A borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. Fifteen years later, the borrower has the opportunity to refinance with a fifteen-year mortgage at 6%. However, the up-front fees, which will be paid in cash, are $2,500. What is the return on investment if the borrower expects to remain in the home for the next fifteen years

Answers

Answer 1

Answer:

Return on investment ≈ 29%

Explanation:

using excel function

Determine :

Rate = 7% / 12 = 0.0058

Nper value = 30 years * 12 = 360

PV = -$150,000

∴ PMT value = $997.95

next : calculate the outstanding balance 15 years later

=  ( 997.95 / 0.00583 )  * ( 1 - ( 1 / ( 1 + 0.00583 )^15*12 ))

= 171174.96 * 0.6489

= $ 111,075.43

Considering the opportunity to refinance

Rate = 6% /12 = 0.005

Nper = 15 * 12 = 180

Pv = - $111,075.43

∴ PMT = 937.32

the monthly saved up payment = PMT 1 - PMT 2

= 997.95 - 937.32  = $60.63

Finally

Rate of return on investment

= 2500 = 60.63 * [tex]( \frac{1 - (\frac{1+r}{12})^{-15*12} }{r} )[/tex]

hence Rate of return ≈ 29 %

attached below is a screenshot of the excel function used for question 2 and it can be used for question 1 as well just change the values

A Borrower Has Secured A 30-year, $150,000 Loan At 7% With Monthly Payments. Fifteen Years Later, The

Related Questions

Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income and losses. The current period's ending capital account balances are Henry, $45,000; Luther, $37,000; and Gage, $(5,000). After all assets are sold and liabilities are paid, there is $77,000 in cash to be distributed. Gage is unable to pay the deficiency. What amount of cash will Gage receive upon liquidation

Answers

Answer: b. Debit Henry, Capital $42,500; debit Luther, Capital $34,500; credit Cash $77,000. Debit Henry, Capital $45,000; debit Luther, Capital $37,000; credit Gage, Capital $5,000; credit Cash $77,000.

Explanation:

The deficiency will apportioned to Henry and Luther equally.

Henry capital becomes = 45,000 - 2,500 = $42,500

Luther capital becomes = 37,000 - 2,500 = $34,500

The $77,000 will then be debited to their capital accounts to recognize the balance left in their accounts:

= 42,500 + 34,500

= $77,000

Credit Gage for $5,000 to recognize that Henry and Luther paid off the deficiency.

Which of the following is true? In a one-shot game, a collusive strategy always represents a Nash equilibrium. A subgame perfect equilibrium occurs when each player is doing the best he can regardless of what the other player is doing. Each Nash equilibrium is a subgame perfect equilibrium. Correct! Every subgame perfect equilibrium is a Nash equilibrium.

Answers

Answer: Each Nash equilibrium is a subgame perfect equilibrium.

Explanation:

The Nash Equilibrium in a game is the outcome of which neither of the players would want to deviate from because they are making the highest payoff that they can given the other player's possible choice and leaving this outcome would result in a lower payoff.

In every subgame that is based on the original game therefore, the Nash equilibrium represents the perfect equilibrium for the players as it is giving the highest payoff given the circumstances.

Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual dividend on 6% cumulative preferred, $62 par value, 8,200 shares authorized, issued, and outstanding. The annual dividend on $2.25 cumulative preferred, 130,000 shares authorized, 78,000 shares issued, 68,900 shares outstanding. Last year's dividend has not been paid. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $106 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.

Answers

Answer:

Preferred dividend calculation:

= Percentage return * Par Value * number of shares

a. The semiannual dividend on 6% cumulative preferred, $62 par value, 8,200 shares authorized, issued, and outstanding.

= 6% * 62 * 8,200 * 1/2 years

= $‭15,252‬

b. The annual dividend on $2.25 cumulative preferred, 130,000 shares authorized, 78,000 shares issued, 68,900 shares outstanding. Last year's dividend has not been paid.

In this case, last year's dividend was not paid and this is a cumulative preferred stock so the dividend will be accrued from last year and paid this year.

= Preferred dividend * 2 years

= (2.25 * 68,900 shares outstanding) * 2

= $‭310,050‬

c. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $106 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.

