The true cost of manufacturing overhead is $21700.
data provided
Cost of predetermined overhead is $6.
3200 hours of direct labor total.
$2500 is the underapplied overhead.
By adding all values together to obtain the necessary amount, the actual manufacturing overhead cost may be calculated: actual overhead cost = $21700.
What is Direct labor cost?The term "direct labor" refers to the permanent and contract workers who perform direct labor on a manufacturer's goods. (Indirect labor refers to individuals working in the producing area but not directly on the products.)
The cost of temporary employees who work directly on the manufacturer's products as well as the salary and fringe benefits of direct labor employees are included in the direct labor cost.
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assets are recorded in the balance sheet in order of: question 18 options: a) historic value b) maturity c) liquidity d) market value
Assets are recorded in the balance sheet in order of liquidity.
A balance sheet, a kind of financial statement, contains a list of a company's equity, liabilities, and assets as of a certain date. Starting with the most liquid assets and concluding with the least liquid, the assets are listed in order of increasing liquidity. Since they may be swiftly converted into cash without suffering a significant loss in value, cash and its equivalents are frequently the most liquid assets.
Property, plant, and equipment are often the least liquid assets because they can take a while to sell and may not fetch the full market price. The balance sheet gives a picture of a company's capacity to fulfil its immediate obligations by listing assets in order of liquidity.
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which of the following are costs that are recognized for financial reporting when incurred? multiple select question. manufacturing costs product costs period costs nonmanufacturing costs
Costs associated with products are ones that, when incurred, are recorded for financial reporting.
Examples of product pricesDirect materials, production overhead, and allocated plant overhead are a few examples of product expenses. General and administrative expenditures, including as rent, office leasing, office supplies, and utilities, are examples of period costs.
How much does a thing cost over time?Since period expenses cannot be ascribed to any one product, they are paid as an expenditure rather than being divided up. Due to their direct connection towards the manufacturing of goods and services, the product cost is allocated to the products. This expense is based on time. This pricing is based on volume.
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Beginning Balance $1000
19-Jul ACH Outgoing Transfer $(730)
20-Jul Incoming App Transfer $1800
23-Jul ACH Incoming Transfer
$20
24-Jul E-bill Pay Utilities
$(100)
What is the ending
balance on this
account after
these transfers
are completed?
Answer:
the ending balance after these transfers are completed is $1990.
Explanation:
Beginning Balance: $1000
19-Jul ACH Outgoing Transfer: -$730
Balance after transaction: $1000 - $730 = $270
20-Jul Incoming App Transfer: +$1800
Balance after transaction: $270 + $1800 = $2070
23-Jul ACH Incoming Transfer: +$20
Balance after transaction: $2070 + $20 = $2090
24-Jul E-bill Pay Utilities: -$100
Balance after transaction: $2090 - $100 = $1990
quantum manufacturing was founded in 1955 by earl and jenni maxwell. today, their two sons own the business and are closely involved in managing the day-to-day workings of the company. what kind of company is quantum manufacturing?
Investors in short-term initiatives find limited partnerships appealing. Joint ventures function like general partnerships, but only temporarily or in the context of a single project.
What does the term "invest" mean?
Investors are any person, business, or other entity that makes financial commitments with the intention of profiting from them.
An investor is someone who puts money into a company or other entity with the intention of making a profit. Every investor's main goal is to lower risk and raise profits. This is in contrast to a speculator who is willing to invest money in a risky asset in the hopes of reaping a greater return.
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case: tesco plc leveraging global knowledge - what are some things mne can do to facilitate knowledge sharing and global integration across its global business? list 5 and fully explain each. (5 points)
MNEs may enhance knowledge sharing and global integration throughout their global business by creating a common language, supporting a culture of knowledge sharing, investing in technology and tools, creating cross-functional teams, and encouraging mobility and overseas assignments.
