In order to cover the total fixed costs and achieve a targeted operating income of $27,000, the company needs to sell 17,900 unitsTo break even, 17,900 units must be sold.
To calculate the break-even point, we can use the formula:
Break-even point (in units) = Total fixed costs / Contribution margin per unit
Total fixed costs = $447,500
Contribution margin per unit = $25.00
Using the formula, we can calculate the break-even point:
Break-even point = $447,500 / $25.00 = 17,900 units
Therefore, 17,900 units must be sold to break even.
In order to cover the total fixed costs and achieve a targeted operating income of $27,000, the company needs to sell 17,900 units. This calculation is based on the contribution margin per unit of $25.00, which represents the amount that each unit contributes towards covering the fixed costs and generating profit.
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Describe a situation where the code of ethics in project
management would be very important to abide by and state why or
what could happen if people on the project do not abide by that
code.
The code of ethics in project management is important to abide by in all situations, but one particularly important situation is when working on a project that involves sensitive or confidential information.
For example, imagine a team of project managers working on a new software application for a financial institution.
The application will handle sensitive data such as customer account numbers, credit card information, and other financial information. In this case, it is vital that the project managers adhere strictly to the code of ethics in project management.
If people on the project do not abide by the code of ethics, there could be significant consequences for both the project and the organization involved.
For example, if a project manager were to leak confidential information or use it for personal gain, it could result in legal action against the organization, damage to its reputation, and loss of trust from clients or customers.
Additionally, breaches of confidentiality could lead to financial losses or identity theft for individuals affected by the breach.
In summary, the code of ethics in project management is essential to maintain professional standards and ensure that projects are completed successfully.
When working on projects involving sensitive or confidential information, adherence to ethical principles is even more critical, and failure to do so could have severe consequences for all parties involved.
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ILOS C1, C3 & D3 (30-points) On January 1, 2021, Bahrain Company signed a 4-year lease for a car. The terms of the lease called for Bahrain Company to make annual payments of $2,000 at the beginning of each year, starting January 1, 2021. The car has a book value of 10,000 (the FMV at the leasing date was $8,000) an estimated useful life of 5 years and a $1,000 unguaranteed residual value. Bahrain Company uses the straight-line method of depreciation for all of its plant (fixed) assets. Bahrain Company's incremental borrowing rate is 20%. Instructions a) What type of lease is this? Explain. (5-points). b) If present value of the minimum lease payments is $7,768; Prepare the Lease Amortization Schedule, (10-points). Prepare the journal entries on January 1, 2021. (5-points). c) Prepare all journal entries through Dec. 31, 2021 and January 1, 2022. (10-points). II
Bahrain Company records the lease as a finance lease, which means that it is treated as if it had purchased the asset. The company records a leased asset and a lease liability on its balance sheet and amortizes the leased asset over the life of the lease.
a) What type of lease is this? Explain.
This is a finance lease because it meets the following criteria:
The lease transfers substantially all of the risks and rewards of ownership to the lessee.The lease term is for a major part of the economic life of the asset.The present value of the minimum lease payments is equal to or greater than the fair value of the asset.b) To prepare the Lease Amortization Schedule, we need to calculate the interest expense, principal reduction, and carrying value for each year. Given that the present value of the minimum lease payments is $7,768, we can use this information to create the amortization schedule as follows:
Year | Lease payment | Depreciation expense | Interest expense | Carrying value
2021 | $2,000 | $1,553 | $447 | $7,553
2022 | $2,000 | $1,511 | $489 | $7,064
2023 | $2,000 | $1,468 | $532 | $6,532
2024 | $2,000 | $1,426 | $574 | $5,958
The carrying value represents the remaining balance of the lease liability after each year's payment and principal reduction.
c) Prepare all journal entries through Dec. 31, 2021, and January 1, 2022.
The journal entries through December 31, 2021, and January 1, 2022 are as follows:
Date Account Debit Credit Description
2021-01-01 Leased asset $7,768 Lease liability Purchased asset under finance lease
2021-12-31 Depreciation expense $1,942 Accumulated depreciation Recorded depreciation expense
2021-12-31 Interest expense $158 Lease liability Recorded interest expense
2022-01-01 Lease payment $2,000 Lease liability Made lease payment
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Which of the following statement is not true about the components of the Balance Sheet? Net patient accounts receivable pertains to the amount of money billed for services provided but not yet collected. Long-term investments are investments in securities with maturities of less than one year. Cash equivalents are cash-like investments with maturities of three months or less. Net property and equipment are sometimes referred to as the capital assets of the organization.
The statement that is not true about the components of the Balance Sheet is "Long-term investments are investments in securities with maturities of less than one year."
This statement is incorrect because long-term investments refer to investments with maturities longer than one year, not less than one year. Long-term investments are typically held by a company for a longer period, such as stocks or bonds. On the other hand, short-term investments have maturities of less than one year. Net patient accounts receivable refers to the amount billed for services provided but not yet collected, which is true. Cash equivalents are cash-like investments with maturities of three months or less, which is also true.
Net property and equipment are indeed referred to as the capital assets of the organization, making this statement true. In conclusion, the incorrect statement is "Long-term investments are investments in securities with maturities of less than one year."
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Current Attempt in Progress Cullumber Company at December 31 has cash $21,600, noncash assets $101,000, liabilities $50,500, and the following capital balances: Floyd $44,200 and DeWitt $27,900. The firm is liquidated, and $115,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg -15,000 or parenthesis e.g. (15,000)) Cash $21,600 $ Noncash Assets $101.000 Liabilities $50.500 Floyd, Capital $44,200
The schedule of cash payments is as follows:Floyd, Capital: $41,860DeWitt, Capital: $25,140
Current Attempt in Progress Cullumber Company has cash $21,600, noncash assets $101,000, liabilities $50,500, and the following capital balances: Floyd $44,200 and DeWitt $27,900. The firm is liquidated, and $115,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively.The schedule of cash payments would be prepared by using the following steps:Step 1: Calculate the total income of the firm by adding Floyd's income and DeWitt's income. Floyd's income is calculated as 60% × $115,000 = $69,000.
DeWitt's income is calculated as 40% × $115,000 = $46,000. Total income would be $69,000 + $46,000 = $115,000. Step 2: Calculate the proportion of cash payments that each partner would receive. Floyd's proportion is calculated as $69,000 / ($69,000 + $46,000) = 0.6, and DeWitt's proportion is calculated as $46,000 / ($69,000 + $46,000) = 0.4. Step 3: Calculate the cash payments to each partner. Floyd's payment is calculated as 0.6 × ($21,600 + $44,200 - $50,500) + $69,000 = $41,860. DeWitt's payment is calculated as 0.4 × ($21,600 + $27,900 - $50,500) + $46,000 = $25,140. Therefore, the schedule of cash payments is as follows:Floyd, Capital: $41,860DeWitt, Capital: $25,140
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Research on hours/condo prices and mortgage alternatives in all around GTA and nearby cities ( Hamilton, Niagara, Ajax, etc). Decide to rent or mortgage option including all the house/condo related expanses (maintenance fee, house winter summer maintenance etc.) and choose one option and give smart reasons for it. You may consider rent expense increase. Two alternatives you have 1-buy house or condo or townhouse 2- Rent and use the money in other investments and create wealth. You can use historical data in research.
