Which portion of an audit is least likely to be completed before the balance sheet date? a. test of controls b. issuance of an engagement letter c. substantive procedures d. assessment of control risk

Answers

Answer 1

The portion of an audit that is least likely to be completed before the balance sheet date is d. assessment of control risk.

This is because the assessment of control risk requires an understanding of the control environment and the effectiveness of internal controls, which typically requires observation over a period of time. The other options, such as issuance of an engagement letter and substantive procedures, can typically be completed earlier in the audit process.

It is important for auditors to have proper portion control of their workload and ensure that all necessary procedures are completed in a timely and effective manner to control risk and ensure accurate financial reporting.

Learn more about audit here:

https://brainly.com/question/29979411

#SPJ11


Related Questions

Due to multiple subjects of analysis sharing dimensions, the following occurs: A star schema is composed strictly of fact tables A dimensional model contains more than one fact table Some dimensions are eliminated All dimensions are reduced

Answers

The terms "dimensional" and "model" are key to understanding the question. When it comes to analyzing data, a dimensional model is often used to organize information into hierarchies or categories known as dimensions.

These dimensions can be shared across multiple subjects of analysis, which can lead to some changes in the overall structure of the model.

In the case of the given scenario, it appears that some dimensions are being eliminated and all dimensions are being reduced. This could be because multiple subjects of analysis are sharing the same dimensions, which may require some streamlining to avoid redundancy and ensure accuracy.

However, it's important to note that this reduction and elimination of dimensions is not necessarily a bad thing. It may be necessary to create a more streamlined and efficient model that can be used to effectively analyze data across multiple subjects. Additionally, while a star schema is composed strictly of fact tables, a dimensional model can contain more than one fact table, which can further enhance the ability to analyze data from multiple perspectives.

Learn more about Dimension Model :- https://brainly.com/question/30634738

#SPJ11

what can a manger do if a break-even analysis indicates that a venture will lose money?

Answers

If a break-even analysis indicates that a venture will lose money, a manager can take several steps to mitigate the situation.

First, they can look for ways to reduce costs, such as cutting back on expenses or renegotiating contracts with suppliers. They can also explore ways to increase revenue, such as adjusting prices, expanding the product or service offerings, or targeting new markets. Additionally, they can assess whether the venture is viable in the long-term and consider the option of shutting it down if it is not profitable. Ultimately, the manager will need to make strategic decisions based on the specific circumstances of the venture to ensure its financial health and success.

Learn more bout markets here:

https://brainly.com/question/31179706

#SPJ11

Veronique Inque has 40,000 physical units to be accounted for. Total conversion costs are $158,000. At the end of the month, there are 1.000 units in work in process ending inventory which are 50% complete as to conversion costs. What is the unit conversion cost?
A. $3.95
B. $3.85
C. $7.90
D. $4.00

Answers

The unit conversion cost can be calculated by taking the total conversion costs of $158,000 and dividing it by the total physical units of 40,000. This would yield a unit conversion cost of $3.95.

To calculate the work in process ending inventory, multiply the 1,000 units by the unit conversion cost of $3.95. This would give you a total of $3,950.

To calculate the conversion cost of the 1,000 units in work in process ending inventory, multiply the 50% complete as to conversion costs by the $3,950. This would yield a total of $1,975. Therefore, the unit conversion cost is $3.95.

When accounting for physical units, it is important to consider the total conversion costs as well as the work in process ending inventory. By calculating the unit conversion cost, you can better understand the full cost of the physical units and can make accurate financial decisions. By understanding the conversion cost of the physical units, a business can make sure they are accurately accounting for the full cost of their products.

Know more about conversion cost here

https://brainly.com/question/14619798#

#SPJ11

An advantage of the establishment survey over the household survey of the labor market is that the establishment survey:
A) includes persons employed at newly opened firms.
B) includes the number of self-employed persons.
C) is based on actual payrolls rather than on unverified answers.
D) provides an estimate of the number of persons unemployed.

Answers

The establishment survey has the following advantages over the household survey of the labour market: it offers an estimate of the number of jobless people. Option D is Correct.

Detailed information on the employment, hours, and wages of employees on payrolls is available through business establishment surveys. Establishment surveys may offer precise information by industry and occupation, which is essential to comprehending how employment are distributed across an economy.

There is no duplication of people in the home survey since everyone is only tallied once, regardless of how many jobs they have. Employees who perform several jobs and appear on multiple payrolls are tallied separately for each appearance in the establishment survey. Option D is Correct.

