On January 1, a company issued and sold a $300,000, 5%, 10-year bond payable, and received proceeds of $293,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the first interest payment is:

Answers

Answer 1

Answer: $293,350

Explanation:

The carrying value of the bonds immediately after the first interest payment will be the addition of the received proceed and the ammortized discount. This will be:

= $293,000 + $350

= $293,350

Note that the ammortized discount was calculated as:

= ($300000 - $293000)/20

= $7000/20

= $350


Related Questions

Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $60 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?a. $35.28b. $39.53c. $42.50d. $33.58e. $33.15

Answers

Answer:

$30

Explanation:

In a 2 for 1 split, for every 1 share owned, the shareholder receives 2 shares

share price after split = share price before split / 2 = $60 / 2 = $30

A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross margin ratio is

Answers

Answer:

25.8%

Explanation:

A company gross profit is $129,650

The net sales is $502,900

Therefore, the gross margin ratio can be calculated as follows

Gross margin ratio= gross margin /net sales

= $129,650/$502,900

= 0.258×100

= 25.8%

Hence the gross margin ratio is 25.8%

With regard to consideration in a sales contract, the UCC differs from the common law in that:_______
A) terms of a sales contract may be modified without additional consideration.
B) consideration is not required in sales contracts
C) terms in a sales contract may be modified as long as additional consideration is provided.
D) consideration exchanged must be equal or very closely equal in sales contracts.

Answers

Answer:

A) terms of a sales contract may be modified without additional consideration.

Explanation:

Generally speaking, common law applies to everybody in an equal manner, i.e. the law is the same for everyone. While UCC rules vary depending if the parties involved are merchants or not. UCC has two standards, one that applies to merchants and another one that applies to everyone else.

Common law applies to all contracts that are not covered by UCC rules. UCC rules only apply to the sale of goods and this doesn't include money or securities. Under UCC rules, new consideration is not a requirement to modify an existing contract. E.g. a buyer places an order for 3,000 units, but the seller only has 2,000 units available. The seller can send the 2,000 units and if the buyer accepts them, a new contract is formed.

You must decide between $25,000 in cash today or $30,000 in cash to be received two years from now. If you can earn 8 percent interest on your investments, which is the better deal?

Answers

Answer:

The deal to receive $30000 is better.

Explanation:

To find the better deal we need to calculate the present value of $30000 and then compare it with the amount $25000. If the amount is greater than the $25000, then the amount should be received after the 2 years.

The given time period (n )= 2

Interest rate (r ) = 8%

The amount received after 2 years = $30000

[tex]\text{Present value of money} = \frac{Future \ value}{(1 + r)^n } \\= \frac{30000}{(1+0.08)^2} \\= $25720.16[/tex]

Since the amount is more than $25000 so the deal to receive the money after 2 years will be better.

Select the statement below that is true of long run aggregate supply curves.

a. There is no relationship between price level and RGDP.
b. Changes in price level affect output.
c. There is a variable quantity of RGDP.

Answers

Answer:

There is no relationship between price level and RGDp

Answer:

(A) There is no relationship between price level and RGDP

After reading it write about whether or not you agree with the academic economic consensus that independent officials running the Federal Reserve are able to properly balance their dual mandate in a fair and balanced fashion with the needs of workers in one hand and the financial industry on the other. If you agree with the consensus view explain your reasons; or if you disagree and think that the officials are biased in favor of the financial industry explain your reasoning with some possible solutions to the problem. Write at least two paragraphs articulating your views.

Answers

Answer:

The Federal Reserve has been at times biased in favor of the financial industry, because they have often put inflation targeting above the need to reduce unemployment when executing monetary policy. Besides, the financial industry has often been rescued by massive loans from the Fed.

However, the Federal Reserve has also acted in favor of reducing unemployment, specially during recessions, by expanding the money supply through a policy known as quantitative easing.

In conclusion, we can say that the Fed tends to be biased in favor of the financial industry, but not at all times.

The ____________________ problem is the main source of market failure in the provision of nonexcludable public goods.

Answers

Answer: Free Rider

Explanation:

Non-excludable goods refers to public goods that are free to the public to use such goods and therefore there is no restriction to the  consumption of non-excludable goods because every single individual  has the right to access and consume it  For example,  Public parks, roads, and public infrastructures.

