Answer:
C, i know things have been difficult, but were going to work together to turn things around.
Explanation:
just sounds the best
The correct answer is option D. The message to send out to the team before your first staff meeting should be, 'I’m new here, so I’m depending on all of you, who know your jobs better than I do, to make the best decisions for the good of the company.'
What is the message to send to your team before your first staff meeting?Before your first staff meeting, it is important that you send an appropriate message to the team. Abiding by the rules and regulations of formal writing, you must note that the message cannot be improper or rely heavily on contextual details as that would leave a wrong impression. Considering that it is your first meeting, it would be beneficial if you would specify how you are new to the team and how you plan to learn from those already established in the job. A degree of formal style with a pinch of communicative ease in your message is absolutely crucial to sending a good message to your team that they would highly appreciate.
Therefore, the message to send out to the team before your first staff meeting should be, 'I’m new here, so I’m depending on all of you, who know your jobs better than I do, to make the best decisions for the good of the company.'
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Several lawsuits were filed against General Motors as accidents and deaths were linked to the discovery that several of the company's automobiles had faulty ignition switches. This led to engines shutting off while individuals were driving, airbags not inflating, and power steering and brakes being disabled. Which of the following types of claims is this an example of?
a. Bankruptcy
b. Contract
c. Tort
d. Property
e. Debt collection
Answer:
Option C: Tort
Explanation:
Tort is simply defined as a breach of some obligation, thereby leading to harm or injury to someone. It is a civil wrong, such as negligence or libel.
Negligence or the act of failure to exercise a reasonable amount of care by companies in either doing or not doing something, resulting in harm or injury to another person can cause damages and harm. And with negligence on part of service provider in view or discovered, affected victims or people can sue under the torts law.
In cases regarding torts, a defendant is definitely and legally responsible for harm to the plaintiff that could have been reasonably noticed or anticipated that is foreseen, arising from the defendant's actions.
The nation of Cantania regularly experiences changes in its national budget situation. In some years, Cantania operates with a budget deficit, while in other years it experiences a budget surplus. Please classify each of the possible consequences into the appropriate category of the budget circumstance most likely to cause them.
Category:
a. Cantania experiences an increase in budget surplus
b. Cantania experiences an increase in budget deficit
1. Cantania's government increases its demand for financial capital.
2. Interest rates in Cantania rise.
3. The government Of Cantania stops borrowing frorn foreign nations
4. More funds are made available for private investment in physical capital
Budget Surplus refers to a situation where the government's income exceeds its expenditure.
Budget Deficit is when the government's expenditure exceeds its income.
Budget Surplus3. The government Of Cantania stops borrowing from foreign nations
The government would stop borrowing from foreign nations because they will have a surplus to fund what it is they need to fund without seeking excess capital.
4. More funds are made available for private investment in physical capital.
With the government in surplus, they will not need to borrow from the market which would leave enough funds for the private sector to borrow and invest in physical capital.
Budget Deficit.1. Cantania's government increases its demand for financial capital.
The government would demand more financial capital to enable it fund the deficit.
2. Interest rates in Cantania rise.
Interests rates will rise as the government borrows funds because they will borrow a significant amount which would reduce the supply of loanable funds thereby increasing rates.
Addison, a human resource intern, was given an assignment by her manager that meant she must obtain information from other departments to complete it, but some departments refused to share information with an intern. Addison was frustrated because she did not have the power to get the information she needed. In the context of this situation, Addison's manager made the mistake of
Explanation:
It is correct to say that Addison's manager made the mistake of delegating responsibility to an employee without adequate authority. In this case, the manager should acknowledge his mistake and formalize his request in the form of a signed memorandum so that the departments could provide the information he needed knowing that it had been requested by an authoritative employee, the trainee being only the transmitter of the information. manager's message.
People are often involved in different activities. In the context of this situation, Addison's manager made the mistake of delegating responsibility without adequate authority.
A person that has been given a particular role must make sure to finish or accomplishes the tasks given to him. When a tasks is not completed, it makes one to give explanations or excuses.
