You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three​ suppliers: Thailand Polishing​, India Shine​, and Sacramento Glow. Thailand Polishing has submitted a bid of 2,400 baht. India Shine has submitted a bid of 2,400 rupee. Sacramento Glow has submitted a bid of $240. You check with your local bank and find that​ $1 = 10 baht and​ $1 = 8 rupee. The price per unit for Thailand Polishing=​_______

Answers

Answer 1

Answer:

the price per unit is $1.20

Explanation:

The computation of the price per unit for Thailand Polishing is shown below:

= 2,400 ÷ 200 polished disks

= 12 bhat/unit

Given that

$1 = 10

So, 12 baht it is

= 1 ÷ 10 × 12 baht

= $1.2

Hence, the price per unit is $1.20

The same should be considered


Related Questions

Based on recent statistics, which of the following individuals would have the lowest probability of being unemployed?
a. a 45-year-old white male.
b. a 50-year-old white female.
c. a 32-year-old African American female.
d. a 19-year-old African American male.
e. a 17-year-old white female.

Answers

Answer:

a. a 45-year-old white male.

Explanation:

Middle aged white males have the lowest unemployment rate in the United States. Employment ratios for white and asian men are approximately the same,  72.8%, which is higher than any other demographic group. Besides the normal prejudices that exist in society, these two groups also have the highest average education level (i.e. more college years)

Haier has achieved great success in becoming a global leader in the appliance industry and is doing so with these beneficial strategies.

a. True
b. False

Answers

Answer:

a. True

Explanation:

It is correct to say that a company like Haier, which has become a global leader in the household appliance industry segment, has developed a beneficial strategy for success, as entering a global market can be a great challenge for companies, as it requires business, product and services of the company to the local market that includes cultural and social differentiation in the preferences for products and services. So it is correct to say that the company has adopted a beneficial global strategy that gives it significant advantages such as market positioning, cost reduction, greater competitive capacity, greater brand value, increased profitability, etc.

Pick an organization (public or private) and then choose a particular type of COI that is associated with this type of organization. Sustainability-related COIs are especially encouraged.Locate and describe any laws that are designed to discourage or prevent this type of COI in your country. If there are no laws particular to the type of COI you chose, discuss why this is the case.Locate examples of organizational policies used to also discourage the particular COI and discuss how the main features of the policy around the particular COI.Discuss ways that managers can use both policy and the existing laws in your home country to discourage employees seeking their own interests over that of the employer.In your estimation, do laws and policies help promote ethical behavior? Do you feel that the laws, as they are currently, are sufficient and effective?Finally, suggest ways that the laws and/or policies could be improved to both motivate employees to pursue the interests of their employers, as well as to minimize the costs of employers complying with or enforcing the laws.Written Assignment RequirementsSubmit a written paper which is 3-4 pages in length exclusive of the reference page. The paper should cite sources to support your ideas. Be sure to review the assessment criteria below before beginning your paper. Cite any reference(s) you use in the preparation of your essay using proper APA format. Refer to the UoPeople APA Tutorials in the LRC for help with APA citations.Written Assignment Peer AssessmentIn the unit following the submission of your written assignment, you will peer assess three (3) of your classmates’ assignments according to the instructions found in the Assessment Form. During this peer assessment period, you are expected to provide details in the feedback section of the Assessment Form, indicating why you awarded the grade that you did to your peer. The written assignment grade is comprised of a combination of your submission (90%) and your peer assessments (10%).Written Assignment Peer Assessment RubricFor this assignment, your peers will be evaluating your work with the following criteria.An organization is chosen and a particular conflict of interest is identified.Laws pertaining to the particular COI have been located and described. If no laws are described, reasons are provided.Organizational policies pertaining to the COI are discussed, particularly the main features of the policy.Ways that managers can use both policy and the existing laws in your home country to discourage employees seeking their own interests over that of the employer are discussed.The paper addresses the questions: do laws and policies help promote ethical behavior? Do you feel that the laws, as they are currently, are sufficient and effective?The paper suggests ways that the laws and/or policies could be improved to both motivate employees to pursue the interests of their employers, as well as to minimize the costs of employers complying with or enforcing the laws.Writing Organization and Clarity - the ideas are arranged logically to support the purpose or argument. Ideas presented flow smoothly from one to another and are clearly linked to each other. Writing is clear and it is of high-quality.Written Assignment conforms to the structural requirements including APA style guidelines for references.

