Answer:
203,000
Explanation:
Is the answer to this question
The Milestone Decision Authority is responsible for establishing the Critical Operational Issues (COIs) that will be addressed in testing.
A. True
B. False
Answer:
False
Explanation:
Colette Value Inc., a game development firm, has received a new project that involves the development of a mobile game. The project must be completed within a year. The company, however, is facing a shortage of mobile game developers and must hire 50 developers to ensure the timely completion of the project. As a result, the firm decides to take part in a job-related event that would give the firm access to a large pool of applicants at the same time. Which of the following recruitment options has Colette Value decided to use to find a large number of suitable candidates in a short time?
a. Alumni networks.
b. Job fairs.
c. Job posting systems.
d. Employee referrals.
Answer:
b. Job fairs.
Explanation:
Job fairs is the quickest method to bring the right talent as at the job fairs the people who wants to look for the job presently and on urgent basis so it will be considered. Also it considered the young and the latest talent plus the right candidates that hired in some days. Due to this, it saves the cost also received the best talent
So as per the given situation, the option b is correct
Work in process inventory, September 1 (2,000 units, 100% complete with respect todirect materials, 80% complete with respect to direct labor and overhead; includes$45,000 of direct material cost, $25,600 in direct labor cost, $30,720 overhead cost) $ 101,320 Units started in April 28,000 Units completed and transferred to finished goods inventory 23,000 Work in process inventory, September 30 (? units, 100% complete with respect to direct materials, 40% complete with respect to direct labor and overhead) ? Costs incurred in September Direct materials $ 375,000 Conversion $ 341,000Required:Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing.(Round "Cost per EUP" to 2 decimal places.)1. The number of physical units that were transferred out and the number that are in ending work in process inventory.2&3. The number of equivalent units for materials and conversion for the month.4&5. The cost per equivalent unit of materials and conversion for the month6. The total cost of goods transferred out.7. The total cost of ending work in process inventory.
Answer:
1. Number of physical units transferred out = 23,000 units
Number of units in ending work in process = 7,000 units
2. The number of equivalent units for materials = 30,000 units
3. The number of equivalent units for conversion = 25,800 units
4. The cost per equivalent units for materials = $14.00
5. The cost per equivalent units for conversion = $15.40
6. The total cost of goods transferred out = $676,200
7. The total cost of ending work in process inventory = $141,120
Explanation:
a) Data and Calculations:
Units Materials Conversion Total
Work in process inventory,
September 1 2,000 100% 80%
Cost of beginning WIP $45,000 $56,320 $101,320
Cost during April 375,000 341,000 716,000
Total production costs $420,000 $397,320 $817,320
Units started in April 28,000
Total units in process 30,000 (2,000 + 28,000)
Units transferred out 23,000 23,000 23,000
Ending WIP, Sept. 30 7,000 7,000 (100%) 2,800 (40%)
Total equivalent units 30,000 25,800
Cost per EUP $14.00 ($420,000/30,000) $15.40 ($397,320/25,800)
Cost of goods transferred out $322,000 $354,200 $676,200
($14.00 * 23,000) ($15.40 * 23,000)
Cost of ending WIP $98,000 $43,120 $141,120
($14.00 * 7,000) ($15.40 * 2,800)
Total costs accounted for $420,000 $397,320 $817,320
Prepaid Insurance is $23,149. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $15,510. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2017, for $10,224. This policy has a term of 18 months. Prepare the adjusting entries at December 31, 2017.
