The inventory of Whispering Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 110 640 $115.00 $121.00 111 950 72.60 63.00 112 460 96.80 92.00 113 210 205.70 217.80 120 360 248.00 252.00 121 a 1,600 19.00 1.00 122 310 290.40 284.00 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.

Answer: Profile the identified target market, Using relevant media channels,

Achieve communication synergy–this is speaking with a single voice, Influence target market’s behaviour, Build customer relationships

Explanation:

1. Profile the identified target market. IMC starts with profiling and understanding customer (‘outside-in’) needs, wants, opinions, interest, purchase behaviours and media habits to determine those communication methods that will best serve the customers’ information needs and motivate them to purchase the brand.

2.Using relevant media channels.

That is, carefully select those toolsthat are most appropriate for the communications objective at hand

and relevant to your brand’s target audience.

3 Achieve communication synergy–this is speaking with a single voice.

All brand elements must strive to present the same message and convey that message consistently across diverse message channels, or points of contact.

4.Influence target market’s behaviour.

Marketing communications must do more than just awareness but rather try to move people to action

5.Build customer relationships.

Successful relationships betweencustomers and brands lead to repeat purchasing and perhaps evenloyalty toward a brand. One way to build brand/customer relationships is the use of frequency, loyalty, or ambassador programs.

Answer:

Total PV= $3,078.22

Explanation:

Giving the following information:

Cash flows:

Cf1= $600

Cf2= $1,200

Cf3= $1,800

Interest rate= 7%

To calculate the present value, we need to apply the following formula to each cash flow:

PV= Cf/(1+i)^n

PV1= 600/1.07= 560.75

PV2= 1,200/(1.07^2)= 1,048.13

PV3= 1,800/(1.07^3)= 1,469.34

Total PV= $3,078.22

The present value of the cash flows at an interest rate of 7% is approximately $3,080.

Present value is the concept that states the amount of money today is worth more than the amount of money in the future. The formula to calculate the present value of cash flows is:

[tex]\rm PV = FV\dfrac{1}{(1+r)^n}[/tex],  where PV is the present value, FV is the future value, r is the rate of return and n is the number of periods.

The present value of $600 at the end of first year is:

[tex]\rm PV = 600\dfrac{1}{(1+0.07)^1}\\\\PV = 600\dfrac{1}{(1.07)^1}\\\\PV = \$512.82[/tex]

The present value of $1,200 at the end of the second year is:

[tex]\rm PV = 1,200\dfrac{1}{(1+0.07)^2}\\\\PV = 1,200\dfrac{1}{(1.07)^2}\\\\PV = \$1,048.13[/tex]

The present value of $1,800 at the end of the third year is:

[tex]\rm PV = 1,800\dfrac{1}{(1+0.07)^3}\\\\PV = 1,800\dfrac{1}{(1.07)^3}\\\\PV = \$1,469.34[/tex]

Therefore the total present value of the cash flows is:

[tex]\rm Total\:PV= \$560.75+\$1,048.13+\$1,469.34\\\\\rm Total\:PV= \$3,078.22[/tex]

Therefore the correct option is $3,080.

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Answer: 12.68%

Explanation:

First find the nominal interest rate per month:

= Interest payment/Loan

= 100/ 10,000

= 1%

Effective annual rate is:

= (1 + Interest rate per quarter)^no. of compounding periods - 1

= (1 + 1%)¹² - 1

= 12.68%

Answer:

C. All of 1, 2, 3, 4 are correct

Explanation:

Software reengineering can be defined as examining and altering a system so as to reconstitute it to be in a newer form.

The cost factors which are to be considered here are:

1. Quality of this software which is going to be reengineered.

2. Consideration on whether expert staffs are available

3. Tool support availability

4. The extent of the required data conversion.

Therefore all the options are correct

Answer:

1.84 %

Explanation:

Given,

Forward rate of British pound = $1.60

Spot rate of British pound= $1.63

We have to find forward discount.

Now,

The spot rate is greater than the forward rate then it is forward discount.

Forward discount= [tex]\dfrac{1.63-1.60}{1.63}[/tex]

                             = 1.84 %

Hence, forward discount percent is 1.84%.

