Please formulate an integer programming model that can be used to solve the following problem. Clearly state your decision variables, objective, and constraints. Kindly note that you do NOT need to implement this problem in Excel. Please follow the instructions given in the problem/satisfy all requirements.You need to schedule six round-trips between Pittsburgh and Boston for candidates that will interview for internship positions in your company. The route is served by three airlines: Eastern, US Air, and Continental and there is no penalty for the purchase of one-way tickets. Each airline offers bonus miles for frequent fliers. Eastern gives 1000 miles per (one-way) ticket, plus 5000 extra miles if the number of tickets in a month reaches 2, and another 5000 miles if the number reaches 6. US Air gives 1500 miles per ticket, plus 10,000 extra for every 6 tickets. Continental gives 1800 miles, plus 7000 extra for every 5 tickets. What is the best way to allocate the 12 one-way tickets among the three airlines to maximize the total number of bonus miles earned? Formulate an integer programming model for this problem (clearly state your decision vari- ables, objective, and constraints). You do not need to implement your model in Excel.

Answers

Answer 1

The best way to allocate the 12 one-way tickets among the three airlines to maximize the total number of bonus miles earned is Z = Z1 + Z2 + Z3.

Give a brief account on integer programming model.

A mathematical optimization or feasibility program with some or all of the variables required to be integers is known as an integer programming problem. The phrase is frequently used in conjunction with integer linear programming (ILP), in which the goal function and all other constraints (aside from the integer constraints) are linear. It is NP-complete to program in integers. Karp's list of 21 NP-complete problems specifically includes the special situation of 0-1 integer linear programming, where the unknowns are binary and only the limitations need to be met.

A mixed-integer programming problem is what the issue is called if some of the decision variables are not discrete.

To solve the question :

Let the no. of tickets booked with Eastern Airlines be X1

Let the no. of tickets booked with U.S. Airlines be X2

Let the no. of tickets booked with Continental Airlines be 12- X1- X2

We have to maximize the air miles,

So the number of air miles earned from eastern airlines = Z1= 1000*X1 + 5000 *if (( X1 – 2) >= 0 , 1,0) + 5000 * if (( X1 – 6) >= 0 , 1,0)

So the number of air miles earned from Us airlines =Z2= 1500*X2 + 10000 *if (( X2 – 6) >= 0 , 1,0)

So the number of air miles earned from continental airlines = Z3= 1800*(12-X1-X2) + 7000 *if ((12- X1 –X2 – 5) >= 0 , 1,0)

So, we need to maximize = Z = Z1+Z2+Z3

To know more about, integer programming model, visit :

https://brainly.com/question/15370412

#SPJ4


Related Questions

Assume that last year, Cliff Consulting, a firm in Berkeley, CA, had the following contribution income statement:
CLIFF CONSULTING
Contribution Income Statement
For the Year Ended September 30
Sales revenue $ 1,200,000
Variable costs
Cost of services $ 480,000
Selling and administrative 60,000 540,000
Contribution margin 660,000
Fixed Costs -selling and administrative 440,000
Before-tax profit 220,000
Income taxes (21%) 46,200
After-tax profit $ 173,800
(a) Determine the annual break-even point in sales revenue.
(b) Determine the annual margin of safety in sales revenue.
(c) What is the break-even point in sales revenue if management makes a decision that increases fixed costs by $80,000?
(d) With the current cost structure, including fixed costs of $440,000, what dollar sales revenue is required to provide an after-tax net income of $250,000?
(e) Prepare an abbreviated contribution income statement to verify that the solution to requirement (d) will provide the desired after-tax income.

Answers

Answer:

Cliff Consulting

a) Annual Break-even point in sales revenue is:

= $800,000

b) Annual margin of safety is:

= $400,000

c) If fixed costs increases by $80,000, the break-even point in sales revenue

= $945,455

d) Dollar Sales Revenue required to provide an after-tax net income of $250,000 is:

= $1,375,375

e) Abbreviated Contribution Income Statement

Sales revenue       $1,375,375

Variable costs =          618,919

Contribution =        $756,456

Fixed costs               440,000

Before tax income    316,456

Income tax (21%)        66,458

After-tax income   $249,998

equivalent to $250,000

Explanation:

a) Data and Calculations:

CLIFF CONSULTING

Contribution Income Statement

For the Year Ended September 30

Sales revenue                                      $ 1,200,000

Variable costs

Cost of services                     $ 480,000

Selling and administrative          60,000 540,000

Contribution margin                                660,000

Fixed Costs -selling and administrative 440,000

Before-tax profit                                      220,000

Income taxes (21%)                                    46,200

After-tax profit                                       $ 173,800

Break-even point in sales revenue = Fixed costs/Contribution margin ratio

= $440,000/0.55

= $800,000

Annual margin of safety = normal sales revenue minus break-even sales revenue

= $1,200,000 - $800,000

= $400,000

Contribution margin ratio = contribution margin/sales revenue * 100

= $660,000/$1,200,000 * 100 = 55%

If fixed costs increases by $80,000, the break-even point in sales revenue

= ($440,000 + $80,000)/0.55 = $520,000/0.55 = $945,455

To achieve after-tax net income of $250,000, the required dollar sales revenue:

Net income after-tax = $250,000

Tax rate = 21%

Net income before tax = $250,000/1-21%

= $250,000/0.79 = $316,456

Sales dollars to achieve target profit = (Fixed costs + Target Profit/1 - 0.21)/Contribution margin

= ($440,000 + ($250,000/0.79))/0-55

= ($440,000 + $316,456)/0.55

= $756,456/0.55

= $1,375,375

Abbreviated Contribution Income Statement

Sales revenue       $1,375,375

Variable costs =          618,919

Contribution =        $756,456

Fixed costs               440,000

Before tax income    316,456

Income tax (21%)        66,458

After-tax income   $249,998

After-tax income is equivalent to $250,000

J.Crew is planning a new line of jackets for fall. It plans to sell the jackets for $100. It is having the jackets produced in the Dominican Republic. Although J. Crew does not own the factory, its product development and design costs are $400,000. The total cost of the jacket, including transportation to the stores, is $45.
1. What is the breakeven quantity for this item? That is, the number that J. Crew will need to sell in order to not lose money?(Treat product development and design costs [$400,000] as fixed, cost of each jacket including transportation [$45] as unit variable cost)
a. 6.846 jackets
b. 7,273 jackets
c. 9,118 jackets
d. 8,435 jackets
2. What is the breakeven point, in sales revenue dollars?
a. $727,300
b. $684,600
c. $843,500
d. $911,800

Answers

Answer:

Results are below.

Explanation:

To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 400,000 / (100 - 45)

Break-even point in units= 7,273

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 400,000 / 0.55

Break-even point (dollars)= $727,300

Contribution margin ratio= contribution margin / selling price per unit

Contribution margin ratio= 55 / 100= 0.55

The cost function for Acme Laundry is ​
C(q) = 20 + 30q + q2​
where q is tons of laundry cleaned. What q should the firm choose so as to maximize its profit if the market price is​ p?
The output level at which the​ firm's profit is maximized as a function of p is____.
If p = 100, then Acme Laundry should____produce units.

Answers

Answer:

Explanation:

The profit function will be:

π = Total revenue - Total cost

where,

Total revenue = price × quantity= pq

Total cost = 20 + 30q + q²

π = pq - (20 + 30q + q²)

π = pq - 20 - 30q - q²

Then we maximize profit with respect to q which will be:

dπ/dq = p - 30 - 2q

We then equate the profit function to 0.

p - 30 - 2q = 0

p - 2q = 30

2q = p - 30

q = (p - 30)/2

When p = 100, the number of units that should be produced will be:

= (p - 30)/2

= (100 - 30)/2

= 70/2

= 35 units

Wildhorse Corporation factors $266,800 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathleen Battle Financing will collect the receivables. The receivables records are transferred to Kathleen Battle Financing on August 15, 2020. Kathleen Battle Financing assesses a finance charge of 2% of the amount of accounts receivable and also reserves an amount equal to 4% of accounts receivable to cover probable adjustments.
Assume that the conditions are met for the transfer of receivables with recourse to be accounted for as a sale. Prepare the journal entry on August 15, 2014, for Beyoncé to record the sale of receivables, assuming the recourse liability has a fair value of $4,650. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit August 15, 2014

Answers

Answer:

Denit Cash for $250,792; Debit Due from factors for $10,672; Debit Loss on Sale of receivables for $9,986; Credit Recourse liability for $4,650; and Credit Accounts receivable for $266,800.

