Answer: c = 44x + 320
Explanation:
Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:
= Total cost - Fixed cost
= $1200 - $320
= $880
Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44
Then the total cost equation will then be:
c = 44x + 320
where,
C = Total cost incurred in a day
x = Number of pair of shoes made in a day.
Therefore, the correct option is A.
The equation that related the output to cost is option c. 60x + 320.
Calculation of an equation:
Since we know that the variable cost is
= Total cost - Fixed cost
= $1200 - $320
= $880
Now the cost per shoe should be
= $880/20
= $44
So here the total cost c equation should be
c = 44x + 320
Here
x be Number of pair of shoes.
Learn more about cost here: https://brainly.com/question/24230268
Preparation of a statement of cash flows involves five steps:
(1) Compute the net increase or decrease in cash;
(2) compute net cash provided or used by operating activities (using either the direct or indirect method);
(3) compute net cash provided or used by investing activities;
(4) compute net cash provided or used by financing activities; and
(5) report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows. Noncash investing and financing activities are also disclosed.
Answer:
Preparation of a statement of cash flows involves five steps
1. Compute net cash provided or used by operating activities.
This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.
2. Compute net cash provided or used by investing activities.
This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.
3. Compute net cash provided or used by financing activities.
This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.
4. Compute the net increase or decrease in cash
This is the section where the cash-flow from operating, investing and financing activities is been balanced.
5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.
After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance
A government bond issued in France has a coupon rate of 5% (paid annually) and a face value of 100 euros, and it matures in 5 years. Calculate the price of the bond (in euros) if the yield to maturity is 3.5%.
Answer:
Bond Price= 106.77
Explanation:
Giving the following information:
Face value= 100
Coupon= 100*0.05= 5
Yield To Maturity= 0.035
Years to maturity= 5 years
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 5*{[1 - (1.035^-5)] / 0.035} + [100/(1.035^5)]
Bond Price= 22.57 + 84.2
Bond Price= 106.77
The Cullumber Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $65 a night. Operating costs are as follows:
Salaries $7,500 per month
Utilities $1,000 per month
Depreciation $1,100 per month
Maintenance $2,940 per month
Maid service $24 per room
Other costs $46 per room
Required:
Determine the innâs break-even point in number of rented rooms per month.
Answer:
Results are below.
Explanation:
First, we need to calculate the total fixed cost and the total unitary variable cost:
Total fixed cost= salaries + utilities + depreciation + maintenance
Total fixed cost= 7,500 + 1,000 + 1,100 + 2,940
Total fixed cost= $12,540
Total unitary variable cost= 24 + 46
Total unitary variable cost= $70
As the unitary contribution margin is negative (65 - 70), the company will never break even. I will assume that the selling price is incorrect, and the room costs $85:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 12,450 / (85 - 70)
Break-even point in units= 830
Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded.
a. True
b. False
Answer:
True
Explanation:
Critical-Chain
This was introduced or originated by Eli Goldratt in 1997. Its aim is to challenges conventional project management approaches and absolute dependence on TOC principles. The idea of what to change or eliminated is the largely rooted behaviors that is common with the traditional project management practices. It is very multitasking anf it is the longest string of reliance that occur on the project.
Critical- Chain Approach
This approach simply covers project network as it ca be limited by both resource and technical reliance/dependencies. each type of limitations can create task reliance.
The Summary of Critical Chain Approach
1.) use Aggressive but Possible Times (ABPT) for task durations
2.) identify the critical chain by accounting for resource dependencies
3.) use buffer management to track project progress etc.
Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year
Answer:
$5
Explanation:
Calculation to determine the dollar amount of dividends that he received for owning the stock during the year
First step is to calculate the total profit earned
Total profit=$27*37%
Total profit=$10
Second step is calculate the Value of stock with profits earned
Value of stock=$27+$10
Value of stock=$37
Now let calculate the the dollar amount of dividends
Dividend=$37-$32
Dividend=$5
Therefore the dollar amount of dividends that he received for owning the stock during the year is $5
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 185 Units in beginning inventory 100 Units produced 1,970 Units sold 1,380 Units in ending inventory 690 Variable costs per unit: Direct materials $ 75 Direct labor $ 32 Variable manufacturing overhead $ 12 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 19,700 Fixed selling and administrative expense $ 30,360 What is the total period cost for the month under variable costing?
