Answer:
Credit to sales revenue for $87,000
Explanation:
So, in the question above we are given the following parameters or information or data in order to be able to solve this question effectively and the data or parameters are;
=> " rebates of 3% on purchases up to $80,000 and 6% on purchases above $80,000 if the customer’s purchases for the year exceed $300,000"
=> "In the past, AAA normally purchases $400,000 in parts during a calendar year."
=>" On March 25, 2021, AAA Car Repair purchased $90,000 of parts."
Hence, the rebates on $80,000 purchases = 80000 × 3/100 = 2,400.
Rebates on purchases greater than $80,000 = (90,000 - 80,000) × 6/100 = 600.
Total rebate= 2400 + 600 = $3000.
Hence, the net sales revenue = sales - rebate = $90,000 - $3000 = $87,000.
Mention and explain the different types of checks, and is the type of the check effect
the indorsement?
Answer:
There are types of checks that are used in endorsements.
Explanation:
The checks are different types that are used in endorsements by bearers
The Bank cheque The order chequeThe bearer chequeThe blank chequeThe counter chequeThe stale chequeThe mutilated chequeThe post-dated chequeThe open chequeThe crossed chequeThe gift chequeThe traveler chequeThe banker chequeThe outstanding chequeLoran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in 20X1. In 20X1, Loran deducted $4,000 in bad debts. Loran expects the timing difference to reverse $3,000 in 20X2 and $7,000 in 20X3. The income tax rate is 40%. Which of the following entries would be included for the deferred tax entry required at the end of 20X2?
Answer:
The answer is "2800".
Explanation:
The positive temporary difference at 20X2 end\(= 7000\)
X Tax rate on revenue\(=40\%\)
At the end of 20X2 deferred account of tax assets= \(2800\)
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
1. The variable cost per unit produced is $22.00.
2. The variable cost per unit produced is $22.00.
3. The total variable costs for units produced is $572,000.
4. The total variable costs for units produced is $781,000
5. The average fixed manufacturing cost per unit is $7.81.
6. The average fixed manufacturing cost per unit is $5.72.
7. The total fixed manufacturing cost is $202,950.
8. The total fixed manufacturing cost is $202,950.
Data and Calculations:
Relevant production range = 26,000 to 35,500 units
Average production and sales units = 30,750 units
Average Variable Costs:
Direct materials $ 8.60
Direct labor $5.60
Variable manufacturing overhead $ 3.10 $17.30
Sales commissions $ 2.60
Variable administrative expense $ 2.10 $4.70
Total variable costs $22.00 $22.00
Fixed Costs:
Per Unit Total
Fixed manufacturing overhead $ 6.60 $202,950 ($6.60 x 30,750)
Fixed selling expense $ 5.10 $156,825 ($5.10 x 30,750)
Fixed administrative expense $ 4.10 $126,075 ($4.10 x 30,750)
Total fixed costs for 30,750 units $485,850
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The following question may be like this:
Kubin Company’s relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 8.60
Direct labor $ 5.60
Variable manufacturing overhead $ 3.10
Fixed manufacturing overhead $ 6.60
Fixed selling expense $ 5.10
Fixed administrative expense $ 4.10
Sales commissions $ 2.60
Variable administrative expense $ 2.10
Required:
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
All of the following are ways to be an effective team player except
-always be ready to help teammates if needed
-promote your own accomplishments often
- recognize and admit when you have been wrong
- show genuine commitment and strive for excellence
With the exception of frequently promoting one's own accomplishments, there are a number of methods for being an effective team player. Option B is correct .
What are the characteristics of a good team player?There are many outstanding characteristics in an effective team player. Let's take a look at these seven characteristics of effective team members:
Knowledgeable A good employee goes above and beyond what is expected of them and is aware of the scope of their work. To be knowledgeable, you must also be able to adapt and think strategically to take in useful information around you. Widen your insight by perusing, watching useful recordings on the web, or working with an improvement mentor.
Willingness to Learn Having knowledge is not sufficient. You should be willing to acquire new abilities, characteristics, and skills in order to fulfill your job responsibilities. Ability to advance additionally implies being available to your associate's thoughts. Find a mentor, attend conferences, or read books to learn new skills.