Explanation:

The following are calculated first before preparing the journal entry:

Cash received = Factored amount * (100% - Finance charge percentage - Percentage reserved for probable adjustments) = $266,800 * (100% - 2% - 4%) = $250,792

Due from factors = Factored amount * Percentage reserved for probable adjustments = $266,800 * 4% = $10,672

Loss on Sale of receivables = (Factored amount * Finance charge percentage) + Fair value of recourse liability = ($266,800 * 2%) + $4,650 = $9,986

The journal entry will now appear as follows:

Date                 Account Titles and Explanation    Debit ($)       Credit ($)

15 Aug 2014     Cash                                                  250,792

                         Due from factors                                 10,672

                         Loss on Sale of receivables               9,986

                               Recourse liability                                                4,650

                               Accounts receivable                                      266,800

                        (To record the sale of receivables.)                                      

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $452,000, and direct labor costs to be $2,260,000. Actual overhead costs for the year totaled $419,000, and actual direct labor costs totaled $1,930,000. At year-end, the balance in the Factory Overhead account is a: Multiple Choice $452,000 Credit balance. $386,000 Debit balance. $33,000 Debit balance. $33,000 Credit balance. $419,000 Debit balance.

Answers

Answer:

As overhead was underapplied, the balance in overhead will be $33,000 credit.

Explanation:

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 452,000 / 2,260,000

Predetermined manufacturing overhead rate= $0.2 per direct labor dollar

Now, we can allocate costs:

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

Allocated MOH= 0.2*1,930,000

Allocated MOH= $386,000

Finally, we determine the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead=  419,000 - 386,000

Underapplied overhead= $33,000

As overhead was underapplied, the balance in overhead will be $33,000 credit.

Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling $5,100. By the end of the month, the company received on account $4,500 of this amount. In addition, Eastwood received $500 on account from customers who were provided lessons in May. Determine the amount of operating cash flows Eastwood will report as received from customers in June.

Answers

Answer:

$5,000

Explanation:

Calculation to Determine the amount of operating cash flows Eastwood will report as received from customers in June.

Using this formula

Operating cash flows=Receipts for lessons in June+Receipts for lessons in May

Let plug in the formula

Operating cash flows=$4,500+$500

Operating cash flows=$5,000

Therefore the amount of operating cash flows Eastwood will report as received from customers in June is $5,000

what does Gdp measure, and what are the four components of gdp?​

Answers

Answer:

Gdp is the value of goods and services it's calculated by adding the money spent by consumers and businesses in a certion period.The 4 components are personal expenditures,business investments,government spending and exports of goods and services.

1. A part is produced in lots of 1,000 units. It is assembled from two components worth $50 total. The value added in production (for labor and variable overhead) is $60 per unit, bringing total costs per completed unit to $110. The average lead time for the part is 6 weeks and annual demand is 3,800 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory

Answers

Answer:

A. Average cycle inventory 500 units

Value of cycle inventory $55,000

B. Average pipeline inventory 456 units

Value of the pipeline inventory $36,480

Explanation:

a. Calculation to determine How many units of the part are held, on average, in cycle inventory

Calculation for Average cycle inventory

Average cycle inventory=1000/2

Average cycle inventory=500 units

Therefore the Average cycle inventory is 500 units

Calculation for Value of cycle inventory

Value of cycle inventory=(500 units) *($50+$60)

Value of cycle inventory=(500 units*$110)

Value of cycle inventory=$55,000

Therefore the Value of cycle inventory is $55,000

b. Calculation to determine Avarage Pipeline inventory and Value of the pipeline inventory

First step is to calculate the unit cost using this formula

Unit cost = Material + 50%of labor and variable overhead

Let plug in the formula

Unit cost=$50+(50%*$60)

Unit cost= $50 + $30

Unit cost= $80

Now let calculate the Average pipeline inventory

Average pipeline inventory = = [(3800 units/year)/(50wks/yr)] x (6 weeks)

Average pipeline inventory= 456 units

Therefore Average pipeline inventory is 456 units

Calculation to determine Value of the pipeline inventory

Value of the pipeline inventory = (456 units) x ($50+$30)

Value of the pipeline inventory=456 units×$80

Value of the pipeline inventory= $36,480

Therefore the Value of the pipeline inventory is $36,480

Each service starts on a different date because the services depend on each other. Enter the starting dates for the remaining services as follows:
a. In cell D6, enter a formula without using a function that adds 4 days to the value in cell 06.
b. In cell E6, enter a formula without using a function that subtracts 3 days from the value in cell C6
c. In cell F6, enter a formula without using a function that adds 2 days to the value in cell E6
d. In cell G6, enter a formula without using a function that adds 2 days to the value in cell C6.

Answers

Answer:

a. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding +4;365 days.

b. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding -3;365 days.

c. In the formula bar type =365 days; +2 : E6

d. In the formula bar type =365 days ; +2 : C6

Explanation:

Excel is a software which helps the users to easily calculate complex calculation with just one function input. The users can create worksheets using the excel and then link those worksheets with each other. The data can be displayed in the form of table or simple text. It has multiple options to create annual day wise filtered worksheets.

