Answer:
(a) capacity=3.05hours
(b) utilisation percentage= 0.90 or 90%
(c) Average inventory=1.22
(d)Batch size of D700 is approximately equal to 7
Explanation:
(a)To calculate Capacity
=( Batch size) /(set up time + processing time)
= 12/ (32+17×12) = 12/236 minutes = (12/236) ×60 hours =
3.05 hours
(b)Capacity for assembly: = 113/6 = 18.8/minute = 60/18.8 = 3.19/hour as assembly takes 113 minutes per housing per worker and 6 workers are working at the moment Assembly time for batch of 12 housings = 12/3.19 hr = 3.77 hr CNC time for batch = 32+(17×12 )= 236 minutes = 3.93 hr Utilization of CNC: = (17*12)/60/3.766 = 0.902815 = 0
O.90 or 90%
(c)Average inventory = 1/2 ×batch size × (1-(capacity for assembly × 1/4))
= 1/2×12*(1-(3.186/4) = 1.22(Approximately)
(d)Total demand of all the housings = 0.4+0.5+0.6+0.7+0.8 = 3/hour
Setup time per housing = 32/60 hr = 0.53 hr
Setup time for 5 housings will be = 5×0.53 = 2.67 hr
The Processing time = 17/60 hr = 0.2833 hr
Total batch size = (2.67×3)/(1-3×0.2833) = 53.36
Batch size of D700 = 53.36*(0.4/3) = 7.11 = 7(approximately)
(a) The capacity is =3.05hours
(b) The utilization percentage is = 0.90 or 90%
(c) The Average inventory is =1.22
(d) when the Batch size of D700 is approximately equal to 7
How to Calculate Average inventory?(a) Now To calculate Capacity is:
Then =( Batch-size) /(set up time + processing time)
After that = 12/ (32+17×12) = 12/236 minutes = (12/236) ×60 hours =
3.05 hours
(b) When the Capacity for assembly is = 113/6 = 18.8/minute = then 60/18.8 is = 3.19/hour as assembly takes 113 minutes per housing per worker and also 6 workers are working at the moment.
After that Assembly time for batch of 12 housings is = 12/3.19 hr = 3.77 hr Then C-N-C time for batch is = 32+(17×12 )= 236 minutes = 3.93 hr After that Utilization of C-N-C is = (17*12)/60/3.766 = 0.902815 = 0
O.90 or 90%
(c) Then the Average inventory is = 1/2 ×batch size × (1-(capacity for assembly × 1/4))
Then = 1/2×12*(1-(3.186/4) = 1.22(Approximately)
(d) Then the Total demand of all the housings is = 0.4+0.5+0.6+0.7+0.8 = 3/hour
After that Setup time per housing is = 32/60 hr = 0.53 hr
Then Setup time for 5 housings will be = 5×0.53 = 2.67 hr
Now The Processing time is = 17/60 hr = 0.2833 hr
After that Total batch size is = (2.67×3)/(1-3×0.2833) = 53.36
Then Batch-size of D700 is = 53.36*(0.4/3) = 7.11 = 7(approximately)
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Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,000. Division sales for the year were $1,310,000 and its variable costs were $1,175,000. The fixed costs of the division were $220,000. If the kitchen division is dropped, 45% of the fixed costs allocated it could be eliminated. The impact on Carns’s operating income from eliminating the small tools division would be:
Answer:
$36,000
Explanation:
As per the data given in the question,
Current Loss = $85,000
If we don't consider division, then 45% of fixed cost cab be eliminated and remaining 55% of fixed cost is considered.
Fixed cost to be applied
= $220,000 × 55%
= $121,000
Enhancing in operating loss when division is eliminated
= $121,000 - $85,000
= $36,000
Sean Thornton has invested in a convertible bond issued by Cohan Enterprises. The conversion ratio is 20. The market price of Cohan common stock is $60 per share. The face value is $1,000. The coupon rate is 8 percent and the annual interest is paid until the maturity date 10 years from now. Similar nonconvertible bonds are yielding 12 percent (YTM) in the marketplace. Calculate the straight bond value of this bond.
Answer:
$774
Explanation:
Price of bond is the present value of future cash flows. This Includes the present value of coupon payment and cash flow on maturity of the bond.
As per Given Data
As the payment are made semiannually, so all value are calculated on semiannual basis.
Coupon payment = 1000 x 8% = $80 annually
Number of Payments = n = 10 years x 1 = 10 periods
Yield to maturity = 12% annually
To calculate Price of the bond use following formula of Present value of annuity.
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond =$80 x [ ( 1 - ( 1 + 12% )^-10 ) / 12% ] + [ $1,000 / ( 1 + 12% )^10 ]
Price of the Bond =452.02 + $321.97 = 773.99
The Woods Co. and the Speith Co. have both announced IPOs at $63 per share. One of these is undervalued by $11, and the other is overvalued by $4, but you have no way of knowing which is which. You plan to buy 1,000 shares of each issue. If an issue is underpriced, it will be rationed, and only half your order will be filled. a. If you could get 1,000 shares in Woods and 1,000 shares in Speith, what would your profit be? (Do not round intermediate calculations.) b. What profit do you actually expect? (Do not round intermediate calculations.)