Multinational enterprises (MNEs) operate in diverse and complex environments. Here are 5 things that MNEs can do to facilitate knowledge sharing and global integration across their global businesses:
Develop a common language: MNEs can promote integration and information exchange by establishing a single language across the company. Employees from various ethnic backgrounds can collaborate better and avoid misunderstandings by using a common language.Promote a culture of knowledge sharing: MNEs may promote a culture that encourages and rewards information sharing by fostering it. They may also provide rewards for working in teams and cooperating with others.Invest in technology and tools: Technology may be used by MNEs to promote knowledge exchange and international integration. Also, they may spend money on knowledge management programs, which would make it possible for staff members to exchange and access information freely inside the company.Build cross-functional teams: By forming cross-functional teams with people from many departments and areas, MNEs may promote global integration. Cross-functional teams can foster cooperation and information exchange throughout the business by assisting in the dismantling of silos.Encourage mobility and international assignments: By supporting staff mobility and overseas assignments, MNEs may advance global integration. Employees may benefit from this by acquiring a more global mentality and a deeper knowledge of other cultures and business methods.Learn more about knowledge sharing among MNEs here:
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everything in our constructed environment, including technology, buildings, furniture, clothing, and books, is part of our
Our material culture includes everything in our built surroundings, including our furniture, clothes, technology, structures, and books.
What are the two fundamental cultural subgroups that include values, beliefs, customs, and behaviors known as?
The first category, also referred to as nonmaterial culture, is made up of the principles, notions, symbols, and languages that define a civilisation. The second form, referred to as material culture, entails all of the society's outward manifestations, including its attire, tools and technology, utensils for dining, and modes of transportation.
What are two examples of the physical world and two examples of the intangible world?
A few examples of material culture are money, instruments, weapons, utensils, machines, clothing, jewelry, artwork, buildings, and monuments. The concepts, convictions, social roles,
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the consumption function shifts when: group of answer choices expected future disposable income changes. people receive a pay raise. disposable income changes. disposable income goes down.
When disposable income shifts, the consumption function changes. When disposable income increases, the consumption function shifts forward (or upward), and vice versa.
The phrase "consumption function" refers to a mathematical expression that depicts the functional connection between total consumption and gross domestic product (GNI). The consumption function was developed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumption expenditures. It is a useful tool that economists and other decision-makers may use to comprehend the economic cycle and assist them in making crucial decisions about investments, monetary and fiscal policy, as well as other matters.
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an appraiser found three comparable properties however she believed that one of the properties was significantly more relevant to the true value of the subject property. in this case, the appraiser would most likely do what?
Assigning equal weights to every one three properties is what an assessment would most likely do.
Which is a gross lease according to the definition?when the landlord covers the costs of maintaining the property, including taxes and insurance, or the owner pays a fixed rent. The lease stipulates how utilities are to be paid.
Which of these following property kinds would most likely be accurately valued using the cost approach?The three distinct approaches to value are the most important thing to keep in mind when thinking about the evaluation process. Residential houses and undeveloped land are the ideal uses for the market data strategy. On properties with a specific use, such as chapels, institutions, hospitals, or new construction, the cost approach works well.
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ipo underpricing the woods co. and the koepka co. have both announced ipos at $40 per share. one of these is undervalued by $12, and the other is overvalued by $5, but you have no way of knowing which is which. you plan to buy 1,000 shares of each issue. if an issue is underpriced, it will be rationed, and only half your order will be filled. if you could get 1,000 shares in woods and 1,000 shares in koepka, what would your profit be? what profit do you actually expect? what principle have you illustrated?
If both IPOs are underpriced by the stated amounts, the fair value of Woods Co. shares would be $52 ($40 + $12), and the fair value of Koepka Co. shares would be $45 ($40 - $5).
If the order for 1,000 shares of each issue is filled completely, the total cost of the investment would be:
$40 x 1,000 shares of Woods Co. = $40,000
$40 x 1,000 shares of Koepka Co. = $40,000
The fair value of the shares at the time of purchase would be:
Woods Co.: $52 x 500 shares (assuming rationing of the underpriced issue) = $26,000
Koepka Co.: $45 x 1,000 shares = $45,000
Therefore, the total profit would be:
$26,000 + $45,000 - $80,000 = $-9,000 (a loss of $9,000)
However, since one of the issues is likely to be rationed, the actual profit will depend on which issue is underpriced and how much of the order is filled. If the order for Woods Co. shares is filled completely and the order for Koepka Co. shares is only filled partially, the actual profit would be higher. If the order for Woods Co. shares is rationed and the order for Koepka Co. shares is filled completely, the actual profit would be lower. It is impossible to know which scenario will occur without more information.
