Answer:
$676.16
Explanation:
We are required to find the monthly payments (PMT). This can be calculated using a financial calculator as follows :
PV = $102,500
P/yr = 12
i = 6.25%
N = 25 × 12 = 300
FV = $0
PMT = ?
Using a Financial Calculator to enter the values as above, the PMT will be $676.16. Therefore, he monthly payments on the mortgage are $676.16.
Problem 3. A company wants to forecast demand for June using a two period weighted moving average with weights of .6 (for May) and .4 (for April). Calculate the forecast for June. Jan 100 Feb 150 Mar 200 Apr 500 May 800 June
Answer:
June forecast = 680
Explanation:
Since we are required to use two period weighted moving average, the forecast for June can be calculated using the following formula:
June forecast = (April figure * Weight for April) + (May figure * Weight for May) ....... (1)
Where;
April figure = 500
Weight for April = 0.4
May figure = 800
Weight for May = 0.6
Substituting the values into equation (1), we have:
June forecast = (500 * 0.4) + (800 * 0.6) = 200 + 480 = 680
George deposited $2,000 in his bank account, which offers 5 percent compound interest calculated annually. what would be the principal amount available in george’s account at the end of two years?
Answer:
$2,205
Explanation:
The amount available after two years can be calculated using the formula
A= P x ( 1 + r) ^n
where A = amount
P= principal: $2000
r = interest rate : 5%, or 0.05
n = number of compound periods: 2
A= $2000 x ( 1 + 0.05)^2
A= $2000 x1.1025
A= $2,205
Principal amount after two years = $2,205
Answer:
2,205
Explanation:
I got it right on the test
QUESTION 4 of 10: True or False: Secondary data is usually more expensive than collecting primary data. a) True b) False
Answer:
False, the secondary data is usally to support the primary.
Explanation:
Secondary data is usually more expensive than collecting primary data. The statement is False. Thus the correct option is B.
What is Primary data?The term "primary data" refers to information created by the researcher themselves, such as results of the survey, group interviews, and experimental results created specifically to help recognize and address the current study issue.
In order to maintain organizational records, huge government institutions, healthcare facilities, etc. generate existing data known as "secondary data." After then, the data is extracted from a wider range of file systems.
Primary data is usually more expensive than collecting secondary data as it is collected firsthand which requires time and effort for performing the particular process.
Therefore, the statement is false.
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According to O*NET, what are common skills needed
by Tour Guides? Select three options.
active listening
science
speaking
social perceptiveness
troubleshooting
equipment maintenance
repairing
Answer:
1 3 4
Explanation:
Answer:
1 3 and 4
Explanation:
...
g a. Provide the journal entry if the investor purchases the assets and assumes the liabilities of the investee company.
Answer:
Debit : All assets bought at their Fair Value Amounts
Debit : Goodwill (if Payment is greater than Net Assets acquired)
Credit : All liabilities assumed at their Fair Value Amounts
Credit : Method of payment for example cash
Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)
Explanation:
Hi, your question is incomplete, i tried to look for the full question online but i could not find it.
However, below is an explanation to solving the problem.
An acquisition of investee Assets and Liabilities is not a business combination transaction that requires preparation of consolidated financial statements.
A business combination is a transaction or event in which an ACQUIRER obtains CONTROL of one or more Businesses. So, if it is not a business, it is a mere ASSET ACQUISITION transaction.
Thus said, in our question investor purchases the assets and assumes the liabilities of the investee company, this is an Asset Acquisition transaction and not a Business Combination transaction.
The excess of consideration paid over the net assets acquired at fair value is called goodwill and must be recognized. If not the case the excess of net assets acquired over purchase price (gain on acquisition) must be recognized.
Below are the accounting entries to record an Asset Acquisition transaction.
