Answer:
I think its C if it's not then sorry
Answer:
map?
Explanation:
because it says location
An entity had the following opening and closing inventory balances during the current year: 1/1 12/31 Finished goods $ 90,000 $260,000 Raw materials 105,000 130,000 Work-in-progress 220,000 175,000 The following transactions and events occurred during the current year: $300,000 of raw materials were purchased, of which $20,000 were returned because of defects. $600,000 of direct labor costs were incurred. $750,000 of production overhead costs were incurred. The cost of goods sold for the current year ended December 31 would be A. $1,500,000 B. $1,480,000 C. $1,650,000 D. $1,610,000
Answer:
B. $1,480,000
Explanation:
The computation of the cost of the goods sold is shown below:
Direct material consumed:
beginning Inventory of RM $105,000
Add: Net Purchase ($300,000 - $20,000) $280,000
Total material available $385,000
Less: ending inventory -$130,000
Direct material consumed $255,000
Now
Cost of goods manufactured:
Beginning inventory of Wip $220,000
Current cost:
Direct material $255,000
Direct labor $600,000
Manufacturing OH $750,000
Total current cost $1,605,000
Total cost of WIP $1,825,000
Less: Ending inventory of Wip $175,000
Cost of goods manufactured $1,650,000
Cost of goods sold:
Beginning inventory of FG $90,000
Add: Cost of goods manufactured $1,650,000
Total cost of goods available for sale 1740000
Less: Ending inventory of FG -$260,000
Cost of goods sold $1,480,000
r u itachi
yes if u are no u will die
Answer:
;-;
Explanation:
Answer: Forgive Me Sasuke there wont be a next time
Explanation:
The following budget information is available for the XYZ Company for the first quarter of 2011:
Sales ($16 per unit) $320,000
Freight out $.25 per unit sold
Depreciation on Administrative Equipment $10,000
Sales & Admin. Salaries $40,000 +2% of sales
Advertising $12,000
Depreciation on Manufacturing Equipment $15,000
Lease on Sales Building $45,000
Miscellaneous Selling Expenses $5,000
All operating expenses are paid in cash in the month incurred.
If XYZ expects to sell 20,000 inventory units in the first quarter, what would be the amount of the total budgeted selling and administrative expenses for the first quarter of 2011?
a. $123,400
b. $138,400
c. $113,400
d. $293,400
Answer:
The correct answer of Option A (123400).
The correct answer of Option B (113400).
Explanation:
Budgeted Selling Expenses = Fixed Sales and Administration Salaries +
Variable Sales and Administration Expenses
+ Advertising + Miscellaneous Selling
Expenses + Lease on Sales Building +
Frieght Out + Depreciation on Administrative
Equipment
= 40000 + 2%*20000*16 + 12000 + 5000 +
45000 + 20000*.25 + 10000 = 123400
Option A (123400) is the correct answer.
Part B:
Expected Cash Outflow = Fixed Sales and Administration Salaries +
Variable Sales and Administration Expenses +
Advertising + Miscellaneous Selling Expenses +
Lease on Sales Building + Frieght Out
= 40000 + 2%*20000*16 + 12000 + 5000 +
45000 + 20000*.25 = 113400
Option B (113400) is the correct answer.
Ignoring possible tax effects and signaling costs, the total value of a firm's equity remains the same irrespective of how the firm distributes its residual earnings-dividends or stock repurchases. Each distribution method has certain advantages and disadvantages.
Based on your understanding of dividends and stock repurchases, select the best terms to go with the statements.
Select the best term to complete the sentence Sell Buy
Repurchases give stockholders a choice to ???? their stock and realize their capital gains or keep their stock and receive future dividends. False True
Repurchases allow a firm to buy back as much stock as it wants, at whatever price it wants, without affecting shareholders. This statement is ???? True False
Dividends provide signals about a firm's future prospects, whereas some investors might misinterpret why a firm is repurchasing stock. This statement is???? Saves Increases
Repurchase transactions allow a firm to buy back stock that may be needed to fulfill obligations when employees exercise their stock options. This ???? the costs associated with issuing new shares.
Answer:
The Total Value of a Firm's Equity and Distribution Methods:
1. Repurchases give stockholders a choice to sell their stock and realize their capital gains or keep their stock and receive future dividends. False True
2. Repurchases allow a firm to buy back as much stock as it wants, at whatever price it wants, without affecting shareholders. This statement is False.