Based on the research conducted on hours/condo prices and mortgage alternatives in the Greater Toronto Area (GTA) and nearby cities such as Hamilton, Niagara, and Ajax, the recommended option is to buy a house, condo, or townhouse.
Analysis of housing prices: Historical data shows that housing prices in the GTA and nearby cities have experienced a consistent upward trend over the years.
While there may be short-term fluctuations, the long-term trend indicates that housing prices generally appreciate over time. This means that if you buy a property, you have the potential to build equity and benefit from capital appreciation.
Comparison of renting costs: Renting a property typically involves monthly payments that contribute to the landlord's mortgage and other expenses. Over time, rental prices tend to increase due to inflation and market demand.
On the other hand, if you choose to buy a property with a fixed-rate mortgage, your monthly payments remain stable throughout the loan term. This provides a sense of financial stability and protection against rising rental costs.
Wealth creation through property ownership: When you buy a property, you have the opportunity to build equity and accumulate wealth.
As you make mortgage payments, a portion of each payment goes towards the principal amount, reducing your debt and increasing your ownership stake in the property. Additionally, any appreciation in the property's value over time adds to your overall wealth.
Mortgage alternatives: If you're concerned about the financial burden of a traditional mortgage, there are alternative options available.
For instance, you could consider a shared equity mortgage, where a portion of the down payment and mortgage payments are funded by an investor or a government program. This reduces your upfront costs and makes homeownership more affordable.
Considering the historical data on housing prices, the potential for wealth creation through property ownership, and the stability offered by fixed-rate mortgage payments, it is recommended to buy a house, condo, or townhouse rather than renting.
While renting and investing the money elsewhere may seem like an appealing alternative, the long-term benefits of property ownership, including equity accumulation and potential appreciation, outweigh the potential gains from other investments.
However, it is crucial to carefully consider your financial situation, affordability, and long-term goals before making a final decision. Consulting with a financial advisor or mortgage specialist can provide further guidance tailored to your specific circumstances.
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The sales of a popular mascara product at the local makeup shop are normally distributed, with mean of 200 units per week and standard deviation of 25 units per week. Every other Monday the store manager receives 400 units of a popular product from its regular supplier. The store is open 7 days per week, 52 weeks per year. The purchasing cost is $12 per unit, the ordering costs are estimated at $250 per order, and the holding cost rate is 15% per unit per year. The lead time for the ordering and receiving a new order is around three days (half of one week).
What is the annual inventory cost given the current inventory policy? How much is the shop spending per year in out-of-pocket costs (ordering cost)?
The annual inventory cost is the cost of holding inventory for the entire year. To find the annual inventory cost, you need to calculate the holding cost and ordering cost.
The holding cost and ordering cost have been given. The holding cost is 15% per unit per year, and the ordering cost is $250 per order. The holding cost and the ordering cost need to be converted into an annual basis.Therefore, the annual holding cost rate is 15% x $12 = $1.80 per unit, and the annual ordering cost is $250 x (52/2) = $6,500. The lead time is three days, which is half of one week. Thus, you need to place an order every two weeks. Each order is 400 units. The average inventory is 200 units. Therefore, the total annual cost is calculated as follows:Average inventory = (400 + 200)/2 = 300 unitsOrdering cost per year = $6,500Holding cost per year = $1.80 x 300 x 52 = $28,080Total cost per year = $28,080 + $6,500 = $34,580The shop is spending $6,500 per year in out-of-pocket costs (ordering cost).
The annual inventory cost is $34,580, and the shop is spending $6,500 per year in out-of-pocket costs (ordering cost).
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Dividend given to the preferred stock holders are fixed and they have the right to vote as part owners. True
False
The statement is false. Preferred stockholders do not have the right to vote as part owners, and the dividends given to preferred stockholders are typically fixed.
Preferred stockholders are generally entitled to receive a fixed dividend, which is predetermined and paid out before any dividends are distributed to common stockholders. This fixed dividend gives preferred stock its name, as it provides a priority over common stock dividends. However, preferred stockholders usually do not have voting rights in the company. The voting rights are typically reserved for common stockholders, who have a greater say in the decision-making processes of the company, such as electing the board of directors and voting on significant corporate matters.
The distinction between preferred stock and common stock lies in the ownership rights and the nature of dividends. Preferred stockholders have a higher claim on the company's assets and earnings in the event of liquidation but generally lack the voting power enjoyed by common stockholders. This structure allows companies to raise capital while providing different benefits and risks to different types of shareholders.
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Answer each of the following unrelated questions. Show your computation.
1) Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded
semiannually, what is Maria's gift worth today?
2) At the end of each quarter, Patti deposits $500 into an account that pays 12% interest
compounded quarterly. How much will Patti have in the account in three years?
3) Spielberg Inc. signed a $200,000 noninterest-bearing note due in five years from a production
company eager to do business. Comparable borrowings have carried an 11% interest rate. What
is the value of this debt at its inception?
4) Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each
year for the next five years. How much will accumulate by the end of the fifth and final payment
if the sinking fund earns 9% interest?
5) Polo Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the
date of purchase, and a noninterest-bearing note requiring payment of $20,000 at the end of each
year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record
the asset at:
6) Marco needs $175,000 six years from today. How much should Marco deposit today into an in
vestment account that provides a 12% annual return in order to accomplish his goals?
7) Shelley wants to cash in her winning lottery ticket. She can either receive ten $100,000
semiannual payments starting today, or she can receive a lump-sum payment now based on a 6%
annual interest rate. What is the equivalent lump-sum payment?
8) Margaret will receive an insurance settlement of $3,000,000 in five years. Randall is willing to
give her a lump sum today in return for the payment in five years. If current interest rate is 12%
per year, how much will Margaret receive today?
9) On April 1, 2020, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not
due until April 1, 2022. Assuming interest at a 12% annual rate, how much Meyers should debit
Machinery on April 1, 2020?
10) How much must be deposited at the beginning of each year to accumulate to $10,000 in
four years if interest is at 9%?
Margaret will receive approximately $1,703,549.02 today as a lump sum in return for the $3,000,000 insurance settlement she would receive in five years.
Determining the rest of the solution, step by step1. To find the present value, we use the formula for compound interest:
Present Value =[tex]Future Value / (1 + (r/n))^(^n^*^t^)[/tex]
Present Value =[tex]$500,000 / (1 + (0.06/2))^(^2^*^7^)[/tex]
[tex]Present Value = $500,000 / (1.03)^(^1^4^)[/tex]
Present Value = $500,000 ÷ 1.4840310889
Present Value = $336,846.83 (rounded to the nearest cent)
Therefore, Maria's gift is worth approximately $336,846.83 today.
