Answer:
A cash flow is an important part of an organisation. it helps in understanding the cash flows from investing, operating and financial activities.
A cash flow statement helps in evaluating the liquidity of a company.
During the current Pandemic, maintaining liquidity is very important.
some business functions freezes. such firm will experience cash operating cots. the firm should have enough cash to maintain the business in moving forward.
Explanation:
Solution
A cash flow statement is a vital parts or components provided by an organisation.i t helps in interpreting the cash flows from investing, operating and financial activities or functions.
An organisation income statement is made ready based on the accrual basis and so it does help or aid in the understanding the movement of cash during.
A cash flow statement helps in evaluating the liquidity of a company.
Operating activities of cash flows is computed or estimated by putting Non cash expense to net income and then deducting current liabilities and assets.
Cash flow from operating activities are necessary to the firm because it helps in providing cash to invest assets and payback of debt.
Maintaining liquidity during the present pandemic has become very necessary.
Since business functions freezes, the firm will experience cash operating cots. hence the firm should have sufficient cash to maintain the business running.
The firm can also take a loo at their current assets to see if it can be converted to cash on quickly basis.
9. The major problem addressed by the warehouse layout strategy is: A) minimizing difficulties caused by material flow varying with each product. B) requiring frequent close contact between forklift drivers and item pickers. C) addressing trade-offs between space and material handling. D) balancing product flow from one work station to the next. E) locating the docks near a convenient access
Answer:
C) Addressing trade-offs between space and material handling.
Explanation:
Addressing trade offs between material handling and space in the warehouse is a major problem been tackled in warehouse layout strategy.
In any case where it is been found that your warehouse or distribution centre capacity is at bursting point, and costs are escalating while service levels are not being met, it is natural to assume that a bigger warehouse would go a long way to addressing the issues.
That is why experts in this field that have extensive experience in assisting customers in the identification of causal issues through its(warehouse) facility design, operations audits and also layout.
Answer:
Option C. Addressing trade-offs between space and material handling.
Explanation:
The reason is that the warehouse layout plan discusses the major problem of stocking the inventory in a manner that it uses less space and as a result reduces the cost of the warehouse rentals. The modern warehouse softwares does the same with more valuable guidelines and stock flow control which helps in lowering the handling cost of the inventory and also helps increasing the space for additional inventory.
Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells 9,000 widgets a month. Widgets normally sell for $6 each, and cost an average of $5 to make, including fixed costs. The monthly fixed costs are $18,000. Coyote Corp. has offered to buy 1,000 widgets at $4 each. What is the "cost" per unit in the context of evaluating the offer from Coyote Corp.
Answer:
Cost per unit= $5
Explanation:
Giving the following information:
Units= 9,000
Widgets normally sell for $6 each, and cost an average of $5 to make, including fixed costs. The monthly fixed costs are $18,000. Coyote Corp. has offered to buy 1,000 widgets at $4 each.
To determine which option is best, we need to calculate the relevant costs. In this case, we don´t have any information regarding how much of the fixed costs are avoidable. I will assume that none.
Because none of the fixed costs are avoidable, they will remain constant in both options. Therefore, fixed costs are irrelevant.
Cost per unit= unitary variable costs
Cost per unit= $5
It is cheaper to buy the product.
The adjusted trial balance of Grouper Corp. at December 31, 2022, includes the following accounts: Retained Earnings $16,300, Dividends $5,800, Service Revenue $36,100, Salaries and Wages Expense $13,800, Insurance Expense $1,790, Rent Expense $4,010, Supplies Expense $1,490, and Depreciation Expense $850.
Required:
Prepare an income statement for the year.
Answer:
net income is $ 14,160.00
Explanation:
The income statement from which the net income for the year is derived is shown below:
Grouper Corp. Income Statement as at 31 December ,2022.
