What Kareem needs to do to change the timing of animation is change the delay and duration for the slide.
A typical Presentation slide helps to keep an audience's attention during a presentation and as well provide additional supporting information.
A presentation slides entails the use of text, images, artworks, aesigns, animation to facilitate a smart slide for proper presentation.
Animation basically move on the slides and are timed/programmed to move in a specific time or direction.
Therefore, in conclusion, Option C is correct. All Kareem have to do to change the timing of an animation in the slide is changing the delay and duration for the animation.
hope this helps
Ignore income taxes in this problem.) Janes, Inc., is considering the purchase of a machine that would cost $530,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $53,000. The machine would reduce labor and other costs by $113,000 per year. Additional working capital of $7,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 12% on all investment projects. Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign.)
Answer:
The answer is "- $42,012.87"
Explanation:
The formula for calculating the Net Present value:
[tex]\text{ \bold{Net Present value} = Labour costs saving value +Operating capital value disclosed} \\[/tex] [tex]+ \text{Surplus value-machine cost- Working capital} \\ \text{current value Net -Working capital}[/tex]
[tex]= \$ 113000 \times 4.11141 +\$ 7000 \times 0.50663 + \$ 53000 \times 0.50663 - \$ 530000 - \$ 7000 \\\\= \$ 464,589.33 +\$ 3,546.41 + \$ 26,851.39 - \$ 530000 - \$ 7000 \\\\= \$ 494,987.13 - \$ 537,000\\\\= - \$ 42,012.87[/tex]
If Sasha works for 6 hours she can rent
out 9 apartments, and if she works for 7
hours she can rent out 12 apartments.
The marginal benefit of Sasha's 7th hour
of work equals
Based on the number of apartments that Sasha can rent at 6 and 7 hours, her marginal benefit in the 7th hour is 3 apartments.
What is Sasha's marginal benefit?This refers to the additional number of benefits that Sasha gets when she works an extra hour.
As a result of working one extra hour from 6 hours to make it 7 hours, the additional benefit Sasha gets is:
= 12 - 9
= 3 apartments.
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LFinance, Inc. is estimating its WACC. It is operating at its optimal capital structure. Its outstanding bonds have a 12 percent coupon, paid semiannually, a current maturity of 17 years, and sell for $1,162. It has 100,000 bonds outstanding. The firm can issue new 20-year maturity semiannual bonds at par but will incur flotation costs of $50 per bond (Hint: the coupon rate on the new bonds = the YTM on existing bonds). The firm could sell, at par, $100 preferred stock that pays a 12 percent annual dividend that is currently selling for $120. The firm currently has 1,000,000 shares of preferred stock outstanding. Rollins' beta is 0.85, the risk-free rate is 2.53 percent, and the market risk premium is 6 percent. The common stock currently sells for $100 a share and there are 5,000,000 shares outstanding. The firm's marginal tax rate is 40 percent. What is the WACC?
Assuming he common stock currently sells for $100 a share if the firm's marginal tax rate is 40 percent. The WACC is: 7.54%.
Weighted average cost of capitalFirst step
PV= 1162+50= (1212)
FV= 1000
PMT= (100×10)/2= 50
N= 20×2= 40
CPT I/Y= 3.94×2= 7.88%
Second step
Market value
1212×100,000=121,200,000
120×1,00,000=120,000,000
100×5,000,000=500,000,000
Total Market value $741,200,000
Percentage
121,200,000/741,200,000=0.1635
120,000,000/741,200,000=0.1619
500,000,000/741,200,000=0.6746
Third step
12/120= 10%
2.53%+(0.85×0.06)
0.0253+0.051
=0.0763×100
=7.63%
Hence:
WACC=0.0788×[.1635(1-.4)]+(0.1619×.10)+(0.6746×0.0763)
WACC=(0.0788×0.0981)+(0.1619×.10)+(0.6746×0.0763)
WACC=0.00773028+0.01619+0.05147198
WACC=0.07539×100
WACC=7.54% (Approximately)
Inconclusion the WACC is: 7.54%.