= 10% * 90 * 67,600 * 1/4 years

= $152,775

Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time is 5 minutes per jean. The sewing time is 20 minutes per jean. It takes 2 minutes to move a batch of jeans from cutting to sewing. a. Compute the value-added, non-value-added, and total lead time of this process. Value-added lead time fill in the blank 1 minutes Non-value-added lead time fill in the blank 2 minutes Total lead time fill in the blank 3 minutes b. Compute the value-added ratio. Round to one decimal place.

Answers

Answer:

a. Value added time = Cutting time + Sewing time

Value added time = 5 minutes + 20 minutes

Value added time = 25 minutes

Non-value added time = Total within batch wait time + Move time

Non-value added time = [25 minutes * (40 - 1) + 2 minutes

Non-value added time = 977 minutes

Total lead time = Value added time + Non-value added time

Total lead time = 25 minutes + 977 minutes

Total lead time = 1,002 minutes

b. Value added ratio = Value added time / Total lead time

Value added ratio = 25 minutes / 1,002 minutes

Value added ratio = 0.02495

Value added ratio = 2.5%

Johnson Company had the following account balances at the end of the most recent fiscal year: Cash: $4,300, Accounts Receivable: $1,200, Supplies: $200, Accounts Payable: $700, S. Johnson, Capital: $2,900, S. Johnson, Drawing: $300, Fees Income: $4,900, Rent Expense: $1,300, Advertising Expense: $1,000, Supplies Expense: $200. Assuming that these were the only accounts used by Johnson Company during the year, for which of the following steps in the closing process would a compound entry be necessary?
Step 1: Transfer Revenue Account Balances
Step 2: Transfer Expense Account Balances
Step 3: Transfer Net Income or Net Loss to Owner’s Equity
Step 4: Transfer the Drawing Account Balance to Capital

Answers

Answer and Explanation:

The journal entries are shown below:

For step 1

Fees Income $ 4,900  

      To Income Summary $4,900

(Being revenue account is closed)  

For step 2

Income Summary $2,500  

          To Rent Expense  $1,300

          To Advertising expense $1,000

          To Supplies expense  $200

(Being Expense account is closed )

For step 3

Income Summary ($4,900 - $2,500) $2,400  

         To Johnson`s Capital  $2,400

(Being transfer net income to capital is recorded)

For Step 4

Johnson`s Capital $300  

        To Johnson`s Drawings      $300

(Being closing of drawings to capital account is recorded)

Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in capital by issuing $750,000 of debt at a before-tax cost of 11.1%, $78,000 of preferred stock at a cost of 12.2%, and $880,000 of equity at a cost of 14.7%. The firm faces a tax rate of 40%. What will be the WACC for this project

Answers

Answer:

11.06%

Explanation:

Calculation to determine What will be the WACC for this project

First step is to calculate the Weight of Debt

Weight of Debt = $750,000 / $1,708,000

Weight of Debt = 0.4391

Second step is to calculate the Weight of Preferred Stock

Weight of Preferred Stock = $78,000 / $1,708,000

Weight of Preferred Stock = 0.0457

Third step is to calculate the Weight of Equity

Weight of Equity = $880,000 / $1,708,000

Weight of Equity = 0.5152

Fourth step is to calculate After Tax Cost of Debt

After Tax Cost of Debt = 11.1% * (1 – 0.40)

After Tax Cost of Debt = 6.66%

Now let calculate WACC using this formula

WACC = (Weight of Debt * After Tax Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Equity * Cost of Equity)

Let plug in the formula

WACC = (0.4391 * 0.0666) + (0.0457 * 0.1220) + (0.5152 * 0.1470)

WACC = 0.02924406+0.0055754+0.0757344

WACC =0.1106*100

WACC =11.06%

Ann Company borrowed $240,000 to buy an equipment on January 1, 2019, and signed a 7% instalment note requiring annual equal payments, including principal and interest at the end of every year for 15 years. Rounded to the nearest dollar, determine the balance in the Instalment Note Payable account after making the first annual payment.

