Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its accountant. The company had current assets of $145,332, net fixed assets of $356,190, and other assets of $4,176. The firm had long-term debt of $76,445, common stock of $200,000, and retained earnings of $134,461. What amount of current liabilities did this firm have?

a. $94,792
b. $410,906
c. $171,217
d. $76,445

Answers

Answer 1

Answer:

a

Explanation:


Related Questions

Lower wages in the U.S. auto industry would ______ the prices of autos and ______ the quantity exchanged.

Answers

Answer:

Lower wages in the U.S. auto industry would DECREASE the prices of autos and INCREASE the quantity exchanged.

Explanation:

When the price of key inputs decreases, the supply curve shifts to the right, increasing the total quantity supplied and at the same time decreasing the equilibrium price. The same would happen if the price of steel, plastics (oil) or any other key input decreased.

On the other hand, an increase int he price of key inputs will shift the supply curve to the left, decreasing the total quantity supplied and increasing equilibrium price.

Which of the following would be most likely associated with the expansionary phase of the economic business cycle?
)
A)
unemployment rate is high
B)
inflation is at its highest level
businesses produce more and hire workers
D)
business profits are on the decline

Answers

I’m not exactly sure but- expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery. Knowing this, it cannot be A where unemployment is high or B where inflation is high because inflation is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods, it shouldn’t be D because the profits wouldn’t be on a decline, so making a guess using elimination it’s most likely C businesses produce more and hire workers

A firm has 72 units of product A on hand. Forecasts of demand are for 10 units per week. A Master Production Schedule (MPS) quantity of 150 units is planned to arrive in period 4. Customer orders are 17 for period 1, 12 for period 2, 8 for period 3, and 4 for period 4.

Required:
What quantity is available for commitment (available to promise) to new customers in weeks 1, 2, and 3?

Answers

Answer:

35 units

Explanation:

72 units are on hand:

customer orders for periods 1, 2 and 3 = 17 + 12 + 8 = 37 units

units available for commitment to new customers = 72 - 37 = 35 units

these units can be committed either at week 1, 2, or 3.

Customer orders for period 4 will be covered with the 150 units that should arrive during period 4.

Suppose the real gross domestic product (GDP) grows by 2% and inflation is equal to 3%, but there is no change in the velocity of money. based on the equation of exchange, by how much does the quantity of money change?

Answers

Answer:

the quantity of money growed to be 5%

Explanation:

The computation of the expected change in the quantity of money is shown below:

As we know that

Growth rate of money supply = Real GDP growth rate + inflation rate

= 2% + 3%

= 5%

Keeping the velocity be constant

Hence, the quantity of money growed to be 5%

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

Companies often use features to differentiate themselves from competitors. However, a company must balance the features customers want with ________.
A) what the competition offers
B) the ability to manufacture the feature in a timely way
C) what customers will pay
D) the configurations that make a positive brand look stylish
E) the resources available for production

Answers

Answer:

C)what customers will pay

Explanation:

Emphasizing personal selling rather than mass media advertising is an example of a __________ strategy.

Answers

Answer: personal selling rather than mass media advertising in the promotional mix  the firm is using a Standardized strategy

Explanation:

Hope this helps <3

Major areas in business decision making ​

Answers

Answer:

it is investment decision, financing decision and dividend decision

Explanation:

The major areas in business decision making are:

1 Investment decision

2. Financial decision

3.Dividend decision

when your mom is spanking you what should you do? A.put her in a lock B.call her parents C.tell jamall to calm down D.take the hits

Answers

Answer: Take the hits bro. Then call her parents

Explanation: Memes that slap harder than my dads belt!!!! Lol

should i be the manager of burger king or subway?

Answers

Answer:

you should be the manager of subway, theres way more options and you can eat fresh ;)

What is the purpose of the FASFA4CASTER

Answers

The FAFSA4caster is a free tool which provides an early estimate of your federal student aid eligibility. It analyzes your household income and assets to determine your expected family contribution or EFC.