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"William County opted to account for its duplication service center in an internal service fund. Previously the center had been accounted for in the county's general fund. During the first month in which it was accounted for as an internal service fund the center engaged in the following transactions: Five copiers were transferred to the internal service fund from the government's general capital assets. At the time of transfer the copiers had a book value (net of accumulated depreciation) of $70,000. The general fund made an initial cash contribution of $35,000 to the internal service fund. The center borrowed $270,000 from a local bank to finance the purchase of additional equipment and renovation of its facilities. It issued a three‐year note. It purchased equipment for $160,000 and paid contractors $100,000 for improvements to its facilities. It billed the county clerk's office $5,000 for printing services, of which the office remitted $2,500. It incurred, and paid in cash, various operating expenses of $9,000. The fund recognized depreciation of $1,500 on its equipment and $900 on the improvements to its facilities. Prepare journal entries in the internal service fund to record the transactions. Comment on the main differences resulting from the shift from the general fund to an internal service fund in how the center's assets and liabilities would be accounted for and reported."
Answer:
Five copiers were transferred to the internal service fund from the government's general capital assets.
Account Debit Credit
Capital $70,000
Copiers $70,000
The general fund made an initial cash contribution of $35,000 to the internal service fund.
Account Debit Credit
Capital $35,000
Cash $35,000
The center borrowed $270,000 from a local bank to finance the purchase of additional equipment and renovation of its facilities.
Account Debit Credit
Accounts Payable $270,000
Equipment $270,000
It purchased equipment for $160,000
Account Debit Credit
Equipment $160,000
Cash $160,000
paid contractors $100,000 for improvements to its facilities.
Account Debit Credit
Wage Expense $100,000
Cash $100,000
It billed the county clerk's office $5,000 for printing services, of which the office remitted $2,500.
Account Debit Credit
Accounts Receivable $2,500
Cash $2,500
Service Revenue $2,500
It incurred, and paid in cash, various operating expenses of $9,000.
Account Debit Credit
Operating Expenses $9,000
Cash $9,000
The fund recognized depreciation of $1,500 on its equipment $900 on the improvements to its facilities.
Account Debit Credit
Depreciation Expense $2,400
Accumulated Depreciation $2,400
Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: (Leave no answer blank. Enter zero if applicable.) a. Clem is self-employed and this year he incurred $810 in expenses for tools and supplies related to his job. In addition, since neither Clem nor his wife were covered by a qualified health plan through his wife's job, Clem paid health insurance premiums of $5,100 to provide coverage for himself (not through an exchange).
Answer:
$5910
Explanation:
The AGI is used to calculate how much of gross income that can be taxed. This income is calculated from the gross income and it is Adjusted gross income in full.
Under the AGI, expenses incurred for brooks and supplies and health insurance premiums are deductible.
We have $810 expenses for tools + 5100 for health premium
= $5910 deductibles under AGI.
The following is the income statement for the period ending December 31, Year 1, for Manatee Construction Company:
Manatee Construction Company Income Statement
Sales $8,000,000
Cost of goods sold (6,500,000)
Gross profit 1,500,000
Salaries expense (300,000)
Other administrative expenses (100,000)
Interest expense (900,000)
Advertising expense (450,000)
Total expenses (1,750,000)
Operating loss (250,000)
Gain from the sale of investments 100,000
Total net loss $(150,000)
Based on this information, perform the adjusting journal entry to close Manatee’s books at the end of Year 1. To prepare each required journal entry: Enter the corresponding debit or credit amount in the associated column. Round all amounts to the nearest whole number.
