Answer:
The price of the stock today is $13.33
Explanation:
The two stage growth model of DDM can be used to calculate the price of the share today. The DDM values a stock based on the present value of the expected future dividends from the stock. The price of this stock under this model can be calculated as follows,
P0 = D0 * (1+g1) / (1+r) + [ (D0 * (1+g1) * (1+g2) / (r - g2)) / (1+r) ]
Where,
g1 is the initial growth rate which is 20%g2 is the constant growth rate which is 5%r is the required rate of returnP0 = 1 * (1+0.2) / (1+0.14) + [ (1 * (1+0.2) * (1+0.05) / (0.14 - 0.05)) / (1+0.14) ]
P0 = $13.33
Average fixed cost A. increases as output rises. B. remains constant as output rises. C. equals marginal cost for the first unit of output. D. decreases as output rises.
Answer:
D
Explanation:
Average fixed cost = total fixed cost / output
Fixed cost is cost that does not vary with output.
for example electricity tariff
for example, total fixed cost is $10,000. what is average fixed cost when output is 500 and 1000
$10,000 / 500 = $20
$10,000 / 1000 = $10
We can see that average fixed cost decreased as output increased
Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be indicated with a minus sign.) IKIBAN, INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2018 2019 Assets 93,700 $67,000 Cash Accounts receivable, net 99,500 86,800 6,700 74,000 121,000 Inventory Prepaid expenses 10,000 272,000 138,000 Total current assets 286,700 147,000 Equipment Accum. depreciation-Equipment (38,500) (20,500) $395,200 $389,500 Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable $48,000 $64,500 8,300 5,700 19,600 8,400 Total current liabilities 62,000 92,500 Notes payable (long term) Total liabilities 53,000 115,000 83,000 175,500 Equity Common stock, $5 par value Retained earnings 266,000 183,000 31,000 14,200 Total liabilities and equity $395,200 $389,500 IKIBAN INC Income Statement For Year Ended June 30, 2019 Sales $793,000 434,000 359,000 Cost of goods sold Gross profit Operating expenses Depreciation expense $81,600 Other expenses 90,000 Total operating expenses 171,600 187,400 other gains (losses) Gain on sale of equipment 4,300 Income before taxes 191,700 46,190 Income taxes expense $145,510 Net income Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $80,600 cash. d. Received cash for the sale of equipment that had cost $71,600, yielding a $4,300 gain e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit.
Answer:
IKIBAN INC.
Statement of cash flow using indirect method for
the year ended June 30, 2019
Particulars Amount $
Cash flow from operating activities
Net Income 145,510
Adjustments to reconcile net income to net
cash provided by operating activities
Adjustment for non cash effects
Depreciation 81,600
Gain on sale of equipment -4,300
Change in operating assets & liabilities
Increase in accounts receivable -25,500
Decrease in inventory 34,200
Decrease in prepaid expenses 3,300
Decrease in accounts payable -16,500
Decrease in wages payable -11,300
Decrease in income taxes payable -2,700
Net cash flow from operating activities (A) 204,310
Cash Flow from Investing activities
New equipment purchased -80,600
Equipment sold 12,300
Net cash Flow from Investing activities (B) -68,300
Cash Flow from Financing activities
Cash dividends paid -162,310
($31,000 + $145,510 - $14,200)
Common stock issued 83,000
Notes payable paid -30,000
Net cash Flow from Financing activities (C) -109,310
Net Change in cash = A+B+C $26,700
($204,310 - $68,300 - $109,310)
Beginning cash balance $67,000
Closing cash balance $93,700
Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the first year of operations, Jackson produced 4,100 tons of plastic and sold 3,280 tons. In 2017, the production and sales results were exactly reversed. In each year, the selling price per ton was $2,400, variable manufacturing costs were 17% of the sales price of units produced, variable selling expenses were 11% of the selling price of units sold, fixed manufacturing costs were $3,075,000, and fixed administrative expenses were $500,000. a. Prepare income statements for each year using variable costing. b. Prepare income statements for each year using absorption costing. c. Reconcile the differences each year in net income under the two costing approaches.