A country's currency is said to be _____ when the country's government allows both residents and nonresidents to purchase unlimited amounts of a foreign currency with it.
A) externally convertible
B) nonconvertible
C) internally convertible
D) freely convertible

Answers

Answer:

D) freely convertible

Explanation:

Since in the question it is mentioned that the country government permits to both residents and non-residents for acquiring the non-limited values of the foreign currency so this represents the freely convertible.

As in the case of freely convertible the currency should be traded without having any kind of limitations that are imposed by the monetary authorties

Hence, the correct option is D.

Arthur, the ruler of Avalon, has asked for your help with the economy of his country. Arthur's economic minister provides you with the following information:Work-eligible population: 30 million Labor force: 24 million Employed people: 21 million Frictionally unemployed people: 2 million Structurally unemployed people: 1.5 million Arthur would like to know whether his kingdom is enjoying an expansion or suffering a recession. See if you can advise him. Give all numeric answers to two decimals.King Arthur, right now Avalon's unemployment rate is _____%, but Avalon's natural rate of unemployment is ___%. Therefore, the Avalon economy is currently in a(an) (enter expansion or recession).

Answers

Answer:

King Arthur, right now Avalon's unemployment rate is 12.5% but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.

Explanation:

Number of Unemployed = Labor force - Employed

Number of Unemployed = 24 - 21

Number of Unemployed = 3

The unemployment rate = (3/24)*100

The unemployment rate = 12.5%

The Natural unemployment rate = Frictional Rate + Structural unemployment Rate

The Natural unemployment rate = [(2+1.5)/24]*100

The Natural unemployment rate = (3.5/24) * 100

The Natural unemployment rate = 14.58%

From the solution, the current unemployment rate less than natural rate,  thus the Avalon economy is currently in a expansion

At the beginning of the year, a company predicts total overhead costs of $916,400. The company applies overhead using machine hours and estimates it will use 1,580 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 31 machine hours during January?

Answers

Answer: $17980

Explanation:

The amount of overhead that should be applied to Job 65A would be calculated as:

= Overhead cost × (Machine hours in January/Total machine hours)

= 916400 × (31/1580)

= $17980

You expect KT Industries (KTI) will have earnings per share of $3 this year and expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 15% and their equity cost of capital is 12% The expected growth rate for KTI's dividends is:_________

a. $12.50
b. ​$39.25
c. ​$33.35
d. ​$20.00

Answers

Answer:

Growth rate  = 7.50%

Explanation:

Given:

Return on investment = 15%

Retention ratio = [1.5 / 3] 100 = 50%

Find:

Growth rate

Computation:

Growth rate  = Return on investment*Retention ratio

Growth rate  = 15% x 50%

Growth rate  = 7.50%

An assumption of CAPM is that investors do not face transaction costs. In particular, CAPM assumes that markets are liquid in the sense that you can always trade any number of shares you would like to any time. In reality, the overall market may become more illiquid in certain times and less illiquid in other times. When the market is illiquid, investors are more hindered from trading by frictions in the market. Suppose that the price of a certain security tends to go up when the overall market becomes more illiquid. Would you expect this security to have a higher or lower expected return than what the CAPM predicts?

Answers

Answer: Higher return than CAPM

Explanation:

CAPM assumes that markets are liquid and that there are no transaction costs. This means that when it gives the expected return of a security, it does so without accounting for illiquidity.

If the security is therefore affected by illiquidity such that the price goes up in such a situation, CAPM would not have accounted for this which means that the expected return of the security should be higher than what CAPM predicts to cater for this price increase.

The common stock of Contemporary Interiors has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 percent and the risk-free rate is 4.1 percent. What is the cost of equity for this firm?
A. 11.76 percent
B. 14.40 percent
C. 12.08 percent
D. 13.05 percent
E. 13.82 percent

Answers

Answer:

E. 13.82 percent

Explanation:

Calculation for the cost of equity for this firm

Cost of equity= .041 + 1.13 × (.127-.041)

Cost of equity= .1382*100

Cost of equity=13.82

Therefore the Cost of equity for this firm will be 13.82%

Cynthia Ogago is planning to make investment in a scheme
earning 10% interest rate and expects to receive ksh. 50,000
after 3 years. Advise her on how much she needs to invest now
in order to achieve these
O a. Ksh. 50,000
O b. Ksh. 66,550
O c. Ksh. 35,656
O d. Ksh. 37,566​

Answers

Answer:

d. Ksh. 37,566​

Explanation:

The $50,000 represent the future amount expected after 3 years.

the interest rate is 10%.

