Answer:
Explanation:
The bad smell is a cost into the society that result from production of goods. A trade-off is what you give up to benefit from the choice of another alternative. If the bad result was removed, there would be a trade-off between having a good environment and production of commodities for the purpose of growing economically. If production of goods is reduced, it means the quality of life will improve and that enhances development.
If the bad result of a terrible smell is reduced, there would be a trade-off of a decrease in economic production.
Explanation:In a country where most economic production results in a terrible smell, there is a trade-off if the bad result is reduced. The trade-off would be a decrease in economic production. This is because reducing the terrible smell may require implementing measures that could be expensive and time-consuming for businesses, leading to a decrease in productivity and output.
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Amazon was an e-commerce leader with its rapid distribution of a wide array of products, but the firm now faces competition from eBay, Yahoo, and Google.This example illustrates the __________.
Answer: The difficulty of maintaining competitive advantage.
Explanation:
Amazon is experiencing difficulty in maintaining its competitive advantage in internet marketing, as other competitors are now gaining greater portions of it's market. Competitive advantage in marketing, are those qualities a business possess that enables it to dominate it competitors.
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A’s software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 12 minutes at a cost of $3.60 per search. What option would have highest productivity in terms of revenue per dollar per input?
Answer:
Explanation:
Productivity per unput dollar=Fees charged from clients/total cost to firm
There are 3 options:
1. Using current software:
Av time=40 min
Researcher's cost=$2 a min
Total cost=40*2=80
Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5
2.
Using company A's software
Av time=30min
Cost of reducing av time=$3.5
Researcher's cost=$2
Total =30*2+3.5=63.50
Productivity per dollar input=400/63.5=6.3
3.
Using company B's software
Av time = 28 min
Cost of reducing av time=$3.6
Researcher's cost=$2
Total cost=28*2+3.6=59.6
Productivity per dollar input=400/59.6=$6.71
Answer - Using company B's software
With an ATM checking account, you are typically charged a fee if you use teller services (walk-in or drive-through).
True or False?
Answer:
With an ATM checking account, you are typically charged a fee if you use teller services is a false statement.
Explanation:
The ATM facility has been rolled out in order to dispense convenience to the users of cashless transactions or of withdrawing cash whenever need. This service is not charged as long as there are not any extra facilities demanded like that of international transactions. Charging a fee for using an ATM would decrease the number of its users drastically.Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 cookies in an hour. Suppose that LeBron could move 16 boxes or bake 4 cookies in an hour. Is trade possible?
A. No, trade isn’t possible, because LeBron has an absolute advantage in both making cookies and moving boxes.
B. Yes, trade is possible. Stephen should move boxes while LeBron makes cookies, because Stephen has a comparative advantage in moving boxes, whereas LeBron has a comparative advantage in making cookies.
C. Yes, trade is possible. Stephen should make cookies while LeBron moves boxes, because Stephen has a comparative advantage in making cookies and LeBron has a comparative advantage in moving boxes.
D. No, trade isn’t possible, because Stephen has an absolute advantage in both making cookies and moving boxes.
Answer:
Option (c) is correct.
Explanation:
Stephen can move 70 boxes or bake 28 cookies in an hour:
Opportunity cost of producing a box = (28 ÷ 70)
= 0.4 cookies
Opportunity cost of producing a cookie = (70 ÷ 28)
= 2.5 boxes
LeBron could move 16 boxes or bake 4 cookies in an hour:
Opportunity cost of moving a box = (4 ÷ 16)
= 0.25 cookies
Opportunity cost of making a cookie = (16 ÷ 4)
= 4 boxes
Therefore,
Stephen has a comparative advantage in making cookies because the opportunity cost of making cookies is lower than the LeBron.
LeBron has a comparative advantage in moving boxes because the opportunity cost of moving boxes is lower than the Stephen.
Yes, the trade is possible.
Stephen should make cookies and LeBron should move boxes.
