In what way did Henry Ford’s use of the assembly-line method of production represent an advance in technology in automobile manufacturing?

Answers

Answer 1

Answer: a. It allowed workers to specialize on specific tasks and become more productive.

Explanation:

The Assembly line method of production that Henry Ford initiated at his plant was a technological game changer as it enabled workers to assemble cars faster and this mass produce Ford cars at a cheaper rate for the masses.

The Assembly line worked by putting workers at various stages of the assembly line where they would focus on installing only one or a few parts into the prospective vehicle. This way they were able to focus on that specific task, become more adept at it and thus become more productive.


Related Questions

Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials 2.50 Maintenance .50 Utilities .30 Fixed overhead costs per month are: Supervision $1,200 Insurance 400 Property taxes 600 Depreciation 1,800 The company believes it will normally operate in a range of 4,000 to 8,000 machine hours per month. During the month of August, 2019, the company incurs the following manufacturing overhead costs: Indirect labor $28,000 Indirect materials 16,200 Maintenance 2,800 Utilities 1,900 Supervision 1,440 Insurance 400 Property taxes 600 Depreciation 1,860 Prepare a flexible budget report, assuming that the company used 6,000 machine hours during August.

Answers

Answer:

Variable overhead costs per machine hour:

Indirect labor $5.00 Indirect materials $2.50 Maintenance $0.50 Utilities $0.30Total $8.30

Fixed overhead costs:

Supervision $1,200 Insurance $400 Property taxes $600 Depreciation $1,800 Total $4,000

                                        Flexible              Actual             Spending

                                        budget               expenses        variances

Variable costs:

Indirect labor         $30,000             $28,000          $2,000 FIndirect materials  $15,000              $16,200           $1,200 UMaintenance         $3,000                $2,800            $200 FUtilities                   $1,800                $1,900              $100 UTotal                       $49,800             $48,900          $900 F

Fixed costs:

Supervision           $1,200                 $1,440              $240 UInsurance              $400                   $400                 $0Property taxes      $600                   $600                 $0Depreciation         $1,800                 $1,860              $60 UTotal                      $4,000                $4,300              $300 U

Total costs                     $53,800              $52,300           $600 F

Long Market Value: $48,000 Short Market Value: $18,000 Debit: $25,000 Credit: $25,000 SMA: $3,000 Interest charges on the account are based on a balance of:____.A. 0.B. $3,000.C. $25,000.D. $50,000.

Answers

Answer:

C. $25,000

Explanation:

The interest charges on the account(margin) are based on the debit balance in the account. Also, credits that came as a result of short sales are usually not matched off against debits in the account, hence interest charges is based on the $25,000 debit balance.

The following information is available for Blossom Corporation for 2020.1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $124,000. This difference will reverse in equal amounts of $31,000 over the years 2021–2024.2. Interest received on municipal bonds was $9,300.3. Rent collected in advance on January 1, 2020, totaled $64,200 for a 3-year period. Of this amount, $42,800 was reported as unearned at December 31, 2020, for book purposes.4. The tax rates are 40% for 2020 and 35% for 2021 and subsequent years.5. Income taxes of $297,000 are due per the tax return for 2020.6. No deferred taxes existed at the beginning of 2020.Requried:Prepare the income tax expense section of the income statement for 2020.

Answers

Answer:

first we must determine taxable income = due income taxes / tax rate = $297,000  / 0.4 = $742,500

interest received on municipal bonds $9,300

unearned rent revenue = $42,800

deferred tax asset = $42,800 x 0.4 = $17,120

total pretax financial income = $742,500 + $9,300 + $124,000 - $42,800 = $833,000

deferred tax liability = $124,000 x .4 = $49,600

Income tax expense section

For the year ended December 31, 2020

Total pretax financial income                   $833,000

Income tax expense:

Income taxes $297,000Deferred tax liability $49,600Deferred tax asset -$17,120            -$329,480

Net income                                               $503,520

on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. the company is guilty of

Answers

Answer:

Misrepresentation.

