Suppose that Healdsburg enters into a sales contract with an auto manufacturer on January 1, 2021, to provide tires that cost Healdsburg $18 million to produce. The buyer offers Healdsburg $6 million in cash and agrees to take over only the principal payment on Healdsburg's 6.55% debt notes. Assume that the going market interest is 7% at the time. What would Healdsburg's gross profit be on the sale

Answers

Answer 1

Answer: hello your question is incomplete attached below is the complete question

answer :  $9,836,000.

Explanation:

Revenue of Healdsburg will be calculated as

= cash in hand +  PV of the 6.55% note principal

= 6 million + ( 25million * 0.87344 ) = $27,836,000

hence Gross profit made by Healdsburg = 27,836,000 - 18,000,000 = $9,836,000.

given that ; n = 2 , interest ( i ) = 7%

Suppose That Healdsburg Enters Into A Sales Contract With An Auto Manufacturer On January 1, 2021, To
Suppose That Healdsburg Enters Into A Sales Contract With An Auto Manufacturer On January 1, 2021, To
Suppose That Healdsburg Enters Into A Sales Contract With An Auto Manufacturer On January 1, 2021, To

Related Questions

A small, privately-owned Asian company is producing a private-label soft drink Yoggo. A machine paced line puts the soft drinks into plastic bottles and then packages the bottles into boxes holding 10 bottles each. The machine paced line is comprised of the following 4 steps:Step 1 Bottling machine takes 1 second to fill a bottleStep 2 The lid machine takes 3 seconds to cover the bottle with a lidStep 3 A labelling machine takes 5 seconds to apply a label to the bottleStep 4 The packaging machine takes 4 seconds to place a bottle into a boxWhen a box has been filled with 10 bottles, a worker tending the packaging machine removes the filled box and replaces it with an empty box. Assume that the time for the worker to remove the filled box and replace it with an empty box is negligible and hence does not affect the capacity of the line. At step 3, there are two labeling machines that each process alternating bottles. That is, the first machine processes bottles 1,3,5 etc and the second machine processes 2,4,6 etc.Problem data are summarized in the table:Process step: Bottling# of machines: 1 Second per bottle: 1Process step: Apply a lid # of machines: 1 Second per bottle: 3Process step: Labeling # of machines: 2 Seconds per bottle: 5Process step: Packaging # of machines: 1 Second per bottle: 4a) What is the processing capacity (bottles/hr) for the machine paced line?b) What is the bottleneck in the process?c) If one identical labelling machine is added to the process, how much is the increase in the processing capacity going to be (in terms of bottles/hr)?

Answers

Answer:

A. 15 per min or 900 bottles per hour

B. Station 4

C. No increase

Explanation:

a) Calculation to determine the processing capacity (bottles/hr) for the machine paced line

Output of station 1 = 60 /1

Output of station 1 = 60 per minutes

Output of station 2 = 60/3

Output of station 2 =20 per minute

Output of station 3 = 2x 60/5

Output of station 3 =24per minute

Output of station 4 = 60/4

Output of station 4=15 per minute

Based on the above calculation the PROCESS CAPACITY  of the machine paced line will either be  15 per minute or 900 bottles per hour (15minx60)

b)The BOTTLENECK  in the process will be STATION 4

c) In a situation were an identical labelling machine is been  added to the process there won't be any  increase in the processing capacity in terms of bottles/hr reason been that the bottleneck is not the labelling machine.

(1) Given access to the same risk-free asset and the same investment opportunity set of risky assets, an investor's degree of risk aversion will determine his or her ______. A. optimal risky portfolio B. risk-free rate C. optimal mix of the risk-free asset and risky asset D. capital allocation line

Answers

Answer: C. optimal mix of the risk-free asset and risky asset

Explanation:

Risk aversion simply has to do with how people curtail risk and this is done through the preference for the outcomes that have low uncertainty than those that have high uncertainty.

