Answer:
Affirmative action is intended to curb employment discrimination against a minority group, whereas diversity is intended to promote the interest of a diverse group of people within an organization.
Explanation:
Affirmative action was introduced to curb discrimination in the work force. It seeks to establish fair access to employment opportunities which will favor the marginalized minority or a particular demographic that is at a disadvantage.
Diversity is intended to promote the interest of the entire organization by repealing any policy that infringes on the rights of every citizen irrespective of race to have equal access to equal benefits.
Diversity and affirmative action deal with issues related to discrimination in different ways,
Whereas affirmative action focuses on taking positive steps to get individuals into the organization, diversity in the workplace seeks to change the organizational culture within an organizational space.
Cactus Baseball Stadium is trying to determine how many ticket scanners are needed to admit fans entrance. The stadium has 4 outfield bleacher sections: sections 1 and 3 in the right field and sections 2 and 4 in the left field. Fans use the backside of the stadium's entrance to get to these 4 sections. 40 people per minute show up to a game with their ticket (assume uniform distribution of location - that is each fan is equally likely to go to section 1, 2, 3, or 4). On average, it takes 5 seconds per person to process their ticket at a scanner and pass through the turnstiles. The backside stadium entrance is designed to hold up to 50 people waiting before getting to the ticket scanners.
Using the above, answer the following:
(a) Buffer Capacity (K)
(b) Customer Inflow (Arrival) Rate (Ri)
(c) Total Processing Rate (Capacity) (Rp)
Answer:
Explanation:
Arrival rate = 40 people per minute
Service rate = 5 seconds per person = 12 people per minute
b) Customer Inflow (Arrival) Rate (Ri)
Ri = Arrival Rate = 40 per minute
Inter arrival Time = 1 / Ri = 1 / 40 minutes
c) Total Processing Rate (Capacity) (Rp)
Processing Time = Tp = 5 seconds =
5/60 minutes
= 1/12 minutes
Processing Rate = Rp = 1 / Tp = 1 / (1/12) = 12 customers per minute
Server utilization = Throughput Rate R / Rp
Chi = Lambda / Miu ( must be < 1 )
Ls = Chi / (1-Chi)
Lq = Ls - Chi
Ws = Ls / Lambda
Wq = Lq / Lambda
Buffer capacity K = 50
FastNet Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $ 110 for each connector and fixed costs of $ 4 comma 500 per month. FastNet's static budget predicted production and sales of 100 connectors in August, but the company actually produced and sold only 74 connectors at a total cost of $ 25 comma 000. FastNet's flexible budget variance for total costs is
Answer:
Cost variance= $12,360 unfavorable
Explanation:
Giving the following information:
Standard costs:
Budgeted variable costs of $ 110 for each connector
Fixed costs of $4,500 per month.
Actual production= 74 connectors
Total cost= $25,000
First, we need to calculate the standard total cost:
Standard total cost= 4,500 + 110*74= $12,640
Now, we can determine the flexible budget cost variance:
Cost variance= 12,640 - 25,000= $12,360 unfavorable
An analyst gathers the following information about Meyer, Inc.: Meyer has 1,000 shares of 8% cumulative preferred stock outstanding, with a par value of $100 and liquidation value of $110. Meyer has 20,000 shares of common stock outstanding, with a par value of $20. Meyer had retained earnings at the beginning of the year of $5,000,000. Net income for the year was $70,000. This year, for the first time in its history, Meyer paid no dividends on preferred or common stock. a. Calculate the total book value of Meyer's common stock. Total book value $ b. What is the book value per share of Meyer's common stock? (Round your answer to 2 decimal places.) Book value per share $
Answer:
Book value of common stock is $5,470,000
book value per share of common stock is $273.50
Explanation:
The book value of Meyer Inc's common stock comprises of the book value of total common stock plus the retained earnings as well as the net income for the year.No preferred dividends need be deducted because the company did not declare any dividends in the year under review.
The book value per share is the total book value arrived at using the approach above divided by the number of common stock outstanding.
Book value of common stock=(20,000*$20)+$5,000,000+$70,000=$5,470,000
Book value per share=$5,470,000/20,000=$273.50
Answer:
a. The total book value of Meyer's common stock is $5,470,000
b. The book value per share of Meyer's common stock is $273.50
Explanation:
a. In order to calculate the total book value of Meyer's common stock we would have to use the following formula:
Book value of equity=Par value of share+Retained Earnings+Net Income
Par value of the equity=20,000 shares×20=$400,000
Retained earnings=$5,000,000
Net income=$70,000
Book value of equity=$400,000+$5,000,000+$70,000
Book value of equity=$5,470,000
The total book value of Meyer's common stock is $5,470,000
b. In order to calculate the book value per share of Meyer's common stock we would have to use the following formula:
Book value per share=book value of equity
No. of common stock
book value per share=$5,470,000
20,000
book value per share=$273.50
The book value per share of Meyer's common stock is $273.50
Some traits of successful individuals in our industry, as mentioned by Aimee Mangold of KOLTER Hospitality included: drive, intelligence, self-confidence, the desire to influence others, relevant knowledge, and honesty/moral character. Unfortunately, these same traits do not apply to other fields outside of the hospitality and tourism industry to any great extent.