Answer:
Journal Entry
December 31, 2017
Dr. Insurance Expense-Building $5,170
Cr. Prepaid Insurance-Building $5,170
Dr. Insurance Expense-Motor vehicle $6,816
Cr. Prepaid Insurance-Motor vehicle $6,816
Explanation:
First, we need to calculate the Amount of insurance expense accrued in the year for each insurance
Policy B4564
Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy
Insurance expense accrued = $15,510 x 1 year / 3 years
Insurance expense accrued = $5,170
Policy A2958
Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy
Insurance expense accrued = $10,224 x 12 months / 18 months
Insurance expense accrued = $6,816
MC Qu. 157 West Company estimates that overhead costs... West Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $880,000 for factory utilities. The company uses machine hours as its overhead allocation base. Of 125,000 machine hours are planned for this next year, what is the company's plantwide overhead rate
Answer:
$35,84 per machine hour
Explanation:
Plantwide overhead rate = Budgeted overheads ÷ Budgeted Activity
where,
Budgeted overheads = $3,600,000 + $880,000 = $4,480,000
Budgeted Activity = 125,000 machine hours
therefore,
Plantwide overhead rate = $4,480,000 ÷ 125,000
= $35,84 per machine hour
Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $1,300,000. According to independent appraisals, the fair values were $630,000 (building A) and $280,000 (building B) for the buildings and $490,000 for the land. Required: Determine the initial valuation of the buildings and the land.
Answer:
Pinewood Company
Initial valuation of the buildings and the land are:
Building A = $585,000
Building B = $260,000
Land = $455,000
Explanation:
a) Data and Calculations:
Purchase price of buildings and land = $1,300,000
Fair values of:
Building A = $630,000
Building B = $280,000
Land = $490,000
Total fair value = $1,400,000
Initial valuation of the buildings and the land are:
Building A = $630,000/$1,400,000 * $1,300,000 = $585,000
Building B = $280,000/$1,400,000 * $1,300,000 = $260,000
Land = $490,000/$1,400,000 * $1,300,000 = $455,000
Total fair value = $1,300,000
Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws
Answer:
The price elasticity of demand is -9.00.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The table below shows the weekly demand for machine screws at the local hardware store.
Price (dollars per pack of 100 screws) Quantity (packs of 100 screws)
$5.00 0
4.50 60
4.00 120
3.50 180
3.00 240
2.50 300
2.00 360
1.50 420
1.00 480
0.50 540
0.0 600
Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws:
The explanation of the answer is now provided as follows:
New quantity = 120
Old quantity = 60
New price = $4.00
Old price = $4.50
Using the formula for calculating the starting point method for elasticity of demand, we have:
Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity) = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60) = -9.00
Therefore, the price elasticity of demand is -9.00.
The price elasticity of demand is -9.00.
Given information
New quantity = 120
Old quantity = 60
New price = $4.00
Old price = $4.50
Now, we will use the formula below for calculating the starting point method for elasticity of demand.
Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity)
Price elasticity of demand = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60)
Price elasticity of demand = -9.00
In conclusion, the price elasticity of demand is -9.00.
Read more about price elasticity of demand
brainly.com/question/5078326
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Transaction
i. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
ii. Beth gets a new refrigerator made in the United States Andrewbuys a bottle of Italian wine.
iii. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
iv. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website,
Answer and Explanation:
The classification is as follows:
i. It is an investment as the employer of andrew spent money for upgrading the system so that the productivity could be increased due to this it will give benefits till the long term
ii. It is a consumption as the product is made in US and the same should be consumed in US only
It is a consumption and imports as the andrews purchased the bottle
iii. It is a government spending as the government used the money for creating the infrastructure that should beneficial for the general public
iv. It is an export as father lived in sweden and the maple syrup should be delivered to the foreign party
There is no toll charge to drive on freeway A. If there is freeway congestion at 9 a.m., there will be greater freeway congestion at 11 a.m. if _______.
1. more people carpool at 11 a.m. than at 9 a.m.
2. none of these options.
3. the demand to drive on the freeway is the same at both times.
4. the demand to drive on the freeway at 9 a.m. is greater than the demand to drive on the freeway at 11 a.m.
5. the demand to drive on the freeway at 11 a.m. is greater than the demand to drive on the freeway at 9 a.m.
Answer:
5
Explanation:
If there is greater freeway congestion at 11 a.m than at 9am, it means that more people are using the road at 11am compared to 9am. This means that the demand to drive on the freeway at 11 a.m. is greater than the demand to drive on the freeway at 9 a.m.
