Answer:
$38,000
Explanation:
What is the total amount of the costs listed above that are direct costs of the Brentwood Shoe Department?
Direct costs of the Shoe Department = Shoe Department cost of sales + Shoe Department sales commissions + Shoe Department manager's salary
Direct costs of the Shoe Department = $29,000 + $5,000 + $4,000
Direct costs of the Shoe Department = $38,000
So therefore, the total amount of the costs that are direct costs of the Brentwood Shoe Department is $38,000
What are some ways that businesses can implement internal accounting controls
Answer:
Segregation of Duties in the Cash Receipts Cycle.
Systems Access and Security.
Safeguarding Assets.
Approval Process.
Review Process.
Explanation:
The standard price and quantity of direct materials are separated because a.direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department b.standard prices are more difficult to estimate than standard quantities c.standard quantities change more frequently than standard prices d.GAAP and IFRS reporting requires separation
Answer:
a.direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department
Explanation:
In the case when the standard price and the quantity with respect to the direct material are distinct as the price of the direct material would be controlled by the purchasing department while on the other hand, the quantity would be controlled by the production department
Therefore as per the given situation, the correct option is a.
An example of a discretionary fixed cost would be: Group of answer choices Taxes on the factory. Depreciation on manufacturing equipment Factory Liability Insurance required by state law Research and development
Answer:
Research and development
Explanation:
Fixed cost is cost that does not vary with output. It is cost that is incurred regardless of the units of output produced
Discretionary fixed cost is cost that is incurred at the discretion of the management of a company.
A company can decide to undertake research and development or not to. So, it is an example of discretionary fixed cost
Bezos moved to Seattle, Washington because _________ and ______
a. no state taxes on retail purchases
b. of federal funding of his new project
c. it was near IBM
d. take advantage of the software talent
Answer:
a
Explanation:
a company has current ratio 2.7:1 and liquid ratio 1.8:1 Total liabilities are 22500 the find the value of current assets
Answer:
The value of current assets are 60,750.
Explanation:
This can be calculated using the current ratio formula as follows:
Current ratio = Current assets / Current liabilities .............. (1)
Where;
Current ratio = 2.7
Current assets = ?
Current liabilities = Total liabilities = 22500
Substituting the values into equation (1) and solve for Current assets, we have:
2.7 = Current assets / 22500
Current assets = 2.7 * 22500
Current assets = 60,750
Note:
It should be noted that in Accounting when no information is given about Non-current liabilities, it indicates that current liabilities are to Total liabilities .
A stock is expected to pay dividends of $1.20 per share in Year 1 and $1.35 per share in Year 2. After that, the dividend is expected to increase by 2.5% annually. What is the current value of the stock at a discount rate of 14.5%
Answer:
$10.8734
Explanation:
The computation of the current value of the stock is shown below:
D1 = $1.20
D2 = $1.35
D3 = 1.35 × 1.025 = 1.38375
g = 2.5% = 0.025
Now as we know that
P2 = D3 ÷ (r - g)
where,
Price in year 2 = P2 = $1.38375 ÷ (0.145 - 0.025)
= $11.53125
So Current Price is
= $1.20 ÷ 1.145 + $1.35 ÷ 1.145^2 + $11.53125 ÷ 1.145^2
= $10.8734
g you are considering buying a stock that will pay a dividend of 2.3 next year the dividend is expected to grow at 5.6 per year forever the interest rate 10.6% what is the price of this stock today
Answer:
the price of the stock today is $46
Explanation:
The computation of the price of the stock today is shown below;
= Expected dividend ÷ (required rate of return - growth rate)
= $2.3 ÷ (10.6% - 5.6%)
= $2.3 ÷ 0.05
= $46
hence, the price of the stock today is $46
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The market value of the Blackwell Corporation just declined by 5 percent. Analysts believe this decrease in value was caused by recent legislation passed by Congress. Which type of risk does this illustrate?
a. Diversifiable risk
b. Purchasing power risk
c. International risk
d. Poltical risk
e. Exchange rate risk
Answer:
Option d: Political risk
Explanation:
Political Risk is simply defined as likelihood of disruption of the operations of MNEs by political forces or events. It is termed as action of a government that limits firm value.
Governments intervene in subtler but just as costly ways today leading to:
- Tax and royalty increases
- Partial/Full nationalizations
- Breach of contract and others
The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on May 31 would be:
Answer:
$242,000
Explanation:
Calculation for what The budgeted accounts receivable balance on May 31 would be
Accounts Receivable
Debit side
April 320,000
May 300,000
Total $620,000
Credit side
April 96,000 (30% x 320,000)
April 192,000 (60% x 320,000)
May 90,000 (30% x 300,000)
Total=$378,000
The budgeted accounts receivable balance=$620,000-$378,000
The budgeted accounts receivable balance=$242,000
Therefore The budgeted accounts receivable balance on May 31 would be $242,000
Sierra Trading purchases a machine for $240,000. The machine has an estimated residual value of $80,000. The company expects the machine to produce eight million units. The machine is used to make 580,000 units during the current period. If the units-of-production method is used, the depreciation expense for this period is: Multiple Choice $11,600. $500,000. $17,400. $580,000.