Answers

Answer:

$2,000

Explanation:

Payment include repayment of Capital Amount and Payment of Interest expense

Therefore the balance in the Instalment Note Payable account after making the first annual payment is

Karl Jahaz Corp., an automobile company, has many business units across the globe. Although the company has reached saturation in the domestic market, it continues to generate substantial revenue by selling its old-model, light commercial vehicles in a few countries. In this case, which of the following is achieved by the globalization of the company?

a. Extension of product's life cycle
b. Deduction of production costs
c. Higher profits by lowering prices
d. Greater economies of scale

Answers

Answer:

a. Extension of product's life cycle

Explanation:

Extension of the product life cycle means the strategies that are followed to increase the product life or its service prior go into the decline stage.

These strategies involved price change,  place, promotion, adding new attributes to the existing product, etc

So according to the given situation, the option a is correct

In a competitive economy, firms pay a real wage (W/P) equal to the marginal product of labor (MPL) and a real rental rate (R/P) equal to the marginal product of capital (MPK). Note that the total income of labor is equal to the product of the real wage and the total quantity of labor employed. Likewise, the total income of capital is equal to the product of the real rental rate and the total quantity of capital employed. Use this information to answer the following questions.
a. The marginal product of labor (MPL) can be expressed as______ and _______the marginal product of capital (MPK) can be expressed as _______.

Answers

Answer:

hello your question has some missing information attached below is the missing information

answer :

MPL = ( 1 - ∝ ) Y/L

MPK = ( ∝ ) Y/K

Explanation:

Given that : y = AK^∝ L^1-∝

The marginal product of labor can be expresses as :

MPL =   dy/dL = AK^∝ ( 1 - ∝ ) L^ 1-∝-1

         = ( 1 - ∝ ) [ A K^∝ L^-∝ ]

hence MPL = ( 1 - ∝ ) Y/L

The marginal product of capital can be expressed as :

MPK = A ∝ K^∝-1  L^ 1-∝

        = ∝/K [ A k^∝ L^1-∝

        = ∝/K * Y ∴ MPK = ( ∝ ) Y/K

In one sentence, briefly explain why a secretary must finalise his or her minutes in the shortest possible time after a meeting has ended

Answers

Answer:

Every set of minutes should include basic information about the meeting, starting with the meeting type -- committee or general -- and the time and date at which it started. The secretary should also record the names of all parties present as well if any members were excused from the meeting before it opened. If members arrive late to the meeting, note the time at which they arrived. In addition, if a proxy represents a member or a quorum of members, such as the case of a shareholder's meeting, the minutes should reflect his presence. The secretary should also record the time at which the meeting adjourns

Explanation:

 Couldn't have been in one sentence but i hope i helped! xoxo

Efficient private provision of pure public goods is difficult because too much will be demanded as each consumer is forced to buy his or her own units of the public good too little will be demanded because private provision leads to higher marginal costs than public provision. too much will be produced as fi rms compete with each other for the public’s dollars. too little will be demanded as, individually, consumers choose not to pay the full cost of units of the good.

Answers

Answer:

too little will be demanded as, individually, consumers choose not to pay the full cost of units of the good.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

Circular flow model is an economic model that is used by economists to show or demonstrate how money, goods and services move from one economic agent to another such as producer, workers, wholesaler, retailer and consumers (households).

An efficient private provision of pure public goods is difficult because too little will be demanded as, individually, consumers choose not to pay the full cost of units of the good.

If Apple uses the variable cost method to set selling prices and plans a markup of 200% of variable costs, what is the expected selling price per unit of this new phone? 2. Assume that Apple is a "price taker" and the market sales price for this type of phone is $800 per unit. Compute Apple’s target cost if the company desires a profit of 60% of sales price.

Answers

Question Completion:

Assume Apple is designing a new smartphone. Each unit of this new phone is expected to require $230 of direct materials, $10 of direct labor, $20 of variable overhead, and $20 of variable selling and administrative costs.

Answer:

Apple

1. The expected selling price per unit of this new phone is:

= $860.

2. Apple's target cost if the company desires a profit of 60% of the sales price is:

= $320.

