The best and the most secure way to dock a boat in a dockyard is by :
moving the boat parallelly along the dock, and approaching towards the dock slowly.A dockyard is a place where ships and boats are sheltered and it provides a secure place to dock or station your boat and a secure place to access the boat.
Now when the current is pushing your boat towards the dock, the best way to dock your boat is :
Allow the current of the water to carry the boat towards the dock.We have approach slowly and parallelly towards the dock.We can also shift the gears whenever we need to adjust the position of the boat.We have to secure the bow lines as well as the stern lines.Learn More :
https://brainly.com/question/17119140
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,733, accounts payable of $95,119, common stock of $400,875, retained earnings of $500,644, inventory of $206,573, other assets equal to $76,981, net plant and equipment of $707,919, short-term notes payable of $30,000, and accounts receivable of $142,431.
Answer:
$131,999
Explanation:
i. Total Assets = Cash + Inventory + Accounts receivable + Other Assets + Net plant and Equipment
Total Assets = $24,733 + $206,573 + $142,431 + $76,981 + $707,919
Total Assets = $1,158,637
ii. Current liabilities = Accounts payable + Short term debt
Current liabilities = $95,119 + $30,000
Current liabilities = $125,119
iii. Common stock = $400,875
iv. Retained Earnings = $500,644
Long term debt = Total Assets - [Common stock + Retained earnings + Current liabilities]
Long term debt = $1,158,637 - [$400,875 + $500,644 + $125,119]
Long term debt = $1,158,637 - $1,026,638
Long term debt = $131,999
Employees earn vacation pay at a rate of one day per month. The company estimated and must expense $1,500 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?
a) Debit Vacation Benefits Expense $1,500; credit Prepaid Vacation $1,500.
b) Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500.
c) Debit Payroll Tax Expense $1,500: credit Payroll Taxes Payable $1.500.
d) Debit Prepaid Vacation Benefits $1,500; credit Vacation Benefits Payable $1,500
Answer:
b) Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500.
Explanation:
The journal entry to record the accrued vacation benefit is given below:
Vacation Benefits Expense $1,500
To Vacation Benefits Payable $1,500
(being the accrued vacation benefit is recorded)
Here vacation benefit expense is debited as it increased the assets and credited the vacation benefit payable as it also increased the liabilities
Revising for clarity is an important revision task. Clear messages are immediately understood and appreciated. To improve the clarity of your message, keep your sentences short and simple, and dump trite business phrases.
Which of the following sentences employ the KISS formula? Check all that apply.
We are processing your request to the best of our abilities.
Our company is pleased to have processed your request.
Your request is noteworthy and has been processed through the correct channels.
Your request has been processed.
The trite business phrase as per your request can be revised as .
Determine which revision of each the following sentences provides the most clarity.
I would like to take this opportunity to inform you that the changes to your account will post soon.
As per your verbal instruction, changes to your account will post on Tuesday.
I am taking this opportunity to inform you that changes to your account will post on Tuesday.
The changes to your account will post on Tuesday.
Pursuant to your request, the sales managers will be a ubiquitous presence in case they are needed.
Every effort will be made for sales managers to be available if needed.
Sales managers are available if needed.
Per your request, the sales managers should be an omnipresent presence if needed.
Which sentence provides the most clarity?
Mary, from human resources, would like to explain the changes with reference to your employee benefits.
Mary, from human resources, will explain the changes to your employee benefits.
In accordance with company policy, the human resources associate would like to codify the new employee benefits information.
Answer:
ANSWERS TO PART A: Sentence 2 and Sentence 4
ANSWER TO PART B: Sentence 3
ANSWER TO PART C: Sentence 3
ANSWER TO PART D: Sentence 2
Explanation:
In Part A, which of the sentences employs the Keep It Short & Simple formula?
We start by labelling the sentences and then selecting the right answers.
Remember the rules are that the sentences must not be long and complex and also must not contain trite business phrases.
