Answer:
four
Explanation:
The answer is four because the dictionary definition is "in order to gain a strategic advantage and increase one's payoff." If you have an advantage than it doesn't matter what your opponent does. So there for the answer is #4.
On 12/31/Year 1 Passey Co. acquired a 100% interest inSolomon Co. by exchanging 10000 shares of its common stock for100000 shares of Solomons common stock. The fair market value ofPasseys common stock on December 31 Year 1 was $9 per share andthe fair value of Solomons was $3.50 per share.Additional information as of December 31 Year 1 is as follows:
Solomon Co.
Book Values Fair Values
Current assets $115000 $115000
Plant assets 200000 255000
Liabilities 10000 10000
Passey Co.Plant assets$1700000 $1800000
Passeys consolidated financial statements as of December 31 Year1 would report plant assets at:__________.
i. $1700000
ii. $1800000
iii. $1955000
iv. $2055000
The consolidated financial statements of Passey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.
Data and Calculations:
Passey Co.s shareholding in Solomon Co. = 100%
The fair value of Solomon's = $3.50
The fair value of Passey's = $9
Solomon Co.
Book Values Fair Values
Current assets $115,000 $115,000
Plant assets 200,000 255,000
Liabilities 10,000 10,000
Passey Co.
Plant assets $1,700,000 $1,800,000
Consolidated Plant Assets:
Passey Co. Solomon Co. Consolidated
Number of shares exchanged 10,000 100,000
Plant assets $1,700,000 $255,000 $1,955,000
Thus, the consolidated financial statements of Passsey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.
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Kline Construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $628,000. The current cost of equity is 17.6 percent and the tax rate is 35 percent. The company is in the process of issuing $4.3 million of 8.3 percent annual coupon bonds at par. What is the levered value of the firm?
Based on the information given the levered value of the firm is $3,824,318.
First step is to calculate the Unlevered firm value
Unlevered firm value = EBIT(1 - Tax) / Cost of equity
Unlevered firm value= $628,000 x (1-.35)/.176
Unlevered firm value= $628,000 x (1-.35)/.176
Unlevered firm value = $628.000×.65/.176
Unlevered firm value = $2,319,318
Second step is to calculate Levered firm value
Levered firm value = Unlevered firm value + (Tax rate× Debt))
Levered firm value= $2,319,318 + (.35 x $4,300,000)
Levered firm value= $2,319,318 +$1,505,000
Levered firm value = $3,824,318
Inconclusion the levered value of the firm is $3,824,318.
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Holly's salary is $80,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. Holly's savings ratio is
Based on the amount that Holly contributes per year, her savings ratio can be said to be 18.1%.
Savings RatioPercentage of annual salary that is contributed to retirement funds. Includes savings made by employer.Holly's savings are:
= (10% + 5%) of salary + Contribution to IRA
= (15% X 80,000) + 2,500
= $14,500
Savings ratio is:
= Savings / Annual salary
= 14,500 / 80,000
= 18.1%
In conclusion, savings ratio is 18.1%.
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The Copper Grill has the following current assets: cash, $11 million; receivables, $44 million; inventory, $45 million; and other current
assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6
million; and long-term debt, $11 million.
Based on these amounts, calculate the current ratio and the acid-test ratio.
Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal
places.)
The Copper Grill
Current ratio
Acid-test ratio
Answer:
Current ratio:
Current ratio=current assets/ current liabilities
Current assets= 11 million + 55 million +40 million + 6 million= 112 million
Current liabilities= 37 million + 8 million= 45 million
Current ratio= 112 million/ 45 million= 2.49
The current ratio is a liquidity ratio that assesses a firm's capacity to pay short-term or one-year obligations. It explains to investors and other stakeholders how a firm might use current assets on its balance sheet to pay off current debt and other obligations.
The current ratio is called "current" because it includes all current assets and liabilities, unlike many other liquidity ratios. The working capital ratio is another name for the current ratio.
