Answer:
B. Delphi technique
Explanation:
Delphi technique is considered the best way as it helps in estimating the cost and forecast also, For constructing 25 clinics estimate is the biggest function to build the clinics.
Answer:
B. Delphi technique is the correct answer.
Explanation:
The Delphi Technique is a method used to estimate the likelihood and outcome of future events. A group of experts exchange views, and each independently gives estimates and assumptions to a facilitator who reviews the data and issues a summary report.
When a business wants to change an accounting method for tax reporting, such as the cost-flow method used for inventory, what body must give permission for the change?
Internal revenue service must give permission for the change
Explanation:
The Internal Revenue Service is the federal government's income service. The government agency is a division of the Administration of the Treasury and is subsequently headed by the Internal Revenue Commissioner, designated by the President of the United States for a term of five years.
An adjustment in the accounting method of a company includes a change in its overall plan to pay for gross income or expenses (cash or accumulation methods).
They usually have to request permission to do this by filing Form 3115 with either the International Relations Service if they want to change from the accumulation accounting method to the cash accounting rules.
K has a policy with her husband named as a primary beneficiary and her brother as a contingent beneficiary. One day K's husband and brother both died in a car accident. Who will receive K's proceeds when she dies?
Answer:
K's Estate will receive her proceeds when she dies.
Explanation:
K is the primary beneficiary of her husband, and a contigent beneficiary of her brother.
They die, so K receives proceeds from both of them.
Now, K has to declare her estate, so her proceeds will go to someone when she dies.
So the correct answer is that K's Estate will receive her proceeds when she dies.
Paradise Corp. has determined a standard labor cost per unit of $10.20 (1 hour × $10.20 per hour). Last month, Paradise incurred 1,650 direct labor hours for which it paid $16,005. The company also produced and sold 1,700 units during the month.
Calculate the direct labor rate, efficiency, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Total Direct Labor Spending Variance
Answer:
Direct Labor Rate Variance = $825 favorable
Direct Labor Efficiency Variance = $510 favorable
Total Direct Labor Spending Variance = $1,335 favorable
Explanation:
The computations are shown below:
Direct Labor Rate Variance
= (Standard rate - Actual rate) × Actual hours
= ($10.20 - $16,005 ÷ 1,650 labor hours) × 1,650 direct labor hours
= ($10.20 - $9.7) × 1,650 direct labor hours
= $825 favorable
Direct Labor Efficiency Variance
= (Standard Hours allowed - Actual hours) × Standard rate
= (1,700 units × 1 hour - 1,650 hours) × $10.20
= (1,700 hours - 1,650 hours) × $10.20
= $510 favorable
Total Direct Labor Spending Variance
= Standard cost - actual cost
= 1,700 hours × $10.20 - $16,005
= $17,340 - $16,005
= $1,335 favorable
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018:Operating income $ 250,000Income on discontinued operations 70,000All income statement items are subject to a 40% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be:(A) $100,000 and $100,000, respectively.
(B) $128,000 and $100,000, respectively.
(C) $128,000 and $128,000, respectively.
(D) $100,000 and $128,000, respectively.
Answer:
Income tax expense
= 40% x $250,000 = $100,000
Total income tax expense
= 40% x ($250,000 +$70,000) = $128,000
The correct answer is D
Explanation:
The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.
Freda's Florist's separately stated income tax expense and total income tax expense for the year ended December 31, 2018, would be $100,000 and $128,000, respectively. We arrive at these values by applying a 40% tax rate to the combined operating income and income from discontinued operations.
Explanation:To calculate Freda's Florist total income tax expense, we would first need to determine the taxable income, which includes both the operating income and the income on discontinued operations. Let's start by summing those two incomes:
Operating income: $250,000
Income on discontinued operations: $70,000
Total taxable income: $320,000
Then, we apply the tax rate of 40% on this total taxable income to get the total tax expense:
$320,000 * 40% = $128,000.
The separate income tax expense is calculated by applying the tax rate to the operating income: $250,000 * 40% = $100,000.
So, Freda's Florist separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively. Therefore, answer '(D)' is correct.
Learn more about Income Tax Calculation here:https://brainly.com/question/34135935
#SPJ2
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made last month.
Where should they start the process?
