Answer:
P0 = $16.333333333 rounded off to $16.33
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 * (1+g) is dividend expected for the next period g is the growth rate r is the required rate of return
P0 = 2.1 * (1+0.05) / (0.185 - 0.05)
P0 = $16.333333333 rounded off to $16.33
A great way to ontain hands-on training in a real work environment is to complete a(n)
Answer:
It's c, apprenticenship
Martin Company purchases a machine at the beginning of the year at a cost of $160,000. The machine is depreciated using the double-declining-balance method. The machine’s useful life is estimated to be 4 years with a $13,300 salvage value. The machine’s book value at the end of year 3 is:
Answer:
$6,700.
Explanation:
How to find
Depreciation Expense = Beginning of Year Book Value × Double Straight-line Rate
Depreciation Expense = $160,000 × (2 × 25%) = $80,000 (Depreciation Expense, year 1)
Depreciation Expense = Beginning of Year Book Value × Double Straight-line Rate
Depreciation Expense = ($160,000 − $80,000) × (2 × 25%) = $40,000 (Depreciation Expense, year 2)
Depreciation Expense = Beginning of Year Book Value × Double Straight-line Rate
Depreciation Expense = ($160,000 − $120,000) × (2 × 25%) = $20,000 (Depreciation Expense, year 3) Depreciation Expense = Beginning of Year Book Value × Double Straight-line Rate
Depreciation Expense = ($160,000 − $140,000) × (2 × 25%) = $10,000, but this would reduce the book value to less than salvage. Therefore, depreciation expense in year 4 is limited to $6,700.
(Book value at the beginning of the year, $20,000, minus the $13,300 salvage.)
SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.
Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.
A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.
What are business challenges?Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.
They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.
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instance, think about the jobs listed below. While those in positions like these get to work
in and around show business, the functions they perform are based right in the clusters we
considered today: Business Management, Finance, Marketing and Sales. See if you can
search online to find what is involved with these three specific jobs. Can you find an example
of someone who holds this position? What do the do? How might their job allow them to
feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency description of each of the three careers that you researched, including what tasks the
job requires and why the job is so important
2. A breakdown of the education requirements for each career, including subjects that might
be beneficial in preparing for each career
3. The projected annual salary for someone in each career and the job outlook according to
the Bureau of Labor
4. A summary of why you think this job is a good choice for someone who is interested it
"show business*
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters.
Senior Vice President of Theatre Operations:
This role involves overseeing the operations and management of theaters within a company. Responsibilities may include developing and implementing operational strategies, managing budgets and financial performance, coordinating with production teams, ensuring smooth theater operations, and enhancing the overall customer experience. An example of someone who holds this position is Mark Manuel, Senior Vice President of Theatre Operations at AMC Theatres.
Media Production Accountant:
A media production accountant is responsible for managing the financial aspects of film and television production. They handle budgeting, cost tracking, payroll, financial reporting, and ensuring compliance with industry regulations. Their role is crucial in managing the financial resources of a production, tracking expenses, and providing accurate financial information for decision-making. Relevant education in accounting or finance is essential for this career, and knowledge of the entertainment industry can be beneficial.
Social Media Director, Film Marketing Agency:
As a social media director in a film marketing agency, the role involves developing and implementing social media strategies to promote films. They oversee social media campaigns, manage content creation, engage with audiences, analyze performance metrics, and work closely with marketing teams. Their job is important in building an online presence, creating buzz, and engaging fans within the film industry. A background in marketing, communication, or digital media is typically desired for this role.
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters. These roles allow individuals to work behind the scenes, making critical decisions and supporting the overall success of productions. Additionally, being part of the entertainment industry can be exciting and fulfilling for those passionate about the world of show business.
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A plaintiff often sues only _____ when the manufacturer is located in a foreign country.
Answer: domestic distributer
Explanation: its is because it is difficult or impossible to peruse legal actions against foreign manufacturer, due to differences in legal system ,jurisdictional issues and other factors. as a result plaintiff may choose to sue the domestic distributor or seller which is easier to locate and has direct contact to consumers and sometimes depend of the condition of the case and the laws in the jurisdiction where the law suite is filed.
