Coach light incorporated uses a periodic inventory system; the weighted average unit cost is calculated to be equal to = $15.60
What is weighted average unit cost ?The average cost method assigns cost to inventory items based on total cost of goods purchased or produced in a period divided by total number of items purchased / produced.
We know that, under weighted average cost of capital = total Inventory cost / total Inventory
Total Inventory is= 200 + 300 = 500
Total Inventory Cost is =
200 units × $15 = $3000
300 units × $16 = $4800
So, Total cost = $ 7800
Weighted average unit cost = $7800 ÷ 500 units
Therefore, weighted average unit cost = $15.60
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true or false:
One of the most important jobs of a national political committee is to raise money for candidates running for office.
False.
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Why a firms oline inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce
Answer:
E-business is a wider term, it refers to the business conducted online. It not only includes the buying and selling of products, but rather includes all the functions done online, example: maintaining inventory records, maintaining customer data, maintaining payroll, etc:
E-commerce is a kind of subset to e-business. E-commerce shall only refer to buying and selling of products online and do not include adjacent activities. It is of various types, business to business, business to consumer, etc:
When determining that a transaction is commerce it shall be considered as the purpose of such transaction, if the purpose is to buy and sell the product with direct link, it is commerce. Direct link means that the transaction should be for buying and selling and not the adjacent activity to that, maintaining inventory is an adjacent activity and not direct buying or selling thus, it is not business, it is commerce.
On January 1, 2020, Novak Company purchased at par 5% bonds having a maturity value of $240,000. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. The bonds are classified in the held-to-maturity category.
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entry to record the interest revenue on December 31, 2020.
(c) Prepare the journal entry to record the interest received on January 1, 2021.
(a) Journal entry at the date of the bond purchase:
Debit: Bonds Payable - Held-to-Maturity $240,000
Credit: Cash $240,000
(b) Journal entry to record the interest revenue on December 31, 2020:
Debit: Interest Receivable $12,000
Credit: Interest Revenue $12,000
(c) Journal entry to record the interest received on January 1, 2021:
Debit: Cash $12,000
Credit: Interest Receivable $12,000
(a) When Novak Company purchases the bonds, they would debit Bonds Payable - Held-to-Maturity for the face value of the bonds ($240,000) and credit Cash for the same amount, representing the cash outflow for the bond purchase.
(b) On December 31, 2020, Novak Company accrues the interest revenue earned on the bonds. They would debit Interest Receivable for the interest amount ($12,000) and credit Interest Revenue, recognizing the revenue.
(c) On January 1, 2021, Novak Company receives the interest payment. They would debit Cash for the interest amount ($12,000) and credit Interest Receivable, reducing the amount owed from the bond issuer.
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Chapter: 7 Problem: 23Selected data for the Derby Corporation are shown below. Use the data to answer the following questions. Please show calucations for each input of data. This is meant to be completed in an excel spredsheet and is problem 23 from Financial Management: Theory and Practice 14th edition. The textbook solutions are on , however no formulas for obtaining the answers are included.INPUTS (In millions) YearCurrent Projected0 1 2 3 4Free cash flow -$20.0 $20.0 $80.0 $84.0Marketable Securities $40 Notes payable $100 Long-term bonds $300 Preferred stock $50 WACC 9.00% Number of shares of stock 40 a. Calculate the estimated horizon value (i.e., the value of operations at the end of the forecast period immediately after the Year-4 free cash flow).Current Projected0 1 2 3 4Free cash flow -$20.0 $20.0 $80.0 $84.0Long-term constant growth in FCF Horizon value b. Calculate the present value of the horizon value, the present value of the free cash flows, and the estimated Year-0 value of operations.PV of horizon value PV of FCF Value of operations (PV of FCF + HV) c. Calculate the estimated Year-0 price per share of common equity.Value of operations Plus value of narketable securities Total value of company Less value of debt Less value of preferred stock Estimated value of common equity Divided by number of shares Price per share