Answer:
a.Income Statement using variable costing
2016 2017
Sales $7,872,000 $9,840,000
Less Cost of Sales ($1,338,240) ($1,672,800)
Opening Stock $0 $334,560
Add Cost of Goods Manufactured $1,672,800 $1,338,240
Less Closing Stock ($334,560) $0
Contribution $6,533,760 $8,167,200
Less Expenses :
Fixed manufacturing costs ($3,075,000) ($3,075,000)
Selling Expenses : Variable ($862,920) ($1,082,400)
Selling Expenses : Fixed ($500,000) ($500,000)
Net Income / (loss) $2,095,840 $3,509,800
b.Income Statement using absorption costing
2016 2017
Sales $7,872,000 $9,840,000
Less Cost of Sales ($3,798,240) ($5,362,800)
Opening Stock $0 $949,560
Add Cost of Goods Manufactured $4,747,800 $4,413,240
Less Closing Stock ($949,560) $0
Gross Profit $4,073,760 $4,477,200
Less Expenses :
Selling Expenses : Variable ($862,920) ($1,082,400)
Selling Expenses : Fixed ($500,000) ($500,000)
Net Income / (loss) $2,710,840 $2,894,800
c. Reconciliation of Absorption costing Net Income to variable costing profit
2016 2017
Absorption Costing Net Income $2,710,840 $2,894,800
Fixed Manufacturing Cost in Opening Stock $0 $615,000
Fixed Manufacturing Cost in Closing Stock ($615,000) $0
Variable Costing Net Income $2,095,840 $3,509,800
Explanation:
Part a.
Under Variable Costing, Only Variable Manufacturing Costs are treated as Product costs. Fixed Manufacturing costs and All Non-Manufacturing Costs are treated as period costs.
Part b
Under Absorption Costing, Both Variable Manufacturing Costs and Fixed Manufacturing costs are treated as Product costs. All Non-Manufacturing Costs are treated as period costs.
Part c.
The difference between the Net Income under Absorption Costing and Variable Costing is due to Fixed Manufacturing Costs that are deferred in Inventory. This needs to be reconciled accordingly.
At Pharoah Electronics, it costs $33 per unit ($19 variable and $14 fixed) to make an MP3 player that normally sells for $55. A foreign wholesaler offers to buy 3,750 units at $28 each. Pharoah Electronics will incur special shipping costs of $1 per unit.
Required:
Assuming that Pharoah Electronics has excess operating capacity, indicate the net income (loss) Pharoah Electronics would realize by accepting the special order.
Answer:
Reject Order Accept order Net Income
Increase (Decrease)
Revenues = $0 $105,000 $105,000
(3750 units x $28)
Costs-Manufacturing = $0 -$71,250 -$71,250
(3750 units x $19 (VC) )
Shipping $0 -$3,750 -$3,750
(3750 units x $1)
Net Income $0 $30,000 $30,000
Pharoah Electronic would realize the net Income of $30,000 by accepting the special order. Hence, the special order should be accepted.
Which one of the following generic types of competitive strategy is typically the "best" strategy for a company to employ?
A. A low-cost leadership strategy
B. A broad and narrow differentiation strategy
C. A best-cost provider strategy
D. A focused low-cost differentiation leadership provider strategy
E. One that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities
Answer: One that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities
Explanation:
The generic types of competitive strategy is typically the "best" strategy for a company to employ is one that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities.
This is because the company has to consider it's resources, the market and other necessary factors before making a decision on that.
The three-component model of creativity proposes that individual creativity essentially requires expertise, creative thinking skills, and ________.
Answer:
intrinsic task motivation.
Explanation:
The three-component model of creativity proposes that individual creativity essentially requires expertise, creative thinking skills, and intrinsic task motivation.
