Answer:
persuasion.
Explanation:
Persuasion is an influence tactic used to convince someone to do something.
In the workplace it can be a very effective tool for managers and salespeople.
Therefore, to be effective, your content must be aligned to your audience. It is necessary that the agent who will carry out the persuasion knows his audience to then identify what are his main characteristics and then develop an appropriate message.
For a manager, making a persuasive speech can convince employees to accept changes implemented in the organization, but the speech must be well thought out and delivered in a way that contains elements that justify the reason for what is being explained, in addition to being a clear communication and honest.
For salespeople, a persuasive speech can convince the customer to buy a product or service offered according to their rational and emotional motivations, if the persuasion agent knows how to analyze them and shape their speech according to the customer.
Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks and then transmit this information to a smartphone. The cost structure to manufacture 19,000 Tri-Robos is as follows. Cost Direct materials ($48 per robot) $912,000 Direct labor ($38 per robot) 722,000 Variable overhead ($5 per robot) 95,000 Allocated fixed overhead ($32 per robot) 608,000 Total $2,337,000 Jobs is approached by Tienh Inc., which offers to make Tri-Robo for $111 per unit or $2,109,000. Following are independent assumptions. 1) Assume that $405,000 of the fixed overhead cost can be avoided. Using incremental analysis, determine whether Jobs should accept this offer 2) Assume that none of the fixed overhead can be avoided. However, if the robots are purchased from Tienh Inc., Jobs can use the released productive resources to generate additional income of $375,000. 3) Based on the above assumptions, indicate whether the offer should be accepted or rejected?
Answer:
1) the offer should be accepted because its results in a financial advantage of $25,000
2) the offer should not be accepted because its results in a financial disadvantage of $5,000
3) depending on whether 1) or 2) is true, the offer should be accepted or rejected. If 1) applies, then the offer should be accepted. If 2) applies, then the offer should be rejected.
Explanation:
19,000 robots produced:
Cost Direct materials ($48 per robot) $912,000 Direct labor ($38 per robot) $722,000 Variable overhead ($5 per robot) $95,000 Allocated fixed overhead ($32 per robot) $608,000 ($405,000 are avoidable)Total $2,337,000average total production cost per unit = $123
avoidable costs per unit = $112.3158
total avoidable costs if units are purchased from outside vendor = $2,134,000
total purchase costs from outside vendor = $2,109,000
financial advantage of purchasing robots = $25,000
if no allocated fixed costs are avoidable, but the facilities can generate $375,000 in additional income:
total avoidable production costs + additional income = $2,104,000
total purchase costs from outside vendor = $2,109,000
financial disadvantage of purchasing robots = $5,000
An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Data concerning those products appear below:
LN JQ RQ
Selling price per unit $ 161.88 $ 350.41 $ 446.71
Variable cost per unit $ 116.12 $ 279.11 $ 338.71
Minutes on the constraint 2.60 4.60 7.50
Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-09-13
A. LN, JQ, RQ
B. RQ, LN, JQ
C. RQ, JQ, LN
D. JQ, RQ, LN
Answer:A. LN, JQ, RQ
Explanation:
To know the current profitability, we need to determine the contribution margin unit by the minutes on the constraints .
a) For LN
Contribution by unit = Selling price per unit- Variable cost per unit
$ 161.88 -$116.12 = $45.76
Contribution by the minutes = Contribution by unit / Minutes on the constraint
= $45.76/ 2.60 = 17.60
B) For JQ
Contribution by unit = Selling price per unit- Variable cost per unit
$ 350.41 -$279.11 = $71.3
Contribution by the minutes = Contribution by unit / Minutes on the constraint
= $71.3/ 4.60 = 15.50
c) For RQ
Contribution by unit = Selling price per unit- Variable cost per unit
$ 446.71 -$338.71 = $108
Contribution by the minutes = Contribution by unit / Minutes on the constraint
= $108/ 7.50 = 14.40
In order of their current profitability from most profitable to least profitable, We have LN with 17.60, next JQ with 15.50 and the least RQ with 14.40
1) A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average cost is $95.
In the short run, the break-even price is _______. In the long run, the break-even price is _______.
2) Suppose the firm charges a price of $110 per unit.
In the short run, should they continue to produce or shut down?
In the long run, should they continue to produce or shut down?
Answer:
q , 2. m,n (9,9)
Yes it will.produced
In the short run, the break-even price can be calculated by adding the average variable cost to the average cost.
