Finance Homework Questions & Answers Archive

Find the annual simple interest rate (in percent) on a 3 -month loan of 4,000 if the maturity value of the loan is 4,120.

Donald's home was recently destroyed by a fire. He made an insurance claim for 250,000. Who is responsible for paying him the 250,000? A. the policyholder B. the insurer C. the person with power of attorney D. the rider

Select all that apply Which three activities are part of the function of accounting? - planning financial transactions - interpreting financial transactions - classifying financial transactions - recording financial transactions - prioritizing financial transactions

Lab Assessment Question 19, P6-53 (similar to) Part 4 of 4 HW Score: 55%, 11 of 20 points Points: 0 of 1 Save (Comprehensive problem) You would like to have 54,000 in 13 years. To accumulate this amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) c. At the end of five years, you will receive 15,000 and deposit this in the bank toward your goal of 54,000 at the end of year 13. In addition to the lump-sum deposit, how much must you deposit in equal annual amounts, beginning in year 1 to reach your goal? (Again, assume you can earn 6 percent on your deposits.) a. How much must you deposit annually to accumulate this amount? 2859.85 (Round to the nearest cent.) b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should the lump-sum deposit be? 25317.31 (Round to the nearest cent.) c. If you deposit 15,000 received at the end of five years in the bank, what will the amount grow to by the end of year 13? 23907.72 (Round to the nearest cent) In addition to the lump-sum deposit, how much must you deposit in equal annual amounts, beginning in year 1 to reach your goal? (Round to the nearest cent.)

Assume an economy where there are two producers: a computer components producer and a computer producer. Assume the computer components producer makes 3,000,000 worth of computer components in the current year, while incurring costs of 1,500,000 in labor and 500,000 in taxes. Suppose the computer components company sells all its product to the computer producer who builds five supercomputers. The costs of the computer producer include 3,000,000 in computer components, 800,000 in labor, and 200,000 in taxes. Suppose that the computer producer sells two of the supercomputers for 1,000,000 each to the domestic government, 1 supercomputer for 1,000,000 to a foreign government, and at the end of the year it had not sold the fourth and fifth computer. The unsold computers are carried on the computer manufacturer's books as an 2,000,000 increase in inventory. Using the income approach, what is the total cost for the computer producer? 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000

S02-01 Building a Balance Sheet [LO1] Burrow, Incorporated, has current assets of 5,200, net fixed assets of 27,300, current liabilities of 4,100, and long-term debt of 10,900. a. What is the value of the shareholders' equity account for this firm? Note: Do not round intermediate calculations. b. How much is net working capital? Note: Do not round intermediate calculations. a. Shareholders' equity b. Net working capital

Determine the net income of a company for which the following information is available for the month of September. Service revenue 320,000 Rent expense 58,000 Utilities expense 4,200 Salaries expense 91,000

A company receives 450 in February for services that will be performed in March. In March, the adjusting entry is recorded as: Multiple Choice Debit Service Revenue 450, Credit Deferred Revenue 450 Debit Deferred Revenue 450, Credit Service Revenue 450 Debit Cash 450, Credit Deferred Revenue 450 Debit Cash 450, Credit Service Revenue 450

A realistic budget should include: a. vacations. b. all of the above. c. insurance. d. uniforms.

A team wants to create custom reusable water bottles. The team members need to compare the cost between two companies to make them. Waterworks charges 50 for a setup fee and 5 per bottle. Bottlemania charges 14 for a setup fee and 8 per bottle. Here is a graph that represents the costs at each company.

If 500 is deposited in an account and after 1 year, there is 2295 in the account. How much interest was earned?

In an economy such as ours, banks help us exchange goods and services for money or other financial assets. Because of this, they are considered a critical intermediary in what system?

Two brothers, Mark and Walter, each inherit 18000. Mark invests his inheritance in a savings account with an annual return of 2.7%, while Walter invests his inheritance in a CD paying 5% annually. How much more money than Mark does Walter have after 1 year?

