Answer:
Debit : Work in Process - Direct Labor $24,600
Debit : Work in Process - Indirect Labor $4,300
Credit : Salaries and Wages Payable $28,900
Explanation:
The Journal entry accumulated costs in work in process as shown above.
In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis.
Recall the components that make up GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C = consumption, I = investment, G = government purchases, X = exports, M = imports, and NX = net exports:
Y =
Also, national saving is the income of the nation that is left after paying for Therefore, national saving (S) is defined as: S =
Rearranging the previous equation and solving for Y yields Y = . Plugging this into the original equation showing the various components of GDP results in the following relationship:
S =
This is equivalent to S =, since net exports must equal net capital outflow (NCO, also known as net foreign investment).
Now suppose that a country is experiencing a trade surplus. Determine the relationships between the entries in the following table, and enter these relationships using the following symbols: > (greater than), < (less than), or = (equal to).
Answer:
a. Y = C + I + G + NX
b. National saving is the income of the nation that is left after paying for current consumption (C) and government purchases (G).
c. S = Y - C - G
d. Y = S + C + G
e. S = I + NX
f. S = I + NCO
g. Outcomes of a Trade Surplus
Exports > Imports
Net Exports > 0
C + I + G < Y
Saving > Investment
Net Capital Outflow > 0
Explanation:
a. Y = C + I + G + X - M …………………. (1)
If we assumed X is greater than M, we have:
NX = X - M
Substituting NX = X - M into equation (1), we have:
Y = C + I + G + NX
b. Also, national saving is the income of the nation that is left after paying for current consumption (C) and government purchases (G).
c. Therefore, national saving (S) is defined as: S = Y - C - G.
d. Rearranging the previous equation and solving for Y yields Y = S + C + G.
e. Plugging this into the original equation showing the various components of GDP results in the following relationship:
S + C + G = C + I + G + NX
S = C + I + G + NX - C - G
S = I + NX
f. This is equivalent to S = I + NCO, since net exports must equal net capital outflow (NCO, also known as net foreign investment).
g. Now suppose that a country is experiencing a trade surplus. Determine the relationships between the entries in the following table, and enter these relationships using the following symbols: > (greater than), < (less than), or = (equal to).
Note: The omitted table in the question given as follows:
Outcomes of a Trade Surplus
Exports ____ Imports
Net Exports _____ 0
C + I + G _____ Y
Saving ____ Investment
Net Capital Outflow ___ 0
Therefore, the answer is given as follows:
Outcomes of a Trade Surplus
Exports > Imports
Net Exports > 0
C + I + G < Y
Saving > Investment
Net Capital Outflow > 0
Depreciation on equipment for the year is $5,640.
Journalize the transaction if the company prepares adjustments once a year.
(a) Record the journal entry if the company prepares adjustments once a year.*
(b) Record the journal entry if the company prepares adjustments on a monthly basis.*
*Refer to the Chart of Accounts for exact wording of account titles.
Chart of Accounts
CHART OF ACCOUNTS
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Prepaid Insurance
16 Equipment
17 Accumulated Depreciation-Equipment
LIABILITIES
21 Accounts Payable
22 Notes Payable
23 Unearned Fees
24 Wages Payable
25 Interest Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Fees Earned
EXPENSES
51 Advertising Expense
52 Insurance Expense
53 Interest Expense
54 Wages Expense
55 Supplies Expense
56 Utilities Expense
57 Depreciation Expense
59 Miscellaneous Expense
General Journal
(a) Record the journal entry on December 31, if the company prepares adjustments once a year.*
(b) Record the journal entry on December 31, if the company prepares adjustments on a monthly basis.*
*Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
2
3
4
Answer:
a.
Date Account Title Debit Credit
XX-XX-XXX Depreciation Expense $5,640
Accumulated Depreciation $5,640
b.