Learn more about labor market Visit: brainly.com/question/25715806

#SPJ4

consider the following cash flows and present-worth profile. net cash flows ($) year project 1 project 2 0 −$950 −$950 1 400 350 2 850 y 3 x 700

Answers

The values of x and y for are $457.91 and $364.23, respectively.To calculate the values of x and y, we need to use the formula for the present worth of a cash flow stream, which is:

PW = C0 + C1/(1+i)¹+ C2/(1+i)² + C3/(1+i)³ + ...

where PW is the present worth, C0 is the initial cash flow, C1, C2, and C3 are the cash flows in years 1, 2, and 3, respectively, and i is the interest rate.

For Project 1, using an interest rate of 10%, we can calculate the present worth as follows:

PW1 = -$950 + $400/(1+0.1)¹ + $850/(1+0.1)² + $700/(1+0.1)³

= -$950 + $363.64 + $702.48 + $535.18

= $651.3

For Project 2, using an interest rate of 10%, we can calculate the present worth as follows:

PW2 = -$950 + $350/(1+0.1)¹+ y/(1+0.1)²+ x/(1+0.1)³

To solve for y and x, we need two equations. We can use the cash flows in years 1 and 2 to set up two equations as follows:

$350/(1+0.1)¹ + y/(1+0.1)² = $400/(1+0.1)¹ + $850/(1+0.1)²

y/(1+0.1)² + x/(1+0.1)³= $700/(1+0.1)³

Simplifying these equations, we get:

0.8264y = 300.69

0.7513y + 0.7513x = 424.21

Solving for y in the first equation, we get:

y = $364.23

Substituting this value of y in the second equation and solving for x, we get:

x = $457.91

To know more about cash flow click here

brainly.com/question/14079005

#SPJ11

the sum of equipment depreciation charges at any point in time which, when subtracted from the initial cost of the equipment, gives its _______ value at that point. (1 point)

Answers

The total equipment depreciation costs at any given moment, which, when deducted from the equipment's starting cost, yields the equipment's book value at that time.

Book value refers to the net value of an asset that is reflected in a company's financial statements. It is calculated by subtracting the accumulated depreciation of the asset from its original cost.

Depreciation is the process by which the value of an asset is gradually reduced over time due to wear and tear, obsolescence, or other factors. Equipment depreciation charges are a way to account for the reduction in the value of equipment over its useful life.

To calculate the book value of the equipment at any point in time, the total accumulated depreciation charges up to that point are subtracted from the original cost of the equipment. This gives the net value of the equipment that is reflected in the company's financial statements.

To learn more about book value

https://brainly.com/question/29840067

#SPJ4

with respect to taxes imposed on limited liability companies, most states:_____.

Answers

The majority of states have a flexible tax system that gives LLCs the option to pick how they wish to be taxed when it comes to taxes placed on limited liability corporations (LLCs).

Specifically, LLCs can choose to be taxed as a pass-through entity or as a corporation. When an LLC is taxed as a pass-through entity, the company's profits and losses are passed through to its owners, who report them on their personal tax returns. This is the default tax status for most LLCs, and it's advantageous because it avoids double taxation of profits at both the company and individual levels.

However, some LLCs may choose to be taxed as a corporation to take advantage of certain tax benefits, such as lower tax rates on retained earnings. In this case, the LLC would be subject to corporate income tax on its profits, and its owners would also pay individual income tax on any dividends or other distributions they receive from the company.

To learn more about limited liability corporations

https://brainly.com/question/27786608

#SPJ4

Closed end funds are frequently issued at a ________ to NAV and subsequently trade at a ________ to NAV.premium; discountpremium; premiumdiscount; premiumdiscount; discountNo consistent relationship has been observed.

Answers

Closed-end funds are typically issued at a premium or discount to Net Asset Value (NAV) during their initial public offering (IPO) phase.

The premium or discount is usually determined by market demand and investor sentiment at the time of the IPO. Once the closed-end fund starts trading in the secondary market, its shares may continue to trade at either a premium or a discount to NAV. This can be influenced by various factors such as market conditions, investor sentiment, fund performance, and demand for the fund's shares. Therefore, closed-end funds can trade at either a premium or a discount to NAV, and there is no consistent relationship observed as it can vary over time and market conditions.

To know more about Net Asset  click here:

brainly.com/question/14800885

#SPJ11

keynesian economists argue that select one: a. unemployment only exists during periods of war in the economy. b. the natural rate of unemployment is zero. c. the natural rate of unemployment is below the actual rate. d. unemployment is a long-lasting phenomenon in the economy.

Answers

Keynesian economists argue that "unemployment is a long-lasting phenomenon in the economy". Therefore, option (d) is the correct answer.

Keynesian economics focuses on the role of government intervention in stabilizing the economy during economic downturns, and it argues that unemployment can persist even in the absence of war or other extreme conditions. According to Keynesian theory, recessions and periods of high unemployment can be caused by a lack of demand in the economy, and the government can use fiscal and monetary policies to stimulate demand and create jobs.