So the short-run break-even price would be $40 + $95 = $135 per unit. This means that the firm needs to charge at least $135 per unit to cover all its costs and avoid losses in the short run.
In the long run, the break-even price is determined by the average cost alone. So the long-run break-even price would be $95 per unit. This implies that the firm needs to charge at least $95 per unit to cover all its costs and achieve zero economic profit in the long run.
In the short run, if the firm charges $110 per unit and the break-even price is $135, it means that the firm is not covering all its costs and is incurring a loss of $25 per unit. In this scenario, it would be advisable for the firm to shut down in the short run, as continuing to produce and sell at a price lower than the break-even price would result in further losses.
In the long run, the firm should evaluate its options based on its ability to adjust its cost structure. If the firm can find ways to reduce its average cost below $110 per unit, then it may be profitable to continue producing. However, if the firm is unable to lower its costs sufficiently, it may be more prudent to shut down in the long run to avoid sustained losses. The decision will depend on the firm's ability to adapt and improve its cost efficiency.
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discuss how Continuous Improvement is impacting healthcare, banking, retail and/or government (choose one area). Merger of Lean and Six Sigma are interesting topics you can explore here
Answer:
Explanation:
How Continuous Improvement is impacting Healthcare
1. There is now a greater availability of consultancy services
2. Community health awareness programs are instilling health consciousness and care in members of remote communities
3. The presence of NGOs (Non-governmental Organizations) and NPOs (Non-profit Organizations) is increasing the availability of free medicines, equipment and healthcare infrastructure in low-income countries or states
4. Technological revolution has affected the health sector as well. Medical services and interactions between patients and doctors, has gone digital. Software applications were doctors and patients can meet, are now in vogue. This has reduced the stress, costs and risks involved in migrating from one place to another to deliver or receive healthcare. It also helps proffer immediate (temporary or permanent) solutions to emergency cases.
5. Apart from making good use of technology and philanthropy, regular scientific research impacts healthcare positively; by serving better ways to treat certain ailments and searching out the cures to new ailments or pandemics.
All of the following statements regarding long-term liabilities are true except?
A. Liabilities not expected to be paid within the longer of one year or the company's operating cycle are reported as long-term liabilities.
B. Long-term liabilities include long-term notes payable, warranty liabilities, lease liabilities, and bonds payable.
C. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.
D. Long-term liabilities can be reported on the balance sheet in a single total or in multiple categories.
Answer:
C. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.
Explanation:
The liabilities are the responsibility with regard to the amount that is borrowed by someone from any other person or financial institution. It is a responsibility of a person to return the borrowed amount within the prescribed time along with the interest. Its time period is more than one year
Based on the given options, the option A, B and D are correct but option D is not correct as they have the specified date
Hence, the option C is correct
What is the usual rationale for governments to issue monopoly-promoting licenses to firms providing services such as trash collection
Answer: Economies of scale
Explanation:
Economies of scale are the cost advantages i.e the reduction in cost which a company benefits when there is efficiency in production. This is possible when there is a rise in production.
Therefore, the rationale for governments to issue monopoly-promoting licenses to firms providing services such as trash collection is due to economies of scale as this will help in reducing the cost and also allow one main company to do it more efficiently and effectively.
You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose from two bonds: a zero-coupon bond with maturity five years, and a perpetuity, each currently yielding 5%. a. How much of (i) the zero-coupon bond and (ii) the perpetuity will you hold in your portfolio? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. How will these fractions change next year if target duration is now nine years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer:
Ai.Zero coupon bonds = 68.75%
Aii. Perpetuity= 0.3125
Bi. Zero coupon bonds = 70.58%
Bii. Perpetuity= 0.2942
Explanation:
ai. Calculation for How much of the zero-coupon bond
Duration of Zero Coupon Bond = 5 years
Duration of Perpetuity = 1.05/0.05 = 21 years
Using this formula
Dp=W×D1 +(1-W)×D2
Let plug in the formula
10 = 5w + (1 - w)21
10 = 5w + 21 - 21w
21w-10w=21-5
11w=16
w=11/16
w = 0.6875*100
w=68.75%
Zero coupon bonds = 68.75%
Therefore How much of the zero-coupon bond
you hold in your portfolio will be 68.75%
aii. Calculation for the perpetuity you will hold in your portfolio
Perpetuity= 1 - 0.6875
Perpetuity= 0.3125
Therefore the perpetuity you will hold in your portfolio will be 0.3125
bi. Calculation for how will these fractions change next year if target duration is now nine years
Duration of Zero Coupon Bond = (5 -1) =4years
Duration of Perpetuity = 1.05/0.05 = 21 years
Using this formula
Dp=W×D1 +(1-W)×D2
Let plug in the formula
9 = 4w + (1 - w)21
9 = 4w + 21 - 21w
21w-9w=21-4
12w=17
w=12/17
w = 0.7058×100
w=70.58%
Zero coupon bonds = 70.58%
Therefore How much of the zero-coupon bond
you hold in your portfolio will be 70.58%
bii. Calculation for the perpetuity you will hold in your portfolio
Perpetuity= 1 - 0.7058
Perpetuity= 0.2942
Therefore the perpetuity you will hold in your portfolio will be 0.2942
Ted and Lisa are selling their home and have signed a listing agreement. Client or customer? Steven visits Ted and Lisa's open house, and he is interested in purchasing their home. What happens next? Is Steven a client or customer?
