Answer:
There will be more options than 2 of them. Probably it was a brainly error.
For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is price.
Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while managing heat. Y-Go has become very popular in undergarments for sports activities. Operating at capacity, the company can produce 1,053,000 Y-Go undergarments a year. The per unit and the total costs for an individual garment when the company operates at full capacity are as follows.
Per Undergarment Total
Direct materials $1.96 $2,063,880
Direct labor 0.47 494,910
Variable manufacturing overhead 0.98 1,031,940
Fixed manufacturing overhead 1.41 1,484,730
Variable selling expenses 0.38 400,140
Totals $5.20 $5,475,600
The U.S. Army has approached Klean Fiber and expressed an interest in purchasing 249,700 Y-Go undergarments for soldiers in extremely warm climates. The Army would pay the unit cost for direct materials, direct labor, and variable manufacturing overhead costs. In addition, the Army has agreed to pay an additional $1.01 per undergarment to cover all other costs and provide a profit. Presently, Klean Fiber is operating at 70% capacity and does not have any other potential buyers for Y-Go. If Klean Fiber accepts the Army’s offer, it will not incur any variable selling expenses related to this order.
Required:
Prepare an incremental analysis for the Klean Fiber.
Answer:
Klean Fiber Company
Incremental Analysis for the
Special order by the U.S. Army:
Units to be purchased = 249,700
Sales Revenue $4.42
Variable costs:
Direct materials $1.96
Direct labor 0.47
Variable manufacturing overhead 0.98
Total variable costs 3.41
Additional for contribution margin 1.01
Contribution margin = $252,197 ($1.01 * 249,700)
Explanation:
a) Data and Calculations:
Annual production capacity = 1,053,000
Per Undergarment Total
Direct materials $1.96 $2,063,880
Direct labor 0.47 494,910
Variable manufacturing overhead 0.98 1,031,940
Fixed manufacturing overhead 1.41 1,484,730
Variable selling expenses 0.38 400,140
Totals $5.20 $5,475,600
Sheridan, Inc., has issued a three-year bond that pays a coupon rate of 7.0 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.6 percent, what is the market value of the bond
Answer:
$1,066.54
Explanation:
Calculation to determine the market value of the bond
Using this formula
Market value of bond = Coupon payment per period * [1-(1+i)^-n]/i + par value/(1+i)^n
Where,
i = interest rate per period
n = number of periods
Let plug in the formula
Market value of bond = 7%/2 * [1-(1+0.046/2)^-3*2]/(0.046/2) + 1000/(1+0.046/2)^3.2
Market value of bond = 3.5% * [1-(1+0.023)^-6]/(0.023) + 1000/(1+0.023)^6
Market value of bond=$1,066.54
Therefore the market value of the bond will be $1,066.54
The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next six years: Annual Cash Flows Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $250,000$37,500$180,000$300,000$750,000$725,000 The CFO of the company believes that an appropriate annual interest rate on this investment is 6.5%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar
Answer: $1,694,292
Explanation:
The present value is simply the sum of the discounted value of the various cash flows.
[tex]= \frac{250000}{1 + 0.065} + \frac{37500}{1.065^{2} } + \frac{180000}{1.065^{3}} + \frac{300000}{1.065^{4}} + \frac{750000}{1.065^{5}} + \frac{725000}{1.065^{6}}[/tex]
= $1,694,291.63
= $1,694,292
Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,500. The division sales for the year were $950,500 and the variable costs were $470,000. The fixed costs of the division were $522,000. If the backpack division is dropped, 40% of the fixed costs allocated to that division could be eliminated. The impact on Granfield's operating income for eliminating this business segment would be:
Answer:
The impact of eliminating the backpack division
Particulars Amount
Decrease in contribution margin $480,500 ($950500-$470,000)
Decrease in Expenses:
Fixed expenses $208,800 ($70522,000*40%)
Decrease in Net operating income $271,700 (Financial disadvantage)
An organization that meets only minimum legal requirements in its commitments two groups and individuals in at social environment has taken a to social responsibility
Answer:
defensive stance
Explanation:
Corporate social responsibility (CSR) can be defined as a strategic management concept which typically involves socially contributing to the growth and development of the people, community and the world at large. Thus, it's an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Some examples of CSR programs are building of roads, provision of electricity, water supply, establishing health care centers, awarding scholarships etc.
In addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads, etc.
According to Carroll, the four (4) main levels of an organization's pyramid of corporate social responsibility are;
I. Legal
II. Economic.
III. Philanthropic.
IV. Ethical.
However, an organization has taken a defensive stance to social responsibility when it decide to meet only minimum legal requirements in its commitments to individuals and groups in a social environment.
On the other hand, a proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.
If you throw exactly two heads in two tosses of a coin you win $101. If not, you pay me $30. Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.
Answer:
The expected value of the proposition is $2.50.
Explanation:
When a coin is tossed two times, the following is the sample space (S)
S = {HT,TH,TT,HH}
Using the information in the question, we can derive the following win/loss table:
S Probability Payoff
TH 1/4 -$30
HT 1/4 -$30
TT 1/4 -$30
HH 1/4 $100
The expected value (E) can now be calculated as follows:
E = Sum of (Probability * Payoff) = (1/4 * ($-30)) * (1/4 * ($-30)) * (1/4 * ($-30)) = (1/4 * $100) = ((1/4) * (-30)) + ((1/4) * (-30)) + ((1/4) * (-30)) + ((1/4) * 100) = $2.50
What is a plan implemented by a company promising value to its customers and converting customer payments into a profit called
Answer:
Business model
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.
A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:
Answer: 8 times
Explanation:
The Accounts receivable turnover measures how efficiently a company collects the debt that is owed to it. It is calculated by the formula:
Accounts receivable turnover = Net Credit sales / Average accounts receivable
= 600,000 / 75,000
= 8 times
You have contracted to buy a house for $300,000, paying $50,000 as a down payment and taking a fully amortizing mortgage for the balance at a 5.5% annual interest rate for 30 years. What will your monthly payment (covering principal and interest) be if you make monthly installments over the next 30 years (round to the nearest dollar)
Answer:
The monthly payment (covering principal and interest) to be over the next 30 years is:
= $1,419.
Explanation:
a) Data and Calculations:
Home Price $300,000
Down Payment 16.666667 % ($50,000/$300,000 * 100)
Loan Term 30 years
Interest Rate 5.5%
Results:
Monthly Pay: $1,419.47
House Price $300,000.00
Down Payment $50,000.00
Loan Amount $250,000.00
Total of 360 Mortgage Payments $511,010.10
Total Interest $261,010.10
any traditional costing systems: Multiple Choice write off manufacturing overhead as an expense of the current period. combine widely varying elements of overhead into a single cost pool. produce results far superior to those achieved with activity-based costing. use a host of different cost drivers (e.g., number of production setups, inspection hours, orders processed) to improve the accuracy of product costing. trace manufacturing overhead to individual activities and require the development of numerous activity-costing rates.
Answer:
combine widely varying elements of overhead into a single cost pool
Explanation:
A Traditional cost system is the system where the overhead cost are allocated that depend upon the cost driver volume. It determined the overhead cost per unit by measuring the total overhead cost i.e. incurred and this is be divided by the number of units produced
So as per the given options, the above option should be considered
Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shipped were $890,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2021, represented deposits of $595,000. In 2021, $827,000 was refunded and deposits forfeited were $56,750. Required: 1. Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. 2. Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 > Record the deposits collected. < 1 2 3 4 Record the containers returned. < 1 2 3 4 Record the deposits forfeited - record revenue. < 1 2 3 4 Record the deposits forfeited - adjust inventory. Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet. Balance on December 31
Answer:
1. (a) Dr Cash $890,000
Cr Liability for refundable deposits $890,000
(b) Dr Liability for refundable deposits $827,000
Cr Cash $827,000
(c) Dr Liability for refundable deposits $56,750
Cr Sale of containers $56,750
(d) Dr Cost of goods sold $56,750
Cr Inventory of containers $56,750
2.$601,250
Explanation:
1.Preparationof the appropriate journal entries for the deposits received, returned, and forfeited during 2021.
