Answer:
Assets
Current assets
Cash $64,000
Accounts receivable (net) $128,000
Inventory $164,000
Available for sale securities $24,000
Total current assets $380,000
Non-current assets
Buildings $754,000
Land $188,000
Machinery $284,000
Patent (net) $104,000
Investment in equity securities $44,000
Accumulated depreciation 259,000
Total non-current assets $1,115,000
Total assets $1,495,000
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable $219,000
Current portion of long term debt $35,000
Total current liabilities $254,000
Long term liabilities
Notes payable $473,000
Total long term liabilities $473,000
Stockholders' equity
Common stock (authorized and issued
104,000 shares of no par stock) $416,000
Retained earnings $352,000
Total equity $768,000
Total liabilities and shareholders' equity $1,495,000
functions of a property manager
You work at a construction company with a stated cost of capital of 12%. Your company is currently deciding between two different projects. Project A will pay you $800,000 up front and $1.5 million after 4 years. You will have to spend $300,000 now, and $400,000 once a year for the next 4 years. Project B will pay you $1.2 million up front and cost you $1.1 million in 4 years.
A. What is the net present value of Project A?
B. What is the net present value of Project B?
Answer:
$1,453,277.12
$1,899.069.89
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
Project A
Cash flow in year 0 = $800,000 - $500,000 = $300,000
Cash flow in year 1 = 0
Cash flow in year 2 =0
Cash flow in year 3 =0
Cash flow in year 4 = 1.5 million
NPV =
Poject B
Cash flow in year 0 = $1.2 MILLION
Cash flow in year 2 =0
Cash flow in year 3 =0
Cash flow in year 4 = -1.1 MILLION
NPV =
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
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
Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2020, Sprinkle reacquired 200 shares at $91 per share. On September 1, Sprinkle reissued 80 shares at $102 per share. On November 1, Sprinkle reissued 120 shares at $70 per share. Prepare Sprinkle's journal entries to record these transactions using the cost method.
Answer:
7/1/20
Dr Treasury Stock $18,200
Cr Cash $18,200
9/1/20
Dr Cash $8,160
Cr Treasury Stock $7,280
Cr Paid-in Capital - Treasury Stock $880
1/1/20
Dr Cash $8,400
Dr Paid-in Capital - Treasury Stock $2,520
Cr Treasury Stock
Explanation:
Preparation of Sprinkle's journal entries to record these transactions using the cost method.
7/1/20
Dr Treasury Stock $18,200
(200 shares * $91 per share)
Cr Cash $18,200
(Being To record the reacquired 200 shares)
9/1/20
Dr Cash $8,160
(80 shares * $102 per share)
Cr Treasury Stock $7,280
(80 shares * 91 per share)
Cr Paid-in Capital - Treasury Stock $880
($8,160-$7,280)
(Being To record the reissue of treasury stock)
1/1/20
Dr Cash $8,400
(120 shares * $70per share)
Dr Paid-in Capital - Treasury Stock $2,520
($91- $70 = $21* 120 shares)
Cr Treasury Stock
(120 shares * $91 per share) $10,920
(Being To record the reissue of treasury stock)
The following information was taken from the records of Sheffield Inc. for the year 2020: Income tax applicable to income from continuing operations $209.440: income tax applicable to loss on discontinued operations $28,560. and unrealized holding gain on available-for-sale securities (net of tax) $16,800.
Gain on sale of equipment $106,400
Cash dividends declared $168,000
Loss on discontinued operations 84,000
Retained earnings January 1, 2020 2,400,000
Administrative expenses 268,800
Cost of goods sold 952,000
Rent revenuc 44,800
Selling expenscs 336,000 2,128,000
Loss on write-down
F inventory 67 200
Sales Revenue Shares outstanding during 2020 were 100,000.
