Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $620,000, and the sales mix is 40% bats and 60% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $90 $50 Gloves 105 65 a. Compute the break-even sales (units) for the overall enterprise product, E.

Answers

Answer 1

Answer:

$15,500 units

Explanation:

For the computation of break-even sales (units) for the overall enterprise product, E first we need to follow some steps which is shown below:-

Contribution margin = (Selling price - Variable costs)

For Bats $90 - $50

= $40

For Gloves = $105 - $65

= $40

Overall contribution margin = (40 × 40%) + (40 × 60%)

= $40

a.Break-even point = Fixed costs ÷ Contribution margin

= $620,000 ÷ 40

= $15,500 units


Related Questions

Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe how the main financial documents of Goodwill are similar to those companies that are ""for profit"". Describe how the main financial documents of Goodwill are difference to those companies that are ""for profit"".

Answers

Answer with Explanation:

Requirement 1:

1. Profit Organization

The aim of profit organization is to maximize the wealth of shareholders by increasing its profits. The owners of the company get dividends and appreciation in the value as a return from the company.

2. Nonprofit Organization

The primary mission of Non-profit organization is to benefit the community by helping them and the earnings generation is not the primary goal of the company. ACCA is an entity that delivers quality education to its students and also earns profit on it but the profit margin kept is as low as possible to keep its operation running. Other examples are Rolex, NGO's, National Health Institutes, etc.

In other words, these institutes are for charitable purpose and their primary objective is not making profits.

Key Difference Between Profit Organization and Non-profit Organization​​​​​

A profit organization's primary objective is to maximize profits whereas the Non profit organizations work for delivering services and products that helps in uplifting the society from their donations.A profit organization is registered as a sole proprietorship or partnership or a corporation. Whereas Non profit organization is registered as a charity club, association of person, trust, corporations, etc.Usually major source of income of Non profit organization comes from donations, government and corporation grants, subscriptions, etc. Whereas the major source of profit organization is income generated from the sale of goods and services. Non profit organization - the major incomes are donation, grant, legacies, subscription, etc.

Requirement 2:

Profit making organization have to publish all financial statements which includes income statement, balance sheet, cash flow statement, statement of changes in equity, etc whereas the non profit organization only publishes balance sheet and cash flow statement. If the Non profit organization is involved in selling of products and services then the organization will also have to prepare income statement.

The non profit organization doesn't pays andy dividends as it is a charity firm and all it does is, it spends it money for the welfare of the community. Whereas the profit organization have to retain a share of earned profits and then distributes the remainder to shareholders.

The profit making organization publishes changes in equity statement whereas the charitable firm is not required to publish such things because its primary objective is to spend on the welfare of the community.

The_______hypothesis postulates that top managers typicalljy overstate their ability to create value from acquisition primarily because rising to the top of a corporation has given then an exaggerated sense of the own capabilities.
a. recognition.
b. optimistic.
c. hybrid.
d. hubris.

Answers

Answer:

Option D

Hubris hypothesis

Explanation:

The hubris hypothesis attempts to explain the effect of overconfidence at a managerial level, and how it affects business practices negatively. It can lead to several actions like rash decisions, expensive company acquisitions, and buy-outs e.t.c.

In summary, it tries to explain the effect of pride on clear reasoning and progress at a managerial level in companies.

Therefore, it fits perfectly into the sentence in the question above, as the question is explaining the effect of pride on the performance of newly promoted managers.

Option D is the correct answer

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process:
Budgeted unit sales 500
Selling price per unit $1,970
Cost per unit $1,460
Variable selling and administrative expenses (per unit) $ 50
Fixed selling and administrative expenses (per year) $196,000
Interest expense for the year $ 13,000
Required:
Prepare the company’s budgeted income statement using an absorption income statement format shown below.
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
Sales in Units
April 74,000
May 85,000
June 114,000
July 92,000
The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month’s sales. The inventory at the end of March was 7,400 units.
Required:
Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Total cash receipts $310,000 $430,000 $360,000 $380,000
Total cash disbursements$365,000 $335,000 $325,000 $345,000
The company’s beginning cash balance for the upcoming fiscal year will be $25,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.
Required:
Complete the company's cash budget for the upcoming fiscal year. (Cash deficiency, repayments, and interest, should be indicated by a minus sign.)
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year:
Ending Balances
Cash ?
Accounts receivable $ 8,500
Supplies inventory $ 4,700
Equipment $ 36,000
Accumulated depreciation $ 14,600
Accounts payable $ 2,200
Common stock $ 5,000
Retained earnings ?
The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2,700.


