Answer:
Andrews Co.
The company should ______.
should make the part.
Explanation:
a) Data and Calculations:
Costs to make Part XYZ:
Cost Per Unit Total
Variable manufacturing cost $12 $240,000
Supervisor salary $3 $60,000
Depreciation $1 $20,000
Allocated fixed overhead $7 $140,000
Units to be made or bought = 20,000 units
Cost to buy Part XYZ = $18 per part.
Relevant costs:
Make Buy Difference
Variable manufacturing cost $12
Supervisor salary $3
Total relevant cost per unit $15 $18 $3
Total costs $300,000 $360,000 $60,000
b) There is a cost-saving of $60,000 when Part XYZ is made internally. The cost of depreciation is not relevant in the decision since the equipment has no salvage value or any other use. Similarly, the fixed overhead will still be incurred, no matter the alternative chosen by the company.
Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $20,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is Group of answer choices $40,000 $50,000 $70,000 $60,000
Answer:
$40,000
Explanation:
The computation of the amount of cash for the payment of dividends during the year is shown below:
= Beginning dividends payable + Cash dividends Declared - Ending dividends payable
= $10,000 + $50,000 - $20,000
= $40,000
Hence, the amount of cash for the payment of dividends during the year is $40,000
Draw the Marijuana Market (both a supply and demand) and label everything. You can choose a P1 or Q1 option instead of numbers or choose your own numbers. Shift the curve that would occur in the following market for marijuana if the government imposes an excise tax on marijuana sales. What will be the effect on price and quantity
Solution :
The diagram depicts the market for Marijuana where DD represents the demand curve and SS represents the supply curve and initial equilibrium occurs at the point [tex]E_1[/tex], where [tex]P_1[/tex] is the initial equilibrium price and [tex]Q_1[/tex] is the initial equilibrium quantity.
An excise tax on marijuana sales will increase the cost of the production of marijuana and shift the supply curve leftwards to S+tax with new equilibrium at point [tex]E_2[/tex] where the equilibrium price of marijuana has increased to [tex]OP_2[/tex] and equilibrium quantity of marijuana has decreased to [tex]OQ_2.[/tex]
Monroe Minerals Company purchased a copper mine for $122,000,000. The mine was expected to produce 50,000 tons of copper over its useful life. During Year 1, the company extracted 6,400 tons of copper. The copper was sold for $4,900 per ton. Assume that the company incurred $8,540,000 in operating expenses during Year 1. Based on this information, how much net income would Monroe report in Year 1?
Answer:
Your answer is given below:
Explanation:
Depletion cost per ton
= 122,000,000/50,000 tons = 2,440 per ton
Cost of copper sold = 6,400 tons*2,440 = 15,616,000
Sales = 6,400 tons*4,900 = 31,360,000
Net income = Sales - Cost of copper sold - Operating expenses
= 31,360,000 - 15,616,000 - 8,540,000
= $7,204,000
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.
Work in Process Inventory
Beginning WIP 5,200
Direct materials 47,800
Direct labor 30,300
Applied Overhead 16,500
Total Manufacturing Costs 99,800
To Finished Goods ?
Ending WIP 10,300
The cost of units transferred to finished goods is:_________
Answer:
the cost of units transferred to the finished goods is $89,500
Explanation:
The computation of the cost of units transferred to the finished goods is shown below:
Cost of units transferred to finished goods
= Beginning WIP + Direct materials+ Direct labour + Applied overheads-Ending WIP
= $5,200 + $47,800 + $30,300 + $16,500 - $10,300
= $89,500
Hence, the cost of units transferred to the finished goods is $89,500
Kleen Company acquired patent rights on January 10 of Year 1 for $400,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $20,000.
Required:
a. Determine the patent amortization expense for the Year 4 ended December 31.
b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization.
