Answer:
$39,230.35
Explanation:
Balance = $12,500
Rate of Interest = 21%
Duration to repay = 6 years
Future pending amount =[12,500 * (1 + 0.21)^6]
Future pending amount = 39,230.35
Thus, Kathy have to repay $39,230.35 at the end of 6 years.
Excessive credit usage would not lead to default on your loans because credit card companies offer loan when you maintain a healthy balance sheet which means you maintain a specific amount in your account always which can repay the loan easily. Keeping extra money in your account reduce the probability that customers default on loans.
A mirror should be centered on a wall. The mirror is 4 feet wide and the wall is 20 feet wide. Which equation helps determine the distance x on each side of the mirror?
Answer:
A). x + 4 + x = 20
Multiple-choices
A). x + 4 + x = 20
B). 4 + x + 4 = 20
C). x = 20 + 4 + 4
D). 4 = 20 + x + x
Explanation:
The mirror will be in the middle of a wall which is 20 feet wide.
If the mirror is 4 feet, then 4 will be in the middle.
X will be on either side of the 4feet mirror.
Therefore:
x + 4 + x =20
What is inexpensive and designer clothing?
Rue La La. Rue La La offers designer brands at up to 70% off retail prices through “Boutique” sales - think flash sales by designer. ...
Neiman Marcus Last Call. ...
6PM. ...
Gilt. ...
Bluefly. ...
Nordstrom Rack.
Bateman Corporation sold an office building that it used in its business for $800,200. Bateman bought the building 10 years ago for $599,900 and has claimed $200,300 of depreciation expense. What is the amount and character of Bateman's gain or loss
Answer:
Gain= $400,600
Explanation:
First, we need to calculate the book value of the building:
Book value= purchase price - accumulated depreciation
Book value= 599,900 - 200,300
Book value= $399,600
If the selling price is higher than the book value, the company gain from the sale.
Gain/loss= selling price - book value
Gain/loss= 800,200 - 399,600
Gain= $400,600
which economic system has no formal government
Market economic system
Barra was to blame those she consulted with for decisions that turned out wrong, but York credit for decisions that turned out right, she would be suffering from the
If Barra was to blame those she consulted with for decisions that turned out wrong but took credit for decisions that turned out right, she would be suffering from the d) self-serving bias.
What is self-serving bias?Self-serving bias refers to the common habit of taking credit for positive events or outcomes but blaming outside forces for negative outcomes.
Age, culture, clinical diagnosis, and more factors affect a person's self-serving bias. Self-serving bias is widely popular.
In this case, Barra is not affected by actor/observer difference, stereotyping effect, self-fulfilling prophecy, or fundamental attribution error.
Thus, when Barra takes credit for the right outcomes but turns to blame outside forces when the outcome turned out wrong, she is suffering from self-serving bias.
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Monisha Consumer Goods' is a leading consumer goods chain with a
network of 46 stores primarily across Mumbai, Delhi and Pune. It was
started by Monisha Gupta in 1987. It has a large market share in Mumbai.
Delhi and Pune, Looking for an opportunity to expand, it has decided to
open a new branch in Kerala. It has to decide on what new resources it
will invest in so that it is able to earn the highest possible return for its
investors. Once the company believes that it will be able to generate higher
revenue and profits, it also has to decide on how this project will get funded.
The finance manager Atul was told to have an optimal capital structure by
striking a balance between various sources of getting the project funded
so as to increases shareholders' wealth. Atul, after assessing the cash
flow position of the company, evaluated the cost of different sources of
finance and compared the risk associated with each source as well as the
cost of raising funds.
(a) State the two financial decisions discussed in the above situation.
(b) Explain any two financial decisions discussed in the above situation.
Financial choices are taken:
1. In what novel resource should one choose to make an investment in order to get the highest potential returns, i.e. profit?
2. The manner in which the project will be financed
Where to place one's money?When you make a decision to invest in a new venture or formulate a plan for growth, it is imperative that you take into account all of the resources that will be necessary, such as the workforce, capital, machines, and knowledge that will be needed, as well as how to make the most efficient use of these resources.
How exactly will it be paid for?The response to this inquiry calls for an understanding of a specialized subject. It depends on the choice that was made on the source of obtaining the essential resources, such as banks, and financial institutions, raising share capital, issuing debentures, obtaining a loan from a friend, making a public deposit, investing abroad, and so on.