Prepare a single-step income statement. (Kound eurmings pershre to 2 decimal paces, e 148 SHEFFIELD INC. Income Statement $ Prepare a comprehensive income statement for 2020, using the two statement format. SHEFFIELD INC. Comprehensive Income Statement Prepare a retained earnings statement for 2020. (tfst ltens tatheuse 1euhe enMhgs firsEj SHEFFIELD INC. Retained Earmings Statement
Answer:
a. Single-step Income Statement for the year ended December 31, 2020:
Sales Revenue $2,128,000
Rent revenue 44,800
Gain on sale of equipment 106,400
Total Revenue $2,279,200
Cost of goods sold 952,000
Administrative expenses 268,800
Selling expenses 336,000
Loss on write-down
of inventory 67 200
Total expenses $1,624,000
$655,200
Income Tax $209,440
Net Income $445,760
Comprehensive Income Statement for the year ended December 31, 2020:
Net Income $445,760
Loss on discontinued operations (84,000)
Income Tax
on discontinued operations (28,560)
Unrealized holding gain (net of taxes) 16,800
Comprehensive Income $350,000
Statement of Retained Earnings for the year ended December 31, 2020:
Retained earnings January 1, 2020 $2,400,000
Comprehensive Income 350,000
Cash dividends declared (168,000)
Retained earnings, December 31 $2,582,000
Explanation:
a) Data and Calculations:
Income tax applicable to income from continuing operations $209.440: income tax applicable to loss on discontinued operations $28,560, and unrealized holding gain on available-for-sale securities (net of tax) $16,800.
Gain on sale of equipment $106,400
Cash dividends declared $168,000
Loss on discontinued operations 84,000
b) Unrealized holding gain on available-for-sale securities and loss on discontinued operations are reported separately from the net income on continuing operations. Therefore, they can be reported in the Comprehensive Income Statement.
Retained earnings January 1, 2020 2,400,000
Administrative expenses 268,800
Cost of goods sold 952,000
Rent revenue 44,800
Selling expenses 336,000
Loss on write-down
F inventory 67 200
Sales Revenue 2,128,000
Shares outstanding during 2020 were 100,000
Yvette is waiting in line to receive a free t-shirt at a charity event. Because the shirts are free, there are many people in line, and a long wait time is expected Consider the following sentence: By waiting in line for the shirt Yvette will miss an appointment to tutor an economics student, for which she would have been paid $30. Which basic concept of individual choice does this sentence best illustrate?
a. Externalities are a shortcoming of the market,
b. Many decisions are made on the margin.
c. Opportunity costs and money costs (price) are related but are not always exactly the same
d. People usually exploit opportunities to make themselves better off.
Answer:
c
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is also known as implicit cost
When Yvette decided to wait in line, she missed the opportunity to tutor. This is her opportunity cost.
By giving up tutoring, she is losing $30. Thus her implicit cost is $30
Joan Demers launched a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Demers executed the following transactions. Demers (owner) invested in the company, $150,000 cash and $30,000 in property and equipment. The company issued common stock to Demers. The company paid $5,000 cash for rent of office furnishings and facilities for March. The company performed services for clients and immediately received $10,000 cash earned. The company performed services for clients and sent a bill for $20,000 with payment due within 60 days. The company compensated an office employee with $6,000 cash as salary for March. The company received $12,000 cash as partial payment on the amount owed from clients in the 4th transaction above. The company paid $2,000 cash in dividends to Demers (owner). What is the net operating income for the month of March
Answer:
the net operating income is $19,000
Explanation:
The computation of the net operating income is shown below:
As we know that
Net Operating Income = Revenue - Costs
= $10,000 + $20,000 - $5,000 -$6,000
= $19,000
Hence, the net operating income is $19,000
we simply deduct the cost from the revenue so that the net operating income could come
Blue Hamster Manufacturing Inc.Income Statement for Year Ending December 31
Year 1 Year 2 (Forecasted)
Net sales $15,000,000
Less: Operating costs, except depreciation and amortization 12,000,000
Less: Depreciation and amortization expenses 600,000 600,000
Operating income (or EBIT) $2,400,000 $
Less: Interest expense 240,000
Pre-tax income (or EBT) $2,160,000 $
Less: Taxes (40%) 864,000
Earnings after taxes $1,296,000 $
Less: Preferred stock dividends 300,000
Earnings available to common shareholders $996,000 $
Less: Common stock dividends 583,200
Contribution to retained earnings $412,800
Given the results of the previous income statement calculations, complete the following statements:
• In Year 2, if Blue Hamster has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends.
• If Blue Hamster has 500,000 shares of common stock issued and outstanding, then the firm’s earnings per share (EPS) is expected to change from in Year 1 to in Year 2.
• Blue Hamster’s before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2.
• It is to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual contribution to retained earnings, $742,400 and $944,225, respectively. This is because of the items reported in the income statement involve payments and receipts of cash.
