On March 1, Bartholomew Company purchased a new stamping machine with a list price of $70,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $1,300; sales tax paid, $3,120; installation costs, $1,000; routine maintenance during the first month of operation, $1,200. What is the cost of the machine
Answers
Answer:
$73,120
Explanation:
Bartholomew company purchased a new stamping machine with a list price of $70,000
They were given a discount of 5%
Other costs that are associated with the machine include
Transportation costs= $1,300
Sales tax= $3,120
Installation costs= $1,000
Routine maintenance during the first month= $1,200
Then, the cost of the machine can be calculated as follows
(70,000-5/100×70,000) + $1,300+$3,120+$1,000+$1,200
$66,500+$1,300+$3,120+$1,000+$1,200
= $73,120
Hence the cost of the machine is $73,120
Related Questions
You purchase a dishwasher for 1261 .60 plus 7% sales tax. The appliance store offers an loan that allows you to pay for the dishwasher by making 12 equal monthly payments of $123.74 What is the cost of credit, in , for this loan? Round your answer to the nearest cent.
Answers
The cost of credit for this loan is $134.97.
What is the cost of credit?The cost of credit represents the difference between the total payments made and the original mortgage value.
It is also called the finance charge.
Data and Calculations:Purchase price = $1,261.60
Sales tax = 7% or $88.31 ($1,261.60)
Monthly instalment = $123.74
Payment period = 12 months
Total payment for 12 months = $1,484.88 ($123.74 x 12)
Cost of credit = $134.97 ($1,484.88 - $1,261.60 - $88.31)
Thus, the cost of credit for this loan is $134.97.
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Manitoba Telecom Services (MTS) purchases an iPhone for $749.99 less discounts of 25% and 15%. MTS’s expenses are known to average 30% of the regular unit selling price. a. What is the regular unit selling price if a profit of $35 per iPhone is required?
Answers
If a $35 profit per iPhone is needed, the usual unit selling price is $733.01.
Can I return an Apple item that has been used?Within 14 calendar days of receiving your iPhone(s) or iPad(s), if you are not completely happy with your purchase, you may return your undamaged iPhone(s) or iPad(s) to the Apple Online Store for a refund. Any opened unit will be charged a 25% open box fee (per unit).
First, we need to determine the cost of the iPhone after the discounts are applied. The discount of 25% reduces the cost by 0.25 x $749.99 = $187.50, and the discount of 15% reduces it further by 0.15 x ($749.99 - $187.50) = $84.38. Therefore, the cost of the iPhone to MTS is:
$749.99 - $187.50 - $84.38 = $478.11
Next, we need to determine the selling price that will yield a profit of $35 per iPhone.
Regular unit selling price - 30% of regular unit selling price = cost + profit
Simplifying the equation, we get:
0.7 x regular unit selling price = $478.11 + $35
0.7 x regular unit selling price = $513.11
regular unit selling price = $733.01
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Case Study 4.3: Is There Really a Market for it? (pp. 127 - 129). This particular case study seems to bring to light many of the questions that in the future, you will have to ask as you begin to market your products or services. It also aligns well with the Marketing Plan that you are building.
answer all 6 questions in details.
Answers
The characteristics of the population that made hospital adminstrators a potential market is the disease incidence and the referral patterns.
How to illustrate the information?When the suburb population was examined, the service that the analyst think would appeal to the community is a housing unit.
The type of research that was carried out to verify the conclusion based on the secondary data is a survey of the community residents.
The findings contradicted what was found in the secondary data as it was found that the population wasn't progressive and the housing construction wasn't necessary.
Also, the development of the innovative health sector was discouraged as it was found that the population preferred traditional medicine.
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Answers
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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Question 6 of 10
What is the difference between a negligence case and an intentional tort?
A. There is no intent to do harm in a negligence case.
B. No actual harm need be done in a negligence case.
C. The burden of proof is much lower in an intentional tort case.
D. Special damages cannot be awarded in intentional tort cases.
SUBMIT
Answers
In a negligence case, there is no intent to do harm, but rather a failure to exercise reasonable care that results in harm to another person or property. Option B
In contrast, in an intentional tort, the defendant intends to cause harm to the plaintiff, whether through physical harm or damage to property.
