Becky is a single mother of two young children who spend their days at a daycare center while Becky goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
Due to traffic, Becky expects to be 20 minutes late to pick up her children. How much would she be willing to pay for a variable toll road that would get her to the daycare center on time?
a. any price less than $5
b. any price less than $10
c. any price less than $20 1
d. Becky would not be willing to pay out of pocket to avoid traffic.

Answers

Answer 1

She expects to be 20 minutes late. She has to pay $5 for every 10 minutes.

20 minutes / 10 minutes = 2

2 x $5 = $10

If she is 20 minutes late she needs to pay $20.

She would be willing to pay anything less that $10, because anything less than 10 would save her money.

Answer: b. any price less than $10


Related Questions

In the month of March, Wildhorse Salon services 620 clients at an average price of $130. During the month, fixed costs were $16,380 and variable costs were 70% of sales
(a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio Contribution margin in dollars 5 Contribution margin per unit $ Contribution margin ratio %

Answers

Answer:

a) We have:

Total contribution margin in dollars = $24,180

Per unit contribution margin = $39

Contribution margin ratio = 30%

b) We have:

Break-even point in dollars = $54,600

Break-even point in in units = 420 units

Explanation:

Note: This question is not complete as its part b is missing. The part b of the question is therefore provided to complete it before answering it as follows:

b) Using the contribution margin technique, compute the break-even point in dollars and in units.

The explanation of the answer is now provided as follows:

a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio

Average price = $130

Variable costs = Average price * 70% = $130 * 70% = $91

Total sales = Number of clients * Average price = 620 * $130 = $80,600

Total variable cost = Total sales * 70% = $80,600 * 70% = $56,420

Therefore, we have:

Total contribution margin in dollars = Total sales - Total variable cost = $80,600 - $56,420 = $24,180

Per unit contribution margin = Average price - Variable costs = $130 - $91 = $39

Contribution margin ratio = (Total contribution margin in dollars / Total sales) * 100 = ($24,180 / $80,600) * 100 = 30%

b) Using the contribution margin technique, compute the break-even point in dollars and in units.

Break-even point in dollars = Fixed cost / Contribution margin ratio = $16,380 / 30% = $54,600

Break-even point in in units = Fixed cost / Per unit contribution margin = $16,380 / $39 = 420 units

15. Ilang lalawigan ang bumubuo sa Gitnang Mindanao?​

Answers

Answer:

6 region any meron SA mindanao

Find the average payment period if accounts payable is $20,000, cost of goods sold is $200,000, and sales are $500,000.

Answers

Answer:

36.5

Explanation:

Account payable = $20,000

The cost of goods sold is $200,000

Sales are $500,000

The average payment period can be calculated as follows

= 20,000/200,000/365

°= 20,000/547.9

36.5

Henbe the average payment period is 36.5

Suppose that the reason the jewelry was brand new and at such a bargain price online was because the seller actually stole the jewelry. If the jewelry were stolen, what type of title would Hugo hold when he purchased the jewelry

Answers

Answer: d. Void.

Explanation:

The seller stole the jewelry and so does not hold any legal title to the jewelry in the first place. The seller cannot therefore pass something that they do not possess which means that Hugo did not get a title.

Hugo's supposed title is therefore void which means that should the real owner of the jewelry ever find out that he has it, they can simply come back and claim it without needing to pay Hugo for it.

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected as the base year. In 2002, the basket's cost was $600; in 2004, the basket's cost was $650; and in 2006, the basket's cost was $700. The value of the CPI in 2004 was:___________

a. 92.3.
b. 106.3.
c. 108.3.
d. 152.0.
e. more than 155.0.

Answers

Answer:

c. 108.3

Explanation:

Calculation to determine what The value of the CPI in 2004 was:

Using this formula

Consumer Price Index (CPI) 2004 = (2004 Basket cost / Base year basket cost) x 100

Let plug in the formula

Consumer Price Index (CPI) 2004 = (650 / 600) x 100

Consumer Price Index (CPI) 2004 = 108.3

Therefore The value of the CPI in 2004 was:108.3

The Cavy Company accumulated
560 hours of direct labor on Job 345
800 hours of direct labor on Job 777
The direct labor incurred at a rate of:
$20 per direct labor hour for Job 345
$21 per direct labor hour for Job 777
Journalize the entry and record the flow of labor costs in production.