Required:

Prepare the company’s budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

Gig Harbor Boating

Budgeted Income Statement using absorption costing format:

Sales Revenue                                                        $985,000

Cost of Boats Sold                                                    730,000

Gross profit                                                            $255,000

Total variable selling and

administrative expenses                     $25,000

Fixed selling and

administrative expenses (per year)    196,000     $221,000

Income before interest and taxes                          $34,000

Interest expense for the year                                    13,000

Pretax Income                                                          $21,000

2. Down Under Products, Ltd. of Australia

Production Budget for the second quarter

                                           April            May          June       Total

Sales in Units                     74,000       85,000      114,000      273,000

Ending Inventory                8,500        11,400        9,200         9,200

Beginning Inventory              740        8,500        11,400            740

Units to be produced       81,760       87,900      111,800     241,460

3. Garden Depot

Summary of Cash Budget for the upcoming fiscal year:

                                 1st Quarter  2nd Quarter  3rd Quarter  4th Quarter

Beginning cash bal.   $25,000        $10,000       $63,800      $98,800

Total cash receipts   $310,000     $430,000    $360,000    $380,000

Total cash available $335,000     $440,000    $423,800    $478,800

Total cash

 disbursements     ($365,000)   ($335,000)  ($325,000)  ($345,000)

Bank loan (repyt)         40,000        (40,000)

Bank loan Interest                              (1,200)

Cash Balance           ($30,000)      $63,800       $98,800     $133,800

Required Minimum    $10,000       $10,000        $10,000       $10,000

4. Mecca Copy

Budgeted Balance Sheet for the coming year:

Budgeted Balance Sheet for the next year:

Ending Balances

Cash                                                          $ 18,200

Accounts receivable                                  $ 8,500

Supplies inventory                                     $ 4,700

Equipment                          $ 36,000

Accumulated depreciation $ 14,600       $ 21,400

Total Assets                                           $ 52,800

Accounts payable                                    $ 2,200

Common stock                                        $ 5,000

Retained earnings                                $ 45,600

Total Liabilities and Equity                 $ 52,800

Explanation:

1. Gig Harbor Boating:

Data and Calculations:

Budgeted unit sales 500

Selling price per unit $1,970

Sales Revenue = $985,000 ($1,970 x 500)

Cost per unit $1,460

Cost of Boats Sold = $730,000 ($1,460 x 500)

Variable selling and administrative expenses (per unit) $ 50

Total variable selling and administrative expenses = $25,000 ($50 x 500 )

Fixed selling and administrative expenses (per year) $196,000

Interest expense for the year $ 13,000

2. Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

a) Data and Calculations:

                                  March       April          May          June       July

Sales in Units              7,400      74,000       85,000      114,000      92,000

Ending Inventory          740        8,500        11,400        9,200

Beginning Inventory                      740         8,500        11,400       9,200

Units to be produced               81,760        87,900      111,800

3. Garden Depot

Data and Calculations:

                                1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Beginning cash bal.   $25,000        $10,000       $63,800      $98,800

Total cash receipts   $310,000     $430,000    $360,000    $380,000

Total cash available $335,000     $440,000    $423,800    $478,800

Total cash

 disbursements     ($365,000)   ($335,000)  ($325,000)  ($345,000)

Bank loan (repyt)         40,000        (40,000)

Bank loan Interest                              (1,200)

Cash Balance           ($30,000)      $63,800       $98,800     $133,800

Required Minimum    $10,000        $10,000       $10,000       $10,000

4. Mecca Copy:

Data and Calculations:

Budgeted Balance Sheet for the next year:

Ending Balances

Cash ?