Date Account Title Debit Credit
XX-XX-XXX Depreciation Expense $470
Accumulated Depreciation $470
Working
Monthly depreciation = Annual depreciation / 12 months
= 5,640 / 12
= $470
Strack Houseware Supplies Inc. has $889 million in total assets. The other side of its balance sheet consists of $142.24 million in current liabilities, $257.81 million in long-term debt, and $488.95 million in common equity. The company has 29,400,000 shares of common stock outstanding, and its stock price is $88 per share. What is Strack's market-to-book ratio
Answer:
See below
Explanation:
Given the above information,
Market value = Common stock outstanding × Stock price
Market value = 29,400,000 × $88
Market value = $2,587,200,000
Common equity = $488.95 million
Then,
Market to book ratio = $2,587,200,000 / $488,095,000
Market to book ratio = 5.30
Therefore, Strack's market to book ratio is 5.30
đối với những sản phẩm thuộc ô ngôi sao trong ma trận BCG thì lời khuyên dành cho nhà quản trị học là nên tiếp tục hi sinh lợi nhuận ngắn hạn để gia tăng thị phần trong tương lại. đúng hay sai giải thích
Answer:
??
Explanation:
Which Company/Security report would be best for someone looking to compare a company to its peers in a single display
Which Company/Security report would be best for someone looking to compare a company to its peers in a single display is Comps.
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Learn more about Comps here:
https://brainly.com/question/25950911
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A network externality occurs when: Select one: A. there is production cost savings from being networked with suppliers B. the usefulness of a good is affected by how many others use the good C. the usefulness of a good is affected by celebrities who use the good D. there is production cost savings from being networked with buyers. Clear my choice Previous page
Answer:
B
Explanation:
Sheridan, Inc., has issued a three-year bond that pays a coupon rate of 7.0 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.6 percent, what is the market value of the bond
Answer:
$1,066.54
Explanation:
Calculation to determine the market value of the bond
Using this formula
Market value of bond = Coupon payment per period * [1-(1+i)^-n]/i + par value/(1+i)^n
Where,
i = interest rate per period
n = number of periods
Let plug in the formula
Market value of bond = 7%/2 * [1-(1+0.046/2)^-3*2]/(0.046/2) + 1000/(1+0.046/2)^3.2
Market value of bond = 3.5% * [1-(1+0.023)^-6]/(0.023) + 1000/(1+0.023)^6
Market value of bond=$1,066.54
Therefore the market value of the bond will be $1,066.54
What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the EBITDA exit multiple
Answer:
$315,198
Explanation:
WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.
WACC = 11.5%
Exit multiple = Total cash outflow / Total cash inflow
Exit multiple = $120,000 / 36,000 = 3.3x
EBITDA of the company is $178,412.
If the efficient market hypothesis is true, price changes are independent and biased. Group of answer choices
Answer:
Price changes are independent but not biased in efficient market hypothesis.
Explanation:
In simple words, the efficient-market hypothesis asserts that asset prices represent all relevant knowledge. Because market rates must only respond to fresh knowledge it is difficult to continuously "beat the market" on something like a risk-adjusted approach.
Thus the given statement is partially true.
Required: Monson sells 15 units for $20 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.)
Answer:
The costs assigned to ending inventory are $11.33 per unit and $340 total cost.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 15 units for $20 each.
Purchases on December 7 10 units at $ 6.00 cost
Purchases on December 14 20 units at $12.00 cost
Purchases on December 21 15 units at $14.00 cost
Required: Monson sells 15 units for $20 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.)
The explanation of the answer is no provided as follows:
Periodic inventory refers to an inventory system that is updated on a periodic basis such as monthly, quarterly, or annually.
The weighted average method is a formula that divides the cost of products offered for sale by the number of units available for sales.
Combining these two methods, we have:
Value of Purchases on December 7 = 10 * $6.00 = $60
Value of Purchases on December 14 = 20 * $12.00 = $240
Value of Purchases on December 21 = 15 * $14.00 = $210
Total value of units available for sale = $60 + $240 + $210 = $510
Total units available for sale = 10 + 20 + 15 = 45
Costs assigned to ending inventory per unit = Weighted average cost per unit = Total value of units available for sale / Total units available for sale $510 / 45 = $11.33
Units of ending inventory = Total units available for sale – Number of units sold = 45 - 15 = 30
Total cost of ending inventory = Units of ending inventory * Weighted average cost per unit = $11.33 * 30 = $340
Therefore, the costs assigned to ending inventory are $11.33 per unit and $340 total cost.
There are three uncertain (random) variables in this problem. Select the variables that should represent uncertainty in this model. Group of answer choices What type of fruit to grow Initial Research and Development Cost Salvage Price Yield Pre-Orders Picked up Pre-Orders Placed
Answer:
Yield
Pre orders placed
Pre orders picked.
