Answer:
Purchases= 620,000 pounds
Explanation:
Giving the following information:
Beginning inventory= 50,000 pounds
Desired ending inventory= 140,000 pounds
Production= 530,000 pounds
To calculate the purchase required, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 530,000 + 140,000 - 50,000
Purchases= 620,000 pounds
What is the rationale for governments to issue monopoly-promoting licenses to firms providing services such as trash collection
Answer: d. economies of scale
Explanation:
Trash Collection can be a costly business because it includes going around the city, paying workers, high vehicle input costs and the like. These costs would need to be recovered and have less chances of doing so if the firms had to compete amongst themselves for customers.
A monopoly-promoting license giving a firm significant control would lead to Economies of scale that would ensure that they had enough customers for their costs to reduce as they offer services to the people as their costs would then reduce as they service more people without having to worry about competition.
The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a balance of $16,253 at the same date. The only reconciling items consist of a bank service charge of $16, a large number of outstanding checks totaling $6,740, and a deposit in transit.
-Cardinal Company's bank statement showed a balance at May 31 of $180,974. The only reconciling items consisted of a large number of outstanding checks totaling $51,847. At May 31, what balance should Cardinal's Cash account show?
A) $232,821.
B) $129,127.
C) $77,280.
D) Some other amount.
Answer:
1. $3,067
2. B) $129,127.
Explanation:
a. The computation of amount deposit in transit is shown below:
The amount of deposit in Transit = Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges - Balance as per Bank Book
= $12,596 + $6740 - $16 - $16,253
= $3,067
Deposit in Transit inflates the general ledger initially till it is credited in the bank book.
b. The computation of balance should Cardinal's Cash account show
Cash Account should show a balance = Bank Statement Balance as on May 31 - Outstanding Cheque on May 31
= $180,974 - $51,847
= $129,127
As we can see that the cash account balance is less because there is an outstanding
What is NOT a major purpose of orientation and socialization? Reducing stress and anxiety Reducing employee benefits Reducing start-up costs Reducing employee turnover
Answer: Reducing employee benefits
Explanation:
When a new employee is added to the company, it is best to give them and orientation as well as to encourage other employees who have been there longer to talk to them. This can be beneficial to the employee because it will help them settle into the job faster, thus giving them more confidence to be able to overcome the stress an anxiety that may come with starting a new job.
It is also beneficial to the company as the employee will learn skills needed to survive in the job. This will reduce wastage that may accrue due to a lack of knowledge on the part of the employee of job procedure.
With the above two contributing to making the employee feel more comfortable as well as able to do their jobs, employees will have less reason to leave the job thereby reducing employee turnover.
Orientation and Socialization will not reduce employee benefits and so it is not a major purpose of the activity.
Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,165 now, the machine's internal rate of return is closest to:_______.a. 16%.b. 17%.c. 18%.d. 19%.
Answer:
IRR = 16.5%
Explanation:
The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero
If the IRR greater than the required rate of return , we accept the project for implementation
If the IRR is less than that the required rate , we reject the project for implementation
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
NPV = PV of annual savings - initial cost
PV of annual savings = A× (1- (1+r)^(-n) )/r
A- annual savings in operating cost , r- rate of return, n- number of years
NPVa at 10% discount rate
PV of cash inflow = (9,000× 1-1.1^-6)/0.1 = 39,197.35
NPV = 65,328.91 - 33,165 = 6,032.35
NPVb at 20% discount rate
PV of cash inflow = (9,000× 1-1.2^-6)/0.2= (3,235.41)
NPV = 29,929.59 -33,165 = (3,235.41)
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
IRR = 10% + ( (6,032.35/(6,032.35 +3,235.41) )× (20-10)%= 16.51%
IRR = 16.5%
Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training. The most apparent source of conflict here is
Answer: differentiation
Explanation:
From the question, we are informed that employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training.
The above source of conflict is due to differentiation. The differentiation is as a result of them not working in thesame divisions hence, they see things differently and not in the same way.
Jack's Toys sells kites for $35 each. Variable costs are per kite. Fixed costs are per month. What is the contribution margin ratio for the kites?
