The Pay Loans Company is responsible for processing all cheques that come to the company for payment.
The managers believe that variable overhead costs are mainly proportional to the number of labour-hours worked in the office, so labour-hours are used as the activity base when preparing variable overhead budgets and performance reports. The total variable overhead costs for the month of October were $59,200, and the actual labour-hours were 5,800. The total budgeted overhead costs for the month of October were $63,500, and the budgeted labour-hours were 6,000. Using this data, the spending variance and the efficiency variance can be computed. Answer more than 100 characters. The spending variance shows the difference between actual variable overhead costs and budgeted variable overhead costs. The spending variance for October can be calculated as follows: Spending variance = Actual variable overhead - Budgeted variable overhead= $59,200 - $63,500= -$4,300Since the actual variable overhead costs were less than the budgeted variable overhead costs, the spending variance is favorable. The efficiency variance, on the other hand, indicates the difference between the actual labour-hours worked and the budgeted labour-hours that should have been worked. The efficiency variance for October can be calculated as follows: Efficiency variance = Budgeted variable overhead - (Actual labour-hours × Variable overhead rate)= $63,500 - (5,800 × $10)= $63,500 - $58,000= $5,500. Since the actual labour-hours were less than the budgeted labour-hours, the efficiency variance is unfavorable.
The total variable overhead costs for the month of October were $59,200, and the actual labour-hours were 5,800. The total budgeted overhead costs for the month of October were $63,500, and the budgeted labour-hours were 6,000.
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Please Do Question 1 Thank You
The statements of financial position of Pierides Shipping Management plc at 31 January 2019 and 31 January 2020 were as follows: Pierides Shipping Management plc Statement of financial position at 31
- At 31 January 2019, the debt to equity ratio was 1.07.
- At 31 January 2020, the debt to equity ratio was 1.00.
- At 31 January 2019, the current ratio was 2.
- At 31 January 2020, the current ratio was 1.73.
Statement of financial position of Pierides Shipping Management plc at 31 January 2019 and 31 January 2020 31 January 2019 31 January 2020 £'000 £'000 Non-current assets 175,000 230,000 Current assets Inventories 40,000 50,000 Receivables 25,000 35,000 Cash and cash equivalents 5,000 10,000 Total current assets 70,000 95,000 Total assets 245,000 325,000 Equity Share capital 100,000 125,000 Retained earnings 35,000 50,000 Total equity 135,000 175,000 Non-current liabilities 75,000 115,000 Current liabilities Trade payables 20,000 25,000 Borrowings 15,000 30,000 Total current liabilities 35,000 55,000 Total equity and liabilities 245,000 325,000
(a) Calculation of debt to equity ratio at 31 January 2019 and 31 January 2020
Debt to equity ratio indicates the relationship between the amount of funds provided by the creditors and the amount of funds provided by shareholders. Debt to equity ratio can be calculated as follows:
Debt to equity ratio = Total liabilities/Total equity
Therefore, the debt to equity ratios at 31 January 2019 and 31 January 2020 can be calculated as follows:
For 31 January 2019
Debt to equity ratio = Total liabilities/Total equity
= (75,000 + 35,000)/135,000
= 1.07
For 31 January 2020
Debt to equity ratio = Total liabilities/Total equity
= (115,000 + 55,000)/175,000
= 1.00
(b) Calculation of current ratio at 31 January 2019 and 31 January 2020
The current ratio measures the ability of a company to meet its short-term obligations. It is calculated as follows:
Current ratio = Current assets/Current liabilities
Therefore, the current ratios at 31 January 2019 and 31 January 2020 can be calculated as follows:
For 31 January 2019
Current ratio = Current assets/Current liabilities
= 70,000/35,000
= 2
For 31 January 2020
Current ratio = Current assets/Current liabilities
= 95,000/55,000
= 1.73
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what+is+the+present+value+of+the+following+cash+flow+stream+at+a+rate+of+15.0%?+years:+0+1+2+3+4+cfs:+$0+$1,500+$3,000+$4,500+$6,000
Present value formula: PV = CF / (1 + r) n Where PV = present value CF = cash flow r = interest rate n = time period In the given problem, the present value of the given cash flow stream at a rate of 15% is $10,487.33.
To find the present value of the given cash flow stream at a rate of 15%, we have to use the present value formula.Present value formula: PV = CF / (1 + r) n Where PV = present value CF = cash flow r = interest rate n = time period In the given problem,The cash flow for Year 0 is $0.The cash flow for Year 1 is $1,500.The cash flow for Year 2 is $3,000.The cash flow for Year 3 is $4,500.The cash flow for Year 4 is $6,000.Now we will find the present value of each year.PV of Year 0 = $0PV of Year 1 = $1,500 / (1 + 0.15)¹ = $1,304.35PV of Year 2 = $3,000 / (1 + 0.15)² = $2,245.97PV of Year 3 = $4,500 / (1 + 0.15)³ = $3,036.82PV of Year 4 = $6,000 / (1 + 0.15)⁴ = $3,900.19Finally, the present value of the given cash flow stream at a rate of 15% is:PV = PV of Year 0 + PV of Year 1 + PV of Year 2 + PV of Year 3 + PV of Year 4PV = $0 + $1,304.35 + $2,245.97 + $3,036.82 + $3,900.19PV = $10,487.33Therefore, the present value of the given cash flow stream at a rate of 15% is $10,487.33.
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For a full plan-driven large software development project using the V-Process model, list the various SQA activities at each phase and describe their impact on the final deliverables. Classify these activities into QC and QA. Specify the various metrics that can be used to track the performance of these QC/QA activities. [8 marks] Options
For a full plan-driven large software development project using the V-Process model, the SQA activities at each phase are as follows:Requirements phase:SQA ActivitiesThe following are SQA activities that are applicable at the requirements stage:Requirements validation will check that the requirements have been properly captured and defined.