Answer:
a. Particulars Amount
Patent cost $400,000
Less: Amortization for 3 years $150,000 ($400,000*3/8)
Book value at the end of year 3 $250,000
Addition during Year 4 $20,000
Total book value $270,000
Patent amortization expense for the Year 4 = Total book value / Remaining life
Patent amortization expense for the Year 4 = $270,000 / 5
Patent amortization expense for the Year 4 = $54,000
b. Adjusting Entry
Date Account titles Debit Credit
Amortization expense $54,000
Patents $54,000
The Okula Corporation has a one-year insurance policy that was purchased for $2,000. Three months have passed since the purchase. The adjusting entry for the insurance policy would include a
Explanation:
Amount paid for 3 months = 3 month[Total amount / 12 months]
Amount paid for 3 months = 3[2000/12]
Amount paid for 3 months = $500
Books of (..... LTD)
Particular Amount Amount
Cash A/c Debit $500
To Prepaid insurance A/c $500
ways an entrepreneur can attain objectives of being self employed
Answer:
An entrepreneur can achieve his objectives of being self employed in the following ways.
1 Works Hard. ...
2 When he/she is Energetic. ...
3 Wants Financial Success. ...
4 Has Family Support:
5 Takes Risks: ...
6 Sacrifices Employment Benefits: ...
7 Has a Need to Achieve: ...
8 Has Business Experience:
how does under investment affect the market
Answer:
Since the stock market is a vote of confidence, a crash can devastate economic growth. Lower stock prices mean less wealth for businesses, pension funds, and individual investors. Companies can't get as much funding for operations and expansion. When retirement fund values fall, it reduces consumer spending.
Explanation:
Economic Considerations
Business investment can affect the economy's short-term and long-term growth. In the short term, an increase in business investment directly increases the current level of gross domestic product (GDP), because physical capital is itself produced and sold.
Which is not a type of contamination in a good establishment
Answer:
Explanation:
a genogram (also known as a mcgoldrick-gerson study, a lapidus schematic or a family diagram) is a pictorial display of a person's family relationships and medical history. it goes beyond a traditional family tree by allowing the user to visualize hereditary patterns and psychological factors that punctuate relationships.vb
Labor power is a special commodity right or wrong?
Answer:
Right.
Explanation:
The labor market is as much a commodity as the materials are to be processed.
Labor power is a unique commodity in that it is a characteristic of living people who own it in their own bodies. They cannot permanently sell it to someone else because they own it within themselves; otherwise, they would be a slave, and a slave does not own himself.
Describe in one or two paragraphs some steps you can take to make sure that a news article or post is truthful.
Answer:
News online is often fake or false, so you must take additional steps to ensure what you're reading is true. First, you should check the url. if it is a .gov or .edu, it it usually a reliable source. .com websites mean it is a commercial website, one that is just trying to earn money or fame. .edu means educational, and .gov means government, both of which are almost always truthful. That's one of the steps you can take to confirm what you're reading isn't a lie.
You can also check other reliable sorces to see if they say the same thing. If you read an article off a website, Wikipedia being a good example of this, they usually have the sources they used to write said article. Wikipedia always has a list of these at the bottom of their pages. You can check those sources to see if they are reliable, and if they are that increases the validity of the article you read.
Answer:
There are steps you can take to make sure that a news articale or post is truthful. Some examples include the following. Checking reputable websites and media outlets. It is important to check reputable websites and meadia outlets because without checking things how would you know what you are readin is true. The next step you can take to make sure that a news artical or post is truthful is checking the name of a website for red flags. If a website has certain errors you wouldn't normal see nine times out of ten the post or article you are reading is untruthful. Lastly, avoid sharing media messages, which are likely to be fake. You should avoid this because you don't want to be sharing untruthful information without knowing. So, if the website doesn't look truthful then dont share it. Those are some out the many ways you can take to make sure that a news article or post is truthful.
Explanation: My own.
If two companies have the same return on equity (ROE), they will also have the same return on assets (ROA).
a. True
b. False
Answer:
False B
Explanation:
I took the test and got it right on FLVS:)
Hope this help's
The price of crude oil rose to over $100 per barrel in early 2013. What would we expect to see happen to the supply of plastic, which is produced using crude oil
Answer: The supply of plastic will decrease.
