Answer:
$27,500
Explanation:
Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.
One discount point is equivalent to 1% of the loan amount.
In the given scenario a down payment of 10% was made.
Also they are pay one discount point to close.
So total down payment to be made is 10% + 1% = 11%
Amount is cash for closing = 0.11 * 250,000 = $27,500
At the beginning of his current tax year, David invests $11,700 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David receives $560 in interest ($280 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 3.6 percent. (Round your intermediate calculations to the nearest whole dollar amount.)
Answer: $419.96
Explanation:
Question is:
How much interest income will he report this year if he elects to amortize the bond premium?
The interest for the first period will be:
= Bond price * yield * 6/12 months
= 11,700 * 3.6% * 0.5
= $211
Bond premium amortization:
= Interest received - Interest
= 280 - 211
= $69
Bond value in second half of year:
= Bond value - Bond premium amortization:
= 11,700 - 69
= $11,631
Interest for second period:
= 11,631 * 3.6% * 0.5
= $209.36
Total interest = 210.60 + 209.35
= $419.96
what is the role of public administration
Excel does not allow you to copy and paste formulas with AutoFill. true or false
Answer:
True
Explanation:
In excel, after entering a formula in a cell if we drag the cursor through the horizontal cells (row) or the vertical cells (columns), the formula is copied itself with the help of fill handle
Hence, the given statement is true
9. The difference between a C Corp and an S Corp is
A. only a C Corp has a board of directors.
B. all companies must start
C Corps and become S Corps.
C. the tax code that each uses is different.
D. the personal assets of a C Corp owner belong to the business.
Answer:
the tax code that each uses is different.
Answer:
c. the tax code that each uses is different
Explanation:
55. The first step in the market segmentation process is to
a. Define the market
b. Position offer in the market.
c. Segment the market.
d. Target the market.
Answer:
Hello There!!
Explanation:
I think the answer is possibly c. Segment the market.
hope this helps,have a great day!!
~Pinky~
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C. Segment the market.
ThanksHope it helps.Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 29,000 shares of stock. The debt and equity option would consist of 17,000 shares of stock plus $220,000 of debt with an interest rate of 6 percent. What is the break-even level of earnings before interest and taxes between these two options? Ignore taxes.
Answer:
See below
Explanation:
Break even EBIT is when earnings per share of the two plans are equal as shown below;
EPS in the first plan = EBIT/Number of shares
There are no interest and taxes
EPS in the second plan = EBIT - (Interest rate × Debt) / Number of shares. No taxes
EBIT/29,000 = EBIT - (6% × $220,000)/17,000
EBIT/29,000 = EBIT - $13,200/17,000
Cross multiply
17,000 (EBIT) = 29,000(EBIT - $13,200)
17,000EBIT = 29,000EBIT - $382,800,000
Collect like terms
$382,800,000 = 29,000EBIT - 17,000EBIT
EBIT = $382,800,000/12,000
EBIT = $31,900
Which of the following currencies are not involved in affecting the revenue your company receives on shipment of action-cameras and UAV drones to buyers in the four geographic regions where it competes?
Answer: Indian rupees and Russian rubles
Explanation:
The options are:
a. Singapore dollars and euros.
b. Indian rupees and Russian rubies
c. US dollars and Taiwan dollars
d. The Brazilian real and Taiwan dollars
e. US dollars and euros
Explanation:
It should noted that the currencies that affects the revenues received by the company on the shipments of camera to the retailers in the four geographic regions where it markets cameras include the U.S. dollars, euros, Singapore dollars, Taiwan dollars, and Brazilian real.
Therefore, based on the options given, we can see that option B "Indian rupees and Russian rubles" is the correct answer as the currencies arr not involved in affecting the revenue.
how do occupancy rate and potential gross rate relate
Explanation:
Occupancy rate is the ratio of rented or used space to the total amount of available space.
The potential gross rate is the total rental income a property can produce if all units were fully leased and rented at market rents with a zero vacancy rate.
They relate through that they both allow for renting?
You own a portfolio that is composed of stocks and bonds. You decided to add a cryptocurrency to the portfolio. Four major cryptocurrencies are available in the market and they are BTC (Bitcoin), ETH (Ether), XRP (Ripple), and LTC (Litecoin). You are going to allocate 10 percent of the portfolio to only one of these cryptocurrencies. Before investing the funds in a cryptocurrency, you estimated the expected return of the overall portfolio and the standard deviation of returns of the portfolio. The Table shows you those numbers (ER means expected return; SD means the standard deviation of returns; RF stands for the risk-free rate of return).
