Sable, Inc. has budgeted direct materials purchases of $400,000 in March and $500,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted: Wages expense $120,000 Purchase of office equipment 200,000 Selling and administrative expenses 126,000 Depreciation expense 18,000 Compute the amount of budgeted cash disbursements for April.

Answer: $ 83,333.33

Explanation:

Based on the information given, the value of Golf Ball Inc. if it undertakes the upgrade will be:

It should be noted that the earning will be distributed as dividend if there's no upgrade. Hence, dividend will be $10000.

Since the required rate of return is 12%, then the value of Golf Ball Inc. if it undertakes the upgrade will be:

= Dividend / required rate of return

= 10000 / 12 %

= 10000 / 0.12

= $ 83,333.33

Answer:

Current Ratio - Transaction 1 = 1.6666  rounded off to 1.67

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

Explanation:

The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

We know the initial current ratio and current assets. The initial current liabilities will be,

1.8 = 54000 / Current Liabilities

Current Liabilities = 54000 / 1.8

Current Liabilities = $30000

Transaction 1

The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,

Current Ratio - Transaction 1 = (54000 + 6000)  /  (30000 + 6000)

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Transaction 2

The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,

Current Ratio - Transaction 2 = (54000 + 6000 -1000)  /  (30000 + 6000)

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

Answer:

The maximum profit of $847.03 occurs when Melissa produces 25 soaps and 25 candles.

Explanation:

The linear programming equations forms as follows:

Cost of producing 1 Soap=Cost of Soap Base+Cost of Coconut Oil+Cost of Essential Oil

Cost of Soap base is $2.

Cost of Coconut Oil for one soap is [tex]\$\dfrac{2}{112}\times12[/tex].

Cost of Essential Oil for one soap is [tex]\$\dfrac{5}{150}\times50[/tex]

So the total cost of 1 soap is

[tex]\text{Cost of producing 1 Soap}=\$2+\$\dfrac{2}{112}\times12+\$\dfrac{5}{150}\times50\\\text{Cost of producing 1 Soap}=\$2+\$0.21428+\$1.6666\\\text{Cost of producing 1 Soap}=\$3.8808[/tex]

So the cost of producing one bar of soap is 3.8808

So the profit per soap is

[tex]\text{Profit}=\text{Selling Price}-\text{Cost}[/tex]

Here selling price is $18 for soap so

[tex]\text{Profit}=\text{Selling Price}-\text{Cost}\\\text{Profit}=\$18-\$3.8808\\\text{Profit}=\$14.1192[/tex]

Profit per soap is $14.1192.

Similarly the cost of producing 1 candle is as follows:

Cost of producing 1 Candle=Cost of Wax Base+Cost of Coconut Oil+Cost of Essential Oil

Cost of Wax base is $2.25.

Cost of Coconut Oil for one candle is [tex]\$\dfrac{3}{112}\times12[/tex].

Cost of Essential Oil for one candle is [tex]\$\dfrac{8}{150}\times50[/tex]

So the total cost of 1 candle is

[tex]\text{Cost of producing 1 Candle}=\$2.25+\$\dfrac{3}{112}\times12+\$\dfrac{8}{150}\times50\\\text{Cost of producing 1 Candle}=\$2.25+\$0.32142+\$2.6666\\\text{Cost of producing 1 Candle}=\$5.2380[/tex]

So the cost of producing one candle is $35.2380

So the profit per candle is

[tex]\text{Profit}=\text{Selling Price}-\text{Cost}[/tex]

Here selling price is $25 for a candle so

[tex]\text{Profit}=\text{Selling Price}-\text{Cost}\\\text{Profit}=\$25-\$5.2380\\\text{Profit}=\$19.7620[/tex]

Profit per candle is $19.7620.

If the number of soaps produced is X and the number of candles produced is Y then the maximization function of profit is given as

[tex]Z=f(X,Y)=14.1192X+19.7620Y[/tex]

Also the constraints are given as follows:

If Melissa has 3 jars of coconut oil and each jar has 112 tablespoons thus the total tablespoons Melissa has are 336. If 2 tablespoon coconut oil is used for 1 soap and 3 tablespoons are used for 1 candle thus

[tex]2X+3Y\leq336[/tex]

Similarly, Melissa has 2.5 containers of essential oil and each container has 150 drops thus the total drops Melissa has are 375. If 5 drops of essential oil are used for 1 soap and 8 drops are used for 1 candle thus

[tex]5X+8Y\leq375[/tex]

For the soap bases, each soap uses 1 soap bases and total soap bases are 25 thus

[tex]X\leq25[/tex]

Similarly, for the wax base, each candle uses 1 wax base, and the total wax bases are 25 thus.

