For the three projects under analysis, a. component costs are debt 9% and equity 16.10%, and break point is 6.47%. b. The WACC's is 12.90%. c. The optimal capital budget is $15,000,000..
a. Calculation of component costs
1. Debt:
Wd = D/(D+E)
Wd = 40%
D = $17,000,000(1 - 10%) = $15,300,000
E = $23,000,000
Cost of Debt before-tax rate = rd = 12%
Corporate Tax Rate = T = 25%
Cost of Debt after-tax rate = rd(1-T)
rd(1-T) = 12%(1-25%) = 9%
2. Equity:
We will use the CAPM model to calculate the cost of equity as follows:
CAPM Model: Ke = Rf + β * (Rm - Rf)
Where, Ke = cost of equity, Rf = Risk-Free rate = 2.50%, β = beta coefficient, Rm = Expected Market return = 12.00% (given in the question)
Ke = 2.50% + 1.40*(12.00% - 2.50%) = 16.10%
Weighted Average Cost of Capital (WACC)
WACC = (1 - T)*rd * Wd + Ke * We
WACC = (1 - 25%)*9%*40% + 16.10%*60%
WACC = 12.90%
3. Breakpoints
We can calculate Breakpoints as follows:
BPN1 = amount of financing at which the before-tax cost of debt rises above the cost of equity. To calculate the breakpoint, we can use the following formula:
BPN1 = D/(D+E)*rd
Before-tax cost of debt rises above the cost of equity, when D/(D+E)*rd > KeBPN1 = $15,300,000/($15,300,000 + $23,000,000)*12%
BPN1 = 7.49%
BPN2 = amount of financing at which the before-tax cost of debt rises above 14%.
To calculate the breakpoint, we can use the following formula:
BPN2 = D/(D+E)*rd
BPN2 = $15,300,000/($15,300,000 + $23,000,000)*14%
BPN2 = 6.47%
b. Calculation of WACC
WACC = (1-T)*rd*Wd + Ke*We
WACC = (1-25%)*9%*40% + 16.10%*60%
WACC = 12.90%
c. Calculation of optimal capital budget
To determine the optimal capital budget, we need to calculate the NPV and IRR of each project, and choose the projects that have positive NPV and IRR greater than the cost of capital.
Project a:
NPV = -$19,000,000 + $18,000,000 / (1 + 12.9%) + $19,000,000 * 18% / (1 + 12.9%) ^ 2
NPV = -$2,626,343
IRR = 18%
Project β:
NPV = -$25,000,000 + $18,000,000 / (1 + 12.9%) + $25,000,000 * 16% / (1 + 12.9%) ^ 2
NPV = -$9,291,261
IRR = 16%
Project 2:
NPV = -$15,000,000 + $18,000,000 / (1 + 12.9%) + $15,000,000 * 14% / (1 + 12.9%) ^ 2
NPV = $1,399,183
IRR = 14%
We can conclude that project 2 is the optimal investment as it has the highest NPV and IRR greater than the cost of capital. Therefore, the optimal capital budget is $15,000,000.
