Sheldon Company's balance in prepaid insurance at the beginning and end of the year was $2,500 and $1,000, respectively. This will be reported on the statement of cash flows using the indirect method as:Multiple choice question.O an increase of $1,500 which will be added to net incomeO an increase of $1,500 which will be subtracted from net incomeO a decrease of $1,500 which will be added to net incomeO a decrease of $1,500 which will be subtracted from net incomeAnswer: a decrease of $1,500 which will be added to net income

Answers

Answer 1

Statement of cash flows using the indirect method as a decrease of $1,500 which will be added to net income.

What is net income?Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.Businesses determine their earnings per share using net income. Since it appears at the bottom of the income statement, net income is frequently referred to as the bottom line by business analysts. In the UK, analysts refer to NI as profit attributable to shareholders.

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Related Questions

1. The text (page. 220-221) tells the story of Mr. Jones who sues Mr. Smith for taking his briefcase even though he loses a significant amount of money. It also tells the story of why Mr. Jones will make Mr. Smith an offer above the rational choice prediction if they are considering a joint venture where both must participate or the venture fails. Explain what is causing these deviations from rational choice theory and why some knowledge of the person you are dealing with is important. (20 points)

Answers

These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.

The Rational Choice Theory states:

A person will always make decisions to favor himself or herselfDecisions are based on rational calculations

Despite this, individuals might make irrational decisions if:

Emotions External factors

In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.

Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.

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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?

Answers

The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.

The introduction of the minimum wage does not increase the total income of workers taken as a group.

How to determine employment and real wage

To find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.

MPN =

\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P

\)

where P is the price of output, which we can assume is equal to 1.

This equation can be rearranged to solve for N:

N =

\((9/2) (K/w)^2\)

Plugging in K = 25 and w = 2, we get:

N =

\((9/2) (25/2^2) = 70.3125\)

To find the real wage, we can plug this value of N into the labor supply curve:

NS =

\(100[(1-t)w]^2 = 100(1-0)(2)^2\)

= 400

Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.

\((9/2)^0.5 (K/N)^0.5 = w/P

(9/2)^0.5 (25/N)^0.5 = 1/2

N = (9/2) (25/2^2) = 70.3125

w = 2(70.3125/100)^0.5 = 1.5811\)

The equilibrium real wage is $1.5811 per hour.

To determine whether the introduction of the minimum wage increases the total income of workers,

Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31

After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:

N =

\((9/2) (25/2^2) / (2)^2 = 35.15625\)

Total income after minimum wage = wN = 2 x 35.15625 = $70.31

Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.

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You call a coworker to see if they can come help you solve a problem

Answers

yes/true/correct/not false


What is the purpose of database normalization in tables?

Answers

Answer:

This includes creating tables and establishing relationships between those tables according to rules designed both to protect the data and to make the database more flexible by eliminating redundancy and inconsistent dependency.

Answer: its A

Explanation:

Which of the following shows the correct order in which organs take part in the process of digestion? (5 points) Esophagus, mouth, stomach Mouth, esophagus, stomach Mouth, stomach, esophagus Stomach, mouth, esophagus

Answers

the correct order of digestion is mouth, esophagus, stomach

Answer:

Mouth, esophagus, stomach

Explanation:

The following graph compares the greenhouse gas emissions from different forms of electricity production.

A bar graph of C O 2 equivalent emissions for full energy chain in grams per kilowatt hour lists the minimum and maximum values for the following sources: Coal, 860, 1290; Oil; 689, 890; Gas, 460, 1234; Hydro, 16, 410; Nuclear, 9, 30; wind, 11, 75; Solar P V, 30, 279; and Biomass, 37, 116.
Which conclusion is supported by the information in the graph?
Nuclear power releases less greenhouse gases than other forms of power.
Nuclear power releases an average amount of greenhouse gases.
Nuclear power releases no greenhouse gases.
Nuclear power releases more greenhouse gases than other forms of power.

Answers

Answer:

A.Nuclear power releases less greenhouse gases than other forms of power.

Explanation:

correct on edge

Nuclear power releases fewer greenhouse gases than other forms of power is supported by the information in the graph. Thus, option A is correct.

What is electricity production?

The oxidation-reduction reactions in MFCs produce electrical energy as the consequence of the release, movement, and reception of electrons from biological processes. comparable emissions across the entire energy chain

The cheapest and greatest values are shown in a graph with bars of the C O 2 comparable emissions for the entire energy chain in grams per kilowatt hour.

