Answer: Direct Labor Rate Variance
Explanation:
The difference between the actual labor rate and the standard labor rate, multiplied by the actual labor hours is referred to as the Direct Labor Rate Variance.
It should be noted that the labor rate variance in an organization is the responsibility of the human resource department.
Which description is the best example of human capital?
Explanation:
Human capital is the economic value of the abilities and qualities of labor that influence productivity. These qualities include higher education, technical or on-the-job training, health, and values such as punctuality. Investment in these qualities improves the abilities of the labor force.
Which of the following statements is true about working in a CERT? A. CERT volunteers may be assigned to smaller teams for specific tasks. B. CERT teams are assigned based upon which team is on call that day. C. CERTs always operate as a single team. D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
Answer:
D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
Explanation:
CERT is a Community Emergency Response Team that educates volunteers about precaution and preparedness to take during hazards or disaster and train them in basic disaster response skills that includes light search, fire safety, medical operations, and rescue.
CERTs never operate as a single team and always sent volunteers individually to assist others, so that more people can learn about disaster management and if in case CERT team member is not available at that time of hazard, local people or people assisting them should know how to overcome the hazard situation.
Hence, the correct option is "D".
The statement i.e. true related to the CERT is D. CERTs never operate as a single team; volunteers may be sent individually to assist others.
The following information should be considered:
CERT is a Community Emergency Response Team that educates volunteers about precaution and preparedness to take during hazards or disaster and train them in basic disaster response skills that includes light search, fire safety, medical operations, and rescue. CERTs never operate as a single team and always sent volunteers individually to assist others, so that more people can learn about disaster managementLearn more: brainly.com/question/16911495
f one asset class greatly underperforms another class in an asset allocation plan, the portfolio must be:
Answer:
rebalanced.
Explanation:
When this occurs the portfolio must be rebalanced. This refers to the process of realigning and weighting a portfolio's assets in order to maintain an original or desired level of asset allocation. This is accomplished by buying and selling different assets so that you take profits and at the same time allocate percentages from one asset to another. This also allows you to maintain a level of acceptable risk in your portfolio.
Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:________.
Units:
Beginning Inventory: 30,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 120,000.
Units completed and transferred out: 150,000.
Ending Inventory: 32,500 units, 100% complete as to materials and 30% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $48,000.
Costs in beginning Work in Process - Conversion: $53,850.
Costs incurred in February - Direct Materials: $328,050.
Costs incurred in February - Conversion: $604,150.
Calculate the cost per equivalent unit of materials.
a. $2.06
b. $2.08
c. $1.78
d. $2.40
e. $2.69
Answer:
the cost per equivalent unit of materials is a. $2.06.
Explanation:
Step 1 : Calculate the total equivalent units of production for raw materials.
Units completed and transferred (150,000 × 100%) = 150,000
Units in Ending Work in process (32,500 × 100%) = 32,500
Total equivalent units of production for raw materials = 182,500
Step 2 : Calculated the total raw material costs incurred during the period.
Raw material cost in Beginning Work in Process = $48,000
Add Raw Materials Cost Incurred during the period = $328,050
Total raw material costs incurred = $376,050
Step 3 : Calculate the cost per equivalent unit of materials.
Cost per equivalent unit = Total raw material costs incurred ÷ Total equivalent units of production for raw materials
= $376,050 ÷ 182,500
= $2.06
77. Identify a potential risk for businesses using E-Commerce. a. increased customer satisfaction b. the possibility of fraudulent transactions c. inconvenience of returns d. none of the above
Answer:
B. The possibility of fraudulent transactions.
Explanation:
In recent times, it is well known and well known that marketplaces have also included the buying and selling in different other levels which E-commerce has thrived in many ways and are tested to be worth a while. In as much as it is good, e-commerce business in recent times has given a lot of exposure and access to a larger audience. And this has been learnt to have not certainly been possible to achieve through conventional retailing methods. In as much as it is loved by a reasonable amount of people, it is seen to have also made business owners and customers prone to serious security threats; which may include forms like online security breach, client disputes and refunds
Violation of Intellectual property, credit cards scams, poor customer service only to mention but few which are risky too.
