Answer:
$42,000
Explanation:
Direct Labor per Unit = $5.60
Total Planning Budget Units = 7,500 Units
Direct Labor for Planning Budget = Total Planning Budget Units * Direct Labor per Unit
Direct Labor for Planning Budget = 7,500 Units * $5.60
Direct Labor for Planning Budget = $42,000
So, the direct labor in the planning budget for May would be closest to $42,000.
On November 1, clients of Great Designs Company prepaid $4,250 for services to be provided in the future at a rate of $85 per hour. a. Journalize the receipt of cash. If an amount box does not require an entry, leave it blank. Nov. 1 fill in the blank 15e2fafaf020002_2 fill in the blank 15e2fafaf020002_3 fill in the blank 15e2fafaf020002_5 fill in the blank 15e2fafaf020002_6 b. As of November 30, Great Designs shows that 15 hours of services have been provided on this agreement. Journalize the necessary adjusting entry. If an amount box does not require an entry, leave it blank. Nov. 30 fill in the blank 55e33803103f004_2 fill in the blank 55e33803103f004_3 fill in the blank 55e33803103f004_5 fill in the blank 55e33803103f004_6 c. Determine the total unearned fees in hours and dollars at November 30. Unearned fees in dollars $fill in the blank b5fba80a1040fa8_1 Unearned fees in hours fill in the blank b5fba80a1040fa8_2 hours
Answer:
Total unearned fees in dollars at November 30 = $2975
Total unearned fees in hours at November 30 = 35 hours
Explanation:
considers the problem of building railway tracks under the assumption that pieces fit exactly with no slack. Now consider the real problem, in which pieces don’t fit exactly but allow for up to 10 degrees of rotation to either side of the "proper" alignment. Explain how to formulate the problem so it could be solved by simulated annealing
Answer:
By using simulated annealing we will sample the next state, evaluate and take the next state according to the probability e^Δv
Value function ( V ) = ( a * number of gaps ) + ( b * number of misconnected pieces ) + ( c * sum of sizes of gaps )
a,b,c = adjustable
Explanation:
In order to solve this problem by simulated annealing
First condition : assuming that pieces of the railways tracks fit exactly with no slack
Assume a state configuration of 32 pieces, use of discrete operations whose function is to remove pieces and reconnect it somewhere else without slack , we will also consider a continuous operations to help change angles to real values
Second condition : considering a real problem
This condition can be considered to be a closed loop because when one joint is moved all other joints are moved, here we will consider using a heuristic function
By using simulated annealing we will sample the next state, evaluate and take the next state according to the probability e^Δv
Value function ( V ) = ( a * number of gaps ) + ( b * number of misconnected pieces ) + ( c * sum of sizes of gaps )
a,b,c = adjustable
The following static budget is provided: Units 22,000 Units Sales $ 220,000 Less variable costs: Manufacturing costs $ 77,000 Selling and administrative costs $ 50,600 Contribution margin $ 92,400 Less fixed costs: Manufacturing costs $ 26,400 Selling and administrative costs $ 20,900 Net income $ 45,100 What will budgeted net income equal if 20,000 units are produced and sold
Answer:
$43,064
Explanation:
Sales $220,000 / 22,000 × 20,000
$200,000
Variable costs $77,000 / 22,000 × 20,000
($63,636)
Selling and admin $50,600 / 22,000 × 20,000
($46,000)
Manufacturing cost fixed
($26,400)
Selling and admin fixed
($20,900)
Net income
$43,064
Therefore, budgeted net income will equal $43,064 if 20,000 units are produced and sold.