2. To calculate the future value of the account, we can use the formula for compound interest:
[tex]Future Value = P * (1 + r/n)^n^*^t[/tex]
[tex]Future Value = $500 * (1 + (0.12/4))^4^*^3[/tex]
Future Value = $500 * (1.03)¹²
Future Value = $500 * 1.4257617862
Future Value = $712.88 (rounded to the nearest cent)
Therefore, Patti will have approximately $712.88 in the account after three years.
3. The value of the debt at its inception is the present value of the future payment. Since the note is noninterest-bearing, we can calculate the present value using the formula:
[tex]Present Value = Future Value / (1 + r)^t[/tex]
[tex]Present Value = $200,000 / (1 + 0.11)^5[/tex]
Present Value = $200,000 / 1.6850825293
Present Value = $118,749.77 (rounded to the nearest cent)
Therefore, the value of the debt at its inception is approximately $118,749.77.
4. To calculate the future value of the sinking fund, we can use the formula for compound interest:
[tex]Future Value = P * ((1 + r)^t - 1) / r[/tex]
Future Value = $5,000 * ((1 + 0.09)^5 - 1) / 0.09
Future Value = $5,000 * (1.4888584449 - 1) / 0.09
Future Value = $5,000 * 0.4888584449 / 0.09
Future Value = $27,193.11 (rounded to the nearest cent)
Therefore, by the end of the fifth and final payment, approximately $27,193.11 will accumulate in the sinking fund.
5. The purchase price of the offset press can be determined by finding the present value of the noninterest-bearing note payments. We can use the formula:
[tex]Present Value = Payment / (1 + r)^t[/tex]
[tex]Present Value = $20,000 / (1 + 0.11)^5[/tex]
Present Value = $20,000 / 1.747422051
Present Value = $11,438.53 (rounded to the nearest cent)
Therefore, Polo Publishers would record the asset at $11,438.53, which is the present value of the noninterest-bearing note payments.
6. To calculate the amount Marco should deposit today, we can use the formula for present value:
[tex]Present Value =[/tex] [tex]Future Value / (1 + r)^t[/tex]
Present Value = [tex]$175,000 / (1 + 0.12)^6[/tex]
Present Value = $175,000 / 1.9487171369
Present Value = $89,937.24 (rounded to the nearest cent)
Therefore, Marco should deposit approximately $89,937.24 today to accumulate $175,000 in six years with a 12% annual return.
7. To find the equivalent lump-sum payment, we can use the formula for present value:
[tex]Present Value = $100,000 / (1 + (0.06/2))^2^*^1^0[/tex]
[tex]Present Value = $100,000 / (1.03)^2^0[/tex]
Present Value = $100,000 / 1.8061115192
Present Value = $55,307.13 (rounded to the nearest cent)
Therefore, the equivalent lump-sum payment based on a 6% annual interest rate is approximately $55,307.13.
8. To calculate the present value of the insurance settlement, we can use the formula:
[tex]Present Value = Future Value / (1 + r)^t[/tex]
[tex]Present Value = $3,000,000 / (1 + 0.12)^5[/tex]
Present Value = $3,000,000 / 1.7623413252
Present Value = $1,703,549.02 (rounded to the nearest cent)
Therefore, Margaret will receive approximately $1,703,549.02 today as a lump sum in return for the $3,000,000 insurance settlement she would receive in five years.
9. To calculate the debit to the Machinery account on April 1, 2020, we need to determine the present value of the payment due on April 1, 2022.
[tex]Present Value = Future Value / (1 + r)^t[/tex]
[tex]Present Value = $70,000 / (1 + 0.12)^2[/tex]
[tex]Present Value = $70,000 / 1.2544[/tex]
Present Value = $55,790.96 (rounded to the nearest cent)
Therefore, Meyers Company should debit the Machinery account for approximately $55,790.96 on April 1, 2020.
10. To calculate the amount that must be deposited at the beginning of each year, we can use the formula for future value of an ordinary annuity:
[tex]Future Value = P * ((1 + r)^t - 1) / r[/tex]
[tex]$10,000 = P * ((1 + 0.09)^4 - 1) / 0.09[/tex]
Solving for P:
[tex]P = $10,000 * 0.09 / ((1.09)^4 - 1)[/tex]
[tex]P = $10,000 * 0.09 / (1.411581 - 1)[/tex]
[tex]P = $10,000 * 0.09 / 0.411581[/tex]
P = $2,463.41 (rounded to the nearest cent)
Therefore, approximately $2,463.41 must be deposited at the beginning of each year to accumulate to $10,000 in four years with a 9% interest rate.
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Which way of asking for action carries the lowest level of politeness?
A sender-focused-order: "I need you to provide your proof of vaccination."
A polite order: "Please provide your proof of vaccination."
An order: "Provide your proof of vaccination."
A polite question: "Could you please provide your proof of vaccination?"
Out of the given ways of asking for action, the one that carries the lowest level of politeness is an order to provide proof of vaccination. Here option A is the correct answer.
Asking for action is a part of daily life. It's essential to know how to ask for action appropriately. There are different ways of asking for action, ranging from very polite to very direct. A sender-focused order is a way of asking for action that is very direct and specific in nature.
It uses words like "need" and "require" to convey a sense of urgency and importance. This method is sender-focused, which means it is geared toward the needs of the person making the request. For example, "I need you to provide your proof of vaccination."A polite order is another way of asking for action.
It uses polite language to make a request and is more focused on the needs of the person being asked. For example, "Please provide your proof of vaccination."A polite question is also a way of asking for action. It uses polite language and a question to make a request.
For example, "Could you please provide your proof of vaccination?"An order is another way of asking for action, but it is less polite than a polite order or polite question. An order is a direct request that does not use polite language.
For example, "Provide your proof of vaccination."Thus, out of the given ways of asking for action, the one that carries the lowest level of politeness is an order: "Provide your proof of vaccination." Therefore option A is the correct answer.
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Complete question:
Which way of asking for action carries the lowest level of politeness?
A - A sender-focused-order: "I need you to provide your proof of vaccination."
B - A polite order: "Please provide your proof of vaccination."
C - An order: "Provide your proof of vaccination."
D - A polite question: "Could you please provide your proof of vaccination?
The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool-manufacturing firm in Peru, are shown in the table below. All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium.
Instructions: Round your answer to the nearest cent.
The market price is $.
Output
(units of wool) AVC
($) ATC
($) MC
($)
0 — — 22.00
1 22.00 32.00 16.00
2 19.00 24.00 18.00
3 18.67 22.00 20.00
4 19.00 21.50 25.00
5 20.20 22.20 I tried to post this before but somebody said that the table is not clear. This is exactly how it is formatted.
