Kidd Company uses a process costing system and the weighted average method. The company had 1,600 units of product in its work in process inventory at the beginning of the period. During the period 4,600 additional units of product were started. At the end of the period there were 2,300 units of product in the Work in Process account. The ending work in process inventory was estimated to be 20% complete. The beginning work in process inventory had a balance of $7,200. Product costs totaling $116,000 were added to work in process during the period. The amount of cost in ending work in process inventary is: (Round cost per equivalent unit to the nearest whole dollar.)
Answers
The amount of cost in ending work in process inventory is $887 (rounded to nearest dollar).
To calculate the cost of ending work in process inventory, we first need to determine the equivalent units of production for the period.
Equivalent units of production = Units completed and transferred out + Equivalent units in ending work in process
We can calculate the units completed and transferred out as follows:
Units completed and transferred out = Units started during the period - Ending work in process inventory
Units started during the period = Beginning work in process inventory + Units started during the period = 1,600 + 4,600 = 6,200
Ending work in process inventory = 2,300 * 20% = 460
Therefore, units completed and transferred out = 6,200 - 460 = 5,740
Next, we need to calculate the equivalent units in ending work in process inventory. Since the weighted average method is being used, we need to calculate the equivalent units of production for both direct materials and conversion costs separately.
Direct materials:
Equivalent units of direct materials = Units in ending work in process inventory * Percentage complete
= 460 * 20%
= 92
Conversion costs:
Equivalent units of conversion costs = (Units in ending work in process inventory * Percentage complete) + (Units completed and transferred out * 100%)
= (460 * 20%) + (5,740 * 100%)
= 1,156 + 5,740
= 6,896
Now we can calculate the cost per equivalent unit:
Cost per equivalent unit = (Beginning work in process inventory + Total manufacturing costs during the period) / Equivalent units of production
Starting from the beginning work in process inventory:
Cost per equivalent unit = ($7,200 + $116,000) / (5,740 + 92 + 6,896)
= $123,200 / 12,728
= $9.67 (rounded to nearest whole dollar)
Finally, we can calculate the cost of ending work in process inventory:
Cost of ending work in process inventory = Cost per equivalent unit * Equivalent units in ending work in process * Percentage complete
= $9.67 * 460 * 20%
= $887.32
Therefore, the amount of cost in ending work in process inventory is $887 (rounded to nearest dollar).
learn more about inventory here
https://brainly.com/question/31146932
#SPJ11
Related Questions
Why is it important to have insurance?
It's important to have insurance so people can
protect themselves from losing a lot of money in
the event of an unpredictable event or something
happens to them or their property.
So individuals can defend against the possibility of
financial loss due to unpredictable event
So people can engage in risky behavior without
financial consequences
A and B
Answers
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something that happens to them or their property. So individuals can defend against the possibility of financial loss due to unpredictable events. The correct options are a and b.
What is insurance?Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Learn more about insurance, here:
https://brainly.com/question/27822778
#SPJ1
In today's culture, Muslims seem to be facing more discrimination than other religious groups. What seems to be a cause for this increase?
Their beliefs
Their manner of dress
The change in immigration patterns and the events of 9/11
Their religious practices
Answers
The increase in discrimination against Muslims in today's culture appears to be largely caused by the change in immigration patterns and the events of 9/11.
Following the terrorist attacks on September 11, 2001, many individuals in the United States began to associate Islam with terrorism, leading to negative attitudes and discriminatory behavior towards Muslims.
Additionally, the rise of anti-immigrant sentiment and policies has targeted Muslims and individuals from Muslim-majority countries, further exacerbating the discrimination they face. While some may argue that Muslim beliefs, manner of dress, or religious practices contribute to discrimination, the root cause appears to be a combination of societal perceptions and government policies.
Efforts to combat discrimination against Muslims involve education and awareness-raising campaigns, as well as policy changes aimed at promoting diversity, inclusion, and equal treatment for all individuals regardless of their religion.
To know more about immigration patterns, refer here:
https://brainly.com/question/16796369#
#SPJ11
The purchasing power of the $20 bill increases over time due to inflation. Group of answer choices :a. True b. False
Answers
In the following question, among the given options, the statement is said to be True, Inflation is an economic phenomenon where the general price level of goods and services increases over time.
The purchasing power of the dollar, in general, decreases over time due to inflation. The purchasing power of the $20 bill decreases over time because it can buy fewer goods and services than it did in the past. Therefore, the statement "The purchasing power of the $20 bill increases over time due to inflation" is false. Instead, it should be "The purchasing power of the $20 bill decreases over time due to inflation." So, the correct option is (a) True.
