How much does the average mechanic earn in November? $_ MONTHLY EARNINGS OF AVERAGE MECHANIC AVERAGE EARNINGS $2,000 $1,950 $1,900 $1,850 $1,800 $1,750 $1,700 $1,650 $1,600 $1,550 $1,500 $1,450
Q: Which of the following will cause a decrease in cash? Increase in A/P Decrease in A/P Increase in…
A: Cash refers to the liquid assets that a company owns. It is used to measure the level of liquidity…
Q: A 20-year bond has face value 1000 and is redeemable at par. It pays semi-annual coupons at a 5%…
A: A discount, or initial issue discount, is applied when purchasing an accumulation bond. A decrease…
Q: National automotive supply, a major distributor, sells merchandise to Alex Motors. The invoice is…
A: The company makes cash sales as well as sales on account. The company offers cash discounts to…
Q: Netflix has a beta of 2.25 and an expected return of 18%. If the expected return on the market is…
A: Required rate of return of security will be calculated by considering the risk free rate as well as…
Q: A bond with a face value of 1,000 USD that bears interest at 6% payable semi-annually will mature on…
A: Bonds are long term sources of finance for companies and is cheaper source of finance and in this…
Q: Hudson Valley Distributors wants to be sure it has 10,000 cases of Beaujolais Nouveau to sell next…
A: The exchange rate refers to the rate that is being used for trading goods and services between one…
Q: Suppose the government decides to issue a new savings bond that is guaranteed to double in value if…
A: Present value of annuity is the current value of the future payments that are calculated using the…
Q: Date 2022-02-05 2022-02-06 2022-02-07 2022-02-08 2022-02-09 O A. 0.09%. OB. 0.81%. $ $ $ $ $ O C.…
A: We have the daily adjusted closing prices of a stock over a few days. We need to calculate the…
Q: Trevor took a loan of $7,700 from her parents to purchase equipment for her hair salon. If they…
A: We have to find the quarterly payment that will amortize the loan in full. It's a time value of…
Q: Cellan Manufacturing is considering the following two investment proposals: Proposal Y Proposal X…
A: The question is related to Capital Budgeting.The Present Value of future cash inflows are calculated…
Q: Assume that the initial outlay and depreciable base for a new project is 100,000. It is a 3 year…
A: The company generally accepts project that has positive NPV. The positive NPV shows the project will…
Q: Happy Holiday Inc (HHI) is considering a new capital budgeting project that will last for three…
A: Net present value shows the difference between the inflows and outflows of cash during the year. It…
Q: A debt of $6223,43 is due August 1, 2023. What is the value of the obligation on February 1, 2016,…
A: Now, Calculating the present value, Formula, Present value = Future value / (1+Interest rate) number…
Q: Which one of the following funds should be viewed as less attractive when held in a large,…
A: Portfolio A portfolio includes a group of a variety of financial assets. The main aim of investing…
Q: The spot rate for euros $1.25/€ and the 3-month future is $1.20/€ The spot rate for pounds $1.15/E…
A: concept. Futures contracts are use to hedge foreign currency risk or exposure. They are used to…
Q: Scheduled payments of $1077 due two years ago and $1263 due in four years are to be replaced by two…
A: The payments sometimes need to be replaced by other equal payments and that can be done based on the…
Q: Which of the following are in keeping with Corporate Governance? a Shareholders run the company on…
A: Corporate governance is a is a structure, set of rules and practice that is aimed at managing a…
Q: Mark and his partners have contracted to purchase the franchise rights, worth $146,000, to open and…
A: The deferral period is a time period in which it is unable to work till the time business gets…
Q: The operating expenses of a manufacturer last month were $5,000.00. This amount was 55% of gross…
A: Operating expenses are those expenses that are incurred to run normal business operation. examples…
Q: 3. A Cincinnati car dealer is offering a 5-year lease (starting today) at 6% on a vehicle. The deal…
A: An agreement among a lessor and a lessee for the hiring of a particular asset for a given period in…
Q: Sam got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings…
A: The periodic regular payment made either to accumulate funds for a particular purpose or to repay a…
Q: A property was purchased for $8081.00 down and payments of $858.00 at the end of every six months…
A: A mortgage is a loan that is taken out to purchase a property. The property itself acts as…
Q: When the present value of the cash flows on a large bond portfolio changes because one the issuers…
A: The correct choice here , is the last option , which is option D. When the present value of the cash…
Q: What quarterly deposits should Daniella make in order to save $50,000 in 15 years if money can earn…
A: The Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…
Q: Enter the values you need to put in the TVM calculator. Remember that money paid to the bank is…
A: Future Value The value of a financial asset at a certain point in the future is called the future…
Q: How much should SKF Steel Company invest in a fund to be able to withdraw $10,000 at the end of…
A: Future value of money includes the amount being deposited over the period of time and interest…
Q: Let's assume you borrowed $2000 from Wells Fargo Bank on July 1. The annual Percentage Rate is 5%.…
A: The periodic payment is payments made to repay the loan or debt. The periodic payment is made at…
Q: hen a firm announces an upcoming seasoned stock offering, the market price of the firm's existir…
A: When the company need money for expansion and growth of the company than company tends to issue new…
Q: Bonds have several unique terms and features. Required: BRIEFLY describe or provide example(s) of…
A: Bonds are reflective of fixed income securities which will offer with regular coupon rate and they…
Q: Prepare trend graphs (in Excel) for 2021, 2022 and 2023 showing: Total revenues growing at 20% each…
A: Trend line helps in analysing the performance of the line item. For revenue, Net income and EPS…
Q: Upton Umbrellas has a cost of equity of 11.7 percent, the YTM on the company's bonds is 6.3 percent,…
A: Book value of equity = Book value of assets-Book value of debt = $953000-$411000 = $542000 Market…
Q: question 4 Which of the regulations and policies have been used to manage the 2008/2009 financial…
A: The 2008 financial crisis, also referred to as the subprime mortgage crisis, was a financial crisis…
Q: Forecast an Income Statement Seagate Technology reports the following income statement for fiscal…
A: Assumptions given: Revenue growth 5% growth Cost of revenue 71.8% of revenue…
Q: C stock is currently at 100. In the next period, the price will either increase by10% or decrease by…
A: Call options gives the opportunity to buy the stock on maturity of period by payment of small…
Q: 4. Assume a client provide you with the following information. How long would their retirement…
A: Retirement planning is a way of safeguarding the future after retirement as we would not be able to…
Q: Veronica takes out a $400,000, 30-year mortgage with an interest rate of 5.0% APR. What is…
A: P = Principal loan amount i.e. $400,000 r = Monthly interest rate i.e. 0.00416666666666667 (0.05 /…
Q: Describe a credit default swap and its purpose. Note the rationale for the protection buyer and the…
A: The question to above are answered below:
Q: A project has an initial cost of $34276 and a three-year life. The company uses straight-line…
A: Average accounting rate of return( on basis of initial investment). =( average net income ×100) ÷…
Q: Scheduled payments of $890 due today, $525 due in 15 months, and $555 due in 33 months are to be…
A: The concept of TVM states that money has an inherent interest-earning capacity, making money earned…
Q: The finance director of Chessington Inc. is reviewing their target c in light of their varying cash…
A: Maintaining optimal level of cash is very important and too less cash or too more cash is not good…
Q: Gannet New York Times McClatchy Media General 326 Lee Enterprises Average Maximum Minimum…
A: Multiple method is being used for valuation of the similar companies and valuation of the similar…
Q: with
A: Laon fees = 1.75%, in amount = 1.75/100*$12,000,000=210000 So the total loan value =12000000…
Q: A contract can be fulfilled by making an immediate payment of $7262, or equal payments at the end of…
A: Present value The value of an investment today is known as its present value. Present value is the…
Q: The Leonardo Family's got $500,000 mortgage has an amortization period of 25 years. Let's assume…
A: Mortgage refers to the amount borrowed against the purchase of the real estate. Amortization of the…
Q: Compute the size of the final payment for the following loan. Periodic Principal $ Payment $ 9900…
A: The periodic payment is made at the regular interval to pay the loan or debt. The loan can be repaid…
Q: lender makes a 10 year loan of 120,000 which is to be paid by level paym 1. The interest rate for…
A: Loans are paid by the monthly payments and these are fixed monthly payments and these monthly…
Q: The SPDR (Standard & Poor 500) ETF has average annual return of 1.5% and standard deviation of 9.1%.…
A: Value at risk is a statistical measure of determining the risk of a portfolio. It is calculated as…
Q: Which of the following are common POSITIVE bank covenants? Indicate ALL that apply. Achieve a…
A: Positive bank covenant are the covenants meant for maintaining the financial health and well-being…
Q: A company borrowed at 3.27% compounded annually to purchase equipment, agreeing to make payments of…
A: Loan: The loan represents the amount borrowed by the borrower from the lender. The borrower markets…
Step by step
Solved in 2 steps
- eNOWv2 | Online teachin X Assignment/takeAssignmentMain.do?inprogress=true 它☆ Maps Facebook Zoom O Student Center Bb Blackboard WhatsApp G grammarly unemployment Sunny Hills Farm estimated its payroll for the coming year to be $102,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter. Required: 1. Calculate the estimated cost of workers' compensation insurance for the year. 2. Show the journal entry for the first quarterly payment on January 2, 20-. If an amount box does not require an entry, leave it blank. Page: POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 Jan. 2 1 2. 2. %24Filé Edit Förmat View Help COMPA RATIO AVERAGE SALARY OF EMPLOYEES/MIDPOINT OF RANGE Given: Pay grade 1 Midpoint range" $2,175 per month Salary of Employees in Pay Grade E1- $2,306 E2- $2,066 E3- $2,523 E4- $2,414 what is the average salary of employees? What is the compa-ratio?2 Online teachin x DoMyHomework123.com - Orde x ment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress3false Computing Overtime Rate of Pay and Gross Weekly Pay Mike Fritz receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Fritz's overtime rate of pay. overtime pay per hour b. Calculate Fritz's total gross weekly pay if he works 47 hours during the week. Previous Next 9:09 AM A 40) 3/22/2021 EGO Prisc Deletg F4 262 %24 Backsnac 4. R
- Bookmarks < Window Help 00 eBook C CengageNOWv2 | Online teaching and learning resource from Cengage Learning v2.cengagenow.com Show Me How Feedback a. Determine the employee's gross pay for the week. 1,830 ✔ b. Determine the erpolovee's net pay for the week Round your answer to two decimal places. X Incorrect Calculate Payroll An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 54 hours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $295. Check My Work 9 more Check My Work uses remaining. APR 17 All work saved. MacBook Pro Check My Work Gross pay represents the total earnings of an employee for a specific pay period, prior to taxes and deductions. Net pay is also known as take-home pay. Okay tv ♫ 94 Thank ☎ < q 3 Cengage Learning Email Instructor Save and Exit . Previous Mon Apr 17 4:0 Submit Assignmen NextLucido Products markets two computer games: Claimjumper and Makeover. A contribution format incomestatement for a recent month for the two games appears below:Claimjumper Makeover TotalSales ............................................ $30,000 $70,000 $100,000Variable expenses ...................... 20,000 50,000 70,000Contribution margin ..................... $10,000 $20,000 30,000Fixed expenses .......................... 24,000Net operating income .................. $ 6,000Required:1. Compute the overall contribution margin (CM) ratio for the company.2. Compute the overall break-even point for the company in sales dollars.3. Verify the overall break-even point for the company by constructing a contribution format incomestatement showing the appropriate levels of sales for the two products.Prepare a schedule of 15 The owner of a small mining supply company has requested a cash budget é After examining the records or the company, you find the following: ch Budget ust. a. Cash balance on June 1 is $345. b. Actual sales for April and May are requires develope Overh prod April Мay Cash sales Credit sales Mai $ 10,000 25,000 $35,000 Pov $15,000 25,000 Inc Re Total sales $40,000 c. Credit sales are collected over a three-month period: 50 percent in the month of sale, 30 percent in the second month, and 15 percent in the third month. The sales collected in the third month are subject to a 1.5 percent late fee, but only half of the affected customers pay the late fee, and the owner does not think it ie worth his while to try to collect from the other half. The remaining sales are Requ 1. L 2. uncollectible. d. Inventory purchases average 60 percent of a month's total sales. Of those pur- chases, 40 percent are paid for in the month of purchase. The remaining 60 per- cent are…
- ABM- BUSINESS MATHEMATIO Grade/Section: 11 ABM toVislse v C. P28,000 vD. P26,000 esE en bns leeHlid1ot 02e A. P27,000 P25,000 В. To 6. Gina has a total monthly deduction of -ge10 P2,845. If her take-home pay is P18,945, how much is her gross earning for working this month? A. P16,100SE CENO B. P22,500 C. P18,945, D. P21,790 7. Mr. Buenaventurado's annual net income is P1,200,000. What is his annual gross income if his annual deduction is 20% of his gross?COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY PAY Rebecca Huang receives a regular salary of 2,600 a month and is paid 1 times the regular hourly rate for hours worked in excess of 40 per week. (a) Calculate Huangs overtime rate of pay. (b) Calculate Huangs total gross weekly pay if she works 45 hours during the week.Customers balance December 31, 2023 om customers e balance, March 31, 2024: cted in 2nd Ot 2024 Data table Total sales Budgeted purchases of direct matenal Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salaries expense Rent expense Insurance experese Depreciation experie Supples expense Print Done 208.000 40,900 37,500 1,100 1.200 6,700 4,000 1,000 1,400 6.240
- Now you try looking at a pay stub: XYZ Ine. XYZ Inc. 111 Centre Street, Toronto, ON X1X 1X1 Earnings Statement Period ending: 27/06/15 Pay date: 02/07/15 Social Insurance Number: 012 345 678 Other Benefits and Earnings Regular Stahol Information this perlod Y.T.D. 238.89 rate hours 38.76 this perlod 436.05 90.00 12.80 $538.85 Y.T.O. 795.40 90.00 31.82 11.25 Vacent 11.25 Vacpay Gross Pay 917.22 Deductions Statutory Federal Tax 80.83 119.31 14.96 39.38 EI 10.14 CPP 26.68 421.20 Net Pay TASK: Using the pay statement example, provide the missing information below: Pay period for this pay Total deductions this pay Employee ID information on this Amount that went into the stub employee's bank account this pay Is vacation being paid out or is it Amount paid this year towards the federal pension given as time off instead? What does STAHOL mean What is their hourly rate How many hours did they actually work this pay period, on the job? Statutory deductions this pay were: 2) 3) Calculate the…YE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holonSolve 29-day billing cycle 4/17 Billing date Previous Balance $1,100 4/27 Payment $ 700 4/29 Charge $ 300 5/7 Payment $ 50 Find the Average daily balance:
