The following items from a 12- month inventory purchases budget are presented on the pro forma financial statements are desired ending inventory (i.e. ending inventory) for the last month, and total cost of goods sold (i.e. cost of budgeted sales) for the twelve months.
The financial position and actions of a corporation are documented in its financial statements throughout a given time period. A company's financial health and success are shown via its financial statements. The income statement, balance sheet, and cash flow statement are considered to be the three fundamental financial statements.
Financial statements including the cash flow statement, balance sheet, and income statement must be prepared. With the use of these three statements, traders may learn more about a company's financial health and underlying worth. They also serve as useful tools for analyzing a company's financial strength.
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What is the major difference between a nationwide bank and a community bank?
The community bank offers more services.
The nationwide bank services only local customers.
The nationwide bank has fewer branches.
The community bank services only local customers.
Answer:
the community banks services only local customers
Explanation
just took the test no cap answer made the most sense and got it correct
The community bank services only local customers is the major difference between a nationwide bank and a community bank. Hence, option D is correct.
What is community bank?The publicly traded lender offers home and business loans, checking and savings accounts, and a "Community Cash" service that lets users send and receive money without having bank accounts.
Local Awareness Community banks concentrate their lending on the areas where their depositors live and work, encouraging the development of nearby businesses and communities. This is in contrast to larger banks, which may accept deposits in one state while making loans in another.
Community banks are often more flexible and understanding when it comes to loans and accounts than national banks, which have rigorous guidelines and restrictions. They usually set lower prices for their goods and services in compared to their bigger rivals.
Thus, option D is correct.
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Pharoah Co. receives $328,800 when it issues a $328,800, 10%, mortgage note payable to finance the construction of a building at December 31, 2020. The terms provide for annual installment payments of $54,800 on December 31.Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Date Account Titles and Debit CreditExplanationDec. 31, 2020Dec. 31, 2021Dec. 31, 2022Dec. 31, 2020Dec. 31, 2021Dec. 31, 2022Dec. 31, 2020Dec. 31, 2021Dec. 31, 2022
The journal entries for the issuance and the first two payments of Pharoah Co.'s mortgage notes payable are:
The issuance:
December 31, 2020
PPE - Asset $328,800
Notes Payable $328,800
First payment:
December 31, 2021
Notes payable $21,920
Interest expense $32,880
Cash $54,800
Second payment:
December 31, 2022
Notes payable $24,112
Interest expense $30,668
Cash $54,800
From the case, we know that:
Notes payables = $328,800
Interest rate = 10%
PMT = $54,800
The Issuance of Mortgage Notes PayableThe issuance of mortgage notes payable should be recorded on its initial value of the notes payable, $328,800.
The First PaymentThe first interest payment should use the initial value of the notes payable, to find the notes payable paid in this payment.
Interest expense = interest rate x residual value of notes payable
Interest expense = interest rate x initial value of notes payable
Interest expense = 10% x $328,800
Interest expense = $32,880
The notes payable paid on the first payment should be the residual PMT less by the interest expense for the period.
Notes payable paid = PMT - Interest expense
Notes payable paid = $54,800 - $32,880
Notes payable paid = $21,920
The Second PaymentOn the second payment, the interest expense paid should use the residual value of the notes payable.
Residual value of Notes payable = initial value of notes payable - Notes payable paid
Residual value of Notes payable = $328,800 - $21,920
Residual value of Notes Payable = $306,680
Interest expense = interest rate x residual value of notes payable
Interest expense = 10% x $306,680
Interest expense = $30,668
The notes payable paid on the first payment should be the residual PMT less by the interest expense for the period.