According to the standard cost card, each helmet should require 0.52 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?

Answers

Answer:

Please find the complete question in the attached file and its solution can be defined as follows:

Explanation:

The standard kgs permitted[tex]= 3100 \times 0.62 = 1922[/tex]

Current production Standard cost permitted [tex]=1922\times 7= 13454[/tex]

Variance of materials for expenditure [tex]= 13708-13454= 254 \ \ \ U[/tex]

Outlined various of materials [tex]= 13708-(2077\times 7)= 831 \ \ \ F[/tex]

Variability of additional channel [tex]= 7\times (2077-1922)= 1085\ \ \ U[/tex]

Javier is a department manager at a big box store. Over the last month, sales have slumped, and he has lots of inventory going unsold. Now it’s time to put in his orders to restock for next month. a. How, if at all, should Javier adjust his orders for new products? Javier should place his orders according to his initial estimates. The inventory buildup is not an equilibrium. Javier should respond by cutting back on his orders. Javier should wait and see what happens next month, and if his inventory runs out, then he can place an order. b. How will his suppliers respond to this decision? They will produce according to their initial demand estimates. They will cut back on production. They will not be affected. They will expand their output. c. Most other businesses are experiencing a similar decline in sales. Which

Answers

Question Completion:

c. Most other businesses are experiencing a similar decline in sales. Which of the following are is likely to occur as a result of the decline in sales?

Aggregate expenditure will fall.

Aggregate expenditure will rise.

Output will not be affected, and eventually, sales will rise to bring the economy back to equilibrium.

Output will fall in response to the decline, as businesses adjust their production.

Answer:

a. How Javier should adjust his orders for new products:

The inventory buildup is not an equilibrium. Javier should respond by cutting back on his orders.

b. How the suppliers will respond to Javier's decision:

They will cut back on production.

c. The consequences of the decline in sales are:

Aggregate expenditure will fall.

Output will fall in response to the decline, as businesses adjust their production.

Explanation:

Aggregate Expenditure determines the total amount spent by firms and households on goods and services during a specific period of time. Inventory management is one of the duties of Javier at the department store.  This involves ordering, warehousing, and processing inventory to achieve maximum customer satisfaction.

When is the only time to abbreviate on a job application?

Question 3 options:

In the Personal Information section


In the Position & Availability section


Only when space is limited


Signature section

Answers

Only when space is limited

Sales promotions that provide consumers an incentive to buy a product, such as a cents-off coupons or a discount, are widely used, especially for the type of products we buy in the grocery store. For the company offering the discounts and coupons, one of the risks with such a strategy is that _______________.it is challenging to track usage of the couponsit will not provide a believable messageretailers are typically not interested in helping out with such campaignsconsumers who typically buy other brands will switch to the promoted brandit might only appeal to already loyal customers who stockpile the product when it is on sale for later consumption

Answers

Answer:

it is challenging to track usage of the coupons

Explanation:

Coupons are defined as an instrument that is used to obtain a discount or rebate when making a purchase.

Stores usually give out coupons to customers as an incentive to by products.

However there will be challenge of tracking the coupons as well as the discount on each coupon.

Coupons are given at different discount rates at different times, so it is cumbersome to track a particular coupon out of the many issued when customer wants to redeem it

Jacob Suppliers has not paid out any dividend in the last three years. It does not expect to pay dividends in the next two years either as it recovers from an economic slowdown. Three years from now it expects to pay a dividend of $1.75 and then $2.80 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 14.5 percent

Answers

Answer:

3.78

Explanation:

The next dividend payment by Hoffman, Inc., will be $3.10 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent forever. Assume the stock currently sells for $49.80 per share. a. What is the dividend yield

Answers

Answer:

6.2249%

Explanation:

Dividend yield = next dividend paid / price of the stock

Dividend yield is one of the components used in calculating the total return of a stock.