When Responsibility is without adequate authority, this can result to discontent and dissatisfaction among people..
When one delegate responsibility, do ensure that the person set is accountable and also empower them with the right measure of authority.
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Your sister is thinking about starting a new business. The company would require $425,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business?
Answer:
Net income = $133,875
Explanation:
The amount of net income that must be earned to proceed with the investment is that which produces a return on equity of 13.5%
Return on equity is the proportion of the equity investment that is earned as net income. It is computed as follows:
Return on equity (ROE) = net income /equity capital
Equity capital in this case is the same as the total asset value of 425,000 because the assets were financed entirely with common stock.
We substitute the values as follows:
13.5% = Net income/425,00
Cross multiply
Net income = 0.135 × 425,000 = $133,875
Net income = $133,875
Match the terms relating to the basic terminology and concepts of the time value of money.
a. A schedule or table that reports the amount of principal and the amount of interest that make up each payment made to repay a loan by the end of its regular term.
b. A loan in which the payments include interest as well as loan principal.
c. A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period.
d. A process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.
e. The name given to the amount to which a cash flow, or a series of cash flows, will grow over a given period of time when compounded at a given rate of interest.
f. A 6% return that you could have earned if you had made a particular investment.
g. A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs.
1. Discounting
2. Time value of money
3. Amortized loan
4. Ordinary annuity
5. Annual percentage rate
6. Annuity due
7. Perpetuity
8. Future value
Answer:
a. Amortization schedule.
b. Amortized loan.
c. Annual percentage rate.
d. Discounting.
e. Future value.
f. Opportunity Cost of Funds.
g. Time value of money.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Some of the terms relating to the basic terminology and concepts of the time value of money includes;
a. Amortization schedule: A schedule or table that reports the amount of principal and the amount of interest that make up each payment made to repay a loan by the end of its regular term.
b. Amortized loan: A loan in which the payments include interest as well as loan principal.
c. Annual percentage rate: A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period.
d. Discounting: A process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.
e. Future value: The name given to the amount to which a cash flow, or a series of cash flows, will grow over a given period of time when compounded at a given rate of interest.
f. Opportunity Cost of Funds: A 6% return that you could have earned if you had made a particular investment.
g. Time value of money: A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs.
Match each term with its definition.
a. accelerated depreciation method
b. amortization
c. book value
d. boot
e. capital expenditures
f. capital leases
g. copyright
h. declining-balance method
i. depletion
j. depreciation
k. fixed assets
l. goodwill
1. Long-term or relatively permanent tangible assets that are used in the normal business operations.
2. The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.
3. The estimated value of a fixed asset at the end of its useful life.
4. A method of depreciation that provides tor equal peri0dic depreciation expense over the estimated life of a fixed asset.
5. A method of depreciation that provides tor depreciation expense based on the expected productive capacity Of a fixed asset.
6. A method of depreciation that provides periodic depreciation expense based on the declining
book value of a fixed asset over its estimated life.
7. The cost of a fixed asset minus accumulated depreciation on the asset.
8. A depreciation method that provides for a higher depreciation amount in the first year of the assets use, t0110wed by a gradually declining amount of depreciation.
9. The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed assets useful lite.
10. Costs that benefit only the current period or costs incurred for normal maintenance and repairs
Answer:
Definition Item
1. fixed assets
2. depreciation
3. amortization
4. copyright
5. depletion
6. declining-balance method
7. book value
8. accelerated depreciation method
9. capital expenditures
10. boot
Explanation:
The Definition has been matched to the items as above.
Which of the following is NOT correct about causal regression analysis of the form Y = f(X)? A. Selection of the appropriate causal variable Y is important. B. All of the options are correct. C. Selection of the appropriate causal variable X is important. D. Use of past experience to identify X is common. E. Use of economic theory to identify X is common.
Answer:
A. Selection of the appropriate causal variable Y is important
Explanation:
We have this function, Y = f(X).
From this function we can see that Y is dependent on X. That is, it is a function of X. Y is not a causal variable. A causal variable is a variable that is able to influence the variable of interest. From this question Y is the variable of interest. It is the dependent variable. The independent variable is X and it is the causal variable.
