Heath Food Corporation’s bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 9% coupon rate. What is their current yield?

Answer:

15.8%

Explanation:

Process Cycle Efficiency= Value Added time/ Lead time

Value-added time is the time spent process and activities on improving or adding usefulness to a product.

Lead time is the time between the order received and order supplied to the customer

Here,

PCE= (3)/(2.5+5+10+1.5) ×100

PCE=15.8%

The processing cycle efficiency for the order mentioned in the context is 15.8%.

The "Value Added Ratio," also known as Process Cycle Efficiency, is a metric that indicates how much time was spent adding value to a process.

 The time spent on processes and activities aimed at improving or increasing the usefulness of a product is referred to as value-added time.  

The lead time is referred to as the time between receiving an order and delivering it to the customer.  

The given information in the context is:

Value Added time = 3

  Lead time is calculated by adding all the times from the process of receiving the order to the time of completing the orders.    

Computation of Process Cycle Efficiency:

[tex]\begin{aligned}\text{Process Cycle Efficiency}&= \frac{\text{Value Added time}}{\text{Lead time}}\\\text{Process Cycle Efficiency}&= \frac{3}{2.5+5+10+1.5}\times 100\\\text{Process Cycle Efficiency}&= 15.8\%\end{aligned}[/tex]

Therefore, the Process Cycle Efficiency is 15.8%.  

To know more about the Process Cycle Efficiency, refer to the link below:

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Answer:

a. All of the answers are correct

Explanation:

Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers

Answer:

Calculations are listed below.

Explanation:

To compare each rate, we will calculate the real annual rate for each one.

Annual rate= [(1+i)^n] - 1

A) daily compounded rate of 0.045​%

Annual rate= {(1.00045^365)-1}*100= 17.85%

B) A weekly compounded rate of 0.305%

Annual rate= {[(1.0035^52)-1]}*100= 19.92%

C) A monthly compounded rate of 1.55%.

Annual rate= [(1.0155^12)-1]*100= 20.27%

D) A quarterly compounded rater of 4.25​%

Annual rate= [(1.0425^4)-1]*100= 18.11%

E) A semiannually compounded rate of 8​%

Annual rate= [(1.08^2)-1]*100= 16.64%

F) An annually compounded rate of 18%.

The best rate for investment is a monthly compounded rate of 1.55%.

G) What is the effective annual (EAR) of a daily compounded rate of 0.050%?

Annual rate= [(1.00050^365)-1]*100= 20%

Answer:

Total cost= $190,000

Explanation:

Giving the following information:

Total manufacturing costs are $170,000 when 20,000 packages are produced.

The total variable costs are $80,000 at 20,000 units.

First, we need to determine the unitary variable cost and total fixed costs.

Unitary variable cost= total variable cost/ number of units

Unitary variable cost= 80,000/20,000= $4 per unit

Total fixed costs= total cost - total variable cost

Total fixed costs= 170,000 - 80,000= $90,000

Now, we need to determine the total cost of 25,000 units.

Total cost= 90,000 + 4*25,000= $190,000

Answer: $84,000 if consolidated; $105,000 if not consolidated.

Explanation: Reason: If consolidated, taxable income is $400,000: ($500,000 - $100,000) x 21% = $84,000. If not consolidated, Plum pays $500,000 x 21% = $105,000, and Pear will carryback or carryforward the loss if possible.

Options:

A) anthropology B) psychology C) archaeology D) political science E) corporate strategy Answer

Answer:A) Anthropology

Explanation: Anthropology is stern used to describe the study of humans,the human Behavior and the how humans Interaction as it relates to Premtive times, the present times and the in the future.

Anthropology can be classified into four known as

Biological anthropology(a class or type of anthropology which deals with the systematic study of humans based biologically), cultural anthropology(is a type of anthropology which deals with the study of the cultural aspects of difference among humans)

linguistic anthropology(is a type of anthropology which studies the impact and influence of language in the lives of humans)

Archaeology(is a type of anthropology which deals with the study of human activities through the analysis of material cultures)

MYRIAM'S STUDY EXEMPLIFIES ANTHROPOLOGY.

Myriam's research, which analyzes gender roles in management across the United States and Japan, demonstrates a social studies approach to understanding occupational sorting, gender stratification, and cultural influences on leadership behavior.