Explanation:
Supply simply means the amount of goods and services that a seller is willing to sell at a particular price and a given time period.
It should be noted that one determinant of supply is cost of raw material. Since there's an increase in the price of crude oil which is used in making plastic, there'll be a reduction in the number of plastic that can be produced, therefore, the supply of plastic will reduce.
Tại sao nói Marketing vừa là khoa học, vừa là nghệ thuật?
Answer:
Sorry I can't understand.....
The primary purpose of non-GAAP disclosures is to: Provide investors a set of financial statements and disclosures ahead of GAAP reports included within 10Q and 10Ks. Modify GAAP to provide a more comprehensive detail of income and expense categories. Modify GAAP to better align the reporting of performance with how investors want to see the data. Modify GAAP to make it easier for investors to reconcile GAAP measures of profit to cash flow measures of profit.
Answer: Modify GAAP to better align the reporting of performance with how investors want to see the data
Explanation:
Non-GAAP disclosure are regarded are used in the measurement of the earnings of a company. Non-GAAP measures are used by companies as a addition to their financial statements to show their core operations to investors.
The primary purpose of non-GAAP disclosures is GAAP to better align the reporting of performance with how investors want to see the data.
Which of the following is considered the process in the systems thinking example of a decision support system?
a. transaction
b. processing system.
c. optimization
d. forecasts
Answer: C. Optimization
Explanation:
In the decision making system, TPS is considered to be the input in the systems thinking example.
In the decision making system, optimization is considered to be the process in the systems thinking example.
In the decision making system, TPS is considered to be the input in the systems thinking example.
In the decision making system, a forecast is considered to be the output in the systems thinking example.
A company must invest in project 1 in order to invest in project 2. Which of the following constraints ensures that project 1 will be chosen if project 2 is invested in?
a. X1 + X2 = 1
b. X1 - X2 < = 0
c. X1 - X2 > = 0
d. X1 + X2 = 0
X1 - X2 > = 0, constraints ensures that project 1 will be chosen if project 2 is invested. Thus, option (c) is correct.
What is company?The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
According to the company was the invested in the two projects.
The equation was the X1 - X2 > = 0.
If X1 = 0, X2 will be 0
A company was the equal spend on the projects.
A company are the not less than zero is the investing.
Both should be greater or equal to 0.
As a result, the X1 - X2 > = 0, constraints ensures that project 1 will be decided if project 2 is invested. Therefore, option (c) is correct.
Learn more about on company, here:
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Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing their llamas. Winona is pretty good with a pair of shears; she can shear the llamas in 1 hour. Hubert is somewhat slow; it takes him 9 hours to shear the llamas. Winona earns $200 per hour as a psychiatrist, while Hubert earns $25 per hour as a cobbler. Keeping in mind that either Winona or Hubert must take time off from work to shear the llamas, who has the lowest opportunity cost of completing the task
Answer: Winona has the lowest opportunity cost of completing the task.
Explanation:
Based on the information given in the question, the opportunity cost will be calculated as:
= Earnings per hour × Hours taken to complete the task
Therefore, for Winona, the opportunity cost will be:
= 1 × $200.
= $200.
For Hubert, the opportunity cost will be:
= 9 × $25
= $225
Therefore, based on the calculation above, Winona has the lowest opportunity cost of completing the task.
Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned merchandise. Assuming that the purchase was originally bought on credit for $400 with a cost to Dogs R US of $100, demonstrate required journal entry of Dogs R US to record the return by selecting all of the correct actions below. (Check all that apply.) Multiple select question. Credit Accounts Receivable $400. Credit Sales Returns and Allowances $400. Debit Accounts Payable $400. Credit Merchandise Inventory $100. Credit Cash $400. Debit Sales Returns and Allowances $400. Credit Cost of Goods Sold $100. Debit Cost of Goods Sold $100. Debit Merchandise Inventory $100.
Answer:
Credit cost of goods sold $100.