Therefore the incorrect one is Selection of the appropriate causal variable Y is important
The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the: demand curve for electric and hybrid autos will shift rightward. demand curve for electric and hybrid autos will shift leftward. supply curve for electric and hybrid autos will shift rightward. supply curve for electric and hybrid autos will shift leftward.
Answer:
supply curve for electric and hybrid autos will shift rightward.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
In this scenario, the battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the supply curve for electric and hybrid autos will shift rightward i.e it would increase.
In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price).
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions: Restin, Inc. Los Angeles Division Bay Area Division Central Valley Division Revenues $ 750,000 $ 200,000 $ 235,000 $ 325,000 Variable operating expenses 410,000 110,000 120,000 180,000 Controllable fixed expenses 210,000 65,000 75,000 70,000 Noncontrollable fixed expenses 60,000 15,000 20,000 25,000 In addition, the company incurred common fixed costs of $18,000. Assume that the Los Angeles division increases its promotion expense, a controllable fixed cost, by $10,000. As a result, revenues increased by $50,000. If variable expenses are tied directly to revenues, the new Los Angeles segment profit margin is:
Answer:
$112,500
Explanation:
With regards to the above information, we would compute first the Los Angeles division revenue.
Contribution margin
= Loss Angeles division revenues - Variable operating expenses
Los Angeles division revenues
= $200,000 + $50,000
= $250,000
Variable operating expenses
= ($110,000 × $250,000) / $200,000
= $137,500
Therefore,
Contribution margin
= $250,000 - $137,500
= $112,500
It means that if variable expenses are tied directly to revenues, the new Los Angeles profit margin would be $112,500
Sean and Yvette Durand live in Swarthmore, PA. Yvette's father, Bob, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a. Yvette's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
b. Sean buys a sweater made in Guatemala.
c. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
d. Sean's employer upgrades all of its computer systems using U.S.-made parts.
e. Yvette gets a new refrigerator made in the United States.
Answer:
Any help
Explanation:
I need acndndndndndndmdndbdbzjdjdbdbddjwbbsbxbxbxbxbdhdbdb
watch the video " the best stats youve ever seen " then answer the questions.
Answer:
the evonimy did thi sna s ithat
Explanation:
The marketing decision and research problem should be defined clearly so that a. communication between the researcher and the decision maker can be reduced. b. research can be designed properly. c. the researcher knows what results to come up with. d. the decision maker understands the decision to be made. e. all of the above.
Answer:
b. research can be designed properly.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
The marketing decision and research problem should be defined clearly so that the research can be designed properly. Some of the factors to be considered in the design of a market research are;
I. Corporate culture.
II. The environment of the decision maker.
III. The decision maker's objectives.
Pension data for Millington Enterprises include the following: ($ in millions) Discount rate, 10% Projected benefit obligation, January 1 $ 350 Projected benefit obligation, December 31 540 Accumulated benefit obligation, January 1 375 Accumulated benefit obligation, December 31 490 Cash contributions to pension fund, December 31 225 Benefit payments to retirees, December 31 69 Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.Service cost?JDS Foods’ projected benefit obligation, accumulated benefit obligation, and plan assets were $80 million, $70 million, and $56 million, respectively, at the end of the year.What, if any, pension liability must be reported in the balance sheet?What would JDS report if the plan assets were $100 million instead?
