Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. His fingers are aching by the time he reaches May and he is worried about his ability to stuff tacos during tomorrow's dinner rush. Help him out by finding the forecast for June.

a. 497.4
b. 482.8
c. 583.5
d. 588.0

Answers

Answer 1

Answer:

c. 583.5

Explanation:

The forecast for the Tacos in the month of June will be 583.5. The forecasting technique help the businessmen to plan and organize their business activities according to the expected demand. There can be slight deviation from forecast or in some case there can be major deviation due to unexpected events. Seasonal effects are also considered when forecasting sales for the product.


Related Questions

The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget:
Data Year 2 Quarter Year 3 Quarter
1 2 3 4 1 2
Budgeted unit sales 45,000 70,000 120,000 75,000 80,000 90,000
Selling price per unit $7
Accounts receivable,
beginning balance $65,000
Sales collected in the
quarter sales are made 75%
Sales collected in the quarter
after sales are made 25%
Desired ending finished
goods inventory is 30% of the
budgeted unit sales
of the next quarter
Finished goods
inventory, beginning 12,000 units
Raw materials required
to produce one unit 5 pounds
Desired ending inventory
of raw materials is 10% of the next
quarter's production
needs
Raw materials
inventory, beginning 23,000 pounds
Raw material costs $0.80 per pound
Raw materials
purchases are paid 60% in the quarter the
purchases are made and
40% in the quarter
following purchase
Accounts payable for
raw materials, beginning
balance $81,500
A. What are the total expected cash collections for the year under this revised budget?
B. What is the total required production for the year under this revised budget?
C. What is the total cost of raw materials to be purchased for the year under this revised budget?
D. What are the total expected cash disbursements for raw materials for the year under this revised budget?
E. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem?

Answers

Answer:

                                                           

                                                              Year 2

A. Total expected cash collections   $2,077,500

B. Total required production               312,000 units

C. Total cost of raw materials to be

    purchased for the year                  $1,262,800

D. Total expected cash disbursements for raw materials = $1,220,860

E. There is a potential problem in quarter 3.  This can be resolved by producing more units in the previous quarters.

Explanation:

a) Data and Calculations:

Old selling price per unit = $8

New selling price per unit = $7

                                                                Year 2                            Year 3

                                                                Quarter                         Quarter

                                                1           2             3           4           1            2

Budgeted

unit sales 45,000  70,000   120,000   75,000   80,000   90,000

Sales   $315,000  $490,000  $840,000  $525,000  $560,000  $630,000

Accounts receivable,  beginning balance = $65,000

Desired ending finished  goods inventory is 30% of the  budgeted unit sales  of the next quarter

Finished goods  inventory, beginning = 12,000 units

Raw materials required  to produce one unit = 5 pounds

Desired ending inventory  of raw materials =  10% of the next  quarter's production needs

Raw materials inventory, beginning = 23,000 pounds

Raw material costs $0.80 per pound

Raw materials payments:

60% in the quarter purchases are made  

40% in the quarter  following purchase

Accounts payable for  raw materials, beginning  balance = $81,500

                                         1              2                3                4            Total

Cash collections      

Sales collected:

75% in the quarter  $236,250 $367,500 $367,500  $630,000 $1,601,250

25% second quarter   65,000      78,750    122,500     210,000     476,250

Total collections      $301,250 $446,250 $490,000  $840,000$2,077,500

Production budget:

                                                       Year 2                            Year 3

                                                       Quarter                         Quarter

                                         1           2             3           4           1            2

Budgeted unit sales 45,000  70,000   120,000   75,000   80,000   90,000

Ending inventory       21,000   36,000    22,500  24,000    27,000

Goods available       66,000  106,000   142,500   99,000 107,000

Beginning inventory 12,000    21,000     36,000  22,500   24,000

Production units      44,000    85,000   106,500  76,500   83,000

Total production units for the year = 312,000 units

(44,000 + 85,000 + 106,500 + 76,500)

Purchase of raw materials:

                                                               Year 2                            Year 3

                                                               Quarter                         Quarter

                                              1               2                3                4           1  

Production units               44,000      85,000    106,500     76,500    83,000

Ending inventory              42,500      53,250     38,250      41,500

Raw materials needs     220,000   425,000   532,500   382,500  415,000

Raw materials available 262,500   478,250   570,750   424,000

Beginning inventory        23,000      42,500     53,250     38,250     41,500

Purchases                      239,500   435,750    517,500   385,750

Purchase costs             $191,600 $348,600 $414,000 $308,600

Total purchases = $1,262,800

Cash Disbursements for raw materials:

