If an investor buys a T-bill with a 90-day maturity and $50,000 par value for $48,500 and holds it to maturity, what is the annualized yield

Answers

Answer 1

Answer:

12.55%

Explanation:

Note that the T-bill rate of return is annualized based on 360-day count convention, hence, to begin with, let us determine the rate of return over a 90-day maturity period as shown thus:

rate of return over 90 days=(FV-PV)/FV

FV=face value=$50,000

PV=purchase price=$48,500

rate of return over 90 days=($50,000-$48,500)/$50,000

rate of return over 90 days=3.00%

annualized rate of return=(1+90day return)^(360/90)-1

the annualized rate of return=(1+3.00%)^(360/90)-1

the annualized rate of return=12.55%


Related Questions

Charles Company acquired Jackson Company for $2,000,000 cash. At that time, the fair value of recorded assets and liabilities was $1,500,000 and $250,000, respectively. If Jackson meets specified sales targets, Charles is required to pay an additional $200,000 in cash per the acquisition agreement. Charles estimates the probability of this to be 50%. The direct costs related to the acquisition were $50,000. What was the amount of the goodwill related to the acquisition?​

Answers

Answer:

$950,000

Explanation:

Goodwill is defined as the excess of Purchase Price over the Net Assets taken over.

therefore

Goodwill = Purchase Price - Fair Value of Net Assets taken over

Note : Acquisition cost is an expense and not included in this calculation.

Since the probability is more likely than not (Probability > or = 50 %) , we include the $200,000 in the Purchase Price

thus,

Goodwill = $2,200,000 - ($1,500,000 - $250,000)

               = $950,000

Phoster Corporation established Skine Company as a wholly owned subsidiary. Phoster reported the following balance sheet amounts immediately before and after it transferred assets and accounts payable to Skine Company in exchange for 4,200 shares of $11 par value common stock:
Amount Reported
Before Transfer After Transfer
Assets
Cash 50000 23000
Accounts Receivable 76,000 40,000
Inventory 42,000 20,000
22,000
Investment in Skine Company 98,000
Land 25000 22000
Depreciable Assets 180000 110000
Accumulated Depreciation 75000 105000 44000 66000
Total Assets 298000 269000
Liabilities and Equities
Accounts Pavable 40000 11000
Bonds Payable 72000 72000
Common Stock 59000 59000
Retained Earnings 127000 127000
Total Liabilities and Equities 298000 269000
Required a. & b. Prepare the journal entry that Phoster recorded when it transferred the assets to Skine, and the entry that Skine recorded for the receipt of assets and issuance of common stock to Phoster.

Answers

Answer:

A. Dr Investment in Skine Company common stock $98,000

Dr Accumulated depreciation $31,000

Dr Accounts payable $29,000

Cr Cash $27,000

Cr Accounts receivable $36,000

Cr Inventory $22,000

Cr Land $3,000

Cr Depreciable assets $70,000

B. Dr Cash $27,000

Dr Accounts receivable $36,000

Dr Inventory $22,000

Dr Land $3,000

Dr Depreciable assets $70,000

Cr Accumulated depreciation $31,000

Cr Accounts payable $29,000

Cr Common stock $46,200

Cr Additional paid-in capital $51,800

Explanation:

A.Preparation of the journal entry that Phoster recorded when it transferred the assets to Skine,

Dr Investment in Skine Company common stock $98,000

Dr Accumulated depreciation $31,000

($75,000-$44,000)

Dr Accounts payable $29,000

($40,000-$11,000)

Cr Cash $27,000

($50,000-$23,000)

Cr Accounts receivable $36,000

($76,000-$40,000)

Cr Inventory $22,000

($42,000-$20,000)

Cr Land $3,000

($25,000-$22,000)

Cr Depreciable assets $70,000

($180,000 $110,000)

(To record transfer of assets to Skine)

B. Preparation of the journal entry that Skine recorded for the receipt of assets and issuance of common stock to Phoster.