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
What are ethics in your own words?
The moral ideas and ideals that drive individual and societal action, helping to discern right from wrong, are referred to as ethics.
Why are ethics important?Ethics is essential because it provides a framework for making moral decisions. They assist people and society in deciding what is good and incorrect conduct, and they serve as a foundation for judging the morality of acts and decisions. Ethics also serves as a guide for personal behaviour and a standard for judging the behaviours of others. Furthermore, they contribute to the development of trust and the establishment of relationships based on mutual respect and fairness. Ethics is critical in professional contexts for upholding norms of honesty and responsibility. Overall, ethics plays a critical role in moulding individual and societal conduct, encouraging fairness, justice, and accountability, and assisting in the creation of a more peaceful and trustworthy world.
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Vocabulary - Terminology for components of taxable income Aa Aa Components to Taxable Income Terminology Match the terms relating to the basic terminology and concepts of personal taxation on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term These are not necessarily complete definitions, but there is only one possible answer for each term Term Answer Description Adiustments A. This is mortgage interest expense. Adjusted gross B. This is adjusted annually for changes in cost of living income Deductions C. This is a claim made by the taxpayer for each person supported by the taxpayer's income Reduce AGI by the standard deduction and allowable exemptions This term equals gross income less adjustments. This term refers to allowable expenses that are deducted from AGI. Examples of this term include charitable deductions, state and local taxes, and moving expenses. Standard deduction Itemized deductio Exemption D. E. F. G. example Capital gains tax categories Steps to AGI Steps to taxable ncome H. This term refers to the result after deducting expenses like alimony paid and self-employment taxes, to name a few. I. This is taxed as ordinary income if held less than 12 months. Taken against gross income, they result in AGI
Taken against gross income, they result in AGI: Adjustments.
H. It refers to income after deducting expenses such as alimony and self-employed tax: Adjusted gross income.
What is Adjusted Gross Revenue used for?Adjusted Gross Income is Gross Income less certain deductions. In addition, adjusted gross income is the starting point for calculating taxes and determining eligibility for certain tax credits and deductions that can be used to reduce your overall tax burden.
What is an example of adjusted gross income?Gross income includes wages, dividends, capital gains, business income, pension payments, and other income. Adjustments income include loan interest for student, expenses for faculty and staff, payment for child support, and retirement accounts contributions.
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Denise wants to clearly communicate and create a ________, a key input control, before her team tackles business activities. This way the team will be able to better allocate her firm’s scarce resources in order to accomplish the tasks at hand.
Answer:
budget
Explanation:
Denise wants to clearly communicate and create a budget which is the key input control. This way the team will learn to allocate the firm's scarce resources.
Better allocation of the firm's scarce resources in order to accomplish the task can be done by clearly communicating and creating a budget.
What do you mean by budget?Budget is an estimated income and expenditure for a period of time.
By clearly communicating and creating a budget, the team will be able to better allocate the firm's scarce resources.
Thus, Denise wants to clearly communicate and create a budget, a key input control, before her team tackles business activities. This way the team will be able to better allocate her firm's scarce resources in order to accomplish the task at hand.
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Remember not to use tools that are blank in any way
Remember not to use tools that are D. broken in any way.
Why are tools used ?Any instrument or basic piece of equipment that you hold in your hands and use to perform a specific type of job can be referred to as a tool. Tools include things like spades, hammers, knives, etc.
Any object used to accomplish a task can be referred to as a tool. Equipment typically refers to a collection of tools used to accomplish a particular task. However, it is important to keep in mind that you should never utilize items that are broken in any way before using them.
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Options for this question include:
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others. For a long time, he used cash-paying methods at the lowest price. Although he does not have many customers, the ones he has are loyal the store. However, with a new store opening nearby selling similar goods, his area his business starts to deteriorate.
Ever since the sales decreases, Adam faces operation expenses problems, since the margin of his business is not enough to cover the overhead cost like rent, salary and other payments. The fact that Adam is a very honest person and has a good relationship with customers does not stop the buyers from choosing other options provided at the new nearby store. Adam later realises that the new store actually sells electronics at a higher price than him.