Accounts receivable $ 8,500

Supplies inventory $ 4,700

Equipment $ 36,000

Accumulated depreciation $ 14,600

Accounts payable $ 2,200

Common stock $ 5,000

Retained earnings ?

Retained Earnings:

Beginning =   $32,000

Net income =   16,300

Dividends =      (2,700)

Ending =       $45,600

Gig Harbor Boating's budgeted income statement gives a snapshot into the future of its revenue, cost of boats sold, gross profit, and pretax income.  Thus, it uses the projections to guide management towards the achievement of its targets.

Similarly, Down Under Products, Ltd. of Australia prepares a production budget for the second quarter to determine how much units it needs to produce to meet sales or customers' demand.

Garden Depot, as a retailer, ascertains its cash needs by preparing budgeted cash flows for the coming year.

Finally, Mecca Copy cannot operate its center without an idea about its financial position for the next year.  Therefore, it prepares a budgeted balance sheet.  All these budgets guide managements of these various entities and prepare them for taking necessary actions to plan and keep their companies afloat.

A small distribution organization uses a payroll company to provide employee compensation services and keep timesheet records and employee attendance history. This situation is an example of

Answers

Complete Question:

A small distribution organization uses a payroll company to provide employee compensation services and keep timesheet records and employee attendance history. This situation is an example of?

Group of answer choices.

A. Offshoring

B. Centralized work surveillance.

C. Outsourcing.

D. Telecommuting.

Answer:

Outsourcing.

Explanation:

When a small distribution organization uses a payroll company to provide employee compensation services and keep timesheet records and employee attendance history. This situation is an example of outsourcing.

Outsourcing can be defined as a contractual agreement in which a company contracts another firm (third-party) to be responsible for providing certain job functions, tasks or services rather than use employees or departments within the company.

In this scenario, the outsourcing firm or company is saddled with the responsibility of providing employees compensation services, keep timesheet records, and manage the attendance history of employees working at the outsourced distribution organization.

Ashley wants to increase the profits of her e-business. She recognizes that most online searchers click on links on the first search page, so she optimizes her website structure so that it ranks higher on a search. What strategy does this illustrate

Answers

Answer:

The strategy is Search Engine Optimization (SEO), an important strategy in digital marketing.

Explanation:

Search Engine Optimization (SEO) means optimizing the website structure, improve on keywords strategy and visual effects to increase the website's visibility, its ranking on search engine like google, bing, yahoo search .etc... and subsequently, push up the traffic volume to the website.

An international corporation located in Country A is considering a project in the United States. The currency in Country A​, say X​, has been strengthening relative to the U.S.​ dollar; specifically, the average devaluation of the U.S. dollar has been ​% per year​ (which is projected to​ continue). Assume the present exchange rate is units of X per U.S. dollar. a. What is the estimated exchange rate two years from​ now? b.​ If, instead, currency X was devaluing at the same rate ​(​% per​ year) relative to the U.S.​ dollar, what would be the exchange rate three years from​ now?

Answers

Answer:

a) the US dollar would devaluate by 2.6% in the first year, that means that the exchange rate between X and the US dollar will change from 6.4X per US dollar to 6.2336X per dollar. In two years, as the US dollar devaluates even more, the exchange rate will be 6.0715X per US dollar.

b) if both currencies devaluate at the same rate, then the exchange rate between them will not vary and will still be 6.4X per US dollar.

Explanation:

some information was missing, so I looked it up:

current exchange rate = 6.4X per US dollar

devaluation rate of US dollar = 2.6% per year

The two main types of e-commerce are

Answers

Answer:

B2B (Business to business) and B2C (Business to consumer)

The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called a.absorption cost analysis b.cost-volume-profit analysis c.variable cost analysis d.capital investment analysis

Answers

Answer:

d.capital investment analysis

Explanation:

Capital Investment Analysis uses methods such as Payback period, Accounting Rate of Return, Net Present Value to evaluate the the most suitable investment decisions involving fixed asset and this is known as capital investment analysis.

