Answer:
d
Explanation:
because it is declined i think
A firm has 1,000 shareholders. Both you and Ms. Hostile are among them. Ms. Hostile owns 150 shares and is trying to fire the management, so management is offering to buy her out for a $10 a share premium. The current market price per share is $30. What will be the value of each of your shares if Ms. Hostile takes this offer?
Answer:
$28.24
Explanation:
Total value of the firm's equity = 1000 shares * $30
Total value of the firm's equity = $30,000
Amount paid to Ms. Hostile = 150 shares*($30+$10)
Amount paid to Ms. Hostile = 150 shares * $40
Amount paid to Ms. Hostile = $6,000
Value of equity after paying = Total value of the firm's equity - Amount paid to Ms. Hostile
Value of equity after paying = $30,000 - $6,000
Value of equity after paying = $24,000
No. of shares remaining = 1,000 shares - 150 shares
No. of shares remaining = 850 shares
Value of each share = Value of equity after paying/No. of shares remaining
Value of each share = $24,000 / 850 shares
Value of each share = $28.23529
Value of each share = $28.24
Skipper Company manufactures toy boats and uses an activitybased costing system. The following information is provided for the month of May: Activity Estimated Indirect Activity Costs Allocation Base Estimated Quantity of Allocation Base Materials handling Number of parts parts Assembling Number of parts parts Packaging Number of boats boats Each boat consists of four parts, and the direct materials cost per boat is . There is no direct labor. What is the total manufacturing cost per boat? (Round any intermediate calculations and your final answer to the nearest cent.)
Answer:
$ 22.97
Explanation:
Calculation for the total manufacturing cost per boat
First step is to Calculate the Activity rates
Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)
Materials handling Number of Part
$ 3,300÷ 3000 =$ 1.10 Per Part
Assembling Number of Part
$ 4,800÷3000 =$ 1.60 Per Part
Packaging Number of Boat
$ 6,000÷ 1300 =$ 4.62 Per Boat
Second step is to Calculate the Cost assigned to Boat
Activity name Activity Rates Activity ABC Cost
(A) (B) (A x B)
Materials handling
$ 1.10 × 4.00=$ 4.40
Assembling
$ 1.60 × 4.00 =$ 6.40
Packaging
$ 4.62 × 1.00 = $ 4.62
Total Overheads assigned per boat $ 15.42
($4.40+$6.40+$4.62)
Last step is to Calculate for the total manufacturing cost per boat
Boat
Direct material $ 7.55
Direct labor $0
Overheads $15.42
Total Cost per unit $ 22.97
($7.55+$15.42)
Therefore the total manufacturing cost per boat is $ 22.97
to beter take into account the differential impact of fixed and variable costs, marketing managers canuse ____ pricing
Answer:
target return pricing
Explanation:
Target return pricing is a pricing method that uses a very simple formula:
target price = [unit cost + (desired return x capital)] /unit salesThe price is based on the ROI that the company expects from a certain product (or project).
Even though this is a fairly simple method for pricing a good or service, it can also have serious negative consequences:
it doesn't take in account consumers' tastes or preferenceswhat happens if the expected ROI is too high, that could kill a project that could have been successful otherwisethe time frames are not always exact, e.g. you believed that a project would last 5 years, but due to a technological breakthrough it only lasts 4In order to successfully apply this type of pricing strategy, a company must be able to achieve or exceed their sales goals.
Which of the following statements regarding the photoelectric effect is FALSE? Group of answer choices If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected. If a photon has more energy than is necessary, the electrons will gain speed. The photoelectric effect leads to the conclusion that light comes in packets, which we call photons. Any photon with a frequency greater than the threshold frequency can kick an electron out of a surface atom.
Answer:
If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected.
Explanation:
Photoelectric effect refers to the emission of electrons from a clean metal surface when the surface is irradiated with light of appropriate frequency or wavelength.
The minimum frequency required for photoelectric effect to occur is called the threshold frequency. Below the threshold frequency, no photoelectron is emitted from the metal surface. The intensity of the photo electrons does not affect the kinetic energy of the emitted photo electrons
When electromagnetic radiation like light collides with a matter or a surface than the released electrons are called photoelectrons and the consequence is called the photoelectric effect.
The correct answer is:
Option A. If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected.
This can be explained as:
The least quantity of energy needed to stimulate and eject an electron is called threshold energy.Under this frequency, no electrons get discharged.The kinetic energy of the ejected photoelectrons is not influenced by the frequency of photoelectrons.Therefore, this statement is false. A specific amount of frequency is required for an electron to get emitted.
