Answer:
The Pension schedule is prepared in the workings as requested.
Explanation:
The question is to Prepare a Pension Worksheet for Hennein Company for 2017
HENNEIN COMPANY
PENSION WORKSHEET FOR 2017
General Journal Entry Memo Record
Item Pension Cash Pension Defined Plan
Expenses Asset/Liab Benefit Assets
Obligation
Jan 1, 2017 280,000 CR 280,000 Dr
Service Cost 27,500 DR 27,500 CR
interest Cost 28,000 DR 28,000 CR
Actual return 25,000 CR 25,000 DR
Contributions 20,000 CR 20,000 DR
Benefits 17,500 DR 17,500 CR
Journal Entry 30,500 DR 20,000 CR 10,500 CR
Dec. 31, 2017 10,500 CR 318,000 CR 307,500 DR
Note that the interest cost is as follows
280,000 x 10% = $28,000
The question requires preparation of a pension worksheet for Hennein Company for 2017, including details on their plan assets, projected benefit obligation, service cost, return on assets, contributions, and benefits paid. However, without information on actuarial gains/losses or other changes, a complete worksheet can't be accurately provided.
Explanation:Pension Worksheet Preparation
The student is asking for assistance in preparing a pension worksheet for Hennein Company for the year 2017. At the beginning of the year, both the plan assets and projected benefit obligation were $280,000. During the year, the service cost amounted to $27,500; the settlement rate used was 10%; the actual and expected return on plan assets was $25,000; contributions made were $20,000, and the benefits paid out totaled $17,500.
A pension worksheet typically tracks the changes in the pension fund over the course of a year and helps to reconcile the plan's funding status. The service cost will increase the projected benefit obligation, while the return on plan assets will increase the value of plan assets. Contributions also increase plan assets, while benefits paid decrease them.
Unfortunately, to answer this question accurately, additional information about actuarial gains or losses, changes in pension estimates, or prior service costs would be necessary. Without this information, a complete pension worksheet cannot be provided.
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Cost Per Input UnitUnits Produced 1,000 1,000 Labor (hours) 280 255 $12Resin (pounds) 48 43 $5Capital Invested ($)9,000 10,000 1%Energy (BTU) 2,900 2,750 $0.50The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator = ___%?
Answer:
7.313%
Explanation:
In the problem above, the total cost for last year production is equivalent to the addition of labor cost, energy cost, capital cost, and material cost. Thus,
Total cost (last year) = (300*12) + (3000*0.6) + (9000*0.02) + (48*6) = 3600 + 1800 + 180 + 288 = 5868.
Last year productivity = unit produced/total cost = 1000/5868 = 0.17042
Total cost (this year) = (275*12) + (2850*0.60) + (10000*0.02) + (43*6) = 3300 + 1710 + 200 + 258 = 5468
This year productivity = 1000/5468 = 0.18288
%change in productivity = [(0.18288 - 0.17042)/0.17042]*100% = 7.313%
The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator is 7.313%
The calculation is as follows;
Total cost (last year) is
= (300 × 12) + (3000 × 0.6) + (9000 × 0.02) + (48 × 6)
= 3600 + 1800 + 180 + 288
= 5868.
Now
Last year productivity = unit produced ÷ total cost
= 1000 ÷ 5868
= 0.17042
Now
Total cost (this year) = (275 ×12) + (2850 ×0.60) + (10000 × 0.02) + (43 × 6)
= 3300 + 1710 + 200 + 258
= 5468
Now
This year productivity = 1000 ÷ 5468
= 0.18288
Now
%change in productivity = [(0.18288 - 0.17042) ÷ 0.17042]
= 7.313%
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Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2 customers: $32 3 customers: $35 4 customers: $38 5 customers: $42 6 customers: $48 7 customers: $57 8 customers: $68. If you are compensated $10 per ride, what customer load would you choose?
Answer:
Explanation:
I will choose 1 customer because I will end up carry 1 load and get $10 dollars... Since the compensation is per ride not per customers...
