Answer: Setup time is dependent on the number of units subsequently produced.
Explanation:
It should be noted that a setup is a required activity and a set of activities. A setup time is also referred to as the changeover time.
The statement that "Setup time is dependent on the number of units subsequently produced" is false. The setup time refers to the interval that is needed to adjust the machine settings in order to make it ready to process a job. The setup time isn't dependent on the number of units that's subsequently manufactured.
What routine do the workers of the Party go through each day, which is a great example of herd-poisoning
Question is incomplete but here's what herd poisoning means so you could relate it
Answer and Explanation:
Herd poisoning occurs when an individual loses his sense of self amidst the crowd. The individual is like an ant following in the order of the whole group. There is less reasoning individually and more of what the group decides. Herd poisoning is like an intoxifying excitement and power that a person experiences by associating or giving away his sense of individuality and reasoning to the crowd. For this person, it is no longer about him but the group as a whole and whatever actions or reasoning are handled by the group together. It is a sort of negative mob mentality.
Fern, Inc., Ivy, Inc., and Jeremy formed a general partnership. Fern owns a 50% interest, and Ivy and Jeremy each own 25% interests. Fern, Inc. files its tax return on an October 31 year end; Ivy, Inc. files with a May 31 year end, and Jeremy is a calendar year taxpayer. Which of the following statements is true regarding the taxable year the partnership can choose?
a. The partnership must choose the calendar year because it has no principal partners.
b. The partnership must choose an October year-end because Fern, Inc., is a principal partner.
c. The partnership can request permission from the IRS to use a March 31 fiscal year under § 444.
d. The partnership must use the "least aggregate deferral" method to determine its taxable year.
e. None of the above.
Answer:
d. The partnership must use the "least aggregate deferral" method to determine its taxable year.
Explanation:
The least [tex]\text{aggregate }[/tex] deferral of income may be obtained by multiplying the LCC profit of every member for a year by the [tex]\text{number of months}[/tex] of the deferral which would arise through the selection of a proposed year end.
They must this method as the [tex]\text{partnership}[/tex] does not have any [tex]\text{majority partners}[/tex] and all the principal partners do not have same taxable year. The least [tex]\text{aggregate }[/tex] deferral method determines the required [tex]\text{taxable year}[/tex] of the partnership.
Thus, the correct option is (d).
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,000 cash and $51,600 of photography equipment in the company in exchange for common stock. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,280 cash. 20 The company received $3,700 cash in photography fees earned. 31 The company paid $878 cash for August utilities. Prepare general journal entries for the above transactions.
Answer and Explanation:
The journal entries are shown below:
(i) On August 1,
Cash A/c Dr. $12,000
photography equipment A/c Dr. $51,600
To common stock $63,600
(Being the issuance of common stock for cash and photography equipment is recorded)
(ii) On August 2,
Prepaid insurance A/c Dr. $3,900
To cash $3,900
(Being the cash paid in advance for insurance is recorded)
(iii) On August 5,
Office supplies A/c Dr. $2,280
To cash $2,280
(Being the cash paid for office supplies is recorded)
(iv) On August 20,
Cash A/c Dr. $3,700
To photography fees earned $3,700
(Being the photography fees earned is recorded)
(v) On August 31,
Utilities A/c Dr. $878
To cash A/c $878
(Being the cash paid for utilities)
If one U.S. dollar was worth 1.22 Canadian dollars when Sal went to a debate tournament in Toronto, and he had $300 in U.S. currency as spending money, how much was his money worth in Canadian dollars?
Answer:
366
Explanation:
300 x 1.22
You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $150 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 7.5% per year. Assume that the portfolio pays no dividends.
Required:
a. What percentage of the portfolio should be placed in bills?
b. What percentage of the portfolio should be placed in equity?
Answer:
sorry but I don't know sorry
Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. This is a request for
Answer:
mechanic's lien
Explanation:
From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.
Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.
Various financial data for SunPath Manufacturing for 2019 and 2020 follow.
2019 2020
Output: Sales $300,000 $330,000
Inputs: Labor 40,000 43,000
Raw Materials 45,000 51,000
Energy 10,000 9,000
Capital Employed 250,000 262,000
Other 2,000 6,000
Required:
What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2019 and 2020?
Answer:
-0.53191
Explanation:
The computation of the percentage change is given below:
Productivity
In the year 2019 is
= $300,000 ÷ (40,000 + 45,000)
= 3.5294118
In the year 2020 is
= $330,000 ÷ (43,000 + 51,000)
= 3.5106383
Now the percentage change is
= (3.5106383 - 3.5294118) ÷ 3.5294118
= -0.53191
The percentage change in the multifactor labor and raw materials productivity measure from 2019 to 2020 was -0.53%
The multifactor labor and raw materials productivity measure is calculated by the formula:
= Sales / (Raw materials + labor)
In 2019 this was:
= 300,000 / (40,000 + 45,000)
= 3.5294
In 2020 it was:
= 330,000 / (43,000 + 51,000)
= 3.5106
The percentage difference is:
= (3.5106 - 3.5294) / 3.5294
= -0.0188 / 3.5294
= -0.53 %
The percentage change was therefore -0.53%.