It assures that the specified requirements meet the user’s requirements and are consistent and unambiguous.Requirements traceability will provide evidence that the requirements are being met in the final product.Impact of SQA ActivitiesThe following are the impacts of the SQA activities:It will help to identify and correct any ambiguities in the requirements.The traceability matrix will assist in determining whether all of the necessary features have been included and whether any unwanted features have been removed.The accuracy of the initial product scope and requirements will be increased.QC ActivitiesTest plansTest designsQA ActivitiesReviewsMetrics for Tracking the QC/QA Activities
The following are the metrics that can be used to track the performance of these QC/QA activities:Productivity defect density (no of errors/size of the deliverable)The defect ratio is the ratio of the defects found during testing to the total number of defects discovered at every stage.Total number of defects foundDefect severity
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Georgy Porgy wanted to buy a bottle of orange juice from his room-mate Ricardo, but had no currency, so he wrote a note on excellent quality paper saying "OU $1 Georgy Porgy," which Ricardo accepted. Ricardo owed Suzanna Banana $1, and she accepted the IOU note. That IOU note circulated, as everybody knew Georgy Porgy and accepted the note in payment for debts and goods. It is still circulating ten years later. Is the IOU note money? No, because it is not a federal reserve note or other official currency. Yes, it has become a medium of exchange and final means of payment, as nobody has wanted to return the note to Georgy O No, because it represents debt. Yes, because all IOU notes are money
The question "Is the IOU note money?" is No, because it is not a federal reserve note or other official currency.
An IOU note is not money because it is not official currency or a federal reserve note. While it may have been accepted by a variety of individuals as a means of exchange, its underlying meaning is that it is a debt instrument and not a kind of payment for services or goods rendered. It's worth noting that IOU notes have been used in the past as a means of exchange, but they are not widely accepted as official currency because they are not backed by any official institution and are not widely recognized as such. IOU notes, on the other hand, are debt instruments that can be utilized to settle accounts or debts between individuals without requiring the transfer of real currency.
As a result, the IOU note is neither a currency nor a means of exchange. It's simply a written acknowledgment of a debt that needs to be repaid at some point in the future. While it may have circulated for ten years, it is still a debt instrument that does not hold any intrinsic value, and it cannot be accepted as official currency.
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P2-4B The trial balance of Ron Salem Co. shown below does not balance. Ron Salem Co. Trial Balance June 30, 2014 Debit Credit $ 3,840 $ 2,898 800 3,000 2,666 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Share Capital-Ordinary Dividends Service Revenue Salaries and Wages Expense Utilities Expense 2,200 9,000 800 2,380 3,400 910 $14,008 $17,886 SOM Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer in payment of its account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. 2. The purchase of a computer on account for $620 was recorded as a debit to Supplies for $620 and a credit to Accounts Payable for $620. 3. Services were performed on account for a client for $890, Accounts Receivable was debited for $890, and Service Revenue was credited for $89. 4. A debit posting to Salaries and Wages Expense of $700 was omitted. 5. A payment of a balance due for $309 was credited to Cash for $309 and credited to Accounts Payable for $390. 6. The payment of a $600 cash dividend was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.
Correcting these inaccuracies balances the debit and credit sides, creating a trial balance. The debit side is $3,410 and the credit side is $4,051, resulting in a $641 discrepancy. The trial balance needs an adjustment entry of $641 on either the debit or credit side, depending on the account.
To correct the errors in the trial balance:
1. Increase Cash by $180 and decrease Accounts Receivable by $180.
2. Decrease Supplies by $620 and increase Equipment by $620.
3. Increase Accounts Receivable by $890 and increase Service Revenue by $890.
4. Increase Salaries and Wages Expenses by $700.
5. Decrease Cash by $309 and decrease Accounts Payable by $81.
6. Decrease Salaries and Wages Expenses by $600 and decrease Cash by $600.
The adjusted trial balance will have equal debit and credit totals, resolving the imbalance.
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On January 1, Barone Company purchased as a short-term investment a $1,000, 8% bond for $1,000. The bond pays interest each January 1. The bond is sold on April 1 for $1,125 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold?
The entry to record the cash proceeds from the sale of a bond includes debiting Cash for the amount received and crediting Bond Investment for the original cost of the bond. Additionally, Interest Revenue is credited for the accrued interest earned until the sale date.
When a bond is sold, the company needs to record the cash proceeds received from the sale. The entry is typically recorded as follows:
Debit: Cash (proceeds from bond sale)
Credit: Bond Investment (original cost of the bond)
Credit: Interest Revenue (accrued interest)
The Cash account is debited to reflect the increase in cash resulting from the bond sale. The Bond Investment account is credited to remove the bond from the company's asset holdings and reflect the sale. Finally, the Interest Revenue account is credited to recognize the interest earned on the bond from the last interest payment date until the sale date. This ensures that the company properly recognizes the interest income it has earned.
The specific amounts recorded in each account will depend on the details of the transaction, such as the selling price of the bond and the accrued interest. By recording this entry, the company accurately reflects the cash proceeds from the bond sale and appropriately recognizes the interest revenue related to the bond.
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The flow experience refers to
the ultimate involvement in work
a condition of heightened focus, productivity, and
happiness.
both a & b
a design that allows for the flow of ideas, such as
The flow experience refers to both the ultimate involvement in work and a condition of heightened focus, productivity, and happiness.
The concept of flow was introduced by psychologist Mihaly Csikszentmihalyi, who described it as a state of complete immersion and deep concentration in an activity. When experiencing flow, individuals are fully engaged in what they are doing, feeling a sense of timelessness and effortless involvement. It is a state where challenges and skills are perfectly matched, leading to a sense of fulfillment and enjoyment.
The flow experience is often associated with activities that provide a balance between the level of challenge and one's abilities. When the demands of a task align with our skills, we enter a state of flow, characterized by a sense of being in the zone, losing self-consciousness, and experiencing a high level of focus and productivity. This state not only enhances performance but also brings about a deep sense of satisfaction and happiness.
So, the flow experience encompasses both the ultimate involvement in work and the state of heightened focus, productivity, and happiness that comes with it. It is a desirable state that individuals strive to achieve in their professional and personal pursuits.
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1.Discuss some of the prominent issues of Corporate Governance. Critically analyse the relevance of these issues with particular reference to the corporate sector in Mauritius.
