|
Wentworth Products has projected the following sales for the coming year: |
| Q1 | Q2 | Q3 | Q4 | |
| Sales | $360 | $450 | $600 | $540 |
|
Sales in the year following this one are projected to be 10 percent greater in each quarter. |
| Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume that the company pays immediately. |
| a. What is the payables period in this case? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
|
What are the payments to suppliers each quarter? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
|
b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.) |
|
c. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.) |
In: Finance
Tesla Motor
Vision:
1. Most compelling: Tesla wants to say, first of all, we want to make the most compelling car company. It shows the leadership and excellence of the company
2. Car Company: The second one, they want to make it clear that it is a car company.
3. 21st century: They want to make the best cars before the 21st century.
4. The world’s transition to electric vehicles: Also, the important indicator is, they want to work worldwide. Tesla Motors wants to shift the entire world from a petrol diesel car to electric cars.
Mission:
1. Accelerate: They Want to work with high speed and also want to increase the customer’s speeds by providing the best cars.
2. The World’s Transition: They believe their mission is to eliminate petrol and diesel cars and bring their electric cars.
3. Sustainable Transport: They want to provide sustainable transport by providing these products which are based on renewable technology which is called sustainable energy.
Amazon
Vision:
1. Global Reach: They want to make it clear that the entire world is their customer.
2. Customer Prioritization: They are more focused on customer prioritization.
3. Anything They Might Want to Buy Online: It means they are focusing on widest selection.
Mission
1. The Lowest Possible Price: They want to provide the products for the best possible price to the customers.
2. The Best Available Selection: They want to provide the best selection to the customers.
3. The Utmost Convenience: They want to provide the utmost convenience so that the customers can get their orders or material by seating in the home.
Q/ Prepare the vision and mission statements of Tesla and Amazon using the key terms given above ?
In: Economics
The advantages of e-mail communication.
The first thing most of us do when we get up in the morning is to turn on the computer and check for e-mail messages. This has become a part of our daily routine. We take it for granted that this has been an age-old practice and don't pause to think that it is a product of recent technological revolution. It is a wonder how we ever survived without it. The advantages of e-mail communication are many, and the chief among them are its speed, low cost, and convenience.
Speed is the obvious advantage. Just as our planes, trains, and automobiles are moving ever faster, so are our modes of communication. We can send e- mail around the world in a matter of minutes with no more effort than it takes to press a few keys on the computer. It is this speed that has led to our calling regular mail "snail mail."
E-Mail has also the advantage of being inexpensive. Many people have access to e-mail for free through their work or school. If some people may pay for e-mail through an online service, there is no increase in cost relative to the number of messages sent. It is the same price to send one message to one person as it is to send messages back and forth all day or to a hundred people. Finally, if we consider the costs saved in long-distance phone bills in addition to cost saved in postage, most e-mail users come out ahead.
There is no question that e-mail is convenient. It allows us to send the same message to many people at the same time with little more effort than it takes to send a message to one person. When sending multiple copies of a message, we avoid the trouble of photocopying the letter, printing out additional copies, addressing envelopes, and posting the mail. E-mail is also convenient because it lends itself to an informal style that makes composing a message relatively easy; in addition, readers of e-mail tolerate more mistakes than readers of conventional mail, and their tolerance saves us time.
E-Mail thus gives us the ability to send messages with convenience, speed and little expense. In not too distant a future, "snail mail" is likely to become obsolete, and one can already hear the bell toll for the US Postal Services.
Please answer the following Questions from above essay.
1. What is the topic of the essay?
2. What is the position taken by the writer on the topic?
3. Does the essay have a plan of development? If so, describe the plan.
4. Imagine you are the author of the essay. Take a reader curious to know how the essay developed through the pre-writing stage of the essay.
5. What are the three parts of the essay?
6. How does the essay hook the reader?
7. What is the first supporting point? What details does the writer give in support of the point?
8. What is the second supporting point? What details does the writer give in support of the point?
9. What is the third supporting point? What details does the writer give in support of the point?
10. What method of organization does the writer use to organize the material in the essay?
11. How does the essay conclude?
12. Why doesn't the writer discuss the disadvantages of e-mail communication in the essay?
In: Psychology
Rhone-Metro Industries manufactures equipment that is sold or
leased. On December 31, 2021, Rhone-Metro leased equipment to
Western Soya Co. for a noncancelable stated lease term of four
years ending December 31, 2025, at which time possession of the
leased asset will revert back to Rhone-Metro. The equipment cost
$400,000 to manufacture and has an expected useful life of six
years. Its normal sales price is $457,779. The expected residual
value of $28,000 on December 31, 2025, is not guaranteed. Western
Soya Co. is reasonably certain to exercise a purchase option on
December 30, 2024, at an option price of $12,000. Equal payments
under the lease are $171,000 (including $4,000 annual maintenance
costs) and are due on December 31 of each year. The first payment
was made on December 31, 2021. Western Soya’s incremental borrowing
rate is 14%. Western Soya knows the interest rate implicit in the
lease payments is 12%. Both companies use straight-line
amortization.
