Answer:
B. False
Explanation:
The period cost is that cost that indirectly related to the process of the production. The sales, general and admin cost should be considerd as the period cost
So as per the given situation, the factory overhead that charged for an expense as incurred so this does not represent the period cost
Therefore the given statement is false
Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the company's profits are driven by the amount of work Tom does. If he works 40 hours each week, the company's EBIT will be $590,000 per year; if he works a 50-hour week, the company's EBIT will be $705,000 per year. The company is currently worth $3.6 million. The company needs a cash infusion of $1.7 million, and it can issue equity or issue debt with an interest rate of 10 percent. Assume there are no corporate taxes.
Required:
a. What are the cash flows to Tom under each scenario?
b. Under which form of financing is Tom likely to work harder?
Solution :
a). The company requires a cash infusion of amount $ 1.70 million. If the company issues any debt, annual interest payments is :
Interest = $ 1,700,000
Interest = $ 170,000
The cash flow to the owner is EBIT - (the interest payment) :
40 hour week cash flow = $ 590,000 - $ 170,000
= $ 420,000
50 hour cash flow = $ 705,000 x 67.92%
= $478,836
b). Tom will be working harder under the debt issue as the cash flow will be higher. He will also gain more under this case of financing since the payments to the bond holders are fixed. Under this equity issue, the new investors share the proportionality in his hand work, which will reduce the propensity for his additional work.
A company pays its employees $2,900 each Friday, which amounts to $580 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:
Answer:
$2,320
Explanation:
Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:
Ending salaries earned but unpaid=$2,900-$580
Ending salaries earned but unpaid=$2,320
($2,900-580)
Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320
Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning an after-tax salary of $21,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $32,000. You decide to go to college, probably because:______.
A. You value a year of college at $22,000.B. You value a year id college of $34,000.C. You value a year of college less than $34,000.D. You value a year of college at more than $56,000.
Answer:
Option D (You value..........$56,000) is the right response.
Explanation:
The overall expenditure of taking part throughout the school for the very first year would be the amount of such loss of university income as well as extra cash.Whenever you anticipate receiving stronger employment wages from university education, therefore during the 1st year that you estimate upwards of expenditure of $53,000 for higher learning.Other options aren't linked to the specific circumstance. Thus, the response seems to be the right one.
2. Write the importance of professional education
Answer:
The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive.Getting a professional education is important for shaping your career to move towards a right direction.Professional education educates the new generation of professionals, expanding the frontiers of knowledge and reaching out in service to society. Professional education is increasingly being called upon to play a significant role in the administration of new programs within continuing and new structures.
Explanation:
it is in paragraph but correct and brilliant
hope it help you...!
Professional education is basically an education that focuses on getting a profession or earning money from that specific skill or talent. It is necessary because financial security is necessary, doesn't matter what we do. We can spend years following our hobies or researching the subject of our interest, but professional education ensures that we are financially secure.
The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects. The company is constrained from embarking on all projects by the number of available management scientists (40) and the budget available for R&D projects (S300,000). Further, if project 2 is selected, project 5 must also be selected (but not vice versa). Following are the resources requirement and the estimated profit for each project.
Project Expense Management Estimated Profit
($1,000s) Scientists required (1,000,000s)
1 50 6 0.30
2 105 8 0.85
3 56 9 0.20
4 45 3 0.15
5 90 7 0.50
6 80 5 0.45
7 78 8 0.55
8 60 5 0.40
Formulate the integer programming model for this problem and solve it using the computer.
Answer:
Answer
Explanation:
The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects. The company is constrained from embarking on all projects by the number of available management scientists (40) and the budget available for R&D projects (S300,000). Further, if project 2 is selected, project 5 must also be selected (but not vice versa). Following are the resources requirement and the estimated profit for each project.
Project Expense Management Estimated Profit
($1,000s) Scientists required (1,000,000s)
1 50 6 0.30
2 105 8 0.85
3 56 9 0.20
4 45 3 0.15
5 90 7 0.50
6 80 5 0.45
7 78 8 0.55
8 60 5 0.40
Formulate the integer programming model for this problem and solve it using the computer.
Kinds of managers An example of a position that a team leader would hold is: vice president. department manager. group facilitator. divisional manager Using your knowledge of the different levels of management in organizations·indicate whether each statements most middle-level, top-level managers, or team leaders. el, to aaay to ist ere Statement Project managers and others who bring people together from various parts of the organization to perform a task are in this layer of management. Having titles like chief executive officer (CEO), president, chairperson, and director general, these managers report directly to the board of directors. These managers are responsible for guiding and coaching the employees who actually do the work of the organization Level Middle managers Top managers First-line managers
Answer:
a. A Team leader would be a group facilitator.