Total return = price return + dividend yield

price return is the return on a stock as a result of price appreciation

Dividend yield = $3.10 / $49.80 = 0.062249 = 6.2249%

Assigning manufacturing overhead costs and other indirect costs is called a:

Answers

Answer:

Cost allocation

Explanation:

Cost allocation means the process where the identification, aggregation, and the allocating of the cost is made to the various cost objects. It plays an important role as the cost i.e. incurred for generating a particular product or rendering a service would be determined

So if the manufacturing overhead cost assigned and the other indirect cost so this we called cost allocation

A machine purchased three years ago for $306,000 has a current book value using straight-line depreciation of $190,000; its operating expenses are $38,000 per year. A replacement machine would cost $222,000, have a useful life of eleven years, and would require $10,000 per year in operating expenses. It has an expected salvage value of $76,000 after eleven years. The current disposal value of the old machine is $86,000; if it is kept 11 more years, its residual value would be $10,000. Required Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced

Answers

Answer:

A. Total Cost Old machine $424,000

Total Cost New machine $256,000

B. Yes

Explanation:

A..Calculation to determine the total costs in keeping the old machine and purchase a new machine.

OLD MACHINE NEW MACHINE

Opportunity cost/Purchase value=

(86,000-10,000) = $76,000 (222,000-76,000) = $146,000

Operating cost

(38,000*11) = 348,000 (10,000*11) = 110,000

Total Cost $424,000 $256,000

Old machine=($76,000+348,000=$424,000)

New machine=($146,000+$110,000=$156,000)

Therefore the total costs in keeping the old machine is $424,000 and purchasing a new machine is $256,000

2. Yes based on the above calculation the old machine should be replaced as the cost is higher.

Edith Carolina is president of the Deed Corporation. The company is decentralized, and leaves investment decisions up to the discretion of the division managers. Michael Sanders, manager of the Cosmetics Division, has had a return on investment of 14% for his division for the past three years and expects the division to have the same return in the coming year. Sanders has the opportunity to invest in a new line of cosmetics which is expected to have a return on investment of 12%. The company's minimum required rate of return is 8%. If the Deed Corporation evaluates managerial performance using residual income based on the corporate minimum required rate of return of 8%, what decision would be preferred by Edith Carolina and Michael Sanders?
Carolina Sanders
A) accept reject
B) reject accept
C) accept accept
D) reject reject
A. Choice A.
B. Choice B.
C. Choice C.
D. Choice D.

Answers

Answer: A. Choice A.

Explanation:

When using the residual income based on a corporate minimum required rate of return, an investment that provides a return higher than the required return should be accepted.

Edith Carolina would therefore accept this investment as it offers an ROI of 12% which is higher than the company required rate of return of 12%.

Michael Sanders would however reject it as it falls short of the 14% ROI that he expects his division to maintain.

What would it cost an insurance company to replace a family's personal property that originally cost $25,000? The replacement costs
for the items have increased 15 percent.

Answers

Answer:

the replacement cost is $28,750

Explanation:

The computation of the replacement cost is shown below:

= Cost of the personal property × (1 + increased percentage)

= $25,000 × (1 + 0.15)

= $25,000 × 1.15

= $28,750

Hence, the replacement cost is $28,750

We simply applied the above formula so that the correct value of the replacement cost could come

You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you have been asked to compare methods based on a machine that cost $246,000. The estimated useful life is 10 years, and the estimated residual value is $62,000. The machine has an estimated useful life in productive output of 230,000 units. Actual output was 35,000 in year 1 and 31,000 in year 2.
Required:
For years 1 and 2 only, prepare separate depreciation schedules assuming:
a. Straight-line method.
b. Units-of-production method.
c. Double-declining-balance method.

Answers

Answer:

a. Straight-line method.

depreciable value = $246,000 - $62,000 = $184,000

deprecaition expense per year = $184,000 / 10 = $18,400

year                 depreciation expense              book value

1                         $18,400                                   $227,600

2                        $18,400                                   $209,200

b. Units-of-production method.

depreciable value = $246,000 - $62,000 = $184,000

deprecaition expense per unit = $184,000 / 230,000 = $0.80

year                 depreciation expense              book value

1                         $28,000                                  $218,000

2                        $24,800                                   $193,200

c. Double-declining-balance method.

depreciation expense year 1 = $246,000 x 1/10 x 2 = $49,200

depreciation expense year 2 = $196,800 x 1/10 x 2 = $39,360

year                 depreciation expense              book value

1                         $49,200                                  $196,800

2                        $39,360                                   $157,440

Park Co. is considering an investment that requires immediate payment of $27,215 and provides expected cash inflows of $8,400 annually for four years. Assume Park Co. requires a 8% return on its investments. 1-a. What is the net present value of this investment

Answers

Answer:

the net present value is $606.64

Explanation:

The computation of the net present value is shown below:

But before that the present value of annual cash inflows is to be determined i.e.

