Answers
Answer:
Gross profit minus operating expenses
Explanation:
Operating income is the income that is being anticipated after all expenses have been deducted from the gross income . In other words, it is the income after interest and taxes have been taken out from revenue.
Operating income refers to the measurement of amount that is gained from business operation after taken into consideration operating expenses such as depreciation, cost of goods sold and wages.
Related Questions
In order for a contract to be legally binding, what must be TRUE?
a) All parties must consent to the terms of the agreement by shaking hands.
b) The purpose of the agreement between the parties can be legal or illegal.
c) All parties entering into a contract accept the risk that they could be tricked or coerced.
d) The contract parties must be legally competent to enter into a contract.
Answers
Answer:
D
Explanation:
in order for a contract to be legally binding, all parties must be *legally competent.* this means that all parties cannot be minors or something like that. they must be legally able to enter into the contract for it to be legally binding.
D- The contract parties must be legally competent to enter in to a contract for the contract to be legally binding. There are various points that must be ticked for the contract to have legal acceptance.
Every party to the contract must not be a disqualified person to do so and shall have legal capabilities in their hands. They must be known to the fact that their gestures or actions mean that a contract is legally binding upon them.
A contract becomes legally binding when all the parties to the contract have given their consent to have accepted the terms of the contract by either their gestures, spoken words or acceptance on contract instruments.Parties must be legally competent by being of sound mind, major at age, qualified to enter into a contract, not refrained to so by any court order, on whom any investigation by the judiciary or police authorities is currently not undergoing.The above mentioned persons are referred to as the persons who are legally competent to enter into contract. Any other such person who is incompetent will lead to the contract being void ab initio.Hence, the true option is D that the both the parties to the contract must be legally competent to enter into a contract.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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1.2 Assume that there are 600 customers in your target area. The average income per annum per customer amount to R12500. You estimated that each customer spends 2;5% of his/her yearly income on your product/service. You believe that you can enjoy a market share of 25% of the total market.
1.2.1 Calculate, by showing all the steps, potential market share of your business.
1.2.2 Complete the sales budget figures for your business. Assume that you provide the service or sell the product for R50 each.
Answers
Answer:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.
Explanation:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $77 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $72 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $93 million.
As part of the multistep approach to record the 2022 transaction Jefferson Corporation should next take the second step of:________
a. Reversing total accumulated unrealized holding gains of $25 milion.
b. Reversing total accumulated unrealized holding gains of $18 milion
c. Reversing total accumulated unrealized holding gains of S7 million
d. Reversing total accumulated unrealized holding gains of $11 milion
Answers
Answer:
a
Explanation:
What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?
Answers
Explanation:
The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.
To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.
Antiques ‘R’ Us is a mature manufacturing firm. The company just paid a dividend of $11.60, but management expects to reduce the payout by 5.25 percent per year, indefinitely. If you require a return of 11 percent on this stock, what will you pay for a share today?
Answers
If you require a return of 11% on this stock, you would be willing to pay approximately $191.13 for a share of Antiques 'R' Us today.
To determine the current share price of Antiques 'R' Us, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
Given:
Dividend just paid = $11.60
Dividend reduction rate = 5.25% per year
Required return = 11%
We need to find the present value of future dividends to calculate the current share price.
Step 1: Calculate the expected dividend in the next period:
Expected dividend in the next period = Dividend just paid × (1 - Dividend reduction rate)
Expected dividend in the next period = $11.60 × (1 - 0.0525) = $11.60 × 0.9475 = $11.007
Step 2: Calculate the present value of future dividends:
Present value of future dividends = Expected dividend in the next period / (Required return - Dividend reduction rate)
Present value of future dividends = $11.007 / (0.11 - 0.0525) = $11.007 / 0.0575 = $191.13
Step 3: Calculate the current share price:
Since the dividend reduction rate is applied indefinitely, the current share price is the present value of future dividends.
Current share price = $191.13
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How can life expectancy and literacy rates affect the quality of labor in the economy?
Answers
Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 160 shares of its common stock on May 1 for $8,000. On July 1, it reissued 80 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2
Answers
Answer: $80
Explanation:
From the question, we are informed that prior to May 1, Fortune Company has never had any treasury stock transactions and that a company repurchased 160 shares of its common stock on May 1 for $8,000. The price per share will be:
= $8,000/160
= $50 per share
The balance in paid capital as at May 1 will be 0.
