You are happy to see that today's Productivity results relative to goal are trending positively overall; however, you want to focus on really improving one team over the next four hours of your shift. Based on examining the last three hours, which team should you focus on to most positively impact your area's overall results
Answers
Answer:
If I were to choose, I'd go for Team 4.
Explanation:
Team 1 is currently on an upward trend with the fastest improvement in their overall productivity moving from 92% to 103%, an 11.9% growth in 6 hours;Team 2 had a slight recession but by the end of the 6 hour period were almost back where they started at 104%, a 1.9% decline. Given that they are still back on an upward trend, I'd give them little or not energy as their 6-hour performance has been the most consistent overall;Team 3 started their performance at 95% and plummetted from then to about 90%, a regressed performance of about 5.3%Team 4 went from 103% to 91%, an 11.7% decline in performance.So given that team 4 has the potential to revert back to, at the very least the starting performance of 103%, and that they have the highest rate of decline in performance, I'd focus on them to improve the overall performance of teams.
Cheers!
Related Questions
For each of the following, indicate whether the idea is most closely associated with the first industrial revolution, the second industrial revolution, neither, or both. Mechanization The possibility of traveling from coast to coast in the US in under a week Feedback loops
1. First Industrial Revolution The internet
2. Second Industrial Revolution The flying shuttle
3. Neither The steam engine
4. Both Railroads Telegraph A technological (as opposed to political) revolution
Answers
Answer:
The possibility of traveling from coast to coast in the US in under a week ⇒ SECOND INDUSTRIAL REVOLUTIONFeedback loops ⇒ BOTHThe internet ⇒ NEITHERThe flying shuttle ⇒ NEITHERThe steam engine ⇒ FIRST INDUSTRIAL REVOLUTIONRailroads ⇒ BOTHTelegraph ⇒ SECOND INDUSTRIAL REVOLUTION A technological (as opposed to political) revolution ⇒ SECOND INDUSTRIAL REVOLUTIONExplanation:
The first industrial revolution took place between 1760-1830 (roughly) and its main characteristics were the industrialization of production processes using stream power.
The second industrial revolution took place between 1870-1914 (beginning of WWI). Production processes were enhanced as well as the production of steel. Even though some systems were invented much earlier, during the second industrial revolution they became "popular" and were adopted in many places and became common things, e.g. railroad networks, telegraph and telephone, water systems, sewage, electricity, and even pencils.
A company purchased $9,700 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $485 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:______.
a. $7,968.
b. $8,342.
c. $7,925.
d. $8,170.
e. $8,600.
Answers
Answer: answer is not in the option.
The cash paid on June 24 equals $8,939
Explanation:
Amount due to be paid = Cost of Goods purchased - Cost of goods returned on June 20
= 9,700 - 485
= $ 9,215
Discount 0f 3% in 10 days = amount due x Discount percentage
= 9,215 x 3% ( 0.03)
= $ 276.45
Payment to be made on June 24 = Cash amount due - Discount amount
= 9,215 - 276.45
= $ 8938.55 ≈$8,939
The demand curve for the product of a firm in a competitive market is ________, and the demand curve for the product of a monopolist is ________. Group of answer choices
Answers
Answer: Perfectly elastic; Downward sloping
Explanation:
The demand curve for the product of a firm in a competitive market is Perfectly elastic, and the demand curve for the product of a monopolist is Downward sloping.
The demand curve for products in a perfectly competitive market is a horizontal line indicating that it is perfectly elastic. The reason for this being that the demand curve is also the price that the market has decided to sell a product at and if any seller was to deviate from this price, their demand would drop.
In a Monopoly however, the demand curve to downward sloping to indicate that customers will demand more products if prices are lower. This is why monopolies usually have to reduce prices to make more revenue.
Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2015, at a total cash price of $820,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building, $492,900; land, $260,400; land improvements, $55,800; and four vehicles, $120,900. The company’s fiscal year ends on December 31. Required: 1.1 Prepare a table to allocate the lump-sum purchase price to the separate assets purchased. 1.2 Prepare the journal entry to record the purchase. 2. Compute the depreciation expense for year 2015 on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. (Round your answers to the nearest whole dollar.) 3. Compute the depreciation expense for year 2015 on the land improvements assuming a five-year life and double-declining-balance depreciation.
