PLEASE HELP!!! 1. Sean buys 400 shares of an income stock. The company pays a dividend of $0.48 per share. What is his total dividend?​

Answers

Answer 1

Answer:

$1 92

Explanation:

Total dividend = numbers of share * dividend per share

=400 * $0.48

=$192


Related Questions

Commercial paper. ​ Criss-Cross Manufacturers will issue commercial paper for a​ short-term cash inflow. ​ Criss-Cross must raise ​$​, and the paper will have a maturity of days. If this paper has a maturity value of ​$ and is selling at an annual interest rate of ​, what are the proceeds from each​ paper; that​ is, what is the discount rate on the commercial​ paper? What is the discount rate on the commercial​ paper? nothing​% ​(Round to two decimal​ places.)

Answers

Answer:

Proceeds from Commercial paper $48,035.92

Discount rate on commercial paper 3.93%

Explanation:

Calculation to determine the proceeds from each​paper

First step is to calculate 182 days rate

182 days rate = 0.082 * 182/365

182 days rate= 0.040887671

Now let calculate the Proceeds from Commercial paper using this formula

Proceeds from Commercial paper = Par value * 1/(1+i for time of issue)

Let plug in the formula

Proceeds from Commercial paper =$50,000 *1/(1+0.040887671)

Proceeds from Commercial paper=$48,035.92

Therefore The proceeds from commercial paper is $48,035.92

Calculation to determine the discount rate on the commercial​paper

First step is to calculate the Discount

Discount = $50,000-$48035.92

Discount=$1,964.02

Now let calculate the Discount rate on commercial paper

Discount rate on commercial paper =$1964.02./50000

Discount rate on commercial paper = 0.039282*100

Discount rate on commercial paper= 3.93%

Therefore the Discount rate on commercial paper is 3.93%

Suppose a Geographic Information Systems (GIS) research firm is approached by the state legislature and asked to provide data about vehicle movement within the state for all cars that can be tracked with direct GPS or through the owner's smartphone. Based on the movement of the cars (and phones) over a certain time, the police can decide when a car was speeding. They intend on using this data to send speeding tickets to those who moved too far, too fast. Also, if an underage driver spends too long parked by an adult only establishment, police will be notified to investigate. If you are the research firm, would you supply the data?

Answers

Answer:

No. I would not supply the data.

Explanation:

Was the GIS research firm commissioned by the state legislature?  The state lacks the authority to demand the GIS information.  Moreover, the data subjects did not give their consent for the information to be used for this purpose.  It will be a violation of data privacy rules to provide the data when the consents of the data subjects were not obtained.

In the month of March, Baldwin corporation received orders of 169 units at a price of $15 for the product boat. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 112 units in March and the balance of 56 units in April. They receive payments of 56 units in March, 56 units in April, and 56 units in May. How much revenue is recognized on the March income statement from this order how much

Answers

Answer: $1,680

Explanation:

According to the Accrual method, revenue from sales is recognized when the obligations of the sale have been fulfilled. In other words, when the goods are delivered.

In March, Baldwin delivers 112 units so this is the units that will be recognized for revenue:

= 112 * 15 per unit

= $1,680

Advanced Products Corporation has supplied the following data from its activity-based costing system:
Overhed Costs
Wages and salaries $300,000
Other overhead costs 100,000
Total overhead costs $400,000
Activity Cost Pool Activity Measure Total Activity
for the Year
Supporting direct labor Number of direct labor-hours 20,000 DLHs
Order processing Number of customer orders 400 orders
Customer support Number of customers 200 customers
Other This is an organization-
sustaining activity Not applicable
Distribution of Resource Consumption Across Activities
Supporting Direct Order Customer Other Total
Labor Processing Support
Wages and salaries 40% 30% 20% 10% 100%
Other overhead costs 30% 10% 20% 40% 100%
During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow:
Data Concerning the Shenzhen Enterprises Order
Units ordered 10 units
Direct labor-hours 2 DLHs per unit
Selling price $300 per unit
Direct materials $180 per unit
Direct labor $50 per unit
1. Using Exhibit, prepare a report showing the first-stage allocations of overhead costs to the activity cost pools.
2. Using Exhibit, compute the activity rates for the activity cost pools.
3. Prepare a report showing the overhead costs for the order from Shenzhen Enterprises including customer support costs.
4. Using Exhibit, prepare a report showing the customer margin for ShenzhenEnterprises.