An investor's degree of risk aversion will determine his or her optimal mix of the risk-free asset and risky asset even if they've access to the same risk-free asset and also the same investment opportunity set of risky assets.

The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to the company's two products using the data that are given below:Wall Mirrors Specialty WindowsTotal expected units produced 12,900 1,500Total expected material moves 1,290 1,400Expected direct labor-hours per unit 9 12The total materials handling cost for the year is expected to be $16,754.50.If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the wall mirrors is closest to: (Round your intermediate calculations to 4 decimal places.)Multiple Choice

Answers

Answer:

$14,506

Explanation:

Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:

First step is to calculate Material handling cost per labor hour

Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]

Material handling cost per labor hour =$16,754.50/(116,100+18,000)

Material handling cost per labor hour = $16,754.50/134,100

Material handling cost per labor hour =0.124940

Now let calculate the Materials handling cost allocated to wall mirrors

Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940

Materials handling cost allocated to wall mirrors = $14,506

Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506

surrender of shares is the same thing as forfeiture of shares comment

Answers

Answer:

False

Explanation:

The main difference between "Surrender of Shares" and "Forfeiture of shares" is the existence of compulsiveness. Although the two terms result in the loss of shares, the "Surrender of Shares" is done voluntarily, when the company or the shareholder decides to return the shares. The "Forfeiture of shares" occurs when the shares are taken compulsorily, due to non-payment or failure to meet deadlines.

Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children. His daughter, Tonya, is a chemical engineer who earns a high income. His son, Terry, opted out of college and went to work straight out of high school. Now Terry works in construction; he works just as hard as Tanya, but he is less affluent than she is.

Classify each example of possible ways David could divide his assets based on fairness and distribution.

a. Leave his money to the child whom he thinks deserves more money.
b. Leave his money to charity instead
c. Split his wealth evenly Terry and Tonya
d. Leave terry his entire wealth to offset the gap between him and his sister.
e. Tell his kids he will leave the money to whoever does the most to take care of him in his old age.

1. Fairness of equal outcomes
2. Fairness of equal opportunity
3. Fairness of process
4. Fairness of what is reserved or earned

Answers

Answer:

Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.

Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.

Fairness of Process: Tell his kids he will leave the money to whoever does the most to take care of him in his old age.

Fairness of what is deserved or earned: Leave his money to the child whom he thinks deserves the most money.

Why would it be economically efficient to require a natural monopoly LOADING... to charge a price equal to marginal​ cost? A. Economic efficiency requires natural monopolies to earn zero economic profits. B. Economic efficiency requires the total benefit of producing a good to equal the total cost of producing it. C. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it. D. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers greater than the additional cost of producing it. E. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the additional cost of producing it.

Answers

Answer:

Option C is the correct Option.

Explanation:

First of all, let me clear it to you that, it is a multiple choice question with 5 options in it.

Question Statement:

Why would it be economically efficient to require a natural monopoly to charge a price equal to marginal​ cost?

Solution:

The correct answer to this question is option C .

Option C = Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it

Reasoning:

The marginal value of the last unit of output delivered to consumers is equal to the marginal cost of production. The overall welfare surplus is maximized, including both user and producer surpluses. There is no loss of dead weight.

Which of the following statements is correct concerning liability when a partner in a general partnership commits a tort while engaged in partnership business? A. The partner committing the tort is the only party liable. B. The partnership is the only party liable. C. Each partner is jointly and severally liable. D. Each partner is liable to pay an equal share of any judgment.

Answers

The answer is “A”. “The partner committing the tort is the only party liable.

The statement is correct concerning liability when a partner in a general partnership commits a tort while engaged in partnership business that is "each partner is jointly and severally liable". The correct option is C.

In a general partnership, each partner shares joint and several liability for the actions and liabilities of the partnership.

If a partner commits a tort while engaged in partnership business, the injured party can hold the partnership and all individual partners personally liable for any resulting damages.