                                                              Year 2                            Year 3

                                                             Quarter                         Quarter

                                         1               2                3                4           1  

60% in the quarter      $114,960  $209,160  $248,400   $185,160    

40% in the ffg quarter    81,500      76,640     139,440     165,600

Total disbursements  $196,460 $285,800  $387,840  $350,760

Total expected cash disbursements for raw materials = $1,220,860

Tina, Jack, and Jade were just about to deliver a presentation together. Tina said, "Remember to emphasize our need for a larger budget." Jack replied, "No, I think we need to emphasize our need for another member on the team." Which principle for delivering effective team presentations did the team most violated in this instance

Answers

Answer:

A- Stand together and present a united front.

Explanation:

It is correct to say that the team violated the principle of being together and presenting a united front, because in an effective presentation of a team, there must be cohesion and consensus among team members about the team's goals and needs, which was violated when Tina reported a different need than Jack considered the essential need to be emphasized during the presentation.

It is necessary that during the presentation the team is integrated in its objectives and proposals, so that there is greater reliability of what is being discussed and greater acceptability. It is essential for the team to reach consensus and be cohesive at the time of the presentation.

Effective team presentation is achieved by demonstrating a strong and effective team performance. The principle violated in this scenario is stand together and present a united front.

From the scenario described, we could infer that the team disagreed on which what should be the main point of focus.

This highlights that the team isn't totally sharing the same view or purpose for the presentation. Hence, inferring dichotomy.

Hence, the team violates the principle of "stand together and present a united front. "

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Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs PoolCost DriverOverhead Cost Budgeted Level for Cost Driver Quality controlNumber of inspections$77,000 1,100 Machine operationMachine hours 153,000 1,500 Materials handlingNumber of batches 1,200 30 Miscellaneous overhead costDirect labor hours 57,000 5,700 Sheen Co. has an order for 1,000 laser printers that has the following production requirements: Number of inspections295 Machine hours240 Number of batches6 Direct labor hours770 Using activity-based costing, applied machine operation overhead for the 1,000 laser printers order is: Multiple Choice

Answers

Answer:

Total allocated costs= $53,070

Explanation:

First, we need to calculate the allocation rates using the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Quality control=  77,000 / 1,100 = $70 per inspection

Machine operation= 153,000 / 1,500 = $102 per machine hour

Materials handling= 1,200 / 30 = $40 per batch

Miscellaneous overhead cost=   57,000 / 5,700= $10 per labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Quality control= 70*295= 20,650

Machine operation= 102*240= 24,480

Materials handling= 40*6= 240

Miscellaneous overhead cost= 10*770= 7,700

Total allocated costs= $53,070

The Kleins currently use part time, contract employees hired through the vocational rehabilitation program. Before hiring any permanent, full-time employees, they want to better understand the role small businesses play when it comes to job creation. Which of the following explanations should you provide?

a. Working for a small business necessarily means forgoing top pay.
b. Small companies typically employ the owner or founder, but do not hire other employees.
c. Almost one out of four workers in the United States works for a company that has fewer than 20 employees.
d. Less than 1% of U.S. companies have 500 or more employees.

Answers

Answer:

D. Less than 1% of U.S. companies have 500 or more employees.

Explanation:

From statistics, about 99.9% of the businesses in the united states of America are small businesses. This is to say that these small businesses are major employers of labour. The small business is an independent business that has less than 500 people in it's labor force. So they play a very crucial role in job creation. Especially since only about 1% of the big companies up to 500 or more employees. The small business creates job opportunities for a greater percentage of the population.

At the beginning of the current tax year, Amy's capital account has a balance of $300,000, and the LLC has debts of $200,000 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AM's operations for the current year is obtained from the LLC's records.

Ordinary income $400,000
Interest income 4,000
Short-term capital loss 6,000
Long-term capital gain 12,000
Charitable contribution 4,000
Cash distribution to Amy 20,000

Year-end LLC debt payable to unrelated parties is $140,000. If all transactions are reflected in her beginning capital and basis in the same manner.

Required:
Prepare Amy's capital account rollforward from the beginning to the end of the tax year.

Answers

Answer:

$477,000

Explanation:

Preparation of Amy's capital account rollforward from the beginning to the end of the tax year.

