Master Business with Fun Quizzes & Brain Teasers!

Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $250,500, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Related Information: Lease term 2 years (8 quarterly periods) Quarterly lease payments $15,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset 5 years Interest rate charged by the lessor 12% Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter
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Fallow Corporation has two separate profit centers. The following information is available for the most recent year: West Division East Division Sales (net) $ 250,000 $ 400,000 Salary expense 31,000 45,000 Cost of goods sold 95,000 195,000 The West Division occupies 6,250 square feet in the plant. The East Division occupies 3,750 square feet. Rent, which was $ 50,000 for the year, is an indirect expense and is allocated based on square footage. Compute operating income for the West Division
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Your portfolio has provided you with returns of 11.4 percent, 6.2 percent, .7 percent, and 14.6 percent over the past four years, respectively. what is the geometric average return for this period?
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Clare fran is buying a new chevy volt for $39,000 with an interest charge of $4800. she sets up a loan, and repays it over 25 equal monthly payments for 25 months. what will be her monthly payment
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Flamingo Floyd's, a tanning salon, plans to hire additional employees. Flamingo Floyd's currently employs 5 workers at $15 per hour. The price of a tanning session is $11. If Flamingo Floyd's hires the 6th worker the marginal product of labor (going from 5 employees to 6 employees) will be 56. What is Flamingo Floyd's marginal revenue product from hiring the 6th worker
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Please help! Giving a brainly to the best answer!If you copied B4 to C6 what would be the resulting cell reference in C6?HINT: The relative change in position from B4 to C6 is an increase of one column and two rows. The cell reference in B4 (=D6) must change by the same amount. This is from the subject buisness my buisness class in 6th grade! So if your in this grade or higher please answer!
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Suppose that your favorite electronics store maintains an inventory of a certain brand and model of mp3 player. the store pays the manufacturer $165 for each mp3 player ordered. each order incurs a fixed cost of $40 in order processing, shipping, etc. and requires a 2 week lead time. the store estimates that its cost of capital is 17% per year, and it estimates its other holding costs (warehouse space, insurance, etc.) at $1 per mp3 player per month. the demand for mp3 players is steady at 40 per week.required:a. using the eoq model, calculate the optimal order quantity, reorder point (r), and average cost per year.b. now suppose that backorders are allowed, and that each backorder incurs a stockout penalty of $60 per stockout per year. using the eoq model with planned backorders, calculate the optimal order quantity, stockout percentage (x), reorder point (r), and average cost per year. how much money would the store save per year by allowing stockouts, expressed as a percentage?
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Carlos Arruza Company exchanged equipment used in its manufacturing operations plus $3,000 in cash for similar equipment used in the operations of Tony LoBianco Company. The following information pertains to the exchange. Carlos Arruza Co. Tony LoBianco Co. Equipment (cost) $28,000 $28,000Accumulated depreciation 19,000 10,000Fair value of equipment 12,500 15,500Cash given up 3,000 a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. b) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance
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Required sales in dollars to meet a target net income is computed by dividing fixed costs plus target net income by contribution margin ratio. Total costs plus target net income by contribution margin ratio. Fixed costs plus target net income by unit contribution margin. Variable costs plus target net income by unit contribution margin
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1. A freelancer's pay may vary from year to year. A. TrueB. False2. How many years after the debut did it take for the number of users to quadruple?A. 1 yearsB. 2 yearsC. 3 yearsD. 4 years3. A document that tracks a company's income and expenses is referred to asA. An income sheet. B. A balance sheet. C. A purchase order. D. A budget. 4. The internet has created a new market for companies. A. TrueB. False
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Ryan, a college student, went to see his hair stylist, melissa. ryan, who had black, curly hair, requested straight, blond hair. melissa told him that she could make those changes, but that there would be significant upkeep involved. melissa made the changes, but ryan did not do the upkeep required. ryan proceeded to falsely claim that melissa did not do what ryan asked her to do, that melissa lied to him, and that melissa was professionally incompetent. ryan made the statements about melissa to friends of his. he also wrote a letter to his college newspaper saying that melissa's shop should be avoided at all costs because melissa was incompetent in fact, melissa was a good hair stylist and enjoyed a good reputation up until the time that ryan started his criticism, melissa threatened to sue ryan for defamation, but ryan told melissa that she could not prevail because she could not prove loss of income. melissa had to admit that while her reputation had been damaged somewhat and she felt embarrassed and humiliated, the damage was primarily among the college population. her income kept increasing from other segments of the community, and she had suffered no net loss. all her appointment times were booked for weeks ahead. which of these apply to the defamation printed in the school newspaper? a. it is libel but not slander. it is slander but not libel. b. it is both libel and slander. c. no tort was committed because the falsehood involved matters of appearance, not business-related matters. d. no tort was committed because an editorial, not a formal news report, was involved.
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Exercise 10-10 Sunland Company Ltd. Publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Sunland sells 7,500 subscriptions for cash, beginning with the December issue. Sunland prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions
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Question textComputing Issue Price for Zero-Coupon BondsBaiman, Inc. Issues $1,000,000 of zero-coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is: a. 10% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repaymentAnswerb. 12% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repaymentAnswerc. If prior to the debt issue at 12%, the firm had total assets of $3. 5 million and total equity of $1 million, what would be the effect of the new borrowing on the financial leverage of the firm?(Round your answers to two decimal places. )Financial leverage prior to borrowingAnswerFinancial leverage subsequent to borrowingIncrease (Decrease) in financial leverageFinancial leverage prior to borrowingFinancial leverage subsequent to borrowingI
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A(n) __________ is a financial incentive a firm offers to encourage employees to accept an early retirement offer.