The demand for fax machines has been estimated to be Q = 1,000 – P + 40 L, where P is the price of the machines and L is the average cost of a 10-minute midday call from Los Angeles to New York. At a fax machine price of $400 and a phone call cost of $10, the cross-price elasticity of demand for fax machines with respect to the price of phone service is:
Answer:
Cross-price elasticity of demand for fax machine with respect to the price of phone service is 0.412
Explanation:
+ If the cost of a phone call is $10, according to the equation, fax machines demand would be: 1000 - 400 + 40 * 10 = 1,000
+ If the cost of the call is to be increase by 10% which is 10 x 1.1 = $11, fax machines demand would be : 1000 - 400 + 40 *1.1 = 1,040
+ Cross-price elasticity of demand for fax machine with respect to the price of the phone services is calculated as: % change in demand / % change in price; in which:
% change in price = (change in price) / [( original price + price after change)/2] = 1 / [(10+11)/2] = 9.52%
% change in quantity = (change in quantity) / [ (original quantity + quantity after change)/2] = 40 / [ (1000 +1040) /2 ] = 3.92%
So, cross price elasticity = 3.92% / 9.52% = 0.412.
If Medicaid is expanded to cover a greater percentage of the population: the public debt will immediately increase. implicit liabilities will increase. implicit liabilities will decrease. implicit liabilities will be unaffected.
Answer: implicit liabilities will increase.
Explanation:
Implicit liabilities are incurred by government as a result of them having to take care of their citizens. Medicaid is one such liability.
If the government were to expand the percentage of people in the country that are to be covered by medical aid, this would mean that more Medicaid will be paid by the government which means that the implicit liabilities will increase.
Pick the correct statement from below. Multiple Choice The risk-free rate represents the change in purchasing power. Any return greater than the inflation rate represents the risk premium. Historical real rates of return must be positive. Nominal rates exceed real rates by the amount of the risk-free rate. The real rate must be less than the nominal rate given a positive rate of inflation.
Answer:
The real rate must be less than the nominal rate given a positive rate of inflation.
Explanation:
As we know that
nominal rate = real rate + inflation
Nominal rate of return is a total of real rate of return and the inflation rate
In the case when the inflation rate is positive so the real rate should be lowered by the nominal rate of return
Therefore the last option is correct
On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bushels of wheat when he hires 3 workers. Which of the following possibilities is consistent with the property of diminishing marginal product?
a. The farmer is able to produce 5,600 bushels of wheat when he hires 4 workers.
b. The farmer is able to produce 5,400 bushels of wheat when he hires 4 workers.
c. The farmer is able to produce 5,200 bushels of wheat when he hires 4 workers.
d. Any of the above could be correct
Suppose that people expect inflation to equal 3% but instead prices rise by 5%. Which of the following parties would be helped by this unexpectedly high inflation?
a. the government
b. a homeowner with a fixed-rate mortgage
c. a union worker in the second year of a labor contract d. a college that has invested some of its endowment in government bonds
Answer: b. a homeowner with a fixed-rate mortgage
Explanation:
Inflation erodes the value of money such that $1 today is stronger than $1 a year from now. When mortgage rates are calculated, they take into account the expected inflation rates so that the interest payments will not be smaller than they should be as inflation increases.
If inflation increases more than it was expected to have increased therefore, a person paying a fixed rate would benefit because they would be paying less in effect on account of inflation having made their payments weaker.
How would you handle a situation where a client refused to accept your designs and told you to make changes that would significantly harm the quality of your work?
Answer:
Explanation:
The best thing to do in this situation would be to explain to your client why your design is the best fit for what is needed and give them detailed technical reasons. If this still does not convince them, then give them a step-by-step explanation/demonstration as to how the quality of the work will be decreased if the changes are made. If this still does not change their mind, then you will need to make the changes and deliver the adjusted work as requested by the client since they are the one that is paying.
Hot Shot Delivery Inc. provides the following year end data:
2020 2019
Cash $65,000 $38,000
Accounts Receivable 60,000 39,000
Merchandise Inventory 66,000 26,000
Property, Plant & Equip 219,000 154,000
Total Assets 410,000 257,000
Sales Revenue $530,000
Cost of Goods Sold 180,000
Interest Expense 30,000
Net Income 112,000
Calculate the rate of return on total assets for 2018.
a. 55.3%.
b. 52.5%.
c. 42.6%.
d. 27.3%.
