Use the following information to answer this question.Windswept, Inc.2017 Income Statement($ in millions)Net sales $ 9,600 Cost of goods sold 7,550 Depreciation 380 Earnings before interest and taxes $ 1,670 Interest paid 95 Taxable income $ 1,575 Taxes 551 Net income $ 1,024 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions)2016 2017 2016 2017 Cash $ 200 $ 230 Accounts payable $ 1,410 $ 1,542 Accounts rec. 950 850 Long-term debt 1,040 1,273 Inventory 1,690 1,625 Common stock 3,200 2,950 Total $ 2,840 $ 2,705 Retained earnings 510 760 Net fixed assets 3,320 3,820 Total assets $ 6,160 $ 6,525 Total liab. & equity $ 6,160 $ 6,525 What is the equity multiplier for 2017?
Answers
The equity multiplier for Windswept, Inc. in 2017 is approximately 1.76.
To find the equity multiplier for Windswept, Inc. in 2017, we will use the following formula:
Equity Multiplier = Total Assets / Total Stockholders' Equity First, we need to find the Total Stockholders' Equity for 2017.
This can be calculated by adding Common Stock and Retained Earnings: Total Stockholders' Equity = Common Stock + Retained Earnings Total Stockholders' Equity
= $2,950 million + $760 million Total Stockholders' Equity = $3,710 million
Now, we can use the Equity Multiplier formula: Equity Multiplier = Total Assets / Total Stockholders' Equity Equity Multiplier = $6,525 million / $3,710 million
Equity Multiplier ≈ 1.76
The equity multiplier for Windswept, Inc. in 2017 is approximately 1.76.
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Related Questions
Starting from long-run equilibrium at A with output equal to and the price level equal to P1, if there is an unexpected monetary contraction that shifts aggregate demand from AD1 to AD3, then the long-run neutrality of money is represented by the movement from:
Answers
Answer:
A to G.
Explanation:
Aggregate demand curve shifts to left when there is reduction in demanding. It is caused by decline in consumer spending. The equilibrium price level will tend to be affected by this movement of demand curve.
assuming the price of capital (k) is $10 per unit and the price of labor (l) is $5 per unit, what production technique should this firm use to produce 2 units of output? a. production technique a b. production technique b c. the firm is indifferent between production technique a and production technique b. d. it is impossible to determine if the firm should select production technique a or b because total fixed costs are not given.
Answers
Production technique a uses less capital and more labor, whereas production technique b uses more capital and less labor.
The formula for production function: Q = f(K,L)where Q = output or quantity K = capital L = labor Technique a: 2 = 10K + 5L (Technique a)Technique b: 2 = 5K + 10L (Technique b)If the firm uses production technique a; Total cost = 10K + 5L = 10(1) + 5(2) = $20If the firm uses production technique b; Total cost = 5K + 10L = 5(2) + 10(1) = $20Since both techniques have the same total cost, the firm is indifferent between technique a and technique b.
However, the question asked about the "production technique that the firm should use to produce 2 units of output". In this scenario, we are to choose technique b over technique a as it uses fewer units of input (capital + labor) to produce the same amount of output. Therefore, the main answer is option (b) Production technique b.
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don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Answers
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
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Munster inc. debits deferred revenue and credits service revenue. as a result of this adjusting entry, munster's:______
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Munster inc. debits deferred revenue and credits service revenue. as a result of this adjusting entry, Munster's equity will increase
liabilities will decrease
This is further explained below.
What is Revenue?Generally, Revenue is the entire amount of money earned through the sale of products and services connected to the principal activities of the firm. In accounting, revenue refers to the total amount of income generated.
The term "commercial income" is synonymous with "sales" and "turnover" in the business world. Interest, royalties, and many other fees may all be sources of income for certain businesses.
In conclusion, Deferred revenue is debited and service revenue is credited by Munster Inc. Munster's equity will rise as a consequence of this adjusting entry, while liabilities will fall.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $8,200 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and earn a return of 5%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $(Round to the nearest cent.)
Answers
The most you would pay for this annuity right now is approximately $139,905.42.
