4. Which of the following is minced by very thin slicing?

Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:

HACTEHA [7]

Answer:

Statement of retained earnings

For the year ended 2017

Retained earnings, January 1, 2017 $0

Add: Net Income $54,000

Less: Dividends $22,000

Retained earnings, December 31, 2017 $32,000

Statement of retained earnings

For the year ended 2018

Retained earnings, January 1, 2018 $0

Add: Net Income $59,000

Less: Dividends $34,000

Retained earnings, December 31, 2018 $25,000

7 0

3 years ago

What are examples of career fields Skills USA prepares students for? Check all that apply.

MissTica

Answer:

Health

Education

Information technology

Agriculture

Manufacturing

Explanation:

First let's define a career field skills:

A career field skills is an extra skill or a transferable skill which one can develop on his journey of life in such a way that one can be self employed with it.

Health skills

Education skills

Information technology skills

Agriculture skills

Manufacturing skills

The above mentioned skills are example of career fields Skills USA prepares students for so that they can earn even without working for anyone.

6 0

3 years ago

Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.50 percent, a par value of $1,000 pe

katrin [286]

Answer:

2.9652%

Explanation:

to determine the cost of debt we must use the FMV of the bonds plus the YTM:

first bond:

FMV = 1.09 x $1,000 = $1,090 x 3,600 bonds = $3,924,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {17.5 + [(1000 - 1090)/16]} / [(1000 + 1090)/2] = (17.5 - 5.625) / 1045 = 1.136% x 2 = 2.27% annual

second bond:

FMV = 0.95 x $2,000 = $1,900 x 3,950 bonds = $7,505,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {59.4 + [(2000 - 1900)/42]} / [(2000 + 1900)/2] = (59.4 + 2.38) / 1950 = 3.168% x 2 = 6.34% annual

total debt = $3,924,000 + $7,505,000 = $11,429,000

weighted average after tax cost of debt:

{($3,924,000/$11,429,000 x 2.27%) + ($7,505,000/$11,429,000 x 6.34%)} x (1 - 0.40) = (0.779% + 4.163%) x 0.6 = 4.942% x 0.6 = 2.9652%

6 0

3 years ago

Select all of the information that appears on a bank statement.

Korolek [52]

account number

social security number

8 0

2 years ago

Read 2 more answers

The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner.

Butoxors [25]

Answer:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

Explanation:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

From the table in the question, it can be observed that the average total cost of production at a quantity of 30 cheeseburgers per hour is higher than the average total cost of production at a quantity of 40 cheeseburgers per hour, while the average total cost of production at a quantity of 50 cheeseburgers per hour is lower than the average total cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the average total cost of production is falling.

Also from the table in the question, it can be observed that the marginal cost of production at a quantity of 30 cheeseburgers per hour is lower than the marginal cost of production at a quantity of 40 cheeseburgers per hour, while the marginal cost of production at a quantity of 50 cheeseburgers per hour is higher than the marginal cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the marginal cost of production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

From the table in the question, it can be observed that the average variable cost of production at a quantity of 50 cheeseburgers per hour is lower than the average variable cost of production at a quantity of 60 cheeseburgers per hour, while the average variable cost of production at a quantity of 70 cheeseburgers per hour is higher than the average variable cost of production at a quantity of 60 cheeseburgers per hour. This implies that at a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising.

Also from the table in the question, it can be observed that the average total cost of cheeseburger production at quantities of 50 and 60 cheeseburgers per hour are equal and the lowest on the table, this implies that the average total cost of cheeseburger production is at a minimum at a quantity of 60 cheeseburgers per hour.

7 0

2 years ago