Answer:
c. 42.6%
Explanation:
Average total assets = $410,000+$257,000/2
Average total assets = $667,000
Average total assets = $333,500
Net income = $112,000
Interest expenses = $30,000
Return on total assets = Net income + Interest expenses / Average total assets
Return on total assets = $112,000 + $30,000 / $333,500
Return on total assets = 0.42388060
Return on total assets = 42.39%
n economy has three industries, farming, building, and clothing. For every dollar of food produced, the farmers use $0.1, the builders use $0.05, and the tailors use $0.05. For every dollar of building, the builders use $0.05, the farmers use $0.11, and the tailors use $0.13. For every dollar of clothing produced, the tailors use $0.06, the builders use $0.15, and the farmers use $0.1. If the external demand for food is $260 million, for building is $200 million, and for clothing is $120 million, what should be the total production for each industry
Answer:
Please find the complete question for the solution:
Explanation:
Using formula:
[tex]\text{Production for each industry = External demand} \div \%\ \text{to meet external demand}[/tex]
[tex]- \ \ \ \ \ \ \ \ \ \ Farming \ \ \ \ \ \ \ \ \ \ Building \ \ \ \ \ \ \ \ \ \ Clothing \ \ \ \ \ \ \ \ \ \ \text{Remaining \% to meet external demand}\\\\\text{For every \$ of:}\\\\\\ Food \ produced \ \ \ \ \ \ 7\% [(\frac{\$0.07}{\$1})\times 100] \ \ \ \ \ \ 3\% [(\frac{\$0.03}{\$1})\times 100] \ \ \ \ \ \ \ 6\% [(\frac{\$0.06}{\$1})\times 100 \ \ \ \ \ 84\%\\\\[/tex]
[tex]Building\ \ \ \ \ \ \ \ 5\% [(\frac{\$0.05}{\$1})\times 100] \ \ \ \ \ \ \ \ 5\ [\frac{\$0.05}{\$1})\times 100] \ \ \ \ \ \ \ \ \ \ 13\% [(\frac{\$0.13}{\$1})\times 100]\ \ \ \ \ \ \ \ \ \ 77\%\\\\Clothing\ produced \ \ \ 18\% [(\frac{\$0.18}{\$1})\times 100]\ \ \ 4\% [(\frac{\$0.04}{\$1})\times 100]\ \ 13\% [(\frac{\$0.13}{\$1})\times 100] \ \ 65\%\\\\[/tex]
So, the answer is:
[tex]\text{Farming production} (\$170\ mil \div 84\%)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$202.38\ million\\\\\text{Building production} (\$140\ mil \div 77\%)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$181.82 \ million\\\\\text{Clothing production} (\$240\ mil \div 65\%)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$369.23\ million\\\\[/tex]
The total production for each industry is as follows:
Food Building Clothing
(Million) (Million) (Million)
Total production $325 $281.69 $173.91
How is total production determined?The total production for each industry is determined by dividing the external demand by external usage per dollar.
The external usages per dollar are the differences between what the primary producers consumed or used and the total production per dollar.
Data and Calculations:Food Building Clothing
Farmers' usage $0.1 $0.11 $0.10
Builders' usage $0.05 $0.05 $0.15
Tailors' usage $0.05 $0.13 $0.06
External usage $0.80 $0.71 $0.69
External demand $260 $200 $120
Total production $325 $281.69 $173.91 ($120/$0.69)
Thus, the total production for each industry is Food, $325 million, Building, $281.69 million, and Clothing, $173.91 million.
Learn more about production and consumption https://brainly.com/question/4978509
Your project is split into two teams across two different continents. They understand the work to be completed, as well as communication processes. But they still often argue about how the work should be accomplished and who should make decisions. Given what you know, what is the most likely cause for these issues?
