Answer:
Just-in-Time/Lean Principles
The plan that best represents uniform plant loading for this plant is:
c. Produce 1500 units of X on day 1, 1500 units of X on day 2, and then 300 units of Y and 1200 units of Z on day 3.
Explanation:
a) Data and Calculations:
Total production requirements Product X Product Y Product Z
for the next three days at the factory 3,000 300 1,200
Uniform plant loading plan:
Day 1 1,500 0 0
Day 2 1,500 0 0
Day 3 0 300 1,200
Total production on the three days 3,000 300 1,200
b) The uniform plant loading plan within the just-in-time or lean production environment ensures that wastes and disruptions are minimized. It reduces inventory of raw materials, work-in-process, and finished goods, and loss due to production stoppages and setups. Operating on this just-in-time principle, production of product X will continue from Day 1 through Day 2, while production of products Y and Z will take place on Day 3, with the same quantity of products produced each day.
The prepaid insurance account had a beginning balance of $8,540 and was debited for $530 for premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $6,010.
Answer: See explanation
Explanation:
The adjusting entry required at the end of the year will be illustrated below:
Dr Insurance expense $3060
Cr Prepaid insurance $3060
Working:
Opening prepaid insurance = $8540
Add: Insurance premium = $530
Less: Unexpired insurance premium = $6010
Insurance expense = $3060
urrent Attempt in Progress Wildhorse Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Wildhorse had repaid existing debt of $317,900 and raised additional debt capital of $645,200. It also repurchased stock in the open market for a total of $44,750. What is the net cash provided by financing activities
Answer:
$282,550
Explanation:
Calculation to determine the net cash provided by financing activities
Using this formula
Net cash provided by financing activities= Additional debt capital -Repaid existing debt- Repurchased stock
Let plug in the formula
Net cash provided by financing activities=$645,200-$317,900-$44,750
Net cash provided by financing activities=$282,550
Therefore the net cash provided by financing activities is $282,550
What are the types of model risk
People use money as a store of value when they: A. hold money to transfer purchasing power into the future. B. use money as a measure of economic transactions. C. use money to buy goods and services. D. hold money to gain power and esteem.
Answer:
A. hold money to transfer purchasing power into the future.
Explanation:
People use money as a store of value when they hold money to transfer purchasing power into the future.
did you mom ever yell at you
Answer:
yeah everyone mother yelled every child for their life
Mighty Safe Fire Alarm is currently buying 62,000 motherboards from MotherBoard, Inc. at a price of $66 per board. Mighty Safe is considering making its own motherboards. The costs to make the motherboards are as follows: direct materials, $32 per unit; direct labor, $12 per unit; and variable factory overhead, $15 per unit. Fixed costs for the plant would increase by $87,000. Which option should be selected and why
Answer:
d) Make, Increase in profits $434,000
Explanation:
Differential analysis
Make Buy
Direct material (62000I*32) $1,984,000
Direct labor (62000*12) $744,000
Variable overhead (62000*15) $930,000
Purchase cost (62000*66) $4,092,000
Total relevant cost $3,658,000 $4,092,000
So, the Company Should make because the cost is lower. Increase in profits $434,000 ($,092,000-$3,658,000)
Based on this income statement for Company XYZ for the year ending December 31, 2014, what adjustment would need to be made to Net Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method
Answer:
a) Adjustment of (16,000) in the operating section.
Explanation:
While preparing the operating activities section of the cash flow statement, the net income, depreciation expense, amortization expense, loss on sale of an asset should be added and the profit on sale should be deducted
So there is the loss of $30,000 that should be added and the gain on sale should be deducted i.e. $46,000
So there is an adjustment of -$16,000 in the operating activities section
Hope it helps you!
-miraculousfanx-
The steps of the accounting cycle are presented below. Identify the correct order of the steps.
a. Journalize and post the closing entries.
b. Start with beginning account balances.
c. Prepare the financial statements.
d. Compute the unadjusted balance in each account, and prepare the unadjusted trial balance.
e. Journalize and post adjusting entries.
f. Enter the unadjusted trial balance on the worksheet, and complete the worksheet (optional).
g. Prepare the adjusted trial balance.
h. Analyze and journalize transactions as they occur.
i. Post journal entries to the accounts.
j. Prepare the post-closing trial balance.