Notes payable paid = PMT - Interest expense
Notes payable paid = $54,800 - $30,668
Notes payable paid = $24,112
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which of the following statements about the correlation coefficient is false? group of answer choices the value ranges between -1 and 1. a value of 1 implies that the returns for the two stocks move together in a completely linear manner. a value of -1 implies that the returns move in a completely opposite direction. a value of 0 implies that the returns are independent. none of the above (that is, all statements are true)
A correlation coefficient is a numerical measure of some type of correlation, meaning a statistical relationship between two variables.[a] The variables may be two columns of a given data set of observations,
often called a sample, or two components of a multivariate random variable with a known distribution.[citation needed] Several types of correlation coefficient exist, each with their own definition and own range of usability and characteristics. They all assume values in the range from −1 to +1, where ±1 indicates the strongest possible agreement and 0 the strongest possible disagreement.[2] As tools of analysis, correlation coefficients present certain problems, including the propensity of some types to be distorted by outliers and the possibility of incorrectly being used to infer a causal relationship between the variables (for more, see Correlation does not imply causation).
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What is the range for the section scores and the total score according to the "Scores" web page?
Based on the scores web page of the SAT exams, the range for the section scores and the total score according to the "Scores" web page is 400–1600.
What is the SAT exam?SAT exam is a standardized test widely carried out for college admissions in the United States.
Following its inception in 1926, the SAT name and scoring have changed several times; it was initially called the Scholastic Aptitude Test, and then later changed to the Scholastic Assessment Test, then the SAT I: Reasoning Test, then the SAT Reasoning Test, then simply the SAT.
Various sections of SAT exams are the following:Reading TestWriting and Language TestMathematicsSAT exams are known for their difficulty, especially the Mathematical sections. Generally, it is believed that mathematics is more difficult as people tend to score lower marks compared to the verbal sections.
Also, the total score is the sum of the two section scores which ranges between 400 - 1600.
Hence, in this case, it is concluded that the correct answer is 400 - 1600
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Which of the following statements about political action committees (PACs) is true?
answer choices
PACs may give unlimited contributions to the election campaigns of individual candidates.
PAC spending has not kept pace with inflation.
PAC activity is limited to direct contributions to candidates.
Social issue groups are the source of most PAC dollars.
PAC spending makes up a higher percentage of congressional campaign funds than of presidential campaign funds.
The true statement about Political Action Committees is: PAC spending makes up a higher percentage of congressional campaign funds than of presidential campaign funds (E).
Political Action Committee or PAC is an organization used to raise and distribute campaign funds to candidates seeking political office. PAC pools campaign contributions from its members and donates those funds to campaigns for or against candidates, ballot initiatives or legislation. PAC can be used by corporations, labor unions, and other special-interest groups to influence the political process.
PAC is regulated by the Federal Election Commission (FEC) and responsible to disclose their donors and expenditures periodically. An individual is limited to contribute up to $5,000 annually to PAC. However, PAC can receive an unlimited amount of money from both individuals and corporations. PAC may distribute unlimited amounts of money to candidates and parties but not directly to campaign.
There are 5 types of PACs:
Separate segregated fundsNonconnected committeesSuper PACsHybrid PACsLeadership PACsSeparate segregated funds or SSF is an PAC established by corporations, labor unions, membership organizations, or trade associations. This kind of PAC has limited contribution source, only from individuals associated or connected with the sponsoring organization.
Nonconnected Committees is the direct opposite of SSF. This kind of PAC is not sponsored by any specific entities or organizations and accept contributions from the general public. Nonconnected committees are not related to any corporation or union and typically formed to support state or local candidates or to address a single issue.
Super PACs is a nonconnected PAC that allows to raise unlimited contributions from individuals, corporations, and unions. Super PACs are not allowed to directly coordinating with any candidates or parties. Super PACs are only allow to make independent expenditures.
Hybrid PACs accept unlimited contributions from unlimited resources to a segregated bank account to financing independent expenditures. Hybrid PACs are the combination between the regular PAC and Super PAC concepts. Hybrid PACs have to maintain a separate bank account, subject to all the statutory amount of limitations and source of prohibitions.
Leadership PAC is established by a candidate or individual aiming or holding federal office position. Leadership PAC is financed, maintained, and controlled by its founder and usually created to support the canditiate for various federal and nonfederal offices. Leadership PAC is limited to only contributed up to $5,000 per election to a federal candidate committee.