Answer: D. . Ted and Lisa are clients, and Steven is a customer. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationships.
Explanation:
The options to the question are:
A. Ted and Lisa are customers, and Steven is a client. The listing agent must disclose to Steven that Ted and Lisa are customers.
B. Ted and Lisa are clients, as is Steven. The listing agent must disclose to Steven that Ted and Lisa are also clients.
C. Ted and Lisa are customers, and Steven is a client. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationships
D. Ted and Lisa are clients, and Steven is a customer. The listing agent must disclose to Steven that he/she represents Ted and Lisa and explain customer relationship
From the question, we are informed that Ted and Lisa are selling their home and have signed a listing agreement and that Steven visits Ted and Lisa's open house, and he is interested in purchasing their home.
The above scenario shows that Steven is a customer while Ted and Lisa are the clients. Steven is a customer as he is the one that wants to buy the house.
The listing agent must then disclose to Steven that he/she represents Ted and Lisa and explain customer relationships.
Which describes a type of tax that funds city programs?
Answer:
local income tax
Explanation:
Angela deposited her money in a credit union bank. One day, she finds that the bank deposited her paycheck to the wrong account, causing the account to become overdrawn. Which legal responsibility has Angela’s bank failed to uphold?
A.
the responsibility to keep her money safe
B.
the responsibility to reach the correct account upon payment
C.
the responsibility to notify customers regarding the money deposited or withdrawn
D.
the responsibility to issue an account statement listing all transactions over the past year
E.
the responsibility to protect customers’ money
Answer:
The correct answer is the responsibility to notify the customers regarding the money deposited or withdrawn by which this could have been prevented if the bank were able to provide the details that the money she had deposited were safely placed on her account and not on someone else’s. So, the answer is c.
Answer:
It's C. the responsibility to notify customers regarding the money deposited or withdrawn
Explanation:
Which of the following is considered a capital asset for federal income tax purpose?
a) Accounts receivable acquired in the course of your business
b) Land used in your business
c) Furniture and equipment used in your business
d) Stock in trade
e) Automobile held for personal use
Answer:
b) Land used in your business
Explanation:
For tax purposes the IRS classifies capital assets as those that have a productive life of more than one year and is not normally sold during the course of a business's operations.
Capital assets are a type of production cost, they are used in the production process to generate revenue.
They are expensed over the useful life of the asset in the form of depreciation.
Land is an example of capital assets for the purpose of federal income tax.
It provides the site of production and is not an item that is sold in the short run. Rather it is used over several years.
A real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers. The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses. What would be the developer’s change in revenue from lowering the price in this way?
Answer:
If the company lowers the selling price, the revenues will decrease by $100,000.
Explanation:
Giving the following information:
The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses.
Actual revenue= 350,000*20= $7,000,000
New revenue= 300,000*23= $690,000
If the company lowers the selling price, the revenues will decrease by $100,000.
For movement along the demand curve, from an old position to a new one, the price effect is quantifiable as
Answer:
This question is incomplete, the options are missing. The options are the following:
A) The old price times the change in quantity.
B) The old price times the new quantity.
C) The new price times the change in quantity.
D) The old quantity times the change in price.
And the correct answer is the option D: The old quantity times the change in price.