Implementing the formula  A = P x ( 1+ r) ^n

A= $50,000

P= amount to invest

R=10% or 0.10

n=3 years

Ksh.50,000 = P x (1 + 0.10) ^ 3

Kshs.50,000 = P x (1.1) ^3

Kshs.50,000 = P x 1.331

P= Kshs50,000 / 1.331

P=Kshs.37,565.74

= Kshs. 37,566

The just meaningful difference (JMD) refers to: A. The process by which consumers give humanlike characteristics to inanimate objects. B. The smallest amount of change in a stimulus that would influence consumer consumption and choice. C. A situation where a stimulus is sufficiently stronger than another so that someone can actually notice that the two are not the same. D. The way in which consumers interpret information in ways that are biased by their previously held beliefs. E. The process of screening out certain stimuli and purposely exposing oneself to other stimuli.

Answers

Answer:

B. The smallest amount of change in a stimulus that would influence consumer consumption and choice.

Explanation:

The just meaningful difference (JMD) refers to the smallest amount of change in a stimulus that would influence consumer consumption and choice.

For instance, when the price of a particular product rises from $5.0 to $6.5, consumers wouldn't be motivated to buy such a product again and may choose to go for its close substitutes.

Hence, in marketing it is important to introduce a stimulus plan that will significantly increase consumer consumption and choice in order to increase sales and make profit.

The Pierce Co. just issued a dividend of $2.35 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $44 a share, what is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity__________ %

Answers

Answer:

r = 0.106079 or 10.6079% rounded off to 10.61%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 is the dividend paid  recently

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

To calculate the cost of equity (r), we will plug in the values for P0, D0 and g in the formula,

44 = 2.35 * (1+0.05)  /  (r - 0.05)

44 * (r - 0.05) =  2.4675

44r - 2.2 = 2.4675

44r = 2.4675 + 2.2

r = 4.6675 / 44

r = 0.106079 or 10.6079% rounded off to 10.61%

The company's cost of equity is 10.61%.

The formula that can be used to determine the cost of equity is:

r = [tex]\frac{D_{1} }{P}[/tex] - g

Where:

[tex]D_{1}[/tex] = dividend next year = $2.35 x (1.05) = $2.47g = growth rate P = value of the stock = $44

r = [tex]\frac{2.47}{44} + 0.05[/tex] = 10.61%

A similar question was answered here: https://brainly.com/question/13745120

Firm A has increased its EPS (Earnings per share) by increasing the weighting of debt in its capital structure, compared to competitor Firm B, which finances mainly through increased stock offerings. Firm A's EPS, relative to competitor firm B has improved because:________. A. Its value as a firm is greater B. Its number of shares outstanding is lower C. Its number of shares outstanding are lower, and its earnings after tax is higher D. Its net income is higher

Answers

Answer:

B. Its number of shares outstanding is lower

Explanation:

Earnings per share (EPS) = (net income - preferred dividends) / weighted average shares outstanding

there are two ways in which a company's EPS can be higher:

increase the numerator: increase net income, which is unlikely due to higher interest expensedecrease the denominator: firm A has fewer stocks outstanding. This is more likely to occur.

When an employee reaches a $200,000 income level, they are required to pay a supplementary percentage to their _______________________ tax deduction?A. Social SecurityB. MedicareC. FederalD. Local

Answers

Answer:

B. Medicare

Explanation:

given data

employee reaches income level =  $200,000

so they are require to pay a supplementary percentage to their Medicare tax because at an income level above than the each and every employee are required to pay their additional percentage of income as  FICA Medicare tax.

and current rate for Medicare is approx 1.45% for the employee and  employer.

