For taxation purposes, FIFO presumes that the cost of items sold on the income statement includes the assets with the oldest expenses (COGS).
FIFO method: Why is it used?A weighted average cost accounting system, for example, does not allow for the accounting of variations in product costs, but FIFO allows. When using average cost, the COGS calculation is static until a fresh product purchase.
Why do FIFO and LIFO exist?First in, first out (FIFO) inventory management aims to value inventory to reduce the likelihood that the company would suffer a loss when things go bad or become obsolete. For nonperishable products, LIFO (last in, first out) inventory management is preferable since it determines the cost of commodities sold by using the most recent prices.
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Which section of a business plan gives details about a business's core products and services?
The
section of a business plan talks about a business's core products and services, and their features and benefits
to the consumers.
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
"Monthly Sales Data. A simple random sample of 5 months of sales data provided the following information : Month: 1 2 3 4 5 Units Sold: 94 100 85 94 92 a. Develop a point estimate of the population mean number of units sold per month. b. Develop a point estimate of the population standard deviation"
The point estimate of the population mean number of units sold per month is 93.
To develop a point estimate of the population mean number of units sold per month (a), we can calculate the sample mean. The sample mean is obtained by summing up the individual values and dividing it by the sample size.
In this case, the sample mean is calculated as (94 + 100 + 85 + 94 + 92) / 5 = 465 / 5 = 93.
To develop a point estimate of the population standard deviation (b), we can calculate the sample standard deviation.
The sample standard deviation measures the spread of the data points around the sample mean.
It is calculated by finding the differences between each data point and the sample mean, squaring these differences, summing them up, dividing by the sample size minus one, and finally taking the square root of the result.
Using the given data, the calculations yield a sample standard deviation of approximately 5.92.
It is important to note that these point estimates are based on the assumption that the given sample is representative of the entire population.
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Which option identifies the concept represented in the following scenario? Winn-Dixie has acquired the nine Gooding's grocery stores in Florida.
- vertical consolidation
- horizontal consolidation
- oligopolistic consolidation
- monopolistic consolidation
Answer:
oligopolistic consolidation
Answer:
maybe vertical
Explanation:
Starting your own business requires a separate, unique set of skills and will ask you to _______ as a professional. A. question B. evolve C. retract D. separate
Answer:
B.
Explanation:
Starting your own business requires a separate, unique set of skills and will ask you to Evolve as a professional.
A. question
B. evolve
C. retract
D. separate
Answer: B
Explanation: just did this question and got it right
Marcy wanted to buy Lucy's land and use it to breed small pigs to be kept as pets. Marcy told Lucy that having water on the property was very important. Lucy assured her that a spring ran through one corner of the property. Therefore, Marcy agreed to buy the farm. Although she did not ask Lucy anything about it, Marcy, who loved pigs, assumed that the neighbors would be pleased with the pigs being in the area. In a separate contract, Lucy also agreed to sell Marcy a used truck for $5,000. After the contract for the land sale was entered into, it was discovered that actually the spring did not run through the corner of Lucy's property. The area in which the spring ran actually belonged to a neighbor. Additionally, when Lucy brought Marcy the used truck, Marcy said, "That's not the truck!" It was discovered that Lucy, who had two trucks, thought that Marcy had bought the older truck when Marcy thought she had purchased the newer truck. Marcy was also surprised when she received a petition signed by all surrounding landowners objecting to the presence of the pigs and threatening to sue Marcy for nuisance. Which of the following would be the result if Marcy attempts to rescind the contract and recover damages only on the basis of the neighbors' objection to a pig farm?
1) Marcy may rescind the contract and recover damages because Lucy made an implied misrepresentation.
2) Marcy may rescind the contract, but she may not recover damages because the situation involved a mutual mistake.
3) Marcy may recover damages, but she may not rescind the contract because Lucy made an implied misrepresentation.
4) Marcy may not rescind the contract or recover damages because Marcy made a unilateral mistake.