Team leaders are meant to coordinate the activities of small groups in a company to achieve certain short term targets. They are therefore most suited to be group facilitators.
b.
Project managers and others who bring people together from various parts of the organization to perform a task are in this layer of management. ⇒ MIDDLE MANAGERS
Middle level managers are in charge of departments and divisions and have the goal of achieving the mandate set by the Top management. They do so by bringing together various parts of the organization under a division and work to achieve the set goals.
Having titles like chief executive officer (CEO), president, chairperson, and director general, these managers report directly to the board of directors. ⇒ TOP LEVEL MANAGERS
Top level managers sit on top of the hierarchy of the entire organization and report directly to the Board of Directors. They include positions like the CEO, President, CFO, Director-General, etc. They set the overall strategic goals of the company.
These managers are responsible for guiding and coaching the employees who actually do the work of the organization ⇒ FIRST-LINE MANAGERS.
First-line managers are the closest to the employees and so supervise them to carry out the goals passed onto them by first level managers. They include positions like office managers and plant supervisors.
Decruitment is the planned elimination of ________ in an organization. A) jobs
B) managerial hierarchy C) cross-functional teams D) departments
Answer:
C) cross-functional teams
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, downsizing, decruiting, managing and improving the welfare and working conditions of the employees working in an organization.
A cross-functional team can be defined as a group that comprises of employees from different functional areas within an organization.
Decruitment is the planned elimination of cross-functional teams in an organization.
This ultimately implies that, decruitment is a method adopted by human resource managers to reduce the number of various employees (workforce) working in an organization.
Similarly, downsizing refers to the planned elimination of jobs (job positions) existing in an organization.
Kiley Corporation had these transactions during 2022. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.
a. Purchased a machine for $30,000, giving a long-term note in exchange.
b. Issued $50,000 par value common stock for cash.
c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
d. Declared and paid a cash dividend of $13,000.
Answer:
A. Noncash investing and financing activities
B. Financing activities
C. Noncash investing and financing activities
D. Financing activities
Explanation:
To Analyze the transactions and indicate whether each transaction is AN OPERATING ACTIVITY, INVESTING ACTIVITY, FINANCING ACTIVITY, OR NONCASH INVESTING AND FINANCING ACTIVITY
A. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES
B. Based on the information given the transaction is a FINANCING ACTIVITIES
C. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES
D.Based on the information given the transaction is a FINANCING ACTIVITIES
a. Purchased a machine for $30,000, giving a long-term note in exchange, this transaction is an investing activity because it involves the acquisition of a long-term asset (machine) in exchange for a long-term note.
b. Issued $50,000 par value common stock for cash, this transaction is a financing activity because it involves the issuance of common stock in exchange for cash.
c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000,this transaction is a non-cash investing and financing activity because it involves the conversion of bonds into common stock.
d. Declared and paid a cash dividend of $13,000, This transaction is a financing activity because it involves the distribution of cash to shareholders as a dividend.
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what's pricing strategy
Answer:
A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others. It is targeted at the defined customers and against competitors.
Explanation:
A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy
Explanation:
hope it help
plss brainlys me…thanks for the points
On the first day of its fiscal year, Chin Company issued $26,200,000 of five-year, 6% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 7%, resulting in Chin receiving cash of $25,110,559.
a. Journalize the entries to record the following:
1. Issuance of the bonds.
2. First semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. Round your answer to the nearest dollar.
3. Second semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. Round your answer to the nearest dollar.
b. Determine the amount of the bond interest expense for the first year.
c. Explain why the company was able to issue the bonds for only $9,594,415 rather than for the face amount of $10,000,000.
Solution :
a. 1). Preparing the journal entry to record the issuance of bonds.
Date Account title Debit ($) Credit ($)
Jan 1 Cash 25,110,559
Discount on bonds payable 1,089,441
Bonds payable 26,200,000
a. 2). Preparing the journal entry to record the first semi annual interest payment.
Date Account title Debit ($) Credit ($)
Jun 30 Interest expense 390559
Discount on the bonds payable 108,945
Cash ($26,200,000 x 3%) 786,000
a.3). Preparing the journal entry to record the second semi-annually interest payment.
Date Account title Debit ($) Credit ($)
Dec 31 Interest expense 390,559
Discount on bonds payable 108,945
Cash 786,000
b). Determining the amount of bond interest expense for the 1st year.