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In a survey of 100 students the following observations were made:41 students read punch magazine,29 students read time magazines,26 students read ovation magazine,15 students read punch and time magazines,8 students read time and ovation magazines,19 students read punch and ovation magazines and 5 students read all the three magazines. find the number of students among the 100 that did not read any of the three magazines. how many read one of the three magazines
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A firms business strategy must respond and adapt to all of the variables in the following list to remain competitive. From this list, which variable does IS have the biggest impact on?
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The accounting records of Roland Manufacturing Company include the following information:Dec. 31 Jan. 1 Work in process inventory $20,000 $50,000 Finished goods inventory 120,000 150,000 Direct materials used 350,000 Direct labor 160,000 Selling expenses 125,000 Manufacturing overhead is applied at a rate of 150% of direct labor cost. What is the total of the debits to Work in Process Inventory during the year?
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You are considering the purchase of an apartment complex. The following assumptions are made: The purchase price is $1,000,000. Potential gross income (PGI) for the first year of operations is projected to be $171,000. PGI is expected to increase 4 percent per year. No vacancies are expected. Operating expenses are estimated at 35 percent of effective gross income. Ignore capital expenditures. The market value of the investment is expected to increase 4 percent per year. Selling expenses will be 4 percent. The holding period is 4 years. The appropriate unlevered rate of return to discount projected NOIs and the projected NSP is 12 percent. The required levered rate of return is 14 percent. 70 percent of the acquisition price can be borrowed with a 30-year, monthly payment mortgage. The annual interest rate on the mortgage will be 8. 0 percent. Financing costs will equal 2 percent of the loan amount. There are no prepayment penalties. Required:a. Calculate net operating income (NOI) for each of the four years. b. Calculate the net sale proceeds from the sale of the property. c. Calculate the net present value of this investment, assuming no mortgage debt. Should you purchase? Why? d. Calculate the internal rate of return of this investment, assuming no debt. Should you purchase? Why? e. Calculate the monthly mortgage payment. What is the total per year?
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1 pointConsider the following information:Interest payments2017: 2%2018: 3%2019: 4%Taxes paid2017: 20%2018: 22%2019: 18%Calculate the cost of debt. Use only full stop for decimals and do not input percentagesign. Hint: Use the historical interest payments to calculate the average debt yield and thehistorical taxes paid to calculate the tax shield. Remember that you have to use 1 - averagetax to get the tax shield.
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Sheffield Corp. Closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On June 30, the Notes Receivable account balance is $22,000. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest RateApril 21 Booth Inc. $6,000 90 days July 20 8%May 25 Manning Co. 7,800 60 days July 24 10%June 30 ANF Corp. 10,000 6 months December 31 6%During July, the following transactions were completed. July 5 Made sales of $4,140 on Sheffield Corp. Credit cards. 14 Made sales of $400 on Visa credit cards. The credit card service charge is 3%. 20 Received payment in full from Coote Inc. On the amount due. 24 Received payment in full from Brady Co. On the amount due. Required:Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days; omit cost of goods sold entries. )
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Another name for the carer is a respite worker true or false?
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Barbie and Jose are married and claim 2 exemptions. Last year Barbie earned $32,400 and Jose earned $28,600 in wages. Additional tax information for the year is as follows: Interest earned: $2,800; alimony paid: $5,900; contributions to IRA retirement fund: $2,300; state and local income taxes paid: $6,200; contributions to charity: $2,700. Find the taxable income if they file a joint return
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Compare and contrast the vertical and horizontal integration strategies of business combinations. which approaches did andrew carnegie and john d. rockefeller use initially
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Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. Sales Unit sales for November 2019 112,000Unit sales for December 2019 102,000Expected unit sales for January 2020 114,000Expected unit sales for February 2020 114,000Expected unit sales for March 2020 116,000Expected unit sales for April 2020 126,000Expected unit sales for May 2020 136,000Unit selling price $12Waterways likes to keep 10% of the next months unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $183,600. Direct MaterialsDirect materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,400 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $103,740. Direct LaborLabor requires 12 minutes per unit for completion and is paid at a rate of $6 per hour. Manufacturing OverheadIndirect materials 30 per labor hourIndirect labor 50 per labor hourUtilities 40 per labor hourMaintenance 30 per labor hourSalaries $41,000 per monthDepreciation $18,500 per monthProperty taxes $2,900 per monthInsurance $1,200 per monthMaintenance $1,400 per monthSelling and AdministrativeVariable selling and administrative cost per unit is $1. 60. Advertising $16,000 a monthInsurance $1,600 a monthSalaries $73,000 a monthDepreciation $2,400 a monthOther fixed costs $3,100 a monthOther InformationThe Cash balance on December 31, 2019, totaled $103,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2. 30 per share for 4,800 shares outstanding. The company has an open line of credit with Romneys Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 6% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $520,000 equipment purchase is planned for February. For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e. G. 2,520. )
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