2. What are the sources of ethical problems in business? How these problems have been exacerbated with the Covid-19 pandemic and how can they be resolved?
1. corporate governance are associated with increases in organisations' operational effectiveness and sustainability, This Code comprises a set of principles and guidance aimed at improving and guiding the. governance practices of organizations within Mauritius.
2. Examples of Ethical issues in business are Discrimination and harassment, Workplace health and safety , Whistle-blowing or social media rants, Ethics in accounting practices, Corporate espionage and nondisclosure, Technology and privacy practices.
By studying management processes to find ways to be more responsible, you can handle ethical challenges as an HR or management expert. This may entail looking over the organization's rules and procedures to make sure they address ethical issues in the workplace. You can choose steps that might aid in the transition and assist develop ecologically responsible goals. Then, you can routinely check on your progress towards these objectives.
Communication and the enforcement of a strict code of ethics for decision-making are daily steps your team may implement to recognise and prevent ethical difficulties. You can make sure it consistently complies with applicable laws on these ethical concerns. To ensure openness and honesty when putting together financial reports for the company, you can also work with accountants.
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Linkcomn expects an Eamings before Taxes of 750000$ every year. The firm currently has 100% Equity and cost of raising equity is 12%. If the company can borrow debt with an interest of 10%. What will be the value of the
company if the company takes on a debt equal to 60% of its levered value? What will be the value of the company if the company takes on a debt equal to 40% of its levered value? Assume the company's tax rate is 40% (Must
show the steps of calculation)
The value of the company with debt equal to 60% of its levered value is approximately $6,397,165, and the value of the company with debt equal to 40% of its levered value is approximately $6,345,528.
To calculate the value of the company under different debt levels, we need to use the Modigliani-Miller theorem, which states that the value of a levered firm is equal to the value of an unlevered firm plus the tax shield provided by debt.
Step 1: Calculate the unlevered value of the company.
The unlevered value (V_u) is calculated by dividing the Earnings before Taxes (EBT) by the cost of equity (r_e):
V_u = EBT / r_e
V_u = $750,000 / 0.12
V_u = $6,250,000
Step 2: Calculate the tax shield provided by debt.
The tax shield is the annual interest expense (I) multiplied by the tax rate (T):
Tax Shield = I * T
Tax Shield = (Debt * Interest Rate) * T
Step 3: Calculate the levered value of the company.
The levered value (V_l) is calculated by adding the unlevered value to the tax shield provided by debt:
V_l = V_u + Tax Shield
For a debt level of 60%:
Tax Shield = (0.6 * V_l) * 0.10 * 0.40
V_l = V_u + Tax Shield
Solving for V_l:
V_l = $6,250,000 + (0.6 * V_l) * 0.10 * 0.40
V_l = $6,250,000 + 0.024 * V_l
V_l - 0.024 * V_l = $6,250,000
0.976 * V_l = $6,250,000
V_l = $6,250,000 / 0.976
V_l ≈ $6,397,165
For a debt level of 40%:
Tax Shield = (0.4 * V_l) * 0.10 * 0.40
V_l = V_u + Tax Shield
Solving for V_l:
V_l = $6,250,000 + (0.4 * V_l) * 0.10 * 0.40
V_l = $6,250,000 + 0.016 * V_l
V_l - 0.016 * V_l = $6,250,000
0.984 * V_l = $6,250,000
V_l = $6,250,000 / 0.984
V_l ≈ $6,345,528
Therefore, the value of the company with debt equal to 60% of its levered value is approximately $6,397,165, and the value of the company with debt equal to 40% of its levered value is approximately $6,345,528.
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End Products: aa Subassemblies: сс C D B B B 3 A CC bb C aa bb a) Draw the product structure diagram. (Hint: There are 2 end items. Each subassembly must be used at the same level for both End Items
Here, subassembly aa is already used in the end products, so it is placed at the same level for subassembly bb. Finally, subassembly B consists of two subassemblies, C and bb. Again, since subassembly bb is already used at the same level for both end products and subassembly cc, it is placed at the same level for subassembly B as well.
The product structure diagram represents how various subassemblies and parts fit together to make a complete product. In this question, the product structure diagram needs to be drawn for the given end products and subassemblies, while keeping in mind that each subassembly should be utilized at the same level for both end items. End Products: aa Subassemblies: cc C D B B B 3 A CC bb C aa bb Product structure diagram for the given end products and subassemblies:In this product structure diagram, the end products (aa) are on the top. Each end product requires two subassemblies, cc and bb. Subassembly cc is used at the same level for both end products, so it is placed at the same level for both products. Subassembly bb is also used at the same level for both end products, so it is placed at the same level for both products as well.Subassembly cc itself consists of three subassemblies, C, D, and bb. Since subassembly bb is already used at the same level for the end products, it is placed in the same level for subassembly cc as well.Subassembly C consists of subassembly aa, which is one of the end products. Similarly, subassembly D consists of subassembly 3A, which is also one of the subassemblies.The other subassembly bb consists of two subassemblies, B and aa. Here, subassembly aa is already used in the end products, so it is placed at the same level for subassembly bb. Finally, subassembly B consists of two subassemblies, C and bb. Again, since subassembly bb is already used at the same level for both end products and subassembly cc, it is placed at the same level for subassembly B as well.
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From the ten (10) transactions below,
Provide for the effects of each of the 10 (ten) transactions below using the basic accounting equation of :
Assets = Liabilities + Owners’ Equity (4 MARKS)
_____ _______ ____________
Transaction 1 : Investment By Owner.
Mr. Owner decides to open a computer programming service which he names MultiComp. On September 1, 2010, he invests $15,000 cash in the business.
Transaction 2 : Purchase of Equipment for Cash.
MultiComp purchases computer equipment for $7,000 cash.
Transaction 3 : Purchase of Supplies on Credit.
MultiComp purchases for $1,600 from Acme Supply Company computer
paper and other supplies expected to last several months.
Transaction 4 : Services Provided for Cash.
MultiComp receives $1,200 cash from customers for programming services it has provided.
Transaction 5 : Purchase of Advertising on Credit.