Dr Cash $27,000

($50,000-$23,000)

Dr Accounts receivable $36,000

($76,000-$40,000)

Dr Inventory $22,000

($42,000-$20,000)

Dr Land $3,000

($25,000-$22,000)

Dr Depreciable assets $70,000

($180,000 $110,000)

Cr Accumulated depreciation $31,000

($75,000-$44,000)

Cr Accounts payable $29,000

($40,000-$11,000)

Cr Common stock $46,200

(4,200 shares*$11 par value)

Cr Additional paid-in capital $51,800

($27,000+$36,000+$22,000+$3,000+$70,000-$31,000-$29,000-$46,200)

(To record the receipt of assets and issuance of common stock to Phoster)

Journal entries  to record transfer of asset and account receivables by Phoster Corporation to Skine Company

Account titles                                                        Debit         Credit

Investment in Skine company common stock   $98000  

Accumulated depreciation                                  $31000

Accounts payable                                                $29000  

    Cash                                                                                   $27000

    Accounts receivable                                                         $36000

    Inventory                                                                            $22000

    Land                                                                                    $3000

    Depreciable assets                                                            $70000

Journal entries  to record receipt of asset and account receivables by Skine Company to Phoster Corporation.

Account titles                                                        Debit         Credit

Cash                                                                      $27000  

Accounts receivable                                            $36000  

inventory                                                               $22000

Land                                                                       $3000  

Depreciable assets                                               $70000

Accumulated depreciation                                                        $31000

Accounts payable                                                                      $29000

Common stock (4200*11)                                                           $46200

Additional paid in capital (98000-46200)                                $51800

Read more about Journal entry

brainly.com/question/8913038

each cushion requires 2 pound of the foam used as stuffing. The company has a policy has a policy that the ending invetory of foam each month must be equal to 15% of the following month's expected production needs. How many pounds of foam does the porch cushioon company need to purchase in auguyst

Answers

Answer:

34,200

Explanation:

Calculation to determine How many pounds of foam does The Porch Cushion Company need to purchase in​ August

Does

First step is to calculate the Opening Inventory

Opening Inventory = (100%-15%)*(18,000*2)

Opening Inventory=85%*36,000

Opening Inventory=30600 pounds

Second step is to calculate the

Closing Inventory = 15%* (12,000*2)

Closing Inventory=15%*24,000

Closing Inventory=3600 pounds

Now let calculate the No of pounds required to purchase using this formula

No of pounds required to purchase = Opening inventory+Closing inventory

Let plug in the formula

No of pounds required to purchase=30,600+3,600

No of pounds required to purchase=34,200

Therefore the amount of pounds of foam that The Porch Cushion Company need to purchase in​ August is 34,200

One-period pricing. Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one period. In this simple, yet powerful scenario, today's stock price is the PV of next year's dividend and next year's stock price). The stock of Alydar Oil, an all-equity firm, is currently trading at $30 per share, after just having paid a $2.40 per share dividend. The market expects a dividend of $3.10 per share to be paid one year from today. If the equity cost of capital (same as discount rate for equity) is 12% for this firm, the expected ex-dividend price (the stock price after the dividend is paid next year) in one year (t = 1) should be closest to:_____.
a. $31.20.
b. $31.05.
c. $30.50.
d. $33.60.

Answers

Answer:

c. $30.50

Explanation:

As rightly said, the current stock price is the present value of a dividend in one year and the expected price at the end of the year discounted at the equity cost of capital which is 12% in this case

current share price=D1+P1/(1+cost of equity)^n

current share price=$30

D1=$3.10(dividend expected in one year)

P1=unknown(price in one year)

cost of equity=12%

n=investmet time horizon=1 year

$30=$3.10+P1/(1+12%)^1

$30*(1+12%)=$3.10+P1

$33.60=$3.10+P1

P1=$33.60-$3.10

P1=$30.50

A partnership is a form of corporation.
True or False?

Answers

No, the answer is False

Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes Payable $60,000; Accumulated Depreciation $110,000; Common Stock $80,000; Accounts Receivable $38,000; Retained Earnings $237,000; Accounts Payable $17,000.

Total assets on the balance sheet are: _________

Answers

Answer:

$405,000

Explanation:

Computation of total assets on balance sheet.

