Plano Co. 12/31/2021
Partial Trial Balance Data Debits Credits
Sales revenue 830,000
Interest revenue 60,000
Gain on sale of investments 110,000
Cost of goods sold 500,000
Selling expenses 150,000
Restructuring costs 40,000
Interest expense 30,000
General and administrative expenses 60,000
Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%.
Required:
Prepare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)
Answers
Answer:
A multiple-step income statement with earnings per share disclosure is made and attached with this answer in pdf format.
Explanation:
Multistep income statement prepared by calculating income in multiple steps
First gross income is calculated by deducting gross income from sales value.
Then operating income is calculated by deducting the total operating expenses from the gross profit.
The non-operating income and expenses are adjusted in the operating income to calculate the income before tax.
Then income tax is deducted to arrive at net income for the period.
The net income is dividend by the outstanding numbers of shares to calculate the earnings per share.
Related Questions
You answer a call from a customer who
asks to speak to a
immediately
manager or someone higher up.
What would you do?
Answers
What you should do when answering a call from a customer who asks to speak with a manager or someone higher up right away is try to understand the situation to see if you can resolve it yourself.
How to provide quality service?It is necessary to always be attentive to the customer's needs, helping them in the process before and after the purchase, in addition to explaining the services and products, being kind, cordial and ethical.
Therefore, the best way to deal with customers is through ethics, patience and dedication to solving the problem.
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QUESTION 9 of 10: You bid $111 per room per night for 40 guests for one night. The meeting planner says you've got the business If you
can come down 10% on the bid. What new total bld will win the business?
Answers
Answer:
$3,996.00
Explanation:
The current bid represents 100%. the total for this bid is below
=$111 x 40 rooms
=$4,440.00
The new bid should be 10% less than the original bid. in other words, the new bid is 90% of the original bid
=90% of $4,440.00
=90/100 x $4,440.00
=0.9 x $4,440
=$3,996.00
Cordell Inc. experienced the following events in Year 1, its first year of operation:
Received $40,000 cash from the issue of common stock.
Performed services on account for $82,000.
Paid a $6,000 cash dividend to the stockholders.
Collected $76,000 of the accounts receivable.
Paid $53,000 cash for other operating expenses.
Performed services for $19,000 cash.
Recognized $3,500 of accrued utilities expense at the end of the year.
Required
a. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank.
b. Based on your response to Requirement a, determine the amount of net income reported on the Year 1 income statement.
d. Based on your response to Requirement c, determine the amount of cash flow from operating activities reported on the Year 1 statement of cash flows.
e. What is the before- and after-closing balance in the service revenue account?
f. What is the balance of the retained earnings account that appears on the Year 1 balance sheet?
Answers
Note : please, comment down for any further clarification
Even taxpayers that would not
normally
need to file a tax return, should file
one?
Answers
Even taxpayers that would not normally need to file a tax return, should file one in order to claim a refund of taxes paid.
If suppose a taxpayers income does not exceed a certain amount, then he or she may not be required to file a tax return. However, if a taxpayer paid the taxes during the year, then he or she would thus need in order to file a return in order to claim and receive a required refund.
Here, taxpayers may not need to file a return based upon his or her income, but somehow it might be beneficial in certain situations in order to file it anyway. Thus, although one might not be required to file a tax return, but it might be wise to file one anyway.
Hence, it is important to file a tax return.
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A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
Answers
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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What expectation for ethical behavior and procedures that should be followed?
Answers
Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.
However, there are some common principles and guidelines that can be followed. Here are a few key expectations:
Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.
Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.
Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.
Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.
Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.
Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.
Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.
These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.
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Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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Joe is a regular customer. He's been in 4 times over the past two weeks. Each
time, he's received a wire transfer of $2000. He immediately sends a wire for
$500 and comes back into the store the next day to send 3 more money
transfers of $500 each to 3 different people.
The situation raises the following Red Flags (Select all that apply)
Joe has multiple friends.
Joe's transaction activity is frequent and for larger dollar amounts.
