1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ArbitrLikvidat [17]
2 years ago
5

Paper Clip Company sells office supplies. The following information summarizes the​ company's operating activities for the​ year

: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for store 14 comma 200 December 31 inventory 24 comma 000 What is operating​ income?
Business
1 answer:
nydimaria [60]2 years ago
4 0

Answer:ummarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma

Paper Clip Company sells office supplies. The following information summarizes the​ company's o

Explanation:ies for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sa

ies. The following information summarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for st

You might be interested in
Keys Printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The com
sveticcg [70]

Answer:

option b) -0.35%

Explanation:

For tax rate = 40%

After after-tax cost of debt = cost of debt × ( 1 - Rate )

= 7% × ( 1 - 0.40 )

= 4.20%

For tax rate = 45%

After after-tax cost of debt = cost of debt × ( 1 - Rate )

= 7% × ( 1 - 0.45 )

= 3.85%

Therefore, the change in cost of debt = 3.85% - 4.20% = -0.35%

Hence,

Correct answer is option b) -0.35%

3 0
3 years ago
When brand equity is measured using stock valuation with an estimate of the portion of the value allocated to brand equity and n
natka813 [3]

Answer:

The correct answer is letter "B": market value.

Explanation:

Market Value is the price of an asset that is traded or offered for sale in a public forum where multiple buyers are allowed to make offers to buy that asset. For marketable securities of publicly traded companies, the companies are required to issue periodic financial information to the public to meet a full-knowledge requirement.

7 0
3 years ago
Read 2 more answers
An investor will choose between Asset Q with an expected return of 6.5% and a standard deviation of 5.5%, Asset U with an expect
MakcuM [25]

Answer:

Asset U

Explanation:

Reward-to-volatility ratio for Asset Q = Expected return / standard deviation

Reward-to-volatility ratio for Asset Q = 6.5% / 5.5%

Reward-to-volatility ratio for Asset Q = 1.1818

Reward-to-volatility ratio for Asset U = Expected return / standard deviation

Reward-to-volatility ratio for Asset U = 8.8% / 5.5%

Reward-to-volatility ratio for Asset U = 1.6

Reward-to-volatility ratio for Asset B = Expected return / standard deviation

Reward-to-volatility ratio for Asset B = 8.8% / 6.5%

Reward-to-volatility ratio for Asset B = 1.3538

The  investor should prefer Asset U because its has the highest reward to volatility ratio among the three options.

8 0
3 years ago
(A bond forward) A certain 10-year bond is currently selling for $920 A friend of yours owns a forward contract on this bond tha
sleet_krkn [62]

Answer: -$100

Explanation:

Value of forward contract = Selling price - Forward price on bond

Forward price = Present value of cashflows + Present value of bond

Periodic rate = 7%/ 2 = 3.5% per semi annum

= 8% / 2 = 4%

3.5% will be used to discount the payment 6 months from now as that is the 6 month rate. The rest will be 4%.

= (80 / (1 + 3.5%) ) + ( 80 / ( 1 + 4%)²) + (940 / ( 1 +4%)²)

= $1,020.342

= $1,020

Value of forward contract = 920 - 1,020

= -$100

4 0
2 years ago
Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
Gemiola [76]

Answer and Explanation:

The computation of the equivalent units of production for both materials and conversion costs is given below:

For material

= Units completed + ending work in process × completion percentage

= 7,700 + 2,100 × 0.75

= 9,275 units

And, for conversion cost

= Units completed + ending work in process × completion percentage

= 7,700 + 2,100 × 0.25

= 8,225 units

5 0
2 years ago
Other questions:
  • Whether a buyer or a seller pays more of a commodity tax depends on:
    5·2 answers
  • Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The curren
    7·1 answer
  • Which answer best describes an unsubsidized federal loan?
    10·1 answer
  • Managerial accounting reports are a.prepared periodically only b.related to the entire business entity only c.prepared according
    5·1 answer
  • fowler credit bank is offering 6.7 percent compounded dailyon its savings accounts. If you deposit $7000 today, how much will yo
    12·1 answer
  • There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f
    11·1 answer
  • The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society
    11·1 answer
  • Measuring performance relative to planned objectives and standards is part of:.
    10·1 answer
  • You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and t
    12·1 answer
  • The use of sharp, temporary price cuts as a form of ________ would enable traditional US automakers to discourage new competitio
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!