Answer:
Effect on income= $18,500 increase
Explanation:
Giving the following information:
Contribution margin= $37,000
Fixed costs= $74,000
Unavoidable fixed costs= $18,500
We will consider only the avoidable fixed costs:
Avoidable fixed costs= 74,000 - 18,500= $55,500
Current loss= 37,000 - 55,500= -$18,500
Now, the effect on the income of eliminating the department:
Effect on income= current loss + contribution margin
Effect on income= -18,500 + 37,000
Effect on income= $18,500 increase
Journalize Period Payroll The payroll register of Castilla Heritage Co. indicates $1,860 of social security withheld and $465 of Medicare tax withheld on total salaries of $31,000 for the period. Federal withholding for the period totaled $5,270. Retirement savings withheld from employee paychecks were $2,500 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
Answer:
Details Debit Credit
Salary Expense $31,000
Social Security Tax Payable $1,860
Medicare Tax Payable $ 465
Federal Withholding Tax Payable $5,270
Retirement Savings/ Contribution Payable $2,500
Salary Payable $41,095
Portfolio Beta (LG10-3) You have a portfolio with a beta of 1.16. What will be the new portfolio beta if you keep 90 percent of your money in the old portfolio and 10 percent in a stock with a beta of 0.69?
Answer:
the new portfolio beta is 1.11
Explanation:
The computation of the new portfolio beta is as follows;
The Beta of the new portfolio is
= (Portfolio beta × given percenatge) + (beta of the stock × given percentage)
= (1.16 × 0.9) + (0.69 × 0.1)
= 1.11
hence, the new portfolio beta is 1.11
We simply applied the above formula so that the correct value could come
And, the same is to be considered
True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
Answer: false
Explanation:
The coupons are a type of promo code that is used for shopping or when buying a ne product or an item of sale. There are various sorts of coupons such as those of the households, personal care, and grocery coupons,
As per the economic theory people who don't clip the coupons that are free dint behave rationally is false. As coupons is a sort of discount rate that is only applicable to the specific items and has serval conditions.Hence the option is False.
Learn more about the According to economic theory, because of coupons.
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At age 37 you start saving for retirement if your investment plan pays an APR of 6% and you want to have $.09 million when you retire in 28 years, how much should you deposit monthly?
Answer:
Monthly deposit= $1,036.116
Explanation:
Giving the following information:
Future Value (FV)= $900,000
Number of periods= 28*12= 336 months
Interest rate (i)= 6% = 0.06/12= 0.005
To calculate the monthly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= {900,000*0.005) / [(1.005^336) - 1]
A= $1,036.116
Which of the following scenarios BEST illustrates the role of money as a medium of exchange?
A
Jane writes a $600 check to pay her rent.
B
Jane has a $500 balance on her credit card.
C
Jane puts 5% of her income into savings each month.
D
Jane uses her investments as collateral for a business loan.
Answer:it’s A
Explanation: I just took a test with this question
Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent. Option (a) is correct.
What do you mean by Exchange?Giving or receiving something in exchange for another is known as an exchange.
As a means of exchange, money makes transactions for goods and services easier. Producers trade money for the products they sell to wholesalers. Retailers then sell the goods to consumers in exchange for money from wholesalers, who in turn sell their products to them.
The first function of money is that it is a medium of trade, which implies that it works as a go-between for buyers and sellers. The accountant now trades accounting services for money instead of shoes when they were first introduced.
Therefore, Option (a) is correct. Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent.
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Kellogg Co. (K) recently earned a profit of $2.22 earnings per share and has a P/E ratio of 19.35. The dividend has been growing at a 6 percent rate over the past few years. If this growth rate continues.
Required:
a. What would be the stock price in four years if the P/E ratio remained unchanged?
b. What would the price be if the P/E ratio declined to 16 in four years?