Pearson Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 8%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.20%. What is Pearson's cost of common equity? Round your answer to two decimal places.

Answers

Answer:

rE= 0.163333 or 16.3333% rounded off to 16.33%

Explanation:

The WACC or weighted average cost of capital is the cost of a firm's capital structure which can contain one or more of the following components namely debt, preferred stock and common equity. The formula to calculate WACC of a firm with only two components including debt and equity is as follows,

WACC = wD * rD * (1 - tax rate)  +  wE * rE

Where,

wD and wE represents the weight of debt and common equity respectively.rD and rE represents the cost of debt and common equity respectively.We take after tax cost of debt (1 - tax rate)

To calculate the cost of equity, we can plug in the values of remaining variables as given in the question in the above formula,

0.122= 0.4 * 0.08 * (1 - 0.25)  +  0.6 * rE

0.122 = 0.024 + 0.6 * rE

0.122 - 0.024  =  0.6 * rE

rE = 0.098 / 0.6

rE= 0.163333 or 16.3333% rounded off to 16.33%

Why do the marketing, operations, HR management, and IT functions need to be closely coordinated in service organization?

Answers

Answer:

Explanation:

All of these needs to be closely coordinated because each department needs the other in order to efficiently fulfill their roles and help the organization grow. Marketing makes sure that a population becomes aware of the organization's products/services but need operations to provide the product. HR management makes sure that all the employees are happy and efficient in order for operations to have the manpower to create the products/services for the organization. Lastly, all of the departments need IT functions in order to receive and input data into the organization's system and communicate with one another.

If the risk-free rate is 6 percent, the return on an average stock is 10 percent, and the beta of a capital budgeting project is 1.50, the project's required rate of return from the project is _____. a. 19% b. 21% c. 24% d. 12% e. 4%

Answers

Answer:

r = 0.12 or 12%

Option d is the correct answer.

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate rM is the market return

We assume that the return on an average stock in the market is the return on market or rM.

r = 0.06 + 1.5 * (0.1 - 0.06)

r = 0.12 or 12%

The Backwoods American company in Problem 2.1 produces approximately 20,000 parkas annually. The quality management program the company implemented was able to improve the average percentage of good parkas produced by 2% each year, beginning with 83% good-quality parkas in 2012. Only about 20% of poor-quality parkas can be reworked.

Total (not per parka) direct manufacturing cost is given below:

Year 2003 2004 2005 2006 2007

Direct Manufacturing Cost $420,900 $423,400 $424,700 $436,100 $435,500

A) Compute the product yield for each of the five years.

B) Using a rework cost of $12 per parka, determine the manufacturing cost per good parka for each of the five years. What you can you conclude about the improvement process?

Answers

Answer:

a.  2003 product yield = 20,000(0.83) + 20,000 (1 - 0.83)(0.20)

= 16,600 + 680

= 17,280 parkas

2004 product yield = 20,000*(0.85) + 20,000*(0.15)(0.20)

= 17,000 + 600

= 17,600 parkas

2005 product yield =  20,000*(0.87) + 20,000*(0.13)(0.20)

= 17,400 + 520

= 17,920 parkas

2006 product yield = 20,000*(0.89) + 20,000*(0.11)(0.20)

= 17,800 + 440

= 18,240 parkas

2007 product yield = 20,000*(0.91) + 20,000*(0.09)(0.20)

= 18,200 + 360

= 18,560 parkas

b. 2003 manufacturing cost per good parka = 420,900 + 12*(20,000)(0.17)(0.20) /17,280

= 420,900 + 12 (680) / 17,280

= 429,060 /17,280

= $24.83

2004 manufacturing cost per good parka =  423,400 + 12*(600) /17,600

= 430,600 /17,600

= $24.47

2005 manufacturing cost per good parka = 424,700 + 12*(520) / 17,920

= 430,940 /17,920

= $24.05

2006 manufacturing cost per good parka =  436,100 + 12*(440) / 18,240

= 441,380 /18,240

= $24.20

2007 manufacturing cost per good parka =  435,500 + 12 *(360) /18,560

= 439,820 / 18,560

= $23.70

A factory worker really wants to move up in the corporation. He does his work, stays late, and is always looking for extra ways to help. He gets denied a promotion after promotion. This will most likely affect his ________.a. equityb. valencec. expectancyd. instrumentality

