You are graduating from college at the end of this semester and after reading the The Business of Life box in this chapter, you have decided to invest
$5,200 at the end of each year into a Roth IRA for the next 47 years. If you earn 8 percent compounded annually on your investment, how much will you have when you retire in
47 years? How much will you have if you wait 10 years before beginning to save and only make 37 payments into your retirement account?
Answers
To calculate the future value of your investment in a Roth IRA, we can use the formula for the future value of an ordinary annuity.
1. Investing $5,200 at the end of each year for 47 years at an 8% interest rate compounded annually:
Future Value = Payment × [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
Future Value = $5,200 × [(1 + 0.08)^47 - 1] / 0.08
Calculating this using a financial calculator or spreadsheet, the future value of your investment after 47 years would be approximately $2,017,529.74.
2. Waiting 10 years before beginning to save and making 37 payments into your retirement account:
In this scenario, you will have 37 years of investment instead of 47.
Future Value = $5,200 × [(1 + 0.08)^37 - 1] / 0.08
Using the same calculation, the future value of your investment after 37 years would be approximately $1,050,288.18.
Explanation:
For the first scenario, you are investing $5,200 per year for 47 years, taking advantage of the power of compounding. The formula for the future value of an ordinary annuity allows us to calculate the accumulated amount based on the payment, interest rate, and the number of periods.
In the second scenario, you delay your savings for 10 years, resulting in a shorter investment period of 37 years. As a result, the future value of your investment is lower compared to the first scenario because you have fewer years to contribute and benefit from compounding growth.
It's important to note that these calculations assume a constant annual contribution of $5,200 and an 8% interest rate compounded annually. Real-world investment returns may vary, and it's recommended to consult with a financial advisor for personalized advice based on your specific circumstances.
To know more about Investment visit-
brainly.com/question/16781185
#SPJ11
Related Questions
Harper Corporation recently sold a used machine for $50,000. The machine had a book value of $75,000 at the time of the sale. What is the after-tax cash flow from the sale, assuming the company's marginal tax rate is 25 percent
Answers
The after-tax cash flow from the sale, assuming the company's marginal tax rate is 25 percent, is $43,750.
To compute the after-tax cash flow from the sale, assuming the company's marginal tax rate is 25 percent, we have to use the formula given below:
After-tax cash flow = Proceeds from sale - Taxes on sale
Proceeds from the sale = $50,000
Book value of the machine = $75,000
As the book value of the machine ($75,000) is more than the proceeds from the sale ($50,000), it implies that the company made a loss of $25,000 on the sale.
The loss on sale is tax-deductible, so the taxes on the sale can be calculated as follows:
Taxes on sale = Tax rate x Loss on sale
Taxes on sale = 25% x $25,000
Taxes on sale = $6,250
Therefore, the after-tax cash flow from the sale can be calculated as follows:
After-tax cash flow = Proceeds from sale - Taxes on sale
After-tax cash flow = $50,000 - $6,250
After-tax cash flow = $43,750
For more about cash flow:
https://brainly.com/question/27994727
#SPJ11
Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income.
Answers
The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
The degree of operating leverage (DOL) is a multiple that evaluates how much a company's operating income changes in response to changes in sales.
Companies with a high proportion of fixed costs (or costs that do not change with production volume) to variable costs (costs that change with production volume) have greater operating leverage.
The DOL ratio helps analysts determine the impact of a change in sales on a company's earnings or profit.
The sensitivity of net operating income to percentage changes in sales is measured by the degree of operating leverage.
Determine how a percentage change in sales volume affects profits at any given level of sales.
Sensitivity is higher because of a lower net income, increased fixed expenses, and increased commissions.
Hence, The degree of operating leverage at a particular level of sales is calculated by dividing the contribution margin by net operating income.
Learn more about operating leverage:
https://brainly.com/question/9212451
#SPJ4
When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Answers
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
https://brainly.com/question/1249089
#SPJ4
during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Answers
Given:
Price of one share in 1980 = $\(17\dfrac14\)
Price of one share in 1989 = $\(56\dfrac18\).
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = \(56\dfrac18-17\dfrac14\)
= \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)
= \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)
= \(\dfrac{449-138}{8}\)
= \(\dfrac{311}{8}\)
Value of one share increased by $\(\dfrac{311}{8}\).
Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)
= \(\dfrac{31100}{8}\)
= \(\dfrac{7775}{2}\)
= \(3887.5\)
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
Business Math!