Adam is now struggling but trying to figure out the best solution to his increase his sales. He is also still figuring out whether he will change his payment methods.
Based on the above, write an essay on how Adam can improve the sales of his store. You have to include the following points:
1. Adam has been using cash payment method for a long time. Elaborate on the advantages of this method.
2. In your opinion, why did Adam’s customers prefer the new even though the prices are definitely higher than Adam’s?
3. Suggest new ways or methods that may be effective for Adam’s shop. Make sure to elaborate on the characteristics and advantages of your idea.
Take note that the answer must be written in an essay form. It should contain at least 750 to 1000 words.
Adam has been using cash payment method for a longest time but he can also try to include online payment.
How can Adam improve the sales of his store?Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others and he used cash-paying methods at the lowest price. Adam is a very honest person and also has a good relationship with customers but still they are choosing other options provided at the new nearby store. Adam realizes that the new store sells electronics at a higher price than him.
Adam has been using cash payment method for a long time but he can try to include other modes of payment also like online payment . That will enable customers to buy even when they do not have enough cash. Online payments are faster than cash or cheque, have higher Security.
Many people prefer online payment because it's more convenient and saves time and they will be less likely to delay the payment of their bills.
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The art of sales is never more obvious than in a late-night infomercial. Tell about one infomercial that you have seen and what tactics the salesperson used to get the audience to buy their product. See if you can find a link to it online and post the link with your comment as well. Did watching the salesperson make you want to buy? Do you think you would be able to do the same marketing job as the salesperson? Explain the skills that would be needed to be successful in the Sales & Marketing career cluster. NEED ANSWER ASAP
An infomercial that I have seen and the tactics used is the infomercial use of a father and son. They were dress in native attire and they linked the drink they are advertising to their cultural practice.
Yes, I Did watch the salesperson and it make me want to buy because of the father and son bond shown.
Yes, I do think you would be able to do the same marketing job as the salesperson.
What skills necessary for success in the field of sales and marketing?They are:
A positive attitude is a sign of confidence. Conviction in speech is a sign of resilience. Knowing your customers' needs through active listening.Building relationships and promoting your personalityNote that Speaking and listening skills are necessary for sales reps and agents in order to effectively communicate with customers. Finding the ideal product for the customer and closing the sale depend on understanding their needs.
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Answer:
An infomercial that I have seen and the tactics used is the infomercial use of a father and son. They were dress in native attire and they linked the drink they are advertising to their cultural practice.
Yes, I Did watch the salesperson and it make me want to buy because of the father and son bond shown.
Yes, I do think you would be able to do the same marketing job as the salesperson.
What skills necessary for success in the field of sales and marketing?
They are:
A positive attitude is a sign of confidence.
Conviction in speech is a sign of resilience.
Knowing your customers' needs through active listening.
Building relationships and promoting your personality
Note that Speaking and listening skills are necessary for sales reps and agents in order to effectively communicate with customers. Finding the ideal product for the customer and closing the sale depend on understanding their needs.
Explanation:
The Power of Color! 1 am going to show you some colors. For each one, write down the FIRST company or product that comes in to your head when you see the color. What's the FIRST BRAND you think of when you see these colors? RED- BLUE- BLACK- YELLOW- ORANGE- a GREEN-
To understand the power of color in relation to brands, we can associate each color given with a brand that uses that color:
Red: Coca-Cola.Blue: Linked In.Black: Nike.Yellow: McDonalds.Orange: Nickelodeon.Green: Seven Up.Power of color
The power of color in relation brands means that colors have the power to represent emotions in the people who consume brands. Colors can even change your mood or make you feel something specific.
For example, red is often related to stimulation, which can be related to hunger and that is why a brand like Coca-Cola could have selected the red color to identify their brand.
The same thing happens with every color, blue is identified with reliability because it resembles the sky, black with luxury, yellow with positivity because it resembles the sun, orange is related to warmth and green with nature (in the case of Seven Up, it can mean that it is the 'most natural' one of the sodas because it has lemon).
