Has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640. how long, on average, does it take the firm's customers to pay for their purchases? assume a 365-day year.
Answers
To calculate the average collection period, we need to divide the accounts receivable by the average daily sales. Therefore, it takes the firm's customers, on average, approximately 33.03 days to pay for their purchases.
To calculate the average collection period, we need to divide the accounts receivable by the average daily sales.
First, we calculate the average daily sales by dividing the annual sales by the number of days in a year:
Average daily sales = Sales / Number of days
Average daily sales = $980,000 / 365
Average daily sales = $2,684.93 (rounded to two decimal places)
Next, we divide the accounts receivable by the average daily sales to find the average collection period:
Average collection period = Accounts Receivable / Average daily sales
Average collection period = $88,640 / $2,684.93
Average collection period = 33.03 days (rounded to two decimal places)
Therefore, it takes the firm's customers, on average, approximately 33.03 days to pay for their purchases.
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Related Questions
6. expectations play a crucial role in the financial markets as well as the overall economy. consider the effect of a ramping up in inflation expectations on wages and prices. how would that work?
Answers
In conclusion, a ramping up of inflation expectations can cause a chain reaction of higher wages and prices throughout the economy. This can lead to a wage-price spiral that further contributes to actual inflation, making it essential for policymakers to manage inflation expectations effectively to maintain economic stability.
Inflation expectations play a crucial role in the financial markets and overall economy. When there is a ramping up in inflation expectations, it can have a significant impact on wages and prices.
Step 1: Increase in inflation expectations
Inflation expectations refer to the anticipated rate of inflation in the future. When people expect higher inflation, they tend to take actions to protect themselves from its negative effects, such as demanding higher wages and raising prices.
Step 2: Impact on wages
As inflation expectations rise, workers will typically demand higher wages to maintain their purchasing power. This is because they anticipate the cost of living to increase due to rising prices, so they want to ensure their income keeps pace with inflation.
Step 3: Impact on prices
Similarly, businesses may raise their prices in response to higher inflation expectations. They do this to cover the increased cost of production, which includes higher wages and potentially higher prices for raw materials and other inputs.
Step 4: Wage-price spiral
This can lead to a wage-price spiral, where higher wages lead to higher prices and vice versa. The wage-price spiral can cause actual inflation to rise, as both workers and businesses continuously adjust their expectations and actions based on the anticipation of higher inflation.
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Prices usually allocate resources efficiently because they allocateresources to the lowest value good or service.consumption to the lowest value good or service.consumption to the highest cost of good or serviceresources to the highest value good or service
Answers
The appropriate statement is resources to the highest value good or service. Because they direct resources toward the good or service with the highest value, prices typically manage resources effectively.
What does it mean to distribute resources?Resource allocation is the process of allocating and managing resources in a manner that satisfies a company's key planning goals. In order to get the most out of soft assets like human capital, resource allocation entails managing real assets like hardware. The purpose of resource allocation
Why is resource distribution crucial?To avoid staff burnout, effective resource allocation should make sure that the workload is distributed equally among all resources. By ensuring resources have the requisite training, knowledge, and abilities to finish the work assigned to them, effective resource allocation should enable teams to accomplish their goals.
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Standards that represent levels of operation that can be attained with reasonable effort are called.
Answers
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check when it is presented for payment
Answers
Answer:
The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.
Explanation:
If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.
Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio.
A. 85%
B. 25%
C. 40%
D. 30%
I’m in between B and C because if you take away the 20% for taxes, you get 8,000 and 2000/8000 is 25%, BUT 2000 is 20% of 10000 and plus the 20% for taxes is 40%. What do I do?
Answers
Answer:
c because isnt 2000=20% of 10000 so 40%
Explanation:
Many people are paid wages "under the table" or in the
form of cash with no taxes deducted. Do you believe
this is an acceptable practice or unethical? Please
defend your answer.
Answers
what are the two major types of knowledge management systems?
Answers
The two major types of knowledge management systems are structured knowledge management systems and unstructured knowledge management systems.
Structured knowledge management systems are designed to organize and store explicit knowledge in a structured manner. These systems typically include databases, document management systems, and knowledge repositories. They allow for the categorization, storage, and retrieval of information in a systematic way, making it easier for users to access and utilize explicit knowledge.