Answers

Answer:

The akatsuki

Explanation:

Bakers are much ___________ likely to supply pastries to the market if property rights are not enforced. In the presence of market failures, public policy can improve economic efficiency. Classify the source of market failure in each case listed.

a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream.
b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity.

Answers

Answer: more; externality; market power.

Explanation:

Bakers are much (more) likely to supply pastries to the market if property rights are not enforced.

a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - Externality

Externality, refers to the benefit s or costs that someone else incurs based on the economic decision of another person. In this case, this is a negative externality as the small town bears the cost of the production activities of the company.

b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity - Market power

Market power is when a firm is able to dictate the price and can then raise the price. This brings about the reduction in output as well. Since the single public utilities company is responsible for supplying electricity for an entire state, the company is enjoying monopoly power or market power.

The following payroll journal entries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security rate is 6.0% and the Medicare rate is 1.5%. The state and federal unemployment tax rates are 5.4% and 0.8%, respectively. The company offers 401k plans to employees. Review the journal entries, then answer the questions that follow.GENERAL JOURNALACCOUNTING EQUATIONDATE ACCOUNT POST. DEBIT CREDIT ASSETS LIABILITIES EQUITY TITLE REF.Oct. 15 Salaries Expense 647,800.00 ? Wages Expense 172,200.0 ? Social Security Tax Payable 49,200.00 ? Medicare Tax Payable 12,300.00 ? Employees Federal Income Tax Payable 147,600.00 ? Medical Insurance Payable 90,200.00 ? Retirement Contributions Payable 123,000.00 ? Salaries Payable 397,700.00 ? 15 Payroll Tax Expense 62,864.00 ? Social Security Tax Payable 49,200.00 ? Medicare Tax Payable 12,300.00 ?Federal Unemployment Tax Payable 176.00 ?State Unemployment Tax Payable 1,188.00 ?In order to confirm the previous clerk’s payroll calculations, you have been asked to supply the following amounts based on your review of the payroll entries. These amounts will be checked against the company records and investigated further if necessary.1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll.2. What is the total payroll for Copperfield and Company shown in these journal entries?3. What is Copperfield and Company’s share of FICA taxes in this payroll?

Answers

Answer:

1. We have:

Payroll subject to the federal unemployment taxes = $22,000

Payroll subject to the state unemployment taxes = $22,000

2. Total payroll = $820,000

3. FICA taxes in payroll = $61,500

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll.

Payroll subject to the federal unemployment taxes = Federal unemployment tax payable / Federal unemployment tax rates = 176 / 0.8% = $22,000

Payroll subject to the state unemployment taxes = State unemployment tax payable / State unemployment tax rates = 1,188 / 5.4% = $22,000

2. What is the total payroll for Copperfield and Company shown in these journal entries?

Total payroll = Salaries Expense + Wages Expense = 647,800 + $172,200 = $820,000

3. What is Copperfield and Company’s share of FICA taxes in this payroll?

FICA taxes in payroll = Social security tax payable + Medical tax payable = $49,200 + 12,300 = $61,500

Explain the four basic costs curves​

Answers

Answer:

The output is represented along OX and cost along OY; AFC curve represents average fixed cost. AVC curve represents average variable cost, ATC curve represents average total cost (i.e., total of AFC and AVC and is called AC, i.e., average cost). MC curve represents marginal cost

Explanation:

•|ᴥ jess ᴥ|•

#keep learning

Your grandparents put $10,200 into an account so that you would have spending money in college. You put the money into an account that will earn an APR of 4.19 percent compounded monthly. If you expect that you will be in college for 4 years, how much can you withdraw each month?

Answers

Answer:

Monthly withdrawal = $ 231.17 per month

Explanation:

Below is the calculation:

Deposit amount in the bank = $10200

Interest rate earned by the deposit = 4.19%

Monthly interest rate = 4.19% / 12 = 0.34917%

Number of periods = 4 years x 12 = 48

Amount in the account = Monthly withdrawal x (P/A, 0.34917%, 48)

10200 = Monthly withdrawal x 44.12246

Monthly withdrawal = 10200/44.12246

Monthly withdrawal = $ 231.17 per month

Assume you are completing a swot analysis for CVS. Amazon's entrance into the healthcare business would fall under which part of the analysis?