To learn more about the photoelectric effect follow the link:
https://brainly.com/question/9260704
Pharrell, Inc., has sales of $589,000, costs of $269,000, depreciation expense of $69,000, interest expense of $36,000, and a tax rate of 35 percent. The firm paid out $38,000 in cash dividends. What is the addition to retained earnings?
Answer:
$101,750
Explanation:
Pharell incorporation has a sales of $589,000
The cost is $269,000
The depreciation expense is $69,000
The interest expense is $36,000
The tax rate is 35 percent
The cash dividend paid out is $38,000
Therefore the additional retained earnings can be calculated as follows
= $589,000-$269,000-$69,000-$36,000
= $215,000
$215,000 × 35/100
$215,000 × 0.35
= $75,250
$215,000-$75,250-$38,000
= $101,750
Hence the additional retained earnings is $101,750
If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold
Answer:
the cost of goods sold is $1,500
Explanation:
The computation of the cost of goods sold is
= Opening inventory + purchase - ending inventory
= $0 + 200 × $12 - (200 × $12 - 75 × $20)
= $ + $2,400 - ($2,400 - $1,500)
= $2,400 - $900
= $1,500
hence, the cost of goods sold is $1,500
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The risk-free rate of return is 4%, the expected rate of return of the market is 10%, and High-Flyer stock has a beta coefficient of 1.4. If the dividend per share expected during the coming year, D1, is $4.00 and g = 6%, at what price should a share sell?
Answer:
$62.50
Explanation:
The computation of the price that a share sell is shown below:
The Required rate of return is
= Risk free rate + Beta × (Market rate of return - Risk free rate of return)
= 4% + 1.4 × (10%-4%)
= 12.4%
Now
Price of the share is
= expected dividend of next year ÷ (Required rate of return - Growth rate)
= D1 ÷ (ke - g)
= $4 ÷ (0.124 - 0.06)
= $62.50
In your own words define the political structure as presented by Bolman and Deal
and give an example of a political issue you found in the Wall Street Journal, cite
your example.
Answer:
According to Bolman and Deal, the organizational structure can be defined as the idea of the convergence of four aspects of institutional, human resources, political and symbolic aspects that function together.
Explanation:
The variance of a probability distribution is used to measure risk because a higher variance is associated with:_______
a. a wider spread of values around the mean.
b. a more compact distribution.
c. a lower expected value.
d. both a and b
e. all of the above
Answer:
The appropriate solution is Option a (a wider spread of values around the mean).
Explanation:
Probability distributions could be characterized for random or unknown variables that are continuous and even some discrete. Intuition became linked to the number of random variables samples' attributes. The probability distribution would have any probability P(x) among zero (0) and one (1) for ordinal variables as well as the total of all of the other probabilities become one.The many other suggestions made didn’t apply to the current case. Therefore the answer above would be correct.
Cycle Time and Velocity In the first quarter of operations, a manufacturing cell produced 85,000 stereo speakers, using 20,000 production hours. In the second quarter, the cycle time was 10 minutes per unit with the same number of production hours as were used in the first quarter. Required: 1. Compute the velocity (per hour) for the first quarter. If required, round your answer to two decimal places. fill in the blank 1 units per hour 2. Compute the cycle time for the first quarter (minutes per unit produced). If required, round your answer to two decimal places. fill in the blank 2 minutes per unit 3. How many units were produced in the second quarter
Answer:
1. Velocity per hour= 4.35 units per hour
2. Cycle time=0.24
3. Units produced= 120,000 units
Explanation:
1.Computation for the velocity (per hour) for the first quarter.