Particulars Amount ($)
Interest expense ( 786,000 + 786,000 ) 1,572,000
Add : Discount amortized (108,945 + 108,945) 217,890
Interest expense (for the 1st year) 1,789,890
c). The company issued the bonds having face value of $26,200,000 for $25,110,559. That is the bonds are issued at a discount for $1,089,441. The bonds are issued at a discount as the market interest of the bonds are higher than the bonds coupon rate.
Based on the connecting letter report, salaries of which college majors are significantly different?
A. Social science and special education.
B. Science and music.
C. Language and music.
D. Social science and music.
Barry Mary
126 114
110 118
138 114
142 111
146 129
136 119
94 97
103 104
140 127
152 133
108 103
97 108
Answer:
C. Language and Music.
Explanation:
The letter report has listed salaries of various employees in different departments. The college majors have different salaries who teach different subjects. The salary for social science staff is higher than the language teaching staff. The most significantly different salaries are for language and music college majors.
The salaries that are significantly different from the given report are C. Language and music.
Salaries of the various subjects. Language college major appear to pay the least amount of salary. Music college major is one of the highest paying.For this reason, the difference between the salaries of music majors and language majors is the most significant.
In conclusion, option C is correct.
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The San Pedro Company forecasts that total overhead for the current year will be $10,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate
Answer:
the overhead rate is $50 per machine hour
Explanation:
The computation of the overhead rate is shown below:
Predetermined overhead rate
= Estimated total Overhead ÷ Estimated total machine hour
= $10,000,000 ÷ 200,000 hours
= $50 per machine hour
hence, the overhead rate is $50 per machine hour
The same should be considered and relevant
Which statement is true?
A bank interest lower than inflation means more purchasing power.
Nominal rates are an accurate figure of purchasing power.
Real interest measures the power of the saved money
Real interest is the rate quoted in loan and deposit agreements.
Answer:
Nominal rates are an accurate figure of purchasing power.
The statement nominal rates are an accurate figure of purchasing power can be marked as true. Thus, the correct option is B). Nominal rates are an accurate figure of purchasing power.
What is nominal interest rate?Nominal interest rate refers to the interest rate before taking inflation into account. It is also refer to the interest rate on a loan that is charged without taking into account any fees or compounding of interest.
The nominal rate of interest is often used in banks to describe the interest on different loans and in the investment field as well. The higher the nominal rate, the more interest will be earned on savings.
Basically, the nominal interest rate is approximately equal to the real interest rate plus the inflation rate that can be depicts as (i = R + h).
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The Keller's discovered that they could reduce their mortgage interest rate from 10% to 4%. The value of homes in their neighborhood has been increasing at the rate of 5% annually. If the Keller's were to refinance their house with $3,000 in closing costs added to their current mortgage balance ($277,000) over a period of time which coincides with their chosen retirement age in 20 years, what would be their new monthly payment including principal and interest
Answer:
The Keller's
Their new monthly payment including principal and interest is:
= $1,817.94
Explanation:
a) Data and Calculations:
Current mortgage balance = $277,000
Closing costs for refinancing 3,000
Total mortgage balance = $300,000
Mortgage interest rate changed from 10% to 4% upon refinancing
Loan Amount 300000
Loan Term 20 years 0 months
Interest Rate 4
Compound Monthly (APR)
Pay Back Every Month
Results:
Payment Every Month $1,817.94
Total of 240 Payments $436,305.84
Total Interest $136,305.84
Archer Inc. issued $4,000,000 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversation feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds.
Answer: Dr Cash $3,960,000
Dr Discount on bonds payable $40,000
Cr Bonds payable $4,000,000
Explanation:
The journal entry to record the issuance of the bonds will be prepared as follows:
Dr Cash = 4,000,000 × 99% = $3,960,000
Dr Discount on bonds payable = $40,000
Cr Bonds payable = $4,000,000
(To record bond issued on discount)
Suppose that the total value of dividends to be paid by companies in the Narnian stock market index is $100 billion. Investors expect dividends to grow over the long term by 5% annually, and they require a 10% return. Now a collapse in the economy leads investors to revise their growth estimate down to 4%. By how much should market values change
Answer:
The correct answer is "16.67%".
