______ facilitate the transfer of financial assets among individuals, institutions, business, and governments

Answers

Answer 1

Answer:

Financial markets

...hope this helpss weeepeee :)

Answer 2

Answer:

ANSWER financial markets

Explanation:

a. the study of how individuals, institutions, governments, and businesses acquire, spend, and... c. financial markets that facilitate the transfer of.


Related Questions

On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 5,694,713 1 213,000 227,789 14,789 5,709,502 2 213,000 228,380 15,380 5,724,882 3 213,000 228,995 15,995 5,740,877 4 213,000 229,635 16,635 5,757,512 5 213,000 230,300 17,300 5,774,812 6 213,000 230,992 17,992 5,792,804 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 213,000 276,119 63,119 6,966,089 39 213,000 278,644 65,644 7,031,733 40 213,000 281,267 68,267 7,100,000 Required: 1. What is the face amount of the bonds

Answers

Answer:

1. $7,100,000

2. $5,694,713

3. 20 years

4. Effective interest method

5. 6%

6. 8%

7. $8,520,000

8. $9,925,287

Explanation:

1. Based on the information given the FACE AMOUNT of the bonds will be the Ending outstanding balance of $7,100,000

Therefore the face amount of the bonds is $7,100,000

2. Based on the information given the INITIAL SELLING PRICE of the bonds will be the beginning Outstanding balance of $5,694,713

Therefore Initial Selling Price of the bonds is $5,694,713

3. Calculation to determine the term to maturity in years

Term to maturity=40 years/2 (Semi annually)

Term to maturity=20 years

Therefore the term to maturity in years is 40 years

4. Interest is determined by EFFECTIVE INTEREST METHOD approach

5. Calculation to determine the stated annual interest rate

Annual interest rate=$213,000/$7,100,000*2

Annual interest rate=6%

Therefore the stated annual interest rate is 6%

6. Calculation to determine effective annual interest rate

Effective Annual interest rate=$227,789/$5,694,713*2

Effective Annual interest rate=8%

Therefore effective annual interest rate is 8%

7. Calculation to determine the total cash interest paid over the term to maturity

Total cash interest paid=$213,000*40

Total cash interest paid=$8,520,000

Therefore the total cash interest paid over the term to maturity is $8,520,000

8. Calculation to determine the total effective interest expense recorded over the term to maturity

Effective interest expense=$8,520,000+($7,100,000-$5,694,713)

Effective interest expense=$8,520,000+$1,405,287

Effective interest expense=$9,925,287

Therefore the total effective interest expense recorded over the term to maturity is $9,925,287

The competitive industry of children's pajamas is in long-run equilibrium when a new government safety regulation raises the average cost of children's pajamas by $2 per pair. If this is a constant cost industry, then what happens to the price of children's pajamas in the long run?

Answers

Answer:

Long-run profits will remain the same.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A security with only diversifiable risk has an expected return that exceeds the riskfree rate of return

Answers

State whether the following is inconsistent with an efficient capital market, the CAPM, or both:

Security with only diversifiable risk has an expected return that exceeds the riskfree rate of return

Answer:

This statement is inconsistent with both.

Explanation:

The statement made in the question is inconsistent with both the Capital Asset Pricing Model (CAPM) and an efficient capital market because both models state that the cost of capital depends only on systematic risk or non-diversifiable risk. Thus the statement contradicts the models of the CAPM and Efficient Capital Market.

Which of these conditions signals that it is likely time to update or eliminate a
stock option program?

A. The company has a large number of shares.
B. Employees regularly use their stock options.
C. The value of stock is stable.
D. Stock option record keeping is up to date.

Answers

Answer:

D

Explanation:

when the record is updated,

Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May I, an additional 9,000 shares of common stock were issued. On July I, 6,000 shares of common stock were acquired for the treasury. On September I, the 6,000 treasury shares of common stock were issued. The preferred stock has a $4 per-share dividend rate, and each share may be converted into two shares of common stock. Soliman Corporation's 2018 net income is $230,000.