On March 1, 2018, Beldon Corporation purchased land as a factory site for $65,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15, 2018. Costs incurred during this period are listed below: Demolition of old building $ 6,500 Architect’s fees (for new building) 17,000 Legal fees for title investigation of land 4,500 Property taxes on land (for period beginning March 1, 2018) 3,500 Construction costs 550,000 Interest on construction loan 7,500 Salvaged materials resulting from the demolition of the old building were sold for $2,500.
Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building.
Answer:
$73,500; $578,000
Explanation:
Capitalized cost of land:
= Purchase of land + Demolition of old building + Legal fees for title investigation - Salvaged materials resulting from the demolition
= $65,000 + $6,500 + $4,500 - $2,500
= $73,500
Capitalized cost of building:
= Construction costs + Interest on construction loan + Architect's fees + Property taxes (before construction to be capitalized
= $550,000 + $7,500 + $17,000 + $3,500
= $578,000
An increase in financial leverage generally results in a higher return on equity (ROE)
True or False?
Answer:
The statement is: True.
Explanation:
According to the DuPont analysis, three factors are influencing the increase of the Return On Equity (ROE): the efficiency of operations, the efficiency of the company's assets, and the financial leverage. The DuPont analysis studies those three factors and how they help the ROE to increase or decrease.
After you collect data on risks and recommendations, you include that information in a report, and you give that report to management. Why do you do this?
Answer:
becauase if you dont then, if that problem ever continues again and you are for some reason not there that day then, your boss would need to know how to fix it
Explanation:
describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences
Answer:
Explanation:
Crypto currencies are a digital payment instrument. It is about creating a distributed, decentralized and secure digital payment system using cryptographic principles.
Bitcoin is a cryptocurrency, the creation and sharing of which is based on an open source cryptographic protocol and is not centrally based. Bitcoin can be transferred directly from a computer or smartphone without a third party financial institution. The security of Bitcoin transactions is ensured by servers called bitcoin miners. A user may have one or more bitcoin accounts to receive or transfer bitcoins to another account. Your Bitcoin account can be online or downloaded to your computer by downloading a program called a "digital wallet". The Bitcoin account consists of 33 characters, and the account number starts with 1 or 3.
Counos is a type of cryptocurrency similar to Bitcoin. This digital currency is based on a user-friendly peer-to-peer payment network. In this cryptocurrency type, a clean consecutive version of the electronic payment system for the creation and transfer of coins based on an open-source cryptographic protocol is occurring. This type cryptocurrency is a complex combination of privacy policy, bank regulation and technological innovations. There are some definitions in the Counas cryptocurrency. These include:
1) Counos Coin
This type of electronic coin is the same algorithm as the Bitcoin algorithm and can be issued for 16,800,000 coins and the alpha can produce the rest of the last 21,000,000 coins.
2) Counos Cash
Counos Cryptocurrency CSC was released by Int.GmbH Forks on July 30, 2018 through an open-source client on the ICO Lister website. The fixed price of the Swiss franc and the company itself, the sale of which is confronted with market prices or price reductions, is a signal of remittances and sales of goods and sales. This single currency has the same algorithm as the Counos Coin and is worth all 21 million coins and is equivalent to one gram of gold coin in the Swiss box as a support for the controlled person. The minimum price of this coin is 1 gram of gold and is practically copied without gold being converted into digital currency.
Cryptocurrencies are termed as digital currencies that are operated independently of banks and governments but can be exchanged – and speculated on – in the same way, that physical currency can.
The two types of cryptocurrencies are:
BitcoinsAltcoinsThe examples of two cryptocurrencies are:
The altcoin has been formed by combing two words: ALTernative COIN. Alternative coins to Bitcoin are referred to as altcoins. All other digital currencies, with the exception of bitcoin, are classified as alternative coins.
Altcoins comprise Litecoin, Ethereum, Ripple, Bitcoin Cash, NEO, and others.
Bitcoin is a publicly owned, digital form of currency that sends and receives payments securely using cryptography. Bitcoin is a type of digital currency that can be used to donate to a website like Wikileaks using a cell phone.