For more such questions on Inflation
https://brainly.com/question/8149429
#SPJ11
A sales organization conducted a study to explore sales strategies, processes, and support systems within businesses. Organizations were categorized by sales performance level (top performers vs. middle performers vs. bottom performers) and extent to which the organization invests in customer satisfaction. Results were organized into the accompanying contingency table. At the 0.10 level of significance, is there evidence of a significant relationship between sales performance level and level of investment in customer satisfaction? Click the icon to view the contingency table. What are the null and alternative hypotheses to test? H 0
:
H 1
:
relationship exists between relationship exists between
and level of investment. and level of investment.
Calculate the test statistic. χ STAT 2
= (Round to two decimal places as needed.) I also need to find the critical value for this question please. An Employee Value Proposition (EVP) is about defining the essence of a company. The EVP is the value an employee receives from the employer; it defines the commitment the company will make to develop the employee in exchange for the effort the employee puts in to benefit the company. But do all agree on what makes a unique and compelling EVP? A study showed that 15% of busines: executives, 39% of HR leaders, and 34% of employees say that compensation (pay and rewards) makes for a unique and compelling EVP. Assume that 200 individuals within each business group were surveyed. Complete parts (a) through (c). a. Is there evidence of a significant difference among business groups with respect to the proportion that say compensation (pay and rewards) makes for a unique and compelling EVP? Use α=0.10. State the null and alternative hypotheses. A. H 0
:π 1
=π 2
=π 3
=0 H 1
: At least one of the π j
is not equal to zero (where j=1,2,3 ) B. H 0
:π 1
=π 2
=π 3
=0 H 1
:π 1
=π 2
=π 3
=0 C. H 0
:π 1
=π 2
=π 3
H 1
: Not all π j
are equal (where j=1,2,3 ) D. H 0
:π 1
=π 2
=π 3
H 1
:π 1
=π 2
=π 3
The test statistic is χ STAT 2
=30.938. (Round to three decimal places as needed.) The critical value for α=0.10 is (Round to three decimal places as needed.) 507 females reported window tinting as their preferred luxury upgrade of choice. Complete parts (a) through (d) below. Let group 1 be the males, and let group 2 be the females. State the null and alternative hypotheses. Choose the correct answer below. A. H 0
:π 1
≥π 2
B. H 0
:π 1
<π 2
H 1
:π 1
<π 2
H 1
:π 1
≥π 2
C. H 0
:π 1
>π 2
D. H 0
:π 1
=π 2
H 1
:π 1
≤π 2
H 1
:π 1
=π 2
E. H 0
:π 1
≤π 2
F. H 0
:π 1
=π 2
H 1
:π 1
>π 2
H 1
:π 1
=π 2
Calculate the test statistic. χ STAT 2
=3.206 (Round to three decimal places as needed.) Determine the critical value. The critical value is (Round to three decimal places as needed.)
Answers
a) There is evidence of a significant relationship between sales performance level and the level of investment in customer satisfaction at the 0.10 level of significance.
b) There is no evidence of a significant difference among business groups regarding the proportion that says compensation makes for a unique and compelling EVP at the 0.10 level of significance.
c) The test statistic is 3.206, and the critical value is [critical value] at the specified level of significance.
a) To determine if there is a significant relationship between sales performance level and the level of investment in customer satisfaction, a chi-square test of independence is conducted at the 0.10 level of significance. The null hypothesis (H0) assumes that there is no relationship between the two variables, while the alternative hypothesis (Ha) suggests that a relationship exists. By calculating the chi-square test statistic and comparing it with the critical value, it is found that there is evidence of a significant relationship between sales performance level and the level of investment in customer satisfaction.
b) To investigate whether there is a significant difference among business groups regarding the proportion that says compensation makes for a unique and compelling Employee Value Proposition (EVP), a chi-square test of independence is performed at the 0.10 level of significance. The null hypothesis (H0) assumes that there is no difference among the proportions, while the alternative hypothesis (Ha) suggests that at least one of the proportions is not equal to zero. Based on the test results, there is no evidence to reject the null hypothesis. Therefore, we do not conclude that there is a significant difference among business groups in terms of their opinion on compensation as a unique and compelling EVP.
c) The test statistic for the given scenario is calculated to be 3.206. The critical value is not provided, so it cannot be determined without additional information.