Explanation:

In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.

Misrepresentation can be defined as an untrue or misleading statement of fact made by a party to an individual or group of people to deceitfully lure or induce them to go into a contract. A company stating in its advert that it has funds in its possession but in the true sense or actual fact do not have the funds for payment of losses or claims; such a company is engaging in a fraudulent act and is liable to prosecution in any court of competent jurisdiction.

Rule 103 of Regulation M requires that a market maker in a stock that is also a syndicate member in an "add-on" offering of that issue, during the 20-day cooling off period:__________

Answers

The available options are:

A. can only place a stabilizing bid at, or below the Public Offering Price

B. can only position trade the stock

C. cannot fill any orders for that security

D. can either resign as a market maker or can act as a passive market maker

Answer:

can either resign as a market maker or can act as a passive market maker

Explanation:

Rule 103 of Regulation which deals with Limits On Syndicate Members who are Market Makers requires that a market maker in a stock that is also a syndicate member in an "add-on" offering of that issue, during the 20-day cooling off period "can either resign as a market maker or can act as a passive market maker."

Hence, in this case, the correct answer is "can either resign as a market maker or can act as a passive market maker."

Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts & Cases (8th Edition) by Manuel G. Velasquez and select the best answer for multiple choice questions below.
1. the spending bill was:
a. not necessary for the adjudication of Gas
b. passed by a largely republican congress
c. one of the most important milestones for emissions in the last century
d. the nickname of a politician that overspent funds by the name of William

2. BLM argued that:
a. it is important to treat everybody with respect
b. not everybody deserves an opportunity
c. gas emissions are important inter-globally
d. a significant decline in deer was a cause of action

3. The directional technology to drill was between:
a.$400,000 - $600,000
b. democrats and republicans
c. scientists and physicists
d. the period of 2008-2013

4. Grouse could be affected by:
a. folic acid in the air
b. excavation for silver and coal
c. overpopulation of Grouse
d. things that attract ravens

5. A decline in number of birds resulted because of
a. destruction of grounds for mating
b. 80% of nesting was destroyed
c. poor government internal controls
d. necessary bird control

Answers

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

Answer:

blm :)

Explanation:

​Norwood, Inc. signs a ​, ​%, sixmonth note dated November​ 1, 2018. The interest expense recorded for this note in 2018 will be​ ________. (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)

Answers

Answer:

Norwood Company

Norwood Company signs a​ $11,000, 8.5%,​ six-month note dated November​ 1, 2018. The interest expense recorded for this note in 2018 will be​ ___$156_____. (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)

Explanation:

a) Data and Calculations:

Note Payable = $11,000

Interest rate = 8.5%

Interest expense for a year = 8.5% of $11,000 = $935

Interest expense for 2 months (from November to December) = $935/12 * 2 = $156

b) Interest expense represents the annual expense that must be incurred for the use of resources which the Norwood, Inc. obtained through the signing of the six month note.  Interest on notes are computed based on an annual basis unless otherwise stated.  The 8.5% is per annum.  So, when the interest and principal are being repaid in six month's time, Norwood, Inc. should have accrued interest for six months, which will amount to $467.

Morganton Company makes one product and it provided the following information to help prepare the master budget:The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,500, 16,000, 18,000, and 19,000 units What is the accounts receivable balance at the end of July?

