The wipeout ski company manufactures skis for beginners. Fixed costs are $30
Answer:
good
i live in az
Explanation:
A bank has agreed to lend you $127,800 for a home loan. The loan will be fully amortized over 57 years at 12.98%, with .13 points. The loan payments will be monthly. The closing cost is estimated to be $2,168.
Calculate the APR.
A bank has agreed to lend you $524,000 for a home loan. The loan will be fully amortized over 40 years at 5.33%, with .58 points. The loan payments will be monthly. The closing cost is estimated to be $2,579 and you plan to refinance the mortgage in 6 years.
Calculate the prepaid interest.
Answer:
ARP = 13.2184 %
Prepaid interest = $3,057.66
Explanation:
The ARP stands for annual percentage rate. It is defined as the amount of interest that one has to pay annually for the total mortgage loan he or she takes. In the question, the ARP will be 13.2184 % for a loan amount of $127,000 at the rate of 12.98% that will be amortized in 57 years with 0.13 points.
The prepaid interest is the interest amount the borrower pays for the loan he takes before the first scheduled of the debt repayment. In the question, the prepaid interest amount is $3,057.66 for the loan amount $524,000 to be amortized in 40 years with 0.58 points and at 5.33%.
The credit facility alludes to a type of financial instrument in which an amount of money is granted to another party in exchange for the valuation or principal quantity being repaid in the future.
In so many circumstances, the creditor will add interest to the original amount, which the borrower will be liable to repay in addition to the principal amount.
The answers are:
The percentage of ARP is 13.2184 %
The amount of Prepaid interest is $3,057.66
The annual percentage rate is the amount of interest that a person must pay each year on the total mortgage loan that he or she takes out. The ARP will be 13.2184 percent for a loan amount of $127,000 at a rate of 12.98 percent, amortized in 57 years with 0.13 charges in the case in question.
The prepayment interest rate is the number of interest costs by the debtor for the loan he takes out before the first specified repayment date. The prepaid interest amount in the question is $3,057.66 for a loan of $524,000 to be amortized over 40 years at 0.58 points and 5.33 percent.
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An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $230,064.00. The entrepreneur expects to generate an annual after-tax cash flow of $55,966.00 in running this business. How long before the project will pay back
Answer:
Folly Beach has long been the epicenter of fun and sun for generations of College of Charleston students.
Taylor Denny (left), Jake Cotreau (center) and Matthew Coda (right).
Taylor Denny (left), Jake Cotreau (center) and Matthew Coda (right).
But for three recent graduates, the quirky little beach town is all about business.
By the time alumni Matthew Coda, Jake Cotreau and Taylor Denny walked across the Cistern stage to receive their diplomas in May 2014 they already knew how and where they planned to begin their careers.
This month the three young entrepreneurs launched Golden Sun Taxi, a fleet of three solar-powered, golf cart taxis that shuttle passengers along the sandy streets of Folly Beach. Aimed primarily at tourists, the business is believed to be the first of its kind in the United States.
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Which of the following describes the impact a few years of heavy rainfall would have on commodity prices?
- Crops would enjoy a longer planting season, and commodity prices would go down. - - Planting would be delayed, resulting in crop shortages, and commodity prices would rise.
- Crops would increase due to additional rainfall, and commodity prices would go down. - Planting would be delayed, limiting farmers’ risks, and commodity prices would rise.
Answer:
Crops would enjoy a longer planting season, and commodity prices would go down
Explanation:
Answer:
c
Explanation:
Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount is taken by 71 percent of customers. What is the company's accounts receivable balance?
a. $19,651.73
b. $17,865.21
c. $9,937.52
d. $8,632.13
e. $7,326.74
Answer: c. $9,937.52
Explanation:
The Accounts receivable balance can be calculated by;
= Outfits per years * Average Price * (Collection period/365)
Collection period;
71% take the discount which means that they pay in 15 days while the rest pay in 40.
= (71% * 15) + (29% * 40)
= 22.25 days
Accounts Receivable balance = 1,140 * 143 * (22.25/365)
= $9,937.52
Irfan runs a small business. His business’s total liabilities amount to $200,000. His net profit for the latest accounting period is $50,000. The total value of all the business assets comes to $600,000. What is the debt to asset ratio in the case of Irfan’s business? The debt to assets ratio of Irfan’s business, to two decimal places, is percent.
Small businesses are either services or retail operations like grocery stores, medical stores, tradespeople, bakeries, and small manufacturing units.
What is the meaning of Small businesses?Small companies typically offer services or are retail establishments like grocery stores, pharmacies, tradesmen, bakeries, and micro-manufacturing facilities. Small businesses are privately held companies that need less equipment, labor, and cash than larger companies.
