Answer:
Mercury company
Net Income $180,000
Interest expense 10,000
Earnings before tax = $170,000
Total assets at the beginning of the year 810,000
Total assets at the end of the year 740,000
Total common stockholders' equity at the beginning of the year 520,000
Total common stockholders' equity at the end of the year 510,000
Return on equity = Net income divided by Shareholders equity
= $170,000 / $510,000
= 33.33%
Answer: The minimum you would need would be a high school diploma or even an associate's if required at times. However, most preschool teachers for public school are required to have a bachelor's degree. A CDA (Child Development Associate) certificate is also a common credential that is needed in many states. A CPR and First Aid certification may also be needed.
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Answer:
$9,600
Explanation:
Calculation for Bumble Bee's pretax accounting income
Using this formula
Pretax accounting income=Taxable income-Accrued warranty expense+(Tax depreciation-Book depreciation)
Let plug in the formula
Pretax accounting income=$7,000-$400+($5,000-$2,000)
Pretax accounting income=$7,000-$400+$3,000
Pretax accounting income=$9,600
Therefore Bumble Bee's pretax accounting income will be $9,600
Answer: a rate commensurate with the risk level of the project.
Explanation:
When computing the net present value of the new project, we should note that the cash flows should be discounted using a rate that is commensurate with the risk level of the project.
Since it is a new project and it possesses risks that are unrelated to those of the current firm's product, the risk that pertains to the project level should be used in the discounting to get the net present value.
Answer:
a. Soft-drink manufacturers.
- Soft drink manufacturers generally sell more during warm days, so they will be interested in reducing risks (hedging) against cold days.
b. Ski-resort operators.
- Ski-resort operators sell more during cold days (winter), but their sales are negatively affected by both abnormal warm weather or extremely harsh cold weather, so they will be interested in reducing risks (hedging) against abnormal winter weather.
c. Electric utilities.
- Electric utility companies benefit from both HDDs and CDDs, so the more frequent they are the better for them. They probably dislike mild weathers, but love extremes.
d. Amusement park operators.
- Similarly to soft drink manufacturers, amusement park operators sell more during warm days, so they will be interested in reducing risks (hedging) against cold days.
Explanation:
Companies rely heavily on certain weather conditions and need to reduce risk will hedge weather risk.
Heating Degree Day (HDD) basically measures the demand for energy needed to heat some place, e.g. any type of building. If the temperature is below 65°, then people start to request that a place is heated (heating system turned on).
Cooling Degree Day (HDD) is basically the opposite, measures the demand for energy needed to cool some place. If the temperature is above 65°, then people start to request that a place is cooled (air conditioner turned on).