Answer:
Buffalo Corporation
Diluted earnings per share is:
$1.67 per share.
Explanation:
a) Data and Calculations:
Reported net income = $415,720
Common Stock outstanding = 208,000 shares
Options outstanding = 40,500 shares
Total outstanding shares = 248,500 shares (208,000 + 40,500)
Option price per share = $11
Market price per share = $15
Earnings per share = Net Income/Common Stock outstanding
Computation of diluted earnings per share:
Diluted Earnings per share = Net Income/Total outstanding shares
= $415,720/248,500
= $1.67
b) Buffalo's diluted earnings per share uses the total outstanding shares (common stock plus options stock plus all convertible securities) to divide into the net income. As the description implies, all convertible stocks are included in the calculation to arrive at the earnings per share.
Randolph Corporation sells a single product at a price of $275 per unit. Variable cost per unit is $135 and fixed costs total $356,860. If sales are expected to be $825,000, what is the company's margin of safety
Answer:
Margin of Safety = $124,038
Explanation:
Given:
Total Sale = $825,000
Sales price = $275 per unit
Variable cost per unit = $135
Fixed costs total = $356,860
Find:
Margin of Safety
Computation:
BEP Sale = FC / [(Sales per unit - VC) / Sales per unit]
BEP Sale = $700,962
Margin of Safety = Total Sale - BEP Sale
Margin of Safety = $825,000 - $700,962
Margin of Safety = $124,038
It is _______ for a company to issue equity than debt; it is ________ for an investor to buy equity in a company than debt in the same firm. a. safer; safer b. safer; riskier c. riskier; safer d. riskier; riskier e. none of the above enter a, b, c, d or e
Answer:
b. safer; riskier
Explanation:
In Business management, there are two (2) main methods that business owners could use to finance their businesses and these includes equity and debt financing.
Generally, any business owner that uses equity to finance its business rather than relying on the use of debt, simply has a lower risk of going bankrupt.
Hence, it is safer for a company to issue equity than debt; it is riskier for an investor to buy equity in a company than debt in the same firm.
How and why did you start your business?
Answer:
I started my business when i had a great idea
and i started to save and collect money from my parents until i reached the minimum charge for this project
On April 1, year 1, Mary borrowed $130,000 to re-finance the original mortgage on her principal residence. Mary paid 1 points to reduce her interest rate from 7% to 6%. The loan is for a 30-year period. How much can Mary deduct in year 1 for her points paid?
Answer:
Mary can deduct $1,300 in year 1 for her points paid.
Explanation:
a) Data and Calculations:
April 1, Amount borrowed by Mary to refinance the original mortgage on her principal residence = $130,000
Payment of 1 points to reduce Mary's interest rate from 7% to 6% amounts to 1% of $130,000 = $1,300.
b) Mary paying 1 points is beneficial to her since her interest cost is reduced from 7% to 6%. This implies that her total finance cost at the end of the 30-year period will be reduced.
When businesses buy goods and services from other businesses, they usually buy in large volume. Salespeople in the business-to-business market usually are paid on a commission basis;that is, they earn a certain percentage of each sale they make. Why might B2B sales be a more financially rewarding career area than consumer sales
Answer:
In simple words, the main reason behind the fact that B2B sales person earns more than a consumer salesman is that the former one have to sell to a less number of customers and in more volume. Generally, the transaction in business to business sales worth a lot of money ans the salesman gets a certain percentage for every sales made. Thus, his or her earnings remains greater than the consumer salesman.
16. Physical units accounted for are 160,000. Total conversion costs are $387,100. There are 4,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit
Answer: $2.39
Explanation:
Physical units accounted for = 160,000
Conversion cost = $387100
Number of units will be:
= 160,000 + 50%(4000)
= 160000 + 0.5(4000)
= 160000 + 2000
= 162000
Conversion cost per unit will be:
= 387100 / 162000
= $2.39
iVillage is a website for women that encourages its users to discuss health and beauty, parenting, personal finances, career management, and relationships. This website is an example of
Answer:
A web community.
Explanation:
A web community can be defined as an online or virtual community that comprises of a group of people (members) sharing common or similar interests and as such come together to communicate or interact frequently with one another on topical issues over the internet. Some of the channels used by the members to communicate regularly with one another are blogs, servers, bulletin boards, forums etc.
In this scenario, iVillage is a website for women that encourages its users to discuss health and beauty, parenting, personal finances, career management, and relationships.
