If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. If you and your rival plan to be in business for only one year, the Nash equilibrium is: _______.
a. for your firm to advertise and the other not to advertise.
b. for neither firm to advertise.
c. for each firm to advertise.
d. None of the answers is correct.

Answers

Answer 1

Answer:

D. None of the answers is correct.

Explanation:


Related Questions

The accounting records of EZ Company provided the data below. Net income $ 52,850 Depreciation expense 8,350 Increase in inventory 2,175 Decrease in salaries payable 1,355 Decrease in accounts receivable 2,900 Amortization of patent 605 Amortization of premium on bonds 2,185 Increase in accounts payable 5,350 Cash dividends paid 13,500 Prepare a reconciliation of net income to net cash flows from operating activities

Answers

Answer:

$64,340

Explanation:

Cash flows from operating activities

Net income                                                     $52,850  

Adjustments for non cash effects

Depreciation expense                                    $8,350  

Amortization of patent                                    $605

Changes in operating assets and liabilities

Increase in inventory                                      -$2,175

Decrease in bonds premium                         -$2,185

Decrease in salaries payable                        -$1,355  

Decrease in accounts receivable                   $2,900

Increase in accounts payable                         $5,350

Net Cash flow from operating activities      $64,340

Southern Alliance Company needs to raise $120 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 55 percent common stock, 15 percent preferred stock, and 30 percent debt. Flotation costs for issuing new common stock are 8 percent, for new preferred stock, 5 percent, and for new debt, 3 percent.
What is the true initial cost figure the company should use when evaluating its project? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)

Answers

Answer:

$127,727,515

Explanation:

Calculation to determine the true initial cost figure Southern should use when evaluating its project

First step is to find the weighted average flotation cost.

Weighted average flotation cost= .55(.08) + .15(.05) + .30(.03)

Weighted average flotation cost= .044+.0075+.009

Weighted average flotation cost= .0605*100

Weighted average flotation cost=6.05%

Now let determine the true initial cost figure

True initial cost figure=(1 – .0605) = $120,000,000

True initial cost figure = $120,000,000 / (1 – .0605)

True initial cost figure = $120,000,000 / .9395

= $127,727,515

Therefore the true initial cost figure Southern should use when evaluating its project is $127,727,515

Roberto has received various gifts over the years and has decided to dispose of the following assets he received as gifts:
What is the recognized gain or loss from the following transactions, assuming that no gift tax was paid when the gifts were made.
If an answer is zero, select "neither a gain nor a loss" and enter "0" as the amount.
a. In 1981, he received land worth $32,000. The donor's adjusted basis was $35,000. Roberto sells the land for $95,000 in 2018.
(neither a gain or a loss/ a gain/ a loss) of $__________ is recognized.
b. In 1986, he received stock in Gold Company. The donor's adjusted basis was $19,000. The fair market value on the date of the gift was $34,000. Roberto sells the stock for $40,000 in 2018.
(neither a gain or a loss/ a gain/ a loss) of $__________ is recognized.
c. In 1992, he received land worth $15,000. The donor's adjusted basis was $20,000. Roberto sells the land for $9,000 in 2018.
(neither a gain or a loss/ a gain/ a loss) of $__________ is recognized.
d. In 2013, he received stock worth $30,000. The donor's adjusted basis was $42,000. Roberto sells the stock for $38,000 in 2018.
(neither a gain or a loss/ a gain/ a loss) of $__________ is recognized.

Answers

Answer: See explanation

Explanation:

a. The recognized gain or loss from the transaction will be:

= Amount realized - Adjusted basis

= $95000 - $35000

= $60000

Gain of $60000 will be recognized

b. The recognized gain or loss from the transaction will be:

= Amount realized - Adjusted basis

= $40000 - $19000

= $21000

Gain of $21000 is recognized

c. The recognized gain or loss from the transaction will be:

= Amount realized - Adjusted basis

= $9000 - $15000

= -$6000

Loss of $6000 is recognized

d. In this case, no gain or loss will be recognized.

Identify information that would be included in a printed, hand-delivered résumé and not an online résumé.

Answers

Answer: Your High School/College diploma. Copy of your educational degree. Liesence, Contact information,  and employment history.