Answers

Answer:

Date  Journal Entry                  Debit       Credit

         Work in Process            $28,000

         ((560*$20) + (800*$21)

               Wages payable                        $28,000

        (To record the flow of labor costs in production)

Hamell Company has gathered the following data on a proposed investment project: Discount rate 8% Life of the project 8 years Initial investment $330,000 Annual cash inflows 54,450 Salvage value 0 Assume that excess of incremental revenues over the incremental expenses (including depreciation) equal the annual cash inflows. The simple rate of return on the proposed investment is closest to: (Round your answer to 1 decimal place.)

Answers

Answer: 16.5%

Explanation:

Following the information given in the question, the simple rate of return on the proposed investment will be calculated thus:

= Annual cash flow / Initial investment

= $54,450 / $330,000

= 0.165

= 16.5%

Therefore, the simple rate of return on the proposed investment is 16.5%.

Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing costs. results in

a. Results in the highest cost of goods sold.
b. Yields the highest net income.
c. Has the lowest tax expense because of reporting the lowest net income.
d. Better matches current costs with revenues,
e. Precisely matches the costs of items with the revenues they generate.

Answers

Answer:

LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.

Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.

a. Results in the highest cost of goods sold. ⇒ LIFO

This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.

b. Yields the highest net income. ⇒ FIFO

Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.

c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO

Reports lowest income due to high cost of goods sold.

d. Better matches current costs with revenues. ⇒ LIFO

LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.

e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.

Uses the exact cost of the inventory so precisely matches costs.

Amanda is playing a game of chance in which she rolls a number cube with sides numbered from to 1 to 6. The number cube is fair, so a side is rolled at random. This game is this: Amanda rolls the number cube once. She wins $1 if a 1 is rolled, $2 if a 2 is rolled, $3 if a 3 is rolled, and 4 if a 4 is rolled. She loses $0,50 if a 4, 5 or 6 is rolled.
(a) Find the expected value of playing the game.
(b) What can Elsa expect in the long run, after playing the game many times?
1) Elsa can expect to gain money. She can expect to win__dollars per roll.
2) Elsa can expect to lose money. She can expect to lose___dollars per roll.
3) Elsa can expect to break even (neither gain nor lose money).

Answers

Answer:

a. 0.75

b. elsa can expect to gain money. 0.75$

Explanation:

x = 1/6 = 0.166667

given  an outcome of 1,

1$ win * 0.166667 = 0.166667

given an outcome of 2,

$2 win * 0.166667 = 0.33333

given an outcome of 3,

$3 win*0.166667 = 0.5

remember that if she has an out come of 4, 5 and 6 she loses 0.5 dollars

given an outcome of 4,

-$0.5 * 0.166667 = -0.083333

given an outcome of 5,

-$0.5 * 0.166667 = -0.083333

given an outcome of 6,

-$0.5 * 0.166667 = -0.083333

The expected value of playing the game = 0.166667+0.333333+0.5-0.083333-0.083333-0.083333

= 0.750001

expected value of plying game = 0.75

b. in the long run, after playing the game many times, Elsa can expect to gain money. she can expect to win 0.75$ per role. option 1

A seller's opportunity cost measures the a. value of everything she must give up to produce a good. b. amount she is paid for a good minus her cost of providing it. c. out-of-pocket expenses to produce a good but not the value of her time. d. consumer surplus.

Answers

Answer:

a. value of everything she must give up to produce a good.

Explanation:

The opportunity cost of the seller determines the value of each and every thing in which the seller gives up the production of the a good in order to generating an output

So as per the given situation, the option a is correct

And, the rest of the options seems incorrect

The journal entry to record direct labor used in process costing is a(n):___________
a. decrease in assets and a decrease in liabilities.
b. increase in assets and an increase in liabilities.
c. decrease in assets and a decrease in equity.
d. increase in assets and an increase in equity.

Answers

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

Work in process Dr

   To wages payable

(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

One year ago, Richard purchased $1,260 worth of Double GG Corporation common stock for $42 per share. During the year, Richard received two dividend payments, each equal to $.05 per share. The current market value of the stock is $44 per share. What yield did Richard earn on his investment during the year

Answers

Answer:

Yield earned by Richard on his investment during the year is 5%.