Hence, this website is an example of a web community.
Drummond Corporation purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $60,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2018 at a gain of $18,000. How much cash did Peterson receive from the sale of the machinery
Answer:
$198,000
Explanation:
The computation of the cash received from the sale of machinery is shown below:
= ($960,000 - $60,000) × 1 ÷ 5years
= $18,0000 per annum.
Now for four years it would be
= $180,000 × 4 years
= $720,000 and
Till May 1, it would be
= $180,000 × 4 months ÷ 12 months
= $60,000
The value of the asset as on May 2018 is
= $960,000 - $720,000 - $60,000
= $180,000
Now the cash received is
= $180,000 + $18,000
= $198,000
The market price of a semi-annual pay bond is $987.58. It has 14.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield?
Answer:
7.12%
Explanation:
ffective annual yield = (1+i/m)m - 1
i = coupon rate = 7%
m = compounding frequency = 2
Effective annual yield = (1+0.07/2)^2 - 1
Effective annual yield = (1+0.035)^2 - 1
Effective annual yield = (1.035)^2 - 1
Effective annual yield = 1.071225 - 1
Effective annual yield = 0.071225
Effective annual yield = 7.12%
Question
What is written in the January 20, 2007 memo?
Within the same organization, memos are the fairly formal form of communication.
The same organization uses it as an official document as well. Although not overly formal, memos are formal. They are employed as a method of communicating brief messages, often one or two pages. This is accomplished by employing the company's template and the organization's logo. However, even though they are quicker and more adaptable than traditional letter writing, they still cost a lot and require a lot of delivery time. For specific management priorities or statutory obligations, Federal agencies are given instructions and implementation guidance in the OMB memoranda. They either have longer term guidelines for agency implementation or provide yearly updates, such as for FISMA reporting obligations. OMB is the largest part of the President's Executive Office. It immediately answers to the President and assists numerous executive departments and agencies throughout the Federal Government in carrying out the President's objectives and priorities.
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Which of the following is important for
your financial advisor to know?
The important details that your financial advisor should know are:
assets, liabilities, income, expensesThis would help your financial advisor to make informed evaluations of your finances to be able to give you sound advice about habits you should stop, where to invest, and other related information.
Who is a Financial Advisor?This refers to a person that is a professional thatprovides expertise for clients' decisions around money matters,
Hence, we can see that your question is incomplete, so I gave you a general overview to help you get a better understanding of the concept,
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In the United States, two forms of public incentives have been offered to improve employment rates. The Work Opportunity Tax Credit (WOTC) refers to one of these initiatives and is:____________.
a. A programs that applies specifically to long-term welfare recipientsc.
b. A mechanism by which employees are compensated when they are too sick to report to workc. None of the above
Answer: . A programs that applies specifically to long-term welfare recipients.
Explanation:
The Work Opportunity Tax Credit is a tax credit by the Federal Government that can be collected by the employers of an organization when such employer employs people from a particular targeted group.
It should be noted that such people employed usually face a lot of difficulties and barriers when they are looking for employment opportunities and the Federal Government is doing this so.as to encourage employers to employ such people.
Customer complaints can be viewed positively as an opportunity to
A. give gifts away
B. identify unwanted customers
C. fix a problem
D. fire an unwanted employee who has made a mistake
Answer:fix a problem
Explanation I took test
Customer complaints can be viewed positively as an opportunity to fix a problem. Therefore, option (C) is correct.
Who are the customers?The term customer refers to that who buy goods and products from the shop or the business, these are as a customer there are different types of customers are being there who have different needs and services they need that can be under the business as customers buy and sell the things.
As we see the customer opportunity as well, we can see there are certain complaints are being there which have to be solved by the dealers as well by the fix the concerns as well, there are certain issues being there which have been solved by it. As we see that customer brings more opportunity to the business for them also to solve their problems on time is good.
Therefore, customer complaints are to be solved quickly, hence option (C) is correct.
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The __________ provides the same results as a check because it withdraws funds from a checking account.
A) credit card
B) debit card
C) smart card
D) cashier's check
Answer:
Option B: Debit card
Explanation:
Checking account is simply a type of an account which helps it users to be able to pay bills. It is an account into which an individual can deposits money and from which an individual also withdraws money by the use of check (writing checks) or using a debit card.
