Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month.

Cost Formulas
Direct labor $16.20q
Indirect labor $4,300 $1.70q
Utilities $5,600 $0.70q
Supplies $1,400 $0.20q
Equipment depreciation $18,400 $2.90q
Factory rent $8,200
Property taxes $2,700
Factory administration $13,200 $0.80q

The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below.

Direct labor $66,360
Indirect labor $10,620
Utilities 8,930
Supplies 2,450
Equipment depreciation $30,000
Factory rent 8,600
Property taxes $2,700
Factory administration $15,796

Required:
a. Prepare the Production Department's planning budget for the month
b. Prepare the Production Department's flexible budget for the month.

Answer:

A. Consists of constructing a hierarchy of criteria and subcriteria.

Explanation:

The Analytical Hierarchy process was developed by Thomas Saaty for use by organizations seeking to make very complex decisions. The first step in this approach involves the breakdown of the problem into criteria and sub-criteria. The reason for this breakdown is to ensure a smoother analysis of the problem.

After these alternatives are developed comparisons are made of the different criteria using data obtained from them or human reasoning and perceptions. The next step is the compilation of the numerical probability of the alternatives which is a rigorous process.

Answer:

1. buy in Los Angeles, sell in Frankfurt

2. buy in Frankfurt; sell in Los Angeles

3. remain unchanged

Explanation:

Note that as for me working for the bank I'm buying Euros, in turn to sell to receive the Dollar.

1. Thus, in Los Angeles the exchange rate indicates a profit if it is bought there and sold in Frankfurt where the Euros values more than it does in Los Angeles.

2. For the foreign exchange traders who already own Euros and want to buy dollars, they would make a profit by buying Dollars in Frankfurt where the Euros has greater and value and selling the bought dollars in Los Angeles where the dollar has greater value.

3. This is the case because there's a balance in demand as a result of the arbitrage trading.

Answer:

Option C

Explanation:

In simple words, scienter relates to the psychological condition where one is conscious that his or her acts, words, etc., are false, dishonest or unlawful: sometimes seen as a presumption of guilt. Scienter can be defined as the legal term as well for malicious intentions or knowledge and understanding.

An offending entity then has prior information of an act or event's "wrongness" before actually perfroming it. For instance if an individual sells his friend an old car with car brakes that don't work but the seller doesn't know at all about the brake pad problem, then the seller doesn't have a scienter.

Answer:

FIRST CASE;

Accounting Break even = $13,094

Cash break even = $10,394

SECOND CASE;

Accounting Break even = $6,870

Cash break even = $1,387

THIRD CASE;

Accounting Break even = $189

Cash break even = $15

Explanation;

#Accounting break even point refers to the level of sales whereby a business generates exactly zero profits, i.e volume of sales or revenue exactly equals total expenses.

It can be calculated using below formula;

Accounting Break even = (Fixed cost per unit + depreciation) ÷ (unit price per unit - variable cost per unit)

#The cash break-even point provide a minimum amount of revenue of a firm generated from sales that are needed to provide positive cash flow.

It can be calculated using the below formula;

Cash break even = Fixed cost ÷ (selling price per unit - variable cost per unit )

FIRST CASE:

Accounting Break Even = ( 1,850,000 + $7,120,000) ÷ (3,340 - 2655) = 13,094unit

Cash Break Even = ($7,120,000) ÷ (3,340 - 2655)

= 10,394

SECOND CASE;

Accounting Break even = ($86,000 + $340,000) ÷ (141 - 79)= 6870

Cash break even = ($86,000) ÷ (62)= 1,387

THIRD CASE;

Accounting Break even = ($3,600 + 760) ÷ (30 - 7)= 189

Cash break even = ($3,600) ÷ (30 - 7) = 156

Answer: Refundable Tax Credit

Explanation:

When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.

If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.

Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.