[tex]Y\leq25[/tex]

So the linear programming model becomes

[tex]2X+3Y\leq336\\5X+8Y\leq375\\X\leq25\\Y\leq25[/tex]

with maximization of

[tex]Z=f(X,Y)=14.1192X+19.7620Y[/tex]

Now solving this using the graphical method of linear programming as attached gives:

The maximum profit of 847.03 occur when Melissa produces 25 soaps and 25 candles.

Answer:

500 units

Explanation:

The computation of the sales units in volume to achieve the desired profit is shown below:

= (Fixed cost + target profit) ÷ (contribution margin per unit)

= ($3,000 + $500) ÷ ($5 × 60% + $10 × 40%)

= $3,500 ÷ 7

= 500 units

Hence, the sales units in volume to achieve the desired profit is 500 units

The above formula should be applied to determine the sales units

hence, the same would be considered

Answer and Explanation:

a. The computation of the equity cost of capital is shown below:

As we know that

Expected rate of return = Risk free rate + Risk Premium × Beta

= 5.20% + 4.90% × 1.30

= 11.57%

b. Now the rate at which the dividend should be grow is

Value of the stock = Expected dividend ÷ (cost of equity - growth rate)

$38 = $2 ÷ (11.57% -  growth rate)

so, the growth rate is 6.31%

Answer:

a) EPS

2005 Earnings per share=$18.3

2005 Earnings per share=$21.6

b) EPS Variance = $3.3 favorable

Explanation:

Earnings per share(EPS) is the total earnings attributable to ordinary shareholders divided by the number of units of common stock

Earnings attributable to ordinary shareholders= Net income after tax - preference dividend

Earnings per share = (Net income after tax - preference dividend)/Number of shares

2005 Earnings per share = $1,687,000- $40,000/90,000 shares=$18.3

2006 Earnings per share=($2,632,000- $40,000)/120,000 shares=$21.6

2005 Earnings per share=$18.3

2006 Earnings per share=$21.6

EPS Variance

Comparing the EPS the Earning per share in 2006 is higher than that of 2005. Hence, the variance = 21.6-18.3= $3.3 favorable

EPS Variance = $3.3 favorable

Answer:

Feb. 1

Debit  : Cash (48,000 x $52)    $2,496,000

Credit : Preferred Stock (48,000 x $50)   $2,400,000

Credit : Paid in excess of Par - Preferred Stock  $96,000

July 1

Debit  : Cash (66,000 x $56)    $3,696,000

Credit : Preferred Stock (66,000 x $50)   $3,300,000

Credit : Paid in excess of Par - Preferred Stock  $396,000

Explanation:

With Par value stocks, any amount paid in excess of par is placed in a reserve - Paid in Excess of Par as shown in the journals above.

Answer:

(a) Yes, Judy will be required to give her daughter, Liza, the tract of land on which she has started to build. Therefore, Judy cannot rescind his promise to Liza.

(b) No, Ralph will NOT be required to give his son, Ed $25,000 to purchase a tract of land. Therefore, Ralph can rescind his promise.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

(a) Judy orally promises her daughter, Liza, that she will give her a tract of land for her home. Liza, as intended by Judy, gives up her homestead and takes possession of the land. Liza lives there for six months and starts construction of a home. Now Judy wants to rescind his promise to Liza.

(b) Ralph, knowing that his son, Ed, desires to purchase a tract of land, promises to give him the $25,000 he needs for the purchase. Ed, relying on this promise, buys an option on the tract of land. Now Ralph wants to rescind his promise to Ed.

Will Judy be required to give her daughter, Liza, the tract of land on which she has started to build, and will Ralph be required to give his son, Ed $25,000 to purchase a tract of land. Can Ralph rescind his promise?

Explanation of the answers is now provided as follows:

Each of the two cases will be decided based on the principle promissory estoppel.

Promissory estoppel refers to the legal principle that states that despite that there us formal consideration attached to a promise, it is still enforceable by law if the promise from the promisor makes the promisee to rely on the promise to his subsequent detriment.

(a) Will Judy be required to give her daughter, Liza, the tract of land on which she has started to build?