Who is credited with documenting the double-entry accounting system?

Susan is the owner of a company in which she originally Invested 10,500. On her most recent balance sheet her liabilities total 3,000 and her assets total 19,000. Which of the following is the correct total of Susan's equity? 7,500 22,000 16,000 13,500

Selected data from the financial statements of eMonstore.com for the last three years are as follows: Year 3 Year 2 Year 1 ------------ Total assets 679,000 807,000 832,000 Net credit sales 907,000 660,000 712,000 Accounts receivable 89,100 76,800 74,800 Calculate eMonstore.com's accounts receivable turnover ratio for Years 2 and 3. Round answers to two decimal places. Year 3 times Year 2 times Year 3 days Year 2 days

Enzel goes online to buy a graphing calculator. He finds a site that currently has a promotion of 15% off on all orders over 50. Enzel decides to buy his graphing calculator, with a price tag of 83, at this site because he knows that he will get the 15% discount when he checks out. Enzel pays 4.5% sales tax on the discounted price and pays a shipping fee of 6.35. What is the total of Enzel's online purchase? a. 80.07 b. 80.36 c. 86.74 d. 93.09

ERNST CONSULTING Income Statement

Problem 1-7A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 [The following information applies to the questions displayed below] Gabl Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested 42,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid 2,500 cash for May's rent. May 3 The company purchased 1,950 of equipment on credit. May 5 The company paid 730 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected 5,200 cash. May 12 The company provided 2,800 of consulting services for a client on credit. May 15 The company paid 75 cash for an assistant's salary for the first half of this month. May 22 The company provided 4,000 of consulting services on credit. May 25 The company received 4,000 cash payment for the services provided on May 22. May 26 The company paid 1,950 cash for the equipment purchased on May 3. May 27 The company purchased 85 of equipment on credit. May 28 The company paid 750 cash for an assistant's salary for the second half of this month. May 30 The company paid 350 cash for this month's telephone bill. May 30 The company paid 27 cash for this month's utilities. May 31 The company paid 1,500 cash in dividends to the owner (sole shareholder).

If the Bank of Canada wanted to reduce inflation, it could Select one: a. decrease the reserve requirement or implement an open market sale. b. increase the reserve requirement or implement an open market purchase. c. increase the reserve requirement or implement an open market sale. d. decrease the reserve requirement or implement an open market purchase.

5. Managerial accounting provides performance reports to internal users. Which of the following is considered an advantage of performance reports? a. Performance reports allow management to identify any large amounts of scrap materials or employee downtime. b. A report could analyze the potential efficiencies and dollar savings of purchasing computerized equipment to speed up the production process. c. A report could analyze how many units need to be sold to cover operating costs and expenses and used to set monthly selling targets and bonuses for sales personnel. d. All of these choices are correct.

a) Monte a árvore da estrutura do produto com seus diferentes níveis e quantidades. b) Efetue o Cálculo de Necessidades de Materiais (MRP) para o produto Y e para os seus componentes buscando o mínimo de estoques. Item X - nível 0 (1 ponto) Item - nível 1 (1 ponto) Item - nível 2 (1 ponto)

Determine the confidence coefficient (decision rule) for the following situation (round your answer to 2 decimal points. In cases where you have two confidence coefficients, provide one of the two possible answers): HO: μ=4.55, HA: μ ≠ 4.55, n=35, α=0.05

An office employee earns 750 weekly. Find the equivalent earnings if paid biweekly, semimonthly, monthly, and annually. What is the biweekly salary equivalent to a weekly salary of 750?

In large firms, financial activity is usually associated with which top officer?

The estimate of that person's hourly wage is approximately 30. (Round to the nearest dollar as needed.) Use 52 weeks a year to find the actual hourly wage. The actual hourly wage is (Round to the nearest cent as needed.)

Using the documentation from the bank and from Caroline's check register, construct the bank reconciliation statement for November 26. Hint: Any items that you enter into the bank reconciliation statement should be entered in the order in which they appeared on the account ledger and bank statement.

