Answer:
On-the-job training is required to become a landscaping and groundskeeping worker. Landscape architects, however, need a bachelor's or master's degree, and landscape designers are required to have at least an associate's degree to prepare for their careers. Licensing and certification requirements vary by career and state.
Explanation:
There are no formal requirements to be a landscaper, but most employers will expect you to have some horticulture knowledge and experience.
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 25,000 Completed and transferred to Finished Goods ? Materials 157,080 Direct labor 99,500 Overhead 117,000 June 30 balance ? The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and $11,980 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 36,500 units were started into production. The June 30 work in process inventory consisted of 9,600 units that were 100% complete with respect to materials and 50% complete with respect to conversion. g
Answer:
beginning WIP 4,000 units:
materials $13,020 (100% complete)
conversion $11,980 (60% complete)
35,000 units started into production
ending WIP = 9,600 units
materials 100% complete ⇒ EU = 9,600
conversion 50% complete ⇒ EU = 4,800
costs added during June:
materials $157,080
conversion $99,500 + $117,000 = $216,500
units transferred out = 35,000 + 4,000 - 9,600 = 29,400 units
EU production:
materials = 39,000
conversion = 29,400 + 4,800 = 34,200
total costs:
materials = $13,020 + $157,080 = $170,100
conversion = $11,980 + $216,500 = $228,480
cost per equivalent unit:
EU for materials = $170,100 / 39,000 = $4.3615
EU for conversion = $228,480 / 34,200 = $6.6807
total costs assigned to finished units = (29,400 x $4.3615) + (29,400 x $6.6807) = $324,642
total costs assigned to ending WIP = (9,600 x $4.3615) + (4,800 x $6.6807) = $73,938
iRobot designs andmanufactures robots for consumer, commercial, and military use. For the fiscal year ended January 2, 2016, the company reported the following on its balance sheet and income statement(amounts in thousands):
Accounts receivable, net of allowance of $33 at January 2, 2016, and $67 at December 27,2014, of $104,679 and $71,056, respectively.
Revenue for fiscal 2015 (i.e., the year ended January 2, 2016) of $616,778.
Bad debt expense for fiscal 2015 of $0.
Required:
Compute the amount of cash collected from customers during fiscal 2015.
Answer:
iRobot
The amount of cash collected from customers during fiscal 2015 = $583,155.
Explanation:
a) Data and Calculations:
Allowance at January 2, 2016 = $33
Allowance at December 27, 2014 = $67
Accounts Receivable at January 2, 2016 = $104,679
Accounts Receivable at December 27, 2014 = $71,056
Revenue for 2015, year ended Jan 2, 2016 = $616,778
Bad debt expense for 2015 = $0
Computation of the Cash collected from customers during fiscal 2015:
Accounts Receivable
Dec. 27, 2014 Balance $71,056
2015 Revenue 616,778
Jan. 2, 2016 Balance (104,679)
2015 Cash $583,155
A transaction against a consumer's normal buying behavior can be used to do which
of the following?
A) Create promotional campaigns
B) Detect fraudulent credit card transactions
C) Group the customer into a different category
Answer: Detect fraudulent credit card transactions
Explanation:
Fraudulent credit card transactions can be detected by comparing a transaction to a consumer's usual buying habits. As a result, option B is the proper response.
How is abnormal buying behavior detected?The difficulty of discovering patterns in data that deviate considerably from expected behavior is addressed by anomaly detection.
The ability to detect such irregularities is critical in areas like credit card and bank transaction fraud, insurance claims, and money laundering.
Suspicious-looking patterns are learned by neural networks, which then use those patterns to detect them further.
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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions
Online Content Site 1
When doing career research online, you always want to make sure you are viewing a reliable source, what factors about the
website do you want to consider?
-Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
Answer:Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
Identify 3 channels through which positive and neutral messages travel in the digital era
Answer:
Multimedia based text based and viral ads
Explanation:I HOPE U GET RIGHT:)
Assume AuctionCo takes control of this used bicycle before the sale and pays $200 to the supplier. Under this assumption, how much revenue would AuctionCo recognize at the time of the sale to the customer?Assume AuctionCo never takes control of this used bicycle before the sale. Instead, the bicycle is shipped directly to the customer by the original bicycle owner, and then AuctionCo pays $200 to the supplier. Under this assumption, how much revenue would AuctionCo recognize at the time of the sale to the customer?Assume AuctionCo promises to pay $200 to the supplier regardless of whether the bicycle is sold, but the bicycle will continue to be shipped directly from the supplier to the customer. Under this assumption, how much revenue would AuctionCo recognize at the time of the sale to the customer?
Answer:
$300$100$300Explanation:
1. AuctionCo takes control of this used bicycle before the sale and pays $200 to the supplier.
Revenue will be the $300 that the bicycle was sold for because they took control.
2. AuctionCo never took control.
Revenue will be the amount they earned for being agents;
= Sales price - Cash to supplier
= 300 - 200
= $100
3. Assume AuctionCo promises to pay $200 to the supplier regardless of whether the bicycle is sold...
= $300
Revenue is $300 because Auction assumes control when they promise to pay $200 regardless.
What is the present value of $150,000 to be received 10 years from today if the discount rate is 11 percent
Answer:
The answer is $52,827.67, give me brainliest answer:)
Aspen Company estimates its manufacturing overhead to be $625,000 and its direct labor costs to be $500,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $195,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $325,000. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $130,000. Actual manufacturing overhead for year 2 was $800,000. Manufacturing overhead is applied on the basis of direct labor costs. Required: a. How much overhead was applied to each job in year 2? b. What was the over- or underapplied manufacturing overhead for year 2?
Answer:
Instructions are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 625,000/500,000
Predetermined manufacturing overhead rate= $1.25 per direct labor dollar
Now, we allocate overhead to each Job:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Job 2-1= 1.25*195,000= 243,750
Job 2-2= 1.25*325,000= 406,250
Job 2-3= 1.25*130,000= 162,500
Total allocated overhead= $812,500
Finally, the under/over allocation overhead:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 800,000 - 812,500
Under/over applied overhead= $12,500 overallocated
Manufacturing Over head over applied in job 2 and year 2 $12,500.
Overhead based problem:What information do we have?
Actual manufacturing overhead = $800,000
Applied overhead in job 2 year 1 = $195000 × 125%
Applied overhead in job 2 year 1 = $243750
Applied overhead in job 2 year 2 = $325000 × 125%
Applied overhead in job 2 year 2 = $406250
Applied overhead in job 2 year 3 = $130000 × 125%
Applied overhead in job 2 year 3 = $162500
Total Applied overhead = $243750 + $406250 + $162500
Total Applied overhead = $812,500
Overhead over applied = $812,500 - $800,000
Overhead over applied = $12,500
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Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the common stock of an investee company on February 15, 2018. The investor determined the common stock of the investee has a readily determinable fair value. On December 31, 2018, the fair value of the 8% common stock investment is $272,000, and the investor company made made all of the appropriate adjustments in preparation of the annual financial statements. On March 1, 2019, the investor company acquires an additional 17% of common stock of the investee for $612,000, thereby increasing the investor's overall ownership interest to 25%.
Required a. Prepare the journal entries the investor company should record on March 1, 2019. Note: If a journal entry is not required, select "N/A" as your answers for the drop-down options and leave the Debit and Credit answers blank (zero).
Answer:
Date Account title and explanation Debit Credit
March 1 Equity investment $32,000
($612,000/17%)*8% - $256,000)
Unrealized holding gain $32,000
(To adjust the value of equity investment)
Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value
Assigning common fixed costs to segments impacts ______. Multiple choice question. neither segment margin nor total corporate profit segment margin only total corporate profit only both segment margin and total corporate profit
Both the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.
What is a Common Fixed cost?A common fixed cost refers to a fixed cost which supports the firm activities of the different business segments.
Usually, it is very hard to separate the common fixed cost from each segment or unit.
Hence, the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.
Therefore, the Option D is correct.
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a. She estimates that the per year cost to attend a local university in Texas including room and board is $26,346. She also assumes the costs of attendance will rise by 2.8% per year. How much is a 4-year degree going to cost Scarlett
The 4-year degree will cost Scarlett a total of $109,893.33.