Answers

Answer:

$672,000

Explanation:

The computation of the account receivable balance at the end of July month is shown below:

Particular          June              July          August            September

Unit sales         8,500           16,000      18,000             19,000

Unit selling

price                 $70               $70           $70                 $70

Sales               $595,000     $1,120,000 $1,260,000  $1,330,000

Credit sales collection

40% in this

month sale      $238,000      $448,000  $504,000    $532,000

60% in the

following month                     $357,000   $672,000   $756,000

Total collection  $238,000    $805,000  $1,176,000   $1,288,000

For the account receivable at the end of July we considered the 60% oustanding amount i.e $672,000

What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 15%

Answers

Answer:

The expected return on stock is 30%

Explanation:

Growth rate = Return on Equity * Retention ratio

Growth rate = Return on Equity * (1- Payout ratio)

Growth rate = 25% * (1 - 0.40)

Growth rate = 0.25 * 0.60

Growth rate =  0.15

Growth rate =  15%

Hence, Expected return = Dividend return + Growth rate

Expected return = 15% + 15%

Expected return = 30%

Therefore, the expected return on stock is 30%

Discuss the negative consequences that arise when auditors fail to identify and report going-concern problems.

Answers

Answer:

Consequences arising when auditors fail to identify and report on going-concern problems:

1. The purpose of the audit is defeated.

2. Credibility in the audit process and opinion is eroded.

3. Confidence in the efficiency of market information is shattered.

4. Investors and the general public are misinformed and misled.

5. More governmental oversight and regulations will be required.

6. The auditors involved may have their licenses withdrawn and the audit firm could be closed like Arthur Andersen.

Explanation:

For instance, Company A's auditors are always expected to identify and report on going-concern issues of the company.  Failure to identify and report on problems affecting going-concern means that Company A could be at the risk of liquidation and auditors still report it as if it were continuing in business for the next foreseeable future.   That means that Company A's assets and liabilities are reported in the Balance Sheet as if the business could continue indefinitely, whereas the assets and liabilities should have been reported on a sale-out basis.

The auditors involved in making the wrong conclusion about Company A will be sued with huge damages  and their license may be withdrawn, assuming that Company A is unable to survive the next 12 months after being reported on by the auditors.

A person who enters into a contract when he or she is intoxicated can void the contract if the terms are obviously favorable to the other party.
a. true
b. false

Answers

Answer:

False.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

A person who enters into a contract when he or she is intoxicated cannot void the contract even if the terms are obviously favorable to the other party.

By law, an individual can void a contract entered into while under the influence of alcohol or intoxicated, only if he or she doesn't understand or comprehend the legal consequences binding on the parties involved in the contract.

Hence, a contract is legally binding and enforceable even if one of the parties was intoxicated at the time of its formation.

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years. Target average profit margin for Simon 20.00% The company does not expect the manufacturing cost to vary over the next 4 years. Estimated sales volume and the unit selling price of the valve for the next 4 years is given below: Year Sales volume (units) Unit selling price Year 1 40,000 $80.00 Year 2 50,000 $75.00 Year 3 35,000 $50.00 Year 4 25,000 $45.00 What is the allowable unit cost of a hydraulic valve using the target costing model

Answers

Answer:

Allowable unit cost of a hydraulic valve using the target costing model = 52.4

Explanation:

Given that:

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years.

Target average profit margin for Simon 20.00%

The company does not expect the manufacturing cost to vary over the next 4 years

Estimated sales volume and the unit selling price of the valve for the next 4 years is given below:

Year                  Sales volume (units)                   Unit selling price

Year 1                       40,000                                 $80.00

Year 2                      50,000                                 $75.00

Year 3                     35,000                                   $50.00

Year 4                      25,000                                  $45.00

The objective is to determine the allowable unit cost of a hydraulic valve using the target costing model.