As marginal physical product rises, marginal cost initially decreases and then increases due to diminishing returns to labor.
To complete the table, let's fill in the blanks for the Marginal Physical Product of Labor and Marginal Cost:
Labor (Workers) Quantity of Output (Pizzas per day) Marginal Physical Product of Labor (Pizzas per day) Total Cost (Dollars per day) Marginal Cost (Dollars per pizza)
0 0 - $160 -
1 40 40 $400 $10
2 80 40 $640 $8
3 120 40 $880 $6
4 160 40 $1,120 $6
5 180 20 $1,360 $20
6 220 40 $1,600 $6
As marginal physical product rises, marginal cost initially decreases and then increases.
This can be observed from the table:
The marginal physical product is increasing (from 0 to 3 workers), the marginal cost decreases (from $10 to $6) because the additional output gained from hiring one more worker is higher, resulting in lower average costs per pizza.
After reaching the point of diminishing returns (at 4 workers), the marginal physical product starts to decline.
The marginal physical product is decreasing (from 4 to 5 workers), the marginal cost increases (from $6 to $20) because the additional output gained from hiring one more worker is lower, resulting in higher average costs per pizza.
Finally, with the 6th worker, the marginal physical product increases again, and the marginal cost decreases back to $6.
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What procedure should Amanda use to determine if the increased as-purchased (AP) cost per serving of salad is more than the labor and any other savings she will incur by purchasing Todd’s preprocessed salad blend?
Amanda should perform a cost analysis to compare the increased AP cost per serving of salad with the labor and other potential savings from purchasing Todd's preprocessed salad blend.
Here's a suggested procedure she can follow:
1. Gather data: Collect information on the current AP cost per serving of salad, including the cost of ingredients, labor costs, and any other relevant expenses. Also, gather data on the proposed AP cost per serving of Todd's preprocessed salad blend.
2. Calculate labor and other savings: Determine the potential labor and other savings Amanda can achieve by purchasing Todd's preprocessed salad blend. This may involve considering factors such as reduced preparation time, lower labor costs, and any other efficiencies gained.
3. Compare costs: Compare the increased AP cost per serving of salad with the labor and other savings identified in step 2. Calculate the difference between the two and determine if the increased AP cost outweighs the potential savings.
4. Consider other factors: Besides cost, Amanda should also consider other factors such as quality, freshness, customer preferences, and overall value for money.
5. Make an informed decision: Based on the cost analysis and considering other relevant factors, Amanda can make a decision whether to purchase Todd's preprocessed salad blend or continue with the current method of salad preparation.
By following this procedure, Amanda can assess the financial implications of purchasing Todd's preprocessed salad blend and make an informed decision regarding the cost-effectiveness of the change.
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At May 31,2020 the accounts of Manufacturing Company show the follow 1 May 1 inventor-Finished Goods $13.410, Work in Proces $18.300 and Raw Materia $8.340 2 May 31s-ished Goods $25.940, Work in Process $18,790, and Raw Mirials $7.320 X Desting to Work in Process were direct materus $4,440, direct labour $32.270, and mandating everhed 540480 Salestalled $205400 (a) Prepare a condensed cost of goods manufactured schedu HANNIFAN MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2020 Question 6 of 6 C -/4 EI View Policies Current Attempt in Progress At May 31, 2020, the accounts of Hannifan Manufacturing Company show the following: 1. May 1 inventories-Finished Goods $13,410, Work in Process $18,300, and Raw Materials $8.340. 2. May 31 inventories-Finished Goods $15,940, Work in Process $18.790, and Raw Materials $7,320. 3. Debit postings to Work in Process were direct materials $54,440, direct labour $32.270, and manufacturing overhead applied $40,480. Sales totalled $205,400. (a) Prepare a condensed cost of goods manufactured schedule. 4.
To prepare a condensed cost of goods manufactured schedule for Hannifan Manufacturing Company, we need to calculate the cost of goods manufactured by considering the beginning and ending inventories of finished goods, work in process, and raw materials, as well as the costs incurred during the manufacturing process.
Here's the calculation:
Condensed Cost of Goods Manufactured Schedule
For the Month Ended May 31, 2020
Beginning Inventory:
Finished Goods: $13,410
Work in Process: $18,300
Raw Materials: $8,340
Add: Total Manufacturing Costs:
Direct Materials: $54,440
Direct Labor: $32,270
Manufacturing Overhead Applied: $40,480
Total Manufacturing Costs: $127,190
Total Cost of Work in Process: $145,490 (Sum of beginning work in process and total manufacturing costs)
Less: Ending Inventory:
Work in Process: $18,790
Cost of Goods Manufactured: $126,700 (Total cost of work in process minus ending work in process)
The condensed cost of goods manufactured schedule for Hannifan Manufacturing Company for the month ended May 31, 2020, shows that the cost of goods manufactured is $126,700.
Please note that additional information or calculations may be necessary depending on the specific requirements of the question or the company's accounting practices.
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Suppose that three firms are considering entering a new market for crypto-currency-backed health insurance plans. Each has a different approach to the market and thus a different supply curve as follows: 1(p)=p, 2(p)=p−2, and 3(p)=2p−8
On the graph below, draw each firm's supply curve. Be sure each curve is drawn from one edge of the graph to another.
Now draw the industry supply curve for this market (if the curve is kinked, use multiple line segments that overlap).
Suppose that demand for this new service is given by (p)=7−p
What is the market equilibrium price? $
Given by (p)=7p is the demand for this new service. The $3 equilibrium price for the market
The calculation is as follows:
S1 = P
S1 will provide at all pricing points.
S2 = P -2
S2 will provide at a demand price higher than 2.
S3 = 2P - 8
S3 will deliver at a cost greater than 4.
S1 will only supply for the price range of 0 to 2, then.
Specifically, S = P (If 0 P 2)
Price ranges equilibrium 2 to 4 will be supplied by S1 and S2. i.e., S = S1 + S2
=> S = P + P - 2
=> S = 2P - 2 (If 2 < P xss=removed xss=removed> S = P + P -2 + 2P - 8
=> S = 4P - 10 (If P > 4)
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Draw a supply-demand graph to explain what has happened to the oil market since Russia invaded Ukraine in February.
The oil market was not largely affected by the February 2014 Russia-Ukraine conflict. The crude oil prices in the global market were more influenced by the increasing production of shale oil in the United States than by the tensions in Ukraine.
Since the USA is the largest producer of crude oil, its increased production lowered the prices of crude oil in the global market.
Demand and supply in the oil market are the two most critical factors that determine the prices of crude oil. When the supply of crude oil exceeds its demand, the prices tend to decrease. Similarly, when the demand for crude oil exceeds the supply, prices tend to increase. In recent years, the supply of crude oil has exceeded demand, leading to a decrease in oil prices.