That's because nuclear reactors harness fission, an anatomical procedure that separates uranium atoms and produces heat, to make tremendous quantities of energy. Compared to other kinds of energy, nuclear power emits fewer greenhouse emissions.

Therefore, option A is correct.

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Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. Hormel is giving its customers a

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Hormel is giving its customers a cash discount.

What is cash discount?

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its  food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of  10 days.

Inconclusion Hormel is giving its customers a cash discount.

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A Personal Outcomes approach changes ______ and _______

Answers

A Personal Outcomes approach changes the focus and power dynamic in service delivery.

Answer:record keeping , planning

Explanation:

A successful data-driven market segmentation program depends on each of the following except:

a.
the rejection of tradiitional marketing research techniques

b.
the use of transactional and event data

c.
a common definition of market segments across all areas of the business

d.
developing a centralized and accessible CRM (Customer Relationship Management) database

Answers

A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

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If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to​

Answers

Answer:

$80,000

Explanation:

From marginal analysis concepts, the break-even point is determined using the formula.

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

For this firm,

break -even = 40,000 units

Contribution margin per unit = selling price - variable costs

=$6 - $4 =$2

Therefore:

40,000 = fixed costs/ $2

Fixed costs = $40,000 x 2

Fixed costs = $80,000

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

what is the difference between hire purchase and differed payment?​

Answers

Explanation:

In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.

Explanation:

Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons

You are the financial manager of Monsteria (Pty) Ltd ("Monsteria"), a company within the horticultural industry. Monsteria currently runs a very popular online store supplying indoor and outdoor plants to both corporate and private clients. Monsteria has grown at an exponential rate and now wishes to raise funds for the building of their very first brick-and-mortar retail store which will offer the public an opportunity to shop in store for their plant needs. In your capacity as financial manager, you will need to calculate the weighted average cost of capital (WACC) to assess the expected minimum return from the project. You have been provided with the following information. The following is an extract from the statement of financial position as at 30 April 2022: EQUITY AND LIABILITIES Total Equity Ordinary Shares 10% Preference Shares Non-current liabilities 11.5% Long term loan 8% Debentures Current Liabilities Trade and other payables Bank overdraft Total Equity and Liabilities Notes Additional Information: 5. The current prime rate is 9.25% 6. The corporate taxation rate is 28%. Notes Required: 1 2 3 4 5 R'000 5 500 800 2 000 6 000 500 1. Ordinary shares were initially issued at R6.40 per share. The shares currently have a market value of R7.80 per share. MonExt has a beta of 1.5, a risk-free rate of 8% and a market risk premium of 7%. 2. Three years ago, the preference shares were issued at R4 each. Similar preference shares are currently trading at 10%. 3. The long-term loan, issued on 30 April 2020, is repayable in full in five years' time. The effective pre-tax cost of debt is 4% above prime. 4. The debentures were issued at the beginning of this current financial year (1 May 2021) and will be redeemed at a discount of 7% on 30 April 2025. The market rate for similar debentures is 8,5%. 1 000 Using the information above, fill in the WACC table provided to calculate the final WACC.​

You are the financial manager of Monsteria (Pty) Ltd ("Monsteria"), a company within the horticultural

Answers

The financial manager of Monsteria (Pty) Ltd ("Monsteria"), an employer in the horticultural enterprise.

The WACC table is provided to calculate the final WACC: WACC primarily based on the given statistics and take a look at whether the funding return of five.5% exceeds its value of capital if the tax price is 32%.

Financial managers perform data evaluation and advocate for senior managers on earnings-maximizing ideas. economic managers are liable for the financial health of an employer. they invent financial reports, direct funding activities, and develop plans for the long-term economic dreams of their company.

To be a successful financial manager calls for abilities that include forecasting, growing economic reviews, developing dealerships, making sure compliance, and information licensed public accounting.

Financial managers normally oversee the monetary health of an organization and assist make certain its persisted viability. They supervise vital functions, along with tracking coins float, figuring out profitability, managing costs, and generating accurate economic records.

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Which of the following is subjective factor that colleges might consider when evaluating your application?