Keynesian economists also believe that the natural rate of unemployment is not zero, as there will always be some level of frictional and structural unemployment in the economy.

Lean more about Unemployment :

https://brainly.com/question/14227610

#SPJ4

assume that autonomous consumption equals $200 and that the mpc equals 0.8. if disposable income equals $1,000, then total consumption equals a. $80. b. $200. c. $800. d. $1,000.

Answers

The total consumption when autonomous consumption equals $200, the MPC equals 0.8, and disposable income equal $1,000. Autonomous consumption represents the basic amount of consumption that occurs regardless of income level.

To find the total consumption, we will use the following formula:
Total Consumption = Autonomous Consumption + (MPC x Disposable Income)

Step 1: Identify the given values:
- Autonomous Consumption = $200
- MPC = 0.8
- Disposable Income = $1,000

Step 2: Plug these values into the formula:
Total Consumption = $200 + (0.8 x $1,000)

Step 3: Calculate the MPC multiplied by Disposable Income:
0.8 x $1,000 = $800

Step 4: Add Autonomous Consumption to the calculated value:
Total Consumption = $200 + $800 = $1,000

Therefore, the total consumption equals $1,000 (option D). In this scenario, autonomous consumption represents the basic amount of consumption that occurs regardless of income level. The MPC, or marginal propensity to consume, shows the portion of additional income that is spent on consumption.

In this case, 80% (0.8) of the disposable income of $1,000 is used for consumption, resulting in total consumption of $1,000 when combined with the autonomous consumption of $200.

To know more about disposable income refer here:

https://brainly.com/question/30002018#

#SPJ11

farmco sold a tractor for $40,000 that they initially purchased for $30,000 cash from john deere. how is the $30,000 journalized?
Select an answer
a. as a credit to assets
b. as a liability
c. as revenue
d. as cost of goods sold

Answers

d. as cost of goods sold

The $30,000 cash paid by FarmCo to John Deere to purchase the tractor should be journalized as a cost of the tractor, specifically as an increase in the cost of goods sold (COGS) account. COGS represents the cost that the company paid to acquire the goods that it sold.

When FarmCo sold the tractor for $40,000, the journal entry would be a debit to Cash or Accounts Receivable (depending on whether it was sold for cash or on credit) for $40,000 and a credit to Revenue for $40,000. This entry would recognize the sale and the revenue earned from the sale of the tractor.

However, the cost of the tractor needs to be taken into account to calculate the profit on the sale. Since FarmCo paid $30,000 to purchase the tractor from John Deere, this amount should be subtracted from the revenue to calculate the profit.

Therefore, the cost of the tractor, or the $30,000, should be debited to the COGS account, which will reduce the gross profit and show the net profit earned from the sale.

The correct answer is (d) as cost of goods sold.

To learn more about gross profit, refer below:

https://brainly.com/question/18567528

#SPJ11

MaxTV's board of directors is re-assessing their company strategy. They take a look at their production function, which describes how a. MaxTV manages their inventory of electronic components, LED lights, and other parts used to manufacture their TVs. b. MaxTV uses electronic components, LED lights, labor and other inputs to produce televisions. c. MaxTV looks for new sources of electronic components. d. MaxTV negotiates contracts with their manufacturing employees.

Answers

MaxTV's board of directors is currently in the process of re-assessing their company strategy.

As a part of this process, they are taking a close look at their production function, which includes managing their inventory of electronic components, LED lights, and other parts used in the manufacturing of their televisions. Additionally, they are considering the inputs they use to produce their TVs, which include electronic components, LED lights, labor, and other factors.

The board is also exploring new sources of electronic components to ensure they have a reliable supply chain.

Finally, they are evaluating their current contracts with manufacturing employees to ensure they are fair and sustainable for both parties. therefor Option a is correct.

Learn more about strategy here:

https://brainly.com/question/15860574

#SPJ11

Feedback that produces the greatest improvement in performance and potentially produces the greatest learningâ¦
Varies depending on the expertise of the performer.
Affect, Behavior, & Cognitions
The study of human thought, emotion, and physical activity.
Knowledge of results-extrinsic feedback.

Answers

Feedback that produces the greatest improvement in performance and potentially produces the greatest learning varies depending on the expertise of the performer.

For novice performers, knowledge of results feedback, which provides information about their performance outcomes or results, can be particularly beneficial for improvement. As performers become more experienced, feedback that focuses on specific aspects of their technique or strategies can provide greater benefits. Additionally, feedback that considers the performer's affect, behavior and cognitions, such as their emotions actions and thoughts can help develop a deeper understanding of their performance and lead to more comprehensive and effective improvements.

Ultimately tailored and specific feedback that considers the performer level of expertise and focuses on relevant factors can provide the greatest benefits for performance improvement and learning.