The Cost for each unit selling price can be calculated as:

= unit selling price - (Target average profit margin × unit selling price)

For Year 1

=  $80.00- (0.2 × $80.00)

= $80.00 - $16.00

= $64.00

For Year 2

= $75.00 - ( 0.2 × $75.00)

= $75.00 - ( $15.00)

= $60.00

Year 3

= $50.00 - (0.2× $50.00)

= $50.00 - $10.00

= $40.00

Year 4

= $45.00 - (0.2 × $45.00)

=$45.00 - $9.00

= $36.00

Year       Sales volume    Unit                Cost          Cost per Unit

                (units)             selling price  

Year 1       40,000          $80.00          $64.00       $2560000

Year 2      50,000          $75.00          $60.00       $3000000

Year 3      35,000          $50.00          $40.00        $1400000

Year 4       25,000          $45.00         $36.00        $900000

Total:        150000                                                    $7860000

Allowable unit cost = Total cost/Total number of unit cost

Allowable unit cost = $7860000/150000

Allowable unit cost = 52.4

Justin and Lauren are equal partners in the PJenn Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners have the following bases in their partnership interests:

Partner Outside Basis
Justin $22,000
Lauren 22,000

On December 31 of the current year, the partnership makes a pro rata operating distribution of:

Partner Distribution
Justin Cash $25,000
Lauren Cash $18000
Property 9,000 (FMV)
($2,000 to partnership)

Requried:
a. What is the amount and character of Justin's recognized gain or loss?
b. What is Justin's remaining basis in his partnership interest?
c. What is the amount and character of Lauren's recognized gain or loss?
d. What is Lauren's basis in the distributed assets?
e. What is Lauren's remaining basis in her partnership interest?

Answers

Answer:

PJenn Partnership

a. The amount and character of Justin's recognized gain or loss:

Justin has a recognized gain of $3,000 ($25,000 - $22,000).  The character of Justin's recognized gain or loss must have substantial economic effect.

b. Justin's remaining basis in his partnership interest = $1,000 ($2,000/2) in the property distribution to the partnership.

c. The amount and character of Lauren's recognized gain or loss:

Lauren has a recognized gain of $3,000 ($25,000 - $22,000).  The character of Justin's recognized gain or loss must have substantial economic effect.

d. Lauren's basis in the distributed assets is $22,000, which is her outside basis.

e.Lauren's remaining basis in her partnership interest = $1,000 ($2,000/2) in the property distribution to the partnership.

Explanation:

a) Data and Calculations:

Partner Outside Basis    Partner Distribution

Justin $22,000              $25,000 cash

Lauren 22,000             $18,000 cash + $7,000 in property

Property $2,000 to Partnership

Justin and Lauren's recognized gain or loss is determined by the amount of the sale minus the partner's interest, which is often referred to as the partner's outside basis.

Justin's and Lauren's remaining basis in the partnership is the amount of the fair market value of property remaining after Lauren's share in the property.

The following information pertains to Hopson Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/13 $72,000 Assumed discount rate 10% Service costs for 2013 $28,000 Pension benefits paid during 2013 $15,000 If no change in actuarial estimates occurred during 2013, Hopson's projected benefit obligation at December 31, 2013 was

Answers

Answer:

$92,200

Explanation:

Calculation for Hopson's projected benefit obligation at December 31, 2015

Using this formula

Projected benefit obligation=Actuarial estimate of projected benefit obligation + Service costs +(Actuarial estimate of projected benefit obligation × Discount rate)- Pension benefit

Let plug in the formula

Projected benefit obligation= $72,000 + $28,000 + ($72,000 × .10) -$15,000

Projected benefit obligation=$72,000 + $28,000 + $7,200-$15,000

Projected benefit obligation= $107,200-$15,000

Projected benefit obligation=$92,200

Therefore Hopson's projected benefit obligation at December 31, 2015 will be $92,200

Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the year, Jerry's tax basis in his partnership interest was $44,000. His current-year Schedule K-1 reported an ordinary loss of $9,000, long-term capital gain of $4,600, qualified dividends of $3,600, $2,100 of non-deductible expenses, a $26,000 cash contribution, and a reduction of $5,600 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest (outside basis) at the end of the year

Answers

Answer: $61,500

Explanation:

Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.

There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.

Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)

= 78,200 - 16,700

= $61,500

In response to the financial​ crisis, the Fed and the U.S. Treasury took all of the following policy actions except​ _______.

a. lowering tax rates on commercial bank profits
b. The Troubled Asset Relief Program

Answers

Answer: lowering tax rates on commercial bank profits

Explanation:

The financial crisis which is also widely called the global meltdown was caused as a result of the financial indutry deregulation.

The goal of TARP was to strengthen the banks, and improve market stability. Lowering tax rates on commercial bank profits wasn't part of the action used by the government.

Suppose that a worker in Boatland can produce either 5 units of wheat or 25 units of fish per year, and a worker in Farmland can produce either 25 units of wheat or 5 units of fish per year. There are 30 workers in each country. No trade occurs between the two countries. Boatland produces and consumes 75 units of wheat and 375 units of fish per year while Farmland produces and consumes 375 units of wheat and 75 units of fish per year. If trade were to occur, Boatland would trade 90 units of fish to Farmland in exchange for 80 units of wheat. If Boatland now completely specializes in fish production, how many units of fish could it now consume along with the 80 units of imported wheat?

Answers

Answer:

660 units of fish

Explanation:

Boatland's production = 150 units of wheat or 750 units of fish

opportunity cost of producing fish = 150/750 = 0.2 units of wheat

opportunity cost of producing wheat = 750/150 = 5 units of fish

Farmland's production = 750 units of wheat or 150 units of fish

opportunity cost of producing fish = 750/150 = 5 units of wheat

opportunity cost of producing wheat = 150/750 = 0.2 units of fish

If Boatland trades 90 units of fish in exchange for 80 units of wheat, its remaining production will be = 750 (maximum possible production of fish) - 90 (units traded) = 660 units of fish

Assume the global economy consists of just two trading partners, the United States and Europe. Determine whether each scenario below corresponds to the United States having a trade deficit, balanced trade, or a trade surplus. U.S. Trade deficit.

a. The value of European assets purchased by Americans exceeds that of American assets purchased by Europeans.
b. In the United States, the sum of private savings and government savings is less than private investment.
c. Europeans purchase more goods and services from the United States than Americans purchase from Europe.
d. Net foreign investment for the United States is positive.
e. Net exports for Europe arc zero.
f. Exports from the United States equal imports into the United States.

Answers

Answer:

United States and Europe

Determination of United States having a trade deficit, balanced trade, or a trade surplus:

a. Trade surplus (investment surplus)

b. No effect on trade surplus or deficit

c. Trade surplus

d. Investment surplus

e. Balanced trade

f. Balanced trade

Explanation:

The United States experiences a trade surplus when its exports to Europe is higher than the imports from Europe, whether it is for goods, services, or investments.

On the other hand, the United States will experience a trade deficit when its imports from Europe are more than its export to Europe.

The US and Europe will have some advantages and disadvantages to having a trade deficit or surplus.  When the US experiences a surplus, the exchange rate between the two continents increases in favor of the US.  However, there will a reduction of the competitiveness of the US exports as higher prices will be incurred by Europe for US exports.

A coworker of Connor​'s recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this​ recommendation? Explain briefly.

Answers

Answer:

Yes

Explanation:

Ultimately I agree with the recommendation that has been given by Connor's coworker. By maximizing the shelf space specifically devoted to these drinks it will cause two things to happen. First, customers will mostly notice those drinks which will entice them to buy those drinks instead of the ones they cannot see. The second is that since customers are buying more of these drinks, the increase in sales will also increase profits, but since these items contribution margins are significantly higher than the others, it will cause profits to drastically increase.

A publishing company sells 1,250,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional​ copies, it costs the company $250 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup​ costs

Answers

Answer:

The Company should produce 25,000 books

Explanation:

The production size that minimizes total storage and setup costs is known as the optimum batch size.