Answers

Answer:

equity

Explanation:

The demand for football tickets is Q = 360 â 10P and the supply of football tickets is Q= 20P. The government levies a per-ticket tax of $4, which is paid by consumers. Calculate the after-tax price paid by consumers. Calculate the gross price received by ticket sellers. What are consumerâs and producerâs tax burdens?

Answers

Answer:

After tax price paid by consumers

Supply function n terms of price;

P = Q / 20

P = 0.05Q

Add the tax;

P = 0.05Q + 4

Demand function in terms of price is;

Q = 360 – 10P

P = (Q - 360) / -10

Price will be;

Demand = Supply

(Q - 360) / -10 = 0.05Q + 4

36 - 0.1Q = 0.05Q + 4

0.15Q = 32

Q = 213

After tax price = 36 - 0.1Q

= 36 - 0.1 * (213)

= $14.70

Gross price for ticket sellers is;

= Price - tax

= 14.7 - 4

= $10.70

Consumer and Producer tax burden.

Without tax, price is;

36 - 0.1Q = 0.05Q

0.15Q = 36

Q = 240

P = 36 - 0.1 * 240

= $12

Consumer tax burden = 14.70 - 12 = $2.70

Producer tax burden = Tax - consumer tax burden = 4 - 2.7 = $1.30

Assuming that the price elasticity of demand for slinkys (slinkys are a metal spring-like children's toy) is 2, an increase in the price of slinkys of 15% would result in (for slinkys) ___________a. an increase in the quantity supplied of 30%b. a decrease in demand of 30%c. a decrease in the quantity demanded of 7.5%d. a decrease in the quantity demanded of 30%

Answers

Answer: d. a decrease in the quantity demanded of 30%

Explanation:

Price elasticity of a good is used to measure the magnitude of change in the quantity demanded of the good as a result of a change in price.

Price elasticity = Change in Quantity demanded / Change in Price

2 = Change in quantity demanded / 15%

Change in Quantity demanded = 2 * 15% = 30%

The elasticity is listed as positive but is supposed to be negative even though this can cause confusion. Normal goods are assumed to have a negative elasticity so unless stated otherwise, assume elasticity is negative.

This is why the change is a decrease in quantity demanded.  

Your local T-Spirit store is having a sale on the latest i-razpod cell phone. The store is also offering financing to those who
qualify. The new cell phone is on sale for $150.00 with a two year contract. The sales associate informs you that the
closed-end installment loan offered by the store is a 24 month installment plan with monthly payments of $8.44.
Determine the finance charge (interest) of the installment loan.
a $52.00
C. $54.30
b. $52.56
d. $56.10

Answers

Answer:

$52.56 on edge 2020

Explanation:

Answer:

b

Explanation:

yep

In an effort to avoid recession, the government implements a tax rebate program, effectively cutting taxes for households. We would expect this to:_______. A. affect neither aggregate supply nor aggregate demand. B. increase aggregate demand. C. reduce aggregate demand. D. reduce aggregate supply.

Answers

Answer:

B. increase aggregate demand.

Explanation:

A recession can be defined as a period of significant fall in the economic performance such as employment, production, income level, sales of goods and services etc, of a particular country lasting over a few months.

In an effort to avoid recession, the government implements a tax rebate program, effectively cutting taxes for households. Thus, we would expect this to increase aggregate demand.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.

In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price) while a rightward shift in the aggregate demand (AD) curve also cause output to increase and rise in prices.

The short-run nominal fluctuations basically cause a change in the level of production. In the short-run, as a result of a shift in the aggregate supply; an increase in money consequently to result in increase the level of production (output).

Hence, more goods are produced as a result of the increased output (supply) and more goods would be purchased as a result of their lower prices.

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