On the other hand, unstructured knowledge management systems focus on capturing and managing tacit knowledge, which is often embedded in people's experiences, expertise, and interactions. These systems employ collaborative tools, social networking platforms, and expertise locators to facilitate knowledge sharing, collaboration, and informal learning among individuals within an organization.
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Which of the following statements concerning zero balance accounts is not correct?
A. They are set up to handle disbursement activity.
B. The account has a minimum amount at all times.
C. Checks are automatically transferred into the account as checks are presented for payment.
D. The transfer is automatic and involves an accounting entry only.
E. The master and the zero balance accounts are located at the same bank.
Answers
The following statements concerning zero balance accounts is not correct Option B. The account has a minimum amount at all times.
This statement is not correct concerning zero balance accounts. A zero balance account (ZBA) is designed to maintain a balance of zero and any funds needed for disbursements or payments are transferred automatically from a master account. There is no minimum amount maintained in a ZBA at all times.
Option B states that the account has a minimum amount at all times, which is incorrect as a zero-balance account is an account that doesn't require any minimum balance to be maintained. Thus, option B is the correct answer.
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[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -
Answers
All of your answers are correct.
The questions given and their appropriate responses can be seen below:
1. Tech Support is an example of a B2B internet service.
2. Many companies have sophisticated tracking software - Critical incident technique.
3. Reliability is not a characteristic of a service.
4. Experience qualities is the encounter between service-consumer that occurs during delivery of the service
5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.
6. Gap analysis is the measure of the difference between a customer's expectation.
7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.
8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.
9. John always takes his car to the same place for an oil change - Augmented
10. Response qualities is not a service of quality attribute.
What is Service marketing?This is defined as the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.
The answers to the questions given can be seen appropriately given above.
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which is better: to lease or to buy? a car buyer has two financing alternatives: to lease or to purchase. it is important to evaluate all the options and analyze the consequences of lease versus purchase decision. the understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. how should a lease-versus-purchase analysis be conducted? how can this worksheet be applied to help you or someone else make their financing decision? consider the following scenario:
Answers
The decision to lease or buy car depends on various factors, including your financial situation, lifestyle, and preferences.
What is a lease?A lease is a legal agreement between a property owner, known as the landlord or lessor, and a tenant or lessee, who pays rent to use the property for a specified period of time. The lease outlines the terms and conditions of the rental arrangement, including the amount of rent, the duration of the lease, and any rules or restrictions that apply. It typically includes provisions related to the security deposit, maintenance responsibilities, and potential consequences for breaching the terms of the lease. A lease provides protection for both the landlord and the tenant, ensuring that each party knows their rights and responsibilities during the rental period. At the end of the lease, the tenant must vacate the property or renew the lease if both parties agree.
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Debbi Fields' success as an entrepreneur can be attributed to her prior business training and
experience.
False
True
Answers
Answer: False
Explanation:
Hamp Crafts would like customers to be able to create an account with their shipping, billing, and contact information. For customer orders, Hamp Crafts would like to accept credit and debit cards for transactions. Hamp Crafts plans on using an established credit card vendor service (e.g., Square, Shopify) to receive customer payments. Once a transaction is complete, the customer should receive a notification based on the information in their personal profile regarding order status and confirmation. On the administrative side of the online storefront, Hamp Crafts should receive an alert of the transaction. Customers should be able to check the status of their order any time online from their personal account profile under order history. The business owners also need an administrative back end for customer support and updates to customer information and the website.
Interpret the object model for the new online storefront by responding to the following prompts:
What are the different functions of the online storefront? How are they represented in this type of model?
Answers
In the given scenario, the online storefront for Hamp Crafts has several functions. Let's analyze them and see how they can be represented in an object model:
Account Management:
- Function: Allowing customers to create an account and manage their personal information (shipping address, billing information, contact details).
- Representation: This can be represented by a "Customer" class that holds attributes such as name, email, shipping address, billing information, etc.
2. Payment Processing:
- Function: Accepting credit and debit cards for customer transactions.
- Representation: This can be represented by a "Payment" class that handles the transaction details, such as the payment amount, card information, and the integration with the chosen credit card vendor service (e.g., Square, Shopify).
3. Order Management:
- Function: Managing customer orders, including order status, confirmation notifications, and order history.
- Representation: This can be represented by an "Order" class that tracks order details, such as order ID, customer ID, order status, and relevant timestamps. The "Customer" class mentioned earlier can have a reference to the customer who placed the order. Additionally, an "OrderHistory" class or data structure can be used to maintain a history of orders for each customer.