To learn more about Feedback:

https://brainly.com/question/28271726

#SPJ4

. you are offered an investment that provides cash flows of $5,000 per year at the end of years 1 through 5 and $7,000 per year at the end of years 6 through 10. if the appropriate discount rate is 14%, what is the present value of the cash flows from the investment?

Answers

We'll start by determining the present value of the cash flows for years 1 through 5. As a result, the investment's present value of the cash flows is around $42,567.30.

Each cash flow must be discounted back to its present value before the sum of all the present values is calculated to get the present value of the investment's cash flows. Let's next determine the present value of the cash flows for years six through ten. The same formula may be used:

PV = [tex]((1 - (1 + r)^{-n} ) / r)[/tex]

Lastly, we can combine the present values of the cash flows from both periods to get the investment's overall present value:

In this case, C is $5,000, r is 14%, and n is 5.

PV(1-5) = $5,000 ×[tex]((1 - (1 + 0.14)^{-5} )[/tex]/ 0.14) ≈ $18,704.10

PV = C ×  [tex]((1 - (1 + r)^{-n} ) / r)[/tex]

In this case, C is $7,000, r is 14%, and n is 5.

PV(6-10) = $7,000 ×  [tex]((1 - (1 + 0.14)^{-5} )[/tex] /  0.14) ≈ $23,863.20

PV = PV(1-5) + PV(6-10) ≈ $18,704.10 + $23,863.20

= $42,567.30

Learn more about investment Visit: brainly.com/question/29547577

#SPJ4

In the demand for agricultural products have failed to keep pace with technologically created increases in the supply of said products are called:_______

Answers

The demand for agricultural products has failed to keep pace with technologically created gains in the collection of said products called an agricultural surplus.

An agricultural excess occurs when the supply of agricultural developments surpasses the market for them, directing to a surplus of crops. This can result in lower expenses for farmers and problems in selling their products, as well as probable environmental and social impacts.

An agricultural production that surpasses the demands of the community for which it is being created, and may be shipped or reserved for future times. Medium and large agriculturalists sell the excess produce to need and have good returns.

To learn more about Agricultural surplus

https://brainly.com/question/17800087

#SPJ4

strategy is one in which a company emphasizes on serving the needs of a narrowly defined market segment by being the low-cost leader, differentiating its product, or both.

Answers

A focused strategy targets a specific market segment by offering low-cost products or differentiated offerings to gain a competitive advantage.

A focused strategy is a company plan that focuses on satisfying the needs of a certain market niche. This strategy is frequently accomplished by dominating the market for the lowest prices or by offering a good or service that is vastly different from what is being offered by rivals.

Companies may more effectively understand the demands of their clients and design their services to fit those needs by concentrating on a certain market niche. Increased client loyalty, larger profit margins, and a stronger competitive edge in the target market are all possible results of this.

Learn more about focused strategy:

https://brainly.com/question/29434556

#SPJ4

Off-shoring initiatives based on cost savings sacrifice revenue opportunities because companies are hesitant to make big change.
a. True
b. False

Answers

The statement "Off-shoring initiatives based on cost savings sacrifice revenue opportunities because companies are hesitant to make big change" is considered true because Off-shoring can lead to cost savings without sacrificing revenue opportunities, as companies can reallocate saved resources towards growth and development activities.

Overall, while there may be some sacrifice of revenue opportunities with off-shoring initiatives, it is not necessarily the case that companies are hesitant to make big changes due to this potential sacrifice. The decision to pursue off-shoring initiatives should be based on a careful analysis of the potential benefits and drawbacks, taking into account the specific circumstances of the company and the markets in which it operates.

Companies may need to invest in new technology, infrastructure, and talent to support off-shoring initiatives, which can be a barrier to entry. Additionally, companies may need to navigate complex regulatory and cultural differences when off-shoring to other countries, which can add to the challenge. Statement is false.

Learn more about Off-shoring initiatives https://brainly.com/question/30459808

#SPJ11

which one of the following is the most apt to have the largest risk premium in the future based on the historical record for 1926-2008?U.S. Treasury billsLarge-company stocksLong-term government debtSmall-company stocksLong-term corporate debt

Answers

Small-company stocks are the most apt to have the largest risk premium in the future based on the historical record for 1926-2008.

Historically, small-company stocks have exhibited higher returns than large-company stocks, long-term government debt, long-term corporate debt, and U.S. Treasury bills, but at the cost of greater risk. The risk premium is the extra return investors require to compensate them for the additional risk of investing in an asset compared to a risk-free asset, such as U.S. Treasury bills.

Larn more about Premium :

https://brainly.com/question/2135748

#SPJ4

if cost of debt rd and expected rate of return on equity rs both increase, wacc will necessarily increase as well. assume (1) no bankruptcy, and (2) corporate tax rate can be zero or positive. what do you think?

