Assuming purchase costs are rising in a periodic inventory system, determine which of the statements below are correct regarding the cost of goods sold under FIFO, LIFO and weighted average cost flow methods.
-Companies using FIFO will report the highest gross profit and net income.
-Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
-Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
-Companies using FIFO will report the smallest cost of goods sold.
Answers
The periodic inventory system is a method of physical count if the stick is done at specific intervals in inventory valuation for the purpose of financial reporting. The specific period can be done monthly, quarterly, or annually and it is done at less cost with less effort.
Periodic inventory is done by three methods.
FIFO i.e., first in first out, in this method recently purchased stock is sold first then after the last purchase left stock is sold.LIFO i.e., Last in First out, which means last purchases goods are sold first then recent purchase foods are sold.The weighted average method in which the average cost of inventory is calculated on the date of purchases as well as on sale.Therefore we can conclude that companies using FIFO will have the highest gross profit as well as net income because the company will not be left with the burden of stock at the end and it would create a good connection with its customers because they will get fresh quality goods.
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Related Questions
ADUWERE is fast growing profitable company. The company is situated in Iringa, Tanzania. Its sales are expected to grow about three times from TZS 360 million in 2022-2023 to TZS 1,100 million in 2024-2025. The company is considering of commissioning a 35 km pipeline between two areas to carry gas to TANESCO. The project will cost TZS 250 million. The pipeline will have a capacity of 2.5 MMSCM. The company will enter into a contract with TANESCO to supply gas. The revenue from the sale to TANESCO is expected to be TZS 120 million per annum. The pipeline will also be used for transportation of LNG to other users in the area. This is expected to bring additional revenue of TZS 80 million per annum. The company management considers the useful life of the pipeline to be 20 years. The financial manager estimates cash profit to sales ratio of 20% per annum for the first 12 years of the project’s operations and 17% per annum for the remaining life of the project. The project has no salvage value. The project being in a backward area is exempt from paying any taxes. The company requires a rate of return of 15% from the project. Required: 1. What is the project’s payback and return on investment (ROI) 2. Compute project’s NPV and IRR Should the project be accepted? Why?
Answers
1. Therefore, the ROI for the project is:ROI = (TZS 1,660 million / TZS 250 million) x 100% = 664%The ROI of the project is 664%.
2. The project should be accepted as the NPV is positive and the IRR is higher than the required rate of return of 15%.
1. Payback period is defined as the duration within which the initial investment made in the project is recovered by the cash inflows that it generates. It is an important capital budgeting tool for measuring the length of time a project will take to recoup the initial investment. Payback period = Initial investment ÷ Net annual cash inflows
The initial investment made by ADUWERE is TZS 250 million.
The net annual cash inflows are calculated as:
Net annual cash inflow = Revenue from TANESCO + Additional revenue from LNG – Operating costs – Maintenance costs
Revenue from TANESCO = TZS 120 million.
Additional revenue from LNG = TZS 80 million
Operating costs = 0.20 * TZS 360 million = TZS 72 million
Maintenance costs = (250/2000)*TZS 360 million = TZS 45 million
Net annual cash inflow = TZS 83 million.
Therefore, the payback period of the project is:Payback period = TZS 250 million ÷ TZS 83 million = 3.01 years. The project has a payback period of 3.01 years. This means that the initial investment made by ADUWERE in the project will be recovered within 3.01 years. Since the useful life of the pipeline is 20 years, this indicates that the project is acceptable.
ROI = (Total net cash inflow / Initial investment) x 100%The total net cash inflow for the project is calculated as:
Total net cash inflow = Net annual cash inflow x Useful life
Total net cash inflow = TZS 83 million x 20 = TZS 1,660 million
Therefore, the ROI for the project is:ROI = (TZS 1,660 million / TZS 250 million) x 100% = 664%.
The ROI of the project is 664%. This indicates that the project is acceptable as the ROI is higher than the required rate of return of 15%.2. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV = ∑ (Cash inflows / (1 + r)t) – Initial investment
Where,r = Required rate of returnt = Time periodThe NPV of the project is:NPV = (TZS 83 million / (1 + 0.15)1) + (TZS 83 million / (1 + 0.15)2) + … + (TZS 83 million / (1 + 0.15)20) – TZS 250 millionNPV = TZS 505.6 millionIRR or Internal Rate of Return is defined as the rate at which the net present value of the cash inflows is equal to the net present value of cash outflows.