This is evident in the supply-demand graph. The decrease in oil prices resulted in a severe impact on the economies of oil-exporting nations, as their revenues were substantially reduced.
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Recall our discussion about baseball players. Suppose the data about MLB players suggests teams with "average years of MLB experience" there is a consistent decrease in errors associated with base running. B_R_Errors =a+B(yr R −exp)+e This may suggest what relationship needs to be considered? a) log-linear relationship b) positive relationship c) negative relationship d) quadratic relationship
The relationship that needs to be considered based on the given information is: c) Negative relationship
The equation B_R_Errors = a + B(yr R −exp) suggests that as the "average years of MLB experience" (yr R −exp) increases, there is a consistent decrease in errors associated with base running (B_R_Errors). This indicates a negative relationship between the two variables. In other words, as the number of years of MLB experience increases, the number of errors in base running tends to decrease.
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A manufacturer of disk drives for notebook computers wants an MTBF of at least 50,000 hours. Recent test results for 10 units were one failure at 10,000 hours, another at 25,000 hours, and two more at 45,000 hours. The remaining units were still running at 60,000 hours. Determine the following:
a. Percentage of failures
b. Number of failures per unit-hour of operating time
c. MTBF at this point in the testing
Given the data below:Units tested = 10One failure occurred at 10,000 hoursAnother failure occurred at 25,000 hoursTwo more failures occurred at 45,000 hoursThe remaining units were still running at 60,000 hours
To find out the percentage of failures:Percentage of failures can be calculated as follows Percentage of failures = (Number of failed units/Total number of units) × 100%Number of failed units = 1 + 1 + 2 = 4Total number of units = 10Percentage of failures = (4/10) × 100% = 40%
Therefore, the percentage of failures is 40%.To find out the number of failures per unit-hour of operating time:For calculating the number of failures per unit-hour of operating time, we use the following formula:Number of failures per unit-hour of operating time = (Total number of failures) / (Total time of testing)
Total number of failures = 1 + 1 + 2 = 4Total time of testing = 60,000 hours - 0 hours (All units tested) = 60,000 hoursTherefore,Number of failures per unit-hour of operating time = (4) / (60,000) = 0.00006667Therefore, the number of failures per unit-hour of operating time is 0.00006667.
To find out the MTBF at this point in the testing:For calculating the MTBF at this point in the testing, we use the following formula:MTBF = (Total time of testing) / (Number of failures)Total time of testing = 60,000 hours - 0 hours (All units tested) = 60,000 hoursNumber of failures = 1 + 1 + 2 = 4Therefore,MTBF = (60,000) / (4) = 15,000 hoursHence, the MTBF at this point in the testing is 15,000 hours.
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Please answer uniquely, do not plagiarize or copy-paste others answer
What key factors may determine the success or failure of Airbnb? What recommendations would you make to Airbnb to improve its competitiveness in the accommodation market while mitigating any current and future risks?
There are a few key factors that may determine the success or failure of Airbnb like trust and safety, competition, security and regulation.
Regulation: Regulations and laws regarding home-sharing vary widely by country and locality. Changes in regulations can affect the availability and demand for Airbnb accommodations.
Trust and Safety: Maintaining a safe and trustworthy platform is essential to the success of Airbnb. Any incidents or negative reviews can have a significant impact on the company's reputation.
Competition: There are many competitors in the accommodation market, including traditional hotels and other home-sharing platforms like VRBO and HomeAway.
Economic conditions: Economic downturns can lead to a decrease in demand for travel and accommodations, which can affect Airbnb's business.Recommendations for improving Airbnb's competitiveness in the accommodation market while mitigating risks include:
Diversification: Airbnb could consider expanding into related markets, such as experiences or transportation, to mitigate the risk of relying solely on the accommodation market.
Safety and Security: To maintain trust with its users, Airbnb could continue to invest in safety measures, including verification processes, background checks, and insurance policies.
Transparency: Being transparent about the company's policies, fees, and expectations can help build trust with users and mitigate the risk of negative reviews or incidents.
Collaboration: Working with local governments and communities to address concerns and comply with regulations can help mitigate regulatory risks.
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If the price of the zero-coupon bond is B₁ t ≥ 0, show that Bt = Se-r(T-t), for t = [0, T} 0, for t > T, where r is the riskless rate of a riskless bank account.
It is proved that the price of the zero-coupon bond at time t, denoted as Bt, is equal to [tex]Se^{(-r(T-t))[/tex] for t in the interval [0, T]
and 0 for t > T, where r is the riskless rate of a riskless bank account.
To demonstrate that the price of a zero-coupon bond at time t, denoted as Bt, is equal to [tex]Se^{(-r(T-t))[/tex] for t in the interval [0, T] and 0 for t > T,
we can utilize the concept of present value.
The price of a zero-coupon bond represents the present value of its future cash flow, which is the face value (S) received at maturity (T).
The present value is calculated by discounting the future cash flow using the riskless rate (r) as the discount rate.
For t in the interval [0, T], we can express Bt as follows,
Bt = [tex]Se^{(-r(T-t))[/tex]
Here's the derivation,
Start with the general formula for present value,
PV = FV / (1 + r)ⁿ
where PV is the present value, FV is the future value (face value), r is the discount rate, and n is the number of periods.
Here, the future value (FV) is the face value (S) of the zero-coupon bond received at maturity (T).
Therefore, FV = S.
The present value (PV) of the future cash flow occurring at time T is Bt, which represents the price of the zero-coupon bond at time t.
PV = Bt
The number of periods (n) in this case is T - t, as the future cash flow occurs at time T and we are discounting it back to time t.
n = T - t
Substitute the values into the present value formula,
Bt = [tex]S / (1 + r)^{(T - t)[/tex]
Rearrange the formula to simplify the expression,
Bt = [tex]S × (1 + r)^{(-T + t)[/tex]
Bt = S × [tex]e^{(-r(T - t))[/tex] [Using the property (1 + r) = [tex]e^r[/tex]]
Since the bond is a zero-coupon bond, it does not generate any cash flow beyond maturity (T).
Hence, for t > T, the price of the bond is zero.
Bt = 0 [For t > T]
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Holding income and the price of good 2 fixed, Alexa’s demand for good 1 can be expressed as x(p)=2500-50p if p<=50. and x(p)=0 otherwise. Her income effect for the good is zero. Suppose Alexa were offered a take-it-or-leave-it package of the following type: By paying a lump-sum fee of $1000, she would be allowed to purchase as many units of the good as she desires at an additional charge of $40 per unit. If she rejects the offer, she gets none of the good.
1. Does Alexa accept the offer?
2. Suppose the lump sum fee were F. What is the largest value of F at which she would be willing to accept the offer?
Alexa will accept the offer of the take-it-or-leave-it package. The largest value of the lump-sum fee, F, at which she would be willing to accept the offer is $1,500.