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mateo is a sales representative for a pharmaceutical company and works with orthopedic surgeons who perform joint replacement surgery. mateo's company is well known for its high-quality products and has become a preferred brand for many physicians. recently, mateo was asked to provide an estimate of the amount of product he thought would be purchased within his territory over the next year. this is an example of the method of forecasting demand.
The above given is an example of the method of forecasting demand.
Understanding and predicting consumer demand is the process of making informed judgments about the supply chain, profit margins, cash flow, capital expenditures, capacity planning, and other factors. Often, but not always, by looking at historical data, demand forecasting aids organizations in estimating the total sales and revenue for a future period of time.
Through a number of forecasting techniques, demand forecasting enables manufacturing organizations to understand what their customers' demands are. Predictive analysis, conjoint analysis, client intent surveys, and the Delphi Method of forecasting are some of these techniques.
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If there are shipping cost economies that result from bundling orders for different items together, the ________ model becomes a relatively more attractive option.
multi-period
multi-item
fixed-order-quantity
fixed-order-interval
reorder-point
The inventory level that prompts a replenishment of that specific stock is known as the reorder point (ROP). It is the minimum quantity of a product that a company has on hand,
reorder point below which the product must be ordered again. reorder point is typically determined by adding safety stock to the projected usage during the lead period for replenishment. It was assumed in the EOQ (Economic Order Quantity) model that there is no delay between placing an order and receiving the materials. When the inventory level reaches zero, it is time to place an order to replenish the supply. The level of inventory increases from zero to the original level due to the immediate replenishment of stock.
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E11-15 (Algo) Journalizing Cash Dividends [LO 11-3) 6 Bogscraft Company has outstanding 70,000 shares of $10 par value common stock and 27,000 shares of $20 par value preferred stock (8 percent). On February 1, the board of directors voted in favor of an 8 percent cash dividend on the preferred stock. The cash dividends were paid on March 15. The company closed its books at its fiscal year-end, June 30. onts Required: Prepare journal entries to record the events on (a) February 1. () March 15, and (June 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) cBook View transaction list Print Journal entry worksheet 1 3 Record the declaration of a cash dividend of 8 percent to the 27,000 shares $20 par value preferred stock outstanding. Note: Enter debits before credits. General Journal Debit Credit Date February 01 Record entry Clear entry View general Journal
We should record the announced dividends and the resulting obligation to pay dividends on February 15. We noted the decline in the cash assets and liabilities account on March 15; the dividends account was closed to retained earnings on June 30 (the year's end):
What distinguishes a cash dividend from a stock dividend?When a firm pays out cash dividends, its profits are not reinvested in the company's operations. As opposed to stock dividends, which exclusively involve the issuance of the firm's own stock to equity owners, stock dividends don't need a corporation to use its cash reserves or profits.
Who qualifies for a cash dividend?You must own the stock in your demat on the settlement date of the dividend issue in order to qualify for dividends. To ensure that the stocks arrive in your demat account by the record date, you should have purchased the stock at minimum one day before the ex-date.
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Intel's approach to equipment contracts is considered an example of real options analysis in action because the company ________ that give(s) Intel ________.
Multiple Choice
• purchases large quantities of key equipment; the ability to meet whatever demand is in the marketplace
• makes a small initial investment; the right to decide if it really wants to buy the equipment later
• uses innovative computer models; an advantage in negotiating contracts
• makes a large initial investment; the ability to acquire key equipment when and if it is needed
• uses options contracts; lower prices for its key equipment
Intel's approach to equipment contracts is considered an example of real options analysis in action because the company makes a large initial investment that give(s) the ability to acquire key equipment when and if it is needed. Option D is correct.
What is Intel?The headquarters of the American technology business Intel Corporation are in Santa Clara, California. It is one of the creators of the x86 series of instruction sets, which are the ones used in the majority of personal computers, and the largest manufacturer of semiconductor chips in the world by revenue.