In other words, it is the discount rate that equates the present value of cash inflows with the present value of cash outflows. The IRR of the project can be determined by trial and error method or by using Excel’s IRR function.Using Excel’s IRR function, we get IRR = 47.95%The project should be accepted as the NPV is positive and the IRR is higher than the required rate of return of 15%.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.
Machine A Machine B Machine C
Invoice price paid for asset $20,400 $37,300 $22,100
Installation costs 2,300 2,000 600
Renovation costs prior to use 2,900 2,500 1,700
By the end of the first year, each machine had been operating 5,400 hours.
2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Machine Life Residual Value. Depreciation Method
A 9 years $1,300 Straight-line
B 77,000 hours. 3,300 Units-of-production
C 8 years 3,100 Double-declining-balance
CREATE A JOURNAL ENTRY WORKSHEET
Record the depreciation expense for year 1
Answers
Answer: Debit Depreciation Expense $11,714 Credit Accumulated Depreciation on : Machine A $3,400, Machine B $2,500 Machine C $5,814
Explanation:
Why are most African countries finding it difficult to experience vast
development as compared to most countries in the North?
Answers
We find that poor economic policies have played an especially important role in the slow growth, most importantly Africa's lack of openness to international markets. In addition, geographical factors such as lack of access to the sea and tropical climate have also contributed to Africa's slow growth.
Our effects advise that domestic funding, net ODA inflows, training, government effectiveness, city population, and metal costs genuinely and substantially affect Africa's financial boom.
These endemic problems range from abject poverty, violence, underutilise agriculture, and infrastructure, lack of getting right of entry to credit centers, social fractionalisation, poor health facilities, terrible monetary to catastrophic civil unrest; which is probably associated with illiteracy, lack of proper establishments and exploitation by way of corrupt.
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dorea wants to measure consumers' price sensitivity to her line of low-sodium canned vegetables. the answer will tell her whether her products are viewed as either
Answers
Dorea wants to measure consumers' price sensitivity to her line of low-sodium canned vegetables. The answer will tell her whether her products are viewed as either necessary or optional.
What does price sensitive?A product is considered price-sensitive if the price has more of an impact on sales than quality. The degree to which the price of an item affects consumers' purchasing decisions is known as price sensitivity. Value affectability in financial elements is often assessed using the interest rate's value flexibility.
For example, some customers won't pay even a few cents more per gallon for gas, especially if a station with a lower price is nearby. Price sensitivity refers to how much demand varies as a good or service's price changes. The price elasticity of demand, which implies that certain buyers won't pay more if a lower-priced alternative is offered, is a standard method for determining price sensitivity.
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The complete question is:
Dorea wants to measure consumers' price sensitivity to her line of low-sodium canned vegetables. The answer will tell her whether her products are viewed as either
Fixed or variable
Necessary or optional
Elastic or inelastic
Dynamic or static
Complimentary or substitutional
The graph shows the cost and revenue curves for a monopoly that produces teddy bears. The letters in the graph represent the enclosed areas.
If the monopolist charges a single price for teddy bears, which of the following describes an accurate outcome?
Answers
If the If the monopolist charges a single price for teddy bears, the accurate outcome would be: Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e). Option D is correct
What is meant by consumer surplus?Consumer surplus, which serves as a gauge of consumer welfare, is the difference between a product's social value and its actual purchase price.
When a product's market price is higher than the consumer's willingness to pay for it, a surplus is created. The economic concept of marginal utility, or the additional enjoyment one receives from consuming one more unit of a good or service, is the foundation of consumer surplus.
Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. The marginal benefit of each unit of consumption for a consumer is also represented by each price along a demand curve.
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The consumer surplus equals area (a), the producer surplus equals area (c), and the deadweight loss equals area (b+d+e).
The consumer surplus equals area (b), the producer surplus equals area (c+d), and the deadweight loss equals area (d+e).
