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2 years ago

In a survey of companies, it was found that 45 were in the mining sector, 72 were in

Business

1 answer:

Diano4ka-milaya [45]2 years ago

8 0

Answer:

0.288

0.308

Explanation:

Given :

Mining sector = 45

Financial sector = 72

IT sector = 32

Production sector = 101

Total number of companies :

(45 + 72 + 32 + 101) = 250

A.)

Probability that a randomly selected company is in the financial sector

Recall :

Probability = required outcome / Total possible outcomes

P(company = financial) = (number of companies in financial sector / total number of companies)

P(company = financial) = 72 / 250 = 0.288

B.)

Company is either a mining or IT company :

P(company = Mining or IT) = (number of mining + number of IT Companies) / total number of companies

P(company = Mining or IT) = (45 + 32) / 250 = 77 / 250 = 0.308

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On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declare

mash [69]

Answer:

Total Stockholders' equity was affected.

Explanation:

Stock dividend refers to distributing shares free of cost among the existing shareholders. Such a dividend does not result in resources flowing out of the entity but merely reassign amounts from retained earnings to other equity accounts. Thus, such a dividend does not affect the total equity of the stockholders. This can be seen through the following entry,

Retained Earnings $1,800,000 Dr

Common Stock, at par $1,200,000 Cr

Paid in Capital in excess

of par, Common Stock $600,000 Cr

The above transaction shows that we just redistributed the reserves by reducing retained earning by the value of stock dividend 1800000 [( 800000*0.15) * $15] and adding it to the Common Stock 1200000 [(800000*0.15) * 10] and to paid in capital in excess of par 600000 [(800000*0.15) * 5].

6 0

2 years ago

The operations of Smits Corporation are divided into the Child Division and the Jackson Division. Projections for the next year

dybincka [34]

Answer:

Operating income for the Smith's corporation as a whole if the Jackson's division were dropped is $22,500

Explanation:

The operations of Smith's Corporation are divided into the Child Division and the Jackson Division. Projections for the next year are as follows:

Child Division Jackson Division Total

Sales revenue $250,000 $180,000 $430,000

Variable expenses 90,000 100,000 190,000

Contribution margin $160,000 $80,000 $240,000

Direct fixed expenses 75,000 62,500 137,500

Segment margin $85,000 $17,500 $102,500

Allocated common costs 35,000 27,500 62,500

Total relevant benefit $50,000 $(10,000) $40,000

Operating income for the Smith's corporation as a whole if the Jackson's division were dropped

Child Division

Sales revenue $250,000

Variable expenses 90,000

Contribution margin $160,000

Direct fixed expenses 75,000

Segment margin $85,000

Allocated common costs 62,500

Total relevant benefit $22,500

Note that common fixed costs will be borne by the child division alone when the Jackson division is closed which is the entire 62,500 is deducted from the sales margin of child division before arriving at profit

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3 years ago

Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca

Flura [38]

Answer:

36%

Explanation:

For the computation of the company's return on equity first we need to follow some steps which is shown below:-

Step 1

Earnings before tax = EBIT - Interest

= $452,000 - $152,000

= $300,000

Step 2

Earnings after interest and taxes = Earnings before tax - Tax

= $300,000 - ($300,000 × 40%)

= $300,000 - $120,000

= $180,000

Step 3

Asset turnover ratio = Total revenue ÷ Total assets

3.6 = $4,000,000 ÷ Total assets

Total assets = $1,111,111.11

Step 4

Equity ratio = 1 - Debt ratio

= 1 - 0.55

= 0.45

Step 5

Total Equity = Equity ratio × Total assets

= 0.45 × $1,111,111.11

= $500,000

and finally

Return on Equity = Net income ÷ Equity

= $180,000 ÷ $500,000

= 0.36

= 36%

3 0

3 years ago

Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check

yulyashka [42]

Answer:

For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.

Explanation:

M1 money supply comprises of currency in physical form and coin, the demand deposit( check-able) travelers check

M2 money supply comprises of Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises money. that is less liquid/

Kenji has $25000 in a money market account - it belongs to the category of M2 money supply.

Lucia has $8000 in a two year CD, it belongs to the category - M2 which is money supply

Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the physical currency. these category belongs in M1. As M2 money supply contains M1 therefore this example also belongs in M2.

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3 years ago

Alex is a member of a corporate sales team who frequently speaks in front of groups as part of sales presentations. He has now b

dybincka [34]

Answer: Alex tells a story about his brother that causes his friends and family in the audience to laugh.

Explanation:

The statement that describes a strategy that Alex could use to deliver a lighter speech will be for Alex to tell a story about his brother that causes his friends and family in the audience to laugh.

It's but proper for Alex to tell an embarrassing joke about his brother. Also, preparing a long statement to be delivered when it's time to toast can make the event boring.

Therefore, the correct option is A.

8 0

2 years ago