Debit : All assets bought at their Fair Value Amounts
Debit : Goodwill (if Payment is greater than Net Assets acquired)
Credit : All liabilities assumed at their Fair Value Amounts
Credit : Method of payment for example cash
Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)
Nickel Inc. bought $500,000 of 3-year, 6% bonds as an investment on December 31, 2017 for $530,000. The investment receives interest annually and Nickel uses straight-line amortization. On May 1, 2018, the issuer retired $100,000 of the bonds at 116. As a result of the retirement, Nickel will report a:
Answer:
the gain would be reported i.e. $10,778
Explanation:
The computation is shown below:
The Value of 100000 bonds is
= $530,000 ÷ $500,000 × 100,000
= $106,000
Now
Premium amortization in 4 month is
= $7,000 ÷ 36 months × 4 months
= $778
Now
Carrying value on may 1, 2018 is
= $106,000 - $778
= $105,222
Now
Retirement value is
= 100,000 × 1.16
= 116,000
So,
Gain on retirement is
= 116,000 - 105,222
= $10,778
Hence, the gain would be reported i.e. $10,778
Suppose the local government imposes an annual lump-sum tax per plant.How will the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer be affected
Answer:
The Tax is a lump-sum which means that it does not change by output. It is therefore a fixed cost.
Average Fixed Cost ⇒ INCREASE
The new tax would increase the fixed costs which would lead to an increase in the average fixed costs.
Average Variable Cost ⇒ UNCHANGED
The tax is a fixed cost not a variable cost which means variable costs will not be affected.
Average Total cost ⇒ INCREASE
Fixed costs is a part of total cost and if that increases, the total cost will have to increase as well.
Marginal Cost ⇒ UNCHANGED
As the cost that changed is a fixed cost, the total cost will not change as a result of more production so marginal cost will not change.
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,000 units) $ 240,000 $ 30.00 Variable expenses 152,000 19.00 Contribution margin 88,000 $ 11.00 Fixed expenses 54,200 Net operating income $ 33,800 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume decreases by 40 units? 3. What would be the revised net operating income per month if the sales volume is 7,000 units?
Answer:
Results are below.
Explanation:
Giving the following information:
Unitary contribution margin= $11
Fixed costs= $54,200
First, we need to calculate the net income y sales were 8,040:
Net income= 8,040*11 - 54,200
Net income= $34,240
Now, if sales were 7,960:
Net income= 7,960*11 - 54,200
Net income= $33,360
Finally, if sales were 7,000:
Net income= 7,000*11 - 54,200
Net income= $22,800
Identify the microeconomic topic(s) among the following: Average cost of electricity per household. Average cost of electricity per household. The unemployment rate. The unemployment rate. Fiscal policy. Fiscal policy. The price that a farmer asks for her watermelons.
Answer:
Average cost of electricity per household
The price that a farmer asks for her watermelons.
Explanation:
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
The other options are examples of macroeconomics.
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
A standard worker produces 8 printers per one shift. If the work average is such that 90% efficiency is expected, what is the actual number of printers that should be produced per one shift
Answer: 7.2 printers
Explanation:
From the question, we are informed that a standard worker produces 8 printers per one shift and that the work average is such that 90% efficiency is expected.
The actual number of printers that should be produced per one shift would be gotten by multiplying the efficiency by the standard worker output. This will be:
= 8 × 90%
= 8 × 90/100
= 8 × 0.9
= 7.2 printers
The Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of:
Answer:
Imports.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world.
In this scenario, the Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of imports.
An import can be defined as a type of trade which typically involves the purchase of goods and services from a foreign country for domestic use.
if the government wishes to regular a natural monopoly so that it produces an efficient level of output it would be
Answer: Price capping, Regulation of mergers, breaking up existing monopoly
Explanation:
Price capping us setting regulations on the price that utility provider can charge. The cap is set according to several economic factors such as price cap index, inflation. Also the government would regulate mergers and break existing monopolies
The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nadonally-recognized brand of hotdog.
Answer:
The demand for DECADOGS in this scenario will decrease sharply
Explanation:
The demand for DECADOGS in this scenario will decrease sharply. This is because as the price of hotdog buns increases less and fewer individuals will purchase hotdog buns because they simply cannot afford to pay those prices or believe they are not worth the price. Since hotdog buns and hotdog demand are correlated with one another (since they are foods that depend on one another), people will not need to buy DECADOGS hotdogs since they are not buying the hotdog buns.
Assume you own shares in Walmart and that the company currently earns $4.80 per share and pays annual dividend payments that total $4.10 a share each year. Calculate the dividend payout for Walmart.
$8.90 dividend payout for Walmart
What is dividend ?A corporation's payout of profits to its shareholders is known as a dividend. A corporation is able to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus.
Any remaining funds are seized and reinvested in the company (called retained earnings). A corporation is typically not allowed to pay a dividend out of its capital; therefore, both the current year's profit and the retained earnings from prior years are eligible for distribution.
