It should be noted that total product begins to fall when D. marginal product is zero.
What is total product?It should be noted that total product simply means the total output that's made by the employees.
Total product begins to fall when the marginal product is zero. In this case, the total product has reached its maximum.
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You want to invest $6,000 annually beginning now in order to accumulate $33,300 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the:
To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the: Future value of a annuity due of $1 table for the factor closed to 5.55.
Future value of a annuity dueSince we have $6,000 as the amount invested annually and we need to accumulate $33,300.
Therefore the annuity factor required is:
Annuity factor=$33,300/$6,000
Annuity factor=5.55 and its future value of annuity
Inconclusion Future value of a annuity due of $1 table for the factor closed to 5.55.
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Penny, a full-time biochemist, loves stock car racing. To feed her passion, she bought a used dirt-track car and has started entering some local dirt-track races. The prize money is pretty small ($1,000 for the winner), but she really is not in it for the money. Penny reported the following income and expenses from her nights at the track: Prize money $3,660 Expenses: Transportation from her home to the races 1,760 Depreciation on the dirt-track car 4,780 Entry fees 5,400 Oil, gas, supplies, repairs for the dirt-track car 2,890 What are the tax effects of Penny’s racing income and expenses assuming that the racing activity is a hobby for Penny?
Answer:
Options includes:
Penny’s racing income - Includable or excludable (choose one)
Penny;s racing expenses – Deductible or non deductible (Choose one)
Gross income for tax – Increases or decreases (choose one)
Penny’s racing income is includable in Gross Income
Penny's racing expenses is Non-Deductible. This is because Miscellaneous expenses deduction has been eliminated. No hobby expenses will be deductible
Gross Income for Tax will Increase. This is because hobby income increases and this in turn increase the gross income for tax.
1. what are three characteristics of credit cards
2. What are three fees that banks can charge for their services?
Answer:
Alternative to cash. Credit limit, Aids payment in domestic and foreign currency. and Account maintenance and minimum balance. Many banks charge fees for maintaining checking or savings accounts, ATM, Overdraft
Explanation:
A company decides to diversify a product by creating a new product range. Which stage of the its life cycle is the product most likely in? A company decides to diversify a product by creating a new product range. It is most likely in the stage.
Answer:
Introduction.
Explanation:
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Basically, the introduction stage is the fist stage of a product's life cycle, indicating that it is new in the market. Hence, this stage is typically characterized by low (slow) sales and as such the company (producer) has to invest so much in advertisements, marketing and promotional strategies (campaigns) in order to increase customer awareness.
In this scenario, a company decides to diversify a product by creating a new product range. Therefore, the life cycle stage the product is most likely in is introduction.
Since graduating from college five years ago, you have worked for a national chain of men's clothing stores. You have held several positions within the company and are currently manager of a local branch store.
Over the past three years, you have observed a pattern in the purchases of men's suits. You establish that the majority of men's suit purchases are black, brown, blue, gray, and olive. You also noticed that French cuff shirts are now fashionable, but few stores carry a wide color selection. Because you have always wanted to be in business for yourself, you decide to open a shop that will sell suits that are black, brown, blue, gray, and olive and to carry a wide array of colors of French cuff shirts. Your store will also sell fashionable ties and cuff links. You have decided that your store will brand itself for focusing on men's fashion; therefore, the name for your store will be "The Style Shop." You have discussed your plan with a number of people in the industry, and they believe your idea is a viable one and have encouraged you to pursue your dream of becoming an entrepreneur.
A new upscale outdoor shopping mall is opening nearby, and you have decided that now is the time to take the plunge and go into business for yourself. After developing a comprehensive business plan that includes marketing strategies and financial projections, you decide to open The Style Shop in the new mall.
One of the things you must decide in the process of transforming your idea into reality is the form of ownership for your new business. Should it be organized as a sole proprietorship, a partnership, or a corporation? What advantages or disadvantages are there to each choice? What do you think of the proposed name for the business, The Style Shop? use the chart below to organize your thoughts.