Explanation:
Given:
Dividend,
= $100 billion
Rate of return,
= 10%
= 0.10
Growth rate,
= 5%
= 0.05
Now,
Market value will be:
= [tex]\frac{Dividend}{Rate \ of\ return-Growth \ rate}[/tex]
= [tex]\frac{100}{0.10-0.05}[/tex]
= [tex]\frac{100}{0.05}[/tex]
= [tex]2000 \ Billion[/tex] ($)
After collapse,
The market value will be:
= [tex]\frac{100}{(.10-.04)}[/tex]
= [tex]\frac{100}{.06}[/tex]
= [tex]1666.67[/tex] ($)
Change in market value will be:
= [tex]2000-1666.67[/tex]
= [tex]333.33 \ Billion[/tex] ($)
hence,
The percentage change in market value will be:
= [tex]\frac{333.33}{2000}[/tex]
= [tex]16.67[/tex]%
Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $16.25. During July, the Santa Clara location produced 5,200 pairs of sunglasses and used 9,800 ounces of materials. The cost of the materials during July was $17.00 per ounce, and there were no beginning or ending inventories. Required a. Determine the flexible budget materials cost for the completion of the 5,200 pairs of glasses.
Answer:
Direct material flexible budget= $159,250
Explanation:
Giving the following information:
The standard cost per ounce of material is $16.25.
Actual quantity= 9,800 ounces
The flexible budget employs the standard cost for the actual quantity:
Direct material flexible budget= 16.25*9,800
Direct material flexible budget= $159,250
A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?
I need help ASAP pleaseeee !!!
Explanation:
Explanation: The formula is ATC = AFC + AVC. Use this formula.
Suppose that Allison has an accounting degree, but she lost her job two months ago when her company merged with another firm. Allison hasn't been able to find another accounting job, so she has taken a part-time job as a sales clerk at a clothing store. The Bureau of Labor Statistics classifies Allison as: unemployed. underemployed. a marginally attached worker. a discouraged worker.
Answer:
underemployed
Explanation:
From the question we are informed about Suppose that Allison has an accounting degree, but she lost her job two months ago when her company merged with another firm. Allison hasn't been able to find another accounting job, so she has taken a part-time job as a sales clerk at a clothing store. The Bureau of Labor Statistics classifies Allison as underemployed. Underemployment as regards Bureau of Labor Statistics can be regarded as one that measure employment and labor utilization in a particular economy which looks the way and how well the labor force is being utilized as regards
experience, skills,l as well as availability to work. People that falls under the classification of underemployed can include high skilled workers that are working in low paying or managing low skill jobs as well as part-time workers even though they who would prefer to work full-time. Unlike unemployment whereby the person is working though not at their full capability.
Darkover Inc., as part of its strategic planning process, is considering making some policy changes. What effect (i.e. Increase, Decrease, No Effect) would each the following changes have on Darkover's Net Cash Flow from Operating Activities? Assume that in each case, the change only affects the account or accounts mentioned (i.e. all other accounts are not changed by the action).
Question Completion:
_____(a) Increase investment in new plant and equipment.
_____(b)Change the collections policy to insure that receivables are collected sooner.
_____(c)Change inventory policy to increase the amount of raw materials kept on hand (work in process and finished goods inventory will remain unchanged).
_____(d)Sell long term bonds and use the proceeds to reduce notes payable
._____(e) Begin paying all employees every week instead of every two week, effectively decreasing accruals.
_____(f)Change accounts payable policy to pay bills in 20 days instead of 10 days.
Answer:
Darkover Inc.
Effects of Changes on Darkover's Net Cash Flow from Operating Activities:
_No Effect____(a) Increase investment in new plant and equipment.
Increase_____(b) Change the collections policy to insure that receivables are collected sooner.
Decrease_____(c) Change inventory policy to increase the amount of raw materials kept on hand (work in process and finished goods inventory will remain unchanged).
Decrease_____(d) Sell long term bonds and use the proceeds to reduce notes payable
Decrease_____(e) Begin paying all employees every week instead of every two week, effectively decreasing accruals.
Increase_____(f) Change accounts payable policy to pay bills in 20 days instead of 10 days.
Explanation:
Darkover's net cash flow from operating activities is the result of accumulating the cash inflows and outflows from its operating activities. Operating activities are the normal activities that Darkover carries out from which it earns its revenues and incurs related expenses. They are the day-to-day activities through which the mission of the entity is carried out.
Assume that Jones Company made a payment on a mortgage. It included $100 of principal and $150 of interest. What would the journal entry be to record the payment?
Answer:
the journal entry be to record the payment
Debit : Interest expense $150
Debit : Mortgage Payable $100
Credit : Cash $250
Explanation:
When a payment for mortgage is made, we recognize the interest expense that accrues and also derecognize the part of capital repayment made for the mortgage. That means Mortgage Payable decreases, Interest expense increases and Cash account decreases with the to total of interest and principle.
