Using time value of money tables, calculate: the amount a person would have to deposit today to be able to take out $500 a year for 7 years from an account earning 8 percent.

Answers

Answer 1

The amount a person would have to deposit today to be able to take out $500 a year for 7 years from an account earning 8 percent is $2800.


What is the time value of money tables and how are they used to calculate the present value of a series of future cash flows?

The time value of the money table is a tool used to calculate the future value of a lump sum deposit or the present value of a series of future cash flows. It takes into account the concept that money today is worth more than the same amount of money in the future due to the potential for earning interest. They are used to determine how much a person should deposit today to be able to withdraw a certain amount for a certain number of years in the future.

The time value of money tables are used to calculate the future value of a lump sum deposit or the present value of a series of future cash flows. In this scenario, the person wants to know how much they would need to deposit today in order to be able to take out $500 per year for 7 years from an account earning 8 percent.

To calculate this, we can use the formula for the present value of an annuity, which is:

PV = C / r * (1 - (1 + r)^-n)

Where PV is the present value, C is the annual cash flow ($500), r is the annual interest rate (8%), and n is the number of years (7).

Therefore, the amount a person would have to deposit today to be able to take out $500 a year for 7 years from an account earning 8 percent is $2800.

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Related Questions

Match each type of adjusting entry with its definition.
Deferred revenue
Accrued expenses
Prepaid expenses
Accrued revenue
Match each of the options above to the items below.
Receive cash in the current period that will be recorded as a revenue in a future period.
Record an expense in the current period that will be paid in cash in a future period.
Record a revenue in the current period that will be collected in cash in a future period.
Pay cash (or have an obligation to pay cash) in the current period that will be recorded as an expense in a future period.

Answers

Answer and Explanation:

The matching is as follows:

1. Deferred revenue - the cash would be received in the present period and the same would be reported as a revenue for the future period

2. Accrued expense - It would be recorded as an expense for a present period but the cash would be paid in the future

3. Prepaid expense - The cash is paid or the obligation is to the pay the cash in the present period but the expense would be recorded in the future period

4. Accrued revenue - the revenue is recorded in the present period but the cash would be collected in a future period


Which of the following is a reason companies are hiring temporary workers more often than in the past?

A- Temporary employees work harder than permanent employees.

B- Temporary workers are more loyal to the company, thereby making them more productive.

C- Most companies provide temporary workers with very few, if any, benefits.

D- Workers seeking temporary employment are better educated than those seeking permanent employment​

Answers

C temporary workers do not receive any benefits & it save the company money.
the answer for this problem is C

True or False?
a. Financing for public corporations must flow through financial markets.
b. Financing for private corporations must flow through financial intermediaries.
c. Almost all foreign exchange trading occurs on the floors of the FOREX exchanges in New York and London.
d. Derivative markets are a major source of finance for many corporations.
e. The opportunity cost of capital is the capital outlay required to undertake a real investment opportunity.
f. The cost of capital is the interest rate paid on borrowing from a bank or other financial institution.

Answers

Answer:

a. Financing for public corporations must flow through financial markets.

FALSE, it can flow through financial markets or financial intermediaries.

b. Financing for private corporations must flow through financial intermediaries.

FALSE, it can flow through financial markets or financial intermediaries.

c. Almost all foreign exchange trading occurs on the floors of the FOREX exchanges in New York and London.

FALSE, they are traded in many different markets around the world.  

d. Derivative markets are a major source of finance for many corporations.

FALSE, the major source of financing for corporations are stock markets.

e. The opportunity cost of capital is the capital outlay required to undertake a real investment opportunity.

FALSE, opportunity cost of capital refers to lost earnings resulting from choosing one investment over another alternative.

f. The cost of capital is the interest rate paid on borrowing from a bank or other financial institution.

FALSE, opportunity cost of capital refers to lost earnings resulting from choosing one investment over another alternative.

a. False: Financing for public corporations must flow through financial markets.

b. False: Financing for private corporations must flow through financial intermediaries.

c. False: Almost all foreign exchange trading occurs on the floors of the FOREX exchanges in New York and London.

d. False: Derivative markets are a major source of finance for many corporations.

e. False: The opportunity cost of capital is the capital outlay required to undertake a real investment opportunity.

f. False: The cost of capital is the interest rate paid on borrowing from a bank or other financial institution.

Financing is a process through which funds are provided for business activities (operating), making purchases, or investing in other areas.

Generally, financial institutions such as banks, are saddled with the responsibility of providing capital (funds) to businesses, investors, creditors and consumers, in order to help them achieve their goals.

a. False: Financing for public corporations must flow through financial markets.