Multiple choice
threats
accelerants
weakness
opportunities
strengths

Answers

The answer is threat and Chegg says that as well

SWOT is a technique for assessing an organization Strengths, Weaknesses, Opportunities, and Threat in market while competing with other organization.

CVS is an American retail corporation who specializes in sales of prescribed drugs, beauty products, cosmetic and so on.

Amazon is an online retail store as well but with little affiliation with sales of drugs and other healthcare service.

Now, if Amazon's enters into the healthcare business, this will definitely be a threat for CVS pharmacy as if will affect their sales because Amazon have a wide market.

In conclusion, the part of the SWOT Analysis that must be performed by CVS because of entry of Amazon into the healthcare market is the Threat Analysis. The threat analysis helps an organisation to access threat which the competitors poses to its existence.

Learn more about SWOT Analysis here

brainly.com/question/18068310

A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year useful life and a $50,000 salvage value. Use a spreadsheet function to compute the MACRS depreciation schedule. Show the depreciation taken (=sum ()) as well as the PW of the depreciation charges discounted at the MARR%. If money is worth 10%m which one of the following three methods of depreciation would be preferable? (a) Straight line method), (b) double declining balance method, (c) MACRS method.

Answers

Answer:

Earthmoving Equipment Company

The preferable method of depreciation based on the Present Worth is:

(a) Straight line method

Explanation:

a) Data and Calculations:

Cost of equipment = $150,000

Estimated useful life = 5 years

Salvage value = $50,000

Depreciable amount = $100,000 ($150,000 - $50,000)

Annual Depreciation:

Straight-line method = $20,000 ($100,000/5)

Double-declining-balance method rate = 40% (100%/5 * 2)

Depreciation Schedules:

a) Straight line method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000     $20,000             $20,000             $130,000

Year 2 $150,000     $20,000             $40,000              $110,000

Year 3 $150,000     $20,000             $60,000              $90,000

Year 4 $150,000     $20,000             $80,000              $70,000

Year 5 $150,000     $20,000           $100,000              $50,000

b) double declining balance method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000    $60,000            $60,000              $90,000

Year 2 $150,000      36,000              96,000                 54,000

Year 3 $150,000       4,000              100,000                 50,000

Year 4 $150,000

Year 5 $150,000

c) MACRS method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000    $30,000             $30,000              $120,000

Year 2 $150,000      48,000                78,000                  72,000

Year 3 $150,000      28,800              106,800                  43,200

Year 4 $150,000       17,280              124,080                  25,920

Year 5 $150,000      17,280                141,360                    8,640

Year 6 $150,000       8,640               150,000                    0

Discount rate (MARR) = 10%

PW of Straight-line Depreciation Charges:

PV annual factor = 3.791

PW = $75,820 ($20,000 * 3.791)

PW of Double-declining-balance:

Year 1 = $54,540 ($60,000 * .909)

Year 2 = $29,736 ($36,000 * .826)

Year 3 = $3,004 ($4,000 * .751)

PW =    $87,280

PW of MACRS:

Year 1 = $27,200 ($30,000 * .909)

Year 2 = $39,648 ($48,000 * .826)

Year 3 = $21,629 ($28,800 * .751)

Year 4 = $11,802 ($17,280 * .683)

Year 5 = $10,731 ($17,280 * .621)

Year 6 = $4,873 ($8,640 * .564)

PW =   $115,883

The Murdock Corporation reported the following balance sheet data for 2021 and 2020:
2021 2020
Cash $97,355 $33,755
Available-for-sale debt securities (not cash equivalents) 24,500 103,000
Accounts receivable 98,000 84,450
Inventory 183,000 161,200
Prepaid insurance 3,120 3,800
Land, buildings, and equipment 1,286,000 1,143,000
Accumulated depreciation (628,000) (590,000)
Total assets $1,063,975 $939,205
Accounts payable $92,540 $166,670
Salaries payable 27,200 33,500
Notes payable (current) 41,200 93,000
Bonds payable 218,000 0
Common stock 300,000 300,000
Retained earnings 385,035 346,035
Total liabilities and shareholders' equity $1,063,975 $939,205
Additional information for 2021:
(1) Sold available-for-sale debt securities costing $78,500 for $84,800.
(2) Equipment costing $20,000 with a book value of $6,800 was sold for $8,700.
(3) Issued 6% bonds payable at face value, $218,000.
(4) Purchased new equipment for $163,000 cash.
(5) Paid cash dividends of $29,000.
(6) Net income was $68,000.
Required:
Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities.