Answer:
Profit is equal to $7000
Expected profit is equal to $1500
Explanation:
Number of shares = 1000
Undervalued amount = $11
Overvalued amount = $4
Profit received by both the stocks is equal to
Profit = shares ×undervalued amount - shares × overvalued amount
[tex]=1000\times 11-1000\times 4[/tex]
=$7000
Expected profit is equal to
[tex]=\frac{1000}{2}\times 11-1000\times 4[/tex]
= $1500
Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its dolls: low-value consumers and high-value consumers. Each of the low-value consumers tends to purchase one doll and one accessory, with a total willingness to pay of $64. Each of the high-value consumers buys one doll and two accessories and is willing to pay $125 in total.
Mattel is currently considering two pricing strategies:
• Strategy 1: Sell each doll for $32 and each accessory for $32
• Strategy 2: Sell each doll for $3 and each accessory for $61
In the following table, indicate the revenue for a low-value and a high-value customer under strategy 1 and strategy 2. Then, assuming each strategy is applied to one low-value and one high-value customer, indicate the total revenue for each strategy.
Revenue from Low-Value Customers
Revenue from High-Value Customers
Total Revenue from Strategy
$64 Value, 1 Accessory
$125 Value, 2 Accessories
($)
($)
($)
Strategy 1
$32 doll + $32 accessory
Strategy 2
$3 doll + $61 accessory
The strategy that generates the most revenue is strategy ?
Answer:
strategy 2
Explanation:
According to the scenario, computation of the given data are as follow:-
Particular Revenue from Low-value customers Add Revenue from high-value customers Total revenue from strategy
Accessories 1 Accessories 2
Strategy 1
($32 doll+$32 accessory) $32 ×1 + $32 × 1 + $32 × 1 + $32 × 2
$32 + $32 $32 + $64
= $64 = $96
Total = $64 + $96 = $160
Strategy 2
($3 doll + $61 accessory) $3 × 1 + $61 × 1 + $3 × 1 + $61 × 2
$3 + $61 $3 + $122
= $64 = $125
Total = $64 + $125 = $189
According to the analysis, strategy 2 gives more revenue than strategy 1.
An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on three factors: A, B, and C, with weights of .50, .20, and .30, respectively. She has scored one potential outsourcer, Ling Services, on each of the factors using a scale of 10-50. Ling Services received a score of 30 for factor A, 46 for factor B, and 22 for factor C. What is the factor-rating score for Ling Services
Answer:
30.8
Explanation:
The solution of factor-rating score for Ling Services is provided below:-
Factor-rating score = (Weight for Factor A × Rating for Factor A) + (Weight for Factor B × Rating for Factor B) + (Weight for Factor C × Rating for Factor C)
= (0.50 × 30) + (0.20 × 46) + (0.30 × 22)
= 15 + 9.2 + 6.6
= 30.8
So, we have calculated the factor-rating score for Ling Services by using the above formula.
The payroll register of Castilla Heritage Co. indicates $1,920 of social security withheld and $480 of Medicare tax withheld on total salaries of $32,000 for the period. Federal withholding for the period totaled $5,440.
Retirement savings withheld from employee paychecks were $2,600 for the period.
Required:
Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
Answer and Explanation:
The Journal entry is following below:
Salary Expense Dr,$32,000
To Social Security Tax Payable $1,920
To Medicare Tax Payable $480
To Federal Withholding Tax Payable $5,440
To Retirement Contribution Payable $2,600
To Salaries Payable $21,560
(Being period's payroll is recorded)
Therefore, we debited the salary expenses as expenses is increasing while we credited the social security taxes payable, medicare tax payable, federal withholding tax payable, retirement contribution payable and salaries payable as its increasing the liabilities.
In February 2021, Culverson Company began developing a new software package to be sold to customers. The software allows people to enter health information and daily eating and exercise habits to track their health status. The project was completed in November 2021 at a cost of $1,500,000. Of this amount, $540,000 was spent before technological feasibility was established. Culverson expects a useful life of two years for the new product and total revenues of $1,740,000. Determine the amount that Culverson should capitalize as software development costs in 2021.
Answer:
$960,000
Explanation:
The computation of the software development capitalized is shown below:
= Project completion cost - Amount spent before the technological feasibility established
= $1,500,000 - $540,000
= $960,000
By deducting the amount spent before the technological feasibility established from the project completion cost we can get the capitalized amount with respect to the software development
On August 1, 2014, Rafael Masey established Planet Realty, which completed the following transactions during the month:
a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $17,500.
b. Purchased supplies on account, $2,300.
c. Earned sales commissions, receiving cash, $13,300.
d. Paid rent on office and equipment for the month, $3,000.
e. Paid creditor on account, $1,150.
f. Withdrew cash for personal use, $1,800.
g. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400.
h. Paid office salaries, $2,800.
i. Determined that the cost of supplies used was $1,050.
Instructions
1. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Rafael Masey, Capital; Rafael Masey, Drawing; Sales Commissions; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. Journal entry explanations may be omitted.