a. To calculate the estimated horizon value, we need to use the formula for long-term constant growth in free cash flow. Assuming a constant growth rate of g, the horizon value (HV) can be calculated as follows:
HV = FCFn * (1 + g) / (WACC - g)
where FCFn is the free cash flow at the end of the forecast period (Year-4) and WACC is the weighted average cost of capital. Plugging in the given values:
FCFn = $84.0 million
WACC = 9.00%
g = long-term constant growth rate (not given in the problem)
b. Once we have the horizon value (HV), we can calculate the present value of the horizon value (PV of HV) using the following formula:
PV of HV = HV / (1 + WACC)^4
where WACC is the weighted average cost of capital. Plugging in the given value of HV and WACC:
HV = calculated in step a
WACC = 9.00%
Next, we can calculate the present value of the free cash flows (PV of FCF) using the following formula:
PV of FCF = FCF0 / (1 + WACC)^0 + FCF1 / (1 + WACC)^1 + FCF2 / (1 + WACC)^2 + FCF3 / (1 + WACC)^3 + FCF4 / (1 + WACC)^4
where FCF0, FCF1, FCF2, FCF3, and FCF4 are the free cash flows for Year 0, 1, 2, 3, and 4 respectively. Plugging in the given values:
FCF0 = -$20.0 million
FCF1 = $20.0 million
FCF2 = $80.0 million
FCF3 = $84.0 million
FCF4 = $84.0 million (same as FCF3 since it's the last year of the forecast period)
WACC = 9.00%
Finally, we can calculate the estimated Year-0 value of operations (Value of Operations) by summing the present value of the horizon value (PV of HV) and the present value of the free cash flows (PV of FCF):
Value of Operations = PV of HV + PV of FCF
c. To calculate the estimated Year-0 price per share of common equity, we need to first calculate the estimated value of common equity, which is the total value of operations (Value of Operations) plus the value of marketable securities, minus the value of debt, and minus the value of preferred stock:
Estimated Value of Common Equity = Value of Operations + Marketable Securities - Debt - Preferred Stock
Then, we can divide the estimated value of common equity by the number of shares of stock to get the estimated Year-0 price per share of common equity:
Estimated Price per Share of Common Equity = Estimated Value of Common Equity / Number of Shares of Stock
Plugging in the given values:
Value of Operations = calculated in step b
Marketable Securities = $40 million
Debt = Notes Payable + Long-term Bonds = $100 million + $300 million = $400 million
Preferred Stock = $50 million
Number of Shares of Stock = 40 million
Note: Make sure to adjust the values for debt and preferred stock if they are given in different units (e.g., thousands or billions) compared to other inputs.
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Which of the following is true about bonds?
A. The bond rating being changed from BBB+ to B would result in a lower required yield
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government
C. Interest from mortgage bonds are not taxed by the Federal Government.
D. Spread to treasuries measures the difference between the coupon rate paid by a bond and the coupon rate paid by risk free security with the comparable maturity
E. Only bonds issued in the primary market are subject to prepayment risk
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
Measuring conversions is a good way to calculate your ROI. Which of the following is a commonly calculated conversion? a shares, b sediment, c downloads, d likes
A commonly calculated conversion from the list is shares. The answer to this question is option a.
What are shares?Shares can be described as a unit that is called mutual funds. The owner of a share is regarded as a shareholder.
Shares can be converted to be money. Therefore it is the best answer to this question.
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What are the two steps in comparison?
Comparison is the phenomenon of comparing one thing with the other
Comparison typically involves two steps:
Identifying similarities and differences: This step involves looking at the items being compared and noting any similarities and differences between them.
Evaluating the significance of the similarities and differences: This step involves considering how the similarities and differences impact the overall assessment of the items being compared.
It's important to note that, depending on the context, there could be more than 2 steps, but in general comparison is made by identifying similarities and differences, then evaluating them.
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The difference between total receipts and total payments is referred to as a. cash balance. b. net cash flow. c. cumulative cash flow.
d. beginning cash flow
The difference between a company's total receipts and total payments is referred to as net cash flow. Here option B is the correct answer.