3. Dividends provide signals about a firm's future prospects, whereas some investors might misinterpret why a firm is repurchasing stock. This statement is True.
4. Repurchase transactions allow a firm to buy back stock that may be needed to fulfill obligations when employees exercise their stock options. This saves the costs associated with issuing new shares.
Explanation:
Dividends and stock repurchase are two methods of distributing net earnings by a company. Both methods reduce the equity balance by decreasing the Retained Earnings, which are components of the Stockholders' Equity. Stock repurchase is usually embarked upon by management when it wants to reduce the number of outstanding shares, increase both the demand for the shares and the price, and boast the Earnings Per Share.
The government has imposed a fine on the Imperial Company. The fine calls for annual payments of $100,000, $250,000, and $250,000, respectively over the next three years. The first payment is due one year from today. The government plans to invest the funds until the final payment is collected and then donate the entire amount, including investment earnings, to a national health center. The government will earn 3.5% on the funds held. How much will the national health center receive three years from today
Answer: $615,872.50
Explanation:
The amount the National Health Center will receive is the sum of the future values, 3 years from now, of the annual payments of the fines.
Future value of $100,000 paid 1 year from today:
= 100,000 * (1 + 3.5%)²
= $107,122.50
Future value of $250,000 paid 2 years from now:
= 250,000 * (1 + 3.5%)
= $258,750
Future value of $250,000 paid 3 years from today:
= $250,000
Total is:
= 107,122.50 + 258,750 + 250,000
= $615,872.50
Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2014. What is the effect of including Harbor in consolidated net income for 2014
Answer:
$440,000
Explanation:
Calculation to determine the effect of including Harbor in consolidated net income for 2014
Using this formula
Effect of including Harbor in consolidated net income for 2014=Revenues-Expenses-Excess cost allocations
Let plug in the formula
Effect of including Harbor in consolidated net income for 2014=$2,500,000-$2,000,000-$60,000
Effect of including Harbor in consolidated net income for 2014=$440,000
Therefore Effect of including Harbor in consolidated net income for 2014 will be $440,000
Carley Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Carley record as the cost of the new truck?
1) $47,4202) $49,4203) $48,0004) $49,540
Answer:
$49,420
Explanation:
Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $15.00 Off 40% Off (Dollars) (Dollars) A music box$75 $ $ A faux Ming vase$60.00 $ $ Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item at both Annie's Attic and Betty's Breakables, but you do not remember the price. What advice should you give your friend in this situation
Answer:
Go to Betty breakables when the price of the crystal candle is > $37.5
Explanation:
Annie's attic offers $15 off any purchase
Betty breakables offers 40% off any purchase
For both stores
Music box = $75 ( non discounted price )
Faux Ming vase = $60 ( non discounted price )
Discounted prices for Music box
For Annie's attic = 75 - 15 = $60
For Betty breakables = 75 - ( 40% * 75 ) = $45
Discounted prices for Faux Ming vase
For Annie attic = 60 - 15 = $45
For Betty breakables = 60 - ( 40% *60 ) = $36
lets assume the price of the Crystal candle to be x
we will buy from betty breakables If 40% of x > $15 discount offered by Annie's
40/ 100 * x > 15
x > 100/40 * 15
x > 37.5
Go to Betty breakables when the price of the crystal candle is > $37.5
______ consists of the activities that managers perform to plan for, attract, develop, and retain an effective workforce.
a) Arbitration
b) Formal appraisal
c) Human capital
d) Orientation
e) Human resource management
Each business day, on average, a company writes checks totaling $34,500 to pay its suppliers. The usual clearing time for the checks is five days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $45,500. The cash from the payments is available to the firm after three days.
Required:
a. Calculate the company’s disbursement float, collection float, and net float.
b. Calculate the company's disbursement float, collection float, and net float, if the collected funds were available in two days instead of three.
