LAnswer:
Loss of $300
Explanation:
Calculation for the what Ivanhoe should recognize in 2020
2020 Recognized Amount=(1,000 pound*$4.00 per pound)-(1,000 pound*$3.70 per pound)
2020 Recognized Amount=4,000 pound-3,700 pound
2020 Recognized Amount=300 pound
Therefore what Ivanhoe should recognize in 2020 is LOSS of 300 pound
Blue Firm
Low Price High Price
Yellow Firm Low Price Y: 26 , B: 20 Y: 48 , B: 12
High Price Y: 24 , B 36 Y: 38 , B: 32
According to the payout matrix above, where a higher value is considered better,
A. Both firms have a dominant strategy to pick the High Price option
B. Only the Yellow firm has a dominant strategy to pick the High Price option
C. Only the Blue firm has a dominant strategy to pick the High Price option
D. Only the Yellow firm has a dominant strategy to pick the Low Price option
E. Only the Blue firm has a dominant strategy to pick the Low Price option
F. Both firms have a dominant strategy to pick the Low Price option
Answer:
F. Both firms have a dominant strategy to pick the Low Price option
Explanation:
In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price
Now for the blue firm it also select the lesser price
So here the nash equilibrium would be
= (Low price, low price)
= (26,20)
The first payoff would be considered as a yellow firm and the other one is blue one
Therefore the last option is correct
has 17,500 shares of stock outstanding along with $408,000 of interest-bearing debt. The market and book values of the debt are the same. The firm has sales of $697,000 and a profit margin of 6.8 percent. The tax rate is 35 percent, the debt-equity ratio is 40 percent, and the price-earnings ratio is 11.8. The firm has $130,000 of current assets of which $41,200 in cash. What is the enterprise value
Answer:
$926,073
Explanation:
Enterprise value=market capitalization+value of debt-cash
value of the firm=price-earnings ratio=11.8
earnings=net income
net income=profit margin*sales
net income=$697,000*6.8%=$47,396
11.8=market capitalization/$47,396
market capitalzation=11.8*$47,396=$559,272.80
enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80 (approx $926,073)
The total asset market value of General Motors (GM) is $10 billion. GM has an equity market value (market capitalization) of $7 billion of equity. What are the weights in equity and debt that are used for calculating the WACC, respectively
Answer:
0.70,0.30
Explanation:
Calculation for the weights in equity and debt that are used for calculating the WACC respectively
Calculation for weights in equity
Weights in equity= $7 million / $10 million
Weights in equity = 0.70
Therefore the Weights in equity will be 0.70
Calculation for debt
Debt = ($10 million - $7 million) / $10 million
Debt=$3millon/$10 million
Debt= 0.30
Therefore the debt that are used for calculating the WACC will be 0.30
Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $14,420 and $50,160. $14,420 and $43,260. $15,800 and $40,500. $15,800 and $47,400.
Answer:
Annual depreciation= $14,420
Book value= $50,160
Explanation:
Giving the following information:
Purchase price= $79,000
Useful life= 5 years
Salvage value= $6,900
To calculate the depreciation expense, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (79,000 - 6,900) / 5
Annual depreciation= $14,420
Now, the book value:
Book value= purchase price - accumulated depreciation
Book value= 79,000 - (14,420*2)
Book value= $50,160
40
Maria makes hand-crafted jewelry. Lately the demand for her items has
increased. She currently has them on consignment in a shop, but wants to
have them placed in multiple stores. To do this she needs one central place to
hold a high volume of her jewelry so that retailers can purchase her jewelry in
large numbers. Which channel member should she use for this step?
A. Supplier
B. Producer
C. Consumer
D. Wholesaler
Answer:
D.) Wholesaler
Explanation:
Just took this test, and got this answer correct.
The channel member that should be used by Maria to satisfy the increasing demand is wholesaler. Hence, Option D is correct.