A. How your cumulative GPA compares to other applicants
B. How you conduct yourself during an on-campus interview
C. How many college prep courses you take in your senior year
D. How well you score on a College Board AP exam

Answers

Answer:

B. How you conduct yourself during an on-campus interview

Explanation:

The impact you may have on college admission officers makes this response subjective; the better your impression, the more likely you will be admitted to your selected university.

The subjective factor that colleges might consider when evaluating your application is how you conduct yourself during an on-campus interview. Thus, option 'B' is correct.

How conducting yourself during an on-campus interview is a subjective factor?

Research is the initial stage in any interview process. Having as much knowledge as you can about the management and structure of the business will make you sound more knowledgeable. Additionally, doing your research can help you demonstrate your interest in that particular employer and clarify whether it's the type of place you actually want to work.

Candidates should spend some time on the corporate website learning about the firm's goals and mission. The better it is if those work ideals align with your own. Consider what is important to you. It may be diversity in the workplace, flexible hours, a remote setting, inclusion, or just a relaxed atmosphere.

Examine the job description and underline your corresponding abilities. Adjust your response to the situation. Therefore, option 'B' (How you conduct yourself during an on-campus interview) is the correct option.

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At the end of each month, a company pays its employees. Payroll information below is for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federal unemployment tax maximum salary of $7,000 in January. Salaries $ 1,000,000 Federal and state income taxes withheld 170,000 Federal unemployment tax rate 0.80 % State unemployment tax rate (after FUTA deduction) 5.40 % Social Security (FICA) tax rate 7.65 %

Required:
Record salaries expense and payroll tax expense for the January pay period.

Answers

Answer:

January 31, 202x, wages expense

Dr Wages expense 1,000,000

    Cr Federal income taxes withheld payable 170,000

    Cr FICA taxes withheld payable 76,500

    Cr Cash 246,500

   

Taxes are generally paid the next month, that is why they are recorded as payable. This applies to both withheld taxes and payroll taxes.

January 31, 202x, payroll expense

Dr FICA taxes expense 76,500

Dr FUTA taxes expense 8,000

Dr SUTA taxes expense 54,000

    Cr FICA taxes payable 76,500

    Cr FUTA taxes payable 8,000

    Cr SUTA taxes payable 54,000

Two companies, Ghost and Phantom manufacture similar printer color cartridges. The following data for the two companies for the year 2020 are provided below:

Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Required:
1- Calculate the Break Even Point (BEP) in dollars for each company.
2- Calculate the percentage margin of safety for each company.
3- If sales of the product in Ghost company are equal to 3,000 units, determine the BEP (in units), and present the Break-even chart.
4- In 2020, Phantom plans to increase the variable cost by $4 while the fixed cost and the selling price will remain constant. Calculate the number of units to be sold in order to earn the same profit as Ghost in 2020 (the number of units for both Phantom and Ghost is equal to 3000).
5- Based on your answers to parts 1 and 2, Discuss which company has a safer financial position, and why.

Answers

1. The calculation of the break-even point in dollars is

                                                     Ghost ($)      Phantom ($)

Break-even Point in dollars       $45,000      $48,000

                                            ($27,000/60%)      ($28,800/60%)

2. The calculation of the percentage margin of safety is as follows:

                                                     Ghost ($)      Phantom ($)

Percentage margin of safety             50%       55.6%

                          ($45,000/$90,000 x 100)       ($60,000/$108,000 x 100)

The margin of safety = Sales revenue - break-even revenue

=                                          $45,000         $60,000

3. The determination of the break-even units in Ghosts Company is as follows:

= Fixed costs/Contribution margin per unit

= 1,500 units ($27,000/$18)

4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 from $14) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).

What is a break-even chart?

A breakeven chart shows the sales volume level at which total costs equal sales revenue.

In a break-even chart, losses are incurred below the break-even point, and profits are earned above the break-even point

Thus, the break-even chart plots revenue, fixed costs, and variable costs on the vertical axis, and volume on the horizontal axis.

Data and Calculations:

                                              Ghost ($)     Phantom ($)

Sales revenue                        90,000          108,000

Total costs                              63,000            72,000

Variable Costs                       40 % of sales revenue 40%

Variable costs =                    $36,000          $43,200 ($108,000 x 40%)

Contribution margin             $54,000          $64,800

Fixed costs =                         $27,000          $28,800 ($72,000 - $43,200)

Contribution margin ratio     60%                 60% (100% - 40%)

1. Break-even Point in dollars $45,000      $48,000 ($28,800/60%)

2. Percentage margin of safety 50%       55.6% ($60,000/$108,000 x 100)

The margin of safety = Sales revenue - break-even revenue

=                                          $45,000         $60,000

3. Break-even units in Ghosts Company = Fixed costs/Contribution margin per unit

= 1,500 units ($27,000/$18)

Sales price per unit = $30 ($90,000/3,000)

Variable cost per unit = $12 ($36,000/3,000)

Contribution margin per unit = $18 ($30 - $12)

4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 or $14 + $4) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).