How is the total cost determined?The total cost of Scarlett's university education can be determined using the future value formula or an online finance calculator as follows:
Data and Calculations:Cost of university education = $26,346
Annual increase in cost = 2.8%
Duration of study = 4 years
From an online finance calculator:
N (# of periods) = 4 years
I/Y (Increment per year) = 2.8%
PV (Present Value) = $0
Annual PMT (Periodic Payment) =$26,346
Results:
FV = $109,893.33
Sum of all periodic payments + $105,384.00
Total increment = $4,509.33
Thus, the 4-year degree will cost Scarlett a total of $109,893.33.
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Which of the following items is not a part of planning?
Select one:
a. Contingency plan
b. Strategic plan
c. Tactical plan
d. Operational plan
e. Objective plan
An objective plan is not a part of planning. Thus, option A is correct.
What is planning?Planning is the process of creating a specific plan that outlines how management will exercise control and what the overall objectives will be. In essence, it lays out the process for achieving the goal step by step.
The objective plan is the goal towards which the manager is taking all the steps in the planning process to achieve it. An objective plan is not a part of planning because it is the and result or the goal with is to be achieved.
The manager usually plan according to the goal or the objective that is being predicted. It does not comes under the planning or the planning category. The goal may be set by the manager or the higher level authority.
Therefore, option A is the correct option.
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Consider the 2-period household model that you have seen in class. Suppose the household wants to consume equal amounts in both periods. She earns $100 in the first period and $150 in the second period. The interest rate depends on whether she saves or borrows. The interest rate on saving is 1%, while the interest rate on borrowing is 10%. Required:
What is her optimal consumption?
The optimal consumption of the household based on the interest rate on borrowing given will. 124.87.
How to calculate optimal consumption?From the information given, the following can be gotten:
Y1 = 100
Y2 = 150
Interest rate on savings = 1%
Interest rate on borrowing = 10%
When she saves, the optimal consumption will be:
c1 + c2/1+r = Y1 + Y2/1+r
c1 + c1/1+0.01 = 100 + 150/1+0.01
(1.01 × c1) + c1/1.01 = (1.01 + 150)/1.01
2.01c1 = 251
c1 = 251/2.01
c1 = 124.87
Therefore, the optimal consumption is 124.87.
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Outline how a multinational food production company would process a food commodity from its rawest form in a developing
country to its finished state on store shelves in the United States or Europe.
Answer:
See below
Explanation:
A multinational company is a business organization that operates in more than one country. The company will have its headquarters in its domicile country and branches in separate countries. Businesses grow to multinationals to get closer to their target markets, avoid protection laws, and take advantage of lower production costs.
A multinational in the food industry may set up a factory in an African country where raw materials are readily available. This move will see it increase its production volumes at a lower cost. The company will establish branches in American and Europe, where its target market is located. It can operate retail stores in these regions to sells its products from the factory in Africa.
Which of the following is NOT a responsibility of a process owner? a. monitoring how a process performs b. ensuring operators within the process have the resources and training they need to succeed. c. comparing performance between both DMAIC and DMADV methodologies on an on-going basis during the project. d. understanding how the process fits into the overall business strategy
The answer choice which is not a responsibility of a process owner is c. comparing performance between both DMAIC and DMADV methodologies on an on-going basis during the project.
Who is a Process Owner?This refers to a person who is responsible for designing an effective process that makes use of technical resources and gives quality outcomes.
Hence, we can see that as a process owner, there are certain responsibilities which he has to do which include monitoring how a process performs, but he is NOT responsible for comparing performance between both DMAIC and DMADV methodologies on an on-going basis during the project.
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Product Tango has revenue of $195,200, variable cost of goods sold of $115,600, variable selling expenses of $33,000, and fixed costs of $58,300, creating an operating loss of $(11,700).
Required:
a. Prepare a differential analysis as of February 13 to determine if Product Tango should be continued or discontinued , assuming fixed costs are unaffected by the decision.
b. Determine if Product Tango should be continued
Answer:
a.
