Answer:
b. Under this check tax, the money supply would have increased, because the currency-deposit ratio increased, which in turn increases the money multiplier.
Explanation:
Athlete Kalen wishes to retire at age forty-five and receive annual birthday payments of $40,000 beginning on his forty-fifth birthday. After his death, the payments on the anniversary of his birth should go to his heirs. In order for Kalen to be able to carry out his plan, he makes contributions to a savings account with a guaranteed annual effective interest rate of 4%. How much money will Kalen need to have accumulated at age forty-five, just prior to his first $40,000 birthday payment
Answer:
1,040,000
Explanation:
We can calculate the money will Kalen need to have accumulated at age forty-five by dividing the annual birthday payments by the effective interest.
DATA
Annual birthday payments = A = $40,000
Effective interest = i = 4%
Calculation
Value at age 45 = A / i + Co
Value at age 45 = (40000 / .04) + 40000
Value at age 45 = 1,040,000
Kalen will need to have accumulated money of 1,040,000 at age forty-five, just prior to his first $40,000 birthday payment.
Hector and Maria Gonzales Hector a Maria have been married for almost one year now and are thinking about buying a house. Maria is an executive for a large, multi−national corporation with offices around the world. She has been told by her company that she will be transferred to a new location every three years. Hector is a car salesman and he is willing to move to wherever Maria gets transferred. Together they make $8,000 in gross monthly income and pay 40% in taxes and withholdings every month. Between them they have monthly payment of $400 in student loans and $700 in car loans, and their credit cards payments average $450 per month. They currently lease a luxury condo for $1,400 per month. They travel to Cancun every Christmas. Since they both work a lot of hours, they eat out at restaurants for most meals. They currently have nothing in savings but Hector's grandparents have said they will give them a 20% down payment for the new home. Based on t
Question Completion:
They have found a very nice townhouse available for $200,000. Assuming a 20% down payment and a 30-year fixed rate mortgage at 6.65%, what will their PITI be? Annual property taxes are $2,400 and homeowner's insurance premium is $900 per year.
Answer:
Hector and Maria Gonzales
Their PITI will be:
Mortgage Payment $1,027.14
Property Tax $200.00
Home Insurance $75.00
Total PITI = $1,302,14
NB: The rule states that Hector and Maria's PITI should not exceed 28% of their pre-tax monthly income.
Explanation:
a) Data and Calculations:
Home Price = $200000
Down Payment = 20
%
Loan Term = 30 years
Interest Rate = 6.65
%
Start Date = Jan 1, 2020
Annual Tax & Other Cost
s
Property Taxes = $2400
Home Insurance = $900
PMI Insurance = $0
HOA Fee = $0
Other Costs = $35400
b) Based on an online financial calculator:
Monthly Pay: $1,027.14
Monthly Total
Mortgage Payment $1,027.14 $369,771.77
Property Tax $200.00 $72,000.00
Home Insurance $75.00 $27,000.00
Other Costs $2,950.00 $1,062,000.00
Total Out-of-Pocket 4,252.14 $1,530,771.77
House Price $200,000.00
Loan Amount $160,000.00
Down Payment $40,000.00
Total of 360 Mortgage Payments $369,771.77
Total Interest $209,771.77
Mortgage Payoff Date Jan. 2050
c) The PITI is an acronym for principal, interest, taxes, and insurance—the sum components of a mortgage payment. It helps Hector and Maria Gonzales to determine the affordability of this mortgage. The Other Costs of $35,400 represent the annual costs of student and car loans, credit cards payments, and the condo, where they live.
The difference between Ley farming and Mixed farming
Answer:
Ley farming is an agricultural system where the field is alternately seeded for grain and left fallow. Another name for the method is "alternate husbandry".
and Mixed farming involves running a system of livestock and arable crops from the same farm and traditionally involves a broad range of crops and livestock being grown and raised, with the advantage of spreading the risk of any one crop failing in a given year.
Explanation:
Which of the following is true? Group of answer choices An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect. An excise subsidy increases consumption of a good by the same quantity as does a cash transfer but at a lower cost to the government. An excise subsidy has an income effect since the subsidy increases the consumer’s income but no substitution effect. An excise subsidy has both an income and a substitution effect which causes the consumption of the subsidized good to rise.
Answer:
An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.
Explanation:
The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.
