Which of the following correctly indicates the order of phases in product planning?

The pledging of property as security for payment of a loan without surrendering possession is

raketka [301]

I think it's "hypothecation" but I'm not 100% sure.

6 0

3 years ago

The following is the general ledger for ABC Company as of December 31, 20X1. Use this information to answer questions (1) throug

sweet [91]

Answer:

What is the amount of gross profit to be reported on ABC Company’s 12/31/X1 income statement?

Gross Profit = Sales Revenue - Cost of Goods Sold

= $54,200 - 15,100

= $39,100

What is the amount of operating income (EBIT) to be reported on ABC Company’s 12/31/X1 income statement?

EBIT = Sales Revenue - Cost of Goods Sold - Operating Expenses

We have the following operating expenses:

Salaries expense $7,100

Rent expense = $4,900

Supplies expense = $1,300

Utilities expense = $4,800

Depreciation expense = $2,500

Total operating expenses = $20,600

Now we substract this figure from the gross profit we found above

EBIT = $39,100 - 20,600

= $18,500

What is the amount of earnings before taxes (EBT) to be reported on ABC Company’s 12/31/X1 income statement?

EBT = Sales Revenues + Interest Revenue - Cost of Goods Sold - Operating Expenses - Non-Operating Expenses.

EBT = $54,200 + $1,400 - $15,100 - $20,600 - $2,100

= $17,800

What is the amount of net income to be reported on ABC Company’s 12/31/X1 income statement?

Net Income = Sales Revenues + Interest Revenue - Cost of Goods Sold - Operating Expenses - Non-Operating Expenses - Tax Expense

We simply substract the Tax Expense ($3,700), from the EBT.

Net Income = $17,800 - $3,700

= $14,100

5 0

2 years ago

An architecture firm charges clients $250 per hour for their services, and they pay their architects an average of $175 per hour

erma4kov [3.2K]

Answer:

A)$135,000

Explanation:

service fee 250

average wage 175

contribution 75 this is the ammount generate per hour billed

expected hours billed for the year 10,000

hours x contribution per hour = total contribution

10,000 x 75 = 750,000

Operating cost (615,000)

Earnings before taxes 135,000

3 0

3 years ago

Suppose you enter into a 9-month long forward contract on a non-dividend-paying stock when the stock price is S0 = $125 and the

Vladimir79 [104]

Answer:

Future Price

F0: 126.89

F3: 113.13

F4: 113.41

Value of the contract:

a) zero (by definition)

b) -13

c) -13

Explanation:

forward price:

$F = S (1+r)^{n}$

being S the spot rate

time 9 months and

rate 2% continuous componding

As the rate is continuous we calculate using the e number instead:

$F = S e^{rn} +cost$

$F = 125 e^{0.02 \times 9/12}$

F = 125 x 1.015113065

F = 126.8891331 = 126.89

3th month into the contract:

$F = 112 e^{0.02 \times 6/12}$

F = 113.1256187 = 113.13

4th month

$F = 112 e^{0.025 \times 5/12}$

F = 113.4087866 = 113.41

value of the contract

at third month:

Vt = St - F0

Vt = 112 - 125 = -13

at fourth month

Vt = 112 - 125 = -13

3 0

3 years ago

Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percents: Turner, 10%; Roth, 40%; and Lowe, 5

Sonbull [250]

Answer:

Turner, Roth, and Lowe

a. Loss from selling the assets = $78,800

b. Loss allocation to the partners:

Turner Roth Lowe

Loss sharing ($78,800) $7,880 $31,520 $39,400

c. Capital contribution to cover deficiency:

Turner Roth Lowe

Contribution to cover deficiency $3,000 $12,000 $15,000

Explanation:

a) Data and Calculations:

Turner Roth Lowe

Income and loss sharing ratio: 1 4 5

Assets before liquidation = $130,800

Liabilities = $82,000

Capital balances $2,900 $14,200 $31,700

Cash received from sale of assets = $52,000 ($82,000 - $30,000)

Loss from sale of assets = $78,800 ($130,800 - $52,000)

Loss sharing ($78,800) $7,880 $31,520 $39,400

Contribution to cover deficiency $3,000 $12,000 $15,000

5 0

2 years ago