The consumer surplus equals area (a+b) the producer surplus equals area (c), and the deadweight loss equals area (e+f).
Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e).
The consumer surplus equals area (a), the producer surplus equals area (c+f), and the deadweight loss equals (b+d+e).
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
Answers
The three (3) activities that can be done when one select the Pencil icon on the bank account tile in the Banking center are the following:
reorder the accountsDrag and drop the bank/credit card accounts to the right place, and then hit Save.What is the Pencil icon on the bank account tile in the Banking center?The pencil icon is a digital tool for editing. Perhaps, one may wish to have a different name or perceived a different name to be better fitting or need to correct a wrong name, one can easily rename or correct it by clicking the pencil icon to the right of the title and enter a new name.
Therefore, the correct answer is as given above.
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The complete question goes thus:
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
reorder the accounts
Drag and drop the bank/credit card accounts to the right place, and
Save
setting
11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answers
Answer:
Explanation:
D
You want to start a Business, but you are unaware about the Business risk. Analyze the factors that cause Business risks.
Answers
Answer:
Business risks can be caused by a variety of factors, including economic conditions, market fluctuations, regulatory changes, and natural disasters. It's important to understand these risks before starting a business so that you can take appropriate measures to mitigate them.
Explanation:
The business , u gotta pay the workers
July 1 purchased 6,300 of merchandise on credit from tahoe company invoice dated june 30, terms 2/10, n/30
Answers
Product Inventory -$6,300 debit
Invoices Payable -$6,300 credit
Which inventory do you refer to?All the materials, products, and other items that a company keeps on hand with both the goal of reselling these for a profit are collectively referred to as inventory. As an illustration, merely the item will indeed be considered inventory if a newspaper seller uses a van to distribute newspapers to clients.
What does inventory actually imply at work?Inventory consists of goods or resources that a business intends to resale to customers at a profit. Merchandise management, a key element of the supply chain, involves tracking inventory from manufacturers through storage and from these places to a point of sale.
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Economics budget line Q
Answers
Aoife's budget line is is -2
Aoife's equilibrium consumption of milk and bread is 20 units of milk and 60 units of bread.
What is Aoife's budget line?Budget line equation: 2M + B = 100, where M represents the quantity of milk and B represents the quantity of bread.
The equation above is a linear equation representing Aoife's budget constraint. The slope of the budget line is -2, which means that the opportunity cost of one unit of milk is two units of bread.
Illustration of her equilibrium consumption of milk and bread:To find the point of equilibrium, we need to find the point where the slope of the indifference curve is equal to the slope of the budget line. This is the point where the marginal rate of substitution (MRS) is equal to the price ratio.
The price ratio is 2:1 (the price of milk is twice the price of bread), so the slope of the budget line is -2. The slope of the indifference curve is -1/2, so we need to find the point where -1/2 = -2, which is (20, 60) (20 units of milk and 60 units of bread).
What is her marginal rate of substitution at the equilibrium allocation in part b?The marginal rate of substitution (MRS) at the equilibrium allocation is the rate at which Aoife is willing to trade off milk for bread while remaining on the same indifference curve. It is equal to the absolute value of the slope of the indifference curve at the equilibrium point.
In this case, the slope of the indifference curve is -1/2, so the MRS is 1/2 (the absolute value of -1/2). This means that Aoife is willing to give up half a unit of milk for one unit of bread while remaining on the same indifference curve at the equilibrium point.
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Why should you start saving for retirement early?
A. The longer you save, the less you will pay in taxes.
B. The longer you save, the more likely it is your investments will lose
value.
O C. The longer you save, the less your money will be worth due to
inflation.
D. The longer you save, the more money your investments will earn.
Answers
Start saving for retirement early. The longer you save, the more money your investments will earn.
Why should you save early for retirement?
The biggest advantage of retirement investment is probably compound interest. Even though there is no specific rate of return that is guaranteed, starting your retirement savings sooner in your work will result in more money with a lower capital investment than if you wait until later in your career. Compound interest is the process through which an amount of money increases greatly as a result of interest that keeps adding to itself over time.
You will have $1050 at the end of the year if you invest $1,000 in an account that grows at a rate of 5% annually, for instance. You'll receive a 5% return on $1050 the next year, which after two years will equal $1102.50.
