Answer:
Government subsidies some countries soften bed
Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process, Dec. 31, 2016 74,500 Direct Labor 58,500 Finished Goods, Dec. 31, 2016 125,000 Finished Goods, Jan. 1, 2016 158,000 Manufacturing Overhead 79,500 Direct Materials, Dec. 31, 2016 63,000 Work-in Process, Jan. 1, 2016 107,000 Purchases of Direct Material 95,000
Answer:
COGS= $154,500
Explanation:
First, we need to calculate the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 50,000 + 95,000 - 63,000= $82,000
cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000
cost of goods manufactured= $187,500
Now, the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 125,000 + 187,500 - 158,000
COGS= $154,500
MC Qu. 88 Hayes Inc. provided the following information... Hayes Inc. provided the following information for the current year: Beginning inventory 230units Units produced 880units Units sold 934units Selling price$280/unit Direct materials$48/unit Direct labor$29/unit Variable manufacturing overhead$28/unit Fixed manufacturing overhead$39,600/yr Variable selling/administrative costs$21/unit Fixed selling/administrative costs$28,500/yr What is the unit product cost for the year using variable costing
Answer:
Unit product cost= $105
Explanation:
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unit product cost= direct material + direct labor + variable overhead
Direct materials$48/unit
Direct labor$29/unit
Variable manufacturing overhead$28/unit
Unit product cost= 48 + 29 + 28
Unit product cost= $105
Rosie is an employee of Social Media Company. At the end of a successful unionization campaign, Tech Workers Union is certified as the employees’ bargaining representative. Rosie refuses to join the union. For this refusal, under the National Labor Relations Act, the union can force the company to
Answer: d. none of the choices.
Explanation:
Joining a union is a voluntary act which means that if a person decides not to join one, not much can be done about it by the Union.
The Union cannot compel the company to discharge or fire the employee, neither can they encourage them to deny the employee a promotion or discriminate against the employee in their employment of the employee.
The main disadvantage of not being in a trade union is that they will not represent you in disputes against the company.
Zoe is investing in her future. She knows her accounts, with just an initial deposit, are accruing interest constantly. Which formula would Zoe use to determine an estimate fo the future balance of her accounts
Answer:
continuous compound interest
Explanation:
Since in the question it is mentioned that zoe invested in her future and her interest is accrued constantly so here the formula that should zoe use in order to measure the estimated for the future balance is continuous compound interest as for the long time, the interest should be determined by this method
Identify a company in any sector. Using relevant examples, defend the use of information technology to bring about a cost reduction in this company’s products and services.
Answer:
Amazon is a ecommerce company that makes use of IT in enhancing productivity and reducing costs. Such as reducing delivery time and packaging expenses.
Explanation:
The simplest methods to reduce the costs in any company is by reducing the supply expenses and cutting the production, expenditure and making use of effective time strategy all through the use of virtual and information technology. Narrowing down the focus, making most of space etc.Head-First Company plans to sell 5,170 bicycle helmets at $74 each in the coming year. Unit variable cost is $45 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals $49,500 (includes fixed factory overhead and fixed selling and administrative expense). Break-even units equal 1,707.
Required:
Calculate the break-even number of helmets and check your answer by preparing a contribution margin income statement based on the break-even units.
Answer:
Head-First Company
Break-even number of bicycle helmets = 1,707 units
Contribution Margin Income Statement based on the break-even units
Sales revenue ($74 * 1,707) = $126,318
Variable cost ($45 * 1,707) = 76,815
Contribution margin = $49,503
Fixed costs = $49,500
Net operating income = $0
Explanation:
a) Data and Calculations:
Planned sales for the coming year = 5,170 bicycle helmets
Selling price per helmet = $74
Unit variable cost = $45
Contribution margin per unit = $29 ($74 - $45)
Total fixed cost = $49,500
Break-even units = 1,707 ($49,500/$29)
Contribution Margin Income Statement based on the break-even units
Sales revenue ($74 * 1,707) = $126,318
Variable cost ($45 * 1,707) = 76,815
Contribution margin = $49,503
Fixed costs = $49,500
Net operating income = $0
You have just finished analyzing data for a marketing project. Before moving forward, you share your results with members of the marketing team to see if they might have additional insights into the business problem. What practice does this support?
Answer:
Data-driven decision-making
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
In this scenario, the practice supports data-driven decision-making because the researcher shared his or her results with members of the marketing team to see if they might have additional insights into the business problem
The additional planning that may be done after sharing this data with the organization might be helpful in contributing towards the growth of the organization. This process is referred to as Data-backed planning.
Data backed planning can be used to hamper the growth of the organization in a positive way by using numbers that can help analyzing and discussing new strategies by the management.
