Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed
Explanation:
Since the registered investment adviser often recommends real estate limited partnership investments to her wealthy clients but she never buys limited partnership units for her personal account.
This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.
a project has a beta of 1/07, the risk free rate is 2.1% and the market risk premium is 8.4% the projected expected rate o return is
Answer:
11.09%
Explanation:
Correct word is "a project has a beta of 1.07, the risk free rate is 2.1% and the market risk premium is 8.4%.The project expected rate of return is?"
As per CAPM, Expected rate of return = Risk free rate + (Beta*Market risk premium)
Expected rate of return = 2.1% + (1.07*8.4%)
Expected rate of return = 2.1% + 8.99%
Expected rate of return = 11.09%
So, the project expected rate of return is 11.09%.
We have a $500,000 line of credit with a 10% compensating balance. The quoted interest rate is 4.5%. We need $200,000 for inventory for one year. What is the effective interest rate we are paying on this credit line
Answer:
5.0%
Explanation:
Calculation to determine the effective interest rate we are paying on this credit line
First step is to calculate cost of inventory we need
Inventory=$200,000/(1 - 0.10)
Inventory=$222,222
Second step is to calculate Interest paid
Interest paid = $222,222(.045)
Interest paid= $9,999.99
Interest paid=$10,000 (Approximately)
Now let calculate the Effective rate
Effective rate =$10,000/$200,000
Effective rate= 0.05*100
Effective rate=5.0%
Therefore the effective interest rate we are paying on this credit line is 5.0%
if potential output declines while actual output remains unchanged, what does the Taylor rule imply that policymakers should do to the fed funds rate
Answer:
Increased
Explanation:
In the case when there is a fall in the potential output and at the same time the actual output remains the same so here the fund rate should be increased as per the taylor rule as it decrease the output that result in the output gap to fall
So as per the given situation, the fed fund rate should be increased
Hence, the same is to be increased
Henry had to change the grades of four different students. He did so using his query that was calculating his grades. When he went back to the table, he should expect that
A. the new data was missing.
B. the table was also changed.
C. the new data was added to the table along with the old data.
D. the table required a new query to continue calculations.
Answer:
B. the table was also changed.
Explanation:
Took the test
Martin's coin collection contains hundred 1960 silver dollars. Her grandparents purchased them at their face value ($50 each) in 1960. These coins have appreciated by 3.2 percent annually. How much will the collection be worth in 2020
Answer:
FV= $33,094.2
Explanation:
Giving the following information:
Present value (PV)= 50*100= $5,000
Number of periods (n)= 2020 - 1960= 60 years
Apreciation rate (g)= 3.2% = 0.032
To calculate the value of the collection in 2020, we need to use the following formula:
Future value= PV*(1 + g)^n
FV= 5,000*(1.032^60)
FV= $33,094.2
Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $3.40. You believe that dividends will grow at a rate of 19.0% per year for two years, and then at a rate of 7.0% per year thereafter. You expect the stock will sell for $17.17 in two years. You expect an annual rate of return of 22.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now
Answer:
$18.09
Explanation:
The computation of the current stock price is shown below:
Particulars Dividend or amount PVIF at 22% Present value
D1 $4.05 0.820 $3.32
($3.40 × 1.19)
D2 $4.81 0.672 $3.23
($4.05 × 1.19)
Stock price in 2 years $17.17 0.672 $11.54
Current stock price $18.09
A company that maintains its books and records under IFRS is applying the revaluation model to a certain fixed asset. In previous years, the value of the asset had declined. In the current year, however, the asset has appreciated in value by an amount that is greater than the cumulative decrease that had occurred previously. How will the company report the asset on the year-end balance sheet for the current year
Answer: See explanation
Explanation:
The revaluation model is when the fixed asset of a business or an organization is carried at its revalued amount.
Based on the question asked, the asset will be valued based on the new fair value with regards to the increase. It should be noted that the remainder recognized will then be recognized in the other comprehensive income.