RF = 3%.
Which combination will to select and why?
ER SD
Original Portfolio + BTC 18% 7%
Original Portfolio + ETH 21% 12%
Original Portfolio + XRP 34% 20%
Original Portfolio + LTC 15% 9%
Answer:
Original Portfolio + XRP 34% 20%.
Q1. PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York. PepsiCo has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products. In Pakistan, PepsiCo has not offered all their products which are available in other countries. Few products that they are marketing and selling in Pakistan includes Sting, Lays, Slice, Aquafina, Cheetos and much more but not all flavors are offered within these products.
a) PespsiCo is using which kind of an International strategy? Explain your reasons why? And How PespsiCo Strategic management process will work in Pakistan? Explain each process in detail.
b) What cultural factors PespsiCo needs to consider before marketing its different products in Pakistan? What kind of orientation (Ethnocentric, Polycentric, Geocentric) do you think PespsiCo is using to combat the challenge of Cross-Cultural Boundaries?
Blossom, Inc. began work in 2021 on a contract for $20720000. Other data are as follows: 2021 2022 Costs incurred to date $8880000 $13900000 Estimated costs to complete 5920000 0 Billings to date 6960000 20800000 Collections to date 4960000 17900000 If Blossom uses the percentage-of-completion method, the gross profit to be recognized in 2021 is $3552000. $4000000. $5560000. $5920000.
Answer:
the gross profit using the percentage-of-completion method is $3,552,000
Explanation:
The computation of the gross profit using the percentage-of-completion method is given below
= Contract Value × given percentage - total cost incurred
= $20,720,000 × $8,880,000 ÷ ($8,880,000 + $5,920,000) - $8,880,000
= $12,432,000 - $8,880,000
= $3,552,000
hence, the gross profit using the percentage-of-completion method is $3,552,000
Matching Exercise: Match the type of bond to its definition. Matching Exercise: Match the type of bond to its definition. a) The Catastrophe Bond: (Click to select) b) A Warrant Bond: (Click to select) c) An Income bond: (Click to select) d) A Convertible bond: (Click to select) e) A Put bond: (Click to select)
Answer:
The Catastrophe Bond: covers hurricanes and earthquakes in the U.S.
b) A Warrant Bond: gives the buyer of a bond the right to purchase shares of stock in the company at a fixed price.
An Income bond: states that the bond's coupon payment depends on company income.
c)
Put Bond : allows the holder to force the issuer to buy back the bond at a stated price.
Convertible bond : can be swapped for a fixed number of shares of stock anytime before maturity at the holder's option. .
Explanation:
A catastrophe bond debt instrument usually used by insurance companies. They are usually high yield. The issuer of this type of bond receives money only if specified conditions occur e.g. flood
A 4-year project has an annual operating cash flow of $57,000. At the beginning of the project, $4,800 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,500 on equipment to start the project. This equipment will have a book value of $5,100 at the end of the project, but can be sold for $6,000. The tax rate is 40 percent. What is the Year 4 cash flow
Answer:
$67,440
Explanation:
Year 4 cash flow = operating cash flow + terminal year cash flow
terminal year cash flow = sales price of the machine + net working capital - tax(sales price - book value)
6000 + 4800 - 0.4(6000 - 5100) = $10,400
Year 4 cash flow = $10,400 + $57,000 = $67,400
Choose the term that matches each definition:
a) A decrease in the solubility of an ionic compound as a result of the addition of a common ion.
b) The mass of a salt in grams that will dissolve in 100 mL of water.
c) A solution that has dissolved the maximum amount of a compound at a given temperature. Any further addition of salt will remain undissolved.
d) The product of the molarities of the dissolved ions, raised to a power equal to the ion's coefficient in the balanced chemical equation.
e) The maximum number of moles of a salt that will dissolve in 1 L of solution.
