Answer:
Explanation:
Policies should provide good guidelines and expectations to ensure fair and consistent ... If there is a need for government laws and regulations compliance (e.g., the ... For example, "All employees will be subject to this new policy/revision as of [date].
The company’s cost of capital is 8.5%. a. Calculate Watervan’s economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the company’s return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. What is its return on equity? (Use start-of-year rather than average equity.) (Enter your answer as a percent rounded to 2 decimal places.) d. Is the company creating value for its shareholders?
Answer:
A. $21.32 millions
B. 10.45%
C. 22.19%
D. Yes
Explanation:
A. Calculation for the Watervan’s economic value added (EVA)
Using this formula
Economic value added (EVA) = [EbIT x (1 - tax rate)] - (Cost of capital x invested capital)
Let plug in the formula
Economic value added (EVA)
= 98 millions x (1 - 0.21) - (8.5% x 660 million)
Economic value added (EVA)= 77.42 millions - 56.1 millions
Economic value added (EVA)= $21.32 millions
Calculation for Tax rate
Tax rate = 15.75/75 x 100
Tax rate= 21%
B. Calculation for the company’s return on capital
Using this formula
Return on capital = Net income/invested capital
Let plug in the formula
Return on capital= 59.25/567 x 100
Return on capital = 10.45%
C. Calculation for return on equity
Using this formula
Return on equity = Net Income/Shareholders equity
Let plug in the formula
Return on equity= 59.25/267 x 100
Return on equity= 22.19%
D. Yes the company is creating value for its shareholders reason been that the company return on equity is on the high side .
December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory originally cost Vogel $309,000. December 8 – Hatcher Corp. returned inventory to Vogel Corporation for a credit of $3,200. Vogel returned this inventory to inventory at its original cost of $2,010. December 12 – Hatcher Corp. paid Vogel Corporation for the amount owed. Required: Prepare the journal entries to record these transactions on the books of Vogel Corporation. What is the amount of net sales to be reported on Vogel Corporation’s income statement? What is the Vogel Corporation’s gross profit percentage?
Answer:
Journals :
December 3
Accounts Receivable :Hatcher Corp. $492,000 (debit)
Cost of Sales $309,000 (debit)
Sales Revenue $492,000 (credit)
Inventory $309,000 (credit)
Sold goods on credit to Hatcher Corp
December 8
Sales Revenue $3,200 (debit)
Inventory $2,010 (debit)
Accounts Receivable : Hatcher Corp. $3,200 (credit)
Cost of Sales $2,010 (credit)
Hatcher Corp. returned goods
December 12
Cash $43,920 (debit)
Discount allowed $4,888 (debit)
Accounts Receivable : Hatcher Corp. $488,800 (credit)
Payment received from Hatcher Corp and discount allowed recognized
Net Sales to be reported :
Net Sales = $483,912
Gross profit percentage ;
36.56 %
Explanation:
Payment made by Hatcher Corp is still within 10 days (the discount period) thus the customer is eligible for a cash discount calculated on the sales amount less returns as follows :
Discount allowed = $488,800 × 1%
= $4,888
Thus,
Net Sales = $492,000 - $3,200 - $4,888
= $483,912
Gross Profit Percentage = Gross Profit /Sales × 100
Where
Gross Profit = Sales - Cost of Sales
= $483,912 - ($309,000 - $2,010)
= $176,922
Therefore,
Gross Profit Percentage = $176,922/ $483,912 × 100
= 36.56 %
The investment that Toyota makes in Uber is an investment in which part of Toyota's value-chain activities?
Answer:
Support activities.
Explanation:
In 1985, Michael E. Porter introduced to the world a value-chain model. The value-chain model describes the set of activities or processes that an organization uses to create value for its consumers by creating a product from just an idea or concept.
Basically, the value-chain activities is a framework for transforming an idea, concept or raw materials into a finished product and then to the end users (consumers).
Michael Porter’s value-chain comprises of five (5) primary activities and these includes; inbound logistics, outbound logistics, service, marketing and sales, and operations. Also, all of these primary activities make use of support activities, represented by a vertical column at the top of the primary activities.
This ultimately implies that, the support activities complements all of the primary activities and they include; procurement, firm infrastructure, technology development and human resources management.
Hence, the investment that Toyota makes in Uber is an investment in support activities of the value-chain model because it involves the procurement of another business to support its logistics.
According to the video, which tasks are Special Education Teachers likely to perform? Check all that apply. teaching basic subject material driving students to and from school working with educational technology working with and meeting with parents preparing lesson plans volunteering in public libraries interviewing other teachers to hire
Answer:
Teaching basic subject material,working with educational technology,working with and meeting with parents,preparing lesson plans
Explanation:
Just took the assignment Hope this helped
Answer:
look at the picture
Explanation:
You will need to revise your budget to account for a car payment.
Which expense category would be the most difficult to change or reduce?
Answer:
rent
Explanation:
Answer:
Option B: Rent
Explanation:
I just took the test on edgenuty
If 10 year t bonds have a yied of 6.0%, 10 year corporate bonds yield 8.0%, the maturity risk premium on all 10 year bond is 1.0%, and corporate bonds have a 0.1% liquidity premium versus a zero liquidity premiun for t bonds what is the default risk premium on the corporate bond?
