Answer:
AZ-64409 Company
The unit product cost of Product W903 under activity-based costing is closest to:
= $999.
Explanation:
a) Data and Calculations:
Product W903 Product Z653
Annual production and sales 600 600
Direct labor-hours per unit 10.0 5.0
Total direct-labor hours 6,000 3,000 9,000
Direct labor rate $27.00 per DLH $27.00 per DLH
Direct labor costs per unit $270.00 $135.00
Direct materials cost per unit 227.00 283.00
Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product W903 Product Z653 Total
Labor-related DLHs $ 40,936 6,000 3,000 9,000
Production orders orders 58,660 700 600 1,300
Order size MHs 433,375 3,800 3,000 6,800
$ 532,971
Activity Rates Product W903 Product Z653
Labor-related costs $4.55 per DLH 27,300 $13,650
Production orders $45.12 per order 31,584 27,072
Order size $63.73 per MH 242,174 191,190
Total costs assigned $301,058 $231,912
Overhead cost per unit $501.76 $386.52
Product W903 Product Z653
Direct labor costs per unit $270.00 $135.00
Direct materials cost per unit 227.00 283.00
Overhead cost per unit 502.00 387.00
Total cost per unit $999.00 $805.00
The law of comparative advantage says that a person should produce a good if he or she: Group of answer choices can produce the good at the same cost as another producer can. receives the highest marginal benefit from the good. has an absolute advantage in producing the good. has the lowest opportunity cost of producing the good. has the greatest desire to consume the good.
Answer:
has the lowest opportunity cost of producing the good
Explanation:
Comparative advantage is the capability of the one party in order to manufactured the goods or services at less opportunity cost as compared to the other party. It could be used for overall nations and thier economies
So as per the given situation, the above statement represent an answer
hence, the same is to be considered
The price of baseballs, a complement to baseball bats, increases at the same time the price of aluminum, an input to baseball bats, decreases. How will the equilibrium of baseball bats be affected?
Answer:
The price of baseball bats (a complementary good) increased
If the price of a complementary good increases, this would result in a decrease in demand for baseballs.
Explanation:
The equilibrium of baseball bats be affected if the price of a complementary good increases, this would result in a decrease in demand for baseballs.
What do you mean by an equilibrium in demand?When market supply and demand are in balance, prices become steady. This is known as equilibrium.
In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
When supply and demand for a product are equal, the quantity is at equilibrium.
The supply and demand curves first follow opposing paths before coming together to provide equilibrium quantity and economic equilibrium.
Therefore, equilibrium of baseball bats be affected if the price of a complementary good increases, this would result in a decrease in demand for baseballs.
To know more about the equilibrium in demand, visit:
https://brainly.com/question/29655235
#SPJ2
You have just won the Georgia Lottery with a jackpot of $17,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 10% with monthly compounding of interest. What is the present value of the stream of payments you will receive
Answer:
Georgia Lottery
The present value of the stream of payments that you will receive is:
= $3,680,268
Explanation:
a) Data and Calculations:
Jackpot won = $17,000,000
Annual installments = 26 years
First payment is made immediately.
Interest rate per annum = 10%
N (# of periods) 26
I/Y (Interest per year) 10
PV (Present Value) 0
FV (Future Value) 17000000
Results
PMT = $141,548.78
Sum of all periodic payments = $3,680,268.22
Total Interest = $13,319,731.78
The present value of the stream of payments equals the PV of annual payments received multiplied by 26.
The purposeful use of symbols to allow multiple interpretations of messages is called:____.
a. strategic ambiguity.
b. crisis communication.
c. interaction management.
d. conflict management.
e. customer service management.
Answer:
a. strategic ambiguity.
Explanation:
The use of strategic ambiguity permits the views for diversify or interpretations also at the same time it promotes inclusiveness and unity
The mission and vision sttaement should be confused and normal in nature in order to provide the accomodation
So the use of symbols for permitting out the multiple interpretations of messages is known as the strategic ambiguity
Therefore the option a is correct
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
Service Quality Gaps
Psychological Gaps
Language Gaps
Physical Gaps
Operational Gaps
Transition Gaps
Answer:
Service Quality Gaps
Explanation:
Service Quality gaps is one of the value gaps that can undermine customer experiences and can damage relationships.
This is because, as a result of the quality of the service delivered or rendered, a customer's satisfaction can be gauged and depending on how satisfied the customer is, it could build or damage relationships.