Capital account balance, beginning of year $300,000

Add Amy's share of:

Taxable income $200,000

($400,000*50%)

Interest income $2,000

($4,000*50%)

Net short-term capital Loss ($3,000)

($12,000-$6,000*50%)

$499,000

Less:

Charitable contribution $2,000

($4,000*59%)

Cash distribution to Amy $20,000

($22,000)

Amy's capital account end of year $477,000

($499,000-$22,000)

Therefore Amy's capital account rollforward from the beginning to the end of the tax year will be $477,000

Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for​ $18 each and used a budgeted selling price of​ $18 per unit. Actual Budgeted Units sold ​45,000 units ​31,000 units Variable costs ​$161,000 ​$150,000 Fixed costs ​$44,000 ​$50,000 What is the​ static-budget variance of variable​ cost

Answers

Answer:

See below

Explanation:

what is the meaning of marketing​

Answers

Answer:

Marketing is a set of activities related to creating, communicating, delivering, and exchanging offerings that have value for others.

the action or business of promoting and selling products or services, including market research and advertising.

Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $19 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee’s total paid-in capital decline if it now reacquires 1 million shares at $24 per share?

Answers

Answer:

$23 million

Explanation:

Calculation to determine at what amount will Agee’s total paid-in capital decline

First step is to calculate the Cash paid for the first repurchase

Cash paid for the first repurchase = 1 million * 19

Cash paid for the first repurchase = $19 million

Second step is to calculate the Value of first purchase

Value of first purchase = 1 million * 21

Value of first purchase = $21 million

Third step is to calculate the Benefit on first repurchase

Benefit on first repurchase = 21 million - 19 million

Benefit on first repurchase = $2 million

Fourth step is to calculate Cash paid for second repurchase

Cash paid for second repurchase = 1 million * 24

Cash paid for second repurchase = $24 million

Fifth step is to calculate the Value of second purchase = Reacquired shares * Common stock price

Value of second purchase = 1 million * 21

Value of second purchase = $21 million

Last step is to calculate the Decline in total paid-in capital using this formula

Decline in total paid-in capital= Benefit on first repurchase + Value of second purchase

Decline in total paid-in capital = 2 million + 21 million

Decline in total paid-in capital = $23 million

Therefore what amount will Agee’s total paid-in capital decline is $23 million

Do It! Review 15-01 During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on account. (b) Incurred factory labor of $41,500. Of that amount, $32,400 relates to wages payable and $9,100 relates to payroll taxes payable. (c) Factory utilities of $3,400 are payable, prepaid factory property taxes of $2,640 have expired, and depreciation on the factory building is $8,400. Prepare journal entries for each type of manufacturing cost.

Answers

Answer:

Item (a)

Debit : Raw Materials Item $17,500

Credit : Accounts Payable  $17,500

Item (b)

Debit : Work in Process - Factory Wages $41,500

Credit : Wages Payable $41,500

Item (c)

Debit : Factory Utilities $3,400

Credit : Accounts Payable $3,400

Item (d)

Debit : Work in Process - Property taxes $2,640

Credit : Prepaid Property taxes $2,640

Item (e)

Debit : Work in Process - Depreciation expense $8,400

Credit : Accumulated depreciation $8,400

Explanation:

When no immediate payment of cash is made for a cost incurred, we raise a Liability - Accounts Payable.

The Hollister Company acquires a silver mine at the cost of $1,600,000 on January 1. Along with the purchase price Hollister pays additional costs associated with development of $50,000. Hollister expects the mine will have a salvage value of $175,000 once all the silver has been mined. Best estimates are that the mine contains 250,000 tons of ore.
a. Prepare the entry to record the purchase of the silver mine.
b. Prepare the December 31 year-end adjusting entry to record depletion is 60,000 tons of ore are mined and all the ore is sold.
c. Prepare the December 31 year-end adjusting entry to record depletion is 60,000 tons of ore are mined but only 15,000 tons of the ore are sold.

Answers

Answer:

Part a

Debit : Silver Mine $1,650,000

Credit : Cash   $1,650,000

Part b

Debit : Depletion expense $354,000

Credit : Accumulated depletion $354,000

Part c

Debit : Depletion expense $354,000

Credit : Accumulated depletion $354,000

Explanation:

Step 1 : Cost of the Silver Mine

Purchase Price        $1,600,000

Development Costs    $50,000

Total Cost                $1,650,000

Step 2 : Depletion rate

Depletion rate = (Cost - Salvage value) ÷ Estimate Usage

                        = $5.90

Step 3 : Depletion expense

Note : Depletion expense depends on units mined only instead of units sold.