Answer:
The correct order is as follows:
a. Start with beginning account balances.
First start with the opening balances which are the closing balances from the last period.
b. Analyze and journalize transactions as they occur.
Enter transactions into their journals as they occur.
c. Post journal entries to the accounts.
Post the entries from the journals to the relevant accounts in the company books.
d. Compute the unadjusted balance in each account and prepare the unadjusted trial balance.
Prepare the unadjusted trial balance based on those entries.
e. Enter the unadjusted trial balance on the worksheet and complete the worksheet (optional).
f. Journalize and post adjusting entries.
There might be errors so you would need to adjust the entries and then journalize them.
g. Prepare the adjusted trial balance.
Using these adjusted entries, prepare an adjusted trial balance.
h. Prepare the financial statements.
The adjusted balances will be used to construct financial statements such as the Balance sheet.
i. Journalize and post the closing entries.
Post the closing entries to the books.
j. Prepare the post-closing trial balance.
Then prepare the final trial balance which is also called the post-closing trial balance.
The Converting Department of Osaka Napkin Company uses the average cost method and had 2,100 units in work in process that were 70% complete at the beginning of the period. During the period, 26,500 units were completed and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the period.
a. Determine the number of whole units to be accounted for and to be assigned costs for the period.
b. Determine the number of equivalent units of production for the period.
Answer:
a. Number of whole units to be accounted for and to be assigned costs for the period:
= 26,500 units + 1,200 units
= 27,700 units
b. Number of equivalent units of production for the period:
= 26,500 units + (1200 units*30%)
= 26,500 units + 360 units
= 26,860 units
A successful lease agreement is created so that both the lessee and lessor reap some benefits. Tax and depreciation write-offs are some critical reasons for leasing, but there are several other qualitative reasons for leasing. Below are two situations in which a firm must decide whether to lease or to buy a particular asset. Based on your understanding of the advantages to leasing from a qualitative perspective, what is the firm likely to do in each situation—lease or buy? Assume all other quantitative factors remain constant.
Compnay #1:
Win Jet Corp. is a private-jet charter company. Due to increased demand during the summer, it needs to add three more jets to its fleet. Win Jet is more likely to ___________
Compnay #2:
Kiran owns a medium-sized printing business. She owns three one-color (black) printers and needs a color printer for volume print production. She wants to keep the operating expenses related to the color printer low, so she should ____________ a color printer.
Answer:
Company 1 : Lease new jets.
Company 2 : Buy a color printer.
Explanation:
Lease and buy are both options available to a business for acquiring an equipment. Lease option is best suited to company 1 where the demand for private jet charter has increased in summer. The demand will not remain constant in other seasons so leasing the jets for summer season is best and less costly than buying them.
For company 2, it is better to purchase color printer rather than leasing it as the demand for volume print stays throughout the year and she wants to keep her cost at minimum. Leasing the printer will be an additional monthly expense while buying the printer is one time expense.
A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and Inventory increased $17,000 and $42,000, respectively. Prepaid Expenses and Accounts Payable decreased $5,000 and $6,000, respectively. There was also a loss on the sale of equipment of $2,000. Cash provided by operating activities was $Placeholder for missing word.How much cash was provided by operating activities?
a. $179000
b. $241000
c. $271000
d. $175000
Answer:
a. $179000
Explanation:
The computation of the cash provided by operating activities is shown below:
Net Income $2,10,000
Add : Depreciation expense $27,000
Add : Loss on sale of equipment $2,000
Add : Decrese in prepaid expenses $5,000
Less : Decrease in accounts payable $6,000
Less : Increse in accounts receivable $17,000
Less :Increase in inventory $42,000
Cash provided by operating activities $179,000
Journalize the entries to record the following transactions for Zentric Corporation. Refer to the Chart of Accounts for exact wording of account titles. Jan. 22 Issued for cash 180,000 shares of no-par common stock at $4. Feb. 14 Issued at par value 44,000 shares of preferred 2% stock, $55 par for cash. Aug. 30 Issued for cash 9,000 shares of preferred 2% stock, $55 par at $60.