Explanation:
Uncertain variables are those which can not be predicted. Output of uncertain variables may vary. A farmer has uncertain variables like yield of the crops, order placed and orders picked. Research and development cost is predictable and analysis make it easy to identify benefit of research.
All of the following questions are open-ended problems. You must compute an answer for every problem. For percentage answers, calculate your answer as a percent rounded to 2 decimal places. For example, you would record ROA = .1263974 as 12.64% (note that on D2L you will enter 12.64 without the percent sign). For dollar answers, round to the nearest dollar. For example, you would record $12,345.83943 as $12,346 (note that on D2L you will enter 12346 without a comma and without the dollar sign).13. Felton Farm Supplies, Inc. has an ROA (return on assets) of 12 percent, total assets of $1,000,000 and a net profit margin of 4.25 percent. What are Felton Farm Supplies annual sales?14. Krisle and Kringle's debt ratio = 72.0%. What is the company’s debt-to-equity ratio? (Enter answer as a ratio rounded to 2 decimal places – that is, do not convert to a percent; for example, enter 80/35 = 2.2857 as 2.29).15. Philips, Inc has a debt ratio of 42.5% and ROE = 15%. What is Phillips’ ROA? (Enter answer as a percent).16. A firm has an ROA of 16% and a debt/equity ratio of 1.45. The firm's ROE is _________. (Enter answer as a percent).17. Assume that XYZ, Inc. has:Debt ratio = 70% Net profit margin = 15% Return on assets (ROA) = 7.5% Find XYZ’s Total Asset Turnover ratio. (Enter answer as a ratio – that is, do not convert to a percent).
Solution :
13. Net income = total assets x ROA
= $ 1,000,000 x 12%
= $ 120,000
Net Income for company is $120,000.
Net Profit margin = 4.25%
Total sales = net income / net profit margin
= $ 120,000 / 4.25%
= $ 2,823,529
Total sales for company is $ 2,823,529
14. Debt ratio = 72%
So weight of debt = 72%
Weight of equity = 1 - 72%
= 28%
Debt equity ratio [tex]$=\frac{72 \%}{28 \%}$[/tex]
= 2.57
Debt equity ratio is 2.57
15. Debt ratio = 42.50%
So, weight of debt = 42.50%
Weight of equity = 1 - 42.50%
= 57.50%
Weight of equity is 57.50%.
Return on equity = 15%.
Return on assets = 57.50% × 15%
= 8.625%
Return on assets is 8.625%.
16.
Debt Equity ratio = 1.45
Weight of debt = 59.18%
Weight of equity = 40.82%
Return on assets = 16%
Return on equity = 16% / 40.82%
= 39.20%
Return on equity is 39.20%.
17.
Total Assets turnover = Sales / Total Assets
= (Net Income / Total Assets) / (Net Income / Sales)
= ROA / Net Profit margin
= 7.50% / 15%
= 0.50
Total Assets turnover is 0.50.
Curtain Co. paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
A. $4800.B. $1000.C. $2600.D. $800.
Answer:
Total amound paid to shareholder in 3rd year = $1850
Explanation:
Below is the calculation:
Total dividend paid = 1st year divident + 2nd year divident + 3rd year dividend
Total dividend paid = $10000 + 12500 + 14000
Total dividend paid = $36500
Total preferred dividend = (2100 x 100) x 5.5% x 3
Total preferred dividend = $34650
Total amount of dividend paid to shareholder during 3rd year = 36500 - 34650 = $1850
Total amound paid to shareholder in 3rd year = $1850
Suppose that the price of labor (PL) is $7 while the price of capital (PK) is $10. Also, suppose that the marginal product of labor (MPL) is 20 while the marginal product of capital (MPK) is 30. What is the best advice for a profit-maximizing firm ?
Answer:
The answer is "use more capital, less labor".
