Daniels Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and had used a budgeted selling price of $19 per unit.
Actual Budgeted
Units sold 280,000 units 278,000 units
Variable costs $960,000 $886,000
Fixed costs $60,000 $51,000
What is the static-budget variance of operating income?
A. $316,000 unfavorable
B. $325,000 favorable
C. $325,000 unfavorable
D. $316,000 favorable
Answers
The correct answer is Option C. $325,000 (unfavorable).So, Static-budget variance of operating income of Daniels Corporation would be $325,000
According to the scenario, computation of the given data are as follow:-
Sales = Selling price per unit × Sold unit
Actual Sales = $18 × 280,000 = $5,040,000
Budgeted sales = $19 × 278,000 = $5,282,000
Operating income = Actual sales - Variable cost - Fixed cost
Actual operating income = $5,040,000 - $960,000 - $60,000 = $4,020,000
Budgeted operating income = $5,282,000 - $886,000 - $51,000 = $4,345,000
Static budget variance of operating income = Actual Operating Income -Budgeted Operating Income
= $4,020,000 - $4,345,000
= $325,000 (unfavourable)
Hence Static-budget variance of operating income of Daniels Corporation would be $325,000
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Related Questions
What is the degree of alignment between what Netflix is currently
doing (actions) and their mission, vision, values, structure, and culture.
Answers
The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution to the GDP in most countries (b). services provide jobs (c). trade in services can provide traditional and new export opportunities (d. )services produce many types of goods
Answers
Answer:
Answer letter C.
Trade in service can provide traditional and new export opportunities
The service sector is important for all of the following reasons except services produce many types of goods. Thus, option 'D' is the correct option.
Why service sector is important?The third layer of the three-sector economy is the service sector, commonly referred to as the tertiary sector. This industry produces maintenance and repairs, training, or consultancy instead of products. Jobs in the service industry include education, nursing, housekeeping, and tours.
Contrarily, those who work in the manufacturing or industrial sectors create physical products like clothing, equipment, and automobiles. After manufacturing and the production of raw materials, the service sector makes up the third sector of the economy.
From office cleaning to rock concerts to brain surgery, the service industry offers a vast range of both real and intangible services. In terms of value-added, the service sector is the largest in the world economy and is particularly significant in more developed nations.
Therefore, option 'D" (services produce many types of goods) is the correct statement.
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A Potato Chips factory produces 60,000 potato chips each week and decided to buy an expensive machine for RM 13,000 equipment to increase output, with an operating life of 5 years for the new machine. It would reduce labor costs to RM 11,000 per year. Will it be a good decision to consider purchasing this equipment? The existing machines productivity is RM 195 per potato packet.
Answers
Answer:It could benefit others but you still have to spend and loose the other machine could break any day so i think it was a good idea
Explanation:
The Law of Demand states that:
A. demand for a product rises when its supply falls.
B. demand for a product falls when its price falls.
C. demand for a product rises when its supply rises.
D. demand for a product rises when its price falls.
Answers
Answer:
D
Explanation:
hope it helps to your question
Answer:
A
Explanation:
Let's say you and your friends want some apples, but suddenly the number of apples gets cut in half. You still want those apples just as badly, and now that there are less apples, your demand for them rises.
Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information below refers to these assets. What is the expected return on Bo's complete portfolio?
Answers
Answer:
The expected return on Bo's complete portfolio will be "10.32%".
Explanation:
The given question is incomplete. Please find attachment of the complete question.
According to the question, the given values are:
Port's expected return,
\(R_p=12 \ percent\)
T-bill's expected return,
\(R_t=3.6 \ percent\)
Port's weight,
\(W_p=80 \ percent \ i.e.,\ 0.80\)
T-bill's weight,
\(W_t=20 \ percent \ i.e., \ 0.20\)
Now,
The Bo's complete portfolio's expected return will be:
⇒ \(W_p\times R_p+W_t\times R_t\)
On substituting the given values, we get
⇒ \(0.80\times 12 \ percent+0.20\times 3.6 \ percent\)
⇒ \(10.32 \ percent\)
Note: percent = %
The stock style box classifies individual stocks by growth, value, and core.
The stock mutual fund style box classifies individual stocks by value, growth,
and blend. These are often referred to as the equity style box. Together, the
vertical and horizontal axes can be used to classify a mutual fund into 1 of _______categories.
Answers
Together, the vertical and horizontal axes can be used to classify a mutual fund into 1 of nine categories.