1.1
Prepare a table to allocate the lump-sum purchase price to the separate assets purchased.
1.2
Prepare the journal entry to record the purchase.
2. Compute the depreciation expense for year 2015 on the building using the straight-line method, assuming a 15-year life and a $32,000 salvage value. (Round your answers to the nearest whole dollar.)
3.
Compute the depreciation expense for year 2015 on the land improvements assuming a five-year life and double-declining-balance depreciation.
Answers
Answer:
1.1) asset FMV purchase price
building $492,900 $434,600
land $260,400 $229,600
land improvements $55,800 $49,200
four vehicles $120,900 $106,600
total $930,000 $820,000
1.2) January 1, 2015, assets purchased
Dr Building 434,600
Dr Land 229,600
Dr Land improvements 49,200
Dr Vehicles 106,600
Cr Cash 820,000
2) depreciation expense (building) for 2015 = ($434,600 - $32,000) / 15 = $26,840 per year
3) depreciation expense (land improvements) for 2015 = $49,200 x 2 x 1/5 = $19,680
Explanation:
total cash $820,000:
FMV building $492,900, ($492,900/$930,000) x $820,000 = $434,600
FMV land $260,400, ($260,400/$930,000) x $820,000 = $229,600
FMV land improvements $55,800, ($55,800/$930,000) x $820,000 = $49,200
FMV four vehicles $120,900, ($120,900/$930,000) x $820,000 = $106,600
total FMV = $930,000
The debt-to-equity ratio for your small business was 1.40 at the end of last year and 1.25 at the end of this year. Your debt-to-equity ratio is:_________
Answers
Answer:
The debt to equity ratio is 1.25
Explanation:
The computation of the debt to equity ratio is shown below:
Debt to equity ratio = Debt ÷ equity
Given that
Last year debt to equity ratio = 1.40
And, this year the debt to equity ratio = 1.25
Based on the above information, the debt to equity ratio is 1.25
As we can assume that the question ask for the current year so the debt to equity ratio is 1.25
It also shows the relationship between the debt and equity
The last four years of returns for a stock are as follows: Year 1 2 3 4 Return −4.5% 28.1% 12.2% 3.7% a. What is the average annual return? b. What is the variance of the stock's returns? c. What is the standard deviation of the stock's returns?
Answers
Answer:
a. What is the average annual return?
average annual return (mean) = (-4.5% + 28.1% + 12.2% + 3.7%) / 4 = 9.875%
b. What is the variance of the stock's returns?
variance = [(-4.5% - 9.875%)² + (28.1% - 9.875%)² + (12.2% - 9.875%)²) + (3.7% - 9.875%)²] / 4 = (206.64 + 332.15 + 5.41 + 38.13) / 4 = 582.33 / 4 = 145.5825
c. What is the standard deviation of the stock's returns?
standard deviation = √145.5825 = 12.06%
A correlation coefficient of zero indicates Question 38 options: a) there is no correlation and no risk reduction when the projects are combined. b) the projects have the same expected value. c) there is no correlation, but there is some risk reduction when the projects are combined. d) the projects have the same standard deviation.
Answers
Answer: c) there is no correlation, but there is some risk reduction when the projects are combined.
Explanation:
The correlation coefficient measures the relationship between the movement of two assets. If they are positively correlated, the assets will move in the same direction. If they are negatively correlated, the assets will move in opposite directions.
When the correlation is zero though then there will be no correlation. That does not mean that there will be no risk attached however because investing in both can still lead to a loss if both assets are affected by the same event.
The only riskless investment would be those that are perfectly negatively correlated because then you would be sure that when one makes a loss in one, a gain will definitely be made in the other.
The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using indirect approach for operating activities) as a(n):________.
A. Deduction from net income.
B. Addition to net income.
C. Financing activity.
D. Investing activity.
Answers
Answer:
Option A: deduction from net income
Explanation:
Bonds are usually known as loans and most times also as IOUs.
Most times, bonds when they are been sold at a discount or premium, the interest expense for that duration/ period will not be the same as it differ from the change in cash resulting from payment of interest expense.