Many cryptocurrencies are blockchain-based decentralized systems that do not require a trusted third-party such as a central bank or credit card company to operate.
Peer-to-peer transfers are facilitated in this case by the use of private and public keys. Alternative coins, also known as alt-coins, include Litecoin and Monero. Some are forks or new cryptocurrencies that have split or derived from an existing one, while others are imitations of Bitcoin.
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You would like to implement an interval DRO procedure with one of your students with autism to decrease hand flapping (so that you can get the student to attend to her work eventually). You conduct some baseline observations and find that the student stops flapping her hands for about 2 minutes on average. What would an appropriate initial DRO interval be
Answer: one minute, forty-five seconds(1:45secs)
Explanation: DRO (DIFFERENTIAL REINFORCEMENT OF OTHER BEHAVIOR) is a procedure used to reinforce or reward a student of an undesireable or negative Behavior was not repeated over a given period of time. This approach is positive and not Purnishment or penalty is involved in this procedure, in certain instances it requires a 1:1 Student: Teacher ratio and an observer who is independent to record data and where necessary, It usually doesn't put the students under any pressure or compulsion.
The IMA suggests that, when faced with an ethical dilemma, the first thing management accountants should do is call the IMA's ethics hotline to report the unethical behavior.
a. True
b. False
Answer:
False
Explanation:
Ethical dilemma is a situation where one is faced and has to decide on choosing between two-conflicting moral issues. Since ethical dilemma is present in all professions, Institute of Management Accountant provided a guideline which management accountants can follow to resolve the ethical dilemma. According to Institute of Management Accountant`s ethics guideline, the first thing management accountants should do when faced with ethical dilemma is to follow established policies of their organisations, not calling the IMA`s ethics hotline to report the unethical behavior. If the established policies in the organisation are not strong enough to resolve the issue, management accountants should inform their immediate supervisor. It`s after these two steps fail, that they can call the IMA`s ethics the issue.
So calling the IMA`s ethics hotline is not the first thing to do. Consequently, the answer is false.
The claim that management accountants should first call the IMA's ethics hotline when facing an ethical dilemma is false.
The statement that the IMA suggests that the first thing management accountants should do when faced with an ethical dilemma is to call the IMA's ethics hotline to report unethical behavior is false. While whistleblowing hotlines and ethics resources are important tools, it is recommended that individuals consider a range of actions when confronted with ethical issues.
This could include asking questions to bring attention to the problem, using facts or reason to discuss concerns, considering the consequences of actions, and being mindful of their own contributions to unethical behavior. It is essential for individuals to think about their own ethical values and be prepared to act in accordance with them, which may include, but not limited to, reporting unethical behavior.
Deluxe Company expects to pay a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then be sold for $32 per share at the end of year 2. If the required rate of return on the stock is 15 percent, what is the current market value of the stock?
Answer:
The current price of the stock is $28.20
Explanation:
The stock rate of return is 15% this includes both, the dividends and capital gains. Therefore, we should discount our expected cash flow at the required return rate:
Year 1:
2 / (1 + 0.15) = 2 / 1.15 = 1.73913
Year 2:
(3 dividends + 32 stock) / 1.15^2 = 35/ 1.3225 = 26.4650
Then we add both discounted cash flow:
1.73913 + 26.4650 = 28.20413
The current market value of the Deluxe Company stock is calculated by discounting the future dividends and sale price using a 15% rate of return. It amounts to $28.2377 per share after adding the present values of the expected dividends and the sale price together.
To calculate the current market value of the Deluxe Company stock, considering the expected dividends and the sale price at the end of year 2, we would discount these future cash flows back to their present value using the required rate of return, which is 15%. The present value of the year 1 dividend ($2) is calculated by dividing $2 by (1+0.15)1. The present value of the year 2 dividend ($3) is calculated by dividing $3 by (1+0.15)2. And finally, the present value of the sale price ($32) at the end of year 2 is calculated by dividing $32 by (1+0.15)2. Adding these present values together gives us the stock's current market value.