Answer:
start process is go to Quick Create ( + ) icon after that find Transfer link
Explanation:
given data
transfer = $500
solution
For start the process of transfer the $500 from checking account in to saving account
we first Navigate to the Quick Create icon
Quick Create icon shown as ( + )
click on ( + ) then there we will find transfer link
after click on transfer link we can get process for transfer
so start process is go to Quick Create ( + ) icon after that find Transfer link
The client should start the process by accessing their online banking account. They need to locate the 'Transfer Money' option, specify the amount to transfer, and indicate their checking account as the source and the savings account as the recipient of the $500.
Explanation:To transfer $500 from a checking account to a savings account to cover tax liabilities, the client should start the process by logging into their online banking account. If their checking and savings accounts are with the same financial institution, they should navigate to an option labelled something like, 'Transfer Money' or 'Make a transfer'. Here, they can then go ahead to specify the amount they want to transfer (in this case, $500), and choose their checking account as the 'From' and their savings account as the 'To'. If the accounts are with different banks, the process may involve setting up a link between the two accounts first.
Learn more about Money Transfer here:https://brainly.com/question/34533838
#SPJ3
Elected officials should be excluded from the planning process because of the potential for political influence.
A. TRUE
B. FALSE
Answer:
The answer is False
Explanation:
Democracy identifies that people have the power to decide for themselves. However, since the populations are vast, the representative democracy allows citizens to elect officials to represent themselves and their needs and interests.
If elected officials are banned, then the Citizen's ability to govern themselves and participate in the planning process is prevented.
Final answer:
The claim that elected officials should be excluded from the planning process due to potential political influence is false; their role is vital in representing constituents. Dillon's Rule restricts, not expands, local government powers, and direct democracy involves citizens voting directly rather than daily politician interactions. Machine politics often led to higher taxes due to corruption.
Explanation:
The statement that 'elected officials should be excluded from the planning process because of the potential for political influence' is FALSE. While it's a valid concern that elected officials might be influenced by politics, it's also part of their role to represent the interests of their constituents within the planning process. They are elected to serve the public interest, and excluding them could undermine the democratic process. Moreover, officials can bring valuable knowledge and oversight to policy discussions. On the other hand, Dillon's Rule does not give local governments freedom and flexibility; rather, it is a principle stating that local governments have only those powers granted by the state and no more. Direct democracy is not about daily interactions with politicians, but rather it implies citizens making decisions through referendums or other forms of vote without intermediary representatives.
Government planners rely on experts such as scientists to provide objective advice in policy-making; however, creating a policy where any failing prediction results in permanent exclusion could lead to overly conservative recommendations and stifle innovation. Thus, incorporating a mixture of elected officials, experts, and public opinion is typically considered a balanced approach in policy-making. In the U.S., the system is not a true democracy as it operates as a republic, where citizens elect representatives to make policy decisions on their behalf.
Concerning colonial governors, they did have the power to veto legislation from colonial assemblies, reflecting the centralized authority of the governing structures of the time. The definition of executive authority is unrelated to the idea of the prime minister or president being 'the leader of the free world'; this is a colloquialism that does not accurately describe executive powers.
Regarding term limits, whether they've led to a significant increase in the number of women in state legislatures is a matter that requires statistical evidence to support. Lastly, a disadvantage of machine politics included the fact that taxpayers often faced higher city taxes due to corrupt practices.
The main difference between a monopsonist and a competitive buyer of labor is that the competitor can hire as many workers as it wants at the going wage while the monopsonist must raise wages to hire additional workers. the monopsonist can hire as many workers as it wants at the going wage while the competitive firm must raise wages to hire additional workers. the competitive firm can hire as many workers as it wants at the going wage while the monopsonist can hire more workers at lower wages. the monopsonist can force wages down and still hire as many workers as it wants while the competitive firm must increase the wage rate to hire additional workers.
The main difference between a monopsonist and a competitive buyer of labor is that the competitor can hire as many workers as it wants at the going wage while the monopsonist must raise wages to hire additional workers.
Explanation:
There is a horizontal labour curve for a profitable consumer. Thus any number of jobs can be employed at a specified wage rate. The curve of labor supply for monopsonists is sloping upwards. Monopsonist must ,therefore pay higher wages to hire more employees.
Some examples of monopsonism relate to the buy in the labour market of workers ' time, in which a company is the only buyer of a particular kind of labor. The classical example of a natural monopoly is a mining company, where the mining company is the main employer and the primary employer in the city.