In the context of strategic approaches to international staffing, which of the following is TRUE of the ethnocentric policy? a. This policy primarily aims at easing transfer of policies from subsidiary to headquarters. b. This policy encourages host-country nationals to staff key positions. c. This policy primarily encourages third-country nationals to fill key positions. d. This policy supports the view that managers from headquarters should staff key positions.
Answer:
d. This policy supports the view that managers from headquarters should staff key positions.
Explanation:
ethnocentric policy refers to employing managers based at headquarters
of the multinational company for heading the subsidiary units at different countries instead of employing local managers at local level units.
Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. If he wants to pay off his mortgage today, how much money does he need? He made his most recent mortgage payment earlier today. (Round your intermediate calculation and your answer to two decimal places.)
Answer:
The answer is $76,312.05
Explanation:
We have monthly interest rate which is discount rate is: 5% / 12 = 0.42%;
The mortgage will have 25 x 12 = 300 payments;
The monthly payment is calculated by applying present value for annuity as below:
(150,000 x 0.42%) / [ 1 - (1+0.42%)^(-300)] = $880.38
As at the time of fully pay-off, there are (25-16) * 12 = 108 payments left.
The amount needs to fully pay-off this loan is equal to the present value of 108 payments left which is calculated as below:
(880.38/0.42%) * ( [ 1 - (1+0.42%)^(-108)] = $76,312.05.
So, the answer is $76,312.05.
The cost for manufacturing a component used in intelligent interface converters was $23,000 the first year. The company expects the cost to increase by 2% each year. Calculate the present worth of this cost over a fiveyear period at an interest rate of 10% per year.
Answer:
present worth = $7380
Explanation:
given data
initial cash flow = $23,000
geometric gradient = 2%
interest rate i = 10% per year
time period = 5 year
solution
we get here present worth cost that is
present worth = initial cash flow × [tex]\frac{1-(\frac{1+g}{1+i})^t}{1-g}[/tex] ......................1
put here value and we get
present worth = $23,000 × [tex]\frac{1-(\frac{1+0.02}{1+0.10})^5}{1-0.02}[/tex]
present worth = $23,000 × 0.32087
present worth = $7380
All of the following are ethical sources of data for external analysis EXCEPT: a. trade shows. b. a competitor's help-wanted advertisements. c. a competitor's confidential memos. d. a competitor's annual reports.
Answer:
c. a competitor's confidential memos.
Explanation:
Using a competitor's confidential memos for external analysis is not an ethical practice. To use confidential internal memos is unethical and it might be illegal in some situations because you might use an illegal and unethical way to obtain that information. All the other options Trade shows, Advertisements and annual report are the publicized data which could be used. Competitive Intelligence is a practice in the market to to gather competitor's data by using all the public information available which is legal and ethical too.
A competitor's confidential memos are not an ethical source of data for external analysis, unlike trade shows, help-wanted ads, and annual reports, which are publicly available and ethical to use.
The question asks which of the following is not an ethical source of data for external analysis: a. trade shows, b. a competitor's help-wanted advertisements, c. a competitor's confidential memos, d. a competitor's annual reports. The ethical sourcing of data is critical for maintaining professional integrity and adhering to legal standards in business practices. Ethical sources include publicly available information such as data from trade shows, help-wanted advertisements, and annual reports. These sources are openly accessible to the public and do not infringe upon privacy or proprietary rights.
Conversely, a competitor's confidential memos are not an ethical source of data for external analysis. These documents are considered proprietary and confidential, accessing them without permission constitutes a breach of privacy and can result in legal consequences as well as damage to professional relationships and reputation.
Therefore, the correct answer to the question is c. a competitor's confidential memos.
Which of the following is part of an economic model? A. norms B. opinions C. preferences of economic agents D. data
Answer:
The correct answer is letter "D": data.
Explanation:
Economic models are abstractions that aim to simplify real-world economic events. Economists base their hypothesis in data collected that allows thinking certain patterns are being repeated and are likely to let verify trends by which those events can be studied and dealt with if occurred again.