Myriam's study is a clear example of cross-cultural analysis in the field of social studies, particularly focusing on gender roles in management positions within two different cultures, the United States and Japan. By surveying male and female managers in each country, Myriam is aiming to understand how cultural norms affect the behavior and potentially the leadership styles of managers in their respective countries. This kind of study dives into concepts such as occupational sorting, gender stratification, and the glass ceiling phenomenon which are pertinent to the understanding of gender roles in professional settings.

Research has shown that there are inherent differences in the way men and women may perform in management roles. Women, for example, have been found more likely to practice an interpersonal style of leadership, focusing on the morale and welfare of employees, whereas men may be more task-oriented. However, these differences are often less pronounced within the organizational studies than they are in laboratory or survey research, suggesting that cultural expectations and organizational culture both play a significant role in shaping managerial behavior.

Cultural anthropologists and other social scientists study how people interact with the gender norms and practices within their societies. This involves exploring how gender identities are shaped within various realms like politics, law, and medicine, and how individuals might confirm to or transform the gendered expectations prevalent in their cultures. Myriam's study draws on these concepts, aiming to offer insights into how gender roles are enacted and potentially vary between different cultural contexts.

Complete question:

Your firm is a U.K.-based importer of bicycles. You have placed an order with an Italian firm for €1,000,000 worth of bicycles. Payment (in euro) is due in 12 months. Detail a strategy using futures contracts that will hedge your exchange rate risk. Have an estimate of how many contracts of what type and maturity

A. Go short 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

B. Go long 100 12-month euro futures contracts; and long 80 12-month pound futures contracts.

C.Go long 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

D. Go short 100 12-month euro futures contracts; and long 80 12-month pound futures contracts.E. None of the above

Answer:

Go short 100 , 12-month euro futures contracts; and long 80, 12-month pound futures contracts. Option c is correct.

Explanation:

Buy €1m (a long position) forward using futures contracts, at the 12-month forward rate of $1.60 per €1 pay

$1,600,000 = €1,000,000 ×$1.60/€1.

At the 12-month forward rate of $2/≤this is worth ≤800,000.

Go short pound futures contracts.

so , Go long 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

Answer:

$3,41,70,000

Explanation:

Data provided as per the question below:-

Net sale Value of land = $1,10,00,000

Cost of grading of land = $9,70,000

Cost of building = $2,22,00,000

The computation of cash flow amount is shown below:-

Relevant cash flows = Net sale Value of land + Cost of grading of land + Cost of building

= $11,000,000 + $9,70,000  +  $2,22,00,000

= $3,41,70,000

Answer and Explanation:

A. Price elasticity of demand

Price(P0) = $80 , Q0 = 20

Price(P1) = $100 , Q1 = 18

Price elasticity of demand =

[tex]\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-20}{\frac{18+20}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{-2}{\frac{38}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{-2}{19} }{\frac{20}{90} } }\\\\-0.47[/tex]

Price elasticity of demand = 0.47

B. Price elasticity of supply

Price(P0) = $80 , Q0 = 16

Price(P1) = $100 , Q1 = 18

Price elasticity of supply =

[tex]\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-16}{\frac{18+16}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{2}{\frac{34}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{2}{17} }{\frac{20}{90} } }\\\\0.53[/tex]

Price elasticity of supply = 0.53

C. The point , where Demand and supply is equal called equilibrium price

So , $100 is equilibrium price.

D. if market price is less then equilibrium price , it is effective So, shortage (20-16) 4 units

a. The price elasticity of demand when the price is $80 is -0.4 and when the price is $100 is -0.08. b. The price elasticity of supply when the price is $80 and $100 is 0.5. c. The equilibrium price and quantity can be determined from the graph by identifying the point at which the demand and supply curves intersect, and from the table by finding the price where the quantity demanded equals the quantity supplied.

a. To calculate the price elasticity of demand, we use the formula:

Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)

Using the given information, at a price of $80, the quantity demanded is 20 million and at a price of $100, the quantity demanded is 18 million. The % change in quantity demanded is -10% and the % change in price is 25%. Plugging these values into the formula, we get:

Elasticity of Demand ($80) = (-10%) / (25%) = -0.4

Elasticity of Demand ($100) = (-2%) / (25%) = -0.08

b. To calculate the price elasticity of supply, we use the same formula:

Elasticity of Supply = (% Change in Quantity Supplied) / (% Change in Price)

Using the given information, at a price of $80, the quantity supplied is 16 million and at a price of $100, the quantity supplied is 18 million. The % change in quantity supplied is 12.5% and the % change in price is 25%. Plugging these values into the formula, we get:

Elasticity of Supply ($80) = (12.5%) / (25%) = 0.5

Elasticity of Supply ($100) = (12.5%) / (25%) = 0.5

c. The equilibrium price and quantity can be determined from the graph by identifying the point at which the demand and supply curves intersect. This represents the point where the quantity demanded equals the quantity supplied, and thus the market is in equilibrium. From the table, we can determine the equilibrium price and quantity by finding the price where the quantity demanded equals the quantity supplied.

d. To determine the quantities demanded and supplied at a price of $120, we can use the table. At a price of $120, the quantity demanded is 16 million and the quantity supplied is 20 million. Since the quantity demanded is less than the quantity supplied, there will be a surplus. The size of the surplus is the difference between the quantity supplied and the quantity demanded, which is 20 - 16 = 4 million.

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Answer:

b) the period for retention could be up to 8 years depending upon the circumstances.

Explanation:

Retention of payroll documents is an extremely important practice within a company. This is because it is registered evidence of all monetary movements related to employees, in addition to paying all fees, expenses and taxes, which prove that the company is in compliance with labor rights.

Because of this importance, Twinte Cars decided to keep these documents for 3 years, however, Twinte Cars signed a contract with a company that requires these documents to be kept for 6 years. To balance the requirements between the two companies, Twinte Cars must modify its policy and establish that the retention period can be up to 8 years, depending on the circumstances.

To calculate the yield to maturity and yield to call of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures, while YTC calculates the rate of return if the bond is called by the issuer.

To calculate the yield to maturity (YTM) and yield to call (YTC) of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures and receive all the coupon payments as well as the face value of the bond. YTC, on the other hand, calculates the rate of return if the bond is called by the issuer.

The formula to calculate the present value of the bond is:

PV = (C/r) * (1 - (1+r)^(-n)) + (F/(1+r)^n)

Where:

By plugging in the given values, we can solve for YTM and YTC.

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The YTM is approximately 6.68% annually, and the YTC is approximately 5.78% annually.

Thatcher Corporation's bonds will mature in 10 years, have a face value of $1,000, an 8% coupon rate paid semiannually, and a current price of $1,100. The bonds are callable in 5 years at a call price of $1,050.

Calculating Yield to Maturity (YTM)

The formula for yield to maturity involves solving for the interest rate that equates the present value of all future cash flows from the bond (coupon payments and face value) to the current price of the bond.

The semiannual coupon payment is $40 ($1,000 × 8% / 2). Let's denote the number of periods (N) as 20 (10 years × 2) and the current bond price as $1,100. The yield to maturity must be calculated iteratively or using a financial calculator:

Calculating Yield to Call (YTC)

For the yield to call, we must find the rate that matches the present value of the bond being called in 5 years:

YTC ≈ 2.89% per semiannual period, meaning the YTC is approximately 5.78% annually.

Answer:

sticky in both an upward and downward direction

Explanation:

nominal wages are wages been earned per hour or as agreed between the worker and the employer. it is seen as means of compensating the worker. it is called nominal wage because the effects of deflation ( downward direction of prices in the market ) and inflation ( upward direction of prices in the market) does not affect the Nominal wages of an employee hence it is sticky in both an upward and downward direction of price movement in the market.

unlike the real wages where the factors of inflation and deflation has an effect on it by either decreasing or increasing the purchasing power of the real wage.

Answer:

a. 12.60%

Explanation:

The Eco Brothers Inc. cost of common can be determined through the following mentioned formula:

cost of common=Cost of debt+risk premium over cost of debt

In the given question

Cost of debt=8.75%

Risk premium over cost of debt=3.85%

Cost of common=8.75%+3.85%

                         =12.6%

So based on the above calculations, the answer is a. 12.60%

Answer:

the company’s cost of preferred stock is 10.53%.

Explanation:

given information:

perpetual preferred stock = $57.00

a constant annual dividend = $6.00

to determine the company’s cost of preferred stock we can use the following formula

[tex]cost of preferred stock = \frac{ annual dividend}{preferred stock}[/tex]

                                   [tex]= \frac{6.00}{57.00}[/tex]

                                   [tex]=10.53[/tex]%

therefore, the company’s cost of preferred stock is 10.53%.

Answer:

Do not have enough data

Explanation:

It depends on the proportion of the variable and fixed costs. We need more data such as the selling price and the exact variable and fixed costs n order to comment on this proposed idea.