8. The goal of Full Employment provides
as many jobs as possible
more money for economic output
more tax revenue for the government
all of the above
Answer:
all of the above
Explanation:
Full employment is a macroeconomic objective that targets to have all available labor resources employed most efficiently. In a full-employment situation, there is a zero or very low unemployment rate. In reality, a 3 to 4 percent unemployment rate is considered full employment.
some of the benefits of pursuing full employment include
Improved living standards: Employment moves people from zero to at least the minimum income, thereby improving their living standards.Widen tax base: Government can collect more taxes with a larger number of employed people.Increase income: with increased incomes, there is increased consumption in the economy. The multiplier effect of increased spending is more job opportunities and higher earnings.Full employment relieves the government from the burdens of social support.It improves equity in wealth distribution.Consider a budget line drawn with avocados on the vertical axis and tangerines on the horizontal axis. The consumer's income is $100, the price of avocados is $5, and the price of tangerines is $10. Suppose the consumer's income falls to $75.00, but the prices stay the same. The change in income produces a: Group of answer choices parallel shift inward of the indifference curves. new budget line which is steeper than the original one. parallel shift inward of the budget line. new budget line which is flatter than the original one.
Answer:
new budget line which is steeper than the original one.
Explanation:
I drew the both budget lines in order to show the effect of the decrease in income.
The new budget line shifts inward and it is slightly more steep than the original budget line because the consumer can only purchase 7 tangerines, he cannot purchase 7.5. This slight difference makes the slope steeper. The total possible quantity of avocados diminished by 25%, while the total possible quantity of tangerines diminished by 30%.
Jing Company was started on January 1, Year 1 when it issued common stock for $50,000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $34,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000. The equipment had a five-year useful life and a $12,000 expected salvage value. Using double-declining-balance depreciation, what the amount of depreciation expense and the amount of accumulated depreciation, respectively, that would appear on the December 31, Year 3 financial statements?
Answer:
Depreciation expense - year 3 = $5184
Accumulated depreciation - Year 3 = 23040 + 5184 = $28224
Explanation:
The Financial reporting standards state that the cost of a fixed asset should include the purchase cost and all the costs necessary to bring the asset to the place and in the condition necessary for its use as intended by the management. Thus, the transportation cost will be capitalized as in FOB Shipping Point, the buyer pays for the transportation.
Cost of office equipment = 34000 + 2000 = $36000
Th double declining balance method is an accelerated method to charge depreciation in which higher depreciation is charged in the initial years and lower in the later years.
The formula for depreciation expense under this method is,
Depreciation expense = 2 * [(Asset cost - Accumulated depreciation)/Estimated useful life of the asset]
Depreciation expense - year 1= 2 * [(36000 - 0) / 5
Depreciation expense - year 1 = $14400
Depreciation expense - year 2 = 2 * [(36000 - 14400) / 5]
Depreciation expense - year 2 = $8640
Accumulated depreciation - year 2 = 14400 + 8640 = 23040
Depreciation expense - year 3 = 2 * [(36000 - 23040) / 5]
Depreciation expense - year 3 = $5184
Accumulated depreciation - Year 3 = 23040 + 5184 = $28224
A major purpose of a cost accounting system is to _____
Answer:
Explanation:
The main objective of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making process.
plz mark as brainliest
For productivity to increase 1. the total production or output has to increase. 2. the total number of hours worked has to increase 3. the value of the production per hour worked has to increase.
Answer:
. the value of the production per hour worked has to increase.
Explanation:
Productivity is a measure of output generated from per unit of input. It is a measure of the efficiency of a machine, worker, system, or factory in converting inputs to desired outputs. Productivity is calculated by dividing the average output per period by the incurred input (labor, time, capital, material, energy).
For productivity to increase, the value of production per hour has to increase. The output per hour has to increase compared to the input used.
In the maturity stage of the product life cycle_________________________. companies typically don't advertise at all since brands are well known by consumers by now competition is very intense and many companies use price promotions extensively to win over competitors' customers profit margins are typically increasing at a high rate advertising focuses on educating consumers on how to use a product companies are not making any money at all
Answer:
By now competition is very intense and many companies use price promotion s to extensively win over competitors customers
Explanation:
There are five stages in the life cycle of any product. One of them is the maturity stage.
At this stage, competitors cause a reduction in profit due to price competition and firms are forced to spend a lot of money on advertising to sustain brand loyalty.
Some companies that can not survive the competition may be forced to leave the market.