Answer:
Your project is split into two teams across two different continents. They understand the work to be completed, as well as communication processes. But they still often argue about how the work should be accomplished and who should make decisions. Given what you know, what is the most likely cause for these issues?
cultural differences
Explanation:
g The semistrong-form of the efficient market hypothesis implies that _____ _generate abnormal returns and ______ generate abnormal returns.\
Answer:
✓Technical analysis cannot
✓fundamental analysis cannot
Explanation:
The efficient-market hypothesis can be regarded as hypothesis in financial economics, this hypothesis stress it that asset prices will definitely reflect all available information. This implies that "beating the market" consistently on a risk-adjusted basis is quite impossible, since price in the market
supposed to react to new information only.
this theory comes in different versions such as;
✓weak
✓semi-strong
✓ and strong.
The semi-strong form has the belief since calculation of a stock's current price is been done using information that is public, utilization of technical or fundamental analysis by investors to gain higher returns in the market could be impossible.
It should be noted the semistrong-form of the efficient market hypothesis implies that Technical analysis cannot
generate abnormal returns and fundamental analysis cannot
generate abnormal returns.
true false greater than 11 percent a bond with an $100 annual interest payment with five years to maturity would sell for a premium if interest rates were below 9 percent
Answer:
True
Explanation:
Since annual interest payment, coupon payment, is $100, it shows that the face value of the bond is $1,000, effectively the coupon rate is 10%($100/$1000) whereas the discount rate which is the yield to maturity with which to present value the future cash flows is below 9%, and when coupon rate is greater than the yield, the bond sells at a premium to its face value.
Since the coupon rate is higher it is safe to conclude that the bond would sell at a premium
The master budget includes individual budgets for sales, production or merchandise purchases, various expenses, capital expenditures, and cash.
A. True
B. False
Answer: True
Explanation:
The statement that the master budget includes the individual budgets for the sales, production or merchandise purchases, various expenses, capital expenditures, and cash is true.
It should be noted that the master budget consists of the budgets of the lower-level that can be found in an organization, the cash flow forecasts, and a financial plan.
The master budget gives firm a wider view of its finances and is used in making organizational decisions.
Del Gato Clinic's cash account shows a $11,905 debit balance and its bank statement shows $10,732 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,264. The June 30 bank statement lists a $70 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $589 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $598. The June 30 cash receipts of $2,376 were placed in the bank night depository after banking hours and were not recorded on the June 30 bank statement.
1. Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation.
2. Prepare a bank reconciliation for Del Gato Clinic using the above information.
Answer:
Del Gato Clinic
1. Adjusting Journal Entries:
Debit Bank service charge $70
Credit Cash $70
To record bank service charge for the month.
Debit Cash $9
Credit Utilities $9
To correct overstated check No. 919.
2. Bank Reconciliation Statement as of June 30
Balance as per adjusted cash account $11,844
Add Outstanding checks for the month 1,264
Less Uncredited deposits (2,376)
Balance as per bank statement $10,732
Explanation:
a) Data and Calculations:
Cash account debit balance = $11,905
Bank statement balance = $10,732
Outstanding checks for the month = $1,264
Bank service charge = $70
Overstated check No. 919 = $9 ($598 - $589)
Uncredited deposits = $2,376
Cash Account Adjustments:
June 30 Balance = $11,905
Bank service charge = (70)
Overstated check No. 919 = 9
Adjusted cash account balance $11,844
On January 1, Wei company begins the accounting period with a $33,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $7,400 in customer accounts was uncollectible; specifically, $1,200 for Oakley Co. and $6,200 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $1,200 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received.
Answer and Explanation:
The journal entries are shown below:
a.