The present value calculations for each cash flow stream are:
Year 1 dividend: $2 / (1.15)1 = $1.7391
Year 2 dividend: $3 / (1.15)2 = $2.2660
Sale price at the end of year 2: $32 / (1.15)2 = $24.2326
Adding these up, the current market value of the stock is $1.7391 + $2.2660 + $24.2326 = $28.2377 per share.
We observe that total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the following is true if marginal cost is constant?
a. Fixed Cost = $100
b. Fixed Cost = $200
c. Fixed Cost = $300
d. Fixed Cost = $400
Answer:
c. Fixed Cost = $300
Explanation:
Because marginal cost is constant we can find the variable cost per unit and then subtract the total variable cost from the total cost in order to find the fixed cost. The firms total cost increase $300 (from 1500 to 1800) when output increases by 10 units (from 40 to 50), so the variable cost per unit is 300/10=30.
Now to calculate the total variable cost we will multiply variable cost per unit by the number of units.
50*30= 1500
Now we will subtract 1500 from 1800 in order to find the fixed cost.
1800-1500=300
Fixed cost is $300.
In this scenario, the firm's fixed cost would likely be around $300, not $100, $200, or $400, as stated in the choices. This calculation assumes a constant marginal cost.
Explanation:In this scenario, the marginal cost is the cost of producing one additional unit. Since the marginal cost is constant, it remains the same for every additional unit produced. Therefore, if the total cost increases by $300 ($1,800-$1,500) to produce 10 more units (50-40), the marginal cost is $300/10 = $30 per unit.
The fixed cost, however, remains the same regardless of the level of output. Therefore, none of the options provided could be the fixed cost since none of them refer to costs that would remain the same regardless of output levels.
However, if we were to estimate the fixed cost in this scenario, we would subtract the total variable cost (which is the number of units times the marginal cost) from the total cost. For example, if there are 40 units going to 50 units, the total variable cost would be 50*$30 = $1500. The total cost is stated to be $1800. Therefore, the fixed cost would be $1800 - $1500 = $300.
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A fee interest timeshare divides the ownership of a unit into separate time intervals.
A. True.
B. False.
Answer:
The correct answer is letter "A": True.
Explanation:
A fee interest timeshare or a simple fee represents the highest possible ownership interest someone can hold in real estate. It implies the property in reference is deeded so it is provided officially the owners to the document holder. Thus, that individual could use the property at will.
Sheridan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $26,400. All sales are subject to a 10% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable and sales revenue.
Answer and Explanation:
Compute sales taxes payable:
cash $26,400 -
sales revenue - $23,760
sales tax payable - $2,640
make the entry to record sales taxes payable and sales revenue:
sales tax payable $2,640 -
cash - $2,640
Answer:
Explanation:
Sales revenue x (100%+sales tax rate) = sales revenue with tax
sales revenue x 1.10 (100%+10%) = 26400
sales revenue = 26400/1.10
sales revenue = 24000
Sales revenue with tax - sales revenue = sales tax
26,400 - 24,000 = 2,400
journal entry
cash. 26,400
Sales revenue. 24000
Sales tax. 2400
You are in charge of creating a podcast of an interview with the CEO of your company. The audio file will be posted on the company's website. You decide to make a transcript available so that audience members with hearing impairments will be able to read the interview.
Which measure of excellence in technical communication does this decision reflect
Answer:
The measure of excellence in technical communication that the decision would affect is accessibility.
Explanation:
The decision would extend the range of listeners of the podcasts and that would mean an increase in the number of audiences. As a CEO, the individual would be deemed to be as both, intelligent and compassionate. The decision would probably start a new trend in the discipline of podcasts where the competitors would also choose to do the same.Shen spends $200 to purchase legal service from Rowan and Martin Associates. Valerie spends $8 to order a mojito cocktail. Shen earns $375 per week working for Little Havana. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply. The $375 per week Shen earns working for Little Havana The $200 Shen spends to purchase legal service from Rowan and Martin Associates The mojito Valerie receives
The flows from a household to a firm are the $200 Shen spends on legal services and the labor Shen provides to Little Havana in exchange for his weekly earnings of $375.