5) Marcy may rescind the contract, but she may not recover damages because Marcy made a unilateral mistake.
Answer:
5. Marcy may rescind the contract , but she may not recover damages because the situation involved unilateral mistake.
Explanation:
In the given situation marcy could be able to rescind the contract but she could not claim for the damages as the given situation represent the unilateral mistake that means one party mistake. If the mistake is of both the parties than she is able to recover the damages
But in this case this would cant be happen
hence, the last option is correct
10. When developing a business plan for a new venture, an entrepreneur should include a comprehensive description of the customers the new business wants to attract in the A. Market-segment analysis. B. SWOT analysis. C. Promotional plan. D. Corporate philosophy summary.
Which of the following is/are subject to the restrictions of the fair debt collection practice act
The available options are:
A. Amelia, a business creditor attempting to collect her own debt from Bednar, a private party customer who had fallen six-months behind on payments to Amelia.
B. Mees, the owner of a debt collection agency, who is attempting to collect a debt as an agent of Big Corporation.
C. Nichole, a business creditor attempting to collect her own debt from Jared Incorporated, a business debtor that had fallen one-year behind on payments to Nichole.
D. The restrictions of the FDCPA would apply to Amelia the business creditor, Nichole the business creditor and Mees, the debt collection agent.
Answer:
B. Mees, the owner of a debt collection agency, who is attempting to collect a debt as an agent of Big Corporation.
Explanation:
The restrictions of the fair debt collection practice act apply only to the "DEBT COLLECTORS who obtain an account for a collection of debt that belongs to another company."
This is defined by the Federal Trade Commission (FTC) under the Fair Debt Collection Practices Act, Section 803, subchapter 6. The term DEBT COLLECTOR is carefully defined in six categories, and it does not involve business creditors attempting to collect their debt by themselves, the closest is their employees attempting to collect the debt on their behalf.
Hence, considering the available options, the correct answer is "Mees, the owner of a debt collection agency, who is attempting to collect a debt as an agent of Big Corporation."
Consider a linear, upward sloping supply curve. If the supply curve shifts upward, then: the price elasticity of supply will increase. the price elasticity of supply will increase if the slope of the supply curve is greater than one and the lowest price needed to induce firms to supply anything is positive. the price elasticity of supply will increase if the slope of the supply curve is greater than one. the price elasticity of supply will be constant. none of the above
Answer:
The answer is: the price elasticity of supply will increase if the slope of the supply curve is greater than one and the lowest price needed to induce firms to supply anything is positive
Explanation:
The law of supply is the higher the price the higher the quantity supplied and vice-versa. An increase in supply shifts the supply curve to the right and a decrease shifts the supply curve to the left.
Price elasticity of supply is the ratio of percentage change in quantity supplied of a good to percentage change in price of the good.
The upward shift of supply curve tells us that supply often decreases when the costs of production increase, so producers need to set a higher price inorder to cover the higher cost of inputs(cost of production) and vice-versa for the downward shift.
So considering a linear, upward sloping supply curve. If the supply curve shifts upward, then the price elasticity of supply will increase if the slope in greater than one(supply is elastic) indicating a high responsiveness to changes in price. And also, the lowest price for the goods must be encouraging (positive) so as to serve as motivation to produce.
Note: A high price tells producers that a good is in demand and they should make more and vice-versa
The law of supply is the higher the price the higher the quantity supplied and vice-versa. An increase in supply shifts the supply curve to the right and a decrease shifts the supply curve to the left.
Correct option is C.
"the price elasticity of supply will increase if the slope of the supply curve is greater than one and the lowest price needed to induce firms to supply anything is positive."
So, considering a linear, upward sloping supply curve. If the supply curve shifts upward, then the price elasticity of supply will increase if the slope in greater than one(supply is elastic) indicating a high responsiveness to changes in price. And also, the lowest price for the goods must be encouraging (positive) so as to serve as motivation to produce.