A non excludable good can overtime have a negative result in a community, because such good need to be constantly maintained so as to continue to be beneficial and  therefore may require small token of fair share among its consumers but there would always be some individuals who are referred to as Free Riders  who would rather use the good without paying for it and in the long run cause the good to not be adequate for all or difficult  to be maintained at its best resulting to failure in the provision of the non excludable public goods.

the free rider problem can be solved by

1. Government's intervention to subsidize the public good through fair distribution of tax, using the pay as you earn method .

2. Overused non excludable good can be privatized, ensuring that people who consume it, contribute to ts maintenance.

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?" you are most likely to use which of the following analytic applications?A) customer profitabilityB) propensity to buyC) customer attritionD) channel optimization

Answers

Answer:

B) Propensity to buy.

Explanation:

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?" you are most likely to use the propensity to buy.

Propensity to buy in marketing is a predictive model, which is used to measure or determine the chances of a customer being willing to buy a particular product.

In this scenario, to determine the likelihood of a customer clicking on an online advert and purchasing a seller's goods, after visiting a website or receiving promotional information about, it is ideal to use the propensity to buy analytic approach.

Calculate gross profit ratio and cost of goods sold Refer to the consolidated statements of earnings in the Campbell Soup Company annual report in the appendix.
Required:
a. Calculate the gross profit ratio for each of the past three years.
b. Assume that Campbell's net sales for the first four months of 2015 totaled 527 billion. Calculate an estimated cost of goods sold and gross profit for the four months.

Answers

Answer:

gross profit ratio = (total revenue - cost of goods sold) / total revenue

I looked for the missing information:

year                    total sales                   cost of goods sold

2012                    $7,175                            $4,365

2013                    $8,052                           $5,140

2014                    $8,268                           $5,370

   

a)

gross profit ratio:

2012 = ($7,175 - $4,365) / $7,175 = 39.16%

2013 = ($8,052 - $5,140) / $8,052 = 36.16%

2014 = ($8,268 - $5,370) / $8,268 = 35.05%

b)

since the gross profit margin ratio is decreasing every year, we can assume that it will keep decreasing in 2015. Using linear regression, the slope is -0.02055. So the estimated gross profit margin ratio for 2015 = 34.33%

estimated cogs (first four months of 2015) = $527 billion x (1 - 34.33%) = $346.08 billion

estimated gross profit (first four months of 2015) = $527 billion x 34.33% = $180.92 billion

MNM Foods Inc. manufactures jellies that are made out of gelatin in various fruit flavors. However, its sales dipped significantly in the last quarter. Research reveals that a significant amount of health benefits can be associated with the consumption of jellies. MNM Foods incorporates new promotion strategies to project the newly discovered health benefits. This is an example of:

Answers

Answer:

Product improvement

Explanation:

Product improvement is the process by which changes in products that attracts new customers or adds benefits for existing customers.

Companies can either add new product features or improve on existing features.

In this instance MNM Foods Inc. jellies sales dipped significantly in the last quarter. To increase sales they incorporated new promotion strategies to project the newly discovered health benefits.

This is a product improvement strategy that highlights health benefits of jellies to consumers.

TB MC Qu. 6-62 Gayne Corporation's contribution margin ratio is ... Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $51,000. If the company's sales for a month are $313,000, what is the best estimate of the company's net operating income

Answers

Answer:

$5,340

Explanation:

Gayne's corporation contribution margin ratio is 18%

= 18/100

= 0.18

The fixed monthly expenses is $51,000

The company sales for the month is $313,000

Therefore, the net operating income can be calculated as follows

= (Contribution margin ratio×sales)-fixed expenses

= (0.18× $313,000)- $51,000

= $56,340-$51,000

= $5,340

Hence the best estimate of the company's net operating income is $5,340

Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7,200). Dextra collects 7% sales tax. Record the entry for the $9,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
View transaction list
Journal entry worksheet
Record the cash sales and 9% sales tax.
Note: Enter debits before credits.
Date General Journal Debit Credit
Sep 30
Record entry Clear entry View general journal

Answers

Answer:

Sept 30

DR Cash ........................... $9,630

CR Sales ..........................................$9,000

CR Sales Tax Payable...................$630

(To record Sales and Sales taxes)

Working

Cash = 9,000 + (9,000 * 7%)

= $9,630

Sales tax = 9,630 - 9,000

= $630

Sept 30

DR Cost of Goods Sold .....................$7,200

CR Merchandise Inventory ...................................$7,200

(To record cost of goods sold)

Oct 15

DR Sales Tax Payable...........................$630

CR Cash...............................................................$630

(To record remittance of Sales Tax)

A subcontractor is responsible for outfitting six satellites that will be used for solar research. Four of the six have been completed in a total of 600 hours. If the crew has a 75% learning curve, how long should it take them to finish the last two units?