How can you leverage your strength in the workplace? How can you strengthen your weakness? Not real good on business please helpp!!!!
Answer:
in a workplace it is about teamwork to accomplish a common goal if you are good at something it makes you an asset to the company you help coworkers in that area if you have a weakness you work with coworkers to educate yourself in that area so that in the future you can do better
On January 1, 2019, Nichols Corporation granted 10,000 options to key executives. Each option allows the executive to purchase one share of Nichols' $5 par value common stock at a price of $20 per share. The options were exercisable within a 2-year period beginning January 1, 2021, if the grantee is still employed by the company at the time of the exercise. On the grant date, Nichols' stock was trading at $25 per share, and a fair value option-pricing model determines total compensation to be $400,000. On May 1, 2021, 8,000 options were exercised when the market price of Nichols' stock was $30 per share. The remaining options lapsed in 2023 because executives decided not to exercise their options. Instructions: Prepare the necessary journal entries related to the stock option plan for the years 2019 through 2023.
Answer:
1/1/19 No entry on the date of the grant
12/31/19
Dr Compensation expense200,000
Cr Paid-in capital-stock options200,000
12/31/20
Dr Compensation expense200,000
Cr Paid-in capital-stock options200,000
5/1/21
Dr Cash 160,000
Dr Paid-in capital-stock options 320,000
Cr Common stock 40,000
Cr Paid-in capital in excess of par 440,000
1/1/23
Dr Paid-in capital-stock options 80,000
Cr Paid-in capital-expired options 80,000
Explanation:
Preparation of the necessary journal entries that is related to the stock option plan for the years 2019 through 2023.
1/1/19 No entry on the date of the grant
12/31/19
Dr Compensation expense200,000
Cr Paid-in capital-stock options200,000
(400,000×1/2)
12/31/20
Dr Compensation expense200,000
Cr Paid-in capital-stock options200,000
($400,000 x 1/2)
5/1/21
Dr Cash 160,000
(8,000 x $20)
Dr Paid-in capital-stock options 320,000
($400,000 x 8,000 / 10,000 = $320,000)
Cr Common stock 40,000
(8,000 x $5)
Cr Paid-in capital in excess of par 440,000
(320,000+160,000-40,000)
1/1/23
Dr Paid-in capital-stock options 80,000
Cr Paid-in capital-expired options 80,000
($400,000–$320,000)
The Year 1 selling expense budget for Karin Corporation is as follows: Budgeted sales $2,500,000 Selling costs: Delivery expenses $25,000 Commission expenses 75,000 Advertising expenses 20,000 Office expenses 12,000 Miscellaneous expenses 30,000 Total $162,000 Delivery and commission expenses vary proportionally with budgeted sales in dollars. Advertising and office expenses are fixed. Miscellaneous expenses include $10,000 of fixed costs. The rest varies with budgeted sales in dollars. The Year 2 budgeted sales is $3,400,000. What will be the value for commission expenses in the Year 2 selling expense budget? Group of answer choices $102,000 $24,000 $48,000 $122,000
Answer:
The correct answer is A.
Explanation:
First, we need to separate the fixed from the variable components:
Fixed costs:
Advertising expenses 20,000
Office expenses 12,000
Miscellaneous expenses 10,000
Variable costs:
Delivery expenses $25,000
Commission expenses 75,000
Miscellaneous expenses 20,000
Total $120,000
Now, the proportion of variable costs to sales:
Total selling expense proportion= 120,000/2,500,000= 0.048
For each variable cost:
Delivery expenses= 25,000/120,000= 0.20
Commission expenses= 75,000/120,000= 0.63
Miscellaneous expenses= 20,000/120,000= 0.17
Finally, for $3,400,000 sales:
Total variable cost= 3,400,000*0.048= $163,200
Comissions= 0.63*163,200= $102,816
You hold bonds issued by the city of Sacramento, California. The interest you earn each year on these bonds a. is not subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government. b. is subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government. c. is not subject to federal income tax and so these bonds pay a higher interest rate than otherwise comparable bonds issued by the U.S. government. d. is subject to federal income tax and so these bonds pay a higher interest rate than otherwise comparable bonds issued by the U.S. government.
Answer: a. is not subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government
Explanation:
Federal income taxes are the taxes that are used in the provision of national programs like settling national debt, infrastructural development, national defense, law enforcement etc.