Here is an illustration of how consistently building a retirement portfolio at a young age may look.
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Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
340 units at $10
200 units
360 units at $11
400 units
Oct. 1
13
22
29
Inventory
Sale
Purchase
Sale
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to
two decimal places.
per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal
places.
$
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places
Answers
Perpetual Inventory can be calculated as follows:
a. Weighted average unit cost after the October 22 purchase:
Beginning inventory:
340 units at $10 = $3,400
Purchases:
200 units at $10 = $2,000
360 units at $11 = $3,960
Total units: 340 + 200 + 360 = 900 units
Total cost: $3,400 + $2,000 + $3,960 = $9,360
Weighted average unit cost = Total cost / Total units
=$9,360 / 900 units
≈ $10.40 (rounded to two decimal places)
b. Cost of goods sold on October 29:
Units sold: 400 units
Cost of goods sold = Units sold * Weighted average unit cost
= 400 units * $10.40
= $4,160
c. Inventory on October 31:
Remaining units: 100 units (900 units - 400 units)
Weighted average unit cost (from part a): $10.40
Inventory value = Remaining units * Weighted average unit cost
= 100 units * $10.40
= $1,040
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Suppose that the mean daily viewing time of television is 8.35 hours. Use a normal probability distribution with a standard deviation of 2.5 hours to answer the following questions about daily television viewing per household
(a) What is the probability that a household views television between 3 and 12 hours a day? (Round your answer to four decimal places.)
(b) How many hours of television viewing must a household have in order to be in the top 3% of all television viewing households? (Round your answer to two decimal places.)
hrs
(c) What is the probability that a household views television more than 5 hours a day? (Round your answer to four decimal places.)
Answers
a. The probability of viewing television between 3 and 12 hours is 0.9117
b. The number of hours that the household watches television is 13.05 hours.
c. The probability that a household views television more than 5 hours a day is 0.9099
How to solve for the probabilityGiven that ,
mean = u = 8.35
standard deviation = σ = 2.5
a) P(3 < x < 12) = P[(3 - 8.35)/ 2.5) < (x) < (12 - 8.35) / 2.5) ]
= P(- 2.14 < z < 1.46)
= P(z < 1.46) - P(z < -2.14)
we have to use the z table to solve this further
0.9279 - (1 - 0.9838)
= 0.9279 - 0.0162
= 0.9117
The probability that a household would have to view the television between 3 and 12 hours everyday is 0.9117
2. The probability given = 3% = 0.03
1 - 0.03 = 0.97
P(Z < 1.88 ) = 0.97
z = 1.88
we have to use the z score formula
= z * u + sd
= 1.88 x 2.5 + 8.35
= 13.05 hours.
The number of television hours that a family would need to have in order to be in the top 3% would be 13.05 hours.
c. the probability that a family views television more than 5 hours a day
P(x > 5 ) = 1 - p( x< 5)
1 - p(5 - 8.35) / 2.5
= 1- P(z < -1.34)
= 1 - 0.0901
= 0.9099
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Reducing laws and rules businesses have to follow is an example of
Question 12 options:
comparative advantage
deregulation
production possibilities
regulation
Answers
Answer:comparative advantage
Explanation:
Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.
What is the significance of deregulation?Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.
For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.
Therefore, the option B holds true and states regarding the significance of the process of deregulation.
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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,510 and two jobs in process: Job No. 429 $2,150, and Job No. 430 $1,360. During May, a summary of source documents reveals the following. Job Number Materials Requisition Slips Labor Time Tickets 429 $2,970 $2,100 430 4,100 3,200 431 4,540 $11,610 8,100 $13,400 General use 900 1,590 $12,510 $14,990 Stine Company applies manufacturing overhead to jobs at an overhead rate of 68% of direct labor cost. Job No. 429 is completed during the month. (a) Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
Preparation of journal entries
Stine Company Journal entries
1. May 31
Dr Work in process inventory $11,610
Dr Manufacturing overhead $900
Cr Raw materials inventory $12,510
(To record requisition slips)
2. May 31
Dr Work in process inventory $13,400
Dr Manufacturing overhead $1,590
Cr Factory labor $14,990
(To record the time tickets)
3. May 31
Dr Work in process $9,112
($13,400*68%)
Cr Manufacturing overhead $9,112
(To record assignment of manufacturing overhead to jobs)
4. May 31
Dr Finished goods inventory $8,648
Cr Work in process inventory $8,648
[( $2,150+$2,970+$2,100+($2100*68%)]
(To record the completion of Job No. 429)
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WWhich 4 list types can be directly imported into QuickBooks Online from Excel?hich 2 features in QuickBooks Online can help a professional services company track profitability by client?