1- Solubility
2- Molar Solubility
3- Solubility product constant
4- Common ion effect
5- Saturated Solution
Answer and Explanation:
a. 4. Common ion effect, this is due to reduction in common ion effect
b. 1. SOlubility as the salt would be dissolved in 100 ml of water
c. 5. Saturated solution as the solution would be dissolved completely
if any extra addition to be made than it would not dissolved
d. 3. Solubility product constant as it used the equation
e. 2- Molar Solubility as the maximum moles would dissolve in 1 liter of solution
You are given the following information for Huntington Power Co. Assume the company’s tax rate is 40 percent.
Debt:
7,000 6.2 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.
Common stock: 340,000 shares outstanding, selling for $52 per share; the beta is 1.08.
Market: 8 percent market risk premium and 4.2 percent risk-free rate.
What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
WACC %
Answer:
WACC= 5.76%
Explanation:
The weighted average cost of capital (WAAC) is the average cost of all the various sources of long-term finance used by a business weighted according to the proportion which each source of finance bears to the the entire pool of fund.
To calculate the weighted average cost of capital, follow the steps below:
Step 1: Calculate the cost of Debt
The yield to maturity to Maturity can be used to work out the cost of debt using the formula below:
YM =( C + F-P/n) ÷ ( 1/2× (F+P))
C- annual coupon,
F- face value ,
P- current price,
n- number of years to maturity
YM - Yield to maturity
C- 6.2%× 1000 =62 , P- 1.05×1000= 1,050, F- 1000
AYM = 62 + (1000-1050)/15 ÷ 1/2× (1000+1050)
= 58.66 ÷ 1025
Yield to maturity =5.7%
Cost of debt= 5.7%
Step 2: Calculate the cost of Equity
Using the CAPM , the cost of equity can be worked out as follows:
E(r)= Rf +β(Rm-Rf)
E(r) =? , Rf- 4.2%, Rm-8% β- 1.08
E(r) = 4.2% + 1.08×(8-4.2) = 8.3%
Cost of equity= 8.3%
Step 3: Calculate the market value of sources of finance
Market value of equity = 52×340,000= 17,680,000.00
Market value of debt = 7,000×1,000×105 = 735,000,000.00
Step 4: Calculate the WACC
Source cost Market value cost× market value
Equity 8.3% 17,680,000 1,467,440.00
Debt 5.7% 735,000,000 41,895,000.
752,680,000. 43,362,440.
WACC= (43,362,440/ 752,680,000) × 100
= 5.76%
WACC= 5.76%
Clan control is most often used in: small, informal organizations or in organizations with a strong culture. small, formal organizations or in organizations with a weak culture. large, informal organizations or in organizations with a weak culture. large, formal organizations or in organizations with a strong culture.
Answer:
small, informal organizations or in organizations with a strong culture
Explanation:
Clan control is mostly used in small & informal organization or the organization that have strong culture as they work as a family rather work as an organization. In this, the high level management represented as a leader also there are not much principles & strategies as the mostly part would be based on the trust
Therefore the first option is correct
two ways in which young entrepreneurs can benefit from Black Industry Scheme
Answer:
Two ways in which young entrepreneurs can benefit from the Black industrialist scheme are as follows: To gain the access to the private banking sector and finance, by equipping with the necessary equity BIP will enhance Black Manufacturing enterprises
The Tough Jeans Company produces two different styles of jeans, Working Life and Social Life. The company sales budget estimates that 400,000 of the Working Life jeans and 250,000 of the Social Life jeans will be sold during the year. The company begins with 9,000 pairs of Working Life and 18,000 pairs of Social Life. The company desires ending inventory of 7,500 of Working Life and 10,000 Social Life. Prepare a production budget for the year. Tough Jeans Company Production Budget For the Year Ending December 31
Answer:
Tough Jeans Company
Production Budget For the Year Ending December 31
Working Life Social Life
Budgeted Sales 400,000 250,000
Add Budgeted Closing Inventory 7,500 10,000
Total 407,500 260,000
Less Budgeted Opening Inventory (9,000) (18,000)
Budgeted Production 398,500 242,000
Explanation:
A Production Budget is prepared to determine amount of units required to meet the Sales and Inventory targets during the year.
Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows:
MONTH DEMAND (UNITS)
January 4,130
February 4,230
March 3,930
April 4,330
May 4,930
June 4,630
July 5,230
August 4,830
September 5,330
October 5,630
November 6,230
December 5,930
Required:
Using linear regression technique, what would you estimate demand to be for each month next year?