Answers

Answer:

1. Direct labor Support $150,000

Order processing $100,000

Customer Support $80,000

Other $70,000

Totals $400,000

2. Activity cost pool Activity rate

Supporting direct labor $ 7.50 per DLH

Order processing $ 250 per order

Customer Support $ 400 per customer

3. Overhead cost $800

4.$-100

Explanation:

1. Prepare of the report showing the first-stage allocations of overhead costs to the activity cost pools.

Direct labor Support Order processing Customer Support Other Totals

Wages and salaries $120,000 $90,000 $60,000 $ 30,000 $300,000

(40%*$300,000=$120,000)

(30%*$30,000=$90,000)

(20%*$300,000=$60,000)

(10%*$300,000=$30,000)

(100*$300,000=$300,000)

Other overheads cost $ 30,000 $10,000 $20,000 $ 40,000 $ 100,000

(30%*$100,000=$30,000)

(10%*$100,000=$10,000)

(20%*$100,000=$20,000)

(40%*$100,000=$40,000)

(100%*$100,000=$100,000)

TOTAL COST $150,000 $100,000 $80,000 $70,000 $400,000

Therefore the first-stage allocations of overhead costs to the activity cost pools are :

Direct labor Support $150,000

Order processing $100,000

Customer Support $80,000

Other $70,000

Totals $400,000

2. Computation for the activity rates for the activity cost pools.

Activity cost pool Activity rate

Supporting direct labor $ 7.50 per DLH

($150,000/20,000=$ 7.50)

Order processing $ 250 per order

($100,000/400=$250)

Customer Support $ 400 per customer

($80,000/200=$400)

Therefore the activity rates for the activity cost pools are:

Activity cost pool Activity rate

Supporting direct labor $ 7.50 per DLH

Order processing $ 250 per order

Customer Support $ 400 per customer

3. Preparation of a report showing the overhead costs for the order from Shenzhen Enterprises including customer support costs.

Activity cost pool ABC cost

Supporting direct labor $150

($7.50*2*10)

Order processing $250

($100,000/400=$250)

Customer Support $400

($100,000/200=$400)

Overhead cost $ 800

($150+$250+$400)

Therefore the overhead costs for the order from Shenzhen Enterprises including customer support costs is $800

4. Preparation of a report showing the customer margin for Shenzhen Enterprises

Shenzhen Enterprises

Customer Margin - ABC Analysis

Sales (10* $300) 3,000

Less Costs:

Direct materials (10*$180) $1,800

Direct labor (10 * $50) $ 500

Overhead cost $800

($150+$250+$400)

Total cost ($3,100)

Customer margin $-100

($3,000-$3,100)

Therefore the customer margin for Shenzhen Enterprises is $-100

Of the following, ________ is the most closely aligned with employees’ perceptions of procedural justice.

Answers

Answer:

Job performance

Explanation:

Of the following, Job performance  is the most closely aligned with employees’ perceptions of procedural justice.

Fickle Company purchased a machine at a total cost of $220,000 (no residual value) at the beginning of 2018. The machine was being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2021, it was decided to change to straight-line. An accompanying disclosure note would include each of the following except: Multiple Choice The cumulative effect of the change. Justification that the change is preferable. The effect of a change on per share amounts affected for all periods reported. The effect of a change on any financial statement line items affected for all periods reported.

Answers

Answer:

Fickle Company

An accompanying disclosure note would include each of the following except:

The effect of a change on per share amounts affected for all periods reported.

Explanation:

a) Data and Analysis:

Total cost of machine = $220,000

Useful life of machine = 10 years

Method of depreciation = the sum-of-the-years'-digits method

b) The sum-of-the-years'-digits method of depreciation adds up the years (e.g. 10, 9, 8, 7, 6, 5, 4, 3, 2, 1) to obtain 55 as the sum-of-the-years'-digits denominator.  Each year's depreciation is then based on the number of years remaining.  For example, the depreciation expense for year 1 will be $40,000 (10/55 * $220,000).

In disclosing this change in accounting method, that is, from the sum-of-the-years'-digits method to the straight-line method of depreciation, Fickle does not need to disclose the effect of the change on per share basis.

Prepare general journal entries to record the following transactions.Omit explanations.