Debit merchandise inventory $100.
Credit accounts receivable $400.
Debit sales returns and allowances $400.
Explanation:
These are the demonstrate required journal entries of Dogs R US to record the return.
Credit cost of goods sold $100.
Debit merchandise inventory $100.
Credit accounts receivable $400.
Debit sales returns and allowances $400.
Select the behavior related to dress or posture that will be most effective in helping Shawna accomplish her goals.
a. Shawna clasps her hands behind her back so that the audience cannot see them shaking, and to project confidence.
b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
c. Shawna crosses her arms to appear powerful and in charge.
d. Shawna wears a hard hat and kitchen apron to emphasize the hard work done by volunteers.
Answer: b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event
Explanation:
The behavior that's related to dress or posture that will be most effective in helping Shawna accomplish her goals is that Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
Unlike other options such as her clasping her hands behind her back so that the audience cannot see them shaking, and to project confidence and her crossing her arms to appear powerful and in charge, having her dress ready for the event is appropriate as it will help achieve her goal
Therefore, the correct option is B.
The customs,values,and demographic characteristics of the society in which an organization functions are the principal elements of the political-legal environment.
a. True
b. False
Answer:
b. False
Explanation:
There are many factors that regulate and affect the proceedings of the business. Environmental factor is one of the factors among them. Internal environment and external environment effects the proceedings of the business. Political, economic, socio-cultural and technological factors are some of the important factors. Political factors comprises of the political decisions taken by the government that can have any form of effect on the business. Socio-cultural environment comprises of the values, beliefs and culture that helping in shaping the working of the business.
Based on this model, households earn income whenfirms purchaselabor and capital in markets for factors of production. Suppose Simone earns $525 per week working as a jewelry appraiser for Classy's Jewelry Store. She uses $10 to order a mojito cocktail at Little Havana. Little Havana pays Rajiv $300 per week to wait tables. Rajiv uses $175 to purchase a necklace from Classy's Jewelry Store. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Event Market for Factors of Production Market for Goods and Services Simone spends $10 to order a mojito cocktail. Simone earns $525 per week working for Classy's Jewelry Store. Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store. Which of the elements of this scenario represent a flow from a household to a firm
Answer:
a. Event Market for Factors of Production Market for Goods and Services
1. Market for Goods and Services (Simone spends $10 to order a mojito cocktail.)
2. Market for Factors of Production (Simone earns $525 per week working for Classy's Jewelry Store.)
3. Market for Goods and Services (Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store.)
b. Flows from a household to a firm:
Simone spends $10 to order a mojito cocktail.
Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store.
Explanation:
In the product market (the market for goods and services), Simone and Rajiv, representing households spend their earned income in exchange for goods and services produced by firms. In the market for factors of production (factor market), Simone and Rajiv offer their labor, capital, and other factors of production to firms in exchange for income. There is a continual exchange in the two markets between households and firms.
A state is conducting an examination of mortgage loan originator Basil Thyme. During the examination, the agency is authorized to do all of the following, except:a. Administer oaths or affirmationsb. Control access to Basil’s officec. Subpoena witnessesd. Require production of relevant documents
Answer: B. Control access to Basil’s office.
Explanation:
During the conduct of the examination of mortgage loan originator Basil Thyme, the agency is authorized to administer oaths or affirmations, subpoena witnesses and require production of relevant documents.
The agency cannot control the access to Basil's office. It can only control access to any records or documents of an individual whim is under investigation.
a. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would be the value for labor supply?
b. At the imposed wage of $10.25 what would be the value for labor demand?
c. Provide a properly labeled and appropriately articulated Labor Market Model given the labor supply and demand equations provided and the imposed wage of $10.25.
d. Based on the labor market model you’ve now illustrated, how would you describe the current condition of this market given the imposed wage?
Solution :
Given the wage = $ 10.25 that is to be imposed to the market.
Given equation :
[tex]L_D[/tex] = 500 – 45W and [tex]L_S[/tex] = -200 + 25W
If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.