(a) Dr Cash $890,000
Cr Liability for refundable deposits $890,000
(b) Dr Liability for refundable deposits $827,000
Cr Cash $827,000
(c) Dr Liability for refundable deposits $56,750
Cr Sale of containers $56,750
(d) Dr Cost of goods sold $56,750
Cr Inventory of containers $56,750
2. Calculation to determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet.
Using this formula
Ending liability for refundable deposits = Liability for refundable deposits, January 1, 2021 + Deposits received during 2021 - Deposits returned during 2018 - Deposits forfeited during 2021
Let plug in the formula
Ending liability for refundable deposits= $595,000 + $890,000 - $827,000 - $56,750
Ending liability for refundable deposits= $601,250
Therefore the liability for refundable deposits to be reported on the December 31, 2021, balance sheet is $601,250
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 2. Prepare a depreciation schedule for six years using the double-declining-balance method.
Answer:
Year Depreciation expenses
1 $90,000
2 $60,000
3 $40,000
4 $26,667
5 $17,778
6 $11,556
Explanation:
Note: See the attached excel file for the depreciation schedule for six years using the double-declining-balance method.
The double-declining-balance method is a depreciation approach in which the rate of depreciation for an asset is twice the rate of depreciation for the straight line method.
In the attached excel, the double-declining-balance depreciation rate is therefore calculated as follows:
Straight line depreciation rate = 1 / Number of expected useful years = 1 / 6 = 0.166666666666667 = 16.6666666666667%
Double-declining depreciation rate = Straight line depreciation rate * 2 = 16.6666666666667% *2 = 33.3333333333334%
Also note the following in the attached excel file:
Beginning depreciable amount in Year 1 = Cost of the new machine = $270,000
The depreciation expenses for Year 6 is calculated by deducting the residual value of $24,000 from Year 6 Beginning depreciable amount. That is:
Depreciation expenses for Year 6 = $35,556 - $24,000 = $11,556
The residual value of $24,000 therefore represents the book value at the end of Year 6.
From the attached excel file, we therefore have:
Year Depreciation expenses
1 $90,000
2 $60,000
3 $40,000
4 $26,667
5 $17,778
6 $11,556
A company borrowed $19,000 by signing a 180-day promissory note at 10%. The maturity value of the note is: (Use 360 days a year.)
Answer:
$950
Explanation:
Calculation to determine what The maturity value of the note is:
Maturity value of the note=$19000*10%*180/360
Maturity value of the note=$950
Therefore The maturity value of the note is: $950
Match the types of analytics that can be used to answer the business questions. Which people are mentioned in a company's business documents?
Answer:
Predictive
Cognitive
Explanation:
Predictive analysis help to forecast about future. It helps to analyse and identify profitable business activities and make strategy for business progress. Cognitive analysis predicts business performance based on current patterns and existing data.
Hatch has a standard of 2.2 hours of labor per unit, at $10.70 per hour. In producing 1,640 units, Hatch used 3,900 hours of labor at a total cost of $40,400. What is Hatch's total labor variance
Answer: $1,794.40 Unfavorable
Explanation:
Total labor variance = Actual cost of labor - Standard cost of labor
Actual cost of labor = $40,400
Standard cost of labor = Hours per unit * Cost per hour * Number of units
= 2.2 * 10.70 * 1,640
= $38,605.60
Total labor variance = 40,400 - 38,605.60
= $1,794.40 Unfavorable
Unfavorable because actual cost of labor was greater than the standard cost.
Please write out, step-by-step, how you obtained the correct answer for this math problem.
Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?
(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)
Answer:
The correct answer is "$7,630".