4. Administrative Backend:
- Function: Providing a back-end system for administrative tasks, customer support, and website updates.
- Representation: This can be represented by an "Admin" class that has privileges to access and modify customer information, update the website content, and handle customer support requests.
Overall, the object model for the online storefront could include classes such as "Customer," "Payment," "Order," and "Admin," along with their respective attributes and methods. These classes would represent the different functions of the online storefront and enable the system to handle account management, payment processing, order management, and administrative tasks.
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A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?
Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems
Answers
The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
The food products $ processing systems is a department in the Food, and Natural Resource
The department is responsible for tasks including:
Bulk food production Development of ways to process, package or store food etcIn conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
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Which of these are required to calculate the current value of a bond? Check all that apply.
-applicable market rate
-coupon rate
-par value
-Price at the time of bond issue
-Time remaining to maturity
Answers
To calculate the current value of a bond, you need to know the applicable market rate, the coupon rate, the par value, the price at the time of bond issue and the time remaining to maturity.
The market rate is the current rate of return that investors receive when they purchase bonds in the form of interest payments. The set interest rate that the bond's issuer must pay to the bondholder is known as the coupon rate.
The price at the time of bond issuance is the amount investors paid for the bond when it was initially issued. The par value is the bond's face value.
Last but not least, the length of time left before the bond matures and is returned to the bondholder. You can determine the current value of a bond by knowing all of these elements.
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whar is an incentive
Answers
Answer:
It acts as a stimulus to a market
Explanation:
Incentive encourages people to act in a particular and desired way. It is anything that motivates people to work hard to achieve set objectives.
Since incentives influence behavior, they can act to stimulate the market. Stimulating the market refers to the actions that encourage increased economic activities. Incentives lead to increased levels of activities in the market.
What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
Ivan has inherited his grandmother’s 1963 Chevrolet Corvette (trust me this is a hot car to own – if you watched Lucifer on TV you know it), which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? Show your calculations. What is the total economic surplus? Explain how you arrived at this number.
Answers
This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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How might working place in a team organizations improve communication??
If you don’t know the answer pls leave it!
Answers
Answer:
Make “Sticky” Information Accessible. ...Make the Mission and Vision Clear. ...Strengthen Connections. ...Create Open Dialogue. ...Encourage Information Sharing. ...Online Project Management Tools. ...Plan External Events.Answer:
1.Estsblish a foundation first
2.prove through your words and actions that you 'ready trust worthy
3.avoid making quick assumptions
4.keep work flows transparent
5.offer compliments in a thoughtful way.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Which type of information includes personal payroll medical and operational information.
Answers
The type of information including personal payroll medical and operational information is Sensitive.
Fairly touchy humans tend to pick up on the wishes and feelings of others. They hate letting human beings down. Studying to mention no is an assignment and a need for HSPs because they are able to sense overwhelmed by the demands of others, particularly due to the fact they can sense their pals' unhappiness if HSPs want to mention no.
Being Sensitive isn't a horrific aspect! Your tough-stressed-out nature brings you blessings of pleasure and happiness. Your consciousness of and empathy for different people are assets of electricity. You certainly surprise why human beings and matters are the manners they may be.
The advantageous developments of people who are particularly touchy consist of emotional consciousness, empathy for others, the potential to pick out up on small cues that others pass over, dedication to equity and justice, passionate and modern thinking, and the capability to demonstrate desirable leadership through valuing others.
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6. This paycheck method can have many fees associated with it (1 point)
Paper Paycheck
Direct Deposit
Payroll Card
Answers
Answer:
Paper Paycheck
Imagine a friend, who has a degree in business information management and certifications in IT, is looking for a job in a large multinational company or a consultancy firm. Research online and inform your friend about any three of the available career options and their related job descriptions.
Answers
Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
Answer:
I researched online and found the following career options in business information management. Here are the job descriptions for each of the three careers.
Information manager: An information manager is required to analyze and implement information solutions for companies. The job description includes the following tasks:
Provide information on the latest trends in information management.
Develop and maintain online portals on information management.
Analyze information and implement solutions based on the analysis.
Provide training to those who use the implemented information.
Attend review meetings on information management and contribute ideas/opinion.
Update one’s own knowledge on information management by attending seminars and work groups.
IT consultant: IT consultants advise managers on how to develop new IT-enabled solutions. The job description includes these tasks:
Assess the performance of existing business systems.