Answer:
$11,600
Explanation:
depreciable value = historical cost - salvage value = $240,000 - $80,000 = $160,000
depreciation rate per unit = depreciable value / total units produced = $160,000 / 8,000,000 = $0.02 per unit produced
if 580,000 units were produced during the present period, depreciation expense = 580,000 x $0.02 = $11,600
life long floors is ecpected to pay and annual divident of $8 a share and plans on increasing future dividents by 4 percent annually. THe discount rate is 16 percent. What will be the value of this stock be 5 years from today
Answer:
$81.11
Explanation:
the formula used to calculate stock price is the dividend discount model:
P₀ = Div₁ / (Re - g)
in this case, we need to find P₅, so we need to determine Div₆ first.
Div₁ = $8
Div₂ = $8.32
Div₃ = $8.65
Div₄ = $9
Div₅ = $9.36
Div₆ = $9.73
P₅ = $9.73 / (16% - 4%) = $81.11
Torino Company has 2,600 shares of $20 par value, 5.5% cumulative and nonparticipating preferred stock and 26,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $2,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:
Answer:
$3,220
Explanation:
total preferred dividends per year = 2,600 x $20 x 5.5% = $2,860
if $2,500 were paid during year 1, $2,860 - $2,500 = $360 remain to be paid during year 2.
Before common dividends can be paid, the company must first pay $2,860 + $360 = $3,220 in cumulative preferred dividends
If the preferred dividends were not cumulative, then if they are not paid during one year, they will be lost. Only cumulative preferred dividends accumulate from one year to another (or for several years).
A company's income statement showed the following: net income, $132,000; depreciation expense, $39,000; and gain on sale of plant assets, $13,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,200; merchandise inventory increased $27,000; prepaid expenses increased $8,000; accounts payable increased $5,200. Calculate the net cash provided or used by operating activities.
Answer:
Net Cash provided (used by) operating activities $139,400
Explanation:
The computation of the net cash provided or used by the operating activities is as follows"
Cash flow from operating activities
Net Income $132,000
Adjustments:
Add Depreciation expense $39,000
Less: Gain on sale of plant assets ($13,000)
Add: Decreased in accounts receivables $11,200
LesS: Increase in inventory ($27,000)
Less: Increase in prepaid expense ($8,000)
Add: Increase in accounts payable $5,200
Net Cash provided (used by) operating activities $139,400
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually thereafter. Based on this information, how much should Jia's Fashions common stock sell for today if her required return is 10.5%?
Answer:
years late but here ya go (answer $59.16)
Explanation:
P0 = 2 * (1+0.2) / (1+0.105) + 2 * (1+0.2) * (1+0.12) / (1+0.105)^2 +
2*(1+0.2)*(1+0.12)^2 / (1+0.105)^3 +
[(2 * (1+0.2) * (1+0.12)^2 * (1+0.06) / (0.105-0.06)) / (1+0.105)^3 ]
P0 = $59.16
Which of the following is characteristic of a traditional economy?
0 They have a high standard of living.
0 Children tend to have the same job as their parents did.
0 Communities tend to be fast growing.
0 There are usually based on light industrial production.
Answer:
Children tend to have the same job as their parents did.
Explanation: hope this helps!
Journalize the following entries on the books of the borrower and creditor. (Assume a 360-day year is used for interest computations.) June 1 James Co. purchased merchandise on account from O'Leary Co., $90,000, terms n/30. The cost of merchandise sold was $54,000. 30 James Co. issued a 60-day, 5% note for $90,000 on account. Aug. 29 James Co. paid the amount due.
Answer:
James Co.
Journal Entries:
June 1:
Debit Inventory $90,000
Credit Accounts Payable (O'Leary Co.) $90,000
To record the purchase of merchandise on account, terms, n/30.
June 30:
Debit Accounts Payable (O'Leary Co.) $90,000
Credit Notes Payable (O'Leary Co.) $90,000
To record the issue of a 60-day, 5% note.
August 29:
Debit Notes Payable (O'Leary Co.) $90,000
Debit Interest on Notes $750
Credit Cash Account $90,750
To record the payment of the notes plus interest.
