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andriy [413]
4 years ago
14

Some colleges charge for student parking. currently, your college does not charge for parking but the administration announced a

possible charge of $2 per day. you are not sure when the new parking policy will start; therefore you decide to maintain a $5 bill in your wallet. you hold cash for the
Business
1 answer:
Lunna [17]4 years ago
7 0
2 days while your there because you can't have it for 3 days because you'll be short on cash, and for 1 day you would have extra cash for one more day to park.
You might be interested in
3 tips you give someone who is about to invest their money<br> for the first time
DerKrebs [107]
Start Investing With A Game Plan.

- Before you invest your first dollar into the stock market ask yourself, "Why am I investing, and what do I want to achieve?"
- Diversify. Investing is about more than just the stock market. ...
- Define Your Goals.
- Stay Committed.
- Don't Panic.
- Stick To One Strategy.
- Practice Patience.
- Think Long Term.
6 0
3 years ago
On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $620 million. The fair valu
Murrr4er [49]

Answer:

1.$146

2.$30

3.Dr Loss on impairment of Goodwill $30

Cr To Goodwill $30

Explanation:

1.($million )

Acquisition cost $620

Fair value of asset

Tangible and Intangible assets $652

Less liabilities ($178)

($652-$178) $474

Goodwill from Harman acquisition $146

($620-$474)

2.

Book value of Harman's net assets (including goodwill) 630 million

Less Fair value of Harman, Inc. $600 million

Impairment loss of Goodwill $30

3.

General Journal

Dr Loss on impairment of Goodwill $30

Cr To Goodwill $30

4 0
3 years ago
Sylvana is given a job offer with two alternative compensation packages to choose from. The first package offers her $250,000 an
BaLLatris [955]

Answer:

Sylvana

a. Compensation package to choose = 2nd Package

After-tax dollars benefit  for choosing the 2nd Package = $3,250

b. Compensation package to choose = 2nd Package

After-tax dollars benefit for choosing the 2nd Package = $6,500

Explanation:

a) Data and Calculations:

                                   1st Package     2nd Package

Annual salary               $250,000       $235,000

Fringe benefits             $0                        10,000

Health & Life Insurance   (10,000)      $0

Taxable income           $240,000      $245,000

Taxes (35%)                     (84,000)         (85,750)

Net pay                         $156,000       $159,250

Net benefit of 2nd Package over 1st Package = $3,250 ($159,250 - $156,000)

                                   1st Package     2nd Package

Annual salary               $250,000       $240,000

Fringe benefits             $0                        10,000

Health & Life Insurance   (10,000)      $0

Taxable income           $240,000      $250,000

Taxes (35%)                     (84,000)         (87,500)

Net pay                         $156,000       $162,500

Net benefit of 2nd Package over 1st Package = $6,500 ($162,500 - $156,000)

5 0
3 years ago
Whipple Corp. just issued 260,000 bonds with a coupon rate of 5.90 percent paid semiannually that mature in 25 years. The bonds
castortr0y [4]

Answer:

Amount raised = $236,027.47  

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

The value of bond for Whipple Corp can be worked out as follows:

Step 1  

PV of interest payments

Semi annul interest payment  

= 5.6% × 2000 × 1/2 = 56

Semi-annual yield = 6.34%/2 = 3.17 % per six months

Total period to maturity (in months)

= (2 × 25) = 50 periods

PV of interest =  

56 × (1- (1+0.0317)^(-50)/0.0317)= 1395.49

Step 2  

PV of Redemption Value

= 2000 × (1.0317)^(-50)

= 420.105

Price of bond

= 1395.49 + 420.10

= $1815.60

The amount raised = price per bonds× Number of unit

= $1815.595× 260,000/2000=  $236,027.47  

Amount raised = $236,027.47  

7 0
3 years ago
In the process of benchmarking for a variable expense such payroll the typical metrics use are Total dollars and dollars per ava
AlexFokin [52]

Answer:

False

Explanation:

Benchmarking is a process of evaluating the overall or segmental performance of a business by comparing the performance in the relevant segment to the industry standard or to the performance of a competitor in order to identify opportunities for improvement that are within control, using .

In payroll benchmarking , relative metrics can be total cost to payroll , cost per $1000 revenue to manage payroll and others.

Total dollars and dollars per available rooms are not good metrics for payroll benchmarking.

7 0
4 years ago
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