MultiComp receives a bill for $250 from the Daily News for advertising but postpones payment until a later date.
Transaction (6) : Services Provided for Cash and Credit.
MultiComp provides $3,500 of programming services for customers. The company receives cash of $1,500 from customers, and it bills the balance of $2,000 on account.
Transaction (7) : Payment of Expenses.
MultiComp pays the following Expenses in cash for September: store rent $600, salaries of employees $900, and utilities $200.
Transaction (8) : Payment of Accounts Payable.
MultiComp pays its $250 Daily News bill in cash.
Transaction (9). Receipt of Cash on Account.
MultiComp receives $600 in cash from customers who had been billed for services [in Transaction (6)].
Transaction (10). Withdrawal of Cash by Owner.
Mr Owner withdraws $1,300 in cash from the business for his personal use
Transaction 1: Investment by Owner
* Assets: Increase by $15,000 (cash) * Liabilities: No change
* Owner's Equity: Increase by $15,000
Transaction 2: Purchase of Equipment for Cash
* Assets: Decrease by $7,000 (cash) * Liabilities: No change
* Owner's Equity: No change
Transaction 3: Purchase of Supplies on Credit
* Assets: Increase by $1,600 (supplies) * Liabilities: Increase by $1,600 (accounts payable)
* Owner's Equity: No change
Transaction 4: Services Provided for Cash
* Assets: Increase by $1,200 (cash) * Liabilities: No change
* Owner's Equity: Increase by $1,200
Transaction 5: Purchase of Advertising on Credit
* Assets: Increase by $250 (advertising)
* Liabilities: Increase by $250 (accounts payable) * Owner's Equity: No change
Transaction 6: Services Provided for Cash and Credit
* Assets: Increase by $1,500 (cash)
* Assets: Increase by $2,000 (accounts receivable)
* Liabilities: No change * Owner's Equity: Increase by $3,500
Transaction 7: Payment of Expenses
* Assets: Decrease by $1,700 (cash)
* Liabilities: No change * Owner's Equity: No change
Transaction 8: Payment of Accounts Payable
* Assets: Decrease by $250 (cash)
* Liabilities: Decrease by $250 (accounts payable) * Owner's Equity: No change
Transaction 9: Receipt of Cash on Account
* Assets: Increase by $600 (cash)
* Liabilities: Decrease by $600 (accounts receivable) * Owner's Equity: No change
Transaction 10: Withdrawal of Cash by Owner
* Assets: Decrease by $1,300 (cash)
* Liabilities: No change * Owner's Equity: Decrease by $1,300
I hope this helps! Let me know if you have any other questions.
change * Owner's Equity: Decrease by $1,300
I hope this helps! Let me know if you have any other questions.
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1. If the practice of science demands research knowledge, would other disciplines also benefit from a research-based approach to acquiring knowledge? Provide examples where "non-science" disciplines utilize research process and knowledge for a better understanding within that discipline. 2. Moving beyond the Third Technological Wave, how would technological development influence modern-day lifestyle? Highlight the impacts, the benefits, and the downsides of this technological influence in daily life. Provide examples in terms of changes to the economy, society, and power relations. 3. Illustrate the scenario where a country's scientific expertise do not match with its national economic goals. How would the persistence of this issue affect the innovation ecosystem of a country? How can a nation remedy this? 4. Suppose a multinational company has blacklisted the Philippines after distributing its proprietary resource to the public. In response, the Philippines devises a localized version of this material, strictly for local use, which functions with similar efficacy. The company opts to shut down services in the country, instead of proceeding with lawsuits. Due to some trade loopholes, the Philippines avoids sanctions as well. In this scenario, which sector stands to lose the most? What does this tell you about the value of intellectual property right (IPR) protection?
1. The practice of science demands research knowledge. Similarly, other disciplines would benefit from a research-based approach to acquiring knowledge. In fact, non-science disciplines already utilize research process and knowledge for a better understanding within that discipline. For example, the field of education conducts research to understand learning and teaching methods.
The field of business conducts research to understand consumer behavior and market trends. Sociology conducts research to understand societal behavior and trends.2. Moving beyond the Third Technological Wave, technological development would influence modern-day lifestyle in various ways. There are both positive and negative impacts of technological influence in daily life. The benefits of technological advancements include efficient use of time and resources, better healthcare, and increased communication. However, it can also lead to job loss, social isolation, and dependency on technology. For example, the increased use of artificial intelligence can lead to job loss in certain industries. The increased use of social media can lead to social isolation and dependence on technology.3. Suppose a country's scientific expertise does not match its national economic goals. In that case, the persistence of this issue would affect the innovation ecosystem of a country negatively. It can limit the economic growth of a nation. A country can remedy this by developing an innovation strategy that aligns with its economic goals. The government can invest in education and research to improve the country's scientific expertise. It can also promote partnerships between academic institutions and industries.4. In this scenario, the company stands to lose the most. It shows that the value of intellectual property right (IPR) protection is essential. The company is losing profits as the Philippines created a similar version of its proprietary resource. It would discourage companies from investing in innovation if they can't protect their intellectual property. The value of IPR protection is to provide legal protection to companies' proprietary information.
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Kelsy Diner's net income for the year ended November 30, 2020 was $94,000. Additional information is shown below.
Interest expense on borrowing $7,600
Decrease in accounts receivable $13,400
Increase in food inventory $2,600
Increase in accounts payable $3,400
Dividends paid to common shareholders $17,700
Calculate the net cash provided (used) by operating activities using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
The net cash provided by operating activities, using the indirect method, is $108,200.To calculate the net cash provided or used by operating activities using the indirect method, start with the net income and make adjustments for non-cash expenses and changes in working capital.