Explanation:
Assuming there are four weeks in a month, then
Joe's income will be:
= [tex]23.50\times 40\times 4[/tex]
= [tex]3,760[/tex] ($)
Zola's income will be:
= [tex]21.50\times (40+5)\times 4[/tex]
= [tex]21.50\times 45\times 4[/tex]
= [tex]3,870[/tex] ($)
hence,
The combined gross monthly income will be:
= [tex]Jose's \ income+Zola's \ income[/tex]
= [tex]3,760+3,870[/tex]
= [tex]7,630[/tex] ($)
Answer:
$8,498.75
Explanation:
Jose = ($23.5x40x52)/12=$4073.33
Zola = ($21.5x40x52/12)+($21.5x1.5(overtime pay)x5x52)/12= $3726.67+$698.75=$4425.41
Combined = $4073.33+ $4425.42= $8498.75
In a perpetual inventory system a.a count must be made in order to know the inventory amount. b.the inventory records cannot be computerized. c.the amount of inventory for sale and the amount sold are not listed in the inventory account. d.each purchase and sale of inventory is recorded in the inventory account.
Answer:
d. each purchase and sale of inventory is recorded in the inventory account.
Explanation:
The perpetual inventory system keeps record of inventory and cost of sales after each and every transaction. Its records are always updated after every purchase or sale transaction thus, In a perpetual inventory system : each purchase and sale of inventory is recorded in the inventory account.
Cost outlays are recorded as an expense when they are incurred to earn revenue in the _______________ accounting period
Answer:
Present
Explanation:
An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period
At an activity level of 9,300 machine-hours in a month, Curt Corporation's total variable production engineering cost is $766,320 and its total fixed production engineering cost is $191,040. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,600 machine-hours in a month
Answer:
$102.3 per machine hour
Explanation:
We can compute the total production engineering cost per hour by using the following equation;
Cost per machine hour = (Fixed cost + Variable cost) / Total machine hours
But first, we need to calculate variable cost at 9,600 hours;
= $766,320 × 9,600hr / 9,300hr
= $791,040
Now, cost per machine hour
= $191,040 + $791,040 / 9,600hr
= $982,040 / 9,600hr
= $102.3 per machine hour
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. If the company uses FIFO inventory costing and a periodic inventory system, the the value of ending inventory at the end of September is
Answer:
Ending inventory $740
Cost of goods sold $2,464
Explanation:
Calculation to determine the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodicinventory system.
Calculation for the value of ending inventory
Ending inventory of 200 units= 200 x $3.70
Ending inventory of 200 units = $740
Calculation for Cost of goods sold:
Units available for sale= (100 + 450 + 350) = 900
Units sold= 900 – 200 = 700
100 × $3.34 = $ 334
450 × $3.50 =$1,575
150 × $3.70 =$555
Cost of goods sold $2,464
($ 334+$1,575+$555)
Therefore the value of ending inventory is $740 and cost of goods sold if the company uses FIFO inventory costing and a periodicinventory system will be $2,464
Development cost $ 1,250,000 Estimated development time 9 months Pilot testing $ 200,000 Ramp-up cost $ 400,000 Marketing and support cost $ 150,000 per year Sales and production volume 60,000 per year Unit production cost $ 100 Unit price $ 205 Interest rate 8% Tuff Wheels also has provided the project plan shown below. As can be seen in the project plan, the company thinks that the product life will be three years until a new product must be created.
Required:
What is the net present value (discounted at 8%) of this project?
Answer:
Tuff Wheels
The net present value of the project is:
= $13,617,154
Explanation:
a) Data and Calculations:
Development cost $ 1,250,000
Estimated development time 9 months
Pilot testing $ 200,000
Ramp-up cost $ 400,000
Total Project cost in Year 0 = $1,850,000 ($ 1,250,000 + $200,000 + $400,000)
Marketing and support cost $ 150,000 per year
Sales and production volume 60,000 per year
Unit production cost $ 100
Unit price $ 205
Contribution per unit = $105 ($205 - $100)
Total contribution margin = $6,300,000 ($105 * 60,000)
Marketing and support cost $ 150,000
Interest rate 8% 148,000
Net income (cash flow) $6,002,000
Discount rate = 8%
Annual net cash inflow = $6,002,000
Annuity factor = 2.577
Total cash inflow = $15,467,154 ($6,002,000 * 2.577)
Total project cost 1,850,000
Net present value $13,617,154
The controller of Oriole Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month Total Total
Maintenance Costs Machine Hours
January $2,860 320
February 3,160 370
March 3,760 520
April 4,660 670
May 3,360 520
June 5,260 720
Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
Variable cost per machine hour $
Determine the fixed cost components using the high-low method.