Answer and Explanation:
The computation is shown below:
The following formula should be used
= P/E ratio × EPS × (1 + growth rate)^n umber of years
a. The stock price in four years is
= $19.35 × $2.22 × (1 + .06)^4
= $54.23
b. The stock price in four years in the case when the P/E ratio fall to 16
= $16 × $2.22 × (1 + .06)^4
= $44.84
We simply applied the above formula so that the correct price could come
And, the same is to be considered
In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this change impact GDP in the economy?
Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
Last year's sales revenues at Coffee Connection were $27,000, and the cost
of sales was $24,840. What was Coffee Connection's gross profit margin last
year, expressed as a percentage?
A. 9%
B. 27%
C. 92%
D. 8%
Answer: it’s 8%
Explanation:
just took the test
A company reports basic earnings per share of $3.50, cash dividends per share of $1.25, and a market price per share of $64.75. The company's dividend yield equals:
a. 1.93%
b. 2.14%
c. 4.67%
Answer:
$1.93
Explanation:
The earnings per share is $3.50
Cash dividend per share is $1.25
Market price per share is $64.75
Therefore the company's dividend yield can be calculated as follows
= 1.25/64.75
= 0.0193 × 100
= $1.93
Hence the company's dividend yield is $1.93
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
help can someone solve this ?
Answer:
4;BD
Explanation:
IT like saying that when his income was zero his consumption was zero so F is zero for income, B is zero for consumption
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:Fixed manufacturing costs $50,000 per monthVariable manufacturing costs $12.00 per ton of steelNikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?a) $520,000b) $650,000c) $480,000d) $530,000
Answer:
d) $530,000
Explanation:
The computation of the total manufacturing cost for the march month is shown below
= Fixed manufacturing cost + (produced tons × variable manufacturing cost per ton)
= $50,000 + (40,000 Tons × $12.00 per ton)
= $50,000 + $480,000
= $530,000
hence, the total manufacturing cost for the march month is $530,000
Therefore the correct option is d.
In 2010, the $471 billion deficit on the U.S. current account was offset by a surplus of $255 billion on financial account. This difference is the result of:_________.
A. budget deficit.
B. statistical discrepancy.
C. trade deficit.
D. national debt.
Answer:
B. statistical discrepancy.
Explanation:
Since it is mentioned that the $471 million represents the deficit in the US current account i.e. counterbalanced by a surplus of $255 billion
So here the difference represents the statistical discrepancy
Therefore as per the given situation, the correct option is B
And, the rest of the options are wrong
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2018 and 2019, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2018
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
An example of a poor study environment is a place with
a chair that has a strong back.
textbooks and other resources.
minimal talking and no background noise.
messy surfaces and a lot of movement.
Answer:
messy surfaces and a lot of movement
Explanation:
It will make you less focused
Answer:
D messy surfaces and a lot of movement.
Explanation:
Z company retires a $70 million bond issue when the carrying value of the bonds is $65 million, but the market value of the bonds is $74 million. Z company will record the retirement as:__________.
A) A debit of $9 million to Loss due to early extinguishment.
B) A credit of $9 million to Gain due to early extinguishment.
C) No gain or loss on retirement.
D) A debit to Cash for $74 million
Answer:
A debit of $9 million to Loss due to early extinguishment.
Explanation:
Based on the information given we were told that the carrying value of the bonds was the amount of $65 million in which the market value of the bonds was the amount of $74 million based on this thebcompany will record the retirement as a debit of $9 million to Loss due to early extinguishment calculated as: ($65 million -$74 million)
The ______ approach to civility argues that it is better to be polite and courteous and observe the norms of a given culture because it reduces the potential for suffering and violence.
a. agitation
b. engagement
c. invitational
d. disobedience
Answer:
c. invitational
Explanation:
The two basic approaches to civility are the invitational and the confrontational differ in that the invitational approach argues in favor of politeness and good manners, and following the norms of the foreign (or other) culture. Silence and reflection are a trait of the invitational approach.