Answer:

Cost of goods sold = $820,000

Explanation:

Cost of goods sold represent the amount incurred as direct expenditures on the goods sold. It is measured in cost and cal calculated as follows:

Cost of goods sold = opening inventory + purchases+ freight charges  - closing inventory

                  = 280,000 + 720,000 + 60,000 - 240,000 = 820,000

Cost of goods sold = $820,000

Answer:

discount bond.

Explanation:

A premium bond is one whose price is above its par value, while a discount bond is one whose price is below its par value. Therefore, to find the answer, we need to find the price of the bond.

To find the price of the bond, we use the formula attached in this answer.

In the formula, YTM = Yield to Maturity, C = Value of the Coupon payment, P = par value of the bond, and n = number of periods till matirity.

We have this information.

YTM = 16%

P = 1,000

The number of periods n = 32 because it is a 16-year bond that pays a semiannual coupon, so 16*2 = 32

Finally, the coupon payment is 45 because the coupon rate is 9%, and the coupon is paid semiannually, so the formula is 9%*1,000 / 2.

Plugging the amounts into the formula we obtain the following answer:

Price of the bond = 287.5

Because the price of the bond is so much lower than its par value, the bond is a discount bond.

Answer (1)

False

Explanation:

Getting a paycheck is not what most people want out of their job, studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs. Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.

Answer (2)

True

Explanation:

Different people have different reasons for working, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

2. Belongingness

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.

Answer:

The extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit.

Explanation:

A profit maximizing firm will continue to use more factors of production as long as the cost of the extra factors of production is equal to or less than the marginal revenue product. Marginal revenue product refers to the additional revenue generated by employing extra units of factors of production. It is calculated by multiplying the marginal product (the number of extra units produced) times the selling price of the extra units produced.

E.g. a firm that produces chairs will continue to increase its production level as long as the cost of direct labor, materials and variable manufacturing overhead is less or equal to the selling price of the chairs.

A profit maximizing firm is going to use more of a factor of production when The extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit.

The correct answer is option A.

The reason for this answer is the fact that we have the condition where

MC = MRP

Marginal cost is equal to the Marginal revenue product.

The firm is going to produce more given the fact as more output revenue is more than cost.

The additional cost of another factor is Marginal cost, MC.

Here extra cost of using another factor = MC

given that WR = MC where wage is a cost,

Then the WR is greater than MRP hiring an additional worker would result in less revenue. So workers have to be hired less till we arrive at MR=MRP.

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Answer:

$42,060

Explanation:

Walberg Associates cost of the inventory acquired from the estate will be:

Cost of inventory

Price 39,100

Transportation 2,000

Shipment Insurance 310

Cleaning and refurbishing 650

Total cost of inventory 42,060

the cost of the inventory acquired from the estate is $42,060.

Inventory is the goods and materials that a business holds for the ultimate goal of resale, production, or utilization.

It is a current asset on a company's balance sheet, and it can be categorized as raw materials, work-in-progress, or finished goods. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods.

Walberg Associates' cost of the inventory acquired from the estate will be:

Cost of inventory

Price 39,100

Transportation 2,000

Shipment Insurance 310

Cleaning and refurbishing 650

Total cost of inventory          $42,060

Therefore, total cost of inventory  $ 42,060.

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Answer:

I'm not 100% but I strongly believe it is A. as after the Civil War post 1860's the Industrial Revolution took over the nation and a majority of laborers/workers were doing Industrial work.

