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2 years ago

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Zwick Company bought 21,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced

$201,500 net income for 2021 and declared and paid a cash dividend of $9.00 per share on all 207,500 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:

1 answer:

Tanya [424]2 years ago

7 0

Answer:

$193,500

Explanation:

Calculation to determine what Zwick Company's dividend revenue from Handy Corporation in December 2021 would be

Using this formula

Dividend revenue =Voting common stock shares *Cash dividend

Let plug in the formula

Dividend revenue=21,500 shares x $9.00 per share

Dividend revenue = $193,500

Therefore Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:$193,500

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You are considering adding a new food product to your store for resale. You are certain that, in a month, minimum demand for the

Alenkasestr [34]

Answer:

Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.

The maximum EMV of profit you can make is 270.

Explanation:

We can use the following method to solve the given problem

Solution:

Using EMV analysis,

EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240

EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270

EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260

Largest EMV= 270; Choose to purchase 7 units for resale.

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3 years ago

Bryant Company sells a wide range of inventories, which are initially purchased on account. Occasionally, a short-term note paya

masya89 [10]

Answer:

1. January 10:

Inventory account increases by $25,500

Account payable increases by $25,500;

Total asset will increase by $25,500 and total liabilities will increases by $25,500. Equity remains the same.

March 1:

Cash account increases by $55,000.

Promissory note payable increases $55,000

Total asset will increase by $55,000 and total liabilities will increases by $55,000. Equity remains the same.

2.

The amount of cash will be paid at maturity date (Sep 1) of the note is $56,787.5

3.

Jan 10: debt-to-assets ratio = 0.70, thus increase in Debt to asset ratio comparing to the ratio 0.69 at the beginning

March 1: debt-to-assets ratio = 0.72, thus increase in Debt to asset ratio comparing to the ratio 0.69 at the beginning

Explanation:

- Working note for 2: Repayment will include Face value + Interest rate expenses incurred = 55,000 + 55,000 * 6.5% *6/12 = $56,787.5

- Working note for 3:

Jan 10: Debt-to-asset ratio = (450,000 + 25,500) / (650,000 + 25,500) = 0.70

Mar 1: Debt-to-asset ratio =(450,000 + 55,000) / (650,000 + 55,000) = 0.72

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3 years ago

What is compund interest?

dlinn [17]

Answer:

compound interest- interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Explanation:

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3 years ago

Read 2 more answers

How much would howard steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a ra

mojhsa [17]

The present value of money, P, and the annuity can be related through the equation,

P = A x ((1 - (1 + r)⁻ⁿ) / r)

where A is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values to the equation,

P = (12,000) x ((1 - (1 + 0.08)⁻²⁰) / 0.08)

P = $117,817.77

<em>ANSWER: $117,817.77</em>

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3 years ago

Read 2 more answers

A rectangular storage container with an open top is to have a volume of 10 m^3. The length of its base is twice the width. Mater

DiKsa [7]

Answer:

The dimension that minimizes the container is width = 1; base = 2 and height = 5

The minimum cost is $36

Explanation:

Let the width be x

So:

$Width = x$

$Base = 2 * Width$

$Base = 2 * x$

$Base = 2x$

$Height = h$

Volume of the box is:

$Volume = 10m^3$ ---- Given

Volume is calculated as:

$Volume = Base * Width * Height$

$Volume = 2x * x * h$

$Volume = 2x^2h$

Substitute 10 for Volume

$10 = 2x^2h$

Make h the subject

$h = \frac{10}{2x^2}$

$h = \frac{5}{x^2}$

Next, we calculate area of the sides.

$Area = Base + Sides$

Because it has an open top, the area is:

$Base\ Area = Base * Width$

$Sides\ Area = 2[(Width * Height) + (Base * Height)]$

$Base\ Area = 2x * x$

$Base\ Area = 2x^2$

$Sides\ Area = 2[(Width * Height) + (Base * Height)]$

$Side\ Area = 2[(x * h) + (2x * h)]$

$Side\ Area = 2[(xh) + (2xh)]$

$Side\ Area = 2[3xh]$

$Side\ Area = 6xh$

The base area costs $6 per m²

So, the cost of 2x² would be:

$Cost = 6 * 2x^2$

$Cost = 12x^2$

The side cost area costs $0.8 per m²

So, 6xh would cost

$Cost = 0.8 * 6xh$

$Cost = 4.8xh$

Total Cost (C) is:

$C = 12x^2 + 4.8xh$

Recall that $h = \frac{5}{x^2}$

So:

$C = 12x^2 + 4.8x *\frac{5}{x^2}$

$C = 12x^2 + 4.8 *\frac{5}{x}$

$C = 12x^2 + \frac{4.8 *5}{x}$

$C = 12x^2 + \frac{24}{x}$

Take derivative of C

$C^{-1} = 24x - \frac{24}{x^2}$

Take LCM

$C^{-1} = \frac{24x^3 - 24}{x^2}$

Equate $C^{-1}$ to 0

$0 = \frac{24x^3 - 24}{x^2}$

Cross multiply

$24x^3 - 24 = 0 * x^2$

$24x^3 - 24 = 0$

Add 24 to both sides

$24x^3 = 24$

Divide through by 24

$x^3 = 1$

Take cube roots of both sides

$x = 1$

Recall that

$Width = x$

$Base = 2x$

$Height = h$ and $h = \frac{5}{x^2}$

Solve for these dimensions:

$Width = 1$

$Base = 2 * 1$

$Base = 2$

$h = \frac{5}{1^2}$

$h = \frac{5}{1}$

$h = 5$

i.e.

$Height = 5$

<em>Hence, the dimension that minimizes the container is width = 1; base = 2 and height = 5</em>

<em></em>

Recall that

$C = 12x^2 + \frac{24}{x}$

Substitute 1 for x

$C = 12(1^2) + \frac{24}{1}$

$C = 12 + 24$

$C = 36$

<em>The minimum cost is $36</em>

8 0

3 years ago