If an individual owns bonds that are issued by the city of Sacramento, California, it should be noted that the interest that is earned each year on these bonds is not subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government. Comparable bonds that are being issued by the United States government pay an higher interest.
Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. The selling price and cost per unit data for 9,000 units of Fluoro2211 are as follows. Per Unit Data Selling Price $150 Direct Materials 20 Direct Labor 15 Variable Manufacturing Overhead 12 Fixed Manufacturing Overhead 30 Variable Selling 3 Fixed Selling and Administrative 10 Total Costs 90 Operating Margin $60 During the next year, sales of Fluoro2211 are expected to be 10,000 units. All costs will remain the same except for fixed manufacturing overhead, which will increase by 20%, and material, which will increase by 10%. The selling price per unit for next year will be $160. Based on these data, Razor Inc.'s total contribution margin for next year will be: Group of answer choices $882,000. $980,000. $972,000. $1,080,000.
Answer:
d. $1,080,000
Explanation:
Contribution per unit = Selling price per unit - Variable cost per unit
Contribution per unit = Selling price per unit - ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Variable Selling )
Contribution per unit = $160 - ($22 + $15+ $12 + $3)
Contribution per unit = $160 - $52
Contribution per unit = $108 per unit
Contribution margin for the next year = $108 per unit * 10,000
Contribution margin for the next year = $1,080,000
Rockeagle Corporation began fiscal year 2018 with the following balances in its inventory accounts:Raw Materials $ 30,000 Work in Process 45,000 Finished Goods 14,000 During the accounting period, Rockeagle purchased $125,000 of raw materials and issued $124,000 of materials to the production department. Direct labor costs for the period amounted to $162,000, and manufacturing overhead of $24,000 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $306,000 to produce were completed and transferred to Finished Goods Inventory. Goods costing $301,000 were sold for $400,000 during the period. Selling and administrative expenses amounted to $36,000.Required:1. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet.2. Prepare a schedule of cost of goods manufactured and sold and an income statement.
Answer:
Raw material Inventory
Beginning balance 30000
Add: Purchase 125000
Less: Issue to production -124000
Ending balance of RM 31000
WIP Inventory
Beginning Inventory of Wip 45000
Add: Current cost of manufacturing
Material issued 124000
Direct wages 162000
OH applied 24000
Total current cost of production 310000
Total cost of goods manufacturing 355000
Less: Cost of goods manufactured 306000
WIP ending inventory 49000
Finished Goods inventory
Beginning Inventory of FG 14000
Add: Cost of goods manufactured 306000
Cost of goods available for sale 320000
Less: Cost of good sold 301000
Ending inventory of FG 19000
Schedule of Cost of goods manufactured
Beginning Inventory of Rm 30000
AdD: Purchase 125000
RM available 155000
Less: Ending inventory -31000
Raw material issued 124000
Labour cost 162000
OH applied 24000
Total Manufacturing cost 310000
Add: Beginning inventory of Wip 45000
Total WIP inventory 355000
Less: Ending inventory of WIP 49000
Cost of goods manufactured 306000
Add: Beginning Inventory of FG 14000
Total cost of goods available for sale 320000
Less: Ending inventory of FG 19000
Cost of good sold 301000
Income Statement
Sales revenue 400000
Less: Cost of goods sold 301000
Gross Margin 99000
Less: Selling and admin expense 36000
Net Operating income 63000
Suppose Intel stock has a beta of , whereas Boeing stock has a beta of . If the risk-free interest rate is and the expected return of the market portfolio is , according to the CAPM, a. What is the expected return of Intel stock? b. What is the expected return of Boeing stock? c. What is the beta of a portfolio that consists of Intel stock and Boeing stock? d. What is the expected return of a portfolio that consists of Intel stock and Boeing stock? (There are two ways to solve this.
Answer:
a. Expected return of Intel stock
= Risk free rate + Beta * ( Market return - risk free rate)
= 5.6% + 1.69(12.2% - 5.6%)
= 16.75%
b. Expected return of Boeing stock
= Risk free rate + Beta * ( Market return - risk free rate)
= 5.6% + 0.88(12.2% - 5.6%)
= 11.40%
c. Beta of a Portfolio with 60% Intel stock and 40% Boeing stock.