Analysts determine the ratio by comparing a company's current assets and liabilities. Cash, accounts receivable, inventory, and other current assets (OCA) that are projected to be liquidated or converted into cash in less than one year are reported as current assets on a firm's balance sheet. Accounts payable, wages, taxes payable, short-term loans, and the current portion of long-term debt are all examples of current liabilities.
Acid-test ratio
Acid test ratio= quick assets/ current liabilities
Quick assets= 11 million+ 55 million= 66 million
Current liabilities= 45 million
Acid test ratio= 66 million/ 45 million= 1.47
The acid-test ratio (ATR), also known as the quick ratio, calculates how well current assets can pay current obligations to determine a company's liquidity. Only the most liquid current assets that can be turned into cash in 90 days or less are used in the quick ratio.
The quick ratio is computed by dividing the total cash and equivalents, accounts receivables, and marketable investments by current liabilities.
Companies should aim for a ratio of 1.0 or above, indicating that they have sufficient current assets to meet their short-term debt commitments or expenses.
Explanation:
Current ratio= 112 million/ 45 million= 2.49
Acid test ratio= 66 million/ 45 million= 1.47
The current ratio and the acid-test ratio for The Copper Grill are 2.60 and 1.55 respectively.
What is a good current ratio?A healthy current ratio is between 1.2 and 2, indicating that the company has twice as many current assets as liabilities to cover its debts. A current ratio of less than one indicates that the company lacks sufficient liquid assets to satisfy its short-term liabilities.
Given
cash, $11 million
receivables, $44 million;
inventory, $45 million
other current assets $3 million
accounts payable, $37 million;
current portion of long-term debt, $6 million
long-term debt, $11 million
Required to Calculate the Current ratio and Acid-test ratio =?
Current ratio = Current Assets / Current Liability
Current Assets = cash + receivables + inventory + other current assets
= 11 + 44 + 45 + 3 = $112 million
Current Liability = accounts payable + current portion of long-term debt
= 37 + 6 = $43 million
Current ratio = Current Assets / Current Liability
Current ratio = 112 / 43 = 2.60
Acid-test ratio = Current Assets - Inventory / Current Liability
= 112 - 45 / 43
Acid-test ratio = 1.55
Thus, The Copper Grill's current ratio and acid-test ratio are 2.60 and 1.55, respectively. The current ratio calculates a company's ability to pay short-term or current liabilities, such as payables and loans, with short-term or current assets, such as receivables, inventories, and cash.
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Niccolo is invited to help a program where, even though not mandated by the external environment, management requires teams to make big, up-front, and detailed scope commitments for every release. What three things can Niccolo do to best coach the decision-makers
The three things Niccolo can do to better train decision makers are Illustrate the power of feedback in content decision making, as well as emphasize the value of “Responding to Agile Manifesto changes.
Another thing Niccolo can do is explain the benefits of releasing at the end of the program increment.
Therefore, through these actions, Niccolo will help to incorporate an organizational attitude focused on compliance, process transparency and adaptation to the rapid environmental changes that impact the progress of a project.
Feedback generates greater decentralization of decision making, empowers and integrates the team, while the concepts of the agile manifesto make decision making more creative, faster and more focused on results.
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Howarth Manufacturing Company purchased equipment on June 30, 2017, at a cost of $800,000. The residual value of the equipment was estimated to be $50,000 at the end of a five year life. The equipment was sold on March 31, 2021, for $170,000. Howarth uses the straight- line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service
Required:
1. Prepare the journal entry to record the sale.
2. Assuming that Howarth had instead used the double-declining balance method, prepare the journal entry to record the sale.
The journal entry that can be used to record the sale will be:
March 31, 2021.
Debit Cash $170000
Debit Accumulated Depreciation $562500
Debit Less on sales $67500
Credit Equipment $800000
When Howarth used the double-declining balance method, the journal entry to record the sale will be:
Debit Cash $170000
Debit Accumulated Depreciation $675584
Credit Gain on sales $45584
Credit Equipment $800000
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Help help help help help help
Answer:
37%
Explanation:
I did the division 290/780*100. Mark brainliest if this answer helped you
A characteristic of a process cost accounting system is: Group of answer choices It is used by a company manufacturing custom machinery. None of these is correct. Work in process inventory is restated in terms of equivalent production. Costs are accumulated by order.