On July 1, it reissued 80 of these shares at $52 per share. This means that there is an increase of ($52 - $50) = $2 per share.
The balance paid on capital as at July 1 will be:
= $2 × 80
= $160
On August 1, it reissued the remaining treasury shares at $49 per share. This mean that there is a reduction of $1 per share.
The balance paid on capital as at August 1 will be:
= -1 × $80
= -$80
The balance in the Paid-in Capital, Treasury Stock account on August 2 will now be:
= $160 - $80
= $80
All of the following are examples of primary market research EXCEPT
Direct mail surveys
Fee product samples
Focus groups
Promotional email campaigns
Answers
Answer:
Fee product samples
Explanation:
makes pay
8. Exam. Semester Exam
Question 5 of 30
2 Points
Which of these is most likely to lead to an increase in wages?
A. A government with a budget surplus
B. The use of an assembly line
C. Outsourcing and offshoring
D. The formation of a labor union
Answers
Answer:
D. The formation of a labor union
Explanation:
The formation of a labor union will likely lead to an increase in wages because of two main reasons:
Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.Please evaluate a CEO’s job, and what makes a CEO’s job so complex? Use the challenges Tim Cook faces as Steve Jobs’ successor to provide examples that support your answer.
Answers
Answer: A CEO's job is so complex because of the many different aspects that they need to control and execute.
For example, the CEO is responsible for managing the business strategy, business strategy, finance, operations, and many other things of the organization. In addition to these aspects, Tim Cook had to follow in the footsteps of Steve Jobs, who was a renowned innovation leader.
Not only does Cook not seem like such a strong innovator, he's also struggled to keep up with the 's technological upgrades and market competition. Since taking on the role of CEO, he has had to choose where to focus his time and appears to have focused on company culture and leadership team transformation.
Explanation:
Heather Green usually buys Heinz Catsup because she likes its taste. But this morning her local grocery was surprisingly out of Heinz, so she decided to buy another highly advertised brand that was on sale because she really needed it for her meal that night. For Heather, Heinz has probably achieved brand:____________a. preference.b. insistence.c. nonrecognition.d. rejection.e. extinction.
Answers
Answer:
a. preference
Explanation:
As in the question it is mentioned that the heather Green normally purchased heinz Catsup as she likes the taste but she decided to purchase another brand i.e. highly advertised also it was on sale and she really needs it
So here the Heinz achieved the preference as usually she purchased the Catsup product but sh purchased another product due to high advertisement
So the preference is shifted to another product
Therefore option a is correct
Answer these questions picture above.
Answers
1 increasing audience
2 payment methods and or growing page
3 yes help others and myself
4 insta due to its growing capacity
When a company develops a business portfolio, when does
it identify the key businesses that make up the company?
Answers
When a company develops a business portfolio, its must identify the key businesses that make up the company immediately.
Why do company develops business portfolio?The business portfolio is a collection of the company's products, services, and accomplishments. A company portfolio's goal is to establish the company's market presence, attract more customers, and demonstrate how the company differs from its direct competitors.
Companies must identify, evaluate, and select market opportunities before developing strategies to capitalize on them. One method is to use a portfolio planning tool to identify opportunities for company growth through market penetration, market development, product development, or diversification.
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What is the PV of an ordinary annuity with 7 annual payments of $10,000 each if the appropriate annual interest rate is 5%?
Answers
Answer:
PV= $57,8563.73
Explanation:
Giving the following information:
Number of periods= 7 years
Annual cash flow= $10,000
Interest rate= 5%
First, we need to calculate future value:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {10,000*[(1.05^7) - 1]} / 0.05
FV= $81,420.08
Now, the present value:
PV= FV/(1+i)^n
PV= 81,420.08/1.05^7
PV= $57,8563.73
What are 5 reasons companies use policy handbooks
Answers
2. Minimizes risks
3. Addresses employee expectations
4. Sets expectations for employee conduct and performance
5. Communicates company policies and expectations
What is the principal ?
Answers
Answer
adjective
1.
first in order of importance; main.
"the country's principal cities"
Similar:
main
chief
primary
leading
foremost
first
most important
predominant
dominant
(most) prominent
key
crucial
vital
essential
basic
staple
critical
pivotal
salient
prime
central
focal
premier
paramount
major
ruling
master
supreme
overriding
cardinal
capital
preeminent
ultimate
uppermost
highest
utmost
top
topmost
arch-
number-one
Opposite:
minor
subordinate
subsidiary
2.