Answer:
contribution margin ratio= (selling price - unitary variable cost) / selling price
Explanation:
We weren't provided with enough information to calculate the contribution margin ratio, but, I will provide the formula and an example to guide an answer.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= (selling price - unitary variable cost) / selling price
For example:
Selling price= $35
Unitary variable cost= 23
contribution margin ratio= (35 - 23)/35
contribution margin ratio= 0.34
Young people need about
hours of sleep every night.
A. six to eight
B. seven to nine
C. eight to ten
D. nine to eleven
Answer:
B
I think seven to nine is the answer.
Given a stock with a beta of 1.2, risk free rate of 4%, and a market return of 10%, calculate the required return.
Answer: 11.2%
Explanation:
The required return of this stock can be calculated using the Capital Asset Pricing Model (CAPM) which is expressed as follows;
Required return = Risk free rate + beta ( Market return - risk free rate)
= 4% + 1.2 ( 10% - 4%)
= 11.2%
Children in poor neighborhoods often have bleak outlooks on life and see little gain from studying. In a recent experiment, children in poor neighborhoods were paid $100 for each A they earned during a six-week grade reporting cycle. Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over the next 6 weeks, the student has a math class and an English class, where getting an A in math would require the student to exert $98 worth of effort, while getting an A in English would require the student to exert $84 worth of effort. In this experiment, the student (would or would not) increase time studying for math, and the student (would or would not) increase time studying for English.
Answer:
For maths; the student would not increase time studying
For English; the student would increase time studying
Explanation:
We can make this assertion because we are told that the children are from poor neighborhoods, so they have desire to ease their financial lack.
Further, because they do not see the importance of studying, they likely would avoid the extra effort of $98 for maths when they can exert $84 worth of effort for English which is lower.
The account balances and income statement of Winniford Towing Service at June 30, 2018, follow: LOADING...(Click the icon to view the account balances.)LOADING...(Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018.
Answer:
A.Retained earnings June 30 $8,200
B.Income statement June 30$7,800
C.The statement of retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.
Explanation:
A. Preparation of statement of retained earnings
Retained earnings
for the month ending June 30, 2018.
Retained Earning June 1 $3,400
Add Net income for the month $7,800
=$11,200
Less Dividend $3,000
Retained earnings June 30 $8,200
Therefore the Retained earnings for June 30 will be $8,200
2.Preparation of Income statement
Income statement
for the month ending June 30, 2018.
Revenue:
Service Revenue $10,800
Less :Expenses
Salary expenses ($2,200)
Rent expenses ($800)
Net income $7,800
($10,800-$3,000)
Therefore Winniford Towing Service Income statementfor the month ending June 30, 2018 Net income will be $7,800.
C. Based on the above calculation the statement of retained earnings will report
Changes that occured in the retained earnings for a business entity during a period of time.
The balance account
A balance account is one that shows the balance amount of the bookkeeping records. It the sum of balance of debt entries into the account at the time of financial year. The account balance and income statement of Winniford services at june 30 2018.
Thus shows us the answer retained earnings of june 30 are $8, 200. The income statements June 30 $7, 800 and retained earnings in point of time.
The account balances of the income statements for the months of june are given. As per the question the statement for the retained earnings of the winniford Towings services of june 30 2018 end are $8,200 while the Income statement is $7,800.The statement for the retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.Learn more about the account balances.
brainly.com/question/17350392.
If you can buy a single paper towel roll for $1.99 or 24 rolls of paper towels for $12.99, what is this an example of?
Answer: c) Second Degree Price Discrimination
Explanation:
The company selling the paper towels is reducing the price per quantity as more quantities are added.
This is an example of Second Degree Price Discrimination . Here the seller sells different quantities at different prices with higher quantities usually getting lower prices as a result of trade discounts the goal of which is to encourage more sales as opposed to less.
For instance, you could pay $50 a month for gym but be charged $7 if you just want to use it for a day.
The common stock of Southern Airlines currently sells for $33, and its 8% convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2025. What is the conversion value of the bond?