Explanation:

Answer:

Please check the attached image for the depreciation schedule

2. Units of production method

Explanation:

Book value in year 1 = Cost of asset - Depreciation expense of year 1

Book value in year in subsequent years = previous book value - that year's depreciation expense

Accumulated depreciation is sum of deprecation expense

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($18,000 - $3,000) / 4 = $3,750

Depreciation expense each year of the useful life is $3,750

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Deprecation factor = 2 x (1/useful life) = 0.5

Depreciation expense in year 1 = 0.5 x $18,000 = $9,000

Book value = $18,000 - $9,000 = $9,000

Depreciation expense in year 2 = 0.5 × $9,000 = $4,500

Book value = $9,000 - $4,500 = $4,500

Depreciation expense in year 3 = 0.5 x $4,500 = $2250

Book value = $4,500 - $2250 = $2250

Depreciation expense in year 4 = 0.5 × $2250 = $1125

Depreciation expense using the unit of production method =( Total production in the year/ total productive capacity) × (cost of asset - Salvage value)

Depreciation expense in year 1 = ($18,000 - $3,000) x (300 / 3000) = $1,500

Depreciation expense in year 2 =18,000 - $3,000) x (900 / 3000) = $4,500

Depreciation expense in year 3 = (18,000 - $3,000) x (1200 / 3000) = $6,000

Depreciation expense in year 3 = (18,000 - $3,000) x (600 / 3000) = $3,000

The Units of production method tracks wear and tear accurately because deprecation depends on the production each year.

I hope my answer helps you

Answer:

What is the NPV for the project if Yurdone's required return is 10 percent?

If Yurdone requires a return of 10 percent on such undertakings, should the firm accept or reject the project?

At what constant growth rate would the company just break even if it still required a return of 10 percent on investment?

Explanation:

initial investment = $1,400,000

net cash inflow₁ = $87,900

perpetual growth rate = 5%

required rate of return = 10%

project's current intrinsic value = $87,900 / (10% - 5%) = $1,758,000

project's NPV = $1,758,000 - $1,400,000 = $358,000

$1,400,000 = $87,900 / (10% - g)

$1,400,000(10% - g) = $87,900

$140,000 - $1,400,000g = $87,900

$140,000 - $87,900 = $1,400,000g

$52,100 = $1,400,000g

g = $52,100 / $1,400,000 = 3.72%

Answer:

$10.42

Explanation:

The computation of the intrinsic value of this preferred stock using the DDM method is shown below:

= Annual dividend ÷ required rate of return

where,

The Annual dividend is $1.25

And, the required rate of return is 12%

Now placing these values to the above formula,

So, the intrinsic value of the preferred stock is

= $1.25 ÷ 0.12

= $10.42

Hence, the second option is correct

Answer:

A

Explanation:

price and terms bargaining effectiveness, achievement of quality goals, and direct materials price variance

purchasing evaluation provides feedback  to the purchasing department on the effectiveness of an organzations purchasing strategies and effectiveness. The obvious performance measure of the success of this department is the amount of money saved by the organization. Purchasing effectiveness can be assessed by  reviewing inventory turnover ratio.

bargaining effectively with suppliers is a reason for favorable material price variance

The following unadjusted trial balance is prepared at fiscal year-end for Garcia Company:

Cash $1,000  

Merchandise Inventory 12,500  

Store supplies 5,800

Prepaid Insurance 2,400  

Store equipment 42,900  

Accumulated depreciation - Store equipment  $15,250

Accounts payable  10,000

Common Stock  5,000

Retained Earnings  27,000

Dividends 2,200  

Sales  111,950

Sales discounts 2,000  

Sales returns and allowances 2,200  

Cost of goods sold 38,400  

Depreciation express - Store equipment 0  

Salaries expense 35,000  

Insurance expense 0  

Rent expense 15,000  

Store supplies expense 0  

Advertising expense 9,800  

Totals $169,200 169,200

Answer:

Garcia Company

Computation of:

a) Current Ratio = Current Assets/Current Liabilities = $14,140/$10,000 = 1.4

b) Acid- Test Ratio = (Current Assets - Inventory - Prepaid Insurance - Stores Supplies )/Current Liabilities = ($14,140 - 10,150 - 2,150 - 840)/$10,000 = 0.1

Here, we disregarded Inventory, Prepaid Insurance, and Stores Supplies from the current assets because they are difficult to recover in order to settle short-term debts.  So, only the Cash Balance was used for the calculation.

c) Gross Margin Ratio = Gross Profit/Net Sales x 100 = $69,350/$107,750 x 100 = 64.4%.

