Answer:
56,400 units
Explanation:
The computation of the equivalent units for conversion costs in the Assembly Department is given below:
But the transferred units is
= Beginning work in process inventory units + additional units - ending work in process inventory units
= 2,400 units + 62,000 units - 20,000 units
= 44,400 units
Now the equivalent units for conversion costs equal to
= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion
= 44,400 units × 100% + 20,000 units ×60%
= 44,400 units + 12,000 units
= 56,400 units
One of the reasons for recognizing revenue at the time of sale is that the risk of loss due to price decline or destruction of the goods is passed to the buyer.A. True B. False
Answer: True
Explanation:
Sales refer to transactions which involves the provision of goods and services to the consumer.
Revenue is recognized at the time of sale so the risk of loss due to price decline or destruction of the goods is passed to the buyer.
Therefore, the correct option is true.
To keep your business plan up-to-date, it should be revised every
A-month.
B-6 months.
C-year.
D-other year.
Answer:
A-month
Explanation:
by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.
C-year.
Entrepreneur.com recommends that you do a thorough update to your business plan at least once annually.
A developing nation decides to make a law preventing foreigners from owning businesses or land. How will this policy affect economic growth
Answer:
It will decrease economic growth, because flow of funds across the border is essential to maximizing investment.Explanation:
Less companies will come into the country to invest because foreign companies want to be able to own businesses so that they will be able to make money from them. They will invest funds in opening these businesses and they would take some of it out as profit.
If they are unable to open these businesses, money will not flow into the country to open them and so there will be less funds needed to fund investment which drives economic growth so economic growth will be less.
One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this market. As an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market.Using the midpoint method, the price elasticity of demand for soybeans between the prices of
Full question attached
Answer:
Not elastic
Explanation:
The formula for demand elasticity= percentage change in quantity/percentage change in price
Therefore demand elasticity = Q2-Q1/Q2+Q1/2/P2-P1/P2+P1/2
Using graph of demand attached
= 12-15/12+15/2/21-15/21+15/2
= -3/27/2/6/36/2
=-2/9/1/3
=-2/3
=-0.67
Elasticity is less than one and so demand is inelastic
The senior marketing executive you have assigned as team leader asks you to stay on as a team consultant until she gets things rolling. She asks your advice on her first course of action. What will you advise her to do
Answer:
In layman's terms, you suggest a highly skilled communications specialist with exceptional creative abilities. You frequently recommend a sales manager who is known with his or her abilities to provide clear direction and follow action. The project will need individuals who will have the relevant experience in managing others as well as academic specialization in related operations.
Senior marketing executive carries out the companies marketing activities, they advise sales manager to understand the customer's need.
What is the role of senior marketing executive?The senior marketing executive carries out the marketing activities, plan the strategies to maximize profits and to achieve the target of a company.
When a senior marketing executive act as team lead:they are expected to increase sales and maximize the companies profit. They recommend sale manger to know the customer's expectation and make sales accordingly. You require people in team who have experience in the field and have academic specialization also.
Therefore, the above explanation aptly describes the role of senior marketing executive
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The quantity demanded of cereal increased from 1,350 to 1,700 when the price of milk decreased from $2.05 to $1.65. What is the estimated cross-price elasticity of demand for cereal
Answer:
-1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are -substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B
percentage change in quantity demanded of good = (1700/ 1350) - 1 = 0.259
percentage change in price = (1.65 / 2.05) - 1 = -0.195
0.259 / -0.195 = -1.33
The following information pertains to Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year
Accounts receivable $9,800 $14,200
Inventory 13,100 9,100
Salaries payable 1,620 870
Required:
Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.
Answer:
Peak Heights Company
PEAK HEIGHTS COMPANY
Statement of Cash Flows
Operating Activities Section
Net income $15,625
Non-cash flow: Depreciation 6,700
Changes in working capital:
Accounts receivable -$4,400
Inventory 4,000
Salaries payable 750
Net cash from operating activities $22,675
Explanation:
A) Data and Calculations:
Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year Changes
Accounts receivable $9,800 $14,200 -$4,400
Inventory 13,100 9,100 4,000
Salaries payable 1,620 870 750
The following data are from the financial statements of the Riverton Company.
Current assets $55,000
Total liabilities $95,000
Total assets 125,000
Net income 18,000
Current liabilities 25,000
Sales 275,000
Answer:
then what i have to found
Contrary to popular opinion, CEOs of major U.S. companies come from a wide variety of private universities and state universities, not just a handful of well-publicized MBA programs. What does this fact tell you about sources of power and organizational politics
Answer: Power is earned
Explanation:
The fact that so many influential CEOs come from such a wide array of universities shows that they had to work to get to where they are today and were not simply handed positions because of the university they came from.