Service revenue $36,100
salaries and wages expense $13,800
insurance expense $1,790
rent expense $4,010
supplies expense $1,490
depreciation expense $850
Total expenses ($ 21,940)
Net income $ 14,160
ending retained earnings =$ 14,160.00+$16,300.00-$5,800.00=$24,660.00
Maricela writes slowly. When preparing a first draft, she spends a good deal of time formatting and choosing the correct font. Maricela doesn’t like to move on to the next sentence until she has perfected each one. She rarely has time for revision.
What advice would you give Maricela to help her allow more time for revision?
A. Don’t perfect each sentence before moving on. Compose quickly.
B. Use a thesaurus to help perfect each sentence as you compose.
C. Spend your time writing, not formatting.
Discuss the statement: ‘Silence is Golden’ in approximately a hundred 300 words, in
relation to ethics in communicating at the workplace.
Answer:
Silence is golden
Silence is very peace word and it is describing as the golden word. It is the very popular proverb. In the common word we say, it is the better word for everyone to make silence because, without any important topic, unnecessary talk creates bad effort, so it better to remain in the silent zone.
‘Silence is golden’ is the great idiom used by the most nations. Silence is the best policy and everyone have to better understand the value of the make silence.
‘Speech is silver, Silence is golden’ is the full phrase. It is better to maintain the quiet and silent and not say nothing. One should think before saying any words.
There is the comparison in both words listen and silent is same letters but arranged differently.
Latin word
The Latin version of “Silence is Golden” is “silentium est aurum”. “Silentium’ means “Silence” and “aurum” means “Gold or something made of gold”.
It is the tendency of human to talk more and to listen less, the main cause of it is that we have forgotten the art of waiting and allowing ourselves to listen to other viewpoints.
Explanation:
When the person is a silent, they should prefer to keep quiet, so it will be the great think for them. It is abstaining from speaking for the people.
The understanding and learned people say something only that time when talking are necessary and meaningful.
On the other hand, people say that little thing, which expresses the knowledge of them and where it needs to speak.
The one thing is always should in our mind is that whenever you want to speak something, so before saying any word you have to understand the own word.
It displays great ability of everyone, so make good control during speaking and speak related to the subject, what they want to say.
Value of silence
The value of silence is great, especially when it is desirable.
You don’t need to speak every time to create an impression.
Sometimes, people leave better impressions who display the strength of character by remaining quiet and calm during challenging moments.
Remember, that “words are like arrows, you can’t take them back after you let them back.”
Why make silence
When we are silent and waiting, something great inside us keeps on growing, and silence gives birth to creativity, moreover the more we keep silent the less the heart that can be hurt.
There are times when silence become the most potential way of communication and it’s more effective than words, for instance sometimes a silent angry look from our parents enough to let us feel their fury and agony, and this angry look capable of making us behave better than harsh reprimand or scolding.
Lovers all over the world prefer to communicate with silent, It’s more romantic and it’s a famous telepathy between two people who have strong feelings for each other.
Undeniably, silence needs a special kind of power and authority of mind, to say nothing is more difficult than expressing anger, happiness, love, betrayal with words.
That’s why it’s a quite difficult conflict between a man and his mind to a long journey of controlling our senses and reactions.
A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500. What should the company do
Answer:
The multiple choices are as follows:
a.Fire the employees and save $1500 on rent
b.Not fire the employees keeping them generates a profit of $1100 per employee
c.Not fire the employees since keeping them generates a profit of $1085 per employee
d.None of the above
The correct option is C,not fire the employees since keeping them generates a profit of $1085 per employee
Explanation:
The cost of paying all 100 employees is $300,000 i.e ($3000*100)
Since each employee contributes $4,100 to the company bottom-line,all of them would contribute $410,000 as a whole.
