22. An employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act: Group of answer choices Consistently with that of other managers. Independently to achieve the manager's objectives. Independently to achieve top management's objectives. Independently to achieve the customer's objectives.

Answers

Answer 1

Answer:

Independently to achieve top management's objectives.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

Hence, an employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act independently to achieve top management's objectives because they are playing a fiduciary duty or role.


Related Questions

The expected return on a portfolio: Group of answer choices can be greater than the expected return on the best performing security in the portfolio. can be less than the expected return on the worst performing security in the portfolio. is independent of the performance of the overall economy. is limited by the returns on the individual securities within the portfolio. is an arithmetic average of the returns of the individual securities when the weights of those securities are unequal.

Answers

Answer:

is limited by the returns on the individual securities within the portfolio

Explanation:

Portfolio is simply defined as a list of securities showing how much is (or will be) invested in each of them.

The expected return on a portfolio is calculated as the weighted average of the expected returns on the securities that the portfolio involves. The weight of each security is the a Portion or a fraction of wealth invested in that security. Expected return on a portfolio of N securities is: rp= sum (Xr).

Expected Return is usually based on anticipated income and anticipated capital appreciation.

In a paragraph of 250 words or less, please discuss areas of outstanding achievements. Give examples such as scholarships, leadership roles, major projects, work experience, etc. Outstanding achievements will be reviewed by all selected major choices to which you apply.

Answers

Explanation:

Writing a scientific article at the university can be a remarkable and relevant achievement as this article seeks to find solutions to problems faced by today's society. An example is a scientific project in the area of ​​environmental management that seeks to develop explanations and solutions applicable to companies for the implementation of environmental programs and certifications, it is a project that will contribute to the reduction of impacts to the environment and to the valorization of local communities and producers. .

However, it is necessary that the environmental management project presents solutions that benefit both the organization and the environment in fact, as organizations as profitable entities will implement some social and environmental benefit program if it is legally necessary or bring strategic and competitive benefits.

The standard deviation of the market-index portfolio is 35%. Stock A has a beta of 1.40 and a residual standard deviation of 45%.
a-1. Calculate the total variance of stock A if its beta is increased by 0.20?
a-2. Calculate the total variance of stock A if its residual standard deviation is increased by 7.54%?
b. An investor who currently holds the market-index portfolio decides to reduce the portfolio allocation to the market index to 90% and to invest 10% in stock A. Which of the following changes (an increase of 0.20 in beta or increase of 7.54% in residual standard deviation) will have a greater impact on the portfolio's standard deviation?
i. Both will have the same impact.
ii. Increase of .20 in beta will have a greater impact.
iii. Increase of 7.54% in the residual standard deviation will have a greater impact.

Answers

Answer:

a-1. Variance = Beta² * Standard deviation of market² + Residual standard deviation²

Beta increases by 0.2

= 1.4 + 0.2

= 1.6

Total variance

= 1.6² * 35%² + 45%²

= 51.61%

a-2. If residual value increases by 7.54% it becomes:

= 45 + 7.54

= 52.54%

Total variance

= 1.4² * 35%² + 52.54%²

= 51.61%

b. ii. Increase of .20 in beta will have a greater impact.

Portfolio standard deviation helps ascertain the effects of systematic risk on the portfolio. Beta is used to represent that systematic risk. A change in Beta will therefore affect standard deviation more because standard deviation shows the impact of beta as a representation of systematic risk.

A company has two open seats, Seat A and Seat B, on its board of directors. There are 6 candidates vying for these 2 positions. There will be a single election to determine the winner of both open seats. As the owner of 100 shares of stock, you will receive one vote per share for each open seat. You decide to cast all 200 of your votes for a single candidate. What is this type of voting called?

a. democratic
b. cumulative
c. straight
d. deferred
e. proxy

Answers

Answer:

b. cumulative

Explanation:

Cumulative voting is a type of voting in which more than one vote is placed to the desired candidate. The voters possess the right to extend more than one vote. All the votes in the hand of the voter can be entitled to any particular candidate as decided by the voter.  