A debit card is a type of withdrawal card that helps an individual to withdraw cash from an ATM or to pay directly for goods or services at stores and restaurants and others. It is also defined as a plastic card used to withdraw cash from a checking account or make payments electronically without having to write a check.
An expensive electronics store decides to lower the prices on all of its laptop
computers. According to the law of demand, what outcome can the
electronics store expect?
A) more customers will be interested in buying its laptops
B) The cost of buying laptops from his suppliers will go down
C) fewer customers would be interested in buying its
laptops
D) The cost of buying laptops from suppliers suppliers will go up
More customers will be interested in buying its laptops is an outcome can the electronics store expect, According to the law of demand.
What is the law of demand?According to the law of demand, demand decreases as prices rise, and demand increases as prices decrease.
For example, if the price of wheat rises then the demand of the rise is decrease and if the price of rice increase the demand of the commodity decrease.
Thus, option A is correct.
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Consider the market for corn, What happens if there is an increased demand for corn tortillas and at the same time a new corn seed becomes available that dramatically increases the per-acre yield?
A. The change in price is indeterminate, quantity increases.
B. Price increases the change in quantity is indeterminate.
C. Price and quantity decrease.
D. The change in price is indeterminate quantity decreases.
Answer:
A)The change in price is indeterminate; quantity increases.
Explanation:
From the question, we are to Consider the market for corn, What happens if there is an increased demand for corn tortillas and at the same time a new corn seed becomes available that dramatically increases the per-acre yield. In this case ,The change in price is indeterminate; quantity increases.
Whenever there is is shift in supply as well as demand, the quantity or the price will definitely become indeterminate. Whenever demand as well as supply goes through the same direction, the price will definitely become indeterminate. The reason behind this is that when supply increases, demand decreases, also when there is increase in demand price increases.
What strategy should be applied when other strategies are ineffective and the company needs to change quickly
Answer:
Plan Carefully. ...
Be as Transparent as Possible. ...
Tell the Truth. ...
Communicate. ...
Create a Roadmap. ...
Provide Training. ...
Invite Participation. ...
Don't Expect to Implement Change Overnight.
Explanation:
What does gross domestic product mean
GDP or gross domestic product is the total market value of the finished product and services produced in a country in a specific time period.
At what constant, continuous rate must money be deposited into an account if the account is to contain $23000 in 7 years? The account earns 3.5% interest compounded continuously.
Answer:
You will need to contribute $2,856.55 at the beginning of each period to reach the future value of $23,000.00.
Explanation:
Future value of investment = $23,000
Number of period = 7 years
Interest rate = 3.5% compounded annually
Using an online finance calculator:
FV (Future Value) $23,000.01
PV (Present Value) $18,077.80
N (Number of Periods) 7.000
I/Y (Interest Rate) 3.500%
PMT (Periodic Payment) $2,856.55
Starting Investment $0.00
Total Principal $19,995.82
Total Interest $3,004.19
How does paying the minimum on a credit card hurt?
Answer:
If you only pay the minimum each month, your debt might become spread out over a longer period of time and interest charges may increase over time. This is not an effective strategy, and depending on the provider, you may end up paying more that what you needed to pay off.
Explanation:
Hope this helped!
which business model sells goods or services to buyers who then resell or use them for business purposes?
The_______ sell goods or services to buyers who then resell or use them for business purposes.
Fill in blank and I will give brianly!!!l
Answer:
wholesalers, distributors and manufacturers.
Explanation:
Answer:
distributors
Explanation:
A _____ chart shows individual figures at a specific time, or shows variations between components but not in relation to the whole.
Answer:
Bar chart
Explanation:
A bar chart can as well be regarded case a "bar graph", it can be explained as a chart/graph that gives the representation of categorical data as a
rectangular bars, where the height of the rectangular bars will equal to the data values they are representing. This bars could be horizontally or vertically plotted. It should be noted that bar chart shows individual figures at a specific time, or shows variations between components but not in relation to the whole.
Identify which of the following is a drawback for charisma-based authority:__________a) Charismatic leaders often focus too much on efficiency in governingb) Charisma cannot be passed on from one leader to the next
c) A charisma-based leadership style tends to be inflexibled) People tend to react negatively to charismatic leaders
Answer:
B) Charisma cannot be passed on from one leader to the next
Explanation:
The Charismatic authority ican be regarded as leadership style whereby
authority is exercise as a result of
special personal qualities put up by individual so that he/she can be attractive enough to bring influence on large number of people. It should be noted that some of drawback of this leadership style is that Charisma cannot be passed on from one leader to the next
Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repaid after 120 days, with Simpson paying a total of $12,400. What is the approximate cost of credit using the APY, or annual percentage yield, calculation?