The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares are common stock. The company was not able to pay dividends in 2014, but plans to pay dividends of $18,000 in 2015. Assuming the preferred stock is cumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2015
Answer:
$12,000 and $6,000
Explanation:
For computing the dividend, first we have to find out the yearly dividend which is shown below:
= Number of shares × par value per share × dividend rate × number of years
= 1,000 shares × $100 × 6% × 2 years
= $12,000
Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders
Cisco Systems Inc. reported the following in its income statement for the year ended July 30, 2016: Basic earnings per share of $2.13 and diluted earnings per share of $2.11. There were 5,053 million weighted average basic shares were outstanding during the year.
What approximate net income, did the company report for 2016?
A.
$ 7,624 million
B.
$10,662 million
C.
$10,763 million
D.
$ 4,310 million
E.
None of the above
Answer:
net income = $10763 million
so correct option is C. $10,763 million
Explanation:
given data
Basic earnings per share = $2.13
diluted earnings per share = $2.11
weighted average basic shares = 5,053 million
to find out
What approximate net income
solution
we will apply here basic EPS formula that is express as
basic EPS = Net income ÷ Number of outstanding shares ............1
put here value we get net income
net income = $2.13 × 5053000000
net income = $10763 million
so correct option is C. $10,763 million
One of the reasons the reporting of national news is relatively uniform among news source is that
A. The government dictates much of what is reported
B. There are only a few important events each day that merit news coverage
C. The network newscasts are brief and the day's top stories tend to dominate
D. Reporters are not given much freedom by their editors
Answer:
The correct option is C
Explanation:
The major reason why there is relative uniformity in the national news source is because the number of news organization and news services are responsible for generating most of the news, hence the option that network newscast are brief and hence the days top stories tend to dominate is the best option.
Answer:
B. There are only a few important events each day that merit news coverage.
Explanation:
The news sources strive to report important news, thereby making the reporting of the stories relatively uniform. These important stories would be broadcast by the network newscasts but in various dimensions.
The major reason for uniformity among news source is that important daily events are few, and these are what the majority of people intend to be abreast of. No one is interested in irrelevant stories.
A good example is the case of the corona virus 2019 that has bedeviled the whole world at present, most networks broadcast this and a few other stories. This is because they intend to report what majority of their followers wish to know and there are few important stories for the day.
Parker owned all of Odom Inc.Although the Investment in Odom Inc. account had a balance of $834,000, the subsidiary's 12,000 shares had an underlying book value of only $56 per share.On January 1, 2011, Odom issued 3,000 new shares to the public for $70 per share.How does this transaction affect the Investment in Odom Inc. account?a) It should be decreased by $141,120.b) It should be increased by $176,400.c) It should be increased by $48,000.d) It should be decreased by $128,400.e) It is not affected since the shares were sold to outside parties.
Answer:
The answer is d) It should be decreased by $128,400
Explanation:
We have the Total stock holder's equity of Odom is:
Book value of 12,000 outstanding shares + Value of 3,000 newly issued shares = 12,000 x 56 + 3,000 x 70 = $882,000
% of holding Parker has in Odom after the new issuance = 12,000 / (12,000+3,000) = 80%
=> Investment in Odom account balance should be recorded at: 80% x Total stock holder's equity of Odom = 0.8 x 882,000 = $705,600
=> Investment in Odom account should be written down by 705,600 - 834,000 = $(128,400).
So d is the correct choice.
Sales $ 929,000 $ 264,000 $ 406,000 $ 259,000 Variable manufacturing and selling expenses 478,000 114,000 206,000 158,000 Contribution margin 451,000 150,000 200,000 101,000 Fixed expenses: Advertising, traceable 69,300 8,300 40,600 20,400 Depreciation of special equipment 42,900 20,300 7,200 15,400 Salaries of product-line managers 115,700 40,100 38,900 36,700 Allocated common fixed expenses* 185,800 52,800 81,200 51,800 Total fixed expenses 413,700 121,500 167,900 124,300 Net operating income (loss) $ 37,300 $ 28,500 $ 32,100 $ (23,300) Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes?
Answer:
Although the racing bikes is making a loss of $(23,300), by discontinuing the Racing Bikes, it will create financial disadvantage of $(101,000)
Explanation:
The financial advantages/(disadvantages) from discontinuing the Racing Bikes production is calculated as:
Plus: Cost saving = Variable contribution margin = $158,000
Less: Revenue deduction from not selling Racing Bikes = $259,000
Advantages/(Disadvantages) $(101,000)
In other words, by stopping Racing Bikes - a business line having positive Contribution Margin of $101,000, the company does not gain any further fixed cost saving or recovery of the sales of machines/ equipment used only for the Racing Bikes production, the discontinue will create a disadvantage equal to the contribution margin of the Racing Bike business line.