According to Teresa M. Amabile in her work at the Harvard Business school titled: "Componential theory associated with creativity" she stated that, the three (3) components or elements that individual creativity essentially requires are;
1. Dominant relevant expertise: it is expected that for an individual to be creative, he or she must have be a expert or even a professional in the field (domain).
2. Creative thinking skills: a creative individual is one who possess such abilities and skills to think out of the box and has great cognitive skills to process his thoughts individually.
3. Intrinsic task motivation: an individual who is creative is determined to achieve the best outcome or success in a task out of volition or personally developed interest.
Answer:
The three-component model of creativity proposes that individual creativity essentially requires expertise, creative thinking skills, and intrinsic task motivation.
Money from an allowance or job is known as
Answer:
Earnings?
Explanation:
┐( ∵ )┌ because you earned it?
One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked ___________________. This makes the end-of-period bank reconciliation more efficient. Fill in the missing words in this statement.
Answer:
1. Exclude
2. Add
3. Reconciled
Explanation:
QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.
Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.
Havermill Co. establishes a $330 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $81 for Office supplies, $153 for merchandise inventory, and $30 for miscellaneous expenses. The find has a balance of $66. On October 1, the accountant determines that the fund should be increased by $66. The journal entry to record the reimbursement of the fund on September 30 Includes a:
a. Debit to Office Supplies for $81.
b. Credit to Merchandise Inventory for $153.
c. Credit to Cash for $330.
d. Debit Petty Cash for $264.
e. Credit to Cash for $66.
Answer:
a. Debit to Office Supplies for $81.
Explanation:
The journal entry for recording the reimbursement of the fund includes the office expense for $81 as it is used during the month of December also the same is to be debited i.e. office supplies for $81 with respect to the expenses incurred
Therefore the correct option is a
And, hence all the other options are incorrect
A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an automotive parts supplier. During that time period, he has accumulated $124,000 in the company's 401(k) plan. He wishes to rollover the funds to an IRA account with your brokerage firm. This customer, who is an unsophisticated investor, has the entire 401(k) invested in a growth mutual fund and has no other investments. As the representative for this customer, you should be concerned about:________
Answer:
communicating effectively with an unsophisticated customer in an understandable manner to assess financial goals and risk tolerance
Explanation:
The new customer who has accumulated $124,000 in his company's 401(k) plan wants to rollover his funds with a brokerage firm.
However he only invested in a growth mutual fund.
This is a scenario that could lead to total loss for the customer if the growth mutual fund fails. A better approach would have been to invest in more than one option.
The first action should be to communicate effectively with the unsophisticated customer in an understandable manner to assess financial goals and risk tolerance.
Based on his Prefered objectives an investment plan can be recommended for him
Upon review of the effectiveness of a strategic business decision using evidence-based analytics, business leaders may reverse course. Refer to Highlight, "Unanticipated Consequences at FedEx" What factor(s) led to reversal of the new scheduling system? a) Restrictions on international air space were were not accounted for in the decision making b) The cost of upgrading the technology infrastructure was cost prohibitive. c) The new system contained assumptions that did not consider critical factors such as changes in time zones, travel time across hemispheres, and pilot flying hours d) There was an inadequate number of aircraft to accommodate the new schedule
Answer: c. The new system contained assumptions that did not consider critical factors such as changes in time zones, travel time across hemispheres, and pilot flying hours
Explanation:
Upon review of the effectiveness of a strategic business decision using evidence-based analytics, business leaders may reverse course.
The factor that led to the reversal of the new scheduling system is that the new system contained assumptions that did not consider critical factors such as changes in time zones, travel time across hemispheres, and pilot flying hours.
e can deposit $5,000 at the end of each six-month period for the next 12 years and earn annual interest of 8.5%, compounded semi-annually. What will the value of the investment be after 12 years
Answer:
$201,805.67
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
A = amount
R = interest rate = 8.5 / 2 = 4.25%
N = number of years = 12 x 2 = 24
(1.0425^24 - 1 ) / 0.0425 = 40.361134
40.361134 x $5,000 = $201,805.67
If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and rolling pins they are engaging in
Answer:
Sensory retailing.