Learn more about significance level
brainly.com/question/13947717
#SPJ11
Molly desperately wants a Jeep Patriot, and this new monthly payment is pretty high again. What suggestions do
you have for making her dream become reality?
Answers
Molly should have to work and save up money to buy the Jeep Patriot to complete is dream to buy a Jeep Patriot.
What is saving?A saving is the amount of money that a particular person set aside from their salary or from their income. It is also called as the amount of money that is not spent anywhere.
In order to Jeep Patriot, Molly should have to save the money and work hard to earn that amount of money.
Therefore, to make the dreams a reality, he should have to save some amount of money on a daily basis.
To learn more about the savings, refer to:
https://brainly.com/question/7965246
lick to watch the tell me more learning objective 6 video and then answer the questions below. 1. which of the following shows the correct order of events? a. unadjusted trial balance, adjusting entries, financial statements, adjusted trial balance b. unadjusted trial balance, adjusting entries, adjusted trial balance, financial statements c. financial statements, unadjusted trial balance, adjusting entries, adjusted trial balance d. financial statements, adjusted trial balance, unadjusted trial balance, adjusting entries 2. a company's accounting records reveal that supplies had a beginning balance of $1,000. during the accounting period, the company purchased $500 of supplies. a physical count at the end of the accounting period confirmed that $1,400 of supplies were used. what will be the balance of the supplies account on the adjusted trial balance? a. $1,500 b. $100 c. $1,400 d. $500
Answers
1. The correct order of events is: b. unadjusted trial balance, adjusting entries, adjusted trial balance, financial statements.
2. The balance of the supplies account on the adjusted trial balance will be: b. $100.
1. The accounting process starts with the unadjusted trial balance, followed by adjusting entries to correct any discrepancies or update account balances. After making these adjustments, the adjusted trial balance is prepared, which forms the basis for creating the financial statements.
2. To find the balance of the supplies account, you need to consider the beginning balance, purchases made during the period, and the supplies used. In this case, the beginning balance was $1,000, and the company purchased $500 of supplies, resulting in a total of $1,500 in supplies. Since $1,400 of supplies were used, the remaining balance on the adjusted trial balance is $1,500 - $1,400 = $100.
Learn more about accounting process: https://brainly.com/question/29756757
#SPJ11
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
You are evaluating the quality of CPR provided by the BLS team. Which methods could you use for this evaluation
Answers
The methods that can be used during CPR evaluation include visual observation, and feedback device.
What is CPR?It should be noted that CPR simply means cardiopulmonary resuscitation and it's used during heart attack emergencies.
In this case, the methods that can be used during CPR evaluation include visual observation, feedback device, and chest compression fraction.
Learn more about CPR on:
https://brainly.com/question/3725035
Costs are the monetary payments a firm makes to purchase resources from others.a. Trueb. False
Answers
True, The economic payments a company makes to acquire resources from others are known as explicit costs.
Explicit costs are routine company expenses that are tangible and easy to trace in accounting and appear in the accounting records. Only explicit costs are considered when calculating a company's profit because it is obvious that they have an effect on the bottom line. The reporting of explicit costs is crucial since it makes other processes easier, such as decision-making, cost containment, reporting, and so on, as well as the computation of profit. Depreciation is an explicit cost even if it cannot be physically traced and hence cannot be inherently tied to the cost of the core corporate asset.
To learn more about explicit cost refer here;
https://brainly.com/question/30433825
#SPJ4
PLEASE HELP ASAP!!! Which statement describes a strategy for improving ones organization and time management at work ?
Answers
My explanation would be that the other reasons listed are for personal use such as friends birthdays, music, and a new clock, but the third answer is listing things appropriate for a business.
Hope I helped !
Answer:
C
Explanation:
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answers
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)
Subject is (Economic)
Answers
Answer:
other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece
Which of the following statements is correct?
a. An IPO is an example of a primary market transaction.
b. Money markets are subject to wider price fluctuations and are therefore more risky than capital market instruments.
c. A direct transfer of funds is more efficient than using financial institutions.
d. The market segmentation theory argues that different investors have different risk preferences, which determine the shape of the yield curve.
Answers
According to the information, the correct optio is an IPO (Initial Public Offering) is an example of a primary market transaction, where a company issues new shares to the public to raise capital for the first time.
What is the correct statement?According to the information, the correct optio is an IPO (Initial Public Offering) is an example of a primary market transaction, where a company issues new shares to the public to raise capital for the first time.
Option b is incorrect. Money markets are typically considered to be less risky than capital markets, as they deal with short-term debt instruments that are generally considered to be less volatile than long-term securities.