Answers
Customer, Vendor, Items, and Chart of Accounts from an Excel spreadsheet can be imported directly into Quickbooks Online. Two features that help professional services track profitability by client are Profit and loss customer report and recurring transactions.
Intuit created and sells the accounting software suite known as QuickBooks. QuickBooks products were first released in 1983 and are primarily targeted at small and medium-sized enterprises. They provide cloud-based accounting programs that take payments from companies, manage and pay invoices, and handle payroll in addition to on-premises accounting tools and provide services to track profit.
QuickBooks Online is a cloud solution provided by intuit (QBO). Instead of paying an upfront price, the user subscribes on a monthly basis and only uses a secure Web browser to log in to the software. Banks, payroll services, and cost management software are just a few of the third-party applications and financial services that Quickbooks Online integrates with.
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What is 48976897617xitself
Answers
Answer:
Hey mate....
Explanation:
This is ur answer....
Wth....Is that even a question....Imao
Well I am getting this....
2.39873650E+21
Hope it helps!
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Mary and John, a young couple, come to you asking for financial advice. They recently graduated and have found entry-level positions in their chosen professions. They never received any formal financial education, but someone did give them a couple of The Wealthy Barber, and they read it.
Now they want to take action and begin saving for their future. Right now, they wish to save money for their 1-year old daughter’s college/university education.
They know how the Registered Education Savings Plan (RESP) works and consider themselves moderate risk-takers, given that they have an 18-year time horizon. However, they want to know how to invest through lump-sum (PMT = 0) or dollar cost (PV = 0) averaging?
Assume they could invest a maximum of $3,000 per year and earn a 6% annual return.
Your answer should address the following:
a) You will explain both the terms in simple language to the couple. (2 Marks)
b) Explain the advantage and disadvantages of both strategies. (4 Marks)
c) Recommend one strategy based on the discussion. There is no right or wrong answer here. Marking will be given based on your argument and conclusion. (1.5 Marks)
Answers
a) The lump-sum investment means that the young couple, Mary and John, will invest the total sum of $54,000 (18 x $3,000) at the beginning of the investment period, which yields a future value worth $154,134.31 at the end of the 18-year investment period,
On the other hand, the annuity investment of $3,000 implies that Mary and John will invest $3,000 annually, which yields a future value worth $98,279.98 at the end of the 18-year investment period.
b) The advantage of the lump-sum investment strategy over the annuity investment lies in the total interest generated, which is also compounded over the years.
Interest compounding means that Mary and John would be earning interest on interest.
The disadvantage of the lump-sum strategy, which becomes the advantage of the annuity investment, is that Mary and John may not afford the lump-sum at the beginning of the investment.
c) Since Mary and John could only afford to invest $3,000 annually, they should go ahead with the annuity investment.
The recommendation of the investment strategy is based on the financial status of Mary and John at the beginning of the investment because they are:
Financially literateModerate risk-takers. What is future value?The future value of an investment is the value of the cash flows in a future period. The future values of each investment strategy can be determined using the following future value formula:
FV = PV (1+r)^{n}
FV = future value
PV = present value
r = annual interest rate
{n} = number of periods interest held
Alternatively, it can be computed using an online finance calculator as follows:
Data and Calculations:
Lump-sum investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $54,000
PMT (Periodic Payment) = $0
Results:
FV = $154,134.31
Total Interest = $100,134.31
Annuity Investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $0
PMT (Periodic Payment) = $3,000
Results:
FV = $98,279.98
Sum of all periodic payments = $54,000 (18 x $3,000)
Total Interest = $44,279.98
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Brooke needs a $6,000 personal loan.
