Answers
Answer:
18.97%
Explanation:
Effective annual rate = (1 + periodic interest rate / m)^m - 1
M = 4
Periodic interest rate = 17.75%
17.75% / 4 = 4. 4375%
(1+0.044375) ^4 - 1 = 18.97%
I hope my answer helps you
Related Questions
What is the purpose of consumer-advocacy groups?
to enforce consumer-protection regulations
to lobby the government for lower taxes
to promote the interest of consumers
to provide essential social services
Answers
To promote the interest of consumers is the purpose of consumer-advocacy groups. Actions performed by people or organizations to advance and defend the interests of the buying public are referred to as consumer advocacy.
Most countries have implemented legislation to safeguard customers against unsafe or subpar craftsmanship, dishonest sales tactics, and deceptive advertising. Consumer advocacy, movements, or laws that protect consumers' interests by regulating the goods, services, practices, and expectations of producers, merchants, and advertising.
Protecting the interests of the consumer or buyer is the goal of consumer advocacy groups. These organizations use a variety of tactics to expose companies that engage in unfair business practices or sell dangerous goods. These tactics include litigation, letter-writing campaigns, boycotts, and public relations. The Consumer Federation of America, which has 220 member groups, is the biggest consumer advocacy organisation in the United States.
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Caddie Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its pretax cost of debt is 7 percent. If the tax rate is 24 percent, what is the company’s WACC?
Answers
Answer:
8.20%
Explanation:
Debt equity ratio = 0.95
or
Debt = 0.95 × equity
Cost of equity, ke = 11% or 0.11
Pretax cost of debt, kd = 7% or 0.07
Tax rate = 24% or 0.24
Therefore;
WACC = {Weight of equity × ke } + {Weight of debt × kd × (1-Tax rate)}
It is to be noted that ;
Weight of equity = Equity ÷ (Debt + Equity)
= Equity ÷ ( 0.95×Equity + Equity)
=1 ÷ 1.95
=0.513
Also,
Weight of debt = Debt ÷ ( Debt + Equity)
=0.95 × Equity ÷ ( 0.95 × Equity + Equity)
= 0.95 ÷ 1.95
=0.487
Hence,
WACC = {0.513 × 0.11} + {0.487 × 0.07 × (1-0.24)}
= {0.05643} + {0.03409 × 0.76}
= 0.0823384
or
0.0823384 × 100%
=8.23384
=8.20%
Settlement discount granted to creditworthy customers with a record of paying within terms in ifrs 15
Answers
Settlement discount is a disc-ount for prompt payment of invoice by the cust-omer. Let's say you sell some-thing for 1 000 on 30 day credit and you offer 3 % off if a cust-omer pays with in 10 days. Those 3% – or 30 in this case – is a settle-ment discount.
Both IFRS and ASPE account for discounts in a similar man-ner: discounts should be netted from Revenue amo-unts. They are not consi-dered Expenses, and should not be included in that cate-gory. So when we calc-ulate our Revenue figure, we should always deduct any sales disc-ount from this figure.
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3. (1 pt) When Britney Spears married one of her dancers, what effect might it
have had on national income? Explain.
Answers
Answer:
It wouldn't effect national income majorly
want more points?//.?
Answers
Answer:
Yes Please
Explanation:
So I can get more help in school since I'm failing.
Answer:
thx
Explanation:
On January 1, $68,000 cash is borrowed from a bank in return for a 6% installment note with 24 monthly payments of $3,014 eac
(Round your answers to the nearest whole dollars.)
1. Prepare the journal entry to record the issuance of the note.
2. Prepare the
journal entry to record the first monthly interest payment.
View transaction list
Journal entry worksheet
Answers
Answer:
bro is this even a question
Explanation:
I don't know if I'm slow or if their is no question
Interest expense debit $340 note payable account debit $2, 674 cash account credit $3,014 is the entry for the first-month entry to payment.
What is the difference between account payable and note payable?Accounts payable are short-term liabilities incurred for purchases made with suppliers and merchants on credit. Long-term liability accounts known as notes payable are incurred as a result of funding provided by banks and other lending institutions.