Explanation:

a) Data and Calculations:

Method of setting prices = 200% Markup on Variable Cost

Direct materials cost per unit =                              $230

Direct labor cost per unit =                                        $10

Variable overhead cost per unit =                            $20

Variable selling and administrative cost per unit = $20

Total variable cost =                                                $280

Markup =                                                                 $560

Expected selling price =                                         $840

Selling price per unit =         $800

Target profit of sales price = 480

Target cost =                        $320

= $800 * (100 - 60)

= $320

The production department in a process manufacturing system completed 80,000 units of product and transferred them to finished goods during a recent period. Of these units, 32,000 were in process at the beginning of the period. The other 48,000 units were started and completed during the period. At period-end, 17,500 units were in process.
Prepare the department’s equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing.

Answers

Answer:
1. 96,000
2. 92,000
3. 89,600
Explanation:
The computation of given question is shown below:-
1. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 100% 16,000
Total Equivalent units of production 96,000
2. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 75% 12,000
Total Equivalent units of production 92,000
3. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 60% 9,600
Total Equivalent units of production 89,600
So, for computing the all three points of Equivalent units of production we simply added the Goods completed of Equivalent units of production material with Ending goods in process of Equivalent units of production material. Hope this helps! Mark brainly please!

Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates it. Portfolio Blue has an expected return of 13 percent and risk of 17 percent. The expected return and risk of portfolio Yellow are 19 percent and 15 percent, and for the Purple portfolio are 18 percent and 22 percent. multiple choicePortfolio Purple dominates portfolios Blue and Yellow.Portfolio Blue dominates portfolios Yellow and Purple.Portfolio Yellow dominates portfolios Blue and Purple.

Answers

Answer: Yellow dominates portfolios Blue and Purple.

Explanation:

Portfolio Yellow has a higher expected return than either portfolio Blue or Portfolio Purple which means that if we were evaluating the portfolios on return alone, Portfolio Yellow would dominate the other two.

However, we need to adjust for risk. The portfolio with the lowest standard deviation is the less riskier one of the three. That portfolio is Yellow which means that Yellow has both a higher expected return and a lower risk. It would therefore dominate the rest.

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 69,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 9.00 Overhead 10.00 Total costs per unit $ 24.00 Direct materials and direct labor are 100% variable. Overhead is 80% fixed. An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit. Required: 1. Determine the total incremental cost of making 69,000 units of RX5. 2. Determine the total incremental cost of buying 69,000 units of RX5. 3. Should the company make or buy RX5

Answers

Answer:

It is cheaper to make the units in-house. The company will save $207,000.

Explanation:

Giving the following formula:

Production:

Direct materials $ 5.00

Direct labor 9.00

Varaible overhead= 10 - 8= $2

Total fixed overhead= (10*0.8)*69,000= $621,000

Direct materials and direct labor are 100% variable.

Overhead is 80% fixed.

An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit.

I will assume that none of the fixed overhead is avoidable.

First, we need to calculate the incremental cost of making 69,000 units. As it is incremental, we will take into account only the variable costs:

Make in-house:

Total variable cost= 69,000*(5 + 9 + 2)= $1,104,000

Now, the total cost of buying:

Buy:

Total cost= 69,000*19= $1,311,000

It is cheaper to make the units in-house. The company will save $207,000.

Your boss has asked you to obtain marketing feedback on one of the products for your company produces. But people are less likely to respond honestly if they know it’s the company requesting the information. So your boss tells you to use a fake marketing research name. Would you follow your boss’s direction? Why or why not?

Answers

Answer:

no I won't follow my boss

because I don't use Fake information

Alamo Power historically allocates IDC for its safety program to generation facilities in Cities A and B based on the number of employees. Last year, $300,000 was distributed and the employee count was 840 in city A and 450 in city B. Implementation of the ABC method took place this year to allocate IDC on the basis of number of accidents. City A reported 345 events and city B had 142 accidents reported.