The rent of office of $1,500 is also a cost to consider as shutting down would mean rent is no longer paid
Profit from employees=$410,000-$300,000-$1,500=$108,500
Profit per employee=$108500 /100=$1085
The question is incomplete. Here is the complete question
A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500. What should the company do
a. Fire the employees and save $1500 on rent
b. Not fire the employees keeping them generates a profit of $1100 per employee
c. Not fire the employees since keeping them generates a profit of $1085 per employee
d. None of the above
Answer:
Not fire the employees since keeping them generates a profit of $1085
Explanation:
The amount of money contributed by each employee in the company is $4,100
The amount of expenses made is $3,000
Fixed costs can be calculated by dividing the amount of money used in purchasing the office space by the total number of employees
= 1500/100
= $15
Therefore, the earnings made from each employee is
= $4,100-$3,000-$15
= $1085
Hence since the company is making a profit of $1085 per employee then there is no need to fire them.
Sams Job Shop buys one part- Tegdiws for use in its production system. The parts are needed throughout the entire 365-day year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Data for the product is as follows:
ITEM TEGDIW WIDGET
Annual demand 10,000 5,000
Holding cost (% of item cost) 20% 20%
Setup or order cost $ 150.00 $ 25.00
Lead time 4 weeks 1 weeks
Safety stock 55 units 5 units
Item cost $ 10.00 $ 2.00
Required:
What is the inventory control system for Tegdiws? That is, what is the reorder quantity and the reorder point for Tegdiws?
Answer:
The inventory control system for Tegdiws is 1224.74 Units, the re-order point for Tegdiws is 824.24 Units.
The economic order quantity is also called the inventory control system for Tegdiws.
Explanation:
Solution
Given that:
Now
For Tegdiws Company the following information is given below:
The Annual demand = 10,000
The cost of item = $10.00
The lead time (L)= 4 weeks
The safety cost = 55 units
The ordering cost (S)= $150.00
The holding cost (H) = 20%
The economic order quantity is referred to as the inventory control system for Tegdiws
Thus, we find the inventory control system for Tegdiws which is given below:
EOQ =√ 2DS/h
=√2*10000 *150/2
=1224.74 Units
The next step is to calculate the re-order point for Tegdiws company which is computed below:
R = dL + safety stock
Where
d = This is the demand done weekly
which is,
d = 10000/52
=192.31
Thus,
R = (192.31 * 4) +55
= 120 + 11
=824.24 Units.
At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 210,000. Shares issued: _______ (all shares were issued at $15 per share; $2,130,000 total cash collected). Treasury stock: 4,000 shares (repurchased at $22 per share). The treasury stock was acquired after a stock split was announced. Net income: $262,200. Dividends declared and paid: $140,760. Retained earnings beginning balance: $565,000.Required: 1. Complete the following tabulation: Shares authorized Shares issued Shares outstanding 2. What is the balance in the Additional Paid-in Capital account. Additional paid-in capital 3. What is earnings per share (EPS). (Round your answer to 2 decimal places.) Earnings per share
Answer:
1) Shares authorized: 210,000.
Shares issued: 142,000 shares
Shares outstanding: 135,000 shares
2) Balance in Additional paid in Capital is $710,000
3) Earning Per Share is $1.94 per share
Explanation:
1) Shares Authorized = 210,000 shares
Shares issued = Cash Collected ÷ Issue Price
= $2,130,000 ÷ $15 per share = 142,000
Shares outstanding = Shares issued - Treasury Stock
= 142,000 shares - 7,000 shares
= 135,000 shares
2) Balance in Additional paid in Capital = (Issue Price - Par Value) × Shares issued
= ($15 - $10) × 142,000 shares
= $710,000
3) Earning Per Share = Net Income ÷ Shares Outstanding
= $262,200 ÷ 135,000 shares
= $1.94 per share
1. The Authorized shares refers to shares that a firm is allowed by law to issue to the public.
The Authorized shares = 210,000 sharesThe Issued shares refers to the shares that the company offers to the public for subscription.
The Issued shares = Cash Collected / Issue Price = $2,130,000 / $15 per share = 142,000 sharesThe outstanding shares refers to the remaining shares after the share repurchase.