Required:
a. Compute earnings per share for 2018.
b. Compute diluted earnings per share for 2018.

Answers

Answer and Explanation:

The computation of the earning per share and the diluted earning per share is as follows;

a. The earning per share is

= (Net income - Preferred dividend) ÷ outstanding shares  

= ($230,000 - (5,000 × $4)) ÷ 30,000 shares

= $210,000 ÷ 30,000 shares

= $7 per share

b. The diluted earning per share is

= Earnings ÷ outstanding shares

= $230,000 ÷ (30,000 + (5,000 × 2)

= $5.75 per share

The 30,000 shares come from

Period            Outstanding shares      Fraction          outstanding shares

1-Jan-18 to 30-Apr-18 25000                 4 ÷12               8333.33

1-May-18 to 30-Jun-18 34000                 2÷ 12              5666.67

1-Jul-18 to 31-Aug-18    28000                 2 ÷ 12             4666.67

1-Sep-18 to 31-Dec-18  34000                  4 ÷ 12                11333.33

Weighted average outstanding shares                           30000

Bonita Corporation had net income of $1550000 and paid dividends to common stockholders of $400000 in 2017. The weighted average number of shares outstanding in 2017 was 387500 shares. Bonita Corporation's common stock is selling for $48 per share on the NASDAQ. Bonita Corporation's price-earnings ratio is

Answers

Answer:

16 times

Explanation:

Calculation to determine what Bonita Corporation's price-earnings ratio is

Price-earnings ratio= ($1550000 -$400000)/387500

Price-earnings ratio=$1,150,000/387500

Price-earnings ratio=2.97

Price-earnings ratio= 48/2.97

Price-earnings ratio=16 times

Therefore Bonita Corporation's price-earnings ratio is 16 times

assume a company uses the weighted average method in its processing costing august 1 balance 62000 and materials 310,000 consisted of 6000 units with 40500 in materials during august 48000 units were installed into production consisted of 8000 units that were 100% with respect to mateirals the materials cost included in the refining departement ending work in process inventory is closest to

Answers

Answer:

see explanation

Explanation:

Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.

Step 1 : Determine the Total Materials Cost

Total Materials Cost

Opening WIP cost                                      $310,000

Costs added during the period                  $40500

Total                                                           $350,500

Step 2 : Total Equivalent units for materials

Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.

Step 3 : Unit equivalent cost for materials

Unit equivalent cost = Total Cost ÷ Total equivalent units

Step 4 : ending work in process inventory cost

Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials

Betsy Union is the Pika Division manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Pika Division is $46,000. Its current operating assets total $210,000. The division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual depreciation of $10,000. If the equipment is purchased, what will happen to the return on investment for the division

Answers

Answer:

Pika Division

Betsy Union

The return on investment will reduce from 21.9% to 18.4%.

Explanation:

a) Data and Calculations:

Current controllable margin = $46,000

Current operating assets = $210,000

Current return on investment = $46,000/$210,000 * 100 = 21.9%

Increase in sales as a result of the new equipment = $10,000

Increase in depreciation = $10,000

Operating assets after the purchase of the new equipment = $250,000 ($210,000 + $40,000)

Future controllable margin = $46,000 ($46,000 + $10,000 - $10,000)

Future return on investment = $46,000/$250,000 * 100

= 18.4%

Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments. In 2021, Isaac had $676 million in sales of this type. Scheduled collections for these sales are as follows:

2021 $83 million
2022 137 million
2023 129 million
2024 162 million
2025 165 million
$676 million

Assume that Isaac has a 25% income tax rate and that there were no other differences in income for financial statement and tax purposes.

Required:
What deferred tax liability would Isaac report in its year-end 2021 balance sheet?