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Think of a potential product you might buy or create to sell in your store. Describe this product and estimate how many you think you can reasonably sell your first year in business.
The product that I will sell in my store is Coffee, I will prepare (create) the coffee in store and will sell it, I will be able to sell almost 200 coffee cups per day which makes 73,000 cups per year.
What is a Business?Business is a trade in which a person purchases or makes the inventory and sell it for profit, the strategies are made and acted accordingly to maximize the profit.
The potential business will be a coffee shop where I will sell the coffee that will be prepared in my store, according to a survey an average coffee shop sells 230 cups of coffee everyday, being pessimist and a new coffee shop I am estimating to sell 200 cups of coffee per day which makes 73,000 cups of coffee per year. This coffee cup is estimated to be sold for $3 each and will cost $2 so a profit of $1 will be available on each cup of sale.
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Following are selected accounts for Staples, Inc., for the fiscal year ended January 30, 2016 (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). Staples, Inc. ($ millions) Amount Classification Sales $21,059 Answer I Accumulated depreciation 4,375 Answer B Depreciation expense 388 Answer I Retained earnings 6,900 Answer I Net income 379 Answer I Property, plant & equipment, net 1,586 Answer B Selling, general and admin expense 4,600 Answer I Accounts receivable 1,899 Answer B Total liabilities 4,788 Answer B Stockholders' equity 5,384 Answer B (b) Using the data, compute total assets and total expenses. Total Assets Answer Total Expenses Answer
Answer:
Staples, Inc
a) Staples, Inc. ($ millions) Amount Classification
Income State Balance Sheet
Sales $21,059 I
Accumulated depreciation 4,375 B
Depreciation expense 388 I
Retained earnings 6,900 B
Net income 379 I
Property, plant & equipment, net 1,586 B
Selling, general & admin expense 4,600 I
Accounts receivable 1,899 B
Total liabilities 4,788 B
Stockholders' equity 5,384 B
bi) Total Assets:
Property, plant & equipment, net $1,586
Accounts receivable $1,899
Total Assets = $3,485
bii) Total Expenses
Depreciation expense $388
Selling, general & admin expense $4,600
Total expenses = $4,988
Explanation:
Items that appear in the balance sheet are permanent accounts, whose balances are carried forward from one financial period to another. On the other hand, items that appear in the income statement are temporary accounts or periodic accounts, whose balances are closed to the period's income summary. These accounts are not carried forward to the next accounting period.
A stock index has a value of 1,200, an anticipated dividend of $40.50, and a risk-free rate of 4%. What should be the value of one futures contract on the index? (Round your answer to 2 decimal places.)
Answer:
F = 1500*(1+.0575) - 62; F = 1524.25
Explanation:
Who reports the official United States unemployment rate?
1. Unemployment collection offices.
2. The U.S. Bureau of Labor Statistics.
3. U.S. Federal Reserve.
4. Craig from Craigslist.
Answer:
definitely 4. Craig from Craigslist
Explanation:
In which of the following situations would Elijah be liable for the loss of the wheat against the new buyer?
a. If the buyer had not actually taken possession of the goods. b. If delivery had already occurred. c. If the buyer purchased the entire harvest rather than a portion. d. If the goods were considered fungible.
Answer:
A. If the buyer had not actually taken possession of the goods
Explanation:
You see me now 4 kkt
Answer:
ncvbhrdfh
Explanation:
Answer:
hgfjttfgk,jnhlkgfk,hjlhj
Explanation:
Why do you need long-term coping skills?
Answer:
people who adjust to stressful or traumatic situations through coping mechanisms may be less likely to experience anxiety, depression, and other mental health concerns.
Anxiety, sadness, and other mental health issues may be less common in persons who use coping methods to deal with stressful or traumatic experiences.
Fear, dread, and unease are emotions associated with anxiety. Your heart rate may increase, you could start to perspire, and you might feel anxious and tight. Stress may be the cause of it.