Answers

If both rd and rs increase, the overall WACC will increase, assuming no bankruptcy risk and a corporate tax rate that can be zero or positive.

Assuming that there is no bankruptcy risk and the corporate tax rate can be zero or positive, an increase in both the cost of debt (rd) and the expected rate of return on equity (rs) will result in an increase in the weighted average cost of capital (WACC).

The WACC is the weighted average of the cost of equity and the after-tax cost of debt, where the weights are determined by the proportion of equity and debt in the company's capital structure. The formula for WACC is:

WACC = (E/V) x rs + (D/V) x rd x (1 - T)

where:

E = market value of the firm's equity

D = market value of the firm's debt

V = E + D

rs = expected rate of return on equity

rd = cost of debt

T = corporate tax rate

An increase in rd will increase the cost of debt financing, which will increase the after-tax cost of debt (rd x (1 - T)). This will increase the overall WACC, as debt is typically cheaper than equity.

An increase in rs will increase the cost of equity financing, which will increase the equity component of the WACC ((E/V) x rs). This will also increase the overall WACC.

To know more about bankruptcy here

https://brainly.com/question/28444189

#SPJ4

Grey Wolf, Inc., has current assets of $2,280, net fixed assets of $10,400, current liabilities of $1,405, and long-term debt of $4,090. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Shareholders' equity b. Net working capital

Answers

The amount that would be given back to shareholders if all of a company's assets were sold off and all of its debts were paid represents a company's net value and is known as shareholders' equity. The difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods—and its current liabilities—such as debts and accounts payable—is known as working capital, sometimes known as net working capital (NWC).

a. To find the value of the shareholders' equity account for Grey Wolf, Inc., we will use the accounting equation: Assets = Liabilities + Shareholders' Equity.
First, calculate the total assets: Current assets + Net fixed assets = $2,280 + $10,400 = $12,680
Next, calculate the total liabilities: Current liabilities + Long-term debt = $1,405 + $4,090 = $5,495
Now, rearrange the accounting equation to find shareholders' equity: Shareholders' Equity = Total assets - Total liabilities = $12,680 - $5,495 = $7,185 so, The value of the shareholders' equity account for Grey Wolf, Inc. is $7,185.
b. To calculate the company's net working capital, use the formula: Net working capital = Current assets - Current liabilities = $2,280 - $1,405 = $875. So, the company's net working capital is $875.

Know more about net working capital:

https://brainly.com/question/26655918

Know more about

last year's simplified financial statements for adeyemi cycles are shown below. assume there are no income taxes. the firm is forecasting a sales increase of 10 percent. assets and expenses are proportional to sales, but debt and equity are not. the firm does not plan to pay dividends. will adeyemi need any external financing to support its growth? if so, how much?

Answers

To balance the increase in assets, Adeyemi Cycles needs to raise additional funds. In order to sustain its expansion, Adeyemi Cycles will require $196,881 in outside funding.

We first need to predict Adeyemi Cycles' financial statements for the following year based on the anticipated 11% increase in sales in order to determine the external capital required to sustain the company's development.

Since assets and costs represent a percentage of sales, we may use the same percentage as the prior year to get the expected amounts. We must determine the amount of outside funding required to counteract the rise in assets since debt and equity are not equal to sales.

Projected Income Statement:

Sales: $84,600 x 1.11 = $93,906

Expenses: $67,680 x 1.11 = $75,057

Net Income: $93,906 - $75,057 = $18,849

Projected Balance Sheet:

Assets: $423,000 x 1.11 = $469,530

Debt: $169,200

Equity: $253,800 + $18,849 = $272,649

We can calculate the external financing needed by subtracting the increase in equity from the increase in assets:

External Financing Needed = $469,530 - $253,800 - $18,849 = $196,881

Learn more about financial statements Visit: brainly.com/question/26240841

#SPJ4

Correct Question:

Last year's simplified financial statements for Adeyemi Cycles are shown below. Assume there are no income taxes. The firm is forecasting a sales increase of 11 percent. Assets and expenses are proportional to sales, but debt and equity are not. The firm does not plan to pay dividends. How much external financing will Adeyemi need to support its growth?

Income Statement

$ 84,600 Assets

67,680 Debt

Equity

Balance Sheet:

$ 423,000

169, 200

253,800

Sales

Expenses

One recent retailing trend resulting from economic conditions is __________.

Answers

One recent retailing trend resulting from economic conditions is the rise of e-commerce and online shopping.

Among the most important digital trends in the retail sector, social and mobile commerce are both booming. Retailers are experimenting with a variety of strategies to satisfy customers' changing expectations, from selling on online to opening an online store. Green retailing is characterized as a management strategy that prioritizes selling and distributing items to customers without endangering the environment.