Elize’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Elize works 45 hours. Elize’s federal income tax withholding is $94, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Elize’s pay for the period and (b) the payment of Elize’s wages.

Answers

Answer:

(a) Debit Wages expense for $950; Credit Federal income tax withholding for $94; and Credit Wages payable for $856

(b) Debit wages payable for $856; and Credit Cash for $856.

Explanation:

The entries will look as follows:

a) Prepare the journal entries to record Elize’s pay for the period

Date           Account title                                 Dr ($)          Cr ($)      

Jan 15        Wages expense (w.3)                    950

                    Federal income tax withholding                      94

                    Wages payable (w.4)                                      856

                   (To Elize’s pay for the period.)                                        

(b) Prepare the journal entry to record the payment of Elize’s wages.

Date           Account title                                 Dr ($)          Cr ($)      

Jan 15        Wages payable (w.4)                      856

                  Cash                                                                   856

                  (To record the payment of Elize’s wages.)                        

Workings:

Normal hours = 40

Number of hours worked = 45

Overtime hours = Number or hours worked - Normal hours = 45 - 40 = 5

Normal hourly wage rate = $20

Overtime hourly rate = $30

Federal income tax withholding = $94

w.1: Normal wage amount = Normal hours * Normal wage rate = 40 * $20 = $800

w.2: Overtime pay = Overtime hours * Overtime hourly rate = 5 * $30 = $150

w.3: Wages expense = Normal wage amount + Overtime pay = $800 + $150 = $950

w.4: Wages payable = Total wage amount - Federal income tax withholding = $950 - $94 = $856

The ___________ incorporates a line receiver in order to convert the optical signal into the electrical regime.
a) Attenuator
b) Transmitter
c) Repeater
d) Designator

Answers

Answer: repeater

Explanation:

The attenuation is used to limits the maximum distance that occurs between an optical fiber transmitter and the receiver.

It should be noted that the repeater helps to incorporates a line receiver to convert the optical signal into the electrical regime.

g If Warren Buffet can beat the market using value investing, then... Group of answer choices the market is semi-strong form efficient the market is weak form efficient the market cannot be efficient the market is strong form efficient

Answers

Answer: The market is weak form efficient

Explanation:

Weak form markets are markets in which stocks are said to incorporate all past information in their prices. Investors who believe that the market is at weak form efficiency believe that since the stock contains past information, using the current information in the company's books to determine if the company is overvalued or undervalued is possible (fundamental analysis).

Warren Buffet's Value Investing means that he invests in stocks that he believes to be undervalued and sells them for higher or holds them when they appreciate. This is consistent with fundamental analysis. If Warren Buffet is beating the market by investing in undervalued stock then the market is indeed weak form efficient.

What changes in the work situation might account for the increase in productivity and the decrease in controllable rejects? What might account for the drop in absenteeism and the increase in morale? What were the major changes in the situation? Which changes were under the control of the manager? Which were controlled by the workers? What might happen if the workers went back to the old assembly line method?
A company is considering the relacation of its manufacturing plant and administrative offices from a small city in the midwest to a similar-sized city in the south. Approximately 20% of the residents of the city are employed by the company, and many others are employed in businesses such as banks, personal service, restaurnts, shopping centers, and supermarkets that would suffer a decline in business if the company decides to relocate. Does the company have a social responsiblity to factor into its decision the impact that is move would have on the city? Why?
What are 3 examples of what would be considered un-ethical behavior involving management of quality, and state which ethical principle are violated?

Answers

Answer:

g

Explanation:

Oil Dawg, an oil tanker company, shipped oil to coasts all over the US. During many deliveries, the crew was dumping waste into the ocean. To conceal this, the crew falsified entries into the record book and lied to the Coast Guard about waste disposal. Top executives in the company were unaware this was happening. A jury convicted Oil Dawg of conspiracy, pollution, and obstruction of justice and the company was fined $4.9 Million. Oil Dawg appealed. Should Oil Dawg be found criminally liable for the illegal actions of its lower-level employees under the doctrine of respondeat superior? Why or Why not?

