A contingent deferred sales charge is commonly called a ____.

Answers

Answer 1

Answer: front end load, hope this helped :)

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Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be
A construction company entered into a fixed-price contract to build an office building for $20 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million. The company recognizes revenue over time according to percentage of completion. How much revenue and gross profit or loss will appear in the company’s income statement in the first year of the contract? (Enter your answer in whole dollars.)
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An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary 0 $ 5,700,000 1 4,300,000 2 4,800,000 3 5,300,000 4 6,700,000 5 7,400,000 6 8,200,000 All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a $9.2 million signing bonus payable today and a contract value increase of $1,200,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the discount rate is 4.7 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

Answers

Answer:

PTM $ 1,225,900.379

Explanation:

We will calculate the present value of the contract.

Then we will increase by 1,200,000

Next, we subtract the 9.2 bonus payable today

and distribute the rest under quarter payments:

We use present value of a lump sum

$(Nominal)/((1 + rate)^(time) ) = PV$

0 5,700,000 5,700,000

1 4,300,000 4,102,588.223

2 4,800,000 4,369,383.7

3 5,300,000 4,603,035.135

4 6,700,000 5,551,785.732

5 7,400,000 5,850,312.795

6 8,200,000 6,185,156.501

Then we add them: 36,362,262.09

We increase by 1,200,000

and subtract the 9,200,000 initial payment

28,362,262.09

this is the present value fothe quarterly payment

Next we calculate the equivalent compound rate per quarter:

$(1+(0.047)/(365) )^(365) = (1+(r_e)/(4) )^(4) \nr_e = (\sqrt[4]{1+(0.047)/(365) )^(365)} - 1)* 4$

equivalent rate: 0.002954634

Now we claculate the PTM of an annuity of 24 quearter at this rate:

$PV / (1-(1+r)^(-time) )/(rate) = PTM\n$

PV $28,362,262.09

time 24

rate 0.002954634

$28362262.0861625 * (1-(1+0.00295463425906195)^(-24) )/(0.00295463425906195) = PTM\n$

PTM $ 1,225,900.379

he Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales $ 4 comma 600 comma 000 Operating income $ 690 comma 000 Total assets $ 2 comma 000 comma 000 Current liabilities $ 210 comma 000 Management's target rate of return is 14% and the weighted average cost of capital is 10%. What is the Top Hat Division's Residual Income (RI)?

Answers

Answer:

$410,000

Explanation:

Residual income = operating income - (rate of return*average operating assets)

= $690,000-(14%*$2,000,000)

=$690,000-$280,000

=$410,000

Therefore the Top Hat Division's Residual Income (RI) would be $410,000

Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed

Answers

Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a way that the broker will always gain, whether an investor is buying or selling his/her stake.

Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following are arguments in favor of active stabilization policy by the government?a. Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
b. The current tax system acts as an automatic stabilizer.
c. Businesses make investment plans many month in advance.
d. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.

Answers

I’m pretty sure it’s d

the answer is D. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.

On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively. Required:a. Calculate depreciation expense for 2021 and 2022 using straight line method.
b. Calculate depreciation expense for 2021 and 2022 using double-declining balance method.
c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.

Answers

Answer:

a. $9,000

b. $22,000 and $11,000

c. $5,220 and $6,660

Explanation:

The computation of the depreciation expense for the two years are shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($44,000 - $8,000) ÷ (4 years)

= ($36,000) ÷ (4 years)

= $9,000

In this method, the depreciation is same for all the remaining useful life

So, in year 2021 and 2022, the depreciation expense would be $9,000

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 2021, the original cost is $44,000, so the depreciation is $22,000 after applying the 50% depreciation rate

And, in year 2022, the $22,000 × 50% = $11,000. The $22,000 is come from $44,000 - $22,000

(c) Units-of-production method:

= (Original cost - residual value) ÷ (estimated production)

= ($44,000 - $8,000) ÷ (20,000 hours)

= ($36,000) ÷ (20,000 hours

= $1.8 per hours

For the 2021, it would be

= Production hours in 2021 year × depreciation per hour

= 2,900 hours × $1.8

= $5,220

Now for the 2022 year, it would be

= Production hours in 2022 year × depreciation per hour

= 3,700 hours × $1.8

= $6,660

A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the second year of the contract and by another 2 percent in the third year. The CPI is 1.00 in the first year, 1.09 in the second year, and 1.15 in the third year. What dollar wage must be paid in the third year

Answers

The dollar wage to be paid in the third year based on the labor contract is $17.95 per hour.

Data and Calculations:

First-year wage per hour = $15

Increase in real wage in the second year = 2%

Increase in real wage in the third year = 2%

First year's CPI = 1.00

Second year's CPI = 1.09

Third year's CPI = 1.15

What is CPI?

The Consumer Price Index (CPI) measures the weighted average prices of a basket of consumer goods and services in the United States, considering its general economic inflation. The labor contract raises the real wage by 2% in the second and third years. The CPI of year three is applied in computing the real wage to account for the effect of inflation.

Thus, the dollar wage that must be paid in the third year based on the labor contract is $17.95 per hour ($15 x 1.02 x 1.02 x 1.15).

Learn more about the CPI, inflation, and the real wage at brainly.com/question/24802187

Answer:

$17.9469

Explanation:

Calculation for what dollar wage must be paid in the third year

Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.

The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.

In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.

Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).

Therefore what dollar wage must be paid in the third year will be $17.9469

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