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nvestors and creditors rely heavily on managerial accounting information in making investment and lending decisions. TRUE or FALSE. false
False. Investors and creditors frequently depend on financial accounting data and external auditing reports to make investment and lending choices, even though managerial accounting data can offer useful
The term "managerial" describes the obligations and tasks of a manager. This include managing a team, establishing objectives, coming to choices, allocating resources, and assuring the success of the business. Effective leadership, decision-making, problem-solving, and communication are all essential components of management talent. A manager has to be well-versed on the company's aims and objectives, as well as the market and industry in which it operates. In addition to ensuring that the business is running smoothly, good managers are able to inspire their staff and foster a healthy work atmosphere.managerial accounting information in
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Using the discriminant analysis techniques to predict the bankruptcy, answer the following credit worthiness questions regarding Honda and Toyota. The informations for both corporations are shown as follows. Current assets Total assets Current liabilities Shareholders' equity Book value of shareholder's equity Net Revenue Retained earnings Earnings before interest and taxes Market price per share Honda (in million) 7,877 13,535 7,519 a. Calculate the market value for both corporations b. What is the book value of debt for Honda and Toyota? 4,694 8,788 6,168 1,364 1,731 0.20 c. Compute the Z-score for both corporations. d. Explain why Honda have different Z-score from Toyota e. Which corporation has the high possibility of going bankrupt? Explain. Toyota (in million ¥) 9,726 13,670 6,778 5,622 9,835 6,888 839 3,194 0.40
Calculation of the market value for Honda and Toyota:Market value = Total number of shares x Market price per shareMarket value of Honda= Total number of shares x Market price per shareMarket value of Honda = 1.731 billion shares\(x $35.89\)per share \(= $62.08\)
Calculation of Z-scores for Honda and Toyota:Z-score for Honda =\(1.2A + 1.4B + 3.3C + 0.6D + 1.0\)EZ-score for Honda =\(1.2(7.877/13.535) + 1.4(4.694/13.535) + 3.3(0.20) + 0.6(1,364/13.535) + 1.0(0)\)Z-score for
Honda = 0.40Z-score for Toyota \(= 1.2A + 1.4B + 3.3C + 0.6D + 1.0EZ-score for
Toyota = 1.2(9.726/13.670) + 1.4(8.788/13.670) + 3.3(0.40) + 0.6(839/13.670) + 1.0(6,888/13.670)\)
Z-score for Toyota = 3.50d.
This difference in ratios leads to differences in Z-scores.e. Explanation of which corporation has the high possibility of going bankrupt:Toyota has a lower Z-score of 3.50 compared to Honda's Z-score of 0.40. This indicates that Toyota is more likely to face bankruptcy than Honda. A Z-score of less than 1.81 indicates a high probability of bankruptcy within two years. Therefore, Toyota is more likely to face bankruptcy in the next two years than Honda.
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Seiko’s current salary is $85,000. Her marginal tax rate is 32percent and she fancies European sports cars. She purchases anew auto each year. Seiko is currently a manager for an Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porschedealer. The new position pays only $75,000 per year, but it allows employees to purchase one new car per year at a discount of$15,000. This discount qualifies as a nontaxable fringe benefit.Inan effort to keep Seiko as an employee, Idaho Office Supply offersher a $10,000 raise. Answer the following questions about thisanalysis. b. Financially, which offer is better for Seiko on an after-tax basis and by how much?(Assume that Seiko is going to purchase thenew car whether she switches jobs or not.)
1. The after-tax income is 57800. 2. The after-tax income is $55800.
To determine which offer is better for Seiko on an after-tax basis, we need to compare the after-tax income under each offer. Let's calculate the after-tax income for both scenarios.
1. Current Job at Idaho Office Supply:
Salary: $85,000
Income after taxes:
Taxable Income = Salary - Nontaxable fringe benefit
Taxable Income = $85,000 - $0 (no nontaxable fringe benefit)
Tax owed = Marginal tax rate * Taxable Income
Tax owed = 32% * $85,000
After-tax income = Salary - Tax owed
After-tax income = $85,000 - (0.32 * $85,000)
After-tax income = $57800
2. New Job at BMW and Porsche Dealer:
Salary: $75,000
Nontaxable fringe benefit: $15,000
Income after taxes:
Taxable Income = Salary - Nontaxable fringe benefit
Taxable Income = $75,000 - $15,000
Tax owed = Marginal tax rate * Taxable Income
Tax owed = 32% * ($75,000 - $15,000)
After-tax income = Salary - Tax owed
After-tax income = $75,000 - (0.32 * ($75,000 - $15,000))
After-tax income = $55800
Now we can calculate the difference in after-tax income between the two offers:
Difference in after-tax income = After-tax income (New Job) - After-tax income (Current Job)
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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In a five paragraph essay compare the role of citizens in the federal government, and in your state and local governments. Be sure to include: a. Criteria for membership as a citizen b. Different types of elections c. Civic responsibilities and duties
Answer:
I think it's C)
Explanation:
what traits should i have to become a model?
Answer:
Self worth, positivity, self esteem, respectfulness
Explanation:
Answer:
a good body, attractive, confidence
Find the demand function for each marginal revenue function. Recall that if no items are sold, the revenue is 0. R^{\prime}(x)=500-0.15 \sqrt{x}R
(x)=500−0.15
x
The marginal revenue function, locate the demand function is P = 0.02x² -0.025x + 152 when R'(x) = 0.06x² - 0.05x + 152.