Determine the allocation based on the number of employees. The allocation based on the number of employees is as follows:

City A:________
City B: _______

Answers

Answer:

Alamo Power

Allocation of IDC cost based on the number of employees:

City A = $195,349

City B = $104,651

Explanation:

a) Data and Calculations:

IDC cost = $300,000

                                   City A   City B    Total

Employee count          840      450      1,290

Number of accidents  345       142        487

Allocation of IDC cost based on the number of employees:

City A = 840/1,290 * $300,000 = $195,349

City B = 450/1,290 * $300,000 = $104,651

Total cost allocated =                  $300,000

Allocation of IDC cost based on the number of accidents:

City A = 345/487 * $300,000 = $212,526

City B = 142/487 * $300,000 =    $87,474

As the price level rises, the purchasing power of households' real wealth will , causing the quantity of output demanded to . This phenomenon is known as the effect. Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore , and the number of foreign products purchased by domestic consumers and firms (imports) will . Net exports will therefore , causing the quantity of domestic output demanded to . This phenomenon is known as the effect.

Answers

Answer:

As the price level rises, the purchasing power of households' real wealth will fall, causing the quantity of output demand to fall. This phenomenon is known as the wealth effect.

Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to rise in foreign exchange markets. The number of domestic products purchased by foreign (exports) will therefore fall, and the number of foreign products purchases by domestic consumers and firms(imports) will rise.

Net exports will therefore fall, causing the quantity of domestic output demanded to fall. This phenomenon is known as the exchange rate effect.

A lot of fluctuations is often seen in prices of goods. As the price level falls, the purchasing power of households' real wealth will rise, causing the quantity of output demanded to rise. This phenomenon is known as the wealth effect.

Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to fall, in foreign exchange markets.

The number of domestic products purchased by foreigners (exports) will therefore rise, and the number of foreign  products purchased by domestic consumers and firms (imports) will fall.

Net exports will therefore rise, causing the quantity of domestic output demanded to rise. This phenomenon is known as the exchange effect.

The wealth effect is simply known as the idea that when households become richer as a result of a rise in asset values, example corporate stock prices, they tend to spend more and boast a broader economy.

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Chevron Phillips (CP) has put into place new laboratory equipment for the production of chemicals; the cost is $1,770,000 installed. CP borrows 48% of all capital needed, and the borrowing rate is 13.4%. In the 1st year, 25% of the principal borrowed will be paid back. The throughput rate for in-process test samples has increased the capacity of the lab, saving a net of $X per year. In this 1st year, depreciation is $362,000 and taxable income is $329,000.

Required:
a. What is the gross income or annual savings?
b. Determine the income tax for the 1st year assuming a marginal tax rate of 40%.
c. What is the after-tax cash flow for the 1st year?

Answers

Answer:

Chevron Phillips (CP)

a. The gross income or annual savings is:

= $804,846.

b. The income tax for the 1st year assuming a marginal tax rate of 40% is:

= $131,600.

c. The after-tax cash flow for the 1st year is:

= $559,400.

Explanation:

a) Data and Calculations;

Cost of new laboratory equipment = $1,770,000

Borrowed capital = $849,600 ($1,770,000 * 48%)

Borrowing rate = 13.4%

Borrowing interest expense for the first year = $113,846

Depreciation = $362,000

Taxable income = $329,000

Gross savings = $X

$X = $804,846 ($113,846 + $362,000 + $329,000)

Income tax for the 1st year:

Marginal tax rate = 40%

Taxable income = $329,000

= $131,600 ($329,000 * 40%)

After-tax Cash Flows for the 1st year:

Gross savings =    $804,846

Interest expense      113,846

Depreciation          362,000

Taxable income  $329,000

Income tax              131,600

Net income          $197,400

Cash Flows:

Net income               $197,400

Depreciation             362,000

After-tax cash flow $559,400

Present Value Index Montana Grill has computed the net present value for capital expenditures for the Billings and Great Falls locations using the net present value method. Relevant data related to the computation are as follows: Billings Great Falls Total present value of net cash flow $882,000 $1,050,000 Amount to be invested 900,000 750,000 a. Determine the present value index for each proposal. Round to two decimal places.

Answers

Answer:

Billings ⇒ 0.98Great Falls ⇒ 1.40

Explanation:

Present value index (PVI)= Total present value of net cash flow / Amount to be Invested

Billings PVI

= 882,000 / 900,000

= 0.98

Great Falls PVI

= 1,050,000 / 750,000

= 1.40

The selling price per unit is $3,500. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 units. There are no price, efficiency, or spending variances. Any pro- duction-volume variance is written off to cost of goods sold in the month in which it occurs. 360 CHAPTER 9 INVENTORY COSTING AND CAPACITY ANALYSIS 1. Prepare income statements for Crystal Clear in January, February, and March 2014 under (a) variable costing and (b) absorption costing. 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing.