Which loan option would require her to pay back the least amount of money?
A)24-month loan with an 8% annual simple interest rate
B)36-month loan with a 6% annual simple interest rate
C)60-month loan with a 4% annual simple interest rate
S) 72-month loan with a 2 annual simple interest rate

20 POINTS!!!!
Answers
Answer: The answer is D 72-month loan with a 2 annual simple interest rate
Explanation:
A) 24x480=11,500 is incorrect
B) 36x360=12,960 is incorrect
C) 60x240=14,400 is incorrect
D) 72x120=8,640 is correct
I hope I wasn't too late to help. ;)
The loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
Loan optionBased on the information given the loan option that would require her to pay back the least amount of money is 72-month loan with a 2 annual simple interest rate reason being that amount she will paid will be least amount compare to other loan options.
Loan=72 months ×($6,000×2%)
Loan=72 months×$120
Loan =$8,640
Inconclusion the loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
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what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone Company, reports it can resolve customer problems the same day they are reported in 70% of the cases. Suppose the 12 cases reported today are representative of all complaints.
a-1. How many of the problems would you expect to be resolved today? (Round your answer to 2 decimal places.)
a-2. What is the standard deviation? (Round your answer to 4 decimal places.)
b. What is the probability 6 of the problems can be resolved today? (Round your answer to 4 decimal places.)
c. What is the probability 6 or 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
d. What is the probability more than 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
Answers
Answer:
Explanation:
a-1. We can use the expected value formula to find the number of problems we would expect to be resolved today:
Expected value = Number of cases reported x Probability of resolution
Expected value = 12 x 0.7
Expected value = 8.4
Rounding to 2 decimal places, we would expect 8.40 problems to be resolved today.
a-2. To find the standard deviation, we can use the formula:
Standard deviation = √(n x p x (1 - p))
where n is the number of cases reported and p is the probability of resolution. Substituting in the values given, we get:
Standard deviation = √(12 x 0.7 x (1 - 0.7))
Standard deviation = √(3.36)
Standard deviation = 1.8326
Rounding to 4 decimal places, the standard deviation is 1.8326.
b. To find the probability that 6 of the problems can be resolved today, we can use the binomial probability formula:
P(X = x) = (nCx) * p^x * (1 - p)^(n - x)
where n is the number of cases reported, p is the probability of resolution, x is the number of cases that can be resolved, and nCx is the binomial coefficient (nCx = n! / x!(n-x)!).
Substituting in the values given, we get:
P(X = 6) = (12C6) * 0.7^6 * (1 - 0.7)^(12 - 6)
P(X = 6) = (924) * 0.7^6 * 0.3^6
P(X = 6) = 0.0482
Rounding to 4 decimal places, the probability that 6 of the problems can be resolved today is 0.0482.
c. To find the probability that 6 or 7 of the problems can be resolved today, we can use the same formula as in part (b), but we need to calculate the probabilities separately for 6 and 7, and then add them together:
P(X = 6 or X = 7) = P(X = 6) + P(X = 7)
P(X = 6 or X = 7) = (12C6) * 0.7^6 * 0.3^6 + (12C7) * 0.7^7 * 0.3^5
P(X = 6 or X = 7) = 0.0482 + 0.1254
P(X = 6 or X = 7) = 0.1736
Rounding to 4 decimal places, the probability that 6 or 7 of the problems can be resolved today is 0.1736.
d. To find the probability that more than 7 of the problems can be resolved today, we can use the complement rule and subtract the probability of 7 or fewer problems being resolved from 1:
P(X > 7) = 1 - P(X ≤ 7)
P(X > 7) = 1 - [P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6) + P(X = 7)]
P(X > 7) = 1 - [(12C0) * 0.7^0 * 0.3^12 + (12C1) * 0.7
On January 1, 2021, Baltimore Company issued $200,000 face value, 5%, 10-year bonds at 103. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the annual bond premium amortization. Round your answer to the nearest whole number (no cents).