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share. Secondly, the company announced that all future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 10% rate of return?
A. $21.60
B. $22.46
C. $27.44
D. $34.62
E. $36.00
Mid-Town Copy Service processes 2,100,000 photocopies per month at its mid-town service center. Approximately 50 percent of the photocopies require collating. Collating is currently performed by high school and college students who are paid $8 per hour. Each student collates an average of 5,000 copies per hour. Management is contemplating the lease of an automatic collating machine that has a monthly capacity of 6,000,000 photocopies, with lease and operating costs totaling $1,550, plus $0.05 per 1,000 units collated.(a) Determine the total costs of collating 500,000 and 1,500,000 per month:1. With student help.2. With the collating machine.(b) Determine the monthly volume at which the automatic process becomes preferable to the manual process.
Answer:
Mid-Town Copy Service
a. The total costs of collating 500,000 and 1,500,000 per month are:
500,000 1,500,000
1. With student help $800 $2,400
2. With the collating machine $1,575 $1,625
b. The monthly volume at which automatic process becomes preferable to the manual process is:
= 1,050,000 photocopies.
Explanation:
a) Data and Calculations:
Monthly photocopies processed per month = 2,100,000
Photocopies requiring collation = 1,050,000 (50% * 2,100,000)
Cost of collating per hour = $8
Average number of copies collated by a student per hour = 5,000
Total cost of manual collating copies = $8 * 1,050,000/5,000 = $1,680
Lease cost of automatic collating machine = $1,550 + $0.05 per 1,000 units collated
The total costs of collating 500,000 and 1,500,000 per month:
500,000 1,500,000
1. With student help $800 $2,400
($8 * 500,000/5,000) ($8 * 1,500,000/5,000)
2. With the collating machine $1,575 $1,625
($1,550 + $0.05* 500,000/1,000) ($1,550 + $0.05* 1,500,000/1,000)
b. The monthly volume at which automatic process becomes preferable to the manual process is 1,050,000.
At this volume, costs are:
Manual Process = $1,680 ($8 * 1,050,000/5,000)
Automatic Process = $1,603 ($1,550 + $0.05* 1,050,000/1,000)
Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 6%.
Required:
What is the present value of the note received by Crane?
Answer: $70,882.98
Explanation:
Present value of note = Present value of interest payments + Present value of face value
Present value of interest payment:
First calculate the interest:
= 5% * 74,000
= $3,700
This amount is constant so is an annuity
Present value = 3,700 * Present value interest factor of annuity, 5 years, 6%
= 3,700 * 4.2124
= $15,585.88
Present value of face value :
= 74,000 / (1 + 6%)⁵
= $55,297.10
Present value of note:
= 15,585.88 + 55,297.10
= $70,882.98
The owner of Artisanal Chips etc. produces three flavors of artisanal corn chips marketed at new college graduates — pumpkin (P), chipotle adobo (A) and basement (B). He has a limited amount of the three ingredients used to produce these chips available for his next production run: 1,000 ounces of salt, 2,000 ounces of maize, and 1,200 ounces of herbs. A bag of pumpkin chips requires 2 ounces of salt, 6 ounces of maize, and 1.75 ounces of herbs to produce; while a bag of chipotle-adobo chips requires 6 ounces of salt, 6 ounces of maize, and 5 ounces of herbs. A bag of basement chips requires 1.75 ounces of salt, 3.5 ounces of maize, and 1.5 ounces of herbs. Profits for a bag of basement chips are $0.40, for chipotle-adobo chips is $0.60, and for a bag of pumpkin chips $0.50.
For the production combination of 100 bags of each flavor of chips, which of the three resources is (are) not completely used?
a. salt and herbs only
b. salt and maize only
c. herbs maize and salt
d. maize only
Answer:
Artisanal Chips
For the production combination of 100 bags of each flavor of chips, the three resources are not completely used are:
c. herbs, maize, and salt
Explanation:
a) Data and Calculations:
Ingredients Ounces Usage per Bag
Pumpkin Chipotle Basement
Salt 1,000 2 6 1.75
Maize 2,000 6 6 3.5
Herbs 1,200 1.75 5 1.5
Basement Chipotle Pumpkin
Profits for a bag $0.40 $0.60 $0.50
Total ingredients required for 100 bags of each:
Resources Pumpkin Chipotle Basement Total Unused
Usage Resources
Salt 1,000 200 600 175 975 25 ounces
Maize 2,000 600 600 350 1,550 450 ounces
Herbs 1,200 175 500 150 825 375 ounces
Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500 of additional revenue per week, however they also project increase expenses of $1,000 for salaries, $150 for utilities and $50 for misc. expenses. No, because they will lose $300 per week Yes, because they will net $300 per week Yes, because they will gain $1,500 of revenue per week No, because they will incur $1,200 of expenses per week.