Answers

Answer: ∑Tₓ = 201.222

time required to complete the last two units is 201.222 minutes

Explanation:

Given that,

total time required to four units is 600 hours,

Learning curve applied is 75% and from the learning curve coefficient table, total time factor to complete four units at 75% learning curve is 2.946

so

∑Tₙ = T₁ × total time factor

{ ∑Tₙ is total time required to complete all the units which is 600 hrs, T₁ is Time for first unit, total time factor = 2.946 }

we substitute

∑T₄ = ∑T₁ × total time factor

600 = ∑T₁ × 2.946

∑T₁  = 600/2.946

∑T₁  = 203.666 minutes

Now to get the total time required to complete 6 units, we say:

∑T₆ = ∑T₁ × total time factor

Note that total time factor at this point changes;

( from the learning curve coefficient table, total time factor to complete 6 units at 75% learning curve is 3.934)

so we substitute

∑T₆ = 203.666 × 3.934

∑T₆ = 801.222

Now to find how long should it take them to finish the last two units, we say

∑Tₓ = ∑T₆ - ∑T₄

∑Tₓ = 801.222 - 600

∑Tₓ = 201.222

Therefore time required to complete the last two units is 201.222 minutes

The time required to complete the last two units is 201.222 minutes

Given data

Total time required to four units is 600 hours

Learning curve applied is 75% and 75% learning curve is 2.946

∑Tₙ = T₁ × total time factor

{ ∑Tₙ is total time required to complete all the units which is 600 hrs, T₁ is Time for first unit, total time factor = 2.946 }

we substitute

∑T₄ = ∑T₁ × total time factor

600 = ∑T₁ × 2.946

∑T₁  = 600/2.946

∑T₁  = 203.666 minutes

Now to get the total time required to complete 6 units, we say:

∑T₆ = ∑T₁ × total time factor

so we substitute

∑T₆ = 203.666 × 3.934

∑T₆ = 801.222

Now, we will find how long should it take them to finish the last two units

∑Tₓ = ∑T₆ - ∑T₄

∑Tₓ = 801.222 - 600

∑Tₓ = 201.222

In conclusion, the time required to complete the last two units is 201.222 minutes

Read more about Learning curve

brainly.com/question/5520587

"A retired customer that has a portfolio of blue chip stocks is looking to supplement his retirement income. An appropriate recommendation would be to:"

Answers

Answer: sell covered calls

Explanation:

A retired customer that has a portfolio of blue chip stocks is looking to supplement his retirement income. An appropriate recommendation would be to sell covered calls.

It should be noted that a covered call is a financial transaction that takes place when a call option is sold by an investor even though the investor still owns part of the security based on what's sold.

In 2017​, Lippart ​& Sons, a small​ environmental-testing firm, performed 11,000 radon tests for $330 each and 15,000 lead tests for $240 each. Because newer homes are being built with​ lead-free pipes,​ lead-testing volume is expected to decrease by 15​% next year.​ However, awareness of​ radon-related health hazards is expected to result in a 7​% increase in​ radon-test volume each year in the near future. Jim Lippart feels that if he lowers his price for lead testing to $220 per​ test, he will have to face only a 4​% decline in​ lead-test sales in 2018.Required:a. Prepare a 2018 sales budget for Hart & Sons assuming that Hart holds prices at 2017 levels. b. Prepare a 2018 sales budget for Hart & Sons assuming that Hart lowers the price of a lead test to $200.