Option c is incorrect. While direct transfers of funds may be faster and more convenient in some cases, using financial institutions can provide benefits such as security, liquidity, and access to a wider range of investment options.
Option d is incorrect. The market segmentation theory suggests that investors have different preferences for different maturities of debt securities, leading to different demand and supply for each maturity and thereby affecting the shape of the yield curve.
Learn more about Initial Public Offering in: https://brainly.com/question/29669601
#SPJ1
2 The market price of a share of preferred stock is $22.05 and the dividend is $2.63. What discount rate did the market use to value the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Answers
The preferred stock was valued by the market using a discount rate of 11.93%, indicating the rate at which future dividends were discounted to arrive at the present value of the stock.
Find the discount rate?To determine the discount rate, we can use the dividend discount model (DDM). The DDM states that the value of a stock is the present value of its expected future dividends. In this case, the dividend is $2.63 per share.
The formula for calculating the value of a preferred stock using the DDM is as follows:
Stock Value = Dividend / Discount Rate
Rearranging the formula, we get:
Discount Rate = Dividend / Stock Value
Plugging in the given values:
Discount Rate = $2.63 / $22.05 ≈ 0.1193
Converting the decimal to a percentage, the discount rate is approximately 11.93%.
Therefore, the market used a discount rate of 11.93% to value the preferred stock.
To know more about discount rate, refer here:
https://brainly.com/question/13660799#
#SPJ4
Administrative management is concerned with managing ________.
Answers
Answer:the total organization
Explanation:
Who provides the infrastructure for IaaS?
Answers
Web apps. IaaS provides all the infrastructure to support web apps, including storage, web and application servers, and networking resources. Your organization can quickly deploy web apps on IaaS and easily scale infrastructure up and down when demand for the apps is unpredictable.
The full name of IaaS is Infrastructure as a Service. One of IaaS's biggest benefits is its quick scaling up and down capabilities in response to an enterprise's needs. IaaS providers often have the most advanced, powerful servers, networking, and storage hardware to satisfy the needs of their customers. IaaS is a practical cloud service model for workloads that are cyclical, experimental, or prone to unanticipated change. An example of a cloud computing service is infrastructure as a service, which offers essential networking, processing, and storage capabilities as needed and on a pay-as-you-go basis. software as a service is also (SaaS)
Learn more about IaaS here:
https://brainly.com/question/29457094
#SPJ4
Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.
Answers
Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.
This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.
These rewards may be in the form of commodities, services, discounts, or adverts, etc.
There are various types of crowdfunding models. The most common types are the following:
Equity-based model;Donation or social-based model;Lending model;Reward-based model.Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.
Learn more here: https://brainly.com/question/21940014
how would you expect the inclusion of these previously excluded underground activities to impact the value of italy's gdp?
Answers
In such a GDP, an economist attempts to determine the rise in output's volume rather than its value by adjusting all produced goods for inflation.
What is the 2022 inflationary factor?Increased transportation and commodity prices, which seem to be cost inputs for completed goods, are stressed by the supply chain. Rising food prices drove low-income consumers to cut back on their purchases of other commodities, which slowed economic growth in nations where food prices made up a significant portion of the inflation increase.
What effects does a high inflation rate have?Savings become less enticing when inflation is high because it gradually lowers the value of money for purchases. That potential might lead to an increase in consumer spending and business investment. As a result, as inflation rises, the unemployment rate typically first decreases.
To know more about inflation visit:
https://brainly.com/question/13786394
#SPJ4
I don't have moey. What is the best job to get when you're in middle school?
Answers
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
suppose that the position of a nation's long-run aggregate demand curve has not changed but the long-run equailibrium price level has declined. All other things being equal, which of the following factors might account for this event? A) An increase in labor productivity B) A decrease in the capital stock C) A decrease in the quantity of money in circulation D) The discovery of new mineral resources used to produce various goods E) A technological improvement
Answers
The long-run aggregate supply curve is vertical because it is not influenced by changes in the price level, only by shifts in production technology, population, and capital. Changes in aggregate demand can change output, employment, and the price level in the short run.
What could cause the long-run equilibrium price level to decrease if the position of a nation's long-run aggregate demand curve has not changed?
A decrease in the quantity of money in circulation (C) would reduce the price level and lower the long-run equilibrium level of prices. If all other things are held constant, a decrease in the quantity of money will reduce the demand for goods and services, lowering the price level and returning the economy to long-run equilibrium at a lower price level. An increase in labor productivity (A) and a technological improvement (E) would increase aggregate supply, decreasing the price level and increasing long-run equilibrium output.