This means that the injured party can choose to pursue a claim against the partnership as a whole or against any individual partner or a combination of partners, depending on their preference or ability to satisfy the judgment.

Therefore, the correct option is C.

To know more about partnership here,

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On October 1, 2021, Ivanhoe Company purchased to hold to maturity, 3000, $1000, 8% bonds for $3460000 which includes $50000 accrued interest. The bonds, which mature on February 1, 2030, pay interest semiannually on February 1 and August 1. Ivanhoe uses the straight-line method of amortization. The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of

Answers

Answer:

$3,422,300

Explanation:

Calculation to determine what bonds should be reported in the December 31, 2021 balance sheet at a carrying value

Bonds=($3,460,000 - $50,000)+[($3,460,000 - $50,000)-(3,000*$1,000)*3/100]

Bonds=$3,410,000 +($3,410,000 -$3,000,000 *3/100)

Bonds=$3,410,000+($410,000*3/100)

Bonds=$3,410,000+$12,300

Bonds=$3,422,300

Therefore bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $3,422,300

WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $90,000 annually and one salaried estimator who is paid $50,000 annually. The corporate office has two office administrative assistants who are paid salaries of $54,000 and $39,000 annually. The president's salary is $159,000. How much of these salaries are common fixed expenses

Answers

Answer:

$252,000

Explanation:

Calculation to determine How much of these salaries are common fixed expenses

Office administrative assistant $ 54,000

Office administrative assistant $39,000

President's salary $159,000

Common fixed expenses $ 252,000

($54,000+$39,000+$159,000)

Therefore How much of these salaries are common fixed expenses will be $252,000

Trade policies a. alter the trade balance because they alter imports of the country that implemented them. b. do not alter the trade balance because they cannot alter the real exchange rate of the currency of the country that implements them. c. alter the trade balance because they alter net capital outflow of the country that implemented them. d. do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

Answers

Hola lo siento no te entiendo

Data for January for Bondi Corporation and its two major business segments, North and South, appear below:Sales revenues, North $ 759,000Variable expenses, North $ 440,500Traceable fixed expenses, North $ 90,900Sales revenues, South $ 586,800Variable expenses, South $ 334,900Traceable fixed expenses, South $ 76,000In addition, common fixed expenses totaled $206,000 and were allocated as follows: $107,000 to the North business segment and $99,000 to the South business segment.A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:

Answers

Answer and Explanation:

The computation of the segment margin of the North business segment is shown below:

Particulars            Total             North       South

Sales                    $1,345,800   $759,000  $586,800

Less:

Variable cost       -$775,400       $440,500   $334,900

Contribution margin $570,400  $318,500    $251,900

Less:

Fixed cost             $166,900      $90,900      $76,000

Segment margin   $403500     $227600     $175900

Less: common fixed ex  $206,000

Net operating income   $197,500

Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year: Rent $43,500 Bribes 65,250 Travel expenses 4,350 Utilities 26,100 Wages 274,250 Payroll taxes 21,750 Property insurance 2,175 Illegal kickbacks 39,150 What are Vella's total deductible expenses for tax purposes

Answers

Answer:

$372,125

Explanation:

Calculation to determine Vella's total deductible expenses for tax purposes

Rent $43,500

AddTravel expenses 4,350

Add Utilities 26,100

Add Wages 274,250

Add Payroll taxes 21,750

Add Property insurance 2,175

Total deductible expenses $372,125

Therefore total deductible expenses for tax purposes will be $372,125

On January 1, 2020 Roberts acquires 100% of Smith by issuing 100,000 shares (par value $2, fair value $10). Smith will remain as a wholly owned subsidiary of Roberts. At acquisition date, Smith had a book value of assets of $800,000 and a book value of liabilities of $200,000. Included in the assets Smith had land with a book value of $400,000 and a fair value of $330,000. Included in the liabilities, Smith had a Note Payable with a book value of $120,000 and a fair value of $80,000. What is the amount of goodwill or gain on bargain purchase at January 1, 2020.