2. Prepare T accounts, using the account titles in (1). Post the journal entries to these accounts, placing the appropriate letter to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance.
3. Prepare an unadjusted trial balance as of August 31, 2014.
4. Determine the following:
a. Amount of total revenue recorded in the ledger.
b. Amount of total expenses recorded in the ledger.
c. Amount of net income for August.
5. Determine the increase or decrease in owner’s equity for August
Answer:
1) Journalize entries for transactions (a) through (i)
a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $17,500.
Dr Cash 17,500 Cr Rafael Masey, capital 17,500b. Purchased supplies on account, $2,300.
Dr Supplies 2,300 Cr Accounts payable 2,300c. Earned sales commissions, receiving cash, $13,300.
Dr Cash 13,300 Cr Sales commissions 13,300d. Paid rent on office and equipment for the month, $3,000.
Dr Rent expense 3,000 Cr Cash 3,000e. Paid creditor on account, $1,150.
Dr Accounts payable 1,150 Cr Cash 1,150f. Withdrew cash for personal use, $1,800.
Dr Rafael Masey, drawings 1,800 Cr Cash 1,800g. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400.
Dr Automobile expenses 1,500Dr Miscellaneous expenses 400 Cr Cash 1,900h. Paid office salaries, $2,800.
Dr Office salaries expense 2,800 Cr Cash 2,800i. Determined that the cost of supplies used was $1,050.
Dr Supplies expense 1,050 Cr Supplies 1,0502) Prepare T accounts
Cash
Debit Credit
a. 17,500 d. 3,000
c. 13,300 e. 1,150
f. 1,800
g. 1,900
h. 2,800
20,150
Rafael Masey, capital
Debit Credit
a. 17,500
Rafael Masey, drawings
Debit Credit
f. 1,800
Supplies
Debit Credit
b. 2,300 i. 1,050
1,250
Accounts payable
Debit Credit
e. 1,150 b. 2,300
1,150
Sales commissions
Debit Credit
c. 13,300
Rent expense
Debit Credit
d. 3,000
Automobile expense
Debit Credit
g. 1,500
Miscellaneous expense
Debit Credit
g. 400
Office salaries expense
Debit Credit
h. 2,800
Supplies expense
Debit Credit
i. 1,050
3) Prepare an unadjusted trial balance as of August 31, 2014.
Assets
Cash $20,150
Supplies $1,250
total assets = $21,400
Liabilities + Equity
Accounts payable $1,150
Rafael Masey, capital $20,250
total liabilities and equity = $21,400
4) a. Amount of total revenue recorded in the ledger.
$13,300b. Amount of total expenses recorded in the ledger.
$8,750c. Amount of net income for August.
$4,5505) Determine the increase or decrease in owner’s equity for August
owner's equity increased by $4,550 during AugustCharlie Company had $1,800 of supplies on hand at January 1. During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300. After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts.
Supplies Supplies Expense
a. $1,300 $4,500
b. $5,300 $5,800
c. $1,300 $5,800
d. $1,800 $4,500
Answer:
The correct option is A:
Supplies Supplies Expense
$1,300 $4,500
Explanation:
The amount of supplies used in the month is the opening balance of supplies at the beginning of the month plus purchases of supplies minus closing balance of supplies at month end.
supplies used=supplies expense=$1,800+$4,000-$1,300=$ 4,500.00
As a result of the above computation,supplies expense would be debited with $4,500 reflecting the cost of supplies made use of in the month while supplies inventory is debited with closing balance of $1,300.
Answer:
A. $1,300 $4,500
Explanation:
The balance of the Supply is $1,300 "which is the actual supplies on hand amount to $1300"
The supplies expenses amount is
= ($1800 + $4000) - $1300
=$7100
Creative Computing sells a tablet computer called the Protab. The $970 sales price of a Protab Package includes the following:One Protab computer. A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. A coupon to purchase a Creative Probook e-book reader for $250, a price that represents a 50% discount from the regular Probook price of $500. It is expected that 20% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $60. Customers can buy the extended warranty for $60 at other times as well. Creative estimates that 30% of customers will purchase an extended warranty. Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $950.Required:1. & 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 80,000 Protab Packages to the separate performance obligations in the contract.3. Prepare a journal entry to record sales of 80,000 Protab Packages (ignore any sales of extended warranties). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Explanation:
Please check the file attached below for the answer of the question given
I hope it is helpful.
The information are as follows:
Cash collections from customers $ 800
Purchase of used equipment 200
Depreciation expense 200
Sale of investments 450
Dividends received 100
Interest received 200
Based on the above information, compute cash flows from investing activities under GAAP.
Answer:
$250
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow.
Hence the cash flows from investing activities
= -$200 + $450
= $250
Other activities are reported under operating activities section.
What logistical decisions would you make to ship bread from a warehouse to a grocery store that is two. hours away?
Answer:
They would have to decide between weight or quality, the classic decision between quantity or quality!
When the Constitution was adopted in 1789, why was the federal government granted the authority to raise taxes?