A. True
B. False
Answer:
The answer is false (B)
Explanation:
From the question given, the answer is false.
Traits is used in many other fields outside hospitality, this is because, being intelligent, confidence, influencing, honest, and high morality, helps to build and develop strong, better relationships, and also trust which can take the business to a higher level or heights of success.
Baker Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In Finished Cost of Total
Process Goods Goods Sold
Direct materials. $2,260 $7,100 $26,500 $35,860
Direct labor 4,650 15,620 58,300 78,570
Manufacturing overhead 2.640 6,600 23,760 33,000
applied
Total $9,550 $29,320 $108.560 $147430
Manufacturing overhead for the month was underapplied by $4,000. The
Corporation allocates any underapplied or overapplied manufacturing overhead
among work in process, finished goods, and cost of goods sold at the end of
the month on the basis of the manufacturing overhead applied during the month
in those accounts. The journal entry to record the allocation of any underapplied
or overapplied manufacturing overhead for March would include the following:
a. debit to Cost of Goods Sold of $3,080.
b. debit to Cost of Goods Sold of $149,410.
c. credit to Cost of Goods Sold of $3,080.
d. credit to Cost of Goods Sold of $149,410.
Answer:
A debit to cost of goods sold account = $2,880
Explanation:
Work In Finished Cost of Total
Process Goods Goods Sold
Direct materials. $2,260 $7,100 $26,500 $35,860
Direct labor 4,650 15,620 58,300 78,570
Man. overhead 2,640 6,600 23,760 33,000
applied
Total $9,550 $29,320 $108.560 $147430
Manufacturing overhead for the month was underapplied by $4,000.
since the underapplied overhead is allocated between WIP, COGS and finished goods:
$4,000 / $33,000 = 12.12%
WIP = $2,640 x 12.12% = $320finished goods = $6,600 x 12.12% = $800COGS = $23,760 x 12.12% = $2,880the journal entry should include a debit to cost of goods sold account of $2,880. Since the COGS account has a debit balance, a debit entry should increase it. Since manufacturing overhead was underapplied, it means that the estimated costs were lower than the actual costs.
UPS, a delivery services company, has a beta of 1.4, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 4% and the market risk premium is 6%. What is the expected return on a portfolio with 50% of its money in UPS and the balance in Wal-Mart? Group of answer choices
Answer:
10.9%
Explanation:
to calculate the expected return of the portfolio, we first need to calculate the portfolio's beta:
the portfolio beta = (beta UPS stock x weight UPS stock) + (beta Walmart stock x weight Walmart) = (1.4 x 50%) + (0.9 x 50%) = 0.7 + 0.45 = 1.15
portfolio's expected return = risk free rate + (portfolio beta x market risk premium) = 4% + (1.15 x 6%) = 4% + 6.9% = 10.9%
The expected return on the portfolio is calculated using the CAPM for each stock and then finding the weighted average. For the given portfolio with 50% in UPS and 50% in Wal-Mart, the expected return is 10.9%.
Explanation:To calculate the expected return on a portfolio with different investments, we can use the concept of a weighted average of the individual expected returns. Each investment's expected return is calculated using the Capital Asset Pricing Model (CAPM), which takes into account the risk-free rate, beta (a measure of volatility or systematic risk compared to the market), and the market risk premium.
Using the CAPM, the expected return for UPS (with a beta of 1.4) is:
Expected ReturnUPS = Risk-Free Rate + BetaUPS x Market Risk Premium = 4% + 1.4 x 6% = 12.4%
And for Wal-Mart (with a beta of 0.9):
Expected ReturnWal-Mart = Risk-Free Rate + BetaWal-Mart x Market Risk Premium = 4% + 0.9 x 6% = 9.4%
Now, to find the expected return of the portfolio:
Expected ReturnPortfolio = (WeightUPS x Expected ReturnUPS) + (WeightWal-Mart x Expected ReturnWal-Mart)
= (0.5 x 12.4%) + (0.5 x 9.4%)
= 6.2% + 4.7%
= 10.9%
https://brainly.com/question/33695664
#SPJ3
Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $27,000 on the purchase date and the balance in eight annual installments of $4,000 on each June 30 beginning June 30, 2022. Assuming that an interest rate of 10% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $570,000 debt that comes due on December 31, 2026. The company will accumulate the funds by making five equal annual deposits to an account paying 7% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2021. 3. On January 1, 2021, Johnstone leased an office building. Terms of the lease require Johnstone to make 20 annual lease payments of $137,000 beginning on January 1, 2021. A 10% interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2021, before any lease payments are made?