And also, If premium is amortized, the interest expense that is been included in income determination is not that big like the interest paid or becoming payable in the period. Due to the cash outflow is larger than the deduction in arriving at net income, a deduction from net income is necessary to know cash provided by operating activities usually when using the indirect approach of presenting cash flows from operating activities.
Select the best description of the incentive for each of the following participants based on the current U.S. health care system.Consumers will ______________a. request the fewest treatments to save timeb. have no incentive to consume more or less medical carec. request as much treatment as possible to maximize healthcare benefitsProducers will _______________a. have no incentive to consume more or less medical careb. prescribe as much treatment as possible to increase profitc. prescribe fewer visits and procedures to save timeIntermediaries will ______________a. have no incentive to consume more or less medical careb. allow as few treatments as possible to maximize profitc. allow any treatment that might be possibly help a patient
Answers
Answer:
Select the best description of the incentive for each of the following participants based on the current U.S. health-care system:
Consumers will ______________
c. request as much treatment as possible to maximize healthcare benefits
Producers will _______________
b. prescribe as much treatment as possible to increase profit
Intermediaries will ______________
b. allow as few treatments as possible to maximize profit.
Explanation:
The current US healthcare system is acclaimed worldwide as very expensive. It is controlled by capitalistic tendencies where healthcare providers are more interested in maximising their profits rather than maximizing healthcare benefits. Since the US government does not provide health benefits to citizens or visitors, the costs for rendering healthcare are not being monitored and controlled. Unfortunately, to see your primary care provider (PCP), it may take several days before you are attended to after booking an appointment with the organization. The only rescue available these days is the technological innovation provided by telemedicine.
The practical definition of a marketing manager is one of a person focused entirely on finding enough customers to buy the company's current output.
Answers
Answer:False
Explanation:
Marketing managers are not entirely focused on just finding enough customers to buy a company's current output. They are to market the firm as a whole. Their purpose is to increase the brand awareness of the company such that they will attract more customers to purchase the goods that the company sells.
g Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs Supervision $94,440 Indirect labor $174,570 Depreciation 73,320 Indirect materials 75,900 Insurance 25,560 Repairs 53,130 Rent 21,120 Utilities 94,875 Property taxes 20,880 Lubricants 37,950 $235,320 $436,425 It is estimated that direct labor hours worked each month will range from 24,900 to 36,900 hours. During October, 24,900 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,870, Depreciation $6,110, Insurance $2,095, Rent $1,760, and Property taxes $1,740. Variable overhead costs: Indirect labor $12,544, Indirect materials, $4,500, Repairs $3,406, Utilities $6,545, and Lubricants $2,740. (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 4,000 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.)
Answers
Answer:
Explanation:
Given that :
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.
Fixed Overhead Costs Variable Overhead Costs
Supervision $94,440 Indirect labor $174,570
Depreciation 73,320 Indirect materials 75,900
Insurance 25,560 Repairs 53,130
Rent 21,120 Utilities 94,875
Property taxes 20,880 Lubricants 37,950
$235,320 $436,425
It is estimated that direct labor hours worked each month will range from 24,900 to 36,900 hours.
During October, 24,900 direct labor hours were worked and the following overhead costs were incurred.
Fixed overhead costs: Supervision $7,870, Depreciation $6,110, Insurance $2,095, Rent $1,760, and Property taxes $1,740.
Variable overhead costs: Indirect labor $12,544, Indirect materials, $4,500, Repairs $3,406, Utilities $6,545, and Lubricants $2,740.
The objective is to prepare a monthly manufacturing overhead flexible budget for each increment of 4,000 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.)
The monthly manufacturing overhead flexible budget can be computed as
follows:
Bumblebee Company
Packaging Department
Monthly manufacturing overhead Flexible
Budget For the year ended December 31,2017
Particulars Operating Capacity(Direct Labor Hours)
24900 28900 32900 36900
Variable Factory -
Overhead Costs :
Indirect labor 11454 13294 15134 16974
Indirect materials 4980 5780 6580 7380
Repairs 3486 4046 4606 5166
Utilities 6225 7225 8225 9225
Lubricants 2490 2890 3290 3690
Total Variable Factory-
Overhead Cost 28635 33235 37835 42435
Fixed Factory -
Overhead Cost :
Supervision 7870 7870 7870 7870
Depreciation 6110 6110 6110 6110
Insurance 2130 2130 2130 2130
Rent 1760 1760 1760 1760
Property Taxes 1740 1740 1740 1740
Total Fixed Factory -
Overhead Cost: 19610 19610 19610 19610
Total Factory -
Overhead Cost (A+B) 48245 52845 57445 62045
Which of the following accurately represents the "split cost" for analyzing the direct materials flexible budget variance?