It shows that if one wants to succeed in business, their alma mater does not matter. They could be from an Ivy league college or from a state college in Mississippi, what matters is their determination to work hard and gain a good track record that will take them all the way to the top.
Southwest Airlines wants to raise $20 million to finance the renovation of their corporate offices, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
a. It could issue $20 million in stocks.
b. It could sell $20 million in bonds.
c. It could borrow $20 million from a bank.
d. It could choose either A or B.
Answer:
D
Explanation:
Direct finance is when a company or individual borrows money directly from the financial market without the aid of a financial intermediary.
Examples include :
issuing bondsissuing sharesIndirect finance is when a company or individual borrows money through a financial intermediary. for example, borrowing from a bank
According to Laurent, managers in Sweden, Denmark, and Great Britain believe that employees should ________. A. adopt a collectivist mindset B. participate in problem solving C. be "fed" all the answers by their superiors D. not be involved in the decision-making process
Answer:
B. participate in problem solving
Explanation:
André Laurent published the Cross Cultural Puzzle of International Human Resource Management.
This citation looks at how managers in different cultures interact with their employees based on the prevalent sociological tendencies of the country.
People from different cultures tend to perceive communication differently when they interact in the workplace.
He found that employees for Sweden, Denmark, and Great Britain like to participate in problem solving.
Design a plan that can be implemented in your life to become a higher level professional
Answer:
become a rapper
Explanation:
The number of all credit-card holders in the U.S. is IN(a) million card holders and the collective amount of credit card debt that all credit-card holders carry is D(x) billion dollars, x years after 2010. The average credit card debt per card holder at year x is:
Answer: D(x) / IN(a)
Explanation:
If one wanted to find out the average credit card debt per card holder then the correct formula would be:
= Amount of debt that all credit card holders carry / Number of credit card holders
As the amount of debt that all credit card holders carry is denoted by D(x) and the number of credit card holders is IN(a), the average credit card debt per card holder is:
= D(x) / IN(a)
When a shift in ________ occurs, rational expectations hold that its impact on output and employment will only be minimal.
Answer:
Aggregate demand occurs.
Explanation:
The aggregate demand curve of the AD curve will move to the right and components of the demand like consummation, government, and investment spending on the exports and imports will rise. Macroeconomics states that the curve is vertical over time and people should rationally accept this pattern.If 2,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to:
Answer: $14,550
Explanation:
Within a certain activity range, the fixed cost remains the same so in this activity range of $2,200 to $5,000, the fixed overhead cost will remain the same:
= 3 * 3,600 units
= $10,800
Variable overhead costs will vary by units:
= 2,500 * 1.50
= $3,750
Total cost = 10,800 + 3,750
= $14,550
A competitive market analysis takes into consideration?
Answer:
A competitive analysis is the process of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to your own business, product, and service. The goal of the competitive analysis is to gather the intelligence necessary to find a line of attack and develop your go-to-market strategy.Explanation:
#AnswerForTrees4. You want to take out a fully-amortizing 30-year mortgage. You can afford monthly payments of $600 each. The interest rate is 9%. How much money can you borrow?
Answer: $74569
Explanation:
Based on the information given in the question, the amount that can be borrowed is explained below:
Present value of annuity will e calculated as:
= 600 × [1-(1+0.09/12)^-(12 ×30)] / (0.09/12)
= 600 × [1-(1+0.0075)^-(360)] / 0.0075
= 600 × 1-(1.0075)^-(360)] / 0.0075
= 600 × [1-0.0678860074] / 0.0075
= 600 × 124.282
= 74569
The amount that can be borrowed is $74569
Here are data on two companies. The T-bill rate is 4.8% and the market risk premium is 5.9%. Company $1 Discount Store Everything $5 Forecast return 12 % 11 % Standard deviation of returns 12 % 14 % Beta 1.6 1.0 What would be the fair return for each company, according to the capital asset pricing model (CAPM)? (Round your answers to 2 decimal place
Answer and Explanation:
The computation of the fair return for each company is shown below:
Fair Return = Risk free rate of return + Beta × market risk premium
= 4.8 + 1.6 × 5.9
= 14.24%
Now
Everything $5 is
= 4.8 + 1 × 5.9
= 10.7%
Hence, the same should be considered
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond
Answer:
Bond Price= $846.3
Explanation:
Giving the following information:
YTM= 0.05
Maturity= 15*2= 30 semesters
Par value= $1,000
Coupon= $40
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]
Bond Price= 614.90 + 231.38
Bond Price= $846.3
Scenario:
AlphaCo and BetaCo are both mid-sized pharmaceutical companies that employ over a thousand workers. The highest paid employees at each company are the executives and the senior level researchers.