Draw up strategic plans and implement new business processes.
Train employees on implemented IT solutions/business processes.
Propose solutions for organizations that want to improve their software systems.
Install data networks and provide support for troubleshooting.
Management trainee: Management trainees usually follow a two-year “on the job” training and continue their career in a management position. Their job description includes these tasks:
Perform tasks in response to instructions from seniors.
Get trained on the allotted work and department.
Track own performance progress and set performance goals.
Get acquainted with operations, management system, and company policies.
Explanation:
PLATO
Which of the following factors should be investigated in order to increase the likelihood of sales success? A) Product knowledge and benefits B) Knowledge of competitors' products C) sales presentation planning D) All Answers are correct
Answers
D) All answers are correct. To increase the likelihood of sales success, it is essential to investigate multiple factors that contribute to effective sales performance. Each of the options mentioned plays a significant role in achieving sales success:
A) Product knowledge and benefits: Having a deep understanding of the product or service being sold is crucial. Sales professionals should be able to effectively communicate the features, advantages, and benefits of their offering to potential customers.
B) Knowledge of competitors' products: Understanding the products and services offered by competitors allows salespeople to position their offerings effectively. By knowing the strengths and weaknesses of competing products, sales professionals can highlight the unique value and advantages of their own offerings.
C) Sales presentation planning: Planning and preparing for sales presentations is essential for delivering a persuasive and impactful pitch. Sales professionals should carefully plan their approach, tailor their presentation to the specific needs and interests of the customer, and anticipate potential objections.
By investigating and addressing all of these factors, sales professionals can enhance their chances of success and effectively engage with potential customers, leading to increased sales performance.
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Market failure describes a situation in which the market itself ______________________ in a way that balances social costs and benefits. Group of answer choices fails to allocate resources efficiently remains outside the transaction avoids externalities incurs the costs outside the production process
Answers
When there is market failure, it means that the market itself fails to allocate resources efficiently between social costs and benefits.
What causes market failure?Market failure happens when the market does not balance its social costs and benefits efficiently.
For instance, the costs might outweigh the benefits which leads to losses and so a market failure would occur.
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Someone who likes building, designing, or creating things probably has a(n) _____. a. naturalistic learning styles b. bodily/kinesthetic learning style c. logical/mathematical learning style d. visual/spatial learning style Please select the best answer from the choices provided A B C D
Answers
Answer:
I assume D
Explanation:
A It tips me off of the idea from an naturalist style, belief that only natural laws
so this would go against the construction of man kind and society which is the opposite answer we want
b doesn't seem to be the answer as if " learning takes place by the students carrying out physical activities, rather than listening to a lecture or watching demonstrations." this is a student basically, instead sitting and listening they get to learn by doing activates
C logical and mathicals ways is different from designs and the artistic way of building this seems to be in a career for maybe a bank teller or a teacher
also I tested this on the answering sheet myself and it was correct
A. b. bodily/kinesthetic learning style more accurately describes someone who likes building, designing, or creating things.
Unlike a naturalistic learning style that encourages learning in a natural environment, the bodily/kinesthetic learning style relies on hand movements.
The bodily/kinesthetic learning style is different from a logical/mathematical style because, in the latter, the reliance is on making connections and patterns with numbers.
Lastly, the bodily/kinesthetic learning style is preferred by the person who likes building, designing, or creating things to the visual/spatial learning style, which encourages learning using visual aids.
Thus, the person who likes building, designing, or creating things has a bodily/kinesthetic learning style.
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Yosef recently bought stock in a company. After his purchase, the company had a horrible year and lost a lot of money. What is MOST likely to happen as a result of this performance? A. Yosef will get a share of the profit. B. Yosef will lose money from his initial investment. C. The business will buy back all of Yosef's stock. D. Yosef will be forced to pay the company so it can survive
Answers
Answer:b
Explanation:
if the company’s revenue goes down the stock for said company goes down
A portfolio consists of the following 2 stocks: Stock Amount Invested Beta A $1 million 1.6 B 0.2 million 0.6 Market risk premium is 5% and the risk free rate is 6%. What is the required return on the portfolio? a. 12.3% b. 13.2% c. 14.1% d. 11.7%e. 13.7%
Answers
The required return on the portfolio is 12.65%. None of the answer choices provided match exactly, but the closest one is option (a) 12.3%.
