Answer:
Remain unchanged
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Initial Breakeven quantity = $861,250 / ($30 - $16.75) = 65,000
New = $958,750 / ( $30 - $15.25 ) = 65,000
The new and initial breakeven quantity are the same : 65,000
Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,621.36 today) to have $ 13,241.39 exactly two years from today?
Answer: 11.65%
Explanation:
The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.
Future value formula therefore applies:
Future value = Current value * ( 1 + interest rate) ^ no. of years
13,241.39 = 10,621.36 * ( 1 + i) ²
(1 + i)² = 13,241.39 / 10,621.36
(1 + i)² = 1.24667556697
1 + i = √1.24667556697
i = 1.116546267 - 1
i = 11.65%
Suppose that an economy's labor productivity fell by 3 percent and its total worker-hours remained constant between year 1 and year 2. We could conclude that this economy's
1. real GDP declined.
2. capital stock increased.
3. production possibilities curve shifted outward.
4. actual production moved from one point to another on a fixed production possibilities curve.
Answer: 1. real GDP declined.
Explanation:
If labor productivity fell yet the workforce did not increase, that means that for Years 1 and 2, workers were producing less than they were producing before because the same number of people were producing.
This means that the amount of goods produced in the country would reduce and therefore GDP would reduce as well as GDP is the amount of goods and services produced in a country. If labor productivity had fallen yet the work-hours had increased, the increase in worker hours would have made up for the loss of labor productivity.
Suppose a financial manager buys call options on 26,000 barrels of oil with an exercise price of $111 per barrel. She simultaneously sells a put option on 26,000 barrels of oil with the same exercise price of $111 per barrel. What are her payoffs per barrel if oil prices are $106, $107, $111, $115, and $116?
Answer:
Explanation:
Suppose a financial manager buys call options on 24,000 barrels of oil with an exercise price of $119 per barrel. She simultaneously sells a put option on 24,000 barrels of oil with the same exercise price of $119 per barrel. What are her payoffs per barrel if oil prices are $103, $108, $119, $130, and $135? (Leave no cells blank - be certain to enter "O" wherever required. A negative answer should be indicated by a minus sign.) 130 $ 135 Market price Payoffs per barrel 108 $ 119 103 $ $
Question 2: Global production company wants to collect data from the computer
buyers. AS A business research, explain which survey method of data collection would
be more appropriate. Justify your answer.
Answer:
ANswer to the following question is as follows;
Explanation:
Companies aim to acquire data from computer customers by surveying their business in the worldwide production market. This kind of data collecting delivers a more comprehensive survey than individual data gathering, is less costly, and saves time, and has a high response rate.
According to the present market circumstances, I recommended utilising a postal survey and in-person interviews study as a company researcher.
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for August using the weighted-average inventory method.
Units of Product Percent of Conversion Added
Beginning Work in Process 282,000 40%
Units started 578,000 100%
Units completed 637,000 100%
Ending Work in Process 223,000 50%
Answer:
Total equivalent units of production = 748,500
Explanation:
This can be computed as follows:
Equivalent units of production (EUP) completed and transferred out = Units completed 100% = 637,000
EUP in Ending Work in Process = Units of Product * Percent of Conversion Added = 223,000 * 50% = 111,500
Therefore, we have:
Total equivalent units of production = EUP completed and transferred out + EUP in Ending Work in Process = 637,000 + 111,500 = 748,500
If in 2019 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt to equity ratio for Luther in 2019 is closest to:
Answer:
Explanation:
If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt -equity ratio for Luther in 2006 is closest to ________.
A) 3.45 B) 1.72 C) 0.86 D) 2.41
B) D / E = Total debt / Total equity
Total Debt = Notes payable (10.5) + Current maturities of long-term debt (39.6) + Long-term debt (231.3 ) = 281.4 million
Total equity = 10.2 × $16 = $163.2, so D / E = $281.4 / $163.2 = 1.72
Most executive information systems include a _____, which integrates information from multiple sources and presents it in a unified, understandable format, often as charts and graphs.
a. digital dashboard
b. decision support system database
c. model base
d. decision support system engine
Answer:
a. digital dashboard.
Explanation:
Management involves the control, planning and organization of the affairs of a business firm.
Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.
An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.
Hence, most executive information systems (EISs) include a digital dashboard, which is typically used for integrating information obtained from multiple sources and then presents it in a unified, understandable format, often as charts and graphs.