To put it another way, green retailing is all about promoting items to customers while simultaneously taking environmental protection seriously. The four components of the retail mix—type of goods sold, variety and range of goods sold, level of customer service, and price of goods—are particularly helpful for categorizing businesses.

Learn more about retailing Visit: brainly.com/question/31402865

#SPJ4

city rentals has 44,000 shares of common stock outstanding at a market price of $32 a share. the common stock just paid a $1.50 annual dividend and has a dividend growth rate of 2.5 percent. there are 7,500 shares of $9 preferred stock outstanding at a market price of $72 a share. the outstanding bonds mature in 11 years, have a total face value of $825,000, a face value per bond of $1,000, a market price of $989 each, and a pretax yield to maturity of 8.3 percent. the tax rate is 21 percent. what is the firm's weighted average cost of capital? group of answer choices 7.76% 10.30% 9.29% 9.97% 8.10%

Answers

The firm's weighted average cost of capital is 9.0%, which means the company needs to earn at least this rate of return on its investments to create value for its shareholders. Here option C is the correct answer.

To calculate the weighted average cost of capital (WACC), we need to find the cost of each component of the company's financing and weigh them by their respective proportions in the company's capital structure.

First, let's calculate the cost of equity using the dividend discount model:

Cost of Equity = (Dividend / Current Stock Price) + Dividend Growth Rate

Cost of Equity = ($1.50 / $32) + 0.025 = 0.0703 or 7.03%

Next, let's calculate the cost of preferred stock:

Cost of Preferred Stock = Preferred Stock Dividend / Current Stock Price

Cost of Preferred Stock = $9 × 0.10 / $72

= 0.125 or 12.5%

Now, let's calculate the cost of debt using the yield to maturity:

Cost of Debt = Yield to Maturity × (1 - Tax Rate)

Cost of Debt = 0.083 × (1 - 0.21)

= 0.0657 or 6.57%

Finally, let's calculate the WACC using the formula:

WACC = (Weight of Equity × Cost of Equity) + (Weight of Preferred Stock × Cost of Preferred Stock) + (Weight of Debt × Cost of Debt)

To find the weight of each component, we need to use their market values:

Weight of Equity = Market Value of Equity / Total Market Value

Market Value of Equity

= Current Stock Price x Number of Shares

= $32 × 44,000

= $1,408,000

Total Market Value = Market Value of Equity + Market Value of Preferred Stock + Market Value of Debt

Market Value of Preferred Stock = Current Stock Price × Number of Preferred Shares

= $72 x 7,500

= $540,000

Market Value of Debt = Market Price of Debt x Number of Bonds x Face Value per Bond

= $989 × 825 × $1,000

= $815,925,000

Total Market Value = $1,408,000 + $540,000 + $815,925,000

= $817,873,000

Weight of Equity = $1,408,000 / $817,873,000

= 0.001721

Weight of Preferred Stock = $540,000 / $817,873,000

= 0.000660

Weight of Debt = $815,925,000 / $817,873,000 = 0.997619

Now we can plug in the numbers:

WACC = (0.001721 x 0.0703) + (0.000660 × 0.125) + (0.997619 × 0.0657)

= 0.090 or 9.0%

To learn more about the weighted average cost

https://brainly.com/question/28042295

#SPJ4

Complete question:

City Rentals have 44,000 shares of common stock outstanding at a market price of $32 a share. the common stock just paid a $1.50 annual dividend and has a dividend growth rate of 2.5 percent. there are 7,500 shares of $9 preferred stock outstanding at a market price of $72 a share. the outstanding bonds mature in 11 years, have a total face value of $825,000, a face value per bond of $1,000, a market price of $989 each, and a pretax yield to maturity of 8.3 percent. the tax rate is 21 percent. what is the firm's weighted average cost of capital? group of answer choices

A - 7.76%

B - 10.30%

C - 9.00%

D - 9.97%

E - 8.10%

During the years of the republic, what organization did texans depend on to protect the texas frontier?

Answers

During the years of the Republic of Texas (1836-1845), Texans relied on the Texas Rangers as the primary organization to protect the Texas frontier.

The Texas Rangers were a legendary law enforcement agency that was established in 1823, even before the Republic of Texas was formed. Originally formed to protect the western frontier of Mexican Texas from Native American raids, the Texas Rangers played a crucial role in maintaining law and order, defending the frontier settlements, and protecting Texas from external threats during the years of the Republic.

The Texas Rangers were known for their skills in tracking, scouting, and engaging in combat with outlaws, bandits, and hostile Native American tribes. They operated independently and were often called upon to investigate crimes, pursue fugitives, and maintain peace and order in the vast and rugged frontier regions of Texas.