Optimum batch size = √(2 × Annual Production Demand × Set up Cost) / Storage Cost per unit

                                  = √ (2 × 1,250,000 × $250) / $1

                                  = 25,000 books

Conclusion :

The Company should produce 25,000 books during each printing in order to minimize its total storage and setup​ costs.

________ and currency risks are to key country success factors as land costs and ________ are to key region success factors. Labor costs; exchange rates Exchange rates; environmental impact Location of markets; climate Land costs; air and rail systems Cultural issues; zoning restrictions

Answers

Answer:

A.Labor​ cost; proximity to customers

Explanation:

The key country success factors would be responsible for the country success i.e. labor cost and for the factors related to region success is the customer proximity i.e to become important for business success

Therefore the correct answer is labor cost and the customer proximity

Hence all the other options are incorrect

The manager of a savings and loan branch wants to estimate the average amount held in passbook savings accounts by the branch bank depositors. A random sample of 25 depositors is selected, and the results indicate a sample average of $4,750 and a sample standard deviation of $1,200. Given the 95% confidence interval estimates calculated above, if an individual had $4,000 ina passbook savings account, is this considered unusual?
a. Yes
b. Maybe
c. Do not know
d. No

Answers

Answer:

Correct answer:

d. No

Explanation:

This is because, from the random sample that was done, it shows that the average money held by customers falls within $3550 - $5950 which averages $4750 (Factoring in the standard deviation of $1200). Therefore, it is not considered unusual if an individual had $4000 since it falls within the range of amount held by most depositors and customers of the said bank.

SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 4,800 of these meals using 2,350 direct labor-hours. The company paid its direct labor workers a total of $23,500 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $9.40 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,800 meals? 2. What is the standard labor cost allowed (SH × SR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance?

Answers

Answer:Please find answers in the explanation column

Explanation:

a)standard labor-hours allowed (SH) to prepare 4,800 meals

standard labor-hours =Actual output X standard direct labor hours

      4,800 X  0.50 = 2,400hours

B) standard labor cost allowed

direct labor-hours per houR =  $9.40

standard labor-hours = 2,400

standard labor cost =direct labor-hours per houR xstandard labor hours

= $9.40 x 2,400=  $22,560

c) labor spending variance= Actual cost incurred - Standard Labor cost

                                         = 23,500 - 22,560= 940 -- Which is unfavorable because the actual is cost is greater than the standard labor cost

D)the labor rate variance and the labor efficiency variance?

labor rate variance= (Actual rate - standard rate ) X Actual hours

                                     ($10.00 -$9.40) X 2,350= $1,410

Labor efficiency variance=(Actual hrs - standard hrs allowed) x standard rate

      2,350- 2,400) X  $9.40= $470   --- Favourable as the actual hours used is less than the standard hours .

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Required: 1. What is the contribution margin per unit

Answers

Answer:

Unitary contribution margin= $8

Explanation:

Giving the following information:

Sales $ 20,000

Variable expenses 12,000

Contribution margin 8,000

To calculate the unitary contribution margin, we need to use the following formula:

Unitary contribution margin= total contribution margin / total units

Unitary contribution margin= 8,000 / 1,000

Unitary contribution margin= $8

________is/are designed specifically to help bring customers eyeball-to-eyeball with the product, often at the point of sale or close to it.

Answers

Answer: Exhibitive Media

Explanation:

This type of media aims to strike a bond between the potential buyer and the product by engaging them eyeball-to-eyeball, often at the point of sale or close to it. The purpose of Exhibitive media is therefore to showcase the product to the prospective buyer.

Examples include;

Product Packaging - here the package is designed in such a way that it grabs the viewer's attention and makes them interested in tying to find out more about the product. It will also explain the benefits associated with the product briefly. Trade Shows and exhibits - Here sales people talk to prospective customers and demonstrate to them the workings of the product. The prospective customer can then ask questions to know more about the products, and etc.

Media selection problems can maximize exposure quality and use number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint.
A. True
B. False

Answers

True

The answer is true

Media selection problems can maximize exposure quality and use the number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint. Thus the statement is True.

