Answer:
$84
Explanation:
Calculation to Find the markup from the cost to sale price
Using this formula
Cost to sale price markup=[Selling price-(Marked down percentage *Selling price)]- Sale price marked up
Let plug in the formula
Cost to sale price markup=[$455-(20%*$455)]-$280
Cost to sale price markup=($455-$91)-$280
Cost to sale price markup=$364-$280
Cost to sale price markup=$84
Therefore the markup from the cost to sale price will be $84
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.
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
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.
McFerrin runs a manufacturing business. His company uses animal skin as raw material to manufacture leather products, such as bags and belts. Last week, the state government passed a new law considering the sentiments of environmental activists and animal lovers. The law bans the use and sale of leather entirely. How will this situation affect McFerrin’s business?
A.
affect his purchase of raw material
B.
affect the release of funds from banks
C.
affect the sale of goods out of United States
D.
affect the sale prices of goods
Answer:
I am pretty sure that your answer will be C. affect the sale of goods out of the U.S
Explanation: Because if you think about it, him not being able to use and sale the leathers is going to affect everyone in the long run, because he is a manufacturer, and probably manufactures to a lot of companies.
Answer:
A,
Explanation:
The Question states STATE government not federal. Automatically canceling C. The law put in place bans SALE AND USE of leather so he can not get access to leather hides let alone turn them into products to sell. Therefore affecting his purchase of raw materials.
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
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.
Successful sales people?
Julie is looking to sell her flower shop. She should hire a(n) _____ to help her find a buyer and negotiate the sale.
a. business broker
b. real estate broker
c. investment broker
d. stock broker
Answer:
B is the answer for the question
In looking for who to help her with the sale of her flower shop, Julie should look for a a. business broker.
A business broker:
Helps facilitate the sale of a business Ensures that relevant legal requirements are met Helps a business owner find others who want to buy businessesJulie's flower shop is a business so if she wants to sell it, she should look for a business broker to help her with the transaction.
In conclusion, Julie needs a business broker.
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You place three orders for 100 soccer balls which cost $22 per ball. Receive all 300 ball. There is a delivery charge for $20 per order. What is your average cost per ball including delivery charges
Answer:
It should be $22.20
Explanation:
If you do 22 x 100 you get 2200 and add the $20. Then you divide 2220 by 100 and get $22.20.
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
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
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.
You are 18 years old, opening your first savings account, and are considering three options: BANK A is not FDIC insured, has an interest rate of 5%, and a minimum deposit of $25. BANK B is FDIC insured, has an interest rate of 0.01%, and a minimum deposit of $50. Bank C is FDIC insured, has an interest rate of 0.02%, and a minimum deposit of $10,000. All three have fees competitive with other banks. Which bank is the best option?
Answer:bank b
Explanation:
All three have fees competitive with other banks, Bank B is the best option, Thus, option (b) is correct.
What is banks?The term bank refers to the financial institution offering the services related to the term money. The bank is manage financial system to handling accounts and manage the cash. The bank is the based on the main motive to the cash transaction. The charged the interest on the loan.
According to case, a person is 18 years old, opening first savings account. Bank B was the better choice. BANK B is FDIC insured, has an interest rate of 0.01%, and a minimum deposit of $50. It was the lowest amount of the deposit interest rate is 0.01%.
As a result, the significance of the bank B are the best option are the aforementioned. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
You are 18 years old, opening your first savings account, and are considering three options: BANK A is not FDIC insured, has an interest rate of 5%, and a minimum deposit of $25. BANK B is FDIC insured, has an interest rate of 0.01%, and a minimum deposit of $50. Bank C is FDIC insured, has an interest rate of 0.02%, and a minimum deposit of $10,000.
All three have fees competitive with other banks. Which bank is the best option?
Bank A
Bank B
Bank C
All 3 banks are equally good options
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
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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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.
Define the term packaging
Answer: Packaging is the science, art and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and producing packages
Explanation:
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
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
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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Under what conditions do you think the U.S. dollar might weaken against other major currencies (i.n. the euro, yen and yuan)
Answer:
In simple words, Currency depreciation relates to the decrease in the worth of the dollar compared to some other economy in the sense regarding U.S. dollar. The weakening of the US dollar will lead to a number of economic variables. They include fiscal system, increasing rates or rising prices, currency request, economic development, and rates for exports.
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
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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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
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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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
AAAAAAAAAAAA ITS A AAAAAAAAAAAAAAAAA
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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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.