Velocity per hour=85,000 units / 20,000 hour
Velocity per hour= 4.35 units per hour
2.Compution for the cycle time for the Frst quarter
Cycle time =20,000 hour/85,000 units
Cycle time=0.24
3. Calculation for How many units were produced in the second quarter
Units produced =60 minutes / 10 minutes per units * 20,000 Hours
Units produced= 120,000 units
Crimson Inc. recorded credit sales of $797,000, of which $540,000 is not yet due, $170,000 is past due for up to 180 days, and $87,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc. expects it will not collect 2% of the amount not yet due, 16% of the amount past due for up to 180 days, and 27% of the amount past due for more than 180 days. The allowance account had a debit balance of $3,800 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account
Answer:
$65,290
Explanation:
The computation of the ending balance of the allowance account is shown below:-
Bad Debts for accounts receivable not yet due is
= $540,000 × 0.02
= $10,800
Bad Debts for accounts receivable due for up-to 180 days:
= $170,000 × 0.16
= $27,200
Bad Debts for accounts receivable due for more than 180 days:
= $87,000 × 0.27
= $23,490
Ending balance of Allowance account:
= $3,800 + $10,800 + $27,200 + $23,490
= $65,290
Benton Company manufactures a part for its production cycle. The costs per unit for 38,000 units of the part are as follows: Direct Materials $3.00/unit Direct Labor $5.00/unit Variable Factory Overhead $3.00/unit Fixed Factory Overhead $4.00/unit Total Costs $15.00/unit The fixed factory overhead costs are unavoidable. Assume no other use for the facilities. What is the highest price Benton Company should pay for the part from an outside supplier
Answer: $418,000
Explanation:
The Fixed costs are unavoidable so even if Brenton bought from an outside supplier they would still incur it.
It is therefore not a relevant cost.
The cost of producing internally therefore is;
= 3 + 5 + 3
= $11 per unit
Cost = 38,000 * 11
= $418,000
Maximum they should pay for the part outside is $418,000. Anything more and they would be better off producing for themselves.
Dr. Bob Jackson owns a parcel of land that a local farmer has offered to rent from Dr. Bob for the next 10 years. The farmer has offered to pay $20,000 today or an annuity of $3,200 at the end of each of the next 10 years. Which pay-ment method should Dr. Jackson accept if his required rate of return is 10 percent
Answer:
Dr. Jackson should accept the $20,000 paid today
Explanation:
you must analyse the present value of both payment options:
the present value of the $20,000 paid today is exactly $20,000the present value of the annuity = $3,200 x 6.1446 (PV annuity factor, 10%, 10 periods) = $19,662.72Since the present value of the immediate cash payment is higher than the annuity payment, Bob should choose that offer.
Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 17,900 24,100 42,000 Revenues $ 2,200,000 $ 2,400,000 $ 4,600,000 Engineering hours 11,500 9,500 21,000 Engineering cost $ 1,096,250 $ 1,213,750 $ 2,310,000 Administrative costs $ 1,848,000 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service
Answer:
Instructions are below.
Explanation:
Giving the following information:
Toot! TiX Total
Users 17,900 24,100 42,000
Administrative costs $ 1,848,000
We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,848,000/42,000
Predetermined manufacturing overhead rate= $44 per user
Now, we allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Toot!= 44*17,900= 787,600
TiX= 44*24,100= 1,060,400
Finally, the gross profit for each service:
Toot!:
Revenue= 2,200,000
Engineering cost= (1,096,250)
Administrative cost= (787,600)
Profit= $316,150
TiX:
Revenues= 2,400,000
Engineering cost= (1,213,750)
Administrative cost= (1,060,400)
Profit= $125,850
Select Foods Inc. uses activity-based costing to determine product costs. For each acitivty listeed in the left column, match an appropriate activity base from the right column. You may use items in the activity-base list more than once or not at all.
Activity Activity Base
Accounting reports Engineering change orders
Customer return processing Kilowatt hours used
Electric power Number of accounting reports
Human resources Number of customers
Inventory control Number of customer orders
Invoice and collecting Number of customer returns
Machine depreciation Number of employees
Materials handling Number of inspections
Order shipping Number of inventory transactions
Payroll Number of machine hours
Production control Number of material moves
Production setup Number of payroll checks processed
Purchasing Number of production orders
Quality control Number of purchase orders
Sales order processing Number of sales orders
Number of setups
Answer:
kindly check the explanation section.
Explanation:
So, without mincing words, let us dive straight into the solution to the question/problem. So, the question simply require matching Accounting reports that is the activity to the correct activity base for each of the activities provided.
Here is how it looks like;
Activity = Activity Base
[1]. Accounting reports = Number of Accounting reports.
[2]. Customer return processing = Number of customer returns.
[3]. Electric power = Kilowatts Hours used.
[4]. Human resources = number of employees.
[5]. Inventory control = number of inventory transactions.
[6]. Invoice and collecting = number of customers.
[7]. Machine depreciation = number of machine hours.
[8]. Materials handling = number of materials move.
[9]. Order shipping = number of customer orders.
[10]. Payroll = number of payroll checks proposed.
[11]. Production control = number of production orders.
[12]. Production setup = number of setups.
[13]. Purchasing = number of purchase orders.
[14]. Quality control = number of inspections.
[15]. Sales order processing = number of sales orders.