Breaches of this form are seen to the risks that can affect your business and you can bear the loss if they are not addressed properly.
On December 31, the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the goodwill, at year-end is $855,000. Prepare Cullumber’s journal entry, if necessary, to record impairment of goodwill.
Answer:
Dr goodwill impairment $34200
Cr goodwill $34200
Explanation:
The fact that the fair value of Blossom’s net identifiable assets is less than the carrying value is a strong indication that the goodwill has been impaired and the impairment is computed thus:
Goodwill impairment=Fair value of net assets-carrying value
fair value of net assets=$820,800
Carrying value of net assets=$855,000
goodwill impairment=$855,000-$820,800=$34200
The double entries would be a debit to goodwill impairment loss account in the statement of profit or loss and a credit to goodwill.
There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the economic concept that best explains the behavior or observation.
A. Swiss watch manufacturers producing high quality time pieces.
B. U.S. auto makers offering a great variety of makes and models of cars.
C. The ability of developing nations to export textiles to wealthier countries.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
2. Specialization or Economies of Scale
Answer:
Explanation:
A. Swiss watch manufacturers producing high quality time pieces.
1. Comparative Advantage
B. U.S. auto makers offering a great variety of makes and models of cars.
2. Specialization or Economies of Scale
C. The ability of developing nations to export textiles to wealthier countries.
US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .
1. Comparative Advantage
wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
2. Specialization or Economies of Scale
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
Professor can earn more by using his time as a professor so he has comparative advantage .
. You are very bullish (optimistic) on stock EFG, much more so than the rest of the market. In each question, choose the portfolio strategy that will give you the biggest dollar profit if your bullish forecast turns out to be correct. Explain your answer.
Here's the full question;
You are very bullish (optimistic) on stock EFG, much more so than the rest of the market. In each question, choose the portfolio strategy that will give you the biggest dollar profit if your bullish forecast turns out to be correct. Explain your answer.
a. Choice A: $10,000 invested in calls with X = 50.Choice B: $10,000 invested in EFG stock.
b. Choice A: 10 call option contracts (for 100 shares each), with X = 50.
Choice B: 1,000 shares of EFG stock.
Answer:
Choice A
Explanation:
Remember, a bullish investor is one that is very optimistic as to the returns on investment despite the risk of such investments, and he goes for the biggest dollar profit investment option.
Thus, we note that among the listed investment options, the call options investment has the greatest profit potential this will be the first catch for a bullish investor.
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15 % Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
Answer:
$458.12
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-160,000
Cash flow each year from year 1 to 3 = $54,000
cash flow in year 4 = $54,000 + $11,000 = $65,000
I = 15
NPV = $458.12
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
If current market interest rates rise, what will happen to the value of outstanding bonds?
1. They will rise.
2. They will remain unchanged.
3. There is no connection between current market interest rates and the value of outstanding bonds.
4. They will fall.
Answer:
The correct answer is 4. If current market interest rates rise, the value of outstanding bonds will fall.
Explanation:
The economics of financial investment of bonds indicates that if the value of the interest rate rises, said rise implies a virtual increase in the risk of the bond, that is, it pays more interest because it is more risky to invest in it.
Therefore, in the event of an interest increase, the price of the bonds will fall. On the contrary, a lower interest rate infers a greater security of the financial asset, with which the lower the interest rate, the higher the value of the bond.
The total cost of Jurislon to be purchased in August is: Multiple Choice $1,839,600 $1,208,700 $1,014,300 $1,017,000
Answer: $1,014,300
Explanation:
The company wants to maintain 20% of the next month's needs as ending inventory.
One Miniwap requires 2.5 kg of Jurision to be made.