If more people carpool at 11 a.m. than at 9 a.m, there would be less cars on the road at 11am. this would make the freeway less congested at 11am when compared to 9am
Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. Group of answer choices The bonds were sold at a discount, with annual interest expenses more than $18,000 The bonds were sold at a discount, with annual interest expenses less than $18,000 The bonds were sold at a premium, with annual interest expenses more than $18,000 The bonds were sold at a premium, with annual interest expenses less than $18,000 The bonds were sold at par, with annual interest expenses equal to $18,000
Answer:
The bonds were sold at a premium, with annual interest expenses less than $18,000
Explanation:
r = 4% per annum = 4%*6/12 = 2%
n = 5 years * 2 = 10
Present value of annuity factor = [1 - (1+r)^(-n)] / r
Present value of annuity = [1 - (1.02)^(-10)] / 0.02
Present value of annuity = 8.982585
Interest payment = $300,000*6%*6/12
Interest payment = $9,000
Present value factor = 1/(1+r)^n
Present value factor = 1 / (1.02)^10
Present value factor = 0.8203483
Face value = $300,000
Selling value of bond = [8.982585*9000] + [0.8203483*300,000]
Selling value of = 80,843.265 + 246,104.49
Selling value of = 326,948. (Amount that bond are sold for is greater than 300,000 i.e at a premium).
Coupon rate payment = $300,000*6%
Coupon rate payment = $18,000
What is Brad doing when he starts dialoguing with his colleagues about their opinions related to tobacco use at the hospital
Answer: Using collective strategies
Explanation:
Collective strategies has to do with the organizing of people in order to be able to change health damaging environment and this is done through several strategies such as the provision of educational forums, building coalitions, lobbying for legislative changes etc.
Therefore, Brad dialogue with his colleagues about their opinions related to tobacco use at the hospital is the use of collective strategies.
Suppose that a firm currently produces 100 units using 10 units of K and 14 units of labor per day. The wage rate is $100 and the rental rate is $150 per day. The cost to produce this output is
Answer: $2,900
Explanation:
The cost of this amount of output is:
= (Amount of K used * Rental rate of capital) + (Amount of labor used * wage rate)
= (10 * 150) + (14 * 100)
= 1,500 + 1,400
= $2,900
Journalizing credit sales, note receivable transactions, and accruing interest.
Endurance Running Shoes reports the following:
2018
May 6 Recorded credit sales of . Ignore Cost of Goods Sold.
Jul. 1 Loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note.
Dec. 31 Accrued interest revenue on the Paul note.
2019
Jul. 1 Collected the maturity value of the Paul note.
Journalize all entries required for Endurance Running Shoes.
Answer:
6-May-18
Dr Accounts receivables $102,000.00
Cr To Sales revenue $102,000.00
1-Jul-18
Dr Note receivables $18,000.00
Cr To Cash $18,000.00
31-Dec-18
Dr Interest receivables $630.00
Cr To Interest revenue $630.00
1-Jul-19
Dr Cash $19,260.00
Cr To Interest revenue $630.00
Cr To Interest receivables $630.00
Cr To Note receivables $18,000.00
Explanation:
Preparation of the journal entries required for Endurance Running Shoes.
6-May-18
Dr Accounts receivables $102,000.00
Cr To Sales revenue $102,000.00
(To record sales revenue)
1-Jul-18
Dr Note receivables $18,000.00
Cr To Cash $18,000.00
(Being loan given)
31-Dec-18
Dr Interest receivables ($18,000*7%*6/12) $630.00
Cr To Interest revenue $630.00
(To record interest accrued)
1-Jul-19
Dr Cash $19,260.00
($18,000+$630+$630)
Cr To Interest revenue $630.00
Cr To Interest receivables $630.00
($18,000*7%*6/12)
Cr To Note receivables $18,000.00
(To record receipt of note at maturity)
The specific actions to be taken in implementing a strategy.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
In general terms, the specific actions to be taken in implementing a strategy are the following.