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The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $278,670 Gross profit 162,460 Cost of goods manufactured 139,340 Indirect labor 60,470 Factory depreciation 9,200 Materials purchased 85,830 Total manufacturing costs for the period 160,240 Materials inventory, ending 11,430Using the above information, determine the following missing amounts a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month
Answer:
a. Cost of Goods sold:
= Sales - Gross profit
= 278,670 - 162,460
= $116,210
b. Finished goods:
= Cost of Goods manufactured - Cost of goods sold
= 139,340 - 116,210
= $23,130
c. Direct materials cost
= Materials purchased - Ending materials inventory
= 85,830 - 11,430
= $74,400
d. Direct labor cost:
= Manufacturing costs - Direct materials cost - Factory overheads
= 160,240 - 74,400 - (Indirect labor + Depreciation)
= 160,240 - 74,400 - (60,470 + 9,200)
= $16,170
e. Work in process:
= Manufacturing costs - Cost of Goods manufactured
= 160,240 - 139,340
= $20,900
Take It All Away has a cost of equity of 10.60 percent, a pretax cost of debt of 5.31 percent, and a tax rate of 40 percent. The company's capital structure consists of 70 percent debt on a book value basis, but debt is 30 percent of the company's value on a market value basis. What is the company's WACC
Answer: 8.38%
Explanation:
When calculating Weighted Average Cost of Capital (WACC), use the market values.
WACC:
= (Cost of equity * Proportion of equity) + (After tax cost of debt * Proportion of debt)
If debt is 30% then equity will be 70%.
WACC = (10.60% * 70%) + ( 5.31% * (1 - 40% tax rate) * 30%)
= 7.42% + 0.9558%
= 8.38%
why is accouning a service industry
Answer:
Because it provides support but no tangible goods.
Explanation:
Have a great day! ^_^
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.5 pounds of the material, S5 uses 3.4 pounds of the material, and G9 uses 5.2 pounds of the material. Demand for all products is strong, but only 48,400 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 S5 G91 Selling price $ 178.15 $ 127.00 $ 214.40 Variable costs 103.00 93.00 152.00 Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filled first, then second, and then third
Answer:
Childress Company
K1 S5 G9
a. Contribution margin per pound $16.70 $10.00 $12.00
b. Order of production
First, K1
Second G9
Third S5
Explanation:
a) Data and Calculations:
Pounds of materials available = 48,400
K1 S5 G9
Pounds of materials per unit 4.5 3.4 5.2
Selling price $ 178.15 $ 127.00 $ 214.40
Variable costs 103.00 93.00 152.00
Contribution margin per unit $75.15 $34.00 $62.40
Contribution margin per pound $16.70 $10.00 $12.00
Identify the following costs as a prime cost, conversion cost, or both for an automobile manufacturer: a. Wages of employees that operate painting equipment b. Wages of the plant manager Prime cost c. Steel d. Oil used for assembly line machinery
Answer and Explanation:
The classification is shown below:
a. It is both prime and conversion cost
b. It is a conversion cost
c. It is a prime cost
d. It is a conversion cost
In this way these four transactions should be classified as the prime cost, conversion cost or both
The same should be considered and relevant
At the end of January, Mineral Labs had an inventory of 945 units, which cost $11 per unit to produce. During February the company produced 1,750 units at a cost of $15 per unit.
a. If the firm sold 2,550 units in February, what was the cost of goods sold?
b. If the firm sold 2,550 units in February, what was the cost of goods sold?
Answer: $34,470
Explanation:
a. Cost of goods sold for $2,550 units
The inventory sold will include the 945 units which cost $11 to produce.
It will get the rest from the 1,750 units which cost $15 to produce.
The remaining units are:
= 2,550 - 945
= 1,605 units
Total cost of goods sold:
= (945 * 11) + (1,605 * 15)
= 10,395 + 24,075
= $34,470
Would the following companies most likely use job order costing system or process costing system?
1. Paint manufacturer
2. Print shop
3. Caterer
4. Soft drink bottler
5. Yacht builder
Answer and Explanation:
The classification of the following terms to be job order costing system or process costing system
1. It is a process costing
2. It is a job order costing
3. it is a job order costing
4. It is a process costing
5. It is a job order costing
In this way, it should be categorized under the job order costing and the process costing system
The same should be relevant
The job order costing is a costing method used when the customers only order the products in small quantities while the process order costing usually occurs when the customers order the product in a larger quantity.
