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2 years ago

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Maslowich2 years ago

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Answer:

a it could be sea but I'm pretty sure it's a but I don't take business so you might not want to trust me

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Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,200 new s

docker41 [41]

Answer:

a. 0.7273 or 72.73%

b. 0.8875 or 88.75%

Explanation:

a. Utilization rate is the ratio of the amount of installed capacity planned to be used relative to the total installed capacity. This can be stated as follows:

Utilization rate = ICP ÷ TC ......................................... (1)

ICP = Amount of installed capacity planned to be used

TC = Total installed capacity

From the question, ICP = 1,600 while TC = 2,200. Substituting this into equation (1), we have:

Utilization rate = 1,600 ÷ 2,200 = 0.7273 or 72.73%

Therefore, utilization rate is 0.7273 or 72.73%.

b. Efficiency rate is the ratio of the actual installed capacity used relative to the amount of installed capacity planned to be used. This can be stated as follows:

Efficiency rate = AIC ÷ ICP ......................................... (1)

AIC = Actual installed capacity used

ICP = Amount of installed capacity planned to be used

From the question, ICP = 1,420 while TC = 1,600. Substituting this into equation (1), we have:

Efficiency rate = 1,420 ÷ 1,600 = 0.8875 or 88.75%

Therefore, efficiency rate is 0.8875 or 88.75% .

3 0

2 years ago

The before-tax income for Lonnie Holdiman Co. for 2020 was $101,000 and $77,400 for 2021. However, the accountant noted that the

lozanna [386]

Answer:

Lonnie Holdiman Co.

A Schedule showing the determination of the corrected income before taxes for 2020 and 2021:

2020 2021

Before-tax income $101,000 $77,400

1. Excess Sales revenue (38,200) 38,200

2. December 31, 2020 Inventory understated 8,640 (8,640)

3. Amortized bonds discount not expensed (1,776) (1,901)

4. Equipment repairs not expensed (8,500) (9,400)

5. Overstated depreciation from capitalized

Equipment repairs 850 940

Corrected income before taxes $62,014 $96,599

Explanation:

a) Data and Calculations:

Before-tax income for 2020 = $101,000

Before-tax income for 2021 = $77,400

1. 2020 Sales Revenue $38,200; 2021 Sales Revenue $38,200

2. 2020 Understated inventory $8,640; 2021 Understated inventory $8,640

3. 2020 Unstated bonds interest expense $1,776

2021 Unstated bonds interest expense $1,901

4. 2020 Unstated equipment repairs $8,500 Overstated Equipment account $8,500

2021 Unstated equipment repairs $9,400 Overstated Equipment account $9,400

2020 Overstated Depreciation expense $850

2021 Overstated Depreciation expense $940.

Bonds Calculations:

Bonds outstanding value:

Bond's face value = $250,000

Discount = 15,000

Proceeds from bonds = $235,000

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,450 ($235,000 * 7%)

Amortized discount = $1,450

December 31, 2017:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,450 ($235,000 * 7%)

Amortized discount = $1,450 ($16,450 - $15,000)

Outstanding value = $236,450 ($235,000 + 1,450)

December 31, 2018:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,552 ($236,450 * 7%)

Amortized discount = $1,552 ($16,552 - $15,000)

Outstanding value = $238,002 ($236,450 + 1,552)

December 31, 2019:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,660 ($238,002 * 7%)

Amortized discount = $1,660 ($16,660 - $15,000)

Outstanding value = $239,662 ($238,002 + 1,660)

December 31, 2020:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,776 ($239,662 * 7%)

Amortized discount = $1,776 ($16,776 - $15,000)

Outstanding value = $241,438 ($239,662 + 1,776)

December 31, 2021:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,901 ($241,438 * 7%)

Amortized discount = $1,901 ($16,901 - $15,000)

Outstanding value = $243,339 ($241,438 + 1,901)

Depreciation on Capitalized Equipment Repairs:

Excess depreciation expense:

2020 = $850 ($8,500 * 10%)

2021 = $940 ($9,400 * 10%)

6 0

2 years ago

BTR Co. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000

Marina CMI [18]

Answer: the yield to maturity and yield to call on BTR Co.'s bonds are:

YTM = 0.07507 (7.507%)

YTC = 0.06977 (6.977%)

Explanation:

Using yield to maturity formula below;

YTM = C + (fv - pv)/n ÷ (fv+pv) /2

C = coupon rate ; 9% of par value

9% of $1000

= 9/100 × 1000 = $90

fv = face value/par value = $1,000

pv = price value/market price = $1,160.35

n = number of years to maturity = 18

YTM = 90 + (1000 - 1160.35)/18 ÷ (1000+1160.35)/2

YTM = 90 + (-160.35)/18 ÷ (2160.35)/2

YTM = 90 + (-8.90833333)

÷ 1080.175

YTM = 81.0916667 ÷ 1080.175

YTM = 0.07507

= 7.507% (converted to percentage)

To calculate the yield to call, let s make use of the yield to call (YTC) formula below;

YTC = C + (cp - mp)/n ÷ (cp + mp)/2

C= coupon rate = $90

cp = call price = $1,060

mp = market price/price value = $1,160.35

n = number of years to call = 8

YTC = 90 + (1060-1160.35)/8 ÷ (1060+1160.35)/2

YTC = 90 + (-100.35)/8 ÷ (2220.35)/2

YTC = 90 - 12.54375 ÷ 1110.175

YTC = 77.45625 ÷ 1110.175

YTC = 0.06977

= 6.977% in percentage

5 0

2 years ago

A manager who encourages risk taking and creativity would most likely be in a(n) _______ organizational culture.

Vinil7 [7]

Answer:

Adhocracy Culture

Explanation:

An adhocracy culture is based on energy and creativity. Employees are encouraged to take risks, and leaders are seen as innovators or entrepreneurs. The organization is held together by experimentation, with an emphasis on individual ingenuity and freedom. The core values are based on change and agility.

5 0

2 years ago

John is a journalist. He went to a product demonstration for a new computer. Some of what he heard was informative, while the re

yan [13]

The two sentences meant to persuade are the following: "This is something no other computer can do at present. This is the best buy on the market." These two sentences definitely compel the customers to buy or at least want to buy the item. The other sentences merely provide information to the customers but aren't decisive or directly decisive in the buyer's decision making.

8 0

2 years ago

Read 2 more answers