1. We are processing your request to the best of our abilities.
2. Our company is pleased to have processed your request.
3. Your request is noteworthy and has been processed through the correct channels.
4. Your request has been processed.
PART B: Which sentence provides the most clarity?
1. I would like to take this opportunity to inform you that the changes to your account will post soon.
2. As per your verbal instruction, changes to your account will post on Tuesday.
3. I am taking this opportunity to inform you that changes to your account will post on Tuesday.
4. The changes to your account will post on Tuesday.
PART C: Which sentence provides the most clarity?
1. Pursuant to your request, the sales managers will be a ubiquitous presence in case they are needed.
2. Every effort will be made for sales managers to be available if needed.
3. Sales managers are available if needed.
4. Per your request, the sales managers should be an omnipresent presence if needed.
PART D: Which sentence provides the most clarity?
1. Mary, from human resources, would like to explain the changes with reference to your employee benefits.
2. Mary, from human resources, will explain the changes to your employee benefits.
3. In accordance with company policy, the human resources associate would like to codify the new employee benefits information.
It is a hot day, and Bert is thirsty. Here is the value he places on each bottle of water: Value of first bottle $7, Value of second bottle $5, Value of third bottle $3, Value of fourth bottle $1
a. From this information, derive Bert’s demand schedule. Graph his demand curve for bottled water.
b. If the price of a bottle of water is $4, how many bottles does Bert buy? How much consumer surplus does Bert get from his purchases? Show Bert’s consumer surplus in your graph.
c. If the price falls to $2, how does quantity demanded change? How does Bert’s consumer surplus change? Show these changes in your graph.
Answer:
a. Please check the attached image for the diagram
b. He would buy 2 bottles
$4
Please check the attached image for the diagram
c. he demands 3 bottles. his demand increases by 1 bottle
his consumer surplus changes to $3. It reduces by $1
Please check the attached image for the diagram
Explanation:
The demand schedule is a table that shows the relationship between price and quantity demanded of a consumer. It can be seen that the higher the price, the lower the quantity demanded. This is in line with the law of demand.
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. 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.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
the price of the good is $4 and when price is $7, he would purchase a bottle and when it is $5, he would buy a second bottle.
Thus, he would buy 2 bottles when the price is $4
Currently, the unit selling price of a product is $350, the unit variable cost is $290, and the total fixed costs are $780,000. A proposal is being evaluated to increase the unit selling price to $390.
Required:
a. Compute the current break-even sales (units).
b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased to the proposed $390, and all costs remain constant.
Solution :
a). [tex]\text{The contribution margin per unit = }[/tex][tex]\text{selling price per unit - variable cost per unit}[/tex]
= $ 350 - $ 290
= $60
The current break even sales = [tex]$\frac{\text{fixed cost}}{\text{contribution margin per unit}}$[/tex]
[tex]$=\frac{780,000}{60}$[/tex]
= 13,000 units
Therefore, the current break-even sales (units) = 13,000 units
b). The Contribution Margin Ratio = Selling Price Per Unit - Variable Cost Per Unit
= $390 - $290
= $ 100
[tex]$\text{Break even sales}=\frac{\text{fixed cost}}{\text{contribution margin per unit}}$[/tex]
[tex]$=\frac{780,000}{100}$[/tex]
= 7,800 units.
So, the answer is 7800 units.
Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access the deposit, which is estimated to contain 2,000,000 tons and is expected to take 5 years to extract. What journal entry would be needed to record the expense for the first year assuming 418,000 tons were mined
Answer and Explanation:
the journal entry is given below:
Depletion Expense $1,358,500
To Accumulated Depletion $1,358,500.
(Being depletion expense is recorded)
Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets
Working note
Depletion expense is
= ($5,900,000 + $600,000) ÷ $2,000,000 × 418,000
= $1,358,500
Costs: Costs in beginning Work in Process - Direct Materials: $58,000. Costs in beginning Work in Process - Conversion: $63,850. Costs incurred in February - Direct Materials: $388,250. Costs incurred in February - Conversion: $614,150. Calculate the cost per equivalent unit of materials.