Further the computer industry expanded quickly in the 1990s, Intel made significant investments in fresh microprocessor designs.
During this time, Intel established itself as the leading provider of PC microprocessors and was well-known for using aggressive and anti-competitive strategies to maintain its market position.
Thus option D is correct.
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Collusion happens when suppliers come together to fix prices and output in order to manipulate the marketplace. This activity is perfectly legal in the United States.true or false
True, Collusion happens when suppliers come together to fix prices and output in order to manipulate the market place. This activity is perfectly legal in the United States.
What is Collusion ?Collusion is a non-competitive, secret, and sometimes illegal agreement between competitors that seeks to unbalance the market. Collusion involves people or companies, usually competing with each other, conspiring to work together to gain an unfair advantage in a market.Collusion is a type of fraud that occurs when people work together to develop a task that is an individual effort. It's copying someone else's work, or allowing someone else to copy your work.An example of collusion is secret agreements between companies to fix prices. Such agreements can be made completely informally.In fact, it may not even require proof that a company had any contacts to enforce competition practices.to learn more about Collusion from the given link :
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Look at the figure Fiscal Policy Choices. If the government uses discretionary fiscal policy for the economy in panel (a) when real GDP is Y1, government spending is likely to be _____ and taxes are likely to be _______.
1.) increased; cut
2.) increased; increased
3.) reduced; cut
4.) reduced; increased1.) increased; cut
If the government uses discretionary fiscal policy for the economy in panel (a) when real GDP is Y1, government spending is likely to be increased and taxes are likely to be cut. Therefore, option (1) is the correct answer.
The use of taxation and expenditure by the government to impact the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and lower poverty. The current global economic crisis brought greater attention to the function and goals of fiscal policy as governments intervened to protect financial institutions, spur economic growth, and lessen the crisis's effects on vulnerable populations.
Fiscal and monetary policy are the two main tools available to policymakers when they want to affect the economy. The money supply is influenced by changes in interest rates, bank reserve requirements, the buying and selling of government securities, and foreign exchange, all of which are indirectly targeted by central banks. Governments have an impact on the economy via altering tax rates and types, spending amounts and types, and borrowing amounts and types.
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During 2021, Barry (who is single and has no children) earned a salary of $13,100. He is age 30. His earned income credit for the year is: a. $323. b. $1,274. c. $1,502. d. $0.
Barry received a $13,100 salary in 2021. He is thirty years old. His yearly earned income credit is $1,502. Here option C is the correct answer.
The Earned Income Tax Credit (EITC) is a labor credit that might lessen your federal tax liability or give you money back at tax time. The most important need is to have a job that earns money. Any federal taxes you owe at tax time may be canceled out by the credit.
All taxable income and earnings that you receive from working for someone else, for yourself, or from a farm or business that you own are included in your earned income. According to the EIC tables supplied by the IRS for the year 2021, a single person filing without children who has an AGI of up to $21,430 is eligible to get an EIC of $1,502.
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The financing cycle includes procedures for authorizing, executing, and recording transactions that involve: (Select all that apply)
a. mortgages
b. deferred taxes
c. unearned revenues
d. bank loans
e. capital stock
The financing cycle includes procedures for authorizing, executing, and recording transactions that involve:
a. Mortgages
d. Bank Loans
e. Capital Stock
a. Mortgages - This involves a lender providing a loan to a borrower, secured by the borrower's property (i.e. a house). The lender and borrower typically enter into a contract that outlines the terms of the loan, such as the interest rate, repayment period, and other conditions.
d. Bank loans - This involves a lender providing a loan to a borrower, typically secured by the borrower's assets. The lender and borrower typically enter into a contract that outlines the terms of the loan, such as the interest rate, repayment period, and other conditions.
c. Capital stock is the total amount of money a company has to use for investments, operations, and other purposes. It consists of the company's issued shares of common and preferred stock and is obtained from the sale of these shares or from borrowing funds. The capital stock is also known as share capital, shareholder's equity, or a company's net worth.