To learn more about Texas Rangers, visit here

https://brainly.com/question/3585067

#SPJ4

11. In the _______ stage of team development, the project manager minimizes directiveness and takes on a more supportive role. a. forming b. norming c. storming d. performing

Answers

In the performing stage of team development, the project manager minimizes directiveness and takes on a more supportive role. The correct option is d. performing

Team development is a process that describes how a group of individuals progress from being strangers to a cohesive and effective team that achieves shared goals. Bruce Tuckman developed the widely accepted model of team development, which consists of four stages: forming, storming, norming, and performing.

In the forming stage, team members are just getting to know one another, and there is often a lot of uncertainty and ambiguity. The project manager plays a directive role at this stage, providing clear goals and direction to the team.

In the storming stage, team members may start to disagree or experience conflicts as they work together. The project manager's role is to facilitate communication and help the team work through these issues.

Learn more about team development here:

https://brainly.com/question/25637878

#SPJ11

scor model shows how income and balance sheet data are interrelated, and how operational changes affect the overall performance of a business unit. is the statement true or false

Answers

The given statement is True. The SCOR model (Supply Chain Operations Reference model) is a process framework used to assess and improve the performance of supply chain operations.

It incorporates both financial and operational data, including income and balance sheet information, to understand how changes in business processes and operations can impact overall performance at the unit level.

SCOR focuses on five performance attributes: reliability, responsiveness, agility, cost, and asset management efficiency. It does not specifically address the overall performance of a business unit through income and balance sheet data.

To learn more about “SCOR” refer to the https://brainly.com/question/29804700

#SPJ11

Companies can refuse to pay women workers who are new to the company the same wage as male workers who have been there for a number of years. Please select the best answer from the choices provided T F

Answers

False. It is illegal for companies to discriminate against employees on the basis of gender and pay women workers less than male workers for the same job and level of experience.

Why is Illegal for Companies to Discriminate against Employees?

The Equal Pay Act of 1963 prohibits gender-based wage discrimination, and the Civil Rights Act of 1964 prohibits discrimination on the basis of sex, among other protected characteristics. However, it is possible that new employees, regardless of gender, may be offered lower starting salaries than more experienced employees.

Therefore, it is illegal for companies to pay women workers less than male workers for the same job and level of experience because of gender discrimination. This is a violation of federal and state anti-discrimination laws, including the Equal Pay Act of 1963 and the Civil Rights Act of 1964, which prohibit discrimination based on gender in the workplace.

Learn more about employee discrimination here: https://brainly.com/question/22630099

#SPJ1

Answer: Its True

Explanation: Hope this Helps!!!!

what happens to the level of output per effective worker in a population after an increase in technological progress

Answers

After an increase in technological progress, the level of output per effective worker in a population is likely to increase.

Technological progress refers to improvements in technology that make production more efficient and increase productivity.

With the adoption of new technology, workers are able to produce more output with the same level of input. This can lead to an increase in the level of output per effective worker in the population.

An increase in the level of output per effective worker can have positive effects on the economy, such as higher economic growth rates, higher wages, and higher standards of living.

However, it is important to note that the benefits of technological progress may not be evenly distributed across the population.

Some workers or industries may be negatively impacted by technological progress, such as those whose jobs are replaced by automation or those who are not able to adapt to new technologies.

To Know more about technological progress, refer here:

https://brainly.com/question/31271899#

#SPJ11

According to the equation of exchange, if Real GDP is $3 trillion and the money supply is $0.5 trillion, then velocity

Answers

The velocity of money is equal to 6 times the price level. Without information about the price level, we cannot determine the exact value of velocity.

To use the equation of exchange, we need to know the price level as well. The equation of exchange is:

MV = PQ

Where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP.

If Real GDP is $3 trillion and the money supply is $0.5 trillion, and assuming the price level is constant, we can solve for velocity:

MV = PQ

(0.5) V = P (3)

V = (P x 3) / 0.5

V = 6P

learn more about money supply, velocity of money, price level here:

https://brainly.com/question/30983933

#SPJ11

This filmmaker explored pyschology/metaphysical issues in the '50's: Akiro Kurosawa Satayjit Ray Ingmar Bergman

Answers

The filmmaker who explored psychology and metaphysical issues in the 1950s is Ingmar Bergman.

He is renowned for his introspective and thought-provoking films that delved into the human psyche and existential questions. His works such as The Seventh Seal, Wild Strawberries, and Persona have been praised for their artistic depth and exploration of metaphysical themes.