Answers

Answer:

The Murdock Corporation

Statement of Cash Flows

For the year ended December 31, 2016

Operating Activities:

Net income                                             $68,000

Less:

Gain from sale of available-for-sale          6,300

Gain from sale of equipment                     1,900

Operating cash                                     $59,800

Working capital changes:

Accounts receivable                              -13,550

Inventory                                                -21,800

Prepaid insurance                                       680

Accounts payable                                -$74,130

Salaries payable                                     -6,300

Notes payable (current)                       -51,800

Net operating cash flows                 ($107,100)

Investing Activities:

Sale of Available-for-sale securities $84,800

Sale of Equipment                                 8,700

Purchase of new equipment           -163,000

Net investing cash flows                ($69,500)

Financing Activities:

Issue of 6% bonds payable           $218,000

Payment of cash dividends             -29,000

Net financing cash flows              $189,000

Net cash flows                                $12,400

Explanation:

a) Data and Calculations:

                                                              2021            2020       Change

Cash                                                  $97,355       $33,755    +$63,600

Available-for-sale debt securities

(not cash equivalents)                      24,500        103,000      -78,500

Accounts receivable                          98,000         84,450      +13,550

Inventory                                           183,000        161,200      +21,800

Prepaid insurance                                3,120           3,800            -680

Land, buildings, and equipment 1,286,000      1,143,000    +143,000

Accumulated depreciation           (628,000)    (590,000)

Total assets                               $1,063,975    $939,205    

Accounts payable                         $92,540     $166,670      -$74,130

Salaries payable                              27,200        33,500         -6,300

Notes payable (current)                   41,200       93,000        -51,800

Bonds payable                               218,000                 0     +218,000

Common stock                             300,000    300,000            0

Retained earnings                        385,035    346,035

Total liabilities and

 shareholders' equity             $1,063,975  $939,205

Additional Data:

1. Sale of Available-for-sale securities $84,800

Gain from sale of available-for-sale $6,300

2. Sale of Equipment $8,700

Gain from sale of equipment $1,900

3. Issue of 6% bonds payable $218,000

4. Purchase of new equipment $163,000

5. Payment of cash dividends $29,000

6. Net income $68,000

Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $996,000 of 15-year, 9% callable bonds on May 1, 20Y5, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year.Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles.
Year 1
May 1 Issued the bonds for cash at their face amount.
Nov. 1 Paid the interest on the bonds.
Year 5
Nov. 1 Called the bond issue at 99, the rate provided in the bond indenture. (Omit entry for payment of interest.)
CHART OF ACCOUNTS
Mia Breen Corp.
General Ledger
ASSETS
110 Cash
111 Petty Cash
121 Accounts Receivable
122 Allowance for Doubtful Accounts
126 Interest Receivable
127 Notes Receivable
131 Merchandise Inventory
141 Office Supplies
142 Store Supplies
151 Prepaid Insurance
191 Land
192 Store Equipment
193 Accumulated Depreciation-Store Equipment
194 Office Equipment
195 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
221 Salaries Payable
231 Sales Tax Payable
232 Interest Payable
241 Notes Payable
251 Bonds Payable
252 Discount on Bonds Payable
253 Premium on Bonds Payable
EQUITY
311 Common Stock
312 Paid-In Capital in Excess of Par-Common Stock
315 Treasury Stock
321 Preferred Stock
322 Paid-In Capital in Excess of Par-Preferred Stock
331 Paid-In Capital from Sale of Treasury Stock
340 Retained Earnings
351 Cash Dividends
352 Stock Dividends
390 Income Summary
REVENUE
410 Sales
610 Interest Revenue
611 Gain on Redemption of Bonds
EXPENSES
510 Cost of Merchandise Sold
515 Credit Card Expense
516 Cash Short and Over
521 Sales Salaries Expense
522 Office Salaries Expense
531 Advertising Expense
532 Delivery Expense
533 Repairs Expense
534 Selling Expenses
535 Rent Expense
536 Insurance Expense
537 Office Supplies Expense
538 Store Supplies Expense
541 Bad Debt Expense
561 Depreciation Expense-Store Equipment
562 Depreciation Expense-Office Equipment
590 Miscellaneous Expense
710 Interest Expense
711 Loss on Redemption of Bonds

Answers

Answer:

Mia Breen Corp.