Fixed assets:

Building and equipment

$420,000

Less:

Accumulated depreciation

($110,000)

Net book value

$310,000

Total fixed assets $310,000

Current assets:

Cash

$13,000

Inventory

$44,000

Accounts receivable

$38,000

Total current assets $95,000

Therefore,

Total assets

= Total fixed assets + Total current assets

= $310,000 + $95,000

= $405,000

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,649 Accounts Receivable 2,468 Prepaid Expenses 660 Equipment 14,231 Accumulated Depreciation 2,782 Accounts Payable 1,745 Notes Payable 4,564 Common Stock 1,000 Retained Earnings 8,538 Dividends 783 Fees Earned 8,977 Wages Expense 2,286 Rent Expense 765 Utilities Expense 426 Depreciation Expense 267 Miscellaneous Expense 71 Totals 27,606 27,606 Determine the net income (loss) for the period. a.Net income $4,379 b.Net loss $4,379 c.Net loss $5,162 d.Net income $5,162

Answers

Answer:

Stockton Company

The net income (loss) for the period is:

= d. Net income $5,162

Explanation:

Stockton Company Adjusted Trial Balance December 31

Cash                               5,649

Accounts Receivable    2,468

Prepaid Expenses            660

Equipment                    14,231

Accumulated Depreciation        2,782

Accounts Payable                       1,745

Notes Payable                           4,564

Common Stock                          1,000

Retained Earnings                    8,538

Dividends                       783

Fees Earned                             8,977

Wages Expense        2,286

Rent Expense               765

Utilities Expense          426

Depreciation Expense 267

Miscellaneous Expense 71

Totals                      27,606 27,606

Income Statement

For the year ended December 31

Fees Earned                             8,977

Wages Expense        2,286

Rent Expense               765

Utilities Expense          426

Depreciation Expense 267

Miscellaneous Expense 71     3,815

Net income                             5,162

The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is priced to yield 12%, what is the bond's value today

Answers

Answer:

Bond Price  = $951.9633746 rounded off to $951.96

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment,  annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.  

Coupon Payment (C) = 1000 * 10% = $100

Total periods remaining (n) = 3

r or YTM = 12%  

 Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12]  + 1000 / (1+0.12)^3

Bond Price  = $951.9633746 rounded off to $951.96

During the year, cost of goods sold was $320,000; income from operations was $304,000; income tax expense was $64,000; interest expense was $48,000; and selling, general, and administrative expenses were $176,000. Required: Calculate net sales, gross profit, income before taxes, and net income.

Answers

Answer:

total=1920,000

I Love The question

Identify which statement is a characteristic of long-run for a firm.
A. Time period with at least one fixed element
B. Time period with the least control over constraints
C. Time period of determining quantity and cost that yields the greatest profit
D. Time period when constraints are most likely to be variable

Answers

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run period of a firm is when the factors of production such as land, labor , capital etc varies. In this period, a firm is flexible in its production decision due to the variability in the factors of production.

In the long run, a firm has time to build a bigger factory hence respond to changes in demand. Also, the price level(general), expectation, and contractual wages , all adjust to the prevailing economic condition in the long run period.

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas in the short run firms are only able to influence prices through adjustments made to production levels.

g has 25,000 shares of $10 par common stock outstanding and 12,500 shares of $100 par, 6.00% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $350,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively

Answers

Answer:

Preferred stock dividend in arrears = (12500 shares * $100 par * 6%) * 2 years

Preferred stock dividend in arrears = $150,000

Dividend paid this year = $350,000.

Dividend paid to Preferred stockholders = $150,000 in arrears + $75,000 current period = $225,000.

Dividend paid to Common Stockholders = $350,000 - $225,000 = $125,000.

Dividend per share of preferred stock = $225,000 / 12500 shares

Dividend per share of preferred stock = $18

Dividend per share of common stock = $125,000 / 25000 shares

Dividend per share of common stock = $5

If an American firm opens a production facility in India, the total value of the production will be included in the national income of the United States. consumption of fixed capital for India. gross domestic product of India. gross domestic product of the United States.

Answers

Answer:

gross domestic product of India

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP records the final good and services produced within a country's borders

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

You have a $40,000 portfolio consisting of Intel, GE, and Con Edison. You put $23,200 in Intel, $8,000 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3, 1, and .8, respectively. What is your portfolio beta

Answers

Answer:

1.13

Explanation:

Calculation to determine What is your portfolio beta

Portfolio beta=(23200/40000)(1.3)+(8000/40000)(1)+[(40,000-23200+8000)/40000)*(0.8)]

Portfolio beta=(23200/40000)(1.3)+(8000/40000)(1)+(8800/40000)*(0.8)

Portfolio beta=0.754+0.2+0.176

Portfolio beta= 1.13

Therefore your portfolio beta is 1.13

Chester's balance sheet has $77,842,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beChester's book value