PBMF
Answer: Debt Payment, National Defense and Welfare of the United States
Explanation:
When the Articles of the Confederation which was the first Constitution of the United States was ratified in 1781, it included a clause that empowered the State Governments to decide what to give to Congress. Some of them gave less and some gave nothing of what they were supposed to give.
Congress was therefore powerless and risked falling apart and with it, the Central Government.
The Constitution of 1789 changed this by including the 'Taxing and Spending' clause.
This clause gave Congress the right to impose taxes. The clause states that Congress can levy taxes to enable it to pay off American debt as well as for the defense and general welfare of American citizens.
Choose the best answer:
O Investment decisions should be based upon the criterion that a project's expected return must be less than the weighted marginal cost of capital (WMCC) for the firm.
O The weighted average cost of capital will rise whenever there is a rise in the cost of any one of the capital sources.
O The level of total financing at which the cost of one of the capital sources rises is called a breaking point.
O All statements are correct.
O All statements are incorrect.
Answer:
Option B is correct.
Explanation:
Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.
Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.
Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.
So the only statement that is correct is option B.
Kindly don't forget to rate the answer. Thanks
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company’s products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data:Product DemandNext year(units) SellingPriceper Unit DirectMaterials DirectLaborDebbie 53,000 $ 19.00 $ 4.60 $ 4.40Trish 45,000 $ 7.00 $ 1.40 $ 1.76Sarah 38,000 $ 29.00 $ 6.89 $ 6.80Mike 32,000 $ 13.00 $ 2.30 $ 5.20Sewing kit 328,000 $ 8.30 $ 3.50 $ 1.36The following additional information is available: The company’s plant has a capacity of 137,510 direct labor-hours per year on a single-shift basis. The company’s present employees and equipment can produce all five products.The direct labor rate of $8 per hour is expected to remain unchanged during the coming year.Fixed manufacturing costs total $550,000 per year. Variable overhead costs are $2 per direct labor-hour.All of the company’s nonmanufacturing costs are fixed.The company’s finished goods inventory is negligible and can be ignored.Required:1. How many direct labor hours are used to manufacture one unit of each of the company’s five products?2. How much variable overhead cost is incurred to manufacture one unit of each of the company’s five products?3. What is the contribution margin per direct labor-hour for each of the company’s five products?4. Assuming that direct labor-hours is the company’s constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource?5. Assuming that the company has made optimal use of its 137,510 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)?
Answer:
Explanation:
Requirement 1 and Requirement 2:
Debbie Trish Sarah Mike Sewing Kit
Direct Labor Cost (a) $4.40 $1.76 $6.80 $5.20 $1.36
Labor Cost per hour (b) $8 $8 $8 $8 $8
Required 1 Direct labor hour used ( c) = (a/b) 0.55 0.22 0.85 0.65 0.17
Variable Overhead cost per hour (d) $2 $2 $2 $2 $2
Required 2 Variable Overhead cost ( e) = (c x d) $1.10 $0.44 $1.70 $1.30 $0.34
Requirement 3:
Particulars Debbie Trish Sarah Mike Sewing Kit
Selling Price Per Unit $19.00 $7.00 $29.00 $13.00 $8.30
Less: Variable Cost
Direct Material Cost $4.60 $1.40 $6.89 $2.30 $3.50
Direct Labor cost $4.40 $1.76 $6.80 $5.20 $1.36
Variable Overhead cost $1.10 $0.44 $1.70 $1.30 $0.34
Contribution Margin (a) $8.90 $3.40 $13.61 $4.20 $3.10
Direct Labor hour used (b) 0.55 0.22 0.85 0.65 0.17
Required 3 Contribution Margin per direct labor hour (a/b) $16.18 $15.45 $16.01 $6.46 $18.24
Ranking 2 4 3 5 1
Requirement 4:
Debbie Trish Sarah Mike Sewing Kit Total
Demand Next Year…..(a) 53,000 45,000 38,000 32,000 328,000
Direct Labor hour used….(b) 0.55 0.22 0.85 0.65 0.17
Total direct labor hour needed…..(c ) = (a x b) 29150 9900 32300 20800 55760 147910
Ranking 2 4 3 5 1
Direct Labor hour used…(g) 29150 9900 32300 10,400 55760 137510
Contribution per direct labor hour..(e ) $16.18 $15.45 $16.01 $6.46 $18.24
Required 4 Total Contribution….(f) = (c x g) $471,647.00 $152,955.00 $517,123.00 $67,184.00 $1,017,062.40 $2,225,971.40
Requirement 5:
Additional Contribution due to additional capacity = (147,910 - 137,510) x $6.46
...............................................................................= 10,400 x 6.46
...............................................................................= $67,184
Highest direct labor rate per hour = $8 + $6.46
......................................................= $14.46
A 3-year interest rate swap has a level notional amount of $300,000. Each settlement period is one year and the variable rate is the one-year spot interest rate at the beginning of the settlement period. The current spot rate is determined by the following prices for zero-coupon bonds with $1 face amount:
Time of Maturity 1 Year 2 Year 3 Year 4 Year 5 Year
Price 0.97 0.93 0.88 0.82 0.75
Required:
a. Calculate the swap rate.
b. Caleulate the net swap payment at the end of the first year.
c. One year has elapsed and the one-year spot interest rate at the start of year 2 is 4.45%. Calculate the net swap payment at the end of the second year for the payer.
d. Two years have elapsed and the one-year spot interest rate at the start of year three is 5.25 Calculate the market value of the swap.