Answers

Answer:

1.Radon Tests $3,884,100

Lead Tests $3,060,000

2.Radon Tests $3,884,100

Lead Tests $2,880,000

Explanation:

1.Preparation for 2018 sales budget for Hart & Sons

Lippart ​& Sons, 2017 Volume At 2017; Selling Prices

Radon Tests 11,000 $330

Lead Tests 15,000 $240

2018 Expected Change in Volume

Radon Tests 11,000 +7%

Lead Tests 15,000 -15%

Expected 2018 Volume

Radon Tests 11,000 *7% =$770

(11,000 +770)=$11,770

Lead Tests 15,000 *15%=$2,250

15,000-2,250=$12,750

Lippart ​& Sons Sales Budget For the Year Ended December 31,2018

Selling Price ×Units Sold = Total Revenues

Radon Tests 11,770*330=$3,884,100

Lead Tests 12,750*240=$3,060,000

2.1.Preparation for 2018 sales budget for Hart & Sons

Lippart ​& Sons, 2017 Volume At 2017; Selling Prices

Radon Tests 11,000 $330

Lead Tests 15,000 $200

2018 Expected Change in Volume

Radon Tests 11,000 +7%

Lead Tests 15,000 -4%

Expected 2018 Volume

Radon Tests 11,000 *7% =$770

(11,000 +770)=$11,770

Lead Tests 15,000 *4%=$600

15,000-600=$14,400

Lippart ​& Sons Sales Budget For the Year Ended December 31,2018

Selling Price ×Units Sold = Total Revenues

Radon Tests 11,770*330=$3,884,100

Lead Tests 14,400*200=$2,880,000

Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:

Common stock, $25 par value (no change during the year) $5,500,000
Preferred $5 stock, $100 par (no change during the year) 3,000,000

The net income was $502,000 and the declared dividends on the common stock were $55,000 for the current year. The market price of the common stock is $13.60 per share. For the common stock

Determine:
a. the earnings per share
b. the price-earnings ratio
c. the dividends per share
d. the dividend yield.

Answers

Answer:

a. the earnings per share  is $2.28

b. the price-earnings ratio is 5.96 times

c. the dividends per share  is $0.25

d. the dividend yield is 1.84%

Explanation:

a. the earnings per share

Earning per share is the net earning of the company against each outstanding share.

Earning per share = Net Income / Numbers of Outstanding shares

Earning per share = $502,000 / ($5,500,000/$25)

Earning per share = $502,000 / 220,000 = $2.28

b. the price-earnings ratio

Price earning ratio determines the impact of net income on market value of the share.

Price earning Ratio = Market Pice of stock / Earning per share

Price earning Ratio = $13.60 / $2.28

Price earning Ratio = 5.96

c. the dividends per share

Dividend per share is the value of dividend paid to each outstanding common share.

Dividend per share = Dividend declared / Numbers of outstanding shares

Dividend per share = $55,000 / 220,000 shares

Dividend per share = $0.25 per share

d. the dividend yield.

Dividend yield is the ratio of dividend per share and Market price per share.

Dividend Yield = Dividend Per share / Market price per share

Dividend Yield = $0.25 / $13.60 = 0.0184 = 1.84%

Rollins Corporation is estimating its WACC. Its target capital structure is 20% debt, 20% preferred stock, and 60% common equity. Its bonds have a 7.5% coupon, paid semi-annually, a current maturity of 20 years, and sell for $1,105.78. The firm could sell, at par, $100 preferred stock which pays a 8% annual dividend, but flotation costs of 5 percent would be incurred. Rollins' beta is 1.8, the risk-free rate is 2.45%, and the market risk premium is 5%. The firm's marginal tax rate is 40 percent.
A. What is the companyâs cost of preferred equity?
B. What is the companyâs cost of common equity?
C. What is the companyâs WACC?

Answers

Answer:

A. What is the company's cost of preferred equity?

8.42%

B. What is the company's cost of common equity?

11.45%

C. What is the company's WACC?

9.31%

Explanation:

20% debt ⇒ after tax cost of debt 3.76%

20% preferred stock ⇒ 8.42%

60% common equity ⇒ 11.45%

in order to determine the after tax cost of debt we must first determine the yield to maturity of debt:

approximate YTM = {37.5 +[(1,000 - 1,150.78)/40]} / [(1,000 + 1,150.78)/2] = 33.7305 / 1,075.39 = 3.3166% x 2 = 6.2732%

after tax cost of debt = 6.2732% x 0.6 = 3.76%

cost of preferred stocks = 8 / (100 x 0.95) = 8 / 95 = 8.42%

cost of equity (Re) = 2.45% + (1.8 x 5%) = 2.45% + 9% = 11.45%

WACC = (60% x 11.45%) + (20% x 8.42%) + (20% x 3.76%) = 6.87% + 1.684% + 0.752% = 9.306% = 9.31%