Another key difference is that in a negligence case, actual harm must be done to the plaintiff for a claim to be made. This harm can be physical, emotional, or financial in nature. However, in an intentional tort case, the intent to cause harm is enough for a claim to be made, regardless of whether actual harm was done.
The burden of proof is also different in an intentional tort case compared to a negligence case. In an intentional tort case, the burden of proof is higher as the plaintiff must prove that the defendant acted with intent. In a negligence case, the burden of proof is lower as the plaintiff only needs to prove that the defendant failed to exercise reasonable care.
Finally, special damages cannot be awarded in intentional tort cases, unlike in negligence cases where special damages can be awarded for financial losses that result from the harm caused. Instead, intentional tort cases typically result in punitive damages, which are intended to punish the defendant for their actions. Option B
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Answer:
A. There is no intent to do harm in a negligence case
Explanation: took the test
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $31,000 bill from her accountant for consulting services related to her small business. Reese can pay the $31,000 bill anytime before January 30 of next year without penalty. Assume Reese’s marginal tax rate is 30 percent this year and will be 40 percent next year, and that she can earn an after-tax rate of return of 6 percent on her investments.a. What is the after-tax cost if she pays the $31,000 bill in December?b. What is the after-tax cost if she pays the $31,000 bill in January?
Answers
Answer:
a) The after-tax cost if she pays the bill in December is $21,700
b) The after-tax cost if she pays the bill in January is $19,306.80
Explanation:
a) If she pays the $31,000 bill in December
Present value tax savings = amount × marginal tax rate
= $31,000 × 30%
= $9,300
After-tax cost = Pre-tax cost - present value tax
= $31,000 - $9,300
= $ 21,700
b) If she pays the $31,000 bill in January
Present value tax savings = amount × marginal tax rate
= $31,000 × 40%
= $12,400
Calculation of discount factor = Present value = \(\frac{FutureValue}{(1+r)^{n} }\)
= \(\frac{1}{(1+0.06)^{1} }\)
= 0.943
Present value tax savings = amount × discount factor
= $ 12,400 × 0.943
= $11,693.20
After-tax cost = Pre-tax cost - present value tax
= $31,000 - $11,693.20
= $ 19,306.80
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the ______ shop.
Answers
Answer:
Union.
Explanation:
Collaborative bargaining can be defined as a strategic process which typically involves a formal negotiation between an employer of labor (top executive or management) and a union representing the employees working in an organization so as to both reach an agreement on minimum wage, benefits and other pertinent working conditions.
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the union shop.
Under a union shop, employers are saddled with the responsibility of either employing only labor union members or require that all new employees that aren't members of the union as at the time of employment become members after a probationary period i.e within a specific period of time.
Funds that banks lend to borrowers come from
Answers
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $80,000 or $200,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 6%.
Required:
a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?
b. What is the price you will be willing to pay now?
Answers
Answer:
Required:
a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?
b. What is the price you will be willing to pay now?
benefits are offered by employers to attract good employees
Answers
Answer:
its true :))
Explanation:
Answer:
true
Explanation:
edg 2021
Valeria purchased a used car for $2500. She paid 63 % sales tax. How much tax did she pay?
Answers
Which assertions about statement 1 and statement 2 is true? Statement 1: 10,000 bonds sold by Echo Corporation were bought by a variety of investors. If Echo received $10 million from the sale of these bonds, then bonds were more likely sold on the secondary market than on the primary market. Statement 2: Bonds issued by Foxtrot have a face value of $1,000 and pay annual coupons with the next coupon due in 1 year. If the price of the bond is greater than $1,000, then the bond’s coupon rate is more than its YTM.
Answers
Answer: E. Statement 1 is false and statement 2 is true.
Explanation:
Statement 1 is false because when bonds are sold in the secondary market, the issuing company does not get anything from it. That is because sales in the secondary market are between bond holders and those who would like to buy the bond. For the company to make money from a bond issue, they would have to issue it in the Primary Market where it would come directly from them.