If the company has a dividend reinvestment plan, the amount can be paid by the issuance of more shares through share repurchase. Alternatively, distribution to shareholders can be made in cash. The distribution may occasionally consist of assets.
A shareholder's dividend is considered their own income and could be liable to income tax (see dividend tax). This income is taxed in various ways depending on the jurisdiction.
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Based on your understanding of the determinants of interest rates, if everything else remains the same, which of the following will be true? Higher inflation expectations increase the nominal interest rate demanded by investors. The yield on U.S. Treasury securities always remains static.
Answer:
Higher inflation expectations increase the nominal interest rate demanded by investors
Explanation:
In the case when the rate of interest measures when everything remains the same so if there is high inflation so it would be expected that it also rise the nominal rate of interest that demanded by investors as the inflation would be the value that ascend over a time frame
Hence, the same is to be considered
Therefore the first option is correct
Choose the correct statement regarding rental insurance
A. Rental insurance covers your personal belongings but not the actual building
B. Rental insurance covers the carpeting if the water heater leaks
C. Rental insurance only covers in the case of a hurricane
D. Rental insurance covers everything in a building including the physical building.
Answer:
A. Rental insurance covers your personal belongings but not the building
Explanation:
RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.
Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.
What is the primary reason that suggests Phoenix does not have to worry about its water supply for the foreseeable future
Answer: c. Phoenix has water rights associated with its agricultural activities
Explanation:
Phoenix is located in an area that receives little rainfall and is more prone to drought and as they keep growing to unsustainable numbers, the pressure on the Colorado river has increased massively.
Phoenix does not need to worry about water supply for the foreseeable future however because it has substantial surface water rights that are linked to its agricultural activities that will help them meet their demand.
Julio sold his stock in ABC Company for a higher price per share than he bought it for. He realized a:
Answer: Capital gain
Explanation:
Capital gain is the return that a person gets when they sell their shares for a higher price than what they bought it for. It is a capital gain because the money they invested (capital) increased and brought back more than they spent.
The reverse is called a Capital loss.
Example of Capital gain:
You buy stock in 2019 for $40 and sell it in 2020 for $100. Your capital gain is:
= 100 - 40
= $60
Which best describes what injector factors bring to an economic system?
factors of production
imports
consumers
money
Answer: Money
Explanation:
Money is one of the injector factor that is necessary for bringing the economic system. The injection of money helps in boosting economy of any country or region. This also helps in investment, strengthening the government to take necessary measures for development, and export. Money can be used to purchase raw materials to produce more number of goods and it enables the customers to purchase those goods and services. This exerts a positive impact on the circulation of economy.
Answer:
The answer to the question is D. Money
What is the percentage return on a stock that was purchased for $48.40, paid a $1.67 dividend, and was then sold after one year for $46.20
Answer:
-1.10%
Explanation:
Calculation for percentage return on a stock
Stock percentage return=$46.20 + 1.67 - 48.40)/$48.40
Stock percentage return= = -.0110*100
Stock percentage return=-1.10%
Therefore the percentage return on a stock is -1.10%
The United States' economy is growing at a faster rate than the economy of its trading partner, the United Kingdom. As a result, the rate of American inflation is increasing.Draw correctly labeled graphs to show how the increase in inflation will affect the supply of the U.S. dollar and demand for the British pound in the foreign exchange market.Based on the scenario, what will happen to the value of the U.S. dollar
Answer:
If the U.S. economy fast paced growth causes inflation to rise, this will make the value of the U.S. dollar go down, because more U.S. dollars will be needed to buy the same amount of goods and services (including foreign currency) since what inflation causes is a loss of purchasing power of the currency.
For this reason, international investors will demand less U.S. dollars in the foreign exchange market, including British investors.
While the supply of U.S. dollars will continue to grow (because inflation is primarily caused by a rise in the money supply) demand will continue to fall, both against the British pound, and other currency. This will further lower the value of the U.S. dollar in the foreign exchange market, while appreciating the British Pound at the same time.
Why would the government allow companies to buy and sell permits that allow companies to emit specified amounts of pollutants
Answer:
To removes bias in the allocation of emissions rights.
Explanation:
The government allow companies to buy and sell permits in order to removes bias in the allocation of emissions rights. These permits are given to the companies that allow other companies to emit a specific amount of pollutants from their industries. If there is no permits given to companies so these companies emits huge amount of pollutants which pollute the whole environment.