Explanation:
a) Data and Calculations:
Interest computations based on 360-day year
Interest on Notes = $750 ($90,000 * 5% * 60/360)
Inventory purchased on June 1 = $90,000
Interest on note = 5%
Payment of note = August 29
Pug Photoshop sold $2,900 in gift cards on a special promotion on October 15, 2021, and sold $4,350 in gift cards on another special promotion on November 15, 2021. Of the cards sold in October, $290 were redeemed in October, $725 in November, and $870 in December. Of the gift cards sold in November, $435 were redeemed in November and $1,015 were redeemed in December. Pug views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2021, Pug would show a deferred revenue account for the gift cards with a balance of: Multiple Choice $3,915. $2,900. $4,350. $0.
Answer:
the deferred revenue account is $2,900
Explanation:
The computation of the deferred revenue account is as follows;
= November sales - redemption of November and December month
= $4,350 - $435 - $1,015
= $2,900
Hence the deferred revenue account is $2,900
It could be come after applying the above formula
Therefore the correct option is 2nd
Early in the year, Marlon was in an automobile accident during the course of his employment. As a result of the physical injuries he sustained, he received the following payments during the year: Reimbursement of medical expenses Marlon paid by a medical insurance policy he purchased $10,000 Damage settlement to replace his lost salary 15,000 What is the amount that Marlon must include in gross income for the current year
Answer:
$0
Explanation:
It is good to state that the Settlements that are associated with physical injuries are non-taxable. With an exclusion of bodily or physical injury
So Reimbursement & medical expenses for medical coverage or insurance that was bought for S10000 - and the settlement for the replacement of his salary of $15000 will not be a part of the gross income.
Therefore the gross income for the year is zero dollars.
Answer = $0
Venture capital holding period returns (all stages) for the 20-year period ... (all stages) for the 10-year period ending in 2014, were approximately: a. 20% b. 15%
Answer:
C. 10%
Explanation:
The correct answer to the given question is : C 10%.
Venture Capital holding returns for 10 year period ending in 2014, was approximately 10%.
The Venture Capital holding returns for 20 year period ending in 2014, was approximately 20%.
Venture Capital holding returns for 10 year period ending in 2014, was approximately 10%.
The Venture Capital holding returns for 20 year period ending in 2014, was approximately 20%.
Find an example of a large project that took more than a year to complete, preferably one near where you live. Describe some of the planning work completed for the project as part of project time and cost management. Summarize your findings
The following information is for Tide Corporation:
($ thousands) 2017 2016
Net sales $801,810 $453,000
Cost of goods sold 392,887 134,088
Determine the 2016 and 2017 trend percents for net sales using 2016 as the base year.
Answer:
2016 trend for Net sales;
= 2016 net sales/ 2016 net sales * 100
= 453,000/453,000 * 100
= 100%
2017 trend percent for Net sales
= 2017 net sales / 2016 net sales * 100
= 801,810/453,000 * 100
= 177%
Hamilton International issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. If the issue price is $15 per share, what is the journal entry to record the share issue
Answer and Explanation:
The journal entry for issuance of the shares is as follows:
Cash Dr (5,000 × $15) $75,000
To Common stock(5,000 × $1) $5,000
To Additional paid in capital $70,000
(being the issuance of the shares is recorded)
Here the cash is debited as it increased the assets and credited the common stock and additional paid in capital as it increased the equity
What was the impact of "subprime" mortgages on the economy?
A.They increased defaults and caused large losses at financial institutions.
B.They initially reduced profits and sales of lenders.
C. They reduced interest rates.
Answer:
A.They increased defaults and caused large losses at financial institutions.
Explanation:
subprime mortgages were house loans issued to customer in the early 2000. These housing loan were designed for borrowers with impaired credit history or with no credit history at all. A majority of borrowers who benefited from subprime loans were those with low credit scores would not allow them to get a conventional mortgage.
Everything went well until the 2006 when house price began to drop. At the same period , there was a rise in interest rates in the market. Due to a decline in house price, borrowers could not use their home equity to finance other interests payments and other bills.
Soon, their homes were worth much less than their mortgage balances. They could not sell the house or get refinancing operation using home's equity. the high interest rates were making matters worse. Customers would soon start defaulting. In time, customers realized their homes were less than what they paid for. The customers went to financial institutions demanding a refund for insurance money. The decline in house prices and demand for insurance caused a financial crises brought the US.
Multiple Choice Question 68 On January 1, 2020, Bonita Industries issued $5400000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is
Answer and Explanation:
The journal entry is shown below:
Cash ($5,400,000 × 102%) $5,508,000
To Bonds Payable $5,400,000
To Premium on Bonds Payable $108,000
(To record the issuance of the bond payable)
In the above journal entry, the cash is debited as it increased the assets and credited the bond payable and premium on bond payable as it increased the liabilities
Which statements about scholarships are true? Select all that apply.
A student could receive a scholarship based on financial need.
Some scholarships require the student to pursue a specific field of study.
