BUSINESS COLLEGE

Sarah and Jane formed a partnership with capital contributions of $210,000 and $123,000, respectively. Peter contributed $86,000 to acquire an ownership interest of 12% in the new partnership. How much is the total bonus for the existing partners?

Answers

Answer 1
Answer:

Answer:

$35,720

Explanation:

The computation of the total bonus for the existing partners is shown below;

Total capital is

= $210,000 + $123,000 +$86,000

= $419,000

Now

Share of new partner

= $419,000 × 12%

= $50,280

But the actual amount that needs to pay is $86,000

So, the bonus would be

= $86,000 - $50,280

= $35,720

Hence, the  total bonus for the existing partners is $35,720

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Tower Company planned to produce 3,000 units of its single product, Titactium, during November. The standards for one unit of Titactium specify six pounds of materials at $0.30 per pound. Actual production in November was 3,100 units of Titactium. There was an unfavorable materials price variance of $380 and a favorable materials quantity variance of $120. Based on these variances, one could conclude that:
Most states restrict the number of hospitals in a given geographic area under "Certificate of Need" (CON) laws. These laws require any new hospital facility to provide evidence that there is a demand for its facility that is not currently being met by the existing healthcare facilities in that geographic market. Identify the market inefficiency that these CON laws are trying to fix. How does restricting the number of hospitals correct this inefficiency? Explain briefly.
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Retirement planning should begin at what age?

Answers

Answer:

60

Explanation:

About how frequently does Hope receive a paycheck?

Answers

A paycheck is a salary the employee or worker gets. Hope receives a paycheck every 2 weeks.

What is a paycheck?

A paycheck means the salary or wages an employee or worker gets for doing the work under their employment by the employer.

The frequency of a paycheck usually depends on the period of work. i.e a month in most cases but here Hope receives a paycheck every 2 weeks.

Therefore, the above statement aptly describes the paycheck.

Learn more about Paycheck here:

brainly.com/question/24938000

Answer:

every 2 weeks

Explanation:

Assume that you are the portfolio manager of the SF Fund, a $3 million hedge fund that contains the following stocks. The required rate of return on the market is 11.00% and the risk-free rate is 2.00%. What rate of return should investors expect (and require) on this fund?Stock Amount Beta
A 1075000 1.2
B 675000 0.5
C 750000 1.4
D 500000 0.75

Answers

Answer:

a

Explanation:

AVERAGE BETA = (INVESTMENT * BETA) / TOTAL INVESMENT  

3052500 / 3000000  

1.0175    

Required Return = Risk free Return + (Market Return - Risk free return)* Beta

Required Return = 5% + (10% - 5%)*1.0175  

Required Return = 10.08%  

Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.

Answers

Answer:

The options are

A) as small as possible; all

B) equal; all

C) equal; normal

D) maximized; all

The answer is B) equal; all

Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.

This is to ensure that he cuts cost and maximizes his spending power.

Calculate the WACC for the following data: A company raised $100,000,000. $50,000,000 came from the sale of bonds which have a current yield of 8%. $25,000,000 came from the sale of common stock which has a cost equal to 9%. The final $25,000,000 came from the sale of preferred stock which has a cost equal to 10%. The company's tax rate is 30%.Question 32 options:

A)
7.55%

B)
9.17%

C)
9.00%

D)
8.00%

Answers

Answer:

WACC = 7.55 %

so correct option is A) 7.55%

Explanation:

given data

company raised = $100,000,000

sale of bonds = $50,000,000

current yield = 8%

sale of common stock = $25,000,000

cost equal = 9%

sale of preferred stock =$25,000,000

cost equal = 10%

tax rate = 30%

to find out

WACC

solution

we get here WACC that is express as

WACC = ( Weight of debt × After tax cost of debt) + (Weight of equity × Cost of equity) + (Weight of preferred stock × cost of preferred stock)   ..................1

and cost of debt after tax will be

cost of debt after tax = 8% of ( 1 - 30%)

cost of debt after tax = 5.6%

and Weight of debt = (50000000)/(100000000) = 0.50

and Weight of equity =  (25000000)/(100000000) = 0.25

and Weight of preferred stock = (25000000)/(100000000) = 0.25

so WACC = ( 0.50 × 0.056 ) +  ( 0.25 × 0.09 ) +  ( 0.25 × 0.10 )

WACC = 0.0755

WACC = 7.55 %

so correct option is A) 7.55%

On January 1, 2021, Tropical Paradise borrows $46,000 by agreeing to a 6%, five-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $889.31 are due at the end of each month with the first installment due on January 31, 2021. Required:
Record the issuance of the installment note payable and the first two monthly payments.

Answers

Issuance: Installment Note Payable $46,000; First two payments: Interest Expense $230.00, Installment Note Payable $659.31 each month.

On January 1, 2021, Tropical Paradise records the issuance of a 6%, five-year installment note payable with a principal amount of $46,000. This note is obtained from the bank to finance the purchase of a BMW convertible for promotional purposes related to resort properties. The terms of the loan stipulate monthly payments of $889.31, with the first installment due on January 31, 2021.

For the first two monthly payments:

1. The Interest Expense is calculated based on the outstanding balance of the loan and the interest rate. In the first month, the interest is $46,000 * 6% / 12 = $230.00.

2. The remaining amount of the monthly payment is applied to reduce the principal, recorded as a repayment of the Installment Note Payable. The principal repayment is $889.31 - $230.00 = $659.31.

This process repeats in the second month, with the interest recalculated based on the remaining balance, and the remaining amount again applied to reduce the principal. These entries reflect the gradual repayment of both interest and principal over the life of the loan.

For more questions on Issuance

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Answer:

Journal entry

Explanation:

The Journal entry is shown below:-

1. Cash Dr,                                            $46,000

   To Notes payable                                         $46,000

(Being issuance of notes is recorded)

2. Interest expense Dr,                     $230    

Notes payable Dr,                              $659.31

    To Cash                                                   $889.31

(Being payment of first installment is recorded)

3. Interest expense Dr,                   $226.70

Notes payable Dr,                           $662.61

    To Cash                                                  $889.31

Working note :-

First installment interest expenses

= $46,000 × 6% × 1 month ÷ 12 month

= $230

Second installment interest expenses

= ($46,000 - $659.31) × 6% × 1 month ÷ 12 month

= $45,340.68 × 6% × 1 ÷ 12

= $226.70
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