Jan.
3 Paid office rent, $1,600.
4 Bought a truck costing $50,000, making a down of $7,000
6 Paid wages, $3,000.
7 Received $1 6,000 cash from customers for services performed.
10 Paid $4,100 owed on last month's bills.
12 Billed credit customers, $5,300
17 Received $1 ,800 from credit customers.
19 Taylor Gordon, the owner, withdrew $1,700.
23 Paid $700 on amount owed for truck
29 Received bill for utilities expense, $255.

Answers

Answer:

Jan 3

Debit : Rent  $1,600

Credit : Cash $1,600

Explanation:

if there is no immediate payment of cash raise a liability - accounts payable

A hospital needs 2,900 units of a medicine throughout the year. The purchasing cost varies with the size of the order. If the number of units of the medicine that the hospital orders is below 100, the supplier charges $30 per unit; if it is between 100 and 499, the price is $27 each; and if they order 500 units and above, it is $26 per unit. The holding cost per unit per year is $30, as the medicine must be kept in a special device to prevent spoilage. The ordering cost is $10.

Required:
a. How many units of medicine should the hospital order to minimize their total annual cost?
b. What is the minimum annual total cost?

Answers

Answer:

a. 100 units are ordered  

b. Minimum Total annual cost = 80090

Explanation:

Given that,

D=2900.

C = $30 IF q<100

    = $27 IF 100<Q<499.

    = $26 IF Q>500.

C(H) = $30

C(O) = $10.

EOQ = √(2*D*C(O)/C(H))

        = √( 2*2900*10/30)

        = √( 1933.3333)

         = 43.97

TAC if 44 units are ordered =  (2*D*C(O)*C(H))+D*C

                                             = 2*2900*10*30+ 2900*30

                                             = 1319.09+ 87000 = 88319.09

TAC if 100 units are ordered  = 2900/100*10+ 100/2*30+ 2900*27

                                                = 29*10+ 50*30+2900*27

                                                = 290+1500+78300

                                                = 1790 + 78300 = 80090

if 500 units are ordered  = 2900/500*10+ 500/2*30+2900*26

                                        = 58+ 7500+75400= 82958.

∴ we get

100 units are ordered  

Minimum Total annual cost = 80090.

You are considering a new product launch. The project will cost $1,950,000, have a four-year life, and have no salvage value; depreciation is straight-line to zero. Sales are projected at 180 units per year; price per unit will be $24,000, variable cost per unit will be $15,000, and fixed costs will be $540,000 per year. The required return on the project is 10 percent, and the relevant tax rate is 34 percent.
1. What is the cash break-even level of output for this project (ignoring taxes)? (Round your answer to 2 decimal places. (e.g., 32.16))
Cash break-even
2. What is the accounting break-even level of output for this project? (Round your answer to 2 decimal places. (e.g., 32.16))
Accounting break-even

Answers

Answer:

20,708.33

141,17

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Breakeven price = (fixed cost / quantity sold) + variable price per unit

A band sells shirts, CDs, and other merchandise online. They are using Excel to track sales by date and by name
of the buyer. They would like for any purchases over $50 to be highlighted automatically so that they can send a
special gift to those buyers.
Which is the best way to make Excel automatically highlight these sales?

Answers

Answer:

its 3

Explanation:

(Identify Temporary Differences and Classification Criteria) The asset-liability approach for recording deferred income taxes is an integral part of generally accepted accounting principles.
Instructions
(a) Indicate whether each of the following independent situations should be treated as a temporary difference or as a permanent difference, and explain why.
(1) Estimated warranty costs (covering a 3-year warranty) are expensed for financial reporting purposes at the time of sale but deducted for income tax purposes when paid.
(2) Depreciation for book and income tax purposes differs because of different bases of carrying the related property, which was acquired in a trade-in. The different bases are a result of different rules used for book and tax purposes to compute the basis of property acquired in a trade-in.
(3) A company properly uses the equity method to account for its 30% investment in another company. The investee pays dividends that are about 10% of its annual earnings.
(4) A company reports a gain on an involuntary conversion of a nonmonetary asset to a monetary asset. The company elects to replace the property within the statutory period using the total proceeds so the gain is not reported on the current year’s tax return.
(b) Discuss the nature of the deferred income tax accounts and the manner in which these accounts are to be reported on the balance sheet.