Joe is breaking up the transaction into smaller amounts.
Joe sometimes purchases other items in the store such as toothpaste and medicine.
Joe is breaking up received money into smaller amounts of money and sending to
several people.
Answers
Answer:
Joe's situation raises the following Red Flags:
Joe is breaking up the transaction into smaller amounts.
Explanation:
Joe is following money laundry footsteps. I suspect that he may be involved in some fraudulent practices, no wonder he is making some frantic efforts to launder the wire transfer of $2,000. He had completed sending some of the proceeds to some other persons. Perhaps, he will remit more cash in similar ways.
Answer:
Joe is breaking up the transaction into smaller accounts
Joe's transaction activity is frequent and for larger dollar amounts.
Joe is breaking up received money into smaller amounts of money and sending to several people
Explanation:
Dane Company budgets total overhead cost of $7,200,000. The company allocates overhead cost based on 100,000 budgeted direct labor hours. The single plantwide overhead rate is:
Answers
The single plantwide overhead rate is:$72 per direct labor hour.
Single plantwide overhead rateUsing this formula
Single plantwide overhead rate= Budgeted total overhead cost/Budgeted direct labor hours
Where:
Budgeted total overhead cost=$7,200,000
Budgeted direct labor hours=100,000
Let plug in the formula=$7,200,000/100,000
Single plantwide overhead rate=$72 per direct labor hour
Inconclusion the single plantwide overhead rate is:$72 per direct labor hour.
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Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company’s Marketing Department estimates that demand for the new toy will range between 20,000 units and 30,000 units per month. The new toy will sell for $9.00 per unit. Enough capacity exists in the company’s plant to produce 25,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $5.00 , and incremental fixed expenses associated with the toy would total $32,000 per month.Neptune has also identified an outside supplier who could produce the toy for a price of $4.00 per unit plus a fixed fee of $69,000 per month for any production volume up to 25,000 units. For a production volume between 25,001 and 55,000 units the fixed fee would increase to a total of $138,000 per month.Required:1. Calculate the break-even point in unit sales assuming that Neptune does not hire the outside supplier.2. How much profit with Neptune earn assuming:a. It produces and sells 25,000 units.b. It does not produce any units and instead outsources the production of 25,000 units to the outside supplier and then sells those units to its customers.3. Calculate the break-even point in unit sales assuming that Neptune plans to use all of its production capacity to produce the first 25,000 units that it sells and that it also commits to hiring the outside supplier to produce up to 5,000 additional units.4. Assume that Neptune plans to use all of its production capacity to produce the first 25,000 units that it sells and that it also commits to hiring the outside supplier to produce up to 5,000 additional units.a. What total unit sales would Neptune need to achieve in order to equal the profit earned in requirement 2a?b. What total unit sales would Neptune need to achieve in order to attain a target profit of $70,500 per month?c. How much profit will Neptune earn if it sells 30,000 units per month?d. How much profit will Neptune earn if it sells 30,000 units per month and agrees to pay its marketing manager a bonus of 10 cents for each unit sold above the break-even point from requirement 3?
Answers
1 Breakeven point in unit sale - Without hiring 8000 Units
2a Profit if produces and sells 48000
3b Profit if outsources production and sales 51000
3 Breakeven point in unit sale - hiring 20200 Units
4a Total unit sales 29800 Units
4b Total unit sales to achieve target profit 30300 Units
4c Net operating income 49000
4d Net operating income after commission 47040
5 Net operating income - Complete hiring 52000
How to solve thisRecall:
The breakeven point in unit sales is computed as = Fixed expenses / CM per unit
Net Profit is computed as = Contribution margin - Fixed expenses
The breakeven point is computed as = Units from own production + Units required to buy from an outside supplier to cover all fixed expenses
Solution 1:
Unit selling price
9.00
Less: Unit variable cost
5.00
Contribution margin per unit
4.00
Fixed expenses
32000
Divided by: Contribution margin per unit
4.00
Break-even point in unit sales
8000
Solution 2a:
Units produced and sold
20000
Contribution margin (units*Contribution margin per unit)
80000
Less: Fixed expenses
32000
Net profit
48000
Solution 2b:
Units purchased from outside supplier
20000
*Purchase price
4
Variable Purchase cost from outside supplier
80000
Sales revenue (units* sales price)
180000
Less: Variable Purchase cost
80000
Less: Fixed Fee
49000
Net profit
51000
Solution 3:
Total Fixed expenses (own + Fixed fee)
81000
Less: contribution from own production
80000
Contribution required from outside suppliers
1000
/ Contribution margin per unit from outside supplier ($9-$4)
5.00
Units required to buy from an outside supplier
200
Add: Units from own production
20000
Break-even point in unit sales
20200
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What motivates businesses to produce efficiently and sell effectively?