Cash 68,000
Notes Payable 68,000
(Issuance of installment note)
For the first monthly payment, $68,000 is the initial amount borrowed and the interest rate is 6% per annum or 0.5% per month. Therefore, the interest portion of the payment is: Interest Expense = Outstanding Balance x Interest Rate
= $68,000 x 0.005
= $340
The remaining amount of the payment is applied towards reducing the outstanding balance: Payment = Installment Amount - Interest Expense
= $3,014 - $340
= $2,674
The journal entry to record the first monthly interest payment is:
Interest Expense 340
Notes Payable - Current Portion 2,674
Cash 3,014
(Record first monthly payment)
Thus, The "Notes Payable - Current Portion" account represents the portion of the note that is due to be paid within the current year (i.e. within the next 12 months).
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Based on systems characteristics, identify any component (substructure) in the organization and describe its objective, the activity currently the component is performing (in relation to services it is rendering and/or contributing towards the production of goods/products)
Answers
The substructure in the organization is the functional organizational structure which help in structuring the workers.
What is the purpose of functional organizational structure?A functional organizational structure serves as the structure that help to organize the workers in the organization and this is usually done by grouping specific skills and knowledge.
And this structure ,it is usually easy to maintain good production of goods/products, because it will help employees to be assigned to one product or service.
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A company acquired an asset for $1,200,000 on January 1 of the current year. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes, the asset’s cost is depreciated by MACRS. The enacted tax rate is 19%. Amounts for pretax accounting income, depreciation, and taxable income in the four years are as follows:
Year
1 2 3 4
Pretax accounting income $3,700,000 $4,100,000 $4,400,000 $4,900,000
Depreciation on the income statement 300,000 300,000 300,000 300,000
Depreciation on the tax return (399,960) (533,400) (177,720) (88,920)
Taxable income $3,600,040 $3,866,600 $4,522,280 $5,111,080
Required:
For December 31 of each year, determine (a) the cumulative temporary book-tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account.
Note: Each cell requires a formula, even if the result is $0.
Answers
The cumulative temporary book-tax difference for the depreciable asset is $772,440 and the balance to be reported in the deferred tax liability account $41,801.52
Calculation of (a) the cumulative temporary book-tax difference for the depreciable asset:
Year 1:
Temporary difference = $300,000 – ($399,960 / 5) = $220,008
Cumulative temporary difference = $220,008
Year 2:
Cumulative temporary difference = $220,008 + $6,360 = $226,368
Year 3:
Cumulative temporary difference = $226,368 + $264,456 = $490,824
Year 4:
Temporary difference = $300,000 – ($88,920 / 5) = $281,616
Cumulative temporary difference = $490,824 + $281,616 = $772,440
Then, (b) the balance to be reported in the deferred tax liability account:
Year 1:
Deferred tax liability = $220,008 x 19% = $41,801.52
Year 2:
Deferred tax liability = $6,360 x 19% = $1,208.40
Year 3:
Deferred tax asset = ($264,456) x 19% = ($50,246.64)
Year 4:
Deferred tax asset = ($281,616) x 19% = ($53,507.04)
Therefore, the balance to be reported in the deferred tax liability account is:
Year 1: $41,801.52
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_____ interviews are used to gain information as to what the employee liked at the organization, and what he/she believe should be improved.
a. Screening
b. Exit
c. Selection
d. Stress
e. Intake
Answers
Answer:
Option B: Exit
Explanation:
Organization has several reasons for conducting an exit interview it includes:
1. Source of information for the organisation: questions asked includes What went well and what did not go as planned, What could have made the employee stay and others leave. And the LSD technique is used and it can lead to a Win-win situation for both parties
2. The owner and the organization can learn and take retention initiatives for the rest of the workforce.
3. Building company image.
Propose your top three potential social causes for your organization and why your selected social cause or issue is a good match with your chosen corporation for creating a corporate social responsibility (CSR) campaign.
Answers
By selecting a social cause that aligns with their values and corporate goals, companies can create a CSR campaign that resonates with stakeholders and helps to build a positive reputation for their brand.