Explanation:
To begin with, the name of "Price Effect" refers to a concept known in economics as the situation where a consumer is affected by the change in the price that a good he plans to buy staying everything else constant. This effect is quantifiable as the old quantity times the change in price when we see the representation in a graphic due to the fact that when the demand curve moves the new position will be established by that new price that have affected the consumer given the same old quantity.
Consider the following work breakdown structure:What is the probability that this project will be completed within 210 days AND after 195 days? Time Estimates (days) Activity Precedes Optimistic Most Likely Pessimistic Start A,B,C - - - A D 38 50 62 B E 90 99 108 C E 70 80 90 D E,F 19 25 31 E End 91 100 115 F End 62 65 68
a) 0.815.
b) 0.8413.
c) 0.95.
d) 0.9772.
Answer: 0.8186
Explanation:
Given that;
activity To Tm Tp Te (V)^0.5 v
A 38 50 62 50 4 16
B 90 99 108 99 3 9
C 70 80 90 80 3.333333 11.11111
D 19 25 31 25 2 4
E 91 100 115 101 4 16
F 62 65 68 65 1 1
Expected duration Te = (4 × Tm + To + Tp ) / 6
Variance = ( Tp-To/6]²
variance of the critical path = 9+16 =25
SD of the critical path = ( var)^0.5 = 5
probability that the project will be completed within 210 days is given by
z = (210-200) / 5 = 2
which gives probability of 0.97725
Probability that the project will be completed within 195 days
z = (195-200) / 5 = -1
which corresponds to probability of 0.1586
Now required probability that project completes within 210 but before 195 days is given by
0.97725 - 0.1586 = 0.8186
On December 31, 2017, Ivanhoe Company had $1,313,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 23,200 shares of its common stock for $45 per share, receiving $1,044,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $269,000 cash, are used to liquidate the $1,313,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018. Show how the $1,211,000 of short-term debt should be presented on the December 31, 2017, balance sheet.
Answer:
They should be reported in 2 different parts, first under current liabilities as:
Notes payable $269,000Then under long term liabilities:
Notes payable expected to be refinanced $1,044,000Explanation:
the total short term notes payable on December 31 = $1,313,000
$1,044,000 were paid off by issuing common stocks, so that portion of the debt must be reported as notes payable expected to be refinanced (or refinanced debt)the remaining $269,000 which were paid using cash reserves must be reported as current notes payableAn online gambling site offers a first prize of $50000 and two second prizes of $20000 each for registered users when they place a bet. A random bet will be selected over a 24hour period. Two million bets are received in the contest. Find the expected winnings if you can place one registered bet of $1 in the given period.
Answer:
−0.955
Explanation:
Given the following :
Worth of placing a registered bet = $1
1st price = $50,000
2nd price = $20,000
Total bets received = 2,000,000
Net winning :
Winning - worth of placing a registered bet
Ist price = $50,000 - $1 = $49,999
2nd price = $20,000 - $1 = $19,999
Amount lost = - $1
number of losers = 2,000,000 - 3 = 1,999,997
Probability :
Probability = (required outcome / Total possible outcomes)
Number of 1st price winners = 1
Number of second price winners = 2
P(1st price) = 1 / 2,000,000
P(2nd price) = 2/ 2,000,000 = 1/ 1,000,000
Therefore ;
Net winning (x) - - 49,999 - 19,999 - - - (-1)
P(winning) p(x) - - 1/2mill - - 1/1mill-- 1999997/2mill
Expected winnings = sum of [(x) * p(x)]
= ($49,999 * 0.0000005) + (19,999 * 0.000001) +(-1 * 0.9999985)
= 0.0249995 + 0.019999 − 0.9999985
= 0.0449985 - 0.9999985
= - 0.955
CAPM says that portfolio returns are best explained by: Group of answer choices Systematic risk Specific risk Economic factors Diversification
Answer:
Systematic risk
Explanation:
According to CAPM,
the expected return = risk free rate + ( beta x market premium)
Beta measures systemic risk
Systemic risk is risk inherent in a market and cannot be eliminated by diversifying portfolio. It is also known as market risk.