Financing for public corporations can either flow through financial markets or financial intermediaries.

b. False: Financing for private corporations must flow through financial intermediaries.

Financing for private corporations can either flow through financial markets or financial intermediaries.

c. False: Almost all foreign exchange trading occurs on the floors of the FOREX exchanges in New York and London.

The floors of the FOREX exchanges in New York and London is mainly for trading non-volatile foreign exchange such as Dollar, Euros, etc.

d. False: Derivative markets are a major source of finance for many corporations.

The stock market is a major source of financing for corporations.

e. False: The opportunity cost of capital is the capital outlay required to undertake a real investment opportunity.

The opportunity cost of capital is the increased return on investment that a business firm looses by using its capital (funds) for an alternative investment.

f. False: The cost of capital is the interest rate paid on borrowing from a bank or other financial institution.

It is the cost of a business firm's debt and equity or rate of return on a portfolio from an investor's perspective.

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What is a conversion rate?

Answers

Answer:

number of conversions divided by the total number of visitors.

Explanation:

Answer:

In electronic commerce, conversion marketing is marketing with the intention of increasing conversions--that is, site visitors who are paying customers. The process of improving the conversion rate is called conversion rate optimization.

You are the manager of two plants (factories) in Mexico that manufacture shoes. The combined monthly output of both plants is to be 10,000 pairs of shoes. How you would best divide this output of 10,000 pairs of shoes between the two plants. You may make your arguments in words with the aid of diagrams, i.e., without the use of math. On the other hand, if you are comfortable with math (calculus), the following additional information may be made use of by you. The cost function of Plant 1 is C1 = a1Q1 + a2Q12 + Q13and that of Plant 2 is C2 = b1Q2 + b2Q22 + Q23, where Q1 and Q2 denote, respectively, the outputs of Plant 1 and Plant 2.

Answers

Answer:

Explanation:

The purpose of allocating the output of the shoes is to diminish the total cost of production. The process is achieved by assigning a pair of shoes that requires production at the factory with a marginal lower cost of the two plants. Afterward, the firms will have to equate the marginal cost of production across the two firms.

For firm 1:

The cost of production [tex]c_1 = a_1Q_1 ^2 +a_2Q_1^2+Q_1^3[/tex]

Differentiating with respect to [tex]Q_1[/tex] to determine the marginal cost;

For firm 1, the Marginal cost [tex]MC_1 = a_1 +2a_2Q_1+3Q_1^2[/tex]

For firm 2; the marginal cost [tex]MC_2 = b_1 +2b_2Q_2+3Q_2^2[/tex]

Equating both from above:

[tex]a_1 +2a_2Q_1+3Q_1^2 = b_1 +2b_2Q_2+3Q_2^2[/tex]

Recall that:

[tex]Q_1 = 10000 - Q_2[/tex]

Thus, we can replace the value of [tex]Q_1[/tex] into the above equation to determine the value of [tex]Q_2[/tex] in terms of [tex]a_1, a_2, b_1, b_2[/tex] by applying a quadratic formula.

Assuming we knew the values of [tex]a_1, a_2, b_1, b_2,[/tex] we can estimate the numerical value of [tex]Q_2[/tex], then replace it into the equation [tex]Q_1 = 10000 – Q_2[/tex] to find the numerical value for [tex]Q_1[/tex].

George secured an adjustable-rate mortgage (ARM) loan to help finance the purchase of his home 5 years ago. The amount of the loan was $350,000 for a term of 30 years, with interest at the rate of 9%/year compounded monthly. Currently, the interest rate for his ARM is 3.5%/year compounded monthly, and George's monthly payments are due to be reset. What will be the new monthly payment

Answers

Answer:

$1,680

Explanation:

during the first 5 years, the monthly payment will = $2,816.18

I prepared an amortization schedule. After the 60th payment, the principal owed = $335,580

the new monthly payment considering that the interest rate fell significantly to 3.5% = $1,680

calculation to determine the monthly payment:

present value of the loan = monthly payment x PVIFA

monthly payment = present value / PVIFA

PVIFA, 0.29167%, 300 periods = 199.7501

monthly payment = $335,580 / 199.7501 = $1,680

Scenario
You are the marketing analyst for Better Beans Coffee Company, which has nine stores nationwide. The company wants to build two additional stores. Your executive team has decided that rather than expand to new markets, they want Better Beans to begin opening additional stores in existing markets. While this will create cannibalization in the short term, it will create marketing and operating efficiencies as more stores are opened in each city.
As a scrappy and growing startup, Better Beans does not yet have access to complex marketing analytics software. Fortunately, you are an expert at gathering market data from inside and outside the company and crunching accurate numbers with nothing more than an Excel spreadsheet.
You have been tasked with calculating the two best markets for opening an additional store. You have already calculated two things that allow you to estimate the net additional revenue in each market ueafter adding a second store:
Revenue for a second store in each market
The revenue lost from estimated cannibalization at the first store.
Important note: Due to the high investments already made in existing stores, management has specified that any market where cannibalization is 25% or more should be eliminated from consideration.
Ignoring cannibalization rates for now, what two markets have the highest net revenue increases when adding a second store?
A. Dallas and Portland
B. Los Angeles and Orlando
C. Chicago and Dallas
D. Orlando and Dallas
E. Los Angeles and Portland
What two markets should be chosen for a second store based on management's criteria that the cannibalization rate for the existing store should be less than 25%? Note: Cannibalization rates and net revenue increase amounts need to be considered when making this determination.
A. Los Angeles and Orlando
B. Atlanta and Houston
C. Atlanta and Portland
D. Los Angeles and Portland
E. Los Angeles and Houston
Existing Revenue Second store Cannibalization Revenue Net Revenue
Store Revenue Estimate Drop Due Increase for
Estimate to cannibalization Market(
Second
Store
Revenue
Cannibalization)
Los Angeles 4,050,000 $2,677,500 5% $202,500 2,475,000
Houston 1,950,000 1,522,500 5% 97,500 1,425,000
Orlando 2,800,000 2,175,000 25% 700,000 1,475,000
Atlanta 2,240,000 1,695,000 30% 720,000 975,000
Chicago 2,150,000 1,735,000 40% 860,000 875,000
San Diego 1,900,000 1,505,000 20% 380,000 1,125,000
Portland 1,500,000 1,050,000 20% 300,000 750,000
Dallas 2,450,000 1,702,500 45% 1,102,500 600,000
Boston 3,150,000 2,177,500 35% 1,102,500 1,075,000

Answers

Answer:

Better Beans Coffee Company

1. Two markets that have the highest net revenue increases when adding a second store are:

B. Los Angeles and Orlando

2. The two markets that should be choose for a second market are:

E. Los Angeles and Houston

Explanation:

a) Data and Calculations:

Existing     Revenue    Second   Cannibalization  Revenue    Net Revenue                           Store                              Store         Estimate         Drop Due  Increase from

                                    Estimate                            Cannibali-       Market

                                                                                                   (Second Store

                                                                                                      Revenue

                                                                                                Cannibalization)

Los Angeles 4,050,000 $2,677,500      5%       $202,500          2,475,000

Houston        1,950,000    1,522,500      5%           97,500           1,425,000

Orlando        2,800,000    2,175,000    25%        700,000            1,475,000

Atlanta          2,240,000   1,695,000     30%        720,000             975,000

Chicago         2,150,000   1,735,000     40%        860,000             875,000

San Diego     1,900,000   1,505,000     20%        380,000           1,125,000

Portland        1,500,000   1,050,000     20%        300,000            750,000

Dallas           2,450,000   1,702,500     45%       1,102,500            600,000

Boston          3,150,000   2,177,500      35%      1,102,500           1,075,000

b) Cannibalization results from the reduction in sales revenue when a company introduces another similar product or store in an existing market.  Before making decisions based on cannibalization, management should study the market dynamics and set measurable criteria for making the choice to go for cannibalization or preservation of an existing market.  One of the best criteria for deciding on cannibalization is the net revenue from the second product or store after cannibalization.

It is estimated that the annual sales of an energy saving device will be 20,000 the first year and increase by 10,000 per year unitl 50,000 units are sold during the fourth year. Proposal A is to purchase manufacturing equipment costing $120,000 with an estimated salvage value of $15,000 at the end of 4 years.Proposal B is to purchase equipment costing $280,000 with an estimated salvage value of $32,000 at the end of 4 years. The variable manufacturing cost per unit under proposal A is estimated to be $8,00, but is estimated to be only $2.60 under proposal B. If the interest rate is 9%, which proposal should be accepted for a 4-year production horizon?