This scenario illustrates the principle of underpricing in IPOs, which is a common occurrence in the stock market. Underpricing occurs when the offer price of the shares is set lower than the fair value, which can lead to a surge in demand and an increase in the share price on the first day of trading. This can result in significant profits for investors who are able to purchase the shares at the offer price and then sell them on the first day of trading at a higher price. However, it is difficult to predict which IPOs will be underpriced and by how much, making it a risky investment strategy.
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if the recipients of corn subsidies donate just 1% of the total amunt they receoe in subsidies how much could they raise to su[port lobbying efforts to continue corn subsidy
From special-interest effect and the collective-action problem they can raise to 30,000,000 (= 0.01 × $3 billion)
Special interest was created when a group, individuals, or organisation sought to alter or influence governmental decisions in order to benefit themselves. Most special interest organisations are nonprofit institutions. Examples of these particular organisations include business unions and trade groups. A special interest group (SIG) is a collection of people who work together within a larger organisation to advance a certain area of knowledge, education, or technology. Members may communicate, physically meet, and organise conferences as they collaborate to influence or create solutions in their specialised fields.
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he fomc has instructed the frbny trading desk to purchase $500 million in u.s. treasury securities. the federal reserve has currently set the reserve requirement at 5 percent of transaction deposits. assume u.s. banks withdraw all excess reserves and give out loans. a. assume also that borrowers eventually return all of these funds to their banks in the form of transaction deposits. what is the full effect of this purchase on bank deposits and the money supply? b. what is the full effect of this purchase on bank deposits and the money supply if borrowers return only 95 percent of these funds to their banks in the form of transaction deposits
As per the requirements in the question -
a. Increase in bank deposit and money supply by (1/.05)*$500m= 10 billion
b. increase in bank deposits and money supply by (1/(.05+(1-.95)))*$500m= 5 billion
The money supply is the whole of the entirety of the money and other fluid resources in a country's economy on the date estimated. The cash supply remembers all money for the course and all bank stores that the record holder can without much of a stretch believer to cash.
Governments issue paper currency and coins through their national banks or depositories, or a blend of both. To keep the economy stable, banking controllers increment or decrease the accessible cash supply through approach changes and administrative choices. The Fed likewise impacts the cash supply, through activities that increment or abate how much money is in the framework.
Monetarists, who view the cash supply as the primary driver of interest in an economy, accept that rising the cash supply prompts expansion.
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What is the opportunity cost of samsung repairs production (in terms of iphone repairs/samsung repairs)?
The opportunity cost of Samsung repairs production in terms of iPhone repairs/Samsung repairs is the ratio of the number of iPhone repairs that could have been performed instead of producing one more unit of Samsung repairs.
Opportunity cost is the expense of giving up the next best option while making a decision. The finest option in this situation is Samsung repair production, with iPhone repair coming in second.
The opportunity cost of creating Samsung repairs, for instance, would be 2 iPhone repairs for every Samsung repair if generating one extra unit of Samsung repairs meant forgoing two units of iPhone repairs. This indicates that the potential cost of the manufacture of Samsung repairs was two units of iPhone fixes for every unit of Samsung repairs produced.
The worth or benefit lost by engaging in a specific activity in comparison to engaging in a different task is defined as the opportunity cost in microeconomic theory.
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What information about estimates is not required to be disclosed?
A. That estimates involve assumptions about future events
B. Possible material financial statement effects of estimate changes
C. That estimates are required in preparing financial statements
D. The old and new estimate in quantitative terms
The information about estimates that are not required to be disclosed is D. The old and new estimates in quantitative terms.
Why Company Is Not Required to Disclose Estimates?It is not necessary for companies to disclose the specific numbers of their old and new estimates in financial statements.
However, they are required to disclose information about the assumptions they used to make the estimates (A), the potential effects of estimate changes on financial statements (B), and the fact that estimates are required in preparing financial statements (C).