Question Completion:
The firm's CEO would like sales to increase by 25% next year. 1. Blue Hamster is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 80% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Blue Hamster expects to pay $100,000 and $642,600 of preferred and common stock dividends, respectively.
Answer:
Blue Hamster Manufacturing, Inc.
Income Statement for Year Ending December 31
Year 1 Year 2 (Forecasted)
Net sales $15,000,000 $18,750,000
Less: Operating costs, except
depreciation and amortization 12,000,000 15,000,000
Less: Depreciation & amortization
expenses 600,000 600,000
Operating income (or EBIT) $2,400,000 $3,150,000
Less: Interest expense 240,000 472,500
Pre-tax income (or EBT) $2,160,000 $2,677,500
Less: Taxes (40%) 864,000 1,071,000
Earnings after taxes $1,296,000 $1,606,500
Less: Preferred stock dividends 100,000 100,000
Earnings available to
common shareholders $1,196,000 $1,506,500
Less: Common stock dividends 583,200 642,600
Contribution to retained earnings $612,800 $863,900
Explanation:
a) Data and Calculations:
Income Statement for Year Ending December 31
Year 1 Year 2 (Forecasted)
Net sales $15,000,000
Less: Operating costs, except
depreciation and amortization 12,000,000
Less: Depreciation & amortization
expenses 600,000 600,000
Operating income (or EBIT) $2,400,000 $
Less: Interest expense 240,000
Pre-tax income (or EBT) $2,160,000 $
Less: Taxes (40%) 864,000
Earnings after taxes $1,296,000 $
Less: Preferred stock dividends 300,000
Earnings available to
common shareholders $996,000 $
Less: Common stock dividends 583,200
Contribution to retained earnings $412,800
Year 1:
Preferred dividend per share = $300,000/10,000 = $30 per share
Year 2:
Preferred dividend per share = $100,000/10,000 = $10 per share
Year 1:
Earnings per share for common stock = $1,196,000/500,000 = $2.39 per share
Year 2:
Earnings per share for common stock = $1,506,500/500,000 = $3.01 per share
Net sales $18,750,000 ($15,000,000 * 1.25)
Less: Operating costs, except
depreciation and amortization 15,000,000 ($12,000,000 * 1.25)
Interest = 15% of $3,150,000 = $472,500
Taxes (40% * $2,677,500) = $1,071,000
thank you and have a great dAY
Answer:
what there is no question
Explanation:
During a job interview, Pam Thompson is offered a salary of 49,000. The company gives annual raises if 6 percent. What will be Pam"s salary during her 5th year on the Job?
Njal had been working as a chainsaw operator for the past 15 years when his company decided to upgrade its equipment from chainsaws to timber harvesters, which are large pieces of equipment that require a new set of skills. The company was unwilling to train existing workers on the new equipment, so Njal needed to find :_________
Answer: when annal company upgrades its operations it will no longer employ chainsaw operations like Neal.Najal is not trained to do what the company needs so he is laid off answer: structural.
After looking for work.....Answer: not in the labor force
Neal signs up for six month government.... Answer: not on the labor force
After completing a part time job..... answer: frictional unemployment
Njali takes a part time job with a computer repair......Answer:U-6
Njali starts his own computer repair company......Answer: part of the labor force
Explanation:
A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory had a net realizable value of $550,000 and a replacement cost (market value) of $525,000. What would be the carrying value of the inventory on the company's December 31, 20X2, balance sheet prepared under:
Answer:
See below
Explanation:
It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.
Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two jobs in process: Job No. 429 for $2,430, and Job No. 430 for $1,340. During May, a summary of source documents reveals the following:
Materia Labor Time
Job # Requisition Slips Tickets
429 $2,940 $2,300
430 3,850 3,400
431 4,680 $11,470 8,170 $13,870
General use 940 1,570
$12,410 $15,440
Stine Company applies manufacturing overhead to jobs at an overhead rate of 68% of direct labor cost. Job No. 429 is completed during the month.
The following are summary journal entries to record the requisition slips, time tickets, assignment of manufacturing overhead to jobs, and the completion of Job No. 429:
No. Date Account Tiles and Explanation Debit Credit
1 May 31 Work in Process Inventory 11,470
Manufacturing Overhead 940
Raw Materials Inventory 12,410
2 May 31 Work in Process Inventory 13,870
Manufacturing Overhead 1,570
Factory Labor 15,440
3 May 31 Work in Process Inventory 9,432
Manufacturing Overhead 9,432
4 May 31 Finished Good Inventory 9,234
Work in Process Inventory 9,234
Required:
a. Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets.