The outstanding shares = Shares issued - Treasury Stock = 142,000 shares - 7,000 shares = 135,000 shares2. Balance in Additional paid in Capital = (Issue Price - Par Value) × Shares issued
Balance in Additional paid in Capital = ($15 - $10) * 142,000 shares
Balance in Additional paid in Capital = $5 * 142,000 shares
Balance in Additional paid in Capital = = $710,000
3. Earning Per Share = Net Income / Shares Outstanding
Earning Per Share = $262,200 / 135,000 shares
Earning Per Share = $1.94 per share
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Clarissa is unable to do her job efficiently because her supervisor often interrupts her work to ask trivial questions. The supervisor can send an email instead of disrupting Clarissa's work. This scenario depicts _____.
Answer:
the use of an incorrect communication medium
Explanation:
In this scenario the supervisor keeps disrupting Clarissa's work by speaking with her and asking trivial questions.
If the supervisor uses the email instead of verbally asking questions this will remove distractions Clarissa is having in her work.
This depicts use of incorrect medium of communication.
When a wrong medium is used to communicate it causes inefficient delivery of the message and can even cause the recipient to not respond.
For example if instructions are to be given to staff for immediate implementation, the most effective way is to set up a meeting feedback can be gotten. This ensures all challenges to implementation are dealt with.
If however the instructions are placed on a notice board, some employees may not read them.
zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated interest rates are 11% annually (with continuous compounding) how much would you pay today for a zero-coupon bond with a face value of $2,600 that matures in 7 years
Answer:
$1,203.83
Explanation:
For computing the present value using the continuous compounding we need to apply the formula and the calculation part is also shown in the spreadsheet. Kindly find it below.
Given that
Face value = $2,600
Interest rate = 11%
Time period = 7 years
The formula is shown below:
= Face value ÷ EXP (Interest rate × Time period)
= $2,600 ÷ EXP (11% × 7)
= $1,203.83
On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.
On January 1 2021, Splash City issues $390,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $419,013.
Required:
a. Record bonds issued at a discount and related semiannual interest.
Answer:
Dr cash $310,831
Dr discount on bonds payable $29,169
Cr bonds payable $340,000
On 30th June 2021
Dr interest expense $ 15,542
Cr cash $15,300
Cr discount on bonds payable $242
On 31st December 2021
Dr interest expense $ 15,554
Cr cash $15,300
Cr discount on bonds payable $254
Explanation:
The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.
Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00
Find attached bond amortization schedule.
Here, we are preparing the journal entry to record bonds issued at a discount and related semiannual interest for Splash City.
Journal Entries
Date Account Titles and Explanation Debit Credit
1-Jan-21 Cash $310,831
Discount on issue of bond $29,169
To Bond Payable $340,000
(To record issue of bond at discount)
Date Account Titles and Explanation Debit Credit
30-Jun-21 Interest expense $15,542
($310,831*10% * 6/12)
To Discount on issue of bond $242
To Cash $15,300
(To record interest expense and discount amortization)
Date Account Titles and Explanation Debit Credit
31-Dec-21 Interest expense $15,554
[($310,831+$242)*10%*6/12)
To Discount on issue of bond $254
To Cash $15,300
(To record interest expense and discount amortization)
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The Hasting Company began operations on January 1, 2013 and uses theFIFO method in costing its raw material inventory. An analyst is wondering what net income would have been if the company had consistently followed LIFO (instead of FIFO) from the beginning, 1/1/2013. He has the following information available to him:What would net income have been in 2014 if Hastings had used LIFO since 1/1/2013?a) -$ 110,000 b) -$ 150,000 c) -$ 170,000 d) -$ 230,000
Answer:
b) $ 150,000
Explanation:
Calculation of Hasting Company net income in 2014
Particulars Amount ($)
Pretax Income under FIFO for 2014 170,000
Less:
12/31/2014 Final Inventory under FIFO 270,000
Add:
12/31/2014 Final Inventory under LIFO 210,000
Add:
12/31/2013 Final Inventory under FIFO 240,000
Less:
12/31/2013 Final Inventory under LIFO 200,000
Pretax Income under LIFO for 2014 150,000
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $156,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment
Answer: 2.72%
Explanation:
An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.