What is the meaning of wholesaler?A wholesaler serves as a middleman or intermediary in the supply chain. The most typical example of a wholesaler is a business that buys finished goods from manufacturers and distributes them to retailers, who then sell more of the goods to consumers in smaller quantities.
Jewelry created by Maria is handmade. Her products are more in demand nowadays. She has them on consignment in a store for now, but she wants to have them distributed to several shops.
In order for merchants to buy her jewellery in large quantities, she needs a single, central location to store a lot of it. Maria needs to use wholesalers as a channel partner to meet the rising demand.
Therefore, option D is correct.
Learn more about wholesaler from here:
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In 2017, Kerry Corp's financial statement showed accrued losses on disposal of unused plant facilities of $3,600,000. The facilities were sold in December 2018 and a $3,600,000 loss was recognized for tax purposes then. Also in 2018, Kerry Corp's paid $150,000 for a two-year life insurance policy for their CEO Kerry, and the company was the beneficiary. Assuming that the enacted tax rate is 35% in both 2017 and 2018.
Question: the amount reported as net deferred income taxes on Kerry's balance sheet at December 31, 2017 should be an asset or liability?
Answer:
$1,260,000 Asset
Explanation:
The amount that Kerry Corp should report is as follows:
Amount to be reported = $3,600,000 * 35% = $1,260,000 asset.
Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.
On June 30, Company issues , -year bonds payable with at face value of . The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. (Record debits first, then credits. Select explanations on the last line of the journal entry.)
Answer:
1. Dr Cash $ 98,000
Dr Discount on Bonds Payable $2,000
Cr Bonds payable $100,000
2. Dr Interest Expense $ 4,050
Cr Discount on Bonds Payable $50
Cr Cash $4,000
Explanation:
1. Preparation of the journal entry for the issuance of the bonds on June 30
Dr Cash $ 98,000
( $ 100,000 x 0.98 )
Dr Discount on Bonds Payable $2,000
($100,000 - $98,000)
Cr Bonds payable $100,000
2. Preparation of the Journal entry to record the semiannual interest payment
Dr Interest Expense $ 4,050
($4,000 + $50 )
Cr Discount on Bonds Payable $50
( $2,000 x 1/40 )
Cr Cash $4,000
($ 100,000 x 8% x 6/12 )
Company A purchases cases of fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case consists of five bags of fertilizer. Company A needs 2,000 bags of fertilizer a year. Company A’s annual holding costs are 30%. If Company A only has room to hold 25 cases of fertilizer, how many cases should Company A order each time to minimize the total holding and ordering cost?
Answer:
EOQ = √2DS/H
Annual demand = 2000 bags/5 = 400 cases
Order cost = $030
Holding cost = 50*0.30 = $15
EOQ = √2*400*30/15
EOQ = √1600
EOQ = 40
The Economic order quantity = 40. In order to minimize the total cost, the company should order 40 units. However, since Company A only has room to hold 25 cases of fertilizer, therefore, it should order 25 cases each time.
Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $20,000 of debt she is not responsible to repay because she is a limited partner. Sue is allocated a 10 percent share of the debt resulting in a tax basis of $7,000 and an at-risk amount of $5,000. During the year, ABC LP generated a ($70,000) loss. How much of Sue's loss is disallowed due to her tax basis or at-risk amount
Answer:
$2,000
Explanation:
Calculation for How much of the Sue's loss is disallowed due to her tax basis or at-risk amount
Based on the information given we were told that that Sue is been allocated a 10% of the debt which resulted in a tax basis of the amount of $7,000 as well as an at-risk amount of $5,000 which means that the amount that the Sue's loss will be disallowed due to her tax basis Amount or at-risk amount will be calculated as :
Using this formula
Disallowed Sue's loss=Tax basis-At-risk amount
Let plug in the formula
Disallowed Sue's loss=$7,000-$5,000
Disallowed Sue's loss=$2,000
Therefore How much of the Sue's loss is disallowed due to her tax basis or at-risk amount will be $2,000
Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. The potatoes are beginning to rot. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered: Group of answer choices An attempt to maximize damages Conversion An attempt to realize an unwarranted profit. A reasonable mitigation of damages.