Differential analysis on whether to continue or discontinue Product Tango
Continue Discontinue
Sales $195,200 $0
Less Variable Costs :
Cost of Goods Sold ($115,600) $0
Selling Expenses ($33,000) $0
Less Fixed Costs :
Fixed Costs ($58,300) ($58,300)
Net Income/ (Loss) ($12,300) ($58,300)
b
Continue with Product Tango. Because it brings a contribution towards the Fixed Costs helping to achieve a smaller loss margin.
Explanation:
From the differential analysis, Fixed costs will remain the same whether the product is discontinued or not. This is because they are centrally controlled. Only the variable costs would change.
Management Accounting is a branch of Accounting information system responsible for the provision of information in support of managerial responsibilities. Explain with reference to empirical literature, how this is true
Answer:
Managerial accounting is the practice of analyzing and communicating financial data to managers, who use the information to make business decisions.
Explanation:
Which of the sentences below are correctly constructed? Check all that apply. However, you can make the necessary changes. Professional HR staff members now conduct individual benefits meetings and these meetings have reduced confusion during the annual benefits open-enrollment period. Advances in web interactivity have enabled design firms to more easily provide interactive portfolios; consequently, potential clients are able to view the firm’s work before making contact. When you can identify the company’s overall objectives. Executive positions in many fields require advanced degrees, but this is not always the case.
Answer:
- Advances in web interactivity have enabled design firms to more easily provide interactive portfolios; consequently, potential clients are able to view the firm’s work before making contact.
- Executive positions in many fields require advanced degrees, but this is not always the case.
Explanation:
The above sentences are correctly constructed as they are syntactically and phonologically appropriate. It employs appropriate punctuation marks like semicolon(;) and commas(,) to separate the introductory clauses and words which help in clarifying the meaning to the readers effectively. The use of conjunctions are also adequate. The other sentence are either incomplete as they convey an unaccomplished thought which requires a principal clause to accomplish it or employs incorrect vocabulary which jumbles up the meaning and confuses the reader.
3. What does the team think Wheat’s boss should do to address this problem?
Answer:
Привет, как ты?
самый умный я
All of the following distributions of stock dividends are taxable except: a. The shareholders have the choice to receive cash or other property instead of stock or stock rights. b. The distribution of common stock is made on a prorated basis on common stock outstanding. c. The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. d. The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders.
Answer:
d. The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders.
Explanation:
This is likely the answer to the question. There is no way preferred stock would be given to some common stock shareholders while common stock to other stock to others.
uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $530 per month plus $114 per job plus $16 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in October to be 25 jobs and 234 meals, but the actual activity was 20 jobs and 233 meals. The actual cost for catering supplies in October was $6,600. The catering supplies in the flexible budget for October would be closest to: A. $6,600 B. $5,699 C. $6,538 D. $7,124
Answer:C. $6,538
Explanation:
Cost Formulae = $530 + ($114 X No of Jobs) + ($16 X No. Of meals)
Budgeted Activity for October = 20 jobs , 233 Meals
The Catering Supplies in the flexible Budget would be for October becomes :
= $530 + ($114 X 20) + ($16 X 233)
= $530 + $2280 + $3,728
= $6,538
What knowledge or skill is most important for a front desk clerk? A. ability to handle a telephone exchange B. accounting skills C. communication skills D. knowledge of food production E. observation skills
Answer:
C. communication skills
Explanation:
A front desk clerk's primary duty is to welcome and offer guidance or assistance to guests. To make the guest happy, the clerk should have the following communication skills.
Speak articulately so listeners can understand.Understand spoken and written information.Write well so others can understandGood listenerRead and understand work-related materials.Jacques, who is age 45, has just resigned from his current job. He worked for Ace, which sponsors a cash balance plan and a standard 401(k) plan. Each of the plans uses the longest permitted vesting schedule and both plans are top heavy. He has a balance of $40,000 in the cash balance plan, has deferred $20,000 into the 401(k) plan and has employer matching contributions of $10,000. If he has been employed for three years, but only participating in the plans for the last two years, how much does he keep if he leaves today? a. $60,000 b. $20,000. c. $64,000 d. $30,000.