Answers

Answer:

The doctrine of respondeat superior is generally applied to torts and is used by civil courts, but can also include criminal activities. In this case, the main issue is the fine imposed on Oil Dawg, so yes, this doctrine applies.

Respondeat superior basically makes the principal (the employer in this case) legally responsible for unlawful or negligent acts committed by its agents (employees in this case). This doctrine applies as long as the illegal acts were committed within the scope of the normal employment, e.g. crashing a van while making a delivery. In this case, the illegal polluting was carried out while transporting oil to the US.

The only possible defense that Oil Dawg might have is that the people that committed the illegal polluting were independent contractors and they weren't actual employees of the company. But according to the text given, that is not the case.

This doesn't mean that only the employer will be go to trial, the employees that committed the illegal polluting will also go to trial since they are both liable, and maybe face the same or even different charges.  

An organizational chart of a company shows vice presidents with responsibility for key areas such as design, manufacturing, sales, marketing, and after-sales support. This reflects a _______ structure.

Answers

Answer: Functional

Explanation: The functional structure of an organisational chart places people with similar skills who perform similar activities in a group under a common manager who answers to an executive a level up in the hierarchy who may oversee multiple departments. Therefore, an organizational chart of a company showing vice presidents with responsibility for key areas such as design, manufacturing, sales, marketing, and after-sales support would reflect a functional structure.

An advantage of the functional structure is that employees are allowed to focus their collective energies on executing their roles as a department but sometimes they might develop tunnel vision (seeing the company solely through the lens of the employee’s job function) and often at times there is a lack of inter-departmental communication.

g According to the CAPM, what is the expected rate of return for a stock with a beta of 1.2. when the risk-free rate is 6% and the market rate of return is 12%

Answers

Answer:

20.40%

Explanation:

According to CAPM :

expected rate of return = risk free rate + (beta x market rate of return)

6% + (1.2 x 12%) = 20.40%

Effects of fixed and variable cost behavior on the risk and rewards of business opportunities LO 11-2

Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,000 per course taught. Denton pays its instructors $250 per student enrolled in the class. Both universities charge executives a $450 tuition fee per course attended.


Required

Prepare income statements for Kenton and Denton, assuming that 20 students attend a course.

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $240 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 40 students in its course.

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 40 students in its course.

Prepare income statements for Kenton and Denton Universities, assuming that 10 students attend a course, and assuming that both universities charge executives a $450 tuition fee per course attended.

Answers

Answer and Explanation:

The Preparation of income statement of each point is shown below:-

 A.                           Kenton and Denton Universities

                                             Income Statement

Particulars                                   Kenton        Denton

Revenue (20 × $450)                  $9,000      $9,000

Less: Instruction fees

Per course fees                         $5,000

Per student fee (20 × $250)                           $5,000

Net income                                 $4,000         $4,000

B.                                          Kenton Universities

                                             Income Statement

Particulars                                   Kenton      

Revenue (40 × $240)                  $9,600

Less: Instruction fees

Per course fees                           $5,000

Net income                                  $4,600

C.                                           Denton Universities

                                             Income Statement

Particulars                                     Denton  

Revenue (40 × $240)                  $9,600

Less: Instruction fees

Per student fee (40 × $250)       $10,000

Net income                                  -$400

D.                            Kenton and Denton Universities

                                             Income Statement

Particulars                                   Kenton        Denton

Revenue (10 × $450)                  $4,500      $4,500

Less: Instruction fees

Per course fees                         $5,000

Per student fee (10 × $250)                           $2,500

Net income                                 -$500         $2,000

We simply deduct all the expenses from the revenue to arrive at net income and a net loss

Laser World's income statement reported total revenues of $860,000 and total expenses (including $40,500 depreciation) of $740,000. The balance sheet reported the following: Accounts Receivable—beginning balance, $54,000 and ending balance, $57,500; Accounts Payable—beginning balance, $27,500 and ending balance, $33,500. Therefore, based only on this information, the net cash flows from operating activities were:

Answers

Answer:

the net cash flows from operating activities were: $163,000.