The most straightforward type of business is a sole proprietorship. Small businesses are distinct legal entities such as corporations, partnerships, and sole proprietorships that have fewer employees and/or lower yearly income than a regular-sized company. Businesses are considered "small" if they are eligible for government assistance and favorable tax treatment.
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What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Answer:
$3,122.96
Explanation:
Future value = 5000
i = 8%
n = 6
m = 2
Present Value = FV(1+i/m)^mn
Present Value = 5,000(1+0.08/2)^-2*6
Present Value = 5,000(1.04)^-12
Present Value = 5,000 / (1.04)^12
Present Value = 5,000 / 1.6010322
Present Value = 3122.985284118583
Present Value = $3,122.96
A deposit of $1000 is made in a bank account that pays 24% interest per year compounded quarterly. Approximately how much money will be in the account after 10 years
Answer:
$10,285.72
Explanation:
In this scenario, we can use the compound interest formula to calculate the total after 10 years. The formula is the A = P * [tex](1 + r/n)^{nt}[/tex]
where,
A = final value after interest
P = initial investment amount
r = annual interest rate in decimal form
n = number of time the interest is compounded based on t
t = total amount of time
In this case, the interest is compounded quarterly meaning 4 times a year, therefore we can plug all the values into the formula and solve for A
A = P * [tex](1 + r/n)^{nt}[/tex]
A = 1000 * [tex](1 + 0.24/4)^{4*10}[/tex]
A = 1000 * [tex](1.06)^{40}[/tex]
A = 1000 * 10.2857
A = 10,285.72
Therefore after 10 years the account will have a total of $10,285.72
If a company has $10,000 in Cash, $2,000 in Accounts Receivable, $100,000 in Building and Land, $30,000 in Accounts Payable, and $20,000 in Notes Payable, how much is the business worth or what is its equity?
Answer:
the business is worth 162000
Explanation:
I added all of the stuff up to create a number have a nice day please
If a company has $10,000 in Cash, $2,000 in Accounts Receivable. The business worth and its equity is equal to $62,000.
What is the term Equity about?
Stockholders' equity, also referred to as shareholders' equity, it is the remaining amount of assets available to shareholders after all liabilities have been paid.
Given Information:
Cash=$10,000Accounts receivable=$2,000Building and land=$100,000Accounts payable=$30,000Notes payable=$20,000Solution:
Equity=Total assets- Total liabilities
Equity=$10,000+$2,000+$100,000-$30,000-$20,000
Equity=$62,000
Hence, the equity of a company is equal to $62,000.
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An entrepreneur founded his company using $200,000 of his own money, issuing himself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $200,000. The entrepreneur now sells another 400,000 shares of stock to a venture capitalist for $1 million. What is the post-money valuation of the company?
Answer:
the post money valuation of the company is $1,750,000
Explanation:
The computation of the post money valuation is shown below:
Given that
Value of 400,000 shares is $1 million.
So,
The Value of 1 share is
= $1 million ÷ 400,000
= $2.5
And,
Total number of shares is
= 400,000 + 200,000 + 100,000
= 700,000
Now
Total value of shares is
= $2.5 × 700,000
= $1,750,000
hence, the post money valuation of the company is $1,750,000
Should a Female with the same Qualifications as a Man, if selected for an Executive Position formerly held by a man, be paid the same salary as her counterpart prior to her?
Answer:
Explanation:
Unions have long fought for the idea that a person is paid for the tasks he must do in order to be compensated.
It's the job not the gender that is important. A day's work is worth a day's pay.
I can't think of any exceptions to that rule.
The internal rate of return method is not subject to the limitations of the net present value method when comparing projects with different amounts invested because:_____.
A. The internal rate of return is expressed as a percent rather than the absolute dollar value of present value.
B. The internal rate of return is expressed as an absolute dollar value rather than the percent of net present value.
C. The internal rate of return reflects the time value of money rather than the absolute dollar value of present value.
D. The internal rate of return is expressed as an absolute dollar value rather than the time value of money used in net present value.
E. The internal rate of return is expressed as a percent rather than the accrual income method used in net present value.
Answer: A. The internal rate of return is expressed as a percent rather than the absolute dollar value of present value.
Explanation:
The internal rate of return is used in calculating the rate of return for the investment of a company. During the calculation, external factors like cost of capital, inflation, risk free rate are all excluded.
The internal rate of return method is not subject to the limitations of the net present value method when comparing projects with different amounts invested because it's expressed as a percent rather than the absolute dollar value of present value..