Yes, Judy will be required to give her daughter, Liza, the tract of land on which she has started to build.

The is because Liza has relied on the promise from Judy to her subsequent detriment by giving up her up her homestead and already starts construction of a home. Since the Judy promise from Judy induces the action of Liza that is reasonably expected by Judy, he cannot rescind his promise to Liza.

(b) Will Ralph be required to give his son, Ed $25,000 to purchase a tract of land. Can Ralph rescind his promise?

No, Ralph will NOT be required to give his son, Ed $25,000 to purchase a tract of land.

This is because there is Ed has not taken any definite and substantial action to justify that he has relied on the promise from Ralph to his subsequent detriment. It may not be possible to construe the purchase of an option on the tract of land by Ed as a definite and substantial action. Therefore, Ralph can rescind his promise.

Answer:

b. Beta's manager did not choose wisely.

Explanation:

If you know that you are competing with identical charities, calling later will only result in fewer donations. The calls should start at 5 PM, and probably the three fundraisers will start calling at the same time. The only advantage that they can have depends on reaching the adults first, so the time of the calls is important.

Answer:

1.It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

2.Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.

3.A demand curve shows the relationship between quantity demanded and price in a given market on a graph. ... A supply curve shows the relationship between quantity supplied and price on a graph. The law of supply says that a higher price typically leads to a higher quantity supplied.

Answer:

Income Statements

                                                             2013                2014             2015

Sales revenue                                $294,170      $360,920        $414,180

Sales returns and allowances            11,200            13,470         20,740

Net sales                                         282,970         347,350      393,440  

Beginning inventory                          21,590          33,560          42,010

Purchases                                       245,240       263,090       298,600

Purchase returns and allowances     (5,180)          (8,330)        (10,440)

Freight-in                                             8,140            9,480           12,440

Total cost of goods available        269,790       297,800         342,610

Ending inventory                             33,560           42,010          47,870

Cost of goods sold                       236,230        255,790       294,740

Gross profit on sales                      46,740           91,560          98,700

Explanation:

a) Data and Calculations:

                                                             2013                2014             2015

Sales revenue                                $294,170           $                  $414,180

Sales returns and allowances            11,200            13,470  

Net sales                                                                 347,350  

Beginning inventory                          21,590           33,560  

Ending inventory  

Purchases                                                             263,090       298,600

Purchase returns and allowances     5,180             8,330           10,440

Freight-in                                            8,140             9,480            12,440

Cost of goods sold                       236,230                                294,740

Gross profit on sales                      46,740           91,560           98,700

Beginning inventory                          21,590          33,560          42,010

Purchases                                       245,240       263,090       298,600

Purchase returns and allowances     (5,180)          (8,330)        (10,440)

Freight-in                                             8,140            9,480           12,440

Total cost of goods available        269,790       297,800         342,610

Ending inventory                             33,560           42,010           47,870

Cost of goods sold                       236,230        255,790       294,740

Answer:

Whisper Co.

1. Journal Entries to record transactions:

Jan. 2 Debit Treasury stock $90,000

Debit Paid-in Capital in Excess $30,000

Credit Cash $120,000

To record the purchase of 6,000 shares of its own stock at $20 cash per share.

Jan. 5 Debit Cash Dividend $78,000

Credit Dividend Payable $78,000

To record the declaration of a $2 per share cash dividend payable on 39,000 (45,000 - 6,000) shares

Feb. 28 Debit Dividend Payable $78,000

Credit Cash $78,000

To record the payment of the dividends.

July 6 Debit Cash $54,000

Credit Treasury stock $33,750

Credit Paid-in Capital in Excess $20,250

To record the resale of 2,250 of its treasury shares at $24 cash per share.

Aug. 22 Debit Cash Dividend $90,000

Credit Dividend Payable $90,000

To record the declaration of a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record (45,000 shares).

Sept 5 Debit Cash $63,750

Credit Treasury stock $56,250

Credit Paid-in Capital in Excess $7,500

To record the resale of 3,750 of its treasury shares at $17 cash per share.

Oct. 28 Debit Dividend Payable $90,000

Credit Cash $90,000

To record the payment of the dividends.

Dec. 31 Debit Retained earnings $368,000

Credit  Income Summary $368,000

To close the net loss to the retained earnings.

