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4 years ago

Most state payroll reports are prepared on

1 answer:

5 0

C. quarterly

The general rule for income taxes is that each state requires employers to file a quarterly tax and wage report on or before the last day of the month following the calendar quarter.

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The following data is available for Everest Company:

Lady bird [3.3K]

Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

c. Average Stockholder's equity = (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity = Net income / Average stockholder's equity = $112 / $525 = 21.33%

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income $112

Less: Ending retained earnings -<u>$366</u>

Dividends <u>$92</u>

5 0

3 years ago

An organization looking for general agreement on ethical practices might take what step?

Kisachek [45]

An organization looking for general agreement on ethical practices might:<u> establish an ethical code of conduct.</u>

<h3>What is establish an ethical code of conduct?</h3>

Ethical code of conduct can be defined as a set of guidelines, policy, rules and regulation that a person is expected to follow and abide by in an organization.

This code of conduct enables us to know the organization norms and values as well what is right and what is wrong which in turn means that it enables us to know the right things to do and thing to to avoid.

The code of conduct encourage ethical act which is to be honest and to have integrity among others and as well discourage unethical behavior in an organization which is why most organization has ethical code of conduct that enables their employee or workers to known the ethical ways they should behave.

Therefore an organization looking for general agreement on ethical practices might:<u> establish an ethical code of conduct.</u>

Learn more about establish an ethical code of conduct here:brainly.com/question/28465686

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4 0

2 years ago

Use the following statement to answer parts a) and b). Five hundred raffle tickets are sold for $3 each. One prize of $200 i

vazorg [7]

Answer:

A.) - 2.6

B.) 0.4

Explanation:

Ticket price = $3

Winning price = $200

Probability of winning(Pwin) = (1/500)

Probability of not winning (Ploss) = [ 1 - (1/500)] = 499/500

Net income if Raul wins (Nwin) = $200 - $3 = $197(no refund)

Net loss if Raul does not win(Nloss) = - $3

A.) Expected value is calculated by;

(Pwin × Nwin) + (Ploss × Nloss)

((1/500) × 197) + ((499/500) × - 3)

0.394 - 2.994 = - 2.6

B.) Fair Value is calculated by;

Cost of ticket + Expected value

3 - 2.6 = 0.4

5 0

3 years ago

The spot price of silver is $20 per ounce. The storage costs are $0.30 per ounce per year payable quarterly in advance. Assuming

kirill115 [55]

Answer:

21.11176754

Explanation:

storate cost: 0.30

as the storage is continusly we use continuos interest rate:

0.30 / 4 = 0.075 per quarter

this is paid in advance so we calculate the present values of this payment

$PV = 0.075 + 0.075e^{-0.04 \times 0.25} + 0.075e^{-0.04 \times 0.50}+0.075e^{-0.04 \times 0.75}$

PV = 0.295552053

Now we solve for the future value of silver using also a continuos rate

$F = (spot + storage) e^{0.04 \times 1}$

(20 + 0.295552053)e^0.04 = 21.11176754

4 0

3 years ago

What is the value today of an annuity of $6,800 per year, with the first cash flow received three years from today and the last

erma4kov [3.2K]

Answer:

PV $61,399.0165

Explanation:

First, we solve for the present value of the annuity:

3rd year > Annuity Start 25th year end

<-----/----/----/----/----/----/----/----/----/......----/----/----/----/----/---->

^ Present day

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 6,800.00

time 22 years (25 - 3)

rate 0.07

$6800 \times \frac{1-(1+0.07)^{-22} }{0.07} = PV\\$

PV $75,216.4354

Now, as this is 3 years from now so we make an additional discount from this lump sum:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $75,216.4354

time 3.00

rate 0.07000

$\frac{75216.4353825748}{(1 + 0.07)^{3} } = PV$

PV 61,399.0165

that would be the value of the annuity today.

5 0

3 years ago