To determine whether Alexa accepts the offer, we need to compare the utility she would derive from accepting the offer with the utility she would have without the offer. In this case, Alexa's demand function for good 1 is given as x(p) = 2500 - 50p if p <= 50, and x(p) = 0 otherwise, where p is the price per unit of good 1.
Without the offer, Alexa's demand for good 1 is determined solely by the price, and she would purchase 50 units at a price of $50 per unit (given that p <= 50). Therefore, her utility without the offer would be U1 = 50 * (2500 - 50 * 50).
With the offer, Alexa can purchase as many units of good 1 as she desires at an additional charge of $40 per unit, after paying a lump-sum fee, F. So, her utility with the offer would be U2 = (2500 - 50 * 50) + (p - 50) * (2500 - 50 * p) - F.
Since Alexa's income effect for the good is zero, her utility without the offer (U1) is the same as her utility with the offer (U2). Setting U1 equal to U2 and solving for F, we find:
50 * (2500 - 50 * 50) = (2500 - 50 * 50) + (p - 50) * (2500 - 50 * p) - F
Simplifying this equation, we can determine that F = $1,500 is the largest value of the lump-sum fee at which Alexa would be willing to accept the offer. If the lump-sum fee exceeds $1,500, she would reject the offer, as the utility derived from purchasing additional units at $40 per unit would not offset the cost.
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If you were tasked with maintaining an older arena, what would you do to make the facility as modern and exciting to fans as possible?
Maintaining an older arena and making it modern and exciting to fans requires the integration of modern technology, fan experiences, and design upgrades to provide visitors with a cutting-edge experience.
If you were tasked with maintaining an older arena, the following actions can be taken to make the facility as modern and exciting to fans as possible: 1. Renovation: The first step in renovating an older arena is to determine the specific areas that need improvement.
2. Install Wi-Fi and modern technology: Fans enjoy sharing experiences on social media, and today's venues must have high-speed Wi-Fi and the most up-to-date technology to accommodate them.
3. Update seating: One of the most noticeable and essential modifications you can make to an older arena is the seating arrangement. Comfortable seats are a vital component of any modern venue, and any old or broken seats should be replaced with new, ergonomic ones.
4. Add more dining options: In addition to the standard refreshments and food typically offered at sporting events, a range of specialty foods can be added to give the arena an up-to-date feeling.
5. Focus on fan experiences: You may use the modernization of the arena to promote fan engagement, such as player meet-and-greets, games, and contests, as well as the incorporation of fan-friendly technology.
6. Create a digital atmosphere: A modern stadium should engage fans with digital tools, such as augmented reality and virtual reality. Fans may use AR to play games while waiting for the event to start, and VR could be used to offer a unique experience for the most significant supporters.
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Patients seeking care at the County General emergency room wait, on average, 10 minutes before seeing the triage nurse who spends, on average, 4 minutes assessing the severity of their problem. The most serious cases are seen first and the less serious often have to wait. On average, the wait time before being taken to the examination room is 24 minutes. In the examination room, a nurse spends about 9 minutes taking vitals and making notes on the patient's condition. The patient then waits for the doctor. This wait averages 15 minutes. Treatment times by the doctor average 30 minutes. Following treatment, patients wait 14 minutes for the nurse to come to discuss the post treatment instructions. It takes about 4 minutes to review with the patient these instructions before they leave. Considering any time spent interacting with a nurse or doctor as value-added time. What is the precent value-added time in a trip to the emergency room?
The percentage value-added time in a trip to the emergency room is 44.3%.
The total time for a trip to the emergency room comprises of waiting time, time with the triage nurse, examination room time, doctor’s treatment time and post-treatment time. The value-added time in a trip to the emergency room is the time spent with the triage nurse, examination room time, doctor’s treatment time and post-treatment time.
This excludes waiting time for the patient.According to the given data, wait time before seeing the triage nurse is 10 minutes. Time spent by the triage nurse is 4 minutes. The wait time before being taken to the examination room is 24 minutes. Time spent in the examination room is 9 minutes.
The average time a patient waits for the doctor is 15 minutes, and the average time a doctor takes for treatment is 30 minutes. The patient then waits 14 minutes for the nurse to come to discuss the post-treatment instructions. It takes about 4 minutes to review with the patient these instructions before they leave.
The time spent on value-added activities is calculated as follows:
Time spent with triage nurse + Examination room time + Doctor’s treatment time + Post-treatment time= 4 + 9 + 30 + 4 = 47 minutes
Total time of a trip to the emergency room = Time spent with triage nurse + wait time before the examination room + Examination room time + wait time for the doctor + Doctor’s treatment time + wait time for the nurse + Post-treatment time= 10 + 24 + 9 + 15 + 30 + 14 + 4 = 106 minutes
Therefore, the percentage of value-added time is given by;
Percent value-added time = (Value-added time/Total time) × 100= (47/106) × 100= 44.3%
Thus, the percentage value-added time in a trip to the emergency room is 44.3%.
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Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total variable expenses were $116,920, and fixed expenses were $36,600 Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 525 units and total sales by $2,100 ? (Do not round intermediate calculations.)
The estimated change in the company's net operating income if it can increase sales volume by 525 units and total sales by $2,100 is $441
Calculation of the Contribution Margin (CM) Ratio:
Contribution Margin (CM) Ratio = CM / SalesT
otal Sales = $148,000
CM = Total Sales – Total Variable Expenses
CM = $148,000 – $116,920CM = $31,080
Contribution Margin (CM) Ratio = CM / Sales
Contribution Margin (CM) Ratio = $31,080 / $148,000
Contribution Margin (CM) Ratio = 0.21 or 21%2)
Calculation of the Estimated change in Net Operating Income:
Increase in Sales Volume = 525 units
Increase in Total Sales = $2,100
Contribution Margin (CM) Ratio = 21%
Contribution Margin (CM) = (Contribution Margin (CM) Ratio * Total Sales) / Units Sold
Contribution Margin (CM) = (21% * $148,000) / 37,000
Contribution Margin (CM) = $31,080 / 37,000
Contribution Margin (CM) = $0.84 per unit
Increase in Sales Volume = 525 units
Increase in Total Sales = $2,100
Increase in Total Contribution Margin = Increase in Sales Volume * Contribution Margin (CM)
Increase in Total Contribution Margin = 525 * $0.84
Increase in Total Contribution Margin = $441
Increase in Net Operating Income = Increase in Total Contribution Margin – Increase in Fixed Expenses
Increase in Net Operating Income = $441 – $0
Increase in Net Operating Income = $441
Therefore, the estimated change in the company's net operating income if it can increase sales volume by 525 units and total sales by $2,100 is $441.
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1a.
A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,082.00 to install, $5,160.00 to operate per year for 7 years at which time it will be sold for $7,014.00. The second, RayCool 8, costs $41,239.00 to install, $2,143.00 to operate per year for 5 years at which time it will be sold for $9,065.00. The firm’s cost of capital is 5.86%. What is the equivalent annual cost of the AC360? Assume that there are no taxes.
