Answer and Explanation:
The computation is shown below:
Given that,
Price = $97.75
Time = 182 days
Face value = $100
Based on the above information
1) bank discount rate is
= (Face value - price) ÷ Face value × 365 / Time
= ($100 - $97.75) ÷ 100 × (365 / 182)
= 0.0225 × 2.005494
= 0.0451 (or) 4.51%
2) equivalent yield to maturity
= (Face value ÷ price)^365 ÷ Time - 1
= ($100 ÷ $97.75)^365 ÷ 182 -1
= 0.04669 (or) 4.66%
A dam is being built that will cost $500,000. The dam will cost $20,000 per year to operate and will require a maintenance expense of $30,000 every other year beginning two years from now. The dam is expected to last 30 years. If interest is 12%, calculate the capitalized cost. This is the present equivalent assuming the dam will need to last forever.
Answer:
multiplicado todas la cantidades y ese es el resultado
Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. I am buying a firm with an expected perpetual cash flow of $2,000 but am unsure of its risk. If I think the beta of the firm is 0.8, when in fact the beta is really 1.6, how much more will I offer for the firm than it is truly worth
Answer:
The correct solution is "$6,564.01". A further solution is given below.
Explanation:
The given values are:
beta,
= 1.6
market return,
= 15%
cash flow,
= $2,000
risk free rate of interest,
= 3%
Now,
The stock return will be:
= [tex]3+ 1.6\times (15-3)[/tex]
= [tex]3+ 1.6\times 12[/tex]
= [tex]22.2 \ percent[/tex]
The actual worth of the firm will be:
= [tex]\frac{cash \ flow}{rate \ of \ return}[/tex]
= [tex]\frac{2000}{22.2 \ percent}[/tex]
= [tex]\frac{2000}{0.222}[/tex]
= [tex]9,009[/tex]
With 0.8 beta, the stock return will be:
= [tex]3+ 0.8\times (15-3)[/tex]
= [tex]3+ 0.8\times 12[/tex]
= [tex]12.6 \ percent[/tex]
So that I'm paying for the firm,
= [tex]\frac{2000}{12.6 \ percent}[/tex]
= [tex]\frac{2000}{0.126}[/tex]
= [tex]15,573.01[/tex] ($)
Hence,
I'm paying,
= [tex]15,573.01-9,009[/tex]
= [tex]6,564.01[/tex] ($)
XYZ Inc. has a facility with six departments (A, B, C, D, E, and F). A summary of the processing sequence for 10 products and the weekly production forecasts for the products are given in the tables below. a. Develop the from-to chart based on the expected weekly production. b. Develop a block layout using SL
Answer:
hello your question is incomplete attached below is the complete question
answer : attached below
Explanation:
A) develop the from-to chart based on expected weekly production
Firstly we calculate the production quantity processed
i) Qab = 960 + 1200 + 720 + 2400 + 480 + 2400 + 3000 + 960 + 1200 = 13320
ii) Qbd = 2400 + 3000 + 1200 = 6600
B) calculate the values to be entered in cells of table attached below (develop a block layout using SLP )
Cell bc = 11400 + 6600 = 18000
Cell bd = 6600 + 3000 = 9600
Cell be = 4920 + 5400 = 10320
Cell cd = 2400 + 1200 = 3600
Cell ce = 4200 + 7800 = 12000
Cell df = 960 + 1200 = 2160
What would cause a shift of demand curve for snickers bars
Jane's Donut Co. borrowed $200,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Group of answer choices $50,880. $0. $24,000. $48,000.
Answer:
$24,000
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $200,000 × 12%
= $24,000
We simply multiplied the borrowed amount with the rate of interest so that the interest expense could come
hence, the third option is correct
A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $10,000 must be paid out to a beneficiary, and the account liquidated at the end of year four. If the liquidation value is $100,000, the account has earned an annual internal rate of return of ___________%. (percent, rounded three places after the decimal)
Answer:
14.06%
Explanation:
Assume their is a cash out flow today of $100000, and next four year annual cash inflow of 10000 and 120000 at the end of year 4.