Data is considered to be an important source of analysis which is purely backed by performance, not in efficiency, but in numbers. Data backed research also helps identifying the problem with one single area.If there is a decline in sales only due to one buyer, it can be denoted by his name, say Mr. A and will also let the organization identify and focus more on the core problem rather than worrying about entire sales.Data backed planning gives results in absolute numbers and is not based on the efficiency in the performance. However the efficiency can be determined based on numbers.Hence, the above statement denotes that the data backed analysis is a process based on the sharing the data of business insights with marketing team to help improve the inner side of the business.
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You are considering purchasing a bond with 18 years to maturity, a $1,000 face value and a 5% coupon rate with interest paid semiannually. Interest rates on bonds in this risk class have dropped to 3% and you expect that this bond will be called in 3 years. The current price of the bond is $1,075.00. Assuming you would be paid one year's worth of interest as a premium if the bond is called, what is the yield to call on this bond?
a. 5.43%.
b. 3.91%.
c. 0 2.93%.
d. 1.86%.
Answer:
b. 3.91%.
Explanation:
The computation of the yield to call is given below
Given that
NPER = 3× 2 = 6
PMT = $1,000 × 5% ×1 ÷2 = $25
PV = $1,075
FV = $1,000 + $50 = $1,050
The formula is given below:
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the yield to call is
= 1.9565% × 2
= 3.91%
A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
Answer:
385
Explanation:
because it says 385
In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.
What is the significance of a sample?A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.
In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.
Therefore, the option C holds true and states regarding the significance of a sample.
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The missing options for the incomplete question have been added below for better reference.
A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?
A. 96
B. 289
C. 385
D. 74
Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. This is a request for
Answer:
mechanic's lien
Explanation:
From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.
Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.
The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annual net cash flows $ 52,600 Depreciation method Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is
Answer:
$14,850
Explanation:
Depreciable amount = $158,000 - $5,000 = $153,000
Annual depreciation = $38,250
Annual net income = $53,100 - $38,250 = $14,850.
Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850
Departmental contribution to overhead is calculated as the amount of sales of the department less: Direct and indirect costs. Product and period costs. Direct expenses. Controllable costs. Joint costs.
Answer:
Direct expenses.
Explanation:
The departmental contribution is determined by deducting the direct expense from the amount of sales
In mathematically,
The following formula should be used
Departmental contribution = Department revenues - direct expense
Here The expenses to be - rent, utilities, taxes, insurance, etc
ANd, It is arrive after paying off the direct expenses that related to the overhead.
Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended December 31, 2010. During 2010, accounts receivable decreased by $5,000, merchandise inventory increased by $4,000, accounts payable increased by $6,000, and depreciation expense of $10,000 was recorded. Assuming no other data is needed and using the indirect method, the net cash inflow from operating activities for 2010 was:
Answer:
Net Cash inflow from operating activities $67,000
Explanation:
The computation of the net cash flow from operating activities is shown below:
Net Income ($500,000 - $450,000) $50,000
Add: Depreciation $10,000
Add: Decrease in account receivable $5,000
Less: Increase in inventory ($4,000)
Add: Increase in account payable $6,000
Net Cash inflow from operating activities $67,000
You want to have $100,000 in 30 years to pay for your long-awaited cruise around the world. You open a savings bank account for this purpose, and you want to reach the above sum by making equal annual deposits. You will make the first deposit today and the last one in 30 years. You are assured to earn an EAR of 5% on money deposited in your account. Your annual payments should be (rounded to the nearest dollar):
Answer:
the annual payment should be $6,505
Explanation:
The computation of the annual payment should be
Annual Payment = P × r × (1+r)^n÷ (1+r)^n - 1
= 100,000 × 0.05 × (1 +0.05^)30 ÷ (1 + 0.05)^30 - 1
= 100,000× 0.05 × 4.32194237515 ÷ 4.32194237515 - 1
= $6,505
Hence, the annual payment should be $6,505
Various financial data for SunPath Manufacturing for 2019 and 2020 follow.
2019 2020
Output: Sales $300,000 $330,000
Inputs: Labor 40,000 43,000
Raw Materials 45,000 51,000
Energy 10,000 9,000
Capital Employed 250,000 262,000
Other 2,000 6,000
Required:
What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2019 and 2020?
Answer:
-0.53191
Explanation:
The computation of the percentage change is given below:
Productivity
In the year 2019 is
= $300,000 ÷ (40,000 + 45,000)
= 3.5294118
In the year 2020 is
= $330,000 ÷ (43,000 + 51,000)
= 3.5106383
Now the percentage change is
= (3.5106383 - 3.5294118) ÷ 3.5294118
= -0.53191
The percentage change in the multifactor labor and raw materials productivity measure from 2019 to 2020 was -0.53%
The multifactor labor and raw materials productivity measure is calculated by the formula:
= Sales / (Raw materials + labor)
In 2019 this was:
= 300,000 / (40,000 + 45,000)
= 3.5294
In 2020 it was:
= 330,000 / (43,000 + 51,000)
= 3.5106
The percentage difference is:
= (3.5106 - 3.5294) / 3.5294
= -0.0188 / 3.5294
= -0.53 %
The percentage change was therefore -0.53%.