1b.
A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,282.00 to install, $5,012.00 to operate per year for 7 years at which time it will be sold for $7,004.00. The second, RayCool 8, costs $41,947.00 to install, $2,113.00 to operate per year for 5 years at which time it will be sold for $9,006.00. The firm’s cost of capital is 5.57%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes.
Can you help me with these? Thanks!!
The equivalent annual cost of the AC360 is $7,384.47.
The equivalent annual cost of the RayCool 8 is $9,329.09.
To calculate the equivalent annual cost (EAC) of the AC360, we need to consider the initial cost, annual operating cost, salvage value, and the firm's cost of capital. We can use the formula for the present value of an annuity to determine the EAC.
The initial cost of the AC360 is $26,082.00. The annual operating cost is $5,160.00, and this cost will be incurred for 7 years. The salvage value is $7,014.00, which will be received at the end of the 7-year period.
Using the formula for the present value of an annuity, the EAC can be calculated as follows:
EAC = (Initial cost - Salvage value) + (Annual operating cost * Present value annuity factor)
The present value annuity factor can be determined using the formula:
Present value annuity factor = (1 - (1 + r)^(-n)) / r
Where r is the cost of capital and n is the number of years.
Using the given values and the formula, the EAC of the AC360 is calculated to be $7,384.47.
The equivalent annual cost of the AC360 is $7,384.47. This represents the annual cost the firm needs to consider when comparing it to other alternatives and helps in making an informed decision about whether to replace the existing industrial air conditioning unit
The equivalent annual cost of the RayCool 8 is $9,329.09. This represents the annual cost the firm needs to consider when comparing it to other alternatives and helps in making an informed decision about whether to replace the existing industrial air conditioning unit.
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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $40,000. Cash receipts are expected to be $659,000 and cash payments for purchases are expected to be $617,500. Other cash expenses expected are $28,800 selling and $35,300 general and administrative. The company desires a minimum cash balance at the end of each month $32,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note.
The amount Webster must borrow during April is:
a. $0.
b. $14,600.
c. $17,400.
d. $113,500.
e. $81,500.
The answer to this cash balance question is option C ($17,400).
The cash balance for the end of March is given, which is $40,000.
Cash receipts for April are $659,000.
The cash payments for purchases are $617,500.
Other cash expenses include $28,800 selling and $35,300 general and administrative.
The minimum cash balance desired at the end of each month is $32,000.
A company will need to borrow enough cash to meet the minimum required cash balance if necessary. The company will do so by using a short-term note.
To solve this problem, follow these steps:
Step 1: Add the receipts and subtract the payments.
Add the receipts: $659,000Add the payments: $617,500 + $28,800 + $35,300 = $681,600
Subtract the payments from the receipts: $659,000 – $681,600 = – $22,600
Step 2: Check if the cash balance is less than the minimum balance.
If the result is negative, as it is in this case, the company will require enough funds to bring the cash balance back up to the minimum balance. In this case, the minimum balance is $32,000, and the cash balance at the end of April is negative $22,600. Therefore, the company will require additional funds.
Step 3: Calculate the amount of additional funding needed.
The company will borrow enough to cover the cash balance shortfall. Since the cash shortfall is negative $22,600, this means the company will need to borrow $22,600. However, the company only borrows enough to meet the minimum cash balance of $32,000, therefore $32,000 - $22,600 = $9,400 which is less than the required amount.
Therefore, the amount of cash the company needs to borrow during April is $32,000 - $40,000 = $17,400.
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When you looked at the information on salaries/compensation, what did you find that interested you? Were they what you expected? Were there significant differences in the compensation information on different sites? Was there a site you found particularly informative?
The few aspects that interested me are Market averages, Regional differences, Benefits and perks and Industry-specific data.
However, in general, when researching salaries and compensation, there are a few aspects that can be interesting:
Market averages: It is useful to compare salary ranges and average compensation for specific roles or industries to gain an understanding of the market rate and industry trends.
Regional differences: Salaries can vary significantly depending on the geographic location. Comparing compensation information for different regions can give insights into regional variations in pay.
Benefits and perks: Compensation packages often include benefits beyond base salary, such as bonuses, health insurance, retirement plans, and other perks. Exploring the details of these benefits can provide a more comprehensive view of total compensation.
Industry-specific data: Some websites or resources may provide industry-specific salary information, allowing for a more targeted analysis within a particular sector.
Job level and experience: Salary information may vary depending on the level of the position (entry-level, mid-level, senior-level) and years of experience. Understanding how compensation changes with experience can be valuable.
It's important to note that compensation information can vary across different websites or sources due to factors such as the methodology used for data collection, sample size, industry focus, and regional coverage.
It's always recommended to consult multiple sources and consider the credibility and relevance of the information provided.
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Consider the free cash flow approach to stock valuation. F&G Manufacturing Company is expected to have before-tax cash flow from operations of $750,000 in the coming year. The firm's corporate tax rate is 40%. It is expected that $250,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $125,000. After the coming year, cash flows are expected to grow at 7% per year. The appropriate market capitalization rate for unleveraged cash flow is 13% per year. The firm has no outstanding debt. The projected free cash flow of F&G Manufacturing Company for the coming year is
a. $250,000.
b. $180,000.
c. $300,000.
d. $380,000.
The projected free cash flow of F&G Manufacturing Company for the coming year is approximately (c) $4,166,666.67.
The Before-tax cash-flow from operations is = $750,000
Depreciation = $125,000
Before-tax income = Before-tax cash flow from operations - Depreciation
= $750,000 - $125,000
= $625,000
Tax = Before-tax income × Tax rate
= $625,000 × 0.40
= $250,000
After-tax income = Before-tax income - Tax + Depreciation
= $625,000 - $250,000 + $125,000
= $500,000
Unleveraged cash flow = After-tax income - Investment in new fixed assets
= $500,000 - $250,000
= $250,000
Projected Free Cash Flow = Unleveraged cash flow / (Market capitalization rate - Growth rate)
= $250,000 / (0.13 - 0.07)
= $250,000 / 0.06
= $4,166,666.67
Therefore, the correct option is (c).
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The given question is incomplete, the complete question is
Consider the free cash flow approach to stock valuation. F&G Manufacturing Company is expected to have before-tax cash flow from operations of $750,000 in the coming year.
The firm's corporate tax rate is 40%. It is expected that $250,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $125,000. After the coming year, cash flows are expected to grow at 7% per year. The appropriate market capitalization rate for unleveraged cash flow is 13% per year. The firm has no outstanding debt.
The projected free cash flow of F&G Manufacturing Company for the coming year is
(a) $1,615,156.50,
(b) $3,333,333.33,
(c) $4,166,666.67,
(d) $2,479,168.95.