Number of payment period (NPER) = 12 years
Payment per period (PMT) = $15000
Amount needed, PV = $156000
The formula for an annuity is calculated as:
P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)
= Rate(12,15000,-156000,1)
Rate = 2.72%
Michael is a senior in high school and wants to major in a business-related class when he goes to college. Michael plans to select a variety of courses from the School of Business curriculum yet not select a major. After selecting courses based upon availability and interest he earns a sufficient number of credits within this chosen area that enables him to graduate with a major in marketing. Michael has engaged in:
Answer:
Domain planning
Explanation:
Ben Collins plans to buy a house for $281,000. If that real estate is expected to increase in value by 8 percent each year, what will its approximate value be seven years from now? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Answer:
$ 481,634.00
Explanation:
The approximate value of the property in seven years's time can be determined by using the future value formula given below:
FV=PV(1+r)^n
PV is the current value of the house which is the cost of $281,000
r is the rate of appreciation in value yearly which is 8%
n is the number of years in which the property is expected to appreciate
FV=$281,000*(1+8%)^7=$ 481,584.62
Alternatively:
FV=PV*annuity factor of 8% in year 7
annuity factor is 1.714
FV=$281,000*1.714=$481,634.00
McCoy's Fish House purchases a tract of land and an existing building for $810,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $1,100. The company also pays $10,200 in property taxes, which includes $7,100 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $3,100 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $40,500 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $5,400 and pays an additional $11,200 to level the land.
Required:
Determine the amount McCoy's Fish House should record as the cost of the land. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
The amount McCoy's Fish House should record as the cost of the land is $864,500
Explanation:
In order to calculate the amount McCoy's Fish House should record as the cost of the land we would have to make the following calculation:
cost of the land=Purchase price(including building+ insurance+back property tax+cost incurred to remove the building-salvage value of materials+cost incurred to level the land
cost of the land=$810,000+$1,100+$7,100+$40,500-$5,400+$11,200
cost of the land=$864,500
The amount McCoy's Fish House should record as the cost of the land is $864,500
Problem 4-03 (Algorithmic) The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenueproducing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 10 Other secured loans 11 Signature loans 12 Risk-free securities 9 The credit union will have $1.7 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments: Risk-free securities may not exceed 30% of the total funds available for investment. Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and signature loans). Furniture loans plus other secured loans may not exceed the automobile loans. Other secured loans plus signature loans may not exceed the funds invested in risk-free securities. How should the $1.7 million be allocated to each of the loan/investment alternatives to maximize total annual return? Round your answers to the nearest dollar. Automobile Loans $ Furniture Loans $ Other Secured Loans $ Signature Loans $ Risk Free Loans $ What is the projected total annual return? Round your answer to the nearest dollar. $
Answer:
auto: $535,500furniture: $144,500other secured: $391,000signature: $119,000risk-free: $510,000projected return: $160,480 (9.44%)Explanation:
We can let the variables a, f, o, s, r stand for the amounts invested in auto loans, furniture loans, other secured loans, signature loans, and risk-free securities, respectively. The restrictions imposed are ...
r ≤ 0.30(1.7·10^6)s ≤ 0.10(a +f +o +s)f +o ≤ ao +s ≤ ra +f +o +s +r = 1.7·10^6And the objective is to maximize ...
p = 0.08a +0.10f +0.11o +0.12s +0.09r
We can write the constraints in standard form as ...
r -510000 ≤ 0-a -f -o +9s ≤ 0-a +f +o ≤ 0o +s -r ≤ 0a +f +o +s +r -1700000 = 0__
It is convenient to formulate this problem as a "solver" problem in a spreadsheet program. The spreadsheet and the solver setup are shown in the attachments. The result is ...