The stock style box classifies individual stocks by growth, value, and core. The stock mutual fund style box classifies individual stocks by value, growth, and blend. These are often referred to as the equity style box. Together, the vertical and horizontal axes can be used to classify a mutual fund into one of nine categories.
The nine categories are large growth, large blend, large value, mid-cap growth, mid-cap blend, mid-cap value, small growth, small blend, and small value. It is common for investors to use the style box to classify mutual funds, which provides a useful way to understand the risk and return characteristics of an investment.The style box is divided into three parts, the vertical axis, the horizontal axis, and the grid that is formed by these two axes.
The vertical axis represents a market capitalization scale and can be divided into three categories: large-cap, mid-cap, and small-cap. The horizontal axis represents a value versus growth scale and can also be divided into three categories: value, blend, and growth.
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How do answer this question?
Answers
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
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Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee
Answers
The adjusting journal entry for GTI is as follows:
Adjusting Journal Entry:Date Account Titles Debit Credit
Dec. 31 Wages Expenses $720
Wages Payable $720
To accrue the two days' wages owed to two employees.What is an adjusting journal entry?An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.
Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.
Transaction Analysis:Wages Expenses $720 Wages Payable $720
Two Employees' wages for two days = $720 (180 x 2 x 2)
Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.
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Question Completion:Prepare the adjusting journal entry to record the accrual.
you lend a friend 10,000 dollars for which your friend will repay you 27,027 dollars at the end of 5 years. What interest rate are you charging your friend?
Answers
Answer:
The interest rate is "21.999%".
Explanation:
The given values are:
Amount lent,
= 10,000
Amount repaid,
= 27,027
Years (n),
= 5
As we know,
⇒ \(Amount \ repaid = Amount \ lent\times (1+r)^n\)
On substituting the given values, we get
⇒ \(27,027=10,000\times (1+r)^5\)
⇒ \(\frac{27,027}{10,000}=(1+r)^5\)
⇒ \(2.7027=(1+r)^5\)
⇒ \(1+r = (2.7027)^{(1/5)}\)
⇒ \(1+r=1.21999\)
On subtracting "1" from both sides, we get
⇒ \(1+r-1=1.21999-1\)
⇒ \(r=0.21999\)
i.e.,
⇒ \(r=21.999 \ percent\)
We have a graduated tax system, and the tax brackets are listed in Appendix A. If you are not familiar with the Fair Tax and Flat Tax ideas, do a little research. Share what you think would be best for our country.
Answers
Explanation:
i think the graduated tax system is fairest ,it imposes a higher rate on the rich than the poor and all this is done based on the tax payer if this is done it will help the poor to pay for needs such as shelter food and other personal needs it allows the poor to spend most of they money
A local drama company proposes a new
neighborhood theater in San Francisco. Before
approving the building permit, the city planner
completes a study of the theater's impact on the
surrounding community.
a. One finding of the study is that theaters
attract traffic, which adversely affects the
community. The city planner estimates that
the cost to the community from the extra
traffic is $5 per ticket. What kind of an
externality is this? Why?
b. Graph the market for theater tickets, labeling
the demand curve, the social-value curve,
the supply curve, the social-cost curve, the
market equilibrium level of output, and the
efficient level of output. Also show the
per-unit amount of the externality.
c. Upon further review, the city planner
uncovers a second externality. Rehearsals
for the plays tend to run until late at night,
with actors, stagehands, and other theater
members coming and going at various hours.
The planner has found that the increased
foot traffic improves the safety of the
surrounding streets, an estimated benefit to
the community of $2 per ticket. What kind of
externality is this? Why?
d. On a new graph, illustrate the market for
theater tickets in the case of these two
externalities. Again, label the demand curve,
the social-value curve, the supply curve, the
social-cost curve, the market equilibrium
level of output, the efficient level of output,
and the per-unit amount of both externalities.
e. Describe a government policy that would
result in an efficient outcome.
Answers
It should be noted that a negative externality will take place since the extra cost is levied on the customers.
Also, it should be noted that the increased footprints of traffic could result in a problem for the residents who are around the theater. In this case, the tax of $2 per ticket will be important in reducing traffic. Therefore, it's a positive externality.
Lastly, the government policy that will bring about an efficient outcome will be:
= $5 - $2 = $3.
This is simply the equilibrium point where the market and the social equilibrium meets.
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Question 1 Calculate the selling price that Valmont Company will establish for the XP–200 using absorption cost-plus pricing, considering the absorption unit product cost of $8,400 and a markup percentage of 85%.