Answer:
Following are the response to the given question:
Explanation:
For point a:
[tex]Particulars\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount\\\\Disbursement \ \ float\ [34500 \times 5] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 172500\\\\Collection \ \ float\ [45500 \times 3] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 136500\\\\ net \ \ float \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 36000\\\\[/tex]
For point b:
[tex]Particulars\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount\\\\Disbursement \ \ float\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 172500\\\\Collection \ \ float\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 45500 \\\\ net \ \ float \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 12700\\\\[/tex]
Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rate of 10%. How many years must Anthony leave that balance in the fund in order to get his desired $1,200,000
Answer:
15 years
Explanation:
The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:
FV=PV*(1+r)^n
FV=$1,200,000
PV=$287,270
r=10%
n=investment period in years=unknown
$1,200,000=$287,270*(1+10%)^n
$1,200,000/$287,270=(1+10%)^n
$1,200,000/$287,270=(1.10)^n
take log of both sides
ln($1,200,000/$287,270)=n ln(1.10)
n=ln($1,200,000/$287,270)/ln(1.10)
n=15.00years
Discussion Week 3 х + -mccneb.edu/courses/16958/discussion_topics/147424 The second posting provides students an opportunity to interact with one another, simulating classroom discussion, with respect to the postings of others. This response should include a critical and respectful review of other postings. The second posting must be no less than 200 words in length to be considered for grade assessment. Any posting less than 200 words in length will not be reviewed and a grade of -- will be assigned. Subsequent postings (in addition to the aforementioned first and second posting) are invited. There is no length requirement for subsequent postings. Please note, attachments will not be opened or reviewed for grade consideration Any postings after the due date has past will not be considered for grading. Discussion 3: Please explain the difference between express and implied easements giving an example of each. Then tell us, if you wanted to know if there was ar easement that involved a property, what are the ways you could find out - i.e. where would you look and what would you look at? Then discuss the importance o implied easements to our society and provide an example. Search entries or author Unread Subscrib Reply Brianna Ferrero Sunday An express easement is created by an agreement or document, it must be in writing. For example, one neighbor may want to build a parking pad or basketball court off their driveway, but not have enough room on their lot to do so because their driveway already butts up against the property line. This individual may offer to pay the neighbor for his consent to grant an express easement for them to build a parking pad and a basketball court off their driveway that extends or the neighbors land.
aAnswer:ya
Explanation:ya
what are the similarities and differences between clv and customer equality these two measures? discuss the strengths and weaknesses of these approaches for measuring customer value. of
Answer:
Customer equity is the sum of all of our CLV's
Explanation:
CLV or customer lifetime value represents the profit that our customers give the company during their commercial relationship with us, while the customer equity is the sum of all of our CLV's, meaning that one is a macro and the other one is a micro reality, both are a statistics that can give us better information for decision making when we are targeting and creating products.
On January 1, 2021. Nana Company paid $100,000 for 6200 shares of Papa Company common stock The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company Papa reported net income of $60,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was 563 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31 2021?
a. $330,600
b. $315,600
c. $390,600
d. $345.600
You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $12,500; year 2, $10,000; year 3, $7,500; year 4, $5,000; year 5, $2,500; year 6, $0; and year 7, $12,500. Given its risk, you believe this investment should earn a 9% return. 4. What is the maximum that you can pay today for this investment
Answer:
$37,680.95
Explanation:
The maximum i would be willing to pay is the present value of the cash flows
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $12,500
Cash flow in year 2 = $10,000
Cash flow in year 3 = $7,500
Cash flow in year 4 = $5,000
Cash flow in year 5 = $2,500
Cash flow in year 6 = 0
Cash flow in year 7 $12,500
I = 9%
PV = $37,680.95
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Revise the following paragraph by incorporating a bulleted list. This information is to let you know that a high-powered MBA program costs hundreds of dollars an hour. However, our program covers the same information. That information includes entrepreneurship tips as well as how to start a business. You will also learn information about writing a business plan and understanding taxes. In addition, our MBA program covers how to go about writing a marketing feasibility study. Another important topic that our program covers is employment benefits plans.
Answer:
Revision of Paragraph to Incorporate a Bulleted List
A high-powered MBA program costs hundreds of dollars an hour. However, our program covers the same information. That information includes the following:
O entrepreneurship tips as well as how to start a business,
O writing a business plan and understanding taxes,
O writing a marketing feasibility study, and
O employment benefits plans.
Explanation:
To correctly understand a bulleted list, it is important to differentiate it from a numbered list. Each bulleted paragraph is started with a symbol without the use of a number. This means that the list is not ordered in any particular order. On the other hand, a numbered list has a sequential or ordered number for each paragraph list.
Bookmark question for later Overhead allocation based on volume alone: results in facility support costs not being allocated among the various products. is a key aspect of the ABC model. must be used for external financial reporting. will systematically overcost high-volume products and undercost low-volume products.
Answer:
will systematically overcost high-volume products and undercost low-volume products.