Explanation:

Prepare the Operating Activities Section of the Cash Flow Statement as follows :

Cash flow from Operating Activities

Net Income ( $860,000 - $740,000)                                 $120,000

Adjustment of Non-cash items :

Depreciation                                                                          $40,500

Adjustment for Changes in Working Capital items :

Increase in Accounts Receivable ($57,500 - $54,000)      ($3,500)

Increase in Accounts Payable ($33,500 - $27,500)             $6,000

Net Cash From Operating Activities                                   $163,000  

Since the beginning of the twentieth century, the United States has experienced _________ recessions. Of those, ______ have occurred since 1970.

Answers

Answer: 22; 7

Explanation;

A Recession refers to the economy of a country contracting for at least 2 quarters.

Since the the beginning of the twentieth century, the United States has experienced 22 recessions with the worst being the Great Depression of 1929 and the Great Recession of 2008.

Of those, 7 have occurred since 1970 with the 7th ongoing as a result of the Corona virus pandemic.

It costs your company $240 to produce pens and pencils together. To produce the same amount of pens and pencils separately costs $100 for the pens and $120 for the pencils. The production of pens and pencils exhibits:_______
a. diseconomies of scope
b. economies of scope.
c. increasing returns to scale.
d. constant returns to scale.

Answers

Answer:

b

Explanation:

Sheffield Corp. budgeted costs for 45000 linear feet of block are: Fixed manufacturing costs$24000 per month Variable manufacturing costs$16 per linear foot Sheffield installed 30000 linear feet of block during March. How much is budgeted total manufacturing costs in March

Answers

Answer:

Manufacturing cost =$744,000

Explanation:

The total manufacturing cost is the sum of the variable manufacturing cost and the fixed manufacturing cost.

Manufacturing cost = variable cost + Fixed cost

This can be represent using the formula below

Y = bx + a

Y -Manufacturing cost

b- Variable cost per unit

a- Fixed cost

X- number of units

Y = (45,000× 16) + 24,000 = $744000

Budgeted Manufacturing cost =$744,000

Answer:

The answer is $504,000

Explanation:

Budgeted total manufacturing cost is the total variable cost and fixed cost the company had calculated for the production of a particular product.

Budgeted total manufacturing costs in March is:

(Variable manufacturing cost x Linear feet installed) + Fixed manufacturing cost

($16 x 30,000 linear feet) + $24,000

= $480,000 + $24,000

=$504,000

Which of the following demonstrates a way that an organization can maximize profits?
a. Decreasing the quality of care
b. Reducing the cost of delivering care
c. Reducing the costs charged for services
d. All of the above

Answers

Answer:

b. Reducing the cost of delivering care

Explanation:

Not a lot of information is included, but some things apply to all types of businesses:

you can maximize profits by minimizing costs (this is a valid option).you cannot maximize your profits by lowering the quality of your products or services, since that will result in lost customers.reducing the costs charged for services will increase your profits only if it results in a larger increase in the quantity demanded, so this doesn't always apply.

A management control system is a logical integration of techniques to gather and use data and to evaluate performance.

a. True
b. False

Answers

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, a management control system is understood as an ensemble of different subsystems that work with each other in order to cooperate to do the task and obtain the objectives that the user is looking for. In this case in particular, this type of system focus primarily in the objective of gathering data with the purpose of using it to evaluate the performances of the members of the organization so that would help the manager to take decisions when he has to. That is why that this system is a logical integration of techniques that would ensemble data to be used.

Jordan issued 10-year, 11% bonds with a par value of $110,000. Interest is paid semiannually. The market rate on the issue date was 10%. Jordan received $116,855 in cash proceeds. Which of the following statements is True? Multiple Choice Suring must pay $116,855 at maturity and no interest payments.

Answers

Answer:

$110,000 on maturity

Interest of $6,050 semiannually

Explanation:

Jordan will pay $110,000 at maturity date with 20 payments of  $6050 as interest

11% bonds at par value = $110,000

Interest paid = Semiannually

Market rate = 10%

At maturity, the par value will be paid as the par value of Jordan issued bonds is 110,000, therefore, Jordan will pay 110,000 on the maturity date.