Answers

Answer:

$148.3 million

Explanation:

Calculation to determine the deferred tax liability that Isaac would report in its year-end 2021 balance sheet

Using this formula

Deferred tax liability=Total future taxable income × Tax rate

Let plug in the formula

Deferred tax liability=(2022 137 million+2023 129 million+2024 162 million+2025 165 million)*25%

Deferred tax liability=$593 million*25%

Deferred tax liability=$148.3 million

Therefore the deferred tax liability that Isaac would report in its year-end 2021 balance sheet is $148.3 million

If the currency in circulation is $500 billion, the required reserve ratio is 5 percent, checkable deposits are $700 billion, and excess reserves total $10 billion, then the money multiplier for the M1 is

Answers

Answer:

2.35

Explanation:

The computation of the money multiplier for the M1 is shown below:

As we know that

Money supply(M1) = Currency in circulation + Checkable deposits

M1 money supply is = $500 billion + $700 billion

= $1,200 billion  

Now the M1 money multiplier is  

We know that  

Money multiplier = Money supply ÷ Monetary base

where,

Monetary base = Currency in circulation + Bank excess reserves

 = $500 billion + $10 billion

= $510 billion  

We know that,

Money multiplier = Money supply ÷ Monetary base

= $1,200 ÷ $510

= 2.35

When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,500. What was the annual rate of return on this account

Answers

Answer:

10.94%

Explanation:

Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

Under FINRA rules, if a member suspects that a senior citizen is being financially exploited: A a freeze can be placed on all disbursements from the account for up to 10 business days B a freeze can be placed for up to 10 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements C a freeze can be placed on all disbursements from the account for up to 15 business days D a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements Review

Answers

Answer: D. a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements

Explanation:

Under FINRA rules, if a member suspects that a senior citizen is financially exploited, the following can occur:

• a freeze can for up to 15 business days can be placed on the suspicious disbursement.

• Another 10 days can be added in case if the review of a member is supported.

• The disbursements will be from the account, but not on the other non-suspicious disbursements.

Therefore, based on the above, the correct option is D.

A corporation has issued $100 par, 8% convertible preferred stock, callable at par. The preferred is convertible into 1.4 shares of common stock. Currently, the preferred stock is trading at $105 while the common stock is trading at $72.75. The corporation calls the preferred stock at par. To realize the largest profit, a customer holding 100 shares of preferred stock should:

Answers

Answer:

The should sell short all the common stock and thereby convert the preferred stock for delivery in order to cover the short

Explanation:

Based on the information given in order to To realize the largest profit, a customer that purchased 100 shares at par should sell short all the COMMON STOCK and thereby convert the PREFERRED STOCK for delivery in order to cover the all short of the common stock.

Tradable permits are likely to result in less inefficiency, relative to a pollution tax, when ... a. the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable. b. the marginal costs of damages are steep and the marginal costs of pollution reduction are steep. c. the marginal costs of damages are relatively stable and the marginal costs of pollution reduction are relatively stable. d. the marginal costs of damages are relatively stable and the marginal costs of pollution reduction are steep. e. the marginal costs of damage are elastic and the marginal costs of pollution reduction are also elastic.

Answers

Answer:

a. the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, an offset trading is a strategic program that allows emerging business firms to pay existing business firms in order to significantly reduce their emissions or pollutants below a specific standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

A pollution tax can be defined as a type of tax imposed on business firms that causes pollution and damages to the environment. It is also referred to as Pigovian tax which is a tax on goods with negative externality.

Hence, tradable permits when compared with pollution tax are likely to result in less inefficiency, when the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

a. A new operating system for an existing machine is expected to cost $616,000 and have a useful life of six years. The system yields an incremental after-tax income of $180,000 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $40,000.
b. b. A machine costs $440,000, has a $32,000 salvage value, is expected to last eight years, and will generate an after-tax income of $90,000 per year after straight-line depreciation. Assume the company requires a 12% rate of return on its investments.

Required:
Compute the net present value of each potential investment.

Answers

Answer:

a. Net present value = $539,013.67

b. Net present value = $273,361.47

Explanation:

a. A new operating system for an existing machine is expected to cost $616,000 and have a useful life of six years. The system yields an incremental after-tax income of $180,000 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $40,000.