Answer:
Explanation:
WORK IN PROCESS INVENTORY
May 1 balance 3770 May 31 Finished Goods 9234
31-May Material 11470
31-May labour 13870
31-May Overheads 9431.6
may 31 Balance 29307.6
JOB COST SHEET
Job no. Beg. WIP Material Labour Overheads Total
430 1340 3850 3400 2312 10902
431 0 4680 8170 5555.6 18405.6
TOTAL 1340 8530 11570 7867.6 29307.6
Note: Total cost of Job 429 transferred to Finished goods:
Beginning cost 2430
Add: Material 2940
Add: Labour 2300
Add: Overheads (2300*68%) 1564
Total cost of Job 429 9234
Bruno's is analyzing two machines to determine which one it should purchase. The company requires a rate of return of 14.6 percent and uses straight-line depreciation to a zero book value over a machine's life. Ignore bonus depreciation and taxes. Machine A has a cost of $318,000, annual operating costs of $8,700, and a life of 3 years. Machine B costs $247,000, has annual operating costs of $9,300, and a life of 2 years. Whichever machine is purchased will be replaced at the end of its useful life. Which machine should Bruno's purchase and why
Answer:
Machine A; because it will save the company about $13,406 a year
Explanation:
The computation is shown below:
Equate Annual Cost = PV of Cash Outflow ÷ PVAF (r%, n)
For Machine A:
Year CF PVF at 14.6% Disc CF
0 $3,18,000.00 1.0000 $3,18,000.00
1 $ 8,700.00 0.8726 $7,591.62
2 $8,700.00 0.7614 $6,624.45
3 $ 8,700.00 0.6644 $ 5,780.50
PV of Cash Outflow $3,37,996.58
PVAF(14.6%,3) 2.2985
PV of Cash Outflow $1,47,053.69
For Machine B:
Year CF PVF at 14.6% Disc CF
0 $2,47,000.00 1.0000 $2,47,000.00
1 $9,300.00 0.8726 $8,115.18
2 $9,300.00 0.7614 $7,081.31
PV of Cash Outflow $2,62,196.49
PVAF(14.6%,2) 1.6340
PV of Cash Outflow $1,60,459.86
So the machine cost would be purchased as it lower the cost by $13,406.17
Consider the following comments about absorption- and variable-costing income statements:
I. A variable-costing income statement discloses a firm's contribution margin.
II. Cost of goods sold on an absorption-costing income statement includes fixed costs.
III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.
Which of the above statements is (are) true?
a. I only.
b. II only.
c. I and II.
d. II and III.
e. I, II, and III.
Answer:
E) I, II, and III.
Explanation:
Variable costing can be regarded as a concept of managerial accounting cost
whereby during the period of producing the product there is incurred
manufacturing overhead.
Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.
It should be noted that
I. A variable-costing income statement discloses a firm's contribution margin.
II. Cost of goods sold on an absorption-costing income statement includes fixed costs.
III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.
Faye, Gary, and Heidi each have a one-third interest in the capital and profits of the FGH Partnership. Each partner had a capital account of $50,000 at the beginning of the tax year. The partnership profits for the tax year were $270,000. Changes in their capital accounts during the tax year were as follows:
Faye Gary Heidi Total
Beginning balance $50,000 $50,000 $50,000 $150,000
Withdrawals (20,000) (35,000) (10,000) (65,000)
Additional contributions -0- -0- 5,000 5,000
Allocation of profits 90,000 90,000 90,000 270,000
Ending balance $120,000 $105,000 $135,000 $360,000
In arriving at the $270,000 of partnership profits, the partnership deducted $2,400 ($800 for each partner) in premiums paid for group term life insurance on the partners. Faye and Gary are 39 years old, and Heidi is 35 years old. Other employees are also eligible for group term life insurance equal to their annual salary. These premiums of $10,000 have been deducted in calculating the partnership profits of $270,000.
Each partner's gross income from the partnership for the tax year is $_________
Community Property (LO. 3)
Liz and Doug were divorced on December 31 of the current year after 10 years of marriage. Their current year's income received before the divorce was as follows:
Doug's salary $41,000
Liz's salary $55,000
Rent on apartments purchased by Liz 15 years ago $8,000
Dividends on stock Doug inherited from his mother 4 years ago $1,900
Interest on a savings account in Liz's name funded with her salary $2,400
Allocate the income to Liz and Doug assuming that they live in:
a. California.