This is further explained below.
What are financial decisions?Generally, When we talk about "financing decisions," we're referring to the choices that businesses need to make on the mix of equity and debt capital that should make up their overall capital structure.
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Question 26
Using the following year-end information for Breanna Boutique, calculate the current ratio and acid-test ratio for the boutique:
lot yet
nswered
Cash.
$ 52,000
arked out of
.00
Short-term investment.
12,000
54,000
Flag question
Accounts Receivable.
325,000
17,500
Inventory
Prepaid expenses
Account payable.
Other current payables.
106,500
25,000
Answer:
3.50 and 0.90
Explanation:
Calculation for the current ratio and acid-test ratio for the boutique
Calculation of CURRENT RATIO
First step is to calculate the current assets and current liabilities
CURRENT ASSETS
Cash 52,000
Short-term investment 12,000
Accounts receivable 54,000
Inventory 325,000
Prepaid expenses 17,500
Total current assets $ 460,500
CURRENT LIABILITIES
Accounts payable$ 106,500
Other current payables $ 25,000
Total current liabilities $ 131,500
Using this formula
Current ratio=Current assets/Current Liabilities
Let plug in the formula
Current ratio=460,500/131,500
Current ratio=3.50
Therefore the Current ratio will be 3.50
Calculation for CURRENT ACID -TEST RATIO
Using this formula
Current acid-test ratio=Quick assets/Current Liabilities
Let plug in the formula
Current acid-test ratio=460,500-(325,000+17,500)/131,500
Current acid-test ratio=118,000/131,500
Current acid-test ratio=0.90
Therefore the Current acid-test ratio will be 0.90
A company wants to determine if its employees have any preference among 5 different health plans which it offers to them. A sample of 200 employees provided the data below. Calculate the chi-square test statistic to test the claim that the probabilities show no preference. Use alpha = 0.01.
Plan 1 2 3 4 5
Employees 30 55 18 32 65
a. 37.45
b. 55.63
c. 45.91
d. 48.91
Answer:
37.45
Explanation:
Given the data:
Plan 1 2 3 4 5
Employees (X) : 30 55 18 32 65
α = 0.01
Sample size (n) = 200
Preference among 5 different health plans
Expected value of data (E) :
Sum of employees / number of plans
= (30 + 55 + 18 + 32 + 65) / 5 = 40
Σ((X - E)^2 / E)
(((30 - 40)^2) / 40) + (((55 - 40)^2) / 40) + (((18 - 40)^2) / 40) + (((32 - 40)^2) / 40) + (((65 - 40)^2) / 40) = 37.45
Hence, the Chi square Test statistic = 37.45
Babytoy Corp. manufactures toys for children. A customer complained to the consumer forum claiming that the toy she bought from the
company had been painted with solvent hydrocarbon, which is toxic. How can the company protect itself from this situation with the help of
insurance?
OA
natural calamities insurance
OB. general liability insurance
oc property insurance
OD. business interruption insurance
Reset
Next
Answer:
Babytoy corp could use "General liability insurance"
Explanation:
because General liability insurance helps cover your costs to respond to a claim that your business caused property damage or bodily injury. It can help pay for: A customer or client's medical expenses if they slip and fall in your business. ... Legal costs to defend your business in a lawsuit.
Sinclair is considering the acquisition of new machinery that will produce uniform benefits over the next five years. The following information is available: Annual savings in cash operating costs:$460,000 Annual depreciation expense:$360,000 If the company is subject to a 20% tax rate, what denominator should be used to compute the machinery's payback period
Answer:
The denominator (net annual cash flow) = $440,000
Explanation:
The denominator (net annual cash flow)
Particular Amount
Saving in operating cost $460,000
Less: Depreciation $360,000
Net additional income $100,000
Income tax on above (20%) $20,000
Savings after tax $80,000
Add: Depreciation $360,000
Net annual cash benefit $440,000
The denominator (net annual cash flow) = $440,000
what are the impact of tourism
positive:
New facilities for the tourists also benefit locals, eg: new roads
Greater demand for local food and craft
negative:
Overcrowding and traffic jams
Prices increase in local shops as tourists are often more wealthy than the local population
What term describes a steady flow of income that funds the services for a community?