To determine the most you would pay for the annuity, you need to calculate the present value of the future cash flows it will provide. The formula to calculate the present value of an annuity is:
PV = PMT × [1 - (1 + r)^(-n)] / r
Where:
PV = Present Value
PMT = Payment per period
r = Interest rate per period
n = Number of periods
In this case:
PMT = $8,200
r = 5% or 0.05 (since the return is given as a decimal)
n = 35 years
Using the formula, let's calculate the present value:
PV = $8,200 × [1 - (1 + 0.05)^(-35)] / 0.05
PV ≈ $8,200 × [1 - (1.05)^(-35)] / 0.05
PV ≈ $8,200 × [1 - 0.146430 ] / 0.05
PV ≈ $8,200 × 0.853570 / 0.05
PV ≈ $139,905.42
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a dollar today is worth more than a dollar tomorrow if the interest rate is positive.
a. true b. false
Answers
Answer:
a. true
Explanation:
a dollar today is worth more than a dollar tomorrow if the interest rate is positive.
a. true
Compute the MIRR statistic for Project I and note whether to accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 15 percent. Project I
Answers
Answer:
13%
Explanation:
The computation of MIRR is shown below:-
=MIRR({-1000;400;300;200;300;50},15%,15%)
= 12.666%
or
= 13%
Since the MIRR is 12.67% and the appropriate cost of capital is 15% so the project should be rejected as it is less than the cost of capital
For more clarification please find the spreadsheet so that we make more understand.
The approach to planning that focuses on formulating certain tactics to achieve specific organizational goals is called?.
Answers
Management by objectives refers to a planning method that focuses on developing precise tactics to attain specified organisational goals.
What is organizational goals?
Organizational goals are strategic goals established by a company's management to explain expected outcomes and direct employees' efforts.
Establishing organisational goals has numerous advantages: They direct staff efforts, justify a company's business and existence, set performance standards, limit the pursuit of unimportant goals, and serve as behavioural incentives. Organizations must create a strategy for selecting and meeting goals in order for them to have business value. Goals help a corporation identify its mission, grow its business, and meet its financial objectives. Setting precise organisational goals can also assist a company in measuring its progress and determining which tasks must be addressed in order to accomplish those business goals.
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With illustration explain how marriage/synergistic value is created arises
Answers
When two people get together and pool their resources, abilities, and skills to accomplish more than they might have done on their own, they are creating a marriage or synergistic value.
The idea of a puzzle can serve as an example of this value.Think of each person as a jigsaw piece with a distinct shape and pattern. When two people marry, they join their disparate parts to form a more complex and substantial whole.
Without a single component, the total picture would be without something important and crucial that each piece adds.
Similar to this, in an union, each spouse brings unique skills and talents to the table that, when combined, can result in more fulfilment and success than either could get on their own.
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PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
there is a 60 percent probability that a particular stock will earn a 16 percent return and a 40 percent probability that it will earn 8 percent. what is the risk-free rate if the risk premium on the stock is 10.5 percent? a. 2.30 percent b. 5.20 percent c. 10.50 percent d. 4.60 percent e. 6.50 percent
Answers
Therefore, the risk-free rate is 2.3%. The correct answer is option a.
To calculate the risk-free rate, we can use the formula for the expected return:
Expected Return = Probability of Return 1 * Return 1 + Probability of Return 2 * Return 2
Let's plug in the given values:
Expected Return = (0.60 * 0.16) + (0.40 * 0.08)
= 0.096 + 0.032
= 0.128
Now, we can set up the equation for the risk-free rate:
Expected Return = Risk-Free Rate + Risk Premium
0.128 = Risk-Free Rate + 0.105
Subtracting 0.105 from both sides:
Risk-Free Rate = 0.128 - 0.105
= 0.023
Converting the rate to a percentage:
Risk-Free Rate = 0.023 * 100
= 2.3%
The correct answer is option a.
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Which type of advertising does a business use to enhance its image in the market and society?
Through (BLANK) advertising, businesses try to enhance their reputation in the market as well as society.
Answers
Answer:
Public relations
Explanation:
Public relations are the efforts of a company to create good relations between itself and society. It uses the media to relay positive messages about the company to society. Public relations is about creating a goods reputation for the company in the eyes of the community.
In public relations, a company engages in activities that promotes its image in society. It may sponsor sports events, engage in charity work, or partner with the community in other social activities. When such activities are highlighted in the media, they create a good reputation for the company.
Answer:
Public relations
Explanation:
Question 8 of 20
Which person is making the highest risk investment?
A. Daphne invests 50 percent of her portfolio in mutual funds
B. Norville invests 75 percent of his portfolio in stocks,
C. Velma puts half her money in a hedge fund and half in mutual
funds
D. Fred puts half his money in stocks and half in real estate
investments
Answers
The individual that makes the investment that has highest risk is Norville because he invested 75 percent of his portfolio in stocks.
What investment are considered high risk?High risk investment refers to an investment that have large chance of loss of capital and high chance of a devastating loss.
Daphne invests in mutual funds which offeres low risk, Velma and Fred spread their risk to reduce loss if any occur.
Therefore, the Option B is correct.