Explanation:

Clark's Chemical Company received refundable deposits on returnable containers in the amount of $102,000 during 2021. Thirteen percent of the containers were not returned. The deposits are based on the container cost marked up 35%. What is cost of goods sold relative to this forfeiture

Answers

Answer:

$9,822

Explanation:

Calculation to determine the cost of goods sold relative to this forfeiture

Cost of goods sold=($102,000 x 13%) ÷(100+35%)

Cost of goods sold=($102,000 x 13%) ÷ 135% =

Cost of goods sold=$13,260÷135%

Cost of goods sold=$9,822

Therefore the cost of goods sold relative to this forfeiture is $9,822

It is a statement that describes the desired long-term results of your company's efforts. *

Answers

The answer is your mission statement

A mission statement states each goal the company has with their organization and what they wanna do

discuss whethet or not a merger between two book publishing firms will benefits consumers​

Answers

Answer: See explanation

Explanation:

A merger simply means when two companies come together and becomes one.

A merger between two book publishing firms will benefits the consumers as it may bring about the improvement in the product quality.

Also, the merger can result in the reduction in the price of the books as the company enjoys economies of scale due to its expansion. Furthermore, there can be an expansion of the business into new geographical areas and therefore more customers will be reached.

A project has a discount rate of 14 percent, an initial cost of $99,200, an inflow of $56,400 in year 1 and an inflow of $75,900 in year 2. Your boss requires that every project return a minimum of $1.10 for every $1 invested. Based on this information, what is your recommendation on this project?

Answers

Answer:

I would recommend the project because the return is greater than 10%

Explanation:

We are to determine the internal rate of return of the project

rate of return the boss requires = (1.1 /1) - 1 = 10%

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = -99200

cash flow in year 1 and 2 = 75900

IRR = 33.7%

Amari has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $18 per hour. During the summer, he drives a tour bus around the ski resort, earning $13 per hour.
Refer to Scenario 18-3. If Amari takes more hours of leisure in the winter than in the summer, we can assume that his labor supply curve for the range of earnings in this example:
a. is vertical.
b. has a backward-bending portion.
c. is horizontal
d. is upward sloping.

Answers

Answer: b. has a backward-bending portion.

Explanation:

A backward-bending supply curve shows what happens when people substitute higher wages for more leisure time like Amari is doing in this scenario.

At a higher wage, people will be able to work for shorter hours as such a job will still give them the same amount of money as working longer in lower paying jobs.

After they get a certain level of payment from the higher paying job, they will then substitute the remaining hours for leisure. This creates a backward-bending curve because labor hours are reducing past a certain level of wages.

The currency in Macroland is called econs. In Macroland, the public holds 2,000 econs in currency; commercial bank reserves are 300 econs; and the desired reserve-to-deposit ratio of the commercial banks is 10%. If the Central Bank of Macroland prints an additional 200 econs and uses this new currency to buy government bonds from the public, the money supply in Macroland will ____, assuming that the public does not wish to change the amount of currency it holds from before.

Answers

Answer:

D)5,000; 7,000

Explanation:

The computation is shown below:

The total bank deposit would be

= (300 ÷ 0.10) + 2,000

= 3,000 + 2,000

= 5,000

In the case when the reserve ratio is 10% so the money multiplier would be 10

Since there is extra inflow of currency so by having the multiplier effect it would be 2000 econs

Now first it is 5,000 econ than it would become 7,000 econ

If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.

Money supply from earlier 5000 econs will become 7000 econs.

James is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taking long breaks, and behaving unprofessionally at their workstations. James decides to promote desirable work practices. He plans to introduce incentives for meeting the required targets but, at the same time, to withhold those incentives when employees are late, take long breaks, or behave unprofessionally. Identify the contingencies that James is planning to implement.

Answers

Answer: b. Positive reinforcement and punishment

Explanation:

Positive reinforcement is a way of encouraging certain behavior by adding something pleasant when the subject does something that it desirable or a stimulus. James giving the employees some incentives (something pleasant) when they meet required targets (something desirable) is therefore positive reinforcement.

Punishment on the other hand, refers to taking away something pleasant in response to the subject doing something that isn't very desirable. In this scenario, James would take away the incentives (pleasant) in response to the employees behaving unprofessionally (isn't very desirable).

