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3 years ago

In most states, 16 year olds can drive cars. Do you think all 16 year olds are responisble enough to drive cars? Why or why not?

2 answers:

5 0

No, because most 16 year olds are still too young and irresponsible to be driving. A lot of 16 year olds do not have the full understanding of the dangers and risks that come with driving a car. They could cause an accident simply because they were not fully prepared to begin driving at such a young age.

Mariulka [41]3 years ago

4 0

NO because even if you can drive and you now the rules you need an amount of maturity and quick reflexes. We should not be able to drive until 18 years old because that's when we become an adult and we can actually drive without getting in a car accident.

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Star, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity capital structure to one th

Dmitry_Shevchenko [17]

Answer:

Explanation:

1) The earnings per share are:

EPS = $39,100/17,000 shares

EPS = $2.30

Cash flow for the company is:

Cash flow = $2.30 X 150 shares

Cash flow = $345

2) Need to determine the EPS of the firm under the proposed capital structure. The market value of the firm is:

MV = $47*17,000 = $799,000

Under the proposed capital structure, the firm will raise new debt in the amount of D = 0.20*$799,000 = $159,800 in debt. The number of shares repurchased will be:

Shares repurchased = $159,800/$47 = 3400

Under the new capital structure, the company will have to make an interest payment on the new debt. The net income with the interest payment will be:

NI = $39,100 – 0.065*$159,800 = $39100-10,387= $28,713

EPS under the new capital structure will be:

EPS = $28,713/13,600 shares = $2.11

Shareholder cash flow = $2.11*150 shares = $316.5

3) In this case, capital structure is irrelevant because shareholders can create their own leverage or unlever the stock to create different capital structures. This has no connection with the capital structure that firm chooses.

6 0

3 years ago

Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin

Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0

3 years ago

In a perpetual inventory system: Multiple Choice Merchandising transactions are recorded as they occur. No effort is made to rec

lord [1]

Answer:

In a perpetual inventory system:

1)Merchandising transactions are recorded as they occur

3) Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold

4)The need to take physical inventory is eliminated

Explanation:

In a perpetual inventory system: Merchandising transactions are recorded as they occur.

In periodic system :No effort is made to record the Cost of Goods Sold until year-end. Entries are done at the year end.

In a perpetual inventory system:Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold. Costs are assigned to the cost of goods sold each time a sale occurs in a perpetual inventory system.

In a perpetual inventory system:The need to take physical inventory is eliminated.But still it is done to assure the ending inventory.

In periodic system : the physical count cannot be eliminated.

8 0

4 years ago

A company has established that the relationship between the sales price for one of its products and the quantity sold per month

Snezhnost [94]

Answer:

Q = 450

P = 35

Explanation:

TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q

Then, Cost = (30Q + 1,000)

Profit: Total revenue - C

-0.1q2 + 75Q - 30q - 1,000 = -0.1q2 + 45q - 1,000

as this is a quadratic function we identify a b c:

a= -0.1 b = 45 x = -1000

the profit maximum point is at the vertex:

-b/2a = -45/ 2(-0.1) = -45/-0.1 = 450

The profit maximize at Q = 450

P = 75 - 0.1x450 = 35

8 0

3 years ago

When can one say that a product has "value"?

Firdavs [7]

When it has a moral to it

7 0

3 years ago