Explanation:

Adjusting Items:

a. Store Supplies:

Per Trial Balance $5,800

less year-end balance $2,150

Store Supplies Expense $3,650

b. Prepaid Insurance:

Per Trial Balance $2,400

less expired     $1,560

Insurance Expense $840 (Admin Expense)

c. Accumulated Depreciation:

Per Trial Balance $15,250

Depreciation Expense $6,700

Accumulated depreciation at year-end $21,950

d. Ending Inventory $10,150

e. Adjusted Trial Balance:

Cash                                                         $1,000  

Merchandise Inventory                                 12,500  

Store supplies                                           2,150

Prepaid Insurance                                             840  

Store equipment                                       42,900  

Accumulated depreciation - Store equipment  $21,950

Accounts payable                                                    10,000

Common Stock                                                     5,000

Retained Earnings                                                   27,000

Dividends                                                 2,200  

Sales                                                                   111,950

Sales discounts                                         2,000  

Sales returns and allowances                 2,200  

Cost of goods sold                               38,400  

Depreciation expense - Store equipment 6,700  

Salaries expense                                      35,000  

Insurance expense                                 1,560  

Rent expense                                              15,000  

Store supplies expense                               3,650  

Advertising expense                               9,800  

Totals                                                 $175,900        175,900

f. Income Statement

Sales                               $111,950

Sales discounts                        (2,000)

Sales returns and allowances      (2,200)

Net Sales                                   $107,750

Cost of Goods Sold                      38,400

Gross Profit                                $69,350

Selling Expenses:

Depreciation                 $6,700

Salaries expense        17,500

Rent expense                 7,500  

Store supplies expense 3,650  

Advertising expense      9,800  (45,150)

Administrative Expenses:

Insurance                      $1,560

Salaries expense        17,500

Rent expense                 7,500   (26,500)

Net Loss                                      ($2,360)

Inventory Shrinkage                   ($2,350)

Retained Earnings b/f                  27,000

Dividends                                      (2,200)

Retained Earnings c/f               $20,090

g) Balance Sheet

Assets:

Cash                                                  $1,000  

Merchandise Inventory                           10,150  

Store supplies                                    2,150

Prepaid Insurance                                      840          $14,140  

Store equipment                       42,900  

Accumulated depreciation         (21,950 )                  $20,950

Total Assets                                                               $35,090

Liabilities + Equity:

Accounts payable                                              $10,000

Common Stock                                                 5,000

Retained Earnings                                               20,090

Total Liabilities + Equity                                          $35,090

h) Current Ratio: According to investopedia.com, "The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year," showing investors and analysts how a company can maximize its current assets to meet its current debt and other payables.

i) Acid-test or quick ratio is the financial ratio that compares a company's most short-term assets to its most short-term liabilities to see if a company has enough cash to pay its immediate liabilities, such as short-term debts, disregarding difficult-to-liquidate current assets such as inventory.

j) The gross margin ratio represents a percentage of the gross profit over the net sales, multiplied by 100.  This ratio is also known as the gross profit margin or the gross profit percentage, or simply the gross margin.

Answer:

Steve Jobs coming back, Innovations, and Tim Cook taking over as COO

Explanation:

The fluctuations in stock prices of a company are due to improved performance of the company in meeting it's objectives and perception that the business will do better in the future.

In the given scenario there was an initial increase in Apple’s stock price from $27.97 to $702.10, an increase of 25 times.

This can be attributed to the return of Steve Jobs as the CEO of Apple. There was a confidence boost by his coming back. Also there were various innovations like: iPhone, iMac, iPod, and iTunes. These improved the performance and by extension share price of Apple.