In the given situation, cumulative voting system has been used. The voter gives all the 200 votes to the single candidate.

in managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to

Answers

Answer:

i am sooooooo sorry im new and i need point and agian i'm so sorry

Explanation:

To attain the lowest possible labor costs per pair produced at each production site, the corporation must minimize labor costs per pair produced at each of its plants.

What is the training objective of production workers?

The overarching goal of firm management should be to obtain the lowest possible labor costs per pair produced at each production facility in controlling production worker remuneration and expenditures for best practice training.

For more information about company expenditures, refer below

https://brainly.com/question/15871053

if you writte here you are not a helper people of branly

Answers

Answer:

sorry just wanted the points

Explanation:

Marigold Corp. incurs the following costs to produce 10100 units of a subcomponent: Direct materials $8484 Direct labor 11413 Variable overhead 12726 Fixed overhead 16200 An outside supplier has offered to sell Marigold the subcomponent for $2.85 a unit. If Marigold could avoid $3000 of fixed overhead by accepting the offer, net income would increase (decrease) by $838. $(3364). $6838. $(5929).

Answers

Answer:

The effect on net income is an increase by $6838.

Explanation:

Analysis of Accepting Special Offer

Savings :

Direct materials                                                     $8,484

Direct labor                                                            $11,413

Variable overhead                                               $12,726

Fixed Overheads                                                  $3,000   $35,623

Total Savings

Costs :

Purchase Price ( $2.85 x 10,100 units)                               ($28,785)

Effect on Net Income                                                             $6,838

Note : We have considered the avoidable component of fixed costs in this calculation. Ignore common fixed costs (unavoidable) since they are irrelevant for decision making.

Conclusion :

The effect on net income is an increase by $6838.

Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4% per year. The risk-free rate is 4%, and the expected return on the market portfolio is 12%. The stock has a beta of 0.75. What is the intrinsic value of the stock

Answers

Answer:

$66.67

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

required return = 4% + 0.75 ( 12% - 4%) 10%

4/ 0.1 - 0.04 = $66.67

e) Wesley Publishing has an office in England that would like the American office to share their

data on profits. What steps should the American office take in order to determine the profits in

pounds for the England office? (2 points)

I

Answers

Answer:

He should make sure he has the right profits then he should see how much things are going to cost, and then finalize it.

Explanation:

Sorry y'all I am having troubles with this assignment sorry if I get it wrong

g You have been hired to value a new 25-year callable, convertible bond with a par value of $1,000. The bond has a coupon rate of 6 percent, payable annually. The conversion price is $180 and the stock currently sells for $42.10. The stock price is expected to grow at 10 percent per year. The bond is callable at $1,200; but based on prior experience, it won't be called unless the conversion value is $1,300. The required return on this bond is 8 percent. What value would you assign to this bond

Answers

Answer:

The value that would be assigned to this bond is $1,209.36.

Explanation:

From the question, we have:

n = Number of years = 25

FV = Future value = $1,000

PMT = Coupon payment = Coupon rate * FV = 6% * $1000 = $60  

r = required return rate = 8%, or 0.08

CP = Conversion price = $180

P = Current selling price = $42.10

t = number of years the bond will be called = ?

PV = [(PMT / r) * (1 - (1 / (1 + r)^n))] + (FV / (1 + r)^n) = [(60 / 0.08) * (1 - (1 / (1 + 0.08)^25))] + (1000 / (1 + 0.08)^25) = $786.50

Therefore, we have:

PV = Current value of the bond = $786.50

CR = Conversion ratio = FV/CP = 1000 / 180  

CV = Conversion value = P * CR = $42.10 * (100 / 180) = $23.39

CCP = Current conversion price = CV = $23.39

CPB = Conversion price at which Bond will be called = $1,300

Therefore. we have:

CCP * CR^t = CPB ................... (1)

Substitute relevant values into equation (1) and solve for t, we have:

$23.39 * (1000 / 180)^t = $1,300

23.39 * 5.56^t = 1,300

5.56^t = 1,300 / 23.39

t = ln(1,300 / 23.39) / ln(5.56)

t = 2.34 years

Therefore, we have:

Value assigned to the bond = PV = [(PMT / r) * (1 - (1 / (1 + r)^t))] + (CPB / (1 + r)^t) = [(60 / 0.08) * (1 - (1 / (1 + 0.08)^2.34))] + (1300 / (1 + 0.08)^2.34) = $1,209.36

A trade secret is a formula, device, process, method, or compilation of information that, when used in___________ , gives the owner an advantage over _______who do not know the ________information. In addition to considering the competitive advantage, a court will consider whether the information was , ________and___________ (and/or expensive) to obtain, when determining whether something is a trade secret. Another important consideration is whether the company made to __________protect it.
Fill in the blanks with words that would best complete the passage.
a. difficult
b. extraordinary efforts
c. interesting
d. the public domain
e. employees
f. commercial
g. reasonable efforts
h. desirable
i. conceal
j. readily available

Answers

Answer:

Business; competitors; secret; readily available; difficult; reasonable efforts.

Explanation:

A trade secret is a formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors who do not know the secret information.

In addition to considering the competitive advantage, a court will consider whether the information was, readily available and difficult (and/or expensive) to obtain, when determining whether something is a trade secret. Another important consideration is whether the company made reasonable efforts to protect it.

For example, the recipe and ingredients used in the manufacturing of popular soft drinks and alcoholic beverages is a trade secret that isn't known to many people around the world.

Judge made laws are known as

Answers

I found this online :

In law, common law (also known as judicial precedent or judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions. The defining characteristic of “common law” is that it arises as precedent.

Following is the stockholders’ equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for noncontrolling interests have been left out of income and shareholders' equity information.
$ millions except per share amounts 2014 2013
Net earnings attributable to Procter $10,956 $11,797
& Gamble shareholders
Common dividends 5,883 5,534
Preferred dividends 256 233
Basic net earnings per common share $3.82 $4.12
Diluted net earnings per common share $3.66 $3.93
Shareholders' equity:
Convertible class A preferred stock, $1,195 $1,234
stated value $1 per share
Common stock, stated value $1 per share 4,008 4,008
Additional paid-in capital 63,181 62,405
Treasury stock, at cost (shares held: (69,604) (67,278)
2014--1260.8; 2013--1242.6)
Retained earnings 75,349 70,682
Accumulated other comprehensive (9,333) (2,054)
income/(loss)
Other (761) (996)
Shareholders' equity attributable to $64,035 $68,001
Procter & Gamble shareholders
a. Compute the number of common shares outstanding at the end of each fiscal year. Estimate the average number of shares outstanding during 2014. Round to one decimal place.
2014 million
2013 million
2014 Average million
b. Calculate the average cost per share of the shares held as treasury stock at the end of each fiscal year. Round to two decimal places.
2014
2013
c. In 2014, preferred shareholders elected to convert 40 million shares of preferred stock into common stock. Rather than issue new shares, the company granted 40 million shares held in treasury stock to the preferred shareholders. Prepare a journal entry to illustrate how this transaction would have been recorded. (Hint: use the cost per share for 2013 determined in b.) Enter answers in millions. Round to the nearest million.
Description Debit Credit
Preferred stockTreasury stockAdditional paid-in capital
Additional paid-in capital
Preferred stockTreasury stockAdditional paid-in capital
d. Calculate P&G's return on common equity (ROCE) for fiscal 2014. Round to one decimal place.
2014

Answers

Answer:

See below

Explanation:

a.

2014 $2,747.2 Million

2013 $2,765.4 Million

2014 Average $2,756.3 Million

Working

2014 4,008.0 - 1,260.8 = $2,747.2

2013 4,008.0 - 1,242.6 = $2,765.4

b.

