U-RIDE, Inc. currently produces the electric engines that are used in golf carts made and sold by the Company. Electco has offered to sell the electric engines to U-RIDE at a price of $235 each.

Current production information follows:
Unit-level material and labor $200
Facility-level depreciation of manufacturing equip. $5,500 /month
Product-level engine production supervisor's salary $2,500 /month
Annual facility-level utilities $17,500

U-RIDE is currently operating profitably producing and selling 2,000 engines a year using 90% of its manufacturing capacity. Which of the following is true?

a. U-RIDE should make the engines for cost savings of $25 per unit.
b. Buying the units would increase U-RIDE's cost by $13 per unit.
c. U-RIDE has avoidable costs of greater than $200 per unit and should therefore buy the engines.
d. Buying the units would increase profitability by $38 per unit.

Buying the engines will free up manufacturing capacity that could be used to make a new economy line golf cart that would produce an additional $65,000 profit per year. U-RIDE is currently operating profitably producing and selling 2,500 engines annually. Based on this information, which of the following is true?

a. The $36,000 is not relevant because it is an estimate.
b. Buying the units would increase U-RIDE's cost by $13 per unit.
c. U-RIDE has avoidable costs of less than $200 per unit and should therefore buy engines.
d. The cost of buying the engines is $5 per unit less than the relevant cost of making the units.

Answers

Answer 1
The first one will be c and the second one will be b
Answer 2

U-RIDE has avoidable costs of greater than $200 per unit and should therefore buy the engines if the following is true. The cost of buying the engines is $5 per unit less than the relevant cost of making the units is true. Thus, option 1. (c) and 2. (d) are correct.

Cost of labor: $200

$5,500 a year is the cost of manufacturing equipment.

Purchasing industrial equipment costs $458.33 a month.

Engine at the product level costs $2,500 per year.

Engine at the product level costs $208.33 per month.

Monthly utilities at the facility level equal $17,500 annually.

Monthly facility utilities equal $1,458.33 annually.

Costs for a month are $200, $458.33, $208.33, and $1,458.33.

Total cost each month is $2,325

Total cost = $2,325 × 2,000 engines x 12 months

Cost in total is $55,800,000

$55,800,000 / 2,000 equals the price per unit.

Each unit costs $27,900.

Elect co = $235 times 2,500, or $587,500

Electco equals $587,500 minus $65,000, or $522,500.

2,500 engines at $27,900 per each make a total of 69,750,000 engines.

Therefore, option 1. (c) and 2. (d) are correct.

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Related Questions

unlike starbucks' founder howard schultz, its chief operation officer roz brewer's management style focused on .

Answers

I don't know how Starbucks Chief Operating Officer Roz Brewer's management style differs from that of the company's founder Howard Schultz. I only have training data up to 2021, and I don't know anything about Brewer's management style.

What do you mean by chief?

Depending on the situation, the word "chief" can refer to a variety of things. Here are a few examples of how the word is frequently used:

an organization's or group's leader or chief. The highest-ranking individual in a firm, for instance, can be the "Chief Executive Officer" (CEO).

in various police and military organisations, a title or rank. As an illustration, the military rank above a Warrant Officer is "Chief Warrant Officer."

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it’s busy at the bakery counter and a loyal customer/member stops you to chat as he’s talking you notice another customer/member nearby who needs help.

Answers

Working in a bakery, a place that is always busy means having to multitask frequently. It's typical for a regular customer to stop by and ask how things are going or how the day is going. While they might mean well, it's vital to be alert and conscious of any other customers who may require assistance.

If you are working the bakery counter and one of your regulars, who is also a loyal customer/member, stops you for a chat, it's your duty to be courteous and give them a listening ear. You don't want to come across as rude or dismissive of them, especially if they are a regular customer. You must, however, also be attentive to your surroundings and the needs of other customers.