Answer: $825
Explanation:
Convertible bonds or debentures can be converted into stock in a company by the holders.
The Conversion Value of the bond is given by;
Conversion Value of the Bond = Stock Price * Conversion Ratio
Conversion Ratio = 25 shares for one debenture.
= 25/1
= 25
Conversion Value of the Bond = Stock Price * Conversion Ratio
= 33 * 25
= $825
What is the mean 2019E EV/Revenue multiple in the Online Direct Sales comps group in 2019?
a) 1.1x
b) 1.2x
c) 0.8x
d) 0.6x
Answer:
The question is not clear and complete.
Let me explain how you can calculate Enterprise Value (EV) to Revenue Multiple
Explanation:
A Enterprise Value (EV) to Revenue Multiple is used to value a business by dividing its enterprise value by its annual revenue. The formula to calculate the Enterprise Value (EV) to Revenue Multiple is EV/Revenue
EV = Enterprise Value
EV can be denoted as (Equity Value + All Debt + Preferred Shares) – (Cash and Equivalents)
While Revenue = Total Annual Revenue
This can be calculated when we have a share price, shares outstanding, debt, and cash or its equivalence.
The holders of ZZZ Corporation's bonds with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $25.00. What is the conversion price
Answer:
$28.57
Explanation:
The holders of ZZZ corporation bonds with a face value of $1000
It can be exchanged for 35 share of the stock
The stock is being sold for $25.00
Therefore, the conversion price can be calculated as follows
= $1000/35
= $28.57
Hence the conversion price is $28.57
As a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department.
a) true
b) false
Answer: False
Explanation:
From the question, we are informed that as a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department. This is not true.
It should be noted that the customer checks and the remittance advices are sent to the cashier and not the accounting department
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000 Cost 130,000 138,000 74,900 46,150 Replacement cost 120,000 119,000 111,000 42,150 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
Answer:
Alpine Ski Equipment and Supplies
In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
$74,900
Explanation:
a) Data and Calculations:
Inventories of Alpine Ski Equipment and Supplies:
Skis Boots Apparel Supplies
Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000
Cost 130,000 138,000 74,900 46,150
Replacement cost 120,000 119,000 111,000 42,150
Sales commission 10 % 10 % 10 % 10 %
Net realizable value $144,000 $152,100 $96,300 $63,900
Lower of cost or NRV $130,000 $138,000 $74,900 $46,150
b) Alpine Ski Equipment and Supplies applies the lower of cost or market rule by recording the cost of inventory at the lower of the original cost or its net realizable value. In all the product categories, the costs are lower than the net realizable values. To get the net realizable value for each product category, we deduct the sales commissions from their respective selling prices.
From a cash receipts standpoint, mandating that a single designated employee is authorized to handle cash receipts (at the counter or via the mail) is an example of the control activity:___________
A) Human resource controls
B) Independent internal verification
C) Establishment of responsibility
D) Segregation of Duties
Answer: C) Establishment of responsibility
Explanation:
Establishment of responsibility is an internal control method that works by assigning one person the role and responsibility of mangling an activity.
This way it is easier to monitor the way that activity is done and the resources attached to it because with only one person having access, any unexplained events can be queried from the person who's sole responsibility it was to look after the activity the event occurred in.
In this scenario for instance, if the cash receipts are found to be missing in any way, the first person that will be questioned is the employee who was solely authorized to handle cash receipts (at the counter or via the mail).
The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal to 100 trillion ducats. This means that the ratio of debt to GDP is 1.4, or 140%. Also, suppose that the deficit is 7 trillion ducats, which is 7% of GDP.
When the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _____ trillion ducats.
if the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be _____
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be _____
Answer:
Ratio of debt to GDP changesWhen the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _98____ trillion ducats.