Doug: $ Liz: $
b. Texas.
Doug: $ Liz: $
Answer:
a. Each partner's gross income from the partnership for the tax year is $_________
$90,800
b. Community Property:
a. California.
Doug: $51,100 Liz: $57,200
b. Texas.
Doug: $54,150 Liz: $54,150
Explanation:
a) Data and Calculations:
Partnership profits = $270,000
Add Insurance premium 2,400
Total profits shareable $272,400
Share of each partner = $90,800 ($272,400/3)
(Or Share of profit $90,000 + Premium $800 = $90,800)
b) Community Property:
Doug's salary $41,000
Liz's salary $55,000
Rent on apartments purchased by Liz 15 years ago $8,000
Dividends on stock Doug inherited from his mother 4 years ago $1,900
Interest on a savings account in Liz's name funded with her salary $2,400
Total community property = $108,300
Less Separate Property:
Less Liz's rent $8,000
Less Doug's dividends $1,900 9,900
Remaining community property = $98,400
This is shared equally ($98,400/2) = $49,200
a. California.
Doug: $51,100 ($49,200 + $1,900) Liz: $57,200 ($49,200 + $8,000)
b. Texas.
Doug: $54,150 Liz: $54,150 ($108,300/2)
c) Texas and California are two of the nine states that have community property jurisdiction. The implication is that any property acquired by a couple during their marriage is equally owned by both spouses. In California, the spouse also owns a one-half interest in your regular income, provided it does not come from your separate property. But in Texas, income from separate property is included in the community property and is equally shared, though the separate property itself remains separate and is not shareable.
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Fabric Case Leather Case Number of labor hours 16,000 8,000 Number of material moves 620 930 Number of setups 40 120 Total estimated overhead costs are $238,800, of which $186,000 is assigned to the materials handling cost pool and $52,800 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to the leather case line using the traditional costing system based on direct labor hours. 2. Calculate the overhead assigned to the leather case line using ABC. 3. Was the leather case over- or undercosted by the traditional cost system compared to ABC
Answer:
1. 79,600
2. 151,200
3.The leather case line is undercosted by the traditional cost system compared to ABC
Explanation:
1. Calculation for the overhead assigned to the leather case line using the traditional costing system based on direct labor hours
Overhead Assigned to leather case =[$238,800/(16,000+8,000)*8,000]
Overhead Assigned to leather case =[$238,800/24,000*8,000]
Overhead Assigned to leather case =79,600
Therefore the overhead assigned to the leather case line using the traditional costing system based on direct labor hours will be 79,600
2. Calculation for the overhead assigned to the leather case line using ABC
First step is to calculate the Material handling rate
Material handling rate = 186,000/(620+ 930)
Material handling rate = 186,000/1,550
Material handling rate = 120 per move
Second step is to calculate the Setup cost
Setup cost =$52,800/(40+ 120)
Setup cost =$52,800/160
Setup cost = 330 per setup
Now let calculate overhead assigned to the leather case line using ABC
Overhead assigned to leather case ABC = (930*120)+(120*330)
Overhead assigned to leather case ABC =111,600+39,600
Overhead assigned to leather case ABC = 151,200
Therefore the overhead assigned to the leather case line using ABC will be 151,200
3. Based on the above calculation the leather case line is undercosted by the traditional cost system compared to ABC
Explain the basic functions and
characteristics of money, and describe the
composition of the money supply in the United States
The basic functions of money are related to its being a unit of measurement, an instrument of exchange and store of values.
What is the money supply?It corresponds to all the currency present in the economy of a given country, that is, the amount of money present in the form of cash and deposits.
Therefore, money is an essential instrument of a country's economy, where money is also used in the form of credit and loans, helping economic development.
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The Koster Co. currently pays an annual dividend of $1.00 and plans on increasing that amount by 5% each year. The Keyser Co. currently pays an annual dividend of $1.00 and plans on increasing their dividend by 3% annually. Given this, it can be stated with certainty that the _____ of the Koster Co. stock is greater than the _____ of the Keyser Co. stock.
Answer:
rate of capital gain
rate of capital gain
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what is the solutions of differences in perception?