Sales price per unit = $36 ($108,000/3,000)

Variable cost per unit = $18.40 ($55,200/3,000)

Contribution margin per unit = $18 ($36 - $18)

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What makes this business IM inappropriate?
Message: Thnx for ur patience, Mrs. Adams.
A.It is too short.
B.It is grammatically wrong.
c.It uses chat abbreviations.
D.It isn't clear.

Answers

C. “Thnx” is an abbreviation for thanks

6) When you were leading your in-house team, you displayed optimism by your demeanor each day. How can you best instill a spirit of optimism with your new remote team?

A) Frame challenges as opportunities and provide the tools to meet those opportunities.

B) Frame challenges as a part of business life and encourage your team to find ways to overcome them.

C) Display your same optimistic attitude when you are on video calls with your remote team.

Answers

One can best instill a spirit of optimism in your new remote team by displaying the same optimistic attitude when you are on video calls with your remote team. Thus the correct option is D.

As a leader, your approach and attitude can have a huge impact on the well-being and drive of your team, especially while working remotely.

Encouraging your team to solve difficulties and emphasizing the opportunities that challenges bring can also assist to build an optimistic and resilient attitude.

By regularly demonstrating an upbeat attitude during video calls and other contacts with your team, you can help to establish a sense of optimism and enthusiasm among your team members.

Therefore, option D is appropriate.

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the correct answer for monopoly please

Answers

control of the supply of trade

[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market

Answers

The elasticity of supply for televisions:  2. less elastic than supply in the market for televisions.

To calculate the elasticity of supply, we use the midpoint formula, which is given by:

Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)

First, we need to calculate the percentage change in quantity supplied:

Change in quantity supplied = New quantity supplied - Initial quantity supplied

Change in quantity supplied for televisions = 800 - 1,000 = -200

Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100

Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%

Next, we calculate the percentage change in price:

Change in price = New price - Initial price

Change in price = $1,200 - $800 = $400

Percentage change in price = (Change in price / Initial price) * 100

Percentage change in price = ($400 / $800) * 100 = 50%

Now, we can calculate the elasticity of supply for televisions:

Elasticity of Supply = (-20% / 50%) = -0.4

The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.

The answer is: 2. less elastic than supply in the market for televisions.

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Complete question:

Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.

Supply in the market for smartphones is

the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.

The financial statements for Castile Products, Inc., are given below:

Castile Products, Inc. Balance Sheet December 31 Assets

Current assets:
Cash $21,000
Accounts receivable, net 230,000
Merchandise inventory 350,000
Prepaid expenses 11,000
Total current assets 612,000
Property and equipment, net 870,000
Total assets $1,482,000

Liabilities and Stockholders' Equity Liabilities:
Current liabilities $300,000
Bonds payable, 10% 350,000
Total liabilities 650,000
Stockholders’ equity:
Common stock, $5 par value $180,000
Retained earnings 652,000
Total stockholders’ equity 832,000
Total liabilities and stockholders’ equity $1,482,000

Castile Products, Inc.
Income Statement
For the Year Ended December 31
Sales $2,800,000
Cost of goods sold 1,612,500
Gross margin 1,187,500
Selling and administrative expenses 640,000
Net operating income 547,500
Interest expense 33,000
Net income before taxes 514,500
Income taxes (30%) 154,350
Net income $360,150

Account balances at the beginning of the year were: accounts receivable, $170,000 and inventory, $360,000. All sales were on account.