Statement 2 is true because when the coupon rate of a bond is higher than it's YTM, it signals that the bond is a PREMIUM bond which means that it is selling at a rate above Par. It is a measure showing that the bond is not very risky therefore investors charge less on the bond than the coupon rate. If the Coupon rate was lower than the YTM that would mean that investors consider the bond risky and so are charging more to hold it and this would reduce the price of the bond below it's face value.
Income reaches the highest level at the
point of the business cycle.
Answers
False. The highest level of income does not necessarily occur at the point of the business cycle. In fact, the business cycle includes both periods of expansion and contraction, which can affect income levels in different ways. During an expansionary phase, income may increase due to factors such as increased consumer spending and investment, while during a contractionary phase, income may decrease due to factors such as reduced demand and job losses. Therefore, the point of the business cycle does not necessarily correspond with the highest level of income.
Question 1: Critique the case from a leadership, internal and external communication with stakeholders, and barriers to communication point of view.
Answers
A general view from the leadership, internal and external communication with stakeholders has been provided
The leadership, internal and external communication with stakeholdersLeadership:
Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.
Internal communication with stakeholders:Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.
External communication with stakeholders:
External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.
Barriers to communication:Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.
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XYZ Co is considering a major expansion program that has been proposed by the company’s information technology group. To decide whether the company will undertake this major expansion project, the company paid McLindsay Co., a large consulting company, a fee of $2 million to calculate the costs and benefits of the program, but they will refund half of that cost back to XYZ if the company does not move forward with the project. McLindsay reported that the expansion project will have an upfront cost of $20 million for assets, which are depreciated straight line to zero over the four-year horizon of the project. The company does not need to invest in net working capital (i.e., NWC = 0). McLindsay also expects that the program will generate an operating cash flow equal to $10 million the first year and will expand by 20% per year until the project is liquidated at the end of year four. The liquidation value from selling the equipment will be $4 million. You are an assistant to the CFO of the company and your first task is to advise XYZ whether the company should undertake the investment. The CFO has provided you with the following data, which he believes may be relevant to your task (all the market data are current). The firm’s tax rate is 20%. The market data on XYZ Co’s securities are:
Debt
oBond A: 42,750 bonds with a 5.4% coupon rate, with 20 years to maturity selling at par. oBond B: 55,000 bonds with a 4% coupon rate, with 15 years to maturity selling at par.
Assume that both bonds have a par value of $1,000 and they make semiannual payments.
Common stock
o 1,000,000 shares outstanding, selling for $95 per share; XYZ Co just paid a dividend of $4 per share and is expected to increase its future dividends at a constant rate of 5%. The firm’s beta is 1.8. Assume the risk-free rate is 2% and the market return is 8%.
Answer the following questions and show all the formulas and calculations (if using a financial calculator show all the entries).
a. What is XYZ Co’s cost of debt?
b. What is XYZ Co’s cost of equity using the CAPM?
c. What is XYZ Co’s cost of equity using the dividend growth model?
d. What is XYZ Co’s cost of capital? (for your cost of equity calculations, use the average of cost of equity you calculated in the last two parts).
e. Find the cash flows from assets (CFFA) of the project and then compute the NPV of the project. Accounting for all relevant expenses, should the firm undertake the expansion project?
f. Suppose instead that (1) Bond A and Bond B are priced below par and (2) the common stock is selling for $142.50 per share and the last dividend paid was $6. Would the firm’s WACC be higher, lower, or the same as what you found in part (d)? Explain.