First of all, the manager has to clearly define the strategic plan and its content.
Then, define the general goal, and specific goals. It is highly recommended to use the SMART formula. Goals have to be specific, measurable, attainable, realistic, and time-bound.
Then, define the Key Performing Indicators or KPI's. These will serve to define the results the company expects to accomplish with the plan.
Create a series of programs and specific actions to reach the goals.
Then, to implement the tactics or specific programs.
Monitoring the programs and then evaluate the results to provide feedback.
The following information is available for Jorgensen Company: a. The Cash Budget for March shows a bank loan of $10,000 and an ending cash balance of $48,000. b. The Sales Budget for March indicates sales of $120,000. Accounts receivable is expected to be 70% of March sales.
Answer:
Accounts receivable is
Explanation:
Expected accounts receivable is 70% of sales amount. The sales budget is $120,000 then accounts receivable will be $84,000. The rest of sales will be in cash, so the cash collection for the month of march will be $36,000. The new cash balance will be $36,000 + $48,000 = 84,000.
If elasticity of demand is 0.6, elasticity of supply is 0.6, and a 20% excise tax is levied on the good:________a. The fraction of the tax borne by consumers will be 0.5. b. The fraction of the tax borne by suppliers will be 0.6 c. The fraction of the tax borne by consumers will be 0.6. d. The fraction of the tax borne by suppliers will be 0.3.
Answer:
The correct option a. The fraction of the tax borne by consumers will be 0.5.
Explanation:
The tax burden is determined by the supply and demand price elasticity. Consumers bear the burden of the tax more than the suppliers when supply is more elastic than demand. When demand is more elastic than supply, the tax burden falls more on suppliers than consumers. When demand elasticity and supply elasticity are identical, the tax burden is shared equally by consumers and suppliers.
From the question, we have:
Elasticity of demand = Elasticity of supply = 0.6
Since demand elasticity and supply elasticity are identical, the burden of 20% excise tax is shared equally by consumers and suppliers. That 50% by 50%, or 0.5 by 0.5.
Therefore, the correct option a. The fraction of the tax borne by consumers will be 0.5.
Worldwide Manufacturing produces a unique valve and has the capacity to produce 50,000 valves annually. Currently Worldwide produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. What is the most likely behavior of total manufacturing costs and unit manufacturing costs, given this change
Answer:
c) Total manufacturing costs will increase and unit manufacturing costs will also decrease.
Explanation:
Based on the information given the most likely behavior of total manufacturing costs and unit manufacturing costs, given this change is that TOTAL MANUFACTURING COSTS WILL INCREASE AND UNIT MANUFACTURING COSTS WILL DECREASE since Manufacturing cost consists of DIRECT MATERIALS, DIRECT LABOR, VARIABLE MANUFACTURING OVERHEAD and FIXED MANUFACTURING OVERHEAD in which direct materials, direct labor and variable manufacturing overhead are Variable expense which means that if the production increases from $40,000 to $45,000 the total manufacturing cost will as well INCREASE but due to the FIXED MANUFACTURING COST involved , the unit manufacturing cost will have to decrease.
which one between vodacom and mtn can be considered as price leader in south africa ?
Explanation:
Vodacom, it's one of the most popular everywhere
Scottie Adams Bird Supplies issued 15% bonds, dated January 1, with a face amount of $310,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021
Answer:
a. $326,421.
Explanation:
Missing word "Some relevant and irrelevant present value factors:
* PV of annuity due of $1: n = 20; i = 7% is 11.33559
* PV of ordinary annuity of $1: n = 20; i = 7% is 10.59401
**PV of $1: n = 20; i = 7% is 0.25842
Multiple Choice $326,421. $361,100. $572,732. $292,814."
