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Olegator [25]
3 years ago
13

Suppose Torche Corporation has the following revenue and expenses for 2019:

Business
1 answer:
OlgaM077 [116]3 years ago
8 0

Answer:

The value of net income is $3,008,000

Explanation:

Income statement:

Revenues= 9,100

COGS= (2,730)

Gross profit= 6,370

Other Expenses= (600)

Sales, General, & Administrative Expenses= (910)

Depreciation Expenses= (500)

Interest Expenses= (180)

EBT= 4,180

Tax= (1,672)

Depreciation= 500

Net income= 3,008

The value of net income is $3,008,000

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On December 31, 2020, Marin Company borrowed $67,653 from Paris Bank, signing a 5-year, $114,000 zero-interest-bearing note. The
igor_vitrenko [27]

Answer:

Journal Entries

December 31, 2020

Dr. Note Receivables $114,000

Cr. Discount on bond $46,347

Cr. Cash $67,653

December 31, 2020

Dr. Impairment loss $20,839

Cr. Allowance for Impairment $20,839

Explanation:

Calculate the discount on the bond as follow

Discount on the bond = Face value of Note - Borrowed Amount = $114,000 - $67,653 = $46,347

On December 31, 2020 calculate the present value of face value of note and recoverable value

Present value of Note = Face value x Discount factor at 11% for 3 years = $114,000 x 1/( 1 + 11%)^3 = $83,355.82

Present value of recoverable value of note = Recoverable value of note x Discount factor at 11% for 3 years = $85,500 x 1/( 1 + 11%)^3 = $62,516.86

Now calculate the impairment loss as follow

Impairment loss = Present value of Note - Present value of recoverable value of note = $83,355.82 - $62,516.86 = $20,838.96 = $20,839

8 0
3 years ago
A portfolio is invested 20 percent in Stock G, 60 percent in Stock J, and 20 percent in Stock K. The expected returns on these s
disa [49]

Answer:

The portfolio's expected return is 15%

Explanation:

The expected return of a portfolio is the sum of the weight of each asset times the expected return of each asset.

So, the expected return of the portfolio is:

E(RP) = 0.20(.09) + 0.60(.15) + 0.20(.21)

= 0.018 + 0.09 + 0.042

E(RP) = 0.15 or 15%

If we own this portfolio, we would expect to earn a return of 15 percent.

7 0
3 years ago
The school board is trying to evaluate a new math program introduced to second-graders in five elementary schools across the cou
Komok [63]

Answer:

a) The chart tell us that all the point are between the upper and lower control limits, so the process is under control.

b) Since the process under control, the number of defects are controled and we know with a 99.3 % of certainty the average of them, so the program is  effective.

Explanation:

In order to draw a C chart we should calculate the  average test errors and the control limits of the chart

The average test errors is = (52+27+35+44+55)/5= 42.6 = c

This will be the middle line in the chart.

Then, the Upper and lower control limits are:

LCL=  c-m *sqr(c) and UCL= c+ m *sqr(c)

In this case, since we are told to contain the 99,7% of random variation, this means that we are working with a 6 sigma.

So m will be 3 (3 sigma) for the upper limit control and 3 (3 sigma) for the lower limit control:

LCL= 42.6 -3*sqr(42,6) = 23.0

UCL= 42.6+3*sqr(42,6) = 62.2

(the graphic is attached)

As we can see, al the test error values are between the control limits, so the program is undercontrol

Download xlsx
6 0
3 years ago
In employee selection, initial screening consists of two stages. They are the:
Nadya [2.5K]

Option a; In employee selection, initial screening consists of two stages of Employment application form and the preliminary review.

Any new product development process must include idea screening. Using predetermined criteria, data (such as market research), or scoring models, it aids in the vetting and evaluation of potential ideas.

Consider the following while evaluating new concepts: relevance, limits, budgets, value, dangers, and/or feasibility. Even though this list is by no means comprehensive, it should give you some background on how to go about idea screening.

In addition to the aforementioned, you can leverage previous market research or client information/feedback to judge the viability and worth of a novel idea. Everything begins with your ideas. The finest product concepts combine viewpoints from several teams and stakeholders as well as market and consumer research (where possible).

Learn  more about Screening here:

brainly.com/question/28283345

#SPJ4

6 0
1 year ago
Do speed cameras solve the problem of speeding?
olga55 [171]
No not all the time because people that aren’t from the area could still spend by a speeding camera think about it if speeding carmeras solved the problem of speeding then people wouldn’t be getting into car accidents when they are speeding and people wouldn’t be getting speeding tickets anymore
3 0
3 years ago
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