Answers

Question Completion:

Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2014 are as follows:

Unit data                         January    February       March  

Beginning inventory                0                100           100

Production                                1,400     1,375        1,430

Sales                                 1,300     1,375        1,455

Variable Costs    

Manufacturing cost

per unit produced           950           950          950

Operating (marketing)

cost per unit sold                  725              725          725

Fixed Costs    

Manufacturing costs             490,000      490,000      490,000

Operating (marketing) costs   120,00       120,000       120,000

Answer:

Crystal Clear

1. Income Statements in January, February, and March 2014:

a. Variable Costing Income Statement

                             January               February                  March

Sales Revenue            $4,550,000           $4,812,500         $5,092,500

Variable cost of goods   2,177,500             2,303,125             2,437,125

Contribution margin   $2,372,500          $2,509,375         $2,655,375

Fixed Costs    

Manufacturing costs       490,000               490,000               490,000

Operating (marketing)     120,000                120,000               120,000

Total fixed costs            $610,000              $610,000             $610,000

Net operating income $2,371,800          $1,899,375          $2,045,375

b. Absorption Costing Income Statement

                             January               February                  March

Sales Revenue            $4,550,000           $4,812,500         $5,092,500

Cost of goods sold        1,690,000              1,795,750               1,881,315

Gross profit                 $2,860,000           $3,016,750            $3,211,185

Total operating costs    1,062,500               1,116,875               1,174,875

Net operating income $1,797,500           $1,899,875           $2,036,310

2. The difference in the operating incomes for January, February, and March under variable costing and absorption costing is due to the way the fixed cost per month is accounted for in cost of goods sold and ending inventory.  With variable costing, all variable costs are included, while absorption includes both variable and fixed manufacturing costs. This makes the ending inventory of variable costing to be carried forward to the next period while absorption costing includes every fixed cost as period costs.

Explanation:

a) Data and Calculations:

Unit data                         January    February       March  

Beginning inventory                0                100           100

Production                                1,400     1,375        1,430

Sales                                 1,300     1,375        1,455

Ending inventory                             100               100               75

Variable Costs    

Manufacturing cost

per unit produced           950           950          950

Operating (marketing)

cost per unit sold                  725              725          725

Fixed Costs    

Manufacturing costs             490,000      490,000      490,000

Operating (marketing) costs   120,00       120,000       120,000

Cost of production:

Variable Costs    

Manufacturing cost

per unit produced         $1,330,000         $1,306,250            $1,358,500

                                    (1,400 * $950)     (1,375 * $950)         (1,430 * $950)  

Fixed Costs    

Manufacturing costs         490,000              490,000                490,000

Total production costs $1,820,000          $1,796,250           $1,848,500

Production units                     1,400                    1,375                     1,430

Unit cost of production       $1,300                  $1,306                  $1,293

Sales Units                             1,300                    1,375                     1,455

Cost of goods sold     $1,690,000           $1,795,750             $1,881,315

Operating (marketing)  (1,300*$725)      (1,375*$725)   (1,455*$725)

cost per unit sold          

Variable operating cost        $942,500     $996,875    $1,054,875

Fixed Costs    

Operating (marketing) costs   120,000       120,000         120,000

Total operating costs         $1,062,500    $1,116,875     $1,174,875

Variable Costs    

Manufacturing cost

per unit produced           950           950          950

Operating (marketing)

cost per unit sold                  725              725          725

Total per unit variable cost       $1,675         $1,675          $1,675

Sales Units                                  1,300            1,375             1,455

Total variable cost of goods

sold =                                 $2,177,500   $2,303,125  $2,437,125

What is the relationship between property and financial claims

Answers

Property is something that is owned or that you have legal ownership of whereas a financial claim is an agreement between two parties that specifies the terms of the obligation or agreement.

Explanation

The relationship would likely be in terms of loans, property liens and credit. For example, purchasing a home or a car or even something as simple as a watch or article of clothing.

what is a marketing plan ?? answer please .

