Determine the net income of a company for which the following information is available for the month of July. Employee salaries expense $ 182,000 Interest expense 12,000 Rent expense 22,000 Consulting revenue 408,000

Answers

Answer 1

Answer:

I don't know thish question


Related Questions

MAD Inc. has a capital structure consisting of 40 percent debt and 60 percent common equity financing. The company has $400 million in net income and plans to pay out 25 percent of their earnings as dividends. What is the maximum amount of new financing that the company can raise without selling new common stock

Answers

Answer:

$500 million

Explanation:

Retained earnings = Income * (1 - Dividend payout percentage)

Retained earnings = $400 million * (1-0.25)

Retained earnings = $400 million * 0.75

Retained earnings = $300 million

Amount that can be raise without selling new stock: Retained earnings / % of equity financing in total capital

= $300 million / 60%

= $300 million / 0.60

= $500 million

Why would an investor prefer purchasing bonds to purchasing stocks?
A. Unlike stocks, bonds are guaranteed to return a profit to the
investor.
B. Bonds are typically less risky than stocks.
O C. Unlike stocks, when an investor owns bonds, they own a tiny part
of the company
D. Bonds are more likely than stocks to make huge profits.

Answers

Answer:

B. Bonds are typically less risky than stocks.

Explanation:

Answer: B. Bonds are typically less risky than stocks

Explanation:a. p. e. x. (just took the test)

Suppose you borrow $8,000 of principal that must be repaid at the end of two years, along with interest of 4 percent a year. If the annual inflation rate turns out to be 6 percent,
Instructions: Enter your responses rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is the real rate of interest on the loan?
b. What is the real value of the principal repayment?
Hint: Future value = Present value × (1 + Growth in prices)t, where t is the number of years evaluated, e.g., The real value of loan repayment = Amount of loan × (1 + Real interest rate)t
c. Who loses, the debtor or the creditor?

Answers

I do not know, i just need points :/

If we add successive laborers to work a given amount of land on a wheat farm, eventually:____.
a. the increases in wheat harvested will get larger and larger.
b. average total cost will fall to zero.
c. the increases in wheat harvested will rise at a constant rate.
d. the increases in wheat harvested will get smaller and smaller.

Answers

Answer:

d. the increases in wheat harvested will get smaller and smaller.

Explanation:

A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).

An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.

Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.

When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.

If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.

Answer:

d. the increases in wheat harvested will get smaller and smaller.

Explanation:

If we add successive laborers to work a given amount of land on a wheat farm, eventually: the increases in wheat harvested will get smaller and smaller.

Rhoda Morgenstern just settled an insurance claim. The settlement calls for increasing payments over a 20-year period. The first payment will be paid one year from now in the amount of $50,000. The following payments will increase by 2 percent annually. What is the value of this settlement to Rhoda today if she can earn 5 percent on her investments

Answers

Answer:

PV = $733,271

Explanation:

From the given information:

The annual payment (P)  = $50,000

number of years (n) = 20

The growth percentage = 2% = 0.02

Rate of percentage earned = 5% = 0.05

Using the formula illustrated below to determine the Present Value (PV) of a growing annuity;

[tex]PV = \dfrac{P}{r-g}\Big ( 1 - \Big ( \dfrac{1+g}{1+r} \Big) ^n \Big)[/tex]

[tex]PV = \dfrac{50000}{0.05-0.02}\Big ( 1 - \Big ( \dfrac{1+0.02}{1+0.05} \Big) ^{20} \Big)[/tex]

[tex]PV = \dfrac{50000}{0.03}\Big ( 1 - \Big ( \dfrac{1.02}{1.05} \Big) ^{20} \Big)[/tex]

[tex]PV =1666666.667 \Big ( 1 - \Big ( 0.9714285714 \Big) ^{20} \Big)[/tex]

[tex]PV =1666666.667 \Big ( 1 -0.5600379453 \Big)[/tex]

[tex]PV =1666666.667 \Big (0.4399620547 \Big)[/tex]

[tex]PV =\$733270.0913 \\ \\ \mathbf{PV \simeq \$733,271}[/tex]

On January 1, a company issued and sold a $399,000, 9%, 10-year bond payable, and received proceeds of $394,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:

Answers

Answer:

Cash Interest payable on Bond = $399,000*4.5% = $17,955

Discount to be amortized = ($399,000-$394,000)/20 = $250

Interest expense = $17,955+$250 = $18,205

Date   Journal Entry                                  Debit      Credit            

           Interest Expense                          $18,205

                 Discount on bonds payable                    $250

                 Cash                                                          $17,955

A newspaper vendor is trying to determine how many daily papers to order. The cost to the vendor of a single paper is $0.75. The vendor sells each paper for $1.85. The value of the paper will drop to 0 the next day. If the daily demand for papers is normally distributed with a mean of 500 papers and a standard deviation of 100 papers. The newspaper vendor should order how many papers?

a. 500
b. 525
c. 559
d. 795
e. 475

Answers

Answer:c

Explanation:cuz it c

To compare statement of cash flows reporting under the direct and indirect methods, indicate whether each item is used in the direct method or the indirect method.

a. Accounts payable
b. Payments to employees
c. Cash collections from customers
d. Accounts receivable
e. Payments to suppliers

Answers

Answer:

Indirect Method

      a. Accounts payable increase or decrease

      d. Accounts receivable increase or decrease.

The above are both used in the Indirect method and fall under Cashflow from Operating activities.

Direct Method    

     b. Payments to employees

     c. Cash collections from customers  

     e. Payments to suppliers

The direct method involves the above and they all fall under Cash generated from operations.

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Answers

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You enter into a short crude oil futures contract at $43 per barrel. The initial margin is $3,375 and the maintenence margin is $2,500. One contract is for 1,000 barrels of oil. By how much do oil prices have to change before you receive a margin call

Answers

Answer:

The correct answer is "43.875". A further explanation is provided below.

Explanation:

The given values are:

Initial margin,

= $3,375

Maintenance margin,

= $2,500

Barrels of oil,

= 1,000

Now,

The loss on the position will be:

= [tex]3375-2500[/tex]

= [tex]875[/tex] ($)

then,

⇒  [tex]1000 (P - 43) = 875[/tex]

⇒  [tex]1000P-43000=875[/tex]

On adding "43000" both sides, we get

⇒  [tex]1000P-43000+43000=875+43000[/tex]

⇒                             [tex]1000P=43875[/tex]

⇒                                    [tex]P=\frac{43875}{1000}[/tex]

⇒                                        [tex]=43.875[/tex]

In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year. a. The amount of suspended losses carried forward to the year of the sale is $fill in the blank 1 20,000 . b. What amount of the suspended losses is allocated to Activity D

Answers

Answer:

      a. -$20,000

      b. -$2,000

Explanation:

a. The amount of suspended losses carried forward to the year:

= 30,000 + (-30,000) + (-15,000) + (-5,000)

= -$20,000

b. Suspended losses allocated to Activity D:

First find the total amount of losses:

= -30,000 - 15,000 - 5,000

= -$50,000

Activity B accounted for -$5,000 of this loss.

Suspended losses to be allocated to D would therefore be:

= -5,000 / - 50,000 * -20,000

= -$2,000

The options for closing inventory is
A. 10.50
B. 10
C. 10.25

Total cost options are
A. 8,050
B. 8,000
C. 8,200

Answers

Answer:

i think A

Explanation:

I hope this helps:)))

Suppose that an increase in the price of melons from $0.50 to $1.50 per pound increases the quantity of melons that melon farmers produce from 2 million pounds to 4 million pounds. The price elasticity of supply in this case indicates that supply is Group of answer choices

Answers

Answer: elastic

Explanation:

The price elasticity of supply will be:

The percentage change in price will be:

= (1.50 - 0.50)/0.50 x 100

= 1.00/0.50 × 100

= 200

The percentage change in quantity will be:

= (4 -2)/2 x 100

= 2/2 × 100

= 100

Elasticity = % change in quantity/% Change in Price = 200/100 = 2

Since elasticity = 2, this indicates supply is elastic as it's greater than 1.

Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels of corn using 100 worker hours. If it decides to produce 60 barrels of oil, how many bushels of corn can it produce

Answers

Answer: 10 bushels

Explanation:

If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:

= 100 / 100

= 1 work hour

For bushels however, 1 worker hour produces:

= 25 / 100

= 0.25 bushels of corn

If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.