Answer:
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
30
Dr Cash $540,000
Cr Preferred stock $495,000
Cr Paid in capital in excess of par-Preferred stock $45,000
Explanation:
Preparation of the journal entries
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
(180,000 shares * $4)
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
(44,000 shares * $55)
30
Dr Cash $540,000
(9,000 shares * $60)
Cr Preferred stock $495,000
(9,000 shares * $55)
Cr Paid in capital in excess of par-Preferred stock $45,000
[9,000 shares *($60- $55) ]
East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,375 units and sells for $100 per unit. The cost of ordering is $40 per order and the average carrying cost per unit per year is $0.75. Determine the economic order quantity.
Answer:
1000
Explanation:
Given:
Annual DEMAND, D = 9375
Holding cost, H = 0.75
Cost per order, S = 40
The Economic order quantity :
EOQ = √[(2 * D * S) / H]
EOQ = √[(2 * 9375 * 40) / 0.75]
EOQ = √[(750000) / 0.75]
EOQ = √1000000
EOQ = 1000
Airline F leases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that the two airlines report under US GAAP and are otherwise identical except for the mentioned lease classifications, which of the following comments is true?
a. Airline O has lower rent expense reported on its income statement
b. Airline F has a lower EBITDA margin
c. None of the listed answers
d. Airline O has more lease liabilities
e. Airline O has less lease assets at the inception of the lease
Answer: e. Airline O has less lease assets at the inception of the lease
Explanation:
With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.
With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.
Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.
33. ĐỘ CO GIÃN CỦA CẦU Khi một mặt hàng được
định giá p đô-la mỗi đơn vị, cầu của người tiêu
dùng là q đơn vị, trong đó và q liên hệ với nhau
bởi phương trình q+ 3pq = 22.
a. Tính độ co giãn của cầu theo giá đối với mặt
hàng này.
b. Với đơn giá là $3, cầu là co giãn, không co giãn
hay co giãn đơn vị?
Answer:
yyyyyyyyyyyuuuuuuuuu
You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $800 per month in a stock account in real dollars and $400 per month in a bond account in real dollars. The effective annual return of the stock account is expected to be 11 percent, and the bond account will earn 7 percent. When you retire, you will combine your money into an account with an effective return of 9 percent. The returns are stated in nominal terms. The inflation rate over this period is expected to be 4 percent.
How much can you withdraw each month from your account in real terms assuming a 25-year withdrawal period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
What is the nominal dollar amount of your last withdrawal? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Amount that can be withdrawn each month:
$6,342.06
Nominal dollar amount of last withdrawal:
$54,835.61
Explanation:
These look to be the correct answers, let me know if you would like for me to show my work!
What would be the average tax rate for a person who paid taxes of $8,016.30 on a taxable income of $63,220? (Enter your answer as a percent rounded to 2 decimal places.)
Answer: trtrtr
Explanation:rtrrtrr
You won a lottery that will make equal payments of $3,500 at the end of each year for the next six years. If the annual interest rate stays constant at 8%, what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.
Answer:
$16,180.08
Explanation:
Present value can be calculated using a financial calculator
Cash flow from year 1 to 6 = 3500
i = 8%
pv = $16,180.08
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Johanna's Jams and Jellies is looking to be set up on QuickBooks Online. Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor. Which version(s) of Quickbooks Online would allow her to accomplish this?
a. QuickBooks Online Plus and Advanced
b. QuickBooks Online Essentials, Plus and Advanced
c. QuickBooks Online Advanced
d. QuickBooks Online Simple Start, Essentials, Plus and Advanced
Answer: C. QuickBooks Online Advanced
Explanation:
With the QuickBooks Online Advanced, Johanna can be bake to do batch transactions faster even when there's an increase in workload. In the QBO Advanced, there are batch transaction entry for sales, checks, receipts, invoices, etc.
Since Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor, the version of Quickbooks Online that would allow her to accomplish this is the QuickBooks Online Advanced.
PLEASE HELP !!!
start with define what is limits of authority, then give examples
Answer:
"Authority limits" are an essential part of the creation of a qualified organization. There are a number of advantages and requirements in setting such limits.
A philosophy scholar who publishes books is an example of authority.