However when Tim Cook took over as COO he reduced production by half resulting in stock price decrease by 37% from its peak in September 2012 until the end of March 2013, from $702.10 to $442.66.

The specific attributes of Apple's operational performance that increased its stock performance before and after the 2012 peak could be attributed to the following operational factors:

1. The return of Steve Jobs as Apple's CEO brought in active and innovative leadership and management style that revitalized the company's operational performance.

2. The following innovations, like iPhone, iMac, iPod, and iTunes, skyrocketed Apple's stock performance and boosted investor confidence in the company's leadership.

3. The reduction in the stock performance occurred when Tim Cook took over following the death of Steve Job, especially with some of the operational changes that halved production units.

Thus, the starring increase of Apple's stock price from $27.97 to $702.10 in 2012 and the subsequent reduction to $442.66 can be attributed to the above operational factors.

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Answer:

Ortega should set a target cost of $35

Explanation:

Target cost is the competitive market price of a product minus the desired profit margin.

Competitive market price in this case is $45

Desired profit margin is $10

Target cost=competitive market price-desired profit amount

target cost=$45-$10=$35

Target cost for which the company must produce the hard drive in order to sell at $45 per drive and make a profit of $10 per drive is $35

Answer:

Find below properly indented question:

Kleiner Merchandising Company

Accumulated depreciation $ 700

Beginning inventory 5,000

Ending Inventory 1,700

Expenses 1,450

Net Purchases 3,900

Net Sales 9,500

Krug Service Company

Expenses $ 12,500

Revenues 14,000

Cash 700

Prepaid rent 800

Accounts payable 200

Equipment 1,300

Merchandiser:

cost of goods available is $8,900

Cost of goods sold is $7,200

Gross profit is $2,300

Net income is $850

Krug Service company:

Net income is$1,500

Explanation:

Merchandiser:

Cost of goods available=beginning inventory+net purchases

costs of goods available=$5,000+$3,900=$8,900

Cost of goods sold=cost of goods available-ending inventory

cost of goods sold=$8,900-$1,700=$ 7,200.00  

Gross profit =net sales-cost of goods sold

gross profit=$9,500-$7,200=$2,300

Net income=gross profit-expenses

net income=$2,300-$1450=$850

Krug Service company

Net income=revenue-expenses=$14,000 -$12,500=$1,500

Answer:

The accumulated amount in the account  = $84,989.09

Explanation:

The amount that has been accumulated in the account is the future value of 25,000 invested invested at 6% interest compounded annually .

FV = PV × (1+r)^n

Future Value(FV) =  ?, Present Value(PV) - 25,000, rate(r)- 6%, number of years(n)-21

FV = 25,000× (1.06)^21

FV = $84,989.09

The accumulated amount in the account  = $84,989.09

Answer:

Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month.

Explanation:

Answer:

2.83%

Explanation:

Actual initial investment=$23,100-5% front-end load=$23,100-(5%*$23100)=$21,945.00  

The number of shares= 21,945.00/$21=1045  shares

The securities increased in value by 10% i.e $21 increased by 10%

new security value=$21*(1+10%)=$23.1 0

If the shares  were sold at end of the year the cash receivable by the investor is computed thus:

cash=new security value*number of shares-1.6% expense ratio

cash =23.10*1045=$24,139.50  

cash paid to investor= 24,139.50-( 24,139.50*1.6%) =$23,753.27  

rate of return=cash received-cash invested/cash invested= (23,753.27-23,100)/23100  

Answer: Please see below

Explanation:

Maturity dates

I year after April 1st 2018 = April 1st 2019

6 months after sept 30 2018 = March  30, 2019

90 days after september 19=  December 18 2018

Maturity value of each note

note 1

Principal = 6000

Interest= 7%

period= 6months

interest earned= 6000 x 7% x 12/12 = 420

Maturirty value = principal + interest= 6000 + 420= $6,420

note 2

Principal = 12,000

Interest= 6%

period= 6months

interest earned= 12000 x 6% x 6/12 = 360

Maturirty value = principal + interest = $12,360

note 3

Principal = 18000

Interest= 8%

period= 90 days  

interest earned= 18000 x 8% x 90/360 = 360

Maturirty value = principal + interest = $18,360

interest revenue accured from the three notes = $420 + $360+360

=$1140

on April 1st 2018

Account                                   Debit         Credit

Notes  1 receivable             $6, 000

Cash collected                                               $6,000

september 30, 2018

Notes 2  receivable             $12,000

Cash collected                                             $12,000

September  19, 2018

Notes 3  receivable             $18,000

Cash collected                                               $18,000

December 31st 2018

Interest receivable               $1140

interest revenue                                               $1140

Answer:

The amount of finance is $65,900

Explanation:

The amount of financing is the amount of the loan given by the mortgage finance provider which in this case is the cost of the property minus down payment  plus closing costs.

cost of property is  $78,000

downpayment is 20% of the property cost=20%*$78,000=$15,600

closing costs is $3,500

the amount of finance=$78,000-$15,600+$3,500=$65,900

Answer:

5.1

Explanation:

Times interest earned ratio can be described as the ability of an organisation to make their debt payment within the stipulated period of time

The formular for calculating Times interest earned ratio is

= Earnings before interest and tax/Total interest payable

The interest exsense can be calculated as follows

Interest expense= $826,000×10/100

= $82,600

Since the income generated before income tax is $342,000

The time interest earned ratio is calculated as follows

= $342,000+ $82,600/$82,600

= $424,600/$82,600

= 5.14

= 5.1 ( rounded to 1 decimal place)

Hence the Times interest earned ratio is 5.1

Answer:

Presenta Don Quijote de la Mancha: autor,

fechas, tema, personajes.

2. Relata las diferentes etapas de la historia

de don Quijote de la Mancha.

3. Elige un adjetivo para calificar a don Quijote

y a Sancho Panza y justifica: aventurero,

razonable, loco, heroico, te

Explanation:

Presenta Don Quijote de la Mancha: autor,

fechas, tema, personajes.

2. Relata las diferentes etapas de la historia

de don Quijote de la Mancha.

3. Elige un adjetivo para calificar a don Quijote

y a Sancho Panza y justifica: aventurero,

razonable, loco, heroico, te

Presenta Don Quijote de la Mancha: autor,

fechas, tema, personajes.

2. Relata las diferentes etapas de la historia

de don Quijote de la Mancha.

3. Elige un adjetivo para calificar a don Quijote

y a Sancho Panza y justifica: aventurero,

razonable, loco, heroico, te

Answer:

The correct answer is the option E: higher if she sends the jewelry to Thailand in separate boxes because she's risk averse.

Explanation:

On the one hand, if Lori is risk averse then that means that she tends to prefer the less risk that can be in the moment of making a decision without given importance to what she can make of that decision.

On the other hand, the expected utility hypothesis states that Lori will choose the option that will have a greater utility according to the situations.

In conclussion, Lori will choose to send the jewelry to Thailand in separate boxes because she is risk averse and she will prefer to expend more money and lower the risks and by doing that she will have a higher expected utility.

Answer:

a. Qualified residence acquisition debt interest

b. Qualified home equity debt interest

Explanation:

Qualified residence interest deduction includes all interests on debt related to  building, acquiring or improving your primary residence.

Before 2018, any interests on home equity loans were deductible, but not anymore. Only those interests on equity loans used to improve your existing home (build or remodel) qualify as deductible home equity debt interest. If the debt was taken before 2018, you can still deduct the interests even if it was used for paying college tuition, but since we are not given any dates here, we must assume it was a new debt.  

Answer:

Kindly check attached picture

Explanation:

Kindly check attached picture for detailed explanation