2. Statement of Retained Earnings for the year ended December 31, 2019

Retained earnings, December 31, 2018    $430,000

Net loss                                                        -368,000

Dividends paid                                             -168,000

Retained earnings, December 31, 2019  ($106,000)

3. Stockholders' Equity, December 31, 2019:

Common stock—$15 par value, 100,000 shares authorized,

45,000 shares issued and outstanding                  $ 675,000

Paid-in capital in excess of par value, common stock 67,750

Retained earnings                                                    ($106,000)

Total stockholders' equity                                       $ 636,750

Explanation:

a) Data and Calculations:

Stockholders' Equity (December 31, 2018)

Common stock—$15 par value, 100,000 shares authorized,

45,000 shares issued and outstanding                  $ 675,000

Paid-in capital in excess of par value, common stock 70,000-30,000+20,250+7,500 = 67,750

Retained earnings                                                       430,000

Total stockholders' equity                                      $ 1,175,000

Transaction Analysis:

Jan. 2 Treasury stock $90,000 Paid-in Capital in Excess $30,000 Cash $120,000 purchase of 6,000 shares of its own stock at $20 cash per share.

Jan. 5 Cash Dividend $78,000 Dividend Payable $78,000

a $2 per share cash dividend payable on 39,000 (45,000 - 6,000) shares  

Feb. 28 Dividend Payable $78,000 Cash $78,000

July 6 Cash $54,000 Treasury stock $33,750 Paid-in Capital in Excess $20,250  2,250 of its treasury shares at $24 cash per share.

Aug. 22 Cash Dividend $90,000 Dividend Payable $90,000

$2 per share cash dividend payable on October 28 to the September 25 stockholders of record.

Sept 5 Cash $63,750 Treasury stock $56,250 Paid-in Capital in Excess $7,500   3,750 of its treasury shares at $17 cash per share.

Oct. 28 Dividend Payable $90,000 Cash $90,000

Dec. 31 Retained earnings $368,000 Income Summary $368,000

Dec. 31 Retained earnings $168,000 Cash Dividend $168,000

Answer:

Speed World Cycles

a.                                        Average Cost       FIFO              LIFO

Cost of goods sold           $20,100           $19,900       $20,300

Ending inventory              $20,100          $20,300       $19,900

b-1. FIFO will result in Speed World Cycles reporting the highest net income for the current year, because of the reduced cost of goods sold.

b-2. LIFO minimizes the income taxes owed by Speed World Cycles for the year, because it reduces the income before taxes.

b-3. Yes.  However, the cost flow assumptions self-correct in later years, by which time it is not allowed to be jumping from one cost flow assumption to another.

Explanation:

a) Data and Calculations:

Purchase Date    Units Purchased   Unit Cost     Total Cost

July 1                             2                    $ 4,950        $ 9,900

July 22                          3                       5,000          15,000

Aug. 3                           3                        5,100          15,300

Total                             8                                       $ 40,200

July 28 Sold                4                          

September 30            4 (8 - 4)

Average cost = $40,200/8 = $5,025

a-1. Cost of goods sold = $20,100 (4 * $5,025)

Ending inventory = $20,100 (4 * $5,025)

a-2. FIFO:

Ending inventory = $20,300 (3 * $5,100 + 1 * $5,000)

Cost of goods sold = Cost of goods available minus cost of ending inventory

= $40,200 - $20,300

= $19,900

a-3 LIFO:

Cost of goods sold = $20,300 (3 * $5,100 + 1 * $5,000)

Ending inventory = Cost of goods available minus cost of goods sold

= = $40,200 - $20,300

= $19,900

Answer:

C) credit Contributed Capital in excess of par, Common Stock, $25,000

Explanation:

Missing word "Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . .$100,000. Contributed Capital in excess of par value, Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     . . . . . .     250,000. Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . . . . . . . .  50,000. Contributed Capital in excess of par value, Common Stock . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . 450,000. Total Contributed Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 850,000. Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000. Total Stockholders' Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000"

The journal entry to record the stock dividend will be:  

Date   Account Titles                                                 Debit     Credit

          Retained earnings                                        $75,000

          (10000*7.50*100%)

                Common stock dividends distributable                $50,000

                (10000*100%*$5)

                Contributed Capital in excess of par value,           $25,000

                Common Stock (10000*100%*(7.5-5))

Answer:

structured is the correct answer.

Explanation:

on edge.

Answer:C

Explanation:

A behavioral interview is obviously based on behavior.

A informational interview is where you have to know more.

A case interview is where you basically work as an employee to see how you can manage or do the job.