Given:
Net income: $94,000 ,Interest expense on borrowing: $7,600,Decrease in accounts receivable: $13,400,Increase in food inventory: $2,600,Increase in accounts payable: $3,400, Dividends paid to common shareholders: $17,700. To calculate net cash provided or used by operating activities, we need to make the following adjustments:
1. Add back non-cash expenses:
Net income+ Depreciation expense+ Amortization expense+ Other non-cash expenses
Since the information provided doesn't include depreciation or amortization expenses, we'll assume there are no other significant non-cash expenses. Therefore, we'll only add back the net income:
Net income: $94,000
2. Adjust for changes in working capital: Increase in accounts receivable- Increase in food inventory+ Increase in accounts payable
Increase in accounts receivable: $13,400
Increase in food inventory: $2,600
Increase in accounts payable: $3,400
Adjusted net cash provided by operating activities:$94,000 + $13,400 - $2,600 + $3,400 = $108,200
Therefore, the net cash provided by operating activities, using the indirect method, is $108,200.
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Diversity can be calculated, tracked, and reported-it's about: O a. safety O b. inclusion Oc differences O d. strategy O e. similarities
Diversity is a term that is used to describe the differences that exist between individuals. These differences may include characteristics such as race, ethnicity, gender, sexual orientation, religion, age, or physical ability. The concept of diversity is important in many contexts. The correct answer is option c.
Diversity can be calculated, tracked, and reported, and it's about differences. It is important to note that diversity is not just about meeting quotas or targets. Instead, it is about creating an inclusive environment where all employees feel valued and respected, regardless of their differences. This is important because when employees feel valued and respected, they are more likely to be engaged and motivated, which can lead to better productivity and overall performance.
There are many benefits to having a diverse workforce. For example, research has shown that diverse teams are often more innovative and creative than homogenous teams. This is because diverse teams bring a wide range of perspectives, ideas, and experiences to the table, which can lead to new and innovative solutions to problems. Diversity is also important from a social justice perspective. Historically, certain groups of people have been excluded from opportunities due to their race, gender, or other characteristics.
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describe the ways in which capital can be transferred from suppliers of capital to those who demands capital
Capital can be transferred from suppliers of capital to those who demand capital through various ways like Stock market, Bank loans, Bonds, Venture capital.
The ways in which capital can be transferred from suppliers of capital to those who demands capital include the following:
1. Stock market: The stock market is one of the common ways of transferring capital from the suppliers of capital to those who demand capital. It's a platform where shares of public companies are bought and sold. A supplier of capital who has excess capital can buy shares of a company, which is seeking to expand its capital base, thus supplying the needed capital.
2. Bank loans: Bank loans are another common way of transferring capital from the suppliers of capital to those who demand capital. In this scenario, the supplier of capital (saver) deposits their capital in a bank, which in turn loans out the capital to borrowers, who need the capital for various reasons. The borrowers pay an interest on the loan, and the bank pays the suppliers of capital some interest on their deposits.
3. Bonds: Bonds are another popular way of transferring capital from suppliers of capital to those who demand capital. In this case, an issuer issues a bond, which is a debt instrument that allows the issuer to borrow capital from the market. The bond issuer then pays interest on the bond until maturity, and then the principal is paid back.
4. Venture capital: Venture capital is another way of transferring capital from suppliers of capital to those who demand capital. Venture capitalists provide capital to startups that require capital for their growth and expansion. In return, the venture capitalists own some shares of the company and expect some returns on their investments in the future.
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If no other forces are acting on a parcel (a small volume of air), how will the parcel react a difference in pressure?"
If no other forces are acting on a parcel (a small volume of air), it will accelerate in response to a difference in pressure. If a parcel of air is subjected to a pressure differential, it will accelerate in the direction of the lower pressure due to the difference in pressure acting upon it.
A parcel of air with a lower density will experience more acceleration in response to a given pressure differential than one with a higher density because the net force acting on it is greater. Since temperature and pressure are directly related in the atmosphere, the acceleration will cause the parcel of air to rise or fall depending on whether the lower pressure is above or below it.
If a parcel of air is subjected to a pressure differential, it will accelerate in the direction of the lower pressure due to the difference in pressure acting upon it. Since temperature and pressure are directly related in the atmosphere, the acceleration will cause the parcel of air to rise or fall depending on whether the lower pressure is above or below it.
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Apple Inc. is a retailer. Its accountants are preparing the company's 2nd quarter master budget. The company has the following balance sheet as of March 31.
Apple Inc.
Balance Sheet
March 31
Assets Cash $ 72,000
Accounts receivable 128,000
Inventory 60,900
Plant and equipment, net of depreciation 218,000
Total assets $ 478,900
Liabilities and Stockholders’ Equity
Accounts payable $ 79,000
Common stck 308,000
Retained earnings 91,900
Total liabilities and stockholders’ equity $ 478,900
Apple accountants have made the following estimates:
Sales for April, May, June, and July will be $290,000, $310,000, $300,000, and $320,000, respectively.
All sales are on credit. Each month’s credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at March 31 will be collected in April.
Each month’s ending inventory must equal 30% of next month’s cost of goods sold. The cost of goods sold is 70% of sales. The company pays for 40% of its merchandise purchases in the montth of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in April.
Monthly selling and administrative expenses are always $54,000. Each month $5,000 of this total amount is depreciation expense and the remaining $49,000 is spent for expenses that are paid in the month they are incurred.
The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase its own stock during the 2nd quarter.
How much is the company's expected merchandise purchases in the month of June?
$207,200
$214,200
$277,200
$214,900
The company expected $207,200 in merchandise purchases in the month of June. Option a. is correct.
To calculate the expected merchandise purchases in the month of June, we need to follow the provided information and calculations step by step.
Given information:
Sales for June will be $300,000.
Cost of goods sold is 70% of sales.
Each month's ending inventory must equal 30% of next month's cost of goods sold.
The company pays for 40% of merchandise purchases in the month of purchase and the remaining 60% in the month following the purchase.
All accounts payable at March 31 will be paid in April.
Step 1: Calculate the cost of goods sold for June.
Cost of goods sold for June = 70% of sales for June
= 70% * $300,000
= $210,000
Step 2: Calculate the ending inventory for July.
Ending inventory for July = 30% of the cost of goods sold for July
= 30% * $210,000
= $63,000
Step 3: Calculate the merchandise purchases needed to achieve the ending inventory for July.
