the equipment is expected to have a 4-year useful life, and be worth about $9,000 at the end of 4 years..at a cost of 37,800
In: Accounting
the following data give the rates in arrears of 30 ratepayers for the year 2018.
318 336 337 339 362 363 366 369 372 375
378 381 384 385 386 387 390 393 395 403
405 409 417 431 433 434 438 444 461 480
a. calculate the values of 3 quartiles.
b. find the approximate value of 57th percentile.
c. calculate the percentile rank of 417.
In: Statistics and Probability
A borrower takes out a 20-year mortgage for $500,000 with an interest rate of 6%. The loan requires monthly payments and has a 3% fee if the loan is repaid within 10 years. What is the effective interest rate on the loan if the borrower repays the loan after 72 payments?
In: Finance
According to a research institution, the average hotel price in a certain year was $99.07. Assume the population standard deviation is $20.00 and that a random sample of 31 hotels was selected. Complete part d below.
d. What is the probability that the sample mean will be between $97 and $99? _______(Round to four decimal places as needed.)
In: Statistics and Probability
Calculate the following from the year of 2019 Balance Sheet AND Income Statements for GOOGLE and APPLE. You can find both readily available freely online to the public.
Return on Equity (Net Income / Shareholders Equity)
Return on Assets (Net Income / Assets)
Return on Invested Capital (Earnings BEFORE interest ad taxes X 1 - Tax Rate) / ( Interest Bearing Debt + Shareholders Equity)
Profit Margin (Net Income / Sales)
Gross Margin (Gross Profit / Sales)
Price to Earnings (Price Per Share / Earnings Per Share)
Asset Turnover (Sales / Assets)
Fixed Asset Turnover (Sales / Net Property, Plant and Equipment)
Inventory Turnover (Cost of Goods Sold / Ending Inventory)
Assets to Equity (Assets / Shareholders Equity)
Debt to Assets (Total Liabilities (or Interest Bearing Debt) / Assets)
Debt to Equity (Total Liabilities / Shareholders Equity)
MARKET VALUE Debt to Assets (Total Liabilities / (Number of Equity Shares X Price Per Share + Total Liabilities))
MARKET VALUE Debt to Equity (Total Liabilities / (Number of Equity Shares X Price Per Share))
Current Ratio (Current Assets / Current Liabilities)
In: Finance
In: Finance
If the present value of an ordinary, eight-year annuity is $7,800 and interest rates are 6 percent, what is the present value of the same annuity due? (Round your answer to two decimal places.)
In: Finance
Kelly Owns a Condo in Wisconsin. During the year, Kelly uses the condo a total of 25 days. The condo is also rented out for a total of 75 days and generates rental income of $14,000. Kelly incurs the following expenses:
Mortgage Interest: $5000
Property Taxes: $2400
Utilities: $2000
Insurance: $1000
Depreciation: $10500
Using the IRS method of allocating expenses, the amount of depreciation that Tamara may take with respect to the rental property will be:
A) $1050
B) $5074
C) $6200
D) $10500
In: Accounting
(URGENT) An extract from the income statement of PoMA Ltd for the previous year is given below:
Rs.
Sales (50,000 units) 1,000,000
Direct materials 350,000
Direct labor cost (50,000 hours) 200,000
Fixed manufacturing overhead 240,000
Variable manufacturing overhead 50,000
Administration overheads 180,000
Selling and distribution overhead 120,000
The directors are keen to improve revenue and productivity and are considering various options. You are the management accountant and are requested to compute the following:
a. If salesmen are paid commission of 10% of sales, how many units must be sold to achieve breakeven point.
b. By how much does profit change (increase or decrease) if the selling price is reduced by 10% resulting in an estimated increase in sales volume (in number of units) by 30%.
c. By how much does profit change (increase or decrease) if the direct labor rate is increased from Rs.4 to Rs.5 per hour. This increase is expected to increase production and sales by 20% without affecting the hours worked. However, advertising costs will increase by Rs.50,000.
d. How many units must be sold in order to achieve a target profit margin of 10% on sales (profit/salesx100) assuming that advertising costs will increase by Rs.300,000 and selling price will increase by 20%
e. What is the Margin of Safety at the sales volume derived in part d above (express as percentage of sales)
In: Accounting
URGENT
An extract from the income statement of PoMA Ltd for the previous year is given below:
Rs.
Sales (50,000 units) 1,000,000
Direct materials 350,000
Direct labor cost (50,000 hours) 200,000
Fixed manufacturing overhead 210,000
Variable manufacturing overhead 50,000
Administration overheads 180,000
Selling and distribution overhead 120,000
The directors are keen to improve revenue and productivity and are considering various options. You are the management accountant and are requested to compute the following:
a. If salesmen are paid commission of 10% of sales, how many units must be sold to achieve breakeven point.
b. By how much does profit change (increase or decrease) if the selling price is reduced by 10% resulting in an estimated increase in sales volume (in number of units) by 30%.
c. By how much does profit change (increase or decrease) if the direct labor rate is increased from Rs.4 to Rs.5 per hour. This increase is expected to increase production and sales by 20% without affecting the hours worked. However, advertising costs will increase by Rs.50,000.
d. How many units must be sold in order to achieve a target profit margin of 10% on sales (profit/salesx100) assuming that advertising costs will increase by Rs.300,000 and selling price will increase by 20%
e. What is the Margin of Safety at the sales volume derived in part d above (express as percentage of sales)
In: Accounting