Select the item below that is a characteristic of holistic marketing: _________
a. Implementing targeted marketing programs for green products.
b. Focusing on marketing individual products to consumers
c. Combining different marketing techniques to sell a product
d. Considering all business aspects when marketing products
Answer:
D. Considering all business aspects when marketing products
Explanation:
When a whole business (in general) is considered for the marketing strategy, it forms a holistic marketing approach. In this type of strategy different departments of an organization come together to give positive inputs that create a robust business marketing strategy.
What do statistics show about most Americans’ financial management?
Answer:
46%of Americans couldn't come out with $400 in an emergency
It suggests that 46% of all Americans find it difficult to come up with four hundred bucks if there had been to be an emergency. Also, 60% of Americans will face that emergency within one year or less.
Why is it crucial to know about financial management?Financial management helps in enhancing the profitability of organizations, increases the general price of the corporations or organizations, provides financial stability, encourages personnel to store money, and enables them in non-public economic planning.
Hence, this is the statistical information we get about Americans' financial management.
Learn more about financial management here:
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If the exchange rate for Canadian and U.S. dollars is 0.92777 to 1, this implies that 13 Canadian dollars will buy ____ worth of U.S. dollars. (Select the nearest answer.)
Answer:
U.S. dollars = 14.012 U.S. dollars
Explanation:
Below is the exchange rate:
0.92777 Canadian dollars = 1 U.S dollars
Thus to find the amount of U.S. dollars bought from the 13 Canadian dollars, just divide the 13 Canadian dollars from 0.92777. Therefore the resulting answer will be the U.S. dollars.
U.S. dollars = 13 / 0.92777
U.S. dollars = 14.012 U.S. dollars
Paper Company receives a $4,598, three-month, 3% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note
Answer and Explanation:
The journal entry that should be recorded at the time of receiving the note is given below:
Notes Receivable - Dame Company $3,164
To Accounts Receivable - Dame Company $3,164
(Being the receiving of the note is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
The section of the demand curve from A to B represents the a. inelastic section of the demand curve. b. unit elastic section of the demand curve. c. perfectly elastic section of the demand curve. d. elastic section of the demand curve. g
Answer: d. elastic section of the demand curve.
Explanation:
When using a linear demand curve, it has been found that the top half of the curve represents the elastic section which is where the section A to B cover so this is the elastic section.
The mid point which is B here is the unitary elastic portion of the curve and the bottom half of point B to C is the inelastic section.
In the elastic section, increasing the price by a certain percentage would cause the quantity demanded to fall by a higher percentage than the percentage increase in price.
If total assets decreased by $88,000 during a period of time and stockholders' equity increased by $71,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is:_______.a. $17,000 increase b. $159,000 increase c. $88,000 decrease d. $159,000 decrease
Answer:
The total liability will decrease by $159000
Explanation:
Below is the calculations:
Assets = Liabilities + Equity
Since the asset is the sum of liabilities and equity so the decrease in assets will be subtracted from the asset and an increase in the liability will be increased in the equity.
Assets = Liabilities + Equity
Assets - $88000 = (Liabilities-159000) + (Equity + 71000)
Assets - $88000 = (Liabilities + equity) - 88000
Thus the total liability will decrease by $159000
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is estimated to hold 1,000,000 tons of ore. The estimated value of the land after the ore is removed is $200,000.1. Prepare the entry(ies) to record the cost of the ore mine.2. Prepare the year-end adjusting entry if 180,000 tons of ore are mined and sold the first year.3. Calculate the depletion expense from the information given.
Answer:
1. Date Account titles and explanation Debit Credit
Ore mine $1,400,000
Cash $1,400,000
(To record ore mine cost)
2. Date Account titles and explanation Debit Credit
Depletion expenses $288,000
Accumulated depletion $288,000
(To record depletion expenses)
3. Particulars Amount
Cost $1,800,000 ($1,400,000+$400,000)
Salvage $200,000
Amount subject to depletion $1,600,000 ($1,800,000 - $200,000)
Total units of capacity 1,000,000
Depletion per unit $1.6 ($1,600,000/1,000,000)
Units extracted & sold in period 180,000
Depletion expense $288,000 (180,000*$1.6)
Red Raider Company uses a plantwide overhead rate with direct labor hours as the allocation base. Next year, 560,000 units are expected to be produced requiring 0.90 direct-labor hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?