This year, both companies have a raise pool of $5,000,000 - that is, each can raise the total compensation paid to all of its workers by a total of five million dollars.
AlphaCo uses $3,500,000 of its raise pool to increase pay for executives and researchers. Most of the other workers receive small raises, and some receive no raise at all.
BetaCo uses $3,500,000 of its raise pool to give everyone in the firm an equal 5% raise. Some key employees receive a raise of over 5%.
1. Which company will have employees who are, overall, more satisfied? Why?
2. Which company is likely to outperform the other over the next year? Why?
Answer:
BetaCo BetaCoExplanation:
BetaCo raised the salaries of everyone in the company meaning that even those who were not getting paid so much saw their salaries increase. Employees here will feel more appreciated as a result of this financial incentive as opposed to AlphaCo that neglected to cater for all its employees in an equal manner.
BetaCo will outperform AlphaCo over the next year all else equal because motivated employees tend to work harder for a company. In addition, BetaCo increased the salaries of key staff by more than 5%. Those key staff will work harder as a result of this incentive and push the company further than AlphaCo.
Part E14 is used by M Corporation to make one of its products. A total of 19,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials $ 4.10 Direct labor $ 8.70 Variable manufacturing overhead $ 9.20 Supervisor's salary $ 4.60 Depreciation of special equipment $ 3.00 Allocated general overhead $ 8.20 An outside supplier has offered to make the part and sell it to the company for $29.50 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part E14 could be used to make more of one of the company's other products, generating an additional segment margin of $31,000 per year for that product. The annual financial advantage (disadvantage) for the company as a result of buying part E14 from the outside supplier should be:
Answer: ($24100)
Explanation:
The annual financial advantage (disadvantage) for the company goes thus:
The relevant cost to produce will be:
= ($4.10 × 19,000) + ($8.70 × 19,000) + ($9.20 × 19,000) + ($4.60 × 19,000) + $31,000
= $77900 + $165300 + $174800 + $87400 + $31000
= $536,400
The relevant costs to buy will be:
= 19,000 × $29.5
= $560,500
Since the relevant cost to buy is more than the relevant cost to produce, then the financial disadvantage will be:
= $560500 - $536,400
= $24,100
The answer is ($24,100)
Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gross tax liability
Answer:Jamie's gross tax liability is $19,572.50
Explanation:
Since Jamie is single with taxable income of $108,000 which includes $5,800 long term capital gain.
Therefore $102,200 (108,000 -5,800) will be taxed under normal tax rates and $5,800 would be under long term capital gain tax rate.
With regards the 2020 tax schedule, Since her ordinary income is $102,200, Jamie falls under 24% rate tax bracket under filing for single status.
qd
Tax liability on ordinary income =$14,382.50 plus 24% of any income you made above $84,200
14,382.50 + 0.24 (102,200 - 84,200)
14,382.50 + 0.24 x 18000
= 14,382.50 + 4,320
= $18,702.50
Also, according to her income, longterm capital gain tax applicable in 2020 is 15%
Tax on long term capital gain = 5,800 × 0.15
= $870
Jamie's gross tax liability is $18,702.50 + 870 = $19,572.50
D.Now, if the inflation rate is 18%, the nominal rate of interest on the CD is 24%, and the interest is not taxable, what is the real interest rate on the CD
Answer: 6%
Explanation:
Inflation increases prices in an economy and therefore makes a currency weaker because the currency will only be able to buy less than what it was able to.
Inflation therefore affects returns which is why the real returns are the more relevant measure.
The real interest rate accounts for inflation by using the formula:
= Nominal rate - Inflation rate
= 24% - 18%
= 6%
What is the end behavior of the graph of the polynomial function f(x)
Answer:
f(x) approaches infinity as x approaches infinity
Explanation:
Given
[tex]f(x) = 3x^6 + 30x^5+ 75x^4[/tex]
Required
The end behavior of the graph
We have:
[tex]f(x) = 3x^6 + 30x^5+ 75x^4[/tex]
The above expression implies that:
[tex]f(x) = 3x^6 + 30x^5+ 75x^4[/tex]
The leading coefficient is 3 (3 is positive)
And the degree of the polynomial is 6 (6 is even)
When the leading coefficient is positive and the degree is even; the end behavior of the function is:
[tex]x \to \infty[/tex]
[tex]f(x) \to \infty[/tex]
Kathleen Taylor is a high school student who has been investigating the possibility of mowing lawns for a summer job. She has a couple of friends she thinks she could hire on an hourly basis per job. The equipment, including two new lawnmowers and weedeaters, would cost her $500, and she estimates her cost per lawn, based on the time required to pay her friends to mow an average residential lawn (and not including her own labor) and gas for driving to the jobs and mowing, would be about $14.
a. If she charges customers $30 per lawn, how many lawns would she need to mow to breakeven?
b. Kathleen has 8 weeks available to mow lawns before school starts again, and she estimates that she can get enough customers to mow at least three lawns per day, 6 days per week. How much money can she expect to make over the summer?
c. Kathleen believes she can get more business if she lowers her price per lawn. If she lowers her price to $25 per lawn and increases her number of jobs to four per day (which is about all she can handle anyway), should she make this decision?