Explanation:
If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and rolling pins they are engaging in sensory retailing.
In marketing, sensory retailing can be defined as a strategic process which involves the creation of an atmosphere that attracts potential customers and has a positive influence or effect on them.
Generally, sensory retailing involves the process of appealing to the customer's taste, smell, sight, tactile, and olfactory senses, thus, affecting their perception, judgment and behavior positively.
Hence, when properly designed, harnessed and applied, it boost purchasing behaviors, increases sales revenues, improve customer loyalty, and enhances good vibes or mood among end consumers.
g Marigold Corp. sells its product for $80 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $20, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is
Answer: $33
Explanation:
Under the Variable Costing method, the only costs assigned to inventory are the direct costs as well as the Variable Overhead as these are all variable costs.
The other costs are then charged to an expense account.
Manufacturing cost per unit;
= Direct material + direct labour + Variable overhead
= 20 + 12 + 1
= $33
D. When incorporating, it is important to consider whether or not the company will conduct business internationally. 1. Summarize the impact of foreign exchange rates on the company’s financial statements. What risks do foreign exchange rates pose? Provide academically supported example(s) in your response
Answer with Explanation:
Foreign exchange rates can have significant impact on the company's financial statements because the spot rate at that date can be affect the value of the company's assets. It is very common in consolidated financial statement of a multinational companies.
The impact on the financial statements can be as under:
The fluctuation in currency value can under or over statement of assets, liabilities and Income & Expenses.The fluctuation makes the analysis of the financial statements meaningless. The performance of the company in a consolidated statement will be in a state that would not be better understood or time consuming by experts to develop understanding of what the financial statement is saying. It would be difficult for an ordinary person to understand the performance of the business.It can also also manipulate the value of the assets of the company because increase in devaluation of the currency means increase in inflation and vice versa.The value of the company acquired can be affected significantly which means that the investment (value of whole company) can turn into significant losses which means it can result reporting losses of in a consolidated financial statement. This would also result in decrease in the stock value of the group as a whole.An investor buys a call at a price of $6.30 with an exercise price of $58. At what stock price will the investor break even on the purchase of the call?
Answer:
Break even price = $64.3
Explanation:
To get the break even price, we simply add up the call price with the exercise price
Call price = $6.3
Exercise price = $58
Break even price = $6.3 + $58 = $64.3
A firm's total cost of production is: a. marginal cost plus average cost. b. variable cost plus fixed cost. Please select the best answer from the cho
Answer:
b is the best answer ok plz
Besides not being required, why do you think a company would choose to report or not report a gross profit line? Why do you think many service companies in particular do not report a gross profit line?
Answer:
Gross profit = net sales revenue - cost of goods sold. But what happens when your company doesn't sell any goods, specially if they only sell services and it is impossible to determine the COGS.
This is basically an accounting issue since the IRS defines COGS as:
The cost of products or raw materials, including freight Storage Direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products Factory overhead the cost of inventory items soldSo if your company doesn't sell any items from inventory, the IRS will not consider that your company incurred in COGS.
Reporting COGS is very useful for deducting business expenses, but it is not mandatory. Also, any expenses deducted as COGS cannot be deducted again as any other type of cost. So it is simply an accounting practice that helps certain industries to report their business expenses more clearly and in an orderly manner. But if it is too complicated to determine your company's COGS, then you can report your expenses in other ways and reduce your problems.
Gross profit is computed by subtracting the cost of goods sold (COGS) from revenue on a company's income statement (sales). What happens if your company doesn't sell any things, especially if it just sells services, and determining the COGS is impossible.
This is mostly an accounting issue, as COGS is defined by the IRS as:
Storage costs, as well as the cost of products or raw materials.
Workers' direct labor costs (including contributions to pension or annuity plans).
The cost of inventory products sold plus factory overhead.