Account Name Debit Credit
1. Sales
2. Cost of goods sold
3. Salaries expense
4. Other administrative expenses
5. Interest expense
6. Advertising expense
7. Gain from the sale of investments
8. Retained earnings
Answer:
Sales 8,000,000 DEBIT
Gain from the sale of investments 100,000 DEBIT
Income Summary 8,100,000 CREDIT
--to close revenues and earnings account
Income Summary 8,250,000 DEBIT
Cost of goods sold 6,500,000 CREDIT
Salaries expense 300,000 CREDIT
Other administrative expenses 100,000 CREDIT
Interest expense 900,000 CREDIT
Advertising expense 450,000 CREDIT
--to close expenses account
Retained Earnings 150,000 DEBIT
Income Summary 150,000 CREDIT
Explanation:
To close the accounts we use the income summary account as an auxiliar tool
The revenues and gains have a normla balance of credit thus, we debit to close them
The expenses are normal balance debit so we credit them against income summary.
Last we transfer the Income Summary account into retained earnings.
Letty's Laundry and Dry Cleaning incorporated and started business on January 1, 2016. 1 Letty's Laundry and Dry Cleaning began business by depositing $30,000 in a checking account in the name of Letty's Laundry and Dry Cleaning, Inc. for which common stock is issued. 2 Borrowed $6,000 from City Bank. 3 Purchased equipment from Washers Wholesale, $16,200. 4 Purchased supplies costing $3,000 from Suds 'n Stuff for cash. 5 Paid one month's rent for business space in Pine Plaza, $1,000. 6 Services provided to customers during January totaled $13,400. All services were paid for in cash. 7 Paid employees for January, $2,240. 8 Received and paid the utility bill, $500. 9 Received and paid the telephone bill, $250. 10 Paid dividends to the stockholders, $2,140. Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10) in a vertical column, and inserting at the right of each number the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability. c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders' equity
Answer:
Letty's Laundry and Dry Cleaning Incorporated
Effect of each transaction on the accounting equation:
Transaction Appropriate
No. Letter
1. c.
2. b.
3. b.
4. a.
5. e.
6. c.
7. e.
8. e.
9. e.
10. e.
Explanation:
Data key:
list:
a. Increase in an asset, decrease in another asset.
b. Increase in an asset, increase in a liability.
c. Increase in an asset, increase in stockholders' equity.
d. Decrease in an asset, decrease in a liability.
e. Decrease in an asset, decrease in stockholders' equity
b) The above listing demonstrates the effect on the accounting equation of every business transaction. The net effect is such that the two sides of the equation are always in balance, provided the proper accounting records have been maintained.
4. You have saved $8,000 to buy a snowmobile and can budget $2000 every six months to repay a loan. If you use your $8,000 savings for a down payment and get a 5 year loan at 6% APR (compounded semi-annually) with $2000 payments every six months, how much can you pay for the snowmobile
The amount that you can pay for the snowmobile is $33,679.09, using the future value formula.
What is the future value?
The future value is the value of a series of cash flows in the future.
It can be computed using an online finance calculator as below.
Data and Calculations:N (# of periods) = 10 (5 years x 2)
I/Y (Interest per year) = 6%
PV (Present Value) = $8,000
PMT (Periodic Payment) = $2,000
Results:
FV = $33,679.09 ($20,000 + $5,670.09 + $8,000)
Sum of all periodic payments = $20,000.00 ($2,000 x 5 x 2)
Total Interest $5,679.09
Thus, you can afford to pay $33,679.09.
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Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.4%, how much is the bond worth today?
Answer:
6.000$ I think the answer is , I 'm not sure
A bond is a fixed-income investment that represents a loan made by an investor to a borrower, usually corporate or governmental.
What is a Bond?An investment in fixed income known as a bond reflects a loan made by a shareholder to a borrower, typically a corporation or government.
Governments and businesses sell bonds as a sort of asset to raise money from investors. Therefore, selling bonds is a means of borrowing money from the seller. From the standpoint of the buyer, purchasing bonds is an investment because it entitles them to guaranteed principal repayment as well as a stream of interest payments. Some bonds also come with extra perks, such as the option to exchange them for equity in the company issuing them.