Answers

Answer:

Proposal B should be accepted

Explanation:

                                             1              2                3              4

Sales(Units)                     20,000    30,000     40,000     50,000  

Variable Cost (A)            160,000   240,000  320,000   400,000- 15,000  

Variable Cost (B)            52,000     78,000    104,000    130,000 - 32,000  

PV Factor(9%)                   0.917        0.841      0.772        0.708  

PV OF Variable Cost(A)  146,720   201,840   247,040    272,580  

PV of Variable Cost(B)   47,684      65,598    80,288     69,384  

Total PV of Variable Cost of A: $868,180

Total PV of Variable Cost of B: $262,954

Difference in PV of Expenses= $605,226

Difference in PV of Outflow = 280,000 - 120,000 = $160,000

So, Proposal B should be accepted because it has a cost saving of Net $445,226 (605,226 - 160,000).

how important are the development of the many management theories

Answers

Answer:

Explanation:

Management theories help organizations to focus, communicate, and evolve. Using management theory in the workplace allows leadership to focus on their main goals. When a management style or theory is implemented, it automatically streamlines the top priorities for the organization.

Desert, Inc. has year-end account balances as of December 31, 2020 of Sales Revenue $907,000; Interest Revenue $24,000; Cost of Goods Sold $593,000; Administrative Expenses $188,000; Income Tax Expense $31,000; Dividends $18,000, Unrealized Pension Liability Adjustments of $21,500 (dr) and a correction of an error in recording Depreciation Expense for 2018 of $12,000 (dr).

To prepare the year-end closing entry required to close the Income Summary account, Desert would record a:_________

a. Debit to Net Income for $107.000.
b. Debit to Income Summary for $119,000
c. Debit to Retained Earnings for $89,000
d. Debit to Income Summary for $67,500

Answers

Answer:

Dr to income summary for $119,000

Explanation:

The year end closing entry to required to close the income entry would be ;

Sales revenue. Dr $907,000

Interest revenue Dr $24,000

Income summary Cr $931,000

Income summary Dr $812,000

Cost of goods sold Cr $593,000

Administrative expenses Cr $188,000

Income tax expense Cr $31,000

*Income summary Dr. $119,000

Retained earnings Cr $119,000

Retained earnings. Dr $18,000

Dividend Cr $18,000

Aaron, clerical supervisor for a health maintenance organization, wants to hire the best person for the receptionist job. Ramona, his manager, is doubtful that the candidate Aaron has selected will be capable because she uses a wheelchair. Ramona is concerned that other workers will have to spend a lot of time helping the receptionist get in and out of the office for lunch, breaks, and so on. How can Aaron ensure that his candidate will be an asset to the firm?

Answers

Answer:

Explanation:

There are two things that Aaron can do to make sure of this. The first is to make the office wheelchair-friendly. Meaning installing ramps in the necessary places so that the candidate can easily traverse the office and get to and from the places she needs easily and by herself. The second thing that Aaron can do is make sure that the candidate's abilities are better than the other candidates. These skills will make her an asset because she will be able to bring insight and experience that the other candidates would never be able to.

On October 21, 2004, Abitibi-Consolidated Inc., a large Canadian-based newsprint and groundwood producer, reported net income for its third quarter, 2004, of $182 million. This compares with a net loss for the same quarter of 2003 of $70 million. Sales for the quarter were up, to $1528 million, and earnings excluding low persistence items, was a loss of $27 million. the low - persistence items included a gain of $239 million before tax from foreign exchange conversion. Much of the company's long term debt is denominated in US dollars. The foreign exchange gain arose because of the rising value of the Canadian dollar, relative to the US dollar, during the quarter. Comparable figures for the third quarter of 2003 were as follows: sales of $ 1,340 mil-lion, a loss before low- persistence items of $ 32 million, and foreign exchange conversion gain of $ 13 million. There is no mention of R& D costs in the company’s third quarter report. Its 2003 annual report mentions R& D only in passing, with reference to forest conservation. Presumably, R& D expenditures are relatively low. Abitibi- Consolidated’s share price rose $ 0.59 to $ 7.29 on the Toronto Stock Exchange on October 21, 2004. The S& P/ TSX Composite index gained 59 points to close at 8,847 on the same day. According to media reports, the increases were driven by a "red- hot" materials and energy sect

Answers

Solution :

The unexpected earnings is the term used to address the difference between the actual earning of the company for a period as well as the expected earnings for the period. The financial analyst make a mathematical as well as a financial models of the company earnings from the other accounting periods. The unexpected aspect of the earnings also means the price of the stock that can price up of fall dramatically over the course of the day.

Here,

For Q3                                                 2004       2003

Net reported income                           82M       (70M)

Expected earnings                              (27M)

Unexpected earnings                          55M

Thus we consider the earnings excluding the low persistence items. The low persistence items do not included the sinte there is no continuity or durability of the earnings currently, as they can vary on the large scale.