During a conversation, you must keep an eye on the other customers who are waiting in line or who may have a question. Take the time to listen to your customer, but remain aware of your surroundings. Maintain eye contact with the customer who is talking to you while also keeping an eye on the other customers in line.

If you notice that the other customer needs assistance, such as if they are raising their hand, looking around, or seeming agitated, you should politely interrupt the conversation and assist them. You can tell the customer that you are eager to help them but that you need to address the needs of the other customer first. They will understand and appreciate the honesty and effort.

In conclusion, it's critical to maintain a balance between showing concern for regular customers and being attentive to the needs of other customers. Being courteous and attentive to your customers is critical in the bakery business, as it can make or break your reputation and business.

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All of the following options are different factors that affect how much of an item you purchase EXCEPT...
A.How long it stays fresh
B.How often you eat that item
C.How many people are eating
D.How hungry you are while you are shopping

Answers

the answer is D how hungry you are while shopping.

What are the values of entrepreneurship

Answers

Answer: what r value of entrepreneurship

Explanation:      Bravery. In recognizing and pursuing and opportunity, an entrepreneur requires bravery. ...

Vision. Vision guides the entrepreneur through the business planning process, clarifying the opportunity and setting goals for the organization. ...

Respect for self and others. ...

Trust. ...

Honesty. ...

Generosity. ...

Fortitude.      if thats what u mean by this question

1. Which class of medications does the Centers for Medicare and Medicaid Services limit the PRN use to 14 days?
Anticholinergics
Antipsychotic medications
Antiarrhythmics
Beta-blockers

Answers

The Centers for Medicare and Medicaid Services limit PRN use to 14 days for Antipsychotic medications.

PRN prescription and administration are generally used for psychotropic and psycholeptics medications, including antipsychotics, neuroleptics, anxiolytics, sedatives, and hypnotics.

PRN antipsychotic orders are restrained to 14 days simplest. PRN antipsychotic orders might not be extended past the 14-day restriction. documents the scientific purpose for the brand new order, which ought to consist of how the resident benefits from the medication as a result of the PRN order.

The PRN prescription stands for 'pro re nata,' which means that the management of medication is not scheduled. as a substitute, the prescription is taken as wished.

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Demand-oriented approaches weigh factors that underlie expected __________ more heavily than such factors as cost, profit, and competition when selecting a price level.a. total revenueb. stakeholder concernsc. prevailing pricesd. product substitutese. customer tastes

Answers

Demand-oriented approaches weigh factors that underlie expected customer tastes more heavily than such factors as cost, profit, and competition when selecting a price level.

This means that when using a demand-oriented approach, the primary focus is on what customers want and are willing to pay for a product.

The approach takes into account customer preferences and tastes and seeks to set prices that align with those preferences. Other factors that may be considered in selecting a price level include prevailing prices and product substitutes.

However, these factors are secondary to customer tastes when using a demand-oriented approach. Stakeholder concerns may also be taken into account in pricing decisions, but once again, the primary focus is on customer preferences.

Total revenue is a concept that is closely related to pricing decisions. Demand-oriented approaches aim to set prices that will maximize total revenue.

This means that prices are set at a level that will attract customers while still generating a profit for the business. In summary, demand-oriented approaches to pricing weigh customer tastes more heavily than other factors when selecting a price level.

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What is the trial balance used?

a. It is a financial statment.

b. It doesn't contribute to the accounting cycle.

c. It records balance of a balance sheet.

d. It records balance of accounts.

Answers

Answer:

c

Explanation:

C.) It records balance of a balance sheet.