Depletion expense = Depletion rate x Units mined

if 60,000 tons of ore are mined and sold :

Depletion expense = $354,000

if 60,000 tons of ore are mined but only 15,000 tons of the ore are sold :

Depletion expense = $354,000

Using the information below compute the M1 money supply. Category Amount Currency and coin held by the public ​$ Checking account balances ​$ ​Traveler's checks ​$10 Savings account balances ​$ Small denomination time deposits ​$5,000 Money market deposit accounts in banks ​$1,000 Noninstitutional money market fund shares ​$2,000 The M1 money supply is equal​ to: ​$ nothing

Answers

Answer: $2610

Explanation:

Money supply simply means the total amount of money that is in a particular economy at a point in time. Based on the information given, the M1 money supply will be:l the addition of the currency and coin held by the public, the checking account balance and the traveler's checks. This will be:

= $800 + $1800 + $10

= $2610

Therefore, the M1 money supply is $2610.

You manage a cable company that offers 2 channels - NBC and Fox. You face 2 types of customers (type A and type B) and there are 100 customers of each type. Their respective values for each channel are:

Type A Type B
NBC $10 $15
Fox $3 $7

Suppose that you sell each channel separately. You should set a price of $__________ for NBC and a price of $_________ for Fox.

Answers

Answer:

You should set a price of $___15_____ for NBC and a price of $___7___ for Fox.

Explanation:

a) Data and Calculations:

Customer           Type A      Type B  Maximum Price

NBC                       $10           $15            $15

Fox                         $3             $7              $7

Combined value  $13           $22

b) The cost of each channel would have enabled a better decision outcome to be reached.  However, it is better to set the maximum prices since individual values can change based on the forces of demand and supply.

ou have just bought a used track-type tractor to add to your production fleet. The initial capitalized value of the tractor is $110,000. The estimated service life remaining on the tractor is 10,000 hours and the anticipated operating conditions across the remainder of its life are normal. The salvage value of the tractor is $12,000. The tractor was purchased on July 1, 1997. a. What amount of depreciation will you claim for each calendar year between 2007 and 2010

Answers

Answer: $32,667

Explanation:

The truck's useful life is 3 years because it is 2007 to 2010.

Depreciation = (Cost - Salvage value) / Useful life

= (110,000 - 12,000) / 3

= $32,667 per year

two ways in which best bank can adapt to the challenges of the macro environment​

Answers

Answer:

Mergers or Information Management

Explanation:

Mergers-In order to respond to certain challenges, businesses may choose to merge with another business. The new business will have a larger market share than either of the original businesses did.

Information management -All changes lead to new information that needs to be distributed to all the relevant parties.

Information must be managed efficiently and a system must be in place so that the relevant staff can easily access it.

Information must be protected and kept secure to protect the company's intellectual property.

Canberra Company uses a job order cost accounting system. During the current month, the factory payroll of $180,000 was paid in cash. The amount of labor classified as direct labor was three times greater than the amount classified as indirect labor. What amount should be debited to Factory Overhead for indirect labor for this month

Answers

Answer:

$45,000

Explanation:

Details                                                             Amount

Factory payroll in cash                                  $180,000

Ration of Direct labor to Indirect Labor           "3:1"

Total = 3 + 1 = 4

So, Indirect Labor = $180,000*1/4 = $45,000

The amount to be debited to Factory Overhead for indirect labor for this month $45,000

Explain the effects of low price-guarantee on the price. ​

Answers

Answer:

Low price guarantees have adverse effects on consumer behavior. These strategies can cause consumers to become suspicious of the offer and may avoid making the purchase all together.  

Low price guarantee is a policy where the seller offer a price is guaranteed to match or beat any other lower price in the market.

Usually, the low price guarantees does persuade the consumers to make purchase, but, it can also have adverse effects on consumer behavior at times.

The strategy of low price-guarantee on the price of the product​ can cause the consumers to become suspicious and thus, may lead to a decision to avoid making the purchase.

