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Archy [21]
3 years ago
12

During a recent​ month, Company planned to provide cleaning services to customers for per hour. Each job was expected to take ho

urs. The company actually served more customers than​ expected, but the average time spent on each job was only hours each. ​'s revenues for the month were
Business
1 answer:
givi [52]3 years ago
7 0

Answer: B.  $1,050  more than expected.

Explanation:

The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.

Estimated revenue was;

= 30 * 30 * 3

= $2,700

However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.

Number of customers = 30 + 20

= 50 customers

Actual revenue

= 50 * 30 * 2.5

= $3,750

Difference is;

= 3,750 - 2,700

= $1,050 more

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Compare the yield to maturity and the current yield. How do you explain this​ relationship?  ​(Select the best​ response.)A.If a
mamaluj [8]

Answer:

A - If a bond sells at a​ discount, the yield to maturity is greater than the current yield

Explanation:

Yield to maturity is the expected return if the bond is held till maturity. Current yiled is the return if the bond is sold today. There is an evident relationship between yield to maturity (TYM) and the current yield.  

“When a bond's market price is above par, which is known as a premium bond, its current yield and YTM are lower than its coupon rate. Conversely, when a bond sells for less than par, which is known as a discount bond, its current yield and YTM are higher than the coupon rate. Only on occasions when a bond sells for its exact par value are all three rates identical” (Bloomenthal, 2020).

According to the above statements, options C, B and D are eliminated. This leaves option A (If a bond sells at a discount, the yield to maturity is greater than the current yield) as the correct answer. This is true because YTM is calculated on purchase price rather than par value, if the purchase price is less than par value, the YTM will be greater than the current yield.  

7 0
3 years ago
Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wi
Mariana [72]

Answer:

$10.82%

Explanation:

The computation of stock value is shown below:-

First we need to find out the expected dividend for computing the stock value

So, Expected dividend = $1.42 × (1 + 1.3%)

= $1.44

Now, Stock value = Expected dividend ÷ (Required return - Growth rate)

= $1.44 ÷ (14.6% - 1.3%)

= $1.44 ÷ 13.3%

= $10.82%

So, for computing the stock value we simply applied the above formula.

3 0
3 years ago
ay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 23,000 units at a price of $350 each. Product
Fittoniya [83]

Answer:

$21

Explanation:

The computation of the sales commission per unit sold is shown below:

= Selling price per unit × sales commission percentage

= $350 × 6%

= $21

By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.

All other information is not relevant. Hence, ignored it

3 0
3 years ago
Palm Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books,
EleoNora [17]

Answer:

D. $4,960

Explanation:

Given cash balance = 4300

Receivable collection = 850

Bank charge = 20

NSF check = 170

Thus,

Adjusted bool balance = Cash balance + receivable collection- bank charge - NSF check

Therefore,

= 4300 + 850 - 20 - 170

= $4,960

So, adjusted cash balance = $4960

6 0
3 years ago
Reflect on the various factors that affect development, both prenatally and postnatally. Select one factor and share a way that
katen-ka-za [31]

Answer:

A variety of factors affect development, prenatally and postnatally. A non-biological factor, the drug use by parents before and after child´s birth, affect both.

Explanation:

Drug use before, during and after pregnacy problem outcomes form, both  individual and environmental reasons. Drug prevention and treatment, traditionally  focused on changing individual behaviours have had very limited impact , as the environment hasn´t had necessary change, and the social determinants of  drug use have increased, with exacerbating factors that include cognitive limitations, poor parenting  and low family socio-economic status,  causing the development of  children, not receiving the nutrition and stimulation necessary, to be significantly impeded since the very conception, causing genetic predisposition  to drug use; in neonatal and infancy, the consequence might be to get a child with difficult temperament , in preschool, children could develop early behavioural and emotional disturbances, such as oppositional defiant disorder or, depression ; in primary school, children could be unable to self-regulate emotions and behaviour ; if they get to high school, children may be exposed to drug-using social contexts.

3 0
3 years ago
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