Always Ready to Help Successful members of a team are always ready to help others and reach out to them. In addition, they are able to adapt to the abilities and working styles of others, allowing them to adapt and assist when necessary.
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Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?
Answer: D) How to exit safely in the event of a fire
Explanation:
On June 1, 2024, Lone Pine leased a building. The lease agreement calls for Lone Pine to make lease payments of $3,624.84 each month for the next two years, with the first lease payment beginning June 30. The company’s normal borrowing rate is 9%.
Required:
1. Calculate the present value of the lease payments. (Hint: Use a financial calculator or Excel.)
2. Record the lease on June 1, 2024.
The lease payments' present value is $79,853.73.
Calculate the present value of the lease payments.We must apply the present value formula to determine the present value of the lease payments:
PV is equal to PMT times [(1 - (1 / (1 + r)n)]/r.
PV = Present Value in this case
PMT stands for rent.
r is the annual interest rate and n is the number of periods.
PMT is $3,624.84 in this instance, with r = 9% / 12 = 0.75% and n = 24. With these values entered into the formula, we obtain:
PV = $3,624.84 x [(1 - (1 / (1 + 0.0075)^24)) / 0.0075] .0075]
PV = $79,853.73
As a result, the lease payments' present value is $79,853.73.
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Benjamin is planning to go to graduate school in a program that will take three years. Benjamin wants to have $10,000 available each year for his school and living expenses. If he earns 6% on his investments, approximately how much must be deposited at the start of his studies for him to withdraw $10,000 a year for three years
Answer:
$26,730
Explanation:
The amount to be deposited can be determined by finding the present value of the annuity
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 3 = $10,000
I = 6%
PV = $26,730
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Compared with diversification based on intangible resources, diversification based on financial resources is: a. less imitable and more likely to create value on a long-term basis. b. more imitable and less likely to create value on a long-term basis. c. less imitable and less likely to create value on a long-term basis. d. more imitable and more likely to create value on a long-term basis.
Answer:
b. more imitable and less likely to create value on a long-term basis.
Explanation:
In Finance, diversification can be defined as an investment technique that focuses on distributing capital or portfolio across various investments.
Basically, the aim of adopting a diversification is to lessen or mitigate the degree of uncertainty of the portfolio by enhancing its high long-term returns.
Diversification helps financial experts or investors to complement or annul the losses associated with an asset class by the benefits of another asset class in a portfolio.
Compared with diversification based on intangible resources, diversification based on financial resources is more imitable or copied by rivals in the industry and less likely to create value on a long-term basis.
Diversification based on intangible resources, includes intellectual property, brand recognition, human resources, patents, customer lists, trademarks, copyrights, and goodwill etc.
Diversification based on financial resources, includes shares, money, bond, gold, debentures, checks, and promissory notes.
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
Ricardo uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business. Which of the following is correct?
a. Juan should deduct a good-faith estimate of his expenses for the auto as a business expenses.
b. Juan should estimate his total vehicle expenses for the year, then deduct 50% of that amount as business expense.
c. Juan could have leased a comparable vehicle for $3,600 for 2016. Therefore, he should deduct $3,600 as a business expense.
d. Juan cannot deduct any vehicle expenses because he has no record of his expenses.
Answer: d. Juan cannot deduct any vehicle expenses because he has no record of his expenses
Explanation:
A sole proprietorship is a form of business that is owned and controlled by one person.The person enjoys the profit alone and bears the risk alone as well.
Since we are given the information that he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business, this means that Juan cannot deduct any vehicle expenses because he has no record of his expenses.
We should note that for a deduction to be made, the details of how the vehicle is used for business purposes would be required. Since he doesn't have it, he can't deduct any vehicle expenses.
Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 28,000 $ 23,000 Finished goods $ 57,000 $ 61,000 Additional information: Direct materials $ 68,000 Direct labor cost $ 98,000 Manufacturing overhead cost incurred $ 74,000 Manufacturing overhead cost applied to Work in Process $ 72,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is:
Answer:
COGS= $241,000
Explanation:
First, we need to calculate the cost of goods manufactured with allocated overhead:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 28,000 + 68,000 + 98,000 + 72,000 - 23,000
cost of goods manufactured= $243,000
Now, we determine the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 57,000 + 243,000 - 61,000
COGS= $239,000
Finally, we close the under/over applied overhead to COGS:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 74,000 - 72,000
Underapplied overhead= $2,000
We need to debit COGS and credit overhead:
COGS 2,000
Manufacturing overhead 2,000
COGS= 239,000 + 2,000
COGS= $241,000
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye
Answer:
I think it's A) Always just answer the question the customer has.
Explanation:
I know it's not D) "Never look the customer in the eye."
I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.
And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.
So that leaves answer choice A
After taking this course and learning more about business communication, do some internet research on companies that make communication in the workplace a priority. Find one organization that stands out to you as one that you would be excited to work for.
Name the organization.
What did you discover about this organization and their approach to communication in business?
Share what makes their communication strategy unique or intriguing to you?
What will you look for in organizations you want to work for? What will you look for in managers as you interview with organizations in the future?
Go-ogle is one of the most sought-after companies in terms of employment. Employees at Go-ogle make a lot of money in addition to enjoying benefits like access to dog parks and coffee cafes.
Why is working for Go-ogle a fantastic opportunity?It is a popular choice among job seekers since the company provides its employees with cutting-edge tools and technology as well as a friendly work atmosphere. It is a popular choice because of its career progression opportunities, competitive pay structure, and other perks.
In addition to having flexible hours, It allows its employees to work remotely for up to four weeks every year. A "work-from-anywhere week" is an employee advantage that allows them to bring their work with them wherever they go.
What is the communication method it employs?It provides several different ways to communicate, such as social networking, text messaging, videos, and email. The benefit of using it for some of your communication needs is that all of the tools can be accessed with a single username, and information is integrated between them without any gaps.
Why do you want to work for your business?Express your pas-sion for the goals, goods, and services of the business. Employers want to know that you are pas-sionate about their job, whether it is a service, a mission, a brand, or a combination of these. The organization's guiding values, which are typically posted on its web-site, may help you connect your pas-sion to the organization.
What traits should I evaluate while interviewing a manager?A person like this might be emotionally intelligent, well-organized, inspiring, or a gifted speaker. To be able to describe a manager who would work well in that environment, you should take the time to study the organizational structure of the company and where your desi-red position would lie within it.
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The aging schedule of a firm shows that 40 percent of the receivables are collected in 18 days and the remaining 60 percent of the receivables are collected in 50 days. As a result, the firm's days sales outstanding (DSO) is _____. Group of answer choices
The firm's days sales outstanding is 37.2 days.
Days sales outstanding refers to the average number of days its takes a firm to receive the payment for a sale done.
Days sales outstanding = 18 days*40% + 50 days*60%
Days sales outstanding = 7.2 days + 30 days
Days sales outstanding = 37.2 days
Therefore, the firm's days sales outstanding is 37.2 days.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
Direct Materials processed: 29,500 gallons
The Gross Margin Percentage is 31.62%.
Sales Price = (14,000 gallon*$3.5 + 15,500 gallon*$6)
Sales Price = $49,000 + $93,000
Sales Price = $142,000
Total Processing Costs = $49,000
Separable Costs = $13500 + $34600
Separable Costs = $48,100
Gross profit = Sales Price - Total - Processing Costs- Separable Costs
Gross profit = $142,000 - $49,000 - $48,100
Gross profit = $44,900
Gross Margin Percentage = Gross profit/Sales Price * 100
Gross Margin Percentage = $44900 / $142000 * 100
Gross Margin Percentage = 31.62%
Therefore, the Gross Margin Percentage is 31.62%.
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A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 200 $ 140 6/5 Purchase 400 $ 160 11/10 Purchase 100 $ 200 During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method
Answer:
$64,000
Explanation:
Calculation to determine the cost of goods sold using the average cost method
First step is to calculate the Average cost
Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units
Average cost= $160
Now let calculate the Cost of goods sold
Cost of goods sold = $160 × 400 units
Cost of goods sold = $64,000
Therefore the cost of goods sold using the average cost method will be $64,000
Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.