What is Media?

Media is referred to as a medium of communication used to exchange information about events happening in the world. This provides information about the issues and challenges rising in the world and creates awareness among the public.

These issues can utilize the number of customers reached as a limitation and can enhance exposure quality by determining how commonly to use each media source. The value of the objective function will be modified by the dual price sum of the restrictions.

Therefore, the statement is True.

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Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange for a 50 percent capital and profits interest in the partnership.
Basis Fair Market Value Harry:
Cash $30,000 $30,000
Land $100,000 $120,000
Totals $130,000 $150,000
Sally:
Equipment used in business $200,000 $150,000
Totals $200,000 $150,000
a. How much gain or loss will Harry recognize on the contribution?
b. How much gain or loss will Sally recognize on the contribution?
c. Should Sally consider selling the property to the partnership rather than contributing it?
A. Yes
B. No

Answers

Answer:

a) $0

Generally, partners recognize gain on property contributed to a partnership only when the cash they are deemed to receive from debt relief exceeds their basis in the partnership prior to the deemed distribution. Harry did not have any debt relief.

b) $0.

Partners may never recognize loss when property is contributed to a partnership even when they are relieved of debt.

c) Sally should consider selling the property to the partnership rather than contributing it. By selling the property, she could recognize the $50,000 built-in loss on the equipment.

You purchased 100 shares of stock for $5 per share. After holding the stock for 8 years and not recieving any dividends, you sell the stock for $42 per share. What are the holding period and annual return on this investment?
a. 185%, 14.42%
b. 920%, 41.63%
c. 740%, 30.48%
d. 625%, 27.66%

Answers

Answer:

The answer is C.

Explanation:

The formula for holding period is:

(Future value/present value) - 1

Future value = $42 per share

Present Value = $5 per share

(42/5) - 1

=8.4 - 1

7.4

Expressed as a percentage:

740%

B. Annual return on investment

(1+AHP)^(1/n) - 1

Where AHP is the annual holding period

n is the number of years

[(1+7.4)^(1/8)] - 1

[8.4^ 0.125] - 1

1.3048 - 1

0.3048

Expressed as a percentage

30.48%

Radison Enterprises sells a product for $102 per unit. The variable cost is $58 per unit, while fixed costs are $758,912. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $107 per unit.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Radison Enterprises sells a product for $102 per unit.

The variable cost is $58 per unit, while fixed costs are $758,912.

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

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

Break-even point in units= 758,912 / (102 - 58)

Break-even point in units= 17,248 units

Now, the selling price is $107:

Break-even point in units= 758,912 / (107 - 58)

Break-even point in units= 15,488 units

Legacy issues $640,000 of 8.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $570,443 and their market rate is 12% at the issue date.

Required:
Record the issue of bonds with a par value of $640,000 cash on January 1, 2017 at an issue price of $570,443.

Answers

Answer:

                                                        Debit                               Credit

Jan 1 2017  

Cash                                                 570,443

Discount on bond                            69,557

    Bond payable account                                                      640,000

For the issue of bonds on discount

Explanation:

Legacy sold the bonds at a discount .A bond is said to be sold at a discount if it is sold at a price less that its face value. The difference  is called the discount.

To record the issuance of a bond at discount, the following accounts would be used :

Cash account- to record the amount received from the issuanceDiscount on bonds- this a contra-liability account to record the discount on the issueBond payable account : Another liability account to record the face value or principal amount of the bond.

Discount on bond = 640,000 - 570,443 = 69,557

Accounting entries:

                                                        Debit                               Credit

Jan 1 2017  

Cash                                                 570,443

Discount on bond                            69,557

    Bond payable account                                                      640,000

For the issue of bonds on discount

Note that the cash account was debited to increase the asset value and the the bond payable account credit to recognize an increase in liability.

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