Because bonds trade at a discount when interest rates are rising and at a premium when interest rates are decreasing, the bond market often moves inversely with interest rates.
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This expansion to Bruges of course will require that we learn the Dutch and French languages.
It should be noted that expansion to Bruges of course will require one learn the Dutch and French languages.
What are Foreign languages?The foreign languages serves as expansion of ones understand by learning new language so as as foster foreign relationships.
Learn the Dutch and French languages will help to communicate better and build good relationship with foreign countries.
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lorelei's trust fund will pay her $10,000 a year for the next 30 years. The current value of these payments is called the: g
The current value of these payments to Iorelei from her trust fund is called the present value of an annuity.
What is the present value of an annuity?When a set payment is made every period then this is called an annuity. The amount of $10,000 that Iorelei is receiving is therefore an annuity.
The current value of this annuity is therefore the present value of an annuity.
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Advertising for hospitals has grown significantly in recent years, a practice which has generated criticism from many constituencies inside and outside their institutions. What arguments would you employ to defend advertising by hospitals
A good reason why hospitals need to advertise is to bring attention to their expertise in a certain procedure.
Why should hospitals advertise?In the word of medicine, there are several different types of procedures and some doctors are better in some of the procedures than others.
If a hospital has some of those doctors who are better, they should be allowed to advertise so that people can go to that hospital and get better help than they would elsewhere.
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Many transportation systems charge higher fares during rush hours than during the rest of the day. Why?
Explanation:
Because during rush hour they do not get many people to board their cars but during the day a lot of people board their cars
why South Africa as a country has a shortage skilled workers
Answer:
The shortage is partly because of the failure of the national education and training system to supply the economy with much-needed skills.
2. Extension Tax revenue helps governments provide citizens with goods and services. What kind of taxes do you pay to get these services?
Answer:
The federal taxes you pay are used by the government to invest in technology and education, and to provide goods and services for the benefit of the American people. Sales taxes are the most important source of revenue for states.
Explanation:
Swazzi is a national chain of clothing stores. It produces and sells women's and men's clothing, footwear, and accessories. In general, it targets high-income consumers, focusing on high product prices.
Swazzi's Northeast Region, its largest, has just experienced its worst fiscal year on record. The region is in terrible shape. Sales are far below expectations and continue to stagnate. Nearly every store is underperforming. Turnover is high and some of the best salespeople are jumping ship. Morale is low.
J.K. Miller has been hired as the new Northeast Division Manager and tasked with turning around the region in short order. J.K. is especially concerned about employee motivation and store leaders. J.K. observes that most employees do not like their jobs, show little respect for the company, and exhibit little affinity with corporate objectives. Correcting these conditions is crucial to improving performance quickly.
J.K. visits Swazzi's flagship store to talk to Store Manager Sean. Over lunch, J.K. asks Sean to be candid about the reasons for poor sales performance at his store and other stores in the region. Sean says: "I have yet to visit a store in the region where the atmosphere is energized. No one seems to have any direction, and employees put only sporadic effort into their work. The sales teams don't seem to care about selling; they're unprofessional in their appearance and in the way they treat customers. Many members of the sales team don't seem to understand the commission system, and many see it as unfair. Absenteeism and turnover are high, even among the team leaders. I have to admit even I don't have much enthusiasm for my job. I also heard from different stores’ employees about some store managers being too laid back and unhelpful, but I don’t have any other details."
The company definitely has problems in the Northeast Division. J.K. remembers the Organizational Behavior class from college years; J.K. is sure OB topics and theories can help solve these problems.
As a team your job is to help J.K. solve the problems using applicable OB concepts and theories. You will need to identify possible root causes of the problem, identify the OB concepts and theories that are relevant to the case, and develop solutions and recommended action plans.
Required:
Identify the OB concepts and theories of Communication, Leadership, Power, and Politics, Conflict and Negotiation
The Organizational Behavior concept of motivation that speaks to the situation is The Two-Factor Theory by Frederick Herzberg.