Answer:
Kathleen Taylor
a. The break-even lawns she needs to mow is:
= 31.25 lawns.
b. She can then expect to make $4,320 in Service Revenue and $2,304 in net income.
c. She should not lower her price.
Explanation:
a) Data and Calculations:
Cost of equipment = $500
Cost per lawn = $14
Price per lawn = $30
Contribution per lawn = $16 ($30 - $14)
Break-even point = $500/$16
= 31.25 lawns
Available period = 8 weeks
Number of lawns per day = 3
Working days per week = 6
Number of lawns per week = 18
Number of lawns for the period = 144 (18 * 8)
She can then expect to make $4,320 in Service Revenue and $2,304 in net income.
Number of lawns for the period = 192 (4 * 6 * 8)
Service revenue = $4,800 (192 * $25)
Net income = $2,112 (192 * $11)
The Best Company is reviewing two options for replacing a piece of machinery. The first machine costs $100,230 and has a four-year life. The second machine costs $155,000 and has a six-year life. Neither machine will have a salvage value. The machines will be replaced at the end of their life. What method should be used to determine which machine to purchase?
Answer:
Equivalent annual cost method
Explanation:
Equivalent annual cost method is a method used to choose between two projects with an unequal life span
The decision rule is to choose the product with the higher Equivalent annual cost
Equivalent annual cost method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable
Quasik Corporation will be receiving 300,000 Canadian dollars (C$) in 90 days. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. Quasik plans to purchase options to hedge its receivable position. Assuming that the spot rate in 90 days is $.71, what is the net amount received from the currency option hedge
Answer:
216000
Explanation:
($.73 - $.01) x 300,000
The net amount received from the currency option hedge is $216,000.
What is a call option?A call option is a contract that grants the option buyer the right to purchase an underlying asset at a particular price and time period.
A call option grants you the right, but not the obligation, to buy a stock at a specified price known as the strike price by a specific date at the expiration of the option.
According to the given question, Quasik intends to hedge its receivable position by purchasing options. Because Quasi will get CAD in the future, it should purchase a put option, or the right to sell.
Put option purchase cost = 0.01 * 300,000
= 3,000
Because the spot rate is $0.71 per CAD after 90 days, Quasik will exercise its option at the rate of $0.73 per USD.
Received amount = 0.73 * 300,000
= 219,000
After deducting the cost of purchasing the option, the net amount received is,
= 219,000 - 3,000
= 216,000.
The is $216,000 is the net gain from the currency option hedge.
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Apple Computers Issued a 30-year $8,000,000 bond on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannually on June 30 and December 31st. What is the amount that Apple Computers would record as interest expense on June 30, 20xx (the first interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st?
Answer:
$200,000
Explanation:
Now, it is assumed here that the bonds are issued at par.
First interest payment = Face Value * Stated Interest Rate * Half yearly
First interest payment = $8,000,000 * 5% * 1/2
First interest payment = $200,000
So, the amount that Apple Computers would record as interest expense on June 30 is $200,000.
On April 1, Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method
Answer:First Year Depreciation= $84,000
Second Year Deprecation= $78,400
Explanation:
Using Double declining
We have that :
Depreciation value = Cost - Salvage value
$280,000 - $40,000 =$240,000
Since machine is expected to depreciate for 5 years, Annual depreciation = 240,000 / 5 years
= $48,000
Annual Depreciation Rate = 48,000 / 240,000 = 20%
Therefore, Double declining = 20 x 2 = 40%
First Year Depreciation: from April to December
= 40% x 280,000 x 9/12 months
= $84,000
Second Year Deprecation:
= 40% x (280,000 - 84,000)
= $78,400
A recent study determined that, at the current market price, there is a shortage of widgets in Pleasantville. If the market for widgets is allowed to adjust, the ultimate result will be:
Answer: b. an increase in price and an increase in the quantity supplied
Explanation:
According to the law of supply and demand, when the supply of a good is low, the price should be high to reflect this scarcity. In this case, the supply of widgets is low, hence the shortage.
If the market was able to freely adjust, the price of widgets would increase to reflect this shortage. When supplies see this increase, they will increase their supply so as to earn more profits.