The question is incomplete. The complete question is :

The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. The forward ________ is _______ percent.

Solution :

The future yield of any bond is known as the Forward Rate. It is the interest rate that is applicable to any financial transaction which will occur in the future.

According to the question,

The forward rate of the British pound for one year is = $ 1.60

The spot rate of the British pound is = $ 1.63

Therefore,

[tex]$=\frac{\text{Forward rate}}{\text{spot rate}}-1$[/tex]

[tex]$=\frac{1.60}{1.63}-1$[/tex]

= 0.98 - 1

= -0.018

Thus it is forward discount and the percentage is 1.8 %

Answer:

The loss on disposal would be: $500

Explanation:

The computation is shown below;

= Cost of the asset - accumulate depreciation - sale value

= $5,000 - $2,000 - $2,500

= $500

This $500 represent the short term capital loss

So the $500 would be loss on disposal

Hence, the first option is correct

And, the same is relevant

Answer:

300% returns

150% returns

100% returns

Explanation:

given data

stock sells = $10 per share

purchase = 100 shares

price rises = $17.50

solution

Profit per share is =17.5 - 10 = 7.5

Total profit is = 100 × 7.5 = 750

if here margin requirement is 25%

then here you invest = 100 ×10 × 25% = $250  

Percent of return = Profit ÷  Capital

return % = (750 ÷  250) × 100

and get return = 300%

and

if here margin requirement is 50%

then here you invest = 100 ×10 × 50% = $500  

Percent of return = Profit ÷  Capital

return % = (750 ÷  500) × 100

and get return = 150%

and

if here margin requirement is 75%

then here you invest = 100 ×10 × 75% = $750  

Percent of return = Profit ÷  Capital

return % = (750 ÷  750) × 100

and get return = 100%

Answer:

the minimum amount that required to create an emergency fund is $13,080

Explanation:

The computation of the minimum amount that required to create an emergency fund is as follows:

= Monthly expenses × minimum months

= $4,360 × 3 months

= $13,080

hence, the minimum amount that required to create an emergency fund is $13,080

The same is relevant and considered too

Answer:

(A) Increase the investment account

Explanation:

When the investment is made, the accounting entries required is to debit the Investment Account to shows the increase in Assets and credit the Cash Account to show the decrease in assets used to acquire the investment.

Answer:

$201,302

Explanation:

Calculation for How much must he invest today if the first withdrawal is at year-end

First step is to calculate (FVF-OAn,i) using financial calculation

R = 30,000

n = 10

i = 8%

(FVF-OAn,i)=(6.71008)

Now let calculate the amount to be Invested today using this formula

Investment today = R (FVF-OAn,i)

Let plug in the formula

Investment today= 30,000 (6.71008)

Investment today = $201,302

Therefore the amount he must invest today if the first withdrawal is at year-end is $201,302

Answer:

Feedback loops

Explanation:

In the given situation since it is mentioned that denise who works in the quality control section and she monitors and reports how well or how poor the system operates so here she provide the feedback loops to the organization as it deals with the event that varies from the response

So according to the given situation, the feedback loops is the answer

Answer:

B

Explanation:

B

Answer:

Double taxation.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

There are three (3) types of taxation used by the government, these are;

1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.

- For instance, John pays 30% on $70,000 and Joyce pays 10% on $45.000.

2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.

- For instance, John pays 20% on $50,000 and Joyce pays 20% on $36,000.

3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.

- For instance, John pays 15% on $60,000 and Joyce pays 20% on $36,000.

In this scenario, a corporation's earnings are taxed as corporate earnings and as dividends to the stockholders. This is known as double taxation.

Double taxation can be defined as a phenomenon in which an individual or business entity pays income tax twice on the same income source such as corporate earnings and as dividends to their stockholders.

Answer:

The paper that cost for those reports is $3.59

Explanation:

The computation of the paper that cost for those reports is shown below:

= (Number of pages in long × number of copies printed) ÷ (paper sold in ream)

= (138 pages × 13 copies) ÷ (500 pages)

= 1,794 ÷ 500 pages

= $3.59

Hence, the paper that cost for those reports is $3.59

The same is to be relevant

Answer:

Macroeconomics are for economic events that affect the entire economy not just singular parties in it while Microeconomics studies the effects of economic events on the parties in the economy such as consumers and companies.

