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (720 ÷ 91) × $40
= $316.48
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (91 ÷ 2) × 7
= $318.50
Now put these values to the above formula
So, the value would equal to
= $25,200 + $316.48 + $318.50
= $25,834.98
Now if we take the economic order be 101
So, the total cost would be
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit
= 720 × $35 × (1 - 0.20)
= $20,160
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (720 ÷ 101) × $40
= $285.14
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (101 ÷ 2) × 7 × (1 - 0.20)
= $282.80
Now put these values to the above formula
So, the value would equal to
= $20,160 + $285.14 + $282.80
= $20,727.94
Now the change in the annual total cost is
= $25,834.98 - $20,727.94
= $5,107.04
Doing the right task is known in management as what
Answer:
Doing the right task is known in management as performance.
Explanation:
Management ensures that the right tasks are performed by coordinating the various activities that help it to achieve goals. It also plans the right tasks to be carried out in order to achieve set goals and objectives. In doing all these, it also considers the cost and benefit to be incurred and derived respectively from executing its responsibilities. Management is always interested in minimizing costs while maximizing benefits. Management is also concerned with efficiency, by which it minimizes the wastage of resources (such as time, money, and efforts) and ensures optimum utilization of all its resources.
Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter: Job. No. Balance 356 $ 450 357 1,235 358 378 359 689 360 456 Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job. What is the balance of Sales for Adams Company at the end of the first quarter
Answer: $2,685
Explanation:
For the balance of Sales, look at Jobs that were sold in the first quarter.
Jobs 356 and 357.
They were sold at $500 profit each.
Balance of sales = (450 + 500) + (1,235 + 500)
= $2,685
If you have done everything correctly, you might realize that stagflation creates a dilemma for the Fed. Why? Choose one or more: A. If the Fed wants to reduce unemployment, it must be willing to accept more inflation. B. If the Fed wants to reduce inflation, it must be willing to accept higher unemployment. C. If the Fed wants to reduce unemployment, it must be willing to accept less inflation. D. If the Fed wants to reduce inflation, it must be willing to accept lower unemployment.
Answer:
A. If the Fed wants to reduce unemployment, it must be willing to accept more inflation.
B. If the Fed wants to reduce inflation, it must be willing to accept higher unemployment.
Explanation:
Stagflation is a situation in which there is a shift of the supply curve to the left that results in a high inflation due to which there is a high unemployement. Now if the fed wants to reduce the inflation so the demand would decline due to which the unemployment rises
Therefore A and B are correct
And C and D are incorrect
Answer:
The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.
Explanation:
Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Present Value Years Interest Rate Future Value
$600 8% $1,393
850 12 2,330
18,800 18 367,247
21,900 14 382,983
Answer:1)10.94years , 2.) 8.90 years 3) 17.96years 4) 21.84years
Explanation:
Using the formula
FV = PV (1 + r)ⁿ
where
PV=present value
r=interest rate
n =number of periods
FV = future value.
Present Value Years Interest Rate Future Value
$600 ? 8% $1,393
850 ? 12 2,330
18,800 ? 18 367,247
21,900 ? 14 382,983
Using FV = PV (1 + r)ⁿ, The number of years can be calculated
FV/PV = (1 + r)ⁿ
FV/PV/ 1+r = eⁿ
In FV/PV / In ( 1+ r) = n
1)
n ( Number of years )=In FV/PV / In ( 1+ r)
=In ( 1,393/600) / In ( 1+ 0.08)
0.84228/0.07696
=10.94years
2.
n ( Number of years )=In FV/PV / In ( 1+ r)
=In (2330/850) / In ( 1+ 0.12)
1.00837625/0.113328685
=8.90 years
3.
n ( Number of years )=In FV/PV / In ( 1+ r)
=In (367,247/ 18,800) / In ( 1+ 0.18)
2.97217778/0.165514438
=17.96years
4.
n ( Number of years )=In FV/PV / In ( 1+ r)
=In ( 382,983/ 21,900) / In ( 1+ 0.14)
2.86150396/0.131028262
=21.84 years
Peyton Trust, which is a simple trust, distributed $45,000 to its sole beneficiary, Brooke, in the current year. Further, it had the following items of income and expense for the current year.
Interest income from municipal bonds $10,000
Gross income from rental properties 30,000
Operating expenses for the rental properties 5,000
Trust fees allocable to the rental properties 2,000
What is Peyton's income distribution deduction for the current year?
a. $23,000
b. $33,000
c. $40,000
d. $45,000
Answer:
b. $33,000
Explanation:
In order to avoid double taxation, trust are allowed to deduct income distributed to its beneficiaries. In this case, the deduction is equal to the lowest of:
net income generated by the trust = $10,000 + $30,000 - $5,000 - $2,000 = $33,000 ⇒ THIS IS LOWERor the net income distributed = $45,000