We can use IRR formula to find the interest rate.
year cashflow
0 -100000
1 10000
2 10000
3 10000
4 130000
IRR 14.06%
The calculation has been done on excel sheet
John, who has just completed his first finance course, is unsure whether he should take a course in business analysis and valuation using financial statements, since he believes that financial analysis adds little value, given the efficiency of capital markets. Explain to John when financial analysis can add value, even if capital markets are efficient.
Answer:
Following are the solution to the given question:
Explanation:
The financial analysis allows you to understand the strong a corporation's finances throughout the study of capital markets, which's very helpful. Mercedes typically produce short-term misprice for resources as well as the returns are created by an investor/fund manager. These gains also are called Alpha. Economic analysis shows whether an organization handles its money. Economic reporting in project management is useful to recognize its competitive edge of a capital market business and, ultimately, that company(asset) sells efficiently over a lengthy sector.
On January 1, Mitzu Co. pays a lump-sum amount of $2,750,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $796,500, with a useful life of 20 years and a $75,000 salvage value. Land Improvements 1 is valued at $413,000 and is expected to last another 14 years with no salvage value. The land is valued at $1,740,500. The company also incurs the following additional costs. Cost to demolish Building 1 $ 346,400 Cost of additional land grading 193,400 Cost to construct Building 3, having a useful life of 25 years and a $398,000 salvage value 2,262,000 Cost of new Land Improvements 2 having a 20-year useful life and no salvage value 168,000 Problem 8-3A Part 2 2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1.
Answer:
January 1, 202x
Dr Land 2,162,109
Dr Building 2, 742,626
Dr Building 3, 2,262,000
Dr Land improvement 1, 385,065
Dr Land improvement 2, 168,000
Cr Cash 5,719,800
Explanation:
total purchase cost $2,750,000
Building 2 = $796,500
Land improvement 1 = $413,000
Land = $1,740,000
total = $2,949,500
proportional purchase cost building 2 = $2,750,000 x $796,500/$2,949,500 = $742,626
proportional purchase cost land = $2,750,000 x $1,740,000/$2,949,500 = $1,622,309
proportional purchase cost land improvements 1 = $2,750,000 x $416,000/$2,949,500 = $385,065
additional costs to land = $346,400 + $193,400 = $539,800
additional building 3 = $2,262,000
additional land improvement 2 $168,000
January 1, 202x
Dr Land 2,162,109
Dr Building 2, 742,626
Dr Building 3, 2,262,000
Dr Land improvement 1, 385,065
Dr Land improvement 2, 168,000
Cr Cash 5,719,800
Andriana Rodriguez is applying for a loan. As she is filling out the paperwork, she comes across a question about her age, which Andriana does not fill in.
Which consumer protection law best supports Andriana's decision to leave this field blank?
- the Equal Credit Opportunity Act (ECOA)
- the Home Mortgage Disclosure Act (HMDA)
- the Truth in Lending Act (TILA)
- the Truth in Savings Act (TISA)
Answer:
ECOA
Explanation:
ECOA Prohibits discrimination based on age (provided they have the capacity to contract)
As you develop your personal marketing plan and career strategy, it is important that you look at ways to match your strengths with careers that will be rewarding financially and personally. Four common jobs that new marketing graduates begin their career in are pricing analyst, fleet manager, salesperson, and event coordinator. Each of these provides an opportunity for a great job and career in marketing. In addition, each requires specific skills that, if developed, will help make graduates in each of these roles successful. Match the specific skills to the job where they are most important. As you do so, think about how your talents and abilities might make you a perfect candidate for one or more of these jobs.