Explanation:
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
An overhead allocation that is typically based on volume alone, will systematically overcost the high-volume products that are also complex and undercost low-volume products that are simple in nature.
A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in the month of the sale, and the remainder in the following month. What will be the balance in accounts receivable at the end of June
Answer:
$3,500
Explanation:
Calculation to determine What will be the balance in accounts receivable at the end of June
Balance in accounts receivable =June Forecasted sales* (Remaining percentage-Percentage collected)
Let Plug in the formula
Balance in accounts receivable =$5,000*(100%-30%)
Balance in accounts receivable=$5,000*70%
Balance in accounts receivable=$3,500
Therefore the balance in accounts receivable at the end of June will be $3,500
Freedom Co. purchased a new machine on July 2, 2019, at a total installed cost of $49,000. The machine has an estimated life of five years and an estimated salvage value of $6,600. Required: Calculate the depreciation expense for each year of the asset's life using: Straight-line depreciation. Double-declining-balance depreciation. How much depreciation expense should be recorded by Freedom Co. for its fiscal year ended December 31, 2019, under each method
Answer:. See explanation
Explanation:
1. The depreciation under the straight line method will be calculated as:
= ( cost - salvage value)/no of years
= (49000 - 6600)/5
= $42400/5
= $8480 per year
2. Using the Double-declining-balance depreciation, the depreciation will be calculated thus:
Double declining rate = 8480/42400 × 2 = 40%
Yr 1: beginning book value = $49000
Depreciation rate = 40%
Depreciation = $49000 × 0.4 = $19600
Ending book value = $29400
Yr 2: beginning book value = $29400
Depreciation rate = 40%
Depreciation = $29400 × 0.4 = $11760
Ending book value = $17640
Yr3: beginning book value = $17640
Depreciation rate = 40%
Depreciation = $17640 × 0.4 = $7056
Ending book value = $10584
Yr4: beginning book value = $10584
Depreciation rate = 40%
Depreciation = $3884 Savage value
Ending book value = $6700
Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018:
April May June
Credit sales $322,000 $302,000 $362,000
Credit purchases 130,000 153,000 178,000
Cash disbursements $322,000 $302,000 $362,000
Wages, taxes, and
expenses 44,200 11,200 82,000
Interest 154,000 11,700 11,200
Equipment
purchases 63,200 11,200 0
The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase In March 2017, credit sales were $192,000, and credit purchases were $132,000. Using this information, complete the following cash budget.
April May June
Beginning cash balance $125,000
Cash receipts
Cash collections from credit sales
Total cash available
Cash disbursements
Purchases
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disburs ements
Ending cash balance
Answer:
Nashville Nougats, Inc.Nashville Nougats, Inc.
Cash Budget for the second quarter of 2018:
April May June
Beginning cash balance $125,000 $(34,000) $99,800
Cash receipts
Cash collections from credit sales 234,400 $297,900 $310,900
Total cash available $359,400 $263,900 $410,700
Cash disbursements
Purchases $132,000 $130,000 $153,000
Wages, taxes, and expenses 44,200 11,200 82,000
Interest 154,000 11,700 11,200
Equipment purchases 63,200 11,200 0
Total cash disbursements $393,400 $164,100 $246,200
Ending cash balance $(34,000) $99,800 $164,500
Explanation:
a) Data and Calculations:
April May June
Credit sales $322,000 $302,000 $362,000
Credit purchases 130,000 153,000 178,000
Cash disbursements:
Wages, taxes, and
expenses 44,200 11,200 82,000
Interest 154,000 11,700 11,200
Equipment purchases 63,200 11,200 0
March April May June
Credit sales $192,000 $322,000 $302,000 $362,000
40% month of sale $128,800 $120,800 $144,800
55% ffg month of sale 105,600 177,100 166,100
Cash collections $234,400 $297,900 $310,900
March April May June
Credit purchases 132,000 130,000 153,000 178,000
Cash payment 132,000 130,000 153,000
The CAPM is a theory of the relationship between risk and return that states that the expected risk premium on any security equals its beta times the market return.a. Trueb. False
Answer:
a. True
Explanation:
As we know that
Under CAPM, the cost of the capital is
= risk free rate of return + beta × (market rate of return - risk free rate of return)
= risk free rate of return + beta × market risk premium
So it shows the relationship between the risk and return on which the expected risk premium equivalent to the beta and the same should be multiplied with the market return
Therefore the given statement is true
Problem 14-8 (Static) Bonds; effective interest; partial period interest; financial statement effects [LO14-2] The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 5% bonds with a face amount of $500,000 on November 1, 2021. The bonds sold for $442,215, a price to yield the market rate of 6%. The bonds mature October 31, 2041 (20 years). Interest is paid semiannually on April 30 and October 31 and is determined using the effective interest method. Required: 1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2021
Answer:
Lake Hamilton Development (LHD)
The amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2021 is:
= $4,422.
