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Colt1911 [192]
3 years ago
8

Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be

$10,000. Budgeted cash receipts are $85,000, while budgeted cash disbursements are $66,000. Einstein Company wants to have an ending cash balance of $25,000. The excess (deficiency) of cash available over disbursements for the month would be
Business
1 answer:
sveta [45]3 years ago
3 0

Answer:

$29,000

Explanation:

Calculation would be as follows:

Particular                                   Amount ($)

Beginning Cash                          10,000

Add: Cash Receipt                      85,000

Less: Cash Disbursement          (66,000)

Cash Available                            29,000

Hence, the cash available over disbursement for the month would be $29,000.

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As managers use less and different types of direct materials, which of the following standards do managers focus on to enhance s
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D) Both A and B

Explanation:

A sustainable workplace is the setup of the workplace in which the environment is employee-friendly. The cases of accidents and injuries and bad environment are absent in such type of workplace. The employees find such places a very healthy and favorable. It helps in generating a sound profit for the organizations.

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3 years ago
omparative Income Statement For the Years Ended December 31, 20Y6 and 20Y5 1 20Y6 20Y5 Amount Increase (Decrease) Percentage Inc
ElenaW [278]

Answer:

The question is incomplete. Here is the complete question:

 

Liquidity and Solvency Measures Computations

Current ratio $3,093,000 ÷ $840,000

Working capital $3,093,000 – $840,000

Accounts receivable turnover $8,280,000 ÷ [($714,000 + $740,000) ÷ 2]

Ratio of fixed assets to long-term liabilities $2,690,000 ÷ $1,690,000

Inventory turnover $4,100,000 ÷ [($1,072,000 + $1,100,000) ÷ 2]

Number of days' sales in receivables [($714,000 + $740,000) ÷ 2] ÷ ($8,280,000 ÷ 365)

Number of days' sales in inventory [($1,072,000 + $1,100,000) ÷ 2] ÷ ($4,100,000 ÷ 365)

Times interest earned ($989,400 + $127,000) ÷ $127,000

Ratio of liabilities to stockholders' equity $2,530,000 ÷ $4,077,000

Quick ratio $1,866,000 ÷ $840,000

Profitability Measures Computations

Asset turnover $8,280,000 ÷ [($5,783,000 + $5,593,000) ÷ 2]

Return on total assets ($801,420 + $127,000) ÷ [($6,607,000 + $6,417,000) ÷ 2]

Return on stockholders’ equity $801,420 ÷ [($4,077,000 + $3,873,150) ÷ 2]

Return on common stockholders’ equity ($801,420 – $65,000) ÷ [($3,589,500 + $3,445,920) ÷ 2]

Earnings per share on common stock ($801,420 – $65,000) ÷ 250,000 shares

Price-earnings ratio $35 ÷ $3.05

Dividends per share $175,000 ÷ 250,000 shares

Dividend yield $0.70 ÷ $35

Two of the computations use shares.

Use the following comparative income statement form to enter amounts you identify from the computations on the Liquidity and Solvency Measures panel and on the Profitability Measures panel. Compute any missing amounts and complete the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If < 5, round down and if ≥ 5, round up. For example, for 32.048% enter 32.0%. For 32.058% enter 32.1%.

Comparative Income Statement    

For the Years Ended December 31, 20Y6 and 20Y5

 

1   20Y6 20Y5 Amount Increase (Decrease) Percentage Increase (Decrease)

2 Sales   $7,287,000.00    

3 Cost of goods sold   3,444,000.00    

4 Gross profit   $3,843,000.00    

5 Selling expenses   $1,457,600.00    

6 Administrative expenses 1,242,000.00 1,106,000.00    

7 Total operating expenses   $2,563,600.00    

8 Income from operations   $1,279,400.00    

9 Interest expense   120,600.00    

10 Income before income tax   $1,158,800.00    

11 Income tax expense   181,980.00    

12 Net income   $976,820.00    

Explanation:

Items Computations value

1. Sales: Sales are taken from number of days' sales in receivables or accounts  

receivable turnover ratio, with assuming that all sales are credit sales 8,280,000.00

2. Cost of goods sold:  Cost of goods sold is taken from number of days' sales in inventory or Inventory turnover 4,100,000.00

3. Gross profit:  Gross profit = Sales - Cost of goods sold 4,180,000.00

4. Selling expenses:  Selling expenses = Total operating expenses - Cost of goods sold - Administrative expenses 1,821,600.00

5. Administrative expenses:  available 1,242,000.00

6. Total operating expenses: Total operating expenses = Sales - Income from operations 7163600

7. Income from operations: Income from operations (or is also known EBIT) = Income before income tax + Interest expense 1,116,400.00

8. Interest expense: Interest expense is taken from Times interest earned and Return on total assets 127,000.00

9. Income before income tax: Income before income tax is taken from Times interest earned and Interest expense being specified already 989,400.00

10. Income tax expense: Income tax expense = Income before income tax - Net income 187,980.00

11. Net income: Net income is taken from Return on total assets and Return on common stockholders’ equity 801,420.00

Download docx
4 0
3 years ago
1
Ksivusya [100]

Answer:

Replication

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3 years ago
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Stock A has a beta of 0.7, whereas Stock B has a beta of 1.3. Portfolio P has 50% invested in both A and B. Which of the followi
lorasvet [3.4K]

Answer:

a. The required return on Portfolio P would increase by 1%

Explanation:

Assume that in the given question, the Market risk premium is 7% while the risk free return is 5%, then according to the Capital asset pricing model(CAPM), the expected return of stock A and B will be calculated as follows:

CAPM=Risk free return+Beta(Market risk premium)

Expected Return on stock A=5%+0.70*7%=9.9%

Expected Return on stock B=5%+1.30*7%=14.1%

Since the equal amount of 50% of portfolio P has been invested in the stock A and B, therefore, the return on the portfolio P shall be calculated as follows

Expected return on portfolio P=0.50*9.9%+0.50*14.1%=12%

If the market risk premium is increased by 1% i.e. from 7% to 8%, then the expected return of the Stock A and B shall be calculated as follows:

Expected Return on stock A=5%+0.70*8%=10.6%

Expected Return on stock B=5%+1.30*8%=15.4%

Expected return on portfolio P=0.50*10.6%+0.50*15.4%=13%

So the expected return on portfolio P has been increased by 1% i.e. from 12% to 13% when the market risk premium has been increased by 1%.

Based on the above calculations, the answer shall be a. The required return on Portfolio P would increase by 1%

4 0
3 years ago
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