Individuals are rationally ignorant about the wealth implications of government activities because the cost of acquiring such information is high and the private benefit is low.true or false
Answer:
The answer is true
Explanation:
The cost of acquiring information about the wealth implications of government activities is high
The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017:
Cash and cash equivalents, governmental activities $3,640,000
Cash and cash equivalents, business-type activities 832,000
Receivables, governmental activities 615,000
Receivables, business-type activities 1,259,000
Inventories, business-type activities 492,000
Capital assets, net, governmental activities 10,030,000
Capital assets, net, business-type activities 10,740,000
Accounts payable, governmental activities 615,000
Accounts payable, business-type activities 624,000
Noncurrent liabilities, governmental activities 5,160,000
Noncurrent liabilities, business-type activities 3,039,000
Net position, net investment in capital assets, governmental activities 4,870,000
Net position, net investment in capital assets, business-type activities 7,701,000
Net position, restricted for debt service, governmental activities 714,000
Net position, restricted for debt service, business-type activities 211,000
From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2017.
The Statement of Net Position for the City of Southern Springs includes cash and cash equivalents, receivables, capital assets, accounts payable, noncurrent liabilities, and net position for both governmental and business-type activities.
Explanation:Statement of Net Position for the City of Southern Springs as of April 30, 2017
Governmental Activities:
Cash and cash equivalents: $3,640,000Receivables: $615,000Capital assets, net: $10,030,000Accounts payable: $615,000Noncurrent liabilities: $5,160,000Net position, net investment in capital assets: $4,870,000Net position, restricted for debt service: $714,000Business-Type Activities:
Cash and cash equivalents: $832,000Receivables: $1,259,000Inventories: $492,000Capital assets, net: $10,740,000Accounts payable: $624,000Noncurrent liabilities: $3,039,000Net position, net investment in capital assets: $7,701,000Net position, restricted for debt service: $211,000Learn more about Statement of Net Position here:https://brainly.com/question/32370618
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The T-account balance sheet for the bank lists reserves, government bonds, and loans as assets, totaling $620. The only liability listed is deposits at $400. The bank's net worth, calculated as total assets minus total liabilities, is $220.
Explanation:Bank's T-Account Balance SheetTo create a T-account balance sheet for the bank, we list assets on the left side and liabilities plus equity on the right side:
AssetsReserves: $50Government Bonds: $70Loans: $500Liabilities and EquityDeposits: $400The net worth or equity of the bank is the difference between the total assets and total liabilities. In this case:
Total Assets = $50 (reserves) + $70 (bonds) + $500 (loans) = $620
Total Liabilities = $400 (deposits)
Net Worth (Equity) = Total Assets - Total Liabilities = $620 - $400 = $220
Therefore, the bank's net worth is $220.
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Fixed Costs,or overhead,are expenses that are the same no matter how much product you sell. Identify the fixed costs for your cafe, estimate the monthly amount for each, and calculate the monthly total.
Answer:
Total cost = $14,720 per month.
Explanation:
There is a kiosk café near my house that runs for 40 hours a week and its fixed cost comprises of basically of rent and labour, it employs a Barista, a baker and a manager. Below is what the total fixed cost looks like
Rent = $8000 Per month
Labour (barista$8, baker$8 and manager$14 all per hour) = $6720(assuming a 160 working hours per month.
Therefore, the overhead cost is $14,720 per month.
Fixed costs for the cafe include rent, insurance, salaries, equipment leases, and utilities. Estimating these monthly expenses helps determine the business's stable operational costs, vital for financial planning.
In your cafe, fixed costs typically remain constant regardless of sales volume. Common fixed costs include rent or lease payments, insurance premiums, salaries of salaried employees, equipment leases, and utilities like internet and phone services.
To estimate the monthly amounts, tally up these expenses from your records or contracts. For instance, if your rent is $2,000, insurance is $300, and utilities cost $500 per month, the total fixed costs would be $2,800 monthly. This calculation helps you understand your baseline operational expenses, allowing you to plan your budget and pricing strategies effectively.
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What are some events that have significantly influenced and changed the sport industry? Please explain.