Explanation:
a) Data and Calculations:
November 1, 2021
Face value of bonds issued = $500,000
Bonds issue price = 442,215
Discounts on bonds = $57,785
Maturity period = 20 years on October 31, 2041
Interest rate on the bonds = 5% paid semiannually
Interest payment dates = April 30 and October 31
Effective interest rate = 6%
For the two months of 2021:
Interest Payable = $4,167 ($500,000 * 5% * 2/12)
Discount amortization $255 ($4,422 - $4,167)
Interest Expense = $4,422 ($442,215 * 6% * 2/12)
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.30q Indirect labor $4,100 + $2.00q Utilities $5,100 + $0.50q Supplies $1,300 + $0.40q Equipment depreciation $18,100 + $2.50q Factory rent $8,500 Property taxes $2,700 Factory administration $13,300 + $0.60q The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 66,780 Indirect labor $ 11,680 Utilities $ 7,590 Supplies $ 3,190 Equipment depreciation $ 28,100 Factory rent $ 8,900 Property taxes $ 2,700 Factory administration $ 15,050 Required: 1. Prepare the Production Department’s planning budget for the month. 2. Prepare the Production Department’s flexible budget for the month. 3. Calculate the spending variances for all expense items.
Answer:
Packaging Solutions Corporation
1. Planning Budget
Direct labor $68,460
Indirect labor $12,500
Utilities $7,200
Supplies $2,980
Equipment depreciation $28,600
Factory rent $8,500
Property taxes $2,700
Factory administration $15,820
2. Flexible Budget
Direct labor $65,200
Indirect labor $12,100
Utilities $7,100
Supplies $2,900
Equipment depreciation $28,100
Factory rent $8,500
Property taxes $2,700
Factory administration $15,700
3. Spending Variances:
Flexible Actual Spending
Budget Budget Variance
Direct labor $65,200 $66,780 $1,580 U
Indirect labor $12,100 $11,680 $420 F
Utilities $7,100 $7,590 $490 U
Supplies $2,900 $3,190 $290 U
Equipment depreciation $28,100 $28,100 $0 None
Factory rent $8,500 $8,500 $0 None
Property taxes $2,700 $2,700 $0 None
Factory administration $15,700 $15,050 $650 F
Explanation:
a) Data and Calculations:
Planned labor-hours in March = 4,200
Actual labor-hours in March = 4,000
Cost Formulas
Direct labor $16.30q
Indirect labor $4,100 + $2.00q
Utilities $5,100 + $0.50q
Supplies $1,300 + $0.40q
Equipment depreciation $18,100 + $2.50q
Factory rent $8,500
Property taxes $2,700
Factory administration $13,300 + $0.60q
Actual Cost Incurred In March:
Direct labor $ 66,780
Indirect labor $ 11,680
Utilities $ 7,590
Supplies $ 3,190
Equipment depreciation $ 28,100
Factory rent $ 8,900
Property taxes $ 2,700
Factory administration $ 15,050
Flexible Budget:
Direct labor $16.30 * 4,000 = $65,200
Indirect labor $4,100 + $2.00 * 4,000 = $12,100
Utilities $5,100 + $0.50 * 4,000 = $7,100
Supplies $1,300 + $0.40 * 4,000 = $2,900
Equipment depreciation $18,100 + $2.50 * 4,000 = $28,100
Factory rent $8,500
Property taxes $2,700
Factory administration $13,300 + $0.60 * 4,000 = $15,700
Planning Budget
Direct labor $16.30 * 4,200 = $68,460
Indirect labor $4,100 + $2.00 * 4,200 = $12,500
Utilities $5,100 + $0.50 * 4,200 $7,200
Supplies $1,300 + $0.40 * 4,200 $2,980
Equipment depreciation $18,100 + $2.50 * 4,200 = $28,600
Factory rent $8,500
Property taxes $2,700
Factory administration $13,300 + $0.60 * 4,200 = $15,820
You are in a line at the bank drive-through and 9 cars are in front of you. You estimate that the clerk is taking about four minutes per car to serve.How long do you expect to wait in line?