Journal Entries:

May 1: Debit 110 Cash $996,000

Credit 251 9% Callable Bonds Payable $996,000

To record the issuance of the 9% callable bonds for 15 years.

Nov. 1: Debit 710 Interest Expense $4,820

Credit 110 Cash $44,820

To record the payment of interest.

Year 5:

Nov. 1: Debit 251 9% Callable Bonds Payable $996,000

Credit Cash $986,040

Credit 711 Loss on Redemption of Bonds $9,960

To record the redemption of the bonds at 99 and the accruing gain.

Explanation:

a) Data and Calculations:

Face value of 9% callable bonds issued = $996,000

Price of the bonds = $996,000

Coupon interest rate = 9%

Maturity period = 15 years

Payment terms = semiannual on May 1 and November 1

Year 1:

May 1:

Cash payment = $44,820 ($996,000 * 4.5%)

Interest expense = $44,820

Analysis:

May 1: 110 Cash $996,000 251 9% Callable Bonds Payable $996,000

Nov. 1 710 Interest Expense $4,820 110 Cash $44,820

Year 5:

Nov. 1: 251 9% Callable Bonds Payable $996,000 Cash $986,040 711 Loss on Redemption of Bonds $9,960

Big Corporation receives management consulting services from its 95 percent owned subsidiary, Small Inc. For the year 20X8, Small billed Big $140,000. Small's labor cost and other associated costs for the employees providing services to Big totaled $121,000 in 20X8. Big reported $2,567,000 of income from its own separate operations for 20X8, and Small reported net income of $695,000.
Based on the preceding information, what amount of consolidated net income should be reported in 20X8?
a. $3,262,000
b. $4,050,000
c. $3,254,100
d. $3,122,000

Answers

Answer: a. $3,262,000

Explanation:

Consolidated income is simply the income that both companies got from their separate operations for the year because Small Inc is a subsidiary of Big Corporation so both incomes have to be added to find the total company income:

= 2,567,000 + 695,000

= $3,262,000

Select an organization and identify and evaluate the components of its Strategic Plan (i.e., Vision, Mission, Values, Core Competencies, Goals, Objectives, Action/Implementation Plan, Metrics, etc.) by answering the following questions:
• Does the plan convey an overall purpose and the desired results of the organization, and how to achieve those results?
• Does the Mission Statement clearly explain why the organization exists?• Does the Vision Statement describe where the organization is headed, what it intends to be, or how it wishes to be perceived in the future? Clear, concise, and memorable?• Based on the content of the plan, do you think the plan has adequately considered the strategic environment?
• Do the goals and objectives support the vision, mission, values, core competencies, etc.?
• Is the plan understandable?
• What are your other observations and reactions to the plan? What do you like? What could be improved?

Answers

Answer:

Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.

Explanation:

Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.

Mission statement clearly explains that Nestle exist to provide healthier living for individuals. The vision describes the present and future of the betterment of the health of individuals, the vision is clear concise and memorable.

Environment is going towards better health standards people want a healthier and better quality of life which is connected to Nestle's vision and mission.

The goals of Nestle is set in line with the original mission and vision of the organization .

Nestle is helping with fighting hunger, in the situation of global pandemic Nestle fed more than 8 million people. I think this was a great initiative and this can be further more expanded by regularly feeding those in need and not just during the pandemic.

A company is planning to purchase a machine that will cost $57,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine?
Sales $138,000
Costs:
Manufacturing $68,000
Depreciation on machine 9,500
Selling and administrative expenses 46,000 (123,500)
Income before taxes $14,500
Income tax (35%) 5,075
Net income $9,425
a. 6.00 years.
b. 1.99 year.
c. 6.05 years.
d. 12.10 years.
e. 3.01 years.