Answers

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

On July 1, 2020, Swifty Company purchased for $6,120,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $255,000. Depreciation is taken for the portion of the year the asset is used. Complete the form below by determining the depreciation expense and year-end book values for 2020 and 2021 using the
1. sum-of-the-years'-digits method.
2. double-declining balance method.
2020 2021
Sum-of-the-Years'-Digits Method
Equipment $6,120,000 $6,120,000
Less: Accumulated Depreciation
Year-End Book Value
Depreciation Expense for the Year
Double-Declining Balance Method
Equipment $6,120,000 $6,120,000
Less: Accumulated Depreciation
Year-End Book Value
Depreciation Expense for the Year
Assume the company had used stright line depreciation during 2020 and 2021. During 2022, the company determined that the equiptment would be useful to the company for only one more year beyond 2022. Salvage value is estimated at 20000. Compute the amount of depreciation expense for the 2022 income statement.
Assume the company had used straight-line depreciation during 2020 and 2021. During 2022, the company determined that the equipment would be useful to the company for only one more year beyond 2022. Salvage value is estimated at $340,000. What is the depreciation base of this asset?

Answers

Answer:

Swifty Company

1. Sum-of-the-years'-digits method:

                                                            2020            2021  

Equipment                                     $6,120,000  $6,120,000

Less: Accumulated Depreciation      977,500    2,541,500

Year-End Book Value                   $5,143,500 $3,578,500

Depreciation Expense for the Year 977,500  $1,564,000

2. Double-declining balance method:

                                                              2020            2021  

Equipment                                       $6,120,000  $6,120,000

Less: Accumulated Depreciation     1,224,000     3,182,400

Year-End Book Value                    $4,896,000  $2,937,600

Depreciation Expense for the Year 1,224,000  $1,958,400

Straight-line Method:

3. The amount of depreciation expense for the 2022 income statement is:

= $2,170,250.

4. In 2022, the depreciation base of this asset is:

= $4,020,500

Explanation:

a) Data and Calculations:

July 1, 2020: Cost of snowmaking equipment = $6,120,000

Estimated salvage value of the equipment =          255,000

Depreciable amount of the equipment =           $5,865,000

Estimated useful life of the equipment = 5 years

Annual depreciation expense = $1,173,000 ($5,865,000/5)

Sum-of-the-Years'-Digits Method =15 (5+4+3+2+1)

Calculation of depreciation expense:

2020 = $977,500 (5/15 * $5,865,000)/2

2021 = $1,564,000 (4/15 * $5,865,000)

                                                            2020            2021  

Equipment                                     $6,120,000  $6,120,000

Less: Accumulated Depreciation      977,500    2,541,500

Year-End Book Value                   $5,143,500 $3,578,500

Depreciation Expense for the Year 977,500  $1,564,000  

Double-Declining Balance Method (100/5 * 2) = 40%

Calculation of depreciation expense:

2020 = $1,224,000 (40% * $6,120,000)/2

2021 = $1,958,400 (40% * $4,896,000)

                                                              2020            2021  

Equipment                                       $6,120,000  $6,120,000

Less: Accumulated Depreciation     1,224,000     3,182,400

Year-End Book Value                    $4,896,000  $2,937,600

Depreciation Expense for the Year 1,224,000  $1,958,400

Straight-line method:

Annual depreciation expense = $1,173,000

2020: Depreciation expense = $586,500

2021: Depreciation expense = $1,173,000

2022: Depreciable amount = $4,340,500 ($4,360,500 - $20,000)

Depreciation expense = $2,170,250 ($4,340,500/2)

                                                              2020            2021            2022  

Equipment                                       $6,120,000   $6,120,000   $6,120,000

Less: Accumulated Depreciation       586,500      1,759,500     3,929,750

Year-End Book Value                    $5,533,500  $4,360,500   $2,190,250

Depreciation Expense for the Year   586,500      1,173,000      2,170,250

Straight-line method:

Annual depreciation expense = $1,173,000

2020: Depreciation expense = $586,500

2021:

Depreciation expense = $1,173,000

Accumulated depreciation = $1,759,500 ($586,500 + $1,173,000)

Year-End Book Value          $4,360,500 ($6,120,000 - $1,759,500)

2022 Estimated Salvage Value = $340,000

2022: Depreciation basis = $4,020,500 ($4,360,500 - $340,000)