A. 4.33%B. 10.34%C. 12.25%D. 12.46%
Answer: B. 10.34%
Explanation:
Based on the information that has been provided in the question, first and foremost, we have to know the amount of interest paid which will be:
= $12400 - $12000
= $400
We tgen calculate the cost of capital which will be:
= 400/12000
= 3.33%
Then, Annual percentage rate will be:
= 3.33% × 365/120
= 3.33% × 3.04
= 10.34%
Don is thinking of borrowing $10,000 from Hancock Whitney Bank. He promises Hancock Whitney cash flows of $5,000 every year for the next three years. If Hancock Whitney Bank's cost of capital is 10%, what is the present value of the stream of cash flows?
The present value of the stream of cash flows is $2,434.26.
What is the present value?Present value is the sum of discounted cash flows. The cash flows would be discounted using the cost of capital.
Present value = C / (1 + r)^n
Where:
C = cash flow r = cost of capital n = number of years-10,000 + [5,000 / 1.1] + [5000 / 1.1²] + [5000 / 1.1³] = $2,434.26
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Balance this redox reaction
Br2+NaOH → NaBr02+NaBr + H2O
Answer:
2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O
Explanation:
Step-1:
Br₂ + NaOH → NaBrO₂ + NaBr + H₂O
Step-2:
Elements. LHS RHS
Br 2 2
Na 1 2
O 1 3
H 1 2
Step-3:
Elements L.H.S R.H.S
Br 2 × 2 4
Na 1 × 4 4
O 1 × 4 4
H 1 × 4 2 × 2
Step-4:
Elements L.H.S R.H.S
Br 4 4
Na 4. 4
O 4. 4
H 4 4
Step-5:
2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O
-TheUnknownScientist
Explanation:
4Br2+NaOH →7 NaBr02+NaBr + H2O
Vamplife is a company that produces blood for vampire consumption. In this market, assume that there are many firms, entry and exit is relatively easy, and firms sell a homogeneous product. Vamplife is a firm in which market structure
Answer:
Perfect compitition
Explanation:
From the question, we are informed about Vamplife company which produces blood for vampire consumption. In this market, assume that there are many firms, entry and exit is relatively easy, and firms sell a homogeneous product. In this case, Vamplife is a firm in Perfect compitition market structure. Perfect compitition market structure can be regarded as a theoretical market structure whereby all available firms in the market are selling identical product i.e they sell homogeneous product. In this market all the available firms are regarded as price taker which means the market price of their products cannot be influenced.
If the straight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.
A. True
B. False
Answer:
True
Explanation:
Amortization is simply the process by which an individual is paying or process of paying back a loan in equal monthly installments.The process of retiring a debt or recovering a capital investment through scheduled, systematic repayment of the principal is not that complicated.
The two ways involved in amortization is the straight line and the effective interest method of amortization.
Straight-line method of amortization is measured by the passage of time, and is the same amount for each year of the assets useful life.
Last year, Eric bought a bond for $10,000 that promises to pay him $700 per year. This year, he can buy a bond for $10,000 that promises to pay $800 per year. If Eric wants to sell his old bond, what is its price likely to be?
Answer:
the price is $8,750
Explanation:
The computation of the price is shown below:
The rate of interest in the last year is
= Paid amount ÷ purchased value of the bond
= $700 ÷ $10,000
= 7%
ANd, in the current year, the rate of interest is 8%
So, the price would be
= Paid amount ÷ current year rate of interest
= $700 ÷ 0.08
= $8,750
Hence, the price is $8,750
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Waterway Industries factors $3000000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains an amount equal to 7% of the accounts receivable for possible adjustments. Waterway estimates the fair value of the recourse liability at $310000. What would be the debit to Cash in the journal entry to record this transaction?
Answer: $2,700,000
Explanation:
The debit to Cash in the journal entry to record this transaction will be calculated as:
= $3,000,000 - [($3,000,000 × 3%) + ($3000000 ×7%)]
= $3,000,000 - ($3,000,000 × 0.03) + ($3000000 × 0.07)
= $3,000,000 - [$90,000 + $210,000]
= $3,000,000 - $300,000
= $2,700,000
Therefore, the debit to cash will be $2,700,000.