Answers

a marketing plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well-written marketing plan so that goals may be achieved.

Answer:

marketing plan is defined as a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year. It describes business activities involved in accomplishing specific marketing objectives within a set time frame. A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals.

General Motors Corporation reported the following information in its 10-K report:

Inventories at December 31 ($ millions) 2008 2007
Productive material, work in process, and supplies $4,849 $6,267
Finished product, service parts, etc. 9,426 10,095
Total inventories at FIFO 14,275 16,362
Less LIFO allowance (1,233) (1,423)
Total automotive and other inventories, less allowances $13,042 $14,939

The company reports its inventory using the LIFO costing method during 2007 and 2008.

Required:
a. At what dollar amount are inventories reported on its 2008 balance sheet?
b. At what dollar amount would inventories have been reported in 2008 if FIFO inventory costing had been used?

Answers

Answer:

General Motors Corporation

a) Inventories are reported on its 2008 balance sheet at $13,042.

b) Inventories would have been reported on its 2008 balance sheet at $14,275 if FIFO inventory costing had been used.

Explanation:

a) Data and Analysis:

Inventories at December 31 ($ millions)                                   2008     2007

Productive material, work in process, and supplies              $4,849 $6,267

Finished product, service parts, etc.                                        9,426  10,095

Total inventories at FIFO                                                         14,275  16,362

Less LIFO allowance                                                                (1,233)   (1,423)

Total automotive and other inventories, less allowances $13,042 $14,939

b) LIFO = Last-in, First-out.  This inventory method assumes that items that were brought into the store last were the first to be sold.  This presupposes that the cost of goods sold will be determined by the most recent items, while the ending inventory will be determined by the latter items.

c) FIFO = First-in, First-out:  This is the opposite of LIFO.  The inventory method assumes that items that were bought first would be the first to be sold.  This method presupposes that the cost of goods sold will be determined by the first items in store, while the ending inventory will be determined by the cost of the most items.

Which one of the following statements is TRUE? a. If a company has a classified board, fewer board seats are filled each year. b. A classified board is one in which an announcement requesting applications for board members appears in the newspaper. c. One tool of corporate governance is choosing a good investment banker. d. A classified board is one in which the board members serve anonymously. e. In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.

Answers

Answer:

The true statement about a classified board is:

a. If a company has a classified board, fewer board seats are filled each year.

Explanation:

If Company A has a classified board of directors, it implies that it has a structure that enthrones continuity and stability, enables some portion of the directors to be elected each year, and ensures that different directors have different terms to serve the company.  Depending on their classifications, some directors serve one or two years, some three or four years, some five or six years, and others servicing seven or eight years.  This type of structured board staggers the board membership, helping to save the company from unintended takeover bids, and ensuring stability and continuity.

Select the correct answer
When Ahmed's company files for bankruptcy, he requests the court to give him another chance to repay debt. He tells the court that he works
for a company from which he receives monthly salary. He thinks he can repay his debts with the salary he receives. Under what legal provision
can the government grant Ahmed the option of repaying his debt?
O A Chapter 15
OB. Chapter 10
OC Chapter 11
OD. Chapter 13
Reset
Next

Answers

I think it’s b chapter 10

If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT...

A) The cost of replacing damaged sections of the roof and any broken windows

B) The cost of replacing any items inside the apartment that completely burned in the fire

C) The cost of replacing items ruined by water as firefighters put out the fire

D) The cost of your hotel room for a week while your apartment is cleaned up

Answers

Answer:

d

Explanation:

because its not really their job to find u a temporary place to live while they get ur apartment fixed

If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT The cost of your hotel room for a week while your apartment is cleaned up. Thus the correct option is D.

What is Insurance?

A contract in which an individual or organization pays a premium to an insurance firm in exchange for protection against future financial losses is termed Insurance.

A type of insurance named Renters insurance is designed to protect renters from economic harm that may occur as a result of either harm to their personal belongings or liability for harm or injury they have caused to others.

Renters' insurance is often less expensive than other types of insurance, and it is frequently required by renters as an integral part of renting a property. It can give tenants peace of mind as well as financial security.

Therefore, option D is appropriate.