Answer:
(a)0.04317 (b) 3672 which will be paid by the payer to the receiver (c) -399. so, the 399 which will be paid by the receiver to the payer (d) 2659.38
Explanation:
Solution
(a) Swap Rate (R) = (1 - P₃)/(P₁+P₂+P₃)
= (1 – 0.88)/(0.97 + 0.93 + 0.88)
= 0.04317
(b) The payer pays the fixed interest rate and gets the variable interest rate.
Then, the fixed interest rate is known as the swap rate which is 4.317%.
Now,
The variable rate is the one year spot rate for the first year of the loan. which is r₁ = 1/P₁ -1 = 1/0.97 - 1 = 0.03093
Thus,
The net swap payment becomes (300,000)(0.04317) - (300,000)(0.03093) = 3672 which will be paid by the payer to the receiver.
(c) The payer pays the fixed interest rate and receives the variable interest rate. The fixed interest rate is the swap rate which is 4.317%.
Thus,
The variable rate is the one year spot rate for the second year of the loan is 4.45%.
So,
The net swap payment becomes (300,000)(0.04317) - (300,000)(0.04450) = -399.
Therefore, the 399 which will be paid by the receiver to the payer.
(d) The market value is the present value of expected future cash flows. under this swap, the variable rate has been swapped for the constant swap rate. There is one year left under the swap.
Then,
The expectation is that the swap owner will pay (300,000)(0.04317) and receive (300,000)(0.0525). these payments would be made at the end of one year. Therefore, the market value will be:
{(300,000)(0.0525) - (300,000)(0.04317)}/1.0525 = 2799/1.0525 = 2659.38
Identify the relevant total quality management (TQM) technique
When a defense company needed to create quality software, they brought representatives from the Quality Assurance (QA) group in to work with software and systems engineers. The QA group found that peer reviews were the best way to catch software bugs, and they shared their knowledge with the head of software engineering. Working together with the engineers, the QA group started a system of peer reviews and formal inspections, and together, the group decreased the number of problems in the software the company produced.
A. Quality partnering
B. Continuous improvement
C. Quality circle
D. Benchmarking
Answer:
Option A
Explanation:
In simple words, Quality partnership and strategic partnership render the industrial sector with a great intersection for cooperative relationships. Partnership is important for the overall product primarily because the consumer decides the price in the industry.
Dynamic collaboration between companies provides for ongoing development of procedures and goods, client-supplier partnerships and consumer loyalty. External collaboration within an company may strengthen partnerships within an organisation between the staff and divisions.
Bob is a recognized french horn player. Bob has played for several major symphonies. Last year Bob went through bankruptcy and in order to pay his rent for a couple of months took out loans from a small bank - Avarice Bank - and pledged his french horn as collateral. He was unable to make the first payment on the loan so the bank was getting ready to take the french horn for non-payment. Bob approached the director of the Gilroy Philarmonic International Symphony - Joe - for help - asking him to guarantee payment so he does not lose his french horn. Joe agreed to guarantee the payment - partially because Bob is scheduled as the featured performer at the Classic Polka Festival in Gilroy which Joe manages. Joe called Avarice Bank and said if Bob could not pay, he would, and Avarice accepted his guaranty by phone. Bob played for the Polka Festival (it was very successful), but immediately after, left town and his whereabouts are unknown. Avarice has contacted Joe and indicated they have not collected from Bob and they expect Joe to pay the debt. Joe told Avarice they did not have anything in writing from him (though there are witnesses who heard Joe guarantee payment) and he believes he will not be liable for Bob's debt. Avarice has indicated it will file suit for payment against Joe. I
nstructions: Answer the following questions about this case:
Issue: What is the legal issue/dispute? (Be specific. Don’t just say Contract Law)
Decision: Who should prevail?
Support: Provide support for your decision. Describe what the law says about situations like this, and how it applies to this case.
Answer:
In this case, we analysed three problems, which are The issue, The decision and The support.
The issue of the dispute was does guarantee on phone for payment debt) valid and enforceable in the court of law.
The decision was centered on whether a contract is needed to be in writing and if it should bear the signatures of both parties in order for it to be enforceable.
The support centered on the assurance of the repayment of debt contract in which authorities the creditor to get back the money from the guarantor, if the debtor fails on payment.
Explanation:
Solution
The Issue : Does guarantee on phone for a debt payment is valid and enforceable in a court of law.
Decision : The guarantee is a contract and needs to be in writing and should bear the signatures of the parties in order to be enforceable. In this case, the guarantee for the debt repayment by Bob was given by Joe on phone, which does not fulfill the requirement of the contract to be enforceable.Hence the bank would not succeed in claiming payments from Joe.