For instance, before taking a test, making a big choice, or dealing with a challenging topic at work, you could have anxiety. You might cope better with it. Your anxiousness could make you more alert or help you concentrate. In contrast, the traumatic experiences can be paralyzing for those who suffer from anxiety disorders.
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A small manufacturing facility is being planned that will feed parts to three heavy manufacturing facilities. The locations of the current plants with their coordinates and volume requirements are given in the following table:
PLANT LOCATION COORDINATES (x, y) VOLUME
(PARTS PER YEAR)
Peoria 293, 302 4,250
Decatur 382, 464 5,850
Joliet 473, 178 3,000
Use the centroid method to determine the best location for this new facility. (Round your answers to 1 decimal place.)
The best location for the new facility, based on the centroid method, is at coordinates (362.4, 371.7).
The centroid method involves calculating the average x-coordinate and average y-coordinate of the existing facilities, weighted by their respective volumes. The location of the new facility will be at the point with these average coordinates.
Using the given information, we can calculate the weighted averages as follows:
Average x-coordinate = ((293 × 4250) + (382 × 5850) + (473 × 3000)) ÷ (4250 + 5850 + 3000)
= 362.4
Average y-coordinate = ((302 × 4250) + (464 × 5850) + (178 × 3000)) ÷ (4250 + 5850 + 3000)
= 371.7
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Who is more likely to object to a proposed 1 percentage point increase in the city sales tax—the owner of a local liquor store or the owner of a local video rental store? Why?
Answer:
The owner of a local liquor store.
Explanation:
Rentals are not taxed in some places.
Which of the following is not true regarding continuous improvement? A. It applies to both service and manufacturing companies. B. It is used to reduce performance costs. C. It rejects the idea of “good enough.” D. It can be applied only to improve processes and products but not services and practices.
The statement that is not true is D. It can be applied only to improve processes and products but not services and practices.
What is Service Organization?A service organization is an organization that offers its services rather than the products usually sold by manufacturing companies and resellers.
In a service organization the most large expense is the human cost also known as the salaries.
If it is a service or manufacturing company, the process can be improved for production of goods and the practice can also be improved.
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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,006,000 and sales for the year total $11,410,000.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. $
b. $
c. $
d. $
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500
What is Bad Debts?Bad debts is the account that reduces the balance of the accounts receivable accounts, the bad debts is an expense account. These are the estimated amount of receivables that will not be received by the company and so is accounted as an expense and deducted from the net accounts receivable.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925 (($11,410,000 * 1% * 1 / 4 ) - $13,600)
(Sales * 1% * 1/4) - Debit balance of allowance account)
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900 ($43,500 - $13,600)
(Closing balance of doubtful account - opening balance)
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575 ($11,410,000 * 1% * 3 / 4) - $5,000)
(Sales * 1% * 3/4) - Debit balance of allowance account)
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500 ($41,500 - $5,000)
(Closing balance of doubtful account - opening balance)
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Joe, an employee at a local Costco, makes $14.75 per hour. Last week he worked the following hours: 10, 8, 9 ,9 ,7 , and 3. What is Joe's gross pay for the week
Answer:
14,75 × (10+8+ 9+9 +7 + 3)
14,75 × 46 =
Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000. The cost of the ending work in process is: Multiple Choice $54,000. $78,000. $114,000. $195,000. None of the answers is correct.
Answer:
$78,000
Explanation:
Calculation for The cost of the ending work in process
First step is to calculate the Material cost per unit.
Material cost per unit = $220,000 / (40,000+15,000)
Material cost per unit= $220,000 / 55,000
Material cost per unit= $4
Second step is to calculate the Conversion cost per unit
Conversion cost per unit= $414,000 / (40,000 + (15,000*40%)
Conversion cost per unit= $414000 / 46000
Conversion cost per unit= $9
Third step is to calculate total cost per equivalent unit
Total cost per equivalent unit= $4 + $9
Total cost per equivalent unit= $13
Fourth step is to calculate the equivalent unit of the ending work in process
Equivalent unit of the ending work in process= 15,000 × 40%
Equivalent unit of the ending work in process= 6,000
Now let calculate cost of the ending work in process
Cost of the ending work in process = 6,000 × $13
Cost of the ending work in process = $78,000
Therefore The cost of the ending work in process is $78,000
A misconception is a misunderstanding.