Explanation:
labor price [tex](PL) = \$7\\\\[/tex]
Capital price [tex](PK) = \$10\\\\[/tex]
Marginal product of labor: [tex](MPL) = 20\\\\[/tex]
Marginal product of capital: [tex](MPK) = 30\\\\[/tex]
Calculating the ratio of the product marginal labor and labor price:
[tex]= \frac{MPL}{PL} = \frac{20}{7} = 2.86\\\\[/tex]
Calculating the ratio of the product marginal capital and capital price:
[tex]= \frac{MPK}{PK} = \frac{30}{10} = 3\\\\[/tex]
The company maximises profit using the quantity of work and capital that matches the necessary responsibilities.
[tex]\frac{MPL}{PL} = \frac{MPK}{PK}[/tex]
However, in the given case,
[tex]\frac{MPL}{PL} < \frac{MPK}{PK}[/tex]
In this instance, therefore, the business should raise the quantity of capital and cut the quantity of effort.
A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30 years at 5% interest. What will be the amount of her principal and interest payment if the requirement is $5.68 per thousand of the loan amount?
Answer:
We have:
Amount of principal = $268,000
Interest payment = $1,522.24
Explanation:
These can be calculated as follows:
Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000
Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24
Therefore, we have:
Amount of principal = $268,000
Interest payment = $1,522.24
An automatic stabilizer:________
a) increases inflationary pressure during expansions.
b) increases the drop in disposable income during recessions and increases the jump in disposable income during expansions.
c) increases tax revenue relative to government spending throughout the business cycle.
d) decreases tax revenue relative to government spending throughout the business cycle.
e) reduces the drop in disposable income during recessions and reduces the jump in disposable income during expansions.
Answer:
E
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Automatic stabilizers contrasts with discretionary fiscal policies.
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Pharmaceutical companies are sometimes perceived as profiting unfairly from drugs they sell. Suppose that a new law shortens the time during which the manufacturer has exclusive use of the drug formula. Place the events in sequence to illustrate how restricting profits by pharmaceutical companies will affect innovation.
a. Pharmaceutical companies reduce their estimate of the profitability of new drug research.
b. Fewer new drugs are brought to market.
c. Pharmaceutical companies are less willing, to invest in drug development.
Answer:
1. Pharmaceutical companies reduce their estimate of the profitability of new drug research.
2. Pharmaceutical companies are less willing to invest in drug development.
3. Fewer new drugs are brought to market.
Explanation:
Given that the pharmaceutical companies are recognized as making profits in an unfair way by selling drugs. Now there is a new law which shortens the duration of time of the use of the drug formula by the manufacturer.
Thus the events in a sequence order which shows how the restricting profits by the pharmaceutical companies affects the innovation are :
The companies tries to reduce their estimate of profitability of the new drug research.The pharmaceutical research does not want to invest their money in the research and development of the drugs.Only few drugs are put in the market.A corporate bond with a 6% coupon (paid semiannually) has a yield to maturity of 7.5%. The bond matures in 20 years but is callable at $1050 in ten years. The maturity value is par. Calculate the bond’s yield to call. % terms w/o $ sign. (HINT: Find the current price and then solve for YTC.)
Answer:
Yield to Call = 8.66%
Explanation:
The computation of the yield to call is shown below:
First determine Current Price of Bond,
PV = [FV = 1,000, PMT = 30, N = 40, I = 0.075 ÷2]
PV = $845.87
Callable Price = $1,050
Now
Calculating Yield to Call,
I = [PV = -845.87, FV = 1,050, N = 20, PMT = 30]
I = 8.66%
Yield to Call = 8.66%
Based on this model, households earn income when firms __________ purchase goods and services ___________in markets for factors of production. Suppose Caroline earns $625 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $10 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Antonio $275 per week to wash cars. Antonio uses $150 to purchase a necklace from Classy's Jewelry Store.
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
Event Market for Factors of Production Market for Goods and Services
Caroline spends $10 to get her car washed.
Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.
Antonio earns $275 per week working for Spotless Car Wash.
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
i. The car wash Caroline receives
ii. The $275 per week
iii. Antonio earns working for Spotless Car wash
The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store
The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy
True / False
Answer and Explanation:
Market for Factors of Production:
Antonio earns $275 per week working for Spotless Car Wash.
Market for Goods and Services:
Caroline spends $10 to get her car washed.
Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.
Which of the elements of this scenario represent a flow from a household to a firm?
The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store
The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy - false
The circular flow of income represents the flow of economic exchanges between economic agents in the economy. If a household provides the labor factor of production, it is paid and uses the same money to purchase from the same firms that produce goods and services. This is a cycle and actually doesn't get more complex than this in real life, only involves alot more firms or economic agents.