Answer: c. $64,000
Explanation:
Cash balance plans can be claimed if the employee has worked for the employer at least 3 years which means he gets to keep the $40,000.
He will also keep the deferred balance of $20,000.
For working 3 years he also gets to keep 40% of the employer's contribution.
= 40,000 + 20,000 + (10,000 * 40%)
= $64,000
For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use the midpoint method when applicable, and specify answers to one decimal place.
a. A 20% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for Product B.
b. Product C increases in price from $3 a pound to $4 a pound. This causes the quantity demanded for Product D to increase from 44 units to 85 units.
c. When the price of Product E decreases 9% , this causes its quantity demanded to increase by 14% and the quantity demanded for Product F to increase 12% .
Answer:
a. A 20% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for Product B.
cross price elasticity of demand = 0 / 0.2 = 0, unrelated products
b. Product C increases in price from $3 a pound to $4 a pound. This causes the quantity demanded for Product D to increase from 44 units to 85 units.
cross price elasticity of demand = 0.93 / 0.33 = 2.82, substitute products
c. When the price of Product E decreases 9% , this causes its quantity demanded to increase by 14% and the quantity demanded for Product F to increase 12% .
cross price elasticity of demand = 0.12 / -0.09 = -1.33, complement goods
Explanation:
cross price elasticity of demand = (Qx₂ - Qx₁) / [(Qx₂ + Qx₁)/2] / (Py₂ - Py₁) / [(Py₂ + Py₁)/2] /
cross price elasticity of demand = % change of Qx / % change of Py
cross price elasticity of demand > 0, substitute goods
cross price elasticity of demand < 0, complement goods
cross price elasticity of demand = 0, unrelated goods
Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new model of refrigerator made out of a synthetic material would sell well at a price of $260 per unit. Labor costs are estimated at $32 per unit and overhead costs would be $24 per unit. The major uncertainty is the price of the synthetic material. Mira Mesa is in negotiations with several suppliers for the material. Because of the risk associated with the new product, Mira Mesa will only proceed if the estimated return is at least 30 percent of the selling price.
Required:
What is the most Mira Mesa can pay for the synthetic material per unit (refrigerator) and meet its profitability goal?
Answer:
$126
Explanation:
We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.
Selling price per unit $260
Less
estimated return (260x30%) = ($78)
Labor costs ($32)
Overhead costs ($24)
Material $126
Amount Mira can pay for Synthetic material per unit is $126
Four fundamental factors affect the supply of, and demand for, investment capital, hence the -Select- of money. These factors are: production opportunities, time preferences for consumption, risk, and inflation. If the entire population was living at the subsistence level, time preferences for current consumption would be -Select- , savings would be -Select- , interest rates would be -Select- , and capital formation would be -Select- . Producers' expected returns on their business investments set a(n) -Select- limit on how much they can pay for savings, while consumers' time preferences for consumption establish how much consumption they are willing to delay, and, consequently, how much they will -Select- at different interest rates. In addition, -Select- risk and -Select- inflation lead to higher interest rates. Determine whether each of the statements below is true or false:
Incomplete question. The complete question reads;
Four fundamental factors affect the supply of, and demand for, investment capital, hence the____of money.These factors are: production opportunities, time preferences for consumption, risk, and inflation. If the entire population was living at the subsistence level, time preferences for current consumption would be ___, savings would be ____, interest rates would be ___, and capital formation would be _____.Producers' expected returns on their business investments set a(n) ____ limit on how much they can pay for savings, while consumers' time preferences for consumption establish how much consumption they are willing to delay, and, consequently, how much they will ....... at different interest rates. In addition, ___risk and____inflation lead to higher interest ratesAnswer:
costhigh, low, high, difficultupper, save, higher, higherExplanation:
After filling the blanks with the words above we can reach the conclusion that each statement is true. For example, if we consider the statement,
"Producers' expected returns on their business investments set a(n) upper limit on how much they can pay for savings," we would agree that because they want to make a profit the producers try to reduce cost by setting an upper limit of how much they can pay.