(of money) denoting an original sum invested or lent.
"the principal amount of your investment"
noun
1.
the person with the highest authority or most important position in an organization, institution, or group.
"a design consultancy whose principal is based in San Francisco"
Similar:
boss
chief
chief executive (officer)
CEO
chairman
chairwoman
managing director
MD
president
director
manager
employer
head
leader
ruler
controller
head honcho
gaffer
governor
guv'nor
2.
a sum of money lent or invested, on which interest is paid.
"the winners are paid from the interest without even touching the principal"
Similar:
capital sum
capital
capital funds
working capital
Jim just graduated from high school and has decided to work for a year before going to college. He will need a car to get to and from his job at the mall. He has $2,000 saved that he could spend on a car, or he can drive his parent’s extra car—an old clunker that has seen better days. What advice would you give Jim?
Answers
Evaluate the condition of his parents' car: If Jim's parents' extra car, the old clunker, is in a reasonably reliable condition and can get him to and from work without frequent breakdowns or safety concerns, it might be a more cost-effective option. However, if the car is constantly in need of repairs and poses a risk to his safety, it might be worth exploring other options.
Consider maintenance and repair costs: If Jim chooses his parents' car, he should factor in the potential maintenance and repair costs. As an old vehicle, it might require more frequent repairs and replacements of parts, which can add up over time. He should estimate these costs and ensure they fit within his budget.
Fuel efficiency: Jim should consider the fuel efficiency of both the old clunker and any cars he might purchase. If he's working at the mall and will be commuting frequently, a car with better fuel efficiency could save him money in the long run.
Insurance costs: Before making a decision, Jim should research the insurance costs associated with both options. Generally, older cars tend to have lower insurance premiums. If the clunker is insured under his parents' policy, it might be more affordable than purchasing his own policy for a different car.
Reliability and safety: It's important for Jim to prioritize his safety while commuting to work. If the old clunker is unreliable or lacks important safety features such as airbags, anti-lock brakes, or stability control, it might be worth considering purchasing a more reliable and safer car.
Long-term plans and financial goals: Jim should also think about his long-term plans and financial goals. If he intends to save money for college, travel, or other expenses, he should consider whether spending his entire $2,000 savings on a car is the best decision. In some cases, it might be more prudent to save the money and rely on alternative transportation options like public transit, carpooling, or cycling.
Ultimately, Jim should weigh the pros and cons of using the old clunker versus purchasing a car with his savings. By considering factors such as the condition of the car, maintenance costs, fuel efficiency, insurance expenses, reliability, safety, and his financial goals, Jim can make a well-informed decision that aligns with his needs and priorities.
Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis. PLEASE HELP
Answers
Explanation:
Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis.
Quantity is on the horizontal axis so the data in the price column are X values
Price is on the vertical axis so the data in the price column are Y values
Quantity is in thousands so your points are:
(1000 , 10)
(2500 , 9)
(4000 , 8)
(5500 , 7)
(7000 , 6)
(8500 , 5)
(10000 , 4)
(11500 , 3)
(13000 , 2)
(14600 , 1)
(16000 , 0)
[NOTE: a photo of the graph grid has not been provided in the photo so scaling may not be exact]
Please upload a photo of the grid you are given for a graph to size.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto- defrost feature. Female shoppers generally value microwaves more than men do and attribute greater value to the auto-defrost feature. There is little additional cost to incorporating an auto-defrost feature. Since men and women cannot be charged different prices for the same product, the manufacturer is considering introducing two different models. The manufacturer has determined that men value a simple microwave at $56 and one with auto-defrost at $74, while women value a simple microwave at $74 and one with auto-defrost at $130.
Suppose the manufacturer is considering three pricing strategies:
1. Market a single microwave, with auto-defrost, at $69, to both men and women.
2. Market a single microwave, with auto-defrost, at $121, to only women.
3. Market a simple microwave to men, at $52. Market a microwave, with auto-defrost, to women at $103. For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the individual will purchase the microwave.
Answers
Answer:
If the number of male and female buyers is the same, then the best pricing strategy is to offer 2 different microwaves (option 3). One simple and cheap microwave for men and one with auto-defrost for women.
Explanation:
If most buyers were women (significantly higher), then option 2 would be better, since $121 per microwave is a much higher price and even though total sales numbers may not be maximized, profits will probably be maximized.