New mineral resources (D) would also increase aggregate supply, lowering prices and raising output in the long run. A decrease in the capital stock (B) would decrease aggregate supply, increasing prices and reducing long-run equilibrium output.
However, a decrease in the quantity of money in circulation would decrease the demand for goods and services, lowering the price level and returning the economy to long-run equilibrium at a lower price level. Thus, an option C is the correct answer.
To know more about population visit :
https://brainly.com/question/15889243
#SPJ11
now compare the combined preference ratings of each segment with the average purchase price. is there a reasonable correlation between the combined preference ratings and average purchase price?
Answers
Answer:
YES
Explanation:
There must be a correlation between the combined preferences and the average purchase price of a product or service.
The question above does not present data that can lead to a specific answer, but arrives at the answer presented above because:
Combined preferences are a set of requirements that are established to analyze the purchase of a service or product.The ability of the service or product to meet this set of requirements may influence its average purchase price.This is because, products and services that meet this set of requirements can establish a higher average price, as they have advantages over their competitors that justify the price increase.On the other hand, products and services that do not meet the set of requirements do not have this advantage and need to create an advantage through the lowest average price, in relation to their competitors.More information:
https://brainly.com/question/21741587?referrer=searchResults
Why do all businesses need to consider the kind of packaging they use?
Answers
the amount that savers are paid for use of their money and the amount that borrowers pay for that use is best described as a(n)
Answers
The best way to characterize an interest rate is as the sum given to savers for the use of their funds and the sum paid by borrowers for that usage.
Interest rate is the cost of borrowing money or the amount paid by a lender to a borrower for the use of money. It is expressed as a percentage of the loan amount and is usually charged on an annual basis.
For savers, interest rate refers to the amount they earn on their deposits, such as savings accounts, certificates of deposit, or bonds. The interest rate helps determine the cost of borrowing money and is a major factor affecting the demand for loans and the supply of savings. It is an important aspect of monetary policy and the overall functioning of the financial system.
To learn more about interest rates
https://brainly.com/question/13324776
#SPJ4
according to the united nations convention on contracts for the international sale of goods (cisg), an offer:
Answers
According to the United Nations Convention on Contracts for the International Sale of Goods (CISG), an offer:
An offer, under the CISG, is a proposal made by one party to another indicating an intention to enter into a contract. The key characteristics of an offer under the CISG include:
Definiteness: The offer must be clear and specific in its terms, including the identification of the goods, quantity, price, delivery terms, and any other essential terms of the contract. Vague or indefinite offers may not be considered valid.
Communication: The offer must be communicated to the offeree or become known to them in a manner that allows them to understand the proposal and respond to it.
Intent to be bound: The offer must indicate the intention of the offering party to be legally bound if the offeree accepts the terms of the offer. It should demonstrate the willingness to enter into a contract on the proposed terms.
Revocability: The offer may be revoked by the offering party before it is accepted, except when the offer includes a specified period of time for acceptance or is irrevocable by its terms.
It's important to note that specific legal provisions and interpretations of the CISG may vary across different jurisdictions. Parties involved in international sales contracts should consult the CISG and seek legal advice to understand the application of its provisions in their particular circumstances.
learn more about "Communication":- https://brainly.com/question/28153246
#SPJ11
How does feedback of players influence the development of a game?
Answers
Answer:
Evaluative Feedback Increases.Explanation:
While comparative feedback decreases future game play. Furthermore, negative feedback decreases players’ feeling of competence, but also increases immediate game play. Positive feedback, in contrast, satisfies competence and autonomy needs, thereby boosting intrinsic motivation.
The feedback of players influence the development of a game they use the feedback and fix it. From this evaluation of feedback may increases.
What is feedback?When a system's outputs are used again as inputs in a cause-and-effect circuit or loop, this is known as feedback. The system is said to feed back on itself in this case.
Anything you discover prior to the game's release will save you from having to deal with it later. You can save time later on by using player feedback to pinpoint the problems with the game.
There is a very significant likelihood that players may become frustrated and, as a result, find the game confusing and worthless if they don't receive prompt and accurate feedback when playing games.
Therefore, the feedback of players influence the development of a game they use the feedback and fix it. From this evaluation of feedback may increases.
To know more about the feedback, visit:
https://brainly.com/question/26994432
#SPJ2
lannister manufacturing has a target debt-equity ratio of 0.67. its cost of equity is 16 percent, and its cost of debt is 9 percent. if the tax rate is 32 percent, what is the company's wacc?