Materials purchased is;
= Ending inventory + Materials used - Begining inventory
Ending Inventory;
= 20% of September Jurision
= 20% * 21,300 * 2.5
= 10,650 kg
Materials used
= 2.5 kg * August Miniwaps
= 2.5 * 22,600
= 56,500 kg
Materials Purchased = 10,650 + 56,500 - 10,800
= 56,350 kg
Cost of Jurision is $18 per kilo
= 56,350 * 18
= $1,014,300
Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 million Total Assets of $125.703 million Retained Earnings of $27.859 million. What was the Chester Corporation's common stock? Select: 1Save Answer $26.722 million $20.692 million $76.410 million $82.440 million
Answer:
Chester Corporation's common stock is $20.692 million.
Explanation:
Use the Accounting Equation : Assets = Equity + Liabilities to determine Chester Corporation's common stock.
Let the value of Common Stock be Cs
Then,
Assets = Equity + Liabilities
$125.703 million = $27.859 million + $77.152 million + Cs
Cs = $125.703 million - ($27.859 million + $77.152 million)
= $20.692 million
Therefore,
Common Stock is $20.692 million
A bank is insolvent when its liabilities exceed its assets. its assets increase in value. its assets exceed its liabilities. its capital exceeds its liabilities.
Answer:
The answer is A. when its liabilities exceed its assets.
Explanation:
Insolvency is the state of not being able to pay its long-term debt or liability. If a liability exceeds assets, the company is at the risk of liquidation, it becomes a going concern issue. And meeting its short term obligation (liquidity) or long-term obligation (solvency) is in doubt.
One of the ratio to determine insolvency is debt-to-equity ratio.
what does a scrum master support in order to help the team improve and take responsibility g
Answer:
The Scrum Master helps foster the culture of technical discipline and craftsmanship that is the hallmark of effective Agile teams. And, also, he builds a high-performing team – focusing on ever-improving team dynamics and performance.
Lastly, he helps the team manage interpersonal conflicts, challenges, and opportunities for growth.
Explanation:
Account Title Debit Credit
Cash $7,800
Accounts receivable 15,500
Office supplies 6,160
Trucks 200,000
Accumulated depreciation—Trucks $36,256
Land 43,000
Accounts payable 10,100
Interest payable 20,000
Long-term notes payable 40,000
K. Wilson, Capital 171,525
K. Wilson, Withdrawals 45,000
Trucking fees earned 121,000
Depreciation expense
—Trucks 23,385
Salaries expense 56,046
Office supplies expense 9,000
Repairs expense—
Trucks 10,277
Totals $398,881 $398,881
Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31, 2017.
Answer:
Wilson Trucking Company’s classified balance sheet as of December 31, 2017.
ASSETS
Non - Current Assets
Trucks 200,000
Accumulated depreciation—Trucks (36,256 ) 163,744
Land 43,000
Total Non - Current Assets 206,744
Current Assets
Office supplies 6,160
Accounts receivable 15,500
Cash 7,800
Total Current Assets 29,460
Total Assets 236,204
EQUITY AND LIABILITIES
Equity
K. Wilson, Capital 171,525
K. Wilson, Withdrawals (45,000)
Net Income 22,292
Total Equity 148,817
Liabilities
Non - Current Liabilities
Long-term notes payable 40,000
Total Non - Current Liabilities 40,000
Current Liabilities
Accounts payable 10,100
Interest payable 20,000
Total Current Liabilities 30,100
Total Equity and Liabilities 218,917
Explanation:
The Net Income for the year needs to be determined. This is included under the Equity section of the Balance Sheet.
Calculation of Net Income/(Loss) for the year
$ $
Trucking fees earned 121,000
Less Expenses :
Depreciation expense —Trucks 23,385
Salaries expense 56,046
Office supplies expense 9,000
Repairs expense— Trucks 10,277 (98,708)
Net Income / (loss) 22,292
When computing yield to maturity, the implicit reinvestment assumption is that the interest payments are reinvested at the:
Answer:
The remaining part of the question is:
The interest payments are reinvested at the:
a.Coupon rate.
b.Current yield.
c.Yield to maturity at the time of the investment.
d.Prevailing yield to maturity at the time interest payments are received.
e.The average yield to maturity throughout the investment period
Correct Answer:
b.Current yield.