Mario a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of 1.3 million to its employees Mrs. ryman in making your calculations ignore the employer payroll tax
Answer:
ah
Explanation:
Sheridan Company receives a $14000, 3-month, 8% promissory note from Carla Vista Company in settlement of an open accounts receivable. What entry will Sheridan Company make upon receiving the note?
Answer and Explanation:
The journal entry to record while receiving the note is shown below:
Notes receivable Dr. $14,000
To Accounts receivable $14,000
(Being receiving of the note is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
The same is to be considered
Which of the following accounts is debited, when overhead is applied to jobs?
a) Manufacturing Overhead
b) Work in Process
c) Inventory Indirect
d) Labor Finished
e) Goods Inventory
Answer: Work in process
Explanation:
It should be noted that the work in process inventory will be debited on a situation wherby the overhead is being applied to jobs
During production when the manufacturing overhead is being applied for production purposes, the manufacturing overhead is credited and the work in process is debited.
Therefore, the correct option is B.
You have $425 today which is enough to buy 17 shirts. If the price of shirts are expected to increase by 2% over the next year, what (precise) nominal rate would you have to earn to be able to buy 20 shirts next year
Answer:
The precise nominal rate you have to earn to be able to buy 20 shirts next year is $510.
Explanation:
a) Data and Calculations:
Earnings today = $425
Number of shirts bought = 17
Therefore, the cost of each shirt = $425/17 = $25
If the price of shirts increases by 2%, the new cost will be $25.50 ($25 * 1.02)
This implies that to be able to buy 20 shirts next year, you will earn $510 ($25.50 * 20).
b) In this case, earnings are influenced by the number and price of shirts needed next year.
A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to trade with other countries outside the group is called a
Answer:
preferential trade agreement
Explanation:
This agreement is known as a preferential trade agreement. It is called this because it tends to make it easier for specific goods to be traded but only to the countries that are part of the group and/or agreement. This agreement also makes it harder for countries that are not part of the agreement to be able to trade with the countries that are in order to maintain the countries within the agreement trading with each other.
ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, the amount of stockholders equity would
Answer:
increase by $336,000.
Explanation:
Options are "1. increase by $176,000. 2. increase by $336,000. 3. increase by $160,000. 4. be unaffected."
Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.
Ms. Smith employs 50 salespeople to sell copiers. If she wants information on the typical number of copiers sold by a salesperson, which Data Analysis tool should she use
Answer:
Descriptive statistics
Explanation:
If Ms smith wants information on the typical number of copiers sold by a salesperson she has to use descriptive statistics.
Descriptive statistics is used to describe data. It gives basic summary of the sample and also measures. It entails the usage and analysis of the collected data. Therefore descriptive statistics is the data analysis tool that she would need.
According to the basic quantity equation of money, if price and output fall while velocity increases, then:
Answer:
The quantity of money will fall
Explanation:
basic quantity equation of money's theory stressed that the general price of goods/services is attributed to the flow of money in circulation, I.e they have a linear relationship.The equation below gives the relationship between the quantity of money as well as price level. MV = PT
Where M = quantity of money
V =velocity of circulation
P = price level
According to the basic quantity equation of money, It should be noted that if price and output fall while velocity increases, then The quantity of money will fall.
_____is a set of laws about the way a business should behave.
A)Business ethics
B)Company constitution
C)Ethics
D)The Better Business Bureau
Dominic is an architect and wants to represent a pocket door in the plan. Which symbol should he use?
Answer:
The answer is C.
Your company experienced 20% percent turnover last year. This means 20 percent of people employed at the beginning of the year were terminated or no longer employed by the year’s end. You know that a year from now you will need to have 40 more people in your company to keep up with increasing customer demand. How many employees should you plan on hiring, assuming turnover remains constant?
Answer:
48
Explanation:
Employee turnover is the rate at which employees leave a company, whether voluntary or involuntary.
In this company, 20 percent of employees leave every year.
If the company intends to have 40 more workers, it should plan to hire the 40 plus an extra 20 percent.
The company should hire 40 plus 20% of 40
=40 + (20/100 x 40)
=40 +(0.2 x40)
=40 +8
=48
The company should hire 48 workers
For the maintenance of the employee turnover ratio of the company constant there will be a need of employing forty (40) and an additional 20% of the total employees to be hired for the same.
The firm will have to maintain the number of employees in such a way that even if the 20% employees leave the company there shall not be need to employ any such further.