Explanation:

This can be calculated as follows:

Number of shares purchased = Worth of common stock one year ago / Price per share one year ago = $1,260 / $42 = 30 shares

Total dividend received during the year = Number of shares purchased * Dividend per share * 2 = 30 * $0.05 * 2 = $3

Current worth of common stock = Number of shares purchased * Current market value per share = 30 * $44 = $1,320

Yield earned during the year = (Current worth of common stock - Worth of common stock one year ago + Total dividend received during the year) / Worth of common stock one year ago = ($1,320 - $1,260 + $3) / $1,260 = 0.05, or 5%

Therefore, yield earned by Richard on his investment during the year is 5%.

Suppose that Jeremiah was unfairly terminated before his employment contract expired, and he had to spend $500 to find another job. His job search expenditures would be considered _____ damages.

Answers

Answer:

Incidental damages

Explanation:

In a situation where an employer doesn't fulfill a contract agreement with an employee, just like in the question above, where Jeremiah was unfairly terminated before his employment contract expired, he has the right to collect "damages" which is legal compensation for financial losses caused by the termination of his employment contract before it expired. Incidental damage is the answer because Jeremiah incurred expenses where he had to spend $500 to find another job as a result of the employer's breach of the contract.

MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $364,800; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $426,000 in materials costs, $415,400 in overhead costs and $232,000 in direct labor costs. Compute the overhead application rate.

Answers

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of vehicles
Inventory Items Quantity Cost per unit NRV per Unit
Vans 4 27000 25000
Trucks 7 18000 17000
2-door sedans 3 13000 15000
4-door sedans 5 17000 20000
Sports cars 1 37000 40000
SUVs 6 30000 28000
Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks
A) Compute the total cost of the entire inventory.
B) Determine whether each inventory item would be reported at cost or net realizable value (NRV).
C) Prepare necessary journal entry to write down inventory from from close to net realize value.
D) The write-down of inventory from cost to net realizable value reduces total assets and increases total expenses, leading to lower net income and lower retained earnings. True OR False

Answers

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items  Quantity  Reporting Cost/Value

Vans                        4              NRV

Trucks                     7              NRV

2-door sedans        3              Cost

4-door sedans        5              Cost

Sports cars              1              Cost

SUVs                       6              NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items  Quantity    Cost per unit      NRV per Unit      LCNRV

Vans                        4           27000 $108,000      25000        $100,000

Trucks                     7            18000   126,000       17000           119,000

2-door sedans        3           13000     39,000      15000            39,000

4-door sedans        5           17000     85,000     20000            85,000

Sports cars              1          37000      37,000     40000            37,000

SUVs                       6         30000    180,000     28000           168,000

Total Cost                                      $575,000                         $548,000

On January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased asset will revert back to James. The equipment cost James $700,000 and has an expected useful life of six years. Its normal sales price is $700,000. The residual value after four years is $100,000. Lease payments are due on December 31 of each year, beginning with the first payment at the end of the first year. The interest rate is 5%. Calculate the amount of the annual lease payments.

Answers

Answer:

$174,207.19

Explanation:

Amount to be recovered (Fair value) = $700,000.....A

PV of residual value = $100,000 * PVIF of $1(5%, 4) = $100,000 * 0.82270 = $82,270.........B

Amount to be recovered through periodic lease payments = A - B = $700,000 - $82,270 = $617,730

Annual lease payment = Amount to be recovered through periodic lease payments / PV of ordinary annuity of $1(5%, 4)

Annual lease payment = $617,730 / 3.54595

Annual lease payment = $174207.194123

Annual lease payment = $174,207.19

So,  the amount of the annual lease payments is $174,207.19.

Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 30 $ 58 $ 62 Bats 23 112 80 Shoes 44 103 99 Uniforms 48 44 44 Compute the lower of cost or market for ending inventory applied separately to each product.