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Answer:
B
Explanation:
b
Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answers
Answer:
thanks lol
you too-
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
the second state bank has an excess of reserves and is willing to lend them overnight to another depository institution that has a temporary shortage; this lending and borrowing transaction involves the use of:
Answers
The First State Bank has an excess of reserves and is willing to lend them overnight to another depository institution that has a temporary shortage; this lending and borrowing transaction involves the use of - Federal Reserve Fund.
A federal monarchy, in the strict sense, is a federation of states with an unmarried monarch as usual head of the federation, but maintaining exclusive monarchs, or having a non-monarchical system of presidency, within the diverse states joined to the federation. The time period become added into English political and ancient discourse through Edward Augustus Freeman, in his history of Federal authorities (1863). Freeman himself notion a federal monarchy simplest viable in the summary. Traditionally, the most distinguished example of a federal monarchy in the Western world turned into the German Empire (1871–1918) and, to a lesser volume, its predecessors (North German Confederation and German Confederation). The head of country of the federation was a monarch.
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You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
Answers
The percent of your balance will remain in the checking account is 90.26%
To find out what percent of your balance will remain, you'll need to first subtract the amount of the check ($167.50) from your account balance ($1,725.25) to get the new balance after writing the check.
$1,725.25 - $167.50 = $1,557.75
Now that you know your new balance, you can find out what percent of your original balance remains by dividing the new balance by the original balance and then multiplying by 100 to get the percentage.
($1,557.75 ÷ $1,725.25) x 100% = 90.26%
So, after writing the check for $167.50, 90.26% of your original balance will remain in your account. This means that $1,557.75 is 90.26% of $1,725.25.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.
Answers
The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.
Calculation:
Annual depreciation under SLM:
= (Asset cost-Salvage value) + Useful life of the asset
= ($40,000+$1,000 - $5,000)/6
= $36,000/6
= $6,000
Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.
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what is Financial equilibrium
Answers
Answer:
Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable.
chegg vince kim, of ecoscape company, designs and installs custom lawn and garden irrigation systems for homes and businesses throughout the state. each job is different, requiring different materials and labor for installing the systems. ecoscape estimated the following for the year: number of direct labor hours 6,640 direct labor cost $79,680 overhead cost $51,128 during the year, the following actual amounts were experienced: number of direct labor hours 6,030 direct labor incurred $78,390 overhead incurred $51,297.21 required: 1. should ecoscape use process costing or job-order costing? 2. if ecoscape uses a normal costing system and overhead is applied on the basis of direct labor hours, what is the overhead rate? round your answer to the nearest cent. $fill in the blank 2 per direct labor hour what is the average actual wage rate? $fill in the blank 3 per direct labor hour what is the cost of an installation that takes $3,250 of direct materials and 30 direct labor hours?
Answers
A. Main Answer:
1. Ecoscape should use job-order costing due to the unique nature of each project, requiring different materials and labor costs for the installation of custom lawn and garden irrigation systems.
2. The overhead rate, in a normal costing system where overhead is applied based on direct labor hours, is $8.50 per direct labor hour.
3. The average actual wage rate is $13 per direct labor hour.
4. For an installation requiring $3,250 of direct materials and 30 direct labor hours, the cost would be $3,640.
B. Explanation:
1. Job-order costing is the appropriate costing method for Ecoscape because each project is unique and requires different materials and labor costs. The company designs and installs custom lawn and garden irrigation systems, meaning that the costs incurred for each job will vary based on the specific requirements of the project.
2. To calculate the overhead rate, the total overhead cost ($51,297.21) is divided by the number of direct labor hours incurred (6,030). This results in an overhead rate of approximately $8.50 per direct labor hour. This means that for every hour of direct labor, $8.50 is allocated towards overhead costs.
3. The average actual wage rate is determined by dividing the total direct labor cost ($78,390) by the number of direct labor hours incurred (6,030). This yields an average actual wage rate of approximately $13 per direct labor hour. This represents the average cost of labor per hour incurred by Ecoscape throughout the year.
4. To calculate the cost of an installation, we need to consider the direct materials cost ($3,250) and the number of direct labor hours (30). The direct materials cost is added to the product of the direct labor hours (30) and the average actual wage rate ($13). This results in a total cost of $3,640 for the installation.
In summary, Ecoscape should use job-order costing as each project is unique. The overhead rate is approximately $8.50 per direct labor hour, the average actual wage rate is approximately $13 per direct labor hour, and the cost of an installation with $3,250 of direct materials and 30 direct labor hours is $3,640.
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Critics of supply-side economics argue that tax cuts favored by supply-siders will have the greatest effect on?