Answer:
First month of next month ( x = 13) = 6170
second month ( x = 14 ) = 6389
Explanation:
Determine the estimate demand for each month next year ( use Linear regression )
Linear regression equation: y = a + bx
a = intercept between regression line and y-axis
b = slope of regression
x = month
y = demand
Using excel table attached below
∑x = 78
∑xy = 413340
∑y = 59360
∑(x)^2 = 650
N = 12
(∑x )^2 = 6084
next we will calculate the slope and intercept value
b ( slope ) = ( 12 * 413340 ) - ( 78 * 59360 ) / ( 12 * 650 - 6084 )
= 330,000 / 1716 = 192.31
intercept ( a ) = 59360 - ( 192.31 * 78 ) / 12 = 3696.65
Back to equation 1 :
Linear regression equation = Y = 3696.65 + 192.31 x
where x = number of month ( i.e. 13 , 14 ….. 24 )
To determine the estimate demand for each month next month
Linear regression equation : Y = 3696.65 + 192.31 x
first month of next month ( x = 13) = 3696.65 + 192.31 * ( 13 )
second month ( x = 14 ) = 3696.65 + 192.31 * ( 14 )
Note : apply same equation to every month ( i.e. from x = 15 to 24 ) to determine the estimate demand for each month
Hugh, a self-employed individual, paid the following amounts during the year: Real estate tax on Iowa residence $3,800 State income tax 1,700 Real estate taxes on a vacation home 2,100 Gift tax paid on gift to daughter 1,200 State sales taxes 1,750 State occupational license fee 300 Property tax on value of his automobile (used 100% for business) 475 What is the maximum amount Hugh can claim as taxes in itemizing deductions from AGI
Answer:
$7,650
Explanation:
Calculation to determine the maximum amount Hugh can claim as taxes in itemizing deductions from AGI
Real estate tax on lowa residence $ 3,800
Add Greater of sale tax or state income tax $ 1,750
Add Real estate tax on a vacation home $ 2,100
Itemized deduction allowable $ 7,650
($3,800+$1,750+$2,100)
Therefore the maximum amount Hugh can claim as taxes in itemizing deductions from AGI is $7,650
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company uses machine-hours as its measure of activity.
Standard Hours per Unit of Output 8.1 machine hours
Standard Variable Overhead Rate $14.30 per machine hour
The following data pertain to operations for the last month:
Actual Hours 1,700 machine hours
Actual Total Variable Overhead Cost $24,905
Actual Output 200 units
What is the variable overhead efficiency variance for the month?
a. $567 favourable.
b. $1,144 unfavourable.
c. $1,172 favourable.
d. $1,172 unfavourable.
Answer:
b. $1,144 unfavourable.
Explanation:
The computation of the variable overhead efficiency variance is shown below:
= (Actual Hours - Standard Hours) × Standard rate per hour
=(1,700 - 8.1 × 200 units) × $14.30
= 80 × $14.30
= $1,144 unfavorable
hence, the variable overhead efficiency variance is $1,144 unfavorable
Therefore the option b is correct
Your uncle repays a $300 loan from Tenth National Bank (TNB) by writing a $300 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan. Your Uncle AssetsLiabilities $ $ Tenth National Bank AssetsLiabilities $ $ Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle AssetsLiabilities $ $ Tenth National Bank AssetsLiabilities $ $ True or False: Your uncle's wealth has changed. True False
Answer:
a. We have:
Four your Uncle: Debit the T-accounts under Assets (Checking) for $100; Credit the T-accounts under Liabilities (Loans) with $100.
Four Tenth National Bank: Debit the T-accounts under Assets (Loan) with $100; Credit the T-accounts under Liabilities (Deposits) for $100.
b. We have:
Four your Uncle: Debit the T-accounts under Assets (Checking) for $0; Credit the T-accounts under Liabilities (Loans) with $0.
Four Tenth National Bank: Debit the T-accounts under Assets (Loan) with $100; Credit the T-accounts under Liabilities (Deposits) for $0.
c. False
Explanation:
a. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan.
Note: See part a of the attached excel for the T-accounts for your uncle and TNB before your uncle repays the loan
b. Complete the following T-accounts for your uncle and TNB after your uncle repays the loan.
Note: See part b of the attached excel for the T-accounts for your uncle and TNB after your uncle repays the loan
c. True or False: Your uncle's wealth has changed.