Present value = annual cash flows × PVIFA(8%,4years)

= $8,400 × 3.3121

= $27,821.64

Now

Net present value = Present value of cash flows - initial investment

= $27,821.64 - $27,215

= $606.64

Hence, the net present value is $606.64

Activity 1 Explain the importance of giving accurate information to customers.​

Answers

Accuracy is not only important to us from a business standpoint, but it is important to you, our customers. ... Accuracy, or a lack of it, will greatly influence the customer experience. When accuracy is maintained, the result is a happy customer that will be a long-time advocate of the brand–that's our customers!

Why Accuracy is Important to Our Customers - Service Uniformhttps://www.serviceuniform.com › Blog
About featured snippets

f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, Scenic sold equipment (that originally cost $170,000 but had a $84,000 book value on that date) to Placid Lake for $118,000. At the time of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December 31, 2021, consolidation of these two companies to eliminate the impact of the intra-entity transfer

Answers

Answer:

Journal 1

Debit : Other Income  $34,000

Credit : Equipment $34,000

Journal 2

Debit : Accumulated depreciation  $6,800

Credit : depreciation $6,800

Explanation:

Step 1 : Eliminate the Income resulting from sale and the additional value of equipment sitting in the buyer books

Income = Selling Price - Carrying Amount

where,

Carrying Amount = Cost - Accumulated depreciation

                             = $84,000

therefore,

Income = $118,000 - $84,000 = $34,000

Journal;

Debit : Other Income  $34,000

Credit : Equipment $34,000

Step 2 : Eliminate the unrealized profit as a result of additional asset value

unrealized profit = income ÷ remaining useful life

                            = $34,000 ÷ 5

                            = $6,800

Journal;

Debit : Accumulated depreciation  $6,800

Credit : depreciation $6,800

The Razooks Company, which manufactures office equipment, is ready to introduce a new line of portable copiers. The following copier data are available:
Variable manufacturing cost $195
Applied fixed manufacturing cost 105
Variable selling and administrative cost 75
Allocated fixed selling and administrative cost 90
1) What price will the company charge if the firm uses cost-plus pricing based on variable manufacturing cost and a markup percentage of 210%?
a) $409.50.
b) $567.00.
c) $604.50.
d) $672.00.
e) None of these.
2) What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 165%?
a) $163.64.
b) $445.50.
c) $433.64.
d) $715.50.
e) None of these.
3) What price will the company charge if the firm uses cost-plus pricing based on absorption manufacturing cost and a markup percentage of 120%?
a) $594.00.
b) $825.00.
c) $660.00.
d) $850.22.
e) None of these.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Variable manufacturing cost $195

Applied fixed manufacturing cost 105

Variable selling and administrative cost 75

Allocated fixed selling and administrative cost 90

1)

Unitary variable cost= $195

Selling price= 195*2.1

Selling price= $409.5

2)

Total variable cost= 195 + 75= $270

Selling price= 270*1.65

Selling price= $445.5

3)

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Total absorption cost= 195 + 105= $300

Selling price= 300*1.2

Selling price= $360

All of the following are organization-directed benefits associated with offering unconditional guarantees except: a. the guarantee provides a means to avoid bankruptcy. b. the guarantee forces the firm to focus on the customer's definition of good service. c. offering the guarantee forces the firm to examine its entire service delivery system for failure points. d. the guarantee can be a source of pride and provide a motive for team building within the firm. e. the guarantee states a clear performance goal that is communicated to employees.

Answers

Answer:

All of the following are organization-directed benefits associated with offering unconditional guarantees except:

a. the guarantee provides a means to avoid bankruptcy.

Explanation:

Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy.  Bankruptcy arises from inadequate financing resulting from overtrading.  Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.

Current Attempt in Progress
Cullumber Company entered into these transactions during May 2022, its first month of operations.
1. Stockholders invested $42,500 in the business in exchange for common stock of the company.
2. Purchased computers for office use for $31,900 from Ladd on account.
3. Paid $2,900 cash for May rent on storage space.
4. Performed computer services worth $17,900 on account.
5. Performed computer services for Wharton Construction Company for $5,400 cash.
6. Paid Western States Power Co. $8,300 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,600 on account.
9. Received $14,000 cash from customers for contracts billed in (4).
Create a tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Answers

Answer:

Assets = Liabilities + Stockholders' Equity = $68,600

Explanation:

Note: See the attached excel file for the tabular analysis of the effect of each transaction on the accounting equation.