Answer:
1. Service cost $294 million
2. Net Pension Liabiltiy $24 million
Net pension Assets $20 million
Explanation:
1. Calculation to determine the service cost component of pension expense for the year ended December 31
SERVICE COST ($ in millions)
Projected benefit obligation, December 31 540
Less Projected benefit obligation, January 1 ($350)
Less Interest Cost ($35)
(10%*$350)
Add Benefit payments to retirees, December 31 $69
Service cost $294
($540 - $350 - $35 + $69)
Therefore the service cost component of pension expense for the year ended December 31 will be $294
2. Calculation to determine pension liability that must be reported in the balance sheet using this formula
Pension Liabiltiy=Projected benefit obligation-Plan Assets
Let plug in the formula
Net Pension Liabiltiy=$80 million-$56 million
Pension Liabiltiy=$24 million
Therefore The pension liability that must be reported in the balance sheet will be $24 million
Calculation to determine What would JDS report if the plan assets were $100 million instead
Using this formula
Net pension Assets=Plan Assets-Projected benefit obligation
Let plug in the formula
Net pension Assets=$100 million instead-$80 million
Net pension Assets=$20 million
Therefore What would JDS report if the plan assets were $100 million instead is $20 million
Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due. B. short-term ability to fund the company's operating needs. C. long-term ability to generate cash to for plant capacity needs and to fuel growth. D. the company's ability to generate sufficient cash to repay debt when due.
Answer:
A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.
Explanation:
Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.
It is used as a measure of the financial health of the business.
A business with good solvency has a high probability of remaining in operation for the foreseeable future.
Stuart Corporation estimated its overhead costs would be $23,200 per month except for January when it pays the $153,540 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $176,740 ($153,540 + $23,200). The company expected to use 7,300 direct labor hours per month except during July, August, and September when the company expected 9,400 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company’s actual direct labor hours were the same as the estimated hours. The company made 3,650 units of product in each month except July, August, and September, in which it produced 4,700 units each month. Direct labor costs were $23.60 per unit, and direct materials costs were $10.80 per unit.
Required:
a. Calculate a predetermined overhead rate based on direct labor hours.
b. Determine the total allocated overhead cost for January, March, and August.
c. Determine the cost per unit of product for January, March, and August.
d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $21.50 per unit.
Answer:
Results are below.
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
First, we need to calculate the annual estimated overhead and the annual estimated direct labor hours:
Total estimated overhead costs for the period= (23,200*12) + 153,540
Total estimated overhead costs for the period= $431,940
Total direct labor hours= (7,300*9) + (9,400*3)= 93,900
Predetermined manufacturing overhead rate= 431,940 / 93,900
Predetermined manufacturing overhead rate= $4.6 per direct labor hour
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
January:
Allocated MOH= 4.6*7,300= $33,580
March:
Allocated MOH= 4.6*7,300= $33,580
August:
Allocated MOH= 4.6*9,400= $43,240
Now, we can calculate the unitary cost:
January:
Unitary cost= (33,580/3,650) + 23.6 + 10.8
Unitary cost=$43.6
March:
Unitary cost= (33,580/3,650) + 23.6 + 10.8
Unitary cost=$43.6
August:
Unitary cost= (43,240/4,700) + 23.6 + 10.8
Unitary cost=$43.6
Finally, the selling price per unit:
Selling price= 43.6 + 21.5
Selling price= $65.1
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2022 2021 Accounts receivable (gross) $ 3,740 $ 4,610 Accounts receivable (net) 3,400 4,350 Allowance for doubtful accounts 340 260 Sales revenue 33,325 35,825 Total current assets 7,170 7,292 Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover enter the accounts receivable turnover in times rounded to 1 decimal place times The average collection period for 2022
Answer:
Accounts Receivable Turnover 8.6 times
Average collections period 42.44 days
Explanation:
A. Calculation to determine the average collection period for 2022 using this formula
Accounts Receivable Turnover = Sales/Average accounts receivables
Let plug in the formula
Accounts Receivable Turnover = 33,325 /[(3,400+4350)/2]
Accounts Receivable Turnover =33,325/(7,750/2)
Accounts Receivable Turnover =33,325/3875
Accounts Receivable Turnover = 8.6 times
Therefore the Accounts Receivable Turnover will be 8.6 times
B. Calculation to determine the Average collections period using this formula
Average collections period = 365/Accounts Receivable Turnover
Let plug in the formula
Average collections period= 365/8.6
Average collections period= 42.44 days
Therefore The Average collections period will be 42.44 days
“Bubbly Burst, the healthy fun chew.” This was the popular promotion for the leading chewing gum on the market. The parent company for the item, Confectionary Plus, had incorporated a variety of promotional tools to build brand awareness over the years. Besides its range of exotic flavors, the company boasted the reduced sugar content of its products. The company also often included in its ads that “sharp” persons consumed the gum when they needed a healthy boost. The ads were also tailored to appeal to kids with similar messages and was well distributed in schools and vending machines. After three years of such promotion, the product was now a regular staple in the lunch bag of kids as well as in the pockets of most adults.