A) Actual Quantity x Actual Price
B) Actual Quantity x Standard Price
C) Standard Quantity x Actual Price
D) Standard Quantity x Standard Price
E) None of the above
Answers
Answer: B. Actual Quantity x Standard Price
Explanation:
The split cost" for analyzing the direct materials flexible budget variance is represented by the actual quantity multiplied by the standard price.
It should be noted that the flexible budget variance is denoted as the difference that occurs between the results which are gotten through the model of the flexible budget and the actual results.
Tennill Incorporated has a $1,400,000 investment opportunity with the following characteristics: Sales $ 4,480,000 Contribution margin ratio 40% of sales Fixed expenses $ 1,657,600 The return on investment (ROI) for this year's investment opportunity considered alone is closest to:
Answers
Answer:
9.6%
Explanation:
Tennill incorporation has an investment of $1,400,000
Sales is $4,480,000
Fixed expenses is $1,657,600
The first step is to calculate the contribution margin ratio
= 40/100×4,480,000
= 0.4×4,480,000
= 1,792,000
The variable cost can be calculated as follows
=Sales-CM
= 4,480,000-1,792,000
= 2,688,000
Net profit = Sales-Fixed cost-Variable cost
= 4,480,000-(1,657,600+2,688,000)
= 4,480,000-4,345,600
= 134,400
Therefore the ROI can be calculated as follows
= Net profit/investment × 100
= 134,400/1,400,000 × 100
=0.096×100
= 9.6%
Hence the return on investment for this year's investment opportunity considered alone is closest to 9.6%
A bond pays annual interest. Its coupon rate is 8.5%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 5.5%. The duration of this bond is _______ years. Multiple Choice 4.00 3.39 3.58 3.17
Answers
Answer:
4.00
Explanation:
The duration of the bond is the length of time that it takes for the coupons and the price of bond to reach the value of the bond that is the bond maturity.
Palmer Company has $5,000,000 of 15-year maturity bonds outstanding. Each bond has a maturity value of $1,000, an annual coupon of 12.0%. The bonds can be called at any time with a premium of $50 per bond. If the bonds are called, the company must pay flotation costs of $10 per new refunding bond. Ignore tax considerations ⎯assume that the firm's tax rate is zero.The company's decision of whether to call the bonds depends critically on the current interest rate on newly issued bonds. What is the breakeven interest rate, the rate below which it would be profitable to call in the bonds?
Answers
Answer:
11.6%
Explanation:
the total cost of calling the bonds = ($50 + $10) x ($5,000,000 / $1,000) = $300,000
the bonds' coupon payment = $5,000,000 x 12% = $600,000
the company should call the bonds only if it is profitable, and the savings are equal or higher than the costs
cost of calling the bonds ≤ number of years x (coupon - rate) x total bonds
$300,000 = 15 x [$600,000 - (rate x $5,000,000)]
$300,000 / 15 = $600,000 - (rate x $5,000,000)
$20,000 = $600,000 - (rate x $5,000,000)
rate x $5,000,000 = $580,000
rate = $580,000 / $5,000,000 = 0.116 = 11.6%
Using CPM, when activity times are not known with certainty, we still can determine how long it will actually take to complete the project.A. TrueB. False
Answers
Answer: False
Explanation:
Corporate performance management (CPM) refers to the various methods including metrics, processes and systems that are used in the management of business performance.
When determining how long it will take to complete a project, CPM assumes that the Activity times estimated are known with certainty. If this is not the case then under CPM, we cannot determine how long it will actually take to complete a project.
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $52,900; total assets, $189,400; common stock, $89,000; and retained earnings, $37,429).