What does Two-Factor Theory propose?
Frederick Herzberg's Two-Factor theory suggests that in every workplace, there are certain factors that trigger job satisfaction and enhance motivation while there are other factors that create dissatisfaction.
According to him, these factors are mutually exclusive. Sone of the factors in the case study which are similar to the research findings by Herzberg is Salary Structure and intrinsic interest in the work.
Recommendations:
Revision of Salary Structure
The commission structure should be changed. Given that the company has a great and marketable product, it can reduce the overall sales commission then include a base salary for each worker. So that in the periods when there are no sales, they can have still have some money to fall back on.
Non-Financial Benefits
The company should pay attention to non-financial benefits. Some of them are employee recognition, health insurance, etc.
The organization must work to ensure that rapport between employees, horizontally and vertically is achieved.
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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $360,000. During 2021, Halifax sold merchandise on account for $12,100,000. Halifax's merchandise costs is 70% of merchandise selling price. Also during the year, customers returned $594,000 in sales for credit, with $328,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. Required:
Answer and Explanation:
1.a. The Journal entries are shown below:-
Refund liability Dr, $328,000
To Account Receivables $328,000
(Being actual sales return of merchandise sold is recorded)
b. Inventory Dr, $229,600 ($328,000 × 70%)
To Inventory—estimated returns $229,600
(Being cost of merchandise returned for goods is recorded)
c. Sales returns Dr, $266,000 ($594,000 - $328,000)
To Accounts receivable $266,000
(Being actual sales return of merchandise is recorded)
d. Inventory Dr, $186,200 ($266,000 × 70%)
To Cost of Goods Sold $186,200
(Being cost of merchandise returned for goods is recorded)
e. Sales returns Dr, $ 307,000
To Refund liability $307,000
(Being year-end adjusting entry for estimated returns is recorded)
f. Inventory Dr, $214,900 ($307,000 × 70%)
To Cost of Good Sold $214,900
Estimated returns of 2021 sales = 5% × $12,100,000 $ 605,000
Less: Actual returns of 2021 sales ($266,000)
Remaining estimated returns of 2021 sales $ 339,000
2. The computation of amount of the year-end refund liability after the adjusting entry is shown below:-
Beginning balance in refund liability $360,000
Less: Actual returns of pre-2021 sales ($328,000)
Add: Adjustment needed $307,000
Ending balance $339,000
Ronnie's Custom Cars purchased some fixed assets two years ago for $39,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $19,000 for his old assets. What is the after-tax salvage value if the tax rate is 34%
Based on the MACRS classification and the amount Ronnie is offered, the after-tax salvage value is $18,904.80.
What is the after-tax salvage value?First find the book value at the date of sale:
= Cost x (1 - MACRS year 1 - MACRA year 2)
= 39,000 x (1 - 20% - 30%)
= $18,720
Then find the gain on sale:
= 19,000 - 18,720
= $280
The after tax salvage value is:
= Amount offered - (Gain x Tax rate)
= 19,000 - (280 x 34%)
= $18,904.80
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Titan Mining Corporation has 8.1 million shares of common stock outstanding, 300,000 shares of 4.1 percent preferred stock outstanding, and 185,000 bonds with a semiannual coupon rate of 5.5 percent outstanding, par value $2,000 each. The common stock currently sells for $57 per share and has a beta of 1.15, the preferred stock has a par value of $100 and currently sells for $99 per share, and the bonds have 18 years to maturity and sell for 107 percent of par. The market risk premium is 6.6 percent, T-bills are yielding 3.3 percent, and the company’s tax rate is 24 percent. a. What is the firm’s market value capital structure? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.) b. If the company is evaluating a new investment project that has the same risk as the firm’s typical project, what rate should the firm use to discount the project’s cash flows?
Answer:
a.