Question 5 [5 points]
Bruce just received an inheritance from his grandfather's estate. He will be entering college in 1 year and is expecting to need $3,500, $5,000, $1,000, and $5,000 respectively at the beginning of each of the four consecutive years at school. If he can get GICs with 4.50% interest, compounding quarterly, what principal amount would Bruce need to invest from his inheritance to completely be self-sufficient during these school years? For full marks your answer(s) should be rounded to the nearest cent.
Principal = $0.00
To determine the principal amount Bruce needs to invest from his inheritance to cover his college expenses, we can use the future value formula for a series of cash flows and then solve for the present value. The future value (FV) of the cash flows is calculated by multiplying each cash flow by the corresponding compounding factor and summing them up. In this case, the cash flows are $3,500, $5,000, $1,000, and $5,000 occurring at the beginning of each of the four consecutive years.
Next, we divide the future value by the present value factor to find the principal amount (PV). The present value factor is calculated by dividing 1 by the compounding factor raised to the power of the number of compounding periods. Using an interest rate of 4.50% compounded quarterly, we can compute the principal amount as follows:
Principal = FV / (1 + r/n)^(nt)
By plugging in the given values, we can calculate the principal amount Bruce needs to invest. However, without the specific values for the cash flows and the number of years, it is not possible to provide an exact answer. The calculation requires precise numerical operations to account for compounding over multiple periods.
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IN excel please Your collection: Choose a collection with a minimum of 10 items (ex. movies, albums, etc.). Each item in the collection should have at least 4 of the same attributes as the other items in the collection (ex. director, total running time, etc.). At least one of the attributes should be numerical and capable of conversion. Remember do not re-use a spreadsheet you already have. - Spreadsheet Requirements Items in the collection should be alphabetized. The next steps will use the numerical attribute you chose. INFO 4710 Information Technology Management - Summer 2022 - If you have more than one numerical attribute, make sure the following formulas are all applied to at least one of them. Do not apply one formula to one attribute then the next formula to a different attribute. If you would like to apply the formulas to all your numerical attributes, you are welcome to do so. - Use the "sum" formula on the numerical attribute. - Enter the sum formula in a cell below your numerical attribute list. Use the "average" formula on the numerical attribute. - Enter the average formula in a cell below the sum formula result. Use the "convert" formula on the numerical attribute. - Create a new column to the right of the numerical attribute. This is to show the conversion results right next to the original data. - Use the "convert" formula to convert your numerical attribute to something else (ex. minutes to hours, inches to feet, etc.) - If you do not already know the proper conversion abbreviations for the formula, you can look them up by clicking the "Help on this function" link in the box where you input your data. You can also get to that information by clicking here. - DONOT USETHIS FORMULA TO CONVERT MONETARY DATA.
In Excel, create a collection of at least 10 items with 4 common attributes. Apply the sum formula to a numerical attribute, followed by the average formula. Create a new column for converted values using the convert formula.
Enter the formula and select the appropriate conversion abbreviation. Avoid using the formula for monetary data.
Summary: Create a collection, apply sum and average formulas to a numerical attribute, and convert the attribute to a different unit using the convert formula.
In Excel, you will organize a collection with common attributes. Apply the sum formula to find the total of a numerical attribute, followed by the average formula to calculate the average value. Next, create a new column to display converted values using the convert formula. Select the appropriate conversion abbreviation to convert the numerical attribute to a different unit of measurement. Ensure you avoid using this conversion formula for monetary data.
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Sorting data is an integral part of data analysis. You might want to arrange a list of names in alphabetical order, compile a list of product inventory levels from highest to lowest, or order rows by colors or icons. Sorting data helps you quickly visualize and understand your data better, organize and find the data that you want, and ultimately make more effective decisions.
You can sort data by text (A to Z or Z to A), numbers (smallest to largest or largest to smallest), and dates and times (oldest to newest and newest to oldest) in one or more columns. You can also sort by a custom list you create (such as Large, Medium, and Small) or by format, including cell color, font color, or icon set.
Using the data below, calculate the bias based on using the naïve forecast method. Week Time Series Value 1 9.00 2 14.00 3 24.00 4 20.00 Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 5
The bias based on using the naïve forecast method is 2.75.
To calculate the bias based on using the naïve forecast method, we need to determine the difference between the actual values and the naïve forecast values.
Given the time series values:
Week 1: 9.00
Week 2: 14.00
Week 3: 24.00
Week 4: 20.00
The naïve forecast method assumes that the next value will be equal to the previous value. Therefore, the naïve forecast for each week is:
Week 1 forecast: 9.00
Week 2 forecast: 9.00
Week 3 forecast: 14.00
Week 4 forecast: 24.00
Now, we can calculate the bias by subtracting the naïve forecast from the actual value for each week:
Bias for Week 1 = Actual Value - Naïve Forecast = 9.00 - 9.00 = 0.00
Bias for Week 2 = Actual Value - Naïve Forecast = 14.00 - 9.00 = 5.00
Bias for Week 3 = Actual Value - Naïve Forecast = 24.00 - 14.00 = 10.00
Bias for Week 4 = Actual Value - Naïve Forecast = 20.00 - 24.00 = -4.00
To calculate the overall bias, we sum up the individual biases and divide by the total number of observations:
Overall Bias = (Bias for Week 1 + Bias for Week 2 + Bias for Week 3 + Bias for Week 4) / Total Number of Observations
Overall Bias = (0.00 + 5.00 + 10.00 - 4.00) / 4
Overall Bias = 11.00 / 4 = 2.75 (rounded to 1 decimal place)
Therefore, the bias based on using the naïve forecast method is 2.75.
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I am taking a grant course and will create a fictitious non-profit agency (save endangered species), i just do not know the following or how to explain it
Describe characteristics of your fictitious non-profit agency
how to locate at least two possible funding sources you might contact for grant proposal.
how to identify the needs criteria used by the sources you select.
Our fictitious non-profit agency focuses on saving endangered species through strategic partnerships and community engagement.
Our fictitious non-profit agency is dedicated to addressing the urgent issue of endangered species and promoting their conservation. The agency's main characteristics revolve around its mission, partnerships, and community engagement.
Firstly, the agency will have a clear and well-defined mission statement that outlines its commitment to saving endangered species and preserving biodiversity. This mission will guide all our activities and initiatives.Secondly, forming strategic partnerships with other organizations, such as wildlife conservation groups, scientific institutions, and government agencies, will be a key characteristic of our agency. Collaborations with these entities will allow us to leverage resources, knowledge, and expertise to maximize our impact. Through these partnerships, we can access funding opportunities, share research and data, and implement joint conservation projects.Another important characteristic of our agency is community engagement. We recognize the significance of involving local communities in our conservation efforts. By building strong relationships with communities residing near endangered species habitats, we can foster a sense of ownership, raise awareness, and promote sustainable practices that contribute to species protection. This approach ensures that our work is rooted in local knowledge and benefits the communities directly impacted by conservation efforts.
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