Answers

Answer:

$430,000

Explanation:

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

Acquisition of Assets and Liabilities of a subsidiary are made at their Acquisition date Fair Value amounts.

Assets Fair Value

Book Value                                       $800,000

Adjust Land Revalued                      ($70,000)

Assets fair value                               $730,000

Liabilities Fair Value

Book Value                                      $200,000

Adjust Note Payable Revalued       ($40,000)

Liabilities fair value                          $160,000

Now,

Net Assets Acquired = $730,000 -  $160,000 = $570,000

Purchase Price = 100,000 x $10 = $1,000,000

Goodwill = $430,000

Therefore,

the amount of goodwill or gain on bargain purchase at January 1, 2020 is $430,000

what are the negative impacts of a cooperative​

Answers

Answer:

Lack of Motivation:

Due to absence of link between efforts and material rewards, the members may lack the zest to serve the organisation to the best of their abilities. The results of such negatives are bound to show up in the functioning of the cooperative society.

Explanation:

please give me brainlist and follow.

clarify the term fair discrimination​

Answers

The term fair discrimination is a type of discrimination that is legally required.

What is fair discrimination?

Firm discrimination may be based on the following situations:

Inherent requirements of a particular job (qualifications)Compulsory discrimination by law (for example, laws that regulated interracial marriages)Discrimination based on productivity (meritocracy).

Thus, fair discrimination is a type of discrimination that is legally required.

Learn more about fair discrimination practices at https://brainly.com/question/22114189

Which of the four Ps does the question of discounts apply to?

Answers

Answer:

product, price, place, and promotion.

product, price,promotion, and place are the 4 p’s the question of discounts apply to

Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $2 per labor-hour. Strawberry and vanilla flavors are produced in Department SV. Chocolate is produced in Department C. Sven manages Department SV and Charlene manages Department C. The product costs (per thousand gallons) follow:
Strawberry Vanilla Chocolate
Direct labor (per 1,000 gallons) $766 $841 $1,141
Raw materials (per 1,000 gallons) 816 516 616
Requirement 1:
If the number of hours of labor per 1,000 gallons is 60 for strawberry, 70 for vanilla, and 100 for chocolate, compute the total cost of 1,000 gallons of each flavor using plantwide allocation.
Total cost
Strawberry $1,702
Vanilla $1,497
Chocolate $1,957
Requirement 2:
Charlene's department uses older, outdated machines. She believes that her department is being allocated some of the overhead of Department SV, which recently bought state-of-the-art machines. After she requested that overhead costs be broken down by department, the following information was discovered:
Department SV Department C
Overhead $88,760 $915
Machine-hours 25,360 37,600
Labor-hours 25,360 18,300
Using machine-hours as the department allocation base for Department SV and labor-hours as the department allocation base for Department C, compute the allocation rate for each.
Allocation rate
Department SV $3.50
Department C $0.05
Requirement 3:
Compute the cost of 1,000 gallons of each flavor of ice cream using the department allocation rates computed in requirement 2 if the number of machine-hours for 1,000 gallons of each of the three flavors of ice cream are as follows: strawberry, 60; vanilla, 70; and chocolate, 166. Direct labor hours by product remain the same as in requirement 1.
Requirement 4:
A) Was Charlene correct in her belief?
B) Department allocation generally yields more accurate product cost information.
1) True
2) False

Answers

Answer:

See below

Explanation:

a. Compute the total cost per 1,000 gallons

Strawberry Vanilla Chocolate

Direct labor $766 $841 $1,141

Raw materials $816 $516 $616

Overhead (60×$2)$120 ($70×2)$140 (100×$2) $200

Total cost $1,702 $1,497 $1,957

Therefore,

Total cost = $1,702 + $1,497 + $1,957 = $5,156

b. Compute the allocation rate for each department

Allocation base

Allocation rate

Department SV Per machine hour $88,760/25,360 $3.5

Department C Per labor hour

$915/18,300 $0.05

c. Compute the total cost

Strawberry Vanilla Chocolate

Direct labor $766 $841 $1,141

Raw materials $816 $516 $616

Overhead (60×$3.5)$210 (70×$3.5)$245 (100×$3.5)$350

Total cost $1,792 $1,707 $2,107

Therefore,

Total cost = $1,792 + $1,707 + $2,107 = $5,606

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Graham Pharmaceuticals has a quick ratio of 2.00x, $31, 500 in cash, $17, 500 in accounts receivable, some assets of inventory, total $70,000, and total abilities of $24, 500. The company reported annual sales of $100,000 in the most recent annual report, over the past year, how often did Graham Pharmaceuticals sell and replace its inventory? a. 8.01 x.b. 5.24 x.c. 2.85 x.d. 4.75 x.The inventory turnover ratio across companies in the pharmaceutical industry is 4.05x. Based on this information, which of the following statements is true for Graham Pharmaceuticals? A. Graham Pharmaceuticals is holding less inventory per dollar of sales compared to the industry average. B. Graham Pharmaceuticals is holding more inventory per dollar of sales compared to the industry average. You are analyzing two companies that manufacture electronic toy s-Like Games Inc. and our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $100,000 each. You've collected company data to compare Like Games and our play. Last year the average companies in the coming year. You've collected data from the companies financial statements. This information is listed as follows:Using this information, complete the following statements to include in your analysis. Data collected (in dollars) Like Games Our Play Industary AverageAccounts receivable 2,700 3,900 3,850Net fixed assets 55,000 80,000 216,750Total assets 95,000 125,000 234,6001. A ____ days of sales outstanding represents an efficient credit and collection policy. between the two companies ____ is collecting cash from its customers faster than ____ but both companies are collecting their receivables less quickly than the industry average. 2. Our Play's fixed assets turnover ratio is ___ than that of Like Games. This could be because our play is relatively new company, so the acquisition cost of its fixed assets is ____ than the recorded cost of Like Games's fixed assets. 3. Like Games's total assets turnover ratio is ____ which is ___ than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Answers

Answer:

Asset Management Ratios

Part A:

1. Inventory turnover:

= d. 4.75 x

2. Based on this information, the true statement for Graham Pharmaceuticals is:

B. Graham Pharmaceuticals is holding more inventory per dollar of sales compared to the industry average.

Part B:

1. A __Average__ days of sales outstanding represents an efficient credit and collection policy.  Between the two companies _Like Games__ is collecting cash from its customers faster than _Our Play_ but both companies are collecting their receivables less quickly than the industry average.

2. Our Play's fixed assets turnover ratio is _lower__ than that of Like Games. This could be because Our Play is relatively new company, so the acquisition cost of its fixed assets is _higher___ than the recorded cost of Like Games's fixed assets.

3. Like Games's total assets turnover ratio is _1.05x_ which is _higher_ than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Explanation:

a) Data and Calculations:

Graham Pharmaceuticals

Quick ratio = 2.00x

Cash = $31,500

Accounts receivable = $17,500

Inventory = x

Total current assets = $70,000

Total current liabilities = $24,500

Quick assets = $24,500 * 2 = $49,000 ($31,500 + $17,500)

Inventory (x) = $21,000 ($70,000 - $49,000)

Annual sales = $100,000

Inventory Turnover = $100,000/$21,000 = 4.76x

Part B:

                                      Like Games   Our Play    Industry Average

Accounts receivable             2,700         3,900           3,850

Net fixed assets                 55,000       80,000       216,750

Total assets                        95,000     125,000      234,600

Sales revenue                   100,000     100,000     100,000

Days Sales Outstanding      9.9 days   14.2 days      14x

Accounts receivable turnover 37x       25.6x          26x

Average Collection Period    9.9 days   14.3 days    14x

Fixed assets turnover ratio  1.82x        1.25x          0.46x

Total assets turnover ratio   1.05x        0.8x           0.43x

Average days of sales outstanding = Average Accounts Receivable/Sales * 365

Accounts receivable turnover = Net Sales/Average Receivable

Average Collection Period = 365/Accounts receivable turnover

Fixed assets turnover ratio = Net Sales/Net Fixed Assets

Total assets turnover ratio = Net Sales/Total assets

Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys plastic from two vendors: Tappan Corporation and Hill Enterprises. Kinnear chooses the vendor based on price. Once the plastic is received, it is inspected to ensure that it is suitable for production. Plastic that is deemed unsuitable is disposed of. The controller at Kinnear collected the following information on purchases for the past year: Tappan Hill Total purchases (tons) 4,000 6,500 Plastic discarded 100 520 The purchasing manager has just received bids on an order for 310 tons of plastic from both Tappan and Hill. Tappan bid $1,950 and Hill bid $1,886 per ton.

Required:
a. Assume that the average quality, measured by the amounts discarded from the two companies, will continue as in the past. What is the effective cost per ton for both Tappan and Hill?
b. Assume all else remains the same. What bid by Tappan would make Kinnear indifferent between buying from Tappan or Hill?

Answers

Answer:

A. Effective cost is $2000 for tappan, $2050 for hill

B. $1998.75

Explanation:

For tappan

Total tons purchased = 4000

Plastic discarded = 100

Percentage of discarded = 100/4000 x 100 = 2.5%

Percentage of accepted( not discarded) = 100 - 2.5% = 97.5%

Bid price = $1950

Effective cost of Tappan = 1950/97.5% = 1950/0.975 = $2000

For Hill

Total tons purchased = 6500

Plastic discarded = 520

% discarded = 520/6500*100 = 8%

% accepted = 100%-8% = 92%

Bid price = $1886

Effective cost for Hill = 1886/92% = $2050

2. Bid of Tappan/97.5% = $2050

We cross multiply

Bid of Tappan = 2050 x 0.975

= $1998.75

This bid by Tappan would make kinnear indifferent between buying from both

i also solve this in a table format as seen in the atttachment

Kelsey is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for merchandise for the next three months follow. Budgeted July August September Sales $ 62,700 $ 81,300 $ 49,300 Cash payments for merchandise 43,000 32,300 33,100 Sales are 15% cash and 85% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $13,600 in cash; $50,000 in accounts receivable; $5,800 in accounts payable; and a $3,300 balance in loans payable. A minimum cash balance of $13,300 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 2% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (5% of sales), office salaries ($5,300 per month), and rent ($7,800 per month). (1) Prepare a cash receipts budget for July, August, and September. (2) Prepare a cash budget for each of the months of July, August, and September.

Answers

Answer:

(1)Total cash receipts:

July = $59,405

August = $65,490

September = $76,500

2-a. Ending Cash Balance:

July = $13,300  

August = $26,371  

September = $54,206

2-b.  Loan Balance End of Month:

July = $2,896

August = $0

September = $0

Explanation:

(1) Prepare a cash receipts budget for July, August, and September.

Note: See part (1) of the attached excel file for the cash receipts budget for July, August, and September.

From the attached excel file, we have:

Total cash receipts:

July = $59,405

August = $65,490

September = $76,500

(2) Prepare a cash budget for each of the months of July, August, and September.

Note: See part (2) of the attached excel file for the cash budget for July, August, and September.