Study abroad programs at universities worldwide promote the fact that they offer a unique opportunity for college students who appreciate diversity, are adventurous in spirit and enjoy new experiences. These students have a different outlook on life, compared to most college students. Based on this information, which form of segmentation has proven to be most useful to them in better understanding their audience?
a) Geographic
b) Demographic
c) Psychographic
d) Behavioral
e) All of the above
Answer: C. Psychographic
Explanation:
Psychograhic is the grouping of a population based on attitude , Interest and motivation, the demarcation in this scenario is based on students spirits, diversity and what they enjoy doing.
It's not a geographic demarcation because it's not based on physical boundaries or countries, it's not demographic because it's not based on natural factors such as ages, sex, etc . It's not based on equal consumption pattern and this makes it not to be behavioral and all the alternatives cannot be right because they are all different.
During 2018​, Whisper Breeze Spa reported revenue of $20,000. Total expenses for the year were $15,000. Whisper Breeze Spa ended the year with total assets of $35,000​, and it owed debts totaling $15,000. At​ year-end 2017​, the business reported total assets of $30,000 and total liabilities of $ 15,000.
a. Compute Whisper Breeze Spa's net income for 2018.
Answer:
Whisper Breeze Spa's net income for 2018 is $5000.
Explanation:
Net income = Revenue - Total expenses
= $20000 - $15000
= $5000
Therefore, Whisper Breeze Spa's net income for 2018 is $5000.
To calculate the net income, subtract the total expenses from the total revenue. Using the figures provided for Whisper Breeze Spa, the net income for 2018 is $5,000 ($20,000 in revenue minus $15,000 in expenses).
Explanation:The net income for the year 2018 can be calculated by subtracting the total expenses from the total revenue. Whisper Breeze Spa reported a revenue of $20,000 and total expenses of $15,000 for the year 2018. By subtracting the total expenses from the total revenue, the net income for the year 2018 can be determined.
Net Income = Total revenue - Total expenses = $20,000 - $15,000 = $5,000.
So, Whisper Breeze Spa's net income for 2018 was $5,000.
Learn more about Net Income here:https://brainly.com/question/34630254
#SPJ3
Joss is a marketing consultant Iris and Daphne are potential customers interested in commissioning Joss to undertake a market survey and compile the findings in a report. Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1, 200. Assume that Iris and Daphne do not know each other. Which of the following statements is true?
(A) Joss should charge each customer $600, that way he will earn his opportunity cost and it will be fair to both Iris and Daphne.
(B) Joss should charge Iris $500 and Daphne no more than $700, that way he earns his opportunity cost and there is no loss in economic surplus.
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
(D) Joss should charge Iris $500 but charging Daphne $800 is unfair because it allows Joss to earn more than his opportunity cost.
Answer:
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
Explanation:
Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY. For the last five flights, what was the load factor? (Make sure your answer is accurate to one decimal place)
Solution:
Total number of seats in the plane = 57
From MSY to DFW = 44 passangers
From DFW to OKL = 49 passangers
From OKL to TUL = 36 passangers
From TUL to FWB = 30 passangers
From FWB to MYS = 49 passangers
So the average number of seats filled per flight
= (44+49+36+30+49) / 5
= 208/5
= 41.6
For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane
= 41.6 / 57
= 0.7298
= 72.9%
So for the last five flights the load factor was 72.9%
What do you get when you calculate the present value of the free cash flow of the firm using this discount rate?
Answer:
Explanation:
To calculate the present value of a firm, first, determine the expected free cash flows over the specified time period. Next thing is to determine the present value factor for each year using the discount rate given. Next, multiply the respective discount factor by each year's cashflow. This will give you the Present value for each year. Lastly, sum up individual PVs to get the value of the firm.
Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate Total Cost of goods sold $46,100 $29,500 Direct operating expenses 26,900 22,100 Sales 97,300 65,500 Interest expense $2,500 General overhead 19,200 Income tax 4,300
The gross profit for the Locomotive Division is:
Answer:
Gross profit= $36,000
Explanation:
Giving the following information:
Cost of goods sold:
Rails Division= 46,100
Locomotive Division= 29,500
Sales:
Rails Division= 97,300
Locomotive Division= 65,500
To calculate the gross profit, we need to use the following formula:
Gross profit= Sales - cost of goods sold
Gross profit (Locomotive)= 65,500 - 29,500= $36,000
Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. Taxes were $15,000. The firm has 100,000 shares of common stock outstanding. Earnings per share on the common stock was?