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When actual unemployment is less than its natural rate
A. the economy is expanding beyond its long-run capabilities.
B. the economy is producing within its long-run capabilities.
C. the numbers must be wrong because the actual unemployment rate can never be less than the natural rate.
D. the economy is in a recession.
E. the economy must be experiencing high inflation.
Option A is correct, when actual unemployment is less than its natural rate the economy is expanding beyond its long-run capabilities
What causes an expanding economy?The two primary forces behind economic growth are, in general, the growth of the labour force and the productivity (output per hour worked) of that workforce. Either would increase the overall size of the economy, but only strong productivity growth would increase per capita GDP and income.
When the unemployment rate is lower than the natural rate the output gap is?When real GDP is higher than potential GDP and the unemployment rate is lower than the natural unemployment rate, the output gap is positive (blue sections in both parts). The graph shows the estimated natural unemployment rate from the Congressional Budget Office.
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he strategy in which marketers change a brand's focus to target new markets, or realign the brand with changing market preferences, is know
if direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be:
It will be equivalent units completed as to conversion costs if direct materials are added.
Direct material is what?Direct material refers to the tangible components that make up a product. For instance, flour, eggs, yeast, sugars, oil, and water are material objects for a baker. Cost accounting uses the direct material concept to categorize this cost independently for various forms of financial analysis.
How is the variance in the pricing of direct materials calculated?The differential between both the standard price (SP) and the actual price (AP), multiplied by the actual quantity (AQ), is used to calculate the direct materials price variance: Variance in the direct materials price equals (SP - AP) x AQ.
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nonnegativity constraints ensure that question 6 options: 1) the problem modeling includes only nonnegative values in the constraints. 2) there are no inequalities in the constraints. 3) the objective function of the problem always returns maximum quantities. 4) the solution to the problem will contain only nonnegative values for the decision variables.
The problem's solution will only include nonnegative values for the choice variables thanks to nonnegativeness restrictions.
So, these choice variables will never turn negative thanks to the non-negative non-negativity restrictions. Therefore, the non-negative constraints guarantee that the issue solution will only include non-negative values for the choice variables. Function values for a non-negative function must be larger than or equal to zero. The outputs of the function must be zero or larger for it to be considered non-negative, even if the function's domain is negative. Positive numbers and zero are considered non-negative integers. Negative and zero numbers are considered non-positive integers. Zero is the number that falls under the category of non-negative and non-positive integers.
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assume the crash davis driving school has a 13.1 percent roe and a 30 percent payout ratio. required: what is the sustainable growth rate? (do not include the percent sign (%). round your answer to 2 decimal places (e.g., 32.16).)
Sustainable growth rate is 0.1010 or 10.10%.
The sustainable growth rate is a financial number that shows how much growth a company may achieve while maintaining its current capital structure. Its growth rate is influenced by the company's ability to make a profit utilising the equity of its shareholders, as determined by its return on equity, as well as its dividend payout policy.
The long-term growth rate that a business can anticipate is known as the sustainable growth rate. The sustainable growth rate, often known as G, can be determined by dividing a company's earnings retention rate by its return on equity.
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5. which of the following is the best mov statement? a. our project should make dayton customers flock to the stores in droves to buy our products. b. our project should be completed in no more than 180 days and should cost no more than $150,000 and be completed 100% in-house. c. our project should increase sales in the dayton market by 15% next year to complete our company's ohio expansion strategy. d. d) our project should utilize the spiral development approach to eliminate 95% of the major risks to our dayton sales program. e. e) our project should produce an advertising campaign in dayton that wins the ohio advertising guild's award for most creative campaign.
The best MOV (Measurable Organizational Value) statement is: Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy i.e. Option C
Measurable Organizational Value (MOV) is a concept used in project management to define and measure the expected benefits or value that a project will deliver to an organization. It is a quantitative and qualitative statement that describes the specific goals, outcomes, or benefits that an organization seeks to achieve by implementing a project.
A MOV statement typically outlines the expected financial and non-financial benefits that a project will provide, such as increased revenue, cost savings, improved customer satisfaction, or enhanced brand recognition. It should be specific, measurable, achievable, relevant, and time-bound (SMART) to ensure that it can be accurately measured and achieved within the specified timeline.