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Earl was known for driving 30 miles to save a dollar on the price for his favorite beverage. Earl perceived price as ____, while most recognize ____ madeMoney Paid, Overall sacrifice
Earl was known for driving 30 miles to save a dollar on the price for his favorite beverage. Earl perceived price as Money Paid, while most recognize Overall sacrifice made.
A skimming rate is a excessive rate meant to 'skim the cream of the marketplace'. It is great hired on the begin of a product's life (cycle) while the product is novel and clients are unsure approximately its value. For example, pocket calculators first bought at charges of round Rs 800.
Consider a farmers marketplace wherein every seller sells the identical kind of jam. There is little differentiation among every in their merchandise, as they use the identical recipe, and that they every promote them at an identical rate.
The above 3 situations of huge wide variety of consumers and sellers, homogeneous merchandise and freedom of access and go out are vital situations of natural competition, whereas absence of delivery cost isn't an vital condition.
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True or False: From a functional viewpoint, a nation's balance-of-payments can be grouped into the following categories: the current account, which refers to the monetary value of international flows associated with transactions in goods, services, income flows, and unilateral transfers and the capital and financial account, which includes all international purchases and sales of assets
From a functional viewpoint, a nation's balance of payments can be grouped into current account and capital account - True
The difference between the total quantity of goods that a country sells and the total amount of goods that the country buys is known as the balance of trade. In contrast, a country's balance of payments accounts for all of its economic dealings with the rest of the world, including its capital account, the balance of trade, and balance of services.
The current account, which refers to the monetary value of international flows associated with transactions in goods, services, income flows, and unilateral transfers, and the capital and financial account, which includes all international asset purchases and sales, are the two categories into which a country's balance of payments can be divided functionally.
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The federal reserve can lower the money supply by conducting open-market group of answer choices purchases or by lowering the discount rate. sales or by raising the discount rate. sales or by lowering the discount rate. purchases or by raising the discount rate. next
The federal reserve can lower the money supply by conducting open market sales or raising the discount rate (B).
Open market operation (OMO) is one of three federal reserve's monetary policies to control the amount of money supply in the market. The federal reserve will sell or buy the US treasury securities and other securities to adjust the federal funds rate that would affect the short-term rates, long-term rates, and foreign exchange rates.
The federal reserve will sell securities in the open market operation to lower the amount of money supply. The federal reserve will increase the discount rate and encourage people to save and invest more instead of spending their money for consumption. The federal funds rate used in interbank loans will be higher, resulting the bank to be more unwilling to do interbank loans to secure their reserves and will decrease their loanable funds to public.
The federal reserve will buy security security through the open market operation to increase the amount of money supply in the economy. The Fed will lower the discount rate, encouraging public to use their spending more on consumption and boost the economic growth. The federal funds will be lower, increasing the loanable funds that banks provide for the public.
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Six years ago, Linus Corporation granted Pauline a nonqualified option to purchase 5,000 shares of Linus stock for $13 per share. On date of grant, the market price was $11 per share. Last year, Pauline exercised the option when the market price was $47 per share. This year, she sold the stock for $40 per share. Compute Pauline's gain or loss recognized on sale.
A) $135,000 gain
B) $10,000 loss
C) $35,000 loss
D) No gain or loss on sale
The gain or loss recognized on sale is B) $10,000 loss
The bargain element is $14,000 ($64,000 FMV of 1,000 shares − $55,000 cost).
The 3 fundamental groups on the Periodic desk are metals, nonmetals, and metalloids. factors within each institution have comparable bodily and chemical houses. some of the physical properties used to differentiate between the 3 businesses are Luster = the capability of a substance to mirror mild.
The factors are categorized as an element, non-steel, and metalloid. the acute left facet factors within the periodic table are metals, for instance, sodium, calcium, cesium, etc. but, elements on the proper facet are normally called non-metals, carbon, chlorine, oxygen, etc.