As a result, if your company does not sell any inventory, the IRS will not consider your company to have incurred COGS.
COGS reporting is beneficial for deducting business expenses, although it is not required. Furthermore, any COGS charges cannot be deductible as any other form of cost. As a result, it is only an accounting method that assists some sectors in reporting their business expenses in a more clear and organized manner.
For more information about gross profit line refer to the link:
https://brainly.com/question/15291292
Lasso Corporation manufactures Part B89 in its internal processing division. Lasso produces units of Part B89 annually. The annual costs to produce Part B89 at the level of units include: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assuming Lasso can purchase units of the part from the Nadal Parts Company for each, and the facilities currently used to make the part could be rented out to another manufacturer for a year, what should Lasso do? A. Make the part and save per unit. B. Buy the part and save per unit. C. Make the part and save per unit. D. Buy the part and save per unit.
Answer:
Make the part and save $3.00 per unit.
Explanation:
The numbers are missing, so I looked for a similar question to fill in the blanks:
The annual costs to produce Part B89 at the level of 9,000 units include:
Direct materials $3.00 Direct labor $8.00 Variable manufacturing overhead $4.00 Fixed manufacturing overhead $3.00 (non-avoidable)Total cost $18.00All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assuming Lasso Corporation can purchase 9,000 units of the part from the Nadal Parts Company for $20.00 each, and the facilities currently used to make the part could be rented out to another manufacturer for $18,000 a year, what should Lasso Corporation do?
we need to determine how much we can save by buying from Nadal = all avoidable costs can be saved = $18 - $3 = $15 per unit
net cost to buy = $20 - ($18,000 / 9,000) = $20 - $2 = $18 per unit
since the purchase cost is higher than the production costs, Lasso Corporation should keep producing the product.
What would you pay for a $110,000 debenture bond that matures in 15 years and pays $5,500 a year in interest if you wanted to earn a yield of:
Question
What would you pay for a $110,000 debenture bond that matures in 15 years and pays $5,500 a year in interest if you wanted to earn a yield of 8%:
Answer:
Price of bond = $ 81,753.72
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The price of the bond can be worked out as follows:
Step 1
PV of interest payments
annul interest payment = $5,500
Annual yield = 8%
Total period to maturity (in years) = 15
PV of interest =
5500 × (1- (1+0.08)^(-15)/)/0.08 = 47,077.13
Step 2
PV of Redemption Value
= 110,000 × (1.08)^(-15) = 34,676.59
Price of bond
47,077.13 + 34,676.59 =$ 81,753.72
Price of bond = $ 81,753.72
Calculate the effective annual interest rate for the following: a. A 3-month T-bill selling at $97,645 with par value $100,000
Answer:
The effective annual rate is 10%
Explanation:
Future value = Present value * (1+r)^n
(1+r)^n = Future value / Present value
r = (Future value / Present value)^n - 1
Here r is the rate
Substitute the values as below
r = (Future value / Present value)^n - 1
r= ($100,000 / $97,654)^4 - 1
r = 1.10000 - 1
r = 0.10000
r = 10%
On june the 1st 2016 falcon corp decided to repurchase its 10,000,000, 8% bond issue, maturing in 2023. the market price for the bonds on june 1st was 98. The carrying value at the time fof repurchase was 10,230,000. Make journal entries for repurchase of the bonds.
Answer:
June 1, 2016, outstanding bonds are repurchased at 98
Dr Bonds payable 10,000,000
Dr Premium on bonds payable 230,000
Cr Cash 9,800,000
Cr gain on extinguishment of bonds 430,000
Explanation:
Bonds have to be reported at historical cost plus any premiums or minus any discounts. Since the bonds were sold at a premium, the market interest must have been lower than the bonds' coupon. But market interest rates change over time, and now they are higher than the coupon that the bonds pay. This will result in a lower market price, and if the company repurchases them, the transaction will result in a gain since the bonds' carrying value is higher than the price paid to repurchase them.