Answer:
1. Superior Listening Skills - Sales person
2. Excellent organizational skills - Event Coordinator
3. Strong quantitative skills - Pricing analyst
4. Good researcher, comfortable scanning the environment - Sales person
5. Time management skills - Event coordinator
6. Patience - Sales person
7. Terrific persuasion skills - Sales person
8. Excellent Vehicle knowledge. - Fleet manager
Explanation:
There are various careers which are suitable for marketing graduates. The four most common career choices by marketing graduates are listed in the scenario. Skills which are required for a sales person is that he must be calm and able to deal with the customers. He should be persuasive in nature so that he ends up the meeting with customers positively. Event manager has to be patient as well as he must have time management skills. It is responsibility of the event manager to organize the event and follow the timelines.
Almost all union members pay dues. A union member has $5.50 deducted from his paycheck each week for union dues, and has done so for 10 years. Then his company went on strike and he received union benefits of $4,000. How much money did the union
worker gain or lose as a result of receiving benefits but also factoring in paying dues
1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (FIFO) under a perpetual inventory system. 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LIFO) under a periodic inventory system. (Assume beginning inventory under LIFO was 28,000 units with a cost of $13.40). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year. 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $18,000.
Answer:
1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (FIFO) under a perpetual inventory system
FIFO 1.226.400
Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LIFO) under a periodic inventory system. (Assume beginning inventory under LIFO was 28,000 units with a cost of $13.40
LIFO 1.204.000
Explanation:
Jan. 1 Inventory on hand—28,000 units; cost $13.90 each.
Feb. 12 Purchased 78,000 units for $14.20 each.
Apr. 30 Sold 50,000 units for $21.70 each.
Jul. 22 Purchased 58,000 units for $14.50 each.
Sep. 9 Sold 78,000 units for $21.70 each.
Nov. 17 Purchased 48,000 units for $14.90 each.
Dec. 31 Inventory on hand—84,000 units.
FIFO
Begginnin inventory 28000 13.4 375200
Purchased 78000 14.2 1107600
Sold 50000
Sold 28000 13.4 375200
Sold 22000 14.2 312400
Inventory 56000 14.2 795200
Purchased 58000 14.5 841000
Sold 78000
Sold 20000 14.2 284000
Sold 58000 14.5 841000
Inventory 36000 14.2 511200
Purchased 48000 14.9 715200
Ending Inventory 84000
LIFO
Begginnin inventory 28000 13.4 375200
Purchased 78000 14.2 1107600
Sold 50000
Sold 50000 14.2 710000
Inventory 28000 13.4
Inventory 28000 14.2 397600
Purchased 58000 14.5 841000
Sold 78000
Sold 20000 14.2 284000
Sold 58000 14.5 841000
Inventory 28000 13.4 375200
Inventory 8000 14.2 113600
Purchased 48000 14.9 715200
Ending Inventory 84000 1204000
On June 30, Joanna Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $38,000; at retail $50,000; net sales $40,000; and ending inventory at retail $10,000. Compute the estimated cost of the ending inventory using the retail inventory method. The estimated cost of the ending inventory
Answer: 7600
Explanation:
The estimated cost of the ending inventory would be calculated as thus'
First, we have to calculate the cost to retail percentage which will be:
= cost/retail price
= 38000/50000
= 0.76
The cost of sales would be:
= net sales × cost to retail percentage
= 40000 × 0.76
= 30400
Then, the ending inventory would then be:
= 38000-30400
= 7600
The estimated cost of the ending inventory is $7,600.
First step
Cost to retail percentage= Cost/Retail price
Cost to retail percentage = 38000/50000
Cost to retail percentage = 0.76
Second step
Cost of sales= Net sales × Cost to retail percentage
Cost of sales= 40000 × 0.76
Cost of sales= 30400
Third step
Estimated cost of ending inventory=38,000-30,400
Estimated cost of ending inventory= 7,600
Inconclusion the estimated cost of the ending inventory is $7,600.