A panel interview is where there’s many interviewers and one candidate

Answer:

A.Nuclear power releases less greenhouse gases than other forms of power.

Explanation:

correct on edge

Nuclear power releases fewer greenhouse gases than other forms of power is supported by the information in the graph. Thus, option A is correct.

The oxidation-reduction reactions in MFCs produce electrical energy as the consequence of the release, movement, and reception of electrons from biological processes. comparable emissions across the entire energy chain

The cheapest and greatest values are shown in a graph with bars of the C O 2 comparable emissions for the entire energy chain in grams per kilowatt hour.

That's because nuclear reactors harness fission, an anatomical procedure that separates uranium atoms and produces heat, to make tremendous quantities of energy. Compared to other kinds of energy, nuclear power emits fewer greenhouse emissions.

Therefore, option A is correct.

Learn more about electricity production, here:

https://brainly.com/question/30886077

#SPJ3

Answer and Explanation:

The journal entry is shown below;

Fees receivable $7,200 ($10,800 × 4 months ÷ 6 months)

           To Service fees earned $7,200

(being service fees earned is recorded)

Here the fees receivable is debited as it increased the assets and credited the service fees earned as it also increased the revenue

So, this journal entry should be recorded

Answer and Explanation:

The journal entries are shown below:

a. No journal entry is required

b. Depreciation expense $4,756  

          To Accumulated depreciation-Machinery $4,756

(Being depreciation expense is recorded)

Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets

Working

Accumulated depreciation is

= ($69,600 - $4,640 ÷ 8 × 5)

= $40,600

Now Revised depreciation is

= ($69,600 - $40,600 - $5,220) ÷ 5

= $4,756

Answer:

The investor should invest $4,000 in AAA bonds, $3,000 in A bonds, and $2,000 in B bonds.

Explanation:

Note: This question is not complete as all the data in it are omitted. The complete question with the omitted is therefore presented before answering the question as follows:

An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds is 5%, on A bonds 6%, and on B bonds 9%. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond under the following conditions? How much should be invested in each type of bond if the total investment is $9,000, and the investor wants an annual return of $560 on the three investments.

The explanation of the answer is now given as follows:

From the question, we have:

AAA = 2B

Total investment is therefore as follows:

2B + A + B = $9,000

3B + A = $9,000 …………………………. (1)

Annual return is also as follows:

(5% * 2B) + (6% * A) + (9% * B) = $560

0.1B + 0.06A + 0.09B = $560

0.1B + 0.09B + 0.06A = $560

0.19B + 0.06A = $560 …………………. (2)

From equation (1), we have:

A = $9,000 – 3B …………………………. (3)

Substituting A from equation (3) into equation (2), we have:

0.19B + 0.06($9,000 – 3B) = $560

0.19B + 540 – 0.18B = $560

0.19B  – 0.18B = $560 - $540

0.01B = $20

B = $20 / 0.01

B = $2,000

Since:

AAA = 2B

Therefore, we have:

AAA = 2 * $2,000

AAA = $4,000

Substituting B = $2,000 into equation (3), we have:

A = $9,000 – (3 * $2,000)

A = $9,000 - $6,000

A = $3,000

By implication, we have total investment as follows:

AAA + A + B = $4,000 + $3,000 + $2,000 = $9,000

Therefore, the investor should invest $4,000 in AAA bonds, $3,000 in A bonds, and $2,000 in B bonds.

Answer:

$18,300 loss

Explanation:

Profit or Loss on sale of an asset is calculated in the asset`s disposal account. Simply stated, Profit or Loss on sale is Cash Receipt from sale less Carrying Amount of an asset.

where,

Accumulated depreciation = $428,160 + 40,140 = $468,300

Carrying Amount = $558000 - $468,300 = $89,700

therefore

Profit or Loss on sale = $71400 - $89,700 = $18,300 loss

Answer:

Explanation:

Linking the measures to the perspective number(s) of the balanced scorecard

The Market share is simply a portion of the general market that is been controlled by a product or organization

New customer referrals form existing customers is one way a company can get new and returning customers to patronize them

Regulatory compliance and order errors  is been handled by the management of the business

Answer:

ion the answer do u have options ?

Explanation:

Answer:

c. (140,000)

Explanation:

Effect on net income of dropping the North Division:

Sales                                       $(900,000)

Variable expenses                 $450,000

Contribution margin               $(450,000)

Traceable fixed expenses     $260,000

Effect on net income            ($190,000)

Since the North Division currently have Net operating income (loss) of ($50,000), so therefore, after dropping the North Division, the overall company net operating loss will be $140,000 ($50,000 - $190,000).