Automobile Loans $535,500Furniture Loans $144,500Other Secured Loans $391,000Signature Loans $119,000Risk Free Securities $510,000The projected total annual return: $160,480 (9.44%)
_____
Comment on the attachments
The first attachment shows the NeoOffice spreadsheet used to solve this problem. The formula shown is filled in all cells G3:G8. The second attachment shows the Solver setup used to solve this problem. There are actually five constraints. The one not showing is $G$7 = 0.
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $167,400.
Sales (44,000 units) $968,000
Costs:
Direct materials $183,500
Direct labor 241,900
Fixed factory overhead 109,500
Variable factory overhead 151,900
Fixed marketing costs 111,900
Variable marketing costs 51,900 850,600
Pretax income $117,400
Answer:
50,494 units
Explanation:
The sales that must be achieved in order to realize a pretax profit of $167,400 is the total fixed costs plus target pretax profit all divided by contribution per unit
Total fixed costs=fixed factory overhead+fixed marketing costs=$109,500+$111,900=$221,400.00
Contribution per unit= sales price per unit-variable cost per unit
sales price per unit=$968,000/44000=$22
variable cost per unit=($183,500+$241,900+$151,900+$51900)/44,000=$14.30 Contribution per unit=$22-$14.30 =$7.70
target sales units=($221,400+$167,400)/$7.70= 50,494 units
An online retailer monitors customer complaints through social media. There are seventeen categories associated with these complaints and include such categories as poor quality, not as described on-line, price too high and slow delivery. When creating a chart to determine which of these categories represents the most frequent problem, it will be necessary to draw a?
Answer: Pareto Chart
Explanation:
A Pareto Chart is a type of chart that mixes both the line and bar graphs.
It works by putting the Frequency of the complaint categories on the vertical axis and the category on the horizontal axis.
The frequency bars are arranged from the most frequent to the least frequent and then there is a line that shows the cumulative frequencies of the complaint categories.
The benefit of this graph is that one can see the most frequent complaint as soon as they look at the graph which is why it is most useful to this question.
I have attached an example to better explain.
The following costs are included in a recent summary of data for a company: advertising expense, $99,500; depreciation expense - factory building, $147,500; direct labor, $264,500; direct material used, $314,500; factory utilities, $119,500; and sales salaries expense, $164,500. Determine the dollar amount of overhead costs.
Answer:
Total overhead= $267,000
Explanation:
Giving the following information:
advertising expense, $99,500
depreciation expense - factory building, $147,500
direct labor, $264,500
direct material used, $314,500
factory utilities, $119,500
sales salaries expense, $164,500.
The overhead costs are all costs incurred involved in the production, but can't be directly assigned to a single product line.
Total overhead= depreciation of factory + factory utilities
Total overhead= 147,500 + 119,500= $267,000
Depreciation is not a cash disbursement.
Thomlin Company forecasts that total overhead for the current year will be $11,667,000 with 168,000 total machine hours. Year to date, the actual overhead is $7,895,000 and the actual machine hours are 91,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$87 per machine hour b.$47 per machine hour c.$69 per machine hour d.$128 per machine hour
Answer: c.$69 per machine hour
Explanation:
The predetermined overhead rate is the rate that the company forecasted that overhead would cost per hour.
Thomlin Company forecasted that total overhead for the current year will be $11,667,000 with 168,000 total machine hours.
The Predetermined Overhead rate would therefore be,
= Total Forecasted Overhead / Machine Hour
= 11,667,000 / 168,000
= $69.44
= $69
This means that the forecast was that for every Machine Hour, overhead accrued was $69.
When two people are talking, they want the listener to understand what they are saying. They both want to be effective communicators. The same is true of the salesperson who wants the buyer to listen to a sales presentation. What can the salesperson do to help ensure that the buyer is listening
Which of the following statements describes an inherent weakness in the use of the marginal-analysis model for establishing an advertising budget? A. It is unsuitable as a basis for budgeting only in the case of direct-response advertising. B. It only considers environmental factors that affect the effectiveness of the promotional program. C. The budget is often set according to the FIFO method. D. The budget is determined by management solely on the basis of what is felt to be necessary. E. It assumes that sales are determined solely by advertising and promotion.
