Price Quantity Demanded Quantity Supplied $4 10 000 Tickets 8 000 Tickets $8 8 000 Tickets 8 000 Tickets $12 6 000 Tickets 8 000 Tickets $16 4 000 Tickets 8 000 Tickets $20 2 000 Tickets 8 000 Tickets a) Draw the demand and supply curves. What is unusual about this supply curve? What might this be true? b) What are the equilibrium price and quantity of tickets?​

Answers

Answer 1

Answer:

a) Draw the demand and supply curves. I have attached the supply and demand curves below

What is unusual about this supply curve? What might this be true? What is inusual is that the supply curve is vertical, which means that the supply for this market is perfectly inelastic. A perfectly inelastic supply occurs when supply does not respond to price, it stays at the same quantity regardless of price level and price changes.

b) What are the equilibrium price and quantity of tickets?​

The equilibrium price is $8 and the equilibrium quantity is 8 000 tickets. The reason is that at the price of $8 both the quantity supplied and demanded is equal to 8 000 tickets.

PriceQuantity DemandedQuantity Supplied $410 000 Tickets8 000 Tickets $88 000 Tickets8 000 Tickets $126

Related Questions

If a company has a quick ratio of 1.25 times, current assets of $25,000 and inventory of $5,000, the current liabilities balance is equal to sign and comma, as applicable) (round to the nearest dollar and include the dollar

Answers

Answer:

$16,000

Explanation:

Calculation to determine what the current liabilities balance is equal to

Using this formula

Quick Ratio = Current Assets - Inventory / Current Liabilities

Let plug in the formula

1.25 = ($25,000 - $5000) / Current Liabilities

1.25Current Liabilities = ($25,000 - $5000)

Current Liabilities = $20,000 / 1.25

Current Liabilities =$16,000

Therefore the current liabilities balance is equal to $16,000

A project has an initial cost of $89,800, a life of 7 years, and equal annual cash inflows. The required return is 8.2 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project?

Answers

8.2 percent (the answer)

Which of the following key factors, based on the case study, contributed to Euro Disney’s disappointing performance during its first year of operation? Group of answer choices lack of sufficient budget for marketing and promotional activities not enough training for personnel bad weather in the summer months SRC and a lack of understanding of the target market

Answers

Answer:

Lack of understanding of the target market.

Explanation:

Euro Disney's was not able to perform according their set targets. In the first year the performance of the Euro Disney was very poor because there was lack of understanding of target market, cultural issues between the two nations and their business approaches were completely different from each other.

identify the leadership style that Jack should apply in each statement below.​

Answers

Answer:

1.3.1 Charismatic leadership style

1.3.2 Transactional leadership style

1.3.3 Democratic leadership style

1.3.4 Laissez-faire leadership style

1.3.5 Autocratic leadership style

Stephenson Company is trying to decide which one of two contracts it will accept. The costs and revenues associated with each are listed below: Contract X Contract Z Contract Revenue $ 200,000 $ 260,000 Materials 10,000 10,000 Labor 88,000 120,000 Depreciation on Equipment 8,000 10,000 Cost Incurred for Consulting Advice 1,500 1,500 Allocated Portion of Overhead 5,000 3,000 The equipment was purchased last year and has no resale value. Which of these amounts is relevant for the selection of one contract over another?
a) Contract revenue and labor costs
b) Materials, consulting advice and allocated overhead
c) Cost of consulting advice and allocated overhead
d) Contract revenue, labor costs and depreciation on equipment

Answers

Answer:

Stephenson Company

The amounts that are relevant for the selection of one contract over another are:

a) Contract revenue and labor costs

Explanation:

a) Data and Calculations:

Contract X Contract Z

Contract Revenue                         $ 200,000 $ 260,000

Materials                                               10,000       10,000

Labor                                                    88,000    120,000

Depreciation on Equipment                 8,000       10,000

Cost Incurred for Consulting Advice    1,500         1,500

Allocated Portion of Overhead            5,000        3,000

b) The costs of materials and cost incurred for consulting advice, though variable, are equal in each contract.  They are not relevant in determining the contract to choose.  Contract revenue and labor costs are variable and not equal.  They are relevant in determining the contract to select.  They make a difference in the decision.  Depreciation and overhead costs represent sunk costs.  They are not relevant in the decision.

