Questions
Spending and Revenue are divided into ten categories, such as Investments, General Government, etc. Choose three...

Spending and Revenue are divided into ten categories, such as Investments, General Government, etc. Choose three spending categories and one revenue category to write about. What decisions to spend or cut did you make in each of the categories that you chose? Explain your choices. Be sure to read the pro/con arguments for each decision. Which arguments did you find most convincing?

In: Economics

The finance director of St. James hospital estimates that on average 33% of its revenue equals...

The finance director of St. James hospital estimates that on average 33% of its revenue equals its variable cost. Fixed costs are budgeted at $24 million per year. If their budget predicts a volume of business of 30,000 patient-days next year, what is the average daily revenue per patient (rounded to two digits) for St. James to breakeven?
A.

$800.00

B.

$1,194.03

C.

$65,753.42

D.

$2.424.24

E.

$536.00

In: Accounting

A proposed project will generate £150,000 in revenue a year for 20 years (starting next year),...

A proposed project will generate £150,000 in revenue a year for 20 years (starting next year), but will cause another product line to lose £60,000 in revenue a year during that time. The project will make use of 50% of an already leased warehouse with total annual rent of£50,000 (the contract does not prohibit sub-leasing). The discount rate for this project is 6%. Should the firm undertake this project if the required investment is £250,000? What is the Payback Period for this project?

In: Finance

A company's marketing strategy will last two years and produce revenue in years 1 and 2...

A company's marketing strategy will last two years and produce revenue in years 1 and 2 only. The strategy can result in a success, a moderate success, or a failure. The marketing strategy will cost $60,000 immediately (year 0), $38,000 in year 1, and $12,000 in year 2. There is uncertainty with projected revenues, but the forecasted revenues and probabilities for the marketing strategy are as follows: - Success: Year 1: $89,000; Year 2: $112,000; Probability: 0.26 - Moderate success: Year 1: $78,000; Year 2: $70,000; Probability: 0.42 - Failure: Year 1: $39,000; Year 2: $50,000; Probability: 0.32 The company's MARR is 15%. You can ignore any other costs except for the marketing costs. Calculate the standard deviation of the net present worth for the strategy. HINT: it is easier to calculate the net present worth of each separate result first (success, moderate success, failure) before dealing with the probabilities

In: Finance

Fraud Red Flags: Pretend that you are a IRS revenue agent - what are some red...

Fraud Red Flags: Pretend that you are a IRS revenue agent - what are some red flags that a specific tax transaction of tax return might not pass the “smell” test? What can taxpayers do to help protect themselves if they were chosen for an audit.

In: Accounting

the internal revenue service reports that the mean federal income tax paid in a recent year...

the internal revenue service reports that the mean federal income tax paid in a recent year was $8040. Assume that the standard deviation is $5000. The irs plans to draw a sample of 1000 tax returns to study the effect of a new law.

A) what is the probability that the sample mean tax is less than $8000?
B) what is the probability that the sample mean tax is between $7600 & $7900?
C) Find the 40th percentile of the sample mean
D) would it be unusual if the sample mean were less than $7500
E) can you tell whether it would be unusual for an individual to pay tax of less than $7500? Explain?

In: Statistics and Probability

Does the US Government have a spending problem, a revenue problem or both? Why or Why...

  1. Does the US Government have a spending problem, a revenue problem or both? Why or Why not?
  2. Let's look at spending...what is the breakdown of the federal budget (where does the money go)? What proportion is discretionary vs. non-discretionary? Where is the majority of the spending growth taken place?

In: Economics

How would I make these journal entries for nonprofit accounting? 1. There is a special revenue...

How would I make these journal entries for nonprofit accounting?

1. There is a special revenue fund and it makes an interfund transfer to a capital projects fund for $40,000. I think there are supposed to be 2 journal entries, one for each fund right?

2. A little county received a grant from the government for capital projects fund. I think I debit cash and credit other financing sources- intergovt funds?

3. We (the small county) are issued a long term bond. The bond proceeds are for construction, and my premium and interest will be for debt.

-premium of $600

-Face value of $10,000

- interest rate of 3%

For 3, I think one of my accounts would be to debit interest expenditures?

Please help me make journal entries for these, my professor said these could be possible test questions and I need to know them. Thank you!

In: Accounting

A resort hotel annual sales revenue of $1,000,000, Variable costs of $350,000, and a fixed costs...

A resort hotel annual sales revenue of $1,000,000, Variable costs of $350,000, and a fixed costs of $570,000. The fixed costs include $80,000 a year for land rental lease.

a) Calculate the hotel's breakeven point.

b) If the owners had an equity investment in the hotel of $1,200,000. What level of sales revenue is required for an operating income (BT) representing a 15% return on their investment?

c). In a renegotiation of the land lease, the landowner has offered management an alternative to the fixed lease currently being paid. The alternative in the lease currently being paid. The alternative is 10% of the resort's contribution margin.

i. If management accepts this proposal, what would be the resort hotel's new breakeven point?

ii. Calculate the indifference point.

iii. Explain whether management should accept this proposal. if next year's total sales revenue is expected to be $1,200,000?

iv. Should management accept this proposal if next's total sales revenue is expected to be $1,400,000

.:PS. I need all the C ( this includes " i " ; " ii " ; " iii " & " iv "

In: Finance

1. Discuss the all inclusive view of revenue as described in the 16th amendment. 2. What...

1. Discuss the all inclusive view of revenue as described in the 16th amendment.

2. What is the purpose of regulations?

In: Accounting