Your budget says that savings should be 11% of income. If you earn $1,500.00 a month, how much should
you save in a year?
$1.880.20
$1,880.00
$1,780.00
$1,980.00
Answers
Answer:
$1,980.00
Explanation:
$1,500.00 * 0.11 = $165.00
$165.00 * 12 months = $1,980.00
You should save $1,980.00 in a year.
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
How do office assistants show enthusiasm?
Answers
Answer:
I think things you can do to show enthusiasm are:
1. showing in your work (even if it is not your favorite)
2. Think on the bright side.
3. Smile, sit up straight, make eye contact with co-workers, and talk in a upbeat manner.
Hope this helps!!!
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
SKATEBOARDERS. WHAT ARE SOME DISADVANTAGES AND ADVANTAGES OF YOUR SKATEBOARD?
What would you change if you could. Just wondering
Answers
Answer:
uh how i fall off sometimes disadvandage and it going right for me advandage
Explanation:
Required: Journal entry Received Rs.18,000 from debtors and discount allowed him Rs. 2,000. please help.
Answers
Answer:
If there was a discount allowed of Rs. 2,000 then it means that the total amount the debtor was owing was:
= Cash paid by debtor + Discount allowed
= 18,000 + 2,000
= Rs. 20,000
Journal entry is therefore:
Date Account Title Debit Credit
XX-XX-XXXX Cash $18,000
Discount allowed $ 2,000
Accounts Receivable $20,000
People need to have ____ in the economy to spend money.
A) less disposable income
B) confidence
C) purchasing power
Answers
Answer:
B) confidence
Explanation:
Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.
High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.
Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answers
Answer:
d
Explanation:
List some events that increase and decrease an investor's at-risk amount. What are some strategies that a taxpayer can employ to increase the at-risk amount in order to claim a higher deduction for losses?
Answers
The events that increase an investor's at-risk amount are cash or other property contributed by the investor and loans and interest which investor is personally liable for.
The events that decrease an investor's at-risk amount are cash or other property borrowed from another party and payments to investors' related party.
Strategies a taxpayer can use to increase the at-risk amount to claim a higher deduction for losses are making contribution at the beginning of the year, acquire loan in their own name, and borrow funds from a person who is not related.
Here are some events that increase or decrease an investor's at-risk amount:
Events that increase an investor's at-risk amount are:
Cash or other property contributed to the activity by the investor. This is the original at-risk sum.Loans acquired by the investor for which the investor is personally liable for repayment. In the year in which the loan is acquired, the loan amount is included in the at-risk amount. The at-risk amount is reduced by repayments on the loan if the investor is liable for the repayment.Interest incurred by the investor on a loan acquired for the activity by another person who is the person who is liable for repayment. The investor is only allowed to take into account the interest on the outstanding loan amount during the year in which it is paid.Events that decrease an investor's at-risk amount are:
Cash or other property borrowed by the investor from another party. The borrowed funds are not included in the at-risk amount.Payments to the investor's related party (family member or business partner). It is vital to note that the payment must be for items other than goods or services provided in the normal course of the activity, and it must be more than the fair market value. This reduces the investor's at-risk sum.However, some strategies that a taxpayer can use to increase the at-risk amount to claim a higher deduction for losses are:
The taxpayer can make a cash or property contribution to the activity at the beginning of the year. This will increase the original at-risk amount.The taxpayer can acquire a loan in their own name, for which they are liable for repayment, at the beginning of the year. This loan amount is included in the at-risk sum for the year in which it is acquired. The at-risk amount is reduced by repayments on the loan if the taxpayer is liable for the repayment. This will increase the at-risk amount.The taxpayer can borrow funds from a person who is not related to them or their spouse. The borrowed funds are included in the at-risk amount. This will increase the at-risk amount.By employing these strategies, a taxpayer can increase their at-risk amount, allowing them to claim higher deductions for losses and potentially reducing their overall tax liability.
Learn more about Taxpayer:
https://brainly.com/question/28735352
#SPJ11
Photo Industries has owned 80 percent of Shutter Corporation for many years. On January 1, 20X6, Photo paid Shutter $270,000 to acquire equipment that Shutter had purchased on January 1, 20X3, for $300,000. The equipment is expected to have no scrap value and is depreciated over a 15-year useful life.
Photo reported operating earnings of $100,000 for 20X8 and paid dividends of $40,000. Shutter reported net income of $40,000 and paid dividends of $20,000 in 20X8. (Leave no cell blank, enter "0" wherever required.)