Answers

Answer:

Inventory       Units    CPU    MV per unit    Total Cost   Total MV   LCM

Helmets           30        58             62                  1740           1860      1740

Bats                   23        112             80                  2576          1840      1840

Shoes               44        103             99                  4532         4356      4356

Uniforms          48         44              44                  2112            2112       2112  

Inventory Valuation                                                                               10048

At the end of the financial year, A & Z Travel has earned $90,000 in total sales for tours. It offered 5% a discount of total sales. All the expenses reported as: cost of goods sold of $50,000; salary & other expenses of $20,000. The company had to pay for its debts at 10% of interest rate. Tax is 20%
7. What is A & Z Travel’s net sales?
A. $90,000
B. $85,000
C. $85,500
D. $80,000
8. What is A & Z Travel’s EBIT?
A. $10,500
B. $20,000
C. $40,000
D. $35,500
9. What is A & Z Travel’s net income?
A. $7,560
B. $9,450
C. $10,500
D. $20,000

Answers

Answer:

D

Explanation:

Blake Company purchased two identical inventory items. The item purchased first cost $34.00, and the item purchased second cost $35.00. Blake sold one of the items for $64.00. Which of the following statements is true?
A. The dollar amount assigned to ending inventory will be the same no matter which cost flow method is used.
B. Gross margin will be higher if Blake uses LIFO than it would be if FIFO were used.
C. Ending inventory will be lower if Blake uses weighted average than if FIFO were used.
D. Cost of goods sold will be higher if Blake uses FIFO than if weighted average were used.

Answers

Answer:

c

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Weighted average is the average cost of the inventories bought over a period

If FIFO is used, ending inventory would be $35.

If weighted average is used , ending inventory = (34 +35) / 2 = $34.50

Thus, ending inventory will be lower if Blake uses weighted average than if FIFO were used

Gross margin = gross profit / revenue

If FIFO was used . gross margin = (64 - 34) / 64 = 0.469

If LIFO was used . gross margin = (64 - 35) / 64 = 0.453

Gross margin will be lower if Blake uses LIFO than it would be if FIFO were used.

Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a 60% probability that the firm will generate earnings per share of $3.10; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Concordia Corporation

Answers

Answer:

3.17

Explanation:

Expected earnings per share = (15%x2.40)+(60%x3.10)+(25%x3.80)

Lisa Company had 100 units in beginning inventory at a total cost of $10,000. The company purchased 200 units at a total cost of $26,000. At the end of the year, Lisa had 85 units in ending inventory.
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.)
The cost of the ending inventory
$ FIFO
$ LIFO
$ Average-cost
The cost of goods sold
$ FIFO
$ LIFO
$ Average-cost

Answers

Answer:

Lisa Company

                                                           FIFO            LIFO      Average-cost

The cost of the ending inventory       $11,050     $8,500      $10,200

The cost of goods sold                    $24,950   $27,500     $25,800

Explanation:

a) Data and Calculations:

Beginning inventory 100 units           $10,000 $100

Purchase of 200 units                         26,000 $130

Total units available for sale = 300 $36,000

Ending inventory - 85 units

Units sold = 215 units

Weighted-average cost per unit = $120 ($36,000/300)

FIFO:

Cost of goods sold = $24,950 ($36,000 - $11,050)

Ending inventory = $11,050 (85 * $130)

LIFO:

Cost of goods sold = $27,500 ($36,000 - $8,500)

Ending inventory = $8,500 (85 * $100)

Weighted-average:

Cost of goods sold = $25,800 (215 * $120)

Ending inventory = $10,200 (85 * $120)

Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department

Answers

Answer:

$39520

Explanation:

The computation of the total cost of ending work in process for the Milling Department is given below:

But before that the equivalent cost per unit is

Material = $301600 ÷ 5200

= $58 per unit

And,

Conversion = $408000 ÷ 5000

= $81.60 per unit

So,

Ending Work in Process = 400 × $58 + 200 × $81.60

= $39520

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour 31,400 $219,800 4
Recently. Job T687 was completed with the following characteristics:
Number of units in the job 10
Total machine-hours
Direct materials
Direct labor cost $ 580 $1,160
The total job cost for Job T687 is closest to: (Round your intermediate calculation to 2 decimal places)

Answers

Answer:

$1960

Explanation:

The computation of the total cost is shown below:

Total variable overhead estimated is

= (4 × 31400)

= $125600

Now

total overhead estimated is

= Total variable overhead estimated + Total fixed overhead estimated

= $125600 + 219800

= $345400

Now predetermined overhead rate is

= $345400 ÷ 31400

= $11 per machine hour

Now total overhead applied is

= (11 × 20)