Explanation:
Kate invests $500 at the beginning of each year for 12 years into a fund earning an effective annual interest rate of 5%. Interest is paid on the fund at the end of each year. Kate takes each interest payment and reinvests it in another fund earning a rate of 4%. Find the combined value of Kate's two funds at the end of year 12
Answer:
$7,888.55
Explanation:
we can prepare Katie's expected balance on her accounts:
end of year 1 = $500 x (1 + 5%) = $525
end of year 2 = $525 + [$525 x (1 + 4%)] = $1,071
end of year 3 = $525 + [$1,071 x (1 + 4%)] = $1,638.84
end of year 4 = $525 + [$1,638.84 x (1 + 4%)] = $2,229.39
end of year 5 = $525 + [$2,229.39 x (1 + 4%)] = $2,843.57
end of year 6 = $525 + [$2,843.57 x (1 + 4%)] = $3,482.31
end of year 7 = $525 + [$3,482.31 x (1 + 4%)] = $4,146.60
end of year 8 = $525 + [$4,146.60 x (1 + 4%)] = $4,837.47
end of year 9 = $525 + [$4,837.47 x (1 + 4%)] = $5,555.97
end of year 10 = $525 + [$5,555.97 x (1 + 4%)] = $6,303.21
end of year 11 = $525 + [$6,303.21 x (1 + 4%)] = $7,080.33
end of year 12 = $525 + [$7,080.33 x (1 + 4%)] = $7,888.55
Diversity groups identified in the market today can include extroverts, introverts, atheists, and the religious.
a) true
b) false
Answer: True
Explanation:
It us true that the diversity groups identified in the market today can include extroverts, introverts, atheists, and the religious while the introverts are rather shy, reserved and not sociable.
The atheists don't believe in God while the religious believe there is a supreme being who is being worshipped.
Suppose that the central bank in this economy is concerned that inflation is too high and wants to lower the inflation rate by 6 percentage points per year. A reduction in the rate of inflation is known as_____. To reduce inflation from 8% to 2% in the short run, the central bank would have to accept an unemployment rate of_______%.
If people have rational expectations, the economy may not have to endure an unemployment rate as high as predicted by the short-run Phillips curve.
A. True
B. False
Answer:
i) Dis-inflation
ii) 9%
iii) True
Explanation:
A reduction in the rate of inflation is known as Dis-inflation and for the central bank to reduce inflation from 8% to 2% the central bank would have to accept a 9% unemployment rate
This can be proved below using this relationship
reduction of inflation = new inflation ( Δ u )
where Δ u = change in unemployment
hence increase in unemployment will be
Reduction of inflation / new inflation
= 6% points / 2% = 3%
From the intersection of the short-run Philips curve and the long run Philips curve when the inflation rate is at 8% the unemployment rat is at 6% and when the inflation rate falls to 2% the unemployment rate rises to 9% ( 6% + 3% ) the calculation above supports the effect of the reduction in inflation rate on unemployment rate
Due to Rational expectations from the people they will have to endure an unemployment as high as predicted this is in order to ensure a strong purchasing power for the currency ( True )
The correct words to fill the given blanks in the context of the excerpt would be as follows:
1). The term employed to denote the fall in inflation rate is called;
- Disinflation
2). The rate of inflation that the government will have to tolerate to reduce it to 2% would be:
- 9%
3). The claim proposed regarding the people's rational expectations preventing the excess rate of unemployment would be considered:
True
1). 'Disinflation' is described as the terminology that is employed to refer to the process by which the rate of inflation is provisionally downturned.
2). In order to bring a fall in the rate of inflation, the government may have to tolerate a temporary hike of being it at 9% as the association shown below:
As we know,
The fall in reduction = Δu(The new rate of inflation)
with Δu denoting the alteration in the rate of unemployment
∵ Increase in unemployment = Reduction of Inflation ÷ New rate of Inflation
= 6% ÷ 2%
= 3%
In order to reduce the rate to 2%,
The temporary rate of inflation would be 6% + 3% = 9%
3). In the situation of people having reasonable expectations, the inflation rate would be limited as purchasing power would be saved for necessary items as unnecessary wants are the primary cause of reduced purchasing power and unemployment. Thus, it is true.
