Answer:
A) the Fair Labor Standards Act.
Explanation:
The fair labor standard act is a federal legislation set up to protect employees from certain sharp practices by employers which pertains to pay packages, minimum wage, record keeping in private or governmental organizations.
This also includes employment standards followed by employers when recruiting workers.
Answer:
Cost of the VAN <em>$53.298</em>
Explanation:
We have to enter the van as the cost for a cash purchase and all other neccesary cost to get the van ready for use and in company's possesion.
The financing cost (interest) should be excluded as are not part of the cost the company can chose to take them or not.
list x reduction = invoice
invoice less discount = cash price
60,000 x (1 - 0.13) x (1 - 0.01) = 51.678
to this, we add up the sales tax and the extra cost for the device
51,678 + 860 + 760 = <em>53.298</em>
Answer:
- a. What is the portfolio weight of each stock?
Stock J 0,5047
Stock K 0,4953
- b. What is the expected return of your portfolio?
Stock J 6,69%
Stock K 5,25%
Portfolio : 11,94%
Explanation:
To find the Beta that equals to market we need to know how much is x (weight of each stock in the portfolio) with an equation of one variable that equals to 1.
Portoflio with the same risk as the market means a beta of 1,00
1,23 (x) + 0,84 (1-x) = 1 Stock J = 0,4103
1,23x + 0,84 - 0,84x = 1 Stock K = 0,5897
1,23x - 0,84x = 0,16
0,39x = 0,16
x = 0,16/0,39
x = 0,4103
The expected return of the portfolio it's defined by the weight of each stock and the expected return.
Stock J 13,25% 0,5047 6,69%
Stock K 10,60% 0,4953 5,25%
Portfolio 1,00 11,94%
Answer:
PAYBACK PERIOD
Year Cashflow Cummulative cashflow
$ $
0 (16,000) (16,000)
1 8,000 (8,000)
2 6,000 (2,000)
3 5,000 3000
4 6,000
5 5,000
Payback period
= 2 years + 2,000/5,000
= 2.4 years
Explanation:
In this case, we need to deduct the initial outlay from the cashflows for each year until the initial outlay is fully recovered.
Answer:
journal entries are as given below
Explanation:
solution
journal entries are as
first we get here investment by Moss
date account title debit credit
January 01 cash $17500
equipment $82500
note payable $25000
Angela Moss capital $75000
and now we get investment by barber
date account title debit credit
January 01 cash $31250
autumn barber capital $31250