Lily Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining (machine hours) and machine setup (number of setups). The total estimated machine hours is 2,400, and the total estimated number of setups is 500. Presented below is information related to the company's operations. - Standard Custom - Direct labor costs: 50,000 100,000 - Machine hours: 1,200 1,200 - Number of setups: 90 410 Total estimated overhead costs are 297,000. Overhead cost allocated to the machining activity cost pool is 192,000, and 105,000 is allocated to the machine setup activity cost pool. Compute the overhead rate using the traditional (plantwide) approach information related to each product's use of cost drivers. (Round answer to 0 decimal places, e.g. 12.) Predetermined overhead rate % of direct labor cost

Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. - Overhead cost: Budgeted 1,378,850, Actual 1,351,850 - Machine hours: Budgeted 56,300, Actual 46,500 - Direct labor hours: Budgeted 109,000, Actual 105,000 Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate per direct labor hour

Suppose 18,000 is deposited into an account paying 8.5% interest, compounded continuously. How much money is in the account after 10 years if no withdrawals or additional deposits are made? 44,782.30 43,278.39 42,113.64 43,878.62

A finance analyst is examining the contributions of three projects on company productivity. Project A represents 10% of resources (with a 50% success rate), Project B represents 30% of resources (with a 60% success rate), and Project C represents 60% of resources (with a 90% success rate). Calculate the weighted average success rate for the company. 58 % 67 % 77 % 54 %

4 Two important concerns of retail property users are Select one: a. Environmental regulations and access by suppliers. b. Costs of occupancy and building efficiency. c. Quality of life and dwelling amenities. d. Trade area population and spending patterns.

The clause in a trust deed or mortgage that permits the lender to declare the entire unpaid balance immediately due and payable upon default is the Select one: a. acceleration clause. b. escalator clause. c. judgment clause. d. forfeiture clause.

The refusal of a lending institution to make a residential real estate loan strictly because of the racial or ethnic composition of the neighborhood is called Select one: a. blockbusting. b. panic peddling. C. steering. d. redlining.

Pregunta 3 6,25 puntos Si el costo variable unitario de comercialización es de 200 (10% sobre el precio), el costo variable unitario de producción es 600, las unidades vendidas fueron 3.000 y el costo fijo total es 6.000.000. El punto de equilibrio en valores es: (A) 9.000.000 (B) 12.000.000 (C) 10.000.000 (D) 11.500.000

Question 6 of 8, Step 2 of 2 8 / 12 Correct A quality-conscious disk manufacturer wishes to know the fraction of disks his company makes which are defective. Step 2 of 2: Suppose a sample of 865 floppy disks is drawn. Of these disks, 69 were defective. Using the data, construct the 95% confidence interval for the population proportion of disks which are defective. Round your answers to three decimal places. Lower endpoint: Upper endpoint:

Find the simple interest payable on 16000 for 8 years at 12% p.a.

Internal rate of return A project is estimated to cost 402,360 and provide annual net cash flows of 120,000 for 5 years. Present Value of an Annuity of 1 at Compound Interest Year 6 % 10 % 12 % 15 % 20 % 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of 1 at Compound Interest table shown above %.

Which of these correctly defines a role of investments? Investments are concerned with which operations should be conducted overseas. Investments address the timing of cash flows most desired by investors. Investments are concerned with helping banks determine the amount of capital they can lend. Investments addresses which projects a firm should finance.

Refer to the accompanying figure. At a price of 2, the total expenditure on lattes each hour equals Select one: a. 40. b. 80. c. 30. d. 60.

564,024,000

A movie theater marks up the candy it sells by 350%. If a box of candy sells for 8.10 at the theater, how much did the theater pay for the box?

Suponga que cuenta con el siguiente Estado de Situación Financiera (Balance) resumido de dos años consecutivos (años 1 y 2). Indique cuál de las siguientes aseveraciones es correcta respecto al balance entregado (aproxime a la unidad en sus cálculos): a. La variación del Total de Patrimonio entre el año 1 y 2 es de un 6% aproximadamente. b. La variación de los Activos fijos entre el año 1 y 2 es de un 3% aproximadamente. c. La variación del Total de Activos entre el año 1 y 2 es de un 13% aproximadamente. d. El porcentaje del Resultado del Ejercicio respecto al Total del Patrimonio en el año 1 es de 63% aproximadamente. e. El porcentaje de Deuda financiera de largo plazo del año 2 respecto al año 1 es de 95% aproximadamente.

In September 2016, the cost of gasoline in Berlin was around 1.25 euros per liter. What would the equivalent cost be in U.S. dollars per gallon? 1 U.S. dollar ≈ 0.896 euros 1 gallon ≈ 3.785 liters

Robbie's financial advisor referred a customer to Robbie's new business. Under the concept of Robbie is now obligated to return the favor. A social networking (B) unlimited liability (C) reciprocation (D) social capital

The following transactions and events affected its equity during the year. January 5 Declared a 0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a 0.50 per share cash dividend, date of record April 10. July 5 Declared a 0.50 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was 12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a 0.50 per share cash dividend, date of record October 10. Required: 1. How many common shares are outstanding on each cash dividend date?

Credit Card Balances Frequency 0 to less than 1,000 1,000 less than 2,000 2,000 o less than 3,000 3,000 o less than 4,000 4,000 o less than 5,000 5,000 o less than 6,000

Suppose a firm can produce 70 units of a product, Zenia, by combining labor, land, capital, and entrepreneurial ability, as in the four alternative Techniques shown in the table below. Assume further that the firm can hire labor at 3 per unit, land at 3 per unit, capital at 6 per unit, and entrepreneurship at 9 per unit. Production Techniques A B C D --------------- Labor 4 10 6 5 Land 5 3 3 3 Capital 5 2 4 4 Entrepreneurship 1 1 1 1 Refer to the provided table, and suppose that the firm uses production Technique D. If each of the 70 units of Zenia that are produced sells for 1 apiece, then how much will be the total profits of the firm from 70 units of Zenia? Multiple Choice 70 57 13

Laura took out a 9000 loan for 7 months and was charged simple interest. The total interest she paid on the loan was 336. As a percentage, what was the annual interest rate of Laura's loan? Do not round any intermediate computations. If necessary, refer to the list of financial formulas.

Additional common stock of 3,000 was issued, and dividends of 7,000 were paid during the current year.

Listed below are prices in dollars for one night at different hotels in a certain region. Find the range, variance, and standard deviation for the given sample data. Include appropriate units in the results. How useful are the measures of variation for someone searching for a room? 290 100 197 171 213 248 259 77 The range of the sample data is (Round to one decimal place as needed.)

A text message plan costs 2 per month plus 0.28 per text. Find the monthly cost for x text messages.

Property taxes on a company's factory building would be classified as a(n):

Find the expected value of the winnings from a game that has the following payout probability distribution: Payout () 0 2 5 10 25 Probability 0.61 0.24 0.10 0.04 0.01 Expected Value =

Service sales 120,114 90,972 29,142 32.0% Total revenues ... 280,522 232,887 47,635 20.5% Operating expenses: b. The horizontal analysis shows that total revenues increased between the two years, with a strong increase in service sales. Service sales

Cost objects include: customers. anything for which revenue data is desired. anything for which cost data is desired. departments.

Martha earned a gross pay of 1,215.60 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social security tax deducted from Martha's gross pay. a. 7.54 b. 65.37 c. 75.37 d. 75.40 Please select the best answer from the choices provided

Hard Blues Music buys CDs with a list price of 39,000. If the wholesaler offers trade discounts of 6 / 5 / 4, find the net price factor.

This table shows the U.S. federal income tax rates from 2014. (Source: Internal Revenue Service) Rate Single Married Filing Jointly Married Filling Separately Head of Household 10% 0-9,075 0-18,150 0-9,075 0-12,950 15% 9,075-36,900 18,150-73,800 9,075-36,900 12,950-49,400 25% 36,900-89,350 73,800-148,850 36,900-74,425 49,400-127,550 28% 89,350-186,350 148,850-226,850 74,425-113,425 127,550-206,600 33% 186,350-405,100 226,850-405,100 113,425-202,550 206,600-405,100 35% 405,100-406,750 405,100-457,600 202,550-228,800 405,100-432,200 39.6% Over 406,750 Over 457,600 Over 228,800 Over 432,200

Carmen has selected to receive 10,000 per month until the principal and interest on her husband's life insurance policy have been paid out. Select one: a. the fixed-amount option b. the fixed-period option c. the interest-only option d. the life income option

March 5: Miriam pays a monthly start up loan of 10,000, 100 per month payable on the 4th day of the month COGS 100 Fixed Cost 10,000 Fixed Cost 100 Variable Cost 100

Yolanda deposited 3000 into an account with a 3.5% annual interest rate, compounded quarterly. Assuming that no withdrawals are made, how long will it take for the investment to grow to 4500? Do not round any intermediate computations, and round your answer to the nearest hundredth.

Raina wants to save money to open a tutoring center. She buys an annuity with a yearly payment of 399 that pays 3% interest, compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 8 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.

¿Cuál es la obligatoriedad de la conciliación bancaria? Es obligatoria para empresas que cotizan en bolsa y sociedades anónimas. No es obligatoria. Es obligatoria para todo tipo de empresas. Es obligatoria para empresas con ventas superiores a 5 UTM mensuales.

For each example, determine how the market for the good in bolded text will respond to the described change. a. A website offers a buy-one-get-one-free special for digital music albums. b. At a week-long special at the grocery store, pork shoulder is on sale at 1.99 / lb, down from 3.99 / l. c. A sharp increase in the price of wood causes increases in prices for dressers and desks. d. A company offers a coupon for 6 off the price of laser tag. e. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from 2.98 to 3.25.

A restaurant borrows 19,700 from a local bank for 4 months. The local bank charges simple interest at an annual rate of 2.45% for this loan. Assume each month is 1/12 of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 4 months. (b) Assuming the restaurant doesn't make any payments, find the amount owed after 4 months.

Zoe Corporation has the following information for the month of March: Cost of materials placed in production 19,464 Direct labor 27,056 Factory overhead 36,980 Work in process inventory, March 1 17,656 Work in process inventory, March 31 19,283 Finished goods inventory, March 1 23,016 Finished goods inventory, March 31 23,448 a. Determine the cost of goods manufactured. 432 b. Determine the cost of goods sold.

Supply, Demand, and Market Equilibrium In supply (and demand) problems, N is the number of items the supplier will produce (or the public will buy) if the price of the item is x dollars. For a particular product: The supply equation is: N=2x+387 The demand equation is: N=-7x+558 Supply and demand lines intersect at the equilibrium price. This is the price at which there is neither a surplus nor shortage in the market (supply and demand are equal). Solve this system of equations to determine the point at which the two lines intersect. Give your answer as an ordered pair. The two lines intersect at the point: Write your answer as an ordered pair In this situation, what is the selling price when supply and demand are in equilibrium? When supply and demand are in equilibrium, the selling price per item is What is the number of items in the market when supply and demand are in equilibrium? There are items in the market when supply and demand are in equilibrium.

Multiple Choice Question A company's margin of safety calculation is an indication of how closely the company is operating relative to its fixed expenses its breakeven point its sales performance its operating income

True or False Question Net income occurs when revenues are greater than expenses. True False

Suppose that the relationship between price and quantity of gizmo kits we can buy is linear. When the price is 46, we can buy 1383 gizmo kits. If we lower the price we will pay to 10, we can buy only 504 kits. Find the equation of the line using the formula p-p0=m(q-q0). Where p0=46

Using the formula, the tuition and fees for the school year ending in 2010 was 25888. (Simplify your answer. Do not include the symbol in your answer.) b. By how much does the formula underestimate or overestimate the actual cost shown by the graph for the school year ending in 2010? Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. The formula underestimates the actual cost by . B. The formula overestimates the actual cost by .

The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term liabilities. True False

Find the monthly payment and estimate the remaining balance at the given time. Assume interest is on the unpaid balance. Fifteen-year student loan for 27,800 at 2.64%; remaining balance after 5 years. The monthly payment is . (Round to the nearest cent as needed.)

Multiple Choice Question What is a purchase return? A purchase return is the cash discount given for early payment of an invoice. A purchase return refers to merchandise a buyer acquires, but then returns to the seller. A purchase return refers to merchandise a seller acquires, but then returns to the buyer. A purchase return is designed to shorten the payment period between the buyer and the seller.

If your car gets 35 miles per gallon, how much does it cost to drive 430 miles when gasoline costs 3.40 per gallon? The cost is . (Simplify your answer. Round to the nearest cent as needed.)

Budgeting Decision Point Managers - Google Chrome pe-xl-prod.knowdl.com/content/qualsims/accounting/budgetingsim/v2/player/#/265d911b8dd98f8f2e9d60cac9346771qualsimsaccountingbudgetingsimmillernoblesmattison7/ Decision Point: Managers Timing for your budgeting process review, including a draft of comprehensive first quarter budgets, should not be a constraint since you are only at the halfway point in the current fiscal year when you kick off your review. That being said, you can't get very far until the team determines who should be involved in the budgeting process. Which managers should participate in the budgeting process? Select an option from the choices below and click Submit. Top-level managers only since they establish the company's goals and formulate business strategies. This top-down approach for establishing the budget will ensure company resources are in line with the long-term strategic plans. Include all levels of management since managers will be more motivated by the budgets if they have a say in creating them.

Find the effective interest rate. Round to two decimal places when needed. Rate: 5% Compounded: Quarterly The effective rate is % .

Amy is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she discovers the following standard deviations of one year of daily stock closing prices. Garden Statues Express: Standard deviation of stock prices = 9.65 Masterful Pocketwatches: Standard deviation of stock prices = 1.05 Based on the data and assuming these trends continue, which company would give Amy a stable long-term investment?

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2 - Supplies - Cash flow from investing activities - Prepaid insurance - Service revenue - Other operating expenses - Supplies expense - Insurance expense - Beginning common stock - Cash flow from operating activities - Common stock issued - 870 Beginning retained earnings - (6,800) Cash flow from financing activities - 2,400 Rent expense - 82,000 Dividends - 40,000 Cash - 240 Accounts receivable - 900 Prepaid rent - 1,000 Unearned revenue - 7,400 Land - 5,500 Accounts payable Required: Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).

The price of gas is 2.00 per gallon in Florida, well below the average price in California of 3.00 per gallon. If your Ford Taurus has a 20-gallon tank, assuming you are on empty, how much more will you pay for gas in California?

f(t)=-23.27 t+200.17 thousand dollars gives the profit of a failing department store between 2011 and 2020, where t is the number of years since the end of 2011. a. What was the profit of the store at the end of 2008? (Round your answer to 2 decimal places.) thousand

Suppose your family spent 2438.67 on home energy last year. Estimate the amount spent on heating and cooling, rounded to the nearest hundred. Enter your answer, rounded to the nearest hundred.

20 Telephone Conversation STUDENT A You are Mr. Harold Stone and you work for a big finance company. You want to have lunch with Mr. Black to discuss his company's electronic products. It is important that you meet this week. Phone Mr. Black (Student B) and arrange a time and day. Remember, you are busy all day Monday and Wednesday and have meetings until 1:00 p.m. on Tuesday and Thursday. Use phrases such as: Hello, this is... It's important we meet this week. Let's have lunch on... at... I'm sorry, I'm busy then. STUDENT B You are Mr. Black and you are the boss of a big electronics company. Mr. Stone (Student A) is going to phone you to arrange an important business meeting. Try to arrange a time and day when you can have lunch together. Remember you are busy on Friday and can't meet for lunch before 2:00 p.m. on Monday and Thursday. Use phrases such as: Hi, how are you? No problem! Let's meet at... on... When are you free?

Matching Question Each of the financial statements on the left are described on the right. Identify the description that goes with each financial statement. Reports the balance of assets, liabilities and equity at a point in time Reports the revenues and expenses incurred by a business for a period of time Identifies the cash inflows and outflows over a period of time Reports the changes in equity during a period of time

A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function: S(t) = 9^t + 15e^(-0.5t), where t is the time (in years) since the stock was purchased. The question asks to round the average price of the stock to the nearest cent.

Multiple Select Question Select all that apply Given the following list of accounts, identify which are classified as assets. Select all that apply. Accounts Receivable Land Building Wages Payable Supplies Cash Owner's Capital Owner's Withdrawals

Q. What type of insurance provides coverage for specific period of time? A. Permanent Coverage B. Term Coverage C. Universal Coverage D. Variable Coverage

What are assets that can be turned into cash quickly? fixed assets liquid assets accounts payable illiquid assets

Miguel and Sofia are buying a condominium valued at 168,500. They will finance their home at 6.75% interest for 20 years. If their total monthly payment is 1,554.35 and their annual insurance costs 898, calculate the annual property taxes for their condo.

Suppose that at the beginning of 2023 Jamaal's basis in his S corporation stock was 27,000 and Jamaal has directly loaned the S corporation 10,000. During 2023, the S corporation reported an 80,000 ordinary business loss and no separately stated items. After any loss deductions this year, what is Jamaal's stock and debt basis at the end of the year if Jamaal is a 50 percent shareholder of the S corporation?

Corporate Form of Organization: Stock Issue Considerations - Knowledge Check Identify the term that best describes each of the following. 1. The number of shares of stock first determined at the time of incorporation. 2. The type of stock issue which involves an investment banking firm. 3. The value assigned to shares of stock that determines the legal capital. 4. A value assigned to no-par shares of stock by the board of directors. Direct issue Indirect issue No-par value Offering Par value Stated value

Refer to Figure 4-4. The movement from point A to point B on the graph is called (A) an increase in supply. (B) a decrease in the quantity supplied. (C) an increase in the quantity supplied. (D) a decrease in supply.

A father is trying to save for his daughter's wedding in two years. (Long engagement!). He thinks he can make the following contributions to an account: 12,610.00 today and 14,535.00 in one year. The father thinks he can earn 8.00% in the market each of the next two years. If the wedding is expected to cost 55,775.00 two years from today, how much will he need to contribute at the time of the wedding to cover its cost? A relative has promised to pay you 78.00 today, and he will pay you additional payments every year for the next five years. Each year he will add 68.00 to the previous payment. (So, the payment in year 1 will equal 146.00 ). You decide to save every dollar you are given and will invest the money in an account paying 4.00% annual interest. How much money will you have accumulated in five years? Keep in mind that you will have six total cash flows to invest.

Use the data provided to calculate price-earnings (PE) ratios and determine which company is financially stronger. Name and Symbol Playgrounds Galore (PGLR) Aqua-Swim, Incorporated (ASI) Closing Price 61.95 52.50 Earnings 5.59 3.04 Aqua-Swim, Incorporated has a higher PE ratio, so it is likely the financially stronger company. Playgrounds Galore has a lower PE ratio, so it is likely the financially stronger company. Playgrounds Galore has a higher PE ratio, so it is likely the financially stronger company. Aqua-Swim, Incorporated has a lower PE ratio, so it is likely the financially stronger company.

A company issued 7%, 5-year bonds with a par value of 100,000. The market rate when the bonds were issued was 7.5%. The company received 97,948 cash for the bonds. Using the effective interest method, compute the amount of interest expense for the second semiannual interest period (round to 2 decimals). Multiple Choice 3,679.54. 7,346.03 7,000.00 3,500.00 3,673.01.

Companies may report interest recelved and dividends recelved as investing activities using: Multiple Choice Neither U.S. GAAP nor IFRS. Both U.S. GAAP and IFRS. IFRS. U.S. GAAP

Solve for the missing item in the following. Note: Do not round intermediate calculations. Round your answer to the nearest whole percent. Principal Interest rate Time Simple interest 5,400 % 19 months 342

Dr. Grossman was reviewing his total accounts receivable. This month, credit customers paid 44,000, which represented 20% of all receivables due (what customers owe). What was Dr. Grossman's total accounts receivable?

Dividends paid to shareholders is on which financial statement?

Yang Bai is investing 10,000 and wants a portfolio that is 80% stocks and 20% bonds. She has decided to accomplish this using just 2 exchange-traded funds (ETFs): a stock ETF trading for 50 per share and a bond ETF trading for 100 for share. What should she do to meet her asset allocation goal?

A company needs 6,800,000 in 9 years in order to expand their factory. How much should the company invest each week if the investment earns a rate of 8.1% compounded weekly?

How much money does an employee working for a salary of 37,000 per year get paid every two weeks? [?] Round to the nearest whole dollar.

In the state where you live, the weekly unemployment compensation is 63% of the 26-week average for the two highest-salaried quarters. A quarter is three consecutive months. For January, February, and March, you earned a total of 33,000. In July, August, and September, you earned a total of 37,000. Determine your weekly unemployment compensation.

Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. I bought a fund advertised on the web that says it uses a secret investment strategy to get an annual return twice that of stocks, with no risk at all. Choose the correct answer below. A. The statement does not make sense because investing in stocks is low-risk to get high returns, thus getting higher returns than stocks with this secret strategy must mean the fund advertised on the web is low-risk, not no risk. B. The statement does make sense because this secret investing strategy must be a new financial planning strategy that does not incorporate the three traditional investment considerations: liquidity, risk, and return. C. The statement does not make sense because investing in stocks is high-risk to get high returns, thus getting higher returns than stocks with this secret strategy must mean the fund advertised on the web is high-risk, not no risk. D. The statement does make sense because the strategy indicates that the return is a predictable amount, thus the fund advertised on the web is a no-risk investment.

The marginal propensity to save of a certain country is given by S'(x)=0.4+0.1 x. Determine the marginal propensity to consume.

The billing department at a toy company sent out 60 invoices on Monday, 83 invoices on Tuesday, 104 invoices on Wednesday, 40 invoices on Thursday, and 86 invoices on Friday. How many invoices were sent out in this 5-day period? Estimate using front end rounding. How many invoices were sent out?

Term Answer Description Adjustments Adjusted gross income Deductions Standard deduction Itemized deduction Exemption Itemized deduction example Capital gains tax categories Steps to AGI Steps to taxable income A. This is mortgage interest expense. B. This figure is based on tax bracket, 5% to 15% tax rate if held over 12 months. C. Examples of this term include charitable deductions, state and local taxes, and moving expenses. D. This can be claimed if taxpayer provides more than half their support. E. This term includes all income less certain allowable adjustments. F. Reduce AGI by the standard deduction and allowable exemptions. G. This can be either standard or itemized. H. Deductions such as employee, personal retirement, higher education, and support expenses are included in this category. I. This is adjusted annually for changes in cost of living. J. This is used to calculate limits for certain itemized deductions.

Select the best answers to fill in the blanks. The greater the rate at which time affects value, the effect on the value of an annuity. less of an more critical the present greater the positive negative

The Old Townhouse Restaurant withheld 1,690.24 in federal income tax, 1,345.18 in Social Security tax, and 578.92 in Medicare tax from its employees. Find the amount The old Townhouse Restaurant must send to the IRS. 5,538.44 6,239.56 6,871.23 3,614.34

d. Stockholders' equity as of May 31, 20Y3, assuming that assets increased by 113,100 and liabilities e. Net income (or net loss) during 20Y3, assuming that as of May 31, 20Y3, assets were 1,079,630, liabilities were 175,650, and no additional common stock was issued or dividend

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