Merchandise purchases for July = Ending inventory for July - Accounts payable on March 31
= $63,000 - $79,000 (accounts payable on March 31)
= -$16,000
Since the result is negative, it means the company already has enough inventory on hand to cover the required ending inventory for July. Therefore, there is no need to make additional merchandise purchases in June.
Therefore, the company's expected merchandise purchases in the month of June is $0. The answer options provided in the question do not include this possibility.
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Suppose the demand for oil is P=197Q-0.20. There are
two oil producers who form a cartel. Producing oil costs $6 per
barrel. What is the profit of each cartel member?
The profit of each cartel member can be calculated by determining the quantity of oil they produce and sell at the equilibrium price. The difference between the revenue from selling oil and the cost of production will give us the profit. The profit for each cartel member is approximately zero.
To find the profit of each cartel member, we need to determine the equilibrium quantity of oil and the corresponding price. Given the demand equation P=197Q-0.20, we can set this equal to the cost of production to find the equilibrium quantity.
Cost of production: $6 per barrel
Equilibrium price (P): $6
Substituting the equilibrium price into the demand equation, we have:
6 = 197Q - 0.20
Solving for Q, we find: 197Q = 6.20
Q ≈ 0.0314
Now, we can calculate the revenue and profit for each cartel member. Since there are two members, let's assume they split the quantity equally. Thus, each member produces approximately 0.0157 barrels of oil.
Revenue = Price x Quantity = $6 x 0.0157 ≈ $0.0942
Cost of production = $6 x 0.0157 = $0.0942
Profit = Revenue - Cost of production = $0.0942 - $0.0942 = $0
Therefore, the profit for each cartel member is approximately zero.
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All of the following are potential drawbacks to outsourcing EXCEPT:
a. loss of flexibility and control
b. low employee morale
c. greater focus on core business d. potential for data breaches
c. greater focus on core business
The potential drawbacks of outsourcing typically include the following:
a. loss of flexibility and control: Outsourcing may limit the organization's ability to make immediate changes or have direct control over the outsourced processes or activities.
b. low employee morale: Outsourcing can lead to job insecurity and decreased employee morale if it results in job losses or a perception of reduced job security.
d. potential for data breaches: Outsourcing certain functions may involve sharing sensitive data with external parties, increasing the risk of data breaches or unauthorized access to confidential information.
Option c, "greater focus on core business," is not a drawback of outsourcing. In fact, one of the main reasons organizations choose to outsource is to allow them to focus more on their core business activities by delegating non-core functions to external service providers.
This can lead to increased efficiency and specialization in the organization's primary areas of expertise.
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acquirer wants to estimate its maximum ce at an 8 percent discount rate and a terminal value in year 5 based on the perpetual growth equation with a 4 percen perpetual growth rate. Year 2 3 4 5 Free c
The maximum CE is computed by adding the PV of the expected FCF during the projection period (FY2-FY5) and the PV of the expected terminal value at the end of the projection period.
In order to calculate the maximum CE of the acquirer, the following steps can be used: Step 1: Calculate the Free Cash Flows (FCFs) for FY2 to FY5. (Note: FY1 is the current year and is not included in the calculation)Year 2 3 4 5Free c $2,500 $2,750 $3,025 $3,328(These figures are assumed for calculation purposes.)Step 2: Calculate the Terminal Value (TV) at the end of the projection period using the Perpetual Growth Rate formula. TV = FCFFn+1 / (r - g)Where, FCFFn+1 = Free Cash Flow in the next year = FY6= $3,328 x (1 + g) = $3,457.12r = Discount rate = 8%g = Perpetual growth rate = 4%Therefore, TV = $3,457.12 / (0.08 - 0.04) = $86,428Step 3: Calculate the Present Value (PV) of the FCFs and the TV using the discount rate of 8%.PV of FCF2 = $2,500 / (1 + 0.08)² = $2,137.56PV of FCF3 = $2,750 / (1 + 0.08)³ = $2,216.86PV of FCF4 = $3,025 / (1 + 0.08)⁴ = $2,307.91PV of FCF5 = $3,328 / (1 + 0.08)⁵ = $2,394.22PV of TV = $86,428 / (1 + 0.08)⁵ = $54,410.03Step 4: Calculate the Maximum CE by adding the PV of the FCFs and the PV of the TV. Maximum CE = PV of FCF2 + PV of FCF3 + PV of FCF4 + PV of FCF5 + PV of TV= $2,137.56 + $2,216.86 + $2,307.91 + $2,394.22 + $54,410.03= $63,466.58Therefore, the maximum CE of the acquirer is $63,466.58.
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Ms Mona Hull is in charge of a project to build a 50-foot yacht for a customer. Eight weeks remain for constructing the yacht. Assume that each week consists of 5 workdays, for a total lead time of 40 days. The work required to complete the yacht comprises 10 operations, 4 days for each including move time between operations. On Tuesday morning of week 3, 3 of the 10 operations had been completed and the yacht was waiting for the fourth operation. What is the critical ratio priority? (rounded to two decimal places) Gantt might help you solve this problem. o None of the answers provided. o .97 o 1.04 o 1.00
To determine the critical ratio priority, we need to calculate the critical ratio for the project. The critical ratio is calculated by dividing the time remaining until the project deadline by the time required to complete the remaining work.
Given that there are 8 weeks (40 workdays) remaining for the project and 3 operations have been completed, we can calculate the time remaining as follows: 40 - (3 * 4) = 28 workdays.
The time required to complete the remaining work is 10 operations * 4 days per operation = 40 days.
Now we can calculate the critical ratio: time remaining (28) divided by time required (40) = 0.7.
However, the options provided in the question do not match the calculated critical ratio. The closest option is "None of the answers provided." It seems there might be an error in the options provided. The correct answer should be "None of the answers provided."
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Tire and Spoke Manufacturing currently produces 1,000 bicycles
per month. The following per unit data apply for sales to regular
customers:
Direct materials £50
Direct manufacturing labour 5
Variable
Tire and Spoke Manufacturing produces 1,000 bicycles per month and incurs costs for direct materials, direct manufacturing labor, and variable overhead. The per unit data for sales to regular customers includes direct materials cost of £50, direct manufacturing labor cost of £5, and variable overhead cost. The total cost per unit can be calculated by summing up these costs.