Business Entity Advantages Dis-Advantages
Sole Proprietorship
Partnership
Corporation
Explanation:
Sole Propietorship:
Individual ownership is a form of business that is facilitated, where there are not so many rules and formalities and taxes are paid on the company's income. In this business model, there is a single owner of the enterprise who manages the business and is the only one responsible for the company's debts and profits.
The advantages are: low opening cost, low taxes, greater control, easier selling
The disadvantages are: greater liability for debts, less attraction for investors
Partnership:
A partnership is a business model where two or more people come together to open a new business together. Which means sharing responsibilities arising from the business.
The advantages are: less formality than a limited partnership, more simplified accounting, shared responsibilities, easier opening that can be agreed in writing.
The disadvantages are: conflicts over business disagreements, personal conflicts can hinder business, lack of stability, debt sharing
Corporation:
A company is a legal entity, which separates itself from its owners and acquires its own legal responsibility.
The advantages are: tax benefits, less personal responsibility, greater investment attraction, greater capital generation.
The disadvantages are: greater formalization, greater need for capital, greater inspection, greater payment of taxes, greater social and environmental responsibility.
What do you think of the proposed name for the business, The Style Shop?
The proposed name for the business should be a more specific name, as the name is very generic, there is no specificity that guarantees greater clarity about what the business offers and for whom. An ideal name should be more focused on your potential audience and easier to identify.
Q2. (5 Pts.) Performance Sails’ accountant (from Q1) suggests that in addition to the variable cost (labor cost) also the fixed cost (rent) should be factored into the productivity calculations. The cost to rent store space and the hourly wage rates are given below. Sausalito Alameda Embarcadero Oakland Monthly Sales volume $40,000 $12,000 $60,000 $25,000 Labor hours/month 250 60 500 200 Labor cost/hr $6.75 $6.50 $6.00 $5.50 Rent (per month) $1,900 $1,500 $2,150 $900 Productivity a. Which store is most productive? b. Performance Sails is not sure it can keep all four stores open. Based on productivity, which store would you close? What other factors should be considered? c. What would Alameda’s multi-factor productivity be if the monthly sales could be increased to $24,000 (please make sure to identify which costs are variable and fixed and adjust the variable cost proportional to the sales increase)?
Answer:
a. Which store is most productive?
Oaklandb. Performance Sails is not sure it can keep all four stores open. Based on productivity, which store would you close?
AlamedaWhat other factors should be considered?
Total volume sales could also be a factor to consider, except that in this case, Alameda store sells the least amount per month.c. What would Alameda’s multi-factor productivity be if the monthly sales could be increased to $24,000 (please make sure to identify which costs are variable and fixed and adjust the variable cost proportional to the sales increase)?
total costs = (120 x $6.50) + $1,500 = $2,280multi-factor productivity = $24,000 / $2,280 = 10.53 (still the lowest, the problem is that the rent is too high, labor productivity is not a problem)Explanation:
Sausalito Alameda Embarcadero Oakland
Monthly Sales $40,000 $12,000 $60,000 $25,000
Labor hours 250 60 500 200
Labor cost/hr $6.75 $6.50 $6.00 $5.50
Total labor $1,687.50 $390 $3,000 $1,100
Rent (month) $1,900 $1,500 $2,150 $900
Total cost $3,587.50 $1,890 $5,150 $2,000
Multi-factor 11.15 6.35 11.65 12.5
productivity
Three hairstylist, Francois, Bernard and Mimi run Fast Service Hair Salon. They perform only shampooing and hairstyling activities. On average it takes 10 minutes to shampoo, 15 minutes to style hair, and 5 minutes to bill the customer. When a customer arrives, he or she first checks in the receptionist (Lulu). This takes only 3 minutes. One of the three stylists then takes charge of the customer and performs all three activities – shampooing, styling and billing consecutively. A customer has suggested that billing activity be transferred to Lulu. What would be the impact on salon's capacity (i.e., the maximum number of customers they can serve per hour)?