2014 $54.14

2013 $55.21

c.

Account title

Preferred stock A/c Dr. $40.0

Additional paid in capital A/c Dr. $2,128.4

To Treasury stock A/c Cr. $2,168.4

d.

Net earnings attributable to P and G shareholders

$10,956

Shareholder's equity attributable to P and G shareholders $64,035

ROCE

($10,956 / $64,035) × 100

17.1%

On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $85,000. On this date, Zeibart examines the equipment for impairment and estimates undiscounted expected cash inflows from this equipment of $115,000
(1) Compute the annual depreciation expense relating to this equipment.
(2) Compute the equipment’s net book value at the end of the fourth year.
(3) If the equipment is impaired at the end of the fourth year, compute the impairment loss. (If the equipment is not impaired, enter 0.)
(4) Compute the annual depreciation expense

Answers

Answer:

(1) $19,500

(2) $142,000

(3) $27,000

(4) $15,000

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the p/l over the useful life of the asset. It may be computed as

Depreciation = (cost - salvage value)/useful life

Annual depreciation = ($220,000 - $25,000)/10

= $19,500

4 years later

Carrying amount of the equipment

= $220,000 - 4 * $19,500

= $220,000 - $78,000

= $142,000

If the asset is impaired

An asset is said to be impaired when the carrying amount is higher than recoverable amount where the recoverable amount is the higher of the fair value less cost to sell or the value in use of the asset which is the present value of the future expected inflow from the use of the asset.

Value in use = $115,000

Fair value = $85,000

Value in use = $115,000

Impairment loss = $142,000 - $115,000

= $27,000

Remaining number of years is 6

New carrying amount = $115,000

the annual depreciation expense = ($115,000 - $25,000)/6

= $90,000/6

= $15,000

Following is the stockholders’ equity section from the The Coca-Cola Company 2017 balance sheet. (All amounts in millions except par value.)

The Coca-Cola Company Shareowners' Equity December 31, 2017
Common stock-$0.25 par value; authorized-11,200 shares; issued-7,040 shares $1,760
Capital surplus 15,864
Reinvested earnings 60,430
Accumulated other comprehensive income (loss) (10,305)
Treasury stock, at cost-2,781 shares (50,677)
Equity attributable to shareowners of The Coca-Cola Company $17,072

Required:
a. Compute the number of shares outstanding.
b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places.

Answers

Answer and Explanation:

a. The computation of the no of shares outstanding is shown below:

No. of shares outstanding is

= shares issued - shares held as treasury stock

= 7,040 shares - 2,781 shares

= 4,259 shares

b. The average price is

= (Common Stock value + Capital Surplus) ÷ No. of shares issued

=($1,760 + $15,864) ÷ 4259 shares

= $4.14

You are planning to buy a house in eight years. Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 5%? *.677

A)$6,770

B) $6,590

C) $7,470

D) $9,400

E) $10,000

Answers

Answer:

the answer is B

Explanation:

Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?​

Answers

Answer:

pick 'n pay through daily promotions

Assume that Simple Co. had credit sales of $280,000 and cost of goods sold of $165,000 for the period. It estimates that 2 percent of credit sales in uncollectible accounts when it uses the percentage of credit sales method and it estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $6,900 when it uses the aging method. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $400.

Required:
Prepare the journal entry to record the end-of-period adjustment for bad debts under the (a) percentage of credit sales method and (b) aging of accounts receivable method.

Answers

Answer:

A. Dr Bad Debt Expense $5,600

Cr Allowance for Doubtful Accounts $5,600

B. Dr Bad Debt Expense $6,500

Cr Allowance for Doubtful Accounts $6,500

Explanation:

A. Preparation of the journal entry to record the end-of-period adjustment for bad debts under

percentage of credit sales method

Dr Bad Debt Expense $5,600

Cr Allowance for Doubtful Accounts $5,600

($280,000 x .02 = 5600)

(Being to record bad debts under percentage of credit sales method)

B. Preparation of the journal entry to record the end-of-period adjustment for bad debts under the aging of accounts receivable method.