Answers
Answer:
the dollar value of the annual bond premium amortization is $600
Explanation:
The computation of the dollar value of the annual bond premium amortization is shown below:
Interest paid ($200,000 × 5%) $10,000
Less: premium amortization ($200,000 × 0.03) ÷ 10) -$600
Dollar value of the interest expense $9,400
So, the dollar value of the annual bond premium amortization is $600
Annual bond premium amortized using straight-Line Method is $600.
What is straight-Line Method of Amortization of Bond?In the straight-Line Method, the bond premium or discount is charged/disbursed equally over the life of the bonds.
Given:
Face value of 5% bonds= $200,000
Maturity period= 10 years
Issue price of 5% bonds=103
Value of the annual bond premium amortization=
Interest paid=5% of $200,000=$10,000
Premium amortized= ($200,000 × 0.03) ÷ 10=$600
Interest expense=Interest paid-premium amortization
=$10,000-$600
=$9,400
Therefore, the annual bond premium amortization is $600
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. Define corporate-level strategy. What are the different levels of diversification firms
can pursue by using different corporate-level strategies?
Answers
Answer:
Tipos de diversificación empresarial
Explanation:
°Inversión propia. Constituye la fórmula de diversificación más seguida, puesto que supone echar mano de los recursos propios a la hora de intentar conquistar nuevos espacios productivos y clientes.
°Adquisición total o parcial de una empresa.
°Diversificación relacionada.
°Diversificación no relacionada.
The executive summary component of a business plan is to describe _____.
a. where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see
b. the size of the market, how your business will fit into the market, and how your business will stand out from other businesses in the market
c. the 'big picture' behind your business, what your business has to offer the consumer, and why your business will be successful
d. how your business will be organized and what type of management or department structure your business will have
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer: c. the 'big picture' behind your business, what your business has to offer the consumer, and why your business will be successful
Explanation:
Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Curtis signed a contract to purchase §250,000 in sixty days. The spot rate was §1 = 0.33682, and the 60-day forward rate was §1 = $0.36842. On December 31, the spot rate was §1 = 0.32438 and the 30-day forward rate was §1 = 0.36386.
At what amount should the Forward Contract account be recorded on December 1?
Answers
Answer: $0
Explanation:
Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.
This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.
Which phrase best completes the diagram?
SOLE PROPRIETORSHIP
One owner
an
PARTNERSHIP
Several owners
O A. Unlimited liability
O B. Powerful shareholders
O c. Complex regulations
O D. Unlimited life span
THE ANSWER IS “UNLIMITED LIABILITY”
Answers
The phrase that best completes the diagram about SOLE PROPRIETORSHIP and PARTNERSHIP ownership is "Unlimited liability". The Option A is correct.
What is the unlimited liability of business owner?When one or more individuals are personally liable for their company's taxation and debts, this is known as unlimited liability. In this regard, it differs greatly from a limited liability company (LLC). The latter is intended to protect individual LLC members (partners or stakeholders) from risk.
As a result, if the company fails, is sued, or owes a debt, no single person's assets are affected. Business partners in a limited liability company or partnership are only liable for the amount of money they put into the company.
The owner of an unlimited liability company is inextricably linked to the business and personally liable for the company's liabilities. This also entitles them to the company's profits after taxes.
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Answer:
THE ANSWER IS “UNLIMITED LIABILITY”
Explanation:
Here are simplified financial statements for Watervan Corporation:
1.) Calculate Watervan’s economic value added (EVA).
Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.
2.) What is the company’s return on capital? (Use start-of-year rather than average capital.)
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
3.) What is its return on equity? (Use start-of-year rather than average equity.)
Note: Enter your answer as a percent rounded to 2 decimal places.
Answers
Based on the financial statements given for Watervan Corporation, the Economic Value Added is $54.501 million.
What is the Economic Value Added?This can be found by the formula:
= (EBIT x (1 - Tax rate)) - (Cost of capital x Capital)
Tax rate is:
= 20 / 97 x 100
= 20.6%
Capital invested:
= Equity + Long term debt
= 256 + 121
= $377 million
Economic value added is:
= (109 x (1 - 20.6%)) - (8.5% x 377)
= $54.501 million
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A dividend is a fee paid to an employee for their sale or services.
A) True
OR
B) False
HELP PLS
Answers
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. It is not a fee paid to an employee for their sale or services.