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3 years ago

One of the benefits of career planning as a young adult is

1 answer:

8 0

You can train your brain.
having a specific goal in mind that you want to persue helps the brain figure out ways ow to achieve that goal. if we really want to do something,our brain works like a puzzle finder and figures out all the ways we can achieve it and unravel the puzzle. you start asking the right questions and your brains startes finding the answers to those questions as well

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A certificate of deposit allows deposits and withdrawals at any time without a financial penalty.

iogann1982 [59]

Although there is no question here, I am assuming that this is a True/False question because it is a False statement.

A certificate of deposit is an investment with a fixed interest rate for a fixed period of time. There are nearly always penalties for early withdrawal.

3 0

3 years ago

The next dividend payment by Savitz, Inc., will be $2.08 per share. The dividends are anticipated to maintain a growth rate of 6

zavuch27 [327]

Answer:

Required return for Savitz: 10.95%

Explanation:

Considering the gordon model we have to solve for the cost of capital (Ke)

$\frac{divends}{return-growth} = Intrinsic \: Value$

$\frac{divends}{Price} = return-growth$

$\frac{divends}{Price} + growth = return$

$$Cost of Equity =\frac{D_1}{P)} +g$

D1 2.08

P 42

g 0.06

$$Cost of Equity =\frac{2.08}{42} +0.06$

Ke 0.10952381

8 0

3 years ago

Read 2 more answers

Discuss whether or not consumers benefit more from a market economic system or a mixed economic system. *

storchak [24]

Answer:

compared to a mixed economy, a market economy tends to benefit the consumers.

This is mainly because the government intervention and restrictions are minimum in a market economy, compared to a mixed economy in which the government plays a major part as an economic agent and a regulator.

A free market system's main aim is to enhance the competitions and the freedom of choice for the consumers.

However, in the real world scenarios, pure free market systems are difficult to be seen and most of the time, the economies are Mixed economies.

Even in USA's economy 40% of the economy consists of the government agencies and activities.

This is mainly due to the economic malpractices by the producers and corporations.

Explanation:

7 0

3 years ago

The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does no

Sunny_sXe [5.5K]

Answer:

BEP = EBIT / Total Assets

BEP = $2,451 / $43,000 = 0.057

Profit Margin = Net Profit / Sales

Profit Margin = $990 / $51,600 = 0.0192

Operating Margin = Operating Profit / Sales

Operating Margin = $2,451 / $51,600 = 0.0475

Dividends per share = Dividend paid to Shareholders / Number of shares outstanding

Dividends per share = $346.67 / $500 = 0.69334

EPS = Net Income available to Shareholders / Number of shares outstanding

EPS = $990 / $500 = $1.98

P/E ratio = Market price per share / EPS

P/E ratio = $23.7 / 1.98 = 11.97

Book value per share = Shareholders Equity / Shares outstanding

Book value per share = $15,265 / $500 = $30.53

Market-to-book ratio = Market Value per share / Book value per share

Market-to-book ratio = $23.7 / S30.53 = 0.7763

Equity Multiplier = Total Assets / Shareholders Equity

Equity Multiplier = $43,000 / $15,265 = 2.82

5 0

3 years ago

upola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest

maks197457 [2]

Answer:

See the journal entries below.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.

Required: Prepare the journal entries to record the (a) issuance of the bonds, (b)the payment of interest and (c) amortization of debt issue costs on December 31, 2021 & June 30, 2022, and the (d) call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The explanation of the answer in now given as follows:

(a) issuance of the bonds

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

30 Jun. ’21 Cash (w.1) 383,500

Bonds Payable 383,500

(To record the issuance of Bonds.)

(b)the payment of interest

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

31 Dec. ’21 Interest Expense 20,825

Bonds Payable (w.5) 825

Cash (w.2) 20,000

(To record the Interest Expense.)

30 Jun. ’22 Interest Expense 20,825

Bonds Payable (w.5) 825

Cash (w.2) 20,000

(To record the Interest Expense.)

(d) call of the bonds

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

01 Jul. ’22 Bonds Payable (w.1) 385,150

Loss on Bonds retired (w.7) 9,850

Cash $395,000

(To record the bonds retired early.)

Workings:

w.1: Cash received = Bonds Payable = Amount the bond is issued - Debt issue costs = $385,000 - $1,500 = $383,500

w.2: Interest Expense= Bond face value * Bond rate * (Number of months in semiannual / Number of months in a year) = $400,000 * 10% * (6/12) = $20,000

w.3: Total cost on Bonds Payable issued = (Bond face value - Amount the bond is issued) + Debt issue costs = ($400,000 - $385,000) + $1,500 = $15,000 + $1,500 = $16,500

W.4: Annual cost amortization = Total cost on Bonds Payable issued * Bond rate =$16,500 * 10% = $1,650

w.5: Semiannual cost amortization = Annual cost amortization * (Number of months in semiannual / Number of months in a year) = $1,650 * (6/12) = $825

w.6: Total amount Payable on Bonds = Cash received from w.1 + Semiannual cost amortization on 31 December 2021 + + Semiannual cost amortization on 30 June 2022 = $383,500 + $825 + $825 = $385,150

w.7: Loss on retirement of Bonds = Amount the bond is retired - Total Amount Payable on Bonds = $395,000 - $385,150 = $9,850

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2 years ago