Explanation:In this scenario, the elements representing a flow from a household to a firm are the $200 Shen spends to purchase legal service from Rowan and Martin Associates and the $375 per week Shen earns working for Little Havana. Here's why:
When Shen pays $200 for legal services, this is a flow of dollars from Shen (a household) to Rowan and Martin Associates (a firm).The $375 Shen earns weekly is a flow of dollars from Little Havana (a firm) to Shen (a household). However, in exchange for this income, Shen is providing labor to Little Havana, which is an input to the firm from the household.Learn more about Economic Flow here:https://brainly.com/question/33276150
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What do you believe are the two most significant components of the medical billing workflow?
Answer:
Explanation:
Six critical components for medical calculation (the first two are the most important):
1: Eliminate confusion that it is really an invoice.
Insured patients often receive two service-related communications - a certificate of benefit from an insurance company (EOB) and an invoice from a health care professional. EOBs usually include service history, work done, who the provider is, the amounts allowed under the insurance plan, adjustments, deductions and patient liability.
2: Make sure the patients know what the invoice is.
For recurrent patients, there may be confusion as to what service or design the bill is about. Specify the date of service, medical care, and services provided so that the patient can see the amount paid.
3: Provide clear line items showing prepaid patient payments (co-payments) and contributions from the insurance company.
Explain to patients what credits are already used in the invoice. This can help insurers understand what they contribute, personal responsibility, and promote timely payments.
4: Provide invoices as patients wish to receive.
For some patients, paper invoices may be the method they choose to consult with health care providers. For others, electronic invoices may be more appropriate. Paper sheets can offer patients the opportunity to pay by check, write their payment card information, or use an online portal that supports one-time guest payments. Electronic invoices can reduce the cost of printing and shipping paper invoices, eliminate delays in document invoices, and provide direct access to online portals where they can edit and manage their billing practices.
5: Provide patients with different options to pay.
As patients prefer paper or electronic invoices, they have choices about how they want to pay. Some love the convenience of paying with a credit card, while others may opt for cash, check or debit card transactions. From billing solutions that support multiple payment methods and payment channels to credit card transactions on mobile devices, one billing solution can increase your ability to pay on time.
6: Help patients along the way.
No matter how much a health worker strives to meet the needs of his patients, patients will have questions regarding referral reports. Useful support professionals (both online and by phone) can provide easy access, help patients better understand their laws and encourage their timely payment.
The two most significant components of the medical billing workflow are Patient Registration and Claims Submission. Patient Registration involves gathering and updating the patient's information, while Claims Submission involves billing the insurance company for services provided.
Explanation:In my opinion, the two most significant components of the medical billing workflow are Patient Registration and Claims Submission. Patient Registration is the first and one of the most crucial steps where a record of each patient is created or updated, including their medical history, current diagnosis, and insurance details. Incorrect information in this stage may lead to claim denials later. Claims Submission, on the other hand, is the stage when the healthcare provider submits a claim to the insurance company for the services provided. Any errors in coding, documentation, or submission can result in rejected or denied claims, hyrting the efficiency of the entire process.
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What is the future value of a $980 annuity payment over six years if interest rates are 10 percent?
Final answer:
The future value of a $980 annuity payment over six years at a 10 percent interest rate can be found using the future value annuity formula, and is approximately $7,561.30.