Support : Guarantee for repayment of debt is a contract that authorities the creditor to recover the money from the guarantor if the debtor defaults on payment. However, the guarantee contract should be in writing ( in legal systems of most of the countries) and should be signed by the guarantor. In absence of a written contract and signature of the guarantor, the contract can't be enforced in a court of law, which is in this case. The bank should have insisted only on the written and signed consent of guarantee from Joe. As it did not, it can't hold him liable for the breach of guarantee contract.
From the information given below construct a cash budget for five months period starting form May 20X1 till September. MONTH AND YEAR PROJECTED SALES April 20X1 $ 140,000 May 20X1 130,000 June 20X1 90,000 July 20X1 65,000 August 20X1 84,000 September 20X1 95,000 October 20X1 160,000 November 20X1 200,000 December 20X1 240,000 January 20X2 190,000 Total payments 34,700 30,400 41,500 59,000 88,500 110,000 Additional information: a) Assume that minimum cash balance as $ 10,000 and same balance has to be maintained throughout the planning period. b) 100 % percent of sales are credit basis. 80 percent of the accounts receivables are collected in one month, 10 percent during the second month of sale, 5 percent during the second month of sale and remaining during the fourth month of sale.
Answer:
Cash Surplus May $83,300 June $ 61,600 July $33,000
Aug $25,500 Sept $ 3650
Explanation:
MONTH AND YEAR PROJECTED SALES FIRST MONTH
COLLECTIONS (80%)
April 20X1 $ 140,000 112,000
May 20X1 130,000 104,000
June 20X1 90,000 72,000
July 20X1 65,000 52,000
August 20X1 84,000 67,200
September 20X1 95,000 76,000
October 20X1 160,000 128,000
November 20X1 200,000 160,000
December 20X1 240,000 192,000
January 20X2 190,000 152,000
First we find the monthly cash collections 80 % in the month of sales , 10% in the second month , 5% in the third and 5 % in the fourth . We have summed them up in the following table.
Sales Collections
MAY JUNE JULY AUGUST SEPT
Particulars
1st Month 104,000 72,000 52,000 67,000 76,000
Collections
2nd Month 14,000 13,000 9000 6500 8400
3rd Month 7000 6500 4500 3250
4th Month 7000 6500 4500
Total
Collections 118,000 92,000 74,500 84,500 92,150
Now we prepare the cash budget deducting payments from collections and maintaining beginning and ending balance.
Cash Budget
MAY JUNE JULY AUGUST SEPT
Particulars
Opening 10,000 10,000 10,000 10,000 10,000
Add Total
Collections 118,000 92,000 74,500 84,500 92,150
Less Closing 10,000 10,000 10,000 10,000 10,000
Less Payments34,700 30,400 41,500 59,000 88,500
Cash Surplus 83,300 61,600 33,000 25,500 3650
Presented below is selected information for Sandhill Company. Answer the questions asked about each of the factual situations. (Do not leave any answer field blank. Enter 0 for amounts.) 1. Sandhill purchased a patent from Vania Co. for $1,190,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. During 2020, Sandhill determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020?
Answer:
$714,000
Explanation:
Amortization is the systematic allocation of the cost of an intangible asset to the income statement. While depreciation happens to a tangible asset, amortization happens to an intangible asset such as patent, trademark etc.
Mathematically,
Amortization
= Cost of asset / estimated useful life
= $1,190,000/10
= $119,000
At the start of 2020,
Carrying amount of patent
= $1,190,000 - 2($119,000)
= $952,000
Annual amortization from then, given that economic benefits of the patent would not last longer than 6 years from the date of acquisition (hence 4 years remaining)
= $952,000/4
= $238,000
Carrying amount reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020
= $952,000 - $238,000
= $714,000
Doloris is a college sophomore. She is currently living in a dorm and signed a contract to pay the dorm fees for the full academic year (9 months). The contract states the if she moves out she can sell the remaining contract to another student. The cost of the dorm is $5000 for the year.
After two (2) months of living in the dorm Doloris found an apartment with her friends and really wants to move off-campus. Doloris put an ad in the Alligator and had two offers for her dorm contract buy out.
1) Pay Doloris $350 per month for the 7 remaining months.
2) Move in the second semester and pay half of the original dorm fee ($2,500).
Doloris's new apartment will cost $450 in rent. The cost for food in the dorm is $500 per month and about she estimates it is $400 in food and utility monthly expenses if she moves into the apartment.
Assume semesters are 4.5 months long.
Required:
1. What is the cost for Doloris to move into the apartment now?
2. What is the cost for Doloris to move at the end of the semester?
3. What is the cost for Doloris to stay in the dorm for the rest of the school year?
4. Which is the most economical option for Doloris?
As per the question dolorous is a college sophomore she is living in a dorm and has signed a contract to pay the fees for the full education year that is 9 months.
The contract states that cost of the dorm is about $5000 for the year. After 2 months she found an apartment with her friends and put an ad in alligator. The cost of food is $500, has a semester for 4.5 months.Learn more about the college sophomore.
brainly.com/question/26268249.