Edison's Lights makes light bulbs. The company is currently producing well below its full capacity. Lamp Land has approached Edison's Lights with an offer to buy 20,000 light bulbs at $0.75 each. Edison;s Lights sells its light bulbs wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If Edison's Lights were to accept Lamp Land's offer, what would be the increase in Edison's Lights' operating profits?

Answers

Answer:

the increase in Edison's Lights' operating profits would be  $400

Explanation:

Analysis of the effects of Accepting Lamp Land's offer

Sales (20,000 x $0.75)                                   $15,000

Less Incremental Costs :

Variable Cost (20,000 x $0.73)                     ($14,600)

Operating Profit                                                    $400

thus

If Edison's Lights were to accept Lamp Land's offer, the increase in Edison's Lights' operating profits would be  $400

Based on the various costs to make the light bulb, Edison's lights would see an increase in operating profits of $800.

How would Edison's Lights see this profit?

The fixed costs would be the same throughout production so should be deducted:
= Average cost - fixed cost

= 0.83 - 0.12

= $0.71

The variable cost of making the bulb is $0.71 which means that the profit made on every bulb if sold at $0.75 would be:

= 0.75 - 0.71

= $0.04

The total profit would be:

= 20,000 bulbs x 0.04

= $800

Find out more on operating profits at https://brainly.com/question/14366117.

The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000

Answers

Answer:

$141,000

Explanation:

Given the above information, the net cash flow is computed as shown below

= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable

= $150,000 + $28,000 - $16,000 - $21,000

= $141,000

Therefore, the net cash flow from operating activities using the indirect method is $141,000

The balance in the Prepaid Insurance account after the adjusting entries have been recorded represents the: A. cost of the insurance expired during the period B. value of the insurance prepayment that remains to benefit future periods C. cash paid for insurance of current and future periods D. amount owed for insurance at the end of the accounting period

Answers

Answer:

B.value of insurance prepayed

Your goal is to have $10,000 in your bank account by the end of twelve years. If the interest rate remains constant at 9% and you want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal

Answers

Answer:

Annual deposit= $496.51

Explanation:

Giving the following information:

Future value (FV)= $10,000

Interest rate (i)= 9%

Number of periods (n)= 12 years

To calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (10,000*0.09) / [(1.09^12) - 1]

A= $496.51

Triptych Food Corp. Income Statement For the Year Ending on December 31 (Millions of dollars) Year 2 Year 1 Net Sales 6,350 5,000 Operating costs except depreciation and amortization 1,120 1,040 Depreciation and amortization 318 200 Total Operating Costs 1,438 1,240 Operating Income (or EBIT) 4,912 3,760 Less: Interest 663 489 Earnings before taxes (EBT) 4,249 3,271 Less: Taxes (25%) 1,062 818 Net Income 3,187 2,453 Calculate the profitability ratios of Triptych Food Corp. in the following table. Convert all calculations to a percentage rounded to two decimal places.

Answers

Question Completion:

The following shows Triptych Food Corp.'s income statement for the last two years. The company had assets of $10,575 million in the first year and $16,916 million in the second year. Common equity was equal to $5,625 million in the first year, 100% of earnings were paid out as dividends in the first year, and the firm did not issue new shares in the second year.

Answer:

Triptych Food Corp.

The profitability ratios of Triptych Food Corp.

                                               Year 2        Year 1

Net profit margin                   50.19%       49.06%

Return on total assets           18.84%       23.20%

Return on common equity    36.17%        43.61%

Basic earning power            29.04%       35.56%

Explanation:

a) Data and Calculations:

Income Statement For the Year Ending on December 31 (Millions of dollars)                                     Year 2         Year 1

Net Sales                                $6,350        $5,000

Operating costs except

depreciation and amortization 1,120           1,040

Depreciation and amortization   318             200

Total Operating Costs             1,438           1,240

Operating Income (or EBIT)    4,912           3,760

Less: Interest                            663               489

Earnings before taxes (EBT) 4,249            3,271

Less: Taxes (25%)                  1,062               818

Net Income                           $3,187         $2,453

Total assets                        $16,916        $10,575

Common equity                   $8,812         $5,625

Profitability ratios and formulas:

Net profit margin    = Net Income/Sales * 100

Return on total assets = Net Income/Total assets * 100

Return on common equity  = Net Income/Common Equity * 100

Basic earning power = EBIT/Total assets * 100

                                                      Year 2           Year 1

Net profit margin                            50.19%       49.06%

                            =  ($3,187/$6,350 * 100)  ($2,453/$5,000 * 100)

Return on total assets                    18.84%        23.20%

                            =  ($3,187/$16,916 * 100)  ($2,453/$10,575 * 100)

Return on common equity             36.17%        43.61%

                            =  ($3,187/$8,812 * 100)  ($2,453/$5,625 * 100)

Basic earning power                     29.04%       35.56%

                            =  ($4,912/$16,916 * 100)  ($3,760/$10,575 * 100)

Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberger Corporation at a total cost of $15 per share on June 17, 2020. On September 3, Schuberger declared and paid a $120,000 dividend. On December 31, Schuberger reported net income of $512,000 for the year. (b) Wen Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker’s 112,000 outstanding shares of common stock at a cost of $18 per share on January 1, 2017. On May 15, Hunsaker declared and paid a cash dividend of $112,000. On December 31, Hunsaker reported net income of $212,000 for the year.

Required:
Prepare all necessary journal entries for 2017 for (a) Edelman and (b) Wen.

Answers

Answer:Please see explantion colmn for answers

Explanation:

A) Journal entry for Edelman

Date   Account Titles and explanation      Debit             Credit

June 17        Stock investment              $630,000

                      Cash                                                             $630,000

Calculation

Stock Investment  =420,000 x $15 x 10% =    $630,000

Date   Account Titles and explanation      Debit             Credit

Sept 3     Cash                                             $12,000  

               Dividend revenue                                                    $12,000

Calculation

Dividend revenue =$120,000  x 10%  =$12,000

Date   Account Titles and explanation      Debit                Credit

Dec 31        Stock investment              $51,200

                    Investment revenue                                      $51,200

 

Calculation

Investment Revenue =(512,000 x 10%) = 51,200

 

B) Journal entry for Wen

Date   Account Titles and explanation      Debit             Credit

Jan 1        Stock investment              $604,800

                      Cash                                                             $604,800

Calculation

Stock Investment  =112,000 x $18 x 30% =    $604,800

Date   Account Titles and explanation      Debit             Credit

May 15        Cash                               $33,600

                  Dividend revenue                                              $33,600

Calculation

Dividend revenue  =112,000 x 30% =    $33,600

Date   Account Titles and explanation      Debit             Credit

Dec 31        Stock investment              $63,600

                   Investment revenue                                               $63,600

Calculation

Stock Investment  =212,000 x 30% = $63,600

why do we send emails?​

Answers

Answer:

to communicate at hyper speed so the one being emailed to can know or execute the order for a cause

or so that companies can send free ads into your cumputer:(

Explanation:

Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not.

a. In a small town, there are two providers of broadband Internet access: a cable company and the phone company. The Internet access offered by both providers is of the same speed.
b. The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
c. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks.
d. In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.

Answers

Answer:

1. not a competitive market

2. not a competitive market

3. competitive market

4. not a perfectly competitive market

Explanation:

To answer this question, i will first start by explaining what a competitive market is and the assumption of a perfectly competitive market as well

A competitive market is a market that has many producers and buyers of a particular product. The producers are usually in a competition to meet up with the needs of the buyers.

some assumptions of the market:

large sellers/producersidentical or homogenous goodsfree entryno discriminationperfect knowledge

a. in this question this is not a competitive market. the reason is simple. It says that there are only two providers of internet. So there are no enough producers or sellers

b. The government has limited entry into this market by giving patent to only one pharmaceutical company.

c. yes this market is competitive since there are many producers of the product and the consumers regard the products as identical or homogenous. this meets with all of the assumptions of a perfectly competitive market.

d. the product here is not homogenous or identical as this is not a perfectly competitive market since buyers would prefer to buy the coffee that tastes better and leave that of the competitors

thank!