Dr Bad Debt Expense $6,500

Cr Allowance for Doubtful Accounts $6,500

($6,900 - $400 = 6500)

Both __________ and __________ affect the awareness and motivation of a firm to undertake actions and responses. a. first-mover advantages; corporate size b. market commonality; resource similarity c. management capabilities; competitive analysis d. speed of management decisions; management actions

Answers

Answer:

b. market commonality; resource similarity

Explanation:

The two things that can impact the awareness and the motivation so that the firm could take the actions and responses is that the market commodity where the company deals with and the similarity of the resources. These two things would be required that can impact the awareness and the motivation level of the firm

hence, the option b is correct

Suppose you are the money manager of a $5.21 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 320,000 1.50 B 780,000 (0.50) C 1,260,000 1.25 D 2,850,000 0.75 If the market's required rate of return is 10% and the risk-free rate is 5%, what is the fund's required rate of return

Answers

Answer: 8.65%

Explanation:

First find the weights of the stocks:

Total = 320,000 + 780,000 + 1,260,000 + 2,850,000

= $‭5,210,000‬

Stock A:

= 320,000 / ‭5,210,000‬

= 6.14%

Stock B:

= 780,000 / ‭5,210,000‬

= 14.97%

Stock C:

= 1,260,000 / ‭5,210,000‬

= 24.18%

Stock D:

= 2,850,000 / ‭5,210,000‬

= 54.70%

Then calculate Portfolio Beta.

Portfolio beta = (6.14% * 1.50) + (14.97% * - 0.5) + (24.18% * 1.25) + (54.72% * 0.75)

= 0.7299

Required rate of return using Capital Asset Pricing Model (CAPM)

= Risk free rate + Beta * (Market return - risk free rate)

= 5% + 0.7299 * (10% - 5%)

= 8.65%

Provide an example of two companies that have built in effective co-opetition. Briefly explain the benefit of the relationship describe one job that once existed but today is obsolete or slowly becoming obsolete because of technology provide an exampled of two companies that have built a strategic alliance. Briefly explain the benefits of the relationship.

Answers

Answer:

Microsoft and Apple, Samsung and sony.

Explanation:

Samsung electronics and sony formed an agreement in 2004 for use of shared knowledge and resources in designing flat television screens.  A strategic alliance is a collaboration or a synergy where each partner gets the benefits of the alliance. Jobs such as travel agencies, cashiers, textile workers.  A strategic alliance consists of healthy behavior, long terms goals, and better customer satisfaction.

The management of Mitchell Labs decided to go private in 2002 by buying all 3.30 million of its outstanding shares at $17.50 per share. By 2006, management had restructured the company by selling off the petroleum research division for $13.50 million, the fiber technology division for $9.25 million, and the synthetic products division for $23 million. Because these divisions had been only marginally profitable, Mitchell Labs is a stronger company after the restructuring. Mitchell is now able to concentrate exclusively on contract research and will generate earnings per share of $1.40 this year. Investment bankers have contacted the firm and indicated that if it reentered the public market, the 3.30 million shares it purchased to go private could now be reissued to the public at a P/E ratio of 12 times earnings per share.

Required:
a. What was the initial cost to Mitchell Labs to go private?
b. What is the total value to the company from (1) the proceeds of the divisions that were sold, as well as (2) the current value of the 3.30 million shares (based on current earnings and an anticipated P/E of 12)?
c. What is the percentage return to the management of Mitchell Labs from the restructuring?

Answers

Answer: See explanation

Explanation:

a. What was the initial cost to Mitchell Labs to go private?