Answers

Answer:

Your question is very complicated pal

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

Direct materials: 5 pounds at $9 per pound $45
Direct labor: 3 hours at $14 per hour 42
Variable overhead: 3 hours at $8 per hour 24
Total standard cost per unit $111

The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs:

a. Purchased 180,000 pounds of raw materials at a cost of $8.50 per pound. All of this material was used in production.
b. Direct laborers worked 69,000 hours at a rate of $15 per hour.
c. Total variable manufacturing overhead for the month was $565,200.

Required:
a. What raw materials cost would be included in the company's planning budget for March?
b. What raw materials cost would be included in the company's flexible budget for March?
c. What is the materials price variance for March?

Answers

Answer:

Preble Company

a. The raw materials cost for the planning budget for March is:

= $1,260,000

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000

c. The materials price variance for March is:

= $90,000

Explanation:

a) Data and Calculations:

Standard Cost Card Per Unit:

Direct materials: 5 pounds at $9 per pound $45

Direct labor:        3 hours at $14 per hour        42

Variable overhead: 3 hours at $8 per hour     24

Total standard cost per unit                           $111

Planning budget production and sales for March = 28,000 units

Actual production and sales  for March =  34,000 units

Purchase of 180,000 pounds of raw materials / 5 = 36,000 units

Purchase cost = $8.50 per pound

Price variance = $0.50 per pound favorable ($9.00 - $8.50)

Total purchase cost = $1,530,000

Direct labor worked = 69,000

Standard labor hours = 34,000 * 3 = 102,000 hours

Direct labor volume variance = 33,000 hours (102,000 - 69,000)

Standard variable manufacturing overhead = $816,000 (34,000 * $24)

a. The raw materials cost for the planning budget for March is:

= $1,260,000 ($9 * 5 * 28,000)

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000 ($9 * 5 * 34,000)

c. The materials price variance for March is:

= $90,000 ($9 - $8.50)180,000

If a company's current ratio increases from 1.2 to 1.4 from one year to the next, and its quick ratio decreases from 0.2 to 0.15 over the same time period, this indicates: a. the current liabilities have decreased. b. the inventory management should be further examined. c. the liquidity must have increased. d. the accounts receivable have decreased.

Answers

Answer: b. the inventory management should be further examined.

Explanation:

The Quick ratio is calculated by deducting inventory from the current assets and then dividing that amount by current liabilities while the Current ratio is simply dividing the current assets by the current liabilities.

If the Current ratio increased, it means that the company has more current assets per current liabilities from last year. The fact that the quick ratio dropped however, points to most of the current asset increase being the inventory which means that the company is carrying a lot of inventory.

Their management of inventory such that they are carrying such amounts therefore needs to be further examined before a decision is made on their liquidity.

As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 16 million shares for $59 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $36 million and distributed cash dividends of $2.25 per share. At the end of the year, the fair value of the shares is $55 million.

Required:
a. Prepare the appropriate journal entries from the purchase through the end of the year.
b. Record the investment revenue in Nursery Supplies shares
c. Record the cash dividends received from Nursery Supplies shares

Answers

Answer: Please find answers in explanation column

Explanation:

To record investment  in Nursery Supplies

Account title and explanation                                Debit                 Credit

Investment in Nursery supplies common stock    $59 million

 Cash                                                                                                 $59 million

2. To record share in  net income by Nursery supplies

Account title and explanation                                Debit                 Credit

Investment in Nursery supplies common share   $9 million

Investment Revenue                                                                       $9 million

Calculation

25% x net income of $36 million   =$9 million

3.To record share in dividends received from Nursery Supplies

Account title and explanation                     Debit                       Credit

 Cash                                                             $9 million  

Investment in Nursery supplies common share                            $9 million

Calculation

16 million shares  x 25% x $2.25per share=$9 million  

C Corporation is investigating automating a process by purchasing a machine for $808,200 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $141,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $22,800. The annual depreciation on the new machine would be $89,800. The simple rate of return on the investment is closest to (Ignore income taxes.): Multiple Choice 11.28% 5.28% 6.52% 16.88%

Answers

Answer:

6.52%

Explanation:

According to the scenario, computation of the given data are as follows,

New machine cost = $808,200

Scrap sold = $22,800

Cost of investment = $808,200 - $22,800 = $785,400

Saving from new machine = $141,000

Annual depreciation of machine = $89,800

Net operating income = $141,000 - $89,800 = $51,200

Now we can calculate the rate of return by using following formula,

Simple rate of return = Net operating income ÷ Cost of Investment

= $51,200 ÷ $785,400

= 6.52%

On January 1, 2017, Alexis Company purchased a delivery truck for $60,000. They estimated the useful life of the truck to be 6 years, and the salvage value to be $12,000. On July 1, 2022, they sold the truck for a loss of $1,200. Assuming the company uses straight line depreciation, what was the selling price of the truck

Answers

Answer:

$14,800

Explanation:

The computation of the selling price of the truck is shown below:

The depreciation expense is

= ($60,000 - $12,000) ÷ 6 years

= $8,000

Now the depreciation for 5.5 years is

= $8,000 × 5.5 years

= $44,000

Now book value is

= $60,000 - $44,000

= $16,000

ANd, finally the selling price of the truck is

= $16,000 - $1,200

= $14,800

Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials.)
January 1 December 31.
Inventories Raw materials inventory $ 6,900 $ 11,600
Work in process inventory 12,600 12,000
Finished goods inventory 9,700 7,400
Activity during current year
Materials purchased $ 133,500
Direct labor 104,000
Factory overhead 46,500
Cost of Direct Material Used is Computed as:________

Answers

Answer:

$128,800

Explanation:

Open a Direct Materials T - Account to calculate the Cost of Direct Material Used.

Direct Materials T - Account

Debit :

Beginning Materials Inventory                $ 6,900

Materials Purchases                              $ 133,500

Total                                                        $140,400

Credit :

Materials Used (Balancing figure)       $128,800

Ending Materials Inventory                    $ 11,600

Total                                                       $140,400

Therefore,

Cost of Direct Material Used is $128,800

What is a disadvantage of merging cells? Merging cells combines formatting styles. Once cells are merged the process cannot be reversed. Multiple cells can be combined into one reference. Data functions in multiple cells may not be recognized.

Answers

Answer: Data functions in multiple cells may not be recognized.

Explanation:

When cells are merged on Excel, the data functions that were on the different cells that were merged may not be recognized in the merged cell so they will need to be inputted again.

This presents its own problem if the merged cells contained functions that had been used to calculate different things. The question then shifts to which function should stay in the merged cell out of the various functions that the composite cells had.

Recording Entries for an Installment Note Payable On January 1, 2020, a borrower signed a long-term note, face amount, $70,000; time to maturity, three years; stated rate of interest, 8%. The market rate of interest of 10% determined the cash received by the borrower. The note will be paid in three equal annual installments of $27,162 each December 31 (which is also the end of the accounting period for the borrower). Required a. Compute the cash received by the borrower and prepare a debt amortization schedule. Note: Round your answer to the nearest whole dollar.

Answers

Answer:

A. $56,000

B. Jan 1, 2020 $70,000

Dec 31, 2020

$27,162 $5,600 -$21,562 $48,438

Dec 31, 2021

$27,162 $3,875 -$23,287 $25,150

Dec 31, 2022

$27,162 $2,012 -$25,150 $0

Total $81,486 $11,487, $70,000

B. Jan 1, 2020

Dr Cash $56,000

Dr Discount on Note Payable $14,000

Cr Note Payable $70,000

Dec 31, 2020

Dr Interest Expense $5,600

Dr Note Payable $21,562

Dr Cash $27,162

Dec 31, 2021

Dr Interest Expense Dr $3,875

Dr Note Payable Dr $23,287

Cr To Cash $27,162

Dec 31, 2022

Dr Interest Expense $2,012

Dr Note Payable $25,150

Cr To Cash $27,162

Explanation:

A. Computation for the cash received by the borrower

Cash received by the borrower=70000*8%/10%

Cash received by the borrower=$56,000

Therefore The Cash received by the borrower is $56,000

B.Preparation of a debt amortization schedule.