Answer:
Yes, because they will net $300 per week
Explanation:
According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable
Marginal cost is the increase in cost as a result of increasing output by one unit.
total marginal cost = 1000 + 50 + 150 = 1200
Marginal revenue is the increase in revenue as a result of increasing output by one unit.
Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased
Consumers' Willingness to Pay Musashi: $25 Jacques: $40 Kyoko: $35 Rina: $10 Firms' Costs Firm A: $15 Firm B: $30 Firm C: $20 Firm D: $10 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair
Answer:
For efficiency, 4 haircuts should be given.
If a haircut is to be given, the cost of the haircut to a firm should be less than or equal to the willingness to pay of the customer going there.
Firm A's cost is less than Musashi's willingness to pay so Firm A can cut. Firm B's cost is less than Jacques's willingness to pay so Firm B can cut. Firm C's cost is less than Kyoko's willingness to pay so Firm C can cut. Firm D's cost is equal to Rina's willingness to pay so Firm D can cut.
That makes 4 firms that can cut therefore 4 haircuts.
The business that should cut as shown above are:
Firm AFirm B Firm C Firm D.Assets Liabilities Reserves $3000 Deposits $22,000 Loans $20,000 Debt $2000 Securities $5,000 Balance sheet for Fictional First bank Refer to the balance sheet above. Suppose the reserve requirement is 10%. What is the maximum amount that Fictional First can loan out and still meet the reserve requirement?a. $1200 b. $3000 c. $800 d. $2200 e. $0
Answer: $800
Explanation:
If the reserve requirement is 10%, then the maximum amount that Fictional First can loan out and still meet the reserve requirement will be:
Deposits = $22000
Then, the required reserve will be
= 10% × $22000
= 0.1 × $22000
= $2200
Since, the reserves is $3000, then the additional amount that's held as reserves will be:
= $3000 - $2200
= $800.
Therefore, the maximum amount that Fictional First can loan out and still meet the reserve requirement is $800.
The maximum amount that Fictional First can loan out is $800 and still meet the reserve requirement.
How to calculate the maximum loan amount?The reserve requirement is given as 10% and deposits $22000, the amount required to set aside as reserves would be;
[tex]0.1*22000\\=2200[/tex]
Now, with Assets Liabilities Reserves as $3000, the more amount that should be reserved would be;
[tex]3000-2200\\=800[/tex]
Learn more about the loan amount here:
https://brainly.com/question/9795194
Wally owns 200 acres of land.Wally offers to sell the land to Robert for $1,500 per acre.Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre.Wally agrees to sell but does not identify which 40 acres.Later,Wally refuses to sell any land to Robert.What is the result?
A) Robert wins; this is an enforceable contract with complete and definite terms.
B) Robert wins; the UCC will decide which 40 acres are to be sold.
C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Answer:
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Explanation:
Since in the given situation, wally agrees to sell but here the identification of the land is not mentioned i.e. 40 acres and at the later time the wally refused to sold any land so here wally should wins as the agreement is not definite which type of the land should be sold so it becomes the agreement void
Hence, the correct option is d.
The following information is available for Oriole Company
Accounts receivable $3,000 Cash $6,300
Accounts payable 4,400 Supplies 3,880
Interest payable 610 Unearned service revenue 860
Salaries and wages expense 4,700 Salaries and wages payable 890
Notes payable 32,000 Depreciation expense 760
Common stock 57,200 Equipment (net) 109,600
Inventory 2,940
Required:
Using the information above, prepare a balance sheet as of December 31, 2022.
Answer and Explanation:
The preparation of the balance sheet is presented below:
Assets Amount
Accounts receivable $3,000
Cash $6,300
Supplies $3,880
Equipment (net) $109,600
Inventory $2,940
Total assets $125,720
Liabilities and stockholder equity Amount
Accounts payable $4,400
Interest payable $610
Unearned service revenue $860
Salaries and wages payable $890
Notes payable $32,000
Common stock $57,200
Retained earning (bal figu) $29,760
Total liabilities & stockholder equity $125,720