Estimated: Department 1 Department 2
Manufacturing overhead costs $2,530,000 $900,000
Direct labor hours 168,000 DLH 110,000 DLH
Machine hours 30,000 MH 8,000 MH
a. $12.34 per unit
b. $63.95 per unit
c. $7.32 per unit
d. $11.11 per unit
e. $15.06 per unit
Answer:
d. $11.11 per unit
Explanation:
Plant wide overhead rate = Total manufacturing cotsts / Total direct labor hours
Plant wide overhead rate = ($2,530,000 + $900,000) / (168,000+110,000)
Plant wide overhead rate = $3,430,000 / 278,000
Plant wide overhead rate = $12.34 per DLH
Overhead cost per unit = Plant wide overhead rate * Direct hours per unit
Overhead cost per unit = $12.34 * 0.90
Overhead cost per unit = $11.11 per unit
acc 450 An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm is referred to as a(n):
Answer:
peer review engagement
Explanation:
A peer review refers to the external review done on the periodic basis that represent the quality control system of the firm in accounting & auditing
Also it is an engagement where the CPA firm arranged the critical review by other CPA
So it is a peer review engagement
Hence, the same should be considered
ou own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected returns on these three stocks are 11 percent, 17 percent, and 13 percent, respectively. What is the expected return on the portfolio
Answer:
The expected return on the portfolio is:
= 13.2%
Explanation:
a) Data and Calculations:
Portfolio
Stock Percentage Expected Weighted
Holding Returns Returns
Stock X 30% 11% 3.3%
Stock Y 20% 17% 3.4%
Stock Z 50% 13% 6.5%
Total 100% 13.2%
b) The expected return on the portfolio is the addition of the weighted returns from each investment. The weighted returns are obtained by multiplying the percentage holding of each stock with its expected returns.
The process of gathering and evaluating information to determine whose interests should be emphasized throughout the project is called
Answer:
whose interests shoud be emphasized throughout the project
Explanation:
Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 4,500 ounces in beginning work in process inventory (90% complete). During the period, 74,900 ounces were completed. The ending work in process inventory was 3,700 ounces (40% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process? fill in the blank 1 units
Answer: 74,100 units
Explanation:
If the materials are added at the beginning of the process then the opening work in process inventory would need to be deducted from the completed inventory for the period. Also there would be no need to multiply the units by their completion level because they are assumed to be at 100% completion because materials were added at the very beginning.
Total equivalent units for direct materials is:
= (Completed units - Opening inventory) + Closing work in process
= (74,900 - 4,500) + 3,700
= 74,100 units
Blume Corporation leases equipment for a ten-month period. The entire related lease payment is due at the end of the ten-month period. The journal entry to recognize the monthly accrual related to the lease will include a debit to:
Answer: d. short-term lease expense.
Explanation:
The debit has to go to an expense account to recognize that a lease expense is being incurred. The relevant account would be a short-term lease expense account because the lease is a short term lease as it is to last for less than a year.
The credit will go to an accrued lease account to recognize that it is a current liability because liabilities are credited when they increase.
An organization implements an information system to optimize its supply chain. The system helps the organization decrease wastage. Hence, the system provides a competitive advantage to the organization. Here, the information system helped the organization achieve competitive advantage by
Answer:
Reducing cost
Explanation:
Competitive advantage is defined as the edge a firm has over others that results in greater profits.
It can be as a result of technology, price, cost reduction, or quality.
In the given scenario where an organization implements an information system to optimize its supply chain by decreasing wastage, it is reducing its cost as a way of gaining competitive advantage over other companies.
The University Store, Incorporated is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: University Store, Incorporated Income Statement For the Quarter Ended March 31 Sales $ 800,000 Cost of goods sold 560,000 Gross margin 240,000 Selling and administrative expenses: Selling $ 100,000 Administrative 110,000 210,000 Net operating income $ 30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is: A) $660,000 B) $700,000 C) $180,000 D) $140,000
Answer:
The University Store
The contribution margin for the University Store for the first quarter is:
= D) $140,000
Explanation:
a) Data and Calculations:
University Store,
Incorporated Income Statement
For the Quarter Ended March 31
Sales $ 800,000
Cost of goods sold 560,000
Gross margin 240,000
Selling and administrative expenses:
Selling $ 100,000
Administrative 110,000 210,000
Net operating income $ 30,000
Selling price per book = $40.00
Variable selling expenses per book = $3.00
Variable administrative expenses = 5% of sales
Sales Revenue $800,000
Cost of goods sold 560,000
Selling expense 60,000
Admin. expense 40,000
Total variable costs 660,000
Contribution margin 140,000
The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the tax? Under what conditions will producers pay most of it? A. It depends on who is legally obligated to pay the tax. Typically producers are required to pay the tax and therefore bear most of the burden. B. If demand is relatively more elastic than supply, producers will pay more of the tax. C. It depends on who is legally obligated to pay the tax. Typically consumers are required to pay the tax and therefore bear most of the burden. D. If demand is relatively less elastic than supply, producers will pay more of the tax.