Answer:

Foreign branch

This is usually refered to as legal and operational section (part)of the parent bank. It is said that creditors of the branch have full legal rights on the bank's assets in all and also creditors of the parent bank have hold/claims on its branches' assets.

A foreign branch bank operates like a local bank, but is legally part of the the parent.

A branch bank is subject to both the banking regulations of home country and the country in which it operates (foreign country)

Explanation:

Foreign Branches

A foreign branch bank is a branch of a bank in other country. It usually operates like a local bank even though they are a section or part of the the parent legally. Thehy abide by the rules and regulations of the banking regulations of home country and also that of foreign country which their operating is based (branched)

They are commonly known to give a wide and broad range of services than a representative office. Branch Banks are used by U.S. banks to expand overseas.

Answer:

Depreciation per year $40,000

Explanation:

The computation of the depreciation expense each year, beginning with the third year is shown below:

Purchase cost $500,000

Less residual value -$50,000

Depreciable cost $450,000

Depreciation per year $90,000 ($450,000 ÷ 5 years)

For two years, the depreciation is $180,000

Book value at the end of the 2nd year is $320,000

($500,000 - $180,000)

Depreciation per year $40,000 ($320,000 ÷ 8 years)

Answer:

Personal Branding. the practice of people marketing themselves and their careers as brands.

Answer:

The following is how I would deal with the issue of drinking and other associated issues among the Patron in the venue.

A) How do you respond to these patrons?

O.  Issue the group with a warning to make sure they know the type of behaviour that the venue expects.

B) One of the patrons comes to the bar to order a few jugs of pre-mix alcoholic drinks for the group. Refuse service to the patron and explain why serving alcohol in this manner is irresponsible.

O. I would refuse to serve the group with the mix which they wanted because they are already drunk going by their behaviour. This would also help to prevent total intoxication in the group which would end up endangering the road users should they decide to go home by driving. The best option would be to ensure that, they took taxi back to their various homes rather than driving themselves.

C) The patron is not happy that you have refused him service and he pressures you to serve the group the jugs of alcohol. More of the patron’s friends ........D) How do you respond to this?

O. By subtle reminder to them that, they are becoming a public nuisance in the venue, and would end up calling the police should the continue with their acts.

E) After you ask some of the patrons to leave the venue, others from the group start to get upset. They are getting more aggressive and you do not think you can handle the situation on your own. How do you respond to this?

O. By informing my overall supervisor why at same time putting a call across to the police about the potential breakdown of order in the venue which has a very high chance of leading to fight or injury.

Explanation:

Answer:

Masterson, Inc.

1. The company's capital structure weights on a book value basis are:

Book Value Weights:

Equity = 0.27 or 27%

Debts = 0.73 0r 73%

2. The company's capital structure weights on market value basis are:

Market Value Weights:

Equity = 0.75 or 75%

Debts = 0.25 or 25%

3. The market value weights of Masterson's common stock and debts are more relevant because they represent a more current valuation of the equity and the debts.  It is easier to calculate the book value weights since the information is more readily available within the entity than the information on market weights.

Explanation:

a) Data and Calculations:              

Equity                                     Units                     Total Value

Outstanding common stock  4.4 million shares

Current share price              $89.50                  $393.8 million

Book value per share           $11.25                    $49.5 million

Debt                                        Units                     Total Value

First bond:

 Face value                             81,000                   $81 million

 Market value                         81,000                    $78.165 million

Coupon rate =                         5.1%                       $4.131 million p.a.

Second bond:

 Face value                            53,000                   $53 million

 Market value                        53,000                   $54.445 million

Coupon rate =                        5.3%                      $2,809 million p.a.

Total book value of bonds    134,000                 $134 million

Total market value of bonds 134,000                 $132.61 million

Capital structure      Equity                    Bonds                 Total

Book value              $49.5 million          $134 million       $183.5 million

Market value           $393.8 million        $132.61 million  $526.41 million

Book Value Weights:

Equity = $49.5/$183.5 = 0.27 or 27%

Debts = $134/$183.5 = 0.73 0r 73%

Market Value Weights:

Equity = $393.8/$526.41 = 0.75 or 75%

Debts = $132.61/$526.41 = 0.25 or 25%