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The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 1,000 units at $120
Feb. 17 Purchases 1,375 units at $128
July 21 Purchases 1,500 units at $136
Nov. 23 Purchases 1,125 units at $140
There are 1,200 units of the item in the physical inventory at December 31. The Inventony periodic inventory system is used.
a. Determine the inventory cost by the first-in, first-out method.
b. Determine the inventory cost by the last-in, first-out method.
c. Determine the inventory cost by the weighted average cost method.

Answers

Answer:

                             FIFO            LIFO              Weighted Average

Inventory cost =  $167,700      $145,600     $157,800

Explanation:

a) Data and Calculations:

Jan. 1       Inventory     1,000 units at $120  $120,000     $120,000

Feb. 17    Purchases    1,375 units at $128     176,000      296,000

July 21    Purchases    1,500 units at $136    204,000      500,000

Nov. 23  Purchases     1,125 units at $140     157,500      657,500

Dec. 31   Total units   5,000                        $657,500

Dec. 31   Inventory      1,200

Dec. 31   Units sold    3,800

Inventory cost by:

FIFO ( first-in, first-out method)

July 21    Purchases         75 units at $136  $10,200

Nov. 23  Purchases     1,125 units at $140   157,500

Dec. 31   Inventory      1,200                       $167,700

LIFO (last-in, first-out method)

Jan. 1       Inventory     1,000 units at $120   $120,000

Feb. 17    Purchases      200 units at $128      25,600

Dec. 31   Inventory      1,200                       $145,600

Weighted-Average Cost Method

Total cost of goods available/Total units available  for sale

= $657,500/5,000

= $131.50 per unit

Inventory cost = $157,800 ($131.50 * 1,200)

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction.

Deborah spends all of her money on magazines and donuts. In 2008 she earned $27.00 per hour, the price of a magazine was $9.00, and the price of a donut was $3.00.

Which of the following give the nominal value of a variable? Check all that apply.
a. The price of a donut is 0.33 magazines in 2008.
b. The price of a donut is $3.00 in 2008.
c. Deborah's wage is 3 magazines per hour in 2008.

Which of the following give the real value of a variable? Check all that apply.
a. The price of a magazine is $9.00 in 2008.
b. The price of a magazine is 3 donuts in 2008.
c. Deborah's wage is $27.00 per hour in 2008.

Suppose that the Fed sharply increases the money supply between 2008 and 2013. In 2013, Deborah's wage has risen to $54.00 per hour. The price of a magazine is $18.00 and the price of a donut is $6.00.

In 2013, the relative price of a magazine is:________

Between 2011 and 2016, the nominal value of Maria's wage _______________and the real value of her wage ____________________-
Monetary neutrality is the proposition that a change in the money supply ___________________ nominal variables and _____________real variables.

Answers

Answer:

Nominal variable - Price of a donut is $3.00 in 2008

Real variable- Price of a magazine is 3 donuts in 2008.

Explanation:

In 2008 the price of a magazine was $9.00. While the price of a donut was $3.00. Deborah's income was $27.00 per hour.

Nominal variable's are those which are expressed in terms of money. While, real variables are those variables which are expressed in terms of other goods or services.

The nominal variables will include:

a. The price of a donut is $3.00 in 2008.

The other two options are not nominal variables as they are expressed in terms of the other variable.

The following variables give us the real value of a variable:

b. The price of a magazine is 3 donuts in 2008.

Deborah's wage and price of a magazine are both nominal variables. They are not expressed in terms of any other variable.

In 2013, Deborah's wage is $54.00. The price of a magazine is $18.00 and price of a donut is $6.00.

Relative price is the price price of a good expressed in terms of the other good. The price of magazine in 2013 is $18.00. While, price of donut is $6.00.

[tex]Relative price = \frac{Price of a magazine}{Price of a donut} \\ = \frac{18}{6}\\ = 3[/tex]

Thus, in 2013, the relative price of a magazine is 3 donuts.

As can be seen that from 2008 - 2013, the wage doubles. But at the same time the price of both magazine and donuts also doubles. This can be seen from the relative purchasing power of income. So, between 2008-2013 the nominal value of wage increased and the real value of her wage remained the same.

Monetary neutrality is the proposition that a change in the money supply affects nominal variables and does not affect real variables.

Signal mistakenly produced 1,075 defective cell phones. The phones cost $70 each to produce. A salvage company will buy the defective phones as they are for $39 each. It would cost Signal $82 per phone to rework the phones. If the phones are reworked, Signal could sell them for $146 each. Signal has excess capacity. Should Signal scrap or rework the phones

Answers

Answer: Rework the phones

Explanation:

The phones have already been produced so the cost price of $70 does not matter as it is a sunk cost.