Answer:
Fast Service Hair Salon
The impact is that instead of a stylist serving only 5 customers in 150 minutes, this same stylist can serve 6 customers. The company-wide implication is that the three stylists, Francois, Bernard, and Mimi can serve 18 customers in 150 minutes altogether instead of just 15 customers under the former arrangement.
Since Lulu, the receptionist is idle most of the time, she can be assigned the billing of customers to enable the stylists to serve more customers with concentration.
Explanation:
Activities and time:
Shampooing = 10 min
Hairstyling = 15 min
Billing = 5 min
Total time per customer = 30 minutes
If billing is assigned to Lulu, the total time per customer reduces to 25 (30 - 5) minutes, thus saving 5 minutes of the stylist's time or an equivalent of 5/30 or 16.7% of their time per customer.
Jack and Jill own a successful engineering company, which sponsors a 401(k) plan that requires standard eligibility. Sam, Tom and Pat are the only other employees, who are between the ages of 25 and 29 and have been with the company for a couple of years. Jack and Jill each have salaries of $200,000, while their employees have salaries ranging between $28,000 and $30,000. Jack and Jill both defer $10,000 each. Sam, who is Jack and Jill's son, earns $30,000 and defers $6,000 into the 401(k) plan. Tom, who makes $28,000, defers $2,800, while Pat does not defer anything into the 401(k) plan. Which of the following statements is correct? a. The ADP for the NHC employees is 6.67% b. If the plan failed the ADP test, then the issue could be solved by providing a qualified matching contribution to all five employees. c. Jack and jill are the only highly compensated employees. d. If the company hired a new employee, it would not increase the amount that Jack and Jill can defer during the first year of the employee's employment?
Answer: Jack and Jill are the only highly compensated employees.
If the company hired a new employee, it would not increase the amount that Jack and Jill can defer during the first year of the employee’s employment
Explanation:
From the data presented above it is very obvious that jack and jull are the only employees who are highely compnested with each earning almost 8 times what other employees earning.
even if the company employed new employees, this would still not affect the amount Jack and Jill would be able to differ.
Fabricators, Inc. wants to increase capacity by adding a new machine. The fixed costs for machine A are $50,000, and its variable cost is $15 per unit. The revenue is $25 per unit. What is the break-even point for machine A
The break-even point for Machine A given the fixed costs and variable costs is 5000.
What is the break-even point?The break-even point is the point at which the number of units produced and sold at which net income is zero. It is the ratio of fixed cost to the contribution margin.
Breakeven quantity = fixed cost / price – variable cost per unit
$50,000 / ($25 - $15)
$50,000 / $10 = 5000
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PS.53 Brother I.D. Ricks is a faculty member at BYU-Idaho whose grandchildren live in Oklahoma and California. He and his wife would like to visit their grandchildren at least once a year in these states. They currently have one vehicle with well over 100,000 miles on it, so they want to buy a newer vehicle with fewer miles and that gets better gas mileage. They are considering two options: (1) a new subcompact car that would cost $19,500 to purchase or (2) a used sedan that would cost $13,700.
They anticipate that the new subcompact would get 41 miles per gallon (combined highway and around town driving) while the sedan would get 26 miles per gallon. Based on their road tripping history they expect to drive 18,000 miles per year. For the purposes of their analysis they are assuming that gas will cost $2.24 per gallon.
Required:
a. How many miles would the Ricks need to drive before the cost of these two options would be the same?
b. How many years would it take for these two options to cost the same?
Answer:
Results are below.
Explanation:
First, we need to structure the total cost of each car:
Subcompact= 19,500 + 0.055*x
Sedan= 13,700 + 0.086*x
x= miles driven
Now, we equal both formulas and isolate x:
19,500 + 0.055x = 13,700 + 0.086x
5,800 = 0.031x
187,096.77 = x
The indifference point is 187,096.77 miles.
Prove:
Subcompact= 19,500 + 0.055*187,096.77= $29,790.32
Sedan= 13,700 + 0.086*187,096.77= $29,790.32
Finally, the time required:
Number of years= 187,096.77/18,000= 10.39 years
so that Finally, the time required:
(b) The Number of years is = 187,096.77/18,000= 10.39 yearsLearn more information:
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How can you use change management to gain a competitive advantage?