Answer:
Total period cost for the month $65,240
Explanation:
Product cost under variable costing = Direct materials + Direct labor + Variable overheads
Period cost under variable costing = Fixed manufacturing overheads + All non manufacturing overheads (Variable and fixed)
Calculation of the total period cost using variable costing
Variable selling and administrative expense ($11 × 1,380 units)
$15,180
Fixed manufacturing overhead
$19,700
Fixed selling and administrative expense
$30,360
Total period cost for the month
$65,240
Martha had an important meeting after lunch and wanted to avoid the hassle of waiting in line to get a meal at the cafeteria. Hence, she bought a sandwich from a vending machine that was costlier than the meal at the cafeteria. Which of the following influenced Martha's purchase decision?
A. Psychological costs.
B. Quality costs.
C. Behavioral costs.
D. Time costs.
Answer:
D
Explanation:
What does a MRTS = mean? It means that if the input on the horizontal axis is increased by one unit, then the input on the vertical axis ▼ increases decreases by units and output will ▼ increase decrease not change .
Answer:
MRTS means that if the input on the horizontal axis is increased by one unit, then the input on the vertical axis decreases by units and output will not change.
Explanation:
The marginal rate of technical substitution (MRTS) can be described as the amount by which one input's quantity must be decreased when an additional unit of another input is used to keep output constant. MRST is also known as technical rate of substitution.
Therefore, MRTS means that if the input on the horizontal axis is increased by one unit, then the input on the vertical axis decreases by units and output will not change.
Consider two college roommates, one who smokes and one who does not. The smoker wishes to smoke in the room, and the nonsmoker dislikes smoking in the room. Suppose the smoker would be willing to pay $500 to be allowed to smoke in the room during the semester, and the nonsmoker would be willing to pay $600 to keep the room smoke-free. What should happen in the socially optimal outcome
Answer:
The socially optimal outcome is that there will be no smoking in the room.
Explanation:
The above answer is based on the willingness of the nonsmoker to ensure that no smoking happens in the room. For instance, the nonsmoker can pay off the smoker, paying $600 to dissuade him from smoking in the room. On the contrary, the smoker is only willing to cough out $500, which is less than $600, in order to smoke in the room. Under social optimality, the nonsmoker wins this game.
LUVFINANCE, Inc. is estimating its WACC. The firm could sell, at par, $100 preferred stock that pays a 10 percent annual dividend and incurs 6.19% flotation costs. What is the cost of new preferred stock financing
Answer:
$10.66
Explanation:
Calculation to determine the cost of new preferred stock financing
Cost of new preferred stock financing=(100*10%)/(100*(1-0.0619))
Cost of new preferred stock financing=10/(100*(1-0.0619))
Cost of new preferred stock financing=10/(100*0.9381)
Cost of new preferred stock financing=10/93.81
Cost of new preferred stock financing=$10.66
Therefore the cost of new preferred stock financing is $10.66
Prepare journal entries for each transaction and identify the financial statement impact of each entry.
The financial statements are automatically generated based on the journal entries recorded.
Assume Adams Services began the year with the following balances: Cash, $41,000;
Accounts receivable, $11,200; and Common stock, $52,200.
Jan. 1 Leslie Adams invested $21,200 cash in the company in exchange for common stock.
Jan. 2 The company provided services to a client and immediately received $4,500 cash.
Jan. 3 The company received $11,200 cash from a client in payment for services to be provided next year.
Jan. 4 The company received $5,900 cash from a client in partial payment of accounts receivable.
Jan. 5 The company borrowed $11,000 cash from the bank by signing a note payable.
Answer:
Cash (Dr.) $21,200
Common Stock (Cr.) $21,200
Cash (Dr.) $4,500
Services to client (Cr.) $4,500
Cash (Dr.) $11,200
Unearned Revenue (Cr.) $11,200
Cash (Dr.) $5,900
Accounts Receivable (Cr.) $5,900
Cash (Dr.) $11,000
Notes Payable (Cr.) $11,000
Explanation:
Adams services may record these transactions as journal entries. The transactions may have some changes after they are recorded then adjusting entries will be prepared to reflect the correct effect of transaction on business activities.