2. You are the human resources manager for a famous retailer and are trying to convince the president of the company to change the structure of employee compensation. Currently, the company’s retail sales staff is paid a flat hourly wage of $20 per hour for each eight-hour shift worked. You propose a new pay structure whereby each sales- person in a store would be compensated $10 per hour, plus 1 percent of that store’s daily profits. Assume that, when run efficiently, each store’s maximum daily profits are $25,000. Outline the arguments that support your proposed pla

Answers

The goal of any reasonable firm is to optimize its earnings. Providing incentives to the workers is one of the management methods to induce maximum effort from them in order to achieve the objective of the firm.In the present structure of employee settlement where the retail personnel is paid a fixed wage of $20 per hour, there's no reward for the retail sales staff to push more difficult for the sales and increase the profits. There is no penalty on them in case the sales go down and the profits are negatively affected.In the proposed worker compensation structure where each of the retail personnel is paid 1 percent of the shop's daily revenues over and above a fixed wage of $10 per hour, the staff is motivated to work harder to increase the sales and the profits of the firm. Each of the retail staff members then will be motivated by self-interest and devise methods to increase their productivity so that they can maximize their everyday compensation. Hence, by taking care of their self-interest, they will indirectly help in attaining the company's objective of maximizing its daily earnings to $25,000 per shop.

The HR manager works as the management of the company and the employee relationship. The idea of sharing the profit adds the employee's encouragement, and the daily sales and profit will increase.

What is the role of the HR manager in sales?

The sales and the profit to the company add to the growth of the employees and the HR manager as well.

To increase the interest and the attentiveness of the employees towards the profit, the proposed plan of share of profit will be beneficial.

The employees will push themselves to increase the profit to the company, and thereby the daily wage to themselves. Thus, the proposed plan can be supported to be beneficial to the company's profit as well.

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Develop a research instrument can be used to asset costumer buying behavior for any product of your own choice business

Answers

Focus groups, interviews, and other qualitative research techniques can reveal your customers' underlying motivations and causes. The data used in the desk research already exist.

There are four distinct forms of consumer behavior: complex purchases, reduced dissonance, diversity and habitual purchases.

Customer behavior analysis including both quantitative and qualitative data points. Statistical data collected from respondents and open-ended thoughts about purchasing behavior should rely heavily on surveys to analyze consumer attitudes and behavior.

Consumer research is especially important when a company decides to launch a new product. Businesses conduct market research to learn more about consumers, their needs, and satisfaction.

Perhaps the most popular method of consumer research is surveys, and for good reason. Surveys don't always provide the same insights as interviews, but they're much easier to design and can encourage customer participation.

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a. Các khoản tiền phát sinh ở cuối mỗi năm là 680 triệu đồng trong thời kỳ 8 năm với lãi suất 6%/năm, ghép lãi 6 tháng/1lần, tại thời điểm cuối năm thứ 8.

Answers

Explanation:

English plz I don't understand

"Put the five project management process groupsin order from the one that generally requires theleast work to the one that requires the most."

Answers

Businesses selling products credit debit

Explain how marketing information is used in sports and entertainment marketing

Answers

The use of sporting and sports-related events to advertise a company, brand, or product is known as sports marketing. Using this strategy, marketers can use sports' appeal and popularity to draw attention to their company or product. The marketing and promotion of live sporting events is also included in the category of sports and entertainment marketing.

How is marketing used in the entertainment industry?

Popular entertainment marketing techniques include product placement, strategic brand alliances, and celebrity endorsements. These strategies are used in pop cultural events and aid in their spread in our society.

Marketing that focuses on both the promotion of sports, events, games, music, and films as well as the advertising of other products and services through sport and entertainment is known as "sport & entertainment marketing." You will be actively working on actual business cases that have been given to you by the sector.

We'll talk about entertainment marketing in two different approaches. First, entertainment will be considered a product that needs to be sold. Second, the role of entertainment in marketing to draw attention to other products will be addressed.

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Personal and business finances should be kept separate.
True
False

Answers

Answer:

(True) It is accurate that personal and business finances should be kept separate.

Explanation:

Though there are various advantages to keeping your personal and company finances separate, tax and personal security issues are two of the most essential. Keeping track of company spending for tax purposes is significantly easier when you have a separate business account and separating your business and personal funds might be a burden, but it can also assist safeguard your assets in the event of legal action.