As the bonds are issued for 10 years with semiannual payments that will be like 20 payments of $6,050 (110,000 x 10% x 6/12)

assume that the marginal propensity to consume is 0.90 and autonomous consumption expenditures equals $100 billion. Further, assume that planned investment spending is

Answers

Answer:

$4 trillion or $4,000 billion$3.5 trillion or $3,500 billion

Explanation:

1. Equilibrium Output or GDP is calculated by the expression;

Output or Y = Consumption + Investment + Government expenditure + Net exports

Net exports and Government expenditure are assumed to be 0.

Consumption  = 100 + 0.9Y

Investment = $300 billion

Y = 100 + 0.9Y + 300

Y - 0.9Y = 400

Y = 400/0.1

Y = $4,000 billion

2. Y = 50 + 0.9Y + 300

Y - 0.9Y = 350

0.1Y = 350

Y = 350/0.1

Y = $3,500 Billion

Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The variable costs for each product are $20, $50, and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 5 hours to process; Tales 7 hours; and Wales 1 hour. Assuming that Widgeon Co. can sell all of the products it can make, what is the maximum contribution margin it can earn per month?
a. $56,000.
b. $34,000.
c. $49,000.
d. $70,000.

Answers

Answer:

b. $34,000.

Explanation:

The computation of contribution margin is shown below:-

Particulars          Bales      Tales     Wales

Seeling price     $55          $78          $32

Variable cost     $20           $50         $15

Contribution

margin                $35          $28          $17

Required hour to

process                5             7              1

Contribution margin

per hour             7                4              17

Maximum contribution margin is

= Contribution margin per hour × number of machine hours

= 17 × 2,000

= $34,000

Suppose Cho is considering emigrating from her home country.A fictional country of Flaxon has the same policies and institutions as Cho's home country, except that it has greater price stability. If Cho's decision to emigrate is based solely on the prospects for economic growth, she would

Answers

Answer: Migrate to Flaxon

Explanation:

If Flaxon country has the same policies and institutions as Cho's home country but also has greater price stability, Cho would emigrate if she wanted more economic growth because Price stability contributes to the growth of the economy.

Price stability means that the country is not going to experience inflation (deflation) that is too high (low) and lasts too long as well as one that is erratic.

This benefits the economy because;

Savings will not be easily eroded by inflation.Decisions can be made easier as inflation rates can be better predictable. For instance, people can save or invest at a particular rate that they know will bring them real return as it will be over the inflation rate.  Unexpected deflation will not cause companies to make losses which can increase unemployment and company shutdowns and,Financial institutions can borrow out loans at more stable rates for investments because in a less stable market they would have to charge higher rates to ensure that they do not make losses should inflation change. These stable rates will attract companies and individuals who will use the funds for investment and improve the economy.

Projectized organizations are especially effective at helping team members to maintain their discipline-specific competencies. Group of answer choices

Answers

Answer: False

Explanation:

A projectized organization is a form of organization structure is that is designed such that it is hierarchical and headed by the project manager who is typically involved in every decision that is made regarding the project as he or she is the one that team members report to.

Therefore, projectized organizations are not effective at helping team members to maintain their discipline-specific competencies.

Journalize the following entries for the month:

a. Materials are purchased to produce 960 units.
b. Conversion costs are applied to 910 units of production.
c. The cell completes 860 units, which are placed into finished goods.

Answers

Answer:

Journal Entries without $ amounts:

a. Debit Materials Inventory for 960 units

   Credit Cash Account or Accounts Payable for 960 units.

   To record the purchase of materials for the production of 960 units

  Debit Work in process for 960 units

  Credit Materials Inventory for 960 units

  To record the transfer of materials to work in process.

b. Debit Conversion Costs for 910 units

   Credit Cash Account for 910 units

   To record conversion expenses.

   Debit Work in process for conversion costs

   Credit Conversion Costs

   To record the transfer of conversion costs to WIP.

c. Debit Finished Goods Inventory for 860 units

   Credit Work in Process for 860 units

   To record the transfer of 860 units out of WIP, (materials and conversion costs).