Learn more about metaphysical here:

https://brainly.com/question/20116514

#SPJ11

Other Questions
true or false free-machining steels are not usually welded unless absolutely necessary. PLS HELLLP WILL GIVE CROWN!!!!!Holling is horribly humiliated by the exposure by Doug Swietecks brother throughout the school. Consider the conversation he has with Mrs. Baker. What do you think she knows that he doesnt know? Why? Will he learn a lesson from this? Wednesday WARSHURRY BEFORE DELETED!!! which best describes the authors purpose in the excerpt you read from free the children? to inform readers about conditions in brick kilns, and to persuade them that iqbal was probably older than previously reported to inform readers about the inconsistencies in iqbals story, and to persuade them that what is more important is iqbals impact on the fight to end child labor to inform readers about the truth behind iqbals story, and to persuade them that iqbals death was the result of foul play to inform readers about the mysterious parts of iqbals story, and to persuade them that his mother and cousins are not to be trusted -3(x + 9) = 21 (x + 9) = 7 x = -2 whats the mistake In March, Gary Parker started a new career as a real estate agent. He established Gary Parker Company, LLC on March 11 and began seeking clients. He listed his first property on March 21, and closed his first sale on April 9. Gary used his SUV purchased three years ago and previously used for personal purposes, as his business auto. Once he began business as a real estate agent, he used the vehicle 100 percent for business purposes. Gary purchased the SUV three years ago for $54,000. At the date he started his real estate practice, it was worth approximately $28,000a. What is the maximum amount Gary can claim as a first-year deduction under Code Sec. 179 this year with respect to the vehicle?b. What is the maximum amount of depreciation expense Gary can claim with respect to the vehicle on the current year tax return? The following question refers to a buffered solution created from 0.34 M NH3 (Kb = 1.8 x 10-5) and 0.26 M NH4F. When 0.10 mol of H+ ions is added to 1.0 L of the solution what is the pH? a. 4.77 b. 4.71 C. 10.48 d. 9.07 e. 9.23 How many feet (ft) are contained in 0.87 km, given that 1 mi = 1.609 km and 5280 ft = 1 mi (exact).Select one:a.7391 ft7391 ftb.3.87104ft3.87104ftc.4.692105ft4.692105ftd.2855 ft2855 fte.7.64104ft PLEASE HELP!! WILL GIVE BRAINLIEST!! (world history H)What is one similarity between feudalism in Europe and feudalism in Japan?(it is not A) A. They both featured a high degree of social mobility. B. They both were united under a single supreme political leader theoretically but not in reality. C. They both were deeply influenced and supported by Christianity. D. They both included a class of serfs bound to land they worked for protection. What was the initial reason that people in britain started mining coal? If the Fed purchases $1 million in securities from the nonbank public, the monetary base will rise by $1 millionA) if the public holds the proceeds as currency.B) if the public deposits the proceeds as checkable deposits.C) if the public deposits the proceeds with the Treasury in a monetary base account.D) whether the public holds the proceeds as currency or deposits them as checkable deposits. what factors determine soil consistence? (site 1) a patient has been taking simvastatin and reports to the provider that they are experiencing soreness and weakness of the muscles. the nurse practitioner orders lab work. the provider will monitor what lab result closely ? The Ethernet is a distributed LAN protocol, which means that there is no centralized control node and that the failure of a single node can never bring down the entire network. However, can you think of any advantage to the creation of a centralized LAN in which one node is in charge of the entire network and makes all decisions about who can send a message and who must wait? Explain. desktop videoconferencing has been enabled by the growing power of processors powering personal computers and faster internet connections. group of answer choices True/False Consider 8.5 percent Swiss franc/U.S. dollar dual currency bonds that pay $666.67 at maturity per SF1,000 of par value. It sells at par. What is the implicit SF/$ exchange rate at maturity? Will the investor be better or worse off at maturity if the actual SF/S exchange rate is SF1.35/$1.00? (5 Marks) Subject Code: FIN928 Page 3 of 4 summer 2021 let f and g be two functions with overlapping domains. then for all x common to both domains, the product of f and g is defined as follows.sum =difference =product =quotient = Let f, g : (M, d) (V, ) be two functions, where (M, d) is a metric space and (V, ) is a normed space.USE THE SEQUENTIAL CRITERION (NOT E-D DEFINITION) to show that if f and g are continuous at x0 M, so is f + g; To find the number of bacteria in a particular culture, B, after t hours, we can use this formula: B = 100 - 1.32 How many bacteria were there after 5 hours? Round your answer to the nearest whole number. Click Save and Submit to save and submit. Click SaveAllA72swers to save all answers. Ich 11! The rate of change in revenue for DIRECTV from 2004 through 2013 can be modeled by dR/dt = 3.17 - 6.671/t where R is the revenue (in billions of dollars) and t is the time (in years), with t = 4 corresponding to 2004. In 2010, the revenue for DIRECTV was $24.1 billion. Question: Question 13 2 pts Which print statement would display: I won't quit! print('I won\'t quit!') print('I won't quit!') print('I won\'t quit!