When the Federal Reserve announces that it is increasing the federal funds rate, we would expect to see banks do which of the following?

A. Increase the amount of loans they make since interest rates are higher

B. Reduce their loans because they have fewer reserves due to the Fed's open market sales

C. Reduce interest rates for depositors.

D. Complain about the situation

Answers

Answer:

C.

Explanation:

I think Reduce interest rates for depositors.

how do I calculate the gain on disposal of these assets

Answers

To calculate the gain on disposal of assets, you need to use the following formula:

Gain on disposal = Proceeds from disposal - Carrying amount of the asset (i.e. Cost of the asset - Accumulated depreciation)When an asset is sold, the company receives cash which is known as the proceeds from disposal.

The carrying amount of the asset represents the historical cost of the asset less accumulated depreciation on the asset over its useful life.

Suppose a company sells a machine for $20,000. The original cost of the machine was $30,000, and its accumulated depreciation is $10,000. Then, the gain on disposal of the machine will be:Gain on disposal = $20,000 - ($30,000 - $10,000) = $20,000 - $20,000 = $0

Therefore, in this case, there is no gain or loss on the disposal of the machine.

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A business needs production workers who have strong math skills. They will
be performing many measurement tasks. Which of the following activities
would most likely be part of the company's selection function?
A. The measurement process is automated.
B. Applicants are given a math test.
C. Applicants are taught how to use measurement tools.
D. The company ensures it is paying employees a fair wage.

Answers

B. Applicants are given a math test would most likely be part of the company's selection function as the business needs production workers who have strong math skills. By giving a math test, the company can assess the applicants' math abilities and select those who meet the required standard for the job. Option A is not relevant to the selection process as it does not assess the applicants' math skills. Option C is training, which occurs after selection, not part of the selection process. Option D is related to compensation and not selection.

Question 2.
Sooraj works as a salesman in a company selling pet accessories and food. He has been given a target of selling 1200 units of the food packets in a month by offering a maximum of 10% discount to his customers. In order to meet his monthly sales target, on the last two days of the month, he offers 15% discount to his customers.
In the context of the above case, is Sooraj effective in his work? Explain by giving a suitable reason in support of your answer.

Answers

Sooraj is effective in his work. This is because Sooraj was able to sell 1200 units of food packets in a month. Although he provided a 10% discount on the food packets, he was still able to meet his monthly sales target.

In addition, Sooraj offered a 15% discount on the last two days of the month to increase his sales target. It can be seen that the customers were attracted to the discount offer and Sooraj was successful in selling more units.

So, he is effective in his work because he was able to sell 1200 units of food packets in a month by offering a maximum of 10% discount to his customers and providing 15% discount to his customers on the last two days of the month.

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Please answer and give a brief explanation

What you think you can learn from the course acc 122 to help you in your daily life?

Answers

Answer:

This course covers the accounting process: the observation, measurement, and reporting of economic activity in order to develop information useful for decision

Explanation:

Prerequisite(s): Satisfactory reading and writing placement test scores or ENG 097.

Pre/Corequisite(s): ENG 101 and satisfactory numerical placement test scores or MATH 109.

Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?​

Answers

To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.

First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.

Gross oil profit for Shop B = 28.4% of $275.00

                                = (28.4/100) * $275.00

                                = $78.10

Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.

Amount of oil used for each oil change = $275.00 / $21.25 per gallon

                                                     = 12.94 gallons (rounded to two decimal places)

Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.

Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used

                                       = $78.10 / 12.94 gallons

                                       ≈ $6.03 per gallon

Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.

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The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 per person. If one family member has doctor and prescription medication expenses of $2,200, what amount would the insurance company pay?

Answers

30 because I don’t know what if I got it back in there at least you know

The insurance company pay will pay $960 to the Tucker family as health insurance.