Learn more about 'Employment' here:
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A machine can be purchased for $202,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied, using a five-year life and a zero salvage value.
Year 1 Year 2 Year 3 Year 4 Year 5
Net incomes $18,000 $25,000 $53,000 $58,000 $108,000
Compute the machine’s payback period (ignore taxes).
Answer:
2.36 years
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.
To derive cash flows from net income, depreciation expenses should be added to net income.
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2 / 5 = 0.4
Deprecation expense in year 1 = 0.4 x $202,000 = $80,800
Book value in year 2 = $202,000 - $80,800 = $121,200
Deprecation expense in year 2 = 0.4 x $121,200 = $48,480
Book value in year 3 = $121,200 - $48,480 = $72,720
Deprecation expense in year 3 = 0.4 x $72,720 = $29,088
Book value in year 4 = $72,720 - $29,088 = $43,632
Deprecation expense in year 4 = $43,632 x 0.4 = $17,452.80
Book value in year 5 = $43,632 x 0.4 - $17,452.80 = $26,179.20
Deprecation expense in year 5 = $26,179.20 x 0.4 = $10,471.68
Cash flow in year 1 = $18,000 + $80,800 = $98,800
Cash flow in year 2 = $25,000 + $48,480 = $73,480
Cash flow in year 3 = $53,000 + $29,088 = $82,088
Cash flow in year 4 = $58,000 + $17,452.80 = $75,452.80
Cash flow in year 5 = $108,000 + $10,471.68 = $118,471.68
Please check the attached image for how the payback period was calculated
Answer:
the machine’s payback period is 2 years and 3 months.
Explanation:
First remove the depreciation expense from the net income because this is a non-cash item.
Depreciation Expense (double-declining method) = 2 × SLDP × BVSLDP
SLDP = 100 ÷ Number of useful life
= 100 ÷ 5
= 20 %
Year 1
Depreciation Expense = 2 × 20% × $202,000
= $80,800
Year 2
Depreciation Expense = 2 × 20% × ($202,000 - $80,800)
= $48,480
Year 3
Depreciation Expense = 2 × 20% × ($202,000 - $48,480)
= $61,408
Year 4
Depreciation Expense = 2 × 20% × ($202,000 - $61,408)
= $56,237
Year 5
Depreciation Expense = 2 × 20% × ($202,000 - $56,237)
= $58,305
Summary of Cash flows will be :
Year 1 = $18,000 + $80,800 = $98,800
Year 2 = $25,000 + $48,480 = $72,480
Year 3 = $53,000 + $61,408 = $114,408
Year 4 = $58,000 + $56,237 = $114,237
Year 5 = $108,000 + $58,305 = $166,305
Payback period :
$202,000 = Year 1 ($98,800) + Year 2 ($72,480) + $30,720 / $114,408
= 2 years and 3 months
consider the following $1000 par value zeo coupon bonds the expect 1 year interest rate 2 years from no should be
Answer: 9.71%
Explanation:
The expected 1 year rate 2 years from now is given by;
[tex](1 + Rate_{2 years})^{2} * (1 + Rate_{1 year}) = (1 + Rate_{3 years})^{3}[/tex]
2 years rate = 8.20%
3 year rate = 8.7%
[tex](1 + Rate_{2 years})^{2} * (1 + Rate_{1 year}) = (1 + Rate_{3 years})^{3}[/tex]
[tex](1.082)^{2} * (1 + Rate_{1 year}) = (1.087)^{3}\\\\Rate_{1 year} = \frac{(1.087)^{3}}{(1.082)^{2}} - 1\\\\= \frac{1.284365503}{1.604588091037263424} - 1\\\\= 0.0971\\[/tex]
= 9.71%
As part of their sales training, the staff at Penny Stores is encouraged to build personal relationships with the store's patrons. Apart from receiving product training, the staff is taught to follow a scripted sales process wherein they must greet the customers, introduce themselves, and enquire about their purchase. They are also encouraged to engage in casual conversation with the customer. In a recent survey conducted by the marketing department, it was revealed that customers were dissatisfied with the level of service at Penny Stores. Which of the following, if true, best explains this situation?