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Lisa is thinking about a career in Hospitality and Tourism. She has always wanted to run a small bed and breakfast. What area might have just the right economy for Lisa?
A. a concentrated manufacturing district
B. a farming community with chicken houses everywhere
C. a small town close to the beach
D. a cold, icy community in a rural area
Answer:
C
Explanation:
Answer:
C. a small town close to the beach
Explanation:
What are three sources that offer specialized information on records management?
Answer:
Organize a records management element in institutional information resource ... Render for sufficient data collection and information path and retrieval; ... and to demand justification for the acquisition of highly specific filing arrangements.
Explanation:
The dictionary incorporates the most significant archival sessions with specific meanings. ... or buying, historical matters from references outside the archival organization. ... DOCUMENT: Recorded information despite pattern or mechanism with three basic ... To build retention periods for prevailing records and provide for their proper ...
All of the following pairs of goods are substitutes except A. we observe the price of automobiles decreases and the demand for public transit decreases. B. we observe the price of bacon increases and the demand for eggs decreases. C. we observe the price of coffee increases and the demand for tea increases. D. we observe the price of tennis racquets decreases and the demand for golf clubs decreases.
Answer:
Option B: We observe the price of bacon increases and the demand for eggs decreases.
Explanation:
Substitute goods are a defined as goods that has near or a close replacement for each another that is the increase in price leads to an increase in demand for the goods. In substitute goods, price of one good and the quantity demanded of a related goods move in different (opposite) directions. Thus the answer of bacon and egg are as two goods are not substitutes.
A Common example of Substitute Goods includes; margarine and butter, turkey and chicken e. t. c.
what is the principal purpose of charging depreciation on non current assets
Answer:
Because of wear amd tear of am asset
An asset that has gone obsolete too
AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 230 pounds was $32,844, determined as follows:
Direct materials (230 x $132)$30,360
Conversion (230 x 60% x $18)2,484 $32,844
During May, the Casting Department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,530 pounds of finished castings to the Machining Department. The May 31 inventory in process was 44% complete as to conversion.
a. Prepare the following May journal entries for the Casting Department:
1. The materials charged to production
2. The conversion costs charged to production
3. The completed production transferred to the Machining Department
b. Determine the Work in Process—Casting Department May 31 balance.
c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (April).
Answer:
AccuBlade Castings Inc.
Casting Department
a. Journal Entries for:
1. The materials charged to production:
Debit WIP $350,000
Credit Raw materials $350,000
To record the cost of materials charged to production.
2. The conversion costs charged to production:
Debit WIP $49,600
Credit Direct Labor $19,840
Credit Manufacturing overhead $29,760
3. Debit Machining Department $402,827
Credit WIP $402,827
To record the transfer of completed units to the machining department.
b. Work-in-Process - Casting Department balance = $29,616
c. The change in the costs per equivalent unit for direct materials and conversion from April:
Direct Materials Conversion
April cost per equivalent unit $132.00 $18.00
May cost per equivalent unit $139.33 $19.89
Change in cost per equivalent unit $7.33 increase $1.89 increase
The cost per equivalent unit increased in both direct materials and conversion for May when compared to April's.
Explanation:
a) Data and Calculations:
Units
Beginning WIP 230
Started 2,500
Transferred 2,530
Ending WIP 200
Equivalent units of production:
Units Direct Materials Conversion
Transferred 2,530 2,530 (100%) 2,530 (100%)
Ending WIP 200 200 (100%) 88 (44%)
Total equivalent unit 2,730 2,618
Cost of production:
Direct Materials Conversion Total
Beginning WIP$30,360 (230*$132) $2,484 (230*60%*$18) $32,844
Started 350,000 (2,500*$140) 49,600 (2,500*$19.44) 399,600
Total costs $380,360 $52,084 $432,444
Cost per equivalent unit:
Direct Materials Conversion
Total costs $380,360 $52,084
Equivalent units 2,730 2,618
Cost per equivalent unit $139.33 $19.89
Allocation of production costs:
Direct Materials Conversion Total
Units transferred out $352,505(2,530*$139.33) $50,322 (2,530*$19.89) $402,827
Ending WIp 27,866(200*$139.33) $1,750 (88*$19.89) $29,616
Total costs $380,371 $52,072 $432,443
Name and describe three ways that companies can benefit from being ethical.
Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $42,000 to her employer's qualified pension fund, all of which was taxable when earned. She elects to receive her retirement benefits as an annuity of $4,200 per month for the remainder of her life. Click here to access Exhibit 4.1 and Exhibit 4.2. a. Assume that Pam retired in June 2019 and collected six annuity payments that year. What is her gross income from the annuity payments in the first year
Answer:
A. $24,000
B. $50,400
Explanation:
A. Calculation for her gross income from the annuity payments in the first year
First step is to calculate the exclusion per payment
Exclusion per payment= $42,000/210
Exclusion per payment= $200
Now let calculate her Gross income
Collections in 2019 $25,200
(6 annuity payments*$4,200)
Less Exclusion for capital recovery ($1,200)
(6 annuity payments*$200)
Gross income $24,000
($25,200-$1,200)
Therefore her gross income from the annuity payments in the first year will be $24,000
B. Calculation for her gross income from the annuity payments in the twenty-fourth year
Gross income=$4,200 × 12 annuity payments
Gross income= $50,400
Therefore her gross income from the annuity payments in the twenty-fourth year will be $50,400
If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $2,100,000
b. $2,060,000
c. $2,000,000
d. $1,940,000
The amount of cash received from the sale of $2 million bonds issued at 97% of face value is $1.94 million. The issue price is calculated by multiplying the face value by 97%, which is $1.94 million.
Hence, the correct option is (d).
To calculate the amount of cash received from the sale of $2,000,000 of 10% bonds issued at 97, we need to multiply the bond's face value by the percentage of the issue price.
The issue price is given as 97% of the face value. To find the issue price, we calculate:
Issue price = Face value x (97/100)
= $2,000,000 x (97/100)
= $1,940,000
Therefore, the amount of cash received from the sale is d. $1,940,000.
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As the use of the Internet grows around the world, there must be as easy an exchange of ideas and information as possible between countries. One important issue is opt-in versus opt-out. In general, European websites have opt-in policies while U.S. websites have opt-out policies. Opt-in means customers must ask to be involved in data collection and marketing while opt-out companies automatically include customers in data collection unless the customer specifically asks not to be included. Europeans believe it is unethical to invade someone's privacy. Americans are not nearly as protective of their right to privacy. What ethical factor is illustrated by this example
Answer: Societal culture and norms
Explanation:
Based on the information given, the ethical factor that is illustrated by this example is "societal culture and norms".
Culture simply refers to the way of life with regards to certain group of people. It has to do with the ideas, attitudes and the values that such people have in the group.
With culture, one can be able to make a distinction between rights from wrongs. Therefore, Europeans believing it is unethical to invade someone's privacy and Americans are not nearly as protective of their right to privacy has to do with societal culture and norms.
On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per share. For the previous year, Zack paid an annual dividend of $3.90 per share. Zack's gross revenues and net income was $5,000,000 and $2,500,000, respectively. The dividend yield for Zack Corporation would be:_________a) 8%.b) 0.8%.c) 39%.d) None of these choices are correct.
Answer:
8%
Explanation:
Dividend yield is a measure of business performance, used by investors which compares dividend paid by a stock to its market share.
Given the above information,
Dividend yield = $3.90/$48 × 100 = 8.13%
f the U.S. government were to ban imports of Canadian beef for reasons unrelated to health concerns, what would be the effect on the price of beef in the United States? How would the typical American’s diet change? What if the ban suggested to consumers that there might be health risks associated with beef?(Hint: Again, think about which curve(s) will shift and what would be the effect on price and quantities.)