In the month of March, Crane Salon services 590 clients at an average price of $120. During the month, fixed costs were $21,312 and variable costs were 60% of sales. (a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ Contribution margin per unit $ Contribution margin ratio %
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 590 units
Selling price= $120
Unitary variable cost= 120*0.6= $72
Fixed costs= $21,312
First, we need to calculate the total contribution margin:
Total contribution margin= 590*(120 - 72)
Total contribution margin= $28,320
Now, the contribution margin per unit:
Unitary contribution margin= 120 - 72= $48
Finally, the contribution margin ratio:
contribution margin ratio= contribution margin / selling price
contribution margin ratio= 48/120
contribution margin ratio= 0.4
If nothing is stated to the contrary in terms of an auction, an auction is presumed to be ________.
Answer: with reserve
Explanation: If nothing is stated to the contrary in terms of an auction,an auction is presumed to be ________.
A)non-binding
B)a quasi-contract
C)without reserve
D)with reserve
E)an implied-in-law contract
An auction is presumed to be with reserve if nothing is stated to the contrary (in terms of an auction). What this means is that the seller is merely expressing or showing his intent to receive offers. In contrast, however, if an auction is without reserve, the lowest bid must be accepted by the auctioneer but if it is with reserve, the auctioneer may refuse to sell the item if he is not satisfied with the size of the highest bid.
Which of the following statements are true for both gratuitous and testamentary transfers?
A) A unified credit of up to $1 million reduces the tax on any transfer?
B) An annual exclusion offsets any transfer up to $13,000.
C) An election can be made to spilt a transfer between spouses.
D) A charitable and marital deduction is allowed in computing the taxable transfers.
Answer: D. A charitable and marital deduction is allowed in computing the taxable transfers.
Explanation:
A gratuitous transfer is when a property is being given as a gift from a donor while testamentary transfer has to do with the transfer of a property to an individual based on the specification in a will.
The thing true to them is that a charitable and marital deduction is allowed in computing the taxable transfers.
jet costs and is expected to fly miles during its -year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels miles the first year, how much depreciation should record under the units-of-production method?
Answer: c. $3,960,000
Explanation:
Using the units-of-production method of depreciation, depreciation is done per unit used.
With a residual value of zero, the formula is;
= Cost x Millage used / Useful life mileage
= 55,000,000 x 36,000,000/500,000,000
= $3,960,000
In Dawg Stop's suit against Condiment Vendor, Inc., Dawg serves a written request for Condiment to admit the truth of matters relating to the trial. Condiment's admission in response is the equivalent of
Answer: an admission in court
Explanation:
An admission is a statement that is made when an individual admits that some facts are true before a trial begins. An admission is quite different from a confession.
In Dawg Stop's suit against Condiment Vendor, Inc., Dawg serves a written request for Condiment to admit the truth of matters relating to the trial. Condiment's admission in response is the equivalent of an admission in court.
Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000. The appropriate price index (1985 = 100) was 120 in 1990 and 125 in 2000. Between 1990 and 2000, real GDP:____________
Answer:
Real GDP increased by 20% between 1990 and 2000
Explanation:
Real GDP (RGDP) = (Nominal GDP (NGDP) / Price level) x 100
RGDP, 1990 ($ Billion) = (360 / 120) x 100 = 300
RGDP, 2000 ($ Billion) = (450 / 125) x 100 = 360
Therefore, between 1990 and 2000, Real GDP
= (360 / 300) - 1
= 1.2 - 1
= 0.2
= 20%
Thus, the Real GDP increased by 20% between 1990 and 2000
After completing medical school, Dr. Kim had $200,000 in student loan debt. Be fulfilled an obligation as part of his student loan contract to work as a doctor for four years on an Indian reservation. At the end of the four years, all his student loan debt was cancelled. Dr. Kim will need to report what amount of income on his tax return in the year the debt was forgiven
Answer:
$50,000
Explanation:
The initial balance of Dr. Kim's student loan debt was $200,000 and it was completely repaid after working for 4 years, therefore, Dr. Kim must report annual income of $200,000 / 4 = $50,000 during each of the 4 years that he worked on an Indian reservation. He didn't actually receive any money, but since his liabilities decrease, he must report it as income.
the difference between the actual quanity and the standard quanity, multiplied by the standard price is the
Answer: Direct materials quantity variance.
Explanation:
Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.
It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.
Causes of this can be low quality of materials and inadequate employee training.
Harry needed some extra money. In charge of purchasing for his company he did the following acts:
A1. He made a deal with a supplier that the salesman would give Harry directly 10% for all the purchases Harry ordered from the salesman's company.
A2. He knew that his secretary was committing a fraud by over-stating her travel expenses that the company paid her back for so Harry told her to pay him $100 per month for him not to reveal what he knew.