Market value of debt = 185000 * 2000 * 107% = 395900000 or 395.9 million
Market value of preferred stock = 300000 * 99 = 29700000 or 29.7 million
Market value of common stock = 8100000 * 57 = 461700000 or 461.7 million
Total value of capital structure = 395.9 + 29.7 + 461.7 = 887300000 or 887.3 million
b.
WACC = 0.0953387 or 9.53387% rounded off to 9.5339%
As the new project will have the same risk as that of the firm's typical project, it shall be discounted using the WACC of the firm which is 9.5339%
Explanation:
The capital structure of a company is typically made of at least one or at most all of the following components namely debt, common stock and preferred stock. To calculate the market value of capital structure, we calculate the market value of each component and sum it.
Market value of debt = 185000 * 2000 * 107% = 395900000 or 395.9 million
Market value of preferred stock = 300000 * 99 = 29700000 or 29.7 million
Market value of common stock = 8100000 * 57 = 461700000 or 461.7 million
Total value of capital structure = 395.9 + 29.7 + 461.7 = 887300000 or 887.3 million
b.
The cash flows of a firm having the capital structure mix containing more than one component should be discounted using the WACC or weighted average cost of capital. The WACC is calculated using the following formula,
WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE
Where,
wD, wP, wE represents the weight of debt, preferred stock and common stock in capital structure respectivelyrD, rP, rE represents the cost of each componentFirst we need to determine the cost of equity.
rE = 0.033 + 1.15 * 0.066
rE = 0.1089 or 10.89%
Cost of debt = 5.5* 2 = 11% or 0.11
WACC = 395.9 / 887.3 * 0.11 * (1 - 0.24) + 29.7 / 887.3 * 0.041 +
461.7 / 887.3 * 0.1089
WACC = 0.0953387 or 9.53387% rounded off to 9.5339%
As the new project will have the same risk as that of the firm's typical project, it shall be discounted using the WACC of the firm which is 9.5339%
A company has net sales of $821,400 and cost of goods sold of $593,400. Its net income is $34,160. The company's gross margin and operating expenses, respectively, are:
Answer:
$228,000.00 and $193,840.00
Explanation:
Gross profit is the gain from business transactions before adjusting for operating expenses. It is obtained by deducting the direct cost from net sales. The Cost of Goods sold represents direct expenses.
In this case:
Gross profit = Net sales - COGS
Gross profit = $821,400 - $593,400
Gross profit =$228,000.00
Calculating operating expenses:
Gross profit - operating expenses = net income
In this case, gross profits = $228,000 , net income = $34,160
i.e.,$228,000 -Operating expenses =$34,160
Operating expences = $228,000 - $34,160
operating expences = $193,840.00
Which of the following is NOT an example of piggybacking?
Tea and coffee
Cereal and milk
DVD and a DVD player
Razor and razor blades
Answer:
tea and coffee
cereal and milk
razor and razor blades
Explanation:
Piggybacking is also refered as wifi-squatting
Evangeline is just beginning to explore the idea of starting a business what resources might be the best place to start?
competition
business partners
books and on the web
Small Business Administration
Answer:
it think its B.) business partners
i'm not 100% sure
good luck
have a nice day!!!
Answer: The Correct answer is C Books and on the web
Explanation: I just took the test.
One of the unique challenges of offering services instead of products is that it is easier for a concept to be copied.
True
False
Answer:
true
Explanation:
items are harder to be duped
Answer:
true
Explanation:
know these days anything is super fast to do or use.
The Mass Rapid Transit (MRT) System in Hong Kong has been running significant losses. Transport Ministry officials have argued over whether to raise fares to combat the losses. One argument against a fare increase is that it will aggravate traffic congestion on the streets during peak commuter hours. Suppose that the current fare is $4 and the government is considering raising it to S6. Officials estimate that this reduces the number of rides purchased from 10,000 to 8,000 per day
a) What is the estimated elasticity of demand for MRT rides using the midpoint/ARC method?
b) What does this elasticity of demand suggest to you about what will happen to total revenue earned by the transit system? Explain and show your work.