Explanation:
The source of strength is limited authority. The ability to say, "I cannot agree to your offer because the manager does not let me do so or since company policy does not allow you to do so" is an effective way of saying 'no' and of finding out how hard it is for the rest to work to reach a better understanding. One way to simultaneously limit your power and gain power is through corporate limitations.
Authority organizational restrictions are common. Each of us met such limits without much resistance and accepted them. When you next wish to think about or try to make further concessions, tell the other party you should discuss the issue with one or more of your organization's following people:
Your boss. Your partner."Committee" members.One or more of your assistants.One or several of your colleagues.The accountant or the controller.Your lawyer. The banker who loans money for you.Your wife or friend. Managers in other departments such as production, quality, or sales.Your client.Your supplier.Most negotiators feel uncomfortable with their authority's corporate constraints. I would advise you not to reject these restrictions, but to welcome them. It will facilitate pushing for your desired agreement.
Indicate the effect of each of the following transactions on total assets, total liabilities, and total stockholdersâ equity. Select + for increase, - for decrease, or No Effect.
Transaction Total Assest Total Liabilities Total stockholders' Equity
Issue common stock
Issue preferred stock
Purchase treasury stock
Sale of treasury stock
Declare cash dividend
Pay cash dividend
100% stock dividend
2-for-1 stock split
Answer:
Transaction Assets Liabilities Stockholders' Equity
Issue common stock Increase NE Increase
Issue preferred stock Increase NE Increase Purchase treasury stock Decrease NE Decrease
Sale of treasury stock Increase NE Increase Declare cash dividend NE Increase NE
Pay cash dividend Decrease Decrease NE
100% stock dividend NE NE NE
2-for-1 stock split NE NE NE
When shares are sold or issued, they increase the stockholders equity as people buy these shares. They also increase assets because cash comes into the company when the shares are sold. This is why the Issuing of preference and common stock as well as the sale of Treasury shares had the same effects.
When cash dividends are declared, they become a liability that is owed to equity holders.
When these dividends are then paid, they remove the liability but reduce assets as cash is used to pay the dividends.
100% stock dividend reduces retained earnings but increases equity so stockholders equity does not change.
The project manager often combines information from all of the lessons-learned reports into a project summary report.
a. True
b. False
Answer: True
Explanation:
The lesson learned reports is referred to as the reflective statement where the important information which were learned while working on the project is documented.
The information from all of the lessons-learned reports is combined by the project manager into a project summary report. Some of the items which are discussed in the lessons-learned reports are whether the project was successful or not etc.
businesses do not maximise outputs from the given inputs
Answer:
Businesses that do not maximise outputs from the given inputs are inefficient, and probably have diseconomies of scale, the opposite of economies of scale, that ocurrs when output increases proportionally less than the inputs that are invested.
This situation arises as a result of an economic law, the law of diminishing retuns. According to this economic law, there is a point in the production process in which the use of additional units of input do not result in a proportional yield, in other words, when a business presents diminishing returns, the more inputs it adds, the less output grows in proportion to the inputs.
Short Company purchased land by paying $27,000 cash on the purchase date and agreed to pay $27,000 for each of the next seven years beginning one-year from the purchase date. Short's incremental borrowing rate is 7%. On the balance sheet as of the purchase date, after the initial $27,000 payment was made, the liability reported is closest to:_________.
a. $117,700.
b. $189,000.
c. $145,511.
d. $172,511.
Answer:
c. $145,511
Explanation:
Present value of Payment = Amount*PVADF at (7%, 1)
Present value of Payment = $27.000*6.38929
Present value of payment = $172.511
Liabilities reported after initial payment = $172,511 - $27,000
Liabilities reported after initial payment = $145,511
If x follows a normal distribution with a mean of 10 and
standard deviation of 3; find out the following
A) Find the value of x = xº such that P(x 5 xº) = 5%
B) Find the value of x = xº such that P(x 2 x°) = 1%
Answer:
The answer is below
Explanation:
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
[tex]z=\frac{x-\mu}{\sigma} \\\\where\ x=raw\ score, \mu=mean,\ \sigma=standard\ deviation[/tex]
a) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 1%
P(z < z⁰) = 99%
z⁰ = 2.33
z° = (x° - μ)/σ
2.33 = (x° - 10)/3
x⁰ = 16.99
b) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 10%
P(z < z⁰) = 90%
z⁰ = 1.28
z° = (x° - μ)/σ
1.28 = (x° - 10)/3
x⁰ = 13.84
c) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 5%
P(z < z⁰) = 95%
z⁰ = 1.65
z° = (x° - μ)/σ
1.65 = (x° - 10)/3
x⁰ = 14.95
Hubert is a stay-at-home parent who lives in New York City and teaches tennis lessons for extra cash. At a wage of $35 per hour, he is willing to teach 4 hours per week. At $45 per hour, he is willing to teach 8 hours per week. Using the midpoint method, the elasticity of Jake’s labor supply between the wages of $50 and $65 per hour is approximately ___ , which means that Jake’s supply of labor over this wage range is ___ .