Answer: $2.05 per unit
Explanation:
First find out the Equivalent units for materials:
= Units started and completed + Ending work in process
= 180,000 + 37,500
= 217,500 units
Find out total cost of materials:
= Costs in beginning Work in Process for materials + Cost incurred in February
= 58,000 + 388,250
= $446,250
Cost per equivalent unit:
= Total costs / Equivalent units
= 446,250 / 217,500
= $2.05 per unit
Given the following information, determine the amount of cash on the balance sheet, assuming that the company has only three assets.
Liabilities equal $3,350
Owner's equity equals $28,000
Supplies equal $2,000
Land equals $23,500
Answer:
Cash balance = $5850
Explanation:
Below is the given values and calculations:
Liabilities = $3350
Equity = $28000
Supplies = 2000
Land = $23500
Cash on the balance sheet can be determined by subtracting the sum of supplies and land from the sum of liability and equity.
Cash balance = (28000 + 3350) - (2000 + 23500)
Cash balance = $5850
Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 9% with semiannual payments of $45, and a par value of $1,000. The price of each bond in the issue is $1,180.00. The bond issue is callable in 5 years at a call price of $1,090.
Required:
a. What is the bond's nominal annual yield to maturity (YTM)?
b. What is the bond's nominal annual yield to call (YTC)?
c. Assuming interest rates remain at current levels, will the bond issue be called?
Answer:
a. Nper = 30
PMT = 45
FV = `1000
Price Pv = -1180
Rate (YTM) = ?
Using the MsExcel Rate function to derive YTM
Nominal annual yield to maturity = Rate(Nper, Pmt, -Pv, Fv) * 2
Nominal annual yield to maturity = Rate(30, 45, -1180, 1000) * 2
Nominal annual yield to maturity = 7.04%
b. Nper = 10
PMT = 45
Call Price = 1090
Price Pv = -1180
Rate (YTC) = ?
Using the MsExcel Rate function to derive YTM
Nominal annual yield to call = Rate(Nper, Pmt, -Pv, Fv) * 2
Nominal annual yield to call = Rate(10, 45, -1180, 1090) * 2
Nominal annual yield to call = 6.31%
C. Yes, the bond issue should call because the YTC is less than the YTM.
Take 2014 as the price index base year. That year, you paid $80 for a day at a theme park. In 2015, the price was up to $84. Assuming that the increase reflects the inflation rate and that this rate continues in 2016, match each number to its description.
a. the 2016 price index
b. the 2015 price index
c. the inflation rate as a percentage.
d. the cost of a theme park visit in 2016 dollars:
1. 88.20
2. 110.2
3. 105
4. 5
Answer:
a. 110.2
b. 105
c, 5%
d. 88.2
Explanation:
Price index measures the changes in price level over time. It is measure of inflation.
Price index = (price of good in a given year / price of good in the base year) x 100
Types of price indexes
1. Producer price index measures the goods and services produced. this would not increase because it is used cars that is being examined
2. The consumer price index measures the changes in price of a basket of good.
Inflation is a persistent rise in the general price levels
Inflation rate = (change in prices / previous years price) x 100
Types of inflation
1. Demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. Cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
a. (88.2 / 80) x 100 = 110.25
b. (84 / 80 x 100) = 105
c. (84 / 80) - 1 = 5%
d. 1.05 x 84 = 88.2
The most common measure of __________ is the spread between the number of shares which advance in price and the number of shares which decline in price.
A. market breadth
B. market volume
C. odd-lot trading
D. short interest
Answer:
A)market breadth
Explanation:
Breadth of market can be regarded as indicator that is been utilized in security analysis. It can be computed on a stock market through finding the ratio of advancing stocks numbers to that of number of declining stocks.
It should be noted that the The most common measure of market breadth is the spread between the number of shares which advance in price and the number of shares which decline in price.