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales $449,600
Cost of goods sold 297,950
Gross profit 151,650
Operating expenses 98,800
Interest expense 4,000
Income before taxes 48,850
Income tax expense 19,679
Net income $29,171
CABOT CORPORATION
Balance Sheet December 31
Assets Liabilities and Equity
Cash $14,000 Accounts payable $17,500
Short-term investments 9,200 Accrued wages payable 4,000
Accounts receivable, net 32,600 Income taxes payable 4,700
Merchandise inventory 42,150 Long-term note payable, secured by
mortgage on plant assets 71,400
Prepaid expenses 2,950 Common stock 89,000
Plant assets, net 152,300 Retained earnings 66,600
Total assets $253,200 Total liabilities and equity $253,200
Required:
Compute the following:
1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity.
Answers
Answer:
1) current ratio = current assets / current liabilities = $100,900 / $26,200 = 3.85
(2) acid-test ratio = (current assets - inventory) / current liabilities = $58,750 / $26,200 = 2.24
(3) days' sales uncollected = (average accounts receivable / net credit sales) x 365 days = ($32,600 / $449,600) x 365 days = 26.47 days
(4) inventory turnover = COGS / average inventory = $297,950 / $47,525 = 6.27
(5) days' sales in inventory = (average inventory / COGS) x 365 = ($47,525 / $297,950) x 365 = 58.22 days
(6) debt-to-equity ratio = debt / equity = $97,600 / $155,600 = 0.63
(7) times interest earned = EBIT / interest expenses = $52,850 / $4,000 = 13.21
(8) profit margin ratio = net income / total sales = $29,171 / $449,600 = 6.49%
(9) total asset turnover = net sales / average total assets = $449,600 / $221,600 = 2.03
(10) return on total assets = EBIT / average total assets = $52,850 / $221,600 = 23.85%
(11) return on common stockholders' equity = net income / average equity = $29,171 / $141,014.50 = 20.69%
Current year-end financial statements of Cabot Corporation follow :
1) Current ratio = Current Assets / Current Liabilities
Current Ratio = $100,900 / $26,200
Current Ratio= $ 3.85
(2) Acid Test Ratio = (Current Assets - Inventory) / Current Liabilities)
Acid Test Ratio = $58,750 / $26,200
Acid Test Ratio =$2.24
(3) Days' Sales Uncollected = (Average Accounts Receivable / Net Credit Sales) x 365 days
Days' Sales Uncollected = ($32,600 / $449,600) x 365 days
Day's Sales Uncollected = 26.47 days
(4) Inventory Turnover = COGS / Average Inventory
Inventory Turnover = $297,950 / $47,525
Inventory Turnover = $ 6.27
(5) Days' Sales in Inventory = (Average Inventory / COGS) x 365
Days' Sales Inventory = ($47,525 / $297,950) x 365
Days' Sales Inventory = 58.22 days
(6) Debt-to-Equity Ratio = Debt / Equity
Debt to Equity Ratio= $97,600 / $155,600
Debt to Equity Ratio = $ 0.63
(7) Times Interest Earned = EBIT / Interest Expenses
Times Interest Earned= $52,850 / $4,000
Times Interest Earned= $ 13.21
(8) Profit Margin Ratio = Net Income / Total Sales
Profit Margin Ratio = $29,171 / $449,600
Profit Margin Ratio= 6.49%
(9) Total Asset Turnover = Net Sales / Average Total Assets
Total Asset Turnover = $449,600 / $221,600
Total Asset Turnover= $ 2.03
(10) Return on Total Assets = EBIT / average total assets
Return on Total Assets = $52,850 / $221,600
Return on Total Assets = 23.85%
(11) Return on Common Stockholders' Equity = net income / average equity Return on Common Stockholders' Equity= $29,171 / $141,014.50
Return on Common Stockholders' Equity= 20.69%
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Which of the following is a condition that triggers the penalty for negligence or intentional disregard? 1) the taxpayer understates their tax by the larger of $5,000 or 10% of the correct tax. 2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment. 3)The taxpayer fails to pay the tax owed by the due date. 4) the taxpayer fails to file the return by the due date, and there is balance due.
Answers
Answer:
2) the taxpayer shows negligence or disregard of the rules or regulations, causing an underpayment.
Explanation:
When any taxpayer shows some negligence or if they disregard the rules and the regulations, causing an underpayment, then it leads to a penalty for the disregard or the negligence.
Also, when a taxpayer intentionally understates his or her tax by a larger of $5000 or a 10% of his / her correct tax, then it is an accuracy related penalty.