The Tuckers' health insurance has a $1,000 deductible per person. This implies that the family member with $2,200 in doctor and prescription drug expenses must pay the first $1,000 before the insurance company will begin paying.

To begin, subtract the deductible from the total expenses to get the amount subject to coinsurance. This gives us 2200 - 1000 = 1200.

The amount subject to coinsurance is then multiplied by the coinsurance percentage to calculate the amount that the insurance company will pay. This results in 1200 * 0.8 = 960.

The insurance company would pay $960 for the Tucker family member's doctor visits and prescription drugs. The remaining $240 in expenditures would be borne by a family member.

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What can McDonald’s do to win customers over?

Answers

Fix the ice cream machine

Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00

Answers

it’s fail and repeat the grade

What should you do if the recycler rejects a bill? (select all that apply)


You can reinsert any rejected bill up to three times by selecting the Restart button.

Enter the POS cash amount from the Action 3 code slip and reinsert any rejected bill.

Set aside the rejected bills and dp them into the vault.

Place the rejected cash in the register bag and leave the rejected coins in the till drawers.

Answers

Answer:

Enter the POS cash amount from the Action 3 code slip and reinsert any rejected bill.

Set aside the rejected bills and deposit them into the vault.

If a bill is rejected by the recycler, it is critical to follow the relevant processes to guarantee appropriate management of the rejected bill and accurate records of the cash transaction.

Set the rejected banknotes aside and deposit them in the vault. It is not advised to reinsert the bill or leave it in the register bag or till drawer as this may result in inconsistencies in cash management and audits. Furthermore, the recycler may have rejected the bill owing to a fault or problem, rendering it worthless, thus it is essential to address it independently.

Final answer:

In a business context, rejected bills can be reinserted into the recycler, the Action 3 code slip can be entered into the POS for another try, or if continuously rejected, they should be set aside and put in a vault or register bag. Rejected coins can be left in the till drawers.

Explanation:

Handling rejected bills from a recycler in a business environment can be approached in a variety of ways. Firstly, you can attempt to reinsert the bill into the recycler up to three times by selecting the Restart button to see if it accepts it upon further tries. Secondly, if the bill continues to be rejected, you can enter the POS cash amount from the Action 3 code slip and try to reinsert the rejected bill. Lastly, if none of the above options work, you can set aside these rejected bills, then place them into a secure location like a vault or in the register bag. Please note that rejected coins can be left within the till drawers.

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12.) A hypothetical condition would be employed in an assignment to

Answers

Answer:

n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.

Explanation:

Ramirez Corp. Balance Sheet December 31, 2018
Assets
Equities
Cash
$ 300,000
Accounts payable
$ 630,000
Accounts receivable (net)
1,950,000
Income taxes payable
189,000
Inventories
2,439,000
Miscellaneous accrued payables
225,000
Bonds payable (8%, due 2020)
1,875,000
Plant and equipment,
net of depreciation
1,983,000
Patents
261,000
Preferred stock ($100 par, 6%
cumulative nonparticipating)
750,000
Other intangible assets
75,000
Common stock (no par, 60,000
shares authorized, issued and
outstanding)
1,125,000
Total Assets
7,008,000
Retained Earnings
2,439,000
Treasury stockâ1,500 shares of
preferred
(225,000)
Total Equities
7,008,000
Ramirez Corp. Income Statement
Year Ended December 31, 2018
Net sales
$ 9,000,000
Cost of goods sold
6,000,000
Gross profit
3,000,000
Operating expenses (including bond interest expense)
1,500,000
Income before income taxes
1,500,000
Income tax
450,000
Net income
S 1,050,000
Additional information:
There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2018, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2018. Assume that preferred dividends for the current year have not been declared.
At December 31, 2018, the current ratio was
a. 2,250 / 630.
b. 6,675 / 819.
c. 4,689 / 819.
d. 4,689 / 1,044
The number of times interest was earned during 2018 was
a. 1,50 / 150.
b. 1,500 / 150.
c. 1,650 / 150.
d. 1,350 / 150.
At December 31, 2018, the book value per share of common stock was
a. $55.66.
b. $58.16.
c. $59.40.
d. $58.65.
The rate of return for 2018 based on the year-end common stockholders' equity was
a. 1,050 / 3,519.
b. 1,050 / 3,564.
c. 1,005 / 3,519.
d. 1,005 / 3,564.