Answers
Critics of supply-side economics argue that tax cuts favored by supply-siders will have the greatest effect on the wealthy or high-income individuals, potentially exacerbating income inequality. This is because the wealthy are more likely to save or invest the extra money, rather than spending it on goods and services.
Critics of supply-side economics argue that tax cuts favored by supply-siders will have the greatest effect on the wealthy or high-income individuals. This is because supply-side economics focuses on the idea that reducing taxes on businesses and individuals will incentivize investment, increase productivity, and stimulate economic growth.
The critics argue that tax cuts primarily benefit the wealthy because they have a higher income and are more likely to own businesses. They believe that the wealthy will save or invest the extra money they receive from tax cuts, rather than spending it, which may not have a significant impact on stimulating consumer demand or creating jobs.
Moreover, critics claim that tax cuts may exacerbate income inequality, as the wealthy disproportionately benefit from the policy. They argue that the economic benefits of tax cuts should be focused more on middle- and lower-income individuals who are more likely to spend the extra money, stimulating demand and creating a multiplier effect in the economy.
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Critics of supply-side economics argue that tax cuts favored by supply-siders will have the greatest effect on the wealthy or upper-income individuals. This is because supply-side economics emphasizes the idea that reducing taxes on businesses and high-income earners will lead to increased economic growth and investment.
The rationale behind this argument is that when taxes are lowered for the wealthy, they will have more disposable income to spend or invest. Proponents of supply-side economics believe that this increased spending and investment will stimulate economic activity, create jobs, and ultimately benefit everyone in society.
However, critics argue that this approach primarily benefits the wealthy and exacerbates income inequality. They argue that the wealthy are more likely to save or invest their extra income rather than spend it immediately. As a result, the economic benefits of tax cuts may not trickle down to the broader population as effectively as supply-side proponents suggest.
In conclusion, critics of supply-side economics contend that tax cuts favored by supply-siders will primarily benefit the wealthy, potentially widening the income gap in society. This explanation highlights the different perspectives on the impact of tax cuts and their distributional effects.
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Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answers
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
When a tax is placed on the sellers of cell phones,
A. the size of the cell phone market and the price paid by buyers both increase.
B. the size of the cell phone market increases, but the price paid by buyers decreases.
C. the size of the cell phone market decreases, but the price paid by buyers increases.
D. the size of the cell phone market and the price paid by buyers both decrease.
Answers
When a tax is placed on the sellers of cell phones, the size of the cell phone market decreases, but the price paid by buyers increases.
With a tax on a good, consumers pay more, sellers are paid less, and there are fewer sales overall. The tax has the effect of shifting the quantity toward a position where the difference between the before-tax demand and the before-tax supply equals the tax.
A tax raises a buyer's price by more than the tax itself. Similar to that, the price the seller receives decreases, although only little. A tax increase has no impact on the demand curve and has no effect on how elastic supply and demand are.
The correct answer is option C.
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Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answers
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
Joanne runs a company that produces mattresses. Her fixed costs include electricity and labor. She recently increased the capacity of production, which increased these fixed costs. What has Joanne done to the production of her company?
Joanne has ____ the production.
Answers
Answer:
not sure but increased seems right
Explanation:
Because she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
What does increased Fixed cost do?In production, any increase in fixed cost will increase total cost and will impct on level of profit which will decrease.
In conclusion, as she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answers
Answer:
They company goes out of business?
Explanation:
It is possible for a sole proprietorship business to raise money from the capital market (stock market).
Answers
Answer:
No
Explanation:
Sole proprietorships are businesses owned by one person. The owner raises the capital by themselves, either through savings, donations, or borrowing. The law does not distinguish the owner and the business. Business assets and liabilities are deemed to belong to the owner.
A sole proprietorship cannot raise funds from the stock exchange. Raising funds from the stock exchange involves issuing shares, bonds, or other marketable securities authorized by the stock exchange authority. A sole proprietorship cannot meet the requirement to trade in the stock exchange. Issuing of stock will imply investors will become owners of the business. This is not possible as a sole proprietorship can only have one owner.
true or false: an investor-owned business obtains revenues by selling goods or services, while a not-for-profit business has a fixed budget.
Answers
The given assertion "an investor-owned business obtains revenues by selling goods or services, while a not-for-profit business has a fixed budget." is false because it misrepresents the income sources and planning parts of the two sorts of organizations.
A financial backer-possessed business doesn't be guaranteed to have a decent spending plan and a not-for-benefit business doesn't necessarily get income exclusively from selling labor and products.
An investor-owned business, otherwise called a for-benefit business, gets incomes through different means, including selling labor and products, yet it might likewise create pay from speculations, sovereignties, permitting charges, or different sources. The spending plan of a revenue driven business isn't really fixed.
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