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2 years ago

Rank these jobs in the Law, Public Safety, and Security career cluster based on years of schooling required, from most to

Business

1 answer:

love history [14]2 years ago

6 0

Answer:

The correct answer is the option C: Lawyer - Probation Officer - Firefighter

Explanation:

To begin with, the lawyer would be the one who requires more years of schooling in order to accomplish the merit of graduating so the person would be able to perform that profession in the legal areas. Secondly, the probation officer follows because it requires years of schooling according to its own subject of study and at least the firefighter who does not need too many years of schooling once high school graduation.

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Tangshan mining has 100,000 shares outstanding and just declared a 3-for-2 stock split. before the announcement, the firm's shar

Kazeer [188]

In this problem, the market net worth of the stocks of Tangshan mining is $5,000,000 (100,000 shares x $50.00 per share). The stock split would not affect the price of the stock. This transaction would only affect the number of shares of the company. Since this is a 3-for-2 stock split, this is clearly a split up. Therefore, this transaction would increase the number of shares while reducing its price per share. The shares would become 150,000 shares now ({100,000 shares/2} x 3). To get the current price of the share, you just need to divide $5,000,000 by the new number of shares which is 150,000 shares. You would then get $33.33 per share.

4 0

2 years ago

Vivian conducted market research on her company’s products. She found that after the company raised the price of its product by

amid [387]

One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.

Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.

8 0

2 years ago

Whitman Company has just completed its first year of operations. The company’s absorption costing income statement for the year

SSSSS [86.1K]

Answer:

1. Preparing Contribution Income statement

Sales = 40,000 units X $42.60 = $1,704,000

Less: Variable Costs

Direct Material = $11 X 40,000 = $440,000

Direct Labor = $3 X 40,000 = $120,000

Variable Manufacturing Overhead = $3 X 40,000 = $120,000

Variable Selling Expenses = $4 X 40,000 = $160,000

Total Variable Costs = ($840,000)

Contribution Margin = $864,000

Less: Fixed Costs

Selling & Administrative = $300,000

Manufacturing Overheads = $196,000

Total Fixed Cost = ($496,000)

Net Operating Income = $368,000

2. Now we have net income as per Contribution statement = $368,000 and net income as per Absorption Costing = $404,000

This difference is because of Fixed Manufacturing Overheads

Under Absorption costing Fixed Manufacturing Overheads charged = $196,000 ÷ 49,000 units = $4 per unit X 40,000 units = $160,000 whereas in contribution statement it is charged fully.

Under absorption costing even fixed costs are charged based on the number of units produced, whereas in income statement is it charged completely irrespective of the units produced as that value is fixed and cannot be avoided on per unit basis.

Difference = $404,000 - $368,000 = $36,000

Manufacturing cost for 9,000 units (49,000 - 40,000) = at the rate of $4 = $36,000

In case cost of fixed manufacturing overhead is reduced by $36,000 then profit will be increased to $368,000 + $36,000 = $404,000 same as of absorption costing.

7 0

2 years ago

A well-known industrial firm has issued $1,000 bonds that carry a 4% coupon interest rate paid semiannually. The bonds mature 20

Flauer [41]

Answer:

5.59%

Explanation:

$1,000 bonds carrying a 4% coupon rate, semiannual coupon $20, matures in 20 years

if you purchase the bonds at $715, the nominal annual rate of return = coupon payments / bond price = ($20 + $20) / $715 = $40 / $715 = 5.59%

The nominal annual rate of return is calculated by dividing the revenue generated by an investment by the cost of the investment.

8 0

2 years ago

On January 1, 2019, Shields, Inc., issued $800,000 of 9%, 20-year bonds for $879,172, yielding a market (yield) rate of 8%. Semi

Ghella [55]

Answer:

cash 879,172 debit

bonds payble 800,000 credit

premium on BP 79,127 credit

--to record issuance--

Interest expense 35,166.84 debit

premium on BP 833.16 debit

cash 36,000 credit

--to record first interest payment--

Interest expense 35133.52 debit

premium on BP 866.48 debit

cash 36,000 credit

--to record second interest payment--

Financial Statement effect:

Cash flow:

financing:

proceed from bonds 879,172

interest paid 72,000

Net income

interest expense 35,133.52 + 35,166.84 = 70.250,36

Balance sheet

Bonds payable 800,000

Premium on Bonds 77,471

Explanation:

The price will be the discounted future coupon and maturity payment at market rate

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

C 36,000.000 (800,000 x 9% x 1/2)

time 40 ( 20 years x 2)

rate 0.04 (8% x 1/2)

$36000 \times \frac{1-(1+0.04)^{-40} }{0.04} = PV\\$

PV $712,539.8598

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

Maturity 800,000.00

time 40.00

rate 0.04

$\frac{800000}{(1 + 0.04)^{40} } = PV$

PV 166,631.24

PV c $712,539.8598

PV m $166,631.2357

Total $879,171.0955

The interest expense will be the carrying value times market rate

the cash outlay will be the same for each period:

principal x coupon rate x half-year as payment are semiannual.

800,000 x 0.09 x 1/2 = 36,000

The difference between each one will determinate the amortization onthe premium

6 0

2 years ago