Answers
The WACC of Lannister Manufacturing with a target debt-equity ratio of 0.67 is 13.29%. The WACC (weighted average cost of capital) of Lannister Manufacturing with a target debt-equity ratio of 0.67 is 12.6%. Lannister Manufacturing, in the question, has a target debt-equity ratio of 0.67, a cost of equity of 16%, and a cost of debt of 9%.
The WACC (weighted average cost of capital) of Lannister Manufacturing with a target debt-equity ratio of 0.67 is 12.6%. Lannister Manufacturing, in the question, has a target debt-equity ratio of 0.67, a cost of equity of 16%, and a cost of debt of 9%. The formula for WACC is:
WACC = (E / V) * Re + (D / V) * Rd * (1 - Tc)
Where, E = market value of the company’s equity, D = market value of the company’s debt, V = E + D, Re = cost of equity, Rd = cost of debt, and Tc = corporate tax rate. First, we need to find the market value of the debt and equity. Suppose the market value of debt is D and the market value of equity is E, then; D + E = V Or, D / V + E / V = 1
Also, given that the debt-equity ratio is 0.67, so; D / E = 0.67 Or, D = 0.67 E
Now, substituting the above value in the above equation, we get; 0.67 E / V + E / V = 1Or, 1.67 E / V = 1Or, V = E / 0.6
Now, E / V is the equity ratio, so we can also write; D / E = 0.67Or, D = 0.67 E
Putting the given values, we get; Re = 16%, Rd = 9%, and Tc = 32%
We now need to find the WACC.
WACC = (E / V) * Re + (D / V) * Rd * (1 - Tc)
Putting the above values, we get; WACC = (E / V) * Re + (D / V) * Rd * (1 - Tc)
WACC = (E / V) * Re + (0.67 E / V) * 9% * (1 - 32%)
WACC = (E / (E / 0.6)) * 16% + (0.67 E / (E / 0.6)) * 9% * 0.68
WACC = 0.6 * 16% + 0.402 * 9.18%
WACC = 9.6% + 3.69%
WACC = 13.29%
Therefore, the WACC of Lannister Manufacturing with a target debt-equity ratio of 0.67 is 13.29%.
To know more about debt-equity ratio visit: https://brainly.com/question/30578228
#SPJ11
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
Which statement best describes the current price for the good shown in this
Answers
Answer:
The Current price will result in a low supply for the good.
Explanation:
the demand schedule for chicken feet, a dim sum delicacy served at some chinese restaurants, is shown in the table. although some people find the texture strange, others have developed a taste for it. price of chicken feet (per pound) quantity of chicken feet demanded (millions of pounds) in 2008 quantity of chicken feet demanded (millions of pounds) in 2018 $ 3.00 3.0 9.2 $ 2.50 3.2 9.9 $ 1.25 3.6 10.3 $ 1.00 4.1 12.2 $ 0.50 5.7 15.0 how many more chicken feet were demanded in 2018 , at a price of $3.00 a pound, than in 2008 ?
Answers
6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
To determine how many more chicken feet were demanded in 2018 than in 2008, specifically at a price of $3.00 per pound, we need to compare the quantities demanded for that specific price in both years.
In 2008, the quantity demanded at a price of $3.00 per pound was 3.0 million pounds.
In 2018, the quantity demanded at a price of $3.00 per pound was 9.2 million pounds.
To find the difference, we subtract the quantity demanded in 2008 from the quantity demanded in 2018:
Difference = Quantity demanded in 2018 - Quantity demanded in 2008
Difference = 9.2 million pounds - 3.0 million pounds
Difference = 6.2 million pounds
Therefore, 6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
This indicates an increase in demand for chicken feet over the years, as more people developed a taste for it despite the texture being considered strange by some. The higher quantity demanded suggests that the popularity of chicken feet as a dim sum delicacy has grown over time.
Learn more about quantity demanded here:
https://brainly.com/question/28463621
#SPJ11
The "Dual Aspect" explains that every transaction affects at least two items in the basic accounting equation and preserves the equation’s equality. What is the fundamental accounting equation? (2 points)
Answers
Answer:
Assets = Liabilitites + Shareholder's equity
Explanation:
The fundamental accounting information is seen above; i.e, Assets = liability + shareholders. This means that an individual's asset is the combination of liability and shareholders equity.
This was the basis of many other accounting equation, such as the double entry.
Cheers