A. Revenue Stream
B. Cost of living
C. Tax Return
D. Deficit
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An revenue stream alludes to a consistent progression of pay that subsidizes the administrations for a local area. In this way, choice (A) is precise.
It is the cash created through different sources, like expenses, charges, fines, awards, or different types of pay, that an administration or association gets to help its tasks and offer fundamental types of assistance to general society.
Revenue streams are critical for keeping up with and further developing framework, medical care, schooling, public security, and other fundamental administrations. A very much oversaw income stream guarantees the monetary soundness of a local area or association, empowering it to meet its commitments and put resources into projects that benefit the local area overall.
In this manner, choice (A) is right choice.
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Buffalo Corporation reported net income of $415,720 in 2020 and had 208,000 shares of common stock outstanding throughout the year. Also outstanding all year were 40,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
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.
Companies should kick-off sustainability efforts with diagnosis because: diagnosis is easier to understand than other aspects of change it helps focus employees on what needs to change sustainability requires employees to be compliant and that requires diagnosis all of the above none of the above
Answer: It helps focus employees on what needs to change
Explanation:
For change in anything to be implemented, there needs to be a recognition of what it is that is lacking that needs to be changed.
This is why diagnosis is very important. It shows the company what they need to change in order to be more sustainable and when the company is aware of these things, their employees will become more focused on those things with the view to change them.
that forces the PV of its inflows to equal its cost. The IRR is an estimate of the project's rate of return, and it is comparable to the
Answer:
Discount rate
YTM
Explanation:
Here is the full question :
A project's internal rate of return (IRR) is the
-Select-
compound rate
discount rate
risk-free rate
that forces the PV of its inflows to equal its cost. The IRR is an estimate of the project's rate of return, and it is comparable to the
-Select-
YTM
coupon
gain
on a bond.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
A project should be chosen if it's IRR is greater than the discount rate.
Internal rate of return is one of the capital budgeting methods. Other methods are :
1. Net present value
2. Profitability index
3. Pay back method
4. Discounted pay back method
5. Accounting rate of return
It is important to gather as many accounting metrics as possible because they have intrinsic value and do not need a context in which to be understood.
A. True
B. False
Answer:
A. True
Explanation:
The intrinsic value is the value in which there is a worth of an asset.
It can be calculated as
Intrinsic value = Current price - Strike price
In the case when the accounting metrics are collected due to intrinsic value also there is no need of context for understand
So the given statement is true
hence, the correct option is A.
Martin sells a stock investment for $26,000, on August 2, 2021. Martin's adjusted basis in the stock is $15,000. If Martin acquired the stock on November 15, 2019, calculate the amount and nature of the gain or loss.
If Martin had acquired the stock on September 10, 2020, calculate the amount and nature of the gain or loss.
The amount and nature of the gain or loss is $11,000 short term gain and the amount and nature of the gain or loss for 2020 is $11,000 long term capital gain.
Short term gain and long term gaina. Gain or loss
Gain or loss = $26,000 -$15,000
Gain or loss = $11,000 (short term gain)
(Nov to August)
b. Gain or loss
Gain or loss = $26,000 -$15,000
Gain or loss = $11,000 (long term capital gain)
(Year 2017 to Year 2019)
Therefore the amount is $11,000 for both and the nature for both is short term and long term capital gain.
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True or False: Under the average-cost pricing policy, the cable company has no incentive to cut costs.
Answer:
True.
Explanation:
The cable company will not have any incentive to cut costs. This is because it knows that its costs will be averaged to determine the average cost to which a certain percentage is then added to arrive at the selling price. Having the cost averaged in this way will not motivate the cable company to seek cost minimization strategies that it could use to increase its income.
A patron of a sporting arena can purchase alcohol inside and take it out to the Parking lot true or false
If a patron of a sporting arena purchases alcohol inside, they can take it out to the parking lot so this is TRUE.
What are patrons of sporting arenas able to do?Alcohol consumption rules state that a person who purchases alcohol from a licensed venue is allowed to take that drink anywhere within the premises.
The parking lot of a sporting arena still counts as the premises of the sporting arena so the patron can take the alcohol there.
In conclusion, it is true that a patron of a sporting arena can purchase alcohol inside and take it out to the parking lot.
