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OleMash [197]
3 years ago
10

Using your knowledge of SMART goals, select the best goal. I will start saving money toward a new house next week. I will save $

40,000 by January 3, 2014, to use as a down payment on a home. I will buy a new house soon so my family will have a place to live. I will pay off my credit cards so I can start saving money for a house. g
Business
1 answer:
rusak2 [61]3 years ago
4 0

Answer: I will save $40,000 by January 3, 2014, to use as a down payment on a home.

Explanation: SMART goals are:

Specific: they are well defined. Here, the goal is to save money towards the down payment of a house. It is clearly defined.

Measurable: it can be quantified with a number. The  options, I will start saving money towards a new house does not state exactly how much. It can not be measured so it is impossible to say whether you have achieved the goal or not.

Achievable: It should be doable. We don't have enough information here to know if saving $40,000 by January 3 2014 is doable. For instance if the person setting this goal earns $80,000 per year and is setting this goal in 2012 or January 2013, it may be achievable. It is not if he makes $20,000 per year.

Relevant: the goal should be one that motivates you because it is important to you.

Time bound: There should be a time by which you want to achieve the goal.

The chosen option is the best goal of the because it meets more of the SMART goals criteria than the others: It is Specific, Measurable and Time-bound.

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Consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. Both curren
Schach [20]

Answer:

Bond Price = $875.6574005 rounded off to $875.66

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 1,000 * 0.05  = $50

Total periods (n) = 3

r or YTM = 0.10

The formula to calculate the price of the bonds today is attached.

Bond Price = 50 * [( 1 - (1+0.10)^-3) / 0.10]  + 1000 / (1+0.10)^3

Bond Price = $875.6574005 rounded off to $875.66

8 0
3 years ago
An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has
Lyrx [107]

Answer:

Bond C  

Time to maturity Price of the bond

0                              $1,091.31  

1                               $1,071.26  

2                              $1,049.46

3                              $1,025.76  

4                              $1,000.00  

Bond Z

Time to maturity Price of the bond

0                              $716.28  

1                               $778.59  

2                              $846.33  

3                              $919.96  

4                              $1,000.00  

Explanation:

Bond C

Use the PV function to calcuclate the price of the bond

=PV(rate, nper, pmt, [fv] )

Where

rate = yield to maturity = 8.7%

pmt = Coupon payment = Face value x Coupon rate = $1,000 x 11.50% = $115

fv = maturity value = $1,000

Working and the formula sheet is attached with this answer, please refer to the attachment.

3 0
3 years ago
he following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accou
Charra [1.4K]

Answer:

Please see answer below

Explanation:

Note: The questions are incomplete as only question 'a' was given. However, other parts of the questions have been retrieved hence answered below.

a. Accounts receivable turnover for each of the companies

Market Inc.

Accounts receivables $58,000

(-) Allowance for doubtful accounts $2,548

Net accounts receivables $55,452

Accounts receivable turnover = Company sales revenue / Net accounts receivable

= $636,960 / $55,452

= 11. 5 times

Supply Inc

Accounts receivables $77,800

(-) Allowance for doubtful accounts $2,256

Net accounts receivables $75,544

Accounts receivable turnover = Company sales revenue / Net accounts receivables

= $887,100 / $75,544

= 11.7 times

b. What is the average days to collect the receivables.

Market Inc.

Average collection period = 365 days / Accounts receivable turnover

= 365 / 11.5

= 32 days

Supply Inc

Average collection period = 365 days / Accounts receivable turnover

= 365 / 11.7

= 31 days

c. Assuming both companies use the percentage of receivables Allowance method, what is the estimates percentage of uncollectible accounts for each company.

Market Inc

Estimated percentage of uncollectible accounts = Company allowance for doubtful accounts / Accounts receivable

= $2,548 / $58,000

= 4%

Supply Inc.

Estimated percentage of uncollectible accounts = Company allowance for doubtful accounts / Accounts receivable

= $2,256 / $77,800

= 3%.

7 0
3 years ago
Last week, Railway Tours paid its annual dividend of $1.20 per share. The company has been reducing the dividends by 10 percent
Brrunno [24]

Answer: $4.70

Explanation:

The Gordon Growth Model allows for the calculation of stock value using the predicted growth rate of dividends and the discount rate.

The formula is;

Value of stock = Next Dividend / ( Discount rate - growth rate)

Next Dividend = Current dividend * growth rate

= 1.2 * ( 1 - 0.1)

= $1.08

Value of Stock = 1.08 / ( 13% - (-10%))

= 1.08 / ( 13% + 10%)

= 1.08 / 23%

= $4.70

8 0
3 years ago
Kerbow Corporation uses part B76 in one of its products. The company's Accounting Department reports the following costs of prod
lubasha [3.4K]

Answer:

12,000 units

outside supplier offers at $27.40 each = $328,800

current relevant costs:

  • direct materials $7.20 x 12,000 = $86,400
  • direct labor $7.10 x 12,000 = $85,200
  • variable overhead $3.50 x 12,000 = $42,000
  • supervisor's salary $4.70 x 12,000 = $56,400
  • total = $270,000

only $6,000 of allocated fixed costs can be avoided

additional revenue from using the freed space $29,000

A. Prepare a report that shows the effect on the company's total net operating income of buying part B76 from the supplier rather than continuing to make it inside the company.

                                         Keep              Buy                   Differential

                                        producing       from vendor     amount

production cost               $270,000                       $0     $270,000

purchase cost                              $0          $328,800     ($328,800)

avoidable costs                           $0             ($6,000)          $6,000

<u>additional revenue                      $0           ($29,000)       $29,000</u>

total                                  $270,000          $293,800      ($23,800)

B. Identify which alternative the company should choose and explain why.

The company should keep producing the part because production costs are lower than buying it from an outside vendor.

C. Determine what errors managers may make when considering make or buy decisions and basing the decision solely on the data?

If we had made this decision based on total production costs, then management would have erroneously chosen to purchase the part from an outside vendor. Total production costs are $28.30 per unit, but almost $5.80 per unit are not avoidable (mostly fixed and general overhead), so the company will incur them no matter what. You have to compare only relevant costs or revenues.

8 0
3 years ago
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