The chance to start a trend
The hope of making a profit
O The need for recognition
The desire to spend money
O
Answers
The primary motivation for businesses to produce efficiently and sell effectively is the hope of making profit.
What is motivation?Motivation is the driving force behind an individual's behavior or actions, which is influenced by a combination of internal and external factors. It is what pushes individuals towards achieving their goals and aspirations, whether they are personal or professional. Motivation can be categorized into the two types are intrinsic and extrinsic. Intrinsic motivation is driven by internal factors, such as personal growth, enjoyment, and self-fulfillment. Extrinsic motivation, on other hand, is driven by external factors, such as the rewards, recognition, and praise. Motivation is important as it can lead to increased productivity, creativity, and job satisfaction. It can also help individuals overcome obstacles and setbacks in pursuit of their goals.
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Francis wants to buy some paintings for their store to make it feel more classy. Francis would need to take $20,000 out of their savings account (which earns 1% interest a year) in order to finance the paint-ings. At the end of the year, Francis knows they could sell the paintings for $20,000 but they would choose not to. When calculating this year's economic profit, Francis would count this as a:
Answers
Answer:
When calculating this year's economic profit, Francis would count this as a:
cost.
Explanation:
Francis would include the opportunity cost of $20,000, which the paintings could have fetched, as part of the costs. The cost will also include the lost 1% interest or $200 a year. This means that, among other costs, the total cost includes $20,200. This is one distinguishing factor between economic profit and accounting profit. Economic profit includes lost opportunity revenues for alternative uses of the resource as costs unlike accounting profit.
what time will we know who won the election?
Answers
Answer:
So since many people voted by mail, we may not know till friday, they need to gather everyones mail and obviously since its paper its going to take a while but remember to please vite blue!
The use of a debit card is most like:
Answers
1) Giving examples explain Eight (8) types of leadership styles(10mks)
2) Explain the do’s and don’ts of communication(5mks)
3) Explain the how managers can use motivation theories to motivate employees(10mks)
Answers
Answer:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility.
Answer:
Explanation:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility
Which diagram arranges the types of business organizations from the most complicated to start to the least complicated to start?
Answers
Answer:
C. Corporation- partnership - Sole Proprietorship
Explanation:
Corporation- partnership—Sole Proprietorship is the diagram arranges the types of business organizations from the most complicated to start to the least complicated to start. Hence, option C is correct.
What is partnership?Partnership is the deal between the two person or party to start the business, partnership can be legally registered or can also start without the partnership agreement.
In partnership the investment is invested by both the partners that and the profit and loss is divided into equally.
Thus, option C is correct.
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Project task E has the following estimates: (1) optimistic time – 10 days, (2) Pessimistic time - 20 days, and (3) Most likely time – 12 Days. The standard deviation for time using the beta statistical distribution is ________ days.
Answers
Answer:
13 days
Explanation:
Calculation for the standard deviation for time using the beta statistical distribution
Expected time = [10 days + (4 * 12 days) + 20 days) / 6]
Expected time = [10 days + 48 days + 20 days) / 6]
Expected time=78 days/6
Expected time=13 days
Therefore the standard deviation for time using the beta statistical distribution is 13 days.
the graph at right shows the situation after the u.s. removes a tariff on imports of canned tuna.