Goods that are partially completed by a manufacturer are a.work in process inventory b.materials inventory c.merchandise inventory d.finished goods inventory
Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
Question 4 Vered just got off the phone with an old classmate who was very excited. That classmate had purchased a business with low operating cash flow, just $1,000 last year. However, they had just made a big investment and thus depreciation would be increasing by $50,000 next year. The investment had cost $300,000. They expect to use it for five years and then sell the item for $50,000. They said that would be very helpful since the large increase in depreciation would increase cash from operations. They are thinking of taking this information to a bank for a loan, but have asked Vered to check their numbers. By how much should Vered tell them this will increase cash from operations
Answer:
Vered should tell them this will increase cash from operations by $50,000.
Explanation:
The cash account is unaffected by depreciation. This is because the depreciation reduces income but has no effect on cash, it is included as a reconciling item on the indirect cash flow statement.
Depreciation will reduce net income by $50,000 in this scenario, but depreciation of $50,000 included as a positive reconciling item will compensate for the decreased net income. As a result, cash from operations will increase by $0.
Therefore, Vered should tell them this will increase cash from operations by $50,000.
The benefit the goverment receives from tax can be measured by
Answer:
the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Explanation:
The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
The revenue or benefits received from tax by the government of a Country can be measured by using the Tax-to-GDP ratio.
The Tax-to-GDP ratio provides an in-depth knowledge of the revenues generated from tax by the nation as it relates to the economy.
This ratio helps to pinpoint the benefits from taxation with relation to the size of the nations economy. for instance, if their is higher revenue from tax, it means that the Country can spend more money healthcare, education or infrastructure.
Hence, the Tax-to-GDP ratio, measures the benefit from tax in a nation, and a higher tax revenue of a nations gross domestic product (GDP) signifies economic growth.
You can get more insight about taxes here https://brainly.com/question/15090055?referrer=searchResults
What is finance? The study of a business's past financial decisions The study of how to allocate assets to maximize returns The process of communicating financial information about a business The social science that analyzes the production, distribution and consumption of goods and services
Answer: The study of how to allocate assets to maximize returns
Explanation:
Finance refers to the study of how to allocate assets to maximize returns. Finance refers to the study, management, and creation of money and investments.
Finance simply explains how economic agents such as the individual, company or government gets money and how such money is being used.
Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.
1. Borrow $55,000 from a bank
2. Buy $14,000 worth of manufacturing supplies on credit
3. Pay $7,000 owed to a supplier
4. Receive payment of $12,000 owed by a customer
5. Issue $75,000 in stock
6. Purchase equipment for $44,000 in cash
7. Receive payment of $13,000 owed by a customer
What is the net change in Total Assets?
Answer:
1. Borrow $55,000 from a bank
Assets increase by $55,000Liabilities increase by $55,000No effect on equity2. Buy $14,000 worth of manufacturing supplies on credit
Assets increase by $14,000Liabilities increase by $14,000No effect on equity
3. Pay $7,000 owed to a supplier
Assets decrease by $7,000Liabilities decrease by $7,000No effect on equity
4. Receive payment of $12,000 owed by a customer
No effect on assetNo effect on liabilityNo effect on equity
5. Issue $75,000 in stock
Assets increase by $75,000No effect on liability Equity increases by $75,0006. Purchase equipment for $44,000 in cash
No effect on assetNo effect on liabilityNo effect on equity7. Receive payment of $13,000 owed by a customer
No effect on assetNo effect on liabilityNo effect on equityNet change in assets = 55,000 + 14,000 - 7,000 + 75,000
= $137,000
Assets increased by $137,000
Use these facts for the following independent situations. Steele Inc. purchased a machine for $500,000 on January 1, Year1. The machine has a $20,000 residual value and an estimated life of 20 years. The machine is expected to produce 1,000,000 widgets over its life. Steele prepares annual financial statements at 12/31 each year. What is the 'depreciable cost' of the machine
Answer:
the depreciable cost' of the machine is $480,000
Explanation:
The computation of the 'depreciable cost' of the machine is shown below:
Depreciable cost = Asset cost- Salvage value
= $500,000 - $20,000
= $480,000
Hence, the depreciable cost' of the machine is $480,000
We simply deduct the salvage value from the asset cost so that the depreciable cost could come
XYZ Inc.'s cost formula for its supplies cost is $968 per month plus $8 per frame. For the month of November, the company planned for activity of 450 frames, but the actual level of activity was 470 frames. The actual supplies cost for the month was $4,200. The spending variance for supplies cost in November would be closest to
Answer: $528 favorable
Explanation:
The Spending variance for supplies shoes the difference between what the company thought it would spend on supplies and what it actually spends.