Answer:
Following are the steps to the given question:
Explanation:
In step 1:
When the Us administration prohibits beef imports through Canada for health reasons, therefore the import and export of beef would affect beef availability, thereby dropping the cost of beef on an Us market, which will also raise.
In step 2:
Its impact on beef consumption would be less required mostly on the U.S. market as well as the degree for effective change depended on relative prices of beef consumption even Among consumers. If this is costly, then citizens may replace this with a lower-price substitute.
In step 3:
In Canada, the beef manufacturers have acquired beef stocks and therefore are selling in the Canadian market at a low price. If beef-related health effects are listed among explanations because of its ban this will deter consumers from eating very little on excess supply but will reduce demand by as much as previously.
Suppose the price elasticity of demand for heating oil is 0.1 in the short run and 0.9 in the long run.
a. If the price of heating oil rises from $1.20 to $1.80 per gallon, the quantity of heating oil demanded will by % in the short run and by % in the long run. The change is in the short run because people can respond easily to the change in the price of heating oil.
b. Why might this elasticity depend on the time horizon?
Answer: there is a 40% increase demand on a short run,
there is a 36.4% increase in demand on a long run
Elasticity depends on time horizon due to the possibility that oil substitutes might come into picture and people would prefer that over heated oil
Explanation:
Price elasticity in short run= 0.1
Price elasticity in long run = 0.9
For the short run, % change in demand would be; 0.1 = %change in demand÷ 1.8-1.2/ 1.2+1.8/2
0.1 = %change in demand/ 0.6/1.5
%change in demand = 0.4
So, there is a 40% increase demand on a short run
For 0.9, %change in demand = 0.9 × 0.6/ 1.5 = 0.36
So, there is a 36.4% increase in demand on a long run
b) Elasticity depends on time horizon due to the possibility that oil substitutes might come into picture and people would prefer that over heated oil
Determine the amount of the standard deduction allowed for 2020 in the following independent situations. In each case, assume that the taxpayer is claimed as another person's dependent. Amount of the Standard Deduction a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars.$fill in the blank 1 b. Mattie, age 18, has income as follows: $600 cash dividends from a stock investment and $4,700 from handling a paper route.$fill in the blank 2 c. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence.$fill in the blank 3 d. Ayla, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets.$fill in the blank 4 e. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting.$fill in the blank 5
Answer:
A. $12,000
B. $5,050
C. $1,150
D.$1,050
E. $5,150
Explanation:
a. Calculation to Determine the amount of the standard deduction allowed for 2020 for Curtis
2020 Standard deduction allowed =$12,600+$350
2020 Standard deduction allowed=$12,950
Based on the above calculation the Standard deduction allowed was $12,950 which is higher or Exceeded the 2020 standard deduction of the amount of $12,000 for a single taxpayer which means that the amount of the standard deduction allowed for 2020 for Curtis will be $12,000.
b. Calculation to Determine the amount of the standard deduction allowed for 2020 for Mattie
2020 Standard deduction allowed =$4,700+$350
2020 Standard deduction allowed=$5,050
Therefore the amount of the standard deduction allowed for 2020 for Mattie will be $5,050
c. Calculation to Determine the amount of the standard deduction allowed for 2020 for Jason
2020 Standard deduction allowed =$800+$350
2020 Standard deduction allowed=$1,150
Therefore the amount of the standard deduction allowed for 2020 for Jason will be $1,150
d. Calculation to Determine the amount of the standard deduction allowed for 2020 for Ayla
Based on the information given the amount of the standard deduction allowed for 2020 for Ayla will be the amount of $1,050 reason been that the 2020 standard deduction allowed for for Ayla cannot in any way exceed the amount of $1,150 or $850 which is Calculated as ($500+$350)
Therefore the amount of the standard deduction allowed for 2020 for Ayla will be $1,050
e. Calculation to Determine the amount of the standard deduction allowed for 2020 for Sarah
2020 Standard deduction allowed =$3,200+$350+$1,600
2020 Standard deduction allowed=$5,150
Note that the amount of $1,600 represent the standard additional deduction.