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Meteor Tie Company produces ties from fabric according to Q = 10 + 4 F – (1/3) F 3. If fabric is free and ties sell for $20, what is Meteor’s optimal usage of fabric?
Answer:
The optimal usage of fabric = 2
Explanation:
Given the quantity, Q = 10 + 4F - (1/3) F^3
Selling price = $20
Profit = TR - TC
There is no variable cost and let the fixed cost is constant G.
Profit = PQ - G
Profit = 20(10 + 4F − (1/3)F^3)) - G = 0
Now take the first order derivative:
d(profit) / dF = 0
20(4 - F^2) = 0
F = 2
Therefore the optimal usage of fabric = 2
Take It All Away has a cost of equity of 10.60 percent, a pretax cost of debt of 5.31 percent, and a tax rate of 40 percent. The company's capital structure consists of 70 percent debt on a book value basis, but debt is 30 percent of the company's value on a market value basis. What is the company's WACC
Answer: 8.38%
Explanation:
When calculating Weighted Average Cost of Capital (WACC), use the market values.
WACC:
= (Cost of equity * Proportion of equity) + (After tax cost of debt * Proportion of debt)
If debt is 30% then equity will be 70%.
WACC = (10.60% * 70%) + ( 5.31% * (1 - 40% tax rate) * 30%)
= 7.42% + 0.9558%
= 8.38%
If one U.S. dollar was worth 1.22 Canadian dollars when Sal went to a debate tournament in Toronto, and he had $300 in U.S. currency as spending money, how much was his money worth in Canadian dollars?
Answer:
366
Explanation:
300 x 1.22
Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given this information sales growth forecasts will most likely affect growth in:
Answer: account receivable
Explanation:
The forecast in sales growth will most likely affect growth of the account receivable. Accounts receivable refers to the amount that's due to a business for the goods or services that were delivered to.a customer but.habent been paid for. It's s current asset.
The sale growth forecast will have an effect on the account receivable. An increase in sales growth will ultimately lead to an increase in the accounts receivable which implies that there will be more customers buying on credit.
why is accouning a service industry
Answer:
Because it provides support but no tangible goods.
Explanation:
Have a great day! ^_^
You have been asked to assist Emerald City in its response to increasing flooding. The National Weather Service (NWS) reports it has been raining heavily for the past 7 days, averaging 1.3 inches of rain each 24-hour period.
The areas of concerns are as follows:
The Rapid River, which runs north and south through Emerald City, is experiencing slow-rise flooding.
The flooding is being aggravated by debris catching on the low bridge downstream from lower Lake Emerald. Located near the bridge is the Lake Emerald Independent Living Complex, which includes a skilled nursing facility.
Residents are being asked to evacuate their homes in anticipation of the rising floodwaters.
It is 1200 hours, and the NWS has just informed the County Emergency Management office that the flooding is expected to crest at 1800 today. It is expected that this flood crest will cause flooding as indicated on the projected floodplain map.
a. Divide the Operations Section into three Divisions, each assigned to a different geographical area to evacuate.
b. Divide the Operations Section into three Groups, each assigned to a different geographical area to evacuate.
c. Divide the Operations Section into seven Task Forces, each assigned to a different geographical area to evacuate.
Answer: Divide the Operations Section into three Divisions, each assigned to a different geographical area to evacuate.
Explanation:
Since the initial objective is to evacuate residents, therefore, in addition to a Flood Control Group and a Nursing Home Task Force, another organizational structure that can be used to tackle this issue is to divide the Operations Section into three Divisions, each assigned to a different geographical area to evacuate.
Assigning the individuals in each group to s particular area will lead to a faster evacuation and bring about efficiency with regards to the evacuation.
Product Y has a value of $100 and a holding cost rate of 10% per year. The ordering costs are $1,000, and the yearly demand is 45,000 units. The economic order quantity can be determined to equal 3,000 (feel free to check this). Determine the total inventory costs (i.e., ordering costs + holding costs) per year.
Answer:
$30,000
Explanation:
Use the following formula to calculate the total cost
Total cost = ordering costs + holding costs
Where
Ordering costs = Numbers of orders placed per year x Ordering Cost per order = ( 45,000 units / 3,000 units per order ) x $1,000 per order = 15 x $1,000 = $15,000
Holding costs = Average Inventory x Holding cost per unit per year = ( 3,000 units / 2 ) x ( $100 x 10% ) = 1,500 units x $10 = $15,000
Placing values in the formula
Total Cost = $15,000 + $15,000
Total Cost = $30,000
You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $150 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 7.5% per year. Assume that the portfolio pays no dividends.