DEBT AMORTIZATION SCHEDULE

Date Cash Interest Expense Reduction in N.P Carrying Value

Jan 1, 2020 $70,000

Dec 31, 2020

$27,162 $5,600 -$21,562 $48,438

($70,000*8%=$5,600)

($27,162-$5,600=21,562)

($70,000-$21,562=$48,438)

Dec 31, 2021

$27,162 $3,875 -$23,287 $25,150

(8%*$48,438=$3,875)

($27,162-$3,875=$23,287)

($48,438-$23,287=$25,150)

Dec 31, 2022

$27,162 $2,012 -$25,150 $0

(8%*$25,151=$2,012)

($27,162-$2,012=$25,150)

($25,151-$25,150)

Total

Jan 1, 2020 $70,000

Dec 31, 2020

$27,162 $5,600 -$21,562 $48,438

Dec 31, 2021

$27,162 $3,875 -$23,287 $25,150

Dec 31, 2022

$27,162 $2,012 -$25,150 $0

Total $81,486 $11,487, $70,000

b. Preparation of the required entries for the borrower for the issuance of the note on January 1, 2020, and the interest payments in 2020, 2021, and 2022

Jan 1, 2020

Dr Cash $56,000

Dr Discount on Note Payable $14,000

($70,000-$56,000)

Cr Note Payable $70,000

Dec 31, 2020

Dr Interest Expense $5,600

Dr Note Payable $21,562

Dr Cash $27,162

($21,562+$5,600)

Dec 31, 2021

Dr Interest Expense Dr $3,875

Dr Note Payable Dr $23,287

Cr To Cash $27,162

($3,875+$23,287)

Dec 31, 2022

Dr Interest Expense $2,012

Dr Note Payable $25,150

Cr To Cash $27,162

($2,012+$25,150)

During the year, Walt who is self-employed travels from Seattle to Tokyo, Japan, on business. His time was spent as follows: two days travel (one day each way), two days business, and two days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion): Airfare $3,000 Lodging 2,000 Meals 1,000 Presuming no reimbursement, Walt's deductible expenses are: a.$3,500. b.$6,000. c.$4,500. d.$5,500.

Answers

Answer:

d.$5,500.

Explanation:

The computation of the deductible expense is shown below:

= Airfare + lodging + 50% of meals

= $3,000 + $2,000 + 50% of $1,000

= $3,000 + $2,000 + $500

= $5,500

hence, the deductible expense is $5,500

Here we take 100% of airfare &  lodging but we took 50% for the meals

hence, the option d is correct

How does the company’s focus on recruiting accountants and related services give Accountingfly a competitive advantage?

Answers

In order for a company to make a profitable growth, it must have good terms of accounts and finance people.

The services that may lead the company to focus on competitive advantage are the benefits of hiring those accounts that are honest, hard-working and work with deadlines. The company recruitment can make a competitive advantage by taking in top-notch accountants and giving large pays thereby attracting more clients. It also does this by working with the approved rules, standards, and regulations.

Hence the option D is correct.

Learn more about the company’s focus on recruiting accountants.

brainly.com/question/13234529.

When you undertook the preparation of the financial statements for Oriole Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $83,470 $99,500 Markdowns 35,200 Markups 64,000 Markdown cancellations 19,200 Markup cancellations 9,000 Purchases 226,000 286,500 Sales revenue 310,000 Purchases returns and allowances 4,900 5,900 Sales returns and allowances 9,400 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost

Answers

Answer:

See below

Explanation:

Cost Retail

Beginning inventory 83,470 99,500

Add: Purchases 226,000 286,500

Less:

Purchases return (4,900) (5,900)

Add:

Net markups

(64,000 - 9,000) ---------- 55,000

Balance 304,570 380,100

Cost to retail percentage 80%

304,570/380,100

Less:

Net markdowns

(35,200 - 19,200) ----------- (16,000)

Goods available for sale 304,570 364,100

Less: Net sales

(310,000 - 9,400) ------- (300,600)

Estimated ending inventories at retail prices ---------- 63,500

Estimated ending inventory at cost

(63,500 × 80%) (50,800) ---------

Estimated cost of goods sold 253,770

Ending inventory at cost using the retail method is $50,800

What is the economic result of too much money being in circulation?

A. Inflation
B. Deflation
C. Recession
D. Price hikes

Answers

A.
The money is overflowing causing (inflation) to the economy.

Barton Industries expects next year's annual dividend, D1, to be $2.00 and it expects dividends to grow at a constant rate g = 4.2%. The firm's current common stock price, P0, is $20.00. If it needs to issue new common stock, the firm will encounter a 4.5% flotation cost, F. What is the flotation cost adjustment that must be added to its cost of retained earnings? Do not round intermediate calculations. Round your answer to two decimal places.