Depreciation expense = $2,010,250 ($4,020,500/2)

Baruch co. has 8% coupon bonds on the market that have 10 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 6%, what is the current bond price

Answers

Answer:

the current bond price is $1,147.20

Explanation:

The computation of the current bond price is shown below:

Given that

NPER = 10

RATE = 6%

PMT = $1,000 × 8% = $80

FV = $1,000

Here we assume the future value be $1,000

The formula is shown below:

= -PV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the current bond price is $1,147.20

Express the following comparative income statements in common-size percents.
Using the common-size percentages, which item is most responsible for the decline in net income?
Income Statement Reason for
Decline in Net Income
GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31
Current Year Prior Year %
Sales 770,000 $635,000
Cost of goods sold 568,100 284,400
Gross profit 201,900 350,600
Operating expenses 129,200 262,400
Net income 72,700 88,200
Using the common-size percentages, which item is most responsible for the decline in net income?

Answers

Answer:

Gomez Corporation

Using the common-size percentages, the item that is most responsible for the decline in net income in the current year when compared with the prior year is:

Cost of goods sold.  It increased to 74% from 45% in prior year, an increase of about 100%.

Explanation:

a) Data and Calculations:

GOMEZ CORPORATION

Comparative Income Statements

For Years Ended December 31

                               Current Year  %         Prior Year      %

Sales                           770,000    100%     $635,000   100%

Cost of goods sold    568,100      74%        284,400    45%

Gross profit                201,900      26%       350,600    55%

Operating expenses 129,200       17%       262,400     41%

Net income                  72,700       9%          88,200     14%

g A company shows a balance in Salaries and Wages Payable of $50,000 at the end of the month. The next payroll amounting to $75,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries

Answers

Answer and Explanation:

The journal entry is

Salaries and Wages Payable $50,000

Salaries and Wages Expense $25,000

           To Cash $75,000

(Being cash paid is recorded)

Here salaries & wages payable and salaries & wages expense is debited as it decreased the liabilities & increased the expense while the cash is credited as it decreased the assets

Operations Management:is a network of manufacturing and service options.is an essential function for primarily for-profit organizations.is narrowly dedicated to a single corporate function.focuses on decisions about the production and delivery of a firm s products and services.prioritizes sustainability over profits.

Answers

Answer:

focuses on decisions about the production and delivery of a firm's products and services.

Explanation:

Operations management can be regarded as a field of business which involves administration of business practices that carried out maximization of efficiency in a firm or an organization. It entails process such as planning, organizing, as well as taking responsibility for processes in organization in order to balance revenues as well as costs. It should be noted that Operations Management focuses on decisions about the production and delivery of a firm's products and services.

Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. can sell the equipment through a broker for $26,000 less 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is

Answers

Answer:

$11,080

Explanation:

Calculation to determine what The net differential income from the lease alternative is

Using this formula

Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment

Let plug in the formula

Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]

Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)

Equipment leased net differential income=$47,000-$12,000-$23,920

Equipment leased net differential income=$47,000-$35,920

Equipment leased net differential income=$11,080

Therefore The net differential income from the lease alternative is $11,080

When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing economies of scale. b. slow industry growth. c. an industry with low exit barriers. d. high switching costs.

Answers

Answer:

b. slow industry growth.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.

In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.

If the wage of the fifth worker is $20 and his or her value of the marginal product of labor is $25, the firm a. benefits by stopping at this level of labor. b. is likely to fire the fifth worker. c. asks this fifth worker to work overtime. d. is likely to benefit by hiring more workers. e. is likely to lose profit by hiring more workers.

Answers

A. benefits by stopping at this level of labor. Option A is correct.

What are the benefits of division of labor?

The specialisation of duties and responsibilities within a production process is known as the division of labour. It has many advantages, including improved productivity and efficiency. Workers can become more skilled and proficient in their particular role by breaking down a complex task into smaller, more focused tasks, which leads to higher-quality output and quicker production times. Because mass production can reduce costs per unit, the division of labour also makes it easier to achieve economies of scale. Additionally, it enables more latitude in task distribution and workload modification. As workers concentrate on gaining expertise in their area of specialisation, it can also result in more innovation and specialisation. In general, the division of labour has led to significant advancements in modern industrial production.