Feb 1
Allowance for doubtful accounts $7,400
To Account receivable-Oakley Co $1,200
To Account receivable-Brookes Co $6,200
(being written off is recorded)
b)
On June 5
Account receivable-Oakley CO $1,200
To Allowance for doubtful accounts $1,200
(Being amount reinstated is recorded)
On June 5
Cash $1,200
Account receivable-Oakley CO $1,200
(Being the cash received is recorded)
Future Value of Multiple Annuities Assume that you contribute $150 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $350 per month for another 20 years. Given an 8 percent interest rate, what is the value of your retirement plan after 40 years
Answer:
$641,455.26
Explanation:
Calculation to determine the value of your retirement plan after 40 years
First step is to determine FV Using financial calculator
N = 40*12 = 480
I = 8%/12 = .6667
PV = 0,
PMT = $150
CPT FV =$523,651.17
N = 20*12 = 240
I = 8%/12 = .6667
PV = 0
PMT = $200 ($350 - $150)
CPT FV =$117,804.08
Now let determine the value of your retirement plan after 40 years
Sum of FV =$523,651.17+$117,804.08
Sum of FV =$641,455.26
Therefore the value of your retirement plan after 40 years will be $641,455.26
Explain the difference between a Trade discount and Cash discount?
Answer:
Explanation:
A trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product, whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but no for a trade discount.
what is management report
Answer:
A management report is a collection of data and operational information from various business departments that is presented in an understandable way, allowing managers to make better-informed decisions.
Explanation:
A company issued $300,000, 10-year, 10 percent bonds at 105. What is the total amount of interest expense that will be recorded over the life of these bonds
Answer:
$285,000
Explanation:
Interest paid in cash = $300,000 *10%*10 years
Interest paid in cash = $300,000
Premium received = $300,000/100*5
Premium received = $15,000
Net interest expense in life of bonds = Interest paid in cash - Premium received
Net interest expense in life of bonds = $300,000 - $15,000
Net interest expense in life of bonds = $285,000
The journal entry to record the accrual of factory utilities is to: Multiple choice question. debit Factory Overhead and credit Utilities Payable debit Utilities Payable and credit Factory Overhead debit Factory Overhead and credit Cash debit Cash and credit Factory Overhead
Answer:
debit Factory Overhead and credit Utilities Payable
Explanation:
The journal entry to record the accrual of factory utilities is to: Debit Expense Account - Factory Overhead and Credit Liability Account -Utilities Payable.
Bloom Company management predicts that it will incur fixed costs of $251,000 and earn pretax income of $365,100 in the next period. Its expected contribution margin ratio is 61%. Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs
Answer and Explanation:
The computation is shown below;
a. The amount of the total dollar sales is
Pretax income = Sales value - Variable cost - Fixed cost
where,
Sales value - variable cost = Contribution margin
$365,100 = Contribution margin - $251,000
So,
Contribution margin = $616,100
Now
Contribution margin = Sales value × Contribution margin ratio
$616,100 = Sales value × 61%
So,
Sales value = $1,010,000
b. The total variable cost is
= Sales - fixed cost - pre tax income
= $1,010,000 - $251,000 - $365,100
= $393,900
Differentiate between a defined contribution pension plan and a defined benefit pension plan. Explain how the employer's obligation differs between the two types of plans.
Answer:
Differences Between a Defined Contribution Pension Plan and a Defined Benefit Pension Plan.
With a defined contribution pension plan, the benefit that will accrue to the employee is not known or defined ahead of her retirement. But the contributions that will be made by the employer and the employee to fund the pension are clearly spelt out.
With a defined benefit pension plan, the benefit (i.e. the monthly payment to the retiree) is stated ahead of the pension time. It is based on the employee's tenure and salary. Employees do not contribute to the plan but are entitled to lifetime monthly payments.
Explanation:
The employer and each employee contribute some certain percentages to each worker's individual retirement account (IRA) under the defined contribution pension plan. Under the defined benefit pension plan, the employer is solely responsible for funding the plan and the employee benefits via a monthly payment from the funding plan during retirement.