Explanation:
The question asks for the future value of an annuity payment. When dealing with an annuity (a series of equal payments made at regular intervals), the future value can be calculated using the formula for the future value of an annuity due to compounded interest. Given a 10 percent interest rate, a $980 annuity payment, over six years, we can use the future value annuity formula:
FV = P × { [(1 + r)^n - 1] / r }
where:
FV = Future Value of the annuity
P = Payment amount per period ($980)
r = Interest rate per period (10% or 0.10)
n = Number of periods (6 years)
Plugging the values into the formula gives:
FV = $980 × { [(1 + 0.10)^6 - 1] / 0.10 }
FV = $980 × { [1.10^6 - 1] / 0.10 }
FV = $980 × { [1.771561 - 1] / 0.10 }
FV = $980 × { 0.771561 / 0.10 }
FV = $980 × 7.71561
FV ≈ $7,561.30
The future value of the $980 annuity payment over six years at an interest rate of 10 percent is approximately $7,561.30.
Dimeback, Inc., is obligated to pay its creditors $7,400 during the year. Required: (a) What is the market value of the shareholders' equity if assets have a market value of $10,800? (b) What if assets equal $6,500?
Answer:
a. $3,400
b. $0
Explanation:
As we know
Total assets = Total liabilities + owners equity
a. In the first case
The shareholder equity would be
= Total assets - total liabilities
= $10,800 - $7,400
= $3,400
b. In the first case, the shareholder equity would be zero as it should not be negative. The negative value would be
= Total assets - total liabilities
= $6,500 - $7,400
= -$900
So it would be zero
On September 30, 2018, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $340 million. The bonds mature on September 30, 2038 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30.
Required:
Determine the price of the bonds on September 30, 2018. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.)
Answer:
The price of the bond is $281.6 million
Explanation:
In order to calculate the price of the bond we need to know its par value/future value which is given to us as $340 million, the interest rate which is also given to us as 10%, the payments which are 8% of the face value and number of periods to maturity. However because this is a semi annual bond we will have to adjust the interest rate, payments and number of periods accordingly.
Interest = 10/2= 5% because semi annual
Payment = 0.08* 340 million *0.5= 13 .6 million
Number of periods = 20*2=40
Now we will input the following into a financial calculator in order to find the price of the bond.
FV= 340 million
I=5
N= 40
PMT= 13.6 million
Compute PV=281.6 million
Which term refers to the distinctive benefits that make a product different than any other
Answer:
Unique Selling Proposition (USP)
Explanation:
A unique selling proposition or unique product approval is a distinctive consumer motive, an alternative to image and “entertaining” advertising. USP is a part of the competitive advantage on the basis of which the client chooses a company or product (based on the properties of the product or service).
A unique selling proposition, according to the original theory, consists of three parts (implies the application of all approval points at the same time):
-Each advertising message contains an appeal to the buyer with a promise of specific benefits.
- The offer is formed in such a way that the competitor either cannot give it, or did not manage to put forward earlier.
-Offer must have great power to attract as many consumers as possible.
In marketing, the USP strategy is considered one of the main rational strategies for communicating with potential buyers, a strategy for advertising products.
-USP is determined not only by what is inherent in the product itself;
-USP is determined by what and how it is said about this product in advertising.
In order to skillfully use the UTP strategy in modern conditions, it is important for marketers to understand what kind of statements about a product are perceived as unique, and to be able to predict the features of perception of such advertising.
The task of the marketer, in relation to the USP, is the need:
-assessment of the conformity of the marketing proposal to the consumer's established notions of the integrated quality of the goods.
- anticipate unwanted reactions of potential consumers and try to neutralize them;
- evaluate the uniqueness of the competitors' offer and use a counter-proposal in communication or reveal another uniqueness;
Check My Work (1 remaining) Fraud detection is an important element of minimizing losses from fraud, and it is important that frauds be detected as early as possible. Early detection is important because, in most cases, losses are greater at the beginning of a fraud and decrease significantly over time. a. True b. False
Explanation:
The early detection of fraud needs to be done for the following reason:
Fraud will continue if not found earlier and thus leads to greater lossThe fraud team is not widen before huge loss happensEasy to recoverPossibility of finding the loop holes even if it is from external sourcesDetects weakness in the internal control and eradicate and make the system secureAvoid huge loss and threatsTo gain profitsTo keep up the name of the organizationTo bring business and to retain customers
Ladders, Inc. has a net profit margin of 5.5 % on sales of $ 50.9 million. It has book value of equity of $ 40.9 million and total book liabilities of $ 28.6 million. What is Ladders' ROE? ROA? Note: Assume the value of Interest Expense is equal to zero.