Answer and Explanation:
As per the data given in the question,
1)
Cash flow Amount PV Factor at 10% for 8 annual installments Present Value
Installments $4,000 5.3349 $21,339.60
Down Payment $27,000 1 $27,000
Value of equipment $48,339.60
Refer to the PVIFA factor
2)
Table or calculator function FVAD of $ 1
Future value $570,000
n = 5
i = 7.00%
Divided it by FV factor 6.1533
Annual Deposit $92,633.22
Refer to the FVAD table
3)
Table or calculator function PVAD of $ 1
Payment $137,000
n = 20
i = 10.00%
Multiplied by PV factor 9.36492
Liability $1,282,994.04
Refer to the PVAD table
Johnstone Company's decisions about the equipment purchase, annual deposit, and leased office building are answered by using the Present Value Annuity (PVA) and Future Value Annuity (FVA) to find present values and annual deposits, respectively, at specified interest rates and time periods.
Explanation:1. To find the value of the equipment that Johnstone should record, we need to calculate the present value of the series of payments. The upfront payment of $27,000 is already in present value terms, so we just have to find the present value of the 8 annual installments of $4,000. We use the Present Value Annuity (PVA) table at a 10% interest rate for 8 periods. Then, add $27,000 to this present value to find the total equipment cost.
2. To find the required annual deposit, we're interested in the future value of an annuity (FVA). We want it to equal $570,000 at a 7% annual interest rate in 5 years. We use the FVA table to back into the required annual deposit amount.
3. For the amount Johnstone should record for the lease liability, we need to find the present value of the lease payments. Since the lease period is 20 years and the interest rate is 10%, we use the Present Value Annuity (PVA) table at a 10% interest rate for 20 periods to find this present value.
Learn more about Financing Activities here:https://brainly.com/question/32311765
#SPJ3
Which statement(s) below is TRUE?
A. Goodwill cannot decrease on balance sheet from one year to the next.
B. Goodwill is the same term often used for intangibles.
C. Intangibles increase when treasury stock increases.
D. FASB Rule 16 requires companies to admit once a year whether the premiums they paid for acquisitions, called goodwill, were a waste of money.
E. Seeing Goodwill regularly increasing on a balance sheet is not a good thing.
Answer:
E) Seeing Goodwill regularly increasing on a balance sheet is not a good thing.
Explanation:
Generally US GAAP requires that goodwill is tested annually in order to determine if it must decrease or not. Companies must verify if impairment losses must be reported or assets must be written down.
Goodwill cannot be amortized, but it can decrease (and generally does) from year to year, so seeing it increase is not a good thing.
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,000 Total fixed manufacturing overhead cost $ 252,000 Variable manufacturing overhead per machine-hour $ 2.10 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 675 Direct labor cost $ 1,050 The estimated total manufacturing overhead is closest to:
Answer:
Total estimated manufacturing overhead= $315,000
Explanation:
Giving the following information:
Estimates:
Total machine-hours 30,000
Total fixed manufacturing overhead cost $ 252,000
Variable manufacturing overhead per machine-hour $ 2.10
Total estimated manufacturing overhead= fixed overhead + total variable overhead
Total estimated manufacturing overhead= 252,000 + 30,000*2.1
Total estimated manufacturing overhead= $315,000
Answer:
Manufacturing overhead applied 315
Total cost of Job T687 $2,040
Explanation:
Lupo Corporation
Estimated total manufacturing overhead cost = Estimated total fixed manufacturing overhead cost + Estimated variable overhead cost per unit of the allocation base × Estimated total amount of the allocation base
Hence:
$252,000 + ($2.10 per machine-hour × 30,000 machine-hours) = $252,000 + $63,000 = $315,000
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base
= $315,000 ÷ 30,000 machine-hours = $10.50 per machine-hour
Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job
= $10.50 per machine-hour × 30 machine-hours = $315
Direct materials$ 675
Direct labor 1,050
Manufacturing overhead applied 315
Total cost of Job T687 $2,040
Therefore the estimated total manufacturing overhead is closest to $315 and the Total cost of Job T687 is $2,040
(1 pt.) Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Bell will group the CDs into three price categories for resale, as indicated below: Group No. of CDs Price per CD 1 100 $5 2 800 10 3 100 15 Instructions: Determine the cost per CD for each group, using the relative sales value method. CDs
Answer:$4, $8, $12
Explanation: we will first find the sales value of each CD price group
Group CD1= 100x5/(100x5+800x10+10015) = $500/$10,000= 0.05X 100= 5%
Group CD 2 = 10x800/ (100x5+800x10+100x15) =$800/%10,000= 0.8X 100=80%
Group CD 3 = 100x15/(100x5+800x10+100x15)= $1500/ $10,000 = 0.15X 100%=15%
So the costs per CD are:
CD 1= 8000 X.05/100= $4.00
CD 2=8000 x 0.80/800= $8.00
CD 3= 8000x 0.15/100= $12.00
Final answer:
To calculate the cost per CD using the relative sales value method, multiply the number of CDs by the respective price per CD for each group, add the total revenue, find percentages, allocate the total cost accordingly, and then divide the allocated cost by the number of CDs in each group.