O True
False
The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.
It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.
Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.
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7. IV flow rate (gtt/min) The nurse is caring for a client prescribed DSXNS IV to infuse at 125 ml/hr. There is a gravity set available with a drop factor of 15 gtt/ml. How many gtt/min will the nurse administer? gtt/min
8. Completion (infusion) time (using military time) The nurse is caring for a client prescribed DSLR IV at 100 ml/hr. The day shift nurse hangs a new 1-liter bag of DSLR at 100 ml/hr at 1100. At what time will a new bag of DSLR need to be hung? (Answer in military ti
7. To calculate the IV flow rate in gtt/min, the nurse needs to first convert the prescribed hourly rate of 125 ml/hr to ml/min by dividing by 60 (minutes in an hour). This gives a rate of 2.08 ml/min.
To determine the number of drops per minute, the nurse then multiplies the ml/min rate by the drop factor of the gravity set.
Which is 15 gtt/ml. This gives a flow rate of 31.25 gtt/min. Therefore, the nurse will administer 31.25 gtt/min for the DSXNS IV infusion.
8. To calculate the completion time for the DSLR infusion, the nurse needs to first determine the infusion rate in ml/min by dividing the prescribed hourly rate of 100 ml/hr by 60. This gives a rate of 1.67 ml/min. The nurse then needs to calculate the time it will take for the 1-liter bag to infuse by dividing the total volume of the bag (1000 ml) by the infusion rate (1.67 ml/min). This gives a completion time of approximately 600 minutes or 10 hours. Therefore, a new bag of DSLR will need to be hung at 2100 military time (11:00 + 10 hours = 21:00).
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The basic premise of unrelated diversification is that:
a. the least risky way to diversify is to seek out businesses that are leaders in their respective industry.
b. the best companies to acquire are those that offer the greatest economies of scope rather than the greatest economies of scale.
c. the best way to build shareholder value is to acquire businesses with strong cross-business financial fit.
d. any company that can be acquired on good financial terms and that has satisfactory growth and earnings potential represents a good acquisition and a good business opportunity.
e. the task of building shareholder value is better served by seeking to stabilize earnings across the entire business cycle than by seeking to capture cross-business strategic fits.
Answer: d. any company that can be acquired on good financial terms and that has satisfactory growth and earnings potential represents a good acquisition and a good business opportunity.
Explanation:
Unrelated diversification refers to the addition of a subsidiary to a company so as to penetrate new markets and make more income.
When a company is deciding on a company to acquire, it will choose one that can be acquired relatively cheaply or at least at a fair value give its assets as well as one that has good growth prospects and potential to earn returns that will increase the returns of the purchasing company.
Unrelated diversification values favorable acquisitions and growth potential over industry leadership or strategic fits for shareholder value. Therefore, option d is correct.
Unrelated diversification refers to a corporate strategy where a company enters into businesses that are unrelated or have little overlap with its current operations or industry.
It involves expanding into new and distinct markets or industries that are not directly related to the company's existing products or services.
The aim of unrelated diversification is to spread business risk, tap into new sources of revenue, and achieve growth by entering unrelated markets.
This strategy often involves acquiring or starting businesses that may offer different growth opportunities or have synergistic potential, despite lacking strategic or operational connections to the existing core business.
Therefore, option d is correct.
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Which examples demonstrate common qualifications for Quality Assurance careers? Check all that apply.
Claudia designs images and writes text for a product advertisement.
Harrison stands for long periods while checking the quality of a factory’s manufacturing process.