What are costs that can be identified specifically with a cost objective, but are not direct labor or direct material costs?
Answer:
Other direct cost (ODC)
Explanation:
Other direct cost (ODCs) are costs that can be identified specifically with a final cost objective but are not treated as either a direct material or direct labor cost. Costs are identified as other direct cost so that it would be given proper treatment. Also, identifying costs as ODC helps in infective cost allocation.
Examples of ODCs include travel cost, preservations, equipment testing, consultancy and computer services, etc.
A machine operates with the following production cycle: 34 minutes of setup, 70 minutes of production. While in production, the machine produces 3 parts per minute. What is the capacity of the machine in parts per minute
Answer:
The capacity of the machine is 3 parts per minunte
Explanation:
First calculate the total time
Total time = Setup time + Production time
Total time = 34 minutes + 70 minutes
Total time = 104 minutes
Calculate the total units
Total Units = Production per minute x Total Time
Total Units = 3 parts per minutes x 104 minutes
Total Units = 312 parts
Now calculate the parts per minute
Parts per minute = Total Units / Total Time
Parts per minute = 312 parts / 104 minutes
Parts per minute = 3 parts per minunte
Answer the question on the basis of the following data. All figures are in billions of dollars. The economy characterized by the data is: Multiple Choice experiencing expanding production capacity because net investment is positive. experiencing a trade surplus. experiencing declining production capacity because net investment is negative. exporting more than it imports.
Answer:
Experiencing declining production capacity because net investment is negative.
Explanation:
Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.
True of false are collaboration and teamwork the same thing
Answer:
I'm pretty sure its false
Explanation:
team is multiple people
while collaboration is at least 1 or 2 people
if you play video games think of squads as teammates and think of collaboration as duos, its completely different right.
Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 after they service their 4 year service life. Golden Sales managers want to evaluate the options of depreciation.
a. Compute the annual straight-line depreciation.
Provide the sample depreciation journal entry to be posted at the end of each of the years.
b. Prepare the journal entries for each year of the service life for these assets using the double-declining balance method.
1st year, Dec. 31
2nd year, Dec. 31
3rd year, Dec. 31
4th year, Dec. 31
Answer:
Golden Sales
a. Annual Straight-line Depreciation = $31,250
Sample Depreciation Journal Entries:
Journal Entry:
1st year, Dec. 31:
Debit Depreciation Expense $31,250
Credit Accumulated Depreciation $31,250
2nd year, Dec. 31:
Debit Depreciation Expense $31,250
Credit Accumulated Depreciation $31,250
3rd year, Dec. 31:
Debit Depreciation Expense $31,250
Credit Accumulated Depreciation $31,250
4th year, Dec. 31:
Debit Depreciation Expense $31,250
Credit Accumulated Depreciation $31,250
b. Journal Entries (Double-declining-balance method)
1st year, Dec. 31
Debit Depreciation Expense $67,500
Credit Accumulated Depreciation $67,500
2nd year, Dec. 31
Debit Depreciation Expense $33,750
Credit Accumulated Depreciation $33,750
3rd year, Dec. 31
Debit Depreciation Expense $16,875
Credit Accumulated Depreciation $16,875
4th year, Dec. 31
Debit Depreciation Expense $6,875
Credit Accumulated Depreciation $6,875
Explanation:
a) Data and Calculations:
Fixed assets bought on January 1 = $135,000
Estimated service life = 4 years
Estimated residual value = $10,000
Depreciable amount = $125,000 ($135,000 - $10,000)
Annual Straight-line Depreciation = $31,250 ($125,000/4)
b. Double-declining balance method:
Depreciation rate = 100%/4 * 2 = 50%
Year 1 Depreciation = $67,500 ($135,000 * 50%)
Year 2 Depreciation = $33,750 ($67,500 * 50%)
Year 3 Depreciation = $16,875 ($33,750 * 50%)
Year 4 Depreciation = $6,875 ($16,875 - $10,000)
In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been incurred, even if they had not been paid yet. Bob is practicing the __________ principle.
a.) matching
b.) measurement/cost
c.) time period
d.) full disclosure
Answer:
a.) matching
Explanation:
Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues
So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle
Therefore the option a is correct