Bushels of corn produced is therefore:

= 40 * 0.25

= 10 bushels

Blue Corporation purchased a truck at the beginning of 2020 for $61,000. The truck is estimated to have a salvage value of $2,440 and a useful life of 195,200 miles. It was driven 28,060 miles in 2020 and 37,820 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Depreciation expense for 2020
Depreciation expense for 2021

Answers

Answer:

Depreciation expense for 2020 = $8,418  

Depreciation expense for 2021  = $11,346

Explanation:

Depreciation expense using the units-of-production method is determined as follows :

Depreciation expense  = Depreciation rate x annual usage

where,

Depreciation rate = (Cost - Salvage Value) ÷ Estimated usage

                              = ($61,000 - $2,440) ÷ 195,200 miles

                              = $0.30 per mile

thus,

Depreciation expense for 2020

Depreciation expense  = $0.30 per mile x 28,060 miles

                                       = $8,418                    

Depreciation expense for 2021

Depreciation expense  = $0.30 per mile x 37,820 miles

                                       = $11,346

Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $16.00 per unit. The unit cost for the business to make the part is $20.00, including fixed costs, and $11.00, excluding fixed costs. If 32,842 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it

Answers

Answer:

$164,210 decrease

Explanation:

Calculation to determine what would be the amount of differential cost increase or decrease from making the part rather than purchasing it

Differential cost increase or decrease=(32,842 * 16)- (32,842 * 11)=

Differential cost increase or decrease=$525,472-$361,262

Differential cost increase or decrease=$164,210 decrease

Therefore what would be the amount of differential cost increase or decrease from making the part rather than purchasing it is $164,210 decrease

If Serena runs her own business and is responsible for everything, she is a/an

Answers

Answer:An entrepreneur

Explanation:

An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of her business venture.

Road Master Shocks has 15,000 units of a defective product on hand that cost $80,000 to manufacture. The company can either sell this product as scrap for $6 per unit or it can sell the product for $9 per unit by reworking the units and correcting the defects at a cost of $40,000. Prepare a schedule to show the effect of selling the defective units as scrap or rework.

Answers

Answer:

If the units are reworked, net income will increase by $5,000.

Explanation:

Giving the following information:

Number of units= 15,000

Sell as-is:

Selling price= $6 per unit

Rework:

Selling price= $9

Total cost= $40,000

The original production costs ($80,00) should not be taken into account because they remain constant for the two options.

Now, we will determine the effect on the income of both choices:

Sell as-is:

Effect on income= 6*15,000= $90,000 increase

Re-work:

Revenue= 15,000*9= 135,000

Total cost= (40,000)

Effect on income0 $95,000 increase

If the units are reworked, net income will increase by $5,000.

Additional data for the current year are as follows: (a) Net income, $75,800. (b) Depreciation reported on income statement, $38,000. (c) Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000. (d) Bonds payable for $75,000 were retired by payment at their face amount. (e) 2,500 shares of common stock were issued at $30 for cash. (f) Cash dividends declared and paid, $40,000. (g) Investments of $100,000 were sold for $125,000.

Answers

Answer:

Note: Full question is attached as picture below

                                    Barry Company

                            Statement of Cash Flows

                 For the Tear Ended December 31, Year 2

Cash flows from operating activities:

Net income                                             $75,800

Adjustments to reconcile net income to

net cash flow from operating activities:

Depreciation expense                           $38,000

Gain on sale of investments                -$25,000

Changes in current operating

assets & liabilities:

Decrease in Accounts receivable        $9,200  

Increase in inventories                        -$16,000

Increase in Accounts payable              $12,500

Net cash flow from operating activities                     $94,500

Cash flows from investing activities:

Sale of investments                               $125,000

Purchase of equipment                        -$150,000

Net cash flow used for investing activities               -$25,000

Cash flows from financing activities:

Retirement of bonds payable               -$75,000  

Issuance of common stock                    $75,000

Payment of dividends                           -$40,000

Net cash flow used for financing activities               -$40,000

Net increase in cash                                                      $29,500

Cash at the beginning of the year                                 $42,500

Cash at the end of the year                                           $72,000

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Answers

Answer:

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Hardy Company must maintain a compensating balance of $50,000 in its checking account as one of the conditions of its short-term 6% bank loan of $500,000. Hardy's checking account earns 2% interest. Ordinarily, Hardy would maintain a $20,000 balance in the account for transaction purposes. What is the loan's approximate effective interest rate

Answers

Answer:

The loan's approximate effective interest rate is 6.17%.