A) Customers come to Penny Stores to make high-involvement purchases.
B) The training period for the staff is three weeks long.
C) Penny Stores offers an extensive range of consumer products.
D) Customers associate superior service with efficiency and not friendliness.
E) The staff at Penny Stores is friendly but not familiar.
Answer:
D) Customers associate superior service with efficiency and not friendliness.
Explanation:
In the given scenario of Penny Stores sales people are encouraged to build a relationship with the customer by following a scripted sales process.
They must greet the customer, introduce themselves and inquired about their purchase.
Staff are also encouraged to engage in casual conversation with customers.
The aim of this strategy is to create an atmosphere of friendliness.
However a survey conducted shows customers are dissatisfied.
It shows that customers do not appreciate the effort of staff at being friendly, but rather they prefer efficient service delivery.
Iron Works International is considering a project that will produce annual cash flows of $38,500, $47,200, $57,900, and $23,400 over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $112,500
Answer:
18.625%
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-112,500
Cash flow in year 1 = $38,500
Cash flow in year 2 = $47,200,
Cash flow in year 3 = $57,900,
Cash flow in year 4 = $23,400
IRR = 18.625%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Tom bought 5 bonds with $1,000 face value for $1,100 5 years ago. The coupon rate is 8%. Tom sold the bond for $900 today. What is Tom’s total percentage return?
Answer:
18.18%
Explanation:
Income = Coupon amount over the period of holding
Income =($1000*8%)*5
Income =$400
Capital gain/(loss)=Sale price - Purchase price
Capital gain/(loss)=$900 - $1100
Capital gain/(loss)=-$200
Total percentage return=[(Income+Capital gain)/Purchase Price]*100
=[$400+(-$200)]/$1100]*100
=[$200/$1100]*100
=18.18%
Direct Materials Variances
The following data relate to the direct materials cost for the production of 10,000 automobile tires:
Actual: 145,000 lbs. at $2.80 per lb.
Standard: 150,000 lbs. at $2.75 per lb.
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance $ Unfavorable
Quantity variance $ Favorable
Total direct materials cost variance $ Favorable
b. The direct materials price variance should normally be reported to the Purchasing Department . If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the Production Supervisor . If the favorable use of raw materials had been caused by the purchase of higher-quality raw materials, the variance should be reported to the Purchasing Department .
Answer and Explanation:
The computation is shown below
a.
For Direct materials price variance is
= (Actual price - standard price) × actual quantity
= ($2.8 - $2.75) × 145000
= $7,250 unfavorable
For Direct materials quantity variance is
= (Actual quantity - standard quantity) × standard price
= (145,000 - 150,000) × $2.75
= $13,750 favorable
For Total direct material cost variance is
= $7,250 unfavarable + $13,750 favorable
= $6,500 favorable
b. The answers are purchasing department, production supervisor and the purchasing department
Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash flows -$325 $200 $200 $2001. 1.93 years2. 1.63 years3. 1.80 years4. 1.67 years5. 1.50 years
Answer:
1.63 years
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = Amount invested / cash flow
= $325 / 200 = 1.625 years
Answer: 2. 1.63 years
Explanation;
Payback period is one way of checking to viability of a project by checking how long it will take for the project to pay back it's initial investment.
Payback Period = Year before Payback + (Amount remaining till payback/ Cash inflow in Year of Payback)
Cash inflow is $200 each so 2 years will bring in $400 which is more than the investment.
Year before payback is therefore 1 year.
Amount remaining till payback = 325 - 200 = 125
Cash inflow in Year of Payback being the second year is $200.
Payback Period = 1 + ( 125/200)
= 1 + 0.625
= 1.625
= 1.63 years
The Work section in QuickBooks Online Accountant is a great starting point for planning your new client engagement. What are the first step(s) in the client onboarding workflow?