Answer:

a) 0.97 b) 0.9991 c) 0.008518

Explanation:

a) for the computer to work all modules must work so the lowest probsabiltiy of any one of the modules will determine the reliability of the computer.

b) Probabiltiy that 1st computer works+ Probability that 1st computer fails × Probability that back-up works

= 0.97+ 0.97×0.03

=0.9991

c) Probabiltiy that 1st computer works+ Probability that 1st computer fails× Probability that switch works× Probability that back-up computer works

=0.97+0.03×0.98×0.97

=0.998518

The system's reliability is calculated by multiplying the reliabilities of each module in the system. The reliability of a backup computer is calculated by considering the likelihood of one or the other working. If a switch is included, its reliability is considered as a component in a series system with the backup computer.

This question pertains to system reliability. In essence, you are dealing with a series-parallel system. For a. the first step is to compute the reliability of the computer. To do this, simply multiply the reliabilities of each module together because for a system to be reliable, all the modules must work:

Reliability = 0.97 * 0.97 * 0.99 = 0.931129

For b. knowing that the backup system will step in if the first computer fails, the total system reliability is the probability that either the first computer works, or it doesn’t, but then the backup works. The reliability of either the primary or backup computer working is calculated by:

R = 1 - (1 - R_primary) * (1 - R_backup)

This is a simple equation derived from probability theory and we can plug in the computed reliability from part a.:

R = 1 - (1 - 0.931129) * (1 - 0.931129) = 0.996122

For c. if there's a switch to activate the backup, both the switch and the backup computer must function. This is another series system, so you'll multiply them together to get the overall reliability:

Overall reliability = 0.98 * 0.996122 = 0.97636

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Answer:

The answer is b as he should order 1045 copies to maximize his profits.

Explanation:

As

[tex]CR=\frac{C_{u} }{C_{o}+C_{u} }[/tex]

So,

Given :

[tex]C_{o} =20-14=6[/tex]

[tex]C_{u} =28-20=8[/tex]

Thus

[tex]CR=\frac{8 }{6+8 }[/tex]

     [tex]=57.14\%[/tex]

thus      [tex]Q^{*} =Norm.inu(0.5714,1000,250)[/tex]

                 [tex]=1045.0032[/tex]

                  ≈ [tex]1045[/tex]

Which is option b.

Using the Newsvendor model, Dan should order 1045 copies of the book to maximize expected profit.  thus the correct answer is b.

To determine the optimal number of copies Dan should order to maximize expected profit, we use the Newsvendor model. The critical ratio in this model helps in finding the order quantity that balances the cost of understocking and overstocking.

Step 1: Calculate the overstocking cost (Co) and understocking cost (Cu).

Step 2: Find the critical ratio (CR): CR = Cu / (Co + Cu) = $8 / ($6 + $8) = $8 / $14 = 0.5714

Step 3: Use the critical ratio to find the Z-score corresponding to 0.5714, which is approximately 0.19.

Step 4: Calculate the optimal order quantity (Q*) using the Z-score, mean, and standard deviation of the demand distribution:

Since we cannot order a fraction of a book, we'll round to the nearest whole number, 1048. However, the closest option given is 1045.

Therefore, Dan should order 1045 copies to maximize his expected profit.

Answer:

The remaining shares should be carried at its fair value.

In this case then,  the fair value of the remaining shares = $260,000*(1-0.5) = $130,000

Explanation:

According to IFRS 3(Revised), A certain group may decide to sell its controlling interest in a subsidiary but retain significant influence in the form of an associate, or retain only a financial asset. If it does so, the retained interest is remeasured to fair value, and any gain or loss compared to book value is recognised as part of the gain or loss on disposal of the subsidiary.

Final answer:

The carrying value of the remaining shares after Panda Corporation sells half of its Squirrel Inc. shares is $90,000, which is half of the original carrying value because the carrying value per share remains unchanged.

Explanation:

To determine the carrying value of the remaining shares after Panda Corporation sells half of its shares in Squirrel Inc., we need to calculate how the sale affects the original carrying value. The carrying value of the investment was $180,000 for 90% ownership. Since Panda Corporation is selling half of its stocks, it now owns 45% of Squirrel Inc. The sale does not change the carrying value per share; therefore, the total carrying value of the remaining shares is simply half of the original carrying value due to the sale of half the ownership. Hence, the carrying value of the remaining shares is $180,000 / 2 = $90,000.

Answer:

The solution to the given problem is done in excel and an image of the solution is attached.

What is the bond's yield to maturity?

10.35%

What is the bond's yield to call?