Answer:
Organisations which are great at change management are constantly improving their ability to perform change, actively involving people, and integrating change into their cultures. These organisations achieve competitive advantage by performing change management better, faster, and with fewer resources than competitors.
Explanation:
cuz
5. Calculating tax incidence Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 40 billion cases of cola were sold every year at a price of $5 per case. After the tax, 34 billion cases of cola are sold every year; consumers pay $6 per case (including the tax), and producers receive $2 per case. The amount of the tax on a case of cola is $ per case. Of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. True False
Answer:
The amount of tax on a case of Cola is ;
= Selling price - Producer gain
= 6 - 2
= $4
The burden that falls on consumers is;
= Current selling price - Previous selling price
= 6 - 5
= $1
The burden that falls on the producers is;
= Selling price less consumer tax - Producer gain
= 5 - 2
= $3
The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. FALSE.
Whether the tax is on the producer or on the consumer makes no difference because the quantity sold will be the same. The statement is therefore false.
The financial information of Z, Inc. is as follows: EBIT/share: $5 EPS: $3 Growth rate: 15% Stock Price per share: $48 The industry averages of price-EBIT ratio, PE ratio and PEG ratio are 10, 15, and 1.2 respectively. What is the implied stock price of Z, Inc. using the PE ratio
Answer:
$45
Explanation:
What is the implied stock price of Z, Inc. using the PE ratio?
EPS = $3
Industry PE ratio = 15
Price per share as per industry PE averages = 15* $3
Price per share as per industry PE averages = $45
Hence, the implied stock price of Z, Inc. using the PE ratio is $45
Explore the impact of the traditional approaches to Labour Relations and evaluate how they impact on the interactions and nature of the relationship of the parties to the labour relationship. Include the role of the state in your answer.
For each of the following sentences, choose the option that makes the message more reader oriented.
1. Come to Barclay’s Furniture and see how low we’ve cut prices at our grand opening in Seattle!
a. You’ll save with major discounts at the Barclay Furniture Seattle store’s grand opening.
b. We’ve cut prices just for you at the Barclay Furniture Seattle store’s grand opening.
c. No change necessary.
2. Our affordable prices and great styles will make redecorating your home a breeze.
a. Redecorate your home with the latest styles at an affordable price.
b. We’ll help you redecorate your home with the latest styles and the most affordable prices.
c. No change necessary.
3. We’ll slash an additional 10 percent off living room sets if you shop by Tuesday.
a. No change necessary.
b. If you don’t shop by Tuesday, you’ll miss our additional 10 percent discount on living room sets.
c. Shop by Tuesday and you’ll save an additional 10 percent on all living room sets.
Answer:
1. Come to Barclay’s Furniture and see how low we’ve cut prices at our grand opening in Seattle!
Option that makes the message more reader oriented
a. You’ll save with major discounts at the Barclay Furniture Seattle store’s grand opening as it is most appropriate and more consumer friendly.
2. Our affordable prices and great styles will make redecorating your home a breeze
Option that makes the message more reader oriented
b. We’ll help you redecorate your home with the latest styles and the most affordable prices as it touches the consumer with the help.
3. We’ll slash an additional 10 percent off living room sets if you shop by Tuesday.
Option that makes the message more reader oriented
c. Shop by Tuesday and you’ll save an additional 10 percent on all living room sets as it is very pleasing.
the sun....... (rise) at 6.04 this morning
Answer:
the sun rose at 6.04 this morning
Explanation:
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You are an astronaut on a deep space mission. You are in suspended animations for 40 years before you return to earth. Your parents have died, but, since you were the favorite son (since you were an astronaut and all), they left you first choice over your ne'er-do-well brother, Sigmund. Your choices are your parent's Roth IRA or their traditional IRA. The Roth IRA has $2 million in it. The traditional IRA has $2.5 million in it. Your income is well within the 30% tax bracket and you are old enough to withdrawl the money without penalty. Assume that you will withdrawl all the money at once. Which IRA would you choose and why?