A new faculty member at the local university pays $1,500 per month to rent an apartment in the downtown area. She teaches on campus three days a week and works from home the remaining two days. On the days when she must commute, given the heavy traffic congestion, it takes her two hours each way to commute from downtown to campus. According to the assumptions of the bid-rent model, what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25
Answer:
$2,700
Explanation:
Calculation for what should this professor be willing to pay in rent per month
First step is to calculate the Transportation cost per week
Transportation cost = ($25*4 hrs)* 3 per week
Transportation cost =$100*3 per week
Transportation cost= 300 a week
Now let calculate the rent per month
Rent per month= $1500 + ($300*4)
Rent per month=$1,500+$1,200
Rent per month= $2,700
Therefore what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25 will be $2,700
Does the government control all market activity in the United States?
Answer:
Not directly. That would be fascist. There are some regulations placed on some businesses, but owners direct their own businesses.
The controlling management function is largely a matter of ________.
The controlling management function is largely a matter of monitoring to see that tasks are accomplished. Thus, option (d) is correct.
What is management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the management function, as controlling was the important function. It was a main role to control the planning and the other activity of the organization. It was the ensuring that a company's performance is the consistent with monitoring the task are accomplished.
As a result, the significance of the controlling management function are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
The controlling management function is largely a matter of ________.
a. determining what needs to be done
b. enforcing rules for employees
c. resolving conflicts
d. monitoring to see that tasks are accomplished
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information:
Job Direct Materials Direct Labor Machine Hours
Job 765 $8,400 $2,520 30
Job 766 11,970 3,780 70
Job 765 produced 180 units, and Job 766 consisted of 280 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $106 per hour.
A. Determine the balance on the job cost sheets for each job.
B. Determine the cost per unit at the end of April.
Answer:
A. Job 765 $14,100
Job 766 $23,170
B.Job 765 $78.33 unit price
Job 766 $82.75 unit price
Explanation:
A. Calculation to Determine the balance on the job cost sheets for each job
Job 765= $8,400 +$2,520+ (30*$106 per hour)
Job 765=$8,400+ $2,520+$3,180
Job 765=$14,100
Job 766=$11,970 +$3,780+ (70*$106 per hour)
Job 766=$11,970 +$3,780+ $7,420
Job 766=$23,170
Therefore the balance on the job cost sheets for each job will be:
Job 765 $14,100
Job 766 $23,170
B. Calculation to Determine the cost per unit at the end of April
Job 765=$14,100 /180 units
Job 765=$78.33 unit price
Job 766= $23,170/280 units.
Job 766= $82.75 unit price
Therefore the cost per unit at the end of April will be:
Job 765 $78.33 unit price
Job 766 $82.75 unit price
A company is producing christmas light strings containing 20 small bulbs. Suppose the success or failure of a bulb is independent of the success or failure of other bulbs and the probability that a bulb is lightning properly is 0.92.
a. When you order a christmas light string, what is the probability of at most 3 of those small bulbs are not lightning properly.
b. Find the mean and the variance of bulbs in a string that are not lightning properly.
Answer:
Explanation:
Number of bulbs = 20
Success of a bulb lightning properly = 0.92
Success of a bulb not lightning properly = 0.08
We have to find the probability of atmost 3 bulbs not lightning properly -
The random Variable X follows binomial distribution
= 0.929385
Mean and variance of bulbs in a string that are not lightning properly is given by
Mean of binomial distribution or E(X) = n*p = 20*0.08 = 1.6
Variance of binomial distribution or V(X) = n*p*(1-p) = 20*0.08*0.92 = 1.472
Consider a firm with an EBIT of $11,400,000. The firm finances its assets with $51,800,000 debt (costing 7.4 percent) and 10,900,000 shares of stock selling at $8.00 per share. The firm is considering increasing its debt by $25,000,000, using the proceeds to buy back shares of stock. The firm is in the 30 percent tax bracket. The change in capital structure will have no effect on the operations of the firm. Thus, EBIT will remain at $11,400,000. Calculate the EPS before and after the change in capital structure and indicate changes in EPS. (Round your answers to 3 decimal places.)