The manager of a crew that installs carpeting has tracked the crew’s output over the past several
weeks, obtaining these figures:
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
Compute the labor productivity for each of the weeks. On the basis of your calculations, what can
you conclude about crew size and productivity?
Aaron and Michele, equal shareholders in Cavalier Corporation, receive $25,000 each in distributions on December 31 of the current year. During the current year, Cavalier sold an appreciated asset for $60,000 (basis of $15,000). Payment for the sale of the asset will be made as follows: 50% next year and 50% in the following year with interest payable at a rate of 6 percent. Before considering the effect of the asset sale, Cavalier's current-year E & P is $40,000 and it has no accumulated E & P.
Required:
How much of Aaron’s distribution will be taxed as a dividend?
Answer:
Cavalier Corporation
Aaron’s distribution that will be taxed as a dividend is:
= $25,000
Explanation:
a) Data and Calculations:
Amount received in distributions by Aaron and Michele each = $25,000
Proceeds from the sale of an appreciated asset = $60,000
Proceeds to be received 50% in the next year = $30,000
Proceeds to be received 50% in the second year = $30,000
Basis of asset = $15,000
Capital gains = $45,000 ($60,000 - $15,000)
Cavalier's current-year E & P = $40,000
Accumulated E & P = $0
A 22-year old college student has been promised a $1 million check at this 50thbirthday (28years from today). What is the present value of the $1 million today assuming an interest rate of 5%
Answer:
$255,093.64
Explanation:
Calculation to determine the present value of $1 million today
Using Financial calculator
PV = PV (rate, nper, pmt, fv, type)
Where,
FV = $1,000,000
Annual Interest rate = 5%
Number of periods = 28
Let plug in the formula
PV = PV (5%, 28, 0, -1000000, 0)
PV= $255093.64
Therefore the Present value of $1 million today is $255,093.64
If a company sells its smart phones for $400 and the phones have a COGS of $250, how many additional phones would the company have to sell if it decided to spend an extra $150,000 on advertising to promote the phones
Answer:
Units to be sold= 1,000
Explanation:
Giving the following information:
Selling price= $400
COGS= $250
Increase in costs= $150,000
To calculate the number of units to be sold to cover the incremental costs, we need to use the following formula:
Units to be sold= increase in costs/ contribution margin per unit
Units to be sold= 150,000 / (400 - 250)
Units to be sold= 1,000
uppose you invest, every month, in an annuity that pays 3% interest, compounded monthly. After 25 years, you have $550,000. How much money do you earn from interest
Answer: $180,046
Explanation:
First find the annuity that was invested monthly that yielded $550,000.
Interest rate = 3%/12 months = 0.25%
Period = 25 * 12 = 300 months
Future value of annuity = Annuity * ( ( 1 + rate) ^ no. of periods - 1) / rate
550,000 = Annuity * ( ( 1 + 0.25%)³⁰⁰ - 1 ) / 0.25%
550,000 = Annuity * 446
Annuity = 550,000 / 446
Annuity = $1,233.18
Without compounding, investing $1,233.18 per month would have yielded:
= 1,233.18 * 300 months
= $369,954
Money earned from interest is:
= 550,000 - 369,954
= $180,046
Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $57,000, and the sales mix is 70% bats and 30% gloves. The unit selling price and the unit variable cost for each product are as follows:
Products Unit Selling Price Unit Variable Cost
Bats $50 $50
Gloves 100 80
a. Compute the break-even sales (units) for both products combined.
b. How many units of each product, baseball bats and baseball gloves, would be sold at break even point?