The success was largely due to the leadership of Peter Hinds, CEO of Confectionary Plus. Hinds was the brainchild behind the marketing and advertising thrusts. Company shareholders were well pleased with his overall results. Behind the scenes though there was a lot going on in the company. While the product did indeed have a reduced sugar content, the artificial sweetener used in the gum had been found to have potentially carcinogenic properties. While there was no conclusive proof of the danger of the product, the company had not approved full evaluation of the ingredient. Besides the potential consumer impact of the sweetener, there were also concerns by Chief Food Technologist, Dr. Marie Mohit that the addition of the ingredient in the production process resulted in a chemical reaction which often affected the respiratory system of a number of workers.
These issues did reach the ears of Hinds who was quite worker oriented. He engaged Dr. Mohit to undertake research on the issue. Generally, workers were not aware of the potential harm. They simply assumed that the respiratory issues were largely due to the general prevalence of “savanna dust” in the environment. Mohit was reluctant to directly research the issue since she had recently discovered that she was pregnant and felt that the material could negatively affect her unborn fetus. She therefore preferred to contract an external party to undertake the research. However, Hinds was adamant that involving an external party would potentially make the issue public and create challenges for the company. For now, he proposed that the workers could be provided with some surgical masks but not be advised of the danger.
The decision of the CEO on the testing issue did not sit well with Mohit. She outright felt that she should not put herself in potential harm. For some time she considered her options and eventually determined that her best option would be to go above the CEO to the company Chairman, Mr. Dan Blake. Blake was often a visitor to various departments but never directly engaged staff on work activity. Nonetheless, he was seen as friendly and would pay compliments to staff as he passed by. Mohit decided that she would engage Blake one afternoon in the car park.
In raising the issue with Blake, she provided documentation on the situation and was confident of getting a positive result. Mohit was pleased when Blake indicated that he would seriously consider the comments and suggestions. However, when he indicated that her proposal may be better considered over an evening of dinner and drinks, she became appalled. Mohit indicated that she would be unable to acquiesce, to which Blake calmly advised that she may have to therefore be prepared to do her job. Mohit made another attempt the next week and received a similar reaction. This time, Blake reminded Mohit that she should consider that her contract was up for renewal later in the year and her lack of ‘social skills’ may be a determinant in the renewal. Mohit felt that she had exhausted her options and the company seemed to have no other mechanism to address the two challenges that were now before her.
As Mohit sat at her desk one evening, she received an email from a reporter at the Daily Protector, a major national newspaper. The reporter indicated that there was an interest in speaking to her on some product issues. On reading the email, she began to wonder whether this email was another option for her to have the issues addressed.
QUESTIONS
1. a) Based on the case, are there any potentially ‘harmful’ effects of the advertising done by ‘Bubbly’?
b) Discuss the subject of the harmful nature of advertising and include other examples from the media to support your response.
Illustration 2
The list of balance was extracted from the books of Dangme West District Assembly
December, 2018
GH.000
Bank
53.000
Petty cashier
2.000
Property rate
20.000
Penalties received-
-3,000
Licenses
22.500
Inventory
-15,000 P
Building and Structure
32,500
Basic rate
-12,400
Timber Merchants License
13.650
Fines
-9.700
Water rates
-4,500
Market fees
1,320
Sundry revenue
48.225
Work-In-Progress
48.500
Repairs to market facilities
3,600
Parks and recreational costs
7,500
Wages and Salaries
4.900
Remuneration to Assembly Members
11.250
Plant and Equipment purchased-
3,500
Interest on investment
2,780
Administration costs
7,770
Other recurrent expenditure
1.600
Trade earnings
6,000
Receipts from central government
45.780
Sundry expenses
-11,120
Investment - fixed deposits
+4.000
Staff and other advances--
-22.200
Creditors
-2.479
Loans given
35,460
208
5300vthe long-run framework.
the long-run framework.
the long-run framework.
the long-run framework.