The Robinson Company reported net income of $90,000 in 2010. Additional information follows:Depreciation expense$18,000Loss on sale of equipment 10,000 Gain on sale of land 17,000 Given just this information, what was the Robinson Company's net cash provided by operating activities in 2010
Answer:
$101,000
Explanation:
With regards to the above information , the net cash provided by operating activities is computed as;
Net income
$90,000
Add:
Depreciation expense
$18,000
Add:
Loss on sale of equipment
$10,000
Less:
Gain on sale of land
($17,000)
Net cash provided by operating activities
$101,000
Therefore, Robinson company's net cash provided by operating activities is 2010 is $101,000
Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover repair year-end expenses of $2,000, $2,000, $4,000, and $5,000, respectively, for the next 4 years. If the interest rate is 6%, what is the worth of the extended warranty
Answer:
$10,985.73
Explanation:
The worth of the extended warranty in today's terms is the present value of all year-end repair expenses expected to be incurred in extending the warranty whereby the interest rate of 6% is the appropriate discount rate in this case as shown thus:
Present value of a future cash flow=cash flow/(1+discount rate)^n
n is the year in which the cash flow is expected, it is 1 for year 1 repair expenses , 2 for year 2 and so on.
PV of repair expenses=$2000/(1+6%)^1+$2000/(1+6%)^2+$4000/(1+6%)^3+$5000/(1+6%)^4
PV of repair expenses= $10,985.73
doug purchased a new factory building on january 15 2001 for 400,000. on march 1 2020 the building was sold. determine the cost recovery percentage for the year of the sale
Answer:
The answer is "[tex]2.5640\%[/tex]"
Explanation:
Cst deduction on recovery for the sales year:
[tex]= \$400,000 \times 0.02564 \times \frac{2.5}{12}\ months \\\\ =\$ 2,136.67\\[/tex]
Recovery of Costs Percentage for sales year:
[tex]= 2.5640\%[/tex]
Vista Company is consideringt two new projects, each requiring an equipment investment of $97,000. Each project will last for three years and produce the following cash inflows:
Year Cool Hot
1 $38,000 $42,000
2 43,000 42,000
3 48,000 42,000
129,000 $126,000
The equipment will have no salvage value at the end of its three-year life. Vista Company uses straight-line depreciation and requires a minimum rate of return of 12%.
Present Value of 1 Present Value of an Annuity of 1
Period 12% Period 12%
1 0.893 1 0.893
2 0.797 2 1.690
3 0.712 3 2.402
Required:
a. Compute the net present value of each project.
b. Compute the profitability index of each project.
c. Which project should be selected? Why?
Answer:
a. Net Present Value of Cool:
= Present value of cash inflows - Initial investment
= ∑(Cash flows * Present value factor) - Initial investment
= (38,000 * 0.893) + (43,000 * 0.797) + (48,000 * 0.712) - 97,000
= 102,381 - 97,000
= $5,381
Net Present value of Hot.
Cashflows are constant so this is an annuity:
= Cashflow * Present value interest factor of annuity - Initial investment
= 42,000 * 2.402 - 97,000
= 100,884 - 97,000
= $3,884
b. Profitability index for Cool:
= Present value of inflows / Initial investment
= 102,381 / 97,000
= 1.06
Profitability index for Hot:
= 100,884 / 97,000
= 1.04
c. Project Cool should be selected because it has a higher Net Present Value.
when establishing corporate entrepreneurship and an organization rewards should:
Answer: be tied to the performance of the entrepreneurial unit created from the idea.
Explanation:
Corporate Entrepreneurship refers to the process that's used in the development of new businesses, or products, in an existing organization for the creation of value and the generation of new revenue growth.
When establishing corporate entrepreneurship and an organization rewards should be tied to the performance of the entrepreneurial unit that was created from the idea.
January 2, 2018, Cullumber, Inc. purchased a patent for a new consumer product for $810000. At the time of purchase, the patent was valid for 15 years; however, the patent’s useful life was estimated to be only 10 years due to the competitive nature of the product. On December 31, 2021, the product was permanently withdrawn from the market under governmental order because of a potential health hazard in the product. What amount should Cullumber charge against income during 2021, assuming amortization is recorded at the end of each year?
Answer:
Cullumber, Inc.
The amount that Cullumber should charge against income during 2021 is:
= $567,000.
Explanation:
a) Data and Calculations:
Cost of a purchased patent = $810,000
Estimated useful life = 10 years
Annual amortization expense = $81,000
Accumulated amortization for 3 years = $243,000 ($81,000 * 3)
Book value of patent on December 31, 2021 = $567,000 ($810,000 - $243,000)
The remaining book value should be charged against income in 2021 because of the withdrawal of the product.
Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is $15.00. Holding cost is $0.25 per cassette per year. a. How many tapes should Babble order at a time?
Answer:
The appropriate solution is "764".