The MOV statement serves as a guidepost for the project team, providing a clear understanding of what success looks like and what benefits the project should deliver. It also helps project sponsors and stakeholders to evaluate the performance of the project and determine whether it has achieved its objectives. By defining and measuring the MOV, project managers can demonstrate the value that the project adds to the organization and justify the resources and investment required to complete it.
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Complete Question -
Which of the following is the best MOV statement?
A. Our project should make Dayton customers flock to the stores in droves to buy our products.
B. Our project should be completed in no more than 180 days and should cost no more than $150,000 and be completed 100% in-house.
C. Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy.
D. Our project should utilize the Spiral Development approach to eliminate 95% of the major risks to our Dayton sales program.
E. Our project should produce an advertising campaign in Dayton that wins the Ohio Advertising Guild's Award for most creative campaign
what‘s the difference between sales tax and excise tax?
Excise tax is payable on the removal of goods from the factory or manufacturing godown, whereas sales tax is payable only after the sale occurs in India. Excise tax is calculated on the accessible value, whereas sales tax is calculated on the sale price.
Differentiate sales tax and excise tax?Tax or duty is defined as a financial charge that is imposed by governments on its citizens to raise the required funds. As a result the government is able to raise the funds essential to perform its duties and functions for the welfare of the public. Even though there are a variety of kinds of taxes that government levies like wealth tax, income tax, toll tax, custom duty and others; sales tax and excise duty generate the maximum revenue.
The majοr difference between sales tax and excise tax are:
Excise duty is on the production of goods whereas sales tax is levied on sale of goods.Excise duty is paid by the manufacturer while the burden of sales tax is borne by the end consumer.Excise Duty is payable on the removal of goods from factory or the manufacturing godown whereas sales tax is payable after only the sale has taken place in India.Excise duty is levied on accessible value whereas Sales tax is based on sale price.Learn more about sales tax
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the file nbacost contains the total cost ($) for four tickets purchased on the secondary market, two beers, two soft drinks, two hot dogs, and one parking space at each of the 30 national basketball association arenas during a recent season. these costs were: 222.67 262.50 262.67 276.40 278.00 290.83 292.87 298.00 318.67 324.33 332.93 345.09 346.70 380.67 398.55 418.14 422.45 423.50 429.00 441.00 492.71 505.77 539.68 571.50 585.20 696.33 718.50 726.40 789.20 878.20 source: data extracted from www.nerdwallet/blog/which-nba-teams-most- affordable. a. organize these costs as an ordered array. b. construct a frequency distribution and a percentage distribution for these costs. c. around which class grouping, if any, are the costs of attending a basketball game concentrated? explain.
NBA Teams Are Cheapest." a. group these costs into an array and sort them.75% of observation will lie below $600. If there is one, what class has the most expensive basketball ticket.Required value: 600.
The file nbacost contains the price ($) for four secondary market tickets, two beers, two soft drinks, two hot dogs, and one parking space at each of the 30 NBA arenas during a recent season. the costs incurred were as follows: 222.67 262.50 262.67 276.40 278.00 290.83 292.87 298.00 318.67 324.33 332.93 345.09 346.70 380.67 398.55 418.14 422.45 423.50 429.00 441.00 492.71 505.77 539.68 571.50 585.20 696.33 718.50 726.40 789.20 878.20 Information derived from the NerdWallet.com blog post " NBA Teams Are Cheapest." a. group these costs into an array and sort them. b. Make a frequency distribution for these expenditures as well as a percentage distribution. c. If there is one, what class has the most expensive basketball ticket. Basketball is a team sport in which two teams, typically consisting of five players each, compete against one another on a rectangular court with the main objective of preventing the opposing team from shooting through their own hoop while putting the ball through the defender's hoop, which is an 18-inch (46-cm)-diameter basket mounted 10 feet (3.048 m) high to a backboard at each end of the court. A field goal is worth three points, with the exception of when it is made from beyond the three-point line
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during its first month of business, dig the dogs, inc. purchased $900 of hotdogs of which it paid $500 and owes the rest. during the month, it sold two thirds of its inventory for $1,500 on account. what is the amount of cost of goods sold for the month ended?