There are various social causes that companies may choose to support, depending on their corporate social responsibility goals. Here are the top three social causes that I would recommend for an organization, along with reasons why they are good matches for creating a CSR campaign:1. Environmental conservation: Protecting the environment and promoting sustainable practices is a social cause that has gained widespread attention in recent years.
As climate change continues to be a pressing issue, businesses that take a proactive approach to reducing their carbon footprint can establish themselves as responsible and sustainable entities. This is a good match for companies that have a large environmental impact, such as those in the manufacturing or transportation sectors. A CSR campaign focused on environmental conservation can include initiatives such as reducing waste, using renewable energy sources, and promoting eco-friendly practices among employees and customers.
2. Education: Investing in education is one of the most effective ways to support social development and empower individuals and communities. For companies that want to create a CSR campaign that has a tangible impact on people's lives, education is a great choice. This is especially relevant for companies that have a strong local presence and want to support the communities in which they operate. A CSR campaign focused on education can include initiatives such as donating educational resources to schools, providing scholarships to students, or organizing workshops and training programs for employees and community members.
3. Health and wellness: Promoting health and wellness is a social cause that has become increasingly relevant in light of the COVID-19 pandemic. Companies that prioritize the well-being of their employees and customers can create a positive image for themselves and build strong relationships with stakeholders. This is a good match for companies in the healthcare or hospitality sectors, as well as those that offer wellness-related products or services.
A CSR campaign focused on health and wellness can include initiatives such as promoting healthy lifestyles, providing access to healthcare services, or supporting mental health awareness and treatment programs.Overall, each of these social causes has the potential to create a meaningful and lasting impact, both for the company and the communities it serves.
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What is a list of a business employees and how they are to be compensation
Answers
Answer:
1. Base pay package
A base pay package is a standard amount of money an employee receives in exchange for working a set number of hours (typically 40 hours per week). Employees who receive a base pay package are paid an hourly wage or a salary. Although most employees work for base pay, whether they are salaried or hourly employees depends on their role. "An employee working on a project or with defined tasks will usually prefer a base salary package," Jeremy Jarry, CEO of stock-option consultancy B3GIN, told business.com. "Hourly-type packages are often for entry-level positions or low-paying jobs."
2. Commission package
A commission package is compensation given based on employee performance. Some commission packages include a low base-pay salary and high commissions, whereas others offer only commissions. A commission package incentivizes employees to perform well, since their paycheck is tied to their performance. "Often, these compensation packages are given to individuals working in sales," Jarry said. "They will receive a percentage on the turnover they generate or a flat dollar amount if they hit a sales target."
3. Equity package
Equity packages are typically offered to employees in leadership positions or for hard-to-recruit profiles. However, Jarry said giving every employee access to stock options can create a culture of sharing and inclusion, as well as align the interests of investors, founders, and employees. "Equity will vary by organization and may be used as a larger component if cash is tight (e.g., at a startup) and as a method to incentivize employee retention," Roy said.
4. Benefits package
includes additional perks that workers receive on top of their base wages. There are a few employee benefits you are legally required to offer, including family and medical leave, health insurance (for companies with 50 or more full-time employees), FICA (Social Security, Medicare, and federal insurance contributions), unemployment insurance, and workers compensation
5. Bonuses
Bonuses are often tied to the performance of the employee, their team or the company. Although you can offer bonuses to employees of any level, many employers give bonuses to employees in leadership roles.
I really hope this helps :)
Pappy’s Potato has come up with a new product, the Potato Pet (they are freeze-dried to last longer). Pappy’s paid $120,000 for a marketing survey to determine the viability of the product. It is felt that Potato Pet will generate sales of $835,000 per year. The fixed costs associated with this will be $204,000 per year, and variable costs will amount to 20 percent of sales. The equipment necessary for production of the Potato Pet will cost $865,000 and will be depreciated in a straight-line manner for the 4 years of the product life (as with all fads, it is felt the sales will end quickly). This is the only initial cost for the production. Pappy’s has a tax rate of 23 percent and a required return of 13 percent. Calculate the payback period, NPV, and IRR. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your IRR answer as a percent.)