False
True
Answer:
I would assume it is true
Explanation:
Which two of the following statements are true about Attribution reports?
Select All Correct Responses
A. App conversions and store visits are included in Attribution reports
B. App conversions and store visits are not included in Attribution reports
C. Attribution reports can help you estimate how changes to your attribution model might impact conversion reporting
D. Attribution reports can help you evaluate and optimize performance after you’ve changed your attribution model
B. App conversions and store visits are not included in Attribution reports of the following statements are true about Attribution reports.
What is revealed by an attribution report?The paths customers follow to complete conversions are displayed in attribution reports, which also offer insights into how your various advertising campaigns interact to produce conversions. You may check, for instance, whether some keywords helped with conversions that subsequently came about as a result of other keywords.
Store visits and app conversions are excluded from Attribution reports. You can make an educated guess about how adjustments to your attribution model would affect conversion reporting using attribution reports. After changing your attribution model, attribution reports can aid in performance evaluation and optimization.
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What is the future value of 875 six years from now if the required rate of return is 7% (Rounded to 2 decimal places)?
The future value of 875 six years from now is mathematically given as
F= 1.313.13
What is the future value of 875 six years from now if the required rate of return is 7%?Generally, the equation for Future Value is mathematically given as
Future Value = P * (1+r)^n
Therefore
F= 875 * (1+7%)^6
F= 875 * 1.50073035
F= 1.313.13
In conclusion, Future Value
F= 1.313.13
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Compare the role of grocery sales in Amazon and Walmart’s business strategies.
The business models of Amazon and Walmart differ when it comes to sales in the supermarkets.
Amazon: Grocery sales are a significant component of Amazon's overall business strategy since the company intends to give customers a holistic shopping experience that covers all aspects of their lives, including food and household items. Amazon's grocery section aims to give customers a straightforward online shopping experience with speedy deliveries of a range of products, including fresh groceries and pantry basics.
Walmart: Contrarily, shoppers are more interested with offering a large selection and affordable prices in Walmart's grocery sales. Walmart's food sector is a part of its larger retail operations, and the company utilizes its extensive physical location network to offer customers a pleasurable shopping experience whether they are making purchases in-store or online. Walmart has also made large investments in its grocery collection, offering a wide range of reasonably priced pantry staples in addition to fresh produce, meats, and dairy products.
As a result, even though both Amazon and Walmart have a substantial presence in the grocery sales sector, their approaches are different, with Walmart emphasizing cheap pricing and in-store availability and Amazon focusing on low costs and online convenience.
A company's business strategy encompasses all decisions made and activities taken in order to fulfill its larger goal. By comprehending business strategy and successfully implementing it, companies can become leaders in their respective industries.
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(a) compute the arithmetic mean and (b) indicate whether it is a statistic or a
parameter.
7. There are 10 salespeople employed by Midtown Ford. The number of new cars sold last month by the
respective salespeople were 15, 23, 4, 19, 18, 10, 10, 8, 28, 19.
(A) The arithmetic mean of this data is 15.4. (b) The arithmetic mean is a statistic.
What is arithmetic mean?Arithmetic mean, also known as the average, is a mathematical concept used to measure the central tendency of a population or data set. It is calculated by adding all of the values in a population or data set, and then dividing the sum by the number of values. The result of this calculation is the arithmetic mean, which provides an estimate of the average value in a given population or data set. It is useful for summarizing the average value of a set of numbers and is one of the most commonly used statistical measures. Arithmetic mean is important to understand because it provides a way to compare different populations or data sets, and can be used to make decisions about the data.
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Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock
Complete Question:
BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock.
Answer:
BenchMark, Inc.
The current share price for the stock is:
$43.13
Explanation:
a) Data and Calculations:
Dividend per share = $3.45
Growth rate = 5%
Investors' required rate of return = 13%
Stock value = Dividend per share / (Required Rate of Return – Dividend Growth Rate)
= $3.45/(0.13 - 0.05)
= $43.13
b) We can calculate BenchMark's current share price, by dividing the dividend per share by the investors' required rate of return after subtracting the growth rate from the required rate of return.