Answer:
Meet the client and gather information
Explanation:
The first step in the client onboarding workflow is to meet the client and gather information about him or her. This is done by using new client engagement check lists to ask all the required questions in other to gather all necessary information about the client. This is to ensure that the client set objectives and expectations are properly planned for in the onboarding process.
The president of Global Wholesalers would like to offer special sale prices to the firm's best customers under the following terms:______
1. The prices will apply only to units purchased in excess of the quantity normally purchased by a customer.
2. The units purchased must be paid for in cash at the time of sale.
3. The total quantity sold under these terms cannot exceed the excess capacity of the firm.
4. The net profit of the firm should not be affected.
5. The prices will be in effect for one week only.
Answer:
Correct Answer:
1. The prices will apply only to units purchased in excess of the quantity normally purchased by a customer.
Explanation:
This is because, the excess of the product purchased by the customer would be deemed eligible for special sales price. For example, Customer A use to purchase product B, 400 pieces each month.
In the month the sales prices started, he purchased 900 pieces of same product. Then, the special sales price would apply to 500 pieces of the product which was extra quantity he bought aside his regular quantity.
The following cost and revenue information pertains to the new CD:
CD package and disc (direct material and labor): $2.50/CD
Songwriters' royalties: $0.70/CD
Recording Artists' royalties: $2.00/CD
Advertising & promotion: $380,000
Sony Records Inc.'s Overhead: $300,000
Selling price to CD Distributor: $10.00
Knowing they had been selling 100,000 CDs, what percent does this change in sales represent?
a. 25.36%
b. 12.43%
c.79.17%
d. 15.63%
e. None of the above
Answer:
Cost and Revenue information for the new CD
e. None of the above
Explanation:
a) Data and Calculations:
Variable cost:
Direct material and labor): $2.50/CD
Songwriters' royalties: $0.70/CD
Recording Artists' royalties: $2.00/CD
Total variable cost $5.20/CD
Selling price to CD Distributor: $10.00/CD
Contribution $4.80/CD
Fixed Costs:
Advertising & promotion: $380,000
Sony Records Inc.'s Overhead: $300,000
Total fixed costs $680,000
The break-even point = Fixed costs/Contribution per unit
= $680,000/$4.8 = 142,000 CDs
Knowing they had been selling 100,000 CDs
There is an increase of 42,000 (142,000 - 100,000)
This increase represents a change of 42% = (42,000/100,000 * 100)
The change in sales from 100,000 CDs to 142,000 CDs in order to break-even is a 42% increase. None of the given options from a to d has the answer.
The percentage that's represented by the change is E. None of the above.
Based on the information given, we'll segregate the cost into a fixed and variable cost. This will be:
Variable costDirect material and labor: = $2.50/CDSongwriters' royalties: = $0.70/CDRecording Artists' royalties: = $2.00/CDTotal variable cost = $5.20/CDSelling price to CD Distributor = $10.00/CDContribution = $4.80/CDFixed Costs:Advertising & promotion: = $380,000Sony Records Inc.'s Overhead: = $300,000Total fixed costs = $680,000The break-even point will then be calculated thus:
= Fixed costs/Contribution per unit
= $680,000/$4.8
= 142,000 CDs
The Percentage increase will be:
= (142000 - 100000) / 100000 × 100
= 42000/100000 × 100
= 42%
In conclusion, the correct option is None of the above.
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The market value of Firm L's debt is $200,000 and its yield is 9%. The firm's equity has a market value of $300,000, its earnings are growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with growth, what would Firm L's total value be if it had no debt?
Answer:
14%
Explanation:
As we know that:
Firm's Cost of Equity = Ke + (Ke - Kd) * Market Value of Debt / Market Value of Equity
Here
Ke is 12%
Kd is 9%
MV of Debt is $200,000
MV of Equity is $300,000
By putting values, we have:
Firm's Cost of Equity = 12% - (12% - 9%) * $200,000 / $300,000
Firm's Cost of Equity = 14%