Answer:
ROE=2.7995/40.9=6.84%
ROA=2.7995/69.5=4.03%
Explanation:
ROE
Return on equity of Ladder, Inc shall be calculated using the following formula:
ROE=Net profit/Equity
Net profit=5.5%*50.9=$2.7995 million
Equity=$40.9 million
ROE=2.7995/40.9=6.84%
ROA
Return on asset of Ladder, Inc shall be calculated using the following formula:
ROA=net profit/total assets
net profits=$2.7995 million
Total assets=Total equity+total liabilities
=40.9+28.6
=$69.5 million
ROA=2.7995/69.5=4.03%
Final answer:
Ladders, Inc.'s Return on Equity (ROE) is approximately 6.84%, calculated by dividing the net income by the shareholder's equity. The Return on Assets (ROA) is approximately 4.02%, found by dividing the net income by the total assets.
Explanation:
The student asks how to calculate a company's Return on Equity (ROE) and Return on Assets (ROA), using Ladders, Inc.'s financial data. To calculate the ROE, we use the formula: Net Income / Shareholder's Equity. With a net profit margin of 5.5% on sales of $50.9 million, Ladders' net income is $2.7995 million (0.055 * $50.9 million). The shareholder's equity is the book value of equity which is $40.9 million. Therefore, the ROE is $2.7995 million / $40.9 million, which gives approximately 6.84%.
For calculating ROA, the formula is: Net Income / Total Assets. Total assets are the sum of liabilities and equity, which is $28.6 million plus $40.9 million, equalling $69.5 million. The ROA would be the net income of $2.7995 million divided by total assets of $69.5 million, resulting in approximately 4.02%.
On December 31, 2017, Hattie McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 25,000 shares of its common stock for $38 per share, receiving $950,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $250,000 cash, are used to liquidate the $1,200,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018. Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet. (Enter account name only and do not provide descriptive information.)
Final answer:
The $1,200,000 of short-term debt should be listed as 'Notes Payable' under current liabilities on the December 31, 2017, balance sheet, reflecting the obligation that existed at that date even though it was subsequently paid off with the proceeds from a stock issuance.
Explanation:
The $1,200,000 of short-term debt should be classified on the December 31, 2017, balance sheet as a current liability, given that the debt is due within the upcoming year.
However, considering that the company has raised enough funds to cover the debt through the issuance of common stock, and the balance sheet is issued after the stock sale but before the debt payoff, the treatment of this item can reflect the post-balance-sheet event which provides evidence about conditions that existed at the balance sheet date.
Therefore, the $1,200,000 should still be presented as a Notes Payable under current liabilities on the balance sheet dated December 31, 2017.
Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each. What is Elenor’s gross profit on this transaction?
Answer:
$5,600
Explanation:
Data provided in the question:
Number of units of inventory sold = 400 units
Selling cost of the inventory = $40 each
Original cost of the inventory = $26 each
Now,
Total inventory cost of the units sold = 400 × $26
= $10,400
Total selling cost of the inventory sold = 400 × $40
= $16,000
Therefore,
Elenor’s gross profit on this transaction
= Total selling cost of the inventory sold - Total inventory cost of the units sold
= $16,000 - $10,400
= $5,600
Elenor's gross profit is calculated by subtracting the total cost of inventory from the total sales revenue. With 400 units sold at $40 each and a cost of $26 each, the gross profit is $5,600.
Explanation:To calculate Elenor's gross profit on the transaction, we need to deduct the total cost of the inventory from the total sales revenue. First, we calculate the total sales revenue: 400 units sold at $40 each gives us $16,000. Next, we calculate the total cost of the inventory: 400 units purchased at $26 each costs Elenor $10,400.