The invitational and confrontational methods to civility differ in that the invitational approach advocates for politeness and good manners, as well as adhering to the standards of the foreign (or other) culture.
The invitational method is characterized by silence and reflection.
So, Option C is the correct approach.
The other Options are incorrect as:
Option A is incorrect as Informant ratings, observational methods, and technology instruments are all used to assess agitation.
Option B is incorrect as Engagement is a continuous process that presupposes "important" stakeholders will be involved from the start of a project or policy to its implementation and subsequent review.
Option D is incorrect as Disobedience is intentionally refusing to do what someone in authority tells you to do or what a rule or law says you should do.
Thus Option C is the correct approach for the following question.
For more information about the invitational approach refer to the link:
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what compiles customer information from a variety of sources and segments the information for different
Answer:
List generator.
Explanation:
List generator compiles customer information from a variety of sources and segments the information for different marketing campaigns.
Basically, this information are used to provide a good, effective and efficient marketing mix.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
In the domestic market, following the imposition of a voluntary quota, imports ________, domestic production ________, and prices ________.
a. increase; decreases; decrease
b. decrease; decreases; increase
c. decrease; increases; increase
d. increase; increases; increase
e. decrease; increases; decrease
Answer:
c. decrease; increases; increase
Explanation:
In the case of the domestic market, the import quota would be considered as an upper limit where the country could import
Now when the import quota would imposed so the import would decreased, the domestic production would increased and the price is also increased
hence, the correct option is c
And, the rest of the options are incorrect
Using the dividend growth model, explain why a firm would be hesitant to reduce the growth rate of its dividends.
Answer:
If a firm decreases its sustainable growth rate (g), the price of their stock will probably decrease. I will use the following example:
P₀ = Div₁ / (Re - g)
Div₁ = $2Re = 12%g = 5%P₀ = $2 / (12% - 5%) = $28.57
if the growth rate g decreases to 2%, and the rest remains unchanged, then
P₀ = $2 / (12% - 2%) = $20
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter paid $138,000 for 5,040 pounds, which it used to produce 4,780 units. What is the direct materials price variance?
Answer:
$19,595 unfavorable
Explanation:
The computation of direct material price variance is shown below;
= (Actual price - Standard price) × Actual quantity used
Given that;
Actual price = $138,000/4,780 units
= $28.87 × 1 pound
= $28.87 per pound
Actual quantity used = 4,780 units
Standard price = $25 per pound
= ($28.87 per pound - $25 per pound) × 4,780 units
= ($3.87 per pound) × 5,040 pounds
= $19,595 unfavorable
The direct material price variance is unfavorable because actual price is more than standard price.
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31?
Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of Persia, most of the Byzantine Empire, and much of the Mediterranean world in the seventh and eighth centuries. How did the new invaders manage to govern the advanced civilizations that they conquered?
Answer:
The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.
For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.
They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.
What are the differences between the five-stage model of team development and the punctuated equilibrium model?
Answer: The five stage model of a team Development include; forming, storming, norming, performing and adjourning, Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
Explanation:
The five stage model of a team Development include; forming, storming, norming, performing and adjourning.
Forming involves acquittance with the members, understand scope of the project and establish good relationships.
Storming involves members accepting they're part of the project group and resist constraint on individualism.
In norming, the group establishes how they can work together.
Performing is being functional
Adjsuting, the team prepares for high disbandment
Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $498000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Billy Luker made several stock sales during 2020. Determine the net capital gain or loss for the following transactions: Date Purchased Cost Date Sold Sales Price 1-1-20 $ 4,000 6-2-20 $ 6,000 7-6-19 10,000 7-7-20 14,000 7-6-19 20,000 7-6-20 17,000 4-3-19 5,000 6-2-20 4,000 $2,000 net short-term capital gain. $2,000 net capital gain. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
Answer:
The correst option is b. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
Explanation:
Note: This question is not comple and the data in it are merged together. The complete question withe sorted data are therefore provided before answering the question as follows:
Billy luker made several stock sales during 2018. determine the overall result of the following transactions:
Date Purchased Cost Date Sold Sales Price
1-1-20 $4,000 6-2-20 $6,000
7-6-19 10,000 7-7-20 14,000
7-6-19 20,000 7-6-20 17,000
4-3-19 5,000 6-2-20 4,000
a. $2,000 net short-term capital gain.
b. $3,000 net long-term capital gain and $1,000 net short-term capital loss. c. $2,000 net long-term capital gain.
d. $4,000 net long-term capital gain and $2,000 net short-term capital loss.
