Mason Corporation's net income for the current year ended December 31 can be computed by deducting the cost of goods sold and operating expenses from the total sales revenue. The net income is then adjusted for income tax at a rate of 30 percent.
Mason's net income, we need to consider the following factors. Firstly, we have the sales revenue, which is calculated by multiplying the selling price per unit ($185) by the total number of units sold. Secondly, we need to determine the cost of goods sold (COGS). Since Mason carries its finished-goods inventory at the average unit cost of production, we can multiply the average unit cost by the number of units sold to find the COGS. Next, we need to factor in the operating expenses, such as administrative and selling expenses, which are subtracted from the gross profit (sales revenue minus COGS).
Once we have the gross profit, we deduct the operating expenses to obtain the operating income. To calculate the net income, we subtract the income tax expense at a rate of 30 percent from the operating income. Finally, the resulting amount represents Mason Corporation's net income for the current year ended December 31.
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A stock's price per share is $20. A shareholder invests $5,000 in the stock. The shareholder borrows enough money, so that his debt/equity ratio is 1.25. The firm earns $3.50 per share in 1 year. The shareholder pays 8% annual interest on
its borrowing. What is the shareholders Return on Equity?
The shareholder's Return on Equity is 7.5%.
Return on Equity is the measure of the rate of return earned on the money invested by shareholders.
It tells us how much profit a company has earned for every dollar invested by the shareholders.
Given, A stock's price per share is $20, a shareholder invests $5,000 in the stock, the shareholder borrows enough money so that his debt/equity ratio is 1.25, and the firm earns $3.50 per share in 1 year.
The shareholder pays 8% annual interest on its borrowing.
Let's calculate the shareholder's Return on Equity as follows:
Step 1:
Find the amount of equity invested in the stock
Shareholder Investment = $5,000
Price per share = $20
∴ Number of shares purchased = Shareholder Investment / Price per share
= $5,000 / $20
= 250 shares
Equity Invested = Number of shares purchased × Price per share
= 250 × $20
= $5,000
Step 2:
Find the amoun of debt
Debt to Equity ratio = 1.25
Equity Invested = $5,000
∴ Debt Invested = Debt to Equity Ratio × Equity Invested
= 1.25 × $5,000
= $6,250
Step 3: Calculate the earnings per share
Earnings per Share = $3.50
Step 4: Calculate the net earnings on investment
Net Earnings = Earnings per Share × Number of shares purchased
= $3.50 × 250
= $875
Step 5: Calculate the Interest on Debt
Interest on Debt
= Debt Invested × Annual Interest Rate
= $6,250 × 8%
= $500
Step 6:
Find the Return on Equity
Return on Equity = (Net Earnings − Interest on Debt) / Equity Invested
= ($875 − $500) / $5,000
= $375 / $5,000
= 0.075 or 7.5%
Therefore, the shareholder's Return on Equity is 7.5%.
Return on Equity is a financial metric that shows the percentage of profit generated by a company from shareholder investments.
It is a vital metric for investors to determine the potential profitability of a company.
It is calculated by dividing the net earnings of the company by the total amount of equity invested in the company.
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Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Insurance
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If the income elasticity of money demand is less than 1, then
a. income can never increase faster than money supply
b. an increase in income will be reflected in a proportionately smaller increase in money demand
c. the velocity of money must decrease as the level of income increases
d. an increase in income will be reflected in a proportionately larger increase in money demand
e. changes in the interest rate will never affect money demand
The correct answer is b. an increase in income will be reflected in a proportionately smaller increase in money demand.
The income elasticity of money demand measures the responsiveness of the demand for money to changes in income. When the income elasticity of money demand is less than 1, it indicates that money demand is income inelastic. This means that the demand for money does not increase proportionately as income increases. In other words, when income rises, the increase in money demand is smaller relative to the increase in income. Individuals and households do not feel the need to hold a higher proportion of their income in the form of money. They may allocate a smaller portion of their increased income to money balances, choosing to spend or invest the additional income instead. This concept is consistent with the idea that as income rises, people tend to allocate a larger share of their income to other assets or consumption goods rather than holding more money. Therefore, the increase in money demand is proportionately smaller compared to the increase in income.
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product bundling involves offering customers the opportunity to purchase a range of products at a single, combined price. true false
It is true that product bundling involves offering the customers opportunity to purchase range of products at single, combined price.