Answers

Answer:

e. 3.01 years

Explanation:

Cost of Asset = $57,000  

Net annual cash Inflow = Net Income after Tax + Depreciation

Net annual cash Inflow = $9,425 + $9,500

Net annual cash Inflow = $18,925

Payback Period = Cost of Asset (Investment) / Net annual cash Inflow

Payback Period = $57,000 / $18,925

Payback Period = 3.01188904

Payback Period = 3.01 years

The most recent financial statements for Summer Tyme, Inc., are shown here:
Income Statement Balance Sheet
Sales $3,700 Current assets $4,500 Current liabilities $960 Costs 2,400 Fixed assets 5,200 Long-term debt 3,620 Taxable income $1,300 Equity 5,120 Taxes (21%) 273 Total $9,700 Total $9,700 Net income $1,027
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent.
Required:
What is the external financing needed? (Do not round your intermediate calculations.)
EFN = needed new long-term debt and/or external equity

Answers

Answer:

External finance needed = $2,088

Explanation:

Note: See the attached excel file for the Calculation of ratios with respect to sales, Proforma Income Statement, Calculation of Retained Earnings and Equity, and Proforma Balance Sheet.

From the Proforma Balance Sheet in the attached excel file, we have:

Total Assets = $12,610

Total Liabilities = $10,448

Therefore, we have:

External finance needed = Total Assets - Total Liabilities = = $12,610 - $10,448 = $2,088

profession in medical are not practiced for money but for public welfare​

Answers

Answer:

That's true but some people do it for money

if a Doctor decrease his price than poor people can get a better health care for them it.

Explanation:

It has been said that a profession is not a trade and not an industry .

yeah

I’m sure different people do it for different reasons. Just like all professions. It does cost a lot of money to become a doctor. Some may practice for less money in the beginning to gain experience. Others may want to become a doctor for prestigious reasons. Each person would have their own reasons from their life experiences.

you are planning for your retirement and have decided the following: you will retire in 35 years and would like to have $8,000 per month as retirement income for 30 years of retirement. you have access to an account that earns a 7% rate of return. a. how much will you need to have when you retire to be able to withdraw the desired $8,000 per month during your years of retirement

Answers

Answer:

Amount needed to have in account = 99272

Explanation:

Below are the calculations:

Annual income after retirement, annuity = $8000

The time period or the retirement life = 30 years

The Interest rate earned by account = 7%

The amount in the account at the time of retirement = Annuity (P/A, r, n)

The amount in the account at the time of retirement = 8000 (P/A, 7%, 30)

The amount in the account at the time of retirement = 8000 x 12.409

The amount in the account at the time of retirement = 99272

why is Denel seen as a monopoly? discuss for 20

Answers

Answer:

Absence of the competition decreases production and that increases prices.

Explanation:

Hope this helps

On October 1st, a company borrowed $60,000 from Eighth National Bank on a 1-year, 7% note. If the company's fiscal year ends on December 31st, a year-end adjusting entry is required to increase:

Answers

Answer:

Interest payable $1,050

Explanation:

Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050

Interest payable $1,050

(7%*60,000*3/12)

(October 1st December 31st=3 months)

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.0 million in iTunes gift cards in November, and customers redeem $12.0 million of the gift cards in December.

Required:
a. Record the necessary entries.
b. Record the receipt of cash for gift cards.

Answers

Answer and Explanation:

The journal entries are given below:

a. Deferred revenue from gift cards $19,000,000  

           To sales revenue $19,000,000

(being the sales revenue is recorded)

b.

Cash $12,000,000

       To deferred revenue from gift cards $12,000,000

(Being the Receipt of cash from gift cards)

These two entries are to be recorded for the given situation  

The Assembly Department started the month with 24,800 units in its beginning work in process inventory. An additional 309,800 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 29,800 units completed and transferred to the next processing department during the month. How many units were in its ending work in process inventory? a. 314,800 b. 334,600 c. 304,800 d. 364,400

Answers

Answer:

c. 304,800

Explanation:

Calculation to determine How many units were in its ending work in process inventory

Using this formula

Ending work in process inventory Units= Beginning work in process inventory Units + Units started into production or transferred in - Units in ending work in process inventory

Let plug in the formula

Ending work in process inventory Units= 24,800 + 309,800 - 29,800

Ending work in process inventory Units = 304,800

Therefore How many units were in its ending work in process inventory is 304,800

Skip Company produces a product called Lem. The standard direct material cost to produce one unit of Lem is four quarts of raw material at $2.50 per quart. During May, 4,200 quarts of raw material were purchased at a cost of $10,080. All the purchased material was used to produce 1,000 units of Lem.