10.13%

please find the attached for the solution

Answer:

pro forma Balance sheet

                             old increased

assets    

non current assets   37800 43470

net PPE                   37800 43470

Current assets   15400 17710

Inventory          9000 10350

Accounts receivable  3900 4485

cash                      2500  2875

total assets           53200 61180

Equity & Liabilities    

common stock    15000 15000

retained earnings   6800 13930

total                           21800 28930

Liabilities    

long term debt   24000 24000

Current liabilities   7400 7760

Accounts payable   2400 2760

notes payable   5000 5000

total                             53200 60690

EFN = 61180 - 60690 = 490

PAYOUT RATIO = dividends / net income

additions to retained earnings = net income less dividends

Explanation

Retained earnings = old retained earnings plus additions to retained earnings = 6800 + 7130 =13930

Missing parts of the Question

Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION

Income Statement

 Sales     $ 48,500  

 Costs      34,500  

 Taxable income     $ 14,000  

 Taxes (35%)      4,900  

 Net income     $ 9,100  

     Dividends $ 2,900      

     Addition to retained earnings  6,200      

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION

Balance Sheet

Assets  Liabilities and Owners’ Equity  

 Current assets      Current liabilities    

   Cash $ 2,500      Accounts payable $ 2,400  

   Accounts receivable  3,900      Notes payable  5,000  

   Inventory  9,000        Total $ 7,400  

     Total $ 15,400    Long-term debt $ 24,000  

 Owners’ equity    

 Fixed assets        Common stock and paid-in surplus $ 15,000  

   Net plant and equipment $ 37,800      Retained earnings  6,800  

     Total $ 21,800  

 Total assets $ 53,200    Total liabilities and owners’ equity $ 53,200  

1.Prepare a pro forma balance sheet, assuming a 10 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

2.Calculate the EFN. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

The Urgent Messenger Service had a net income of $335,850 for the fiscal year ended November 30, 20Y1, after taking into account all expenses from their revenue of $990,000.

To create an income statement, we need to list all revenues and expenses and calculate the net income. The fees earned are our revenue, and the various expenses are all deductibles from that revenue.

The revenue for Urgent Messenger Service for the year ending November 30, 20Y1 is $990,000 (Fees Earned).

The total expenses are the sum of Depreciation Expense ($12,200), Insurance Expense ($5,750), Miscellaneous Expense ($6,650), Rent Expense ($80,000), Salaries Expense ($502,400), Supplies Expense ($7,150) and Utilities Expense ($40,000). This totals to $654,150.

To find the net income, subtract the total expenses from the total revenue: $990,000 (revenue) - $654,150 (expenses) = $335,850. So, the net income for Urgent Messenger Service for this fiscal year was $335,850.

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Solution and explanantion:

Answer A  

The Relevant cost of special order  

Direct material         6  

Direct Labor              4  

Overhead (9*2/3)           6  

Shipping Cost          2  

Total cost                 18  

Add: Profit Increase in operating Income 3  

Therefore, the Price to be charged 21    

Answer B  

The relevant total cost (18*30000)                 540000  

The loss of contribution magin (28-18)*30000 300000  

The desired Increase in operating Income           60000  

The total price                                                  900000  

The No.of Units                                                     30000  

Therefore, the Price to be charged per unit 30

Answer:

Target customers and products

Explanation:

Businesses should be developed in the future along the line of its target customers and also in consideration of the type of products it produces. the main aim of every business is to meet and solve the needs of its target customers and its development should as well be tailored to always fulfill the need of its target customers.

Business are not developed based on specifics related to the supplier because the suppliers are not the end users of the project but the target customers are.

Answer:

The equivalent units for direct materials are 43,240.

Explanation:

Given:

During a​ period, 40,200 units were completed and​ 3,200 units were in ending WIP Inventory. Ending WIP was​ 95% complete for direct materials.

Now, to find the equivalent units for direct​ materials.

Complete units = 40,200.

Ending WIP (work in progress) Inventory = 3,200.

As, ending WIP was​ 95% complete for direct materials.

Thus, ending WIP Inventory = 95% of 3,200.

= [tex]\frac{95}{100} \times 3,200[/tex]

[tex]=0.95\times 3,200[/tex]

[tex]=\$3,040.[/tex]

Now, to get the equivalent units for direct​ materials by adding complete units and ending WIP Inventory:

[tex]Complete\ units\ +\ ending\ WIP\ Inventory[/tex]

[tex]=40,200+3,040[/tex]

[tex]=43,240.[/tex]

Therefore, the equivalent units for direct materials are 43,240.