Answer:
E. It assumes that sales are determined solely by advertising and promotion.
Explanation:
The marginal-analysis model assesses the incremental benefits of an activity compared to the additional costs incurred by that same activity. It is a decision-making tool to help maximize potential profits or benefits.
Sales are not determined solely by advertising and promotion. There are many other factors, including price, demand and supply, the elasticity of the good, the nature of the good, among other factors. The sales of goods considered to be necessities are not affected much by advertising and promotion, unlike luxury goods, for example.
Your firm has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. Using the discounted payback method, you determine that the project should generate inflows of $30,000, $30,000, $25,000, $20,000, and $20,000 respectively for an expected five years after completion of the project. Your firm's required rate of return is 10%. How long will it take to pay back the initial project investment
Answer:
It will take the project 3 years 3.6 months to pay back the initial investment.
Explanation:
The discounted payback period is the length of time of time it will take the present value of the cash inflows to recoup its initial cost.
To compute the discounted payback period we will follow the steps below:
Step 1: Compute the present value
Compute the Present Value of the cash inflows
Year Present Value Cumulative PV
0 75,000 (75,000)
1 30,000 × 1.1^(-1)= 27272.72 (47,727.27)
2 30,000 × 1.1^(-2) = 24793.38 (22,933.88)
3. 25,000 × 1.1^(-3)= 18782.87 (4,151.0)
4. 20,000 × 1.1^(4) = 13,660.26911
5. 20,000 × 1.1^(-5)= 12,418.42646
Step 2 : compute the payback period using the present value of cash flows
Discounted payback period = 3 years + ( 4,150/13,660)× 12 months
= 3 years 3.6 months
It will take the project 3 years 3.6 months to pay back the initial investment.
A company began the year with $500 in raw materials and purchased $10,250 more during the year. If the company has $725 in raw materials at the end of the year, then they would report direct materials used of $_______on the schedule of cost of goods manufactured.
A company reported Cost of goods manufactured of $50,000 on the statement of cost of goods manufactured. If the beginning balance in Work in process inventory was $20,000 and the ending balanc was $25,000, then the total manufacturing costs were $______.
A company began the year with $500 in raw materials and purchased $10,250 more during the year. If the company has $725 in raw materials at the end of the year, then they would report direct materials used of $_______on the schedule of cost of goods manufactured.
Answer:
$10,025
Explanation:
Given that,
Company's Beginning Raw materials = $500
Purchases = $10,250
Company's Ending Raw Materials = $725
Hence,
Direct Materials Used:
= Beginning Raw materials + Purchases - Ending Raw Materials
= $500 + $10,250 - $725
= $10,025
A popular cellular telephone provider offers its customers the following data plan: the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20. Suppose the typical consumer has $100 to spend on gigabytes of data (D) or chocolate bars (C) which cost $1 each.
Required:
a. How many gigs of data is the typical customer likely to use?
b. Does your answer depend critically on the steepness or flatness of the typical customer’s indifference curves? Explain.
Answer:
a. 7 gigabytes
b. My answer depends critically on the steepness of the indifference curve
Explanation:
If the first 4 gigabytes of data cost $10 each, and each additional gigabyte of data costs $20, then the customer uses
4 gigabytes for $40 + 3 gigabytes for $20 each = 7 gigabytes of data with $100.
An indifference curve shows the combination of two goods that give the consumer equal satisfaction and utility. The indifference curve is typically a graph that has a downward sloping convex to the origin.
My answer depends critically on the steepness of the indifference curve
silence is gold explain in a hundred words that can be used ethically at workplace
Answer:
Silence is gold is the business strategy used by many organizations in relation to communication ethics. The business communication is effective when the precise and correct information is circulated. When there is culture of unnecessary talks in business there can be unhealthy arguments and excessive criticisms which may ruin business strategies. Business ethics is implementing strategies which are to be followed by all employees. The strategies are formed after keeping in mind concerns of all stakeholders including how to treat employees. The silence can be a business ethics strategy to avoid gossips, as it may lead to negative consequences at the workplace.