Answer:
you should choose the Roth IRA
Explanation:
we have to calculate after tax return in order to determine which option is better:
traditional IRA account: after tax return = $2,500,000 x (1 - 30%) = $1,750,000Roth IRA account: after tax return = $2,000,000, since Roth IRA's distributions are tax freeRoth IRA contributions are not tax deductible, that is why their distributions are tax free. While traditional IRA contributions are tax deductible, that is why their distributions are taxed at marginal tax rate.
Old Tyme Soda produces one flavor of a popular local soft drink. It had no work-in-process on October 31 in its only inventory account. During November, Old Tyme started 11,400 barrels. Work-in-process on November 30 is 1,900 barrels. The production supervisor estimates that the ending work-in-process inventory is 40 percent complete. An examination of Old Tyme’s accounting records shows direct material costs of $24,413 and conversion costs of $27,400 for November. All production is sold as it is produced. Required: a. Compute cost of goods sold for November. b. What is the value of work-in-process inventory on November 30
Answer:
a. $47,975
b. $3,838
Explanation:
a. Cost of goods sold = Units transferred out * Cost per barrel
Cost per barrel
= (Material + Conversion costs) / Equivalent units produced
Equivalent units produced
= Units transferred = 11,400 - 1,900 = 9,500
EUP = Units transferred + Equivalent WIP
= 9,500 + (40% * 1,900)
= 10,260 units
Cost per barrel = (24,413 + 27,400 ) / 10,260
= $5.05
Cost of goods sold = 9,500 * 5.05
= $47,975
b. Value of Work in Process
= Work in process * Cost
= (40% * 1,900) * 5.05
= $3,838
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price $157
Units in beginning inventory 200
Units produced 7,900
Units sold 7,500
Units in ending inventory 600
Variable costs per unit:
Direct materials $47
Direct labor $45
Variable manufacturing overhead $7
Variable selling and administrative expense $5
Fixed costs:
Fixed manufacturing overhead $260,700
Fixed selling and administrative expense $120,000
Required:
What is the total period cost for the month under variable costing?
Answer:
$418,200
Explanation:
Period Costs under Variable Costing include (1) Fixed Manufacturing Overheads and (2) All Non-Manufacturing Expenses.
Calculation of Period Costs
Fixed manufacturing overhead $260,700
Fixed selling and administrative expense $120,000
Variable selling and administrative expense ($5 × 7,500) $37,500
Total Period Cost $418,200
discuss the negative impact of piracy on business
Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock uses straight-line amortization for bond premium or discount. Prepare entries to record issuance of bonds, payment of interest, amortization of premium, and redemption at maturity. Instructions Prepare the journal entries to record the following. a. The issuance of the bonds. b. The accrual of interest and the premium amortization on December 31, 2020. c. The payment of interest on January 1, 2021. d. The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Answer: Please find answers in explanation column.
Explanation:
a. Journal to record The issuance of the bond
Date Account Titles Debit Credit
Jan. 1 Cash $618,000
9% Bonds payable $600,000
Premium on Bonds payable $18,000
Calculation
Cash = 600,000 x 103% =$618,000
b. The accrual of interest and the premium amortization on December 31, 2020
Date Account Titles Debit Credit
Dec. 31 Interest expense $53,100
Premium on Bonds payable $900
Interest payable $54,000
Calculation
Interest = 600,000 x 9% = $54,000
Premium on bonds = 18,000 /20 = $900
Interest expense=$54,000- $900=$53,100
c.Journal to record The payment of interest on January 1, 2021. Date Account Titles Debit Credit
Jan. 1 Interest payable 54000
Cash 54000
d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Date Account Titles and Explanation Debit Credit
Jan. 1, 2 Bonds payable $600,000
Cash $600,000
Brian should use the
sign while searching for the phrase.
Answer:
I dont understand the question ? Rephrase ?
Explanation:
1. What is an organization?
Answer please
You are teaching a lesson on how to stay informed about your finances and protect yourself from identity theft. What is the BEST piece of advice you would give?