The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:
Answer:
$30,000
Explanation:
The computation of the amount received by Janet is given below:
Loss on sale of other assets is
= $150,000 - $50,000
= $100,000
Share of Janet in loss is
= $100,000 × 5 ÷ 10
= $50,000
So,
Janet revised capital balance is
= $80,000 - $50,000
= $30,000
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing.
Beginning Work in Process inventory:
Physical units..... 5000
% complete for materials 70%
% complete for conversion costs 25%
Materials cost from May 7350
Conversion costs from May 3125
Product started:
Physical units 44000
Ending Work in Process inventory:
Physical units 4000
% complete for materials 40%
% complete for conversion costs 10%
Manufacturing costs for June:
Materials 96975
Conversion costs 79470
Compute equivalent units for direct materials for June.
Answer:
the equivalent units for direct material is 43,100 units
Explanation:
The computation of the equivalent units for direct material is shown below:
= Ending work in process units + units started and completed + opening work in process units
= 40% of 4,000 units + (44,000 - 4,000) + 30% of 5,000
= 1,600 units + 40,000 units + 1,500 units
= 43,100 units
hence, the equivalent units for direct material is 43,100 units
Joseline waited until December 12, 2019, to file her 2018 Form 1040 return. She did not request an extension. Her balance due for 2018 is $461. What is her failure to file penalty
Answer: $207.45
Explanation:
The latest date that Josephine should have filed her taxes by was April 15th 2019.
She instead waited till December 12, 2019.
9 partial and full months have passed since that time so her penalty will be for 9 months.
Penalty is 5% of the balance due:
= 461 * 5% * 9
= $207.45
High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the activity output, as measured by moves for the two different levels, are presented as follows: Resource Number of Moves Total Cost Forklift depreciation: Low 5,000 $1,600 High 15,000 1,600 Indirect labor: Low 5,000 $74,000 High 15,000 136,000 Fuel and oil for forklift: Low 5,000 $3,550 High 15,000 10,650 Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V $ F $ Y $ Indirect labor: V $ F $ Y $ + $ X Fuel and oil for forklift: V $ F $ Y $ X 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 8,000 moves. Forklift depreciation $ Indirect labor $ Fuel and oil for forklift $ 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ + $ X Using this formula, predict the total materials handling cost if activity output is 8,000 moves. Y = $.
Answer:
South Charleston Plant of Ravinia, Inc.
1. Cost behavior formula:
Forklift depreciation = $1,600 + $0q
Indirect labor = $43,000 + $6.20q
Fuel and oil for forklift = $3,550 + $0.71 (q - 5,000)
2. Cost of each item for an activity output level of 8,000 moves:
Forklift depreciation = $1,600
Indirect labor = $92,600
Fuel and oil for forklift = $5,680
3. Total cost formula = $48,150 + $6.47q
Materials handling cost = $99,880
Explanation:
a) Data and Calculations:
Resource Number of Moves Total Cost
Forklift depreciation:
Low 5,000 $1,600
High 15,000 1,600
Indirect labor:
Low 5,000 $74,000
High 15,000 136,000
Fuel and oil for forklift:
Low 5,000 $3,550
High 15,000 10,650
Cost behavior formula for each resource:
Forklift depreciation:
Low 5,000 $1,600
High 15,000 1,600
Difference 10,000 $0
Variable cost per unit = $0 ($0/10,000)
Fixed cost = $1,600
Cost behavior formula = $1,600 + $0q
Indirect labor:
Low 5,000 $74,000
High 15,000 136,000
Difference 10,000 62,000
Variable cost per unit = $6.20 ($62,000/10,000)
Fixed cost = $43,000 ($74,000 - ($6.20*5,000))
Cost behavior formula = $43,000 + $6.20q
Fuel and oil for forklift:
Low 5,000 $3,550
High 15,000 10,650
Difference 10,000 $7,100
Variable cost per unit = $0.71 ($7,100/10,000)
Fixed cost = $3,550 ($3,0 - ($0.71 * (15,000 - 5,000))
Step cost
Cost behavior formula = $3,550 + $0.71 (q - 5,000)
Forklift depreciation = $1,600 + $0 * 8,000 = $1,600
Indirect labor = $43,000 + $6.20 * 8,000 = $92,600
Fuel and oil for forklift = $3,550 + $0.71 (8,000 - 5,000) = $5,680
Total cost formula: Fixed + Variable
Forklift depreciation = $1,600 + $0 * 8,000 = $1,600
Indirect labor = $43,000 + $6.20 * 8,000 = $92,600
Fuel and oil for forklift = $3,550 + $0.71 (8,000 - 5,000) = $5,680
$48,150 + $51,730 = $99,880
= $48,150 + $6.47q ($51,730/8,000)
Materials handling cost = ($1600 + $43000) + ($6.20 + $0.71) X
= $44600 + $6.91 X
Y = $44600 + ($6.91 x 8000)
= $44600 + $55280
= $99880
When you show property: Ask questions that will sell the home’s specific features. Never show more than 4 homes in one day. Never cancel a scheduled appointment. Be sure to show the prospects at least one home beyond their means to peak their interest.