In Year 1 Jorge buys a home for $200,000, making a down payment of $40,000 and taking out a loan from the bank for $160,000 to finance the balance. In Year 5 the remaining loan balance is $130,000 while the home has increased in value to $270,000. Jorge refinances with a loan company that agrees to lend 125% of the value of the home, or $337,500, using $130,000 to repay the bank loan and providing $207,500 in cash. Jorge immediately spends $10,000 of the cash on a lavish vacation to the Bahamas, and $20,000 to pay down credit cards.

How much of the $337,500 home equity loan balance is allowable for calculating the home mortgage interest deduction on Jorge’s Year 5 tax return?

a. $270,000
b. $240,000
c. $230,000
d. $220,000

Answers

Answer:

Under current tax law, no option is correct. Before 2018, option C would have been right.

Explanation:

Currently under the Tax Cuts and Jobs Act (from Jan. 2018 until Dec. 2025) you can only deduct interests on mortgages used to purchase, build or improve your home. In this case, Jorge will only be able to deduct the interests paid on the $130,000 he owed for the first mortgage.

Interests on home equity loans will again be deductible (up to $100,000) starting Jan. 2026.

Capitalism is an economic system in which private property, markets, and firms play an important role. Based on this definition, which of the following statements is correct?
A. An economic system is a way of organising the production and distribution of goods and services in an entire economy.
B. The knowledge you attain from the CORE program is a private property.
C. Forced labor where the workers receive some daily allowance is a market.
D. Employee owned cooperatives are not firms.

Answers

Answer:

Correct Answer:

A. An economic system is a way of organizing the production and distribution of goods and services in an entire economy.

Explanation:

Capitalism, which is an economic system  in which a country's trade and industry are controlled by private owners for profit, rather than by the state helps in ensuring the adequate running of the country. It is a method whereby goods and services are organized in an entire economy through private investments and firms.

The first step in creating your personal marketing plan is to conduct a career audit.
Apply the "Evaluate your abilities" step in career audit on yourself including your work (if working), a
specific project you did, your academic progress or any major event(s) on your career path.

Answers

Answer:Personal marketing plan 1. Outline your distinctive price proposition. In selling, a press release that addresses distinctive variations between like product is thought as a “value proposition”. Triple-crown sales individuals knowledge to elucidate w

Explanation:

Effectiveness of a solution is equal to:_______

a. Quality of a Solution 20% (x) Acceptability of the Solution 80%
b. Quality of a Solution 80% (x) Acceptability of the Solution 20%
c. Quality of a Solution 10% (x) Acceptability of the Solution 90%
d. Quality of a Solution 90% (x) Acceptability of the Solution 10%
e. None of the above

Answers

Answer:

a. Quality of a Solution 20% (x) Acceptability of the Solution 80%

Explanation:

We say that a solution is effective i.e 100%, when it has a 20% of its quality and 80% of its acceptability.

A solution is effective when it has a 100% effect. The application of a solution to a problem which yields 100% effect is said to be effective and acceptable.

The scale used is the relationship given as:

Effectiveness of a solution = Quality of a Solution 20% (x) Acceptability of the Solution 80%

Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 13.6 percent and the standard deviation of those returns in this period was 43.86 percent. a. What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What about triple in value? (Do not round intermediate calculations and enter your answer as a percent rounded to 6 decimal places, e.g., .161616.)