1. Paint manufacturer: This will be process costing since it's usually in large quantities.
2. Print shop: This will be a job order costing since it's usually in small quantities.
3. Caterer: This will be a job order costing since it's usually in small quantities.
4. Soft drink bottler: This will be process costing since it's usually in large quantities.
5. Yacht builder: This will be a job order costing since it's usually in smaller quantities.
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What happens when employees interact with policies, processes, and technologies and perform their role in the organization?
During the economic downturn of 2008-2009, the Federal Reserve a. took the unusual step of using open-market operations to purchase mortgages and corporate debt. b. explicitly set its target rate of inflation well above zero. c. used open-market operations to purchase mortgages and corporate debt, just as it frequently does even when the economy is functioning normally. d. explicitly set its target rate of inflation at zero.
Answer: a. took the unusual step of using open-market operations to purchase mortgages and corporate debt.
Explanation:
During the Great Recession of 2008 - 2009, the Fed realized that it could not sit idly by as it had done during the Great Depression of 1929 and so decided to take some drastic measures to rescue the financial system.
One such measure was the use of open market operations to buy mortgages and corporate debt. The Mortgage market crashing primarily the cause of the crises so the Fed bough them up trying to prop up the market with the hope that the real estate market would begin to recover.
Assume you are running a paid campaign and your original budget was $50,000 for the month. It's a 31-day month and you have spent $20,000 so far on days 1 - 11. On day 12, your client changes the monthly budget to $75,000. What should your new daily budget be?
Answer: $2750
Explanation:
The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.
Since $20000 has been spent, the remaining budget will be:
= $75000 - $20000
= $55000
Also, the money was spent for 11 days, therefore the number of days remaining will be:
= 31 - 11
= 20 days.
Therefore, the new daily budget for the month will be:
= $55,000 / 20 days
= $2,750
Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given this information sales growth forecasts will most likely affect growth in:
Answer: account receivable
Explanation:
The forecast in sales growth will most likely affect growth of the account receivable. Accounts receivable refers to the amount that's due to a business for the goods or services that were delivered to.a customer but.habent been paid for. It's s current asset.
The sale growth forecast will have an effect on the account receivable. An increase in sales growth will ultimately lead to an increase in the accounts receivable which implies that there will be more customers buying on credit.
what are the benefits of intrapreneurship to the Country
The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annual net cash flows $ 52,600 Depreciation method Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is
Answer:
$14,850
Explanation:
Depreciable amount = $158,000 - $5,000 = $153,000
Annual depreciation = $38,250
Annual net income = $53,100 - $38,250 = $14,850.
Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850
Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of -$4,300,000 Net Cash Flow from Financing Activities of $3,400,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow
Answer:
The Net Cash Flow is $9,300,000.
Explanation:
A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:
Ruston Company
Statement of Cash Flows
For the Year 2020
Details $'000
Net Income 9,100
Adjustments from Operating Activities 1,100
Net Cash Flow from Operating Activities 10,200
Net Cash Flow from Investing Activities (4,300)
Net Cash Flow from Financing Activities of 3,400
Net Cash Flow 9,300
Since the amount is in thousands, that implies that the Net Cash Flow is $9,300,000.
Meteor Tie Company produces ties from fabric according to Q = 10 + 4 F – (1/3) F 3. If fabric is free and ties sell for $20, what is Meteor’s optimal usage of fabric?
Answer:
The optimal usage of fabric = 2
Explanation:
Given the quantity, Q = 10 + 4F - (1/3) F^3
Selling price = $20
Profit = TR - TC
There is no variable cost and let the fixed cost is constant G.
Profit = PQ - G
Profit = 20(10 + 4F − (1/3)F^3)) - G = 0
Now take the first order derivative:
d(profit) / dF = 0
20(4 - F^2) = 0
F = 2
Therefore the optimal usage of fabric = 2
Devil's advocacy:_____.a. involves generating a plan and a counterplan that reflects plausible conflicting courses of action. b. includes downplaying the problems that could result from implementing a particular plan. c. hides the possible perils of a recommended course of action. d. involves generating a plan and a critical analysis of that plan. e. is an example of ivory tower planning.
Answer:
d. involves generating a plan and a critical analysis of that plan.
Explanation:
The devil's advocacy is a decision-making technique in which an individual in a group is permitted to become the critic in the decision that should be taken in near future. It prevents the group thinking and increased the high quality decision chances. Also it prevents in making expensive along with the risky decisions
So as per the given options, the option d is correct
South Africa mined 697,000 metric tons of aluminum in 2016. China mined 31,200,000
metric tons of aluminum in 2016. Which country had the absolute advantage?