Explanation:
Given:
Demand per month,
D = 405
or,
= [tex]405\times 12[/tex]
= [tex]4860[/tex]
Ordering cost,
S = $15
Holding cost,
H = $0.25
As we know,
⇒ [tex]EOQ=\sqrt{\frac{2DS}{H} }[/tex]
⇒ [tex]=\sqrt{\frac{2\times 4860\times 15}{0.25} }[/tex]
⇒ [tex]=\sqrt{\frac{145800}{0.25} }[/tex]
⇒ [tex]=\sqrt{583200}[/tex]
⇒ [tex]=763.67[/tex]
or,
⇒ [tex]=764[/tex]
The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January 15 Beginning Inventory 80 $126 $10,080 March 20 Purchase 30 120 3,600 June 21 Purchase 20 126 2,520 October 12 Purchase 15 122 1,830 December 29 Purchase 10 122 1,220 Total available for sale 155 $19,250 If 36 mountain bikes were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing
Answer:
$4,536
Explanation:
LIFO assumes that the units to arrive last will be sold first. Hence inventory valuation is based on the prices of earlier units.
Ending Inventory = 36 x $126 = $4,536
The value of the ending inventory using the LIFO method of inventory pricing is $4,536.
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the full context of each organization, using multiple sources of information and identifying the relationship between managerial decisions and success. This is an example of a(n) _______.
On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it reacquired 2,400 shares; on July 1, it issued 10,800 shares; on October 1, it issued another 9,600 shares; and on December 1, it reacquired 900 shares. What was the weighted average number of common shares outstanding for 2016
Answer: no clue bro.. im just tryna get points.. im only in 6th grade
Explanation:
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Three major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands): YRC Union Pacific C.H. Robinson Sales $4,697,500 $19,941,000 $13,144,413 Average total assets 1,824,700 55,159,000 3,436,058 a. Determine the asset turnover for all three companies. Round to one decimal place. YRC Worldwide fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson Worldwide fill in the blank 3 b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the efficient a firm is in using assets.
Answer and Explanation:
The computation is shown below:
a) Assets turnover
Particulars YRC UNP CH
Sales $4,697,500 $19,941,000 $13,144,413
Average total assets $1,824,700 $55,159,000 $3,436,058
Assets turnover 2.6 0.4 3.8
b. The ratio of sales to assets calculated the sales dollars i.e. earned for each assets. The more the no of sales dollars the more the firm would be considered efficient
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.4 hours Standard variable overhead rate $12.80 per hour The following data pertain to operations for the last month: Actual hours 2,650 hours Actual total variable manufacturing overhead cost $34,570 Actual output 150 units What is the variable overhead efficiency variance for the month
Answer:
See below
Explanation:
Given the following;
Standard hours per unit of output 6.4 hours
Standard variable overhead rate $12.80 per hour
Actual hours 2,650 hours
Actual output 150 units
To calculate the variable overhead efficiency variance, we will use the formula below;
Variable overhead efficiency variance
= (Standard quantity - Actual quantity) × Standard rate
Standard quantity = 150 units × 6.4 = 960
Variable overhead efficiency variance
= (960 - 2,650) × $12.80
= $21,632 unfavourable
Where can you find detailed information about your registration, classes, finances, and other personal details
Answer:
Student file in the administration department.
Explanation:
There is a separate file maintained for every student in which there are complete details mentioned about the profile of the student. There is also details of finances, registration and some personal details. These details are kept in a secure file. Some universities also maintain soft copy of these data.
projects variable labor costs of $21,500 in March when 8,600 units are produced. If production is expected to drop to 8,000 units in April, what is the expected labor cost in April
Answer:
Total direct labor cost=$20,000
Explanation:
First, we need to calculate the direct labor cost per unit:
Direct labor cost per unit= total cost / number of units
Direct labor cost per unit= 21,500 / 8,600
Direct labor cost per unit= $2.5
Now, the total cost for 8,000 units:
Total direct labor cost= 2.5*8,000
Total direct labor cost=$20,000
Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price
Question Completion:
A manufactured product has the following information for June.
Standard Actual
Direct materials 6 lbs. at $8 per lb. 48,500 lbs. at $8.10 per lb.
Direct labor 2 hrs. at $16 per hr. 15,700 hrs. at $16.50 per hr.