Answers
Answer:
NPV: $84,659.21
Payback Period: less than 1 year
IRR: 32.17%
Explanation:
To calculate the payback period, we need to find out how long it will take to recover the initial investment of $120,000. We will do this by calculating the annual cash flows until the initial investment is fully recovered.
First, let's calculate the annual cash flows for each year:
Year 0:
-Initial investment: -$120,000
Year 1:
-Sales: $835,000
-Variable costs: $167,000 (20% of sales)
-Fixed costs: $204,000
-Depreciation: $216,250 ($865,000 / 4 years)
-EBT (Earnings before taxes): $247,750 ($835,000 - $167,000 - $204,000 - $216,250)
-Taxes: $56,972 (23% of $247,750)
-Net Income: $190,778 ($247,750 - $56,972)
-Annual Cash Flow: $311,028 ($190,778 + $120,000)
Year 2:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
Year 3:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
Year 4:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
The total cash inflow for the four years is $1,244,112 ($311,028 x 4 years). The payback period is the time it takes to recover the initial investment, which in this case is less than one year (around 0.39 years). Therefore, the payback period for this project is less than one year.
To calculate the NPV, we need to discount the annual cash flows to their present value using the required rate of return of 13%. The formula for NPV is:
NPV = -Initial Investment + (CF1 / (1+r)^1) + (CF2 / (1+r)^2) + ... + (CFn / (1+r)^n)
where CF is the annual cash flow, r is the required rate of return, and n is the number of years.
Substituting the values, we get:
NPV = -$120,000 + ($311,028 / 1.13^1) + ($311,028 / 1.13^2) + ($311,028 / 1.13^3) + ($311,028 / 1.13^4)
NPV = $84,659.21
Therefore, the NPV of the project is $84,659.21.
To calculate the IRR, we need to find the discount rate that makes the NPV equal to zero. We can do this using trial and error or by using the IRR function in Excel. Using Excel, we can calculate the IRR as 32.17%.
With an NPV of $304,883.82 and an IRR of around 19.47%, the Potato Pet project has a payback period of roughly 2.75 years. These findings imply that Pappy's Potato should take the project into consideration as it is anticipated to provide a profit.
What is the payback method and payback period?The payback method calculates the amount of time needed to "payback" or repay the initial expenditure. The time it takes for an investment to create enough cash revenues to cover its associated financial outflow(s), usually expressed in years, is known as the payback period.
To calculate the payback period, we need to determine how long it will take for the project to generate enough cash inflows to recover the initial investment of $985,000 ($120,000 + $865,000).
we need to calculate the annual cash inflows:
Annual sales revenue = $835,000
Variable costs = 20% of sales = $167,000
Fixed costs = $204,000
Operating income before depreciation and taxes = $464,000 ($835,000 - $167,000 - $204,000)
Depreciation = $865,000 / 4 = $216,250
Taxable income = $247,750 ($464,000 - $216,250)
Taxes = $56,983 ($247,750 x 0.23)
Net income = $190,767 ($247,750 - $56,983)
Annual cash inflows = Net income + Depreciation = $407,017 ($190,767 + $216,250)
Now, we can calculate the payback period:
Year 1 cash inflows = $407,017
Cumulative cash inflows after Year 1 = $407,017
Year 2 cash inflows = $407,017
Cumulative cash inflows after Year 2 = $814,154
Year 3 cash inflows = $407,017
Cumulative cash inflows after Year 3 = $1,221,231
Year 4 cash inflows = $407,017
Cumulative cash inflows after Year 4 = $1,628,308
The payback period is between Year 3 and Year 4, as the cumulative cash inflows exceed the initial investment of $985,000 in Year 3 and total $1,221,231. The payback period is approximately 2.75 years (or 2 years and 9 months).
To calculate the NPV, we need to discount the annual cash inflows at the required rate of return of 13%.