= Weighted average of betas
= (0.6 * 1.69) + ( 0.4 * 0.88)
= 1.37
d. First method - Weighted average of both returns
= (0.6 * 16.75%) + (0.4 * 11.40%)
= 14.6%
Second method - Use the Portfolio beta and CAPM
= Risk free rate + Beta * ( Market return - risk free rate)
= 5.6% + 1.37(12.2% - 5.6%)
= 14.6%
Which of the following statements represents a possible measure of success in the first step of the five-step marketing research approach, defining the problem? A. If 3-year-olds like this product, then it stands to reason that 4-year-olds will like it even more. B. If the test subject eats most or all of the sample during the taste test, it will be assumed that he or she likes it. C. Use mail questionnaires, not focus groups. D. You have three weeks and $10,000 to determine if it is going to be profitable to serve breakfast on weekdays or not. E. Let's identify the most cost-effective method of advertising.
Answer:
B.
Explanation:
Marketing Strategy is a vital part of any business plan. The Five-Step Marketing Research method is one of the method that helps any business to strategize it's marketing plans.
The First step of the Five-Step Marketing Research approach is 'Defining The Problem'. This step is very crucial of the research method as the rest of the steps will follow this step. In this step, the business need to define the problem that it is trying to figure out. Asking questions in this step will help to determine problem or opportunity.
From the given statements, the correct one is option B. The statement in option B characterise a possible measure of success in defining the problem. This statement determines the opportunity of success of the five step of the Five-Step Marketing research approach.
Therefore, option B is correct.
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $30,000. In payment, Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2022. The 6% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2021 interest accrual, and the March 31, 2022 collection. (Do not round intermediate calculations.) 2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2021 and 2022
Answer: Check attachment
Explanation:
On 31st December 2021:
Interest accrued on 6% note was calculated as:
= $30,000 × 6% × 6/12
= $30,000 × 0.06 × 0.5
= $900
On 31st March, 2022:
Interest income was calculated as:
= $30000 × 6% × 3/12
= $30000 × 0.06 × 0.25
= $450
Check attachment for further information
Which item is important to consider when selecting a
credit card?
Answer:
APR, annual fees, charges, etc.
Explanation:
This activity is important because as a manager, you should know how compensation methods are related to motivation theories. Compensation may be offered at the individual, group, and organizational level, depending on what type of performance is to be rewarded. Compensation plan elements use principles of equity theory, expectancy theory, and goal-setting theory in order to encourage direction, intensity, and persistence of effort toward organizational and individual goals. The goal of this activity is to demonstrate your knowledge of motivation theories by associating them with elements used in compensation systems. Read the statements. Drag and drop each item into the correct spot. A. Merit Pay
B. Gainsharing
C. Piece-Rate Systems
D. Recognition Awards
E. Lump-Sum Bonuses 1. Expectancy Theory Instrumentality 2. Equity Theory 3. Goal-Setting Theory: Unit-Focused 4. Goal-Setting Theory: Individual-Focused5. Extrinsic Motivation
Answer:
A. Merit Pay - 2. Equity Theory
B. Gain sharing 3. Goal-setting Theory: Unit-Focused
C. Piece-Rate Systems 4. Goal-setting Theory: Individual-Focused
D. Recognition Awards 1. Expectancy Theory Instrumentality
E. Lump-Sum Bonuses 5. Extrinsic Motivation
Explanation:
Employee motivation is dependent on many factors. A person may be motivated just if his work is appreciated. He feels that his work is appreciated and for this reason he is motivated to perform better. Some people consider pay rise or monetary rewards as their motivation factor. Some people finds more authority as their motivating factor. They feel motivated if they are given more challenging work and more authority.
Drag and drop each item into the correct spot is :
A. Merit Pay - 2. Equity Theory
B. Gain sharing -3. Goal-setting Theory: Unit-Focused
C. Piece-Rate Systems -4. Goal-setting Theory: Individual-Focused
D. Recognition Awards -1. Expectancy Theory Instrumentality
E. Lump-Sum Bonuses -5. Extrinsic Motivation
"Compensation methods"Fair compensation and benefits can lead to more noteworthy work fulfillment, meaning representatives are upbeat in their work position and are less likely to need to move employments.
Not as it were does this result in a lower worker turnover rate but it can too make certain positions within the working environment show up more favorable among employees.