Required:
a. Compute the amount reported as consolidated net income for 20X8.
b. By what amount would consolidated net income change if the equipment sale had been a downstream sale rather than an upstream sale?
c. Prepare the consolidation entry or entries required to eliminate the effects of the intercompany sale of equipment in preparing a full set of consolidated financial statements at December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
To compute the amount reported as consolidated net income for 20X8, we need to consolidate the net income of Photo Industries and Shutter Corporation.
Consolidated net income = Photo's net income + Shutter's net income - Shutter's share of Photo's net income
Photo's net income = $100,000
Shutter's net income = $40,000
Shutter's share of Photo's net income = Shutter's ownership percentage * Photo's net income
Given that Photo owns 80% of Shutter, Shutter's share of Photo's net income = 80% * $100,000 = $80,000
Consolidated net income = $100,000 + $40,000 - $80,000 = $60,000
Therefore, the amount reported as consolidated net income for 20X8 is $60,000.
b. If the equipment sale had been a downstream sale rather than an upstream sale, it means that Shutter Corporation sold the equipment to Photo Industries. In this case, the consolidated net income would change because the profit on the sale of equipment would be recognized.
To calculate the change in consolidated net income, we need to determine the profit on the sale of equipment:
Profit on the sale of equipment = Sale price - Book value
Since the equipment was purchased by Shutter for $300,000 and it has a useful life of 15 years with no scrap value, the book value at the time of sale would be:
Book value = Cost - Accumulated depreciation
Book value = $300,000 - (3/15 * $300,000) = $240,000
Assuming the sale price is $270,000, the profit on the sale would be:
Profit on the sale of equipment = $270,000 - $240,000 = $30,000
Therefore, if the equipment sale had been a downstream sale, the consolidated net income would increase by $30,000.
c. To eliminate the effects of the intercompany sale of equipment in preparing consolidated financial statements, we need to eliminate the intercompany gain or loss on the sale. Since the sale was an upstream sale (Photo bought the equipment from Shutter), we need to eliminate the gain recognized by Shutter on the sale.
The consolidation entry would be as follows:
Debit: Equipment (elimination entry) $30,000
Credit: Gain on Sale of Equipment (elimination entry) $30,000
This entry removes the gain on the sale of equipment recognized by Shutter, ensuring that the consolidated financial statements reflect the transaction at cost.
Note: The specific account names may vary depending on the chart of accounts and accounting policies used by the company.
To know more about net income visit:
https://brainly.com/question/32614743
#SPJ11
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
Learn more about cost here:
https://brainly.com/question/15135554
#SPJ2
How are SI units supportive to traders?
Answers
Some common SI units
Mass=KgTemperature=KLuminous intensity=CandelaCurrent=AmperePressure=PaWhat would you expect to find among the elements of a lease?
Answers
Parties involved, property description, terms and duration, rent and payment details, rights and responsibilities, use and restrictions, renewal and termination provisions, dispute resolution, and additional provisions are typically found in a lease agreement.
**Among the elements of a lease**, you would typically expect to find the following:
1. **Parties involved**: The lease agreement identifies the parties involved, including the lessor (owner of the property) and the lessee (the individual or entity leasing the property).
2. **Description of the property**: The lease provides a detailed description of the property being leased, including its location, size, and any specific characteristics or features.
3. **Terms and duration**: The lease outlines the specific terms and duration of the lease, including the start and end dates, renewal options, and any conditions for termination or early termination.
4. **Rent and payment details**: The lease specifies the amount of rent to be paid, the frequency of payment (e.g., monthly), and the accepted methods of payment. It may also include information on any security deposit or additional fees.
5. **Rights and responsibilities**: The lease defines the rights and responsibilities of both the lessor and the lessee. This may include obligations related to property maintenance, utilities, insurance, alterations, and repairs.
6. **Use and restrictions**: The lease may outline any restrictions or permitted uses of the property, such as limitations on subleasing or specific purposes for commercial properties.
7. **Renewal and termination**: The lease may include provisions for lease renewal, including any changes in terms or rental rates. It also addresses conditions and procedures for lease termination, such as notice periods or penalties.
8. **Dispute resolution**: The lease may specify mechanisms for resolving disputes between the lessor and lessee, such as mediation or arbitration.
9. **Additional provisions**: Depending on the nature of the lease, additional provisions may be included, such as clauses for maintenance responsibilities, insurance requirements, or any special conditions agreed upon by both parties.