The following information is available for Culver Corporation. 2022 2021 Current assets $ 64,500 $ 40,300 Total assets 243,000 208,000 Current liabilities 25,000 32,500 Total liabilities 65,610 76,960 Net income 82,600 49,925 Net cash provided by operating activities 92,600 58,600 Preferred dividends 6,685 6,685 Common dividends 5,600 4,100 Expenditures on property, plant, and equipment 29,600 14,600 Common shares outstanding at beginning of year 42,500 32,600 Common shares outstanding at end of year 78,000 42,600 (a) Compute earnings per share for 2022 and 2021 for Culver. (Round Earnings per share to 2 decimal places, e.g. $2.78.)
Answer and Explanation:
The earning per share for 2022 and 2021 is presented below:
For the year 2022
= ($82,600 - $6,685) ÷ (42,500 + 78,000) ÷ 2
= ($75,915) ÷ (60,250)
= 1.26
For the year 2021
= ($49,925 - $6,685) ÷ (32,600 + 42,600) ÷ 2
= ($43,240) ÷ (37,600)
= 1.15
The same should be considered and relevant
You notice that the price of Blu-ray players falls and the quantity of Blu-ray players sold increases. You suspect that _____ Blu-ray players shifts to the _____. demand for; left supply of; left demand for; right supply of; right
Answer:
supply of; right
Explanation:
When the supply curve shifts rightward, there would be a rightward shift of the supply curve. As a result of the rightward shift, supply would increase and the price falls.
When the price of a good falls, the quantity demanded increases. This is in line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Thus, when the price of blue ray players fall, there would be an increase in the quantity of demanded. there would a movement down along the demand curve.
Assuming no interactions, the main effects analysis of a one-half fractional factorial experiment compared to a comparable full factorial experiment yields which of the following outcomes?
a. Only the full factorial is accurate
b. The one-half factorial gives one-half of the final outcome
c. Both can be calculated but computer software is required
d. Both results are approximately the same
Answer:
d. Both results are approximately the same
Explanation:
As there is no interaction
One-half factorial will give half of the result of the experiment.
When there is a lack of resources, we also do the one-half factorial to complete the full factorial experiment.
Hence, both provide the approximately same outcomes of the experiment.
Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $2,000 as a one-time payment to secure her performance of duties under the lease. This $2,000 is known as _____.
Answer:
Security Deposit
Explanation:
Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.
Suppose that a country follows a managed-float policy but that its exchange rate is currently floating freely. In addition, suppose that it has a massive current account deficit.
a. Other things equal, are its official reserves increasing, decreasing, or staying the same?
b. If it decides to engage in a currency intervention to reduce the size of its current account deficit, will it buy or sell its own currency?
c. As it does so, will its official reserves of foreign currencies get larger or smaller?
Answer:
Find the explanation and answer below
Explanation:
A - Its official reserves staying the same. Why? - Currency is expected to depreciate if the current account is in deficit under a floating exchange rates system because current account deficit tells us that there is a small demand for the country’s exports and its currency. The government does not intervene in the foreign exchange market under this system, thus the official reserve does not change
B - Sell its own currency. Why? - Because of the above reason, it needs to sell its currency to reduce the deficit.
C - Its official reserves of foreign currency get larger if it sells its currency because it will receive foreign-denominated currency.
A DuPont analysis is conducted using the DuPont equation, which helps to identify and analyze three important factors that drive a company’s ROE. According to the equation, which of the following factors directly affect a company’s ROE? Check all that apply. Total Assets / Total Common Equity Net Income / Sales Price per Share / Earnings per Share
Answer:
Total Assets / Total Common Equity
Explanation:
Depend upon theDu Pont Equation,
The following formula should be used
ROE = Net profit margin × Total asset turnover × Equity multiplier
And,
ROE = (Net profit ÷ Sales) × (Sales ÷ Total Assets) × (Assets ÷ Equity)
So as per the above formula, the above answer should be considered