If the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be __1.5___
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be __1.6___
Explanation:
Data and Calculations:
1. Debt equals 140 trillion ducats
GDP is equal to 100 trillion ducats
Ratio of debt to GDP = 1.4 or 140%
Deficit = 7 trillion ducats = 7% of GDP
2. Now debt increases by 7 trillion ducats to 147 trillion ducats
Deflation = -2%
Therefore, next year's GDP will be equal to 98 (100 x 0.98) trillion ducats
Ratio of debt will change to 147/98 = 1.5
3. With deficit constant at 7% of GDP or 6.86 trillion (7% of 98 trillion) and inflation at -2%,
Debt will be equal to 147 + 6.86 trillion = 153.86 trillion
and GDP will be equal to 96 (98 - 1.96) trillion; 1.96 = 2% of 98 trillion
Then Debt to GDP = 153.86/96 = 1.6
which of the following is not a common type of meeting?
standing
planning
running
problem solving
Answer:
running is the answer for your question
Wayne Enterprises declared annual cash dividends of $10 million, $12 million, and $50 Million in its first three years of operation-2017, 2018, and 2019 respectively. Wayne also had $200 million of outstanding, cumulative and nonparticipating, preferred shares that yield 10%. How much in dividends did the common stock shareholders receive in 2019
Answer:
the dividend to be paid to the common stock shareholder is $30 million
Explanation:
The computation of the dividend to be paid for the common stock shareholder received is shown below:
= Total dividend for the year 2019 - (Number of outsanding cumulative shares × yield percentage)
= ($50 million - $200 million × 10%)
= $50 million - $20 million
= $30 million
hence, the dividend to be paid to the common stock shareholder is $30 million
Products such as steel, bulk chemicals, and industrial electronics do not require much differentiation because the taste and preference for these products is similar all around the world. These products are examples of g
Answer:
universal needs.
Explanation:
Universal needs products are those that do not require much differentiation because they are products that will generally become other products, that is, steel, bulk chemicals and industrial electronics are used all over the world to build other essential products in the world whole, such as industrial equipment, household appliances, means of transport, etc.
A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?
A. Treasury Stock-Common is debited for $3,300.
B. Treasury Stock-Cormmon is debited for $1,650.
C. Retained Earnings is debited for $1,660.
D. Treasury Stock-Common is oodied for $46.
Answer:
A. Treasury Stock-Common is debited for $3,300.
Explanation:
Cost of the treasury stock purchased = 300 shares of treasury stock * $11 per share
Cost of the treasury stock purchased = $3,300
The following data applies to a particular item of merchandise: On hand at start of period 300 $5.10 1st purchase 500 5.20 2nd purchase 700 5.30 3rd purchase 600 5.50 Number of units available for sale 2,100 On hand at end of period 500 Number of units sold during period 1,600 Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 200 from the last purchase. Using the weighted-average costing method and rounding the average unit cost to the nearest whole cent, the value of the inventory on hand at the end of the period would be
Answer:
$2,650
Explanation:
beginning inventory 300 units at $5.10 = $1,530
1st purchase 500 units at $5.20 = $2,600
2nd purchase 700 units at $5.30 = $3,710
3rd purchase 600 units at $5.50 = $3,300
total number of units 2,100
total cost = $11,140
average cost per unit = $5.30
ending inventory = 500
value of ending inventory using average cost = 500 x $5.30 = $2,650
Bill jones inherited 5000 shares of stock priced at $50 per share. he does not want to sell the stock this year due to tax reasons but he is concerned that the stock will drop in value before year-end. Bill wants to buy put at $40 strike and sell calls at $50 strike to establish a collar to protect his inheritance. January call options with a strike of $50 are quoted at a cost of $2, and January puts with a $40 exercise price are quoted at a cost of $3. If Bill establishes the collar and the stock price winds up at $35 in January, Bill's net position value including the option profit or loss is _____
a. $195,000
b. $220,000
c. $175,000
d. $215,000
Answer:
a. $195,000
Explanation:
call strike price $50
call premium received $2
put strike price $40
put premium paid $3
you pay $2 - $3 = -$1
stock value $35
put value $5
call value -
premium paid -$1
net stock value $39
total # of stocks 5,000
portfolio's value $195,000
On the income statement of a merchandising company, interest income and interest expense are reported:
Answer: B. As separate items of other income and expense below the net operating income or loss
Explanation:
In a Merchandising company, the main revenue stream is not from interest revenue so when income from interest is received, it is not recorded with the normal revenue so as not to overstate revenue from operations. It will instead be recorded after the net operating income in the other income and expense section.