Answer:
EPS Before the change in capital structure = $0.486 Per shares
EPS After the change in capital structure = $0.515 Per shares
Difference = $ 0.029
Explanation:
Calculation of EPS before the change in capital structure :
Particulars Amount
EBIT $ 11,400,000
Interest Cost $ 3,833,200 (51,800,000×7.4%)
Earning After Interest $ 7,566,800
Tax ( 30% ) $ 2,270,040
Net Profit after tax $ 5,296,760
Number of Shares outstanding $ 10,900,000
Earning Per Shares $0.486
Calculation of EPS after the change in capital structure :
Particulars Amount
EBIT $ 11,400,000
Interest Cost $ 5,683,200
( $ 76,800,000×7.4%)
Earning After Interest $ 5,716,800
Tax ( 30%) $ 1,715,040
Net Profit after tax $40,01,760
Number of Shares outstanding 77,75,000
Earning Per Shares $0.515
∴ we get
EPS Before the change in capital structure = $0.486 Per shares
EPS After the change in capital structure = $0.515 Per shares
Difference = $ 0.486 - 0.515 = $ 0.029
Match the vocabulary word with the correct definition
system for gathering and organizing marketing
information used in decision-making
specific actions which advance the strategy and achieve
an end result
specific, measureable, short-term expectations
objectives
goals
broad, long-term expectations for future achievements
structured research which uses the scientific method and
standardized questions to make generalizations and
predictions, includes questionnaires, surveys and
experiments
statements describing the overall approach to how goals
and objectives will be achieved
:: marketing information system
:: quantitative research
:: strategies
:: tactics
Answer:
e 552gbrbrnrbthrjhhbbb vt to o
A high school football team arrives to practice one day to find that all of their equipment is missing. The coach wants to make sure he has considered every possibility before he the principal. Which of the following pieces of evidence would be relevant to help explain what happened to the equipment?
a. The school board has instituted budget cuts to the football program.b. Many of the players' parents have raised concerns over the potential for head injuries in contact football.c. The football team often exchanges pranks with their biggest rival, a high school team from the next town.d. The equipment has failed a recent safety inspection.
Answer:
d. The equipment has failed a recent safety inspection.
Explanation:
In the given scenario where the equipment of the football team got missing, the coach will need to come up with a valid reason that will adequately explain disappearance of all the team's equipment.
The other options given may account for some of the equipment being missing, but the only option that will easily result in all equipment being missing is: The equipment has failed a recent safety inspection.
In this case the whole of the equipment will need to be confiscated and the the school asked to get better equipment as this is a serious safety concern
Identify each person's status as employed, unemployed, "not in the labor force"
a. Caroline is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago.
b. Antonio is a 24-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.
c. Caroline is a 27-year-old recent college graduate .She did not work for pay last week, but she had two job interviews.
d. Dmitri is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.
Answer:
Explanation:
a. "not in the labor force" since she is neither working or looking for a job and instead is studying
b. "employed", currently works as a tennis coach
c. "unemployed", she does not have a paying job yet but is looking for one
d. "not in the labor force", does not have a job and is not looking for one at the current moment in his life.
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1,160. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $680 for mowers, trimmers, and tools. To acquire these items, he borrowed $2,520 cash by signing a note payable promising to pay the $2,520 plus interest of $65 at the end of the three months (ending August 31)
Answer:
Half of the question is missing, so I looked for similar ones and found the attached image.
Explanation:
We must determine James' profit for the summer:
Cash collected $12,800
Receivables $730
total revenue = $13,530
Expenses:
Gas, oil and lubrication $1,080 + $190 = $1,270
Repairs $550
Supplies $230
Salaries $6,000
Payroll taxes $290
Filing taxes services $35
Insurance $245
telephone $270
interest expense $65 (I'll use the information provided in the question)
Depreciation $620
total expenses = $9,575
net income = $13,530 - $9,575 = $3,955
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity
Designing $448,260 12,400 designer hours
Sizing and cutting 4,009,050 151,000 machine hours
Stitching and trimming 1,419,075 79,500 labor hours
Wrapping and packing 299,250 31,500 finished units
Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools.
a. Designing
b. Sizing and cutting
c. Stitching and trimming
d. Wrapping and packing
Answer and Explanation:
The computation of the activity based overhead rate is shown below:
= Estimated overhead ÷ cost driver per activity
a. For designing
= $448,260 ÷ 12,400
= $36.15 per design hour
b. For sizing and cutting
= $4,009,050 ÷ 151,000
= $26.55 per machine hour
c. For stiching and trimming
= $1,419,075 ÷ 79,500
= $17.85 per labor hour
d. For wrapping and packing
= $299,250 ÷ 31,500
= $9.5 per finished units