Also we are given company beta was 0.779 which indicates less volatility. Even though the stock price went up from 0.59 to 0.79, the difference can be considered as the unexpected earnings.

i.e. [tex]$7.29 - 0.59 =6.7 $[/tex] increase per share.

Tullius Corporation has received a request for a special order of 8,600 units of product C64 for $45.50 each. The normal selling price of this product is $50.60 each, but the units would need to be modified slightly for the customer. The normal unit product cost of product C64 is computed as follows:
Direct materials $ 16.30
Direct labor 5.60
Variable manufacturing overhead 2.80
Fixed manufacturing overhead 5.70
Unit product cost $ 30.40
Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like some modifications made to product C64 that would increase the variable costs by $5.20 per unit and that would require a one-time investment of $45,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order.
Required: Determine the effect on the company's total net operating income of accepting the special order.

Answers

Answer:

Increase in Netcome$89,160

Explanation:

Calculation to Determine the effect on the company's total net operating income of accepting the special order.

Effect on the company's total net operating income of accepting the special order=(8,600units*$45.50)-[8,600units*($ 16.30+5.60+2.80+$5.20)]-$45,000

Effect on the company's total net operating income of accepting the special order=$391,300-$257,140-$45,000

Effect on the company's total net operating income of accepting the special order=$89,160 Increase

Therefore the effect on the company's total net operating income of accepting the special order will be increase in net income of the amount of $89,160

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio Consider the following case: Crawford Construction has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current assets of $80,500, and total current liabilities of $28,175. The company reported annual sales of $100,000 in the most recent annual report. Over the past year, how often did Crawford Construction sell and replace its inventory? O 4.14 x 4.55 x 2.86x 8.01 x The inventory turnover ratio across companies in the construction industry is 4.55x. Based on this information, which of the following statements is true for Crawford Construction? O Crawford Construction is holding less inventory per dollar of sales compared to the industry average O Crawford Construction is holding more inventory per dollar of sales compared to the industry average You are analyzing two companies that manufacture electronic toys-Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $100,000 each. You've collected company data to compare Like Games and Our Play. Last year, the average sales for all industry competitors was $255,000. As an analyst, you want to make comments on the expected performance of these two companies in the coming year. You've collected data from the companies' financial statements. This information is listed as follows: Data Collected (in dollars) Accounts receivable Net fixed assets Total assets Like Games 2,700 55,000 95,000 Our Play 3,900 80,000 125,000 Industry Average 3,850 216,750 234,600 Using this information, complete the following statements to include in your analysis days of sales tied up in receivables, which is much than the industry average. It takes Our Play 1. Our Play has time to collect cash from its customers than it takes Like Games. more than that of Our Play. This is because Like Games was formed eight years ago, so the 2. Like Games's fixed assets turnover ratio is acquisition cost of its fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then Assuming that fixed assets prices (not book values) rose over the past six years due to inflation, Our Play paid a assets. amount for its fixed 3. The average total assets turnover in the electronic toys industry is 1.09x, which means that $1.09 of sales is being generated with every dollar of investment in assets. A are total assets turnover ratio indicates greater efficiency. Both companies' total assets turnover ratios than the industry average

Answers

Answer:

1. 4.14X

for the other parts of this question, i had to solve for the solution and fill it into the blank parts of the question.

Explanation:

part 1 solution:

annual sales - cash + account receivable

= 80500 - (36225 + 20125)

= 80500 - 56350

inventories = 24150

inventory turnover ratio = 100000/24150

= 4.14X

what is true for crawford is that crawford construction is holding more inventories per dollar compared to the industry average. we compared 4.14x with 4.55x to arrive at this conclusion.

part 2 solution:

Days sales outstanding  = account receivable / average sales per day

like games = 2700/(100000/365)

= 9.855

our play = 3900/(100000/365)

= 14.235

industry average = 3850/(255000/365)

= 5.5

these values would be used to fill in this part of the question

our play has 14.235 days of sales which is  much more than industry average. it is obvious that 14.235 is much greater than 5.5. It takes our play more time to time to collect colect cash from its customers than like games.   this is as our play has 14.235 days and like games has 9.855 days.

fixed asset turn over ratio = sales/ net fixed assets

like games = 100000/55000

= 1.81X

our play = 100000/80000

= 1.25X

like games has fixed asset that is higher than that of our play. from the calculation above, 1.81X is greater than 1.25X. This is as like games was created 8 years ago.