This will be calculated as:

= Price per share × Number of shares

= $17.50 × 3.3 million

= $57.75 million

b. What is the total value to the company from (1) the proceeds of the divisions that were sold, as well as (2) the current value of the 3.30 million shares (based on current earnings and an anticipated P/E of 12)?

This will be calculated as:

= $13.5 Million + $9.25 Million + $23 Million + [(12 X $ 1.40) × 3.3 Million]

= $45.75 Million + $55.44 Million

= $101.19 Million

c. What is the percentage return to the management of Mitchell Labs from the restructuring?

This will be calculated as:

= {$101.19 Million - $57.75 Million} /$57.75 Million

= $43.44/$57.75 × 100

= 0.7522 × 100

= 75.22%

Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information based on uncertain events that may impact the market, and buyers commit to a financial contract in which they obligate themselves to purchasing a fixed quantity of the asset at a specified price on a certain date. In April, 2019, the national average price of unleaded gasoline was $2.87 per gallon. At the same time, the futures price for a June contract on unleaded gasoline was $2.07 per gallon.
A. The forecasted price in the futures market suggests that unleaded gasoline prices will_____by June of 2019.
B. If the information transmitted in this market is accurate and unbiased, then the predict____the actual price we will see in June.

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

a.

Unleaded fuel prices are expected to fall by June 2019 according to future demand forecasts.

Since the future price is less than the spot price, it would be better for long-term buyers who can wait for the price to increase because the market is currently in BACKWARDATION. This happens due to a short-term disparity in demand and supply.

b.

If the information in this sector is reliable and impartial, the expected June price will most likely be similar to the real price we will see in June.

It is reliable if the market is accurate and impartial, i.e. the market research on which knowledge flows.

The prices of goods are either integrated or expressed in such a flow of knowledge.

So, if it's unbiased and reliable, the forecast prices would be reasonably similar to the real future price.

Answer:

A. Decline

B. Close to

Explanation:

A. The prediction market for gasoline is much lower so prices would need to decline

B. Due to the information being accurate, it is safe to assume that the predicted price will we close to the actual price

A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell

Answers

Answer:

The bond was sold at $1,136.78.

Explanation:

Annual coupon = Bond face value * Coupon rate = $1000 * 5% = $50

Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)

Where;

r = semi-annul interest rate = 4% / 2 = 2%, or 0.02

n = number of period = 20 years * Number of semiannuals in a year = 20 * 2 = 40 semi-annuals

Substituting the values into equation (1), we have:

Annual coupon discount factor = ((1-(1/(1 + 0.02))^40)/0.02) = 27.3554792407382

Present value of coupon = (Annual coupon * Annual coupon discount factor) / 2 = ($50 * 27.3554792407382) / 2 = $683.886981018455

Present value of the face value of the bond = Face value / (1 + r)^n = $1,000 / (1 + 0.02)^40 = $452.890415185236

Therefore, we have:

Price of bond = Present value of coupon + Present value of the face value of the bond = $683.886981018455 + $452.890415185236 = $1,136.77739620369

Approximating to 2 decimal places, we have:

Price of bond = $1,136.78

Therefore, the bond was sold at $1,136.78.

Item4 3 points eBookHintPrintReferencesItem 4 Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 12 $ 8 $ 96 11 Purchase 38 9 342 24 Purchase 20 11 220 30 Ending 24 Required: Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.

Answers

Answer:

a. FIFO

cost of ending inventory  = $256

cost of goods sold  = $402

b. LIFO

cost of ending inventory  = $204

cost of goods sold = $454

c. Weighted average cost

cost of ending inventory =  $225.60

cost of goods sold = $432.40

Explanation:

Periodic method means cost of sales and inventory balance are determined at the end of the period.