The decision the company makes between scrap and reworking will depend on which option bring in more money.

Scrap = $39

Reworking:

= Price after reworking - Cost to rework

= 146 - 82

= $64

Incremental income of reworking over scrap:

= 1,075 * (64 - 39)

= $‭26,875‬

Signal makes an incremental income of $‭26,875‬ if they rework the phones so they should do that.

Gentleman Gym just paid its annual dividend of $3 per share, and it is widely expected that the dividend will increase by 5% per year indefinitely. a. What price should the stock sell at if the discount rate is 15%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What price should the stock sell at if the discount rate is 12%.

Answers

Answer and Explanation:

The computation of the price that should be sell is shown below:

As we know that

Price = dividend × (1 + growth rate) ÷ (discount rate - growth rate)

a. The price is

= $3 × 1.05 ÷ (15% - 5%)

= $31.50

b. Now the price is

= $3 × 1.05 ÷ (12% - 5%)

= $45

Hence, the above represent the answer in both the cases.

Which of the following positions refers to a functional manager?
A. Chief executive officer
B. Purchasing manager
C. Manager, Office Equipment Division
O D. Vice President, Latin American Operations

Answers

The functional manager is the individual with management authority within a business unit or department .  Hence Option B is correct .

What is Functional  Manager ?

who has direct supervision over one or more team members and/or direct accountability for the functions impacted by or affecting project or program deliverables. Hence option B is correct .

Many of the many functions are combined and managed by a manager when an information systems organization grows larger. These functional managers oversee the personnel particular to their role and answer to the CIO.

An organization's functional roles, such as those of a manager, director, or vice president, define a set of abilities and tasks that are normally carried out by a department inside the company. The organizational structure of an organization establishes functional responsibilities. These roles inside that department have resources assigned to them.

A  practical A manager is in charge of a specific functional area within an organization, like a team or department. They are in charge of organizing, controlling, and supplying resources for initiatives.

Learn more about Functional manager here

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# SPJ 2

Exchange rate pass-through may be defined as: the degree to which the prices of imported and exported goods change as a result of exchange rate changes. the bid/ask spread on currency exchange rate transactions. the practice by Great Britain of maintaining the relative strength of the currencies of the Commonwealth countries under the current floating exchange rate regime. the PPP of lesser-developed countries.

Answers

Answer:

the degree to which the prices of imported and exported goods change as a result of exchange rate changes.

Explanation:

Explain the theory behind the free cash flow valuation approach. Why are the free cash flows value relevant to common equity shareholders when they are not cash flows to those shareholders, but rather are cash flows into the firm?

Answers

Answer:

See explanation

Explanation:

The free cash flows value relevant to common equity shareholders because they consists of cash that can be distributed to shareholders as dividends. In other words this is Distributable Cash.

For safety purposes, a circus requires that all employees who perform acrobatic stunts weigh between 120 and 140 pounds. Today, Vivian, a long-time acrobat for the circus steps on a scale for a weight-check. The scale says that she weighs 114 pounds and thus is not within the required 120-140 pound range. Vivian is surprised and upset and asks to be re-weighed. When she steps on the scale again, it says she weighs 114 pounds. When Vivian checks her weight a third time, the scale again says she weighs 114 pounds. Which of the following statements most accurately describes the reliability and validity of the scale?
a. High reliability and high validity
b. Unknown reliability and low validity
c. Low reliability and high validity
d. High reliability and unknown validity

Answers

Answer:

The statement that most accurately describes the reliability and validity of the scale is:

a. High reliability and high validity

Explanation:

a) Data and Calculations:

Standard acrobatic stunts' weights = 120 and 140 pounds range

Vivian's weight-check results = 114 three times

b) Reliability entails the consistency of a measure for getting the same result after every measurement.  Validity denotes the accuracy of a measure, especially since the measurement obtained is what it is supposed to measure.  Therefore, tests that are highly reliable are said to be highly valid and vice versa.