And, also the information related penalties which are levied for failure of taxpayer to pay the amount of tax owed by due date and also failure to filing the return by the due date.
Thus option (2) is correct.
tahir owns and operates a gym. In 2020, he purchased and placed the following new assets into service for his business: March 17, a $1,700 sound system; July 4, a $500 desk; September 2, a $2,000 computer. He did not opt out of bonus depreciation. What is the total 2020 depreciation for the desk
Answers
Answer:
$500
Explanation:
Since the Cost of the desk is $500
Also Tahir did not pt out for the bonus depreciation so in this case the 100% cost to be claimed as the bonus depreciation for the year 2020 with respect to the qualifying assets that are purchased in the year 2020
Hence, the total depreciation for the desk in the year is $500 and the same is to be considered
Real GDP refers to _____. rev: 04_09_2018 Multiple Choice GDP data that embodies changes in the price level but not changes in physical output GDP data that does not reflect changes in both physical output and the price level GDP data that has been adjusted for changes in the price level the value of the domestic output after adjustments have been made for environmental pollution and changes in the distribution of income
Answers
Answer: GDP data that has been adjusted for changes in the price level
Explanation:
Real GDP refers to the Nominal GDP adjusted for inflation. Nominal GDP calculates the value of final goods and services in the Economy by using the price levels of that year so if inflation has occurred, comparing it to previous years would be inaccurate.
The Real GDP would use the price levels of a base year to calculate the GDP of the current year so that the effect of inflation may be negated and the real growth of the economy can be seen.
A worker-machine chart determines whether worker and machine tasks are conducted effectively.
a) true
b) false
Answers
Answer: true
Explanation: A worker-machine chart is a chart that helps to determine if worker and machine time are used efficiently and also the amount of time lost due to forces beyond one's control and/or set aside for rest and relaxation (downtime). It also determine how many machines the operation can manage, to study the activities of workers involved and are good for identifying working and idle time for workers and machine. From these it can be deduced if worker and machine tasks are conducted effectively.
Wyly Inc. produces and sells a single product. The selling price of the product is $215.00 per unit and its variable cost is $66.65 per unit. The fixed expense is $405,099 per month. The break-even in monthly dollar sales is closest to:______.
a. $1,306,771.
b. $901,672.
c. $587,100.
d. $405,099.
Answers
Answer:
c. $587,100.
Explanation:
The computation of the break even sales in dollars is shown below:
Break Even Sales = Fixed Cost ÷ Contribution Margin Ratio
where,
Fixed cost is $405,099
And, the contribution margin ratio is
= (sales price - variable cost) ÷ sales price
= ($215 - $66.65) ÷ $215
= 69%
Now placing these above formulae to the given formula
= $405,099 ÷ 0.69
= $587,100
Hene, the correct option is c. $587,100
A student goes into Amazon to purchase a biology textbook that was published by McGraw-Hill Higher Education and then sold to Amazon through a book wholesaler. In this marketing channel, Amazon would best be classified as a
Answers
Answer:
Virtual retailer, is the right answer.
Explanation:
A virtual retailer is a correct answer because the supply chain includes that manufacturer manufacture the product and then the whole seller sells the product to the retailer. Here the same trend can be seen that the McGraw-Hill publish a book so this company is a manufacturer and the last step from where the consumer to buy the commodity is the amazon. So amazon is classified as a virtual retailer.
Sheridan Company sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $4400, and selling and administrative, $100. Fixed costs are: $18000 manufacturing overhead, and $24000 selling and administrative. There was no beginning inventory at 1/1/18. Production was 20 units per year in 2018–2020. Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020. Income under absorption costing for 2020 is
Answers
Answer:
Sheridan Company
Income Statement
For the year ended December 31, 202x
Sales revenue $170,400
Cost of goods sold ($129,600)
Gross profit $40,800
Period costs ($24,000)
Operating income $16,800
cost of goods manufactured 2019 (or 2020, it is the same)= (20 x $4,500) + $18,000 = $108,000 / 20 = $5,400 per unit
COGS 2020 = 24 x $5,400 = $129,600
sales revenue = 24 x $7,100 = $170,400
Minor Electric has received a special one-time order for 600 light fixtures (units) at $8 per unit. Minor currently produces and sells 3,000 units at $9.00 each. This level represents 75% of its capacity. Production costs for these units are $9.00 per unit, which includes $6.00 variable cost and $3.00 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $550 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. If Minor wishes to earn $850 on the special order, the size of the order would need to be:
Answers
Answer:
700 units
Explanation:
Calculation for the what the size of the order will be.