It's important to note that the specific elements and details of a lease may vary depending on the jurisdiction, type of property, and the agreements made between the parties involved.
learn more about "payment ":- https://brainly.com/question/30157678
#SPJ11
Which one of the following increases the probability that a bond will be called? O 1. The call premium is relatively high O 2. The bond was issued within the past year O 3. The bond is within the call protection period 4. The bond is selling at par O 5. Market interest rates decline
Answers
The correct answer is Option 5: Market interest rates decline.When market interest rates decline, it becomes more attractive for issuers to call their existing bonds and refinance them at lower interest rates.
This increases the probability that a bond will be called before its maturity date.The call premium, as mentioned in Option 1, is the amount paid by the issuer to call the bond, and it does not directly influence the probability of a bond being called. Option 2, stating that the bond was issued within the past year, is not necessarily a determining factor for bond calls. Option 3, mentioning the call protection period, actually reduces the probability of a bond being called during that period. Option 4, stating that the bond is selling at par, does not affect the likelihood of a bond being called.Therefore, the decrease in market interest rates, as mentioned in Option 5, is the most significant factor that increases the probability of a bond being called.
To learn more about rates , click here : https://brainly.com/question/25565101
#SPJ11
Suppose that business travelers and vacationers have the following demand for airline
tickets from Los Angeles to San Francisco:
Price
$150
$200
$250
$300
Quantity Demanded
(business travelers)
35,000
30,000
26,000
20,000
Quantity Demanded
(vacationers)
25,000
21,000
14,500
11,000
1. As the price of tickets rises from $200 to $250, what is the price elasticity for both
(a) business travelers and (b) vacationers ?
2. Why might vacationers have a different elasticity than business travelers?
3. What would be the Exact Quantity Demanded and change in Total Revenue if the
Airlines Change the Price for Business Travelers from $200 to $230?
Answers
what opportunities are available for people aspiring to become entrepreneurs?
Answers
to invest in multiple businesses
angel investors
crowdfunding
quality content
foreign markets
the social power of the internet
startup incubators
During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.
Answers
The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.
What is a snow storm?When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.
These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.
Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.
Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.
Learn more about snow storm, here
https://brainly.com/question/29697260
#SPJ1
1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answers
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
a trader has a put option contract to sell 100 shares of a stock for a strike price of $60. consider the following scenarios: i. a $2 dividend being declared ii. a $2 dividend being paid iii. a 5-for-2 stock split iv. a 5% stock dividend being paid. use the information above to answer the following question: what is the effect on the terms of the contract of scenario iv? the put option contract gives the right to sell 95 shares for $56.86 the put option contract gives the right to sell 105 shares for $57.14 no effect. the put option contract gives the right to buy 105 shares for $57.14 the put option contract gives the right to buy 95 shares for $56.86
Answers
The correct option is that the put option contract gives the right to sell 105 shares for $57.14 in scenario iv.
Scenario iv involves a 5% stock dividend being paid, which means that the company is issuing additional shares of stock to its shareholders. This has an effect on the terms of the put option contract that the trader holds.
When a stock dividend is paid, the number of shares outstanding increases, but the value of the company remains the same. As a result, the price per share decreases. In this case, the price per share would decrease by 5%. This means that the strike price of $60 would also be adjusted downwards by 5% to $57.
As a result of this adjustment, the put option contract would give the right to sell 105 shares for $57.14, instead of the original 100 shares for $60. This is because the trader would still have the right to sell the same proportion of shares at the adjusted strike price.
It is important to note that this adjustment is standard practice when a stock dividend is paid, and traders should be aware of the potential impact on their contracts.
Know more about the stock dividend
https://brainly.com/question/29555432
#SPJ11
A soda manufacturer has two operating departments: mixing and bottling. mixing has 600 employees and bottling has 400 employees. office costs of $320,000 are allocated to operating departments based on the number of employees. the office costs allocated to the bottling department are:
Answers
Cost allocation is a technique of allocating the organization's costs among the various cost centers of the organization. Thus, the office costs allocated to the Bottling department are equal to $128,000.
What are allocation costs?Cost allocation is a technique of supplying relief to shared carrier organization's cost facilities that offer a product or provider. In turn, the related cost is assigned to internal clients' price centers that devour the goods and services.
As per the given information,
Total office costs: $320,000
We have given total number of employees for mixing = 600
And total number of employees for bottling = 400
office costs = $320,000
So total number of employees is equal to 600 plus 400 is 1000 employees.