False, his wealth has not changed. The reason is that his assets are now zero and his liabilities or loans are also now zero.
A characteristic of a natural monopoly is that
Question 8 options:
A)
the firm is supported by the consumer and voted into existence by the voters.
B)
the firm is dedicated to the use of natural resources.
C)
there's no government intervention in the market.
D)
adding businesses in competition would increase cost to the consumer.
Answer:
Adding businesses in competition would increase cost to the consumer
Answer:
Adding businesses in competition would increase cost to the consumer
Explanation:
Explain the effect of a lack or shortage of entrepreneurs on the Economy
Explanation:
Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth. ... Thus, a shortage in entrepreneurs will not cater to these advantages and the economy will suffer.
Grouper Inc. wishes to accumulate $1,066,000 by December 31, 2030, to retire bonds outstanding. The company deposits $164,000 on December 31, 2020, which will earn interest at 8% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,066,000 is available at the end of 2030. (The quarterly deposits will also earn at a rate of 8%, compounded quarterly).
Answer:
Quarterly deposit= $11,653.28
Explanation:
First, we need to determine the future value of the lump sum investment. We need to use the following formula:
FV= PV*(1+i)^n
n= 10*4= 40 quarters
i= 0.08/4= 0.02
PV= $164,000
FV= 164,000*(1.02^40)
FV= $362,118.51
Now, the total difference to reach the $1,066,000:
Difference= 1,066,000 - 362,118.51= $703,881.49
To calculate the quarterly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (703,881.49*0.02) / [(1.02^40) - 1]
A= $11,653.28
1. Which of the following words is generally used to describe what managers do as opposed to what leaders do?
O A. Organize
O B. Inspire
O C. Innovate
O D. Influence
Given the restrictions on collusion in the US, what techniques do Oligopoly firms use to stay
competitive and in business?
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Crane Company deducts insurance expense of $174000 for tax purposes in 2021, but the expense is not yet recognized for accounting purposes. In 2022, 2023, and 2024, no insurance expense will be deducted for tax purposes, but $58000 of insurance expense will be reported for accounting purposes in each of these years. Crane Company has a tax rate of 20% and income taxes payable of $156000 at the end of 2021. There were no deferred taxes at the beginning of 2021. What is the amount of the deferred tax liability at the end of 2021
Answer: $34800
Explanation:
Based on the information given in the question, the amount of the deferred tax liability at the end of 2021 will be:
= Tax rate × Insurance expense
= 20% × $174000
= 0.2 × $174000
= $34800
Therefore, the amount of the deferred tax liability at the end of 2021 is $34800.
2. Identify four skills that you will need to actively participate in meetings.
Answer:
Particpating, having to ability to drink a lot of coffe, being energetic, concertrating.
Explanation:
Bernice Ruel operates Leather Unlimited, a leather shop that sells luggage, handbags, business cases, and other leather goods. During the month of March, the following transactions occurred. The applicable sales tax rate is 6%.
Mar. 2 Sold merchandise on account to Emma Sommers, $250.00, plus sales tax. 9 Sold merchandise on account to Shelly Feinstein, $470.00, plus sales tax. 12 Emma Sommers returned $40.00 worth of merchandise purchased on March 2 for credit. 18 Sold merchandise on account to Maureen Hodge, $110.00, plus sales tax. 19 Sold merchandise on account to Frank MacDonald, $165.00, plus sales tax. 22 Received payment from Emma Sommers on account. 26 Maureen Hodge was given an allowance of $30.00 when she reported damage in the merchandise purchased on March 18. 28 Sold merchandise on account to Emma Sommers, $500.00, plus sales tax. 29 Sold merchandise on account to Shelly Feinstein, $230.00, plus sales tax. 31 Received payment from Maureen Hodge on account. 31 Cash sales for the month were $2,600, plus sales tax.
Required:
Enter the above transactions in the general journal.
Assume and act like you posted the journal entry to the Accounts Receivable accounts. Do not forget the Post Ref. Information
Chart of Accounts: Cash 101, Accounts Receivable 122, Sales Tax Payable 231, Sales 401, Sales Returns & Allowances 401.1
GENERAL JOURNAL
Page 1
Date
Description
Post
Ref.
Debit
Credit
Answer:
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