Annual depreciation = (Expected machine cost – Predicted salvage value) / Number of useful life = ($616,000 - $40,000) / 6 = $96,000

Annual cash inflows = Annual incremental after-tax income + annual depreciation = $180,000 + $96,000 = $276,000

Present value of the annual cash inflow = Annual cash inflows * ((1 - [1 / (1 + required rate of return)]^Number of years) / required rate of return) = $276,000 * ((1 - [1 / (1 + 0.12)]^6) / 0.12) = $276,000 * 4.11140732352233 = $1,134,748.42

Present value of predicted salvage value = Predicted salvage value / (1 + required rate of return)^Number of years = $40,000 / (1 + 0.12)^6 =  $20,265.24

Net present value = Present value of the annual cash inflow + Present value of predicted salvage value - Expected machine cost) = $1,134,748.42 + $20,265.24 - $616,000 = $539,013.67

b. A machine costs $440,000, has a $32,000 salvage value, is expected to last eight years, and will generate an after-tax income of $90,000 per year after straight-line depreciation.

Annual depreciation = (Machine cost – Salvage value) / Number of useful life = ($440,000 - $32,000) / 8 = $51,000

Annual cash inflows = Annual incremental after-tax income + annual depreciation = $90,000 + $51,000 = $141,000

Present value of the annual cash inflow = Annual cash inflows * ((1 - [1 / (1 + required rate of return)]^Number of years) / required rate of return) = $141,000 * ((1 - [1 / (1 + 0.12)]^8) / 0.12) = $141,000 * 4.96763976683859 = $700,437.21

Present value of salvage value = Salvage value / (1 + required rate of return)^Number of years = $32,000 / (1 + 0.12)^8 = $12,924.26

Net present value = Present value of the annual cash inflow + Present value of salvage value - Machine cost) = $700,437.21 + $12,924.26 - $440,000 = $273,361.47

The following data for the current year ended June 30 are from the accounting records of Zanadu Co.:
Administrative expenses $28,750
Cost of goods sold 181,440
Interest expense 3,600
Rent revenue 1,500
Sales 534,440
Selling expenses 65,000
Required:
Prepare a multiple-step income statement for the year ended June 30. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Be sure to complete the statement heading.
Income Statement
Prepare a multiple-step income statement for the year ended June 30. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Be sure to complete the statement heading.
Zanadu Co.
Income Statement
1
2
3
4
5
6
7
8
9
10
11
12

Answers

Answer:

Zanadu Co.

Multiple-step Income Statement for the year ended June 30

Sales Revenue                  $534,440

Cost of goods sold               181,440

Gross profit                      $353,000

Rent revenue                          1,500

Administrative expenses    28,750

Selling expenses                65,000

Total operating expenses (93,750)

Operating income          $260,750

Interest expense                  (3,600)

Income before taxes       $257,150

Income taxes (30%)             (77,145)

Net income                      $180,005

Explanation:

a) Data and Calculations:

Administrative expenses $28,750

Cost of goods sold 181,440

Interest expense 3,600

Rent revenue 1,500

Sales 534,440

Selling expenses 65,000

b) A 30% income tax has been assumed for this question.

The "Danger Zone" is between what temperature range?

Answers

Answer:

41-135

Explanation:

Hello, there mate! The answer to this question is 41 - 135. In between these temperatures, bacteria flourishes the most. The ServSafe food guide states that the Danger Zone is 41 - 135 degrees, so you should not cook or store poultry or other foods in these temperatures. When you cook, it should be above 140, and when you freeze, it should be below 41. I hope I helped.

Assume the total cost of a college education will be $184,061 when your child enters college in 19 years. You presently have $49,327 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Enter answer as 3 decimal places (e.g. 0.123)

Answers

Answer:

Interest rate = 0.9313

Explanation:

Future value or the cost of edcuation after 19 years = $184061

Present value, money in hand at present = $49327

Time period, n = 19

Future value = Present value (1 + r)²

184061 = 49327 (1 + r )²

(1 + r )² = 184061 ÷ 49327

(1 + r )² = 3.73

(1 + r) = √3.73

(1 + r) = 1.9313

r = 1.9313 - 1

r = 0.9313

Or Interest rate = 0.9313

In the Marigold, maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance costs are $300. At the high level of activity (300 direct labor hours), maintenance costs are $1650. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost

Answers

Answer:

Results are below.