Answer:
the COGS for the month is $1200
Explanation:
o calculate the cost of goods sold (COGS) for Dig the Dogs, Inc. during its first month of business, we first need to determine the cost of the hot dogs that were sold.
At the start of the month, Dig the Dogs had $900 worth of hot dogs of which it paid $500 and owes the rest, so the cost of the hot dogs still owed is $900 - $500 = $400.
During the month, the company sold two-thirds of its inventory for $1,500 on account, so we can calculate the cost of the hot dogs sold as follows:
$400 / (1 - 2/3) = $400 / 1/3 = $1200
So, the COGS for the month is $1200.
adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the current period.
a. account
b. liability
c. asset
d. revenue
e. expense
Adjustments ensure that asset balances are reported at amounts representing the economic benefits that remain at the end of the current period.
What are adjusting entries?Adjusting entries are a set of journal entries made at the end of an accounting period to ensure that the financial statements accurately reflect the economic activity of the business. One of the primary objectives of adjusting entries is to ensure that the balances of the accounts in the financial statements are reported at amounts that represent the economic benefits that remain at the end of the period.
One of the main types of accounts that require adjustment at the end of the period are asset accounts. Asset accounts represent economic resources owned or controlled by a business that have the potential to provide future benefits. Examples of asset accounts include cash, accounts receivable, inventory, and property, plant and equipment.
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Place the steps in the adjusting process in the correct order in which they would be performed. Place these in the proper order. - Determine what the correct account balance should be - Record an adjusting entry
- Determine what the current account balance is
The trial balance, the corrected trial balance, the income statement, the balance sheet, and the statement of owner's equity are the next steps in the procedure.
What is equity?Equity, also known as shareholders' equity, is the sum of money that would remain in the hands of a company's shareholders after all of the company's assets have been sold and all of the debt has been settled, in the event of a liquidation.
It is the worth of company sales less any obligations owing by the company that were not transferred with the sale in the case of an acquisition.
Moreover, a company's book value may be represented through shareholder equity. Stock may occasionally be given in exchange for cash. Also, it symbolizes the proportionate ownership of a company's shares.
One of the most frequently used pieces of information by analysts to evaluate a company's financial health is equity, which can be found on a company's balance sheet.
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which of the following statements is incorrect? multiple choice preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. common stock prices changes with the value of the company's underlying business. preferred stockholders have higher precedence for repayment than common stock in the event of firm liquidation from bankruptcy. all of these choices are correct.
All of the given choices are correct. It is correct that the preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. Also, Common stock prices change with the value of the company's underlying business and preferred stockholders have higher precedence for repayment than common stock in the event of firm liquidation from bankruptcy.
Preferred stock prices pay fixed payments like bonds and thus their prices fluctuate with fluctuation in the payment rates. Common stock price changes with the value of the underlying business as the business grows/declines, and so does the share value. Preferred stockholders do have precedence of payment in the event of liquidation as they get paid first and the balance left is then distributed among common stockholders.
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Answer:
The statement that is incorrect is that preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. Preferred stock prices are generally less affected by market interest rates than bond prices, so they tend to move in the opposite direction of bond prices.
the balance sheet for jim's hardware has the following items listed. current liabilities, $25,345; long-term debt, $100,000; total liabilities, $125,345; total assets, $325,490. what is the owner's equity for this company?
200145 is the owner's equity for this company .
What does owner's equity mean?
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain with a company's shareholders after all of its assets have been sold and all of its debt has been settled in the event of a liquidation.
The amount of a company's value that can be claimed by its shareholders is shown on the balance sheet.
Owner's Equity= $200145
Workings
Owner's Equity= Total Asset - Total Liabilities
= 325490 - 125345
= 200145
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let's see what we all remember from accounting 1. what would the net income/loss be for the year using the following information? please explain your calculations used to get your numbers. jan. 1, 2017 total assets $150,000 dec.31, 2017 total assets $175,000 jan. 1, 2017 total liabilities $35,000 dec. 31, 2017 total liabilities $145,000 dividends declared for year $25,000 dividends paid out for the year $37,500 no par common stock sold during year $10,000 hint: use some of the tools you learned in accounting 1 to solve this (t-account and accounting equation).