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If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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Websites are hosted on a server and each of these servers has its own unique IP address. What does the 'IP' stand for?
A
Internet Position
B
Internet Placement
C
Internet Privatisation
D
Internet Protocol
'IP' stand for Internet Protocol.
Internet Position : This is not a general concept. However, it is mainly used by his ISP service. The towers seen in our city work with Internet locations. Mobile phones get better network speeds depending on their internet location.
Internet Placement: This means turning on airplane mode will change your mobile IP. This is why it is published online. This process runs when you turn off your phone.
Internet Privatisation : Simply put, privatization of the Internet starts working when you change your DNS servers. When we are private on the internet with a VPN, we are the privatizer of the internet.
Internet Protocol: This is one of the most important things for every website and Internet user. Anyone who connects to the internet on their device has an IP address. Simply put, an internet-connected device provided a specific IP. The website also has its own IP. Because of this, you can access the Internet.
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The following information is related to Sheffield Real Estate Agency.
Answer:
EDate Affect on Accounting Equation Affect on Account Oct-01 Debit Cash Debit Asset $ 21,750 Credit James Sheffield, Capital Credit Equity $ 21,750 Oct-02 Debit No Entry Debit Credit Credit
Seymour writes a check on his account at Platinum Bank to Teri to pay a debt. Teri negotiates the check by indorsement to Rosanna, who presents it for payment to Onyx Bank.Teri is ____.
Teri endorses the check to Rosanna, who then takes it to the Onyx Bank for payment. Teri is PARTICULARLY responsible.
What does endorsement mean?to engrave (one's signature) on the a check, bill, or note, particularly: to sign one's own as payer on the reverse of (a check) in as to get the money or credit shown on the face.
How does endorsing work?Indorsement; method. The instrument must have the indorsement written on it or on a paper that is linked to it. Without any extra remarks, the indorser's signature serves as adequate endorsement.
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Illustrate how a liberalized global economy can influence upon natural resources concerning the granting of logging franchise rights in the Democratic Republic of Congo.
Answer:
l think the liberalized economy can use the natural resources to produce finished goods that help people in DRC get money through selling the finished goods that enables them get enough money to fulfill their rights like education, shelter and many more
An important application of _________ interest involves _________. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an __________. Interest is _____________ in the first period and ___________ over the life of the loan, while the principal repayment is _________ in the first period and it _________ thereafter.
Answer:
Compound interest; amortized loans; amortization schedule; largest; decline; smallest; increases.
Explanation:
An important application of compound interest involves amortized loans. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an amortization schedule. Interest is largest in the first period and declines over the life of the loan, while the principal repayment is smallest in the first period and it increases thereafter.
Amortization in accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.
The compound interest formula is given below;
\( A = P(1 + \frac{r}{n})^{nt}\)
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase
Answer:
d. a contract setting the price and date for a commodity purchase
The American Management Association created a statement of ethics to guide members in the marketing profession
True
False
The IRS has the authority to assess a monetary penalty to who
the IRS has the authority to impose penalties on tax professionals.
The IRS is the Internal Revenue Service unit for the United States, which is in charge of collecting federal taxes in the United States and overseeing the Internal Revenue Code, the principal section of federal statutory tax legislation.
It is a division of the Treasury Department and is run by the Commissioner of Internal Revenue, who is picked by the US President for a five-year term. Among the responsibilities of the IRS are helping taxpayers with their taxes, pursuing and resolving cases of incorrect or fraudulent tax files, and managing a number of benefit programs, including the Affordable Care Act.
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The current dividend yield on CD's common stock is 1.89 percent. The company just paid an annual dividend of $1.56 and announced plans to pay $1.70 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock
The required rate of return on the stock of CD will be 10.86%.
What is rate of return?The capital gains made from investment in such asset class(s) over a specific period is the rate of return of such investment. In the above case, the rate of return using the given values will be,
\(\rm Rate\ of\ Return= Growth\ Rate+ Dividend\ Yield\\\\\rm Rate\ of\ Return= 0.0897+0.018\\\\\rm Rate\ of\ Return= 0.1086\)
Hence, the required rate of return is calculated as 10.86%.