Required:
a. Compute the actual cost per quart and the material price variance for May 2013.
b. Assume the same facts except that Skip Company purchased 6,000 quarts of material at the previously calculated cost per quart, but used only 4,200 quarts. Compute the material price variance and material usage variance for May 2013, assuming that Skip identifies variances at the earliest possible time.
c. Prepare the journal entries to record the material price and usage variances calculated in (b).
d. Which managers at Skip Company would most likely assume responsibility for control of the variance computed in requirement (b)?

Answers

Answer:

TD Bank of America joined the coded by the

Financial statement data for Delicious Dishes, Inc. are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2020 and use your constructed statement to answer the following question

Advertising 384,000
Beginning of year inventory 1,243,000
Depreciation 350,000
End of year inventory 1,128,000
General and administrative expenses 1,184,000
Gross sales 28,242,000
Interest expense 150,000
Lease payments 148,000
Management salaries 4,253,000
Purchases 18,243,000
Research and development 324,000
Returns and allowances 564,000
Taxes 925,000

Required:
What was gross profit from income statement for the year ending December 31, 2020?

Answers

Answer:

Delicious Dishes, Inc.

The gross profit from income statement for the year ending December 31, 2020 is:

= $9,320,000.

Explanation:

a) Data and Calculations:

Advertising 384,000

Beginning of year inventory 1,243,000

Depreciation 350,000

End of year inventory 1,128,000

General and administrative expenses 1,184,000

Gross sales 28,242,000

Interest expense 150,000

Lease payments 148,000

Management salaries 4,253,000

Purchases 18,243,000

Research and development 324,000

Returns and allowances 564,000

Taxes 925,000

Depreciation 350,000

Delicious Dishes, Inc.

Income Statement for the year ending December 31, 2020

Gross sales                                              $28,242,000

Returns and allowances                                (564,000)

Net sales                                                  $27,678,000

Less Cost of Goods Sold:

Beginning of year inventory  1,243,000

Purchases                            18,243,000

End of year inventory           (1,128,000) $18,358,000

Gross profit                                               $9,320,000

Other Expenses:

Advertising                                            $384,000

General and administrative expenses 1,184,000  

Management salaries                         4,253,000

Research and development                  324,000

Interest expense                                    150,000

Lease payments                                     148,000

Total expenses                                        $6,443,000

Profit before taxes                                     2,877,000

Taxes                                                            925,000

Net income                                              $1,952,000

The real risk-free rate of interest, k*, is 4 percent, and it is expected to remain constant over time. Inflation is expected to be 2 percent per year for the next four years, after which time inflation is expected to remain at a constant rate of 5 percent per year. The maturity risk premium is 0% for securities with maturities of 1 year or less, 0.1% in year 2, and increases by 0.1% per year thereafter. What is the yield on a 10-year Treasury bond

Answers

Answer:

8.3%

Explanation:

Real risk - free rate of interest ( k* ) = 4%

Inflation for next four ( 4 ) years = 2% per year

Inflation rate after four years = 5%

maturity risk premium =  0.1 ( t - 1 )%

Determine Yield on a 10-year Treasury bond

t = bond's maturity

Yield = Real risk - free rate + maturity risk premium + inflation rate

Inflation rate for 10 years = ( 4  + 30 ) / 10  ) % = 3.4%

Yield = 4% + 0.1(10- 1)% + 3.4

         = 4% + 0.9% + 3.4%

         = 8.3%

Oltman Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year:
Direct materials $25,000
Direct labor $22,000
Advertising expense $15,000
Rent on factory building $13,500
Sales salaries $28,000
Depreciation on factory equipment $6,500
Indirect materials $10,000
Insurance on factory equipment $12,000
Oltman estimated that 40,000 direct labor-hours and 20,000 machine-hours would be worked during the year. The predetermined overhead rate per machine-hour will be:___________
a) $1.05 per machine hour
b) $1.00 per machine hour
c) $2.10 per machine hour
d) $1.60 per machine hour

Answers

Answer:

Predetermined manufacturing overhead rate= $2.1 per machine hour

Explanation:

First, we need to calculate the estimated total overhead:

Total estimated overhead= Rent on factory building + Depreciation on factory equipment + Indirect materials + Insurance on factory equipment

Total estimated overhead= 13,500 + 6,500 + 10,000 + 12,000

Total estimated overhead= $42,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 42,000 / 20,000

Predetermined manufacturing overhead rate= $2.1 per machine hour

Scarcity, opportunity cost, and marginal analysis Alex is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because his pool sessions are helping him swim more quickly, Alex plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Alex's plan illustrate that his wife's advice does not?
a. All costs are opportunity costs.
b. People usually exploit opportunities to make themselves better off.
c. Resources are scarce.
d. Many decisions are made on the margin.