Given that,
We have to find for the marginal revenue function, locate the demand function.
Remember that the income is zero if no things are sold:
R'(x) = 0.06x² - 0.05x + 152p(x) is what.
We know that,
MR = dTR/dx = 0.06x² - 0.05x + 152
Integrating the marginal revenue function , we get total revenue function,
MR = TR
= (0.06x²⁺¹)/(2+1) - (0.05x¹⁺¹)/(1+1) + 152x
= (0.06x³)/3 - (0.05x²)/2 + 152 x
TR = 0.02 x³ - 0.025 x² + 152 x
TR = (P)(Q) = (P)(x) = 0.02 x³ - 0.025 x² + 152 x
P = ( 0.02 x³ - 0.025 x² + 152 x)/x
P = 0.02x² -0.025x + 152
Therefore, The marginal revenue function, locate the demand function is P = 0.02x² -0.025x + 152 when R'(x) = 0.06x² - 0.05x + 152.
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Investment 2 Study questions Practice Questions: 1. On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year? (refer slides for the formula) Sol: 25. 8% 2. Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1. 30 in dividends per share. What is her holding period return? Sol: 18. 9% 3. On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year? Sol: -1. 9%
The holding period return for Stacy's portfolio for the year is 25.8%. The holding period return for Suzanne's stock is 18.9%.Tim's holding period return for the year is -4.67%, indicating a negative return.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
In Stacy's case, the beginning value of her portfolio on January 1 was $96,534, and the ending value on December 31 was $113,201. She received $3,285 in interest, $4,100 in dividends, and had a gain of $850 from selling a stock. She also withdrew $5,000 at the end of June.
Holding Period Return = [($113,201 - $96,534 + $3,285 + $4,100 + $850) - $5,000] / $96,534
= ($24,902 + $4,100 + $850 - $5,000) / $96,534
= $24,852 / $96,534
= 0.257 or 25.8%
Therefore, the holding period return for Stacy's portfolio for the year is 25.8%.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends] / Beginning Value
In Suzanne's case, the beginning value of the stock was $28 per share, and the ending value was $32 per share. She received $1.30 in dividends per share.
Holding Period Return = [($32 - $28) + $1.30] / $28
= ($4 + $1.30) / $28
= $5.30 / $28
= 0.189 or 18.9%
Therefore, Suzanne's holding period return for the stock is 18.9%.
In the case of Tim's portfolio, the holding period return for the year is -1.9%.
Tim's portfolio had an initial value of $432,098 on January 1 and a value of $398,189 on December 31. He received $10,563 in interest and $15,060 in dividends. However, he sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any additional funds or make any withdrawals during the year.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
= [($398,189 - $432,098) + $10,563 + $15,060 + (-$12,870)] / $432,098
= (-$33,909 + $10,563 + $15,060 - $12,870) / $432,098
= -$20,156 / $432,098
= -0.0467 or -4.67%
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Which one of the following is the most important source of risk from owning bonds? a) Interest Rrate risk. b) Inflation. c) corporate credit rating. d) Liquidity.
The most significant source of risk associated with bond ownership is interest rate risk, which is among the following.
What is inflation and example?The substantial price increase- Rates of goods and services are constantly subject to fluctuate in a market economy. Some prices increase while others decrease. Whenever prices of products and services grow broadly rather than only for a few specific items, it is said to be inflation. Which means that today, for the same amount of money, people can buy less that you could yesterday.
Is inflation good or bad?Although low inflation might be harmful, both levels can hurt the economy. The Fed will adopt the opposite approach when the economy is having trouble and prices is just too low either cutting interest rates or purchasing assets to boost cash flow.
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the accounts receivable policy is generally set by the: purchasing manager. credit manager. controller. production manager. payables manager.
The accounts receivable policy is generally set by the credit manager. The second option is correct.
Accounts receivable refers to the outstanding invoices a company has, or the money clients owe the company. It represents the credit extended by the company to its customers for goods or services provided.