Answer and Explanation:
The computation of the midpoint elasticity is as follows;
Midpoint elasticity
= (Change in labor supplied ÷ Average labor supplied) ÷ (Change in wage rate ÷ Average wage rate)
= [(8 - 4) ÷ (8 + 4) ÷ 2] ÷ [$($45 - $35) ÷ $($45 + $35) ÷ 2]
= [4 ÷ (12 ÷ 2)] / [$10 ÷ ($80 ÷ 2)]
= (4 ÷ 6) ÷ ($10 / $40)
= 0.67 ÷ 0.25
= 2.68
As the elasticity is more than 1 so the supply of labor should be elastic
Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 11 percent, has a YTM of 9 percent, and has 11 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 9 percent, has a YTM of 11 percent, and also has 11 years to maturity. The bonds have a $1,000 par value. What is the price of each bond today
Answer:
Results are below.
Explanation:
To calculate the price of each bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond X:
Coupon= (0.11/2)*1,000= $55
YTM= 0.09/2= 0.045
Years to maturiy= 11 years
Bond Price= 55*{[1 - (1.045^-11)] / 0.045} + [1,000/(1.045^11)]
Bond Price= 469.1 + 616.2
Bond Price= $1,085.3
Bond Y:
Coupon= (0.09/2)*1,000= $45
YTM= 0.11/2= 0.055
Years to maturiy= 11 years
Bond Price= 45*{[1 - (1.055^-11)] / 0.055} + [1,000/(1.045^11)]5
Bond Price= 364.16 + 554.91
Bond price= $919.07
If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: Assets increase $4,500 and liabilities decrease $4,500. Liabilities decrease $4,500 and assets increase $4,500. Equity decreases $4,500 and liabilities increase $4,500. Assets increase $4,500 and liabilities increase $4,500.
Answer: Assets increase $4,500 and liabilities increase $4,500.
Explanation:
Based on the information given in the question, since the company buys an equipment which is an asset to the company, then there will be an increase in the assets by $4500.
Also, in thus case, the equipment was gotten on credit which is a liability. Therefore, the liabilities will increase by $4500 as well.
California wildfires destroy vineyards across the Napa Valley. This is during the season when wine festivals occur most often all over the country. Demonstrate the effect of these events on the equilibrium price and quantity of wine.
Answer:
As a result of the wildfire, supply would fall. there would be a leftward shift of the supply curve. the quantity supplied of wine would reduce and price would increase
as a result of the festival, there would be an increase in demand. this would lead to an outward shift of the demand curve. Thus, the quantity demanded would increase and price would increase
taking these two effects together, there would be an indeterminate change in equilibrium quantity and equilibrium price would increase
Explanation:
Fill in the missing numbers in the following income statement:
Sales $645,000
Costs 346,500
Depreciation 97,200
EBIT $
Taxes (35%)
Net income $
Required:
a. What is the OCF?
b. What is the depreciation tax shield?
Answer:
See below
Explanation:
EBIT = Sales - Cost - Depreciation
= $645,000 - $346,500 - $97,200
= $201,300
Taxes = EBIT × 35%
= $201,300 × 35%
= $70,455
Net income = EBIT - Taxes
= $201,300 - $70,455
= $130,845
1. OCF
= Net income + Depreciation
= $130,845 + $97,200
= $228,045
2. Depreciation tax shield
= Depreciation × Tax rate
=$97,200 × 35%
= $34,020