A. Merit Pay - 2. Equity Theory
B. Gain sharing 3. Goal-setting Theory: Unit-Focused
C. Piece-Rate Systems 4. Goal-setting Theory: Individual-Focused
D. Recognition Awards 1. Expectancy Theory Instrumentality
E. Lump-Sum Bonuses 5. Extrinsic Motivation
Learn more about "Motivational Theory":
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Your brother-in-law borrowed $1,000 from you 10 years ago and then disappeared. Yesterday he returned and expressed a desire to pay back the loan, including the interest accrued. Assuming you had agreed to charge him interest of 7.00% per year, and that he wishes to make five equal annual payments beginning in one year, how much would your brother-in-law have to pay annually (rounded to the nearest dollar) to extinguish the debt
Answer:
$479.11
Explanation:
Loan + Accrued interest (1000*1.07^10) = 1,967.15
PMT = P *r*(1+r)^n / ((1+r)^n - 1)
PMT=Monthly payment , P = Principal=1967.15 , r = interest rate=0.07,n=number of payment =5
PMT=1967.15*.07*(1+.07)^5/((1+.07)^5 – 1)
PMT = 479.11
What is the present value of a four-period annuity of $100 per year that begins two years from today if the discount rate is 9%
Answer:
$297.22
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated with a financial calculator
Cash flow in year 1 = 0
Cash flow each year from year 2 to 5 = $100
I = 9%
Present value = $297.22
To find the PV 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
Romain Surgical Hospital uses the direct method to allocate service department costs to operating departments. The hospital has two service departments, Information Technology and Administration, and two operating departments, Surgery and Recovery. Service Department Operating Department Information Technology Administration Surgery Recovery Departmental costs $ 36,294 $ 36,282 $ 522,320 $ 720,360 Computer workstations 43 20 74 64 Employees 39 25 94 47 Information Technology Department costs are allocated on the basis of computer workstations and Administration Department costs are allocated on the basis of employees. The total Surgery Department cost after service department allocations is closest to:
Answer:
Romain Surgical Hospital
The total Surgery Department cost after service department allocations is closest to:
$ 565,970
Explanation:
a) Data and Calculations:
Service Department Operating Department
Information Technology Administration Surgery Recovery
Departmental costs $ 36,294 $ 36,282 $ 522,320 $ 720,360
Computer workstations 43 20 74 64
Employees 39 25 94 47
Information Technology costs allocated based on the Computer workstations $36,294/138 = $263 per workstation
Administration costs allocated based on the number of employees:
$36,282/141 = $257.32
Direct Allocation of Service Departments' Costs:
Service Department Operating Department
Information Technology Administration Surgery Recovery
Departmental costs $ 36,294 $ 36,282 $ 522,320 $ 720,360
Information Techn. (36,294) 0 19,462 16,832
Administration 0 (36,282) 24,188 12,094
Total costs 0 0 $ 565,970 $ 749,286
Match the strategies to ensure effective service through intermediaries to the scenarios.
OPTIONS
control strategy
empowerment strategy
partnering strategy
------------------------------
Jason has just launched a company. He has supplied
the intermediaries with research regarding his
company’s services.
arrowRight
Olivia is managing a company where the services have
to be sold by working together with the intermediaries.
arrowRight
Peter’s company has set many service standards for the
intermediaries. His company constantly measures these
standards and makes sure they are followed.
arrowRight
Answer:
Jason has just launched a company. He has supplied
the intermediaries with research regarding his
company’s services.-partnering strategy
arrowRight
Olivia is managing a company where the services have
to be sold by working together with the intermediaries.-empowerment strategy
arrowRight
Peter’s company has set many service standards for the
intermediaries. His company constantly measures these
standards and makes sure they are followed.-control strategy
arrowRight
I do not know if i am right or not but if right plz mark Brainliest! HOPE THIS HELPS <3
Explanation:
On June 1, 2021, Royal Property Management entered into a one-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2021. Under the terms of the contract, Royal will be paid a fixed fee of $62,000 and will receive an additional 15% of the fixed fee at the end of the contract provided that building occupancy exceeds 90%. Royal estimates a 30% chance it will exceed the occupancy threshold, and concludes the revenue recognition over time is appropriate for this contract. Assume that Royal accrues revenue each month, and estimates variable consideration as the most likely amount. On November 1, Royal revises its estimate of the chance the building will exceed the 90% occupancy threshold to a 70% chance. What is the total amount of revenue Royal should recognize on this contract in November of 2021
Answer:
$9,041
Explanation:
The computation of the total amount of revenue Royal should recognize on contracts in November of 2021 is shown below:-
Revenue to be recognized for 4 months = $62,000 × 4 ÷ 12
= $20,667
Total Fees = $62,000 + ($62,000 x 15%)
= $71,300
Revenue recognized at the end of November
= $71,300 × 5 ÷ 12
= $29,708
Revenue recognized in November of 2021
= Revenue recognized at the end of November - Revenue to be recognized for 4 months
= $29,708 - $20,667
= $9,041
There are Federal Reserve regional banks. Which of the following contributes to making the Federal Reserve an independent policymaking body? Members of the Board of Governors are appointed for 14-year terms. Its role is written into the U.S. Constitution. There are 12 Federal Reserve banks. The Federal Reserve's primary tool for changing the money supply is . In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will government bonds.