Year 1 PV factor = 1 / (1 + 0.13)^1 = 0.885
Year 2 PV factor = 1 / (1 + 0.13)^2 = 0.783
Year 3 PV factor = 1 / (1 + 0.13)^3 = 0.693
Year 4 PV factor = 1 / (1 + 0.13)^4 = 0.613
NPV = ($407,017 x 0.885) + ($407,017 x 0.783) + ($407,017 x 0.693) + ($407,017 x 0.613) - $985,000
NPV = $304,883.82
The NPV is positive, which indicates that the project is expected to generate a return that exceeds the required return of 13%.
To calculate the IRR, we need to find the discount rate that results in an NPV of zero. We can use a financial calculator or Excel to do this. The IRR for this project is approximately 19.47%.
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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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An organization licensed as a producer business entity based in New York would like to transact insurance in New Jersey. Which of the following is true?
- the organization will need to obtain a nonresident business entity license, and its producers will need to obtain nonresident licenses
Answers
Option d: The organization will need to obtain a nonresident business entity license, and its producers will need to obtain nonresident licenses is correct.
A business entity is an organization established to conduct business. The type of entity incorporated affects how a company is taxed and how it faces liability.
There are mainly he five types of business entities. Sole proprietorships and general partnerships are partnerships. A limited liability partnership provides investors with a degree of liability protection. Corporations and LLCs separate personal and business taxes and responsibilities.
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Complete question:
An organization licensed as a producer business entity based in New York would like to transact insurance in New Jersey. Which of the following is true?
a) The organization will not have to obtain a nonresident license, unless more than 50% of its business is conducted in New Jersey. However, its producers will need to obtain nonresident licenses.
b) The organization will not have to obtain a nonresident license, since it is a business entity. However, all of its producers will need to have nonresident licenses.
c) The organization will need to obtain a nonresident business entity license, which will secure nonresident status for the business itself and all of its producers.
d) The organization will need to obtain a nonresident business entity license, and its producers will need to obtain nonresident licenses
which answer best defines opportunity cost
A. what it cost to take advantage of a great savings opportunity
B the value of the things you have to give up to get something else
C the amount a seller paid to sell you a product D the amount you have to pay to do something the value of the things you have to give up to get something else what it cost to take advantage of a great savings opportunity
Answers
Explanation: You have to give away something to get something else
Hope this helps!
Answer:
B. The value of the things you have to give up to get something else.
Explanation:
The reason is the definition of Opportunity Cost is The loss of a potential gain from other alternatives when one alternative is chosen. If you put it in a way you can understand better you get B. The value of the things you have to give up to get something else.
Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
Answers
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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What are examples of career changes? Check all that apply.
Sonja is a Bus Driver who takes a new job as a Cook in a restaurant.
Alfredo is an Actor for a television show who takes a job acting in a movie.
Marybeth is a Farmworker who grows vegetables and decides to start growing fruit, too.
Joshua is a Security Guard who takes a job as a High School Math Teacher.
Answers
Answer:
It's A and D.
Explanation:
Answer:
A D
Explanation:
The productivity of your store managers will not be affected by the part-time staff.
True
False
Answers
Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
Answers
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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5. Priest and Sons, is a local manufacturer of a product that sells for $13.50 per unit. Variable costper unit is $7.85 and fixed cost per period is $1 220. Capacity per period is 1100 units. Perform a break-even analysis showing an algebraic statement of:
a. the revenue function
b. the cost function
c. calculate the break-even point in units
Answers
The breakeven point in units is approximately 217 units.
A. The revenue function represents the total revenue generated by selling a certain number of units. In this case, the revenue function can be expressed as:
Revenue = Selling price per unit * Number of units
Since the selling price per unit is $13.50, the revenue function can be written as:
Sales = $13.50 * Number of units
b. The cost function represents the total cost incurred to produce a certain number of units. In this case, the cost function consists of both variable costs and fixed costs. The cost function can be expressed as:
Price = (variable price per unit * number of units) + fixed price
Since the variable cost per unit is $7.85 and the fixed cost per period is $1,220, the cost function can be written as:
Price = ($7.85 * Number of Units) + $1,220
C. To calculate the break-even point, we need to find the number of units where revenue equals cost. In other words, it is the point where there is no profit or loss. Mathematically, the break-even point can be calculated by setting revenue equal to cost and solving for the number of units:
$13.50 * Number of Units = ($7.85 * Number of Units) + $1,220
Rearranging the equation gives:
$13.50 * Number of Units - $7.85 * Number of Units = $1,220
Combining similar terms we have:
$5.65 * Number of units = $1,220
Dividing both sides of the equation by $5.65, we find:
Number of units = $1,220 / $5.65
Number of units ≈ 216.81 (rounded to nearest whole number)
At this point, the revenue from the sale of 217 units will equal the total cost incurred, resulting in neither a profit nor a loss. This break-even analysis helps Priest and Sons determine the minimum number of units they need to sell to cover their costs and break even.