The ACogs-153 company has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 24,000 $ 19,000 Finished goods $ 53,000 $ 57,000 Additional information: Direct materials $ 64,000 Direct labor cost $ 94,000 Manufacturing overhead cost incurred $ 70,000 Manufacturing overhead cost applied to Work in Process $ 68,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The company's adjusted cost of goods sold (that is, cost of goods sold adjusted for underapplied or overapplied overhead) for May is:
Answer:
$209,000
Explanation:
Schedule of Cost of goods manufactured
Particulars Amount
Direct materials $64,000
Direct labor cost $94,000
Manuf. overhead cost applied to WIP $68,000
Total manufacturing costs $226,000
Add: WIP Inventory, Beginning $24,000
Less: WIP Inventory, Ending $19,000
Cost of goods manufactured $231,000
Add: Beginning Finished goods $53,000
Less: Ending Finished goods $57,000
Unadjusted cost of goods sold $207,000
Add: Underapplied manuf. overhead $2,000 ($70,000-$68,000)
Adjusted cost of goods sold $209,000
Productivity measures Group of answer choices the changes in real wealth caused by price level changes the amount of capital goods used per worker. per-unit production costs. real output per unit of input.
Answer:
The correct answer is the last option: Real output per unit of input.
Explanation:
To begin with, in the microeconomics and business management field the concept known as "productivity" refers to the measurement related to the efficiency of production of goods or services and it is most commonly expressed as a ratio of an aggregate output to a single input so therefore that this index is very important to the companies and the governments in order to understand how the production can improve and more important how can evolve regarding the machinery and the inputs that either the business or the government.
Refer to Exhibit 15-5. Assume that the economy starts out in short-run equilibrium. An economist who believes that the economy is not self-regulating would assert that the government should use _________________ fiscal policy to close the existing ___________________ gap.
Answer: b. Contractionary; Inflationary gap
Explanation:
If the economy starts out at the short-run, the GDP would be higher than the GDP if we were using the Long Run Aggregate Supply Curve which shows what the potential GDP is.
This means that the Actual GDP is higher than the potential GDP and when this happens there will be an inflationary gap because prices will be higher than they should be as the economy is overheated.
In order to close this inflationary gap, the government should embark on contractionary fiscal policies that would reduce economic activity and bring GDP down to the potential level.
Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging. This relates to the________ of its products. Multiple Choice
a. relative advantage
b. complexity
c. observability
d. compatibility
e. trialability
Answer:
e. trialability
Explanation:
Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.
It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.
Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging
Merone Company allocates materials handling cost to the company's two products using the below data:
Modular Homes Prefab Barns
Total expected units produced 6,600 9,600
Total expected material moves 660 260
Expected direct labor-hours per unit 860 360
The total materials handling cost for the year is expected to be $228,300. If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the prefab barns is closest to:
a. 164,883.33
b. $91,576.16
c. $106,275.00
d. $86,400.00
Answer:
d. $86,400.00
Explanation:
The computation of the total materials handling cost allocated to the prefab barns is given below:
Total Materials Handling Cost is $228,300
Total is
= 6600 ×860 + 9600 × 360
= $5,676,000 + $3,456,000
= $9,132,000
Allocation Rate = Total Materials Handling Cost ÷ Total direct labor hours
= $228,300 ÷ $9,132,000
= $0.025
Now
Total Materials Handling Cost allocated to prefab barns is
= Allocation Rate× direct albor hours for Modular Homes
= $0.025 × $3,456,000
= $86,400
Perimeter Realty Co. pays weekly salaries of $16,400 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Answer and Explanation:
The journal entries are shown below:
a.
Salaries expense $9,840 (16400 ÷ 5 × 3)
To Salaries payable $9,840
(Being salaries expense is recorded)
Here salaries expense is debited as it increased the expense and credited the salaries payable as it increased the liability
b.