= $220

So,  total job cost is

= Direct material + Direct labor + Total overhead

= (580+1160+220)

 = $1960

Following is information from Intel Corporation for 2016 ($ in millions). Total revenue $59,387 Projected revenue growth rate 5.0% Net operating profit margin (NOPM) 17.3% Net operating assets (NOA) $83,316 Net operating asset turnover (NOAT) 0.74 Projected net operating profit after tax (NOPAT) for 2017 is:

Answers

Answer:

the Projected net operating profit after tax (NOPAT) is $10,788

Explanation:

The computation of the Projected net operating profit after tax (NOPAT) is given below:

= Total revenue × (1 + growth rate) × net operating profit margin

= $59,387 × (1 + 0.05) × 17.3%

= $62,356.35 × 17.3%

= $10,788

Hence, the Projected net operating profit after tax (NOPAT) is $10,788

Food manufacturers prefer to use ________ as a sweetener because it is easy to transport, has good shelf-stability, is low cost, and improves food properties .

Answers

The answer is high-fructose corn syrup.

Food manufacturer prefer to use high Fructose corn syrup as a sweetener because it is easy to transport, has good shelf-stability, is low cost and improves food properties.

What is high fructose corn syrup?

Fructose corn syrup is generally made from corn starch .It is used to sweetened processed food.

What is shelf stability?

Shelf stable food is food that can be stored at room temperature in a sealed container.

To know more about  high Fructose corn syrup here;

 https://brainly.com/question/8393343

#SPJ3

During normal economic times, unemployment in Europe tends to be ________ than in the United States mainly because of ________.

Answers

Answer:

higher; labor market regulations

Explanation:

I hope this helps you!

Claire purchases a $125 suit on her credit card from a local clothing store in her hometown. When she takes it home, she realizes it is damaged. She tries to take the product back for a full refund or store credit, but the store refuses. In this situation, ____________________.

Answers

Answer: the store violate TILA

Explanation:

The Truth in Lending Act of 1968 refers to the federal law that's designed in order to promote how the consumer credit will be used as there should be disclosures regarding terms and cost.

The Act is vital in protecting the consumers from misleading practices and provides them with necessary information about the costs of credit. Based on the information given, the store violates TILA.

Question 3 4 Marks Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers’ wages, study materials, and gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars. Requirements 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $544 per student. c. Decrease variable costs to $340 per student. d. Decrease fixed costs to $53,040.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $680

Unitary variable cost= $408

Fixed cost= $63,920

To calculate the contribution margin and break-even point in units, we need to use the following formula:

Unitary contribution margin= selling price - unitary variable cost

Break-even point in units= fixed costs/ contribution margin per unit

a:

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 63,920 / 272

Break-even point in units= 235

b:

Unitary contribution margin= 544 - 408= $136

Break-even point in units= 63,920 / 136

Break-even point in units= 470

c:

Unitary contribution margin= 680 - 340= $340

Break-even point in units= 63,920 / 340

Break-even point in units= 188

d:

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 53,040 / 272

Break-even point in units= 195

XYZ is considering two alternatives: repairing a damaged van or selling it as is and buying a comparable used van. Information related to this decision is provided below: Initial cost of the damaged van $30,000 Accumulated depreciation to date on van $18,000 Salvage value of the damaged van $ 1,000 Cost to repair damaged van $ 5,000 Cost of a comparable used van $10,000 Based on the information above, XYZ would be financially better off: Group of answer choices

Answers

Answer:

d. $4.000 by repairing the damaged van.

Explanation:

Options are "a. $1,000 by buying the comparable van. b. $2,000 by buying the comparable van c. $2.000 by repairing the damaged van. d. $4.000 by repairing the damaged van."

Details                                                                   Amount

Cost of comparable used Van                            $10,000

Less: Repair cost                                                  $5,000

Less: Salvage value before repair after crash   $1,000

Benefit from repairing damaged van               $4,000

Your company is estimated to make dividends payments of $2.4 next year, $3.4 the year after, and $4.1 in the year after that. The dividends will then grow at a constant rate of 4% per year. If the discount rate is 13% then what is the current stock price

Answers

Answer:

40.78

Explanation:

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