Answer:
A) -0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in the number of Commuters
Explanation:
Given data:
current fare (P0) = $4
hiked fare (P1) = $6
change in fare = $2
number of rides before increase ( Q0 ) = 10000
number of rides after increase ( Q1 ) = 8000
change in rides = 2000
A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method
Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]
= [ - 2000 / 18000 ] / [ 2 / 10 ]
= - 1000 / 1800 = - 5 / 9 ( estimated elasticity )
= - 0.55
B) The negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters
Use the following data to determine the total dollar amount of assets to be classified as current assets.
Carne Auto Supplies
Balance Sheet
December 31, 2017
Cash
$ 70,000
Accounts payable
$130,000
Accounts receivable
100,000
Salaries and wages payable
20,000
Inventory
140,000
Mortgage payable
180,000
Prepaid insurance
80,000
Total liabilities
$330,000
Stock investments
180,000
Land
190,000
Buildings
$230,000
Common stock
$240,000
Less: Accumulated
Retained earnings
500,000
depreciation
(60,000)
170,000
Total stockholders' equity
$740,000
Trademarks
140,000
Total liabilities and
Total assets
$1,070,000
stockholders' equity
$1,070,000
Answer:
Current assets=$ 390,000
Explanation:
Calculation to determine the total dollar amount classified as current assets.
Using this formula
Current asset=(Cash + Account receivable + Inventory + Prepaid insurance)
Let plug in the formula
Current assets=$ 70,000+$100,000+$140,000+80,000
Current assets=$ 390,000
Therefore the total dollar amount classified as current assets will be $390,000
Carey Company had sales in 2019 of $1,703,700 on 63,100 units. Variable costs totaled $883,400, and fixed costs totaled $549,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $2.80). However, to process the new raw material, fixed operating costs will increase by $90,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold.
Required:
a. Prepare a projected CVP income statement for 2020, assuming the changes have not been made.
b. Prepare a projected CVP income statement for 2020, assuming that changes are made as described.
Answer:
a. CVP income statement for 2020 [ assuming no changes]
Sales $1,703,700
Less Variable Cost ($883,400)
Contribution $820,300
Less Fixed Costs ($549,000)
Net Income/ (Loss) $271,300
a. CVP income statement for 2020 [ assuming changes are made]
Sales (($1,703,700/ 63,100 - $1.40 ) × (63,100 + 5%)) $1,696,128
Less Variable Cost (($883,400/63,100 - $2.80) × (63,100 + 5%)) ($742,056)
Contribution $954,072
Less Fixed Costs ($549,000 +$90,000) ($639,000)
Net Income/ (Loss) $315,072
Explanation:
Adjusting the CVP income statement requires you to first find the current unit selling prices and variable costs. This is done by dividing the Total Sales and Total Variable Costs with the number of units currently sold.
Once you have these apply the changes respectively and remember to increase the number of units as well for the final answer in the line items. Follow carefully the calculations i have done.
When do you think home prices peaked? Why?
What does the ratification of an agency relationship include ?
Someone who affirms a contract by word or action and has the authority to act on someone else's behalf.
Which of the following financial documents would most likely be stored in a safe-deposit box?
Personal financial statements, Warranties, Marriage certificates, or Bank Statements
Explanation:
marriage certificates
An engineer invests $5,800 at the end of every year for a 35-year career. If the engineer wants $1 million in savings at retirement, what interest rate must the investment earn
Based on the amount that the engineer wants to have after 35 years, the interest rate that the investment should earn is 8%.
What rate should the investment earn?This can be found using a spreadsheet. The RATE formula would apply.
Number of periods = 35 years.
Payment = 5,800
PV = 0
FV = 1,000,000
The rate would be 8.00% as shown in the attached photo.
Find out more on interest rates at https://brainly.com/question/25793394.