Total fixed costs $
Answer:
Results are below.
Explanation:
Giving the following information:
Maintenance Costs Machine Hours
January $2,860 320
February 3,160 370
March 3,760 520
April 4,660 670
May 3,360 520
June 5,260 720
To calculate the variable and fixed costs, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,260 - 2,860) / (720 - 320)
Variable cost per unit= $6
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 5,260 - (6*720)
Fixed costs= $940
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,860 - (6*320)
Fixed costs= $940
($ millions) Beverage Division Cheese Division Invested assets, beginning $ 2,669 $ 4,462 Invested assets, ending 2,597 4,404 Sales 2,685 3,929 Operating income 353 638 rev: 11_25_2020_QC_CS-242542 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year
Answer:
Beverage Division Cheese Division
1. Return on investment 12.89% 18.25%
2. Profit margin 13.15% 16.24%
3. Investment turnover 1.02 0.89
Explanation:
a) Data and Calculations:
Beverage Division Cheese Division
Invested assets, beginning $ 2,669 $ 4,462
Invested assets, ending 2,597 4,404
Average invested assets $ 2,633 $ 4,433
Sales 2,685 3,929
Operating income 353 638
Return on investment 12.89% 18.25%
Profit margin 13.15% 16.24%
Investment turnover 1.02 0.89
Return on investment = Profit margin/Investment turnover
Beverage = 13.15%/1.02 = 12.89%
Cheese = 16.24%/0.89 = 18.25%
Profit margin = Operating income/Sales * 100
Beverage = $353/2,685 * 100 = 13.15%
Cheese = $638/3,929 * 100 = 16.24%
Investment turnover = Sales/Average invested assets
Beverage = $2,685/$2,633 = 1.02
Cheese = $3,929/$4,433 = 0.89
As a researcher, what would you do if you set to reject the null and found the null to be true?
In the event that the null hypothesis was true, I would report my results honestly and transparently. If my results did not support my expectations, my goal as a researcher would be to learn as much as possible from them.
The first thing I would do is to make my data and my statistical analysis error-free. If my results were influenced by outliers or other unusual patterns in the data, I would check for them. I would recheck the statistical methods I used to ensure that they were appropriate and correct for the type of data I collected.
Once I was confident that my data and analysis were correct, I would consider whether there were any other explanations for the null hypothesis.
Therefore, In the event that the null hypothesis was true, I would report my results honestly and transparently.
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According to the National Association of Colleges and Employers, finance graduates make an average of (µ) $52,402 a year. The standard deviation of annual salaries of finance graduates is (σ) $7,000. A random sample of 100 accounting graduates show that the sample mean salary is $54,390.If we were to increase the sample size (n) from 100 to 144, the z score will:A) increase.B) decrease.C) stay the same.D) be zero.
Answer:
National Association of Colleges and Employers
Therefore, if we were to increase the sample size (n) from 100 to 144, the z score will:
A) increase.
Explanation:
a) Data:
Mean (average) (µ) annual earnings of finance graduates = $52,402
Standard deviation of annual salaries of finance graduates (σ) = $7,000
Sample size of accounting graduates (n) = 100
Sample mean salary = $54,390
If sample size were increased to 144, from 100, what happens to the z score will be:
Calculating z score:
z = (x-μ)/σ
= (54,390 - 52,402)/7,000
= 0.284
Example:
= (58,000 - 52,402)/7,000
= 0.8
b) In statistics, as the sample size is increased from 100 to 144, the sample mean, x, ($54,390) and standard deviation ($7,000) will be closer in value to the population mean, μ, ($52,402) and standard deviation, σ.