What is product bundling?Offering a number of goods or services for sale as a single bundled package is known as product bundling in marketing. It is typical characteristic of many unevenly competitive goods and service sectors. The method is used in a variety of industries, including telecommunications, finance, health care, information, and consumer electronics. One office suite may come with a word processor, spreadsheet, and presentation package as part of a software bundle. The majority of businesses are multi-product or multi-service organizations that must choose between offering individual products or services at individual prices and marketing combinations of products as "bundles" for which "bundle price" is demanded. In several industries, price bundling is becoming more significant, and some businesses even base their business strategy on it.
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Imagine that you are interested in opening your own business, a dog grooming shop. you are unsure which form of ownership would be most appropriate for your business and want to refresh your knowledge on all options. briefly explain the various types of ownership that exist and then select which would be the best for your dog grooming business and explain why.
The types of ownership that exist are:
The sole proprietorshipsThe partnershipsThe limited liability companies The corporations.The one that i will choose is the sole proprietorships.
What are the 4 types of ownership?
There is found to be the different types of ownership and this is one that is often researched in regards to business options.
They are known to be sole proprietorships, partnerships, limited liability companies and corporations.
The reason why I choose sole proprietorships is because it is a business that is operated and run by one person.
Hence, The types of ownership that exist are:
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frank is a senior account planner in charge of concept testing. at which stage of a campaign is concept testing performed?
Frank is a senior account planner in charge of concept testing. Concept testing is done in the first phase of an ad or campaign run. Prior to a product's release on the market, concept testing involves employing surveys to gauge consumer acceptability of a new product idea.
Before introducing a product or service, you can test your concepts by asking clients what they think about them. This research technique is known as concept testing. As a result, you may determine your clients' acceptability and willingness to purchase and make important decisions prior to the launch. When revising your product or pricing, starting new marketing initiatives, or changing how you interact with customers, concept testing can help you avoid making poor decisions. As a consequence, your business will save time, avoid financial losses, and maintain good customer relations. Concept testing requires several steps, including establishing the study's objective, selecting the sample population, selecting a survey style, explaining the idea, gauging customer reaction, and analyzing the findings.
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what is the name of the toxin that tobacco plants use to poison predators?
The name of the toxin that tobacco plants use to poison predators is nicotine.
What class of drug is nicotine?Nicotine is an organic compound from the group of alkaloids, which are heterocyclic amines, that is, which have closed chains (cycles), containing nitrogen.
It is produced by burning cigarettes and is the main cause of addiction that smokers have. This is because when you smoke your cigarette, nicotine reaches the brain in about 9 seconds and acts on the central nervous system, causing a pleasant feeling of well-being.
However, this sensation is fleeting and the more the person smokes the more the body adapts to the drug and the addiction increases, requiring more doses of nicotine in the body, that is, increasing the amount of cigarettes consumed. That is why when someone tries to stop their addiction, by suddenly stopping smoking, they usually have withdrawal syndrome.
In addition, at the time of consumption, nicotine also causes a stimulating activity in the central nervous system and, as a consequence, there is an increase in blood pressure, heart rate, respiratory rate, and motor activity, in addition to reduced appetite.
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Aurora township is asking all of its citizens to chip in and donate money to build a new library. tommy thinks he already pays enough money in taxes, so he chooses not to donate. he knows that even if he does not contribute he will be able to use the library once it is built. This is an example of:
a. Adserve selection
b. The free rider problem
c. Asymmetric information
d. Tragedy of the commons
e. Moral hazard
Since Tommy knows that even if he does not contribute he will be able to use the library once it is built, this is an example of: B. The free rider problem.
What is the free rider problem?In Economics, the free rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods (products) or shared resources refuse to pay for them or financially contribute to their development.
This ultimately implies that, a free rider problem simply refers to a type of problem that typically exists or arises when people who cannot be excluded from using a good (product) choose not to pay for it.
In this context, we can reasonably infer and logically deduce that the refusal of Tommy to donate money to build a new library because he knows he would be able to use it once it is built, is an example of the free rider problem.
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A local business provides carrier training for young adults entering the workers directly from high school. Which economic question has the business answered by focusing on recent high school graduation?
For whom to produce, is the economic question that the local business answered by focusing on recent high school graduation.
A business is deemed local business if it sells products or offers services to residents in the area. A local business, sometimes referred to as "brick and mortar," might be locally owned or a corporate entity with several sites operating in a particular locality. local businesses are corporations, partnerships, or sole proprietorships with fewer workers and/or lower yearly income than an average-sized local business or corporation in the community. Students who work in local businesses tend to bounce back from setbacks more easily and have a thirst for creativity and the determination to aim high. Student entrepreneurs will be a significant addition to their local businesses and the world at large thanks to the local business skills that are unavoidable in this day and age.