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under partial performance, if the buyer in an alleged contract for the sale of land has paid any portion of the sales price and either has begun to permanently improve the land or has taken possession of the land, the courts will consider the contract partially performed, and this partial performance will amount to proof of the contract.
If the purchaser in an alleged land sale contract has made any payments toward the purchase price and has either started making permanent improvements to the property or has taken possession of it. It's true.
Partial Performance Accepted: If a buyer has received a portion of real or personal property and paid the contract price associated with that portion of the property, and if the parties cannot be put back in their pre-contractual positions, a court may order the balance of the contract to be fulfilled.
The equitable theory known as the doctrine of part performance was put in place to stop fraud and illegal advantage-taking due to the document's lack of registration. Equity look at as it is done, which ought to have been done, is the tenet upon which this doctrine is built.
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bolka corporation, a merchandising company, reported the following results for october: sales $ 464,000 cost of goods sold (all variable) $ 173,500 total variable selling expense $ 24,600 total fixed selling expense $ 23,000 total variable administrative expense $ 8,900 total fixed administrative expense $ 38,200 the gross margin for october is: The contribution margin for October is:
Multiple Choice
$257,000
$207,000
$290,500
$195,800
The contribution margin for the month of October will be $290,500.
What is the contribution margin?
A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs has been subtracted. The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings. It offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business's fixed costs. Profit is the amount that remains after fixed expenses have been paid.
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an expected value is computed by dividing the results (i.e., outcomes) by their respective probabilities and subtracting them. t/f
The answer is true. The expected value, commonly denoted by E(x), in a probability distribution is the weighted average of all theoretically possible values of a random variable, with weights determined by their respective theoretical probabilities.
The expected value is the long-term average value of a random variable (also known as the expected value, expectation, average, or mean value). The probability-weighted average of all conceivable values is also shown. One frequently utilised financial notion is probabilities value. One frequently utilised financial notion is expected value. It denotes the expected value of an investment in financial terms. One can calculate the EV of potential scenarios by calculating their probability.
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A stock's beta measures the:
A) market risk premium on the stock.
B) average return on the stock.
C) sensitivity of the stock's returns to those of the market portfolio.
D) difference between the return on the stock and the return on the market portfolio
C
A stock's beta measures the (C) sensitivity of the stock's returns to those of the market portfolio.
The correct option is (c).
A portfolio is a group of economic investments like stocks, bonds, commodities, cash, and coins equivalents, including closed-stop finances and trade traded budget (ETFs). humans commonly trust that stocks, bonds, and coins include the core of a portfolio.
Portfolios maintain all and any shape of investment assets. economic experts often talk about a portfolio of shares and bonds, but lots of humans construct portfolios to put money into gold, actual estate or cryptocurrencies, among other asset classes.
A portfolio is a compilation of substances that exemplifies your ideals, competencies, qualifications, training, schooling and reviews. It provides perception into your persona and work ethic.
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The beginning of a six-year finance lease is December 31, 2018. The agreement specifies equal annual lease payments on December 31 of each year For the lessee, the first payment on December 31, 2018, includes Interest res Yes Yes Multiple Choice Option d Option a 《Prev 2of5,ヨNext > 3 5
Answer:
Yes, the first payment on December 31, 2018, includes principal and interest. This is because the lessee is paying for the use of the asset for the entire year, from January 1, 2018, to December 31, 2018. As such, the first lease payment includes the remaining principal and interest for the entire year.
Explanation:
FILL IN THE BLANK. when companies attempt to simplify operations or reduce costs, a popular strategy is to have managers and systems analysts perform .
When companies attempt to simplify operations or reduce costs, a popular strategy is to have managers and systems analysts perform business process reengineering (BPR).
The early 1990s saw the development of the business management technique known as "business process re-engineering," which focuses on the analysis and creation of organizational workflows and business processes.
By removing inefficient processes and the workers who carry them out, reengineering lowers costs and cycle times. Reorganization by teams reduces the need for management layers, speeds up information flows, and gets rid of mistakes and redundancy brought on by several handoffs.