On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $580,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 11% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows:
Interest Payable: $ 19,800
Notes Payable, 11% due September 1, 2019 $540,000
1. How much must Able pay Regal Corporation on September 1, 2019, when the note matures?
2. What is the amount of the interest expense Able will recognize on this note in 2019?
3. What is the total cash (including interest) paid for the building purchased by Able?
4. The company's annual payroll-related expenses amount to approximately?
Answer:
1. Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.
2. The amount of Interest Able will recognize on this Notes Payable is 39,600
3. The total cash (including interest) paid for the building purchased by Able is $1,179,400
4. Payroll related expense does not come into picture in this question. So it is not answered.
Explanation:
1. According to the given data we have the following:
Rate of Interest = 11%
Therefore:
Year Amount Interest
September 1, 2018 $540,000
December 31, 2018 $19,800
September 1, 2019 $39,600
Total $540,000 $59,400
Therefore, Total Payable=Notes payable+Interest 540000 Total Payable= $540,000+$59,400
Total Payable=$599,400
Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.
2. The amount of Interest Able will recognize on this Notes Payable is 39,600
3. To calculate The total cash paid for building purchased by Able including interest we have to make the following calculation:
Total cash paid for purchase of building=Cash paid at the time of purchase of building+Notes payable+Interest
Total cash paid for purchase of building=$580,000+$540,000+$59,400
Total cash paid for purchase of building=$1,179,400
The total cash (including interest) paid for the building purchased by Able is $1,179,400
4. Payroll related expense does not come into picture in this question. So it is not answered.
With practical illustrations, discuss how managers can leverage organizational behavior components to maximize business success.
Answer:
b
Explanation:
Highpoint, Inc., is considering investing in automated equipment with a ten-year useful life. Managers at Highpoint have estimated the cash flows associated with the tangible costs and benefits of automation, but have been unable to estimate the cash flows associated with the intangible benefits. Using the company's 14% required rate of return, the net present value of the cash flows associated with just the tangible costs and benefits is a negative $182,560.
Required:
1. How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
Answer:
The annual net cash inflows from the intangible benefits have to be $35,000 to make this a financially acceptable investment
Explanation:
According to the given data we have the following:
required rate of return=14%
Negative net present value=$182,560
Therefore, in order to calculate How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment we would have to use the following formula:
Minimum annual cash flows required=Negative net present value/Present value factor at 14% for 10 years
Present value factor at 14% for 10 years=5.216
Therefore, Minimum annual cash flows required=$182,560/5.216
Minimum annual cash flows required=$35,000
The annual net cash inflows from the intangible benefits have to be $35,000 to make this a financially acceptable investment
With practical illustrations, discuss how managers can leverage organizational behavior components to maximize business success.
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The question basically need explanation. It is not a multiple question where u will answer it in a form of ABCD. It is theorical.
Explanation:
Sheffield's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Sheffield's recipe requires 10 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 1 ounce of almonds per pound of cookies. The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $19 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 5 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.70 per direct labor hour (DLH) and $27 per DLH, respectively. Variable overhead is applied at a rate of $37.00 per DLH; fixed overhead is applied at a rate of $60 per DLH.
Required:
1. Calculate the standard cost for a pound of Sheffield's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.)
Answer:
The Standard cost for a pound of Sheffield's double chocolate almond supreme cookies is $15.10
Explanation:
The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $19 per pound of almonds.
Total ounces = 10 + 5 + 1 = 16
Standard Material Cost = ([tex]\frac{10}{16}[/tex] × 0.80) + ([tex]\frac{5}{16}[/tex] × 4) + ([tex]\frac{1}{16}[/tex] × 19)
Standard Material Cost = $ 2.9375
Each pound of cookies requires 1 minute of direct labor in the mixing department and 5 minutes of direct labor in the baking department.
Standard Direct Labor Cost = [tex]\frac{1}{60}[/tex] × 12.70 + [tex]\frac{5}{60}[/tex] × 27
Standard Direct Labor Cost = $2.4617
Variable overhead is applied at a rate of $37.00 per direct labor hour
Standard Variable overhead cost = 6/60 × 37
Standard Variable overhead cost = $ 3.70
Standard Fixed overhead cost = 6/60 × 60
Standard Fixed overhead cost = $ 6
Standard cost for a pound = $2.9375 + $2.4617 + $3.70 + $6
Standard cost for a pound = $15.10
The Standard cost for a pound of Sheffield's double chocolate almond supreme cookies in the above case is $15.10.
What is the standard cost?A standard cost is defined as an anticipated cost that a company commonly launches at the starting of a fiscal year for amounts used and prices paid.
It is an anticipated amount of money to pay off for materials costs or labor rates. The standard quantity is the anticipated exercise amount of materials or labor.
Computation of standard cost:
According to the given information,
Standard direct materials costs = $0.80 per pound of cookie mix.
Per pound of milk chocolate = $4, and
Per pound of almonds = $19.