The credit manager plays a crucial role in setting the accounts receivable policy, as they are responsible for managing the company's credit and ensuring that customers pay their invoices on time. The policy typically includes guidelines on credit terms, payment deadlines, and procedures for handling overdue payments.
The credit manager's main objectives are to minimize bad debts, optimize cash flow, and maintain good customer relations. They achieve this by setting appropriate credit limits, monitoring customer payment behavior, and taking necessary actions in case of delinquency. Additionally, they may collaborate with other departments, such as sales and finance, to establish the most effective policies.
In contrast, the purchasing manager, controller, production manager, and payables manager have different responsibilities. The purchasing manager handles procurement, the controller oversees financial reporting and accounting, the production manager is responsible for manufacturing processes, and the payables manager handles the company's own bills and expenses. While these roles might interact with the accounts receivable process in some ways, it is the credit manager who ultimately sets the policy.
Thus, the second option is correct.
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Does everyone make a good leader? Explain your answer.
Answer:
Ye
Explanation:
everyone has qualities that good leaders possess, but not everyone encounters the exact set of circumstances in life where those qualities can really be recognized. Everyone can develop leadership qualities and put them to use in life
A job search should be treated like a full time job.
True or False
Answer:True in some cases
Explanation:
True.. it could be easy to prevent frequent turnover of employees and a pleasant job satisfaction
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Utilitarianism is an approach to ethics that means. A. Fairness is the fundamental aspect of ethical conduct and people in a dispute should look at the situation outside of their own interests in the outcome to decide what is right. B. Journalists often face conflicts among ethical principles in the course of their work and must often make difficult decisions. C. Whatever does the most good for the most number of people is best. D. Not all ethical precepts can be applied in all situations, but they do provide useful guidelines for media professionals in their behavior.
Answer:
C. Whatever does the most good for the most number of people is best.
Explanation:
Utilitarianism (utilitarian ethics) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarianism (utilitarian ethics) considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarianism (utilitarian ethics) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
This ultimately implies that, utilitarianism is a philosophical approach to normative ethics that means whatever does the most good for the most number of people is best.
do chip credit cards protect against online purchases
Answer:
Protecting Against Payment Card FraudExplanation:
The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.
Which kind of business opportunity is like buying a business kit?
Pilihan jawaban
Starting a new business from scratch
Buying a franchise
Buying an existing business
The type of business opportunity is comparable to purchasing a business kit or a franchise. Hence the right option is (C).
The term "franchise" refers to a method of marketing products or services in which a franchisor develops the brand's trade name and business model and a franchisee pays a royalty and frequently an upfront fee to obtain the right to use the franchisor's name and system.
you've thought if you're a budding entrepreneur or an established businessperson looking to diversify your holdings. The short answer is yes, particularly if a fantastic opportunity arises. The appeal of launching a business by purchasing a franchise is clear.
Listed below are a handful of the most typical causes of franchise failure: The franchisor offers its products to franchisees who are unqualified, inexperienced, undercapitalized, or naive. Franchisees sometimes have false expectations of the amount of effort involved in running a business.
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Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answer:
D
Explanation:
finances
when an investment banker purchases an offering from a bond issuer and then resells it to the public, this is known as a:
A "secondary offering" is when an investment banker purchases an offering from a bond issuer and then resells it to the public. This is also known as an "underwritten offering."
It is typically done to raise capital for the issuer, allowing them to finance future investments or repay outstanding debt.
In a secondary offering, the investment banker typically buys the bonds from the issuer at a discount. The banker then resells the bonds at a higher price to the public, collecting a spread on the difference in prices.
This spread represents the investment banker's fee for the transaction. The secondary offering helps the issuer raise capital while also providing a return for the investment banker.
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A customer buys an annuity requiring an initial payment of $10,000. The annuity offers a 5% Bonus Credit. This means that. the insurance company will pay an ...
The Bonus Credit increases the annuity's account value, providing the customer with a higher starting point for generating future income.
An annuity is a financial product designed to provide a stream of income, typically during retirement. In this case, the customer buys an annuity with an initial payment of $10,000. The annuity offers a 5% Bonus Credit, which means that the insurance company will add an extra 5% of the initial payment to the annuity's account value.
1. Customer makes an initial payment of $10,000.
2. Insurance company applies a 5% Bonus Credit, which is 5% of $10,000 (i.e., $10,000 x 0.05 = $500).
3. The annuity's account value becomes $10,500 ($10,000 initial payment + $500 Bonus Credit).
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In a few sentences, explain what it means to
be financially responsible.
Answer:
Being financially responsible means to not spend your money on stuff that aren't needed. It also means saving your money for when you actually need it. Evaluate your earning spendings habits and see how you could maybe save more money each paycheck.
Answer:
Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.
Explanation:
Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs
Maximizing profits
Minimizing profits
Minimizing benefits
What affects employers’ decisions on how much to pay their workers is : Maximizing profits.
What is profit maximization?Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.
Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.
Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.
Therefore what affects employers’ decisions on how much to pay their workers is : Maximizing profits.
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if you purchase a car for $4,000 with no money down, with an interest rate of 5%, and pay the loan off over a four-year period, how much interest will you pay?
To calculate the interest you will pay on the car loan, you need to consider the principal amount borrowed, the interest rate, and the length of the loan. In this case, the principal amount is $4,000, the interest rate is 5%, and the loan term is 4 years.
To determine the interest paid over the entire loan term, you can use a loan calculator or a formula. One formula you can use is the simple interest formula:
Interest = Principal x Rate x Time
Plugging in the values, we get:
Interest = $4,000 x 0.05 x 4
Interest = $800
Therefore, you will pay $800 in interest over the 4-year loan term. This means that the total cost of the car loan will be $4,800 ($4,000 principal + $800 interest). It's important to note that the interest paid could be higher if there are any additional fees or charges associated with the loan.
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In an inflationary expenditure gap, the equilibrium level of real GDP would be: Group of answer choices
In an inflationary expenditure gap, the equilibrium level of real GDP would be the full employment level of GDP.
An inflationary expenditure gap occurs when the aggregate demand in the economy exceeds the full employment level of real GDP. This could happen due to factors such as an increase in government spending, a decrease in taxes, or an increase in consumer and business confidence. As a result, businesses increase production to meet the increased demand, leading to an increase in employment and incomes. However, as the economy approaches full employment, there may be labor and resource shortages, leading to higher costs for businesses. This can result in an increase in the prices of goods and services, leading to inflation. Therefore, in an inflationary expenditure gap, the equilibrium level of real GDP would be above the full employment level, but the economy would eventually face inflationary pressures that could be damaging in the long run. This situation occurs when aggregate demand exceeds the economy's productive capacity, leading to higher prices and inflation.
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Which of the following identifies the reason that we need reconciliations between governmental funds and government-wide governmental activities (select all that apply)?
a. Internal service funds are often categorized as governmental funds.
b. Governmental funds use the modified accrual basis of accounting, and the government-wide governmental activities use the accrual basis of accounting.
c. Internal service funds are often categorized as governmental activities.
d. Governmental funds use the accrual basis of accounting, and the government- wide governmental activities use the modified accrual basis of accounting.
"Governmental funds use the modified accrual basis of accounting, and the government-wide governmental activities use the accrual basis of accounting", identifies the reason that we require reconciliations amaong governmental funds and government-wide governmental activities. The right answer is b.
The terms cash basis and full accrual basis are combined to form modified accrual. When revenues are both quantifiable and accessible, they are recognised. However, as expenses are always quantifiable at the time of incurrence, they are recorded using the full accrual method.
Which transactions are recognised in the operating fund depends on the measuring focus of the governmental funding. Transactions are not included in the operational capital of the fund financial statement if they are not a current resource or use.
The correct answer is option b.
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Which of the following best defines money?
Just a multiple choice finance question for school.
Choose 1 answer:
A
Cash held in bank vaults
B
Currency that has intrinsic value, such as gold coins
C
Paper currency or coins
D
Any asset that is accepted as a way of paying for something
E
Paper currency or coins that are backed in value by gold
Answer:
B and C, D
Explanation:
Explain Jodi's self esteem throughout Tall Girl? Movie
Answer:
Poor
Explanation:
Jodi is very self-concious about her height. She thinks that it makes her different than other "normal" people among her peers, or even inferior to more feminine, smaller girls.