Overhead 2 hrs. at $12 per hr. $198,000
Units manufactured 8,000
Answer:
Direct materials price variance = $4,850 U
Direct materials quantity variance = $4,000 U
Explanation:
a) Data and Calculations:
Actual Standard
Direct materials price per lbs $8.10 $8.00
Direct labor rate per hour $16.50 $16.00
Quantity:
Direct materials 48,500 48,000 (6 * 8,000)
Direct labor hours 15,700 16,000 (2 * 8,000)
Direct materials price variance = SP - AP * AQ
= $8 - $8.10 * 48,500
= $0.10 * 48,500
= $4,850 U
Direct materials quantity variance = SQ - AQ * SP
= 48,000 - 48,500 * $8
= $4,000 U
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 89100 units were started into production in January; and there were 19200 units that were 50% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of January?
Answer:
the equivalent units of production for materials for the month of January is 89,100 units
Explanation:
The computation of the equivalent units of production for materials for the month of January is shown below:
= Units completed + completed units in ending inventory
= (89,100 units - 19,200 units) + 19,200 units
= 69,900 units + 19,200 units
= 89,100 units
hence, the equivalent units of production for materials for the month of January is 89,100 units
"Lean supply chain management focuses on eliminating waste: Group of answer choices in a firm's sourcing and logistics activities. within a firm's internal operations. in flows of information and money among supply chain partners. in all of the above areas."
Answer:
in all of the above areas.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.
II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.
III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.
Hence, Lean supply chain management focuses on eliminating waste:
I. In a business firm's sourcing and logistics activities.
II. In the internal operations of a business firm.
III. In flows of information and money among various supply chain partners.
Drag each label to the correct location on the image.
Match each adjustment for reconciling a checking account to the correct document.
Adjust Bank Statement
Adjust Check Register
deduct bank
deduct
add interest earned
add outstanding
deposits
service
outstanding
charges
checks
Answer:
Adjust Bank Statement = (Deduct outstanding checks),(Add Outstanding Deposits).
Adjust Check Register = (Deduct bank service charges),(Add interest earned).
Explanation:
Just completed this on Edmentum/PLATO got 100%
Adjust Bank Statement :Deduct ,outstanding, checks, Add Outstanding Deposits.
Adjust Check Register : Deduct bank, service charges , Add interest earned.
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors. Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank.
What does balancing a check register mean?Balancing your checkbook, which is also known as reconciling your account, is basically about making sure that the records you have kept for your financial transactions match those the bank lists on your statement.
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Coronado Company has the following equivalent units for July: materials 19000 and conversion costs 18800. Production cost data are: Materials Conversion Work in process, July 1 $ 7800 $ 2000 Costs added in July 53000 45000 The unit production costs for July are: Materials Conversion Costs
Answer:
1. Per unit material cost = (Beginning WIP cost + Cost added) / Equivalent units for material
Per unit material cost = ($7,800 + $53,000) / $19,000
Per unit material cost = $60,800 / $19,000
Per unit material cost = $3.20
2. Per unit conversion cost = (Beginning WIP cost + Cost added) / Equivalent units for conversion
Per unit conversion cost = ($2,000 + $45,000) / $18,800
Per unit conversion cost = $47,000 / $18,800
Per unit conversion cost = $2.50
When a Sally assesses the external competitive environment facing her firm, she labels anything that would make it harder for her firm to be successful as a(n)
Answer:
threats
Explanation:
In a scenerio When a Sally assesses the external competitive environment facing her firm, she labels anything that would make it harder for her firm to be successful as threat. Threat are any activity that lowers the development of a firm or that doesnt allow bit to thrive in the market and the is usually as a result of competitive environment .
Competitive environment can be regarded as system in which different businesses makes competition among themselves with the utilization of various promotional strategies,
marketing channels as well as pricing methods.
Weekly News, Inc., publishes a weekly newspaper 52 weeks out of the year. The company sells one-year subscriptions to its newspaper for $52 collected in advance. During its first year of operations, the company sold subscriptions to 1,000 customers. By the end of that first year, on average, customers had received 13 weekly copies. What is the amount of subscription revenue that should be reported on the income statement for that first year of operations
Answer:
13000
Explanation:
13*1000
If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is Group of answer choices
Each sneaker requires 2 hours of direct labor time. Direct labor wages average $15 per hour. Monthly overhead averages $10 per direct labor hour plus fixed overhead of $4,500. What is the direct labor cost budgeted for September
Answer:
the direct labor cost budgeted is $1,500,000
Explanation:
The computation of the direct labor cost budgeted is given below:
The Direct labor budget for September is
= September production × required no of hours × direct labor wage per hour
= 50,000 × 2hour × $15
= $1,500,000
hence, the direct labor cost budgeted is $1,500,000