Explanation:
To determine the cost per CD for each group using the relative sales value method, we must first calculate the total expected revenue from each group by multiplying the number of CDs by their respective price per CD:
Group 1: 100 CDs × $5 = $500
Group 2: 800 CDs × $10 = $8,000
Group 3: 100 CDs × $15 = $1,500
Next, we calculate the total expected revenue from all groups by adding the revenue from each group:
$500 (Group 1) + $8,000 (Group 2) + $1,500 (Group 3) = $10,000
Now, we divide the cost paid for each group of CDs by the total expected revenue to determine the cost per CD as a percentage of price:
Group 1: $500 / $10,000 = 5%
Group 2: $8,000 / $10,000 = 80%
Group 3: $1,500 / $10,000 = 15%
Finally, we allocate the total cost paid ($8,000) to each group based on these percentages:
Group 1: 5% of $8,000 = $400
Group 2: 80% of $8,000 = $6,400
Group 3: 15% of $8,000 = $1,200
And to find the cost per CD for each group, we divide the allocated cost by the number of CDs in each group:
Group 1 cost per CD: $400 / 100 CDs = $4 per CD
Group 2 cost per CD: $6,400 / 800 CDs = $8 per CD
Group 3 cost per CD: $1,200 / 100 CDs = $12 per CD
A process with no beginning work in process, completed and transferred out 60,000 units during a period and had 50,000 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: a. 70,000 equivalent units. b. 112,000 equivalent units. c. 100,000 equivalent units. d. 62,000 equivalent units.
Answer:
The correct answer is:
70,000 equivalent unit (a.)
Explanation:
The following information were given:
completed and transferred inventory units = 60,000
ending work in process inventory units = 50,000
percentage completion of ending work in process inventory = 20%
∴ % of completed ending work in process inventory = 20% of ending work in process inventory
= 20% of 50,000
= 20/100 × 50,000 = 0.2 × 50,000 = 10,000 units
Finally, the total equivalent units of production for the period is calculated as: completed and transferred inventory units + % of completed ending work in process inventory
= 60,000 + 10,000 = 70,000 equivalent units.
Information related to Mingen back Company for 2015 is summarized below: Instructions: A. What amount of bad debt expense will Mingen back Company report if it uses the direct write-off method of accounting for bad debts? B. Assume that Mingen back Company estimates its bad debt expense to be 2% of credit sales. What amount of bad debt expense will Mingen back record if it has an Allowance for Doubtful Accounts credit balance of $4,000? C. Assume that Mingen back Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingen back record if it has an Allowance for Doubtful Accounts credit balance of $3,000? D. Assume the same facts as in (c), except that there is a $3,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Mingen back record? E. What is the weakness of the direct write-off method of reporting bad debt expense?
Answer:
jhgiojhugfvcpokjhgfuhjkm,l;/;.l,kmjbh
Explanation:
"2. In 2020, Polar Engines issued 125,000 shares of its $1 par common stock at $12 per share. On September 30, 2022 Polar Engines repurchased 15,000 shares at $17 per share to hold in Treasury. Finally, on July 31, 2023 Polar Engines resold 10,000 of its treasury stock for $20 per share. What is the dollar amount of Treasury stock at the end of 2023?"
Answer:
Dollar amount of Treasury stock at the end = $85,000
Explanation:
Given:
Number of purchase treasury stock = 15,000 at $17
Number of sold treasury stock = 10,000
Computation:
Amount of purchase treasury stock = 15,000 × $17
Amount of purchase treasury stock = $255,000
Amount of sold treasury stock = 10,000 × Purchase price
Amount of sold treasury stock = 10,000 × $17
Amount of sold treasury stock = $170,000
Computation of dollar amount of Treasury stock at the end:
Dollar amount of Treasury stock at the end = Amount of purchase treasury stock - Amount of sold treasury stock
Dollar amount of Treasury stock at the end = $255,000 - $170,000
Dollar amount of Treasury stock at the end = $85,000
Find the answer to the last general journal entry on December 31, 2017.
Jan. 1 Paid $287,600 cash plus $11,500 in sales tax and $1,500 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $20,600 salvage value. Loader costs are recorded in the Equipment account.