According to the classic definition, business process reengineering methodology entails fundamentally redesigning key business processes in order to achieve significant gains in productivity, turnaround times, and quality.
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While agile project management does not consist of one set method, most methods are based on similar principles. Which of the following agile project management principles would be described when creating a flow of value to customers by chunking project delivery into small, functioning increments?
Focus on customer value
Iterative and incremental delivery
Experimentation and adaptation
Self-organization
Continuous improvement
agile project management principles would be described when creating a flow of value to customers by chunking project delivery into small, functioning increments
Focus on customer value
What does "customer value" mean?
Customer value is the estimation of a product or service's value to a customer in comparison to potential substitutes. Worth refers to whether the customer believes that the benefits and services outweighed the price they paid. Customer value (CV) can be expressed in an equation as benefits minus costs (B - C).Which four categories of customer value are there?
The four different categories of value are: financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value. The consumer and the purchase determine how important a value is.
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. Calculate the economic ordering quantity (EoQ) Aa Aa Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, carrying costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (EOQ). Jones Company purchases custom-made durable packing boxes to ship its equipment. Each year, Jones uses 60,500 boxes. It costs ones $120 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Jones's EOQ policy in the following table: Value EOQ for packing boxes Number of orders per year Total ordering cost for the year Total carrying cost for the year Total inventory-related cost per year
The following formula can be used to determine Jones Company's economic ordering quantity (EOQ):
((2DS)/H) = EOQ
Here,
Annual Demand is D (in units)
S is the order placement fee, while H is the carrying cost per unit per year.
In this instance, the cost of placing an order is $120, and the annual demand for packing boxes is 60,500 units. Calculated as 25% of the purchase price, or 0.25 × $1.92, the carrying cost per unit per year is equal to $0.48.
With these values entered into the formula, we obtain:
EOQ = √((2 × 60500 × 120) / 0.48)
= √(1452000)
= 1200
Now that we are aware of the EOQ, we can utilize it to determine both the annual ordering volume and cost.
The yearly demand is determined as the EOQ divided by the annual demand, or 60500 / 1200 = 50.4 orders annually. When the number of orders each year is multiplied by the cost of placing an order, the result is 50.4 × $120, which equals $6048 for the entire year.
The overall carrying cost for the year and the total cost associated with inventory can also be determined using the EOQ. The carrying cost per unit per year multiplied by the EOQ and the number of orders each year yields $288096 as the total carrying cost for the year, or 0.48 × 1200 × 50.4. The entire ordering cost for the year plus the total cost of the inventory is used to compute the total inventory-related cost each year.
The overall inventory-related cost for the year is $294150, which is equal to the total ordering cost for the year plus the total carrying cost for the year ($6048 + $288096). As a result, Jones Company's EOQ for packing boxes is 1200 units, and there are 50.4 orders every year. $6048 is the overall cost of ordering, $288096 is the total cost of carrying, and $294150 is the total cost of expenses linked to inventory.
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Measures of Performance and Financial Leverage Following are selected data from year-end financial statements of Lima Corporation for its first two years of operations. Year 1 Year 2 Total assets $3,895,000 $3,260,000 Interest expense 47,500 42,000 Long-term liabilities 625,000 680,000 Net income 532,055 486,500 Sales 4,829,625 3,940,000 Stockholders' equity 2,766,686 2,553,864 Round percentages to one decimal place. (Example: 0.11567 = 11.6%) a. Compute the following performance measurement ratios for the second year of operations. (Ignore income taxes.) 1. Asset turnover 2. Return on sales , Return on assets, Return on equity
Measures of Performance and Financial Leverage Following are selected data from year-end financial statements of Lima Corporation for its first two years of operations.