The ratio of calculation of such employee turnover ratio to be kept constant will be simple. It can be calculated using the simple formula that is given below.[tex]\rm Employee\ turnover\ ratio= employees\ to\ be\ hired + additional\ percentage\ of\ employees\ to\ be\ hired[/tex]
So if we put the values in the formula we get the solution as below[tex]\rm Employees\ to\ be\ hired= 40+ (\dfrac{20}{100}\ x\ 40)[/tex]
Continuing further
[tex]\rm Employees\ to\ be\ hired= 40+ 8[/tex]
[tex]\rm Employees\ to\ be\ hired= 48[/tex]
So the number of employees to be hired for maintaining the turnover ratio to be constant the firm will have to hire 48 in total.Hence, the correct number of employees to be hired for the maintenance of the ratio, the firm will have to employ 48 employees and 8 employees in addition to the 40 employees required each year.
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June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 100 units that cost $20 per unit. During the current month, the company purchased 580 units at $20 each. Sales during the month totaled 450 units for $43 each. What is the number of units in the ending inventory?
Answer:
Ending inventory in units= 230
Explanation:
Giving the following information:
Beginning inventory= 100 units
Purchases= 580 units
Sales during the month totaled 450 units
To calculate the ending inventory in units, we need to use the following formula:
Ending inventory in units= total units - units sold
Ending inventory in units= 680 - 450
Ending inventory in units= 230
At the end of 2021, Windsor Co. has accounts receivable of $749,900 and an allowance for doubtful accounts of $23,580. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,564.
(a)
Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
DR Allowance for Doubtful Debt $4,564
CR Accounts Receivable $4,564
Using the Allowance method means that an allowance has already been provided from which uncollectible accounts will be deducted from.
When an amount is uncollectible therefore, it will be debited to the Allowance account to reduce it. Accounts receivable will be credited to recognise that a receivable is now uncollectible.
Under the Real Estate Law of California, an agent is required to give a copy of the listing agreement to his principal at:__________.
a. the close of escrow.
b. the beginning of escrow.
c. once the buyer has signed it.
d. at the time of signing.
Answer:
d. at the time of signing.
Explanation:
Under Section 10142 of real estate law agent has to submit a copy of the listing agreement to the principal.
Section 10142 of the real estate law of California is attached with this is attached please find it.
Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.6 percent, what is the current dollar price assuming a par value of $1,000
Answer:
Bond price= $1,210.4
Explanation:
Giving the following information:
Coupon rate= 0.079/2= 0.0395
YTM= 0.056/2= 0.028
Face value= $1,000
n= 13*2= 26
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond price= 39.5*{[1 - (1.028^-26)]/0.028} + [1,000 / 1.028^26]
Bond price= 722.67 + 487.73
Bond price= $1,210.4
Johnson corporation began the year with inventory of 14,000 units of its only product. units cost $8 each. The company uses a Perpetual inventory system and the fifo cost method. The following transactions occurred during the year: a. purchase 70,000 additional units at a cost of $10 per unit. Terms of the purchases were 2 /10 n/ 30, and 100% of the purchases were paid within the 10-day discount. The company uses the gross method to record purchase discounts. The merchandise was purchased f. O. B. Shipping point and Freight charges of $0.40 per unit were paid by Johnson. b. 1400 units purchased during the year will return to suppliers for credit. Johnson was also given credit for the freight charges of $0.40 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received. c. sales for the year totaled 65,000 units at $18 per unit. d. on December 28th Johnson purchased 5400 additional units at $10 each. The goods were shipped f. O. B. Destination and arrived at Johnson's Warehouse on January 4th of the following year e. 17600 units were on hand at the end of the year. required: 1. for financial reporting purposes, the company uses lifo (amounts based on the Periodic inventory system). Record the year-end adjusting entry for the lifo reserve, assuming the balance in the lifo Reserve at the beginning of the year it's $15,800 2. determine the amount the company would report as income before taxes for the year under lifo. Operating expenses other than those indicated in the above transactions amounted to $158,000
Jerry works as an accountant in a manufacturing firm. His firm has sold goods to customers on credit, while the full payment for the goods is expected after a month. In which category should Jerry mention the price of these goods? A. accounts payable B. accounts receivable C. cost of goods sold D. depreciation E. operating expenses
Answer:
If we are talking about the price Jerry and his firm purchased goods for I would say "Cost of goods sold", if we are talking about the revenue that will be collected from customers in the future I would say "accounts recceivable"
Explanation:
Answer:
the answer is b. accounts receivable
Explanation:
a word-for-word copy from edmentum:
"Accounts receivable: Let’s say that a business sells goods to a customer on credit. The customer plans to make the payment a few months later. A business recognizes this amount as a current asset called accounts receivable until it receives the payment."
Suppose apples are currently selling for 50 cents a piece. Someone says that apple
sellers can't make a decent living if they sell their apples so cheaply. This person says
there should be a law stating that no one can sell an apple and no one can buy an apple
for less than 75 cents. A law to raise the income of apple sellers is suggested. What might
be an unintended consequence (effect) of this law?