Question 2 Determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life. Consider the advantages it offers compared to the competitor's piece of equipment, such as longer usage time, lower preventive maintenance costs, and lower electricity consumption.
Question 3 If Valmont Company decides to use value-based pricing, what range of possible prices should they consider when setting a price for the XP–200? Take into account the economic value provided to the customer and the pricing of the competitor's equipment.
Question 4 Provide advice to Valmont's managers on choosing between absorption cost-plus pricing and value-based pricing. Consider the concerns expressed by the marketing managers and the potential impact on market competitiveness, customer perception, and profitability.
For each question, ask your students to show their calculations, provide explanations, and justify their answers based on the given information and pricing concepts. Encourage them to think critically and consider the implications of different pricing strategies on the company's goals and market position.
Answers
1. Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.
2. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.
3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment.
4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability.
1. To calculate the selling price using absorption cost-plus pricing, we need to add a markup percentage to the absorption unit product cost. In this case, the absorption unit product cost is given as $8,400, and the markup percentage is 85%.
Markup = Markup percentage * Absorption unit product cost
Markup = 85% * $8,400
Markup = $7,140
Selling price = Absorption unit product cost + Markup
Selling price = $8,400 + $7,140
Selling price = $15,540
Therefore, Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.
2. To determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life, we need to consider the advantages it offers compared to the competitor's equipment. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.
EVC can be calculated by quantifying the monetary value of these advantages over the product's lifespan. Let's assume the following values:
Longer usage time: 5,000 additional hours compared to the competitor's equipment.
Lower preventive maintenance costs: $500 saved annually compared to the competitor's equipment.
Lower electricity consumption: $200 saved annually compared to the competitor's equipment.
EVC = (Additional usage time * Value per hour) + (Annual cost savings * Present value factor)
Using a discount rate of 10% and assuming the annual cost savings remain constant over the 20,000-hour life:
EVC = (5,000 hours * Value per hour) + ($500 * Present value factor) + ($200 * Present value factor) + ... (repeated for all 20 years)
3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment. This involves determining a range of possible prices based on the additional value delivered by the XP–200 compared to the competitor's equipment.
To calculate the range of possible prices, you would need to assess the economic value of the XP–200 as determined in Question 2 and consider the pricing of the competitor's equipment. Without specific values and competitor pricing information, it's not possible to provide a precise range of prices.
However, Valmont Company should set the price within a range that captures a significant portion of the economic value delivered to the customer while remaining competitive in the market.
4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability. Here are some considerations for Valmont's managers:
Absorption cost-plus pricing:
Pros: This approach ensures that all costs, including fixed and variable costs, are covered. It provides a straightforward calculation for determining the selling price and ensures profitability.
Cons: It does not directly consider the economic value delivered to the customer or the pricing of the competitor's equipment. This approach may not reflect the true value of the XP–200 to customers, potentially leading to pricing that is not aligned with customer expectations or market conditions.
Value-based pricing:
Pros: This approach considers the economic value provided to the customer, allowing the price to be based on the perceived value rather than just the cost. It aligns the price with the customer's willingness to pay and can capture the full value delivered by the XP–200.
Cons: It may be more challenging to quantify and communicate the economic value to customers. Determining the optimal price range requires a thorough understanding of customer preferences, competitor pricing, and market dynamics.
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In which of these do homeowners own BOTH the home and the
land it sits on?
cooperative
timeshare
condominium
townhouse
Answers
Answer:
time share is the answer or townhous
A customer purchased some goods on credit from Stears Corp. The customer then returned $750 worth of goods to the company because he found them to be defective. What will the contra revenue journal entry by the accountant be? A. Customer Account (debit) 750; Sales Return Account (credit) 750 B. Sales Return Account (debit) 750; Customer Account (credit) 750 C. Sales Return Account (debit) 750; Sales Account (credit) 750 D. Sales Account (debit) 750; Sales Return Account (credit) 750 E. Sales Return Account (debit) 750; Cash Account (credit) 750
Answers
Answer: I went with A I'm not confident in it thou
Explanation:
10-10. Why does CrowdStrike’s appointment to the Forbes list of best places to work point to long-term success for the company?
Answers
CrowdStrike's appointment indicates long-term success because it suggests that the company has a positive workplace culture and values which can lead to higher employee retention rates and increased productivity.
How does CrowdStrike's inclusion contribute to long-term success?As CrowdStrike's is recognized as top employer by a prestigious publication, Forbes can enhance its reputation and brand image which can help attract top talent and retain current employees.