Identify the statement below that is true regarding the Allowance for Doubtful Accounts account. Multiple Choice The account has a normal credit balance and is reported on the balance sheet. The account has a normal debit balance and is reported on the balance sheet. The account has a normal credit balance and is reported on the income statement. The account has a normal debit balance and is reported on the income statement.

Answers

Answer: The account has a normal credit balance and is reported on the balance sheet.

Explanation:

The allowance for doubtful accounts refers to the amount of account receivable that the company believes will not be paid by the customers. It is referred to as the bad debt reserve as well.

The allowance for doubtful accounts reduces the accounts receivable. It also has a normal credit balance and is reported on the balance sheet.

On Thursday, Justin flies from Baltimore (where the office for his sole proprietorship is located) to Cadiz (Spain). He conducts business on Friday and Tuesday; vacations on Saturday, Sunday, and Monday (a legal holiday in Spain); and returns to Baltimore on Thursday. Justin is scheduled to return home on Wednesday, but all flights were canceled due to bad weather. As a result, he spends Wednesday watching floor shows at a local casino. Days where travel is attempted/cancelled is counted as a travel day under tax law. Justin is self-employed.

Required:
a. For tax purposes, what portion of Justin's trip regarded as being for business?
b. Suppose Monday was not a legal holiday. Would this change your answer in part (a) ? Explain?
c. Under either part (a) or (b), how much of Justin's airfare qualifies as a deducible business expense?

Answers

Answer:

a) 100%

b)  Yes

c) Total airfare

Explanation:

A) For tax purposes the portion of Justin's trip that is regarded as being for business is  100%   and this is because we can consider weekends and Holidays as business days if they are preceded by a business day and also succeeded  by a business day(s) also considering that Justin's flight was delayed from Wednesday to Thursday

B) Yes it will affect my answer because it would mean that Saturday, Sunday and Monday will become Non-business days

C) The total cost of the Airfare qualifies as deductible business expense in both A and B

A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630), two outstanding checks totaling $830, a service charge of $20, a deposit in transit of $260, and interest revenue of $33. What is the adjusted book balance

Answers

Answer:

$5,275

Explanation:

Bank Reconciliation Statement

Balance as per Cash Book              $4,600

Add check error                                   $105

Add unpresented checks                    $830

Less Lodgments not yet credited     ($260)

Balance as per Bank Statement      $5,275

therefore,

The adjusted Cash book balance is $5,275

Bond valuation [LO14-2] Your investment department has researched possible investments in corporate debt securities. Among the available investments are the following $100 million bond issues, each dated January 1, 2021. Prices were determined by underwriters at different times during the last few weeks. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Company Bond Price Stated Rate
1. BB Corp. $ 107 million 15 %
2. DD Corp. $ 100 million 14 %
3. GG Corp. $ 93 million 13 %
Each of the bond issues matures on December 31, 2040, and pays interest semiannually on June 30 and December 31. For bonds of similar risk and maturity, the market yield at January 1, 2021, is 14%.
Required: Other things being equal, which of the bond issues offers the most attractive investment opportunity if it can be purchased at the prices stated?

Answers

Answer:

Bond Valuation

Other things being equal, the bond issue that offers the most attractive investment opportunity if it can be purchased at the prices stated is:

= BB Corp. bonds.

Explanation:

a) Data and Calculations:

Maturity period = 20 years

Issue date = January 1, 2021

Maturity date = December 31, 2040

Company      Bond Price       Stated Rate  Annual Interest    FV

1. BB Corp.    $ 107 million           15 %          $15 million     $3,518,371,301.23

2. DD Corp.  $ 100 million           14 %           $14 million    2,827,106,832.58

3. GG Corp.  $ 93 million             13 %          $13 million    2,260,756,079.53

From an online financial calculator, the future values of the bonds are:

N (# of periods)  20

I/Y (Interest per year)  15

PV (Present Value)  107000000

PMT (Periodic Payment)  15000000

Results

FV = $3,518,371,301.23

Sum of all periodic payments $300,000,000.00

Total Interest $3,111,371,301.2

N (# of periods)  20

I/Y (Interest per year)  14

PV (Present Value)  100000000

PMT (Periodic Payment)  14000000

Results

FV = $2,827,106,832.58

Sum of all periodic payments $280,000,000.00

Total Interest $2,447,106,832.58

N (# of periods)  20

I/Y (Interest per year)  13

PV (Present Value)  93000000

PMT (Periodic Payment)  13000000

Results

FV = $2,260,756,079.53

Sum of all periodic payments $260,000,000.00

Total Interest  $1,907,756,079.53

Gaetana is the new marketing director for a local theater. One of her major responsibilities is to monitor and manage aspects of the theater's immediate environment. Discuss, in detail, (1) what and (2) how will Gaetana monitor and manage the four factors in her environment?

Answers

Answer:

Market

Explanation:

She is a marketing director she directs markets

Hearne Company has a number of potential capital investments. Because these projects vary in nature, initial investment, and time horizon, management is finding it difficult to compare them. Assume straight line depreciation method is used. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.)

Project 1: Retooling Manufacturing Facility This project would require an initial investment of $4,850,000. It would generate $865,000 in additional net cash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,000,000.
Project 2: Purchase Patent for New Product The patent would cost $3,400,000, which would be fully amortized over five years. Production of this product would generate $425,000 additional annual net income for Hearne.
Project 3: Purchase a New Fleet of Delivery Trucks Hearne could purchase 25 new delivery trucks at a cost of $115,000 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $5,000. Purchasing the fleet would allow Hearne to expand its customer territory resulting in $200,000 of additional net income per year.

Required:

a. Determine each project's accounting rate of return. (Round your answers to 2 decimal places.)
b. Determine each project's payback period. (Round your answers to 2 decimal places.)
c. Using a discount rate of 10 percent, calculate the net present value of each project. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answersto 2 decimal places.)
d. Determine the profitability index of each project and prioritize the projects for Hearne. (Round your intermediate calculations to 2 decimal places. Round your final answers to 4 decimal places.)

Answers

Answer:

Hearne Company

                                                      Project 1         Project 2          Project 3

Initial investment cost                $4,850,000    $3,400,000     $2,875,000

Annual cash inflows                        865,000        1,105,000          475,000

PV annuity  (5.335/3.791/6.145)    4,614,775       4,189,055      $2,918,875

Useful life                                      8 years            5 years              10 years

Salvage Value                               1,000,000       0                        125,000

PV (0.467/0/0.386                          467,000       0                          48,250

Depreciable/Amortization amount $3,850,000  $3,400,000    $2,750,000

Annual depreciation/amortization 481,250       680,000            275,000

Annual Returns                              383,750       425,000           200,000

Average annual investment cost 606,250       680,000           287,500

a. Accounting rate of return          63.30%        62.50%             69.57%

b. Payback period                      5.61 years    3.08 years            6.05 years

Total PV of cash inflows              5,081,775    4,189,055         2,967,125

c. NPV                                          $231,775    $789,055            $92,125

d. Profitability Index                       1.0478          1.2321              1.0320

Prioritization of Projects:

Project 2

Project 1

Project 3

Based on NPV, Profitability Index, and Payback Period.

Explanation:

a) Data and Calculations:

                                                      Project 1         Project 2          Project 3

Initial investment cost                $4,850,000    $3,400,000     $2,875,000

Annual cash inflows                        865,000        1,105,000          475,000

PV annuity  (5.335/3.791/6.145)    4,614,775       4,189,055      $2,918,875

Useful life                                      8 years            5 years              10 years

Salvage Value                               1,000,000       0                        125,000

PV (0.467/0/0.386                          467,000       0                          48,250

Depreciable/Amortization amount $3,850,000  $3,400,000    $2,750,000

Annual depreciation/amortization 481,250       680,000            275,000

Annual Returns                              383,750       425,000           200,000

Average annual investment cost 606,250       680,000           287,500

Accounting rate of return               63.30%        62.50%             69.57%

Payback period                           5.61 years    3.08 years            6.05 years

Total PV of cash inflows              5,081,775    4,189,055         2,967,125

NPV                                               $231,775    $789,055            $92,125

Profitability Index                              1.0478          1.2321              1.0320

Key Calculation Formulas:

Annual cash flows = Annual Depreciation Plus Annual Net Income

Present of annual cash flows = Annuity factor * Annual cash flows

PV of Salvage value = Salvage value * Discount Factor

The Depreciable or Amortization amount = Initial investment cost Minus Salvage value

Annual Returns = Annual Cash inflow Minus Depreciation

Average annual investment cost = Initial investment cost/useful life

Accounting rate of return =  average annual returns/average annual investment cost

Payback period = Initial investment/Annual cash inflows

Total PV of cash flows = PV of annual cash inflows + PV of Salvage value

NPV = Total PV of cash flows Minus Initial Investment Cost

Profitability Index = Total PV of cash flows/Initial Investment Cost

BugLess Inc, a calendar year, accrual basis corporation, provides pest extermination services to its customers. In October 2020, BugLess contracted with Mr. Cass to provide monthly service calls for 24 months. Each service call costs $60, and Mr. Cass prepaid $1,440 when he signed the contract. BugLess made three service calls to Mr. Cass' home in 2017. As a result of the contract, BugLess should report: Group of answer choices $1,440 taxable income in 2020. $180 taxable income in 2020, and $1,260 taxable income in 2021. $180 taxable income in 2020, $720 taxable income in 2021, and $540 taxable income in 2022. None of the above

Answers

Answer:

$180 taxable income in 2020, and $1,260 taxable income in 2021.

Explanation:

Calculation to determine what BugLess should report As a result of the contract

Calculation for the TAXABLE INCOME IN 2020

Using this formula

2020 Taxable income=Service call costs*Numbers of service calls

Let plug in the formula

2020 Taxable income=$60*3

2020 Taxable income=$180

Calculation for the TAXABLE INCOME IN 2021

Using this formula

2021 Taxable income=Prepaid Amount-(Service call costs*Numbers of service calls)

Let plug in the formula

2021 Taxable income=$1,440-($60*3)

2021 Taxable income=$1,440-$180

2021 Taxable income=$1,260

Therefore As a result of the contract, BugLess should report:$180 taxable income in 2020, and $1,260 taxable income in 2021.

Coordination refers to ________. a. identifying the span of control within an organization b. portioning the performance of specific tasks c. assigning tasks to qualified managers d. linking various value activities within an organization

Answers

Answer:

d. linking various value activities within an organization.

Explanation:

A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.

These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.

The employees in companies engaged in a single line of business are generally referred to as silos because they work independently, collaborate and communicate with their colleagues in a vertical style i.e exclusively with each other.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Coordination refers to linking various value activities within an organization.

Answer:

d. linking various value activities within an organization.

Explanation:

Coordination refers to linking various value activities within an organization.

The following are some of the components included in the master budget of a merchandising company. List the items of the master budget in order of preparation. a. Budgeted balance sheet b. Sales budget c. Capital expenditures budget d. Budgeted income statement e. Cash budget f. Inventory, purchases, and cost of goods sold budget g. Selling and administrative expense budget

Answers

Answer:

Items of the master budget in order of preparation:

b. Sales budget

f. Inventory, purchases, and cost of goods sold budget

g. Selling and administrative expense budget

c. Capital expenditures budget

e. Cash budget

d. Budgeted income statement

a. Budgeted balance sheet

Explanation:

In a master budget, the first is the sales budget.  It forms the nucleus for the preparation of other budgets.  The sales targets determine the production requirements.  From the production, inventory, or purchase budgets, other budgets will be formed sequentially.  All are directed at meeting the needs of customers as captured in the sales budget.  Lastly, the financial statements budgets are prepared, which include the income statement and the balance sheet.

Firm B Firm T Shares outstanding 4,800 1,800 Price per share $ 47 $ 20 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9,100. Firm T can be acquired for $22 per share in cash or by exchange of stock wherein B offers one of its shares for every two of T's shares. Are the shareholders of Firm T better off with the cash offer or the stock offer? Cash offer is better Share offer is better At what exchange ratio of B shares to T shares would the shareholders in T be indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Answers

Answer:

A. Share Offer Is Better

B. .4569

Explanation:

A. Based on the information given the shareholders of Firm T will be better off with the STOCK OFFER because cash offer is the amount of $22 per share.