Answers
a. To calculate the cost of debt, we need to find the yield to maturity (YTM) of each bond. We can calculate the YTM of Bond A as 5.4% and the YTM of Bond B as 4%. Therefore, the cost of debt for XYZ Co is the weighted average of the YTM of each bond, where the weights are the proportion of the total market value of debt that each bond represents. Assuming that all bonds are selling at par, the total market value of debt is $97,750,000. Thus, the weight of Bond A is 42,750/97,750 = 0.4376 and the weight of Bond B is 55,000/97,750 = 0.5624. Therefore, the cost of debt is:
Cost of Debt = 0.4376 × 5.4% + 0.5624 × 4% = 4.48%
b. Using the CAPM, we can calculate the cost of equity as:
Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)
= 2% + 1.8 × (8% - 2%)
= 13.6%
c. Using the dividend growth model, we can calculate the cost of equity as:
Cost of Equity = (Dividend / Price) + Growth Rate
= ($4 / $95) + 5%
= 9.3%
d. To calculate the cost of capital, we need to find the weighted average of the cost of debt and the cost of equity, where the weights are the proportion of the total market value of debt and equity that each component represents. Assuming that the total market value of equity is $95,000,000, the weight of debt is 97,750,000/(95,000,000 + 97,750,000) = 0.5073 and the weight of equity is 1 - 0.5073 = 0.4927. Therefore, the cost of capital is:
Cost of Capital = 0.5073 × 4.48% + 0.4927 × 13.6% = 9.54%
e. To calculate the cash flows from assets (CFFA) of the project, we need to find the operating cash flows (OCF) and the net capital spending (NCS) for each year of the project. Using the given data, we can calculate the OCF for each year as:
Year 1: OCF = $10,000,000
Year 2: OCF = $12,000,000 (20% increase from year 1)
Year 3: OCF = $14,400,000 (20% increase from year 2)
Year 4: OCF = $17,280,000 (20% increase from year 3)
The net capital spending (NCS) for year 0 is the upfront cost of the project, which is $20,000,000. The NCS for year 4 is the liquidation value of the equipment, which is $4,000,000. The NCS for years 1 to 3 is zero since there is no net working capital requirement.
Calculating the CFFA for each year:
Year 0: CFFA = - $20,000,000
Year 1: CFFA = $10,000,000 - $0 - $20,000,000 = -$10,000,000
Year 2: CFFA = $12,000,000 - $0 = $12
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What is the purpose of an advance directive?
A. It removes the burden of making end-of-life decisions for loved
ones.
B. It removes the burden of creating a final will.
C. It provides direction for estate planning and distribution.
D. It directs loved ones to make end-of-life care decisions.
SUBMIT
Answers
The correct option is option D. It directs loved ones to make end-of-life care decisions.
What is an Advance directive?
In the event that you are unable to make your own medical decisions, an advance directive is a legal document that specifies how you want those decisions to be made.
An advance directive is intended to direct your healthcare team and loved ones when they must make these decisions on your behalf or to designate who will act on your behalf in the event that you are unable to. Your healthcare team may decide to take special measures or provide emergency care in certain medical decisions. You can plan ahead and decide on the type of care you desire with the use of an advance directive.
Advance directives only apply to decisions regarding medical care; they have no bearing on financial or material considerations. From state to state, there are variations in the legislation governing advance directives.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Perez Company and Rundle Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year.
Perez Company Rundle Company
Actual manufacturing overhead $ 135,100 $ 268,450
Actual direct labor hours 22,000 27,000
Underapplied overhead 16,000
Overapplied overhead $ 25,500
Compute the predetermined overhead rate for each company.
Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.
Answers
To determine the predefined overhead rate for each business, we divide the anticipated overhead costs by the anticipated activity base. In this case, the direct labour hours used by both enterprises serve as the activity base.
How can you determine whether manufacturing overhead is being used too much or too little?In order to determine whether manufacturing overhead was applied too much or too little over the course of time, the cost account of the company must equal the manufacturing overhead account. If credits exceed debits, overhead was overapplied; if debits exceed credits, it was underapplied.
Regarding Perez Company:
Expected direct work hours / estimated overhead costs equals the predetermined overhead rate.
The actual overhead rate and the actual direct labour hours can be used to determine the estimated overhead costs, which are not provided.
Real overhead expenses are equal to (Actual direct labour hours / Expected direct labour hours) / Actual overhead costs.