The same goes for finance costs such interest expenses. Income tax expense is also recorded here.
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in a. economic development in United States. b. exercising nontariff barriers in Brazil. c. unfair trade practices. d. globalization. e. the World Trade Bank Group.
Answer:
d. globalization.
Explanation:
In this scenario, Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Hence, we can safely conclude that Brazilian juice is engaging in globalization.
Globalization can be defined as a strategic marketing process which involves rapidly, effectively and efficiently providing finished goods and services to meet the needs of potential customers across the world or in various countries across the globe.
Simply stated, it involves the spread of products, technology, and significant investments across many countries in the world.
The estimated direct labor cost for February is closest to: Multiple Choice $456,000 $28,652 $253,460 $658,996
This question is incomplete, the complete question is;
Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 30% of the following month's sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000.
The estimated direct labor cost for February is closest to: Multiple Choice $456,000 $28,652 $253,460 $658,996
Answer: The estimated direct labor cost for February is closest to D) $658,996.
Explanation:
Estimated direct labor cost for February =
Production units in February × Direct labor hours for each finished goods unit × Direct labor wage rate per hour
Ef = 11020 units × 2.6 labor hours per unit ×$23 per direct labor hour
Ff= $658,996
Also
Where Production units in February = February sales units + Ending finished goods units - Beginning finished goods units
Pf = 10600 units + (12000 units*30%) - (10600 units*30%)
Pf = 10600 units+3600 units-3180 units
Pf = 11020 units
Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $420000. The company produces 300000 wheels and 600000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. How much of the assembly overhead should be allocated to wheels?
Answer:
$41,250
Explanation:
Given the following :
Total estimated overhead = $420,000
Number of wheels produced = 300,000 ; uses 2 Parts
Number of seats produced = 600,000 ; uses 3 parts
Number of wheels * part = (300,000 * 2) = 600,000
Number of seats * part = (600,000 * 3) = 1,800,000
Total = 600,000 + 1,800,000 = 2,400,000
Allocated overhead for wheels :
[wheels total / (wheels total + seat total)] * estimated overhead
(600,000 / 2,400,000) * $165,000
0.25 * $165,000
= $41,250
During 2019, Jerry is a self-employed therapist, and his net earned income is $121,000 from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable. Calculate Jerry's contribution.
Answer:
Jerry's SEP Plan
Maximum Allowable Contribution
= $30,250.
Explanation:
a) Data and Calculation:
Net earned income = $121,000
SEP IRA Plan = 25% of $121,000 = $30,250
The value of the above calculation is less than the $57,000 maximum.
b) Jerry, as a self-employed therapist, can make contributions to his SEP-IRA each year. These contributions cannot exceed the lesser of 25% of compensation or $57,000 for 2020 ($56,000 for 2019 and subject to annual cost-of-living adjustments for later years), according to the information published by the Internal Revenue Service.
c) Jerry's simplified employee pension (SEP or SEP IRA) is a retirement plan that Jerry can establish as a self-employed therapist or individual.
A team integrates and tests the Stories on the last day of the Iteration. This has become a pattern for the last three Iterations. Why is this considered an anti-pattern? g
Answer: Because the team is waterfalling the iteration
Explanation:
The options to the question are:
a. Because the team consistently meets their commitments, and the Product Owner accepts the stories
b. Because the team is waterfalling the iteration
c. Because the team demonstrates the full stories to the product owner during the iteration review.
d. Because it is difficult to manage dependencies with other teams.
An anti-pattern is a pattern that show that a particular idea will be ineffective, risky and can create further havoc.
Therefore, based on the scenario that a team integrates and tests the stories on the last day of the Iteration which has become a pattern for the last three Iterations.
This is an anti pattern because the team is waterfalling the iteration since the stories are tested on the last day therefore it'll be hard for any adjustments to be made.