Answer and Explanation:
The computation is shown below:
Contribution Margin for Bat
= $50 - $50
= $0
Contribution Margin for Gloves = $100 - $80
= $20
Now
Overall Contribution Margin = (0 ×70%) + ($20 × 30%)
= $0 + $6
= $6
Now
A. Break even sales = Fixed cost ÷ contribution margin
= $57,000 ÷ $6
= 9,500
B.Baseball bats = 9,500 × 70% =6,650
Baseball Gloves = 9,500 × 30% = 2,850
A firm just paid its annual dividend of $1.80 and expects to increase that dividend each year. The discount rate is 11 percent. Which one of these correctly identifies an error when computing the current value of this firm's stock?
a. Po = $1.80/(0.11 -0.03): The growth rate exceeds its limitation.
b. Po = ($1.80 x 1.12(0.11 -0.03); The growth rate in the denominator should be 12 percent to match the growth rate in the numerator.
c. Po = ($1.80 x (1 +.09)[0.11 -.09); The growth rate exceeds it limitation for using this formula
d. Po = $1.80/(0.11 -0.025); The value of Dt, is incorrect as $1.80 equals Do.
Answer:
d. Po = $1.80/(0.11 -0.025); The value of D1, is incorrect as $1.80 equals Do.
Explanation:
Calculation to correctly identifies which one of these is an error when computing the current value of this firm's stock
P0 = $1.80/(0.11 - 0.025)
P0 = $1.80/0.085
P0=$9.76
Therefore Based on the information given Po = $1.80/(0.11 -0.025); because The value of D1, is INCORRECT as $1.80 equals Do.
For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is a. quality. b. advertising.
Answer:
There will be more options than 2 of them. Probably it was a brainly error.
For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is price.
List at least four factors a project manager should consider when identifying individuals to work on a project. Why is each important
Answer:
The four elements to consider when identifying individuals to be part of a project team:
ability to communicate effectivelySelf Assuredness, experience, and ability, Organizational agilityEmotional IntelligenceExplanation:
1. Communication is essential because in a project if there is a miscommunication between one person, group, or team and another, that could prove fatal to the goal of the project.
Communication is verbal and non-verbal and (in a project and as with most organizations) must happen across both sides of the spectrum horizontally and vertically.
For example, when expectations are not clarified or there are assumptions about what one person or team said or expects, this could lead to project disruption. When too much is also divulged, a project can go belly-up.
2. Experience and ability are key but they are not enough. Each team member must be confident in what they believe is right. Sometimes, senior members of a team may want a course of action (that is detrimental) to be executed. A junior team member who is not self-assured may think, "it's coming from above, what can one do?" this type of thinking can be very costly.
A self-assured team player would stand for what is right and in the best interest of the team and the project even at the risk of being fired.
3. Organisational Agility
It is impossible to keep a messy itenary and achieve project success.
The ability to know exactly what needs to be done in succession is an invaluable trait of project team members. This prevents waste of time and resources.
4. Emotional Intelligence
Successful team players are also successful leaders. The most cohesive teams are teams that comprise of highly emotionally intelligent people. One of the benefits of emotional intelligence is that it helps the individual to know how to regulate their own behaviors as well as respond to those of others. It is also critical to motivating others to get the job done.
Cheers
Mannix Corporation stock currently sells for $80 per share. The market requires a return of 10 percent on the firm's stock. If the company maintains a constant 6 percent growth rate in dividends, what was the most recent dividend per share paid on the stock
Answer: $3.02
Explanation:
The Gordon growth method can help solve this:
Formula is:
Price of stock = (Most recent dividend * (1 + growth rate)) / (required return - growth rate)
80 = ( D * ( 1 + 6%)) / (10% - 6%)
80 = 1.06D / 4%
1.06D = 80 * 4%
D = 3.2 / 1.06
D = $3.02
Research on a Philippine company that filed for bankruptcy, what type of bankruptcy they filed, and its effect on the company?
Answer:
There are various reasons when a company files bankruptcy. When a company debtors raise above its assets, the company may claim bankruptcy. The business of a company will then seize when it files bankruptcy.
Explanation:
When a company files bankruptcy, its operations are closed and then analysts visit to identify worth of company's existing assets and analyze whether these assets are enough to pay off liabilities. Debtors are paid first and then with any left over amount investors are paid back.