Answer:
There are 12 Federal Reserve regional banks. A further explanation is given below.
Explanation:
The central U.S is the treasury department System. This isn't about a foreign company. Alternatively, the complete United States is broken across 12 treasury department regions, along with a federal reserve bank throughout the jurisdiction. The treasury department system is established by these 12 area federal reserve banks.So, there are many 12 area Federal Reserve banks.
Despite the latter's independence towards political interference, the federal reserve system is perceived to be autonomous. This is because a director of the Federal Reserve executive committee is named for a maximum term duration of 14 years. This starts and ends the duration of three or four U.S president and thereby actually protects the board against political control.
Representatives are named to the board of directors for a period of 14 years.
Open market activities are the main weapon of the Federal Reserve for adjusting the amount of money in circulation. The Federal Reserve would issue government securities to decrease the consumption of dollars from the U.S.Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method.
Apr. 1 Sold merchandise for $3,000, with credit terms n/30: invoice dated April 1. The cost of the merchandise is $1800
Apr. 4 The customer in the April 1 sale returned $300 of merchandise for full credit. The merchandise, which had cost $180 ,is returned to inventory
Apr. 8 Sold merchandise for $1,000, with credit terms of 1/10, n/30: invoice dated April 8. Cost of the merchandise is $700
Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4.
Answer and Explanation:
The journal entries are shown below:
1. Account Receivable $3,000
To Sales $3,000
(Being sale is recorded)
2. Cost of Goods Sold $1,800
To Merchandise $1,800
(Being the cost of goods sold is recorded)
3. Sales Return $300
To Account Receivable $300
(Being sales return is recorded)
4. Merchandise $180
To Cost of Goods Sold $180
(being cost return is recorded)
5. Account Receivable $1,000
To Sales $1,000
(Being sale is recorded)
6. Cost of Goods Sold $700
To Merchandise $700
(Being the cost of goods sold is recorded)
7. Cash $2,700 ($3,000 - $300)
To Account Receivable $2,700
(Being payment receipt is recorded)
Fuzzy Button Clothing Company reported sales of $820,000 at the end of last year; but this year, sales are expected to grow by 10%. Fuzzy Button expects to maintain its current profit margin of 23% and dividend payout ratio of 10%. The firm’s total assets equaled $500,000 and were operated at full capacity. Fuzzy Button’s balance sheet shows the following current liabilities: accounts payable of $65,000, notes payable of $25,000, and accrued liabilities of $60,000. Based on the AFN (Additional Funds Needed) equation, what is the firm’s AFN for the coming year? -$149,214 -$164,135 -$186,518 -$134,293
Answer:
-$149,214
Explanation:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = assets / sales = 500,000 / 820,000 = 0.60976
ΔSales = $820,00 x 10% = $82,000
L/S = liabilities / sales = 125,000 / 820,000 = 0.15244
PM = profit margin = 23%
FS = forecasted sales = $902,000
1 - d = 1 - 10% = 0.9
EFN = (0.60976 x $82,000) - (0.15244 x $82,000) - ($902,000 x 0.23 x 0.9) = $ 50,000 - $12,500 - $186,714 = -$149,214
Bond Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $20 per machine hour, while the Sanding Department uses a departmental overhead rate of $15 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments: Actual results Assembly Department Sanding Department Direct labor hours used 4 3 Machine hours used 9 5 The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 542 is $1,200. What was the total cost of Job 542 if Bond Industries used the departmental overhead rates to allocate manufacturing overhead
Answer:
Total cost= $1,600
Explanation:
First, we need to allocate overhead to each department:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly Department= 20*9= $180
Sanding Department= 15*3= $45
Now, we can calculate the total cost of Job 542:
Total cost= 1,200 + (25*7) + (180 + 45)
Total cost= $1,600