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XYZ Corp. has filled 100,000 purchase orders during its existence. 1,100 of the purchase orders have had errors. Using an empirical probability, the probability of the next purchase order having an error is

Answers

Answer:

1.1%

Explanation:

Calculation to determine what the probability of the next purchase order having an error is using

an empirical probability

Using this formula

Probability=Purchase orders errors/Purchase orders filled

Let plug in the formula

Probability=1100/100000

Probability=0.011*100

Probability=1.1%

Therefore using an empirical probability the probability of the next purchase order having an error is 1.1%

A city starts a solid waste landfill that it expects to fill to capacity gradually over a 20-year period. At the end of the first year, it is 11 percent filled. At the end of the second year, it is 25 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached its capacity.
Which of the following is true for the Year 2 government-wide financial statements?
A. Expense will be $130,000 and liability will be $260,000.
B. Expense will be $140,000 and liability will be $250,000.
If this landfill is judged to be a proprietary fund, what liability will be reported at the end of the second year on fund financial statements?
a. $140,000
b. $0
c. $ 260,000
d. $ 250,000
If this landfill is judged to be a governmental fund, what liability will be reported at the end of the second year on fund financial statements?
a. $0
b. $140,000
c. $260,000
d. $250,000

Answers

Answer:

1- B. Expense will be $140,000 and liability will be $250,000

2- d. $250,000

3- d. $250,000

Explanation:

The expense will be $140,000 which is calculated by year 1 and year 2 percent filled. The calculation is as follows:

Year 2 liability : $1,000,000 * 25% = $250,000

Year 1 liability : $1,000,000 * 11% = $110,000

Year 2 expense = $140,000.

Describe the role of separation and termination in relation to broader human resources and business objectives

Answers

Answer:

Separation and or termination in HR relates to the cessation of the relationship between employer and employee.

Separation and or termination of the contract may occur in the following ways:

1. Constructive Discharge

2. Firing

3. Layoff

4. Termination by Mutual Agreement

5. Termination with Prejudice

6. Termination without Prejudice

7. Involuntary Termination of employment contract

8. Voluntary Termination of employment contract

9. Wrongful Termination of employment contract

10. Cessation of Temporary Contracts

Explanation:

Regardless of the type of separation or termination which occurs, the business owner and the the HR manager must realize that the HR funnel must never run short of hands with which the organization will attain its goals/objectives.

Recognizing the times lines for contracts that are terminal in nature, anticipating and preparing for sudden separation and planning adequately for these occurrences using HR Planning enables the business to continue to thrive regardless of its rate of turnover.

Cheers

"Standard Cost Data per 1 Unit Quantity Price Direct Material 3 lbs $2.00/lb Direct Labor 2 hrs $4.00/hr Actual Data: Units produced 20 Material purchase 100 lbs at $2.25 per lb Material usage 90 lbs Direct Labor 30 hrs; total cost $123 Compute all standard costs and variances for DM & DL. Show all computations."

Answers

Answer and Explanation:

The computation is shown below:

The Standard cost for 20 units is  

Material (20 units × 3lbs × $2lb) $120

Direct labor (20 units  × 2lbs × $4) $160

Total standard cost $280

Now  

Direct material price variance = (Actual price -Standard price) × Actual quantity

= (2.25-2.00) × 90

=22.5 Unfavorable

Direct material quantity variance = (Actual quantity- Standard quantity) × Standard price  

=(90-20x3) × 2

= $60 unfavorable  

Direct material cost variance =Direct material price variance + Direct material quantity variance

=22.5 UF+$60UF

=82.50UF

Direct labor Rate variance = (Actual rate -Standard rate)  × actual hours  

= (4.10-4.00) × 30 hrs

= $3 Unfavorable  

Actual rate = $123 ÷ 30 hrs

= $4.10

Direct labor Quantity variance = (Actual hours -Standard hours ) × Standard rate

=(30-20 × 2) × 4

=$40 favorable  

Direct labor cost variance =Direct labor Rate variance+Direct labor Quantity variance

=$3 unfavorable  + $40 favorable  

=$37 favorable

Ed is taking off from work for four hours this afternoon and going to a baseball game. The ticket to the game costs $25 and it costs $15 to park at the stadium. Ed earns $15 an hour at his job. Ed's opportunity cost of going to the ball game is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices $25. $100. $60. $50.