Semi annual cash interest = 23250 (310,000*15%*6/12)
n = 20
I =7%
Cashflows Amount PVF Present value
Semi annual cash interest 23250 10.59401 246,310.70
Maturity value 310,000 0.25842 80,110.20
Price of bonds $326,420.90
An organizational structure is Multiple Choice the arrangement or relationship of positions within an organization. based on the company's shared beliefs and values. usually not seen in government and nonprofit organizations. only applicable to formal organizations. fixed, even if the company grows in size.
Answer:
the arrangement or relationship of positions within an organization.
Explanation:
The organizational structure corresponds to the arrangement or relationship of positions within an organization, that is, the structure refers to the company's structure by department, position and function, which makes up the organizational hierarchy.
The structure is not fixed, it can be changeable according to the objectives and goals of a company, but to change it it is necessary to share the vision with the stakeholders and analyze the change, since the organizational structure also establishes the culture and the form of relationship within a company.
In the centralized structure, decision-making occurs hierarchically from the highest to the lowest positions, whereas in the decentralized structure, the lower hierarchical levels also participate in the decision-making process, requiring the alignment of the organizational structure with the values and objectives of the company.
Combining a protective put with a forward contract generates equivalent outcomes at expiration to those of a:
Answer:
Fiduciary call.
Explanation:
Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
A covered interest arbitrage can be defined as trading strategy in which an investor minimizes his or her currency risk by using a forward contract to hedge against the interest rate difference between two countries i.e the exchange rate risk. Thus, it's considered to be the most common interest rate arbitrage around the world.
Generally, when a protective put is combined with a forward contract it would generate equivalent outcomes at expiration to those of a fiduciary call.
This ultimately implies that, a fiduciary call combines both a call option and a bond that's risk free and matures on the expiry date of an option.
Joe quits his computer programming job, where he was earning a salary of $ per year, to start his own computer software business in a building that he owns and was previously renting out for $ per year. In his first year of business he has the following expenses: salary paid to himself, $; rent, $0; and other expenses, $. Find the accounting cost and the economic cost associated with Joe's computer software business. (Enter numeric responses using an integer.) The accounting cost of Joe's business is $ 107000- nothing. (Enter your response as an integer.)
Answer:
accounting cost = $65,000
economic cost = $74,000
Explanation:
Here is the complete question
Joe quits his computer programming job, where he was earning a salary of $50,000year, to start his own computer software business in a building that he owns and was previously renting out for $24,000/year. In his first year of business he has the following expenses: salary to himself, $40,000; rent, $0; other expenses, $25,000.
Find the accounting cost and economic cost associated with Joe's computer software business.
There are two types of costs
1. Economic cost or Implicit cost or opportunity cost : Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is used in calculating economic profit
By starting his business, joe is forgoing his income and the rent he could have earned on his building
$50,000+ $24,000 = 74,000
2. Explicit cost : It includes the amount expended in running the business. It is used in calculating accounting profit
They include rent , salary and cost of raw materials
40,000+ 25,000 = 65,000
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department follows. Beginning work in process inventory$60,100 Direct materials added during the month 1,231,200 Conversion added during the month 896,700 Exercise 03-7A FIFO: Costs per EUP LO C4 Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming departmen
Answer:
Fields Company
Forming Department
Materials Conversion
1. The equivalent units of production 304,000 294,000
2. The costs per equivalent unit $4.05 $3.05
Explanation:
a) Data and Calculations:
Units Materials Conversion
Work in Process 25,000 60% 40%
Units started 300,000
Ending WIP 30,000 80% 30%
Units completed 295,000 100% 100%
Equivalent Units:
Units Materials Conversion
Work in Process 25,000 10,000 (40%) 15,000 (60%)
Units started 300,000
Ending WIP 30,000 24,000 (80%) 9,000 (30%)
Units completed 295,000 100% 100%
Units started and
completed 270,000 270,000 270,000
Total equivalent units 304,000 294,000
Units Materials Conversion Total
Costs added during the month $1,231,200 $896,700 $2,127,900
Total equivalent units 304,000 294,000
Cost per equivalent unit $4.05 $3.05
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 110,000 $ 55,000 $ 165,000 Variable expenses 27,400 5,600 33,000 Contribution margin $ 82,600 $ 49,400 132,000 Fixed expenses 93,840 Net operating income $ 38,160 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Answer:
1. Overall contribution margin ratio for the company = 80%
2. Company's overall breakeven point in dollar sales = $117,300
3. Net operating income = $0
Explanation:
1. What is the overall contribution margin (CM) ratio for the company?
Overall contribution margin ratio for the company = (Total contribution margin / Total sales) * 100 = ($132,000 / $165,000) * 100 = 80%
2. What is the company's overall break-even point in dollar sales?
Company's overall breakeven point in dollar sales = Fixed cost / Contribution margin ratio = $93,840 / 80% = $117,300
3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Note: See Part 3 of the attached excel file for the contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
From the Part 3 of the attached excel file, we have:
Net operating income = $0
a. After the magazine The Economist publishes an article indicating that analysts expect the value of Tunisian dinars to rise relative to Peruvian sol, Peru's currency will
Answer: Depreciate
Explanation:
The Economist is a widely respected financial and economic magazine which means that their articles can cause movements in the market especially when backed up by analysts.
The Economist believes that the Tunisian Dinar will rise relative to the Peruvian Sol, this means that the Peruvian Sol will depreciate against the Tunisian Diner. Some people and entities holding Peruvian Sol assets will try to offload it so that they do not suffer losses.
This increase in supply and reduction in demand for the Peruvian Sol will lead to it depreciating.
Bill’s Mechanical Devices Inc. produces robots for the automotive industry. If its average variable costs are given by AVC = 25, its fixed costs are $2,500, and it charges $75 a robot, what is Bill’s break-even level of output?
Answer:
50 units
Explanation:
The computation of the break even level of output is given below:
TVC = AVC × Q
= 25 × Q
Total cost is
= TVC + FC
= 25Q + $2,500
Total revenue is
= P × Q
= 75Q
Now in Break even
TR = TC
75Q = 25Q + $2,500
Q = $2,500 ÷ 50Q
= 50 units
XYZ Company has a variable cost ratio of 40%, fixed expenses of $200,000, and desires to earn operating income of $100,000. Total sales revenue required to achieve XYZ Company's desired operating income is:
Answer:
Sales revenue = $500,000
Explanation:
Below is the calculation:
Formula for variable cost ratio = Total variable expenses (Total variable cost) / Net Sales = 40%
40% = Total variable cost / Net Sales
Total variable cost = 0.40 Net sales
Operating income = Total revenue - fixed cost - variable cost
100,000 = Total revenue - 200,000 - 0.40 total revenue
300,000 = 0.60 total revenue
Total Revenue = 300,000/ 0.6
Sales revenue = $500,000
When computing equivalent units of production, the method that combines partially completed units in beginning inventory with current-period production is the
Answer: the weighted average method
Explanation:
When computing the equivalent units of production, the weighted average method can be used in the combination of partially completed units in the beginning inventory with the current-period production.
In Weighted Average Cost method, a weighted average is used in the determination of the amount which gives into the inventory and the cost of goods sold.
Decrease in money demand shifts the (IS/LM ) curve to the _____________ and leads to a ________________ in Y and ______________ in r.
Answer:
LM curve will shift left and lead to decrease in Y and increase in r.
Explanation:
When money demand decreases, it will cause LM curve to shift up to the left. There will be decrease in Fed which causes decrease in money supply. The upward shift of LM curve will lower the income and raise interest rates.
Merchandise inventory: A. Is a long-term asset. B. Is a current asset. C. Includes supplies. D. Is classified with investments on the balance sheet. E. Must be sold within one month.
Merchandise Inventory is classified into the financial statements of a company as a current asset.
What is a current asset?The kind of asset whose benefits are fully utilized by the company within a year and do not last for more than a year in the company's financial statements are known as current assets.
Hence, option B states about current assets.
Learn more about current assets here:
https://brainly.com/question/14287268
#SPJ1