This metric represents the overall change in the company's cash position during a specified period of time. Net cash flow is a crucial component of a company's financial statements, as it provides insight into the company's ability to generate cash from its operating, investing, and financing activities.
A positive net cash flow indicates that a company has generated more cash from its operations and investments than it has spent on financing activities, such as repaying debt or issuing dividends. This can be a sign of a healthy and sustainable business, as it suggests that the company has the financial resources to invest in growth opportunities and weather economic downturns.
On the other hand, a negative net cash flow indicates that a company has spent more cash than it has generated from its operations and investments. This can be a cause for concern, as it suggests that the company may be relying on external financing to cover its operating expenses or invest in growth opportunities.
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The leadership style that focuses on teamwork is known as:
A. laissez faire
B. authoritarian
C. participatory
D. any of the above
E. none of the above
Participatory leadership style focuses on the pillars of teamwork. Teamwork can be achieve with the cooperation of all members. Option C is correct.
When the leader inspires the team and collaborates with them, teamwork is at its best. The participator leadership style, also known as collaborative leadership, is a style of leadership that great leaders use to show respect for their team members in a variety of ways, particularly by engaging with the team and working with them.
Great leaders don't shy away from making mistakes and taking chances. They are aware that trust, empathy, and compassion are the keys to gaining respect
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Click this link to view O*NET’s Work Activities section for Registered Nurses. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Registered Nurses? Select four options.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
documenting/recording information
Some common work activities performed by Registered Nurses are:-
Making decisions and solving problems.Assisting and Nurses for others.Communicating with supervisors, peers, or subordinates.Drafting technical devices.Evaluating, Nurses watching, and conversing with patients keeping a record of the symptoms, medical history, and state of health of the patient. Patient Care preparation for examinations and treatment. administering medications and therapies, then keeping track of patients' reactions and negative effects.
Usually, Nurses EMTs and paramedics do the following tasks: Respond to 911 calls for emergency medical help, such as doing CPR or bandaging a care wound. Typically, bioengineers and biomedical engineers do the following tasks: Create tools and gadgets, such as synthetic internal organs, body part replacements.
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What does the phrase “last in, first out” mean?
Explanation:
LIFO stands for “Last-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The LIFO method assumes that the most recent products added to a company's inventory have been sold first. The costs paid for those recent products are the ones used in the calculation.
Bob is interested in examining the relationship between the number of bedrooms in a home and its selling price. After downloading a valid data set from the internet, he calculates the correlation. The correlation value he calculates is only
0.05
. What does Bob conclude? Bob gives up on his research because
r=.05
means there is no relationship of any kind between bedrooms and selling price. Bob continues his research because even though there is no linear relationship here, there could be a different relationship.
The correlation coefficient is calculated with the aid of figuring out the covariance of the variables and dividing that range by the product of these variables' popular deviations.
What does correlation measure?Correlation is a measure of affiliation that assessments whether or not a relationship exists between two variables. It suggests both the energy of the affiliation and its route (direct or inverse). The Pearson product-moment correlation coefficient, written as r, can describe a linear relationship between two variables.
Correlation is a statistical tool that suggests the association between two variables. Regression, on the other hand, evaluates the relationship between an impartial and a based variable.
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https://brainly.com/question/12479370#SPJ4Which transaction caused John to overdraw his account?
By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.
What does overdrawing an account mean?A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.
One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.
Hence, Option (C ) is the accurate one.
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Your question is incomplete, probably the complete question is:
Which transaction caused John to overdraw his account?
(A) The Online Bill Payment of $146.67
(B) Check No. 409 for $100
(C) Check No. 410 for $710.49
(D) The Overdraft Fee of $35
A password that contains full sentences or lines from a favorite movie or book is called a
•catchphrase
•moviebook
•passbook
•passphase
Answer:
passphrase is the correct answer
Answer: passphrase
Explanation:
I did the exam
A restaurant has sales revenue of $240,000, fixed costs of $100,800, and variable costs of $96,000. What is breakeven revenue?