B. Calculation to determine the exchange ratio of B shares to T shares

First step is to calculate the New shares created

New shares created = 1,800(1/2)

New shares created = 900 new shares

Second step is to calculate the value of the merged firm

Value of the merged firm= 4,800($47) + 1,800($20) + $9,100

Value of the merged firm= $270,700

Third step is to calculate the price per share of the merged firm

Price= $270,700/(4,800 + 900)

Price= $270,700/5,700

Price= $47.49

Fourth step is to calculate the Equity offer value

Equity offer value = (1/2)($47.49)

Equity offer value = $23.75 per share

Fifth step is to calculate the post merger share price

Value of the merged firm= $270,700

Shares in new firm = 4,800 + 1,800x

Hence:

Post merger share price:

P= $270,700/(4,800 + 1,800x)

Sixth step

For the target firm’s shareholders to be indifferent which means they have to receive the same wealth

Hence;

1,800(x)P= 1,800($22)

Let solve this equation for P

P= $22/x

Now Let Combine the two equations

$270,700/(4,800 + 1,800x) = $22/x

x= .4569

Seventh step is to calculate the NPV

NPV = 1,800($20) + $9,100 – 1,800($22)

NPV = $5,500

Eight step is to calculate the Share price

Share price = [4,800($47) + $5,500]/4,800

Share price = $48.15

Now let calculate the Exchange ratio

Exchange ratio = $22/$48.15

Exchange ratio = .4569

Therefore the exchange ratio of B shares to T shares that the shareholders in T would be indifferent between the two offers is .4569

People in societies where uncertainty avoidance is high want

Answers

Answer:

I don't see any options.

Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.
Vehicles are identified by RFID tags in order to collect bridge tolls. The project manager is considering two different technologies for RFID readers. By sampling two different options, the following data are collected about the accuracy of the readers:
Option 1: 99, 98, 99, 94, 92, 99, 98, 99, 94, 90 Option 2: 98, 97, 97, 97, 98, 98, 97, 97, 98

Calculate the mean, mode, and standard deviation of the two options.

Answers

Answer:

Option 1

[tex]\bar x_1 = 96.2[/tex]

[tex]Mode = 99[/tex]

[tex]\sigma_1 = 3.22[/tex]

Option 2

[tex]\bar x_2 = 97.4[/tex]

[tex]Mode = 97[/tex]

[tex]\sigma_2 = 0.499[/tex]

Explanation:

Given

[tex]Option\ 1: 99, 98, 99, 94, 92, 99, 98, 99, 94, 90[/tex]

[tex]Option\ 2: 98, 97, 97, 97, 98, 98, 97, 97, 98[/tex]

Required

The mean, mode and standard deviation of both options

Option 1

Calculate mean

[tex]\bar x = \frac{\sum x}{n}[/tex]

[tex]\bar x_1 = \frac{99+ 98+ 99+ 94+ 92+ 99+ 98+ 99+ 94+ 90}{10}[/tex]

[tex]\bar x_1 = \frac{962}{10}[/tex]

[tex]\bar x_1 = 96.2[/tex]

Calculate mode

[tex]Mode = 99[/tex]

Because it has a frequency of 4 (more than other element of the dataset)

Calculate standard deviation

[tex]\sigma = \sqrt{\frac{\sum(x - \bar x)^2}{n}}[/tex]

[tex]\sigma_1 = \sqrt{\frac{(99-96.2)^2 +.............+(90-96.2)^2}{10}}[/tex]

[tex]\sigma_1 = \sqrt{\frac{103.6}{10}}[/tex]

[tex]\sigma_1 = \sqrt{10.36}[/tex]

[tex]\sigma_1 = 3.22[/tex]

Option 2

Calculate mean

[tex]\bar x = \frac{\sum x}{n}[/tex]

[tex]\bar x_2 = \frac{98+ 97+ 97+ 97+ 98+ 98+ 97+ 97+ 98}{9}[/tex]

[tex]\bar x_2 = \frac{877}{9}[/tex]

[tex]\bar x_2 = 97.4[/tex]

Calculate mode

[tex]Mode = 97[/tex]

Because it has a frequency of 5 (more than other element of the dataset)

Calculate standard deviation

[tex]\sigma_2 = \sqrt{\frac{(98-97.4)^2+..............+ (98-97.4)^2}{9}}[/tex]

[tex]\sigma_2 = \sqrt{\frac{2.24}{9}}[/tex]

[tex]\sigma_2 = \sqrt{0.2489}[/tex]

[tex]\sigma_2 = 0.499[/tex]

On January 1, 2021, the Allegheny Corporation purchased equipment for $295,000. The estimated service life of the equipment is 10 years and the estimated residual value is $20,000. The equipment is expected to produce 280,000 units during its life.

Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.

a. Sum-of-the-years'-digits.
b. One hundred fifty percent declining balance.

Answers

Answer:

a.

2021  =  $50,000

2022 = $45,000

b.

2021  = $275,000

2022 = $0

Explanation:

a. Sum-of-the-years'-digits.

Sum of digits for the 10 years will be :

Year 1      =      10

Year 2     =       9

Year 3     =       8

Year 4     =       7

Year 5     =       6

Year 6     =       5

Year 7     =       4

Year 8     =       3

Year 9     =       2

Year 10   =         1

Sum of Digits = 55

therefore,

2021 depreciation = 10/55 x ($295,000 - $20,000)

                               = $50,000

2022 depreciation = 9/55 x ($295,000 - $20,000)

                               = $45,000

b. One hundred fifty percent declining balance.

2021 depreciation = 150% x ($295,000 - $20,000)

                               = $412,500

Can not be charged above book value of $275,000

2022 depreciation = 150% x ($295,000 - $20,000- $412,500)

                               = $0

Laura, a sales manager at Dexter Inc., claims that labor and management are rivals for most organizations. Brooke, the HR manager, says she is aware of exceptions. Which statement best supports Brooke's perspective? Question 34 options: After the 1980s, most unions and organizations have acted more like adversaries. Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams. Finding win-win solutions is almost impossible because unions and management have conflicting goals. Organizations often define jobs narrowly, which is a sign of cooperation. Creating a union necessarily forces employers to pay more wages, which results in loss of profits.

Answers

Answer:

Dexter Inc.

The statement that best supports Brooke's perspective is:

Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.

Explanation:

When labor and management act as rivals or adversaries, it does not benefit their organizations.  They should find common grounds for cooperation.  Organizations should involve their employees in more decision-making.  Despite their incongruent goals, unions and management should find win-win solutions.  Paying employees a living wage does not impoverish the organization.  On the contrary, everybody is greatly enriched.

At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $739,000 and collections of $813,450. It wrote off as uncollectible accounts receivable of $7,198. However, a $2,978 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,810 at the end of the period. (Omit cost of goods sold entries.)

Required:
a. Prepare the entries to record sales and collections during the
b. Prepare the entry to record the write-off Of accounts the period.
c. Prepare the entries to record the recovery of the uncollectible account during the period.
d. Prepare the entry to record bad debt expense for the period.

Answers

Answer:

Sheridan Company

a. Debit Accounts receivable $739,000

Credit Sales revenue $739,000

To record sales of goods on account.

Debit Cash $813,450

Credit Accounts receivable $813,450

To record collections from customers.

b. Debit Allowance for Uncollectible Accounts $7,198

Credit Accounts receivable $7,198

To record the write-off of accounts for the period.

c. Debit Accounts receivable $2,978

Credit Allowance for Uncollectible Accounts $2,978

To record the recovery of the uncollectible account.

d. Debit Bad Debts Expense $22,410

Credit Allowance for Uncollectible Accounts $22,410

To record bad debt expense for the period.

Explanation:

a) Data and Analysis:

a. Accounts receivable $739,000 Sales revenue $739,000

b. Cash $813,450 Accounts receivable $813,450

c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198

d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978

e. Bad Debts Expense $22,410  Allowance for Uncollectible Accounts $22,410

Allowance for Uncollectible Accounts

Account Titles          Debit        Credit

Beginning balance                   $8,620

Accounts receivable $7,198

Accounts receivable                  2,978

Bad debts expense                  22,410

Ending balance        26,810

Totals                    $34,008  $34,008

On December 31, 2020, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2021, the company sold 18,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $650,000. During 2021, Bennett declared and paid $71,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share