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ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of materials, $2,000 of direct labor and $8,000 of manufacturing overhead allocated. Job 6 has $30,000 of materials, $2,000 of direct labor and $12,000 of manufacturing overhead allocated. The cost of goods sold for the month was $40,000 and there was no finished goods in stock as the month ended. If the manufacturing overhead was underallocated by $10,000, which of the following choices would be the correct way to prorate it based on ending balances before proration?
a. Job 6 should be allocated another $6,000 of cost
b. Job 5 should be allocated another $6,000 of cost
c. Cost of goods sold should be reduced by $4,000
d. Cost of goods sold should be increased by $4,000
Answer:
B. $6,150 of the underallocated manufacturing overhead should be allocated to work-in-process
Explanation:
Calculation to determine what would be the correct way to prorate it based on ending balances before proration
First step is to calculate the Balance of work in process before proration
Balance of work in process before proration= ($10,000 + $2,000 + $8,000) + ($30,000 + $2,000 + $12,000)
Balance of work in process before proration= $64,000
Now let calculate the Underallocated overhead to be allocated to WIP
Underallocated overhead to be allocated to WIP= $10,000 * $64,000 / ($64,000+$40,000)
Underallocated overhead to be allocated to WIP = $10,000 * $64,000 / $104,000
Underallocated overhead to be allocated to WIP = $6,150
Therefore Based on the above calculation what would be the correct way to prorate it based on ending balances before proration is that $6,150 of the underallocated manufacturing overhead should be allocated to work-in-process
watch the video " the best stats youve ever seen " then answer the questions.
Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Sheridan Co. sold merchandise on account to Stacey Inc. for $21,540, terms 4/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,540 to Sheridan Co. (c) On July 11, Stacey Inc. paid for the merchandise.
Answer:
A. Jul-01
Dr Stacey Inc. 21540
Cr Sales 2154
B. Jul-08
Dr Sales Returns 2540
Cr Stacey Inc A/c 2540
C. Jul-11
Dr Cash 18240
Dr Discount 760
Cr Stacey Inc 19000
Explanation:
Preparation of the journal entries to Record the transactions on the books of Sheridan Co
A. Jul-01
Dr Stacey Inc. 21540
Cr Sales 21540
(Being Goods sold to stacey inc )
B. Jul-08
Dr Sales Returns 2540
Cr Stacey Inc A/c 2540
(Being returned the merchandise)
C. Jul-11
Dr Cash 18240
Dr Discount 760
(4%*19,000)
Cr Stacey Inc 19000
($21,540-2540)
(Being amount settled with in 10 days and discount given 4%)
the Hsu Manufacturing Company has two service departments: Maintenance and Accounting. The Maintenance Department's costs of $300,000 are allocated on the basis of machine hours. The Accounting Department's costs of $120,000 are allocated on the basis of the number of employees within a specific department. The direct departmental costs for A and B are $300,000 and $500,000, respectively. Maint Acctg A B Machine hours 480 20 2,300 200 Number of employees 2 2 8 4What is the Accounting Department's cost allocated to Department B using the direct method
Answer:
$34,286
Explanation:
Step 1
Total number of employees :
Maintenance 2
Department A 8
Department B 4
Total 14
Step 2
Allocation to Department B :
Department B = 4 / 14 x $120,000
= $34,286
Conclusion :
Accounting Department's cost allocated to Department B using the direct method is $34,286
The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.