Learn more about Insurance, here:

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Geralt of Rivia is an independent contractor who specializes in monster-killing. His unique skills have earned him the bargaining power to sell his services at a high price to those willing to pay for the removal of infestations of fire elementals, rock trolls, royal wyverns, or the like. Geralt specializes only in hard-to-kill monsters, however, leaving the likes of basiliks and harpies, monsters lower on the totem pole, to less sophisticated monster slayers.
Given these facts, based on the Generic Business Strategies framework, we might say that Geralt occupies the_______ (1) quadrant of the framework.
When Geralt takes a contract from a rich village seeking his aid, they represent a/n _______(2)
Geralt often buys potions and elixirs from various alchemists to help his fighting ability. However, he can make these potions and elixirs himself if he has the time. If he were to do this instead of buying from the alchemists, this would constitute a form of________ (3)
When Geralt takes a contract, it usually requires about a week of planning and preparation, which includes trips to the armorer, time spent making alchemical concoctions that protect him during the confrontation with the monster(s), and the staking out of ideal fighting ground when the battle occurs. As such, Geralt ofter has to choose between contracts, sometimes accepting one contract while forgoing the opportunity to pursue another contract. As we have discussed, this decision constitutes a_________ (4).
Now, let's say that Geralt is governed by a neutral "Council of Witchers" that ensure that those who purchase Geralt's services (e.g., rich villages or principalities plagued by monster infestations) are well-served, and that Geralt spends their gold in ways that work toward the removal of the targeted monsters which these clients have paid to have removed.
We might say that this "Council" serves as Geralt's role in this arrangement. Geralt, in turn, serves as the ______(5) and that the purchasers of Geralt's services, such as rich villages, represent the________ (6) in this arrangement. х (1) differentiation (2) buyer х (3) forward integration (4) tradeoff (5) management х (6) party __________(7) agent

Answers

Answer: 1. Differentiation focus

2. Buyer

3. Backward Integration

4. Trade off

5. Board of directors

6. Principal

7. Agent

Explanation:

1. Geralt is using Differentiation focus strategy as it gives the customers a product which they believe is superior than other similar products although the price if the product is higher than others. The product is unique from other products.

2. When Geralt takes a contract from a rich village seeking his aid, they represent a buyer.

3. If Geralt makes the potions and elixirs himself if he has the time rather than buying from the alchemists, this would constitute a form of backward integration. This is because he's expanding his role by taking up a task that's being completed previously in the supply chain.

4. Since Geralt has to choose between contracts, this is a trade off. Trade occurs when we've to choose between alternatives. In this case, we forgo some at the expense of others.

5. Based in the information given, Geralt serves as the board of director.

6. Those who buy Geralt's services, such as rich villages, represent the Principal.

7. Geralt serves as the agent. He's the one negotiating contracts and supplying what's needed.

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can be self-employed. Which careers have the highest and lowest self-employment rates?

Insurance sales has the highest rates, and tax preparation has the lowest rates.

Personal financial advising has the highest rates, and investment fund management has the lowest rates.

Investment fund management has the highest rates, and insurance sales has the lowest rates.

Tax preparation has the highest rates, and personal financial advising has the lowest rates.

Answers

Answer:

A.Insurance sales has the highest rates, and tax preparation has the lowest rates.

Explanation:

its most likely A.  Insurance sales has the highest rates, and tax preparation has the lowest rates.

Answer: A insurance sales has the highest rates, and tax preparation has the lowest rates.

Explanation:

Mrs. Eller's corporate employer has a cafeteria plan under which its employees can receive a $3,000 year-end Christmas bonus or enroll in a qualified medical reimbursement plan that pays up to $3,000 of annual medical bills. Mrs. Eller is in a 24 percent tax bracket, and her medical bills average $2,300 each year.
a. Should Mrs. Eller choose the cash bonus or the nontaxable fringe benefit? (Ignore any payroll tax implications.)
b. Does your answer change if Mrs. Eller is in the 12 percent tax bracket?

Answers

Answer and Explanation:

a. The computation is shown below;

Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280

And, non taxable fringe benefit is $2,300

So here he should use the nontaxable fringe benefit

b. Yes answer would be changed

Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640

And, non taxable fringe benefit is $2,300

hence, the same is to be considered

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