Answer:
Default risk premium = 1.9%
Explanation:
r = r* + IP + MRP + DRP + LP
Where, IP is the Inflation premium, MRP = market risk premium, DRP=default risk premium, LP=liquidity risk premium, R* = Real risk free rate
The only factors above which will different in T bond and corporate bond is LP and DRP and others will be same
Corporate bond yield=8.0%
T bond yield=6.0%
LP=0.1%
(8.0%-6.0%)=LP+DRP
DRP = 2.0%-0.1%
DRP = 1.9%
URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.
Answer:
Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.
Explanation:
If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.
Reyes manufacturing company uses a job order cost system. at the beginning of january, the company had one job in process (job 201) and one job completed but not yet sold (job 200). job 202 was started during january. other select account balances follow (ignore any accounts that are not listed).
Question Completion:
During January, the company had the following transactions:
a) Purchased $20,000 worth of materials on account.
b) Recorded materials issued to production as follows:
Job Number Total Cost
201 $12,000
202 21,000
Indirect materials 3,200
$36,200
c) Recorded factory payroll costs from direct labor time tickets that revealed the following:
Job Number Hours Total Cost
201 100 $2,150
202 500 10,750
Factory supervisor's 5,000
$17,900
d) Applied overhead to production at a rate of $25 per direct labor hour for 600 actual direct labor hours.
e) Recorded the following actual manufacturing overhead costs:
Items Total Cost Description
Factory rent $3,100 Paid in cash
Depreciation 2,500 Factory equipment
Factory utilities 1,750 Incurred but not paid
Factory insurance 1,250 Prepaid policy
$8,600
f) Completed Job 201 and transferred it to Finished Goods Inventory.
g) Sold Job 200 for $31,000.
Job 202 was still in process at the end of January.
Requirement: Post all transactions to T-accounts, including offsetting accounts, like the Cash Account, etc.
Answer:
Reyes Manufacturing Company
T-accounts:
Raw materials
Account Titles Debit Credit
Accounts payable $20,000
Job 201 $12,000
Job 202 21,000
Indirect materials 3,200
Accounts payable
Account Titles Debit Credit
Raw materials $20,000
Job 201
Account Titles Debit Credit
Raw materials $12,000
Salaries expenses 2,150
Manufacturing overhead 2,500
Finished Goods $16,650
Job 202
Account Titles Debit Credit
Raw materials $21,000
Salaries expenses 10,750
Manufacturing overhead 12,500
Ending Balance $44,250
Finished Goods Inventory
Account Titles Debit Credit
Job 201 $16,650
Cost of Job 200 sold $
Cost of goods sold
Account Titles Debit Credit
Finished goods $
Sales Revenue
Account Titles Debit Credit
Cash $31,000
Cash Account
Account Titles Debit Credit
Sales revenue $31,000
Manufacturing overhead
Account Titles Debit Credit
Raw materials $3,200
Salaries expenses 5,000
Job 201 $2,500
Job 202 12,500
Salaries Expense
Account Titles Debit Credit
Job 201 $2,150
Job 202 10,150
Manufacturing overhead 5,000
Explanation:
All the accounts involved in Reyes Manufacturing Company's January transactions are posted to the general ledger in the form of T-accounts with debit and credit sides. The balances are not extracted.
The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP accounts this transaction is included in a. in government expenditures and exports. b. government expenditures and imports. c. exports, but not government expenditures. d. imports, but not government expenditures.
Answer:
A. In government expenditures and imports.
Explanation:
We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.
In the case of this transaction, it is included in GDP accounts in government expenditures and imports.
GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP
The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, September 1 $ 2,200 September 7 NSF check $ 100 2,100 September 11 $ 3,300 5,400 September 12 #101 $ 900 4,500 September 17 #102 1,900 2,600 September 26 #103 2,400 200 September 29 EFT deposit 200 400 September 30 Service charge 20 380 Cash (A) Sep 1 Balance 2,200 Sep 10 3,300 900 Sep 10 #101 Sep 30 3,000 1,900 Sep 15 #102 2,400 Sep 22 #103 50 Sep 28 #104 Sep 30 Balance 3,250 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company’s customers. Required: Prepare a bank reconciliation.
Answer:
Bank account reconciliation:
Bank balance $380
+ deposits in transit $3,000
- outstanding checks ($50)
reconciled bank balance $3,330
Cash account reconciliation:
Cash balance $3,250
- NSF check ($100)
+ EFT deposit $200
- bank fees ($20)
reconciled cash account $3,330
Explanation:
Bank statement
Checks Deposits Other Balance
Balance, September 1 2,200
September 7 NSF check 100 2,100
September 11 3,300 5,400
September 12 #101 900 4,500
September 17 #102 1,900 2,600
September 26 #103 2,400 200
September 29 EFT deposit 200 400
September 30 Service charge 20 380
Cash account
Sep 1 Balance 2,200
Sep 10 3,300 900 Sep 10 #101
Sep 30 3,000 1,900 Sep 15 #102
2,400 Sep 22 #103
50 Sep 28 #104
Sep 30 Balance 3,250
