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3 years ago

Turtle Corporation produces and sells a single product. Data concerning that product appear below:

Business

1 answer:

stealth61 [152]3 years ago

3 0

Answer:

The monthly Net Operating Income would reduce by $100 if additional funds are allocated to Marketing Expenses.

Explanation:

I have attached a screen shot of my workings, give it a look and you will have a better idea of what is going on.

Key Points:

New units to be sold are 7,210.
Variable Expense is calculate as (Sales * Percentage of Variable Expense).
A new Fixed cost of 6,700 for Marketing will be deducted.

I hope I made it very much clear for you. Feel free to ask if you have any confusion.

Thanks!

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"DEF Corporation, after many profitable years, declares a one-time special cash dividend of $5.00 per share. After the announcem

Tju [1.3M]

Answer: B. 1 DEF Jan 50 Call

Explanation:

The Options Clearing Corporation (OCC) acting under its mandate of being an issuer and guarantor for options and futures contracts can alter options prices but does not do so for prices based on normal dividends as they are more regular and their effects are already accounted for in the price of the call.

When a company calls a one-time special cash dividend, this is new to the market which would not have incorporated it into the price of the call. The OCC will then adjust the price to account for this.

In this case it will do so by subtracting the dividend from the call;

= 55 - 5

= $50

The customer will then have 1 DEF Jan 50 Call .

8 0

3 years ago

The Keynesian link between the money market and the goods and services market is __________. Changes in the money market must af

Vsevolod [243]

Answer:

Indirect; investment.

Explanation:

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

The Keynesian link between the money market and the goods and services market is indirect. Changes in the money market must affect the investment market before the goods and services market is affected.

According to the Keynesian Transmission Mechanism, the link between the money market and the goods and services market is indirect; because at first, short-term interest rates are lowered by an increase in the supply of reserves and then with time both the bond and bank loan rates falls. Consequently, this would make investments and aggregate demand (AD curve shifts rightward) to rise or increase as a result of the low cost of capital for investors and by extension it boost the level of production or quantity of output (real gross domestic product or Real GDP).

This ultimately implies that, the interest rates affects the real and costs of capital (monetary changes).

5 0

3 years ago

A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a cont

tester [92]

Answer:

D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur

Explanation:

This is the best answer to the question

6 0

3 years ago

When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginni

yulyashka [42]

Incomplete question. The full question read;

Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.

When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?

Answer:

$704.50

Explanation:

First, we need to note which transactions are credit transactions, and which is a debit transaction. Remember, a credit transaction basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.

Malcolm's credit transactions:

ATM receipt for an $80.00 deposit

paycheck deposit slip for $650.00

Total: $730.

Malcolm's debit transactions:

grocery store receipt for $25.50

Total: $25.50

Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).

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3 years ago

0.5 points eBookPrintReferences Check my work Check My Work button is now enabledItem 3Item 3 0.5 points Agee Storage issued 37

trapecia [35]

Answer:

Decline in Agee's total paid up capital is $14,000,000

Explanation:

Computation of decline in Paid-Up capital

Particulars Amount

Cash paid for first repurchase $10,000,000

(1 million shares*$10)

Value of first purchase $12,000,000

(1 million * $12

Benefit on first repurchase $2,000,000

Cash paid for second repurchase = $16,000,000

(1 million shares * $16)

Value of second repurchase $12,000,000

(1 million * $12)

Reduction in Total paid-in-capital $14,000,000 ($2 million + $12 million)

8 0

3 years ago