Additionally, the company should consider other factors such as fixed overhead costs, pricing strategies, and market demand to determine the overall profitability of their bicycle production.
Tire and Spoke Manufacturing's cost structure for producing bicycles includes direct materials, direct manufacturing labor, and variable overhead costs. Direct materials cost per unit is £50, representing the expense of the raw materials used in the production process. Direct manufacturing labor cost per unit is £5, indicating the cost of labor required to assemble the bicycles. Variable overhead cost per unit accounts for other variable expenses related to production, such as utilities, maintenance, and indirect labor.
To determine the total cost per unit, these three costs should be summed up: direct materials (£50) + direct manufacturing labor (£5) + variable overhead. The variable overhead cost can vary based on factors like production volume and resource consumption.
It's important to note that the provided information does not include fixed overhead costs, which are incurred regardless of the production volume. These costs, such as rent, salaries of administrative staff, and depreciation of machinery, should be considered separately to calculate the total cost of production accurately.
Furthermore, determining the profitability of producing 1,000 bicycles per month requires considering pricing strategies, market demand, and potential competition. These factors affect the revenue generated from sales and should be evaluated in conjunction with the production costs. By analyzing both cost and revenue aspects, Tire and Spoke Manufacturing can make informed decisions to optimize their operations and achieve desired profitability levels.
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please typing or very clear hand writing thanks
c) $18000 is invested for 7 years 3 months. This investment is offered 8% compounded monthly for the first 4 years and 8% compounded quarterly for the rest of the period. Calculate the future value of
The future value of the investment can be calculated by dividing the investment period into two parts: the first 4 years with monthly compounding and the remaining period with quarterly compounding.
For the first 4 years, we can use the formula for monthly compounding to calculate the future value. The formula is: Future Value = Principal * (1 + (interest rate/number of compounding periods))^number of compounding periods * time. Substituting the values, the future value for the first 4 years is: Future Value (first 4 years) = $18000 * (1 + (0.08/12))^(12 * 4) * 4
For the remaining period, which is 3 months or 0.25 years, we can use the formula for quarterly compounding: Future Value (remaining period) = $18000 * (1 + (0.08/4))^(4 * 0.25) * 0.25. To calculate the total future value, we add the future values for the two periods together:Total Future Value = Future Value (first 4 years) + Future Value (remaining period)
Calculating the values using the formulas and summing them will give us the final future value of the investment.
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The master budget contains all of the following except O A. sales budget O B. direct labor budget O C. cash budget O D. a balanced score card QUESTION 27 ABC Company sells 100,000 ties for $12 per uni The master budget contains all of the following except O A. sales budget O B. direct labor budget O C. cash budget O D. a balanced score card
The master budget includes a range of financial reports that are prepared by an organization that include all of the following except the balanced scorecard. The balanced scorecard is a strategic management and performance tool that is used to identify and improve various internal business functions.
A sales budget, a direct labor budget, and a cash budget are the three most essential budgets that are a part of the master budget. It is a comprehensive business plan that integrates several functional areas of an organization. The sales budget predicts the total sales that the company will make in a given period.
A direct labor budget is used to calculate the cost of labor required to produce the budgeted production levels. A cash budget is an estimate of the company's inflow and outflow of cash over a particular period of time.
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The estimated capital investment and the annual expenses) for four alternative designs of a diesel-powered air compressor are shown below, as well as the estimated market value for each design at the end of the common five-year useful life. The study period is five years, and the MARR is 20% per year. One of the designs must be selected for the compressor, and each design provides the same level of service. On the basis of this information, (a) Determine the preferred design alternative, using the IRR method (b) Show that the FW method (i = MARR), using the incremental analysis procedure, results in the same decision. Design Alternative D1 D2 D3 D4 Capital investment $100,000 $140,600 $148,200 $122,000 Annual expenses 29,000 16,900 14,800 22,100 Useful life (years) 5 5 5 5 Market value 10,000 14,000 25,600 14,000
Based on the provided data and using the Internal Rate of Return (IRR) method, Design Alternative D3 is the preferred choice.
To determine the preferred design alternative using the IRR method, we calculate the IRR for each alternative. The IRR is the discount rate at which the net present value (NPV) of the cash flows becomes zero. The alternative with the highest IRR is considered the most favorable.
For Design Alternative D1:
Capital investment: $100,000
Annual expenses: $29,000
Market value: $10,000
The cash flows for each year are as follows: -100,000, 29,000, 29,000, 29,000, 29,000, 10,000
The future worth is calculated by compounding the annual expenses and market value over the useful life of the compressor. By applying the MARR (20%) as the interest rate, we find that the future worth for Design Alternative D3 is the highest among the alternatives, resulting in the same decision as the IRR method.
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Comparison of Public and Private Universities. (LO15-1 through LO15-3) Following are the operating statements for a public and private college. The operating statements have been adapted from the annual reports of a public and a private university. As would be expected, the reports are somewhat different. Catherine College is over 150 years old and has a student enrollment of 5,000. Midland State College is relatively new at 50 years of age and has a student enrollment of 6,704.CATHERINE COLLEGE Statements of Activities Years Ended June 30, 2020 and 2019 2020 2019 Without Donor With Donor Without Dono 2019 $14,390 1.403 5.639 47 21.479 MIDLAND STATE COLLEGE Statements of Revenues, Expenses, and Changes In Net Position For th Required Identify the reporting standards under which each statement was prepared and identify some of the format differences that are the result of the different reporting standards. What portion of the total revenues of Catherine College comes from tuition and fees?Fromstate appropriations? From grants and contributions? How do those amounts compare to those for Midland State College? Have amounts in these categories changed significantly for either college from the prior year? What is the operating net income/loss per student for each of the colleges?Do the colleges appear to be generating much income per student? Discuss some of the difficulties in determining the operating net income/loss for each of the colleges. In your opinion, which statement provides more transparent information with regard to any restrictions on the use of revenues, and on the amounts of restricted resources available?