Explanation:

Interest expense = Short term bank loan * Short term bank loan interest rate = $500,000 * 6% = $30,000

Interest income = Balance in the account checking account * Interest rate on checking account balance = $20,000 * 2% = $400

Net interest expense = Interest expense - Interest income = $30,000 - $400 = $29,600

Available amount = Short term bank loan interest rate - Balance in the account checking account = $500,000 - $20,000 = $480,000

Effective interest rate = Net interest expense / Available amount = $29,600 / $480,000 = 0.0617, or 6.17%

Therefore, the loan's approximate effective interest rate is 6.17%.

MFK Corp. wants to raise capital and is considering an offer of bonds and debentures. It is not sure of a particular disclosure requirement, so MFK poses its question to the SEC and requests an interpretation letter. If the SEC issues an interpretive letter addressing MFK's question and MFK follows the statements contained in the letter, MFK cannot be penalized should the advice be incorrect.

a. True
b. False

Answers

Answer:

B FALSEEEEEEEEEEEEEEEEEEEE

Lynch Company began operations in 2019. The company reported $24,000 of depreciation expense on its income statement in 2019 and $26,000 in 2020. On its tax returns, Lynch deducted $32,000 for depreciation in 2019 and $37,000 in 2020. The 2020 tax return shows a tax obligation (liability) of $12,000 based on a 25% tax rate.

Required:
Determine the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019 and 2020.

Answers

Answer:

2019 $8,000

2020 $19,000

Explanation:

Calculation to determine the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019 and 2020.

Calculation for 2019 Temporary differences

2019

Using this formula

2019 Temporary differences = 2019 Depreciation- 2019 depreciation expense

Let plug in the formula

2019 Temporary differences =$32,000 - $24,000

2019 Temporary differences= $8,000

Calculation for 2020 Temporary differences

Using this formula

2020 Temporary differences=(2019 Depreciation+2020 Depreciation)-( 2019 Depreciation expense+2020 Depreciation expense)

Let plug in the formula

2020 Temporary differences= ($32,000 + $37,000) - ($24,000 + $26,000)

2020 Temporary differences=$69,000-$50,000

2020 Temporary differences= $19,000

Therefore the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019 and 2020 will be $8,000 and $19,000

Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.

Answers

Answer:

Credit, $200

Explanation:

The journal entry would be:

Date    Account                 Debit     Credit

            Cash                       $200

            (10 shares*$20)

                   Treasury stock              $200

            (To record the sale of treasury stock)

A company projects an increase in net income of $135,000 each year for the next five years if it invests $900,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $300,000. What is the annual rate of return on this investment

Answers

Answer:

the annual rate of return is 22.50%

Explanation:

The computation of the annual rate of return is shown below:

Average investment is

= ($900,000 + $300,000) ÷ 2

= $600,000

Now

Annual rate of return is

= Annual net income ÷ Average investment

= $135,000 ÷ $600,000

= 22.50%

hence, the annual rate of return is 22.50%

Suggest strategies to succeed in outsourcing its HR services

Answers

Answer:

The answer is below.

Explanation:

The strategies of a company to succeed in outsourcing its HR services

1. Internal Analysis and Baselining: this involves the cost and value analysis of using internal HR vs Outsourcing HR

2. Understanding Cost vs. Value of HR: knowing what the cost and value of outsourcing entails can go a long way in determining whether it offers the value the company wants

3. Identifying Core Competencies: realizing the competencies of outsourcing HR particularly in the area of competitive advantage of the company.

4. Aligning Technology to Support Operational Objectives: utilization of outsourcing HR technology and operational support ensure the company doesn't cure additional coast

5. Agreeing on Expectations with HR Outsourcer: knowing what to expect and agreed on the outcome of the outsourcing process is one of the key strategies.

6. Addressing and Enforcing Performance Metrics: Also, the expected performance and what is needed to be achieved should be discussed and ensured it is ultimately accomplished.

examples of veriable costs​

Answers

Answer:

Exmples are : labor wage, cost of inputs

Explanation:

Variable cost are the costs that are changing with changing in inputs or production.

