What type of industry would Tim Hortons and McDonalds be classified as?

PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,

Yanka [14]

Answer:

1. P = $156,560; Q = $203,440

2. P = $90,320; Q = 149,680

3. P = -$43,500; Q = $3,500

Explanation:

The explanation is given in images for each situation:

3 0

3 years ago

Johnson Enterprises uses a computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hou

Ganezh [65]

Answer:

The current machine should be replaced as doing that brings $6000 in benefits as shown below.

Explanation:

In order to determine which of the two options between replacing the old machine and acquiring new machine is more viable it would be appropriate to carry out an incremental cost/benefits analysis of both options:

Old machine New machine Difference

A B A-B

Operating annual costs $125,000* $100,000** $25,000

New machine costs $0 $25,000 -$25,000

salvage value ($,6000) $6000

Total costs $125,000 $119,000 $6,000

*The old machine has $125,000 ($25,000*5) estimated operating costs for five years.

**The new machine has $$100,000($20,000*5) estimated operating costs for five years

The cost of price of the old asset is not relevant as it is a sunk cost.

3 0

3 years ago

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2020, for $115,000. On December 12, 2020, Kevin purchas

salantis [7]

Answer:a)$195,500 b) $10,735 c)$6,900

Explanation

a)adjusted basis of Kevin’s Bluebird stock on December 31, 2020?

1,000 shares was bought for $115,000

Therefore it was bought at $115 per share

Also

750 shares was bought at $80,500 and therefore bought at 107.33 per share

So in total of 1750 shares, He spent $195,500 ($115,000+ $80,500)

b.On December 12, 2020,he bought shares at 107.33 per share

500 shares would be 500 x $107.33=$53, 665

Therefore, Kevin’s recognized gain or loss from the’ sale of Bluebird stock on March 1, 2021 would be

$64,400- $53, 665 = $10,735

c.Assuming he cannot identify the shares sold, then we can say they are sold on a FIFO ( first in first out) basis. So we would consider the shares bought on October 3, 2020

so we have that

500 x $115=$57,500

$64,400 - $57,500 = $6,900

7 0

3 years ago

You have taken a job as an entry-level analyst, and your boss has asked you to find the expected value of Adams Furniture’s stoc

11111nata11111 [884]

Answer:

$67.20

Explanation:

Given:

Dividends paid, D₀ = $3.20

Growth rate = 5%

Required return rate = 10%

Now,

The expected value of the company’s stock

= $\frac{\textup{Last dividend( 1 + growth rate)}}{\textup{required return-growth rate}}$

on substituting the respective values, we have

= $\frac{\$3.20\times(1+0.05)}{\textup{0.1-0.05}}$

or

= $67.20

Hence, The correct answer is option $67.20

6 0

3 years ago

Identify three areas in our daily lives that would benefit from the study of communication. Use specific examples from the site.

max2010maxim [7]

I know it said from the site and I don’t see a web address so maybe I can give you a few examples and you can go from there:
1. Work place
2. Home
3. School

6 0

4 years ago

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