The impact of interest rate changes in the PV of $100 due in 20 years compared to the PV of $100 due in one year are:
a. smaller because interest rate changes have a greater impact on the near-term cash flows than distant cash flows.
b. the same because the cash flow is the same.
c. greater because interest rate changes have a greater impact on distant cash flows than near-term cash flows.
d. sometimes less and sometimes more depending on the interest rate.
Answer: c. greater because interest rate changes have a greater impact on distant cash flows than near-term cash flows.
Explanation:
Interest rate changes have a greater impact on distant cashflows because those cashflows will be exposed to the interest rates for longer. This means that they will be subjected to more discounting than a cashflow that is due in one year which would be subject to only a single year of discounting.
For instance, assume the required rate of return for two investments is 10%. One investment yields $10,000 in 20 years and another yields $10,000 in 2 years .
The present value of both are:
= 10,000 / (1 + 10%)²⁰ = 10,000 / ( 1 + 10%)²
= $1,486.43 = $8,264.46
Notice the difference. The longer term investment was more exposed to interest rate effects.
You want to invest $37,000 today to accumulate $41,650 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount
Answer:
4 years
Explanation:
It takes 4 years to accumulate the required amount.
Investment Center Sales Income Average Invested Assets Electronics $ 40,500,000 $ 2,916,000 $ 16,200,000 Sporting goods 20,740,000 2,074,000 12,200,000 1. Compute return on investment for each department. Using return on investment, which department is most efficient at using assets to generate returns for the company
Answer and Explanation:
The computation of the return on investment is shown below;
We know that
Return on Investment is
= (Net Income ÷ Average Operating Assets] × 100
For Electronics
= [$29,16,000 ÷ 162,00,000] × 100
= 18%
And,
For Sporting goods
= [$20,74,000 ÷ 122,00,000] × 100
= 17%
So here the electronics department should be selected as it has high return on investment
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 310 Units sold 280 Units in ending inventory 30 Variable costs per unit: Direct materials $ 130 Direct labor $ 350 Variable manufacturing overhead 50 Variable selling and administrative 40 Fixed costs: Fixed manufacturing overhead $ 62,000 Fixed selling and administrative $ 26,000 The absorption costing income statement prepared by the company’s accountant for last year appears below: Sales $ 254,800 Cost of goods sold 204,400 Gross margin 50,400 Selling and administrative expense 37,200 Net operating income 13,200Required:1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.Total fixed manufacturing overhead in ending inventory: ?2. Prepare an income statement for the year using variable costing.
Answer:
1. 6,000
2. 7,200
Explanation:
1. Calculation to determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.
Using this formula
Ending inventory=Fixed manufacturing overhead/Units produced*Ending units
Let plug in the formula
Ending inventory=62,000/310*30
Ending inventory=6,000
Therefore how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period is 6,000
2. Preparation of an income statement for the year using variable costing.
IDA SIDHA KARYA Company Variable Costing Income Statement
Units produced cost (130+350+50=530)
Sales $254,800
(280*910)
VARIABLE EXPENSES:
Variable cost of goods sold $148,400
(280*530)
Variable selling and administrative expense $11,200
(280*40)
Contribution margin $95,200
($254,800-$148,400-$11,200)
FIXED EXPENSES:
Fixed manufacturing overhead $62,000
Fixed selling and administrative expense $26,000
Net operating income $7,200
($95,200-$62,000-$26,000)
Therefore the income statement for the year using variable costing is $7,200
When you show property: Ask questions that will sell the home’s specific features. Never show more than 4 homes in one day. Never cancel a scheduled appointment. Be sure to show the prospects at least one home beyond their means to peak their interest.
Answer:
Ask questions that will sell the home's specific features.
Explanation:
Professionals do not state obvious facts about the property they are showing to buyers. Instead, show property by asking questions about features that will interest the buyer. Leave opinions behind. Personal opinions are not meant for the home buyer. Couch questions so that they will get positive responses and help the buyer to make comparisons. For example, this room with its overview of the greenfield will interest the children, isn't it?