Required Return = Risk-free rate + Beta * Market Risk Premium
First, let's calculate the weighted average beta of the portfolio:
Weighted Beta = (Amount Invested in Stock A / Total Portfolio Value) * Beta of Stock A + (Amount Invested in Stock B / Total Portfolio Value) * Beta of Stock B
Weighted Beta = (1,000,000 / 1,200,000) * 1.6 + (200,000 / 1,200,000) * 0.6
Weighted Beta = 1.33
Required Return = 6% + 1.33 * 5%
Required Return = 12.65%
None of the answer choices provided match exactly, but the closest one is option (a) 12.3%.
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If you bought 100 shares of Company X at $30 per share, and sold it one
month later at $40 per share, what would be your total profit?
Answers
Answer:
$1,000
Explanation:
Number of shares bought 100 shares
Buying price = $30
Selling price= $40
The total profit will be total sales - total buying costs
=($40 x 100) -($30 x 100)
=$4,000 - $3,000
=$1,000
when patey pontoons issued 6% bonds on january 1, 2024, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 7%. the bonds mature december 31, 2027 (4 years). interest is paid semiannually on june 30 and december 31. required: determine the price of the bonds at january 1, 2024. prepare the journal entry to record their issuance by patey on january 1, 2024. prepare an amortization schedule that determines interest at the effective rate each period. prepare the journal entry to record interest on june 30, 2024. what is the amount related to the bonds that patey will report in its balance sheet at december 31, 2024? what is the amount related to the bonds that patey will report in its income statement for the year ended december 31, 2024? (ignore income taxes.) prepare the appropriate journal entries at maturity on december 31, 2027. note: use tables, excel, or a financial calculator. (fv of $1, pv of $1, fv of $1, pv of $1, fv of $1 and pvad of $1)
Answers
Patey pontoons issued 6% bonds on january 1, 2024, with a face amount of $600,000. Price of bonds is $ 522,440
Elaborating the problem:n = 4 × 2 = 8 years
10 % ÷ 2 = 5 %
Price of bond = principal amount × PVF ( 5% , 8 years ) + interest × PVAF ( 5% , 8 years )
= $ 600,000 × 0.676839 ) + ( 600,000 × 6 % × 6/12 ) × 6.463213
= $ 406103 + $ 116337
= $ 522,440
Date General journal Debit Credit
jan 1, 2024 cash $ 522,440
discount on bond payable 77,560
bonds payable $ 600,000
Semi-annual interest period-End Cash interest Bond interest expense Discount amortization Unamortized discount Carrying value
01/01/2021 $77,560 $522,440
06/30/2021 $18,000 $26,122 $8,122 $69,438 $530,562
12/31/2021 $18,000 26528 $8,528 $60,910 $539,090
06/30/2022 $18,000 26955 $8,955 $51,955 $548,045
12/21/2022 $18,000 27402 $9,402 $42,553 $557,447
06/30/2023 $18,000 27872 $9,872 $32,681 $567,319
12/31/2023 $18,000 28366 $10,366 $22,315 $577,685
06/30/2024 $18,000 28884 $10,884 $11,431 $588,569
12/31/2024 $18,000 29428 $11,431 $0 $600,000
Journal entries as follows:
Date General Journal Debit Credit
Jun. 30, 2021 Interest expense $26,122
Discount on bond payable $8,122
Cash $18,000
5.Bond reported on December 31, 2024 = $539090
6.Interest expense reported ($26122+$26528) = $52,650
7.Journal entries as follows:
Date General Journal Debit Credit
Dec. 31, 2024 Interest expense $29,429
Discount on bond payable $11,429
Cash $18,000
Dec. 31, 2024 Bond payable $600,000
Cash $600,000
Bond: What is it?
Businesses issue bonds, which are securitized assets that can be traded as units of corporate debt. A bond is referred to as a fixed-income instrument because bondholders typically receive a coupon with a fixed interest rate.
A bond is a debt security, just like an IOU. Borrowers issue bonds to raise money from investors who are willing to lend them money for a predetermined amount of time. When you buy a bond, you are lending money to the issuer, which could be a government, municipality, or corporation.
There are five main types of bonds: municipal, corporate, agency, savings, and Treasury Each type of bond has its own sellers, buyers, and risk-to-return ratios. Bonds can also be benefited by purchasing securities based on bonds, such as bond mutual funds.
Learn more about bonds:
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