Now, to find the gross profit, we subtract the total cost from the sales revenue: $16,000 - $10,400 = $5,600.
Therefore, Elenor's gross profit on this transaction is $5,600.
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On January 2, 2017, Coronado Corporation issued 31000 shares of 5% cumulative preferred stock at $100 par value. On December 31, 2020, Coronado Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
Answer:
$155,000
Explanation:
The amount of dividends that will be received by the Preferred stock holder before any dividend is made to the common stock holders shall be determined as follow:
Amount to be received by the Preferred stock holder=Number of preferred shares*Percentage on preferred shares*par value of preferred share.
Amount to be received=31,000*5%*100=$155,000
Keiko sells a piece of equipment used in her business for $14,853 on August 10, 2019. The equipment was purchased on January 4, 2018 at a cost of $12,849. Keiko has taken $3,855 of depreciation on the equipment. What is the amount and classification of the gain on the sale by Keiko?
Answer:
as per Section 1231 , gain = $2,004
as per Section 1245 here ordinary income = $3,855
Explanation:
given data
Sale value = $14,853
Original cost = $12,849
Depreciation = $3,855
solution
we know that by provisions when sale value is more than original cost
than there excess amount will be treated as the section 1231 capital gain
and that gain up to depreciation amount will be treated as ordinary income under the section 1245
so here we get here first total profit that is
total profit = $14,853 - $12,849 - $3,855
total profit = $5,859
so as per Section 1231
gain = $14,853 - 12,849
gain = $2,004
and
as per Section 1245
here ordinary income = $3,855
PGP Co. expects to issue a $1,000 face-value bond that matures in 8 years. The annual coupon rate is 9% and interest payments are expected to be paid annually. Similar bonds are currently priced at 101.4% of face value. Given this information, what is the required return by bond holders
Answer:
Required return is 8.75%
Explanation:
Given,
FV (Face Value) is $1,000
PV (present Value) is computed as:
PV = FV × Price
= $1,000 × 101.4%
= $1,014
Nper (Number of years) is 8 years
PMT (Monthly payment) is computed as:
PMT = FV × Coupon rate
= $1,000 × 9%
= $90
r (Required return) is computed by using the excel formula:
=Rate(nper, pmt, pv, fv, type)
= Rate (8,90,-1014,1000,0)
= 8.75%
"________ marketers use online marketing to reach new business customers, serve current business customers more effectively, and obtain buying efficiencies and better prices."
Answer:
The correct word for the blank space is: Business.
Explanation:
Information Technology is part of nowadays business. It is a tool that lowers barriers for buyers and sellers from different regions to meet. From the sellers' end, it allows them to know more about customers, what their needs are, and also to have an overall idea of what their competitors might be doing to improve their marketing processes and boost sales.
Contemporary best-selling management books often argue that customers are the most important element in the external environment. Do you agree
Answer:
NO, I DO NOT AGREE
Explanation:
External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.
the micro environment factors are PESTLE
customer, suppliers, competitor, public perception,
the macro environment factors are PESTLE
P -political
E - Economic
S -Socio cultural
T - Technological forces
L - Legal
E - Environmental factors
All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.
Final answer:
The emphasis on customers as a crucial external element in management literature reflects their power to determine a company's success, and understanding economics can provide managers with a competitive advantage. However, executives often prefer less competition to ensure easier profit maximization.
Explanation:
Indeed, contemporary best-selling management books often emphasize that customers are the most important element in the external environment of a business. This perspective underlines the power that customers hold in making managerial decisions effective or ineffective, based on their choices to buy or not to buy a company's products or services. Customers determine the success of businesses through their purchasing power, as highlighted by the notion that "The Customer Is Always Right."
Additionally, it's argued that understanding economics can give managers a competitive advantage in creating value for the customers. However, the notion that top executives favor market competition is challenged by the preference for a monopoly or at least reduced competition to maximize profits, as competition could mean tougher conditions for maintaining high profit levels.