Two alternate plans are available for increasing the capacity of existing water transmission lines between an unlimited source and a reservoir. The unlimited source is at a higher elevation then the reservoir. Plan A calls for the construction of a parallel pipeline and flow by gravity. Plan B specifies construction of a booster pumping station. Estimated cost for the two plans are as follows: Hint: Use Present Worth- (do not guess show all your work) i=10%
Plan A : Cost $700,000, Life 40 Years, Annual Operation and Repair $1,000/Year
Plan B: Cost $200,000, Life 40 Years Structure and 20 years equipment, Equipment replacement at the end of 20 years $75,000, Annual Operation and Repairs 52,000/year
a. Plan A $709,779.00
b. Plan A $740,000
c. Plan B $710,165.50
d. Plan B $326,000
Answer:
plan a
Explanation:
present worth of plan A= 700000+1000(p/a,10%,40)
= 700000+1000*9.779
= 700000+9779
= 709779 dollars
present worth of plan b = 200000+75000(p/f,10%,20)+52000/year(p/a,10%,40)
= 200000+75000*0.1486+52000*9.779
= 719653 dollars.
we compare the pw of both a and b, from the solutions above, the present worth of plan a is smaller than that of plan b, so the best option is plan a, $709,779.00
Since its establishment on January 1, 1999, the euro has more than tripled in appreciation against the U.S. dollar, reaffirming the ability of the European Central Bank to manage monetary policy within the euro zone.
A. True
B. False
Answer:
B. False
Explanation:
The exchange rate between the euro and the dollar was 1.1719 dollars per 1 euro. Currently, the exchange rate is 1.18 dollars per euro. The euro has appreciated slightly against the US dollar, but it is a small percentage. It is not even close to multiplying its value by 3.
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $22,500 and the ending balance was $41,000. Raw materials purchases during the month totaled $68,000. Manufacturing overhead cost incurred during the month was $113,500, of which $2,500 consisted of raw materials classified as indirect materials. The direct materials cost for May was:
Answer:
the direct material cost is $47,000
Explanation:
The computation of the direct material cost is shown below:
= Opening balance + purchase made - indirect material - closing balance
= $22,500 + $68,000 - $2,500 - $41,000
= $47,000
hence, the direct material cost is $47,000
The same should be considered and relevant too
The current price of an annual coupon bond is 100. The derivative of the price of the bond with respect to the yield to maturity is -700.The yield to maturity is an annual effective rate of 8%. Calculate the duration of the bond.
Answer:
The duration of the bond = 7.56 years
Explanation:
Given the current price = 100
DM = -1 x Current derivative price / Current price
DM = (-1 x -$700 / $100)
DM = 7
Now, D = DM (1 + r)
D = 7 (1 + 0.08)
D = 7.56
The duration of the bond = 7.56 years
Shawn Incorporated planned to produce 3,000 units of its single product, Megatron, during November. The standard specifications for one unit of Megatron include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Megatron. The accountant computed a favorable materials price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that:_________
Answer: The actual cost of materials was less than the standard cost
Explanation:
Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance
= 380 + (-120 unfavorable)
= 380 - 120
= $260 favorable
As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost.
A natural monopoly arises whenA. a single firm aggressively forces other competitors to exit and industry.B. a single firm has a monopoly over natural resources.C. two firms merge into a single firm in order to capture more of the market.D. a single firm can produce more cheaply than multiple firms due to a downward-sloping average total cost curve.
Answer:
D
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Characteristics of natural monopolies
they have a large fixed cost The firms have a low marginal costThey occur naturally through the free market. It does not occur by government regulation or any other forceCost accumulation is the determination of the dollar amounts of direct materials, direct labor and overhead costs, and cost measurement is the recognition and recording of costs. True False
Answer:
true......................
Lopez Company has Retained Earnings of $48,000 at the end of March, 2020. During the month of April, Lopez has revenues of $72,000 and total operating expenses of $52,000. Lopez also pays its shareholders dividends of $10,000 on April 30. What is Lopez Ending RE = Beg. RE+NI - Div = Beg. RE + (Rev - Exp) - Div = 10,000 + (70,00 0-85,000) - 5,000 = (10,000) Company's ending balance of Retained Earnings on April 30?
Answer: $58,000
Explanation:
Ending retained earnings = Beginning retained earnings + Net income - Dividends
Net income = Revenues - Operating expenses
= 72,000 - 52,000
= $20,000
Ending retained earnings = 48,000 + 20,000 - 10,000
= $58,000