Monopoly in the competitive environment a. is enjoyed by few organizations as sole suppliers of a good or service. b. is typical of public utilities -- even more so now than twenty years ago. c. cannot be achieved temporarily even through the use of patents and similar legal devices. d. is the logical extension of a firm's control of its production and labor resources. e. is, all in all, the most common type of competition in the U.S. market.

Answers

Answer:

b

Explanation:

and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region  

Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.

In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses.

A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .

Answers

Answer

a. 178,200 units

Explanation:

Comple question "A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."

Calculation of Equivalent Unit (as per Weighted Method)  

                                                                Unit      % of Completion  Equ. Unit

Unit Completed & Transferred Out    168,000            100%            168,000

Closing WIP                                          15,000               68%             10,200

Total Equivalent Unit                                                                         178,200

Presented below are two independent situations:
(a) Edelman Inc. acquired 10% of the 412,000 shares of common stock of Schuberger Corporation at a total cost of $12 per share on June 17, 2017. On September 3, Schuberger declared and paid a $112,000 dividend. On December 31, Schuberger reported net income of $512,000 for the year.
(b) Wen Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker’s 112,000 outstanding shares of common stock at a cost of $18 per share on January 1, 2017. On May 15, Hunsaker declared and paid a cash dividend of $112,000. On December 31, Hunsaker reported net income of $212,000 for the year.
Prepare all necessary journal entries for 2017 for (a) Edelman and (b) Wen.

Answers

Answer:

a. Date    Accounts title                   Debit ($)       Credit ($)

June 17 Stock investment              494,400

                (412,000*$12*10%)

                     Cash                                                494,400

Sept.3      Cash                                  11,200

                ($112,000*10%)

                      Dividend revenue                          11,200

Dec. 31  Stock investments            51,200

                ($512,000*10%)

                       Investment revenue          51,200

b. Date Account title                     Debit ($) Credit ($)

Jan.1 Stock Investment              604,800

               (112,000*$18*30%)

                      Cash                                                 604,800

May 15 Cash                                    33,600

               ($112,000*30%)

                       Stock Investment                            33,600

Dec. 31    Stock investments              63,600

               ($212,000 *30%)

                       Investment revenue                         63,600

State and explain elements of organizational structure?

Answers

Answer:

Explanation:

Organizational structure could be explained as a connected workflow through which an organization is strategically setup to operate.

Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command

Job design : This element allows the definition of individual job role, the demands of each job position, duties, responsibilities and the key performance indicators.

Departmentation : Here, individual job roles which seems similar and have similar requirement are grouped into a certain defined category called department. Deparmentation may be ascribed based on task, job role, task force and so on.

Delegation : This involves process handling and management, each process and logical department has to be headed by a defined individual or group of persons.

Span of control : Definitions control and authority such that delegates know their limits and when to initiate their organizational power.

Chain of command : This is crucial as organizations aee arranged and operated hierarchically, the command line is defined such that it makes reporting easier.

At the fourth and final resource, one operator handles the product. No quality problems exist at this step and the processing time is 12 minutes per unit. For every unit of demand, how many units have to flow through the second step in the process

Answers

Answer:

2.25 units.

Explanation:

Processing time is 5 minutes per unit for step 1. The total capacity is 60 minutes then no. of units produced can be;

60 / 5 = 12 units per hour.

For second step processing time is 4 minutes per unit. There is 0.85 unit of product is scrapped. Then no. of units produced per hour can be ;

60 / 4 = 15 units per hour.

After scrap the net product units per hour will be;

15 units * [1 - 0.85] = 2.25 units per hour.

On January 1, 2019, XYZ Co. issued 2-year bonds with a face value of $10,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (Market Int.) 8%, at a selling price of $10,363. The interest expense recognized for the year 2019 is​

Answers

Answer:

Your answer is given below:

Explanation:

When bond is issued on yield to market at price of $10,179, interest is charged on outstanding amount of $10,179  of 9%.

So interest charged on June 30 is 9% for 6 months on $10,179

Interest expense=$10,179*9%*6/12

Interest expense for 6 months =$458

Cash paid for interest is however at stated interest rate of 10% on $10,000 for 6 months=$10,000*10%*6/12

Cash paid=$500

Difference of interest paid and interest expense is debited to bonds payable balance so bonds payable balance outstanding is reduced.