Answer:
A reasonable mitigation of damages.
Explanation:
Chef Noble breached the contract with farmer Elvin, and therefore, farmer Elvin is entitled to sue chef noble and seek compensatory damages for the money that he might have lost due to this contract breach. But it is reasonable for farmer Elvin to try to lower the damages suffered by selling the potatoes to other clients even if these clients do not pay the normal contract price for the merchandise. In the event of a lawsuit, this action will even benefit chef Noble since the damages will be smaller and the court will probably require him to pay a lower amount of money.
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).
In a master schedule, the planning horizon is often separated into a series of time periods called:
a. lead times
b. stacked lead times
c. time buckets
d. firm, fixed, and frozen
Answer: time buckets
Explanation:
In a master schedule, the planning horizon is often separated into a series of time periods called time buckets.
The time bucket is simply a time interval that is used for planning and scheduling. If and information is to be broken into weekly periods, the weekly buckets break will be utilized. It should be noted that for a MRP, the maximum is the weekly buckets.
Why will the number of suppliers in the tourism industry decrease, and how will this consolidation of suppliers take place
Answer:
In the current negative economic climate, suppliers in the tourism industry are likely to consolidate because many small suppliers do not have enough revenue to continue operating, and in such situation, they can be easily absorbed by larger, more solvent competitors.
Besides, the industry had been consolidating in the years prior to the current crisis. For example, Airbnb, with its innovative business model and global reach, had made many small suppliers go out of business in several cities of the world.
Concord Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $9, direct labor $11, and variable overhead $4. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under absorption costing is $36. $38. $24. $20.
Answer:
unitary manufacturing cost= $36
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed manufacturing overhead:
unitary fixed manufacturing overhead= 720,000 / 60,000
unitary fixed manufacturing overhead= $12
Now, we can determine the unitary manufacturing cost:
unitary manufacturing cost= 9 + 11 + 4 + 12
unitary manufacturing cost= $36
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
when you hear the words financial literacy and financial wellness, what do they mean to you? (i’m not sure if it’s in the right subject but it would be nice to help?)
Answer:
Being Financial Literate means you can read and comprehend financial statements, such as a balance sheet or income statement. You understand business terminology and can understand business writings. Financial wellness is having a strong and diverse financial portfolio, eg owning stocks, bonds, making good investments. Essentially being smart with money, and building up your wealth.
Explanation:
Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A: Dated 5/31/2021, principal of $135,000 and interest due 3/31/2022. Note B: Dated 7/1/2021, principal of $227,000 and interest at 8% annually, due on 4/1/2022. Frankenstein had accrued a total of $16,300 interest receivable from these notes in its 12/31/2021 balance sheet. The annual interest rate on Note A is closest to:
Answer:
9.17%
Explanation:
Interest on Note B = $227,000 * 8% * 6/12
Interest on Note B = $9,080
Remaining Interest = $16,300 - $9,080 = $7,220
Annual Interest Rate = $7,220 / $135,000 * 12/7
Annual Interest Rate = 0.0916825397
Annual Interest Rate = 9.16825397
Annual Interest Rate = 9.17%
You are working as a communication specialist for BMW which is releasing a new luxury car in March 2021. BMW have already carried out a market survey and have already determined the price of the product and the targeted audience.
Now that your company have to start a sale campaign, you have been asked to elaborate with your team the communication strategy for conducting this campaign during spring and summer (From March to August).
Answer:
Here is the answer!
Explanation:
You are working as a communication specialist for BMW which is releasing a new luxury car in March 2021. BMW have already carried out a market survey and have already determined the price of the product and the targeted audience.
You are working as a communication specialist for BMW which is releasing a new luxury car in March 2021. BMW have already carried out a market survey and have already determined the price of the product and the targeted audience. Now that your company have to start a sale campaign, you have been asked to elaborate with your team the communication strategy for conducting this campaign during spring and summer (From March to August). Write your strategy in almost five pages
Your client wants to open a new QuickBooks Payments merchant
account.