Required:

Compute the following financial ratios:

1. Working capital
2. Current ratio
3. Acid-test ratio
4. Debt-to-equity ratio
5. Times interest earned ratio
6. Average collection period. (Use 365 days in a year.)
7. Average sales period. (Use 365 days in a year.)
8. Operating cycle

Answers

Answer and Explanation:

The formula and the computations are shown below:

1. Working capital is

Working capital = Currents assets - current liabilities

= $612,000 - $300,000

= $312,000

2. The current ratio is

Current ratio = Current assets ÷ Current liabilities

= $612,000 ÷ $300,000

= 2.04 times

3. Acid test ratio is

Acid test ratio = Quick assets ÷ Current liabilities

where,

Quick assets = Cash + account receivable

                      = $21,000 + $230,000

                      = $251,000

And, the current liabilities is $300,000

So, the acid test ratio is

= $251,000 ÷ $300,000

= 0.84 times

4. Debt to equity ratio

= Total liabilities ÷ Total stockholder equity

= $650,000 ÷ $832,000

= 0.78 times

5. Time interest earned ratio is

= Earning before interest and taxes ÷ interest expenses

= ($514,500 + $33,000) ÷ ($33,000)

= 16.59 times

6. Average collection period is

= Total number of days in a year ÷ account receivable turnover ratio

where,

Account receivable turnover ratio is

Net credit sales ÷ Average accounts receivable  

where,  

Net credit sales is $2,800,000

And, the Average accounts receivable would be

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ($170,000 + $230,000) ÷ 2

= $200,000

So, the accounts receivable turnover ratio would be

= $2,800,000 ÷ $200,000

= 14 times

So, average collection period is

= 365 days ÷ 14

= 26.07 days

7. Average sales period =

= Total number of days in a year ÷ inventory turnover ratio

where,

Inventory turnover ratio is

= cost of good sold  ÷ Average inventory

where,  

Cost of goods sold is $1,612,500

And, the Average inventory would be

= (Inventory, beginning of year + Inventory, end of year) ÷ 2

= ($360,000 + $350,000) ÷ 2

= $355,000

So, the invnetory turnover ratio would be

= $1,612,500 ÷ $355,000

= 4.54 times

So, average sales  period is

= 365 days ÷ 4.54

= 80.40 days

8. Operating cycle is

The operating cycle = Days inventory outstanding + days sale outstanding

= 80.40 days + 26.07 days

= 106.47 days

Which of the following are characteristics of a perpetuity?
A. A perpetuity continues for a fixed time period.
B. In a perpetuity, returns—in the form of a series of identical cash flows—are earned.
C. The present value of a perpetuity is calculated by dividing the amount of the payment by the investor’s opportunity interest rate.
D. A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.

Answers

Characteristics of perpetuity are it is series of payment for an infinite period and its present value is calculated by dividing the amount of the payment by interest rate, so the correct answers are (c) and (d).

In the financial system, perpetuity relates to a scenario in which a series of cash flow payments lasts a lifetime or is an endless annuity. Perpetuities are employed in valuation studies to calculate a company's terminal value and the present value of its projected future earnings stream. A perpetuity is basically a sequence of cash flows which never stop.

As per the questions the basic features of annuity are that its present value is calculated by dividing the amount of the payment by the investors' opportunity interest rate and it is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.

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elasticity of damand​

Answers

Price elasticity of demand, is the degree to which the effective desire for something changes as its price changes. In general, people desire things less as those things become more expensive

Departmental information for the four departments at Samoa Industries is provided below.

Total Cost Cost Driver Square Feet Number of
Employees
Janitorial $150,000 Square footage serviced 200 40
Cafeteria 50,000 Number of employees 20,000 12
Cutting 1,125,000 4,000 120
Assembly 1,100,000 16,000 40
The Janitorial and Cafeteria departments are support departments. Samoa uses the sequential method to allocate support department costs, first allocating the costs from the Janitorial Department to the Cafeteria, Cutting, and Assembly departments.
1. Determine the dollar amount of the Janitorial Department costs to be allocated to the:
a. Cafeteria Department
b. Cutting Department
2. Determine the dollar amount of the Cafeteria Department costs to be allocated to the:
a. Cutting Department
b. Assembly Department

Answers

Answer:

Samoa Industries

1. The dollar amount of the Janitorial Department costs to be allocated to the:

a. Cafeteria Department = $75,000  

b. Cutting Department = $15,000

2. The dollar amount of the Cafeteria Department costs to be allocated to the:

a. Cutting Department = $93,750

b. Assembly Department = $31,250

Explanation:

a) Data and Calculations:

                  Total Cost   Cost Driver                    Square Feet   Number of

                                                                                                    Employees

Janitorial    $150,000    Square footage serviced        200             40

Cafeteria       50,000    Number of employees      20,000              12

Cutting      1,125,000                                                  4,000            120