Charter Corporation manufactures a single product that has a cost of $350. The company uses a 70% markup on cost to arrive at a selling price of $595, which results in a price that virtually always exceeds that of the market leaders. If Charter changes to the approach known as target costing, the company will first: undertake a thorough study of competitors' prices. change the markup so that it is based on sales rather than based on cost. attempt to re-engineer its product. trim its $350 cost. reduce its 70% markup rate.
Answer:
trim its $350 cost.
Explanation:
Target costing starts in the final selling of a good and then the company deducts its desired markup. The result is the target cost of the product. The company then tries to cut production costs in order to reach that target cost.
E.g. the market price is $500
target cost = $500 / 1.7 = $294.12
the company will try to manufacture its product spending just $294.12 per unit
Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to: Group of answer choices
Answer:
6%
Explanation:
Calculation for ECE's market-to-book ratio
Using this formula
Market-to-book ratio = (MV Equity)/(BV Equity)
Let plug in the formula
Market-to-book ratio = ($24 x 25 million)/100 million
Market-to-book ratio = 6%
Therefore ECE's market-to-book ratio is closest to 6%
When trade barriers began to fall, what was the motivation for much of the foreign direct investment by non-U.S. firms
Answer:
The motivations were all the advantages that the U.S. market offers.
These advantages are many, because the U.S. is a developed country, with a very large population, and a robust legal system that protects private property, including the property of non U.S. firms that invest in the country.
For these reasons, once trade barriers began to fall, many non U.S. firms took advantage of the new opportunities, and started to invest in the U.S. market.
In regard to employee benefits, on October 20, 2X13, the CFO of Scare Crow PLC in London is committed to terminating Aunt Emma on December 31, 2X13 and will be offering her a benefit package of 100,000 British Pounds Sterling. Aunt Emma is qualified to retired from Scare Crow on December 31, 2X16. The proper treatment of this decision is
Answer:
1 October 31, 2X13 statement: Debit termination expense for 100,000 British Pounds Sterling, Credit termination payable 100,000 British Pounds Sterling
Explanation:
The proper treatment of this decision is as follow
The benefits package cost of 100,000 British pounds will be recorded as an expense in the termination expense account. A debit entry in this account will be recorded.
On the other hand, the payment is not made to Aunt Emma, so liability will be created to record the offer of the benefits package. A credit entry in the Termination payable ( Aunt Emma ) account to record the liability equal value recorded in the expense account.
The Journal Entry will be as follow
Dr. Termination expense_100,000 British Pounds Sterling,
Cr. Termination payable _100,000 British Pounds Sterling
What is the impact of a strong dollar relative to the peso for a U.S. consumer buying a car produced in Mexico
Answer: a. The car should be less expensive for the U.S. consumer.
Explanation:
If the dollar is strong relative to the peso, it means that the US dollar can buy more pesos.
If a U.S. consumers should therefore buy a car that was produced in Mexico, the car would be cheaper for them because the car would have originally be priced in pesos and with the U.S. dollar stronger, the American consumer would spend less dollars to match the price in pesos.
Why should you get a growing perpetuity?
Cramer Company sold five-year, 6% bonds on October 1, 2018. The face amount of the bonds was $155,000, while the issue price was $160,000. Interest is payable on April 1 of each year. The fiscal year of Cramer Company ends on December 31. How much interest expense will Cramer Company report in its December 31, 2018, income statement (assume straight-line amortization)
Answer:
$2,209
Explanation:
Calculation for How much interest expense will Cramer Company report in its December 31, 2016, income statement (assume straight-line amortization)
First step is to calculate cash interest
Cash interest =$155,000 × 6% × 3/12
Cash interest=$2,325
Second step is to calculate Premium amortization
Premium amortization= $2,325 × 1/5 × 3/12
Premium amortization=116.25
Now let calculate Interest expense
Interest expense=$2,325-$116.25
Interest expense=$2,208.75
Interest expense= $2,209 (approximately)
Therefore How much interest expense will Cramer Company report in its December 31, 2016, income statement (assume straight-line amortization) is $2,209
goods that can be bought in any quantity desired are called ?
Answer:
I think the answer is demand
Explanation:
Demand can be the quantity of any good at the desired amount.