Complete the following as your Main Post: Imagine that you are a manager at a consumer products company. Your company is in negotiations for a merger. If and when the two companies merge, it seems probable that some jobs will be lost, but you have no idea how many or who will be gone. You have five subordinates. One is in the process of buying a house while undertaking a large debt. The second just received a relatively lucrative job offer and asked for your opinion as his mentor. You feel that knowing about the possibility of this merger is important to them in making these life choices. At the same time, you fear that once you let them know, everyone in the company will find out and the negotiations are not complete yet. You may end up losing some of your best employees, and the merger may not even happen. What do you do
Answer:
In this situation, the manager should still go on with the merger if that is the best financial choice for stockholders.
Managers main, and essential goal, is to run the company in a way that maximizes value to stockholders, so, if the merger achieves that, the manager should absolutely carry on with the merger even if some employees end up losing their jobs as a result.
However, this does not mean that the manager should not try to save as many jobs as possible.
Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo sponsors an ESOP in which Sydney is a participant and has been since the plan's inception 18 years ago. WillCo stock has increased significantly and Sydney is considering diversifying her WillCo stock in the ESOP. Which of following statements is correct? a. Sydney can diversify 25% of her WillCo stock. b. Sydney can diversify 50% of her WillCo stock. c. Sydney cannot diversify until three years prior to retirement. d. Sydney can diversify all of her WillCo stock because she has more than three years of service.
Answer: c. Sydney can diversify 50% of her WillCo stock.
Explanation:
Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.
Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.
Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.
XYZ Co. has 4,400 bonds with a price of $925, 15,000 shares of preferred stock with a price of $55, and 250,000 share of common stock with a selling price of $32. . Calculate the capital structure weights of bonds, preferred stock, and common stock, respectively. XYZ Co. has 4,400 bonds with a price of $925, 15,000 shares of preferred stock with a price of $55, and 250,000 share of common stock with a selling price of $32. . Calculate the capital structure weights of bonds, preferred stock, and common stock, respectively. 42.5%, 21.4%, 36.1% 31.6%, 6.4%, 62.0% 38.0%, 10.2%, 51.8% 52.4%, 8.6%, 39%
Answer:
31.6%, 6.4%, 62.0%
Explanation:
The computation of weighted of capital structure is shown below:
But before that first determined the total value
Total value of bonds is
= (4,400 × $925)
= $4,070,000
Total value of preferred stock is
= 15,000 × $55
= $825,000
ANd,
Total value of common stock is
= 250,000 × 32
= $8,000,000
Now
Total value is
= $4,070,000 + $825,000 + $8,000,000
= 12,895,000
Now weight of each of is
For Bonds is
= $4,070,000 ÷ $12,895,000
= 31.6%
For Preferred stock
= $825,000 ÷ $12,895,000
= 6.4%
And,
Common stock is
= $8,000,000 ÷ $12,895,000
= 62%
Millbridge Township provides a variety of summer recreation alternatives. You can belong to the town pool, play tennis, or play golf. Summer passes allowing residents to use these facilities are sold each year. Twenty-five percent of the season's passes that are purchased are golf passes, 35 percent are for tennis, and the rest are for the pool. The golf passes are $30, the tennis passes are $50, and the pool passes are $70. The cost of providing these services is mostly fixed, with a $3 variable cost per pass, regardless of type. The fixed cost of operating the summer recreation program is $250,000.
Required:
How many people must buy recreation passes for the town to break even?
5000 people must buy recreation passes for the town to break even.
What is break even?Break even is the point at which the profit made is 0, that is the cost of production is equal to the revenue.
Let x represent the total number of people, hence:
Total cost = 250000 + 3x
Number of golf pass = 25% of x = 0.25x
Number of tennis pass = 35% of x = 0.35x
Number of pool pass = (100% - 35% - 25%) of x = 0.4x
Total revenue = ($30 * 0.25x) + ($50 * 0.35x) + ($70 * 0.4x) = 53x
At breakeven:
Total cost = total revenue
53x = 250000 + 3x
x = 5000
5000 people must buy recreation passes for the town to break even.
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