Salaries expense $13,120 (16400 ÷ 5 × 4)
To Salaries payable $13,120
(Being salaries expense is recorded)
Here salaries expense is debited as it increased the expense and credited the salaries payable as it increased the liability
Bluebean Inc. produces two lines of coffee cups: espresso coffee cups and travel coffee mugs. The unit cost information is shown here. The company uses a traditional volume-based costing system and believes that the number of labor hours is the appropriate cost driver
Activity Cost Pool Espresso Coffee Cups Travel Coffee Mugs
Selling price $20 $25
Direct materials $6 $8
Direct labor $2 $5
Units produced 10,000 units 4,000 units
Direct labor hours 10,000 hours 6,000 hours
Estimated total overhead costs $80,000
Item Espresso coffee cups Travel coffee mugs
Pre-determined overhead rate
Total manufacturing overhead allocated
Manufacturing cost per unit
Gross profit unit
Answer:
Results are below.
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 80,000 / (10,000 + 6,000)
Predetermined manufacturing overhead rate= $5 per direct labor hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Espresso coffee cups= 5*10,000= 50,000
Travel coffee mugs= 5*6,000= 30,000
In unitary bases:
Espresso coffee cups= 50,000/10,000= 5
Travel coffee mugs= 30,000/4,000= 7.5
Finally, the total unitary cost and the gross profit per unit:
Espresso coffee cups:
Total unitary cost= 6 + 2 + 5= $13
Gross profit= 20 - 13= $7
Travel coffee mugs:
Total unitary cost= 8 + 5 + 7.5= $20.5
Gross profit= 25 - 20.5= $4.5
Given direct material cost of $10, direct labor cost of $15, direct-labor based overhead of $12 and Activity-Based Costing overhead of $16, the total cost of the product using Activity-Based costing is $___________ . (Enter your answer as a whole number.)
Answer:
Total cost of product using the Activity-Based costing
Particulars Amount
Material cost $10
Labor cost $15
Overheads cost under ABC $16
Total cost of product $41
A firm wants to sponsor an engineering lab. This requires $2.5M to construct the lab, $1.2M to equip it, and $600,000 every 5 years for new equipment. What is the required endowment if the university will earn 6% interest on funds
Answer:
$5.47M
Explanation:
The required endowment from the sponsor is the total costs required immediately plus the present value of the new equipment that needs to be purchased every five years as shown thus:
Immediate costs=cost of lab construction+cost of equipping the lab
Immediate costs=$2.5M+$1.2M
Immediate costs=$3.7M
Present value of every 5 years equipment cost=cost/(1+interest)^n-1
interest rate=6%
n=5 years(the frequency of incurring the cost)
PV=$0.60M/(1+6%)^5-1
PV=$0.60M/0.33822558
PV=$1.77M
required endowment =$3.70M+$1.77M
required endowment =$5.47M
Martha works as a window dresser in her hometown of Victoria BC. She charges $16.72/h and it takes her 5 hours to finish the window display at a local department store. How much will her gross pay be for the job
Answer:
Her gross pay for the job will be $ 83.6.
Explanation:
Given that Martha works as a window dresser in her hometown of Victoria BC, and she charges $ 16.72 / h and it takes her 5 hours to finish the window display at a local department store, to determine how much will her gross pay be for the job the following calculation must be performed:
16.72 x 5 = X
83.6 = X
Therefore, her gross pay for the job will be $ 83.6.
In 2020, Wild Corporation reported a net loss of $70,000. Wild's only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100. Compute Wild's net cash provided (used) by operating activities.
Answer:
$2,900
Explanation:
Computation for Wild's net cash provided (used) by operating activities.
Net income adjustments $81,000
Less increase in accounts receivable ($8,100)
$72,900
Less reported net loss $70,000
Net cash provided (used) by operating activities $2,900
($72,900-$70,000)
Therefore net cash provided (used) by operating activities will be $2,900
Beta Inc. can produce a unit of Zed for the following costs: Direct material $ 10 Direct labor 20 Overhead 50 Total costs per unit $ 80 An outside supplier offers to provide Beta with all the Zed units it needs at $58 per unit. If Beta buys from the supplier, it will still incur 40% of its overhead. Beta should:
Answer: Beta should buy from the outside supplier
Explanation:
If Beta produces the product itself, only avoidable costs would be accounted for:
= Direct labor + Direct material + Unavoidable overhead
= 10 + 20 + ( (1 - 40%) * 50)
= 10 + 20 + 30
= $60
If however, Beta buys the product, they will buy at $58 per unit which is less than the $60 they would make it for.