A. C.
B. A+B+C+D.
C. A.
D. B+C+D.
Which area shows the loss in producer surplus?
A. B+C+D.
B. A+B.
C. A.
D. A+B+C+D.
Which area shows the loss in government tariff revenue?
A. A.
B. C.
C. A+B+C+D.
D. B+C+D.
Which areas show the reduction in deadweight loss?
A. B+C+D.
Answers
The graph that shows the situation when the U.S. removes a tariff on imports of canned tuna shows that the gain in consumer surplus is B. A+B+C+D.
The area which shows the loss of producer surplus is C. A.
The area which shows the loss in government tariff revenue is B. C.
The area showing a reduction in deadweight loss is B+D.
What happens when a tariffs are lifted ?When a tariff is lifted, the price of the good or service usually decreases, which increases consumer surplus. Consumers are able to purchase the same goods and services for a lower price, which results in a larger consumer surplus.
The price of the good or service usually decreases, which decreases producer surplus. Producers receive a lower price for the same goods and services, which results in a smaller producer surplus.
The government no longer receives revenue from that tax. Therefore, government revenue decreases when a tariff is lifted. The market becomes more efficient as the price of the good or service decreases, this leads to a decrease in deadweight loss.
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answers
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,000 salary working full time for Angels Corporation. Angels Corporation reported $400,000 of taxable business income for the year (2022). Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $180,000 (all salary from Angels Corporation). Mason claims $50,000 in itemized deductions. Answer the following questions for Mason.
b. Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.
Assume the same facts as question (b), except that Angels Corporation reported $150,000 of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.
Answers
Mason is from a specified service trade or business, his deduction for qualified business income would be $40,000 when Angels Corporation reported $400,000 of taxable business income.
b. Since Mason is a 50 percent shareholder in Angels Corporation, he is eligible for a deduction for qualified business income (QBI) based on his share of the corporation's income. In this case, assuming the business income allocated to Mason is income from a specified service trade or business, his QBI deduction would be 20 percent of the allocated business income.
Given that Angels Corporation reported $400,000 of taxable business income for the year, Mason's share of that income would be $200,000 (50 percent of $400,000). Therefore, his deduction for qualified business income would be $40,000 (20 percent of $200,000).
Assuming the same facts as in question (b), but with Angels Corporation reporting $150,000 of taxable business income for the year, Mason's share of that income would be $75,000 (50 percent of $150,000). Thus, his deduction for qualified business income would be $15,000 (20 percent of $75,000).
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ADUWERE is fast growing profitable company. The company is situated in Iringa, Tanzania. Its sales are expected to grow about three times from TZS 360 million in 2022-2023 to TZS 1,100 million in 2024-2025. The company is considering of commissioning a 35 km pipeline between two areas to carry gas to TANESCO. The project will cost TZS 250 million. The pipeline will have a capacity of 2.5 MMSCM. The company will enter into a contract with TANESCO to supply gas. The revenue from the sale to TANESCO is expected to be TZS 120 million per annum. The pipeline will also be used for transportation of LNG to other users in the area. This is expected to bring additional revenue of TZS 80 million per annum. The company management considers the useful life of the pipeline to be 20 years. The financial manager estimates cash profit to sales ratio of 20% per annum for the first 12 years of the project’s operations and 17% per annum for the remaining life of the project. The project has no salvage value. The project being in a backward area is exempt from paying any taxes. The company requires a rate of return of 15% from the project. Required: 1. What is the project’s payback and return on investment (ROI) 2. Compute project’s NPV and IRR Should the project be accepted? Why?
Answers
1. Therefore, the ROI for the project is:ROI = (TZS 1,660 million / TZS 250 million) x 100% = 664%The ROI of the project is 664%.
2. The project should be accepted as the NPV is positive and the IRR is higher than the required rate of return of 15%.
1. Payback period is defined as the duration within which the initial investment made in the project is recovered by the cash inflows that it generates. It is an important capital budgeting tool for measuring the length of time a project will take to recoup the initial investment. Payback period = Initial investment ÷ Net annual cash inflows
The initial investment made by ADUWERE is TZS 250 million.