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Outdoor Goods needs $3.8 million to modernize its production equipment. The underwriters set the stock price at $29.50 a share with an underwriting spread of 7.35 percent. This would be a firm commitment underwriting. The estimated issue costs are $272,000. How many shares of stock must be sold to finance this project?A) 148,984B) 188,917C) 152,311D) 186,299E) 162,400
Answer:
A.148,984 shares
Explanation:
Calculation for How many shares of stock must be sold to finance this project
First step is to calculate the Total value of issue
Total value of issue = ($3,800,000 + 272,000) / (1 - .0735)
Total value of issue = $4,072,000/ 0.9265
Total value of issue = $4,395035.08
Now let calculate the Number of shares needed
Number of shares needed = $4,395035.08 / $29.50
Number of shares needed= 148,984 shares
Therefore the number of shares of stock that must be sold to finance this project is 148,984 shares
Successful sales people?
review financial website or publications and three examples of a bond. for each bond gather the following information and complete the table coupon rate selling price maturity date
Answer:
Company Coupon Rate Selling Price Maturity Date
Bombardier Inc. 7.5% $96.40 3/15/2025
NGL Energy Partners LP 6.875% $97.50 10/15/2021
Disney 2.150% $101.45 9/17/2020
Explanation:
from the Plato
The Coupon Rate, Selling Price and Maturity Date are important terms in a bond contract.
What are the bonds terms?The coupon rate is the yield that determines the amount that an investor is expected to receive, the selling price is the present value of the cash amounts that will received by the bond owner and the maturity date is the date at which the bond will mature for full repayment.
The gathered information from the financial website includes:
Company Coupon Rate Selling Price Maturity Date
Bombardier Inc. 7.5% $96.40 3/15/2025
NGL Energy Partners LP 6.875% $97.50 10/15/2021
Disney 2.150% $101.45 9/17/2020
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Suppose there is perfect competition in the output market and the labor market and that the output price is $10 and the wage is $350 per hour. In this case, the demand for labor by the firm equals _____ hours.
Answer:
2 hours of labor
Explanation:
Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.
Thus, 35 * 10 = 350.
35 widgets are produced using 2 hours of labor.
Garvin Enterprises' bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?
Answer:
7.39%
Explanation:
Calculation for What is their current yield
We are going to use Financial calculator to find their current yield
N represent Number of years=6 years
PV represent Present value=$1,150
PMT= $85
Face value represent FV= $1,000
Hence,
Current yield = 7.39%
Therefore What is their current yield is 7.39%
As soon as you leave the interview, you think of a scenario you should have mentioned to illustrate your ability to handle multiple projects simultaneously. Which action represents the best way to insert that information into the thank-you letter?
Answer:
Explanation:
As my own personal opinion based on my experiences, I believe that the best way to implement this into a thank-you letter would be to simply explain how a previous experience that you have had increased your multitasking abilities through months or even years of practice. If you do this while also connecting or relating the story/scenario with the interview position or process it will better resonate with the hiring manager/company and greatly increase your chances of landing that job.
The action which represent the best way to insert into the thank-you letter, the information about your ability to simultaneously handle multiple projects is to: Use the STAR interview technique to briefly describe the situation and explain how you resolved it.
An interview can be defined as a structured, face-to-face conversation through which a participant ask a question and the other participant respond appropriately by providing an answer.
On a related note, an interview refer to a formal meeting at which a job-seeker is asked series of questions by an employer of labor (recruiter), so as to determine whether or not the individual is suitable and eligible for the job position or role.
Generally, there are different types of interview technique and these include;
Group interview techniqueIn-person interview techniquePanel interview techniqueSTAR interview techniqueA STAR interview technique is a structured technique of responding to a behavioral and situational interview questions, especially by describing a specific situation, task, action, and result obtained.
In this scenario, you should use the STAR interview technique in your thank-you letter, by briefly describing how you handled multiple projects simultaneously.
In conclusion, a STAR interview technique is most appropriate for describing a specific situation, task, action, and result obtained.
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Your question is lacking the necessary answer options, so I will be adding them here:
A. Use the STAR technique to briefly describe the situation and explain how you resolved it.
B. Call Ms. Freeman and describe a situation that would illustrate your ability to multitask.
C. In the body of your thank-you letter, write that you have successfully juggled multiple projects in the past and are certain you can do so at Mercer.