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Diego Company manufactures one product that is sold for $71 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations in which it produced 54,000 units and sold 49,000 units. Variable costs per unit: Manufacturing: Direct materials $ 22 Direct labor $ 12 Variable manufacturing overhead $ 3 Variable selling and administrative $ 5 Fixed costs per year: Fixed manufacturing overhead $ 864,000 Fixed selling and administrative expenses $ 586,000 The company sold 36,000 units in the East region and 13,000 units in the West region. It determined that $280,000 of its fixed selling and administrative expenses is traceable to the West region, $230,000 is traceable to the East region, and the remaining $76,000 is a common fixed cost. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product.
5. What is the company’s total gross margin under absorption costing?
6 What is the company’s break-even point in unit sales?
7. What would have been the company’s variable costing net operating income (loss) if it had produced and sold 49,000 units? What would have been the company’s absorption costing net operating income (loss) if it had produced and sold 49,000 units? Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.
Answer:
Diego Company
1. The company's total gross margin under absorption costing is:
= $802,000
2. The company's break-even point in unit sales is:
= 50,000 units
3. The company’s variable costing net operating income (loss) if it had produced and sold 49,000 units is:
= ($29,000).
4. The company's absorption costing net operating income (loss) if it had produced and sold 49,000 units is:
= ($29,000).
5. Contribution Format Segmented Income Statement
East West Total
Sales units 36,000 13,000 49,000
Sales revenue $2,556,000 $923,000 $3,479,000
Variable cost of goods sold:
Production costs 1,332,000 481,000 1,813,000 ($37 * 49,000)
Selling and admin. 180,000 65,000 245,000
Total variables $1,512,000 $546,000 $2,058,000
Contribution $1,044,000 $377,000 $1,421,000
Fixed costs:
Manufacturing 280,000 230,000 510,000
Common costs 76,000
Total fixed costs $280,000 $230,000 $586,000
Net income $764,000 $146,000 $835,000
Explanation:
a) Data and Calculations:
Selling price = $71 per unit
East West
Sales units 36,000 13,000
Production units = 54,000
Sales unit = 49,000
Variable costs per unit:
Manufacturing:
Direct materials $ 22
Direct labor $ 12
Variable manufacturing overhead $ 3
Total variable manufacturing costs = $37 per unit
Variable selling and administrative $ 5
Fixed costs per year:
Fixed manufacturing overhead $ 864,000
Fixed selling and administrative expenses $ 586,000 (West $280,000 East $230,000, and $76,000 common)
Total fixed costs = $1,450,000
Total gross margin under absorption costing:
Sales revenue $3,479,000 ($71 * 49,000)
Cost of production:
Variable costs $1,813,000
Fixed costs 864,000 2,677,000
Gross profit $802,000
Break-even point in unit sales:
Sales price = $71
Variable manufacturing cost per unit = $37
Variable selling cost per unit = $5
Total variable cost per unit = $42
Contribution margin per unit = $29
Break-even point in unit sales = FC/contribution margin
= $1,450,000/$29 = 50,000 units
Sales revenue $3,479,000 ($71 * 49,000)
Variable production costs 1,813,000 ($37 * 49,000)
Variable selling costs 245,000 ($5 * 49,000)
Total variable costs $2,058,000
Contribution margin $1,421,000
Fixed costs
Manufacturing 864,000
Selling and admin. 586,000 $1,450,000
Net operating income (loss) ($29,000)
Sales revenue $3,479,000 ($71 * 49,000)
Production costs:
Variable costs 1,813,000 ($37 * 49000)
Manufacturing 864,000
Total production costs 2,677,000
Cost of goods sold $2,677,000
Gross profit $802,000
Period costs:
Selling and administrative 831,000
Net operating income (loss) ($29,000)
An exchange rate is fixed when it:
Answer:
is independent of demand and supply in the market
Explanation:
when the government peg(fix) it at a certain value relative to other hard currencies like US dollar
With the real interest rate equal to 3% and the expected inflation equal to 2​%. The value of the nominal interest rate is _____________​%.