If most buyers are men, then option 1 would be probably better, depending on the proportion of male vs female buyers.
Three levels of help human services organizations to achieve goals they develop for their clients.
Answers
Answer:
The three levels of help human services organisations provide are Macro, Mezzo and Micro.
Explanation:
Macro Level
This is focused on a higher scale and includes work like program development, community-based initiatives, policy changes etc. The type of organisations working at this level includes government agencies, non-profit companies and/or advocacy groups.
Mezzo Level
This is concentrated on a intermediate scale involving smaller groups. Examples of such practices includes helping those who are victims of criminal activity.
Micro Level
This type of work is focused on individual levels like helping people to provide them with their basic needs like food, clothes and/or home. This also includes work like counselling and family therapy.
Answer:
I think the answer may be:
Three levels of intervention help human services organizations to achieve goals they develop for their clients
Explanation:
I'm not even 100% positive about this, but I saw this answer on another site!
THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Answers
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
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Issuing Stock for Assets Other Than Cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 30,000 shares of $80 par common stock valued at $112 per share. Journalize the entry to record the transaction. For a compound transaction, if an amount box does not require an entry, leave it blank.
Answers
Answer:
April 5
Dr Land 3,360,000
Cr Common stock 2,400,000
Cr Paid in capital in excess of par Common stock 960,000
Explanation:
Prepare of the journal entry to record the transaction.
April 5
Dr Land 3,360,000
(30,000 shares x $112)
Cr Common stock 2,400,000
(30,000 shares x $80)
Cr Paid in capital in excess of par Common stock 960,000
[30,000 shares x ($112-$80)]
(30,000 shares x $32)
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Answers
Cumulative preference shares: These are types of shares where shareholders are given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Non-cumulative preference shares: These are types of shares where shareholders are not given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Participating preference shares: With participating preference shares, the issuing company must pay an increased dividend to the owners of preference shares if there is a participation clause in the share agreement. This clause states that a certain portion of earnings (or of the dividends issued to the owners of common stock) will be distributed to the owners of preferences shares in the form of additional dividends.
Convertible preference shares: These are preference shares that can be converted into common stock if a shareholder wants to change its holding position. They are converted into a predetermined number of preference stocks.
Non-convertible preference shares: These are preference shares where the holder of a preference share has not been conferred the right to get their holding converted into equity share.
Redeemable preference shares: These are preference shares that can be repurchased or redeemed by the issuing company at a fixed rate and date.
In summary, a company can issue different types of preference shares, including cumulative, non-cumulative, participating, convertible, non-convertible, and redeemable preference shares.
Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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Given the following probability distribution:
X
1
2
3
4
P(X=x)
0.14
2m
0.32
m
What is the Expected Value of X ?
Answers
The expected value of x in the probability distribution is given as 0.82
How to find the expected value of XWe are to find the M value for ∑P(x) = 1
such that we would have
0.14 + 2m + 0.32 + m = 1
We have to sum up the equation that we have above
0.14 + 0.32 + 2m + m = 1
0.46 + 3m = 1
3m = 1 - 0.46
3m = 0.54
divide through by 3
m = 0.54 / 3
= 0.18
0.14 + 0.18 * 2 + 0.32 = 0.82
Hence the probability distribution has the expected value of X as 0.82
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You deposit $1000 at the beginning of each semi-annual period for 7 years at 5% compounded semi-annually. Determine the future value.
Answers
The future value of the deposits is $9,269.45. This can be calculated using the following formula FV = P × (1 + i)^n
Computation of Future Value compounded semi-annually.Given Data
Periodic payment P = $1000Periodic interest rate i = = 0.05/2 = 0.025 (the semi-annual interest rate)Number of periods n = 7 × 2 = 14 (7 years, compounded semi-annually).Substituting our given data into the formula above we have
FV = 1000 × (1 + 0.025)^14
FV = 1000 × 2.1388 = $2,138.80
The total future value of the deposits is then $2,138.80 × 7 = $9,269.45
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X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:
Year Project A Project B
1 $25,000 $22,000
2 12,000 11,000
3 8,000 14,000
Calculate the payback period for Project A and Project B.
Answers
Answer:
0.88 years
1 year
Explanation:
Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.
For project A:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $25,000 =$-3000
The amount invested is recovered In 22,000 / $25,000 = 0.88 years
For project B:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $22,000 = 0
The amount invested is recovered in a year
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