The effect of government regulation on a monopolist's production decisions ⇒ MICROECONOMICS

This concerns the effect of an economic event (government regulation) on a party in the system which are monopolists.

The effect of an increase in the money supply on the rate of inflation ⇒ MACROECONOMICS

This concerns the effect of an increase of money supply on the rate of inflation for the whole country which makes it Macro.

The government's decision on how much to spend on public projects ⇒ MACROECONOMICS

Public works will affect the entire country and its economic system so the decision to see how much to spend is a Macroeconomic activity.

Answer:

Net income= $45,125

Explanation:

Giving the following information:

Amount Per Unit:

Contribution margin 180,000 $ 24

Fixed expenses 121,000

Variations:

Unitary variable cost= up by $1

Fixed costs= up by $15,000

Sales increase= 5%

First, we need to calculate the new unitary contribution margin and sales in units:

New contribution margin= 40 - 17= $23

Sales in units= (300,000/40)*1.05= 7,875

Now, we can calculate the new net income:

Total contribution margin= 7,875*23= $181,125

Fixed costs= (121,000 + 15,000)= (136,000)

Net income= 45,125

Answer:

Make Ralph understand WHY he needs to be interviewed. Make sure he understands the business value of the proposed system and why his input is vital. Send him questions in advance; talk to somebody who knows him so you can understand him more.

Explanation:

In the given scenario Ralph was described as an old curmudgeon. This means he is an ill tempered person that generally expresses no joy.

However he is without a doubt the most knowledgeable person in the fraud analysis department.

In preparation to interview him there is a need to make him understand why there needs to be an interview. When he sees the need for the interview he will be more engaged.

This can be done by explaining business value of the proposed system and why his input is vital.

Also questions can be sent to him ahead of the interview songs can better prepare

Answer:

In order to make the minimum wage earn enough to be at that poverty line in five years, the minimum wage in five years would have to be:

$9.38.

Explanation:

a) Data and Calculations:

Current minimum wage = $7.50

Inflation rate between now and five years from now = 25%

The minimum wage in five years should be $9.38 ($7.50 * 1.25)

b) When the minimum wage increases from $7.50 to $9.38 in five years, it will match the inflation rate between now and give years' time of 25% because the difference in minimum wage of $1.88 (9.38 - $7.50) is equal to 25% ($1.88/$7.50 * 100).  If the minimum wage of $9.38 is earned the wage earner will be able to get a family of three to 70% of the poverty line, just as $7.50 is able to get the family of three to 70% of the poverty line in the current year.

Answer:

4th year difference in forecast $120,000

Explanation:

The forecast is prediction of future cashflows of a business. The forecasts are rarely accurate as there are many uncontrollable factors such as demand, seasonal effect and government influence which are results of the deviation from the forecast cashflow. In the given scenario the management forecast that the January sales will be $295,000 but the actual sales are $120,000 only. The main reason for such big difference is government taxes that are imposed on seafood. The prices are increased therefore consumers have reduced their seafood consumption.

Answer:

the amount of revenue recorded for the first year is $612

Explanation:

The computation of the amount of revenue recorded for the first year is shown below:

= Amount received × given months ÷ total number of months

= $2,448 × 9 months ÷ 36 months

= $612

The 9 months are considered from April 1 To December 31

hence, the amount of revenue recorded for the first year is $612

Answer:

Recognition.

Explanation:

Recognition is a term used to refer to the decision about whether to report an item in the financial statements.

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.

Answer:

Debit to direct labor efficiency variance

Credit to direct labor rate variance

Explanation:

Preparation the journal entry

Based on the information given in a situation where the direct labor rate variance is favorable with the amount of $500 which means that the FAVOURABLE VARIANCE will be CREDITED and in a situation where the direct labor efficiency variance is unfavorable with the amount of $250 which means that that UNFAVORABLE VARIANCE will be DEBITED reason been that FAVOURABLE VARIANCE are tend to be CREDITED while UNFAVORABLE VARIANCE on the other hand are tend to be DEBITED .