11. Discuss the various forms of notations
Based on the business process model and notations, the various forms of notations include the following: Private business processes, Abstract processes, and Collaboration processes.
What is Business Process Model and Notation?The Business Process Model and Notation is a term that is used to describe the graphical expression for defining business processes in a business process model.
The Various Forms of Notations include the following: Private business processes: this is also known as the Internal business process. It is used mostly for internal processes in an organization.Abstract processes: this is also known as Public. a process which is used to represent the interactions between a private business and other individuals or clients.Collaboration processes: this is also known as the global process which is used to communicate between two or more business firms.
Hence, in this case, it is concluded that there are three major forms of notation in business.
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The small country of Benin has many international trading partners between not only countries close by, but also larger countries such as the U.S. What is one of the benefits that Benin receives from lowering its trading barriers? It receives a fixed quantity of goods and services which supply the population by limiting the number of goods and services available. The economy needs to produce goods and services that the country requires. Workers and firms in the country can now specialize in areas because other goods and services are found through trade.
In contrast to what would have been achievable domestically, trade between two agents or nations enables the countries to enjoy a higher overall production and level of consumption.
What is one advantage that Benin gains from relaxing its trade restrictions?
Competition in the liberalized industry may be boosted by lowered trade and FDI restrictions on finished goods (s). This can assist businesses in utilizing economies of scale, enhancing efficiency, incorporating foreign technology, and innovating.
The potential of an improved trade balance and the protection of homegrown growing sectors are benefits of trade protectionism. Inefficiencies in the economy and a lack of customer choice are drawbacks. Other nations retribution is another concern for nations. Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through free trade agreements, which can serve to enhance regulations governing matters like intellectual property, e-commerce, and public procurement.
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State the method of acknolwdgement
Explanation:
A page of acknowledgements is usually included at the beginning of a Final Year Project, immediately after the Table of Contents.
Acknowledgements enable you to thank all those who have helped in carrying out the research. Careful thought needs to be given concerning those whose help should be acknowledged and in what order. The general advice is to express your appreciation in a concise manner and to avoid strong emotive language.
Note that personal pronouns such as 'I, my, me …' are nearly always used in the acknowledgements while in the rest of the project such personal pronouns are generally avoided.
The following list includes those people who are often acknowledged.
Note however that every project is different and you need to tailor your acknowledgements to suit your particular situation.
Main supervisor
Second supervisor
Other academic staff in your department
Technical or support staff in your department
Academic staff from other departments
Other institutions, organizations or companies
Past students
Family *
Friends *
Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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a. On July 31, the company’s Cash account has a $25,860 debit balance, but its July bank statement shows a $27,903 cash balance. b. Check No. 3031 for $1,410 and Check No. 3040 for $697 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $481 and Check No. 3069 for $2,178, both written in July, are not among the canceled checks on the July 31 statement. c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent was correctly written and drawn for $1,280 but was erroneously entered in the accounting records as $1,270. d. A credit memorandum enclosed with the July bank statement indicates the bank collected $9,000 cash on a non-interest-bearing note for Branch, deducted a $45 collection fee, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. e. A debit memorandum for $805 lists a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. Enclosed with the July statement is a $14 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received. g. Branch’s July 31 daily cash receipts of $10,152 were placed in the bank’s night depository on that date, but do not appear on the July 31 bank statement.Required:Prepare the bank reconcilliation statement for the company as of July 31 2015.
Answer: Please see explanation column for answers
Explanation:
RECONCILIATION BANK STATEMENT FOR JULY 31,2015.
Bank statement Balance $27,903
Add:
Deposit on July 31 $10,152
Deduct:
check 3031 $1,410
check 3065 $,481
check 3069 $ 2,178
Adjusted Bank Balance $33,986
Company Book Balance $25,860
Add:
proceeds of notes less collection charge $ 8,955
( $9000- $45)
Deduct:
NSF check fee $805
Bank Service charge $14
Error on check 3056 ( 1280-1270) $10
Adjusted book Balance $33,986