Therefor thee amount of the standard deduction allowed for 2020 for Sarah will be $5,150
Your company manufactures and sells a variety of personal care products such as hair dryers and curling irons. Every hair dryer is properly labeled and contains safety precautions against misuse. Patrick purchases an SF9000 hair dryer from your company website. After a month of use where the hair dryer functions properly, Patrick accidentally drops it in water causing him an electric shock. Patrick sues your company for breach of the implied warranty of merchantability. Discuss whether the implied warranty of merchantability exists for this product and whether it has been violated in this situation.
Answer:
Product Implied Warranty
According to the Uniform Commercial Code, a product warranty guarantees that a product will work when used for its intended purposes. There are two key types of implied warranties: merchantability and fitness. The implied warranty of merchantability states that a product will meet reasonable expectations of the buyer. The implied warranty of fitness means that the product will meet the buyer's intended use.
Based on the above, we can conclude that the implied warranty of merchantability actually exists for the hair dryer. However, Patrick clearly violated it in this situation through the accident of dropping it in water.
Having thus violated the warranty, he cannot reasonably recover any damages from the company.
Explanation:
a) Facts of the case:
1. Every hair dryer is properly labeled and contains safety precautions against misuse.
2. The SF9000 hair dryer that Patrick purchased functioned properly for a month.
3. Patrick accidentally drops the hair dryer in water, causing him an electric shock.
4. Patrick sues for breach of the implied warranty of merchantability.
Insurance expense incurred on a factory building would be treated as aInsurance expense incurred on a factory building would be treated as aInsurance expense incurred on a factory building would be treated as aInsurance expense incurred on a factory building would be treated as a
Answer:
product cost
Explanation:
Product costs are simply defined all costs incurred when acquiring or making a product. It is any materials that is a part of the product, it entails also the cost of workers who touch the product to produce it with all the costs of the facility and management that is needed to make the product. There are simply 3 main categories of product costs which are direct materials, direct labor and manufacturing overhead.
Insurance Expense gives proper details about an insurer's profitability by line of business, allocation of other underwriting expenses, allocation of pretax profit by line, on a net basis and allocation of pretax profit by line, on a direct basis.
which sentence best completes the diagram
A. the discount rate decrease
B. the money supply increases
C. the unemployment rate increases
D. the gross domestic product decreases
Answer:
B
Explanation:
taking unit 3 test right now
The sentence best completes the diagram is the money supply increases. Thus the correct option is B.
What are Treasury securities?To five different term options, Treasury Bills are a type of short-term security that offers protection and tax advantages to investors who invest money in them. The US government's complete faith and reputation are guaranteed as security for the debt obligations.
While selling securities has the reverse impact and takes money from the system, adding securities lowers rates, makes loans simpler to get and boosts economic activity.
When the Fed purchases Treasury securities, it converts them into "reserve balances," or deposits made at the Federal Reserve by a depository institution. This creates additional wealth for the economy.
Therefore, option B is appropriate.
Learn more about Treasury securities, here:
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Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars).
Current assets 2017 2018
Cash and marketable securities 3.90 2.45
Accounts receivable 4.45 5.98
Inventory 6.98 5.45
Total 15.25 13.88
Current liabilities 2017 2018
Accrued wages and taxes 1.09 1.09
Accounts payable 3.09 4.45
Notes payable 11.07 8.26
Total 15.25 13.88
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?
a. $1.450.000
b. $1.900.000
c. $3,519,000
d. $1.619.000
Answer:
See calculations below
Explanation:
With regards to the above we'll simply add back the given depreciation to the net profit for 2018
= Net income $1,090,000 + depreciation
$290,000
= $1,358,000
Cash flow for 201 is $1,358,000