Explanation:

To calculate the variable and fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,650 - 300) / (300 - 40)

Variable cost per unit= $5.1923

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,650 - (5.1923*300)

Fixed costs= $92.31

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 300 - (5.1923*40)

Fixed costs= $92.31

Urgent help needed. Thanks in advance.

Answers

Answer:

take a clear photo pls

Explanation:

Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the break-even point in units and sales dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 354,000 / (175 - 116)

Break-even point in units= 6,000

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 354,000 / (59 / 175)

Break-even point (dollars)= $1,050,000

Now, the margin of safety and margin of safety rate:

Margin of safety= (current sales level - break-even point)

Margin of safety= (10,000*175) - 1,050,000

Margin of safety= $700,000

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 700,000 / 1,750,000

Margin of safety ratio= 0.4= 40%

On January 1, a machine with a useful life of 4 years and a salvage value of $20000 was purchased for $84000. What is the depreciation expense for year 2 under straight-line depreciation

Answers

Answer:

Annual depreciation (2nd year)= $16,000

Explanation:

Giving the following information:

Purchase price= $84,000

Salvage value= $20,000

Useful life= 4 years

To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= (Purchase price - salvage value)/estimated life (years)

Annual depreciation= (84,000 - 20,000) / 4

Annual depreciation= $16,000

Determine the current yield on a corporate bond investment that has a face value of $1,000, pays 8 percent, and has a current price of $940.

Answers

Answer:

8.5%

Explanation:

Calculation to Determine the current yield on a corporate bond investment

First step

Amount of annual interest

=Face value × Interest rate

=$1,000 × 0.08

=$80

Now let calculate the Current yield

Current yield =Annual interest amount / Current price

=$80/ $940

=0.085, or 8.5%

Therefore the current yield on a corporate bond investment is 8.5%

Somebody please help me with Game Design I can’t take it anymore I’m stressed bro



1. make the game world more engaging or In what way can audio design for both sound and music intersect with GUI design?



2. Think about a game you’ve played with effective sound effects or a game you’d like to design. Propose or identify how that game used sound to:

a. give feedback to the player;

b. give hints about upcoming events; and

c. make the game world more engaging or immersive.

Answers

Answer:

i dont know

Explanation:

A stock has a beta of 1.5 and an expected return of 16.35%. What is the risk-free rate if the market rate of return is 12.5%

Answers

Answer:

4.8%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

16.35% = r + 1.5(12.5 - r)

16.35% = r + 18.75 - 1.5r

2.4 =0.5r

r = 4.8%

Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 45,000 for January, 55,000 for February, and 50,000 for March. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows. Commissions 8 % of sales dollars Rent $ 14,000 per month Advertising 15 % of sales dollars Office salaries $ 75,000 per month Depreciation $ 40,000 per month Interest 5 % annually on a $250,000 note payable Tax rate 30 % Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.)

Answers

Answer:

Fortune, Inc.

Budgeted Income Statement for the first quarter

Sales Revenue                    $3,750,000

Cost of goods sold                2,100,000

Gross profit                         $1,650,000

Expenses

Sales commission                   300,000

Rent                                           42,000

Advertising                             562,250

Office salaries                        225,000

Depreciation                           120,000

Interest                                        3,125

Total expenses                 $1,252,375

Income before tax              $397,625

Tax (30%)                                119,288

Net income                         $278,337

Explanation:

a) Data and Calculations:

Selling price per unit = $25

                                       January       February         March          Total

Sales (in units)                 45,000        55,000         50,000       150,000

Sales revenue           $1,125,000 $1,375,000  $1,250,000  $3,750,000

Cost of goods sold       630,000     770,000       700,000     2,100,000

Gross profit                $495,000   $605,000    $550,000  $1,650,000

Expenses:

Sales commission        $90,000    $110,000     $100,000    $300,000

Rent expense                  14,000        14,000         14,000         42,000

Advertising expense    168,750     206,250       187,500      562,250

Office salaries                75,000       75,000        75,000      225,000

Depreciation                  40,000       40,000        40,000       120,000

Interest expense                                                                           3,125

Total expenses                                                                   $1,252,375

Income before tax                                                                $397,625

Tax (30%)                                                                                  119,288

Net income                                                                           $278,337

Dakota Company has four customers: A, B, C, and D. The accounts receivable balance in the general ledger is $9,083 and the accounts receivable subsidiary ledger of customers A, C, and D have $1,746, $3,296, and $3,940, respectively. Calculate the amount in the accounts receivable subsidiary ledger account of customer B.

Answers

Answer:

$101

Explanation:

Calculation to determine the amount in the accounts receivable subsidiary ledger account of customer B.

Using this formula

Customer B accounts receivable amount=Accounts receivable balance- A,C ,D Accounts receivable subsidiary ledger

Let plug in the formula

Customer B accounts receivable amount=$9,083-$1,746-$3,296- $3,940

Customer B accounts receivable amount=$101

Therefore the amount in the accounts receivable subsidiary ledger account of customer B is $101

A project requires a cost in Year O (right now) of $7M. The project will then provide a revenue of $3M per year for Years 1-3. Your discount rate is 15%. The NPV of the project is: Between 0 and $1M Less than zero Between $1M and $2M O More than $2M

Answers

Answer: Less than zero

Explanation:

Based on the information given, the NPV of the project will be calculated as the present value of cash flow earned minus the initial expenditure.

The present value of cash flow will be:

= 3/(1 + 15%)¹ + 3/(1 + 15%)² + 3/(1 + 15%)³

= 3/(1.15)1 + 3/(1.15)² + 3/(1.15)³

= 3/1.15 + 3/1.3225 + 3/1.520875

= 2.61 + 2.27 + 1.98

= $6.86 million

Then NPV will be:

= $6.86 million - $7 million

= -$1.14 million

Therefore, the correct option is "less than zero".

A sum of $5,000 is invested for five years with varying annual interest rates of 9%, 8%, 12%, 6%, and 15%, respectively (for example, in the first year 9% interest is accrued and 8% in the second year and so on). The future amount after 5 years is equal to ____________.

Answers

Answer:

The future amount after 5 years is equal to $8,036.04.

Explanation:

This can be calculated using the future value (FV) formula as follows:

FV after 1 year = Invested amount * (100% + Year 1 interest rate)^Number of year = $5,000 * (100% + 9%)^1 =  $5,450.00

FV after 2 years = FV after 1 year * (100% + Year 2 interest rate)^Number of year = $5,450 * (100% + 8%)^1 = $5,886.00

FV after 3 years = FV after 2 years * (100% + Year 3 interest rate)^Number of year = $5,886 * (100% + 12%)^1 = $6,592.32

FV after 4 years = FV after 3 years * (100% + Year 4 interest rate)^Number of year = $6,592.32 * (100% + 6%)^1 = $6,987.86

FV after 5 years = FV after 4 years * (100% + Year 5 interest rate)^Number of year = $6,987.86 * (100% + 15%)^1 = $8,036.04

Therefore, the future amount after 5 years is equal to $8,036.04.

Note: The number of year used in each of the calculation above is 1 because the interest was changing after one year.

1. Why are fewer customers entering local bank branches?(Select all that apply)
Mobile phone apps
Online banking
Due to the sophistication of ATM machines
Limited branch hours


2. What type of business are banks relying on to maintain the “brick-and-mortar” branches.
A. New accounts and loans
B. Account transfers
C. Cash withdrawals
D. Check deposits


3. What is the primary reason a consumer needs to walk into a bank branch?
A. Withdraw funds
B. Make a deposit
C. Open a new account
D. Transfer funds


Answers

Answer:

2.a. new account and loans, 3. b. make a deposit

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