Required:
a. What percentage of the portfolio should be placed in bills?
b. What percentage of the portfolio should be placed in equity?
Answer:
sorry but I don't know sorry
Assume you are running a paid campaign and your original budget was $50,000 for the month. It's a 31-day month and you have spent $20,000 so far on days 1 - 11. On day 12, your client changes the monthly budget to $75,000. What should your new daily budget be?
Answer: $2750
Explanation:
The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.
Since $20000 has been spent, the remaining budget will be:
= $75000 - $20000
= $55000
Also, the money was spent for 11 days, therefore the number of days remaining will be:
= 31 - 11
= 20 days.
Therefore, the new daily budget for the month will be:
= $55,000 / 20 days
= $2,750
Which of the following is the primary cause of salary compression? A. taxes B. inflation C. interest rates D. collective bargaining
The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry
Answer:
75%
Explanation:
Calculation to determine the four-firm concentration ratio for the dishware industry
Four-firm concentration ratio =18%+32%+11%+14%
Four-firm concentration ratio=75%
Therefore the four-firm concentration ratio for the dishware industry is 75%
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $278,670 Gross profit 162,460 Cost of goods manufactured 139,340 Indirect labor 60,470 Factory depreciation 9,200 Materials purchased 85,830 Total manufacturing costs for the period 160,240 Materials inventory, ending 11,430Using the above information, determine the following missing amounts a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month
Answer:
a. Cost of Goods sold:
= Sales - Gross profit
= 278,670 - 162,460
= $116,210
b. Finished goods:
= Cost of Goods manufactured - Cost of goods sold
= 139,340 - 116,210
= $23,130
c. Direct materials cost
= Materials purchased - Ending materials inventory
= 85,830 - 11,430
= $74,400
d. Direct labor cost:
= Manufacturing costs - Direct materials cost - Factory overheads
= 160,240 - 74,400 - (Indirect labor + Depreciation)
= 160,240 - 74,400 - (60,470 + 9,200)
= $16,170
e. Work in process:
= Manufacturing costs - Cost of Goods manufactured
= 160,240 - 139,340
= $20,900
Fern, Inc., Ivy, Inc., and Jeremy formed a general partnership. Fern owns a 50% interest, and Ivy and Jeremy each own 25% interests. Fern, Inc. files its tax return on an October 31 year end; Ivy, Inc. files with a May 31 year end, and Jeremy is a calendar year taxpayer. Which of the following statements is true regarding the taxable year the partnership can choose?
a. The partnership must choose the calendar year because it has no principal partners.
b. The partnership must choose an October year-end because Fern, Inc., is a principal partner.
c. The partnership can request permission from the IRS to use a March 31 fiscal year under § 444.
d. The partnership must use the "least aggregate deferral" method to determine its taxable year.
e. None of the above.
Answer:
d. The partnership must use the "least aggregate deferral" method to determine its taxable year.
Explanation:
The least [tex]\text{aggregate }[/tex] deferral of income may be obtained by multiplying the LCC profit of every member for a year by the [tex]\text{number of months}[/tex] of the deferral which would arise through the selection of a proposed year end.
They must this method as the [tex]\text{partnership}[/tex] does not have any [tex]\text{majority partners}[/tex] and all the principal partners do not have same taxable year. The least [tex]\text{aggregate }[/tex] deferral method determines the required [tex]\text{taxable year}[/tex] of the partnership.
Thus, the correct option is (d).
Abraham told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as _______.
a. negligence
b. coercion
c. manipulation
d. duress
e. breach of duty
Answer:
d) Duress
Explanation:
From the question we are informed about Abraham who told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as Duress.
Duress can be regarded as an act which involves the use of force, psychological pressure as well as
coercion and threats or other means to make sure that someone act against his or her wishes. Whenever an individual act under duress, then their act is not from their own free will and this is treatable just accordingly when it comes to court proceedings.
What routine do the workers of the Party go through each day, which is a great example of herd-poisoning
Question is incomplete but here's what herd poisoning means so you could relate it
Answer and Explanation:
Herd poisoning occurs when an individual loses his sense of self amidst the crowd. The individual is like an ant following in the order of the whole group. There is less reasoning individually and more of what the group decides. Herd poisoning is like an intoxifying excitement and power that a person experiences by associating or giving away his sense of individuality and reasoning to the crowd. For this person, it is no longer about him but the group as a whole and whatever actions or reasoning are handled by the group together. It is a sort of negative mob mentality.