Answers

Answer:

$5.31

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

where,

Earnings Attributable to Holders of Common Stock is :

Net Income                                                                       $650,000

Less Preference Stock dividend                                       ($71,000)

Earnings Attributable to Holders of Common Stock      $579,000

and

Weighted Average Number of Common Stocks Outstanding :

Common Stocks at Beginning outstanding                                  100,000

Stocks Sold at Weighted Average (18,000 / 2)                                9,000

Weighted Average Number of Common Stocks Outstanding    109,000

therefore,

Earnings per share = $579,000 ÷  109,000

                                = $5.31

The 2021 basic earnings per share is $5.31.

For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate, averaging 5% to 8% per year. According to the College Board's Trends in College Pricing, the average total costs at present in dollars is $19,500 for students attending in-state four-year public colleges and universities and $41,000 for students at four-year private colleges and universities. Assume an additional $5,000 per year for textbooks, supplies, transportation, and other expenses.
Using a 7% per year inflation rate, how much can a sophomore high-school student expect to spend on in-state tuition, fees, and room and board for the freshman year (3 years from now) at a four-year public university?
A sophomore high-school student is expected to spend $ for the freshman year.

Answers

Answer: $23,888

Explanation:

The cost today for a freshman at a public university is $19,500.

Inflation is at 7% a year and the period is 3 years from now. It is best to use a future value formula:

= Fees * ( 1 + rate) ^ number of years

= 19,500 * ( 1 + 7%)³

= 19,500 * 1.225043

= $23,888

Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year.
Project Y Project Z
Sales $390,000 $312,000
Expenses
Direct materials 54,600 39,000
Direct labor 78,000 46,800
Overhead including depreciation 140,400 140,400
Selling and administrative
expenses 28,000 28,000
Total expenses 301,000 254,200
Pretax income 89,000 57,800
Income taxes (40%) 35,600 23,120
Net income $53,400 $34,680
Required:
1. Compute each project's annual expected net cash flows.
2. Determine each project's payback period.
3. Compute each project's accounting rate of return.
4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end.

Answers

Answer:

Most Company

                                                          Project Y     Project Z

1. Annual expected net cash flows   $140,500  $151,347

2. Payback period                                2.5 years   2.3 years

3. Accounting rate of return                 15.3%         9.9%

4. Net present value, using 9%        $105,220   $33,059

Explanation:

a) Data and Calculations:

                                                          Project Y     Project Z

Initial investment costs                    $350,000    $350,000

Useful life of project                         4 years        3 years

Salvage value                                    $0                $0

Annual depreciation                          $87,500     $116,667

Sales                                                $390,000    $312,000

Expenses

Direct materials                                   54,600       39,000

Direct labor                                          78,000       46,800

Overhead including depreciation     140,400     140,400

Selling and administrative  expenses 28,000      28,000

Total expenses                                  301,000    254,200

Pretax income                                     89,000      57,800

Income taxes (40%)                            35,600      23,120

Net income                                       $53,400   $34,680

Accounting rate of return                   15.3%         9.9%

= Net income/Initial investment cost * 100

Annual Cash inflows:

Net income                                       $53,400   $34,680

Annual depreciation                           87,500    116,667

Annual expected net cash flows   $140,500  $151,347

PV annuity factor at 9% for 4 years    3.240       2.531              

PV of annual cash inflows            $455,220 $383,059

Net Present Value = (Initial investment - PV of annual cash flows)

NPV =                                             $105,220   $33,059

Payback period = Initial investment cost/Annual cash inflow

Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 9.7 percent, a YTM of 7.7 percent, and has 14 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 7.7 percent, a YTM of 9.7 percent, and also has 14 years to maturity. Assume the interest rates remain unchanged and both bonds have a par value of $1,000.
1. What are the prices of these bonds today? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
2. What do you expect the prices of these bonds to be in one year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
3. What do you expect the prices of these bonds to be in three years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
4. What do you expect the prices of these bonds to be in eight years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
5. What do you expect the prices of these bonds to be in 12 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Answers

Answer:

I used an Excel spreadsheet and the IRR function:

1. $1,169.55

2. $1,162.47

3. $1,146.61

4. $1,094.67

5. $1,036.43

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