Using this formula
Unit to sell= Total additional fixed costs + desired profit / Contribution margin per unit=
Let plug in the formula
Units to sell=$550 + $850 / (8-6)
Units to sell= $1,400/2
Units to sell=700 units
Therefore the size of the order will be 700 units
McQuilkin and Copan adopt different positions toward capitalism and socialism. Which author is more favorable to free market capitalism
Answers
Answer:
Paul Copan
Explanation:
Dr. Robertson McQuilkin can be considered a very biblical man, and as such, would always favor socialism more than free market capitalism. His phrase "Capitalism is for freedom, socialism is for equality" and the fact that he believed in a strict following of the Bible, you make him a more socialist person.
Dr. Paul Copan is also a very religious man, but his views are less extreme than Dr. McQuilkin's. He is more pragmatic and argues in favor of religion from a more neutral or agnostic point of view. He even argues that religious beliefs and economics are not mutually exclusive.
Here is some pricing information for a pair of jeans from different countries. Country Price of a pair of jeans Actual Exchange Rate Israel 188 shekels 4.79 shekels/$ Indonesia 300,000 rupiah 9,430 rupiah/$ Mexico 530 pesos 13.3 pesos /$ For each country, compute the predicted exchange rate of the local currency per U.S. dollar. (Assume U.S. price of a pair of jean is $40). Which country (or countries) does the purchase power parity hold?
Answers
Answer:
Israel and Mexico
Explanation:
"A couple wants to invest for the college education of their 2 children, currently ages 1 and 3. They estimate they will need to start using the funds to pay for college in 15 years. The BEST recommendation is to invest in:"
Answers
Answer: b. 10 year treasury notes
Explanation:
All options listed are backed by the US Government so the couple will not have to worry about any of these options not paying them in time for their kids to go for college.
The best option would be the 10 year Treasury notes because the other options either mature way sooner than the 15 required years ( treasury bills mature in a year) or after the required 15 years ( 20 and 30 year treasury bonds).
When the 10 year note matures in 10 years, the proceeds if not enough, can be further invested in a 5 year note thereby ensuring that the payment for college will be received in 15 years.
Lerner had net income for 2016 of $104,000.Lerner had 32,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year.There were 5,000 shares of preferred stock outstanding all year.During 2016,Lerner declared and paid preferred dividends of $30,000.On December 31,2106,the market price of Lerner's common stock is $30 per share and the market price of its preferred stock is $57 per share.What is Lerner's price/earnings ratio? (Round the answer to two decimal places. )
A) 30.81
B) 11.54
C) 13.85
D) 16.22
Answers
Answer: D) 16.22
Explanation:
Price Earnings ratio = Market Value per share / Earnings per share
Earnings Per Share
[tex]\frac{Net Income - Preferred Dividend}{Average Common Stock} \\= \frac{104,000 - 30,000}{\frac{32,000 + 48,000}{2} } \\= \frac{74,000}{40,000} \\= 1.85[/tex]
Price Earnings ratio = Market Value per share / Earnings per share
= 30/1.85
= 16.22
produces class rings. Its best-selling model has a direct materials standard of grams of a special alloy per ring. This special alloy has a standard cost of per gram. In the past month, the company purchased grams of this alloy at a total cost of . A total of grams were used last month to produce rings. Read the requirementsLOADING.... Requirement 1. What is the actual cost per gram of the special alloy that purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $
Answers
Complete Question:
Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $65.40 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $567,240. A total of 8,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $
Answer:
Collegiate Rings
The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $65.20
Explanation:
Calculations:
Actual Cost per gram of special alloy = Total Actual Cost/Total Actual Quantity
= 567,240/8,700 grams
= $65.2
This value represents the cost of the special alloy per gram. It is obtained as calculated above. Price or cost per unit is always equal to the actual cost divided by the total quantity. The actual cost will be equal to the price charged by the supplier less any discounts or special allowances.