Answer:
B
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
If demand is more elastic than supply, if price is increased as a result of tax, demand would fall more than supply. As a result, producers would bear more tax burden
Fox Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the Corporation estimated manufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actual figures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost records for the period will show:
Answer:
See below
Explanation:
Given the information above, we will calculate the predetermined overhead rate first.
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor
= $18,000 / 15,000
= $1.2
Then,
Manufacturing overhead = Predetermined overhead rate × Actual direct labor hours
= $1.2 × 16,000
= $19,200
Then,
Cost records for the period = Manufacturing overhead - Actual manufacturing overhead
= $19,200 - $19,500
= $300 over applied
When Job 117 was completed, direct materials totaled $13,116; direct labor, $22,560; and factory overhead, $16,788. A total of 2,186 units were produced at a per-unit cost of a.$35,676 b.$24 c.$52,464 d.$2,186
Answer:
Unitary cost= $24
Explanation:
Giving the following information:
Total direct material= $13,116
Direct labor= $22,560
Factory overhead= $16,788
Number of units= 2,186
First, we need to calculate the total cost:
Total cost= 13,116 + 22,560 + 16,788
Total cost= $52,464
Now, the unitary cost:
Unitary cost= total cost / number of units
Unitary cost= 52,464 / 2,186
Unitary cost= $24
Perteet Corporation's relevant range of activity is 6,600 units to 13,000 units. When it produces and sells 9,800 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.30 Direct labor $ 3.70 Variable manufacturing overhead $ 1.80 Fixed manufacturing overhead $ 3.10 Fixed selling expense $ 0.70 Fixed administrative expense $ 0.40 Sales commissions $ 0.50 Variable administrative expense $ 0.55 If 7,300 units are produced, the total amount of manufacturing overhead cost is closest to:
Answer:
Total overhead cost= $43,520
Explanation:
Giving the following information:
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 3.10
First, we need to calculate the total fixed overhead:
Total fixed overhead= 3.1*9,800 = $30,380
Now, the total overhead cost for 7,300 units:
Total variable overhead= 7,300*1.8= 13,140
Total fixed overhead= 30,380
Total overhead cost= $43,520
Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $258 two years ago and has an expected life of six years. A comparable microwave costs $366 today. What amount will the insurance company pay
Answer: $366
Explanation:
Replacement Cost Coverage refers to the valuation methods for the establishment of the value of an insured property which is used in knowing the amount that an insurer will
have to pay in case there is a loss and in such case, the insurance company will have to pay the costs at the present price to replace the damaged product.
Since the comparable microwave costs $366 today, therefore the insurance company will pay $366.
You expect to receive $5,400 two years from now, $6,300 three years from now, and $10,900 six years from now. What is the future value of these cash flows seven years from now if the interest rate is 7.4 percent, compounded annually
Answer:
Total FV= $27,805.2
Explanation:
Giving the following information:
You expect to receive $5,400 two years from now, $6,300 three years from now, and $10,900 six years from now.
Interest rate= 7.4%
To calculate the Future Value, we need to use the following formula:
FV= Cf*(1 + i)^n
Cf1= 5,400*(1.074^5)= 7,716.41
Cf2= 6,300*(1.074^4)= 8,382.19
Cf3= 10,900*1.074= 11,706.6
Total FV= $27,805.2
You own a stock portfolio invested 30 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 20 percent in Stock T. The betas for these four stocks are .80, 1.18, 1.19, and 1.36, respectively. What is the portfolio beta
Answer:
The Portfolio beta is 1.1045
Explanation:
The computation of the portfolio beta is given below:
Stock Beta Investment (Weight) Weighted Beta
Stock Q 0.8 0.3 0.2400
Stock R 1.18 0.25 0.2950
Stock S 1.19 0.25 0.2975
Stock T 1.36 0.2 0.2720
Portfolio beta 1.1045
Supply-side economists believe that a reduction in the tax rate a. always decrease government tax revenue. b. would decrease consumption. c. provides no incentive for people to work more. d. shifts the aggregate supply curve to the right.
Answer: D. shifts the aggregate supply curve to the right.
Explanation:
Supply side economics refers to the macroeconomic theory which states that the economic growth in an economy can be improved by the reduction in taxes and decrease in regulations.
Such Economists believe that this is vital as the consumers will benefit as there'll be an increase in the supply of goods from the manufacturers. Also, there'll be reduction in prices due to less taxes being paid. Also, there'll be an increase in employment.