\(\rm\,Allocation \,Base\, For\, Mixing: \frac{600}{1,000} = 0.6 \\\\So allocated amount for mixing is 0.6 \times \$320,000 = \$192,000\\\\Allocation \,Base\, for\, Bottling\, = \dfrac{400}{1,000} = 0.4\\\\So allocated amount for bottling = 0.4 \times \$320,000= \$128,000\)
Thus, the office costs allocated to the Bottling department is equal to $128,000.
Learn more about allocation costs here:
https://brainly.com/question/26656438
#SPJ1
A society that values economic equity seeks to ©
A. provide its poorer members with food, shelter, and health care to live
decently.
B. ensure that the good and services we rely on are always there.
C. provide a job to everyone who seeks one.
D. give everyone a fair share of the economic pie.
Answers
Answer:
D. give everyone a fair share of the economic pie.
Explanation:
The correct option is - D. give everyone a fair share of the economic pie.
Reason -
Economic equity is about a level playing field where everyone has a same excess to a same wealth.
What are some factors that would influence supply? Explain
Answers
Answer:
6 Factors Affecting the Supply of a Commodity (Individual Supply) |
Price of the given Commodity: ADVERTISEMENTS: ...
Prices of Other Goods: ...
Prices of Factors of Production (inputs): ...
State of Technology: ...
Government Policy (Taxation Policy): ...
Goals / Objectives of the firm:
Explanation:
Please mark as brain list
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
Answers
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
Learn more about Balance Sheet here: brainly.com/question/25225110
#SPJ1
The three-step process to determine cash provided or used by financing activities includes all of the following steps except: Multiple choice question. determine the cash effects using reconstruction analysis. identify changes in financing-related accounts. report their cash flow effects. identify an increase or decrease in cash.
Answers
In a cash flow, there are some steps taken for easy transaction. The three-stage process to determine cash provided or used by financing activities includes all of the following steps except to identify an increase or decrease in cash.
Transactions are grouped into the three types of activities in the statement of cash flows. they are operating, investing, and financing.
The three-step analysis to determine cash provided or used by investing activities includes:
To reporting the cash flow effects To identify changes in investing-related accounts To explain the changes using T-accounts and reconstructed entriesThe cash flow types is often used by companies to track and analyze to know the liquidity and solvency of the business.
Learn more from
https://brainly.com/question/16100882
Answer: identify an increase or decrease in cash.
Explanation:
The most likely reason for a sole trader to change into a private limited company is because it
wants:
a. To share its financial accounts with the public
b. To raise additional finance
C. To benefit from unlimited liability
d. to avoid business continuity
Answers
Which of the following are correct statements about the nontax characteristics of a charitable lead trust?
The income stream must be paid for the lifetime of the beneficiary.
The grantor of the trust receives a charitable income tax deduction in the year the trust is funded.
The trust must distribute the remainder interest in the corpus to a noncharitable beneficiary.
The trust must distribute the remainder interest in the corpus to a charitable beneficiary.
Answers
The income stream must be paid for the lifetime of the beneficiary. The trust must distribute the remainder interest in the corpus to a noncharitable beneficiary.
The income stream must be paid for the lifetime of the beneficiary: A charitable lead trust involves making payments to a charitable organization for a specific period. These payments are referred to as the income stream. The trust agreement typically specifies the duration for which the income stream will be paid, which can be for the lifetime of the beneficiary, a fixed number of years, or a combination of both. However, it is correct to say that the income stream can be paid for the lifetime of the beneficiary.
The trust must distribute the remainder interest in the corpus to a noncharitable beneficiary: After the specified period for the income stream ends, the remaining assets in the trust, known as the remainder interest in the corpus, are distributed to a beneficiary. In the case of a charitable lead trust, the beneficiary of the remainder interest must be a noncharitable entity, such as an individual or a noncharitable organization. This distinguishes a charitable lead trust from a charitable remainder trust, where the remainder interest is distributed to a charitable beneficiary.
The nontax characteristics of a charitable lead trust include the requirement to pay an income stream for the lifetime of the beneficiary and the distribution of the remainder interest in the corpus to a noncharitable beneficiary. It is important to consult with a financial or legal professional to fully understand the complexities and specific details of setting up and managing a charitable lead trust.
To know more about Trust visit:
https://brainly.com/question/13457976
#SPJ11