Beta should buy the product because they will be able to save $2 per unit.
Swifty Corporation is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Swifty would sell it for $56. The cost to assemble the product is estimated at $20 per unit and the company believes the market would support a price of $69 on the assembled unit. What decision should Swifty make
Answer:
See below
Explanation:
Assembled product
Cost = $24 + $20 = $44
Selling price = $69
Profit = $69 - $44 = $25
Unassembled product
Cost = $24
Selling price = $56
Profit = $56 - $24 = $32
Therefore, Swifty corporation should sell before assembly, the company will be better off by $7
Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and selling for $978. At this price, the bonds yield 7.4 percent. What must the coupon rate be on the bonds
Answer:
7.06%
Explanation:
The computation of the coupon rate is given below:
Given that
FV is $1,000
PV is $978
NPER is 9
RATE is 7.4%
The formula is given below:
=PMT(RATE,NPER,-PV,FV,TYPE)
After applying the above formula, the PMT is $70.57
Now the coupon rate is
= $70.57 ÷ $1,000
= 7.06%
Starfish Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Material costs for a selected job is $900 for a batch of 30 suit coats (units). The material cost per unit is ________. $27.00 $30.00 $27.70 $26.00
Answer:
Unitary cost= $30
Explanation:
Giving the following information:
Material costs for a selected job are $900 for a batch of 30 suit coats (units).
To calculate the unitary cost, we need to use the following formula:
unitary cost= total batch cost / number of units
unitary cost= 900 / 30
unitary cost= $30
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 19,000 defective units that cost $5.30 per unit to manufacture. The units can be a) sold as is for $2.50 each, or b) reworked for $4.80 each and then sold for the full price of $7.80 each. What is the incremental income from selling the units as scrap and reworking and selling the units
Answer:
If the company reworks the units, income will increase by $9,500 (57,000 - 47,500).
Explanation:
Giving the following information:
Sell as-is:
Selling price= $2.5
Rework:
Selling price= $7.8
Incremental unitary cost= $4.8
We need to determine the impact of each option on the income:
Sell as-is:
Effect on income= 2.5*19,000= $47,500 increase
Rework:
Effect on income= 19,000*(7.8 - 4.8)
Effect on income= $57,000 increase
If the company reworks the units, income will increase by $9,500 (57,000 - 47,500).
Michael’s basement recently flooded. He has a homeowner’s policy covering flood damage that has a $500 deductible. The total damages to the basement totaled $2500. How much will the insurance company pay in this scenario? A. $500 B. $2500 C. nothing D. $2000
Answer:
D. $2000
Explanation:
Calculation to determine How much will the insurance company pay in this scenario
Using this formula
Amount to pay=Total damages -Deductible homeowner’s policy covering flood damage
Let plug in the formula
Amount to pay=$2,500-$500
Amount to pay=$2,000
Therefore How much will the insurance company pay in this scenario will be $2,000
The Correct Answer: $2000
A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's total fixed costs are $1,536,000. Selling prices and cost information for both products follow. What is the firm's break-even point in units of Regular and Ultra?
Answer:
regular - 32,000
ultra - 64,000
Explanation:
Please find the remaining part of this question in the attached image
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Contribution margin :
Regular = 22 - 8 = 14
Ultra = 25 - 8 = 17
weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16
Firms breakeven = $1,536,000 / $16 = 96,000
Regular's breakeven = 1/3 x 96,000 = 32,000
Ultra's breakeven = 2/3 x 96,000 = 64,000
If a candidate is denied a license due to information obtained in the mandatory criminal background check, how
long do they have to request a hearing with NCREC?
Answer:
60 days
Rationale: The criminal background check is obtained by the candidate at NCREC.Check.com. The background check will be reviewed by NCREC after the candidate passes the examination and before a license is issued.