a. Asset turnover:
Assets turnover ratio[tex]$=\frac{\text { Net sales }}{\text { Average total assets }}$[/tex]
Assets turnover ratio[tex]$=\frac{\$ 5,218,750}{(\$ 4,420,000+\$ 393,000) / 2}$[/tex]
Assets turnover ratio [tex]$=2.17$ times[/tex]
[tex]b. Return on sales:Return on sales $=\frac{\text { Net income }}{\text { Net sales }}$Return on sales $=\frac{\$ 452,875}{\$ 5,218,750}$Return on sales $=0.0868$ or $8.68 \%$[/tex]
c. Return on assets:
[tex]Return on assets $=\frac{\text { Net income }}{\text { Average total assets }}$Return on assets $=\frac{\$ 452,875}{(\$ 4,420,000+\$ 393,000) / 2}$Return on assets $=0.1882$ or $18.82 \%$[/tex]
d. Return on equity:
Return on equity[tex]$=\frac{\text { Net income }}{\text { Average stockholder's equity }}$[/tex]
Return on equity [tex]$=\frac{\$ 452,875}{(\$ 2,428,750+\$ 2,100,000) / 2}$Return on equity $=0.2$ or $20 \%$[/tex]
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many observers found support for the power elite model in the ties between political leaders and to the oil industry during the george w. bush administration. which of the following statements is true in this context?
The following statements is true that President George W. Bush owned a oil company, Vice-President Cheney was head of the oil company Halliburton, and Condoleezza Rice was on Chevron's board of directors for a decade.
On May 27, 1968, while the United States was engaged in the Vietnam War, George W. Bush enlisted in the 147th Fighter-Interceptor Group of the Texas Air National Guard. He agreed to serve until May 26, 1974, spending the first two years on active duty while learning to fly and the next four years performing sporadic service.
Bush professes to comprehend the value of government intervention in private financial problems if it is anticipated that such engagement would have a detrimental effect on the economy as a whole. Bush typically favors free-market capitalism.
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Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.
taxes; expenditures
Fiscal policy is defined as changes in federal taxes and expenditures to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.
What exactly is meant by "fiscal policy"?The practice of influencing the economy through government spending and taxation is known as fiscal policy. Fiscal policy is typically used by governments to reduce poverty and encourage robust and sustainable growth.
What exactly is meant by "fiscal policy"?Monetary strategy alludes to the spending and taxing strategies that the government employs to influence the economy.
What is the primary goal of fiscal policy?The regulation of economic stability, full employment, and growth rate stabilization are the primary goals of fiscal policy. It is frequently upgraded with financial arrangement, including the financial framework, the stockpile of cash available for use and the administration of loan fees.
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Preferred stock commonly has preference to dividends in the form of a fixed dividend rate and a preference over common stock to remaining corporate assets in the event of liquidation. Preferred stock usually does not give the holder the right to share in the management of the company. Common stock is the residual security possessing the greater risk of loss and the greater potential for gain; it is guaranteed neither dividends nor assets upon dissolution but it generally controls the management.
Distinguish between common and preferred stock.
Common stock is a security that represents ownership in a company.
Common stockholders have voting rights and receive dividends if declared. Common stockholders also have the right to receive a portion of a company's assets if the company is liquidated. Common stockholders have the last claim to a company's assets and profits.
Preferred stock is a type of security that has certain advantages and privileges compared to common stock. Preferred stockholders generally don't have voting rights, but have priority over common stockholders in receiving dividends, and in the event of liquidation, preferred stockholders have a higher claim to assets than common stockholders. Preferred stockholders also have the right to convert their shares into common stock at a predetermined price.
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which one of the following companies is grading system using in the united states to rate corporate bonds
Moody's is grading system using in the united states to rate corporate bonds.
A corporate bond is a bond that a corporation issues to obtain money for a number of purposes, such as continued operations, mergers and acquisitions, or business expansion. The phrase is typically used to describe longer-term debt instruments with a minimum one-year maturity. The bond credit rating division of Moody's Corporation is known as Moody's Investors Service, or just Moody's. This division represents the company's traditional business and has its old name. International financial research on bonds issued by corporate and governmental entities is offered by Moody's Investors Service.
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