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year are as follows: Blink Division Blur Division Total Sales $ 380,000 $ 198,000 $ 578,000 Variable costs 118,000 97,000 215,000 Contribution margin $ 262,000 $ 101,000 $ 363,000 Direct fixed costs 104,000 90,000 194,000 Segment margin $ 158,000 $ 11,000 $ 169,000 Allocated common costs 59,000 51,500 110,500 Operating income (loss) $ 99,000 $ (40,500 ) $ 58,500 If the Blur Division were dropped, Blink Division's sales would increase by 30%. If this happened, the operating income for Winston Corporation as a whole would be:
Answer:
$126,100
Explanation:
Operating income is computed as;
= [Contribution margin of Blink division × increase sales percentage] - fixed costs of Blink division - Allocated common costs of Blink division - Allocated common costs of Blur division
= [$262,000 × 130%] - $104,000 - $59,000 - $51,500
= $340,600 - $104,000 - $59,000 - $51,500
= $126,100
PMI members have determined that ________ are the values that drive ethical conduct for the project management profession. honesty, responsibility, respect and fairness meeting objectives, goals, and results to forego profits and efforts to beat the competition
Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals.
Cost of goods sold budget Pasadena Candle Inc. budgeted production of 785,000 candles for the year. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for the year. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during the year. If candle wax costs $1.24 per pound, determine the direct materials purchases for the year. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on December 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,114,125
Explanation:
Firstly, we need to calculate direct materials purchased.
Direct materials purchased for the year = Candle wax [ 487,125 pounds × $1.24 per pound]
= $604,035
Also,
Direct labor cost budget for the year
= [ 785,000 candles × 6 minutes / 60 mins per hour × $18 per hour]
= $1,413,000
Therefore,
Costs of goods sold budget
Direct materials
Opening inventory on 1 January [16,000 pounds × $1.24 per pound] = $19,840
Add: purchases
$604,035
Less: closing inventory on 31 January [12,500 pounds × $1.24 per pound] = ($15,500)
Cost of direct materials in production = $608,375
Direct labor cost
$1,413,000
Fixed overheads cost
$300,000
Opening work in progress inventory on 1 January
$41,250
Less: closing work in progress inventory on 31, January
($28,500)
Total work in progress during the period
$12,750
Opening finished goods on 1 January
$200,000
Less closing finished goods
($120,000)
$80,000
Cost of goods sold = $608,375 + $1,413,000 + $300,000 - $80,000 - $12,750
= $2,114,125
Granfield Company has a piece of manufacturing equipment with a book value of $36,500 and a remaining useful life of four years. At the end of the four years the equipment will have a zero salvage value. The market value of the equipment is currently $21,300. Granfield can purchase a new machine for $113,000 and receive $21,300 in return for trading in its old machine. The new machine will reduce variable manufacturing costs by $18,300 per year over the four-year life of the new machine. The total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money) is:
Answer:
($18,500)
Explanation:
Book value of manufacturing equipment = $36,500
Current market value of equipment = $21,300
Cost of new machine = $113,000
Cash received from trading old machine = $21,300
Variable manufacturing costs of new machine reduced by $18,300 per year, over the four year
Total increase/decrease in net income = Cost of new machine + Cash received from trading old machine + Reduction in variable manufacturing costs
= ($113,000) + $21,300 + $18,300 × 4
= ($113,000) + $21,300 + $73,200
= ($18,500)
It therefore means that the total decrease in net income by replacing the current machine with the new machine is $18,500
a company reported revenues of $377,00, cost of goods sold of $122,000, selling expense of $12000and total operating costs of 72,000. Gross margin for the year os ___
Answer:Gross margin =$255,000
Explanation:
Gross margin is defined as the remainng sales revenue of a company retains after taking care or addressing the direct costs incurred in producing the goods it sells or services it renders.
When a company's cost of goods sold (COGS) subtracted from net sales revenue, the Gross margin is retained.
Gross margin= Net Sales Revenues-CostsOfGoodsSold
$377,000 - $122,000
=$255,000
Knowledge Check 01 The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore ________. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income
Answer:
Fixed overhead costs
Variable and fixed cost distinctions
less than absorption costing net operating income
Explanation:
Fixed overhead costs are costs that do not change with change in the volume of production activity. Rent of the production facility is an example of fixed overhead cost.