Answer:
$0.9
Explanation:
Data provided in the question:
Earnings after taxes = $108,750
Interest expense for the year = $20,000
Preferred dividends paid = $18,750
Common dividends paid = $30,000
Common stock outstanding = 100,000 shares
Now,
Earning available on common stock
= Earnings after taxes - Preferred dividends paid
= $108,750 - $18,750
= $90,000
Therefore,
Earnings per share on the common stock
= Earning available on common stock ÷ Common stock outstanding
= $90,000 ÷ 100,000
= $0.9
Wilbert’s, Inc. paid $90,000, in cash, for a piece of equipment three years ago. Last year, the company spent $10,000 to update the equipment with the latest technology. The company no longer uses this equipment in its current operations and has received an offer of $50,000 from a firm who would like to purchase it. Wilbert’s is debating whether to sell the equipment or to expand its operations such that the equipment can be used. When evaluating the expansion option, what value, if any, should Wilbert’s assign to this equipment as an initial cost of the project?a.$40,000b.$50,000c.$60,000d.$80,000e.$90,000
Answer:
b.$50,000
Explanation:
The paid $90,000 and additional $10,000 spent on this equipment is the cost of this equipment, but maybe have been amortized fully in current project already; so we do not need to indicate these amount in the new project.
The company has received an offer of $50,000 for selling this piece of equipment, thus this is an opportunity cost of the project.
And the company should assign this as an initial cost of the project.
Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?A. Term life insuranceB. Health insuranceC. Whole life insuranceD. AnnuitiesE. Group life insurance
Answer:
The correct answers are letters "C" and "D": Whole life insurance; Annuities.
Explanation:
The Department of the Treasury defines "covered products" as permanent life insurance policy not applicable to group life insurance policies; annuity contracts that do not include group annuity contracts; and, other insurance products with monetary value or considered investments.
Under anti-money laundering laws outlined by the Treasury Department, 'covered products' include insurance policies such as whole life insurance and annuities that have cash value or investment features. However, term life insurance, health insurance, and group life insurance are typically not considered 'covered products'.
Explanation:According to the Treasury Department and provisions outlined under anti-money laundering regulations, certain insurance products are considered 'covered products.' The primary products considered under these regulations include permanent life insurance policies, other than group life insurance, annuities, and any other insurance products with features of cash value or investment. Therefore, out of the options given, whole life insurance (C) and annuities (D) are considered 'covered products' under these regulations. Term life insurance (A), health insurance (B), and group life insurance (E) are typically not included.
Learn more about Covered Products here:https://brainly.com/question/31971464
#SPJ3
A ScrumMaster's role is to also be a Servant Leader. Which of the following characteristics is not a Servant Leader characteristic?
Select one:
A. Let's go and have a cup of coffee and let's discuss what I can do for you.
B. Needs of the Scrum team are met
C. How can I help you?
D. What are you going to do for me today?
Answer:
D. What are you going to do for me today?
Explanation:
The leader should be first a servant, having a desire to serve than to be served. This makes a leader has authority and not just power by having interactions with ones he leads. He is not just interested in building himself but contributing to growth and development of the people around him.
Therefore asking what one will do for you is not a Servant Leader characteristic because it puts the leader first before the people.
J has a policy and has a terminal injury. Which of the following benefits would allow J to receive a portion of his proceeds before he dies?
ebjtdvtghrhsthtjhfhceecexsx4scfnhbcecrbtcbfhgry
Factor Co. can produce a unit of product for the following costs:
Direct material $ 8.10
Direct labor 24.10
Overhead 40.50
Total product cost per unit $ 72.70
1. An outside supplier offers to provide Factor with all the units it needs at $42.35 per unit. If Factor buys from the supplier, the company will still incur 70% of its overhead. Factor should choose to ___________?
Answer:
the relevant cost to make is $44.35
Explanation:
given data
Direct material = $ 8.10
Direct labor = 24.10
Overhead = 40.50
Total product cost per unit = $ 72.70
Cost of purchase = $42.35
solution
we know here that 70% of overhead cost is unavoidable
so we can say that it will not be considered for decision making
so here Cost of manufacturing will be
Cost of manufacturing = $8.10 + $24.10 + ( 30% of $40.50 )
Cost of manufacturing = $44.35
and
Cost of purchase is = $42.35
so here we can say the relevant cost to make is $44.35
The idea that the relationship between a worker and employer is voluntary and can be terminated at any time, by either party, is the" employment-at-will doctrine. due process principle. corporate governance system. arbitrary employment doctrine.