Assembly  1,100,000                                                16,000              40

Allocation of Departmental Costs:

                         Janitorial     Cafeteria       Cutting      Assembly

Total Costs      $150,000     $50,000    $1,125,000  $1,100,000

Janitorial dept. (150,000)       75,000           15,000        60,000

Cafeteria dept.             0     (125,000)          93,750         31,250

Total allocated costs                              $1,233,750   $1,191,250

your subordinates have not been responding to your friendly conversation and obvious concern for their welfare. their performance is not as good as it should be and is getting worse​

Answers

I should Emphasize the use of uniform procedures and the necessity for task accomplishment.

If my subordinate is not responding to my conversations and is also not performing well then i should talk to him politely and also understand what is the things which id bothering him/her and if i can then help in any way possible.

also because the work performance is growing weaker then i should emphasis on the uniform procedure and make him realize the importance of work and motivate him to perform well in upcoming projects.

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price an investor pays to purchase outstanding bond

Answers

The price an investor pays to purchase an outstanding bond is typically referred to as the "purchase price" or "transaction price." This price is determined by various factors, including the bond's face value, coupon rate, current market interest rates, and the remaining time to maturity.

When a bond is traded on the secondary market, its price may differ from its face value. If the bond's coupon rate is higher than the prevailing market interest rate, the bond may be sold at a premium, meaning the purchase price will be higher than the face value. Conversely, if the coupon rate is lower than the market interest rate, the bond may be sold at a discount, and the purchase price will be lower than the face value.

The purchase price of a bond is influenced by supply and demand dynamics, credit rating changes, economic conditions, and investor sentiment. It is important for investors to consider these factors when determining the price they are willing to pay for an outstanding bond in order to achieve their desired yield or return on investment.

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A closed economy has full employment level of output (Y) of 7000 (we got this from chapter 3 - the interaction of labor supply and demand). Government purchases, G, are 1600, taxes (T) are 1600 (G and T are our exogenous variables). Desired consumption (Cd) and investment (Id) are:

C^d= 3200+ 0.2(Y-T)- 200r
I^d= 1200- 3000r

Required:
Solve for the desired savings function in intercept -slope form

Answers

Answer:

sd = 2720-200r

Explanation:

we have savings function to be this eqiuaton

Sd = Y - C^d

from the question we have here:

Y = 7000

T = 1600

C^d = 3200+ 0.2(Y-T)- 200r

we put these values in the savings function

Sd = 7000 - [3200 + 0.2(7000-1600)-200r

Sd = 7000 - [3200 + 1400 - 320] -200r

Sd = 7000 - 3200 - 1400 + 320 - 200r

Sd = 2720 - 200r

If the elasticity of demand for college textbooks is -0.1, and the price of textbooks increases by 20%, how much will the quantity demanded change, and in what direction

Answers

Answer:

The quantity demanded will decrease by 2%.

Explanation:

This can be determined using the elasticity formula as follows:

e = Percentage change in quantity demanded change / Percentage change in price ........ (1)

Where;

e = elasticity of demand for college textbooks = -0.1

Percentage change in quantity demanded change = ?

Percentage change in price = 20%

Substituting the values into equation (1) and solve for Percentage change in quantity demanded change

-0.1 = Percentage change in quantity demanded change / 20%

Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%

Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.

the times interest earned ratio is computed by taking income before interest expense and income taxes divided by expense

Answers

The time's interest earned ratio is computed by taking income before interest expense and income taxes divided by interest expense.

An price is an object requiring an outflow of money, or any shape of fortune in standard, to some other character or organization as price for an object, provider, or other class of prices. For a tenant, rent is an price. for college kids or dad and mom, lessons is an expense. shopping for meals, apparel, furnishings, or an car is frequently referred to as an fee. An expense is a price this is "paid" or "remitted", normally in exchange for something of fee. some thing that appears to price a first rate deal is "highly-priced". something that seems to cost little is "inexpensive". "fees of the table" are expenses for eating, refreshments, a dinner party, and many others. In accounting, expense is any precise outflow of coins or different valuable belongings from a person or business enterprise to any other man or woman or company.

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define federal deposit insurance corporation.​

Answers

The federal deposit insurance corporation is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance covers all deposit accounts , including: checking accounts, savings accounts ,money market deposit accounts.
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