In the attached excel file, the following calculation is made:

July loan repayment = July preliminary cash balance - Minimum cash balance required = $13,704 - $13,300 = $404

From the attached excel file, we have:

2-a. Ending Cash Balance:

July = $13,300  

August = $26,371  

September = $54,206

2-b.  Loan Balance End of Month:

July = $2,896

August = $0

September = $0

Sunrise, Inc., has no debt outstanding and a total market value of $245,000. Earnings before interest and taxes, EBIT, are projected to be $19,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25 percent higher. If there is a recession, then EBIT will be 40 percent lower. The company is considering a $58,800 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 5,000 shares outstanding. The company has a tax rate of 21 percent and the stock price remains constant.
a-1. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
b-1. Calculate earnings per share, EPS, under each of the three economic scenarios assuming the company goes through with recapitalization. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
b-2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

hi

Explanation:

"Justin Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing in new technology that would decrease the variable cost per unit to $6 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 9,000 units of product. What sales price would have to be charged to earn a $90,000 target profit assuming the investment in technology is made?"

Answers

Answer:i dont know

Explanation:

Wilma Company must decide whether to make or buy some of its components. The cost of producing 60,000 switches for its generators are as follow: Direct Material $30,000 Direct Labor $42,000 Variable Overhead $45,000 Fixed Overhead $60,000 Instead of making the switches at $2.70 per unit. If the company purchases all the switches, all the variable cost and one-fourth of the fixed cost will be eliminated. (a) Prepare an incremental analysis showing whether the company should make or buy the switches. (b) Would your answer be different if the released productive capacity will generate additional income of $34,000

Answers

Answer:

The company would incur $ 30,000 additional costs if it buys the switches.

No, the company should make switches in order to avoid additional costs even if the income is increased.

Explanation:

Wilma Company

                                       Make                     Buy                    Net Income

                                                                                         ( increase / decrease)

Direct Material             $30,000                                       $30,000                    

Direct Labor                 $42,000                                           $42,000

Variable Overhead     $45,000                                                $45,000

Fixed Overhead          $60,000                   $ 45000              $ 15000

Purchase Price                                           (2.7 *60,000)              

                                                                      162,000                 ( 162,000)

Total                          $177,000                     $ 207,000            (30,000)

The company should make the switches because it costs more to buy rather than to make.

The company would incur $ 30,000 additional costs if it buys the switches.

No because even if the income is increased the better option would be to make switches to save the additional costs.

Explanation:

In a Lindahl equilibrium: Group of answer choices no one could be made better off by reducing his or her tax burden, all things equal. most but not all individuals are happy to pay their taxes to receive the benefits. the government must subsidize the project by using nontax financing schemes. everyone is willing to pay the taxes to receive the benefits.

Answers

Answer:

everyone is willing to pay the taxes to receive the benefits.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A Lindahl equilibrium can be defined as an economic state in which there is a production of an optimal quantity of public goods and the cost of these goods is shared in a fair manner among everybody. It was developed by Erik Lindahl.

In a Lindahl equilibrium everyone is willing to pay the taxes to receive the benefits.

Carey Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carey wishes to sell the land now. It has located two potential buyers.
Buyer A, who is willing to pay $850,000 for the land now, or Buyer B, who is willing to make 20 annual payments of $90,000, with the first payment to be made at the end of the year. Assuming that the appropriate rate of interest is 9%, who should Carey sell the land. Show calculations.

Answers

Answer:

Carey should choose buyer B

$911,569.11

Explanation:

Esquire Comic Book Company had income before tax of $1,350,000 in 2021 before considering the following material items:

1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $375,000. The division generated before-tax income from operations from the beginning of the year through disposal of $570,000.
2. The company incurred restructuring costs of $90,000 during the year.

Required:
Prepare a 2016 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 40%. Ignore EPS disclosures.