Answer:
168,000
Explanation:
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Answer:
C
Explanation:
Answer:
1,950
Explanation:
What does a risk mean in regard to investments?
A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D
Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
What are risk mean in regard to investments?
It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).
Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.
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Make an appointment to meet with the manager of an auto repair shop that uses standards. In most cases, this would be an auto repair shop that is affiliated with a national chain such as Firestone or Sears or the service department of a new-car dealer.
Required:
At the scheduled meeting, find out the answer to the following question and write a memo to your instructor describing the information obtained during your meeting.
What are the consequences of unfavorable variances? Of favorable variances?
Make an appointment to fulfill with the supervisor of an auto repair shop that uses requirements: seek and find a nearby facility. Use the repair estimate device to recognize greater restore prices. read articles from AAA car and vehicle care experts.
A car restores save is a status quo in which vehicles are repaired by means of automobile mechanics and technicians. typically, solving your broken automobile can be the first-rate choice – particularly if the upkeep will be covered by your vehicle coverage. shopping for a new car may be high-priced, leaving you with 5 or more years of debt, even as getting it repaired (relying on the damages) may cost a little a few thousand dollars.
Automobile restore refers to any mechanical and electrical repairs wanted. for instance, you would take your car to a car restore save to get the oil changed, restore a damaged tail light, or restore a busted transmission. something that has to do with the “guts” and inner additives of the auto, it truly is carried out at an auto restore shop.
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What values does FCCLA emphasize? Select two options.
The values that the FCCLA emphasizes are family and leadership (A and C).
What is the FCCLA?FCCLA is an acronym that stands for Family, Career and Community Leaders of America. This is the name of a United States organization made up of students studying technical and nonprofit careers technical and nonprofit careers focused on forming leaders for communities and promoting positive changes in communities through issues like:
familycommunitypersonal problemslabor problemssocial problemBased on the above, it can be inferred that the FCCLA emphasizes the training of leaders who promote change in communities through the study of family sciences.
Note: This question is incomplete because the options are missing. Here are the options:
A.Family
B.Physical fitness
C.Leadership
D. Health care
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According to Porter, which factor endowment would be classified as an advanced factor?
a)location
b)natural resources
c)climate
d)demographics
e)communication infrastructure
According to Porter, communication infrastructure factor endowment would be classified as an advanced factor.
What are factor endowment's advanced factors?
Land, raw materials, labor, and the density of the surrounding population are all examples of factor endowments.
Michael E. Porter asserted that a country can develop new advanced factor endowments, such as skilled labor, a solid technological and knowledge base, government backing, and culture.
What does Porter's factor endowment theory entail?
According to the factor endowment theory, nations are likely to possess a variety of resources in great abundance. The assumption that countries would have various ratios of capital to labor is the most straightforward case for this distribution in economic theory. Comparative advantage is determined using the notion of factor endowment.
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Traditionally, human resource management was seen as an administrative function, while today more companies are looking at HRM to support a company's ______. Multiple choice question. teamwork research and development (R&D) strategy communications
Today more companies are looking at Human resource management (HRM) to support a company's strategy. Hence, The correct statement is Option C.
What do you mean by Human resource management?The term "Human resource management" refers to the application of strategic techniques for the powerful and efficient management of people in a corporation or enterprise.
This includes assisting commercial enterprises to gain a competitive advantage. It is designed to maximize workers' overall performance in service of an employer's strategic objectives.
Hence, Today more companies are looking at Human resource management (HRM) to support a company's strategy. The correct statement is Option C.
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Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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use the following appropriate amounts to calculate net income: revenues, $10,700; liabilities, $4,100; expenses, $3,600; assets, $17,300; dividends, $1,500.
Net income refers to the difference between revenues and expenses. Revenues are the income earned by a company, while expenses are the costs associated with earning that income. Liabilities are the company's debts or obligations, while assets are the company's resources, including property, equipment, and cash.