Explanation:

Journals serve multi-purposes for the initial recording of business transactions.  They also play important roles for period-end and other adjustments.  Journals come in hand for closing entries of transactions.  Importantly, they identify the accounts that are debited and credited respectively.  There are many kinds of journals for various purposes, from the general to so many of the specialized kinds.  We can even use journal entries to record exchange of quantities, not only dollar amounts, as demonstrated above.

Putting an X in the appropriate spot, classify the costs highlighted in yellow as: Direct Material, Direct Labor, Overhead, or Period Costs. Other costs have been provided for you.
The fixed and variable cost classifications have been provided for you.
Item/ Direct Direct Manufacturing Period Fixed Variable
Cost Material Labor Overhead Costs
Groomer x X
Day care attendant x X
Receptionist x X
Kennel attendant x
Food and water bowls x X
Fencing for day care area x
Installation of fencing x
Dog grooming arm (attaches to table)
12 kennels cost
Depreciation on kennels
Rent X
Utilties and insurance X
Grooming table x X
Grooming tub 48" x X
Heating system x X
Depreciation on heating system X
Clippers x
Shampoo (Crystal Clear:
five-gallon pail) x X
Cage bank (set of five)
Salon Tuff Capri mobile carry cart
Towels x
Scissors (7-inch straight,
ear & nose) x
Toys (used in day care only) x X
Cleaning products (used
throughout) x X
Dryer x
Rubberized flooring (day care) X
Loan X
Draw X

Answers

Answer:

The following costs are classified appropriately under the following heading:

Direct Material:

Food and water bowls

Dog grooming arm

12 kennels cost

Grooming table

Grooming tub 48"

Shampoo (Crystal Clear:  five-gallon pail)

Cage bank (set of five)

Salon Tuff Capri mobile carry cart

Towels

Scissors (7-inch straight,  ear & nose)

Toys (used in day care only)

Cleaning products (used  throughout)

Dryer

Direct Labour:

Groomer

Day care attendant

Receptionist

Kennel attendant

Rubberized flooring (day care)

Overhead:

Fencing for day care area

Installation of fencing

Utilties and insurance

Heating system

Draw

Period Cost:

Depreciation on kennels

Rent

Depreciation on heating system X

Clippers

Loan

Explanation:

As a firm grows, it must support increases in revenue with new investments in assets. The self-supporting, or sustainable, growth model helps a firm assess how rapidly it can grow, while maintaining a balance between its cash outflows (increases in noncash assets) and inflows (funds resulting from increases in liabilities or equity). Consider the following case of Bohemian Manufacturing Company: Bohemian Manufacturing Company has no debt in its capital structure and has $300,000,000 in assets. Its sales revenues last year were $120,000,000 with a net income of $2,000,000. The company distributed $180,000 as dividends to its shareholders last year. Given the information above, what is Bohemian Manufacturing Company’s sustainable growth rate? 0.0601562% 0.5181384% 0.61% 4.1464268% Which of the following are assumptions of the sustainable (self-supporting) growth model? Check all that apply. The firm maintains a constant net profit margin. The firm’s liabilities and equity must increase at the same rate. The firm pays no dividends. The firm maintains a constant ratio of liabilities to equity.

Answers

Answer:

Sustainable growth rate =  0.67148%

The firm maintains a constant ratio of liabilities to equity.

Explanation:

Sustainable growth rate = ROE *Plow back Ratio / (1-ROE * Plow back Ratio)

When ROE = Net Income / Total Assets

= $2,000,000/$300,000,000

= 0.00667

Plow back Ratio = 1 - (Dividend / Net Income)

= 1 - ($180,000/$2,000,000)

= 1 - 0.09

=0.91

Sustainable growth rate = ROE * Plow back Ratio / (1-ROE * Plow back Ratio)

= 0.00667 * 0.91 / (1 - 0.00667  * 0.91)

= 0.0060697 / 0.9039303

=0.0067148

= 0.67148%

Therefore, the sustainable growth rate is 0.67148%

The firm maintains a constant ratio of liabilities to equity is the correct assumption for the sustainable growth model.

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