At W = 10.25
Putting this value in the above equation, the labor supply would be
[tex]L_S[/tex] = -200 + 25W
[tex]L_S[/tex] = -200 + 25(10.25)
= 56.25
When W = 10.25, the value for the labor demand can be found by :
[tex]L_D[/tex] = 500 – 45W
[tex]L_D[/tex] = 500 – 45(10.25)
[tex]L_D[/tex] = 500 – 461.25
[tex]L_D[/tex] = 38.75
Therefore, the labor demand and the labor supply model is
[tex]L_D[/tex] = 400 - 45 x 10.25
[tex]L_S[/tex] = -200 + 25 x 10.25
In most countries, contract and temporary employees are much more expensive to lay off than full-time employees.
A. True
B. False
Answer:
False
Explanation:
A company had interest expense of $7,800, income before interest expense and income taxes of $19,200, and net income of $9,600. The company's times interest earned ratio equals:
Answer:
2.5 times
Explanation:
The company's times interest ratio is computed as;
= Income before interest expense and income taxes / Interest expenses
Given that;
Income before interest expense and income taxes = $19,200
Interest expenses = $7,800
Then,
Company's interest times ratio = $19,200 / $7,800
Company's interest times ratio = 2.5 times
Partial annual report of a company shows the following information. Calculate the inventory turnover for this company. Net revenue $75,000 Cost of goods sold $62,000 Value of raw materials on-hand $12,300 Value of work-in-process inventory $5,000 Value of finished goods on-hand $6,700
Answer: More than
Explanation:
Inventory turnover will be calculated as:
= Cost of goods sold / Average Inventory
Average Inventory will be:
= (Beginning inventory + Ending inventory) / 2
= ($5000 + $12300)/2
= $17300/2
= $8650
Then, Inventory turnover will be:
= Cost of goods sold / Average Inventory
= $67000/$8650
= 7.74
The correct option is "More than 4"
An investment strategy has an expected return of 21 percent and a standard deviation of 15 percent. Assume investment returns are bell shaped. a. How likely is it to earn a return between 6 percent and 36 percent?
Answer:
68%
Explanation:
Given :
Mean, μ = 21
Standard deviation, σ = 15
Recall :
Zscore = (x - μ) / σ
P(Z =(x - μ) / σ) - P(Z =(x - μ) / σ)
x = 6 and x = 36
P(Z =(36 - 21) / 15) - P(Z =(6 - 21) / 15)
P(Z = 1) - P(Z = - 1)
Using the Z probability calculator :
P(Z = - 1) = 0.15866
P(Z = 1) = 0.84134
0.84134 - 0.15866
= 0.68268
= 0.68
= 68%
Identify the following questions as most likely to be asked by an internal or an external user of accounting information.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
Answer:
Find the answers below
Explanation:
1. Shareholders - External users
2. Creditor - External users
3. Nonexecutive employee - External users
4. Research and development director - internal users
5. Purchasing manager - internal users
6. Human resources director - internal users
7. Production supervisors - internal users
United Airlines is considering purchase of two alternative planes. Plane A has an expected life of 5 years., will cost $100 million, and will result in net cash flow of $30 million every year. Plane B has a life span of 10 years, will cost $132 million, and will produce net cash flow of $25 million per year. United Airlines plan to serve the route only for 10 years. Inflation in operating costs, airline costs and fares are expected to be zero. The company's cost of capital is 12%. By how much would the value of the company increase if the company accepts the better project ( plane).
Answer:
United Airlines
The value of the company would increase by $9.25 million if it accepts the better project (Plane B).
Explanation:
a) Data and Calculations:
Alternative 1 Alternative 2
Plane A Plane B
Initial project cost $100 million $132 million
Annual net cash inflow $30 million $25 million
Expected lifespan 5 years 10 years
Cost of capital = 12%
Present value Annuity factor 3.605 5.650
Present value of cash inflows $108,150,000 $141,250,000
Net present value = $8,150,000 $9,250,000
The better project (plane) is Plane B.