Answer: WORLD WAR 1 AND II
BICYCLE CRAZE
ENDORSING.
Explanation:World war 1 is also known as the FIRST WORLD WAR it took place between 1914-1918, it made sports Competition popular among soldiers such as Football, Athletics etc the love of sports led to the creation of leagues among soldiers and war criminals. World war II significantly affected the sports as.moat of the plays were called-off,sports men were recruited to fight etc.
The bicycle craze had a great significant in sports as the urge for bicycle rasing started immediately after the invention of bicycles in the 1800s.
ENDORSING have impacted sports greatly as many multinationals have been involved in endorsing spots men and women,this has helped to increase the urge for sporting activities.
The sport industry has been significantly influenced by the establishment of professional leagues, worldwide sporting events like the Olympic games, and advancements in technology such as broadcast media and digital platforms.
Explanation:There are several key events that have significantly influenced the sport industry. The establishment of professional leagues like the NFL, NBA, and FIFA strongly altered the business structure of sports, prompting a shift from an amateur outlook to a professional one. Furthermore, the inception of worldwide sport events such as the Olympic games has a profound impact on international unity and diversity, economically and culturally. Lastly, advancements in technology have played an indispensable role in the evolution of sports, enhanced performances, created new sports, and revolutionized the experience for spectators with broadcast media and digital platforms.
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1. ABC Corporation acquires all of the assets and liabilities of XYZ Company, at a price that is significantly higher than the fair value of the identifiable net assets acquired. Four months after the acquisition, a fire destroys some of XYZ's property. How does ABC report this? A. ABC will report a loss on property in income. B. ABC will report more goodwill from the acquisition. C. ABC will not report this event. D. ABC will report less goodwill from the acquisition.
Answer:
A. ABC will report a loss on property in income
Explanation:
The fire made a physical impact on the assets of XYZ
The entry to report the fire in accounting will acknowledge the physical losses in XYZ assets.
Later, at year-end will check the goodwill for impartment and check if the outgoing busines s of XYZ still has that intangible value attached to it or not and, amortize the required amount.
ABC Corporation must report the loss from the fire as a loss on property in income. The loss does not directly impact previously recorded goodwill unless an impairment of the goodwill is specifically attributable to the event.
Explanation:When ABC Corporation acquires all of the assets and liabilities of XYZ Company for a price higher than the fair value of the identifiable net assets acquired, this creates goodwill on ABC's balance sheet. Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets. If, following the acquisition, a fire destroys some of XYZ's property, ABC Corporation must report the event as a loss. Therefore, the correct answer is A. ABC will report a loss on property in income.
This loss acknowledgement would appear as a decrease in the value of the property on ABC's balance sheet, and the company would recognize a loss on the income statement. The loss from the fire does not affect the amount of goodwill recorded earlier unless it is determined that the goodwill itself has been impaired as a direct result of the fire. If goodwill is found to be impaired, it may lead to an impairment charge, which would also be reported on the income statement, and the value of goodwill on the balance sheet would decrease accordingly.
Yvonne and Garret are looking at information about how their organization's products could fit potential customers' needs. This information deals with demographic characteristics, product benefits sought, lifestyles, geographic factors, brand preferences, and usage rates. They are most likely looking at
Answer:
a market segment profile.
Explanation:
A market segment profile -
It refers to the detailed information and analysis of the market on the wider range of aspects , is referred to as a market segment profile .
It helps of understand the factors in a better manner , which can be advantageous for the company or organisation .
The information is about the brand preference , geographical aspects , benefits of the products etc,.
Hence , from the given scenario of the question,
The correct term is a market segment profile .