Answers

Answer: $100

Explanation:

Opportunity cost is the benefit that we forgo when another option is chosen thereby leaving out something else. Based on the information given, Ed's opportunity cost of going to the ball will be calculated as the addition of the income that's lost when he takes some time off from his work and the expenses that he incurs on the base ball game. This will be:

= ( 4 × $15) + $25 + $15

= $60 + $40

= $100

The opportunity cost is $100.

Karla bought her dress for the recital not because she liked the color and style, but because it made her feel good about herself, and she needed that confidence before performing. This represents the importance of the ________________ aspect of a product.

Answers

Answer:

Symbolic performance

Explanation:

The three types of performance of a product are:

1. Instrumental performance

2. Symbolic performance

3. Affective performance of a product

Instrumental performance

This simply talks about the physical functioning of the product.

Symbolic performance

This also is refered to as the aesthetic or image-enhancement performance of a product. it aim to enhance the consumers self-concept in the desired way. An example: earpods were symbolic of innovation but now even grandparents have them, therefore they don't enhance self-concept.

Affective performance

This is the emotional response that an individual derives or get when they own or are using a particular product or outlet.

Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. Use the following abbreviations:
Category Financial Statement
Asset A Balance sheet BS
Liability L Income statement IS
Stockholders' equity SE
Revenue R
Expense E
Gain G
Loss LS
Contra asset CA
Caption Category Financial Statement(s)
Accumulated depreciation
Long-term debt
Equipment
Loss on sale of short-term investments
Net income
Merchandise inventory
Other accrued liabilities
Dividends paid
Cost of goods sold
Additional paid-in capital
Interest income
Selling expenses
Financial statements:
There are four financial statements companies produce:
Income Statement
Balance Sheet
Shareholder's Equity
Statement of Cash Flows

Answers

Answer:

Caption                                         Category                 Financial Statement

Accumulated depreciation           Asset                       Balance sheet  

Long-term debt                             Liability                    Balance sheet

Equipment                                    Asset                        Balance sheet

Loss on sale                                 Loss                          Income Statement

of short-term investments      

Net income                                 Revenue                    Income Statement  

Merchandise inventory              Asset                         Balance sheet

Other accrued liabilities             Liability                      Balance sheet

Dividends paid                            Equity                         Balance sheet

Cost of goods sold                     Expense                     Income statement

Additional paid-in capital           Equity                         Balance sheet

Interest income                            Revenue                   Income statement

Selling expenses                        Expense                     Income statement

ow do each of the following events change the demand for or supply of​ jeans? A. The price of a denim skirt halves . B. People’s incomes increase . C. Upper A new technology becomes available that reduces the time it takes to manufacture a pair of jeans . D. The price of the cloth (denim )used to make jeans rises . E. Jeans go out of fashion . F. The price of a pair of jeans rises . G. The wage rate paid to garment workers falls . H. More specialty shops start to sell jeans .

Answers

Answer:

1. the quantity demanded of jeans increases

the quantity supplied of jeans decreases

2. the demand for jeans increases

3. the supply of jeans increases

4. the supply of jeans reduces

5. the demand for jeans falls

6. the quantity demanded of jeans decreases

the quantity supplied of jeans increases

7. the supply of jeans increases

8, the supply of jeans increases

Explanation:

Only a change in the price of a good leads to a movement along the supply curve (demand curve) for that good. If price increases, there is a movement up along the supply curve  and if prices decreases, there is a movement down along the supply curve. This is in line with the law of supply.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Other factors other than changes in the price of the good leads to a shift of the supply curve. Such factors include :

A change in the number of suppliers

a change in the price of substitute goods

A change in the price of factors used in the production process

government regulation

If price increases, there is a movement down along the demand curve  and if prices decreases, there is a movement up along the demand curve. This is in line with the law of demand.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Other factors lead to a shift of the demand curve. they include :

change in taste of the consumerchange in consumer's income season change in the price of substitutes

A. the price of denim halves. there would be a change in the quantity demanded and supplied. quantity demanded increases while quantity supplied decreases

b. An increase in income would lead  to a rightward shift of the demand curve. demand would increase

c.  As a result of new technology, supply would increase. supply curve would shift outward

d. As a result of the rise in price of denim, it because more expensive to make jeans. supply would fall.

e. If jeans goes out of fashion, consumers would no longer buy jeans. the demand would fall

g. if wages fall, it becomes cheaper to make jeans, thus the supply increases

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