Answers

Answer: See explanation

Explanation:

The flotation cost adjustment that must be added to its cost of retained earnings will be calculated thus:

= Expected dividend / [Current price × (1 - Floatation cost)] + Expected growth rate

= 2.00/[20.00 × (1 - 4.5%)] + 4.2%

= 2.00 /[20.00 × (1 - 0.045)] + 0.042

= 2.00 / (20.00 × 0.955) + 0.042

= (2.00/19.10) + 0.042

= 0.104712 + 0.042

= 0.146712

New cost of equity = 14.67%

You didn't give the cost of equity calculated without the flotation adjustment. Let's assume that this is maybe 11%, the floatation on adjustment factor = 14.67% - 11% = 3.67%

Vanguard is evaluating new potential investments to add to their international investment fund. Their current fund composition boasts returns that, on average, exceed the S&P 500 at 8.5%. They take a conservative approach by allowing capital investments to be recovered within a decade following each purchase. Vanguard is considering adding the Hungarian firm, Kimco & Company, a new technology firm developing automation software for the automotive industry, to their fund.

Estimated details regarding the Kimco & Co. investment are as follows:

Potential investment Payback period Return on investment (ROI) Net present value (NPV) Internal rate of Return (IRR)
Kimco & co. 7 years 0.079 0 0.085

Required:
As an analyst at Vanguard, would you recommend adding Kimco & co. to their international fund?

Answers

Answer:

No, I would NOT recommend adding Kimco & co. to their international fund.

Explanation:

The following analyses have to be considered first before making a recommendation:

1. The decision rule for Payback period is to accept a project if its estimated payback period is less than the benchmark payback period. In this question, the estimated Potential investment Payback period of 7 years is less than the 10 years provided by conservative approach. Therefore, the project should be accepted based on Payback period.

2. The decision rule for Return on investment (ROI) is to reject a project if its estimated ROI is less than the average returns. In this question, the estimated ROI of 7.90% is less than the average returns of 8.50%. Therefore, the project should be rejected based on ROI.

3. The decision rule for Net present value (NPV) is to reject a project if its NPV is positive and reject if negative. In this question, the NPV is not neither positive nor negative but zero. Therefore, decision cannot be taken based on NPV.

4. The decision rule for Internal rate of Return (IRR) is to reject a project if its IRR is less than its associated average returns. In this question, the estimated IRR is not less than the average returns because they are both equal to 8.5%. Therefore, decision cannot be taken based on IRR.

Recommendation

No, I would NOT recommend adding Kimco & co. to their international fund based on the ROI.

Although the project should be accepted based on Payback period, but the ROI will still be less than the average return despite that estimated Potential investment Payback period of 7 years is less than the 10 years provided by conservative approach.

Therefore, Kimco & co. should NOT be added to their international fund.

Residual Income The operating income and the amount of invested assets in each division of Otte Industries are as follows: Operating Income Invested Assets Retail Division $ 8,000,000 $40,000,000 Commercial Division 12,750,000 75,000,000 Internet Division 270,000 1,800,000 Assume that management has established a 10% minimum acceptable rate of return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $8,000,000 $12,750,000 $270,000 Minimum acceptable operating income as a percent of invested assets fill in the blank 1 fill in the blank 2 fill in the blank 3 Residual income $fill in the blank 4 $fill in the blank 5 $fill in the blank 6

Answers

Answer: See explanation

Explanation:

The residual income for each division will be calculated as follows:

Retail division:

Operating income = $8,000,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $40,000,000 = $4,000,000

Residual income = $4,000,000

Commercial division:

Operating income = $12,750,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $75,000,000 = $7,500,000

Residual income = $5,250,000

Internet division:

Operating income = $270,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $1,800,000 = $180,000

Residual income = $90,000

From the information above, we can also see that the commercial division has the highest residual value.

Steven runs a small company that manufactures VCRs. In recent years, his sales and profits have been suffering. Steven knows that people are buying DVD players more than VCRs nowadays. However, he does not understand why people do not continue to purchase VCRs as well. After all, Blockbuster still rents VHS tapes and people still own VHS tapes. Steven refuses to begin manufacturing DVD players. He insists that his specialty lies in the production of VCRs. Steven is suffering from which of the following?
a. Slide-rule syndrome
b. Majority Fallacy
c. Marketing myopia
d. SWOT
e. Product champion

Answers

Answer:

c. Marketing myopia

Explanation:

Marketing myopia occurs when a company focuses only on its needs and capabilities and not on the needs of their customers. Obviously, this will result in decreasing sales volumes and lower profits, and could eventually result in a business failure. In this case, Steven doesn't want to realize that VCRs are no longer wanted by consumers (nor DVDs nowadays).