Answers

Answer:

1. At December 31, 2018, the current ratio was  

d. 4,689 / 1,044

2. The number of times interest was earned during 2018 was

c. 1,650 / 150.

3. At December 31, 2018, the book value per share of common stock was

c. $59.40.

4. The rate of return for 2018 based on the year-end common stockholders' equity was

d. 1,005 / 3,564.

Explanation:

a) Data and Calculations:

Ramirez Corp. Balance Sheet December 31, 2018

Assets                                                      Equities

Cash                                   $ 300,000     Accounts payable            $ 630,000

Accounts receivable (net)  1,950,000     Income taxes payable          189,000

Inventories                         2,439,000     Misc. accrued payables      225,000

Current assets               $4,689,000     Current liabilities           $1,044,000

                                                               Bonds payable

Plant and equipment,                               (8%, due 2020)               1,875,000

 net of depreciation          1,983,000    Preferred stock ($100 par, 6%

Patents                                 261,000   cumulative nonparticipating)  750,000

Other intangible assets        75,000      Common stock (no par, 60,000

                                                                shares authorized, issued and

                                                                outstanding)                    1,125,000

Total Assets   7,008,000                        Retained Earnings          2,439,000

                                                              Treasury stock 1,500 shares of

                                                               preferred                         (225,000)

                                                               Total Equities                 7,008,000

Ramirez Corp. Income Statement

Year Ended December 31, 2018

Net sales                      $ 9,000,000

Cost of goods sold         6,000,000

Gross profit                     3,000,000

Operating expenses (including

bond interest expense) 1,500,000

Income before

 income taxes                1,500,000

Income tax                        450,000

Net income                 $ 1,050,000

Current ratio = Current assets/Current liabilities

= 4,689 / 1,044

Times interest earned = EBIT/Interest Expense

= $1,500,000 + 150,000/$150,000

=  1,650 / 150.

Book value per share =

Book value = Total assets - liabilities + preferred stock

= $7,008,000 - $3,444,000

= $3,564,000/60,000

= $59.40

Net income after cumulative preferred dividend

Net income =      $1,050,000

Cumulative dividend 45,000 ($750,000 * 6%)

Income for common

stockholders     $1,005,000

Common equity = $3,564,000

Rate of Return on common equity = $1,005,000/$3,564,000

= 0.28

Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.

Answers

You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.

Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).

Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.

Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.

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What are the 3 types of risk takers in entrepreneurship?

Answers

From the start of their entrepreneurial journey, until their concept becomes a successful enterprise, entrepreneurs confront a variety of dangers. The many categories of entrepreneurial risks are as follows:

Monetary risk

Every business venture needs money to turn an idea into reality. Therefore, finding funding is a key risk for entrepreneurs. This might take the form of loans, capital arranged with the aid of friends and family, or an entrepreneur's own savings.

Security Risk

Another risk associated with entrepreneurship that has to do with formulating the appropriate strategies is this one. Every business needs a nearly perfect business plan.

Technology Risk

Entrepreneurs must adopt new technologies and upgrade often. By simplifying complex processes, disruptive technologies may completely alter the playing field for entrepreneurs. A Significant Entrepreneurial Risk Can Affect Those Who Refuse To Modify The Conventional Ways Of Working And Don't Invest In New Technologies.

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Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.

Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.

Answers

The percentage of assets that were provided by investors, creditors, and earnings is $84,800.

What is investors?

An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.

A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.

Calculation-

Balance sheet

assets = liability + stockholder's earning,

Cash+land = notable payable+common stock+retained earning

$29800+$55000=$28000+$54000+$2800.