Final answer:

The equivalent units for direct materials are calculated by adding the fully completed units with the percentage completion of the ending WIP inventory. In this case, with 40,200 units completed and 3,200 units 95% complete for direct materials, the equivalent units for direct materials would be 43,240 units.

Explanation:

To calculate the equivalent units for direct materials, we need to take into account both the units that were completed during the period as well as the units that were in the ending Work-In-Process (WIP) Inventory. The completed units are already 100% complete, so all of those units count towards the equivalent units for direct materials. For the ending WIP inventory, since they are 95% complete for direct materials, we only count 95% of those units.

The formula to calculate the equivalent units for direct materials is as follows:
Equivalent Units for Direct Materials = (Units Completed) + (% Complete of direct materials for Ending WIP Inventory * Units in Ending WIP Inventory).

Using the numbers given:
Equivalent Units for Direct Materials = 40,200 + (0.95 * 3,200).

We then perform the calculation:
Equivalent Units for Direct Materials = 40,200 + 3,040 = 43,240 equivalent units for direct materials.

Answer:

The journal entry are as follows:

Bad debt expense A/c Dr. $23,720

             To Allowance for doubtful accounts    $23,720

(To record the bad debt expense)

Workings:

Bad debt expense:

= Total uncollectible accounts - Allowance for Doubtful Accounts (Credit balance)

= $27,500 - $3,780

= $23,720

Answer:

(1) 142.37;  2.56 days

(2) 9.93; 36.76 days

(3) 107.52; 3.39 days

Explanation:

(1) For WalCo,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($1,735 + $2,682) ÷ 2

= 2,208.5

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $314,427 ÷ 2,208.5

= 142.37

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 142.37

= 2.56 days

(2) For TarMart,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($5,766 + $6,294) ÷ 2

= 6,030

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $59,878 ÷ 6,030

= 9.93

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 9.93

= 36.76 days

(3)  For CostGet,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($549 + $585) ÷ 2

= 567

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $60,963 ÷ 567

= 107.52

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 107.52

= 3.39 days

Lake Sales needs a sales volume of at least $2,033,333.33 to yield an operating profit of $240,000. This calculation was reached by first identifying the company's fixed costs and then using this information along with the contribution margin ratio and desired operating profit to find the required sales volume.

The question first requires us to understand the definition of contribution margin ratio. It is defined as the profit per item or unit sold after variable costs are deducted from the sales price, shown as a percentage. In this case, the contribution margin ratio is 30% which means that 30% of each dollar in sales is contributing to cover the fixed costs and the remaining to profit.

Given that Lake Sales had operating profits of $180,000 on sales of $2,200,000, we can first find the fixed costs. Fixed costs can be calculated as sales - (sales * contribution margin ratio) - operating profits, which equates to $2,200,000 - (0.3 * $2,200,000) - $180,000 = $370,000.

Knowing this, we can calculate the sales volume required to reach a certain operating profit. The formula is Fixed costs + Desired operating profit / Contribution margin ratio, substituting gives us the required sales volume as ($370,000 + $240,000) / 0.3 = $2,033,333.33. Therefore, Lake Sales would need a sales volume of at least $2,033,333.33 to yield an operating profit of $240,000.

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Answer: Arbitration  

Explanation:

 The arbitration procedure is one of the type of private processing method that is used for resolve the various types of disputes in the court after hearing all the evidences and the reasoning.

The arbitration is one of the procedure that makes various types of decisions and the dispute is majorly submit by the parties in the form of agreement.

According to the given question, the arbitration procedure basically determining the different merit according to the case and then make their judgement.  

 Therefore, Arbitration is the correct answer.

Answer:

It is  better to receive the $500,000 now.

Explanation:

Giving the following information:

Option 1:

Receive $500,000 today.

Option 2:

Three annual payments of $100,000, $200,000 and $300,000 at the end of each year.

Annual interest of 9%.

There are two different ways of determining which option is the best. We can calculate the present value of the three payments and compare them to $500,000, or calculate the final value at an interest rate of 9% compounded annually.

Present value:

PV= FV/(1+i)^n

The present value of the second option:

PV= 300,000/1.09^3 + 200,000/1.09^2 + 100,000/1.09= $491,734.17

Final value:

FV= PV*(1+i)^n

Option 1:

FV= 500,000*(1.09)^3= $647,514.5

Option 2:

FV= 100,000*1.09^2 + 200,000*1.09 + 300,000= $636,810

In both ways, option 1 is better.

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800