Answers

Answer: a. 2.44%

b.  0.001070%

Explanation:

Given: The  returns from an asset are normally distributed with

[tex]\mu=\text{ 13.6 percent and }\sigma=\text{43.86 percent.}[/tex]

Let x be the percentage value of return.

a. Double in value in a single year i.e. 100% return.

z-value = [tex]\dfrac{x-\mu}{\sigma}[/tex]

[tex]=\dfrac{100-13.6}{43.86}=1.97[/tex]

Required probability = Right-tailed probability for Z = 1.97

= 0.0244   [By p-value calculator]

= 2.44%

b. Triple in value in a single year i.e. 200% return.

z-value = [tex]\dfrac{x-\mu}{\sigma}[/tex]

[tex]=\dfrac{200-13.6}{43.86}=4.25[/tex]

Required probability = Right-tailed probability for Z =4.25

=  0.0000107    [By p-value calculator]

= 0.001070%

The Asian Garden​, a local Thai​ restaurant, expects sales to be $ 285,000 in January. Its average customer restaurant bill is $ 15. Only 20 % of the restaurant bills are paid with​ cash; 60 % are paid with credit cards and 20 % with debit cards. The transaction fees charged by the credit and debit card issuers are as​ follows:Credit​ cards: $0.60 per transaction​ + 2 % of the amount chargedDebit​ cards: $0.55 per transaction​ + 1% of the amount chargedRequried:a. How much of the total sales revenue is expected to be paid in​cash?b. How many customer transactions does the company expect in​January?c. How much of the total sales revenue is expected to be paid with credit​ cards?d. How many customer transactions will be paid for by customers using credit​cards?e. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in credit card transaction​fees?f. How much of the total sales revenue is expected to be paid with debit​ cards?g. How many customer transactions will be paid for by customers using debit​cards?h. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in debit card transaction​fees?i. How much money will be deposited in the​ restaurant's bank account during the month of January related to credit and debit card​ sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant​(there is no processing​ delay).j. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from​ cash, credit​ card, and debit card​ sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

Answers

Answer:

a. How much of the total sales revenue is expected to be paid in​cash?

$855,000

b. How many customer transactions does the company expect in​January?

19,000

c. How much of the total sales revenue is expected to be paid with credit​ cards?

$171,000

d. How many customer transactions will be paid for by customers using credit​cards?

11,400

e. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in credit card transaction​fees?

$10,260

f. How much of the total sales revenue is expected to be paid with debit​ cards?

$57,000

g. How many customer transactions will be paid for by customers using debit​cards?

3,800

h. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in debit card transaction​fees?

$2,660

i. How much money will be deposited in the​ restaurant's bank account during the month of January related to credit and debit card​ sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant​(there is no processing​ delay).

$215,080

j. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from​ cash, credit​ card, and debit card​ sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

$272,080

Explanation:

total sales $285,000 / $15 = 19,000 customers

cash sales = $285,000 x 20%  = $57,000credit cards = $285,000 x 60%  = $171,000debit cards = $285,000 x 20%  = $57,000

credit card fees = (11,400 x $0.60) + ($171,000 x 2%) = $10,260

debit card fees = (3,800 x $0.55) + ($57,000 x 1%) = $2,660

The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $28 per unit. Calculate the breakeven quantity and determine the profit or loss amount when 1,500 units are produced. g

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

Unitary variable cost= $17

Selling price= $28 per unit.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 20,000 / (28 - 17)

Break-even point in units= 1,818 units

Now, the profit for 1,500 units:

Loss= 1,500*11 - 20,000= -$3,500

A written statement of what a job holder does, how it is done, under what conditions it is done, and why it is done is

Answers

Answer: Job description

Explanation:

A job description is a written statement that shows the responsibility of a worker in a particular organization. A job description can also include the details about the company such as the mission and vision of the company and its culture.

The job description is a written statement of what a job holder does, how it is done, under what conditions it is done, and why it is done.

Which of the following perspectives from the balanced scorecard approach helps managers answer the question, "How do we look to shareholders?

a. Learning and growth perspective
b. Internal business perspective
c. Customer perspective
d. Financial perspective

Answers

Answer:

d. Financial perspective

Explanation:

-Learning and growth perspective  focuses on the measures that the company can take to improve its performance.

-Internal business perspective  indicates if the internal performance is allowing to meet the customers' needs.

-Customer perspective  shows if the company is focused on the customers and on delivering value to them.

-Financial perspective indicates if the company's strategy is providing benefits and value to the shareholders.

According to this, the answer is that the perspective from the balanced scorecard approach that helps managers answer the question, "How do we look to shareholders?" is the financial perspective because it indicates the shareholders if the company is getting the economic results that are expected.

If the poverty trap were made even more difficult to overcome because a working mother will have extra expenses like transportation and child care that a non-working mother will not face, then:_______.
a. she will have a powerful incentive to work more than job.
b. the family better off than if she did not work at all.
c. her economic grains from working will be even smaller.