$84800=$84800

Income statement

Revenue-expenses =net income

$50000-$46000=$4000

Thus, it is $84,800.

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The working note and solution is attached-

Maben Company was started on January 1, Year 1, and experienced the following events during its first

Mr Munzara is a currency arbitrager for BE Forward, Tokohama. The spot rate this morning is ¥111.22/$ and early indications are that short term interest rates in the USA, 90 – day rates, are about to rise from their current level of 3.125%. The central bank of USA, the Fed, is worried about rising inflation and has been publicly considering raising interest rates 25 basis points (0.25%). The 90 – day forward rate to Munzara by local Japanese banks are roughly the same at ¥111.14/$. The current 90 – day yen euro-deposit rate of interest is 2.156%. Mr Munzara has ¥800 million at his disposal.

(a) How can Munzara make a profit through covered interest arbitrage?


(b) How much in yen can he hope to make in profit in 90 days?


(c) If future spot exchange rates were determined by interest rate differentials alone (that is, if the forward rate was a very good forecast of future spot exchange rates), what would Munzara expect the spot rate to be in 90 days if the USA Federal Reserve Bank does the expected?


(d) If Munzara’s expectation of the future spot rate is that of part (c), what profit could he expect to make from uncovered interest arbitrage?

Answers

(a) Munzara can make a profit through covered interest arbitrage by following these steps:

1. Borrowing in yen: Munzara borrows ¥800 million from a Japanese bank at the current interest rate of 2.156% for 90 days.
2. Converting yen to dollars: Munzara converts the borrowed yen to dollars at the spot exchange rate of ¥111.22/$, which gives him approximately $7,188,893.23.
3. Investing in the US: Munzara invests the dollars in a US bank or financial instrument that offers an interest rate higher than the yen interest rate.
4. Converting back to yen: After 90 days, Munzara converts the matured investment and interest earnings back to yen at the 90-day forward rate of ¥111.14/$.
5. Repaying the yen loan: Finally, Munzara repays the yen loan, including interest, to the Japanese bank.

The difference between the amount received in step 4 and the amount repaid in step 5 represents the profit from covered interest arbitrage.

(b) To calculate the profit in yen, we need to consider the interest earned on the dollar investment. Assuming Munzara finds a US investment offering a 90-day interest rate higher than 2.156%, we can estimate the profit after 90 days by subtracting the yen loan repayment from the dollar investment and interest converted back to yen at the 90-day forward rate.

(c) If future spot exchange rates were determined solely by interest rate differentials, and assuming the forward rate is an accurate predictor, Munzara would expect the spot rate in 90 days to be ¥111.14/$. This expectation is based on the assumption that the interest rate differential between the US and Japan would be reflected in the forward rate.

(d) If Munzara's expectation of the future spot rate is ¥111.14/$, and he engages in uncovered interest arbitrage, it means he speculates on the future spot rate without covering his position. If the actual spot rate in 90 days turns out to be ¥111.14/$, there would be no profit or loss from uncovered interest arbitrage, as his speculation aligns with the spot rate.

Use the Distributive Property to multiply 9 and 37 in your head.

Represent 9 × 37 by writing 37 in expanded form.

9 × (30 + 7)
9 × 3 × 7
9 × (30 × 7)
9 + (30 + 7)

Answers

By applying the distributive property of multiplication,  9 × 37 is represented by: A. 9 × (30 + 7)

What is the distribution property of multiplication?

The distributive property of multiplication states that when the sum of two or more addends are multiplied by a particular numerical value, the same output would be produced as when each addend is multiplied respectively by the same numerical value, and the products are added together.

Mathematically, the distributive property of multiplication is given by this expression:

a(b + c) = ab + ac.

By applying the distributive property of multiplication to 9 and 37, we have:

9 × (30 + 7) = 9(30) + 9(7)

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