Wireless Solutions reports operating expenses of $855,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $17,000 and salaries payable increases by $13,500. What is the cash paid for operating expenses during the year
Answer:
$858,500
Explanation:
Cash paid for operating expenses = Operating expenses + Prepaid rent increase - Salaries payable increase
= $855,000 +$17,000 - $13,500
= $858,500
suppose company has a 32% income tax rate, a contribution margin ratio of 45% and fixe costs of 664,000. what sales volume is necessary to achieve and after tax income of 136000
Answer:
$1,777,777.78
Explanation:
The computation of the sales volume needs to be achieved is shown below:
Sales volume is
= Fixed cost + after tax income ÷ (contribution margin ratio)
= ($664,000 + $136,000) ÷ (0.45)
= $1,777,777.78
We ignored the income tax rate as there is no need in the computation part
By using the above formula, it can be determined in an easily manner
Which of the following statements regarding when and where online consumers shop and buy is most accurate?
a. Eighty percent of online sales occur on weekdays.
b. The busiest shopping day is Saturday.
c. Only 55 percent of consumers say they visit Web sites from their place of work.
d. Most people buy online when they are depressed.
e. Favorite Web Sites for workday shopping and buying feature shoes or work attire.
Answer:
The correct answer is the option A: Eighty percent of online sales occur on weekdays.
Explanation:
To begin with, an study done by a group of different consultant companies have demostrated that when it comes to online shopping the consumers tend to buy more at web sites the days of the week from Monday to Friday, more specifically being Wednesday the most busy day of shopping from the consumers and reaching a peek of eighty percent of the online sales. Moreover, the same study have found that the most visited web sites and stores where the people buy were the ones related to travelling and tickets sales of events, so that means that the entertainment was the most searched sector. And finally only a thirty percent of the whole said that they shop online from their work place.
Your client purchases 100 shares of XYZ common stock at $50 and sells two XYZ Oct 55 calls for a premium of $2 each. This investor's maximum potential loss is
Answer: Unlimited
Explanation:
The client has 100 shares in XYZ which means that the first call is covered by this stock should the price of the stock increase and the buyer exercises the option. However, the second call is not completely covered by the shares that the client owns.
This is called an uncovered call and in theory, the losses that the client could get is unlimited because the XYZ stock value could rise forever.
Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could be updated for an additional $2900 and sold. If Concord updates the computers and sells them, net income will increase by $9000. What amount would be considered sunk costs?
Answer:
$18,000
Explanation:
Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.
With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.
The authorized service center is located in Boston. Because Cookie Creations values serving its customers, it pays the shipping to Boston for any mixers needing repair under Kzinski’s warranty terms. Based on past experience, Kzinski has found that approximately 10% of mixers are returned for repair or replacement. The average cost to ship a mixer to Boston is $60.The following transactions take place in 2020 and 2021.1. A total of 30 mixers are sold in 2020.2. Four of the mixers sold in 2020 are returned for repair in 2021. The total shipping cost for returning these four mixers to Boston is $210.3. A total of 40 mixers are sold in 2021.4. Two of the mixers sold in 2021 are returned for repair in 2021. The total shipping cost for returning these two mixers to Boston is $55.Calculate Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.Warranty liability $
Answer:
$180
Explanation:
Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.
Using this formula
Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer
Let plug in the formula
Warrant liability=30 x 10% x $60
Warrant liability=$180
Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180
What effective time management tools should human resources managers use to make effective use of their time when it comes to coping with demands, constraints, and choices confronting them
Answer:
The answer is below
Explanation:
They are various Time Management Tools in which an individual can use to manage his or her time effectively. Thus, human resources managers can use any of the listed time management tools in order to make effective use of their time when it comes to coping with demands, constraints, and choices confronting them:
1. To Do List
2. Calendar
3. Address Book
4. Notebook
1. __utilize working drawings, prints, and specifications to determine specific types of materials to be installed in the structure.
A. Suppliers
B. Architects
C. Tradesworkers
D. Engineers