= $135,100 / (22,000 / 22,000) = $135,100
Predetermined overhead rate = $135,100 / 22,000 = $6.14 per direct labor hour
Regarding Rundle Company:
= $268,450 / (27,000 / 27,000) = $268,450
Predetermined overhead rate = $268,450 / 27,000 = $9.94 per direct labor hour
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Among us how can u play on a school iPad
Answers
Answer:
pretty sure you canttttttttttttttttttttttttt
What are the three types of jobs in the U.S. and how does trade affect each type?
Answers
Answer: Thinkers, Builders, Improvers, are all types of jobs and trade effects it because they need resources to do these things
Explanation:
This is the type of income that reflects what you earn after taxes
Answers
Answer:
net income
(NIAT)
Explanation:
Calip Corporation, a merchandising company, reported the following results for October:
Sales $424,800
Cost of goods sold (all variable) $180,100
Total variable selling expense $18,200
Total fixed selling expense $15,300
Total variable administrative expense $8,700
Total fixed administrative expense $31,200
The gross margin for October is:
a. $171,300
b. $378,300
c. $217,800
d. $244,700
Answers
Answer:
$217,800
Explanation:
Calip corporation reported a sales of $428,800
The cost of goods is $180,100
The total variable selling expense is $18,200
The total fixed selling expense is $15,300
The total administrative expense is $8,700
The first step is to calculate the total variable expense
= cost of goods + variable administrative expense + variable selling expense
= 180,100 + 8,700 + 18,200
= 207,000
Therefore the gross margin for October can be calculated as follows
Sales - total variable expense
= 424,800 - 207,000
= $217,800
Hence the gross margin for October is $217,800
As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry in Ghana. They further require you to advise them on what products or services can target costing be applied.
Answers
Answer:
Explanation:
Target costing is a costing system used to determine the life cycle cost of a product or service while the quality and profit on such products are still maintained.
It relies on the external market condition as the desired profit margin is deducted from the market price to arrive at it.
It is relevant to every every organisation that utilizes cost in the process of producing or providing a service . This means that it can be utilized by banks , looking at the various modern services that banks produce , with the focus shifted to service delivery system.
It can also be applied to the IT industry and the manufacturing industry , every organisation that uses cost with the aim of reducing cost while the quality of products and services are still maintained,
Example of services include provision of savings account , production of IT components , manufacturing of cars etc.
Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to see if any of these skills show up in more than one career cluster. Which skill do you think is the most important for each? Explain your reason.
Answers
Answer:
The career clusters in this unit are Architecture & Construction, Manufacturing, and Transportation & Logistics. The skills for Architecture and construction that would be helpful are creativity, teamwork, leadership, and communication skills. Skills helpful for Manufacturing are Coding, Programming, Teamwork, and digital flexibility, as well as digital fluency. Skills helpful for Transportation and Logistics are Numerical and Analytical Skills, Adaptability, and Foward Thinking. The most important skill for Architecture and Construction is communication skills, This is because when your working on a project you need to display your ideas and actions to the team to stay in sync so nothing gets out of hand or unorganized, especially if you're a manager. The most important skill for Manufacturing is digital flexibility, this is because things are changing every day, especially in technology, so you need to be flexible with the changes so not only you but your work can adapt to new changes. For transportation and logistics, the most important skill is teamwork, mostly because in all jobs in this cluster you will be assigned a team, and you really need to have this skill, so you can work well with others solve problems and make new things. Notice how almost every cluster requires teamwork?
Explanation:
I hope this helps, and if this question is in edmentum in career exploration, thats what im takeing too, hope that makes you feel more comfortable with this answer.
To identify the important skills for each career cluster, it would be helpful to review the specific clusters mentioned in your unit.
1. Identify career clusters: Determine the different career clusters mentioned in your unit. For example, they could include healthcare, business, technology, education, or creative arts.
2. List skills for each cluster: Consider the skills that are important for success in each career cluster. These skills could include technical skills, problem-solving abilities, communication skills, creativity, leadership, organization, or teamwork.
3. Compare skills across clusters: Look for skills that appear in more than one career cluster. For example, communication skills might be important in both business and education. Technical skills might be relevant in both technology and healthcare.