Answer: a. In the Usage tab of Account and Settings
Explanation:
QuickBooks online is an accounting software that is mostly used by small to medium size businesses. They offer a variety of tools such that even accounting novices can keep proper records.
If one wanted to open a new QuickBooks Payments merchant account, they should go to the Usage tab of Accounts and Settings where they can then follow the prompts and register the account with the relevant details needed such as name of business. Debit or credit cards can then be added to the account.
You’re a subcontractor responsible for the re-furbishment of an automobile showroom. The estimated re-furbishment cost is $500 per square foot. The total showroom area that needs to be refurbished is 1,000 square feet. Based on your past experience, you know your team can renovate 100 square feet per week. After 4 weeks, you have 45% of the job completed and you have spent $250,000. Determine the value for each of the terms below:Term ValueBudget At CompletionPlanned ValueEarned ValueActual CostCost VarianceSchedule VarianceCost Performance IndexSchedule Performance IndexEstimate At CompletionEstimate To CompleteVariance At Completion
Answer:
Explanation:
The Earned Value Analysis for each term can be computed as follows:
Term Acronym Formula Value
Budget At Completion BAC =1000×500 500,000
Planned Value PV =400×500 200,000
Earned Value EV =500000×0.45 225,000
Actual Cost AC 250,000
Cost Variance CV [tex]=EV - AC[/tex] -25,000
Schedule Variance SV [tex]=EV - PV[/tex] 25,000
Cost Performance Index CPI [tex]=EV / AC[/tex] 0.9
Schedule Performance Index SPI [tex]=EV / PV[/tex] 1.125
Estimate At Completion EAC [tex]=BAC / CPI[/tex] 555,556
Estimate To Complete ETC [tex]=EAC - AC[/tex] 305,556
Variance At Completion VAC [tex]=BAC - EAC[/tex] -55,556
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.
Ollie owned stock in a hotel company that announced a dividend, but he did not receive it. This is because he sold the stock before the __________ date had passed.
Answer:
record date
Explanation:
Basically, this rule is applied to shareholders in that if they decide to sell their stock before the company's set record date (ie the date the company checks its financial books) in other to determine those qualify to receive the dividend.
So by selling before this date, Ollie was not part of the record of the company's shareholders and was thus exempted from recieving the dividents.
In the market for pickled herring there are two competing producers: Abbas and Taste of Base. Both herring manufacturers have fixed cost worth $880,000 a year and a constant marginal and average variable cost of $3.22 per jar. In the current year, Abbas produced and sold 400,000 jars of herring while Taste of Base produced and sold 222,000 jars. Based on this information, we can expect Abbas' quantity sold to _____________ and its ________ in the future.
Answer: increase; average fixed cost to decrease
Explanation:
Abbas produced 400,000 jars which is more than those produced by Taste of Base. With a higher quantity of jars produced, we can expect that they will sell more jars which means that Abbas' quantity sold will increase.
Average fixed cost is calculated by dividing Fixed costs by quantity produced. If Abbas produces more jars as they did, the quantity dividing fixed costs will be more which means that the Average Fixed cost will be less. Simply put, there is less fixed cost per jar, the higher the number of jars produced.
Apollo Inc. has an unfunded pension liability of $900 million that must be paid in 30 years. If the annual interest rate is 6% compounded semiannually, what is the present value?
Answer:69420 milliom
Explanation:
Nice
Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales. What will pretax income equal if sales are $342,000?
A. $119,700.
B. $148,100.
C. $267,800.
D. $45,500.
E. $183,750.
Answer:
Pretax profit= $148,100
Explanation:
Giving the following information:
Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales.