From the attached excel file, we have:

Assetes = Total assets balance = = $18,800 + $17,900 + 31,900 = $68,600

Liabilities = Total liabilities balance = $1,600

Stockholders' Equity = Total Common Stock balance + Total  Net Income balance = $42,500 + $25,500 = $67,000

Liabilities + Stockholders' Equity = $1,600 + $67,000 = $68,600

Therefore, we have:

Assets = Liabilities + Stockholders' Equity = $68,600

7x+5=80 please help pleaseeeeee​

Answers

X = 10.71 rounded to the hundredth

Charlie Manufacturing Company has two production departments, Melting and Molding. Direct general plant management and plant security costs benefit both production departments. Charlie allocates general plant management costs on the basis of the number of production employees and plant security costs on the basis of space occupied by the production departments. In November, the following overhead costs were recorded:

Melting Department direct overhead $350,000
Molding Department direct overhead 600,000
General plant management 180,000
Plant security 70,000

Melting Molding
Number of employees 50 90
Space occupied (square feet) 20,000 80,000
Machine hours 10,000 2,000
Direct labor hours 4,000 20,000

Required:
Prepare a schedule allocating general plant management costs and plant security costs to the Melting and Molding Departments.

Answers

Answer:

Charlie Manufacturing Company

A Schedule Allocating Service Costs to the Melting and Molding Departments:

                           General Plant     Plant      Melting       Molding     Total

                           Management   Security

Direct overhead    $180,000   $70,000  $350,000  $600,000  $1,200,000

General plant mgt  -180,000        0              64,286        115,714           0

Plant security                            -70,000        14,000       56,000           0

Total costs after   $0               $0            $428,286     $771,714  $1,200,000

Explanation:

a) Data and Calculations:

Overheads:

                           General Plant     Plant      Melting       Molding     Total

                           Management   Security

Direct overhead  $180,000     $70,000  $350,000  $600,000  $1,200,000

Number of employees                                         50              90                140

Space occupied (square feet)                     20,000       80,000        100,000

Machine hours                                              10,000         2,000          12,000

Direct labor hours                                          4,000       20,000         24,000

General plant mgt  -180,000        0             64,286       115,714           0

Plant security                            -70,000       14,000      56,000           0

General Plant management (Production Employees):

Melting = $64,286 ($180,000 * 50/140)

Molding = $115,714 ($180,000 * 90/140)

Plant Security (Space Occupied):

Melting = $14,000 ($70,000 * 20,000/100,000)

Molding = $56,000 ($70,000 * 80,000/100,000)

Peng Company is considering an investment expected to generate an average net income after taxes of $2,000 for three years. The investment costs $45,300 and has an estimated $7,500 salvage value.
Assume Peng requires a 15% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)
Peng Company is considering an investment expected to generate an average net income after taxes of $2,000 for three years. The investment costs $45,300 and has an estimated $7,500 salvage value.
Assume Peng requires a 15% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)
Cash Flow Select Chart Amount x PV Factor = Present Value
Annual cash flow Present Value of an Annuity of 1 =
Residual value Present Value of 1 =
Net present value

Answers

Answer:

$-7033.54

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + deprecation

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

($45,300  - $7,500) / 3 = $12,600

Cash flow = $12,600 + $2000 = $14,600

Cash flow in year 0 = $-45,300

Cash flow in year 1 =  $14,600

Cash flow in year 2 =  $14,600

Cash flow in year 3 =  $14,600 + $7,500 = $22,100

I = 15%

NPV = $-7033.54

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Satka Fishing Expeditions, Inc., recorded the following transactions in July
1. Provided an ocean fishing expedition for a credit customer, payment is due August 10
2. Paid Marine Service Center for repairs to boats performed in June. (In June, Satka Fishing Expeditions, Inc., had received and properly recorded the invoice for these repairs.)
3. Collected the full amount due from a credit customer for a fishing expedition provided in June.
4. Recelved a bill from Baldy's Bait Shop for bait purchased and used in July. Payment is due August 3
5. Purchased a new fishing boat on July 28, paying part cash and issuing a note payable for the balance. The new boat is first scheduled for use on August 5
6. Declared and paid a cash dividend on July 31
Indicate the effects that each of these transactions will have upon the following six total amounts in the company's financial statements for the month of July.
Choose I for increase, D for decrease, and NE for no effect in the column headings below to show the effects of the above transactions.

Answers

Answer:

Satka Fishing Expeditions, Inc.