A.Examine your financial accounts once a month for fraudulent activity,
B.Avoid checking your credit report often because it will lower your credit score.
C.Only have your Social Security number visible on personal documents such as checks
D.Use cash for all of your transactions so that no personal information is accessible to others
Answer:
Option A
Explanation:
The best piece of advice you could possibly give to protect oneself from identify theft is to always "examine your financial accounts once a month for fraudulent activity" or option A. Fraudulent activity as in purchases you made, that you didn't know you made, which pretty much confirms that your identity was stolen speaking how the first thing a identify thief will do once they get someone's personal information is to spend their money. Looking over your financial accounts at least once a month will ensure that no one else is spending your money or has your personal information.
Hope this helps.
Suppose that the nearby campers impose a cost of $500 on you and your roommate. If they had to move to a campsite where they could make as much noise as they wished, they would incur a cost of $200. Think of this as the cost of having to physically pack up their stuff and hike to another site. If they stayed and had to be quiet and not disturb you, they would incur a cost of $300. The park rules specify that whoever arrived first has a right to an undisturbed camping spot. Which of the following outcomes would be consistent with the Coase theorem?
a. You would pay them $250 to move.
b. They would pay you $180 to stay where they are.
c. They would move, as the cost to keep quiet would be more than the cost to move.
d. They would pay you $600 to stay where they are.
Answer:
C: They would move, as the cost to keep quiet would be more than the cost to move.
Explanation:
Because you hold the property rights, you have the right to an undisturbed campsite. Therefore, there are three possibilities: they can move; they can stay but have to remain quiet; or they can stay, make as much noise as they wish, but have to compensate you for the costs they impose on you. We can eliminate the last solution easily, as paying you $180 would not be enough to compensate you for the $500 cost they would impose on you, and $600 would be more than it would cost them to move or stay and be quiet. Therefore, they either have to move, or they have to stay and be quiet. If they move, they will incur a cost of $200. If they stay and be quiet, they will incur a cost of $300. Therefore, they will move to a different campsite, and you will get your peace and quiet back.
C: They would proceed, as the cost to keep quiet would be more additional than the cost to proceed.
What are the Property Rights?
You can maintain the property rights, you have the right to undisturbed grounds.
Thus, there are three possibilities: they can move; they can stay but have to stay quiet; or they can remain, make as much bluster as they wish, but have to compensate you for the costs then impose on you.
We can eradicate the last solution easily, as paying you $180 would not be enough to compensate you for the $500 cost they would charge you, and $600 would be better than it would cost them to transfer or stay and be quiet.
Thus, they either have to move, or they have to stay and be silent. When they move, they will incur a cost of $200.
If they remain and also be quiet, they will incur a cost of $300.
Hence, they will move to a further campsite, and also you will get your relaxation and also quiet back.
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Why was Sony willing to raise the price of its Playstation 3 over Playstation 2, causing a lower number of sales
The reason why Sony raised their prices on the Playstation 3 was because c. Although consoles were significantly more expensive than traditional videogame consoles, Sony was willing to concede some ground in the PlayStation battle to win the Blu-ray war.
Why was this the case?At the time, Blu-Rays were still gaining popularity and Sony wanted to tap into that popularity to become a market leader.
The Playstation 3 was Blu-ray equipped so Sony raised prices on it because they knew that they would make back profits when more people started buying blu-ray.
In conclusion, option C is correct.
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XYZ covered the following employees under its qualified plan. Rob, a 4% owner and employee with compensation of $32,000. Robin, Rob's cousin, a commissioned salesperson with compensation of $195,000 last year (the highest paid employee). Robin owns 2% of the company stock. Randy, the chief operating officer, who had compensation of $160,000 last year, but was not in the top 20% of paid employees. Assuming the company made the 20% election when determining who is highly compensated, which of the following statements is correct? a. Randy is a key employee, but not a highly compensated employee. b. Robin is a key employee, but Rob is not. c. Neither Rob, Robin, or Randy are highly compensated employees or key employees. d. Rob and Robin are both key employees.
Answer:
b. Robin is a key employee, but Rob is not.