Jan. 3 Paid $4,800 to install air-conditioning in the loader to enable operations under harsher conditions. This increased the estimated salvage value of the loader by another $1,400.
Dec. 31 Recorded annual straight-line depreciation on the loader.
2017
Jan. 1 Paid $5,400 to overhaul the loader’s engine, which increased the loader’s estimated useful life by two years.
Feb. 17 Paid $820 to repair the loader after the operator backed it into a tree.
Dec. 31 Recorded annual straight-line depreciation on the loader.
The straight-line depreciation of the loader on December 31, 2017, is calculated by subtracting the total increased salvage value from the total cost, divided by the new total useful life, yielding $47,233.33 for that year.
Explanation:The question requires calculating the straight-line depreciation for the loader on December 31, 2017. The total cost of the loader is the initial cash cost of $287,600 plus the sales tax of $11,500 and transportation cost of $1,500, and the cost of installing air conditioning in the loader at $4,800, giving a total of $305,400. The salvage value of the loader has been increased due to the installation of air conditioning, from $20,600 to $22,000. The total useful life of the loader is four years, extended by two years due to the engine overhaul. Therefore, the straight-line depreciation rate is calculated by subtracting the salvage value from the total cost and dividing it by the total useful life. The answer according to these calculations is ($305,400 - $22,000) / 6 years = $47,233.33 per year. Hence, on December 31, 2017, the general journal entry would be the annual straight-line depreciation of $47,233.33.
Learn more about Straight-line Depreciation here:https://brainly.com/question/11974283
#SPJ3
Final answer:
The last general journal entry for the loader's annual straight-line depreciation on December 31, 2017, involves debiting the Depreciation Expense account and crediting the Accumulated Depreciation–Equipment account for $63,270
Explanation:
To find the last general journal entry on December 31, 2017, for the annual straight-line depreciation of the loader, we need to calculate the total depreciable base by adding all costs that increase the value of the loader and subtracting any salvage value changes caused by the added costs. We start with the initial cost of $287,600 plus sales tax of $11,500 and transportation costs of $1,500, resulting in a total of $300,600. Since costs for going beyond the initial purchase to increase the value of the loader, the installation of air-conditioning of $4,800 and overhauling the loader's engine of $5,400, should be added as well. The original salvage value was $20,600, and the air conditioning installation increased it by $1,400, making the salvage value $22,000. The revised useful life of the loader has been extended to 6 years due to the engine overhaul.
Cost of the asset - salvage value / useful life
= ($287,600 + $11,500 + $1,500 + $4,800 + $820) - ($20,600 + $1,400) / 6 years (4 + 2)
= $63,270
So, the journal entry to record annual straight-line depreciation on the loader on December 31, 2017, is:
Depreciation expense $63,270
Accumulated depreciation $63,270
On January 1, Year 1, Barrett, Inc., purchased equipment and signed a note agreeing to pay $100,000 on December 31, Year 3. The market interest rate applicable to the note was determined to be 10%. What is the amount that will be credited to Note Payable in the journal entry dated January 1, Year 1?
Answer:
$75,131
Explanation:
The computation of the amount of note payable credited is shown below:
Notes payable is
= Agreed amount to pay × present value factor at 10% for 3 years
= $100,000 × 0.75131
= $75,131
By multiplying the agreed amount to pay with the present value factor at 10% for 3 years we can get the amount credited to the note payable
Mr. Radon's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne. He always stocked up on shrimp after he inspected the house he bought as an investment a few years ago. His trip was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive and lengthy trip. Therefore he bought the cheapest plane tickets he could muster at $299 round trip and packed a cooler with $12 worth of ice. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the landed cost of a pound of shrimp
Final answer:
To calculate the landed cost of a pound of shrimp, we add the purchase price, transportation, and additional costs, and divide by the number of pounds. The total cost of $590.65 divided by 35 pounds equates to approximately $16.8764 per pound.
Explanation:
The student is asking to determine the landed cost of a pound of shrimp, which includes all expenses associated with purchasing and transporting the shrimp to the final destination. To calculate this, we'll add the total cost of buying and transporting the shrimp and then divide by the number of pounds purchased.
First, we calculate the total cost of the shrimp:
35 pounds of shrimp at $7.99 per pound equals $279.65.
Round trip plane ticket is $299.
The cooler ice is $12.
Adding these together:
$279.65 (shrimp) + $299 (plane ticket) + $12 (ice) = $590.65.
To find the landed cost per pound, divide the total cost by the number of pounds:
$590.65 ÷ 35 pounds = $16.8764 per pound of shrimp when rounded to four decimal places.