Sales= $342,000
To calculate the pretax profit, we need to use the following formula:
Pretax profit= sales*contribution margin rate - fixed costs
Contribution margin rate= 1 - varaible cost rate
Contribution margin rate= 0.65
Pretax profit= 342,000*0.65 - 74,200
Pretax profit= $148,100
Taco Time Corporation is evaluating an extra dividend versus a share repurchase. In either case, $22,000 would be spent. Current earnings are $3.70 per share, and the stock currently sells for $91 per share. There are 4,000 shares outstanding. Ignore taxes and other imperfections. What will the company’s EPS and PE ratio be under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answer:
Under extra dividend:
EPS = $3.70
PE ratio = 23.11
Under Share Repurchase:
EPS = $3.94
PE ratio = 23.10
Explanation:
These can be calculated as follows:
Under extra dividend:
Dividend per Share = Amount to spend / Number of shares outstanding = $22,000 / 4,000 = $5.50
Stock Price per share after Dividend payment = Current stock price per share - Dividend per share = $91 - $5.50 = $85.50
EPS = Current EPS = Current Earning per share = $3.70
PE ratio = Price Earning ratio = Stock Price per share after Dividend payment / Current EPS = $85.50 / $3.70 = 23.11
Under Share Repurchase:
Shares repurchased = Amount to spend / Current stock price per share = $22,000 / $91 = 241.758241758242 shares
Current EPS before Share repurchase = $3.70
Total Earnings = Current EPS before Share repurchase * Number of shares outstanding = $3.70 * 4,000 = 14,800
Earnings per Share after Share repurchase = Total Earnings / (Number of shares outstanding - Shares repurchased) = $14,800 / (4,000 - 241.758241758242) = $3.94
P/E Ratio = Current stock price per share / Earnings per Share after Share repurchase = $91 / $3.94 = 23.10
On January 1, Balanger Company buys 10 percent of the outstanding shares of its parent, Altgeld, Inc. Although the total book and fair values of Altgeld's net assets equaled $3.2 million, the price paid for these shares was $340,000. During the year, Altgeld reported $415,000 of separate operating income (no subsidiary income was included) and declared dividends of $35,000. How are the shares of the parent owned by the subsidiary reported at December 31
Answer: a. Consolidated stockholders’ equity is reduced by $340,000.
Explanation:
Consolidated stockholders' equity is the equity owned by stockholders in the entire parent company of Altgeld and its subsidiaries. Balanger as a company, then buys some of its parent's stock for $340,000.
The effect this will have is to reduce the stock available to stockholders in the parent and the subsidiaries almost like buying treasury shares. Consolidated stockholders' equity will therefore reduce by the amount paid for the shares of $340,000.
On July 1, 2021, Markwell Company acquired equipment. Markwell paid $175,000 in cash on July 1, 2021, and signed a $700,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022. An interest rate of 5% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? a) $834,048. b) $841,666. c) $741,666. d) $875,000.
Answer: b) $841,666.
Explanation:
Markwell will record the equipment at the present value of the amounts spent to purchase it.
Present value of the cash paid = $175,000
Present value of the noninterest-bearing note after a year = 700,000/(1 + 5%)
= $666,667
Total = 175,000 + 666,667
= $841,667
As per the options;
= $841,666
Select the correct answer.
Video game deslgners can do visual deslgn or progranming
A True
B.False
Answer:
A.
Explanation:
Answer:
A
Explanation:
The answer is A , its true
A job was timed for 60 cycles and had an average of 1.2 minutes per piece. The performance rating was 95 percent, and workday allowances are 10 percent. Determine each of the following:
a) Observed Time
b) Normal Time
c) Standard Time
Answer and Explanation:
The computation is given below:
a) Observation time is
= Average time
= 1.2 minutes
b) Normal time is
= Observation time × performance rating
= 1.2 minutes × 0.95
= 1.14 minutes
c. The standard time is
= Normal time × allowance factor
= 1.14 × 1.11
= 1.265 minutes.
The allowance factor is
= 1 ÷ (1 - Allowances)
= 1 ÷ (1 - 0.1)
= 1.11