Spending variance on supplies = Actual costs - Budgeted costs
Budgeted cost:
= 968 + 8 * 470 frames
= 968 + 3,760
= $4,728
Spending variance on supplies:
= 4,200 - 4,728
= $528 favorable
Variance is favorable when the Budgeted costs are higher than actual costs.
Job analysis is important to HR managers because the information gathered in job analysis is used in so many HR activities/functions. Describe how job analysis information is used in four different HR activities/functions. Illustrate by specific examples in hospitality and tourism.
Answer:
Job analysis in tourism and hospitality include planning, making and providing, lodging recreation and travel related services.
Explanation:
Job analysis is a part of the procedure to identify the contents of the job interms of the acts involved and it provides information to the organization necessary to perform these activities. Procedure involves collecting of information. Being both task and work oriented.g n a process cost system, 108,000 units of a product are assembled in Department F with total product cost (DM, DL, and FO) $90,000. The same 108,000 units are then painted in Department G. Department G painting product cost is $64,000. After painting in Department G, the 108,000 units are inspected in Department H, adding additional product cost $26,000. After inspection, the same 108,000 units are complete, and their cost is transferred to Finished Goods Inventory. a) Prepare the journal entry for the transfer of product cost from Department F to Dept. G.
Answer:
Journal Entry
Debit Department G Work in Process $90,000
Credit Department F Work in Process $90,000
To record the transfer of product cost from Department F to Department G.
Explanation:
a) Data and Calculations:
Number of units assembled in Department F = 108,000
Total product cost (DM, DL, and FO) = $90,000
Additional inspection cost in Department H = $26,000
Total product cost = $116,000 ($90,000 + $26,000)
Transfer of product cost from Department F to Department G:
Department G Work in Process $90,000
Department F Work in Process $90,000
Compute the present value of a $2,500 deposit in year 4 and another $10,000 deposit at the end of year 8 if interest rates are 15 percent.
a. $4,211.26
b. $4,572.19
c. $4,698.40
d. $4,901.57
Answer:
Total PV= $4,698.4
Explanation:
Giving the following information:
Deposit 1:
FV= $2,500
n= 4 years
Deposit 2:
FV= 10,000
n= 8
To calculate the present value, we need to use the following formula:
PV= FV / (1 + i)^n
Deposit 1:
PV= 2,500 / (1.15^4)
PV= 1,429.38
Deposit 2:
PV= 10,000 / (1.15^8)
PV= 3,269.02
Total PV= $4,698.4
Which of the following investment choices is least risky?
A. Flipping
B. CDs
C. Government Bonds
D. Renting
Answer:
CDs is the least risky, as it is issued by the bank and endorsed by the government
For February, sales revenue is $250,000; sales commissions are 6% of sales; the sales manager's salary is $50,000; advertising expenses are $15,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $1,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are:_______.
a. $65,000.
b. $69,750.
c. $82,250.
d. $84,750.
Answer:
d. $84,750.
Explanation:
Calculation to determine what Total selling expenses for the month of February are:
Sales commissions $15,000
($250,000 ×6%)
Sales manager's salary $50,000
Advertising expenses $15,000
Shipping expenses $2,500
($250,000 × 1%)
Miscellaneous selling expense $2,250
[$1,000 + ($250,000 × 0.5%)]
Total selling expenses $84,750
Therefore Total selling expenses for the month of February are:$84,750
Goods in transit are included in a purchaser's inventory:____.A. If the goods are shipped FOB destination. B. When the supplier is responsible for freight charges. C. When the purchaser is responsible for paying freight charges.D. At any time during transit.E. After the half-way point between the buyer and seller.
Answer:
B. When the supplier is responsible for freight charges.
Explanation:
Goods in Transit can be regarded as merchandise as well as other types of inventory which has already shipped out of shipping dock of the seller, but it has not gotten to the receiving dock of the buyer.This concept is utilized in order to know maybe the buyer or the seller of that particular goods has taken the possession of that particular goods and to know the party that Is paying for transport. The Freight charge, can be regarded as as freight rate, and this is amount that is been paid to a carrier company so that transportation of goods to agreed location will be possible.
It should be noted that Goods in transit are included in a purchaser's inventory When the supplier is responsible for freight charges.