Scholarship money must be paid back after graduation.
Scholarships are considered gifts and do not need to be paid back.
All scholarships are based solely on academic achievement.
Answer:
A student could receive a scholarship based on financial need.
Some scholarships require the student to pursue a specific field of study.
Scholarships are considered gifts and do not need to be paid back.
Explanation:
Statements that are true about scholarships are
student could receive a scholarship based on financial needsome scholarships require the student to pursue a specific field of studyscholarships are considered gifts and do not need to be paid back.What is scholarships?An amount of money given by a school, college, university, or other organization to pay for the studies of a person with great ability but little finance."
Different types of scholarships are need based scholarships, merit based scholarships, athletics based scholarships and many more
Applying for economic scholarships based on need is quite common. These types of funds are only offered to those who can show some financial hardship.
The overall dollar amount that they make or that they have access to isn’t much of a concern.
There are several academic scholarships out there for those who've obtained stellar grades at school. If you believe you stand out from the crowd, you can apply for a merit based scholarship to colleges who are open to it.
Sports scholarships are an excellent way of seeking out financial aid for higher studies as there are fewer applicants for these scholarships as compared to other scholarships.
What are the Benefits of Getting a Scholarship for students?Following benefits are
Saves you from debtimproves performanceGives you a career advantage.Hence, option A,B and D are the correct answer
To learn more about scholarship here
https://brainly.com/question/21268071
#SPJ3
Rasha is a protectionist. He witnessed the bankruptcies of several small businesses because they could not compete with cheaper goods marketed by foreign companies. When mobile phone manufacturing has just started in the U.K., Rasha's company was a first-entrant into the market. Which argument would Rasha most likely have used to convince the government to restrict the inflow of foreign mobile phones?
Answer:
Protection of domestic infant industry
Explanation:
Since in this case, the main reason for the bankruptcy of the smaller companies was because they could not compete selling their own phones at a cheaper amount like those marketed by foreign companies.
Hence, Rasha would most likely argue that the UK government has a responsibility to protect the domestic infant industry. In other words, there should be policies created to protect locally made mobile phone companies in the UK.
Which of the following is an example of a disruptive innovation?
A. Use of smartphones with Internet access replacing use of
landlines
B. cruise line adding more destinations to their itineraries
C. Using different colored materials to create a line of shoes
D. An airline company purchasing a new jet
Answer: B
Explanation:
tell me if i'm wrong or right please! i rlly think its b tho
A: use of smartphones with internet access replacing use of landlines.
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $50,000 or $150,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 5%. a. If you require a risk premium of 10%, how much will you be willing to pay for the portfolio
Answer:
A. $86,956.52
B. 15%
C.$83,333.33
Explanation:
a) Calculation for how much will you be willing to pay for the portfolio
First step is to calculate the required rate of return on the portfolio using this formula
The required rate of return on the portfolio= Risk Free Return+Risk Premium
Let plug in the formula
The required rate of return on the portfolio=5%+10%
The required rate of return on the portfolio=15%
Second step is to calculate the Expected value of the portfolio
Expected value of the portfolio= 0.5*50,000+0.5*150,000
Expected value of the portfolio =$100,000
Assuming x is the amount you will be willing to pay for the portfolio which means that:
x*(1+15%)=100,000 OR x= $86,956.52
Therefore You would be willing to pay $86,956.52 for the portfolio.
b) Calculation for What will the expected rate of return on the portfolio be
Expected return on the portfolio= (100,000-86,956.52)/86,956.52
Expected return on the portfolio=15%
Therefore the Expected return on the portfolio will be 15%
c) Calculation for What is the price you will be willing to pay now
In a situation where the risk premium is 15%, which means that the required rate of return will be
Required rate of return=5%+15%
Required rate of return=20%
Therefore the price you will be willing to pay= 100,000/(1+20%)
Price=$83,333.33
You own a stock that has an expected return of 15.72 percent and a beta of 1.33. The U.S. Treasury bill is yielding 3.82 percent and the inflation rate is 2.95 percent. What is the expected rate of return on the market
Answer: expected rate of return on the market=12.77%
Explanation:
Given that
Expected return =15.72 percent
beta =1.33
Risk free rate=3.82 percent
According to the CAPM FORMULA,
Expected return = Risk free rate+ Beta( expected rate of return on market - Risk free rate
15.72% = 3.82 % + 1.33 ( Em - 3.82%)
0.1572=0.0382+ 1.33 Em - 0.050806
0.1572- 0.0382+ 0.050806 = 1.33 Em
0.169806=1.33Em
Em = 0.169806/1.33
=0.12767 x 100
12.767 ≈12.77%
expected rate of return on the market=12.77%
A regular checking account commonly earns interest true or false
Answer: False
Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.
Hope this helps! Brainlist?