4. Determine the most important skill for each cluster: Assess the skills you have identified and consider which one is most crucial for success in each career cluster. For example, in the business cluster, strong leadership skills might be the most important, while in the healthcare cluster, technical expertise or empathy might be prioritized.
It's important to note that the specific skills and their importance may vary depending on the individual careers within each cluster. To determine the most important skill for each career cluster, you should consider the specific demands and requirements of each profession.
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Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Answers
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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a market make is willing to buy a certain stock for $21.35 per share and sell it for $21.37 per share. here, $21.37 is the
Answers
A market maker is willing to buy a certain stock for $21.35 per share and sell it for $21.37 per share. here, $21.37 is the asking price.
A company or individual is referred to as a market maker if they actively quote two-sided markets for certain security by giving asks and bids as well as the market size for each. Market makers contribute liquidity and depth into markets and make money on the spread between the bid and ask prices.
By acquiring and transferring securities to fulfill the market, market makers basically take on the role of wholesalers; the prices they set take into account supply and demand. A security's price will be low if there is little demand for it and plenty of supply.
An entrepreneur or broker-dealer who trades stocks on a stock exchange for their own account is known as a market maker. Market makers profit from both collecting the spread and trading.
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A market maker is prepared to pay $21.35 per share to purchase a certain stock and to sell it for $21.37 per share. The asking price in this case is $21.37.
If a business or person actively quotes two-sided markets for a particular security by providing requests and bids as well as the market size for each, they are referred to as market makers. Market makers add liquidity and depth to markets and profit from the difference in price between the ask and bid prices.
Market makers essentially assume the function of wholesalers by purchasing and transferring securities to satisfy the market; the prices they establish take into consideration supply and demand. If there is a large supply of a security and little demand for it, the price will be low.
A market maker is a businessperson or broker-dealer who trades equities on a stock exchange for their own account. Market makers make money through trading as well as collecting the spread.
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Note: The complete question would be as bellow,
A market make is willing to buy a certain stock for $21.35 per share and sell it for $21.37 per share.
what does a buisness plan mean
Answers
Answer:
Sometimes, a new business plan is created for an established business that has decided to move in a new direction. A business plan is a written document describing a company's core business activities, objectives, and how it plans to achieve its goals. Startup companies use business plans to get off the ground and attract outside investors.
Explanation:
Answer:
buisness plan means
Explanation:
a document setting out a business's future objectives and strategies for achieving them.
Waterway Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method.
Year
Straight-Line
Sum-of-the-
Years'-Digits
Double-Declining-
Balance
1 $12,420 $20,700 $27,600
2 12,420 16,560 16,560
3 12,420 12,420 9,936
4 12,420 8,280 5,962
5 12,420 4,140 2,042
Total $62,100 $62,100 $62,100
Answer the following questions.
What is the cost of the asset being depreciated?
Cost of asset $
Answers
Answer:
$69,000
Explanation:
The double-declining method uses twice the rate of the straight-line depreciation method.
In this case, we need to determine the depreciation rate under the straight-line method. The asset has a useful life of 5 years.
the depreciation rate = 1/5 x 100
=0.2 x 100
=20%
The Depreciation rate for the double-declining method is 40%. The straight-line method considers salvage value at the beginning, but double-declining depreciates until the salvage value.
In the first year under the double-declining method, the depreciation amount was $27,600.
It means 40% of the asset cost is $27,600.
The asset cost is 100%
40%=$27,600
100% = 27,600/40 x 100
=$690 x 100
=$69,000
Asset cost = $69,000
Derrick is trying to compare several insurance policies. What types of coverage should he compare in each one? What types of coverage might he need in addition to a standard policy?
Answers
Age,health,life exspectancy.Your finances,and debts.Your assets.
2. What are the ways of forecasting cost of sales?
a. cost of materials
b. cost of labor
c. cost of overhead
d. all of the choices
Answers
Answer:
d. all of the choices
Explanation:
Cost of Goods sold = Cost of material purchased + Conversion cost
And
Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.
So, The correct option is - d. all of the choices