Assets Cash and short-term investments $40,000
Accounts receivable (net) 30,000
Inventory 25,000
Property, plant and equipment 215,000
Total Assets $310,000
Liabilities and Stockholders' Equity Current liabilities $60,000
Long-term liabilities 95,000
Common stock 80,000
Retained earnings 75,000
Total liabilities and stockholders' equity $310,000
Income Statement Sales $90,000
Cost of goods sold 45,000
Gross margin $45,000
Operating expenses 20,000
Net income $25,000
Number of shares of common stock 6,000
Market price of common stock $40
Dividends per share $1.00
Cash provided by operations $40,000
What is the rate earned on total assets for this company?
a. 8.1%
b. 6.8%
c. 10.5%
d. 16.1%
Answer:
a. 8.1%
Explanation:
Calculation to determine the rate earned on total assets for this company
Using this formula
Rate earned on total assets=Net income /Total Assets
Let plug in the formula
Rate earned on total assets=$25,000/$310,000
Rate earned on total assets=0.0806*100
Rate earned on total assets=8.06%
Rate earned on total assets=8.1% (Approximately)
Therefore the rate earned on total assets for this company will be 8.1%
Red Oak Inc., a furniture manufacturing company, manufactures furniture only when an order is received. It coordinates and integrates the activities of its suppliers, designers, and carpenters to ensure an efficient production cycle. This enables Red Oak Inc. to deliver the products to customers within five working days. This is an example of _______ management.
Answer:
Supply Chain
Explanation:
Supply chain management can be regarded as management of processes involving transformation of goods and services from raw materials into final desired products as well as their flow. Supply chain management deals with active streamlining of business activities of supply-side so that customers values can be maximized and competitive advantage can be gained in market
During 2017, Grambling Company purchased 10,000 shares of Southern Corp. common stock for $215,000 as a passive interest investment. The fair value of these shares was $289,000 at December 31, 2017. During 2018, Grambling sold all of the Southern stock for $226,000. Grambling Company should report a realized gain on the sale of stock in 2018 of:______.A. $25,000.
B. $26,000.
C. $11,000.
D. $37,000.
Answer:
C. $11,000
Explanation:
Calculation to determine what Grambling Company should report as a realized gain on the sale of stock in 2018
Using this formula
2018 Realized gain on the sale of stock =Selling price-Cost of securities
Let plug in the formula
2018 Realized gain on the sale of stock=
$226,000 -$215,000
2018 Realized gain on the sale of stock=$11,000
Therefore Grambling Company should report a realized gain on the sale of stock in 2018 of $11,000
Suppose that Cathy spends all of her income on 20 units of good X and 25 units of good Y. Cathy's marginal utility from the 20th unit of good X is 9 utils, and her marginal utility from the 25th unit of good Y is 19 utils. If the price of good X is $0.50 per unit and the price of good Y is $1.00 per unit, then to comply with the rational spending rule, Cathy should:
Answer: Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Explanation:
By the rational spending rule, the optimal bundle will be at a quantity where the following is satisfied:
MUx/ MUy = Px / Py
Marginal utility of X / Marginal Utility of Y = Price of X / Price of Y
MUx/ MUy = 9 / 19 = 0.47368
Px / Py = 0.5/1 = 0.5
There is a mismatch as Px/Py is greater than MUx/ MUy.
Marginal utility of X would have to increase and Marginal Utility of Y would have to decrease to get to the optimal bundle.
Marginal utility increases when consumption decreases and vice versa.
Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Social computing increases
Answer:
Yes it does. Yes it does.
Why is it risky for a bank to make a loan?
. $750. at 4.6% interest compounded annually for 48 months
Answer:
the ending balence would be about $1647.82 but if the question is asking the total compounded interest, it would be about $897.82
Explanation:
the formula for compound interest is
A = p ( 1 + [tex]\frac{r}{n}[/tex] )^ [tex]^{nt}[/tex]
p = $750
r = 4.6% --> 0.046 ( /100)
n = 1 (charged once a year)
t = 48 months --> 4 ( /12)
bedmas or pemdas
A = $750 ( 1 + 0.046 / 1 ) ^ 1 x 4
A = $750 ( 1 + 0.046 ) ^ 1 x 4
A = $750 ( 1.046 ) ^ 1 x 4
A = $750 x 1.17089821
A = $897.82 (rounded #)
$897.82 + $750 = $1647.82
the excessive use of simple sentences is preferable in academic writing?