Which account option may require larger money contributions than usual but offers a higher interest rate than traditional savings?
Certificate of deposit
Checking
Money market
Saning

Answers

Answer:

Money Market

Explanation:

I just did this

Jane's Donut Co. borrowed $198,000 on January 1, 2021, and signed a two-year note bearing interest at 11%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Multiple Choice

Answers

Answer:

$21,780

Explanation:

Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:

Interest expense at December 31, 2021=$198,000 x 11% x 12/12

Interest expense at December 31, 2021= $21,780

Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780

Consider a trader who takes a long position in a six-month forward contract on the euro. The forward rate is $1.75 = €1.00; the contract size is €62,500. At the maturity of the contract the spot exchange rate is $1.65 = €1.00. A. The trader has lost $625. B. The trader has lost $6,250 C. The trader has made $6,250 D. The trader has lost $66,287.88

Answers

Answer:

B. The trader has lost $6,250

Explanation:

Calculation to determine the amount the trader has loss

First step

You will buy at $1.75 and spend= (1.75 × 62,500) You will buy at $1.75 and spend= $109,375

Second step

But you could buy and spend= (1.65 × 62,500)

But you could buy and spend= $103.125

Now let calculate the amount the trader has loss

Loss=$103,125 - $109,375

Loss = -$6,250

Therefore The trader has lost $6,250

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You are in the process of implementing a network access protection (NAP) infrastructure to increase your network's security. You are currently configuring the remediation network that non-compliant clients will connect to in order to become compliant. The remediation network needs to be isolated from the secure network. Which technology should you implement to accomplish this task What figurative device does the author of this poem use to describe the sea in this poem? A) simile B) metaphor C) rhetoric D) personification Find the 14th term of the arithmetic sequence x-4, 7x-9, 13x-14, ... What is a carpetbagger?A carpetbagger was a northerner who tried to take advantage of the south and get rich by taking political office which confederate whites previously held. These men traveled to the south with old travel bags called carpetbags.Group of answer choicesa person who deserted the military during the Civil War and went westa farm worker who picket cotton and put it into carpet bagsa person from the North who went to the South after the Civil War to make moneya person from the South who went north after the Civil War to sell carpet Question 5 (1 point) 5 The Cool Shirts company prints personalized designs on T-shirts. The cost y for x shirts with the same design is shown in the table below. y 10 $105 20 $185 30 $265 4:0 $345 Which equation represents the relationship between x and yo! A y = 10x - 55 By = 80x + 105 C y = 8x + 25 D y = 25x + 8 a B od Solve each system of linear equations by using substitution method.x - y = -22x + y =5100 POINTS PLS ANSWER What was Charles Darwin (1809-1882)? How does Congress apply a check on the president's appointment power? Select ALL that apply.A) The Senate must confirm many top-level executive branch appointments.cross outB) The Senate must approve judicial appointments.cross outC) The House must approve judicial appointments.cross outD) The House and Senate each must confirm some of the top-level executive branch appointments. membership in the European Union countries to have which type of government?A. democracy B. monarchyC. communistD. dictatorship can someone help me with this??? Who is NOT in the three people to succeed the potus help me and please tell me how did you get the answer Is algebra.PLEASE HELP NO LINKS OR FILES.I don't want links.I don't want links.I don't want links.I don't want links. three possible reasons why the Amerindian groups of South America migrated up the Caribbean archipelago. According to the document, how did world war 1 cause the Russian revolution? Maggie is buying a jacket. The expression shown represents the sales tax on the jacket price, j.0.08j Write an expression in terms of j to represent the total amount that Maggie spends on the jacket, including tax. Donna and Dave were participating in a lab on the properties of water. First, they tried to see how many drops of water they could fit on a penny. Then they dropped water and alcohol on waxed paper and observed what happened. Next they made a streak of water and then alcohol on the lab bench. The alcohol streak dried up and disappeared first. Donna and Dave had to write an explanation for everything that happened during the lab. How can they explain the disappearing alcohol? A) Alcohol is flammable. B) Alcohol has a lower boiling point than water. C) Alcohol has a lower melting point than water. D) Alcohol has a higher boiling point than water. Vote in local elections and for quadrennial elections.Choose the best definition from the ones provided below:a.regionalc.elections that occur every four yearsb.nationald.elections that occur every two yearsTHE ANWSER IS C Send help plsssss math is difficult plzzzzzzz help for a brainly