A3 . Harry created fake company that he pretended sold product to the company and he made orders from this fake company which he then had his company pay. The money went to an account the Harry controlled.
For each number above,
Q1 -describe the names given to the crimes committed.
Q2 - Other than through whistleblowing, how might these frauds have been detected?
Q3 - Which frauds could have been prevented and for those describe what that would have been the method of prevention and for those that most likely could not have been prevented, why?
Answer:
Q1. A1) kickback. A2) employee theft and bribery crime. A3) white-collar crime.
Explanation:
Q2. This crime could have been detected by the individual he had dealings with the first time-the Salesman.
Q3. His dealings with his secretary was a crime that could have been prevented if she had refused to give in to demands. However, the kickback fraud most likely could not have been prevented as the organization has limited knowledge of the illegal deal.
Creating economic value for shareholders while also creating social value is known as creating _____.
Answer:
Shareholder capitalism, is the right answer.
Explanation:
Shareholder capitalism is the right answer because in shareholder capitalism the main purpose is to change the value of the company. The motive of the firm is to engage all the company’s stakeholders in the process of economic value creation. However, during the value creation, a company not only serves its shareholders but it serves all the stakeholders as well. Thus in this way, it creates social values.
Each vase requires one pound of clay in its manufacture. Victoria Corporation has a policy that the inventory of clay at the end of each month needs to be equal to % of the production needs for the following month. At the beginning of January, pounds of clay were in inventory. How many pounds of clay would Victoria Corporation need to purchase in February (Month 2)?
Answer:
2,840 pounds
Explanation:
The question is incomplete:
Victoria Corporation manufactures quality vases. Budgeted sales and production data for the vases are as follows:
Month 1 budgeted unit sales 2,000
Month 2 budgeted unit sales 2,500
Month 3 budgeted unit sales 3,200
Month 1 budgeted unit production 2,400
Month 2 budgeted unit production 2,700
Month 3 budgeted unit production 3,400
Raw material required for each finished unit (in pounds) 1
The ending inventory for each month should be equal to 20% of the next month's production needs. Each vase requires one pound of clay in its manufacture. Victoria Corporation has a policy that the inventory of clay at the end of each month needs to be equal to 20% of the production needs for the following month. At the beginning of January, 480 pounds of clay were in inventory. How many pounds of clay would Victoria Corporation need to purchase in February (Month 2)?
Materials budget
January February
Units to be produced 2,400 2,700
Clay per unit 1 1
Total clay needed for px 2,400 2,700
+ desired ending inv. 540 680
Total materials required 2,940 3,380
- beginning inventory -480 -540
Purchase requirements 2,460 2,840
Answer:
The answer is oviously 2840 poundsLomack Company's bonds have a 8-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 5%, with semiannual compounding.What is the bond's price?A bond has an annual coupon rate of 3.5%, a face value of $1,000, a price of $1,125.1, and matures in 10 year.What is the bond's YTM?
Answer:
Bond Price = $1,196
YTM = 2.1000% or 0.0210
Explanation:
Given the maturity years = 8 years
Coupon rate = 8%
Par value = $1000
Market interest rate = 5%
Since there is semi annual compounding payment so the number of payments, N = 8 * 2 = 16
Half year interest rate = I/Y = 5/2 = 2.5
Annuity payment or PMT = 0.08 × 1,000/2 = 40
FV = 1,000
CPT PV
Present value, PV = -1,195.82504
Price = $1,196
PMT = 1,000 × 0.035 = 35
Future value, FV = 1,000
Present value, PV = -1,125.1
N = 10
CPT I/Y
Now, I/Y = 2.1000
YTM = 2.1000% or 0.0210
Juan Foods pays off a long-term debt in full. Which one of the following statements best describes the appropriate book-keeping for this transaction?
a. Debit cash; credit long-term debt
b. Debit long-term debt; credit owners' equity
c. Debit owners' equity; credit long-term debt
d. Debit long-term debt; credit cash
Answer:
Debit long-term debt; Credit cash.
Explanation:
The Journal Entry is shown below:-
Long term Dr, XXXXXXXX
To Cash
(being long term is recorded)
Long-term debt is a liability which usually has a credit balance. Therefore, until the long-term debt is entirely repaid, the long-term debt account has to be debited to pay it off entirely from the account books. In another hand, the cash account has to be paid, because there is a cash outflow.