There are different aspect of process cost accounting. A characteristic of a process cost accounting system is Costs are accumulated by order.
Process costing is known to be a common accounting methodology. It helps one to evaluate or finds out and accumulates direct costs, and gives indirect costs of a manufacturing process.
This system is commonly used to give the cost to departments or processes particularly. It consist of all the allocation of direct material, labor, and other overheads.
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Determining how much money to keep in cash and how much to invest in other options is called O A. mutual funding O B. capital formation C. asset allocation O D. diversification
what is organization?
Answer:
An Organization or Organisation is entity such as a company, An institution or an association, Comprising one or more people and having a particular purpose. The word is derived from the a Greek word Organon, Which means tool or instrument, Musical instrument and organ....
...............................Compare and contrast the strategic planning process in public and non-profit organisations.
A public organization is one which focus on services to the public including public authority, state agency etc
A non-profit organization is one which focuses on a social cause (like religion, research, education) and not driven by profit.
In comparison, both the public and non-profit organisations uses the strategic plan to establish goals as well as to review operations.In contrast, the strategic planning in public and non-profit organisations is different because public organization is guided by government directives whereas the non-profit organization is guided by their mission and purpose.Read more about organization
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Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return on its investments.
Alternative 1: Keep the old machine and have it overhauled. This requires an initial investment of $150,000 and results in $50,000 of net cash flows in each of the next five years. After five years, it can be sold for a $15,000 salvage value.
Cost of old machine $111,000
Cost of overhaul 158,000
Annual expected revenues generated 106,000
Annual cash operating costs after overhaul 43,000
Salvage value of old machine in 5 years 16,000
Alternative 2: Sell the old machine for $29,000 and buy a new one. The new machine requires an initial investment of $300,000 and can be sold for a $20,000 salvage value in five years. It would yield cost savings and higher sales, resulting in net cash flows of $65,000 in each of the next five years.
Cost of new machine $291,000
Salvage value of old machine now 34,000
Annual expected revenues generated 94,000
Annual cash operating costs 22,000
Salvage value of new machine in 5 years 15,000
Required:
1. Determine the net present value of alternative 1.
2. Determine the net present value of alternative 2.
3. Which alternative should management select based on net present value?
1. The net present value of Alternative 1 is $90,755.
2. The net present value of Alternative 2 is $14,355 with the sale proceeds of the old machine.
3. Based on the net present value, Interstate Manufacturing should overhaul the old machine instead of replacing it with the new one.
Data and Calculations:
Required rate of return = 10%
Alternative 1 Alternative 2
Cost of old machine $111,000 ($29,000)
Cost of overhaul 158,000 $300,000
Expected annual revenues 106,000 94,000
Expected annual operating costs 43,000 22,000
Net cash flows for 5 yrs 63,000 72,000
Salvage value after 5 yrs 16,000 20,000
PV annuity factor of 10% for 5 years = 3.7908
PV factor of 10% for 5 years = 0.6209
Alternative 1 Alternative 2
PV value of annual net cash flows 238,820 272,937
PV value of Salvage value 9,935 12,418
Present value of cash inflows $248,755 $285,355
Cost of overhaul/Investment (158,000) (300,000)
Proceeds from the sale of old machine 29,000
Net present value $90,755 $14,355
Thus, based solely on the net present values of alternatives 1 and 2, Interstate Manufacturing should overhaul the old machine (alternative 1) because it yields a greater net present value than alternative 2.
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Help help help please I need this done ASAP
It should be noted that cost-push inflation will bring about a scenario where the output level will reduce.
Your information is incomplete. Therefore, an overview of the topic will be given. Cost-push inflation simply means an inflation that occurs when the prices of goods increase as a result of the increase in the factors of production.