Milford Company sells a motor that carries a three-month unconditional warranty against product failure. Based on a reliable statistical analysis, Milford knows that between the sale and the end of the product warranty period, two percent of the units sold will require repair at an average cost of $50 per unit. The following data reflect Milford's recent experience:
Oct Nov Dec Dec 31 Total
Units unsold 24000 26000 26000 76000
Known products failure from sales in:
October 130 190 170 490
November 130 220 350
December 210 210
Calculate, and prepare a journal entry to record, the estimated liability for product warranties at December 31. Assume that warranty costs of known failures have already been reflected in the records.

Answers

Answer: See explanation

Explanation:

Number of units sold = 76000

Percentage repair= 2%

Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520

Actual defective units = 490 + 350 + 210 = 1050

Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470

Repair cost = $50

Warranty expense = 470 × $50 = $23500

The journal entry will then be:

31 December:

Debit: Product warranty expense = $23500

Credit: Estimated liability for product warranty = $23500

Carolyn wants to work as a manager. The position she is hoping to be hired for requires a doctorate degree. For what type of position might she be applying?
A. elementary education
B. executive management
C. upper-level administration
D. post-secondary institution

Answers

Answer:

C. upper-level administration

Explanation:

.

Suppose a stock had an initial price of $85 per share, paid a dividend of $1.50 per share during the year, and had an ending share price of $99. a. Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the dividend yield

Answers

Answer:

18.23%

1.76%

Explanation:

The total return of a stock = price return + dividend yield

Price return calculates the change in price of a stock

Price return = (change in price / initial stock price ) x 100

change in price  = $99 - $85 = $14

($14 / $85) x 100 = 16.47%

Dividend yield = (dividend paid / initial price of the stock ) x 100

($1.5 / $85) x 100 = 1.76%

Total return = 16.47% + 1.76% = 18.23%

A machine that cost $225,000 has an estimated residual value of $15,000 and an estimated useful life of 15,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 4,000 hours in year 2, and 5,000 hours in year 3. Calculate its book value at the end of year 3

Answers

Answer:

$57,000

Explanation:

Step 1 : Depreciation Rate

Depreciation Rate = (Cost - Residual Value) ÷ Estimated Production

therefore,

Depreciation Rate = $14.00 per machine hour

Step 2 : Depreciation expenses

Depreciation expense = Depreciation Rate x Annual production

therefore

Year 1 = $42,000

Year 2 = $56,000

Year 3 = $70,000

Total    = $168,000

Step 3 : Book Value

Book Value = Cost - Accumulated Depreciation

                    = $225,000 - $168,000

                    = $57,000

Conclusion :

book value at the end of year 3 is $57,000

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product costs for the quarter follow.

July August September
Budgeted sales $58,500 $74,500 $53,500
Budgeted cash payments for Direct materials 16,060 13,340 13,660
Direct labor 3,940 3,260 3,340
Factory overhead 20,100 16,700 17,100

Sales are 25% cash and 75% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $44,900 in accounts receivable; and a $4,900 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($3,900 per month), and rent ($6,400 per month).

Required:
Prepare a cash budget for each of the months of July, August, and September.

Answers

Answer:

Cash budgets are prepared to analyze the company real cash position. It only includes transaction in which real exchange of cash takes place.

Explanation:

Particulars                             July ; August ; September

Beginning Cash Balance     15,000 ; 15,000 ; 21,960

Cash receipts from customers 37,500 ; 51,400 ; 69,251

Total cash available 52,500 ; 66,400 ; 91,211

Cash Payments :

Direct Material    16,060 ; 13,340 ; 13,660

Direct labor 3,940 ; 3,260 ; 3,340

Overheads 20,100 ; 16,700 ; 17,100

Sales commission 5,850 ; 7,450 ; 5,350

Office Salaries 3,900 ; 3,900 ; 3,900

Rent 6,400 ; 6,400 ; 6,400

Interest on Bank loan 76 ; 0 , 0

Total Cash Payments 56,326 ; 51,050 ; 49,750

Ending Balance   -3,826 ; 15,350 ; 41,461

Indicate the proper financial statement classification for each of the following accounts: Accounts Classification Gain on Bond Retirement (material amount) Answer Discount on Bonds Payable Answer Mortgage Notes Payable Answer Bonds Payable Answer Bond Interest Expense Answer Bond Interest Payable Answer Premium on Bonds Payable Answer

Answers

Answer:

Gain on Bond Retirement(Income Statement)

Discount on Bonds Payable(Balance Sheet)

Mortgage Notes Payable (Balance Sheet)

Bonds Payable (Balance Sheet)

Bond Interest Payable(Balance Sheet)

Explanation:

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