For the fiscal year, the company suffered a net loss of $60,000.
To calculate the net income/loss for the year, we need to use the accounting equation, which is:
Assets = Liabilities + Equity
Equity represents the owner's interest in the company, and it can be further broken down into two parts: contributed capital (the amount of capital invested by the owners) and retained earnings (the cumulative profits or losses of the company that have not been distributed as dividends).
Start by calculating the equity at the beginning of the year (Jan. 1, 2017) using the accounting equation:
$150,000 (Assets) = $35,000 (Liabilities) + Equity
Equity = $115,000
There was no par common stock sold during the year, so the contributed capital remains the same at $0. Therefore, the retained earnings at the beginning of the year is $115,000.
Next, we can calculate the equity at the end of the year (Dec. 31, 2017) using the same equation:
$175,000 (Assets) = $145,000 (Liabilities) + Equity
Equity = $30,000
To calculate the change in retained earnings for the year, we can use the following formula:
Retained earnings (end of year) = Retained earnings (beginning of year) + Net income - Dividends
We don't have the net income figure, but we can calculate it by rearranging the formula:
Net income = Retained earnings (end of year) - Retained earnings (beginning of year) + Dividend
Plugging in the numbers we have, we get:
Net income = $30,000 - $115,000 + $25,000 = -$60,000
Net Loss- $60,000
We also know that dividends declared for the year was $25,000, but dividends paid out was $37,500, which means the company paid out more dividends than it declared. This would result in a decrease in retained earnings.
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your aunt offers you a choice of $22,100 in 30 years or $450 today. a-1. if money is discounted at 14 percent, what is the present value of the $22,100? (do not round intermediate calculations. round your final answer to 2 decimal places.)
Present value is defined as Amount/(1+r)n, which equals 22100 / (1.14), or 22100 * 0.01962702428, or 433.752. Answer So, today, we ought to go with the 450 dollar choice.
What does present value mean?Money's current value is what it is worth today. Due to inflation, money loses value with time and is currently worth $100, but will be worth somewhat less in one year. Whatever sum is exactly identical in value right today, today, is the current value of $100 1 year down the road. It is the estimated value of a future revenue stream in terms of today's money.
How is present value determined?Using this formula, you may determine present value. Divide each amount of cash Y by (1+r)n, in which r is the financial ratio per period (often the interest rate or the assured risk-free rate). Y is the amount of money that will be received over the course of n periods.
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the goal and plan selection step of the formal planning process comes after which action?
Answer:
goal and plan evaluation
Explanation:
an open-end mutual fund has the following stocks: stock shares stock price a 14,000 $ 82 b 31,000 26 c 4,500 61 d 84,000 14 the fund has 56,000 shares and liabilities of $142,000. assume the fund is sold with a front-end load of 3.25 percent. what is the offering price of the fund? (do not round intermediate calculations. round your answer to 2 decimal places.)
$64.41 per share is the mutual fund's offering price. The net asset value (NAV), which is the sum of the fund's assets less its liabilities.
Following are the formulas for calculating the stock value of the fund:
14,000 shares of Stock A times $82 per share equals $1,148,000.
Stock B: 31,000 shares at $26 a share equals $806,000.
Stock C: 4,500 shares times $61 per share equals $274,000
84,000 shares of Stock D at $14 each equate to $1,176,000.
The value of the stocks as a whole is $3,405,500 ($1,148,000 + $806,000 + $274,500 + $1,176,000).
The NAV can then be determined as follows:
NAV is calculated as follows: Total Stock Value – Liabilities / Total Shares
NAV is equal to ($3,405,500 + $142,000) / 56,000 shares, or $62.32 per share.
The offering price can then be determined by multiplying the NAV by 3.25 percent. NAV * (1 + Load) is the offering price.
Offering price: $62.32 * (1 + 0.0325) = $64.41 per share
Consequently, $64.41 per share is the mutual fund's offering price.
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