Answer:
The correct answer is letter "A": employment-at-will doctrine.
Explanation:
The employment-at-will doctrine is an organizational practice in which employers could terminate labor relationships at any moment with no need for explanations and workers as well could cease the relationship without major reason. This practice aimed to avoid lawsuits between employers and workers.
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. What is Austin's projected 2017 net income? What is the expected growth rate in Austin's dividends?
Answer:
Net income = $169.2
Growth in dividend = 76.25%
Explanation:
The projected figures are as below:
Sales = $700 x (1 + 15%) = $805 (15% increase in sales)
Operating costs including depreciation = $805 x 60% = $483 (60% of sales)
Interest expense = 40 (remain constant)
EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322
EBT = EBIT - Interest expense = $322 - $40 = $282
Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2
Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4
Growth in dividend = $56.4/$32 = 76.25%
Edelman Engines has $5 billion in total assets — of which cash and equivalents total $90 million. Its balance sheet shows $1 billion in current liabilities — of which the notes payable balance totals $1.04 billion. The firm also has $3.25 billion in long-term debt and $0.75 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $24 per share. The firm's EBITDA totals $1.08 billion. Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What are Edelman's market/book and its EV/EBITDA ratios? Do not round intermediate calculations. Round your answers to two decimal places.
Answer:
Edelman's market/book = 2.29
Edelman's EV/EBITDA = 10.52
Explanation:
Firstly, we need to calculate enterprise value (EV) & fiem value (FV) of Edelman Engines as below:
EV = Market value of equity + Net market value of debt
= Stock price x Number of share outstanding + (Debt - Cash)
= 24 x 0.3 + (3.25 + 1 - 0.09) = 11.36
FV = Market value of equity + Market value of debt
= Stock price x Number of share outstanding + Market value of debt
= 24 x 0.3 + 3.25 + 1 = 11.45
Edelman's market/book = FV/Total asset = 11.45/5 = 2.29
Edelman's EV/EBITDA = 11.36/1.08 = 10.52
when assisting taxpayers in obtaining an ACA exemption, the tax professional should do which of the following first?
a) the tax professionial should first assist the taxpayer in obtaining a Marketplace exemption prior to assisting the taxpayer in claiming a tax return exemption.
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
d) none of these answers is correct. the taxpayer is required to obtain ACA exemption on their own.
Answer and Explanation:
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
Answer:
The answer is C
Explanation:
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans and submitting a model is $10,000. The probability of being awarded the bid is 0.12, and anticipated profits are $100,000, resulting in a possible gain of this amount minus the $10,000 cost for plans and a model. What is the expected value in this situation?
Answer:
The expected value is $2,000
Explanation:
The expected value in the following situation is computed as:
Expected value = Probability of bid × (Anticipated Profits - Cost of drawing plans) - (1 - Probability of bid) × Cost of drawing plans
where
Probability of bid is 0.12
Anticipated Profits is $100,000
Cost of drawing plans is $10,000
Putting the values above:
= 0.12 × ($100,000 - $10,000) - (1 - 0.12) × $10,000
= 0.12 × $90,000 - 0.88 × $10,000
= $10,800 - $8,800
= $2,000
The expected value in this situation is $10,800.
Explanation:To calculate the expected value in this situation, we need to multiply the profit by the probability of being awarded the bid. The profit is $100,000 minus the cost of $10,000, which is $90,000. The probability of being awarded the bid is 0.12.
Expected Value = Profit x Probability
Expected Value = $90,000 x 0.12
Expected Value = $10,800
Therefore, the expected value in this situation is $10,800.
Learn more about Expected value here:https://brainly.com/question/37190983
#SPJ3
In the middle of this decade, the United States imported about $800 billion more in goods and services than it exported, thereby resulting in a _________ value of Xn and a decrease in GDP.
A positive
B negative
C neutral
D none of the above
Answer:
B negative
Explanation:
This problem is talking about the balance of trade of the United States during this time period.
If a country exports more than it imports, it has a positive trade surplus, or positive balance of trade.
Otherwise, if the country imports more than it exports, it has a negative trade surplus.
Since US imported more than it exported, the correct answer is:
B negative