Bonds payable outstanding reduced=$500-$458

=$42

Bonds payable outstanding balance as on june 30=$10,179-$42

=$10,137

Now interest for last 6 months in 2019 is charged on $10,137 at 9%

Interest expense from June 30 to December 31=$10,137*9%*6/12

Interest expense=$456

Total interest expense for 2019=$456+458

=$914

So,total interest expense charged for 2019=$914

Enterprise mashup technology does not provide a mechanism to easily customize and share knowledge throughout the company.

a. True
b. False

Answers

I think it’s true hope this help
The answer is true. Hope it helped

Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in

a journal.

a) 01-02-2015 issued capital stock: $20,000

b) 01-30-2015 paid the monthly rent: $5,000

c) 02-02-2015 purchased supplies on account: $1,500

d) 02-10-2015 paid a creditor on account: $1,000

e) 03-03-2015 earned sales commissions: $25,000

f) 03-30-2015 paid automobile expenses for the month: $4,500

g) 03-30-2015 paid office salaries: $8,000

h) 03-31-2015 determined the cost of supplies used: $1,500

i) 03-31-2015 paid cash dividends: $1,500

Answers

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

     To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

      To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

       To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

     To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

       To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

     To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

      To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

    To supplies  $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

     To Cash $1,500

(being dividend paid is recorded)

If Fees Earned has been credited, it is most likely that:
A. a correcting entry for the overstatement of revenue was recorded. B. a customer paid in advance
C. services were provided.
D. the owner made an investment.​

Answers

Answer:

C. services were provided.

Explanation:

If Fees Earned has been credited, it is most likely that: "services were provided."

For fees to be earned it means something must have been done in exchange for the fee. Considering this is a business-related issue, then it is correct to conclude that "If Fees Earned has been credited, it is most likely that: services were provided."

Option A is not correct because the overstatement of revenue is not related to the fee warmed being credited.

Option B is not correct, because a payment made in advance does not correlate to a fee earned. Option D is not correct as well, because an investment has nothing to do with a few earned.

Do you think Hollywood and record companies have a right to alter or mandate changes to audio/video technology including TV's, TIVO, gaming consoles, DVR's, PC's, phones and IPODS, in order to insure or enforce copyright law?

Answers

Answer:

Yes

Explanation:

I think Hollywood and record companies have a right to mandate changes in order to insure or enforce copyright law.

This is because Copyright law sets out to protect ownership of an original creative work by preventing unauthorized usage of the work. The creative work can be in the form of ideas, artwork,  book or other forms of media. hence Hollywood and record companies have a right to enforce copyright laws by mandating changes to audio or video technology .

explain its pros and cons of three bin system

Answers

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3 advantages and disadvantages of using Bin cards

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ADVERTISEMENTS:

Advantages of Bin Cards :

(i) There would be less chances of mistakes being made as entries will be made at the same time as goods are received or issued by the person actually handling the materials.

(ii) Control over stock can be more effective, in as much as comparison of the actual quantity in hand at any time with the book balance is possible.

ADVERTISEMENTS:

(iii) Identification of the different items of materials is facilitated by reference to the Bin Card the bin or storage receptacle.

Disadvantages of Bin Cards :

(i) Store records are dispersed over a wide area.

(ii) The cards are liable to be smeared with dirt and grease because of proximity to material and also because of handling materials.

ADVERTISEMENTS:

(iii) People handling materials are not ordinarily suitable for the clerical work involved in writing Bin Cards.

please make my answer as a brainlist answer

Bedard Corporation reported net income of $445,050 in 2020 and had 198,000 shares of common stock outstanding throughout the year. Also outstanding all year were 45,000 options to purchase common stock at $12 per share. The average market price of the stock during the year was $15.

Required:
Compute diluted earnings per share.

Answers

Answer:

$2.35

Explanation:

Convertible option = Total options available - [Total options available*Purchase price per share / Average market price per share]

Convertible option = 45,000 - [45,000*12/15]

Convertible option = 45,000 - 36,000

Convertible option = 9,000 shares

Weighted average number of shares = Common stock outstanding - Convertible option

Weighted average number of shares = 198,000 - 9,000

Weighted average number of shares = 189,000

Diluted earnings per share = Net income attributable to common stockholders / Weighted average number of shares

Diluted earnings per share = $445,050 / 189,000 shares

Diluted earnings per share = $2.354761905

Diluted earnings per share = $2.35

Which medium when sending a negative employment message lets you control the message and avoid confrontation?