Charles Berkle is the manager of Nogain Manufacturing and is interested in doing a cost of quality analysis. The following cost and revenue data are available for the most recent year ended December 31: Sales revenue$250,000 Cost of goods sold 140,000 Warranty expense 21,000 Inspection costs 15,000 Scrap and rework 8,600 Product returns due to defects 6,000 Depreciation expense 10,000 Machine maintenance expense 3,000 Wage expense 35,000 Machine breakdown costs 4,000 Estimated lost sales due to poor quality 5,000
Explanation:
a. The classification is shown below:
Prevention cost: This cost incurred so that the faults, or defects could be minimized as compare to before. It includes the machine maintenance expense i.e $3,000
Appraisal cost: This cost incurred specially to meet the quality of the customer expectations. It is a quality control cost. It includes the inspection cost of $15,000
Internal failure: This cost is occurred before delivery the product from the factory. It includes Scrap and rework of $8,600 and Machine breakdown cost of $4,000
External failure: This cost is occurred after delivery the product. It includes the warranty expense of $21,000, product return due to defects of $6,000 and Estimated lost sales due to poor quality of $5,000
b. Now the percentage is
= (Prevention and appraisal cost) ÷ (Sales revenue) × 100
= ($3,000 + $15,000) ÷ ($250,000) × 100
= 7.2%
c. The percentage is
= (Internal and external failures) ÷ (Sales revenue) × 100
= ($8,600 + $4,000 + $21,000 + $6,000 + $5,000) ÷ ($250,000) × 100
= 17.84%
Below is the attachment for cost of quality report
"Cary’s Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at the end of the month. On April 30, Cary’s Carpeting Cleaning pays $8,000 to the equipment supplier."Prepare the appropriate journal entry for the payment on April 30.
Answer:
Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment.
Cash paid = $2,000
Giving an informal promise to pay at the end of the month = $8,000
The journal entry is as follows:
On April 30,
Accounts payable A/c Dr. $8,000
To cash A/c $8,000
(To record the payment for the equipment on April 30.)
Consider the market for plane tickets to Hawaii. A bad winter in the mainland United States increases demand for tropical vacations, shifting the demand curve to the right. The supply curve stays constant. Total surplus will:
Answer:
Increase
Explanation:
Consumer surplus means the difference between the highest price a consumer is willing to pay and the actual market price of a product
Producer surplus means the difference between the market price and the lowest price a producer is willing to take for his product.
The addition of the two gives total surplus which is also known as economic surplus.
In economics, market price and quantity of a good are obtained when supply and demand curves intersect. The space before the intersection of the two curves is where the consumer is ready to pay higher than the price which suppliers is ready to a given quantity the good. There is therefore surplus for both of them at the market price.
If the demand curve shifts to the right while the supply curve remains constant, the market price will rise and this will lead to increase both consumer and producer surplus increase. By implication, total surplus will rise since it is the addition of both consumer and producer surplus.
Therefore, total surplus will increase if a bad winter in the mainland United States increases demand for tropical vacations, which shifts the demand curve to the right while the supply curve stays constant.
I wish you the best.
Answer:
increase because both consumer and producer surplus increase
A manager who allows employees to make the decisions necessary to face a rapidly changing environment promotes a culture, which emphasizes an internal focus on the participation of employees to adapt rapidly to change.
True or False?
Explanation:
Yes, the answer is in fact true
When Target Corporation attempted to expand into the Canadian market in 2013 to establish itself as an international firm, it was adopting a stance toward the global retail environment.
Answer:
proactive
Explanation:
The Target Corporation tried to be proactive in nature instead of just relying on the response to an unsuitable market conditions. The company created a series of proactive measures for the global retail environment. This helped the company to be able to respond to the change in the conditions of the Canadian market due to change in demand and supply.
An increase in the foreign demand for U.S. wheat, combined with improved technology in U.S. wheat production, would cause the domestic equilibrium price of wheat to _________ and the equilibrium quantity to _________.
Answer:
An increase in the foreign demand for U.S. wheat, combined with improved technology in U.S. wheat production, would cause the domestic equilibrium price of wheat to remain unchanged (intermediate) and the equilibrium quantity to increase.
Explanation:
It is worthy of note that as the foreign demand for U.S wheat increases, there was a combined improvement in the technology used in the U.S wheat production. Hence it can be stated that as demand from foreign sources increased, the supply also increased to mop up the effect of this increase in demand, as a result, the domestic equilibrium price remains relatively unchanged. If the production rate had not increased along with demand, there would have been more demand than supply thus, the price of wheat would have increased. On the other hand, the equilibrium quantity of wheat increased due to the improvement in production technology.