Indication of the effects that each of these transactions will have upon the following six total amounts in the company's financial statements for the month of July:

Transaction             Income Statement                       Balance Sheet

                 Revenue  - Expenses = Net Income  Assets = Liabilities + Equity

1.                    I                    NE               I                   I                                 I

Accounts Receivable and Sales Revenue

2.                  NE                 NE               NE              D                  D          NE                      

Accounts Payable and Cash

3.                  NE                 NE               NE              NE (I and D)  NE      NE

Cash and Accounts Receivable

4.                 NE                  I                  D                NE                 I            D

Supplies Expenses and Accounts Payable

5.                 NE                 NE               NE              I/D                I            NE

Boat Purchased, Cash and Note Payable  

6.                 NE                NE                D              NE                 NE         D

Retained Earnings and Cash

Explanation:

a) Data and Transaction Analysis:

1. Accounts Receivable and Sales Revenue

2. Accounts Payable and Cash

3. Cash and Accounts Receivable

4. Supplies Expenses and Accounts Payable

5. Boat Purchased, Cash and Note Payable  

6. Retained Earnings and Cash

b)

Key:

I = increase

D = decrease

NE = no effect

No. 3 will increase the assets (cash) by the amount and decrease the assets (accounts receivable) by the same amount.  Overall, there will be no effect as the increase cancels the decrease equally.

Other Questions
What is the measure of DGH?A. 70 degreesB. 80 degreesC. 90 degreesD. 100 degrees Why is the interest of early philosophers in nature also a gradual liberation from religion? Explain which of the following describes the properties of a substance?A. how it reacts with other chemicals. B. how it behaves. C. all of these. D. how it looks Factor the difference of two perfect squares - 3m^2 - 243 =0 Did the Harlem Renaissance strengthen or weaken American society in the1920s? Explain: Which statement about the function of the cell membrane of all organisms is not correct? The cell membrane forms a barrier that keeps all substances that might harm the cell from entering the cell. The cell membrane is capable of transforming oxygen and glucose into energy for the cell The cell membrane controls the movement of molecules into and out of the cell. What is most clearly one theme of "Exhalation"?A. Scientific progress must not exceed the boundaries of society'smorals.B. Life on other planets must be studied in order to appreciate life onEarth.C. Beauty is found more in the theoretical elements of life than in thephysicalD. Acceptance of death is the first step to truly valuing life.SUBMIT 97 divided by 17 between what two consecutive whole numbers does the value lie? A: Between 3 and 4 | B: Between 5 and 6 | C: Between 8 and 9 | D: B: Between 4 and 5 Which region made money mostly through planting cash crops and slave trading?A- new england coloniesB-middle coloniesC-atlantic coloniesD-southern colonies You made Marcellus 3 times as tall as Dan but you dragged Marcelluss eyes to be 1 times as far apart as Dans eyes. A scale giant would have the same multiple for both.If Dan's eyes are 5 cm apart, how many centimeters apart should Marcellus's eyes be? The sum of two numbers is 19 . When the second number is subtracted from the first number, the difference is 17 . Find the two numbers.What are the two numbers? Calculus helpppppppppppppppp Please find the greatest common factor there is a picture If you apply the changes below to the quadratic parent function, f(x) = x?,what is the equation of the new function? Shift 1 unit right. Vertically stretch by a factor of 5. Reflect over the x-axis.O A. g(x) = (-5x + 1)2O B. g(x) = -5(x + 1)2O C. g(x) = 5x2 - 1O D. g(x) = -5(x - 1)2 Frequency more than 20,000 HZ what could I say about experiencing in childhood What does this mean and what are some examples of him not using his head?in the Outsiders Sabrase los sujetos de las siguientes oraciones y escriba, como se indica en el ejemplo, ela los modificadores directos y los indirectos. At a school health fair, individual pieces of fruit are placed in paper bags and distributed to students randomly. There are 20 apples, 15 apricots, 25 bananas, 25 pears, and 30 peaches. Write the answer as a fraction in simplest form. Find the probability of NOT getting an apple. Region of Birth of Foreign-Born Population of the USA 4-column table with 4 rows titled Region of Birth of Foreign-Born Population of the U S. Column 1 is labeled Region with entries Europe, Asia, Africa, Latin American. Column 2 is labeled 1990 with entries 8,881,548; 120,248; 2,538; 137,458. Column 3 is labeled 1930 with entries 11,784,010; 275,665; 18,326; 791,840. Column 4 is labeled 1990 with entries 4,350,403; 4,979,037; 363,819; 8,407,837.Which statements are true about the number of European immigrants between 1900 and 1990? Check all that apply.Half as many people were from Europe in 1900 than in 1930.Twice as many people were from Europe in 1900 than in 1990.The European-born population increased between 1900 and 1930.The European-born population decreased between 1930 and 1990.The European-born population decreased between 1900 and 1990.