Dividends are the portion of the company's profits that are distributed to shareholders.Net income = Revenues - Expenses Revenues = $10,700Liabilities = $4,100Expenses = $3,600Assets = $17,300Dividends = $1,500We can calculate net income as follows:
Total assets = Total liabilities + Shareholders' equity$17,300 = $4,100 + Shareholders' equity Shareholders' equity = $17,300 - $4,100 = $13,200We can then use the following formula to calculate net income:Net income = Revenues - Expenses - TaxesNet income = $10,700 - $3,600 - $0Net income = $7,100Therefore, the net income is $7,100.
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According to economists,
almost everything we do
has costs and benefits.
Identify the costs and
benefits of each of the
following: getting a dental
checkup and getting an
extra hour of sleep.
A cost means the amount of money or resources expended on something while a benefit means the thing that we gain from an actitivy.
What is C & B of getting a dental checkup?The benefits of going to the dentists is to get your teeth cleaned but the cost is paying for the dentist and maybe going for another checkup.
What is C & B of getting an extra hour of sleep?The benefits of getting an extra hour of sleep is that you will be more alert in the morning but the cost is you get less time to do things.
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Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as:________
Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as Laggards.
What are laggards ?A laggard can be described as the stock or security which is been seen as one that is underperforming in relative to its benchmark or peers.
It should be noted that A laggard do posses lower-than-average returns compared with respect to the market, hence Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as Laggards.
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when might a contract made by a mentally incompetent person be enforceable? the incompetent person signs a second contract affirming that he understands the nature of the contract. the incompetent person was lucid at the time the contract was made. the incompetent person has a court-appointed guardian, and that guardian is aware of the contract. the incompetent person has not been declared incompetent by a court.
The incompetent person has not been declared incompetent by a court is a contract made by a mentally incompetent person be enforceable. Thus, option (d) is correct.
What is contract?An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment. A contract was the deal with the two parties are the agreed to the terms and the conditions.
According to the case, if a mental incompetence with regard to contract. It was the result is the incompetent person has not been declared incompetent by a court. It was the assigned to the guardian.
As a result, the significance of the incompetent person has not been declared incompetent by a court are the aforementioned. Thus, option (d) is correct.
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How many acres are in a description reading, "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4"?
The main answer is that the description "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4" does not provide enough information to determine the exact number of acres.
The description only specifies the fractional parts of various quarters within Section 4, but it does not specify the size of the section or the size of each quarter.
To determine the number of acres, we need to know the total area of Section 4 in acres. A section of land typically consists of 640 acres, but the exact size can vary depending on the jurisdiction or survey system being used. Once we know the total area of Section 4, we can calculate the number of acres based on the given fractional parts.
For example, if Section 4 is 640 acres, the NW¼ of the SE¼ would be (1/4) * (1/4) * 640 = 40 acres. The S½ of the SW¼ of the NE¼ would be (1/2) * (1/4) * (1/4) * 640 = 20 acres. However, without the information on the size of Section 4, we cannot accurately determine the total number of acres based on the given description.
In summary, the provided description only specifies fractional parts of various quarters within Section 4, and without the total area of Section 4, it is not possible to determine the exact number of acres.
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A pillow is a raw material?
True
O False
False, a pillow is not a raw material. However, it's made of raw materials like:
- polyester
- linen
- satin
- silk
- etc....
When you are already employed, and you received your w-2 form, what do you use it for?
_____looks at the economic behavior of individual people and organizations in specific markets.
Microeconomics looks at the economic behavior of individual people and organizations in specific markets.
What is microeconomics?
The social science of microeconomics examines the effects of incentives and choices, particularly how they affect the allocation and use of resources. Microeconomics is a branch of classical economics that studies how individuals and organizations behave and interact while selecting how to allocate scarce resources. It is the study of resource allocation and usage decisions made by people and businesses. According to microeconomic theory, markets reach equilibrium when the supply of products balances the demand.
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