If Company A has a lower debt ratio than Company B, then Company A is likely to have __________ than Company B.
a. a higher level of financial risk
b. a greater ability to borrow
c. more total assets
d. less financial flexibility
Answer:
b. a greater ability to borrow
External costs occur because Group of answer choices Private costs do not reflect the full costs to society All costs are absorbed by the firm Firms make a choice other than the most cost-efficient production method Government failure increases costs for the firm
Answer:
Private costs do not reflect the full costs to society
Explanation:
External costs are costs incurred by third parties not involved in production or consumption activities
external cost can either be negative or positive
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced.
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced.
1. As more people in India have access to higher education, explain
how potential GDP and aggregate supply will change in the long
run.
Answer:
As more people in India have access to higher education, the country's economic growth potential, both in its GDP per capita and in its aggregate demand, will increase.
This is so because the higher the levels of education, the greater the added value that each person introduces into their economic production, with which the country's GDP is in turn increased.
On the other hand, this same economic growth generates a greater availability of wealth for society, with which the greater the availability of money, the greater the demand for goods and services that will be produced in that country.
Sadik Inc.'s bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to
Answer:
5.31%
Explanation:
Missing word "What is their yield to call (YTC)?"
Nper = 5
Pmt = 105
Pv = -1300
FV = 1100
Using the MsExcel Rate function to derive the yield to call (YTC)
Yield to call = Rate(Nper, Pmt, -Pv, Fv)
Yield to call = Rate(5, 105, -1300, 1100)
Yield to call = 0.053098755
Yield to call = 5.31%
What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose "no" for those that are not.
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.
d. A weak Canadian dollar makes the cost of importing more expensive.
Answer:
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways. - Yes
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth. - Yes
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment. - Yes
d. A weak Canadian dollar makes the cost of importing more expensive. - No
Explanation:
The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.Suppose a bank has $400 million in deposits and $25 million in required reserves, and it is holding no excess reserves. What is the required reserve ratio?
Answer:
the required reserve ratio is 6.25%
Explanation:
The calculation of the required reserve ratio is given below:
Required reserve ratio is
= required reserves ÷ deposits
= $25 ÷ $400
= 0.0625
= 6.25%
Hence, the required reserve ratio is 6.25%
The same is to be relevant and considered too
Gross pay is: Multiple Choice Deductions withheld by an employer. Salaries after taxes are deducted. Total compensation earned by an employee before any deductions. Take-home pay. The amount of the paycheck.
Answer:
Total compensation earned by an employee before any deductions.
Explanation:
Gross pay is the total compensation earned by an employee before any deductions.
Net pay is the compensation after taxes and other deductions are removed
A machine with a cost of $100,000 has an estimated residual value of $8,000 and an estimated life of 7 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method
Answer:
$20,408.16
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/7
1st year= 2/7 x 100,000 = 28,571.43
book value = 100,000 - 28,571.43 = 71,428.57
2nd year = 2/7 x 71,428.57 = $20,408.16
At the profit-maximizing level of output, what is the relationship between the total revenue (TR) and total cost (TC) curves? A. They cannot be tangent to each other. B. They must have the same slope. C. They must intersect, with TC cutting TR from above. D. They must intersect, with TC cutting TR from below. E. They must be tangent to each other.
Answer: They must have the same slope.
Explanation:
It should be noted that at the profit-maximizing level of output, the marginal revenue will be equal to the marginal cost.
Since the slope of the total revenue is the marginal revenue while the slope of the total cost us marginal cost, then at the profit-maximizing level of output, the relationship between the total revenue (TR) and total cost (TC) curves is that they must have the same slope.
c) Tình hình SX của DN Y trong năm báo cáo như sau:
Chỉ tiêu Quý I Quý II Quý III Quý IV
1. GTSX(Tr.đ) 2.515 2.616 2.716 2.908
2. Số LĐ đầu quý 99 101 103 105
Được biết số LĐ cuối IV là 107 người
Yêu cầu: - Tính GTSX bình quân năm báo cáo?
- Mức NSLĐ bình quân mỗi quý của 1 lao động?
- Mức NSLĐ bình quân hàng quý của 1 lao động?
- Mức NSLĐ bình quân của cả năm của 1 lao động?
According to a proper production function, if adding one unit of capital increases output by 10 units, adding an another unit of capital beyond that must increase capital by
Answer:
less than 10 units
Explanation:
The production function represent the diminishing marginal returns
Here diminishing marginal returns means that marginal output i.e. generated an extra unit would continue to reduce more units of input that are used
So if we add one unit of capital that increased the output by 10 units so if another unit if capital is added so it increased the output but that should be less than 10 units
How does marketing satisfy your needs as a college student? Are certain aspects of your life influenced more heavily by marketing than others? Provide examples