Therefore the journal entry will include a:

Debit to direct labor efficiency variance (UNFAVORABLE)

Credit to direct labor rate variance (FAVOURABLE)

The question is incomplete. The complete question is as follows,

Hoboken Industries currently manufactures 30,000 units of part MR24 each month for use in production of several of its products. The facilities now used to produce part MR24 have a fixed monthly cost of $150,000 and a capacity to produce 84,000 units per month. If the company were to buy part MR24 from an outside supplier, the facilities would be idle, but its fixed costs would continue at 40 percent of their present amount. The variable production costs of part MR24 are $11 per unit.

If Hoboken Industries is able to obtain part MR24 from an outside supplier at a unit purchase price of $17, what is the monthly usage at which it will be indifferent between purchasing and making part MR24?

Answer:

The monthly usage at which the company will be indifferent between the two options is 15000 units.

Explanation:

Let x be the number of units of MR24

The equation for cost of producing MR24 internally can be written as,

Cost = 150000 + 11x

The equation for cost for the option of buying MR24 externally can be written as,

Cost = (150000 * 0.4) + 17x

Equating both the equations,

150000 + 11x = (150000 * 0.4) + 17x

150000 + 11x = 60000 + 17x

150000 - 60000 = 17x - 11x

90000 = 6x

90000 / 6 = x

x = 15000 units

The monthly usage at which the company will be indifferent between the two options is 15000 units.

Answer:

C.  values

Explanation:

Answer:

In a market economy resources tend to be allocated optimally is discussed below in detail.

Explanation:

In a market economy, resource allocation is circumscribed by the supply and request forces. In other speeches, the allocation of resources is determined using the payment mechanism. The resource allocation in a projected economy, on the other hand, is circumscribed by management or a central administration.

Answer:

Prescriptive analytics.

Explanation:

Prescriptive analytics can be defined as a type of data analysis model which typically comprises of descriptive data and forecasting techniques used for identifying the decisions that are most likely to yield an optimum or best performance.

Hence, prescriptive analytics is a data analysis model that use optimization techniques.

For example, prescribing a car that is capable of finding the best route for a road trip.

Prescriptive analytics.

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Answer:

False

Explanation:

In order to choose which inventory method i.e. FIFO, LIFO, weighted average cost, or specific identification method the company can free to choose which any of the inventory methods to determine the inventory cost

There is no need to decided by GAAP

hence, the given statement is false

Therefore it is not a true statement

Answer:

$377,835

Explanation:

The cost of an assets include Purchase Costs and other costs directly related to place to asset in the location and condition intended for use by the management.

Thus, calculation of the Cost of the Land will be as follows :

Cash payment                                                                     $42,000

Short term note                                                                 $307,000

Legal Costs                                                                            $2,335

Delinquent taxes                                                                  $11,900

Fees to remove old buildings ($19,800 - $5,200)            $14,600

Total                                                                                   $377,835

Conclusion :

Therefore, the cost of the land to be reported on the balance sheet is $377,835

Answer:

Opportunity cost refers to value of sacrifice one make for making a particular decision. Here, the cost of opportunity of leaving a job to start a business will be = Salary lost due to starting a business + Money initially spend on setting up of business + interest lost on initial investment (which you could have otherwise earned had you invested the money elsewhere) - potential profit from the business

Calculating the annual opportunity cost

Salary lost per year = $50,000

Money initially spend = $100,000

Let us assume the interest rate to be 2% and at this rate as i have not spend the money on starting the business. So interest per year = 100,000 * 2 * 1 / 100 = $2000

Thus, opportunity cost = $50,000 + $100,000 + $2000 - potential profit from the business. So therefore, Opportunity Cost is $152,000 - potential profit from the business per year.

Answer:

It is more profitable to receive $23,750 today than $25,000 in one year.

Explanation:

Giving the following information:

Future Value= $25,000

Present Value= $23,750

Risk-free interest rate= 6%

We need to calculate the future value of $23,750. If it is higher, it is more convenient to receive $23,750 today.

FV= PV*(1+i)^n

FV= 23,750*(1.06^1)

FV= $25,175

It is more profitable to receive $23,750 today than $25,000 in one year.