This inclusion also indicates that the company is dedicated to providing a positive work environment and investing in its employees' well-being. All this can result in higher job satisfaction, increased employee engagement and improved productivity which can all contribute to the company's long-term success.
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Why is it important to earn money before spending it?
Answers
Answer:
because then you will see the value of getting it or earning it you see the importance of it.
Answer:Why is it important to earn money before spending it? well because you can't spend money if you don't have money. You have to earn money first. It's also important to not waist money when starting a business or having a business.
Explanation: is this good
also you can copy and past this I really don't care if you copy me. You can change and edit this to make it more longer and complex and to make it how you like it.
the legal affairs attorney working at AMD would most likely occupy an
Answers
The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.
What is inhouse counselAn in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.
The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.
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jonathan has an outgoing personality. he enjoys making home repairs and watching TV shows about house flipping. jonathan has a degree in business, but he likes the customer service side of business more than the finance component. which of the following careers would be most suitable for jonathan?
Answers
The most suitable career for Jonathan would be a real estate broker.
Why would a real estate broker be suitable for Jonathan?Jonathan's outgoing personality and interest in home repairs align well with a career in real estate. As a real estate broker, he would have the opportunity to work closely with clients, providing customer service and helping them navigate the process of buying and selling properties.
His passion for watching TV shows about house flipping indicates a strong interest in the real estate market which would be beneficial in this role. Additionally, his degree in business would provide a solid foundation for understanding the business aspects of real estate transactions.
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A debt is an amount of money that is owed to a bank, a credit card company, a store, or another individual.
O True
O False
Answers
true <3
;DDDDDDDDDDDDDDDDDDDD
The answer is True .
It is true because the definition of debt is the state of owing money .
SunRay Foundation, a corporation owned and managed by volunteers, supplies medicines and vaccines to impoverished people in Asia and Africa. Its focus is not on earning a surplus but on serving the community. SunRay Foundation is an example of
Answers
Answer:
" Nonprofit corporation" is the right solution.
Explanation:
A non-profit corporation would be an organization constructed again for benefit of the community better, for compassionate or some other kind of government service primary motivations, instead of just merely to generate a financial gain on its own, as when the customer requested to be doing. The strongest reason for utilizing the whole degree of formal entity is that everything is responsible for claim federal and state taxes on just about any earnings the corporate entity receives, with exception of for corporate entities.Business transactions
Answers
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
For the year ending December 31, 2022, Swifty Inc. reports net income $144,000 and cash dividends $87,000. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $222,000.
Answers
Answer:
$279,000
Explanation:
Particulars Amount
Retained earnings Jan. 1, 2022 $222,000
Add: Net Income $144,000
Sub-total $366,000
Less: Dividend declared $87,000
Retained earnings Jan. 31, 2022 $279,000
Why do you
think it's easier to forget entrepreneurship than labor or capital?
Answers
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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Your client has $80,000 invested in stock A. She would like to build a two-stock portfolio by investing another $80,000 in either stock B or C. She wants a portfolio with an expected return of at least 15% and as low a risk as possible, the standard deviation must be no more than 25%. Expected Return Standard Deviation Correlation With A A 18% 30% 1.0 B 17% 25% 0.3 C 15% 15% 0.4_____
Answers
Answer: Please see below for answer
Explanation:
Expected Return Standard Deviation Correlation With A
A 18% 30% 1.0
B 17% 25% 0.3
C 15% 15% 0.4_____
Expected return of A (RA) = 18%
Expected return of B (RB) = 17%
Standard Deviation of A (σA) = 30%
Standard Deviation of B (σB) = 25%
Weight of A (WA) = 50% (Since equal amount of $80,000 is being invested)
Weight of B (WB) = 50%
Correlation = 0.3
Portfolio Returns = WARA + WBRB = (18%*50%) + (17%*50%) = 17.5%
Portfolio Standard Deviation = (WA2 * σA2 + WB2 * σB2 + 2*(WA)*(WB)*CorrelationAB* σA* σB)(1/2)
= [(50%2 X 30%2) + (50%2 X 25%2) + (2 X 50% X 50%X 0.3 X 30% X 25%)](1/2)
=0.0025 +0.015625+SQR 0.01125
=0.0025+0.015625+0.1061=0.1241= 12.4%
If Invested in Stock C
Expected return of A (RA) = 18%
Expected return of C (RC) = 15%
Standard Deviation of A (σA) = 30%
Standard Deviation of C (σC) = 15%
Weight of A (WA) = 50% (Since equal amount of $80,000 is Being invested)
Weight of C (WC) = 50%
Correlation = 0.4
Portfolio Returns = WARA + WCRC = (18%*50%) + (15%*50%) = 16.5%
Portfolio Standard Deviation = (WA2 * σA2 + WC2 * σC2 + 2*(WA)*(WC)*CorrelationAC* σA* σC)(1/2)
= [(50%²X 30%²) + (50%² X 15%²) + (2 X 50% X 50%X 0.4 X 30% X 15%)]^1/2
= 0.0025+0.005625+ SQR 0.009= 0.1029= 10.29%= 10.3%
The expected return and standard deviation if invested in Stock B is 17.5% and 12.4% while that of STOCK C is 16.5% and 10.2 % but the client wants expected return of at least 15% and at low risk as possible with standard deviation not more than 25%, it is advised that the client invest in stock C as the values obtained are more towards her choice.
Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $6,000 on account, and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two-year promissory note for the balance.
Compute the updated current ratio (round answers to 2 decimal places)
Transaction (1) ________________
Transaction (2) ________________
Answers
Answer:
Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67
Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64
Explanation:
The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,
Current Ratio = Current Assets / Current Liabilities
We know the initial current ratio and current assets. The initial current liabilities will be,
1.8 = 54000 / Current Liabilities
Current Liabilities = 54000 / 1.8
Current Liabilities = $30000
Transaction 1
The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,
Current Ratio - Transaction 1 = (54000 + 6000) / (30000 + 6000)
Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67
Transaction 2
The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,
Current Ratio - Transaction 2 = (54000 + 6000 -1000) / (30000 + 6000)
Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64
20 POINTS!
I need help with putting my two weeks in….
Need to sound professional!
I am currently an intern at a construction office job. I want to say that I have decided to go to esthetician school but appreciate being able to work here as a intern and learn a lot of things these last 6 months.
Thank you!!
Answers
Property assessed for tax purpose at 50% of market value. The tax rate being $4.90 per $100 of assessed valuation. Today, the taxes, imposed at the same tax and assessment rates, have increased by $637. How much has the market value of the property increased assuming straight-line appreciation?
Answers
The market value of the property has increased by $26,000 assuming straight-line appreciation.
How did we get the value?First, we need to calculate the current assessed value of the property. If the property is assessed at 50% of its market value, then we can use the following formula:
Assessed Value = Market Value × 0.5
Let's assume the market value of the property is X, then its assessed value will be:
Assessed Value = X × 0.5 = 0.5X
Now, we can calculate the current property tax by using the following formula:
Current Property Tax = (Assessed Value ÷ 100) × Tax Rate
Substituting the given values, we get:
Current Property Tax = (0.5X ÷ 100) × $4.90 = $0.0245X
We know that the property tax has increased by $637. Therefore, we can set up the following equation:
New Property Tax - Current Property Tax = $637
Let's assume that the market value of the property has increased by Y. Then the new assessed value will be:
New Assessed Value = (X + Y) × 0.5 = 0.5(X + Y)
We can calculate the new property tax using the same formula as before:
New Property Tax = (0.5(X + Y) ÷ 100) × $4.90 = $0.0245(X + Y)
Substituting these values in the equation, we get:
$0.0245(X + Y) - $0.0245X = $637
Simplifying the equation, we get:
$0.0245Y = $637
Y = $637 ÷ $0.0245
Y = $26,000
Therefore, the market value of the property has increased by $26,000 assuming straight-line appreciation.
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The DEF Company is planning a $64 million expansion. The expansion is to be financed by selling $25.6 million in new debt and $38.4 million in new common stock. The beforetax required rate of return on debt is 9 percent and the required rate of return on equity is 14 percent. If the company is in the 35 percent tax bracket, what is the firm's cost of capital?
Answers
If the company is in the 35 percent tax bracket, what is the firm's cost of capital is 10.74%.
Hence, the answer is option D. 10.74%.
What are taxes, and what different kinds are there?Taxes are imposed on tangible property, including real estate and business dealings like stock sales or house purchases. Taxes exist in a variety of forms, including income, corporation, capital gains, property, inheritance, and sales taxes.
Why tax?It comes from the Roman word taxare, which meaning "to assess." Prior to then, English used the comparable term "task," which was taken from Old French. For a while, the words "task" and "tax," the first demanding labour and the second requiring money, were both often used.
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