What is the most common workplace for people in the Finance cluster?

Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.

vova2212 [387]

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an <em>Annuity Due </em>type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG" and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

5 0

4 years ago

Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000

Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter FIRST SECOND THIRD FOURTH

Production in unit 48000 88000 98000 78000

Raw material per unit 3 3 3 3

=================================================================

Thus,

Need for material = Production in unit × Raw material per unit

=================================================================

Quarter FIRST SECOND THIRD FOURTH

Need for material in production 144,000 264,000 294,000 234,000

Desired ending inventory = 25% of next quarter's production needs for material

==================================================================

ADD:

Desired ending inventory 66000 73500 58500

==================================================================

Total need of material = Need for material in production + Desired ending inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total need of material = 210,000 337,500 352,500

Beginning inventory 38000 66000 73500

==================================================================

Total purchase = Total need of material - Beginning inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total purchase = 172,000 271,500 279,000

Hence,

The answer is 271,500 pounds

5 0

3 years ago

"When a parent uses the partial equity method throughout the year to account for its investment in an acquired subsidiary, which

Sedaia [141]

Options for the first question:

a? Goodwill will be recognized if acquisition value exceeds fair value of net assets acquired.

b? Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

c? Subsidiary net assets are valued at their book values before consolidating entries are made.

d? Parent company net income will exceed controlling interest in consolidated net income when fair value of depreciable assets acquired exceeds book value of depreciable assets.

e? Parent company net income will equal controlling interest in consolidated net income when initial value, book value, and fair value of the investment are equal.

Information regarding the second question:

Book Value Fair Value

Buildings (10-year life) $10,000 $8,000

Equipment (4-year life) $13,000 $17,000

Land $5,000 $12,000

In consolidation at January 1, 2017, what adjustment is necessary for Hogan's Equipment account?

Answer:

Answer to the first question:

B) Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

Answer to the second question:

The fair market value of the equipment is higher than the book value, therefore the equipment account must increase by = $17,000 - $13,000 = $4,000

Explanation:

The partial equity method is used when the company's stake is not significant in the subsidiary or when the parent doesn't exercise operating control over the subsidiary.

3 0

3 years ago

Custer County is considering raising revenues by imposing a $25 fee on couples who obtain a marriage license within the county.

Andreas93 [3]

Answer:

The payment serves as a fee for the service rendered by government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under law.

Explanation:

The payment serves as a fee for the service rendered by the government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under the law.

8 0

4 years ago

A free market exists

kvasek [131]

Answer: Option A

Explanation: In a free market structure, the majority of resources in the economy are owned and controlled by the private owners. The prices of commodities produced in such a market structure are determined by the market forces of demand and supply.

The rules and restrictions imposed by the govt. in such a market structure exists but at a very small extent. The govt. in such a market structure controls only those industries which are important for national security and development.

7 0

3 years ago