Face-to-face


Email


Phone


Social media

Answers

Answer:

En mi opinión personal sería cara a cara. Por qué así se puede expresar lo que uno quiere decir y en los otros no.

Explanation:

Espero ayudarte suerte

Padre holds 100 percent of the outstanding shares of Sonora. On January 1, 2013, Padre transferred equipment to Sonora for $112,000. The equipment had cost $147,000 originally but had a $57,000 book value and five-year remaining life at the date of transfer. Depreciation expense is computed according to the straight-line method with no salvage value.
Consolidated financial statements for 2015 currently are being prepared. What worksheet entries are needed in connection with the consolidation of this asset? Assume that the parent applies the partial equity method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
prepare journal entry TA
Prepare entry ED

Answers

Answer:

                          Journal Entry TA

Date   Account Titles                      Debit       Credit

           Retained Earnings             $33,000

           Equipment                          $35,000

           ($147,000 - $112000)

                  Accumulated Depreciation           $68,000

                  [(147000-57000)+(57000/5*2)-(112000/5*2)]

                          Journal Entry ED

Date   Account Titles                       Debit       Credit

          Accumulated Depreciation   $11000

          [(112000-57000)/5]

                  Depreciation expense                  $11,000

Morrison Company manufactures two products: digital cameras and video cameras. The company uses an activity-based costing system. The annual production and sales volume of digital cameras is 10,000 units and of video cameras is 8,000 units. Direct costs for the digital cameras are $122; for the video cameras, direct costs are $153.
For overhead costs, there are three activity cost pools with the following expected activities and estimated total costs:
Activity Cost Pool Estimated Cost Expected Activity Digital Cameras Expected Activity Video Cameras Total
Activity 1$30,000 100 500 600
Activity 2 $45,000 600 300 900
Activity 3 $96,600 400 2,000 2,400
Refer to Morrison Company. Using ABC, the total cost per digital camera is approximately:
Please show calculations!

Answers

Answer:

"$127.11 per unit" is the correct approach.

Explanation:

The activity cost as per the questions will be:

Activity 1:

= [tex]\frac{30,000}{600}[/tex]

= [tex]50[/tex] ($)

Activity 2:

= [tex]\frac{45000}{900}[/tex]

= [tex]50[/tex] ($)

Activity 3:

= [tex]\frac{96600}{2400}[/tex]

= [tex]40.25[/tex] ($)

Now,

The overhead cost for digital cameras will be:

= [tex](50\times 100)+(50\times 600)+(40.25\times 400)[/tex]

= [tex]5000+30000+16.100[/tex]

= [tex]51100[/tex] ($)

Per unit overhead cost will be:

= [tex]\frac{51100}{10000}[/tex]

= [tex]5.11[/tex] ($)

hence,

The total cost will be:

= [tex]Direct \ costs+Indirect \ costs[/tex]

= [tex]122+5.11[/tex]

= [tex]127.11 \ per \ unit[/tex] ($)

Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at a market price of $28 a share. Firm L has 500 shares outstanding at a price of $16 a share. The merger will create $600 of synergy. Firm K plans to offer a sufficient number of its shares to acquire Firm L at an acquisition cost of $8,200. How many total shares will be outstanding in the merged firm

Answers

Answer:

5,792 shares

Explanation:

Value of share of K = $28

Increase in value of share due to synergy = $600 / 5,500 shares

Increase in value of share due to synergy = $0.11

New share value = $28 + $0.11

New share value = $28.11

Number of shares to be issued = $8,200 / $28.11

Number of shares to be issued = 291.71

New shares of Firm K = 5,500 shares + 291.71 shares

New shares of Firm K =  5791.71 shares

New shares of Firm K =  5,792 shares

Which competitive strategy best utilizes Country Comfort's core competencies (which include a large and efficient network of obtaining and processing quality coffee beans)

Answers

Answer:

I don't know the answer to this

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