It should be noted that cost-push inflation will bring about a scenario where the output level will reduce. This implies that inflation accelerates due to a widening negative output gap.
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You sell used cars. The best car on your lot has 100,000 miles on it. How could you describe this car to a prospective buyer to make the purchase more attractive
What are your goals that you want to achieve in 5 years?
Answer:
Consider Why the Job Interests You
Research the Business
Don't Worry If You Don't Know What Kind of Career You Want to Pursue
Be Enthusiastic
Be Realistic
Explanation:
Brand equity is…………………?
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
Do anybody know how to do the mega mogul project on knowledge matters ? Make over 30 million dollars pls help
Based on the business management analysis, to do the mega mogul project on knowledge matters requires following specific steps, which begin with "detecting the opportunity."
What is the Mega Mogul Project?Mega Mogul Project is a business project whereby individual starts with one location and continue to grow and expand their entrepreneurial conglomerate to numerous businesses and several locations.
Some other steps to take when conducting a mega mogul project on knowledge matters are:Market ResearchCreating a Business PlanRaising Money & FinancialsBuilding a TeamAcquiring ResourcesGoing to Market Operations & FeedbackShark ProjectBusiness Plan ProjectMega-Mogul Project.Hence, in this case, it is concluded that various steps are involved when carrying out a mega mogul project on knowledge matters.
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A key tool used for problem statement maturing (usually in conjunction with the customer is)
A design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.
Design thinking refers to a process which aims to solving problems by prioritizing the consumer's needs above all else.
The main benefit of the process is that its helps firm to identify, understand and address the need or problems of the businesses and their customer.In conclusion, the design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.
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ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,370 checks with an average value of $880 each. The daily interest rate on Treasury bills is 0.01 percent. The bank charge per check would be $.25. What is the net present value of this lockbox arrangement
The net present value of this lockbox arrangement is $1,205,378.06.
Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:
((1370 x 880) x 1.0001) - (1370 x 0.25) = X 1,205,720.56 - 342.5 = X 1,205,378.06 = X
Therefore, the net present value of this lockbox arrangement is $1,205,378.06.
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Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
By using the relocation transition curve, you need to write an essay to make your own analysis and explain how you adapted to the new living and working environment.
Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.
From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.
Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.
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Consider a favorite product or service of yours. What is it you value, and what matters most? Can you develop clear requirements from this? And Categorize your requirements revealed through the value you perceive into ‘Basic Quality’, ‘Spoken Performance’, and ‘Excitement Quality’ features, 2-2) And Taking your example from questions 1 put yourself in the place of the supplier; how might you access customer requirements such as the ones you noted?
Based on the information given, a favorite product of mine will be a mobile phone and it provides me with several values.
The values that can be gotten from the mobile phones will be:
I can make calls and send text messages.I can manage professional meetings and emails.I can make purchases on online stores. I can capture photos and videos.Also, the most important feature of the mobile phone that I like is the camera and its connectivity.
Lastly, the requirements that I like in a phone include camera features, clarity of calls and ease of access.
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$1,000 par value zero coupon bonds, ignore liquidity premiums Bond Years to maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3 7.99% D 4 8.49% E 5 10.70% The expected one-year interest rate three years from now should be about _________. 8.00% 7.00 % 9.00% 10.00%
The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
William buys land for $40,000 cash. Ten years later, when the land has dropped in value to $30,000, William sells it to his wife Susan at its fair market value, $30,000. What are the income tax consequences to William of the sale to his wife
The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Realized loss = Purchase cost - Sales cost
Realized loss = $40,000 - $30,000
Realized loss = $10,000
Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Therefore, the Option A is correct.
Missing options includes "William realizes and recognizes loss in the amount of $10,000. William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."
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If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then _____.
If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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Which of the following marketing messages are consumers most likely to trust?