A. South Africa
B. China
Answer:
China
Explanation:
Whenever a manufacturer can create an item or function in larger volume for the similar price, or even the same amount at a cheaper price, than other suppliers, he or she has an absolute advantage Large profits from commerce amongst suppliers of various commodities with differing absolute advantages might be based on absolute advantage.
Zoe is investing in her future. She knows her accounts, with just an initial deposit, are accruing interest constantly. Which formula would Zoe use to determine an estimate fo the future balance of her accounts
Answer:
continuous compound interest
Explanation:
Since in the question it is mentioned that zoe invested in her future and her interest is accrued constantly so here the formula that should zoe use in order to measure the estimated for the future balance is continuous compound interest as for the long time, the interest should be determined by this method
Randy and Sam orally agree to the sale of 1,000 pencils at $.25 each. This contract is Group of answer choices Enforceable Not enforceable because it is not in writing Enforceable only if Sam is a merchant Enforceable only if both parties are merchants
Answer:
Enforceable
Explanation:
Statute of frauds are legal requirements that a contract must have before it is considered to be enforceable.
Normally written contracts are required for transactions that are above $500, for sale of land, and transctions that last one year or longer.
The contract amount in the given scenario is (1000 pencils * $0.25) = $250
This amount falls below what is required for a written agreement. So an oral agreement can suffice in this case.
The contract is enforceable
Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process, Dec. 31, 2016 74,500 Direct Labor 58,500 Finished Goods, Dec. 31, 2016 125,000 Finished Goods, Jan. 1, 2016 158,000 Manufacturing Overhead 79,500 Direct Materials, Dec. 31, 2016 63,000 Work-in Process, Jan. 1, 2016 107,000 Purchases of Direct Material 95,000
Answer:
COGS= $154,500
Explanation:
First, we need to calculate the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 50,000 + 95,000 - 63,000= $82,000
cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000
cost of goods manufactured= $187,500
Now, the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 125,000 + 187,500 - 158,000
COGS= $154,500
The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry
Answer:
75%
Explanation:
Calculation to determine the four-firm concentration ratio for the dishware industry
Four-firm concentration ratio =18%+32%+11%+14%
Four-firm concentration ratio=75%
Therefore the four-firm concentration ratio for the dishware industry is 75%
Corporation ABC invested in a project that will generate $60,000 annual after-tax cash flow in years 0 and 1 and $40,000 annual after-tax cash flow in years 2, 3, and 4. Compute the NPV of these cash flows assuming that:
a. ABC uses a 10 percent discount rate.
b. ABC uses a 7 percent discount rate.
c. ABC uses a 4 percent discount rate.
Answer:
a. $204,940
b.$214,180
c. $224,480
Explanation:
a. Computation for the NPV of these cash flows assuming that ABC uses a 10 percent discount rate.
NPV= $60,000 + 0.909($60,000) + 0.826($40,000) + 0.751($40,000) + 0.683($40,000)
NPV=$60,000+$54,540+$33,040+$30,040+$27,320
NPV = $204,940
Therefore the NPV of these cash flows assuming that ABC uses a 10 percent discount rate is $204,940
b. Computation for the NPV of these cash flows assuming that ABC uses a 7 percent discount rate.
NPV=$60,000 + 0.935($60,000) + 0.873($40,000) + 0.816($40,000) + 0.763($40,000)
NPV=$60,000+$56,100+$34,920+$32,640+$30,520
NPV= $214,180
Therefore the NPV of these cash flows assuming that ABC uses a 7 percent discount rate is $214,180
c. Computation for the NPV of these cash flows
assuming that ABC uses a 4 percent discount rate.
NPV=$60,000 + 0.962($60,000) + 0.925($40,000) + 0.889($40,000) + 0.855($40,000)
NPV=$60,000+$57,720+$37,000+$35,560+$34,200
NPV= $224,480
Therefore the NPV of these cash flows
assuming that ABC uses a 4 percent discount rate is $224,480
You want to have $100,000 in 30 years to pay for your long-awaited cruise around the world. You open a savings bank account for this purpose, and you want to reach the above sum by making equal annual deposits. You will make the first deposit today and the last one in 30 years. You are assured to earn an EAR of 5% on money deposited in your account. Your annual payments should be (rounded to the nearest dollar):
Answer:
the annual payment should be $6,505
Explanation:
The computation of the annual payment should be
Annual Payment = P × r × (1+r)^n÷ (1+r)^n - 1
= 100,000 × 0.05 × (1 +0.05^)30 ÷ (1 + 0.05)^30 - 1
= 100,000× 0.05 × 4.32194237515 ÷ 4.32194237515 - 1
= $6,505
Hence, the annual payment should be $6,505