Hint: A leasing term ends for accounting purposes when an
option becomes exercisable if it’s expected to be exercised (i.e.,
a BPO). (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and
PVAD of $1) (Use appropriate factor(s) from the tables
provided.)
Required:
1. Show how Rhone-Metro calculated the $171,000
annual lease payments.
2. How should this lease be classified (a) by
Western Soya Co. (the lessee) and (b) by Rhone-Metro Industries
(the lessor)?
3. Prepare the appropriate entries for both
Western Soya Co. and Rhone-Metro on December 31, 2021.
4. Prepare an amortization schedule(s) describing
the pattern of interest over the lease term for the lessee and the
lessor.
5. Prepare the appropriate entries for both
Western Soya and Rhone-Metro on December 31, 2022 (the second rent
payment and amortization).
6. Prepare the appropriate entries for both
Western Soya and Rhone-Metro on December 30, 2024, assuming the
purchase option is exercised on that date.
In: Accounting
Assume that the economy faces two shocks: a decrease in the world real interest and a decrease in government spending, both lasting for one period. Analyse the effects of these shocks on domestic short-run output, inflation and the real interest rate in the first two periods and in the long-run using the open economy AS/AD model of the textbook. Assume initially that domestic real output is on trend and the real interest rate is equal to the world real interest rate and inflation is at its target rate. Use a graph in you answer and provide an explanation of the adjustment mechanisms.
In: Economics
The grade point averages for 10 randomly selected students are listed below. Construct a 95% confidence interval for the population variance and for the standard deviation. Write an interpretive sentence for the standard deviation. Assume the data are normally distributed.
2.3 4.0 3.1 1.8 3.3 2.5 0.5 3.8 2.3 2.7
In: Statistics and Probability
A medical investigation claims that the average number of infections per week at a hospital in Pennsylvania is at least 19.1. A random sample of 40 weeks had a mean number of 17.7 infections, and a sample standard deviation is 3.8. Is there enough evidence to reject the investigator’s claim? Use a 8 % level of significance to test this claim.
In: Statistics and Probability
Sandra would like to organize LAB as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 8 percent annual before-tax return on a $520,000 investment. Sandra’s marginal income tax rate is 37 percent, and her tax rate on dividends and capital gains is 23.8 percent (including the 3.8 percent net investment income tax). If Sandra organizes LAB as an LLC, she will be required to pay an additional 2.9 percent for self-employment tax and an additional 0.9 percent for the additional Medicare tax. LAB’s income is not qualified business income (QBI) so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its after-tax earnings every year as a dividend if it is formed as a C corporation. (Round your intermediate computations to the nearest whole dollar amount.)
a. How much cash after taxes would Sandra receive from her investment in the first year if LAB is organized as either an LLC or a C corporation?
b. What is the overall tax rate on LAB’s income in the first year if LAB is organized as an LLC or as a C corporation? (Round your final answers to 2 decimal places.)
In: Accounting
1. Andrea would like to organize SHO as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 10 percent annual before-tax return on a $250,000 investment. Andrea’s marginal income tax rate is 35 percent and her tax rate on dividends and capital gains is 15 percent. Andrea will also pay a 3.8 percent net investment income tax on dividends and capital gains she recognizes. If Andrea organizes SHO as an LLC, Andrea will be required to pay an additional 2.9 percent for self-employment tax and an additional .9 percent for the additional Medicare tax. Further, she is eligible to claim the full deduction for qualified business income. Assume that SHO will pay out its all of its after-tax earnings every year as a dividend if it is formed as a C corporation. How much cash after-taxes would Amanda receive from her investment in the first year if SHO is organized as an LLC?
2. Same facts as in Question 1 above. How much cash after-taxes would Amanda receive from her investment in the first year if SHO is organized as a C corporation?
In: Accounting
Sandra would like to organize BAL as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate a 7 percent annual before-tax return on a $510,000 investment. Sandra’s marginal income tax rate is 37 percent and her tax rate on dividends and capital gains is 23.8 percent (including the 3.8 percent net investment income tax). If Sandra organizes BAL as an LLC, she will be required to pay an additional 2.9 percent for self-employment tax and an additional 0.9 percent for the additional Medicare tax. BAL’s income is not a qualified business income (QBI) so Sandra is not allowed to claim the QBI deduction. Assume that BAL will distribute all of its after-tax earnings every year as a dividend if it is formed as a C corporation. (Round your intermediate computations to the nearest whole dollar amount.)
a. How much cash after taxes would Sandra receive from her investment in the first year if BAL is organized as either an LLC or a C corporation?
b. What is the overall tax rate on BAL’s income in the first year if BAL is organized as an LLC or as a C corporation? (Round your final answers to 2 decimal places.)
In: Accounting