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In need of some general advice.
I never have and most likely never will participate or be in any business classes. does this seem like a good idea?
starting by dropshipping for $2-3 less than I pay for the item, then going up on my price slowly during inflation as I get more people buying stuff.
Answer:
I think you should do what you want so if you don't want to do it then don't but if you do go ahead and do it . You should do what you feel like doing
Have a good Day
a marketer is keeping track of the revenue generated by his campaign. he wants to see a specified return-on-investment for his monthly ad spend.
To calculate the return-on-investment (ROI), the marketer can follow these steps: determine the revenue generated from the campaign, calculate the ad spend, subtract the ad spend from the revenue, divide the profit by the ad spend.
How to calculate return-on-investment (ROI)?A marketer is keeping track of the revenue generated by his campaign and wants to see a specified return-on-investment for his monthly ad spend. To calculate the return-on-investment (ROI), the marketer can follow these steps:
1. Determine the revenue generated from the campaign: The marketer needs to calculate the total revenue generated from the campaign during a specific period, such as a month.
2. Calculate the ad spend: The marketer needs to determine the total amount spent on advertising during the same period.
3. Subtract the ad spend from the revenue: Subtract the ad spend from the revenue to get the profit.
4. Divide the profit by the ad spend: Divide the profit by the ad spend and multiply by 100 to get the ROI as a percentage.
The formula for calculating ROI is: ROI = (Revenue - Ad Spend) / Ad Spend * 100
By following these steps and using the ROI formula, the marketer can determine the specified return-on-investment for his monthly ad spend.
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What are the 5 steps to opening a savings account?
Five steps in opening a bank account includes the following;
Get familiar with your basic bank account optionsChoose a bank.Research bank account options.Gather documents & open your bank account.Start using your bank account.What is a Bank AccountA bank account is a financial account which is domiciled with a bank or other financial institution in which the financial transactions between the bank and a customer are recorded.
A bank account carries some responsibilities both on the side of the account owner and the financial institution that manages the account. The owner of the account may deposit and withdraw money and in some cases be paid interest by the financial institution.
These Financial institutions may offer other services such as loans, overdraft of financial information to their customers. Some other financial institutions may also manage pension accounts for their customers.
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Index manipulation a) For this exercise you will link two distinct series of price indices with the aim of creating one long and continuous series stretching from 1900 to 2021. The titles of the series appear on the Link sheet in the Excel template that you must complete. The link period is year 1914, i. E. , the first year that is common to both series. The goal is to create a new series in column J for consumer price index series that is longer than that available from the Statistics Canada database (which starts in 1914). We will use this information in b) to make a revealing calculation. A. The hourly wage of a master electrician in Toronto in 2021 is $40. 00; in contrast, the comparable wage in 1901 was $1. 00 (both figures are in nominal dollars). Using the information in a), calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901. Show your calculation in your working document and do the calculation in the Excel file on the sheet linked in cell F127. Has an electrician's purchasing power improved in 2021 when compared to their 1901 salary? Explain the logic of your answer in your working document
(a) The equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40. (b) The electrician's purchasing power has improved in 2021 compared to their 1901 salary.
To calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901, we need to adjust the 1901 wage for inflation using the consumer price index (CPI) series.
Given that the CPI series is available from 1914 onwards, we can use the link period to establish a continuous series from 1900 to 2021. In the Excel template provided, we can use the data in columns E and H to link the two distinct series of price indices.
Using the formula: Equivalent Wage = (1901 Wage * CPI in 2021) / CPI in 1901
We can calculate the equivalent wage in 2021 dollars for the electrician's salary in 1901.
In the Excel template, locate cell F127 and enter the formula:
`=($C$129*E127)/E$129`
This formula takes the 1901 wage value from cell C129, multiplies it by the CPI in 2021 from cell E127, and divides it by the CPI in 1901 from cell E129.
Upon calculating the formula, we find that the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40.
Therefore, the electrician's purchasing power has significantly improved in 2021 compared to their 1901 salary. With the equivalent wage in 2021 being substantially higher than the 1901 wage, the electrician's income would allow them to afford a greater quantity of goods and services in 2021, indicating an improvement in purchasing power over time.
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If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as ___________________
Answer:
A shortage
Explanation:
If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as market shortage.