A. A TV commercial
B. An article about the company in a city newspaper
C. An Internet advertisement
D. A phone conversation with an employee of the company
Please select the best answer from the choices provided
Ο Α
B
ОООО
OD
Answer:
as a consumer myself, I would most likely trust an article about the company in the city newspaper or a conversation with an employee
Explanation:
xyz company's cost function for the next four months is c=500000+5q then
a) find the be dollar volume of sales if the selling price is br. 6/unit
b) what would be the company's cost if it decides to shutdown operations for the next four months
Answer:
Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.
Ann got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 25 year Fully Amortizing FRM at an annual interest rate of 6% compounded monthly, with monthly payments. Refinancing will cost Ann 1 point and $1, 500 in closing costs.If Ann refinances into this loan and makes payments for 25 years, what will be her annualized IRR from refinancing?
Based on the information given what will be her annualized IRR from refinancing is 64.799%.
First step is to calculate the PMT
PMT=PV× rate/[1-(1+rate)^time
PMT=$1,000,000×0.07/12÷[1-(1+0.07/12)^30×12
PMT=$1,000,000×0.07/12÷[1-(1+0.07/12)^360
PMT=$1,000,000×0.005833333÷[1-(1+0.005833333)^360
PMT=$5,833.333÷[1-(1.005833333)^360
PMT=$6,653.02
Second step is to calculate the present value (PV) after 5 years
PV=PMT×[1-(1+rate)^time/rate
PV=$6,653.02×1-(1+0.07/12)^25×12÷0.07/12
PV=$6,653.02×1-(1+0.07/12)^300÷0.07/12
PV=$6,653.02×1-(1+0.005833333)^300÷0.005833333
PV=$6,653.02×1-(1.005833333)^300÷0.005833333
PV=$941,315.20
Third step is to compute PMT for refinancing when rate is 6%
PMT=PV× rate/[1-(+rate)^time
PMT=$941,315.20×0.06/12÷[1-(1+0.06/12)^360
PMT=$941,315.20×0.005÷[1-(1+0.005)^360
PMT=$4,706.576÷[1-(1.005)^360
PMT=$6,063.72
Third step is to calculate the monthly savings
Monthly savings=$6,653.02-$6,063.72
Monthly savings=$589.30
Fourth step is to calculate the Cost of refinancing
Cost of refinancing=1%×$941,315.20+$1,500
Cost of refinancing=$9,413.152+$1,500
Cost of refinancing=$10,913.152
Fifth step is to calculate the IRR
PMT savings=Cost of refinancing ×IRR÷[1-(1+IRR)^time
$589.30=$10,913.152×IRR÷[1(1+IRR)^300
Monthly IRR=5.3999%
Annualized IRR=5.3999%×12 months
Annualized IRR=64.799%
Inconclusion what will be her annualized IRR from refinancing is 64.799%.
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Brown Co. had current assets of $15,000, total assets of $30,000 and current liabilities of $9,000 at the end of the year. The current ratio for the period is:
Based on the information given the current ratio for the period is: 1.67.
Using this formula
Current ratio=Current Assets/Current Liabilities
Where:
Current Assets=$15,000
Current Liabilities=$9,000
Let plug in the formula
Current ratio=$15,000/$9,000
Current ratio=1.666
Current ratio=1.67(Approximately)
Inconclusion the current ratio for the period is: 1.67.
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In 2015 Paul Gauguin's painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer.
Answer:
Answer: The original painting is valuable because there is demand tor it in the market The demand is derived demand because the buyer wants to show his status in the society, and it could only be possible by associating with it. He is also the ones
Because there is a market for it, the original painting is valuable. The buyer wants to demonstrate his social standing, which drives demand.
What is Law of demand ?According to the law of demand, the quantity bought varies inversely with price. In other words, if the price increases the demanded quantity decreases.
He is also the person who paid the most to reserve the painting. The individual who values it the highest will get it if there is only a limited supply on the market. Some people strongly prefer the original picture and would not pay for it even though there are duplicates on the market.
The demand will then increase significantly. The original picture is represented by the demand curve in the aforementioned graph. when there is only one surviving original master work At equilibrium, the market's price is high.
Hence the original painting's demand is high and quantity is less, that's why it is sold for $300 million.
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