Answers

Answer:

D

Explanation:

Marginal decisions involves considering the cost and benefit of taking a particular action. If the marginal benefit of taking a particular action exceeds the marginal cost, the activity should be undertaken

Clancy is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Clancy has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?

a. Maria has an incentive to spend more time on swimming than on biking or running.
b. People usually exploit opportunities to make themselves better off.
c. Maria can use lime most efficiently by spending the same amounts of time on swimming, biking, and running.
d. People face trade-offs

Answers

Answer:

d. People face trade-offs

Explanation:

Since maria has 20 hours training in a week and the training consist of swimming, biking and running also she is not able to do three at the same time so for approaching these 3 different time she will engaged i.e. she trade off the time between these three things.

So, she sacrifice some time for each kind of the activity therefore the correct option is d.

Suppose that the government imposes a new $1 per-unit tax on the (2pts) production of soft drinks. The result would be a(n)_________in the equilibrium price of soft drinks and a(n) _________in the equilibrium quantity of soft drinks.
a. decrease; increase
b. increase; decrease
c. decrease; decrease
d. increase; increase

Answers

Answer:

b. increase; decrease

Explanation:

In the case when the government impose the $1 per tax unit for the soft drinks production so it should increased the equilibrium price but at the same time it decreased the equibrium quantity as the price and the demand have an inverse relationship that represent the law of demand

So as per the given situation, the option b is correct

The price of Microsoft is $30 per share and that of Apple is $58 per share. The price of Microsoft increases to $39 per share after one year and to $42 after two years. Also, shares of Apple increase to $66 after one year and to $71 after two years. If your portfolio comprises 100 shares of each security, what is your portfolio return over year 1 and year 2? Assume no dividends are paid.
A) 19.32%, 7.62%
B) 28.01%, 8.38%
C) 23.18%, 11.43%
D) 22.22%, 13.71%

Answers

Answer: See explanation

Explanation:

The total portoflio value at the time of purchase will be:

= (100 × $30) + (100 × $58)

= $3000 + $5800

= $8800

Total Portoflio Value after 1 Year will be:

= (100 × $39) + (100 × $66)

= $3900 + $6600

= $10500

Total Portoflio Value after Year 2 will be:

= (100 × $42) + (100 × $71)

= $4200 + $7100

= $11300

Portfolio Return (Year 1) will now be:

= (10500 - 8800)/8800 × 100

= 1700/8800 × 100

= 19.32%

Portfolio Return (Year 2) will be:

= (11300 - 10500)/10500 × 100

= 800/10500 × 100

= 7.62%

On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $590 million. The fair value of Harman's identifiable tangible and intangible assets totaled $631 million, and the fair value of liabilities assumed by Pesky was $169 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2021. Management has provided the following information:

Fair value of Harman, Inc. $570 million
Fair value of Harman's net assets (excluding goodwill) 510 million
Book value of Harman's net assets (including goodwill) 594 million

Required:
a. Determine the amount of goodwill that resulted from the Harman acquisition.
b. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2021, if any.
c. If an impairment loss is required, prepare the journal entry to record the loss.

Answers

Answer:

Explanation:

Calculation of Goodwill -

$ in Million $ in Million

Consideration given $ 590

Less: F.V of Harman's net assets

Assets

631

Less: F.V of Liabilities

(169) (462)

Goodwill on acquisition $ 128

2. The impairment loss Pesky would recognize at the end of year 2021 is $ 68 million , since the book value of the net assets exceeds its fair value.

Calculation :-

$ in million $ in million

Goodwill 128

Less Implied value of goodwill

F.V of Harman's, Inc

570

F.V of Harman's net assets (excluding Goodwill)

(510) (60)

Impairment Loss $ 68

3. Journal entry to record loss:

Dr Cr

Loss on impairment of goodwill Dr $ 68 million

Goodwill

$ 68 million

(To record the impairment loss

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