Explanation:
Silence is strategy of introvert people but it is hard for extroverts to keep silence in a communication. There are some situations where keeping silent is better than to speak. There can be business situations where excess talks can bring negative effects to the company profits and may disturb company culture. Silence is peaceful and implementing culture of silence may bring peace to a business. When there will be less talks among employees the people will be more productive and focus on their own tasks rather than wasting time in an unhealthy discussion. Keeping this in mind it is fairly said "Silence is Gold"
On January 1, 2018, Brian Company purchased at par $831,000, 6 percent bonds issued by Laura Company to be held as available-for-sale securities. At December 31, 2018, the bonds had a fair value of $804,600. The bond investment was sold on July 1, 2019, for $834,400. Brian Company’s fiscal year ends on December 31. Using the following categories, indicate the effects of the transactions listed above, assuming the securities are available-for-sale.
Answer:
THE TRANSACTION DATE : December 31, 2018.
TRANSACTION: Record the trading securities at fair value.
ASSETS: - 26,400
LIABILITIES:
STAKEHOLDERS' EQUITY: -26,400
REVENUE/GAINS:
EXPENSES/LOSSES: $26,400
NET INCOME: - 26,400
THE TRANSACTION DATE : July 1, 2019.
TRANSACTION: Adjust to fair value.
ASSETS: $29,800
LIABILITIES:
STAKEHOLDERS' EQUITY: $29,800
REVENUE/GAINS: $29,800
EXPENSES/LOSSES:
NET INCOME: $29,800
RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.
Explanation:
So, anything dealing with trading securities has to do with trading in which securities are held down for a period of time and then later the securities will be sold.
So, here are the categories for the transactions listed in the question above, assuming the securities are available-for-sale.
THE TRANSACTION DATE : December 31, 2018.
TRANSACTION: Record the trading securities at fair value.
ASSETS: - 26,400
LIABILITIES:
STAKEHOLDERS' EQUITY: -26,400
REVENUE/GAINS:
EXPENSES/LOSSES: $26,400
NET INCOME: - 26,400
THE TRANSACTION DATE : July 1, 2019.
TRANSACTION: Adjust to fair value.
ASSETS: $29,800
LIABILITIES:
STAKEHOLDERS' EQUITY: $29,800
REVENUE/GAINS: $29,800
EXPENSES/LOSSES:
NET INCOME: $29,800
RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.
Describe how you plan to account for the organizational roles and experience level of your audience as you prepare your presentation. Describe how the educational level of the viewers will impact your presentation.
Answer: The answer is provided below
Explanation:
To account for the organizational roles and the experience level of my audience, it is vital to include material in an organized manner which relates and is also relevant to their roles. The presentation would be from their role’s point of view, in order for them to understand the material and how the material relates to their work. The terminology I choose will also be based on the level of experience they possess. In a situation whereby the audience includes mostly members from the upper level of management, I will focus more on management side of my strategic plan. Lastly, I would try incorporate facts in a way which is understandable to everyone. elaborate complex facts.
The educational level of the viewers will hugely impact the complexity of terms used in the presentation and how deep I can explain the topic presented in the presentation.
Massachusetts passed a law forbidding any public utility from encouraging a pro-nuclear energy position in utility advertisements or in billing information provided to customers. Is the targeting speech protected under the freedom of speech clause
Answer:
Targeting speech is protected by the freedom of speech clause of the First Amendment of the United States Constitution.
Explanation:
It clearly states that
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."
The above amendment guarantees the freedom and the rights of individuals to speak freely. Kindly note that an individual under the law may be:
Human or a Natural Person or a Physical Person. An example of a Natural Person is the person reading this or the person who wrote it. Legal, corporate, or juristic. An example of a corporate is an organisation such as is referred to in the question. The Public Utility Companies are corporate individuals and are beneficiaries of the freedom of expression or speech afforded by the First Amendment.
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