Answers

The question is incomplete:

If the poverty trap were made even more difficult to overcome because a working mother will have extra expenses like transportation and child care that a non-working mother will not face, then:_______.

a. she will have a powerful incentive to work more than one job.

b. the family better off than if she did not work at all.

c. her economic grains from working will be even smaller.

d. The future is even more attractive.

Answer:

c. her economic grains from working will be even smaller.

Explanation:

The poverty trap is a situation in which having more income results on losing benefits. In this case, the poverty trap is more difficult to overcome because a working mother will have a salary but this results on her having additional expenses that she would not have if she was not working and this decreases the benefits she gets by having a job. Because of that, the answer is that her economic grains from working will be even smaller.

The other options are not right because she won't have an incentive to work more than one job because that would increase expenses like child care, the family won't be better as a result of the additional expenses and because of that, the future won't be more attractive.

Answer:

c. her economic grains from working will be even smaller.

Explanation:

In economics, the poverty trap refers to certain circumstances that make it very difficult for a poor person to become middle or upper class, or increase their income even if they continue to fall under the poverty line.

Imagine a situation where you work for a very low salary, and besides that, you must spend a large portion of your salary paying for transportation and childcare costs. The gains resulting from your work will decrease compared to a situation where you worked in a business that was located at a walking distance and childcare services were provided for free. The economic equation is simple, the higher the costs, the less the profit.

An unfinished desk is produced for $36.00 and sold for $65.00. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $5.95. What is the differential revenue if you process further

Answers

Answer:

Differential revenue from further processing = $4.05

Explanation:

A business 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 .i.e $36 irrelevant to the decision to process further

The differential revenue if the desk is processed further would be the difference between the additional revenue from further process and the further processing cost.

                                                                                  $

Sales price after the split-off point                         75

Sales price at the split-off point                               65

Additional sales revenue                                         10

Further processing cost                                       (5.95)

Differential revenue from further processing        4.05

Differential revenue from further processing = $4.05

Indigo Corporation had the following tax information.
Year Taxable Income Tax Rate Taxes Paid
2015 $294,000 35% $102,900
2016 332,000 30% 99,600
2017 399,000 30% 119,700
In 2018, Indigo suffered a net operating loss of $487,000, which it elected to carry back. The 2018 enacted tax rate is 26%.
Prepare Indigo’s entry to record the effect of the loss carryback.
Account titles Debit Credit

Answers

Answer:

Explanation:

Given that:

Indigo Corporation had the following tax information.

Year      Taxable Income         Tax Rate               Taxes Paid

2015        $294,000                  35%                       $102,900

2016         332,000                    30%                        99,600

2017          399,000                    30%                       119,700

In 2018, Indigo suffered a net operating loss of $487,000, which it elected to carry back. The 2018 enacted tax rate is 26%.

The objective is to prepare the Indigo's entry to record the effect of the loss carryback.

The Income  Tax Refund Receivable = Taxable income(2018) × Tax rate(2018) + ( net operating loss - Taxable income(2018) )  × Tax rate(2018)

(332000 × 30%)+(476000-332000) × 30%

The Income  Tax Refund Receivable =  (332000 × 0.30)+(476000-332000) × 0.30

The Income  Tax Refund Receivable = 99600 + 144000× 0.30

The Income  Tax Refund Receivable = 99600 + 43200

The Income  Tax Refund Receivable = 142800

Therefore, Indigo Corporation ENtry can be prepared as follows:

Account titles                                        Debit          Credit

Income Tax Refund Receivable          142800

Benefit Due to Loss Carryback                             142800

To record the effect of the loss carryback

Companies whose stock is traded in a public market must report EPS in the notes of their financial statements. must report EPS on their income statement. must report EPS on their balance sheet. are not required to report EPS.

Answers

Answer:

The answer is B. must report EPS on their income statement

Explanation:

If a company's share is being traded publicly, its Earnings Per Share (EPS) must be shown on its income statement(Statement of profit or loss and other comprehensive income).

Earnings Per Share (EPS) is calculated as follows:

Earnings (profit after tax) ÷ total number of shares outstanding.

Note: EPS does not recognize/consider discontinue operations.

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