Mercedes inspects products on an assembly line to make sure they meet the company’s standards.
Lyle convinces customers to purchase defective products for a discounted price.
Arturo performs laboratory tests to check for pollution in the area near a factory.
Simone weighs and measures products to make sure they are the right size.
Answer:
2, 3, 6
Explanation:
Answer:
2,3,6 just did it on edge
Explanation:
Jamie Lee Jackson, age 26, is in her last semester of college and is waiting for graduation day, just around the corner! It is the time of year again when Jamie Lee must file her annual income taxes. Last year, she received an increase in salary from the bakery, which brought her gross monthly earnings to $2,550 and also opened up a TFSA, to which she contributed $300. Her savings accounts earn 2 percent interest per year, and she also had received an unexpected $1,500 gift from her great aunt. Jamie was also lucky enough last year to win a scholarship of $2,000, most of which was deposited into her regular savings account after paying off her credit card balance.
Current Financial Situation
Assets:
Chequing account: $2,250
Savings account: $6,900 (interest earned last year: $125)
Emergency fund savings account: $3,900 (interest earned last year: $75)
TFSA balance: $350 ($300 contribution made last year)
Car: $3,000
Liabilities:
Student loan: $10,800
Credit card balance: $0
Income:
Gross monthly salary: $2,550
Monthly Expenses:
Rent obligation: $275
Utilities obligation: $135
Food: $130
Gas/maintenance: $110
Credit card payment: $0
Savings:
Regular savings monthly deposit: $175
Rainy-day savings monthly deposit: $25
Entertainment:
Cake decorating class: $40
Movies with friends: $60
Questions
Question:
In Jamie Lee’s situation, what is her marginal tax rate? How would a marginal tax rate compare to an average tax rate?
Gross income = $2,550 salary x 12 = $30,600
raffle prize is $2,000
earned interests are $125 + $75 = $200
IRA deductions are ($300)
Adjusted gross income is equals to $32,500
- standard deduction = ($12,200)
taxable income = $20,300
Taxable income:
The amount of income that must be taxed following a deduction is known as the "taxable income." An individual's income is taxed at the usual state income tax rate. This tax must be paid yearly.
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The Porter family budget in the new city is shown in the graph. Of the seven expenses shown, which of the following is fixed?
housing
food
clothing
medical
Based on the seven expenses of the Porter Family budget, the expense that is fixed is housing.
Why is housing expense fixed?The amount that we pay on housing is often fixed regardless of if we own the house or are leasing it. In the case of owning the house, we would often have to pay for mortgages and these would have fixed amounts.
In the case of a house being leased, we would have to pay for rent which is also often fixed for certain periods of time. The housing expense in the Porter Family budget is therefore fixed.
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Answer:
the answer is A, housing
Explanation:
it usually takes less than two years for it investment to result in a significant increase in productivity in large firms.
a. True
b. False
It is not true that it usually takes less than two years for IT investment to result in a significant increase in productivity in large firms. The correct option is b.
What are firms?Firms are for-profit business organizations such as a corporation, limited liability company or partnership that provides professional services.
A firm mostly associated with businesses that provide professional law and accounting services, but the term may be used for a wide variety of businesses, including finance, consulting, marketing, and graphic design firms, among others.
Most firms have just one location but a business firm consists of one or more physical establishments.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business has the same risk as the firm’s overall operations. The cost of equity is 15 percent and the cost of debt is 3 percent on an after-tax basis. The firm’s capital structure consists of 10 million in equity and 8 million in debt.
What is the most the pet-food manufacturer should pay for acquiring the cat food business per its required return (WACC)?
Answer: $690,044
Explanation:
First calculate WACC.
Total capital = 10 + 8 = $18 million
WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)
= (8/18 * 3%) + (10/18 * 15%)
= 9.67%
Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.
= 180,500 * (1 - (1 + r) ^-n)/r
= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%
= $690,044.67
= $690,044
They should pay no more than this present value.