Answer:
Nominal interest rate = 5%
Explanation:
Below is the calculation of the nominal interest rate:
The nominal interest rate can be calculated by adding inflation with the real interest rate.
Nominal interest rate(N) = Real interest rate (R) + Inflation
Nominal Interest rate (N) = 3% + 2%
Nominal interest rate (N) = 5%
Which of the following statements is correct?
a. The net present value method (NPV) is generally regarded by academics as being the best single method for evaluating capital budgeting projects.b. The discounted payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects.c. The internal rate of return method (IRR) is generally regarded by academics as being the best single method for evaluating capital budgeting projects.d. The payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects.
Answer:
ncleae i dunno
Explanation:
its unclear
The net present value method (NPV) is generally regarded by academics as being the best single method for evaluating capital budgeting projects. Option (a) is correct.
What do you mean by Budgeting?The method of determining how much money you will need to earn or save over a specific time period and planning how you will spend it: Teaching youngsters about budgeting is crucial.
Because of its versatility, NPV is regarded as the finest single tool for assessing capital budgeting initiatives. In contrast to the IRR, which only takes into account one discount rate, it may be calculated even with variable discount rates for each period. The amount of time periods over which the project can recoup its initial expenditure is determined by the payback method. The discounted payback approach establishes how long it will take a project to recover its initial expenditure. To get the present value, the cash flows are discounted using the discount rate. The internal rate of return is a technique for calculating the percentage value by discounting the anticipated cash flows.
Therefore, Option (a) is correct. NPV is generally regarded by academics as being the best single method for evaluating capital budgeting projects.
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A new accountant works on the Balance of Payments of a country and records the following into the current account. Which of the following is recorded incorrectly?
Select one:
a. Imports of services
b. Incomes paid to people working in a country temporarily
c. Incomes received by people working abroad temporarily
d. Transfer of ownership of assets
e. Trade in goods
- Please answer with a detailed explanation. Answers without detailed explanations are rejected automatically.
A new accountant works on the Balance of Payments of a country and records the following into the current account. The item that is recorded incorrectly is Transfer of ownership of assets. Thus, the correct answer is option D.
What is the Current Account Balance?The current account balance (CAB) is a component of a country's record of financial inflows and outflows. It is part of the balance of payments, which is a statement of all transactions between countries. The balance of payments (BOP) is the record of a country's monetary transactions with the rest of the world.
Examining a country's BOP's current account balance can provide a good indication of its economic activity. It includes activity in a country's industries, capital market, services, and money coming in from other governments or remittances.
Therefore, transfer of ownership of assets is not a part of current account balance.
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Basic Break-Even Calculations Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials $4.98 Direct labor 2.10 Variable factory overhead 1.00 Variable selling and administrative expense 2.00 Total fixed factory overhead is $26,500 per year, and total fixed selling and administrative expense is $15,260. Required: 1. Calculate the variable cost per unit and the contribution margin per unit. 2. Calculate the contribution margin ratio and the variable cost ratio. 3. Calculate the break-even units. 4. Prepare a contribution margin income statement at the break-even number of units. Enter all amounts as positive numbers.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Selling price= $24.
Unit costs are as follows:
Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
Variable selling and administrative expense 2.00
Total unitary variable cost= $10.08
Total fixed factory overhead= $26,500
Total fixed selling and administrative expense= $15,260.
a. Variable cost per unit= 4.98 + 2.1 + 1 + 2= $10.08
Unitary contribution margin= 24 - 10.08= $13.92
b.
Contribution margin ratio= contribution margin / selling price
Contribution margin ratio= 13.92 / 24= 0.58
Variable cost ratio= unitary variable cost / selling price
Variable cost ratio= 10.08 / 24= 0.42
c. To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= (26,500 + 15,260) / 13.92
Break-even point in units= 3,000
d. Finally, the contribution margin income statement:
Sales= 3,000*24= 72,000
Total variable cost= 3,000*10.08= (30,240)
Contribution margin= 41,760
Total fixed factory overhead= (26,500)
Total fixed selling and administrative expense= (15,260)
Net operating income= 0