Final answer:
An increase in foreign demand for U.S. wheat combined with improved technology in wheat production will likely lead to higher equilibrium quantity. The effect on the domestic equilibrium price of wheat can be ambiguous, as it depends on the relative magnitudes of demand increase and supply increase.
Explanation:
An increase in the foreign demand for U.S. wheat coupled with improved technology in wheat production affects the domestic equilibrium for wheat. Higher foreign demand would increase U.S. wheat exports, leading to a potential increase in the domestic equilibrium price of wheat because there's less supply available for domestic consumers. However, improved production technology increases supply which could mitigate this price increase and lead to a lower equilibrium price than without the technology improvement. As a result, the equilibrium quantity of wheat would increase due to the combined effect of increased foreign demand and a larger supply thanks to the improved technology.
If the U.S exported more to Mexico due to increased demand there, at the same time as U.S farmers are producing more efficiently, we would see conflicting pressures on the U.S. domestic price. Increased exports could raise prices, but higher efficiency could reduce them. Ultimately, the net effect on price could go either way depending on the relative magnitudes of demand increase and supply increase. The equilibrium quantity, on the other hand, is likely to increase, as the higher foreign demand coupled with greater production capacity results in more wheat being sold overall.
How many months will it take to pay off a $470 debt, with monthly payments of $20 at the end of each month, if the annual interest rate is 15%, compounded monthly?
Answer:
28 month (approx)
Explanation:
Given
Present value = $470
Monthly Payment = $20
Interest Rate = 15% annual = 15% / 12 = 1.25% monthly
=0.0125
[tex]Present Value = PMT [\frac{1-(1+i)^{-n}}{i}] \\470 = 20 [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\470/20 = [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\23.5 \times 0.0125 =1-(1+0.0125)^{-n}\\1-0.29375= (1+0.0125)^{-n}\\0.70625 = (1+0.0125)^{-n}\\0.70625 =(1.0125)^{-n}\\0.70625= \frac{1}{(1.0125)^{n}}\\(1.0125)^{n}=1.4159292\\n=28(approx)[/tex]Which of the following is not an example of a cost and its related cost driver? Cost Cost Driver A. Rent Square feet B. Transportation Miles driven C. Direct labor hours Indirect labor D. Utilities Machine hours
Option C
Direct labor hours ; Indirect labor is not an example of a cost and its related cost driver
Explanation:
A cost driver triggers a variation in the price of the activity. The idea is everywhere ordinarily employed to allocate aloft prices to the abundance of built assemblies. It can further be related to activity-based costing inquiry to ascertain the circumstances of expenses, which can be done to depreciate overhead prices.
In unusual accounting systems, cost drivers are practically inapplicable in determining the enrichment, Quantity of set-ups, Amount of machine-hours, Amount of labor hours, Abundance of orders bound and uttered.
Find the amount to which $600 will grow under each of these conditions: 12% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 12% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ Why does the observed pattern of FVs occur
Answer:
1. = $1,485.58
2. = $1,524.21
3. = $1,545.05
4. = $1,559.56
Explanation:
The amount the $600 will grow can be calculated using the following compounding formula:
A = P × [1 + (r ÷ n)]^nt ............................................. (1)
where:
P = Initial or original amount = $600
A = new amount
r = interest rate = 12% = 0.12
n = compounding frequency
t = overall length of period the interest is applied
Equation can then be applied as follows:
1. For 12% compounded annually for 8 years
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = annually = 1
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 1)]^(1 × 8)
= $600 × [1 + (0.12)]^8
= $600 × (1.12)^8
= $600 × 2.47596317629481
= $1,485.58
2. For $12% compounded semiannually for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = semiannually = 2
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 2)]^(2 × 8)
= $600 × [1 + (0.06)]^16
= $600 × (1.06)^16
= $600 × 2.54035168468567
= $1,524.21
3. For $12% compounded semiannually for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = quarterly = 4
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 4)]^(4 × 8)