Based on the information given, Steven is suffering from marketing myopia.

Marketing myopia simply means when a company focuses only on its needs and not what the customers need.

Based on the information given, Steven focuses on his needs alone. Thus brought about the reduction in sales and revenue. Therefore, Steven is suffering from marketing myopia.

Read related link on:

https://brainly.com/question/23863404

The broker has noticed that a great number of people who are buying in the neighborhood where his listing is located speak Russian. He also noticed a Russian grocery store right by the neighborhood that was attractive. He decides to stop the advertising the property and started advertising the property on two different Russian internet sites. This is:________
a) acceptable because it is not print media
b) unnacceptable due to its discrimnatory nature
c) acceptable if the advertisement includes no preferential language
d) the only appropriate way to market property in this neighborhood

Answers

Answer:

c) acceptable if the advertisement includes no preferential language

Explanation:

In the given case since it is mentioned that grocery store was attractive and he decided to stop the advertising of the property and begins the advertising on two distinct russian internet site so this would be acceptable in the case when the advertisement does not involve any kind of preferential language

Therefore the option c is correct

Each of the situations below represents a negative outcome of one of Erik Erikson's Psychosocial Stages. Determine which psychosocial stage resulted in each set of behaviors described below; speculate as to what circumstances may have resulted in the negative outcome; and describe what behaviors would be indicative of a positive outcome of that same stage.
1) Jason is a 14-year-old seventh grader who moved to Saint Cloud this summer from another state. He has recently been referred to the school psychologist because of concerns about both his academic performance and school behavior. A review of his school records shows that Jason repeated kindergarten and third grade. His elementary school grades were primarily S's ("Satisfactory") and N's ("Needs Improvement"). His current teachers state that they are unsure of Jason's academic skills because he typically does not turn in assignments and appears to "clown around" and not take exams and assignments seriously.
2) Brenda is a 5th-year undergraduate student. She began her post-secondary education as a nursing major at a private college, but decided she wanted to pursue a career in special education, so she transferred to a state university with a large education program. After a year, she discovered that special education was not for her, so she transferred back to the college where she had first enrolled and registered for courses in the psychology major sequence. She is now a liberal studies major and will graduate in May. Brenda has thought about applying to law schools, but recently decided she really didn't want a career in law. At this point she has no firm career plans. Rather, she had decided to work as a waitress for at least a year, and after that, who knows?
3) Carrie is a 36-year-old woman who is currently being seen for counseling at the community mental health center. Her second marriage recently ended in divorce, and she has sought counseling so that she might "find" herself and get her life "back on track." Carrie married for the first time at age 18, but she and her husband grew increasingly apart and found they had little in common, other than their two children! She remarried shortly after her first divorce as she felt "empty" being alone and thought both she and her children needed a man in the house, but that marriage also proved unsuccessful. She is now thinking of attending college, and is trying to figure out what to do "with the rest of her life."

Answers

Do you want to write a longer question

Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows.
Department Sales Purchase Orders
Books $180,400 1,290
Magazines 123,000 690
Newspapers 106,600 1,020
Total $410,000 3,000
Complete a table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.

Answers

Answer:

The advertising department expense allocated to each department are as follows:

Books Dept = $11,748

Magazines Dept = $8,010

Newspapers Dept = $6,942

Totals advertising department expenses allocated = $26,700

The purchasing department expenses allocated to each department are as follows:

Books Dept = $20,081

Magazines Dept = $10,741

Newspapers Dept = $15,878

Total purchasing department expenses allocated = $46,700

Explanation:

Note: See the attached excel for the completed table used in allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.

From the attached excel, the advertising department expense allocated to each department are as follows:

Books Dept = $11,748

Magazines Dept = $8,010

Newspapers Dept = $6,942

Totals advertising department expenses allocated = $26,700

From the attached excel, the purchasing department expenses allocated to each department are as follows:

Books Dept = $20,081

Magazines Dept = $10,741

Newspapers Dept = $15,878

Total purchasing department expenses allocated = $46,700

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