The net annual cash inflows are calculated as:
Net annual cash inflow = Revenue from TANESCO + Additional revenue from LNG – Operating costs – Maintenance costs
Revenue from TANESCO = TZS 120 million.
Additional revenue from LNG = TZS 80 million
Operating costs = 0.20 * TZS 360 million = TZS 72 million
Maintenance costs = (250/2000)*TZS 360 million = TZS 45 million
Net annual cash inflow = TZS 83 million.
Therefore, the payback period of the project is:Payback period = TZS 250 million ÷ TZS 83 million = 3.01 years. The project has a payback period of 3.01 years. This means that the initial investment made by ADUWERE in the project will be recovered within 3.01 years. Since the useful life of the pipeline is 20 years, this indicates that the project is acceptable.
ROI = (Total net cash inflow / Initial investment) x 100%The total net cash inflow for the project is calculated as:
Total net cash inflow = Net annual cash inflow x Useful life
Total net cash inflow = TZS 83 million x 20 = TZS 1,660 million
Therefore, the ROI for the project is:ROI = (TZS 1,660 million / TZS 250 million) x 100% = 664%.
The ROI of the project is 664%. This indicates that the project is acceptable as the ROI is higher than the required rate of return of 15%.2. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV = ∑ (Cash inflows / (1 + r)t) – Initial investment
Where,r = Required rate of returnt = Time periodThe NPV of the project is:NPV = (TZS 83 million / (1 + 0.15)1) + (TZS 83 million / (1 + 0.15)2) + … + (TZS 83 million / (1 + 0.15)20) – TZS 250 millionNPV = TZS 505.6 millionIRR or Internal Rate of Return is defined as the rate at which the net present value of the cash inflows is equal to the net present value of cash outflows.
In other words, it is the discount rate that equates the present value of cash inflows with the present value of cash outflows. The IRR of the project can be determined by trial and error method or by using Excel’s IRR function.Using Excel’s IRR function, we get IRR = 47.95%The project should be accepted as the NPV is positive and the IRR is higher than the required rate of return of 15%.
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Question 2
During a problem disaggregation process, you find each element
represented in the tree is completely unique. This means that each
element is:
A: collectively exhaustive
B: not collectively exhaustive
C: mutually exclusive
D: not mutually exclusive
Answers
If each element represented in the tree is completely unique, it means that each element is not collectively exhaustive and not mutually exclusive. Option B & D.
Collectively Exhaustive: This term refers to a situation where all possible options or elements within a category or set are included. In other words, if a set of elements is collectively exhaustive, it means that all possible variations or options have been accounted for and represented.
However, if each element in the problem disaggregation process is completely unique, it suggests that there may be other elements or options that are not included, indicating that the elements are not collectively exhaustive.
Mutually Exclusive: This term refers to a situation where two or more options or elements cannot coexist or occur simultaneously. If elements are mutually exclusive, it means that they are distinct and cannot overlap or be present together.
However, if each element in the problem disaggregation process is completely unique, it suggests that there are no overlapping or shared characteristics between the elements, indicating that they are not mutually exclusive.
Therefore, based on the information provided, the correct answer would be (B) not collectively exhaustive and not mutually exclusive. Each element in the tree is unique and does not represent all possible options, and there is no overlap or shared characteristics between the elements. Option B & D is correct.
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Suppose a student-athlete has the opportunity to earn $600,000 next year playing for a minor league baseball team, $100,000 next year playing for a European professional football team, or $0 returning to college for another year.
The opportunity cost of the student-athlete returning to college next year is $
I entered $100,000 and got it wrong.
Answers
Answer:
it's 0
Explanation:
hes returning to college and making zero money
Compare and contrast the three categories of project resource.
Answers
Answer:
Brainiiest Please!
Work resources − People and equipment to complete the tasks.
Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.
Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.
Explanation:
People and equipment to complete the tasks.