Kahn Inc. has a target capital structure of 60% common equity and 40% debt to fund its $10 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 13%, a before-tax cost of debt of 10%, and a tax rate of 40%. The company’s retained earnings are adequate to provide the common equity portion of its capital budget. Its expected dividend next year D1 is $3, and the current stock price is $35.
a. What is the company’s expected growth rate?
b. If the firm’s net income is expected to be $1.6 billion, what portion of its net income is the firm expected to pay out as dividends?
Answer and Explanation:
The computation is shown below
a. Given that
WACC = 13%
Before-tax cost of debt = 10%
As we know that
WACC = After tax Cost of debt × Weight of debt + Cost of equity × weight of equity
13% = 10% × (1 - 0.40) × 0.40 + X × 0.60
13% = 6% × 0.40 + X × 0.60
13% = 2.4% + X × 0.60
10.6% = X × 0.60
X = 17.67%
Now
Cost of equity = D1 ÷ Price + g
0.1767 = $3 ÷ 35 + g
g = 9.10%
Now
B) Growth rate = (1 - payout ratio) × ROE
.0910 = ( 1 - X) × 0.2667
Payout ratio = 65.88
As we know that
ROE = net income ÷ shareholders equity
= $1.6 billion ÷ $6 billion
= 26.67%
Now the portion of the net income for the dividend would be
= 65.88 × $1.6 billion
= 1.054 billion
c
Which Energy career pathways work with renewable energy? Check all that apply.
Energy Conversion
Energy Generation
Energy Analysis
Energy Transmission
Energy Distribution
Answer:
bshahshshsjkdjdjxnx
Explanation:
energy analysis
energy distribution
energy conversion
On June 1, the company collected $16,800 cash, which is for services to be performed over the next 12 months. For the following two separate cases, prepare the adjusting entry and determine the balance of Deferred Service Revenue at year-end. Case A: $16,800 was credited to Service Revenue during the year. Case B: $16,800 was credited to Deferred Service Revenue during the year.
The preparation of the adjusting entry and the determination of the balance of the Deferred Service Revenue at year-end are as follows:
Case A Adjusting Entry:Debit Service Revenue $7,000
Credit Deferred Service Revenue $7,000
To record the deferred revenue for next year.Case B Adjusting Entry:Debit Deferred Service Revenue $9,800
Credit Service Revenue $9,800
To record the service revenue for the year.Transaction Analysis:Case A: $16,800 was credited to Service Revenue during the year.
Service Revenue $7,000 Deferred Service Revenue $7,000 ($16,800 x 5/12)
June 1 to December 31 = 7 months; (12 - 7 = 5 months)
Case B: $16,800 was credited to Deferred Service Revenue during the year.
Deferred Service Revenue $9,800 Service Revenue $9,800 ($16,800 x 7/12)
Thus, Case A emphasized that the cash receipt of $16,800 was credited to Service Revenue, the adjustment is to Deferred Service Revenue, and vice versa for Case B.
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Assuming that the mandate to a portfolio manager was to invest in a broadly diversified portfolio of U.S. stocks, which two or three indexes should be considered as an appropriate benchmark? Why?
Answer:
Indexes are used as a benchmark to evaluate portfolio performance. In this case, we must be sure the index is consistent with our investing universe. If we are investing worldwide, we should not judge our performance relative to the DJIA which is limited to 30 US Blue-chip stocks. The most widely followed stock on the Benchmark indexes NASDAQ composite, the Wilshire 5000, S&P 500 and the NYSE Composite.
These indexes would be appropriate for portfolio managers wishing to construct a broadly diversified portfolio. The benchmark chosen should be similar to other assets chosen by the investor. The ideal index would match the portfolio. Normally, a standard index is used.
Which of the following statements about employment-at- will is true?
Incomplete question. The full question read;
Which of the following statements about employment-at-will is true?
A) The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates.
B) The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates.
C) The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates.
D) The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates.
Answer:
D) The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates.
Explanation:
Remember, the employment-at-will refers to an employment agreement that grants either the employer or employee the right to terminate their employment contract if they so wish.
Meaning? The cost of hiring and firing is lowered as they can be done anytime; which likely leads to higher unemployment rates.