Our Play paid a higher amount for its fixed assets.

part 3 solution;

total assets turn over ratio = sales / total assets

for industry average = 225000/234600 = 1.09X

for like games = 100000/95000 = 1.05X

For our play = 100000/125000 = 0.8X

A higher turn over ratio shows greater efficiency. Both companies have lower total turnover than the industry average. we can see obviously that 1.09X is greater than 1.05X and 0.8X.

thank you!

The following balances were taken from the books of Novak Corp. on December 31, 2020.

Interest revenue $88,200 Accumulated depreciation—equipment $42,200
Cash 53,200 Accumulated depreciation—buildings 30,200
Sales revenue 1,382,200 Notes receivable 157,200
Accounts receivable 152,200 Selling expenses 196,200
Prepaid insurance 22,200 Accounts payable 172,200
Sales returns and allowances 152,200 Bonds payable 102,200
Allowance for doubtful accounts 9,200 Administrative and general expenses 99,200
Sales discounts 47,200 Accrued liabilities 34,200
Land 102,200 Interest expense 62,200
Equipment 202,200 Notes payable 102,200
Buildings 142,200 Loss from earthquake damage 152,200
Cost of goods sold 623,200 Common stock 502,200
Retained earnings 23,200

Assume the total effective tax rate on all items is 20%.

Required:
Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year.

Answers

Answer:

Net income = $110,400

Explanation:

Note: See the attached excel file for the multiple-step income statement for the Year Ended December 31, 2020.

Multiple-step income statement can be described as an income statement that that contains multiple additions and subtractions employed in order calculate the net income.

In a multiple-step income statement, the gross profit is shown and the operating revenues and expenses are clearly separated from the nonoperating revenues, expenses, gains, and losses.

In the attached excel, a net income is $110,400.

Pierre Corporation has a precredit U.S. tax of $315,000 on $1,560,000 of taxable income in the current year. Pierre has $312,000 of foreign source taxable income characterized as foreign branch income and $156,000 of foreign source taxable income characterized as passive category income. Pierre paid $63,000 of foreign income taxes on the foreign branch income and $27,000 of foreign income taxes on the passive category income. What amount of foreign tax credit (FTC) can Pierre use on its current U.S. tax return and what is the amount of the carryforward, if any

Answers

Answer:

the carryforward amount is $90,000

Explanation:

The computation of the carryforward amount is given below:

= Foreign income tax paid on the foreign branch income + foreign income taxes on the passive category income

= $63,000 + $27,000

= $90,000

hence, the carryforward amount is $90,000

Which statement does not describe the Linux operating systems?
It is proprietary software.
Its code can be modified by users.
It was developed by Torvalds.
It is an open-source application

Answers

Answer:

c your correct

Explanation:

Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $525 100 Variable costs 300 57 Unit contribution margin $225 43 Assume that Staley Co. is currently selling 500 computer monitors per month and monthly fixed costs are $75,000. Staley Co.'s margin of safety ratio (MOS%) if 500 units are sold would be (round intermediate calculation up to nearest whole number of units): Group of answer choices 33.2%. 20.5%. 17.7%. 19.5%. 23.7%.

Answers

Answer:

36%

Explanation:

Calculation for what Staley Co.'s margin of safety ratio (MOS%) if 500 units are sold would be

First step is to calculate the Break even point units using this formula

Break even point units =( Fixed cost / Contribution margin per unit)

Let plug in the formula

Break even point units= ($75,000 / $225)

Break even point units= 320 units

Second step is to calculate the Margin of safety sales in units using this formula

Margin of safety sales in units = Actual sales units - Break even sales units

Let plug in the formula

Margin of safety sales in units = 500 - 320

Margin of safety sales in units= 180

Now let calculate Margin of safety ratio using this formula

Margin of safety ratio = ( margin of safety units / Actual sales units) *100

Let plug in the formula

Margin of safety ratio= (180 / 500 ) *100

Margin of safety ratio= 36%

Therefore Staley Co.'s margin of safety ratio (MOS%) if 500 units are sold would be 36%

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows:
Job 11-101 $6,240
Job 11-102 9,000
Job 11-103 7,210
Job 11-104 6,750
Factory supervision 4,000
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40 per hour.
A. Journalize the entry to record the factory labor costs.
B. Journalize the entry to apply factory overhead to production for November.