Explanation:
The IRS defines key employees as anyone that meets at least one of the following during 2020:
owns 5% f the company that sponsors the qualified plan.owns 1% of the company that sponsors the qualified plan and has a salary of at least $150,000 per year. An employee that makes at least $185,000 per year.A highly compensated employee is anyone that:
owns 5% of the company that sponsors the qualified plan.makes at least $130,000 per year.**In this case, Randy is not considered a highly compensated employee (HCE) because the company only considers employees earning salaries in the top 20% to be so.
Sandler Industries manufactures plastic bottles for the food industry. On average, Sandler pays $70 per ton for its plastics. Sandler's waste-disposal company has increased its waste disposal-charge to $57 per ton for solid and inert waste. Sandler generates a total of 500 tons of waste per month. Sandler's managers have been evaluating the production processes for areas to cut waste. In the process of making plastic bottles, a certain amount of machine "drool" occurs. Machine drool is the excess plastic that drips off the machine between molds. In the past, Sandler has discarded the machine drool. In an average month, 190 tons of machine drool is generated. Management has arrived at three possible courses of action for the machine drool issue
Required:
What is the annual cost of the machine drool currently?
Based on the amount of drool generated, the cost of the plastics, and the disposal cost, the annual cost of the machine drool is $289,560.
What is the annual cost of the machine drool?This can be found as:
= Material cost of machine drool - Disposal cost
Material cost = (Machine drool generated per month x Number of months in year x Cost of each ton of drool)
Disposal cost = (Machine drool generated per month x Number of months x disposal charge)
Solving gives:
= (190 x 12 x 70) + (190 x 12 x 57)
= 159,600 + 129,960
= $289,560
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Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.
a. After a long search, Jon finds a job.
b. Tyrion, a full-time college student, graduates and is immediately employed.
c. After an unsuccessful job search, Arya gives up looking and retires.
d. Daenerys quits her job to become a stay-at-home mom.
e. Sansa has a birthday, becomes an adult, but has no interest in working.
f. Jaime has a birthday, becomes an adult, and starts looking for a job.
g. Cersei dies while enjoying retirement.
h. Jorah dies working long hours at the office.
Answer:
Explanation:
a)After a long search, Jon finds a job.
There is decrease in unemployment rate ,there is zero effect on labor-force participation rate
Hint: he is now among the labour force, immediately he found the job
b. Tyrion, a full-time college student, graduates and is immediately employed.
✓the unemployment rate decreases ,
labor-force participation rate also increases as result of increase in number of the labor-force participation in which Tyrion is now part of them.
c. After an unsuccessful job search, Arya gives up looking and retires.
d. Daenerys quits her job to become a stay-at-home mom.
e. Sansa has a birthday, becomes an adult, but has no interest in working.
f. Jaime has a birthday, becomes an adult, and starts looking for a job.
g. Cersei dies while enjoying retirement.
h. Jorah dies working long hours at the office.
(Issuance of Bands with Detachable Warrants) On september 1, 2017, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sands Company bonds. Interest is payable on December 1 and June 1. Bond issue costs of $30,000 were incurred.Prepare in general journal format the entry to record the issuance of the bonds.
Answer:
September 1, 2017, bonds issued at a premium, + accrued interests, + stock warrants + issuance costs
Dr Cash 4,220,000
Dr Bond issuance costs 30,000
Cr Bonds payable 4,000,000
Cr Premium on bonds payable 136,000
Cr Additional paid in capital - stock warrants 24,000
Cr Interest payable 90,000
*Detachable warrants must be recorded separately than the bonds. They must be recorded as APIC stock warrants.
Explanation:
sales price of the bonds = $4,000,000 x 1.04 = $4,160,000
cost of the warrants = $3 x 2 warrants x 4,000 bonds = $24,000
premium on bonds payable = $4,160,000 - $4,000,000 - $24,000 = $136,000
bonds issuance costs (amortizable) = $30,000
accrued interests = $4,000,000 x 9% x 3/12 months = $90,000
total cash received = $4,160,000 + $90,000 - $30,000 = $4,220,000