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Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
Answers
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
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1. What is considered a responsible use of money?
A. living within your means
B. buying a new car
C. signing a lease
D. getting a promotion
2. What is considered an irresponsible use of money?
A. buying a new washer/dryer
B. spending exceeds income, or living beyond one's means
C. paying for three streaming services
D. taking out student loans to pay for college
3. What is a passive form of income?
A. a wage
B. a salary
C. interest paid on savings or bond investments
D. A and B
4. What are tips most similar to?
A. hourly wages
B. piece work rates
C. commissions
D. salaries
5. What is considered a wage?
A. Any amount paid to someone for any reason.
B. An annual amount agreed upon in advance paid to a full-time employee to perform a role regardless of time spent.
C. A fixed amount paid per completion of a unit of a good.
D. A fixed amount paid per period of time spent working.
Answers
In conclusion, despite the fact that money has existed in a variety of forms throughout history, it has always served the same three purposes: as a store of value, a unit of account, and a medium of exchange.
What is Money ?Money is a liquid asset that is used to promote value-based transactions. It serves as a channel of communication between people and things. It can measure the value of other items and serves as both a store of value and a unit of account.
Most economies relied on bartering before the creation of money, in which people exchanged the products they already owned for the things they required.
Hence Correct Options gggfor the given Questions are
1. A
2. B.
3. C
4. C.
5. D
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If Depressants such as alcohol, ___________and sedatives affect the central nervous system by slowing down or depressing reflexes and coordination.you are experiencing any drug __________, don't drive.
Answers
Answer:
The answers are in the image for the first one
Explanation:
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Which negative quality does Deborah exhibit?
Deborah believes that people of other races are inferior to her. She treats them with disdain and does not miss an opportunity to abuse them. Deborah is (BLANK)
this is a question on edmentum btw if anyone has answered it i would really appreciate it
Answers
Based on the given information, Deborah exhibited a negative quality of racism.
What is racism?Racism refers to as a negative quality characterized by prejudice, discrimination, or antagonism directed against people who belong to a particular race or ethnic group.
In the scenario given, Deborah believes that people of other races are inferior to her and treats them with disdain, which suggests that she holds prejudiced attitudes towards individuals based on their race. Her behavior of abusing them also suggests that she discriminates against them by treating them unfairly and disrespectfully.
In this 21st century, racism supposed to be things of the past and government of different countries should put measures in place that racist are dealt with accordingly.
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Select the correct answer.
Wendy is expecting a promotion at her workplace. However, she wants to know how she can improve so that she can get the promotion. What
should Wendy do?
A. review her own work
OB. observe her colleagues
OC. ask for feedback from her peers
OD. ask for feedback from her manager
Answers
As the Toronto-based Four Seasons hotel chain remodels an existing hotel in Mumbai to bring it to the five-star hotels exacting standards, it is building a magnificent revolving restaurant overlooking the Arabian Sea at World. The restaurant structure is an example of a(n):
Answers
Answer:
Horizontal expansion model
Explanation:
Renovation in Horizontal expansion model is one in which current business is upgraded with some new features to add value and another branch is opened to serve its customers. The customers needs are kept in mind before going for a renovation process.
The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
Answers
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
Answers
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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5.Which of the following is a valid Excel formula?
a) =C4*D4
b) B4*D4
c) Both =C4* and B4*D4
d) Neither =C4* nor B4*D4