Questions
'Profit is the maximum value a company can distribute during the year and still expect to...

'Profit is the maximum value a company can distribute during the year and still expect to be worth as much at the end of the year as it was at the beginning.' Discuss this statement, and comment on its value in measuring profit for decision-making. (In a written text please, not a pic)

In: Economics

An economist estimates a 65% probability that the economy will expand next year. The technology sector...

An economist estimates a 65% probability that the economy will expand next year. The technology sector has a 70% probability of outperforming the market if the economy expands and a 20% probability of outperforming the market if the economy does not expand. Given the new information that the technology sector will not outperform the market, what is the probability that the economy will not expand?

In: Statistics and Probability

Practice Exercise 1 The ledger of Costello Company at the end of the current year shows...

Practice Exercise 1

The ledger of Costello Company at the end of the current year shows Accounts Receivable $121,000, Sales Revenue $854,000, and Sales Returns and Allowances $31,000.

If Costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Costello determines that L. Dole’s $2,100 balance is uncollectible. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31

SHOW LIST OF ACCOUNTS

LINK TO TEXT

If Allowance for Doubtful Accounts has a credit balance of $2,800 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 12% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Date

Account Titles and Explanation

Debit

Credit

(1)

Dec. 31

(2)

Dec. 31

SHOW LIST OF ACCOUNTS

LINK TO TEXT

If Allowance for Doubtful Accounts has a debit balance of $300 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 3% of net sales and (2) 8% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Date

Account Titles and Explanation

Debit

Credit

(1)

Dec. 31

(2)

Dec. 31

In: Accounting

in a slow year, Deutsche Burgers will produce 3.800 million hamburgers at a cost of $5.400...

in a slow year, Deutsche Burgers will produce 3.800 million hamburgers at a cost of $5.400 million. in a good year, it can produce 5.800 million hamburgers at a total cost of $6.500 million

what is the fixed costs of hamburger production, variable cost per hamburger, an average cost per burger when 3 million burgers are made, an average cost per burger when 4 million are produced?

In: Finance

Herman Co. is considering a four-year project that will require an initial investment of $12,000. The...

Herman Co. is considering a four-year project that will require an initial investment of $12,000. The base-case cash flows for this project are projected to be $14,000 per year. The best-case cash flows are projected to be $26,000 per year, and the worst-case cash flows are projected to be –$4,500 per year. The company’s analysts have estimated that there is a 50% probability that the project will generate the base-case cash flows. The analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project generating the worst-case cash flows.

What would be the expected net present value (NPV) of this project if the project’s cost of capital is 11%?

A. $26,393

B. $22,434

C. $23,754

D. $31,672

Herman now wants to take into account its ability to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows. If it decides to abandon the project at the end of year 2, the company will receive a one-time net cash inflow of $3,000 (at the end of year 2). The $3,000 the company receives at the end of year 2 is the difference between the cash the company receives from selling off the project’s assets and the company’s –$4,500 cash outflow from operations. Additionally, if it abandons the project, the company will have no cash flows in years 3 and 4 of the project.

Using the information in the preceding problem, find the expected NPV of this project when taking the abandonment option into account.

A. $30,952

B. $29,478

C. $28,004

D. $38,321

What is the value of the option to abandon the project?

*please have this in written form if you can

In: Finance

The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year....

The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 49 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.1 pounds, what is the probability that the sample mean will be each of the following?

Appendix A Statistical Tables




a. More than 59 pounds
b. More than 57 pounds
c. Between 56 and 57 pounds
d. Less than 53 pounds
e. Less than 47 pounds

In: Statistics and Probability

Starting at what year did Peter and Rosemary Grant begin their study of the finches of...

Starting at what year did Peter and Rosemary Grant begin their study of the finches of the Galapogos? How does their work support the Theory of Evolution? (50 words minimum)

In: Biology

On January 8, the end of the first weekly pay period of the year, Regis Company's...

On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,560 of federal income taxes, $1,420 of medical insurance deductions, and $780 of union dues. No employee earned more than $7,000 in this first period.

Required:
1.1 Calculate below the amounts for each of these four taxes of Regis Company. Regis’s merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.)

1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.)

2. Prepare the journal entry to record Regis’s (employer) payroll taxes resulting from the January 8 payroll. Regis’s merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.)

In: Accounting

Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are...

Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below.

Selected Balance Sheet Accounts
Prior Year Current Year
Accounts Receivable $ 26,200 $ 18,000
Merchandise Inventory 36,000 39,600
Prepaid Rent 2,600 0
Accounts Payable 20,600 26,800
Salaries and Wages Payable 5,200 7,800

Income Statement
Sales Revenue $ 540,000
Expenses:
Cost of Goods Sold 308,000
Depreciation Expense 36,000
Salaries Expense 54,000
Rent Expense 21,600
Insurance Expense 21,600
Interest Expense 19,800
Utilities Expense 18,000
Net Income $ 61,000


Required:  
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.)

References

In: Accounting

Our group incentive option gives us a bonus at the end of the year based on...

Our group incentive option gives us a bonus at the end of the year based on how profitable we were for the year.

      [ Choose ]            Stock Options.            Gainsharing.            Profit Sharing.            Stock Purchasing.      

Our group incentive option plan worked like this. The manager told us that if we could cut cost in our department by 5%, as a group we would get 5% of the savings to the company distributed evenly among us.

      [ Choose ]            Stock Options.            Gainsharing.            Profit Sharing.            Stock Purchasing.      

Our group incentive option allows me to buy company stock for 10% less than the market value.

      [ Choose ]            Stock Options.            Gainsharing.            Profit Sharing.            Stock Purchasing.      

Our group incentive option plan allows me to buy $50 shares of the company stock for only $13 apiece next year.

[ Choose ]            Stock Options.            Gainsharing.            Profit Sharing.            Stock Purchasing.

In: Finance