Total ounces:
[tex]\text{Total Ounce} = \text{Commercial cookies Mix+ Milk Chocolate+Almonds}\\\\\text{Total Ounce} = 10 + 5 + 1\\\\\text{Total Ounce} = 16[/tex]
Then, Standard Material Cost:
[tex]=(\dfrac{10}{16}\times 0.80)+(\dfrac{5}{16}\times4) +(\dfrac{1}{16} \times 19)\\\\=2.9375[/tex]
Now, 1 minute of direct labor is required in the mixing department and 5 minutes of direct labor in the baking department. Then the standard direct labor cost is:
[tex]\text{Standard Direct Labor Cost} = (\dfrac{1}{60}\times 12.70) +(\dfrac{5}{60} \times 27)\\\\\text{Standard Direct Labor Cost} = \$2.4617[/tex]
Variable overhead is applied at a rate = $37.00 per direct labor hour
Now, find the value of Standard Variable overhead cost:
[tex]\text{Standard Variable Overhead Cost} = \dfrac{6}{60}\times 37\\\\\text{Standard Variable Overhead Cost} =\$3.70[/tex]
Now, Standard Fixed overhead cost:
[tex]\text{Standard Fixed Overhead Cost} = \dfrac{6}{60}\times 60\\\\\text{Standard Fixed Overhead Cost} =\$6[/tex]
Therefore, Standard cost for a pound:
[tex]=\text{ Standard Direct Labor Cost}+\text{Standard Variable Overhead Cost}+\text{ Fixed Overhead Cost}\\\\=\$2.9375 + \$2.4617 + \$3.70 + \$6\\\\=\$15.10[/tex]
Therefore, Standard cost for a pound is $15.10.
To learn more about the standard cost, refer to:
https://brainly.com/question/4557688
Strategic thinking is different from strategic planning in that ________.
A) strategic thinking relies more on hard data than strategic planning.
B) strategic thinking is regimented and confining, whereas strategic planning is more flexible.
C) strategic thinking includes all types of information sources while strategic planning does not.
D) strategic thinking can create an illusion of control, whereas strategic planning avoids this.
Answer:
C) strategic thinking includes all types of information sources while strategic planning does not.
Explanation:
The strategic thinking is the process in which the lower level of management involves which make the needs according to the company needs. In this, the managers focused on all types of information regarding the employee qualifications, skills, expertise etc and other matters of the company.
While on the other hand, the strategic planning is done by high level of management that involves the big decision of the company through which the company future could become better. Moreover it does not involves all types of information but involves only important matters i.e to be used for the long run
Fidelity Systems reports net income of $81 million. Included in that number is depreciation expense of $9 million, and a gain on the sale of equipment of $2 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $3 million, $3 million, and $3 million, respectively. Calculate Fidelity's net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign. Enter your answer in millions.)
Answer:
$85 million
Explanation:
As per the given question the solution of net cash flows from operating activities using the indirect method is provided below:-
Net cash flow from operating activities = Net income + Depreciation - Gain on sale of equipment - Increase in accounts receivable - Increase in inventory + Increase in accounts payable
= $81 million + $9 million - $2 million - $3 million - $3 million + $3 million
= $93 million - $8 million
= $85 million
So, we have calculated the net cash flow from operating activities by using the above formula.
Butler Corporation is considering the purchase of new equipment costing $45,000. The projected annual after-tax net income from the equipment is $1,700, after deducting $15,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. Butler requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 12% 1 0.8929 2 1.6901 3 2.4018 4 3.0373 What is the net present value of the machine?
Answer:
-$4,889.94
Explanation:
The computation of the net present value is shown below:
Net present value = Present value after considering the depreciation and discounting factor - initial investment
where
Present value is
= After-tax net income + Depreciation expense
= $1,700 + $15,000
= $16,700
And its discounting factor is 2.4018
So, the present value is
= $16,700 × 2.4018
= $40,110.06
And, the initial investment is $45,000
So, the net present value is
= $40,110.06 - $45,000
= -$4,889.94
Itâs mid âJanuary and football season is quickly coming to a close⦠That means itâs time for the SUPERBOWL!!!! So letâs have some fun and throw a Superbowl* party for 30 of our closest friends. With 2 weeks to go, letâs put your Project Management skills to use so we can plan, prepare for and host an epic party.Required:1) What is the objective of your project? What does success look like? State it in your words.2) What are the key tasks or activities leading up to and during the party itself; list out at least 25. Consider how long it will take to perform each of the tasks. An estimate is fine. For example, if one of your tasks is to "Thaw out the frozen chicken wings", you might estimate 4 hours for this.3) Do any tasks have to be completed before others can start, meaning for the identified tasks are there any predecessors? Which tasks are truly independent?4) Using excel or a hand drawing, draft out a project schedule, showing the order of tasks from start to finish. Identify the critical path.5) Do you have enough time to get ready for the party? If so, when do you have to start your first activity?6) Uh-oh⦠your car broke down and you couldnât get it fixed in time to start shopping for your project plan. You are now 1 day behind schedule. How can you crash the schedule? At what cost (approximate)?7) Other than your car breaking down, what are the key risks to your schedule? Identify at least 3 risks and discuss how you might mitigate them.
Answer:
the risk is you get detension
Explanation: