Find the present value of an ordinary annuity with deposits of $8,989 every 6 months for 6 years at 9.6% compounded semiannually. What is the present value? $ (Round to the nearest cent.)

Q: Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach…

A: Formulas: 1) Value added time = Total time of all steps 2) Non value added time = Within batch wait…

Q: Corporate finance is the area of finance dealing with the following EXCEPT_ Sources of Funds and…

A: Corporate Finance refers to the area which deals with the sourcing of funds and raising capital from…

Q: Mint Company is preparing a flexible budget for next year and requires a breakdown of the factory…

A: Variable Cost :— It is the cost that changes with change in cost driver. Variable cost per cost…

Q: Required information Skip to question   [The following information applies to the questions…

A: The contribution to the retirement funds is tax deductible, however, tax defines the rule for…

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A: A taxpayer may have to transfer assets from one retirement plan to another for many different…

Q: The price per share will be $ (Round to the nearest cent.)

A: The price per share will be $48.35 or $48

Q: I thought you had to multiply the shares for Journal entries

A: No the shares are not to be multiplied for the journal entries since the amount repsrents the total…

Q: Mr. Chow, Ms. King, Mr. Jolly and Ms. Bee formed a partnership on Jan. 01, 2017 with original…

A: Partnership means where two or more person comes together to run the business and share profit or…

Q: Storm, Inc. manufactures bicycles. Storm currently manufactures the seats used on its bikes, but is…

A: Make or buy decision is an important part of decision-making in various industries that manufacture…

Q: Department A had no Work-in-Process at the beginning of the period, 2,600 units were completed…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: Andrea is an employee of Fern Corporation and single. She also has her own business working as a…

A: The total Payroll is required to be computed to reach the amount of net pay received by the employee…

Q: a beta of 0.73. What is its expected return? The expected return is%. (Round to two decimal places.)

A: Introduction:- The following formula used to calculate as follows:- Expected return =Risk free rate…

Q: Determine the proper order of the steps in which a new company's master budget should be prepared. +…

A: Let us know about master budget Businesses may find master budgets to be a useful tool. A master…

Q: Buying shares in a corporation is attractive to investors because: a All of these answers are…

A: Shareholder's are the owner's of the corporation in which the amount of capital is known as…

Q: Murray Company reports net income of $769,500 for the year. It has no preferred stock, and its…

A: BASIC EARNINGS PER SHARE :  =  (NET INCOME - PREFERRED DIVIDEND) / WEIGHTED AVERAGE COMMON SHARES…

Q: Required information [The following information applies to the questions displayed below] Global…

A: Common stock is a security that represents ownership in a corporation.

Q: Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its…

A: The manufacturing overhead costs include the indirect costs incurred during the period. The…

Q: Schedule of Activity Costs Quality Control Activities Process audits Training of machine operators…

A: Activity costs are those costs which are incurred by the entity on the activities of the entity…

Q: Grouper Corporation is authorized to issue 22,000 shares of $50 par value, 10% preferred stock and…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: You are getting ready to start a new project that will incur some cleanup and shutdown costs when it…

A: In order to calculate NPV, we must first determine the present value of all cash inflows and the…

Q: Wainscot Industries has $50,850 of working capital, $36,320 of current liabilities, and $116,880 of…

A: The difference between the current assets and current liabilities is called the Working Capital.…

Q: Use the following information for the Exercises below. (Algo) [The following information applies to…

A: Common Size Statement - We will get use following formula - For Accounts Receivable (Current Year…

Q: mat weights should it use for its WACC calculation? Assets $1,030 Debt Equity Liabilities & Equity $…

A: Answer :Market value of debt = 500 Market value of equity = 530*1.4= 742 Weight of debt = 500 / (500…

Q: Han Products manufactures 37,000 units of part S-6 each year for use on its production line. At this…

A: MAKE OR BUY DECISION Sometimes a manufacturer has to decide as to whether a certain component or…

Q: Suppose that A arranges for B to clean A's windows, and promises to pay B $1000 for his work. B does…

A: Consideration is a fee made with the aid of using one birthday celebration to some other in trade…

Q: Assume a company is preparing a budget for its first two months of operations. During the first and…

A: A cash budget is prepared to estimate the total cash received and total cash disbursement. It is…

Q: Cullumber Inc. assigns $4728000 of its accounts receivables as collateral for a $3.30 million loan…

A: The journal is frequently referred to as the "book of original entries" because it serves as the…

Q: XLM Inc. sells a single product for a budgeted selling price of $21 per unit. Budgeted direct…

A: STATIC BUDGET VARIANCE The static budget is used as the basis from which actual results are…

Q: Increasing the down payment on a mortgage reduces both the size of the monthly payments and the…

A: Loan is a financial arrangement in which one party provides a lump sum amount to other party. The…

Q: Cullumber Company expects to produce 6,500 units of product IOA during the current year. Budgeted…

A: A static budget, which remains constant despite changes in business activity, forecasts revenues and…

Q: Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4,…

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Q: Hayden Corporation uses an enterprise resource planning (ERP) system. In their audit of receivables…

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Q: During the past month, the following costs were incurred in the three production departments and two…

A: The reciprocal method is one of the methods in cost allocation. such a method uses a simultaneous…

Q: Mr. Rankine bought a piece of property for P 120,000 down payment and 10 deferred semi-annual…

A: Time Value of Money :— According to this concept, value of money in present day is greater than the…

Q: Compute the breakeven revenue. Revenue Variable costs Contribution margin $40,000 30,000 10,000

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Q: Ariana and John who file a joint return have to dependent children, Kai and Angel. Kai is a freshman…

A: The Lifetime Learning Credit (LLC) is a tax credit score used to offset the price of lessons and…

Q: The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2,…

A: The dividend is a part of the profit distributed to the existing shareholders. The stock dividend is…

Q: Garnet Enterprises is considering an investment in new equipment that would allow the company to…

A: Simple rate of return is calculated by dividing the Net operating income by the initial investment.…

Q: Zulu sells its waterproof phone case for $114 per unit. Fixed costs total $222,000, and variable…

A: The units to achieve the targeted profit is calculated by adding the target profit and fixed cost…

Q: Millbourne corporation has acquired a property that includes both land and a building for $550,000.…

A: Percent of total appraised value = (Appraised value of asset / Total Appraised value of all…

Q: Assume the sales budget for April and May is 39,000 units and 41,000 units, respectively. The…

A: The direct material purchase budget is the part of the master budget of the company. A direct…

Q: Fred decides to gift 25 shares of ABC to his favorite charity. He had purchased the shares in 2015…

A: generally, the gift is given by one relative party to another relative party. But sometimes gifts…

Q: Prepare an income statement for the three months ended December 31, 2021. Revenue BUSINESS SOLUTIONS…

A: An income statement is a financial statement that represents the financial performance of the…

Q: How does the master budget for a merchandising organization differ from the master budget for a…

A: The master budget is one of the most important records produced by a company throughout the planning…

Q: Astor Industries plans to automate its production process. The new equipment will cost $460,000 and…

A: NET PRESENT VALUE Net Present Value is one of the Important Capital Budgeting Technique. Net…

Q: Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543…

A: Introduction: Trend analysis is a tool used by the management to evaluate performance of the company…

Q: Required information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the…

A: a. Selling Price of ware house and land=$195,000 Appraised Value of Land=$130,500 Appraised value of…

Q: Prepare a schedule showing the employer's total cost of wages for November by function. (Round…

A: See the attachment below for answer  1)Answer 1) Prepare a schedule showing the employer’s total…

Q: Quality Control Activities Product testing Assessing vendor quality Recalls Rework Scrap disposal…

A: ANSWER Internal failure costs are those costs which are associated with product defect that are…

Q: Sarcia Company sells snowboards. Each snowboard requires direct materials of $105, direct labor of…

A: The markup cost is the added price to the cost price of the product. The selling price is calculated…