At the beginning of the year, Goldenrod had beginning inventory of 2,000 scooters. Goldenrod estimates it will sell 5,000 units during the first quarter of the current year, with a 10% increase in sales each quarter. It is Goldenrod’s policy to maintain an ending inventory equal to 20% of the next quarter’s budgeted sales. Each scooter costs $100 to produce and sold for $150. How much is the budgeted sales revenue for the third quarter of the current year? $500,000. $825,000. $907,500. $605,000.
Answer:
$907,500
Explanation:
The budgeted sales for the 3rd quarter is a function of the number of scooters expected to be sold in the quarter and the unit selling price.
Given that the sales are expected to increase by 10% every quarter and the first quarter sales are 5000 units,
Second quarter sales
= 5000 + 10% * 5000
= 5500 units
3rd quarter sales
= 5500 + 10% * 5500
= 6050 units
Selling price per units given is $150
The budgeted sales revenue for the third quarter of the current year
= $150 * 6050
= $907,500
Classify each of the following in terms of their effect on interest rates (increase or decrease): I. Covenants on borrowing become more restrictive. II. The Federal Reserve increases the money supply. III. Total household wealth increases. I increases; II increases; III increases I decreases; II increases; III increases I decreases; II decreases; III decreases I increases; II decreases; III decreases None of these choices are correct.
Answer: I decreases; II decreases; III decreases
Explanation:
Debt Covenants becoming more restrictive means that less people want to borrow money. This shifts the demand curve to the left and this Decreases interest rates.
The Fed increasing money supply means that there is more money in the economy. This shifts the supply curve to the right thus having the effect of reducing Interests rates as there is more money available for loans.
Total Household Wealth increasing means that Households have less of an incentive to borrow money. This reduces the demand for interest rates so interest rates decrease.
The effect on interest rates is as follows: More restrictive borrowing covenants decrease rates, an increased money supply by the Federal Reserve decreases rates, and an increase in total household wealth can potentially increase rates, but the effect isn't always certain.
Explanation:Let's examine each situation to determine its effect on interest rates:
Covenants on borrowing become more restrictive: When covenants on borrowing are tightened, it decreases the number of qualified borrowers, reducing the demand for money and thereby decreasing interest rates.The Federal Reserve increases the money supply: When the Federal Reserve increases the money supply, it decreases the interest rate because more money available translates to lower cost of borrowing.Total household wealth increases: If total household wealth increases, it might increase the demand for loans as families may feel more financially secure in borrowing. This could lead to an increase in interest rates, but the effect is uncertain as it usually depends on several other factors like overall market conditions and economic sentiment.Learn more about Effects on Interest Rates here:https://brainly.com/question/33508867
#SPJ3
Concord Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that 1,000,000 units can be sold if the price is no more than $3. If Concord Water decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Concord Water requires a minimum rate of return of 18% on all investments. Determine the target cost per unit for the filter.
Answer:
Target cost per unit= $2.64
Explanation:
The target cost is arrived at by subtracting the a desired profit margin from a competitive selling price.
The target cost per unit =
((selling price × qty) - (cost of capital(%) × initial cost))/No of units
=( (3× 1,000,000) - (18%×2,000,000) )/ 1,000,000
= 2.64
Target cost per unit= $2.64
QS 19-10 Computing contribution margin LO P2 D’Souza Company sold 6,000 units of its product at a price of $88.00 per unit. Total variable cost is $51.60 per unit, consisting of $40.80 in variable production cost and $10.80 in variable selling and administrative cost. Compute the contribution margin for this company.
Answer:
$218,400
Explanation:
The computation of contribution margin is here below:-
Units Cost per unit Total
Sales 6,000 $88 $528,000
Less:
Variable production cost 6,000 $40.8 $244,800
Variable selling and
administrative costs 6,000 $10.8 $64,800
Contribution margin $218,400
Therefore the we multiplied the sale unit with cost per unit, in the similar way we multiplied the Variable production cost unit with cost per unit and Variable selling and administrative costs with cost per unit to reach the contribution margin.
Suppose a person quits a job earning $45 comma 000 per year and starts a business with $175 comma 000 withdrawn from a money-market account earning 12 percent per year. The implicit cost of the business is ________ for the entrepreneur’s time plus ________ for the entrepreneur’s funds.
Answer:
$45,000 and $21,000
Explanation:
The computation of the implicit cost and the extra amount is shown below:
Implicit cost means the cost of opportunity lost so quitting job means opportunity cost.
Therefore,
The implicit cost of the business is $45,000 per year for the entrepreneur’s time plus the amount is $21,000 for the fund of entrepreneur
= $175,000 × 12%
= $21,000
On January 1, Year 1, Alla Co. sold a property to Mish Co. for $400,000 and simultaneously leased it back for 3 years. The carrying amount of the property was $280,000, and its fair value was $310,000. The leaseback was properly classified as an operating lease. What amount of gain on sale of the property was recognized by Alla on January 1, Year 1
Answer: $30,000
Explanation:
In accounting, the treatment of the Sale and Operating Leaseback operation is such that a gain is only recognized if the sales price is more than the fair value. In such a case the difference between the fair value and the carrying price is considered the Gain on Sale.
The Difference between the sales price and the fair value is to be amortized over the period of use.
Seeing as the selling price is more than the fair value, the Gain on Sale is therefore,
= Fair Value - Carrying Value
= 310,000 - 280,000
= $30,000
$30,000 is the amount of gain on sale of the property recognized by Alla on January 1, Year 1.
7. Identifying costs of inflation Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of inflation.
Answer:
Shoe-leather Costs.
Explanation:
In Business management, Shoe-leather costs can be defined as the costs of time and effort people take to counteract the effect of high inflation on the depreciative purchasing power of money by visiting banks or other financial institutions regularly in order to limit inflation tax they pay on holding cash.
Metaphorically speaking, in a bid to protect the value of money or assets, people wear out the sole of their shoes by going to the bank regularly.
Hence, Shen is practicing a shoe-leather cost.
The initial cost of a packed-bed degassing reactor for removing trihalomethanes from potable water is $84,000. The annual operating cost for power, site maintenance, etc. is $13,000. If the salvage value of the pumps, blowers, and control systems is expected to be $9,000 at the end of 10 years, the AW of the packed-bed reactor, at an interest rate of 8% per year, is closest to:
Answer:
-$24,900
Explanation:
Solution
Given:
The annual payment is defined as:
A = F [i /(1 + i)^n -1
Where,
F = The sum of amount accumulated
i = The interest rate (annual)
n = the number of years
The standard notation equation becomes this
=A = F (A/F, i, n)
Now,
The annual payment is A = P [ i(1 + i)^n / (1 + i)^n -1
where
P = The present value,
i = The interest rate (annual)
n = the number of year
The standard notation equation becomes this
=A = P (A/P, i, n)
We recall that,
The first cost P is $84,000.
Now,
A = $13,000, S = $9,000, n = 10 years, and i = 8 %
Thus,
AW =- 84000 ( A/ P 8% 10 ) - 13000 + 9000 (A/F, 8%, 10)
=-84000 (0.149) - 13000 + 9000 (0.069)
= -$24,900
The AW of the packed-bed reactor is calculated by finding the PW of the initial cost, annual operating costs, and salvage value, and then subtracting the PW of the salvage value from the sum of the other two. The AW is calculated to be $136,616.54.
Explanation:The question asks for the Annual Worth (AW) of the packed-bed degassing reactor. To calculate the AW, we need to calculate the Present Worth (PW) of the initial cost, annual operating costs, and salvage value, and then subtract the PW of the salvage value from the PW of the costs.
To calculate the PW of the initial cost, we divide it by (1 + interest rate) to the power of the number of years. PW of initial cost = $84,000 / (1 + 0.08)^10 = $36,610.13.
The PW of the annual operating costs can be calculated as follows: Cost per year * [1 - (1 + interest rate)^(-number of years)] / interest rate. PW of annual operating costs = $13,000 * [1 - (1 + 0.08)^(-10)] / 0.08 = $103,894.42.
The PW of the salvage value is calculated using the same formula as the PW of the initial cost. PW of salvage value = $9,000 / (1 + 0.08)^10 = $3,888.01.
Finally, to find the AW, we subtract the PW of the salvage value from the sum of the PW of the initial cost and the PW of the annual operating costs. AW = $36,610.13 + $103,894.42 - $3,888.01 = $136,616.54. Therefore, the AW of the packed-bed reactor is closest to $136,616.54.
Learn more about AW of packed-bed reactor here:https://brainly.com/question/35540475
#SPJ11
Benefits of free-trade agreements Suppose that Indonesian consumers previously faced higher prices on shoes than they do under the free-trade agreement to which the nation currently adheres because there were only a few domestic firms supplying shoes to the Indonesian market due to trade restrictions.
Which of the following benefits of international trade describes this free-trade benefit that Indonesian consumers enjoy?
A. Enhanced flow of ideas
B. Increased competition
C. Lower unit costs through economies of scale
D. Increased variety of goods
Answer:
D. Increased variety of goods
Explanation:
A free trade agreement is when two or more economies lessen their trade barriers.
In this question, it was said that prices were higher before the trade agreement but prices fell after the trade agreement.
One of the causes of this price change could be an increase in the goods and services available to consumers and this would lead to a fall in price.
I hope my answer helps you
Answer: B. Increased competition
Explanation:
Due to Free Trade agreements, producers from outside the country are on equal footing with producers in Indonesia barring transportation costs. This means that the number of producers for shoes in total is high as there are both the local and foreign shoemakers to consider. This gives the industry a Perfect Competition market distinction which means that prices are set by the market to be at a point where it is lowest due to competition. In other words, because of the extra competition, Indonesians are enjoying cheaper shoes.