Step 1 : Units Sold

Units Sold = Units available for Sale - Units in Inventory

                  = (12 + 38 + 20) - 24

                  = 46

Step 2 : FIFO

FIFO assumes that the units to arrive first, will be sold first.

cost of ending inventory = 20 x $11 + 4 x $9 = $256

cost of goods sold = 12 x $8 x 34 x $9 = $402

Step 3 : LIFO

LIFO assumes that the units to arrive last, will be sold first.

cost of ending inventory = 12 x $9 + 12 x $8 = $204

cost of goods sold = 20 x $11 x 26 x $9 = $454

Step 4 : Weighted average cost

Weighted average cost method calculates a new unit cost with every purchase made. this unit cost is then used to calculated cost of sale and ending inventory.

Unit Cost = Total Costs ÷ Units available for sale

                = (12 x $8 + 38 x $9 + 20 x $11 ) ÷ (12 + 38 + 20)

                = $9.40

cost of ending inventory = Units in Inventory x Unit Cost

                                         = 24 x $9.40

                                         = $225.60

cost of goods sold = Units Sold x Unit Cost

                               = 46 x $9.40

                               = $432.40

What is a planned economy regulated by?

Answers

Explanation:

The government regulates the interactions between producers and consumers.

The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales of 100 units:

Per-Unit Costs Variable production costs:
Direct materials $140
Direct labor 170
Variable factory overhead 80
Fixed production costs:
Depreciation (equipment) 40
Factory rent 68
Other 16
Total production cost $514
Variable selling & administrative costs $24 per unit
Fixed selling & administrative costs $36 per unit

Assume that the Violin Division was evaluating whether or not it would accept a special sales order for 10 violins at $390 per unit. For this purpose, total relevant cost per unit (given the costs stated above) is:

a. $330
b. $342
c. $390
d. $366
e. $354

Answers

Answer:

Total relevant costs= $390

Explanation:

I will assume that the company has unused capacity and that the special offer will not affect the current sales. Given these assumptions, the fixed costs would not be taken into account.

Relevant costs:

Direct materials $140

Direct labor 170

Variable factory overhead 80

Total relevant costs= $390

you are required to write a report and in this report you are to consider the importance of understanding the business environment​

Answers

Answer:

The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation. It also helps thebusiness enterprise in identification of opportunities and threats.

Explanation:

I am not sure if this is what you wanted

AAA Advertising hires Christopher as a photographer to take photographs of products for AAA’s use in its advertising campaigns. Christopher is to use his own DSLR camera. Christopher will have an office at AAA but only needs to come in 10 hours a week, of his own choosing. Christopher will work under a supervisor who will tell him exactly what photos to take and how many of each product. He will be paid a flat $2,000 salary every other week, regardless of how much work he does. 1) What is Christopher’s employment status with AAA, is he an employee or independent contractor? 2) Discuss each of the applicable factors used to determine whether a worker is an independent contractor or employee.

Answers

Answer:

Christopher is an Employee

Explanation:

1) Christopher is an Employee because he is been paid a flat rate regardless of the amount of work he puts in, also he is directly supervised, has an office in AAA and also he must put in  10 hours of work per week

2) Factors that makes a worker an independent contractor or an Employee includes

level of instruction; If the company or its representative directs the worker on how, when and where a job can be done this indicates that the worker is an employee work schedule: An independent contractor is totally in control of his time and determines the amount of hours to put in but if the work schedule is determined by the company then it will be an employee arrangement form of payment ; Hourly, weekly and monthly payments are mostly used for employees ,most independent contractors collect their pay once a task is completed by themprofit or loss : Employees do not share in the profit or loss of the organization since they are paid a flat rate.

On April 1, Year 1, Fossil Energy Company purchased an oil producing well at a cash cost of $11,100,000. It is estimated that the oil well contains 840,000 barrels of oil, of which only 740,000 can be profitably extracted. By December 31, Year 1, 37,000 barrels of oil were produced and sold. What is depletion expense for Year 1 on this well

Answers

Answer:

$555,000

Explanation:

Depletion expense = barrels mined in year 1 / barrels that can be profitably extracted ) x cost of the well

37,000 / 740,000) x 11,100.000 = $555,000

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