Answer:
Explanation:
'Tall Girl' Review: A Ridiculous Take on the Teenage Self-Love Narrative ... This week, we gave our group of interns a challenge: pick a movie from ... narrates Jodi (Ava Michelle) as she towers over a high school hallway in Tall Girl. ... Pain is relative, but Tall Girl treats Jodi's height as if it were the end-all,
In the context of identifying specific consumer trends, ________ is not a product issue for international consumer marketers.
In the context of identifying specific consumer trends, product quality is not a product issue for international consumer marketers . In the context of identifying specific consumer trends, "cultural differences" is not a product issue for international consumer marketers.
International consumer marketers need to understand and adapt to various factors when targeting consumers in different markets. These factors include consumer behaviors, preferences, needs, and trends. While cultural differences play a significant role in shaping consumer behavior, they are not considered a product issue. Cultural differences are more related to understanding the cultural nuances, values, beliefs, and customs of the target market, which can influence consumer preferences and purchasing decisions.
Product issues for international consumer marketers typically revolve around aspects such as product design, features, functionality, packaging, pricing, quality, branding, and positioning. These factors are more directly associated with the product itself and its appeal to consumers in different markets.
Therefore, in the context of identifying specific consumer trends, "cultural differences" is not considered a product issue for international consumer marketers.
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A real estate agent who writes up a contract for the purchase of a home is providing ________ utility.
Based on estate management definitions, a real estate agent who writes up a contract to purchase a home provides Possession utility.
This is because a Possession utility is a term used in estate management services to describe the proportion of suitability or perceived value from owning a product.
Therefore, in this case, a real estate agent providing possession utility for a home creates a financing term toward possession of the home.
This possession utility is expected to lead to a high chance of home sales.
Other types of economic utility include the following:
Place;Form;Time.Hence, in this case, it is concluded that the correct answer is "Possession utility."
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A receipt showing that an investor has made an interest-bearing loan to a bank is a.
Certificates of Deposit are documentation indicating an investor has given a bank an interest-bearing loan. The money market instrument known as a "certificate of deposit" is one that banks and other similar financial organisations issue to raise capital on the secondary market.
A certificate of deposit is documentation indicating an investor has lent money to a bank, the government, a corporation, or another bond issuer at interest. A certificate of deposit is documentation indicating an investor has lent money to a bank, the government, a corporation, or another bond issuer at interest.
A savings account known as a certificate of deposit (CD) holds a fixed sum of money for a predetermined length of time, such as six months, a year, or five years. One of the most crucial factors is the certificate of deposit's maturity period.
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At the end of the current year (before adjusting entries), Apple Corporation had a balance of $80,000 in Accounts Receivable and a credit balance of $7,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $440,000 Read the requirements. Requirement 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Apple Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Using the percent-of-sales method, the amount of Uncollectible-Account Expense is $22,000, and the ending balance of the Allowance for Uncollectible Accounts is $29,000.
To calculate the amount of Uncollectible-Account Expense using the percent-of-sales method, we need to multiply the total credit sales by the estimated uncollectible-account expense rate. Then, we can determine the ending balance of the Allowance for Uncollectible Accounts.
Given information:
Accounts Receivable (before adjusting entries): $80,000
Allowance for Uncollectible Accounts (credit balance): $7,000
Service revenue (all on credit): $440,000
Uncollectible-account expense rate: 5% of credit sales
Calculate the Uncollectible-Account Expense:
Uncollectible-Account Expense = Service revenue * Uncollectible-account expense rate
Uncollectible-Account Expense = $440,000 * 0.05
Uncollectible-Account Expense = $22,000
Determine the ending balance of the Allowance for Uncollectible Accounts:
Ending balance of the Allowance for Uncollectible Accounts = Previous balance + Uncollectible-Account Expense - Write-offs
In this scenario, we don't have information about write-offs, so we'll assume no write-offs occurred.
Ending balance of the Allowance for Uncollectible Accounts = $7,000 + $22,000 - $0
Ending balance of the Allowance for Uncollectible Accounts = $29,000
Therefore, using the percent-of-sales method, the amount of Uncollectible-Account Expense is $22,000, and the ending balance of the Allowance for Uncollectible Accounts is $29,000.
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what is the main function of ac