= $600 × [1 + (0.03)]^32
= $600 × (1.03)^32
= $600 × 2.57508275568511
= $1,545.05
4. For $12% compounded monthly for 8 years.
P = Initial or original amount = $600
r = interest rate = 12% = 0.12
n = compounding frequency = quarterly = 12
t = overall length of period the interest is applied = 8
Therefore,
A = $600 × [1 + (0.12 ÷ 12)]^(12 × 8)
= $600 × [1 + (0.01)]^96
= $600 × (1.01)^96
= $600 × 2.59927292555939
= $1,559.56
The observed pattern of FVs occur because of the different compounding frequency.
All the best.
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividends, and it has ending total equity of $4.99 million. The company currently has 130,000 shares of common stock outstanding.a. What are earnings per share?b. What are dividends per share?c. What is the book value per share?d. If the stock currently sells for $74 per share, what is the market-to-book ratio?
Answer:
a. $3.5 per share
b. $1.49 per share
c. $38.38 per share
d. 1.93 times
Explanation:
The computation is shown below:
a. Earning per share = (Net income) ÷ (Number of shares)
where,
Net income = Additions to retained earnings + cash dividends
= $261,000 + $194,000
= $455,000
So, the earning per share equal to
= $455,000 ÷ 130,000 shares
= $3.5 per share
b. Dividend per share = (Total dividend) ÷ (number of shares)
= ($194,000) ÷ (130,000 shares)
= $1.49 per share
c. Book value per share = (Total equity) ÷ (number of shares)
= ($4,990,000) ÷ (130,000 shares)
= $38.38 per share
d. Market to book ratio = (Market price per share) ÷ (book value per share)
= $74 ÷ $38.38
= 1.93 times
A company is in its first month of operations. Supplies worth $4,000 were purchased on January 5. At the end of the month supplies worth $3,000 were in hand. What adjusting entry would be made at the end of January?
Answer:
Adjustying Entry at the end of January
Dr. Cr.
Supplies Expense Account $1,000
Supplies Inventory Account $1,000
Explanation:
Opening supplies = 0 (First month of operation)
Purchases on January 5 = $4,000
Supplies on January 31 = $3,000
Closing Inventory = Opening Inventory + Purchase during the month - Expense for the month
$3,000 = $0 + $4,000 - Expense for January
Expense for January = $4,000 - $3,000 = $1,000
The last stage of Monsanto’s commercialization path involved Select one: a. sustainability as a corporate goal b. promises of further innovations c. competition from DuPont d. government restrictions
Answer:
The correct answer is c. competition from DuPont
Explanation:
The following quote best describes ________. "The marvels of modern technology include the development of a soda can which, when discarded, will last forever, and a car, which when properly cared for, will rust out in two or three years."
A) planned obsolescence
B) product failure
C) deceptive promotions
D) deceptive packaging
E) excessive markups
Answer:
E)excessive markups
Explanation:
the car must was the must to the book
Final answer:
The quote describes planned obsolescence, a business strategy where products are designed to become obsolete quickly, forcing consumers to buy new ones. This practice is common in electronics and fashion, highlighting issues of environmental waste and economic consumption.
Explanation:
The quote “The marvels of modern technology include the development of a soda can which, when discarded, will last forever, and a car, which when properly cared for, will rust out in two or three years” best describes planned obsolescence. Planned obsolescence is a strategy used by companies to create products that are designed to become obsolete or unusable after a certain period, forcing consumers to purchase new ones. This concept is evident in various sectors, from electronics where smartphones and laptops are made with non-upgradeable components or batteries, to the fashion industry with goods like the nylon stockings that wear out quickly. On a wider scale, this practice has significant environmental and economic implications, encouraging a cycle of continuous consumption and waste.
Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items. Mortarville, an urban town that specializes in brick and ore, wants wood to build roads so that it can expand and connect to other major cities. Mortarville has a willingness to pay $ 50 $50 for wood, since wood is hard for them to obtain. Mayflair also needs wood to build grain silos for their wheat harvests. Mayflair is willing to pay $ 45 $45 for wood. Timber, the only foresting company, sets the price of wood at $ 60 $60 . The change in total surplus that arises due to trades between TIMBER and and the tows is:________.
-less than zero
-equal to zero
-greater than zero
Answer:
-equal to zero
Explanation:
As the price for wood is above the demand is willing to pay there is no trade.
Either some of the participants will increase their demand and accept the price of 60 dollars; look for another supplier or look into producing for themselves
Also, Timber could lower the prce of wood so trade occurs.
The change in total surplus from the trades between Timber, Mortarville, and Mayflair is negative because Timber's price for wood exceeds both towns' willingness to pay, discouraging trade and decreasing the total surplus.
Explanation:The change in total surplus from the trades between Timber, Mortarville, and Mayflair is less than zero. This is due to the price Timber is charging for the wood it's higher than the willingness to pay of both towns (Mortarville is willing to pay $50 and Mayflar $45 while Timber is charging $60).
None of the towns will make a trade because the cost exceeds their willingness to pay leading to a decrease or negative change in total surplus. This is an example of how supply and demand can influence the market price and whether trades occur in an economy. The surplus is considered the benefit obtained from trading, but because the price is set too high and no trades are happening, there is no benefit, thus the total surplus is negative.
Learn more about Total Surplus here:https://brainly.com/question/36205877
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Relevance is a critical criterion in formulating a value claim for a positioning statement. The makers of Cialis, an erectile dysfunction (ED) drug, are considering a value claim that it "enhances intimacy and relationship." To assess the relevance of this claim, Cialis must determine if the claim: a. Is unique among value claims of competitor brands. b. Aligns with the specific needs of the target market. c. Can be endorsed by an authority figure or a celebrity. d. Is supportable by scientific evidence.
Answer:
Option D
Explanation:
Claim becomes valid and relevant if it has support of a scientific evidence.
Diaz Company owns a milling machine that cost $125,100 and has accumulated depreciation of $93,400. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.
The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Diaz sold the machine for $17,000 cash.
Diaz sold the machine for $31,700 cash.
Diaz sold the machine for $40,500 cash.
Answer:
Diaz sold the machine for $17,000 cash.
Dr. Cr.
Cash $17,000
Accumulated Depreciation $93,400
Loss on Sale $14,700
Machinery (Asset) $125,100
Diaz sold the machine for $31,700 cash.
Dr. Cr.
Cash $31,700
Accumulated Depreciation $93,400
Machinery (Asset) $125,100
Diaz sold the machine for $40,500 cash.
Dr. Cr.
Cash $40,500
Accumulated Depreciation $93,400
Gain on sale $8,800
Machinery (Asset) $125,100
Explanation:
Diaz sold the machine for $17,000 cash.
Loss on Sale = 125,100 - 93,400 - 17,000 = -14,700
Diaz sold the machine for $31,700 cash.
Loss on Sale = 125,100 - 93,400 - 31,700 = 0
Diaz sold the machine for $40,500 cash.
Loss on Sale = 125,100 - 93,400 - 40,500 = 88,00
Brief Exercise 4-08 In 2020, Kingbird Corporation reported net income of $1,171,600. It declared and paid preferred stock dividends of $265,400. During 2020, Kingbird had a weighted average of 209,100 common shares outstanding. Compute Kingbird 2020 earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.48.) Kingbird 2020 earnings per share $enter Kingbird's 2017 earnings per share in dollars rounded to 2 decimal places
Answer:
$4.33 per share
Explanation:
Given that,
Net income = $1,171,600
Preferred stock dividends paid = $265,400
weighted average of common shares outstanding = 209,100
Therefore,
Earnings per share:
= (Net income - Preferred stock dividends paid) ÷ weighted average of common shares o/s
= ($1,171,600 - $265,400) ÷ 209,100
= $906,200 ÷ 209,100
= $4.33 per share
Hence, the Kingbird 2020 earnings per share is $4.33.