The explanation to answer is now given as follows:
Step 1: Calculation of net long-term capital gain/loss
Gains and losses that occurred from the sale or exchange of capital assets that are held for more than one year are referred to as long-term capital gains and losses.
From the question, the second and fourth stocks are held for more than one year and they are therefore long-term sales. Therefore, we have:
Long-term capital gain from the second stock sales = Sales Price – Cost = $14,000 - $10,000 = $4,000
Long-term capital loss from the fourth stock sales = Cost – Sales price = $5,000 - $4,000 = $1,000
Net long-term capital gain = Long-term capital gain from the second stock sales - Long-term capital loss from the fourth stock sales = $4,000 - $1,000 = $3,000
Step 2: Calculation of net short-term capital gain/loss
Gains and losses that occurred from the sale or exchange of capital assets that are held for one year or less are referred to as short-term capital gains and losses.
From the question, the first and third stocks are held for one year or less and they are therefore short-term sales. Therefore, we have:
Short-term capital gain from the first stock sales = Sales Price – Cost = $6,000 - $4,000 = $2,000
Short-term capital loss from the third stock sales = Cost – Sales price = $20,000 - $17,000 = $3,000
Net short-term capital loss = Short-term capital loss from the third stock sales Short-term capital gain from the first stock sales = $3,000 - $2,000 = $1,000
Conclusion
Therefore, the correct option is b. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
TEN POINTS! Fairfield is a small, rural town in the countryside of Pennsylvania. The three biggest stores there are a natural foods shop, a sporting goods shop, and an organic bakery. Which two shops are most likely in competition with each other? The natural foods shop and the sporting goods shop The natural foods shop and the organic bakery The organic bakery and the sporting goods shop They are all in equal competition
Answer:
The Natural Foods Shop and The Bakery
Explanation:
These two stores sell like goods (food) while the sporting goods doesn't sell food
Answer:
the natural food shop and the bakery
Bramble Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Bramble Frosted Flakes boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 809000 boxes of Frosted Flakes and customers redeemed 352000 boxtops receiving 88000 bowls. If the bowls cost Bramble Company $4 each, how much liability for outstanding premiums should be recorded at the end of 2021
Answer: $66700
Explanation:
Number of boxtops that was sold = 809000
Estimated boxtops to be redeemed = 809,000 × 60% = 485400
Less: Boxtops received = 352000
Estimated boxtops not received yet = 133400
The number of boxtops that will be needed per bowl will then be:
= 133400 / 4
= 33350
Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:
= 33350 × ($4 - $2)
= 33350 × $2
= $66700
Baker is single and earned $225,200 of salary as an employee in 2018. How much should his employer have withheld from his paycheck for FICA taxes? (Rounded to the nearest whole dollar amount)
A) $11,453
B) $10,861
C) $10,415
D) $15,892
Answer: $11,453
Explanation:
In 2008:
FICA-Social Security tax was payable at 6.2% of a limit of $128,400.
FICA-Medicare tax was payable at 1.45% of the total amount of $225,200.
Additional Medicare tax was payable on any amount in excess of $200,000 at 0.9%.
= (6.2% * 128,400) + (225,200 * 1.45%) + ( (225,200 - 200,000) * 0.9%))
= $11,453
During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income than would result from the use of the FIFO method.
a. True
b. False
Answer:
b. False
Explanation:
LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.
So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.