Financial cost associated with a task. Travel expenses, food expenses, etc.
Consumables used as project proceeds. For example, paint being used while painting a wall.
20 POINTS!
I need help with putting my two weeks in….
Need to sound professional!
I am currently an intern at a construction office job. I want to say that I have decided to go to esthetician school but appreciate being able to work here as a intern and learn a lot of things these last 6 months.
Thank you!!
Answers
Do you think the psychologist/consultant is involved in any unethical or illegal behaviors? If you cannot decide, what additional information would you like to know in order to assess the situation? If you were the psychologist and found out what the company did to the video, what would you do?
Answers
Answer:
ok look what i think is all people have something that they need to do but if it has to be under the table then yea but what video are you talking about
Explanation:
Yield premiums on bonds backed by pools of consumer debt have edged consistently higher this year, reflecting perceptions of rising risk. Junior bonds made of bundles of subprime car loans, for example, now offer investors ______ percentage points’ extra yield over comparable Treasury notes, up from 2.41 percentage points at the start of the year, according to JPMorganLinks to an external site. data. Pricing for other kinds of consumer-debt investments shows a similar trend.
Answers
Investors in junior bonds made of bundles of subprime car loans are now demanding 4 percentage points of extra yield over comparable Treasury notes. This is up from 2.41 percentage points at the start of the year, according to JPMorgan data.
How to explain the informationThis is a reflection of rising risk perceptions in the market. Investors are concerned that the rising cost of living and the possibility of a recession could lead to more defaults on consumer loans.
Pricing for other kinds of consumer-debt investments shows a similar trend. For example, the yield premium on bonds backed by credit card debt has risen to 2.95 percentage points from 2.21 percentage points at the start of the year.
The rising yield premiums on consumer debt bonds reflect the fact that investors are demanding a higher risk premium for these investments. This is a sign that investors are becoming more cautious about the risks associated with consumer debt.
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You work for an electronics store that is preparing for a special event to
celebrate the launch of a new game system. You will have demonstration
models set up for shoppers to try out games on the system. How can your
store use social media to prepare for this event?
A. By scheduling enough employees to work on the event day
B. By posting messages about the chance to try the new system
C. By getting permits required by the city or other local government
D. By posting messages about when employees need to be at work
Answers
Answer:
It’s B. For Apex - By posting messages about the chance to try the new system
Explanation Answered on apex
For stores, the use of social media for doing the necessary preparations for an event is by posting messages about the chance to try the new system. Hence, Option B is correct.
What is social media?On the internet, a platform is available which is called social media. This is the media, which is in electronic form, where people come together to share thoughts about a particular topic.
In the case of electronic stores which are preparing for a special event so that they can celebrate the launch of a new game system, they can make use of social media by utilising it as a platform for doing the necessary preparation.
They can do this by posting messages on social media about the chance opportunity for those who want to try out this new system. They can put up a video with him demonstrating the model so that it can attract shoppers for that system.
Therefore, Option B is correct.
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1. Juan earns $48,000 annually. He is paid twice a month. How much does he receive in gross pay in each check?
(Formula Salary/ times in a year he is paid)
O $1000
O $2000
O $500
O $3000
Answers
The ______ ______ system assigns a score to each tax return representing the probability the tax liabilities on the return have been underreported.
Answers
The discriminate function system assigns a score to each tax return representing the probability the tax liabilities on the return have been underreported.
Based on the IRS's prior experience with similar returns, the Discriminant Function System (DIF) score assigns a potential for change rating. Tax authorities employ the discriminate function system, a statistical technique, to find tax returns that are more likely to have unreported tax liabilities. Each tax return is given a score by the system based on specific financial and demographic factors, and higher-scoring returns are thought to be more likely to have unreported tax liabilities.
In order to make sure that the correct amount of taxes have been declared and paid, the tax authority then concentrates its auditing efforts on these returns. Tax authorities can quickly and cost-effectively determine which tax returns are most likely to have unreported tax liabilities by using the discriminate function approach.
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