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3 years ago

Jake receives a promotion at his law firm after winning an important case. this is an example of a:

1 answer:

3 0

<span>Jake receiving a promotion at his law firm after winning an important case is an example of a positive social sanction. This is a sociological term used to explain the reaction to a person's behavior or actions.</span>

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You will receive $5,000 a year in real terms for the next 5 years. Each payment will be received at the end of the period with t

photoshop1234 [79]

Answer:

$20,229.5

Explanation:

Given:

Amount to be received = $5,000

Time period, n = 5 years

nominal discount rate = 10.725%

inflation rate = 3 percent

Now,

Using the Fischer's relation, we have

1 + Nominal rate = ( 1 + Real rate ) × ( 1 + Inflation )

on substituting the values, we get

( 1 + 10.725% ) = ( 1 + Real rate ) × ( 1 + 3% )

1.10725 = ( 1 + Real rate ) × 1.03

( 1 + Real rate ) = 1.075

Real rate = 1.075 - 1 = 0.075 or 7.5%

Thus,

Present Value of an ordinary annuity that makes $5000 every year payment for 5 years will be calculates as:

Present value = Monthly payment × $[\frac{(1-(1+r^{-n})}{r}]$

Present value = $5000\times[\frac{1 - (1 + 0.075)^{-5}}{0.075}]$

Present value = 5000 × 4.0459

Present value = $20,229.5

3 0

3 years ago

The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets

Mnenie [13.5K]

Answer:

7.3%; 12.17%; 0.6 times; 15.95%

Explanation:

Return on assets:

= Net Income ÷ Average total assets

= ($65,700 ÷ $900,000) × 100

= 7.3%

Profit Margin:

= Net Income ÷ Net Sales

= ($65,700 ÷ $540,000) × 100

= 12.17%

Asset Turnover:

= Net Sales ÷ Average Total Assets

= $540,000 ÷ $900,000

= 0.6 times

Return on Equity:

= Net Income before dividend ÷ Equity

= [($65,700 + $30,000) ÷ $600,000] × 100

= ($95,700 ÷ $600,000] × 100

= 15.95%

8 0

3 years ago

Material and Labor Variances The following actual and standard cost data for direct material and direct labor relate to the prod

Damm [24]

Answer:

Materials:

price 800U

quantity 510 F

Labor:

rate 1,860 F

efficiency 1,740 U

Explanation:

DIRECT MATERIALS VARIANCES

$(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance$

std cost $5.10

actual cost $5.30

quantity 4,000

$(5.1 - 5.3) \times 4,000 = DM \: price \: variance$

price variance $(800.00)

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 4000.00

actual quantity 3900.00

std cost $5.10

$(4,000 - 3,900) \times 5.1 = DM \: quantity \: variance$

quantity variance $510.00

DIRECT LABOR VARIANCES

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $8.70

actual rate $8.40

actual hours 6,200

$(8.7 - 8.4) \times 6,200 = DL \: rate \: variance$

rate variance $1,860.00

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 6000.00

actual hours 6200.00

std rate $8.70

$(6,000 - 6,200) \times 8.70 = DL \: efficiency \: variance$

efficiency variance $(1,740.00)

4 0

3 years ago

Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T

ddd [48]

Answer:

cost of equity = 9.68%

so correct option is d. 9.68%

Explanation:

given data

currently priced = $17.15

paid annual dividend = $1.22

dividends increasing = 2.4% annually

to find out

firm's cost of equity

solution

we get here cost of equity by apply price equation that is express as

Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate) .....................1

put here value we get

$17.15 = $\frac{1.22*(1+0.024)}{cost\ of\ equity - 0.024}$

solve it we get

cost of equity = 9.68%

so correct option is d. 9.68%

5 0

3 years ago

Rosita purchased a bond for $989 that had a 7% coupon and semiannual interest payments. She sold the bond after 6 months and ear

Len [333]

Answer:

The price she sold the bond is $1,001.47

Explanation:

The formula for yield return in given as ;

Yield to maturity= (Annual interest+ per value - market price ÷ numbers of years to maturity)/per value+ market price÷ 2

048 = (Selling price + [(.07 × $1,000)/2] - $989)/$989

Making selling price the subject of formula we have this as the abswer

Selling price = $1,001.47

3 0

3 years ago