Answers

Answer:

Net income = $873,000

Explanation:

The 2016 income statement for Esquire is seen below;

Esquire Comic Book Company

Income statement for the year ended, 2016

Income from continuing operations

Operating income

$1,350,000

Restructuring costs

($90,000)

Income from continuing operations

$1,260,000

Income(loss) from discontinued operation

Loss on disposal of discontinued operation

($375,000)

Add: Income from discontinued operation

$570,000

Net income(loss) from discontinued operation

$195,000

Income before tax = $1,260,000 + $195,000 = $1,455,000

Income tax expense = $1,455,000 × 40% = $582,000

Net income = $1,455,000 - $582,000 = $873,000

The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at business.uschamber/tools/bankre_m.asp. Hanna Lind just received her bank statement notice online. She wants to reconcile her checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of $715. Her bank statement reflects a balance of $1,386. Checks outstanding are No. 2146, $53; No. 2148, $93; No. 2152, $178; and No. 2153, $490. Deposits in transit are $122 and $77. There is a $18 service charge and $9 ATM charge in addition to notes collected of $68 and $15.
Prepare Hanna’s bank reconciliation.

Answers

Answer:

Hanna’s bank reconciliation Statement.

Balance as per Bank Statement                           $1,386

Add Outstanding Lodgments :

Lodgments ($122 + $77)                                          $199

Less Unpresented Checks :

No. 2146,                                                  $53

No. 2148,                                                  $93

No. 2152,                                                  $178

No. 2153,                                                  $490       ($814)

Balance as per Cash Book                                       $771

Explanation:

The Bank Reconciliation Statement is used to provide an accurate cash balance figure and is prepared as above.

A company had the following transactions during the year: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid wages expense of $120,000. 3. Acquired land by issuing common stock of par value $1,000,000. 4. Declared and paid a cash dividend of $20,000. 5. Sold a long-term investment (cost $6,000) for cash of $6,000. 6. Recorded cash sales of $800,000. 7. Bought inventory for cash of $320,000. 8. Acquired an investment in another company's stock for cash of $42,000. 9. Converted bonds payable to common stock in the amount of $1,000,000. 10. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by investing activities

Answers

Answer:

Net cash provided by investing activities determination

Explanation:

Investing Activities involve the Sourcing of Capital and repayment of the Capital and Return to Holders of Sources of Finance.

Thus, Consider events which Source Capital (Involving Cash) and providing repayment of the Capital and Return to Holders of Sources of Finance.

It costs Sheridan Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 1700 scales at $15 each. Garner would incur special shipping costs of $1 per scale if the order were accepted. Sheridan has sufficient unused capacity to produce the 1700 scales. If the special order is accepted, what will be the effect on net income

Answers

Answer:

$3,400 Increase

Explanation:

Computation to determine what will be the effect on net income

Using this formula

Effect on net income = Units ordered * (Special price - Variable cost)

Let plug in the formula

Effect on net income = 1700 * [$15- ($12+$1)]

Effect on net income = 1700 * ($15 -$13)

Effect on net income = 1700 *$2

Effect on net income = $3,400 Increase

Therefore If the special order is accepted, what will be the effect on net income will be $3,400 Increase

The City of Oxbow General Fund has the following net resources at year-end:
$250,000 unexpended proceeds of a state grand required by law to be used for health education.
$10,000 of prepaid insurance.
$600,000 rainy day fund approved by city council for use under specified circumstances.
$200,000 budget stabilization fund to be used in the event of revenue shortfall.
$275,000 provided for contractual obligations for capital projects.
$26,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.
$1,622,000 total fund balance.
Prepare the fund balance section of the balance sheet.

Answers

Answer:

$1,622,000

Explanation:

Preparation of the fund balance section of the balance sheet.

Partial Balance Sheet-General Fund

As of December 31

FUND BALANCES SECTION OF THE BALANCE SHEET

Nonspendable:

Prepaid Insurance $10,000

Restricted:

Intergovernmental Grants $250,000

Emergency services $26,000

Committed:

Rainy Day Fund $600,000

Capital Projects $275,000

Assigned:

Unassigned $461,000

TOTAL fund balance $1,622,000

Therefore the fund balance section of the balance sheet will be $1,622,000

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