Variable costs are costs that change with change in the volume of production activity. Tax is an example of variable cost.
between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for Fixed overhead costs. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore Variable and fixed cost distinctions. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be less than absorption costing net operating income. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income
Diego Corporation values its inventory at the lower of cost or net realizable value as required by IFRS. Diego has the following information regarding its inventory. Historical cost $100,000 Estimated selling price 98,000 Estimated costs to complete and sell 3,000 Replacement cost 90,000 What is the amount for inventory that Diego should report on the balance sheet under the lower of cost or net realizable value method
Answer:
$95,000
Explanation:
When a company reports its ending inventory at lower of cost or net realizable value (LCNRV), it must value its inventory at whichever is lower:
historical cost = $100,000net realizable value = selling price - estimated costs to complete and sell = $98,000 - $3,000 = $95,000since $95,000 is lower, then the company will report its inventory at net realizable value.
"You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25,000. The bank offers you a 15-year mortgage requiring annual end-of-year payments of $3,188 each. The bank also requires you to pay a 3 percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest of this loan."
Answer:
10%
Explanation:
total loan = $25,000 x (1 - 3%) = $24,250
the present value of an annuity formula:
PV = annual payment x annuity factor
annuity factor = PV / annual payment = $24,250 / $3,188 = 7.607
the formula to calculate PV annuity factor is [1 - 1/(1 + i)ⁿ ] / i
7.607 = [1 - 1/(1 + i)¹⁵ ] / i
7.607i = 1 - 1/(1 + i)¹⁵
1/(1 + i)¹⁵ = 1 - 7.607i
1 / (1 - 7.607i) = (1 + i)¹⁵
after a lot of math:
i = 10%
1 / (1 - 0.7607) = 1.1¹⁵
4.18 = 4.18
The slopes of the curve at points A and B (maximum and minimum) are:
A.zero and zero
B. Infinity and zero
C. Zero and 1
D. 1 and zero
Answer:
A.zero and zero
Explanation:
The attached image shows the complete question.
The maximum and minimum points of a curve are points in which the slope equal to zero. The maximum point is the point with the highest value of y and a slope of zero while the minimum point is a point on the curve with lowest value of y and a slope of 0.
The image attached shows point A and point B. Point A is the maximum because it has a slope of 0 and highest value of y. At point B, the curve has a slope of zero with the smallest y-coordinate
In 1903, the first U.S. Open Golf Championship was held. The winner’s prize money was $230. In 2012, the winner’s check was $1,430,000. Requirement 1: What was the annual percentage increase in the winner’s check over this period? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Annual percentage 8.34 % Requirement 2: If the winner’s prize increases at the same rate, what will it be in 2037? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Answer:
A = P(1+r/100)^n. A= FV, P= PV, r= rate, n = period
1. A = P(1+r/100)^n
A= 1,430,000, P = 230, r = ?, n = 2012-1903 = 109
1,430,000 = 230(1+r/100)^109
1+r/100=(1,430,000/230)^(1/109)
1+r/100=1.08344
r = (1.08344-1)*100
r = 0.08344*100
r = 8.344%
r = 8.34%
2. A = P(1+r/100)^n
A = ?, P = 1,430,000, r = 8.34%, n = 2037 - 2012= 35
A = 1,430,000(1+8.344/100)^25
A = 1,430,000(1+ 0.08344)^25
A = 1,430,000(1.08344)^25
A = 1,430,000*7.41517895232
A = 10603705.9018176
A = $106,03,021.98
in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINLIST !!!
Answer:
I don't think so, because it still depends on the one who is saving the money, for example, you are earning a low amount of salary, then of course you will be watchful on how you will spend your money. and if you are earning a large amount of salary, you would think that since you have a lot, you can already spend them in any way that you want, which leads to low savings.
The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow:_____.
Service Departments Operating Departments
Administration Janitorial Maintenance Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Number of employees 60 35 140 315 210 760
Square feet of space occupied 15,000 10,000 20,000 40,000 100,000 185,000
Hours of press time 30,000 60,000 90,000
Required:
Assuming that the company uses the direct method rather than the step-down method to allocate service department costs, how much cost would be assigned to each operating department? (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
Answer:
The Ferre Publishing company
Service Costs Assigned to each Operating Department:
Service Departments Operating Departments
Admin. Janitorial Mainten. Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Admin (168,000) 100,800 67,200 0
Janitorial (126,000) 36,000 90,000 0
Maintenance (57,600) 19,200 38,400 0
Total cost $486,000 $711,600 $1,197,600
Explanation:
a) Data and Calculations:
Service Departments Operating Departments
Administration Janitorial Maintenance Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Number of
employees 60 35 140 315 210 760
Square feet of
space occupied 15,000 10,000 20,000 40,000 100,000 185,000
Hours of
press time 30,000 60,000 90,000
Allocation bases:
Administration cost = Number of employees 525
Janitorial cost = Square feet 140,000
Maintenance cost = Hours of press time 90,000
Allocation Rates and to Operating Departments:
Administration $168,000/525 = $320 per employee
Binding = 315 * $320 = $100,800
Printing = 210 * $320 = $67,200
Janitorial costs = $126,000/140,000 = $0.90 per square feet
Binding = 40,000 * $0.90 = $36,000
Printing = 100,000 * $0.90 = $90,000
Maintenance costs = $57,600/90,000 = $0.64 per press hour
Binding = 30,000 * $0.64 = $19,200
Printing = 60,000 * $0.64 = $38,400
Hill Industries had sales in 2016 of $6,800,000 and a gross profit of $1,100,000. Management is considering two alternative budget plans to increase its gross profit in 2017.
Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 100,000 units.
At the end of 2016, Hill has 40,000 units of inventory on hand. If Plan A is accepted, the 2017 ending inventory should be equal to 5% of the 2017 sales. If Plan B is accepted, the ending inventory should be equal to 60,000 units. Each unit produced will cost $1.80 indirect labor, $1.40 indirect materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1,000,000.
1. Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.)
2. Prepare a production budget for 2017 under each plan.
3. Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.)
4. Compute the gross profit under each plan.
5. Which plan should be accepted?
Answer:
Results are below.
Explanation:
Giving the following information:
Plan A:
Selling price= $8.4
Sales in units= (6,800,000/8)*0.9= 765,000
Ending inventory should be equal to 5% of the 2017 sales.
Plan B:
Selling price= $7.5
Sales in units= 850,000 + 100,000= 950,000
Ending inventory should be equal to 60,000 units.
Beginning inventory= 40,000 units
Total unitary variable cost= 1.8 + 1.4 + 1.2= $4.4
Total fixed overhead= $1,000,000
a)
Plan A:
Sales in units= (6,800,000/8)*0.9= 765,000
Sales in dollars= 765,000*8.4= $6,426,000
Plan B:
Sales in units= 850,000 + 100,000= 950,000
Sales in dollars= 950,000*7.5= $7,125,000
b) Production= sales + desired ending inventory - beginning inventory
Plan A:
Production= 765,000 + (765,000*0.05) - 40,000
Production= 763,250
Plan B:
Production= 950,000 + 60,000 - 40,000
Production= 970,000
c)
Plan A:
Unitary variable cost= 4.4
Unitary fixed cost= 1,000,000/763,250= 1.31
Total unitary cost= $5.71
Plan B:
Unitary variable cost= 4.4
Unitary fixed cost= 1,000,000/970,000= 1.031
Total unitary cost= $5.43
d) Gross profit= sales - cost of goods sold
Plan A:
Gross profit= 6,426,000 - 765,000*5.71= $2,057,850
Plan B:
Gross profit= 7,125,000 - 950,000*5.43= $1,966,500
e) The best plan is the one with the highest profit. In this case, Plan A is better.
When a mentally challenged candidate is overlooked by a recruiter even though he possesses skills that are perfect for the job, which perceptual distortion is likely to be experienced by the recruiter?
a. Halo effect
b. Selective perception
c. Ability stereotypes
d. Projection
e. Self-fulfilling prophecy
The correct answer is C. Ability stereotypes
Explanation:
Ability stereotypes imply incorrect or inaccurate perceptions about people with different abilities including people with intellectual or cognitive disabilities or mentally challenged people. This often means people consider mentally challenged people unable to perform tasks, understand certain information, among others.
This type of stereotyping occurs in the situation presented because the recruiter is not considering a specific candidate because he/she is mentally challenged. However, this condition does not imply the candidate does not have the skills or qualities to be in this job. Indeed, this candidate can be more suitable than an individual with regular intellectual abilities.
Cellular Access Inc., is a cellular telephone service provider that reported net operating profit after tax (or unlevered net profit) of $250 million for the most recent fiscal year. The firm had depreciation expenses of $100 million, capital expenditures of $200 million, no interest expense, and an income tax rate of 30%. Working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
Answer: $65 million
Explanation:
The Free Cash Flow will be calculated as:
= EBIT(1-t) + Dep & Amortisation- Changes in Working Capital- Capital Expenditure
= 250(1-30%) + 100 - 200 - 10
= 250(0.7) + 100 - 200 - 10
= 175 + 100 - 210
= $65 million