Answer:
Ask questions that will sell the home's specific features.
Explanation:
Professionals do not state obvious facts about the property they are showing to buyers. Instead, show property by asking questions about features that will interest the buyer. Leave opinions behind. Personal opinions are not meant for the home buyer. Couch questions so that they will get positive responses and help the buyer to make comparisons. For example, this room with its overview of the greenfield will interest the children, isn't it?
If IBM has a beta of 1.2 when the risk-free rate is 6% and the expected return on the market portfolio is 18%, the expected return on IBM is:
Answer:
20.4%
Explanation:
Calculation to determine what the expected return on IBM is:
Using this formula
E(Ribm)=Risk-free rate+(Market portfolio -Risk-free rate) Beta
Let plug in the formula
E(Ribm) = 6% +(18%-6%)1.2
E(Ribm)=6%+12%(1.2)
E(Ribm)=6%+14.4%
E(Ribm)=20.4%
Therefore the expected return on IBM is:20.4%
The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and: __________
a) direct expenses
b) indirect expenses
c) factory overhead
d) sales salaries expense
Answer:
C)) factory overhead
Explanation:
Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;
✓direct materials cost
✓ manufacturing overhead.
✓direct labor cost
It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company
It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.
Walters manufactures a specialty food product that can currently be sold for $21.50 per unit and has 19,500 units on hand. Alternatively, it can be further processed at a cost of $11,500 and converted into 11,500 units of Deluxe and 5,500 units of Super. The selling price of Deluxe and Super are $31.50 and $19.50, respectively. The incremental net income of processing further would be:
Answer:
the incremental net income of processing further is $38,750
Explanation:
The computation of the incremental net income of processing further is given below:
= (11,500 units × $31.50 + 5,500 units × $19.50 - $11,500) - ($19,500 × $21.50)
= ($362,250 + $107,250 - $11,500) - $419,250
= $38,750
Hence, the incremental net income of processing further is $38,750
The number of all credit-card holders in the U.S. is IN(a) million card holders and the collective amount of credit card debt that all credit-card holders carry is D(x) billion dollars, x years after 2010. The average credit card debt per card holder at year x is:
Answer: D(x) / IN(a)
Explanation:
If one wanted to find out the average credit card debt per card holder then the correct formula would be:
= Amount of debt that all credit card holders carry / Number of credit card holders
As the amount of debt that all credit card holders carry is denoted by D(x) and the number of credit card holders is IN(a), the average credit card debt per card holder is:
= D(x) / IN(a)
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called:
Answer:
organization expenses.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called organization expenses.
julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $127,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 10 years plus a lump-sum payment of $53,000 at the end of the 10-year period. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 11%. 1-b. If she can invest money at 11%, which option would you recommend that she accept
Answer:
a. i. Present value of first option = $127,000
ii. Present value of second option:
= Present value of $14,000 annuity + Present value of $53,000 lump sum.
Present value of annuity:
= Annuity * Present value interest factor of annuity, 11%, 10 years
= 14,000 * 5.8892
= $82,448.80
Present value of lump sum:
= 53,000 / ( 1 + 11%)¹⁰
= $18,665.77
Present value of second option = 82,448.80 + 18,665.77
= $101,114.57
b. She should take the first option. It has a larger present value.