What is market shortage?This is a state that occurs in an economy where the quantity that is demanded of a good is more than the quantity that is supplied.
When this issue exists, customers are unsatisfied because they cannot buy the quantity of goods that they want.
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3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
What protects consumers against harm from products on the market? Franchises Profit Motives Private property rights Government Regulations
An example of form utility is when a customer gives cash in exchange for a pair of
sunglasses.
O TRUE
O FALSE
PLEASE HELP
1. What is the name of the company? (1.0 points)
2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)
3. What products or services is the company best known for? (2-3 sentences. 2.0 points)
3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)
4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)
5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)
6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)
7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)
8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)
Based on the information given, the company that's chosen is Tesla and it's a product-based company.
What is Tesla?The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.
The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy
Lastly, the main challenge faced by the company is rising material costs.
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define free enterprise
Free enterprise is an economic system where businesses and individuals are able to make their own economic decisions without government interference. This is also known as a market economy.
In a free enterprise system, businesses are able to produce and sell goods and services without government control. Additionally, consumers are able to purchase goods and services according to their own preferences and budget.
In a free enterprise system, the government's role is primarily limited to enforcing the rule of law and protecting property rights. The government does not typically regulate prices, production, or distribution of goods and services.
Instead, the market forces of supply and demand determine the prices and quantities of goods and services that are produced and consumed.
Free enterprise is characterized by competition and entrepreneurship, which are thought to be key drivers of innovation, efficiency, and economic growth.
In a free enterprise system, businesses that are able to provide goods and services at lower prices or higher quality than their competitors will tend to be more successful, while businesses that are less efficient or less able to meet consumer demands will tend to be less successful.
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Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?
JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
FILL IN THE BLANK. As a person receives more of a good, the _______ from each additional unit of the
good declines.
A. utility
B. sunk costs
C. marginal utility
D. budget constraint
C. Marginal utility refers to the additional satisfaction or benefit that a person derives from consuming one more unit of a good. The marginal utility from each extra unit of a good decreases when a person obtains more of it. This concept is known as the law of diminishing marginal utility.
For example, if a person eats one chocolate, they may derive a lot of satisfaction from it. However, if they eat two or three chocolates, the satisfaction derived from each additional chocolate may decrease. This is because the person's hunger has been satisfied to some extent and they are now getting less and less satisfaction from each additional chocolate they consume.
The law of diminishing marginal utility is important for understanding consumer behavior and the demand for goods. It suggests that consumers are more likely to purchase more of a good at lower prices and less likely to purchase more at higher prices. This is because the marginal utility of a good decreases as a person consumes more of it, and they are more likely to be sensitive to changes in the price of a good that they have a lot of experience with.
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The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.
Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.
The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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"Lindsey also needs to calculate the dividends earned each month. If the company earns $200,000 or more in a month, the dividend is 35% of the sales. If the company earns less than $200,000 in a month, the dividend is 27% of the sales. Calculate the dividends as follows: a. In cell B17, enter a formula that uses the IF function and tests whether the total sales for January (cell B10) is greater than or equal to 200000. b. If the condition is true, multiply the total sales for January (cell B10) by 0.35 to calculate a dividend of 35%. c. If the condition is false, multiply the total sales for January (cell B10) by 0.27 to calculate a dividend of 27%. d. Use the Fill Handle to fill the range C17:G17 with the formula in cell B17 to calculate the dividends for February through June."
We'll start by studying the IF function syntax: Where logical test is the decision-making comparison, value if true is the result to return when True, and value if false is the result to return when False.
What outcome does the IF function produce?Either True or False is the outcome of the IF function. For instance, we can determine whether cell B2's value exceeds cell A2's value. If so, the outcome is True; otherwise, it is False.
What is the equation if the number is?Excel's Boolean function generates the output. Together with the Excel Search function, the isnumber function determines whether a cell's contents contain a particular text.
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The degree of operating leverage ______. Multiple select question. is not a constant is smallest at sales levels near the break-even point increases as sales and profits rise is greatest at sales levels near the break-even point decreases as sales and profits rise
It should be noted that the degree of operating leverage ;
decreases as sales and profits rise.is greatest at sales levels near the break-even point.is not a constant.What is Leverage in business?Leverage can be regarded as the amount of debt a company has in its mix of debt and equity.
When a company has more debt than average for its industry , its highly leveraged.
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How many Tim Hortons franchises are there? (franchises not including franchisees)
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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