The operating statements provided are from Catherine College and Midland State College, representing a public and private university, respectively. Catherine College follows the reporting standards of a nonprofit organization, while Midland State College adheres to the reporting standards for public institutions.
The format differences between the statements are a result of these distinct reporting standards. From the Catherine College statement, it can be determined that a significant portion of the total revenues comes from tuition and fees, followed by state appropriations and grants/contributions.
A comparison with Midland State College's figures would reveal the differences in revenue sources. To determine the operating net income/loss per student, the total net income/loss can be divided by the student enrollment. The discussion of difficulties in determining the operating net income/loss and the transparency of information regarding revenue restrictions would require further analysis.
Public and private universities adhere to different reporting standards, resulting in format differences.
What are the variations in reporting standards and formats between public and private universities?Public universities typically follow governmental reporting standards, such as the Governmental Accounting Standards Board (GASB), while private universities use the Financial Accounting Standards Board (FASB) reporting standards. These standards dictate the presentation and disclosure requirements for financial statements. Consequently, the operating statements for Catherine College and Midland State College, being a public and private institution respectively, reflect these differences.
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Your reflection will focus on the course and your performance. Reflect on yourself throughout the course. Address the 6 points below in your reflection. 1. Reflect on your initial attitude prior to starting this Innovation & Entrepreneurship course 2. How would you honestly evaluate your contribution and performance within this course? Use precise examples 3. Reflect on your creative confidence at the beginning and end of the course 4. What area/s of the course did you find to be valuable for your future (brief points) 5. What did you enjoy most in the course? 6. What did you enjoy least in the course?
The Innovation & Entrepreneurship course, undergone a significant personal and professional transformation.
Reflecting on my journey, I can address the following points:
Initial Attitude: Prior to starting the course, my attitude was a mixture of curiosity and skepticism. I was excited about exploring the world of innovation and entrepreneurship but also had reservations about my own abilities in these areas.Contribution and Performance: I would evaluate my contribution and performance within this course as consistently strong. I actively participated in class discussions, engaged in group projects, and consistently met assignment deadlines. For example, in our group project on developing a business plan for a social enterprise, I took the initiative to conduct market research and contributed innovative ideas for sustainable growth.Creative Confidence: At the beginning of the course, my creative confidence was relatively low. I hesitated to share my ideas and doubted their potential. However, as the course progressed, I gained confidence in my creative abilities.Learn more about Innovation & Entrepreneurship here
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You can buy a property today for $2.6 million and sell it in 6 years for $3.6 million. (You earn no rental income on the property) a. If the interest rate is 6%, what is the present value of the sales
If the interest rate is 6%, the present value of the sales proceeds from selling the property in 6 years for $3.6 million would be approximately $2.54 million.
To calculate the present value of the future sales proceeds, we can use the formula for the present value of a future cash flow.
The formula is:
Present Value = Future Value / (1 + r)^n
Where:
Future Value = Sales proceeds ($3.6 million)
r = Interest rate per period (6% or 0.06)
n = Number of periods (6)
Using the given values in the formula, we can calculate the present value of the sales proceeds:
Present Value = 3.6 million / (1 + 0.06)^6
Simplifying the expression:
Present Value = 3.6 million / (1.06)^6
Using a calculator, the value inside the parentheses, (1.06)^6, is approximately 1.4185. Plugging this value into the formula:
Present Value = 3.6 million / 1.4185
Calculating the expression:
Present Value = 2.54 million
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On January 1, 2021, Norwood borrows $540,000 cash from a bank by signing a five-year Installment note bearing 7% Interest. The note requires equal payments of $131,701 each year on December 31. Requir
The total interest expense over the life of the note can be calculated by subtracting the principal amount from the total payments made. To calculate the interest expense for each year, we can subtract the remaining principal balance at the beginning of the year from the total payment made for that year.
Year 1: Interest expense = Total payment - Remaining principal balance
Total payment = $131,701
Remaining principal balance = $540,000
Interest expense = $131,701 - $540,000 = -$408,299 (Negative indicates a reduction in principal)
Year 2: Interest expense = Total payment - Remaining principal balance
Total payment = $131,701
Remaining principal balance = $540,000 - $131,701 = $408,299
Interest expense = $131,701 - $408,299 = -$276,598 (Negative indicates a reduction in principal)
Year 3: Interest expense = Total payment - Remaining principal balance
Total payment = $131,701
Remaining principal balance = $408,299 - $131,701 = $276,598
Interest expense = $131,701 - $276,598 = -$144,897 (Negative indicates a reduction in principal)
Year 4: Interest expense = Total payment - Remaining principal balance
Total payment = $131,701
Remaining principal balance = $276,598 - $131,701 = $144,897
Interest expense = $131,701 - $144,897 = -$13,196 (Negative indicates a reduction in principal)
Year 5: Interest expense = Total payment - Remaining principal balance
Total payment = $131,701
Remaining principal balance = $144,897 - $131,701 = $13,196
Interest expense = $131,701 - $13,196 = $118,505
Therefore, the interest expense for each year is as follows: Year 1: -$408,299 Year 2: -$276,598 Year 3: -$144,897 Year 4: -$13,196 Year 5: $118,505
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how much will a $100 tax cut increase disposable income? how much will it increase consumption? (hint: mpc
A $100 tax cut would raise disposable income by $80 and would increase consumption by $64. MPC is frequently used to estimate the impact of a tax cut on disposable income and consumption.
The marginal propensity to consume (MPC) refers to the proportion of a person's additional income that they devote to consumption. To calculate how much a $100 tax cut will increase disposable income and consumption, we need to know the MPC. We'll assume an MPC of 0.8 for this example.
The formula to calculate the increase in disposable income is given as:
ΔYD = ΔY(1-t)
Where,ΔY = Change in income and t = tax rate.
Substituting the values in the above formula,
ΔYD = $100(1-0.2)
ΔYD = $80
The increase in consumption can be calculated using the formula below:
ΔC = MPC x ΔYD
Where, ΔYD = Change in disposable income
MPC = Marginal propensity to consume
Substituting the values in the above formula,
ΔC = 0.8 x $80
ΔC = $64
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