Answers

Answer:

Part A

Debit :Work In Process - Job 11-101 (6,240 x $40)  $249,600

Debit :Work In Process - Job 11-102 (9,000 x $40) $360,000

Debit :Work In Process - Job 11-103 (7,210 x $40) $280,400

Debit :Work In Process - Job 11-104 (6,750 x $40) $270,000

Credit: Salaries and Wages Payable (29,200 x $40)  $1,168,00

Part B

Debit :Work In Process - Job 11-101 (6,240 x $18)  $112,320

Debit :Work In Process - Job 11-102 (9,000 x $18) $162,000

Debit :Work In Process - Job 11-103 (7,210 x $18) $129,780

Debit :Work In Process - Job 11-104 (6,750 x $18) $121,500

Credit: Factory Overheads (29,200 x $18)  $525,600

Explanation:

The Work In Process Account is the account used to accumulate factory cost incurred. Debit this account to show accumulation of labour and overheads.

Stewart owns a home with a replacement cost of $300,000. He purchased $200,000 of property insurance on the house with a $1,000 deductible for all losses. The house caught on fire and sustained $100,000 worth of damage. The actual cash value (ACV) of the damaged portion of the property was $80,000. How much will Stewart receive as reimbursement for the loss

Answers

Answer:

$82,333

Explanation:

The computation of the amount received as reimbursement for the loss is given below:

Given that

House Replacement= $300,000

80% of replacement cost = 80% of $300,000 = $240,000

Value of insurance = $200,000

Now

Amount of claim = [($200,000 ÷  $240,000) × $100,000] - $1,000 (deductible for all losses)

= $83,333 - $1,000

= $82,333

the point where total expenses equals to total income? ​

Answers

Answer:

yfku

Explanation:

Melissa is conducting a survey of our classmates because our teacher wants the class to learn more about hygiene habits Melissa House develop a list of 10 questions

Answers

What’s the question exactly ??

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 2018. Management intends to have the investment available for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $201 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $210 million.

Required:
a. Prepare the journal entry to record Fuzzy Monkey’s investment on January 1, 2018.
b. Prepare the journal entry by Fuzzy Monkey to record interest on June 30, 2018.
c. Prepare the journal entries by Fuzzy Monkey to record interest on December 31, 2018.

Answers

Answer:

January 1, 2018

Dr Investment in bonds 220,000,000

    Cr Cash 201,000,000

    Cr Discount on investment in bonds 19,000,000

June 30, 2021

Dr Cash 8,800,000

Dr Discount on investment in bonds 1,250,000

    Cr Interest revenue 10,050,000

December 31, 2018

Dr Cash 8,800,000

Dr Discount on investment in bonds 1,312,500

    Cr Interest revenue 10,112,500

discount amortization = ($201,000,000 x 5%) - $8,800,000 = $1,250,000

discount amortization = ($202,250,000 x 5%) - $8,800,000 = $1,312,500

Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described below.

a. Fitzi Chemical Co. earns revenue from its cash receipts from royalties.
b. The Yum chain of restaurants conducts an initial public offering to raise funds for expansion.
c. A company records a decrease in its total raw materials inventory from the previous year.
d. A pharmaceutical company buys marketing rights to sell a drug exclusively in East Asian markets.

Answers

Answer and Explanation:

The classifications are as follows:

a. Operating activities: As there is a cash receipts from royalities so the same come under this activity

b. Financing activities:  As the funds are raised so the same would be come under this activity.

c. Operating activities: As there is a decrease in raw material inventory as compared to the last year so the same is come under this activity

d. Investing activities: As the marketing rights are purchased so the same would be come under this activity

If the mean of three observations x + 2, x + 4, and x + 6 is 15, then x is equal to
a) 12
(b) 13
(c) 15
(d) 11

Answers

Answer:

x+2+x+4+x+6/3=15

3x+12=15x3

3x+12=45

3x=45-12

3x=33

x=33/3

x=11

hope it helps u

Answer:

D

Explanation

3x+12 divided by 3 multiple by 15

Trak Corporation incurred the following costs while manufacturing its bicycles. Bicycle components $100,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 13,000 Salaries paid to sales clerks 50,000
Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. Bicycle components select a classification Depreciation on plant select a classification Property taxes on store select a classification Labor costs of assembly-line workers select a classification Factory supplies used select a classification Advertising expense select a classification Property taxes on plant select a classification Delivery expense select a classification Sales commissions select a classification Salaries paid to sales clerks

Answers

Answer:

Bicycle components $100,000

Identification: Direct material

Advertising expense $45,000

Identification: Period cost

Depreciation on plant 60,000

Identification: Manufacturing overhead

Property taxes on plant 14,000

Identification: Manufacturing overhead

Property taxes on store 7,500

Identification: Period cost

Delivery expense 21,000

Identification: Period cost

Labor costs of assembly-line workers 110,000

Identification: Direct labor

Sales commissions 35,000

Identification: Period cost

Factory supplies used 13,000

Identification: Manufacturing overhead

Salaries paid to sales clerks 50,000

Identification: Period cost

very urgent, i need this answered asap

Answers

Answer:

Yes they offer no fee but then they want payed for a small fee....... Aaaa business this days

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,600 Factory overhead: $520 Direct labor: $1,200 Beginning work in process: none (December 31, 2019) Ending work in process: $590 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $370 (January 31, 2020) 3. Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2020. Pre

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the following costs as variable-fixed, and direct-indirect:

Direct materials: $2,600 (variable - direct)

Factory overhead: $520 (mixed - indirect)

Direct labor: $1,200 (variable - direct)

Now, we can calculate the cost of goods manufactured using the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 2,600 + 1,200 + 520 - 590

cost of goods manufactured= 3,730

Finally, the cost of goods sold:

beginning finished inventory= 0

cost of goods manufactured= 3,730

ending finished inventory= (370)

COGS= $3,360

Beachside Realty rents condominiums and furnishings. Below is the adjusted trial balance at December 31.
Debit Credit
Cash 1,500
Accounts Receivable 2,000
Interest Receivable 100
Prepaid Insurance 1,600
Notes Receivable (long-term) 2,800
Equipment 15,000
Accumulated Depreciation 3,000
Accounts Payable 2,400
Accrued Expenses Payable 3,920
Income Taxes Payable 2,700
Unearned Rent fees 500
Common Stock 5,000
Retained Earnings 2,700
Dividends 2,000
Rent Fees Earned 37,000
Furniture Rental Revenue 1,200
Interest Revenue 100
Wages Expense 19,000
Depreciation Expense 1,800
Utilities Expense 320
Insurance Expense 700
Maintenance Expense 9,000
Income Tax Expense 2,700
58,520 58,520
Prepare the entry required to close the expense accounts at the end of the period.

Answers

Answer and Explanation:

The journal entry required to close the expense account is given below:

Income summary Dr $33,520

    To Wages Expense $19,000

    To Depreciation Expense $1,800

    To Utilities Expense $320

     To Insurance Expense $700

     To Maintenance Expense $9,000

     To Income Tax Expense $2,700

(being the expenses accounts are closed)

The state of Oregon's wine industry specializes in the production of Pinot Noir wine, a type of red wine. Oregon's Pinot Noir is very similar to wines made in Santa Barbara and the Burgundy region of France. Oregon's Pinot Noir is also known to pair well with lamb, that is, many people choose to drink Pinot Noir while eating lamb.

For many years, states levy a special sales tax on wine often called a "sin tax". The reasoning behind these special sales taxes is that wine consumption can lead to particular social costs such as drunk driving, violence, etc.

However, many medical studies have demonstrated that moderate consumption of red wine can lower the risks for many diseases such as coronary heart disease. Thus, there are social benefits as well.

Suppose that states, in recognition of some of the benefits to wine consumption, decide to decrease the sales tax on Oregon Pinot Noir. What effect will this have on consumer surplus, producer surplus and deadweight loss.
A. Consumer surplus increases, producer surplus increases, the deadweight loss decreases.
B. Consumer surplus decreases, producer surplus decreases, the deadweight loss decreases.
C. Consumer surplus decreases, producer surplus increases, the deadweight loss is unchanged.
D. Consumer surplus increases, producer surplus increases, the deadweight loss increases.

Answers

Answer:

A. Consumer surplus increases, producer surplus increases, the deadweight loss decreases.

Explanation:

The burden of taxes is shared by both producers and consumers, regardless of who is supposed to pay for it. By decreasing taxes, both producers and consumers will benefit, resulting in higher producer and supplier surplus. Since surplus increases, that means that the deadweight loss resulting from the tax must be decreasing.

If the state decides to decrease the sales tax on Oregon Pinot Noir, the effect it will have on consumer surplus, producer surplus and deadweight loss is : Consumer surplus increases, producer surplus increases, the deadweight loss decreases.

What is tax?

Tax is a compulsory levy, levied individual or entities by governments. They are a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes and properties.

With regards to the above, the burden of taxes are shared by both producers and consumers, regardless of who is supposed to pay for it.

When taxes are decreased, both producers and consumers will benefit, hence bring about higher producer and supplier surplus. Since surplus increases, that means that the deadweight loss resulting from the tax must be decreasing.

Learn more about tax here : https://brainly.com/question/25783927

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