Sheffield Corp. budgeted costs for 65000 linear feet of block are: Fixed manufacturing costs $24000 per month Variable manufacturing costs $16 per linear foot Sheffield installed 60000 linear feet of block during March. How much is budgeted total manufacturing costs in March
Answer:
$984,000
Explanation:
The computation of the budgeted total manufacturing cost is shown below:
Budgeted total manufacturing costs in March = Fixed cost + Variable cost
= $24,000 + ($16 × 60,000)
= $24,000 + $960,000
= $984,000
We simply added the fixed cost and the variable cost in order to find out the budgeted total manufacturing cost
They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they borrow from the bank. The rest of the savings will be used as a down payment. For example, if they borrow $330,000 using $20,000 for a down payment, the closing costs will be $3,300, which still leaves them some savings. Determine the largest amount they can use for a down payment and still pay the closing costs
Answer:
$3,131
Explanation:
The largest amount of down payment can occur in a situation where all the $40,000 is spend for the down payment and closing costs.
Let assume
X is the amount of closing cost While Y is the Amount of down payment
X + Y = $40,000 equation (1)
Purchase price = $330,000 + $20,000
= $350,000
X = ($350,000 - Y) x 1% equation (2)
Let Substitute (2) to (1):
($350,000 - Y) x 1% + Y = $40,000
Y = $36,869
Hence:
X = $40,000 - $36,869 = $3,131
Therefore largest amount they can use for a down payment and still pay the closing costs will be $3,131
To calculate the largest amount that can be used for a down payment while still paying the closing costs, we need to solve for the maximum loan amount. Based on the conditions provided, the maximum down payment is approximately $39,604.
Explanation:The subject of the question is determining the maximum amount that can be allocated for a down payment, given that part of the savings must cover the closing costs which are 1% of the borrowed amount. In this case, if the entire $40,000 savings were used to cover both the down payment and the closing costs, we would need to solve for the maximum loan amount.
Let's denote the borrowed amount as 'B'. The equation to solve would be 0.01B (closing cost) + B (loan) = 40,000 (total savings). Solving for 'B', we find that B ≈ $39,604. This means the maximum down payment would be $40,000 - 0.01 * $39,604 ≈ $39,604.
Learn more about Mathematics here:https://brainly.com/question/27235369
#SPJ12
Swan Textiles Inc. produces and sells a decorative pillow for $98.00 per unit. In the first month of operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $23.00 per unit Variable marketing costs $6.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $21.00 per unit Ending inventories: Direct materials -0- WIP -0- Finished goods 500 units What is the contribution margin using variable costing
Answer:
$124,200
Explanation:
Sales revenue = $98 * 1,800 = $176,400
Total variable costs = Total variable manufacturing costs + Total variable marketing costs = ($23 * 1,800) + ($6 * 1,800) = $ 52,200
Contribution margin using variable cost = Sales revenue - Total variable costs = $176,400 - $52,200 = $124,200.
On January 1, 2019, Commercial Equipment Sales issued $ 29 comma 000 in bonds for $ 21 comma 700. These are sixminusyear bonds with a stated interest rate of 10%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straightminusline method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019?
Answer:
$2,058.33
Explanation:
bond's face value = $29,000
bond's market value = $21,700
interest rate = 10%
n = 6 x 2 coupons = 12
discount on bonds payable = $29,000 - $21,700 = $7,300
discount amortized per coupon payment = $7,300 / 12 = $608.33
total interest expense = ($29,000 x 10% x 1/2) + $608.33 = $1,450 + $608.33 = $2,058.33
the journal entry to record the coupon payment in June 30,2019:
Dr Interest expense 2,058.33
Cr Cash 1,450
Cr Discount on bonds payable 608.33
Vactin Motors, an automobile company, is a well-recognized brand. It does not have the capital and capabilities to set up manufacturing units abroad, although it is keen to have its products made in the foreign market. It decides to have the products produced and sold under its brand name.
1. In this case, which of the following modes of international market entry should be adopted by Vactin?Options:1) Joint venture2) Franchising3) Exporting4) Wholly owned subsidiaries
Answer:
3. Exporting
Explanation:
For a well-recognized brand like Vactin Motors who does not have enough capital to set up manufacturing units abroad, exporting would be the best mode of international market entry. One main reason for this is that the automobile company is a well-recognized brand. They also want to consider the risks associated before expanding.
Exporting is the process of selling locally made products to foreign countries. With this method, Vactin Motors can manage the resources it has in its home country in production of automobiles. Since there are no middle men, the cost of exportation is lower. This mode would also afford them the ability to protect their brand name. They would also make considerable profit.