Answer:
Product Y would be $6,600 prior to automation and $26,400 after automation
Explanation:
Calculation to determine the amount of overhead cost allocated to:
Predetermined overhead rate prior to automation = Estimated overhead / Estimated direct labor hours
Predetermined overhead rate prior to automation=$15,400/(8,000+6,000)
Predetermined overhead rate prior to automation= $15,400 / 14,000
Predetermined overhead rate prior to automation= $1.1per hour
Overhead allocated to product X prior to automation = 8000*$1.1
Overhead allocated to product X prior to automation= $8,800
Overhead allocated to product Y prior to automation = 6000*$1.1
Overhead allocated to product Y prior to automation= $6,600
Predetermined overhead rate after automation = Estimated overhead / Estimated direct labor hours
Predetermined overhead rate after automation= $35,000 / 8000
Predetermined overhead rate after automation=$4.4per hour
Overhead allocated to product X after automation = 4000*$4.4
Overhead allocated to product X after automation = $17,600
Overhead allocated to product Y after automation = 6000*$4.4
Overhead allocated to product Y after automation= $26,400
Therefore Assuming Bates uses direct labor hours as a companywide allocation base before and after the automation, the amount of overhead cost allocated to:Product Y would be $6,600 prior to automation and $26,400 after automation
When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across departments using a journal entry that includes the following: multiple choice A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the first department in the series of processes. A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of processes. A debit to the Work in Process Inventory account for the first department in the series of processes and a credit to the Finished Goods Inventory account. A debit to the Work in Process Inventory account for the final department in the series of processes and a credit to the Finished Goods Inventory account.
Answer:
A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process
Explanation:
In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred
So, the following should be the journal entry
Finished goods inventory XXXXX
To Work in Process Inventory - Final dept XXXXX
(Being the production process is completed recorded)
Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets
Chris laughed at some of the cultural mistakes companies made in advertising and promotion in international trade while he was in school. Now he was trying to determine what had gone wrong with the campaign he had planned in Latin America for his company's product, and it didn't seem quite as amusing. He narrowed the issues to sociocultural factors. He was looking at both __________ and __________. Group of answer choices
Answer:
He was looking at both visible artifacts and underlying values.
Explanation:
Visible artifacts are organizations attitude and behavior towards surroundings. Chris has identified some of the mistakes made in advertising by a company. He was trying to determine the issue with the marketing team of the company and he concluded the main reason to be sociocultural factor.
When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.
Answer: The question you wanted to ask is missing, The excerpt related to your question is missing but i was able to get it online but I could not attached it .
Question : pick the correct option
answer :
Chemical Bank, Washington Mutual, and Wells Fargo
Explanation:
When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.
Because these Banks were willing to accept and work with the Hot topic .
Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $4 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 19,000 shares of common stock at $6 per share. Issued 38,000 shares of common stock at $7 per share. Reported a net income of $190,000. Paid dividends of $95,000. Purchased 2,000 shares of treasury stock at $9 (part of the 38,000 shares issued at $7). What is total stockholders' equity at the end of 2021
Answer:
Total Stock holder equity $457,000
Explanation:
The computation of the total stockholder equity is shown below:
Common stock issued (19,000 × $6) $114,000
Another common stock issue (38,000 × $7) $266,000
Net income $190,000
Less: Dividends - $95,000
Less: Treasury stock purchase -$18,000 (2,000 × $9)
Total Stock holder equity $457,000
The same should be relevant
The text defines management as "The art of getting things done through the efforts of other people." Put yourself in the shoes of a manager and explain what this definition means in the context of a company operation. You can use the example of any company (large or small) and any good or service.
Answer: Management comes from the word managing. Managing has to do with handling situations to turn out in a favourable or successful way. In managing situations to turn out well people are being managed, this is to enable the people work towards the goal of the organization
Explanation:
Management comes from the word managing. Managing has to do with handling situations to turn out in a favourable or successful way. In managing situations to turn out well people are being managed, this is to enable the people work towards the goal of the organization. In order words, managers work with people, managers cannot work alone, they must have people they oversee to drive the goal of the organization. An example isa production firm, the workers may not know how they have improved the products and how well they should unless they are told by the manager. The manager controls the situation and bridges the gap between the product or service offered and the customers.
The statement "The art of getting things done through other people" means that, the manager does not do the job alone, their are other people needed to do the job in an organization for effective management.
Some of the basic functions of management includes, planning, organizing, coordinating and commanding. As a manager, one needs to act as a leader, by providing your subordinates the right direction they need to get the work done.
The manager of a business firm for instance, needs to assign task to different workers in the organization so that their is smooth running of the sales process.
Hence, The manager gets the work done through the efforts of others by delegating task, while standing in as a guide so as to get the work done effectively.
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Calculate the simple interest on a loan of $9000 at an interest rate of 8% for 6 years?
Answer:
$4,320
Explanation:
Covert 8% to a decimal, in this case is 0.08. Then multiply all three values together.
9000 * 0.08 * 6 = 4320
Required solution :
Here we have been provided with the principal, rate of interest and the time period for which the loan was taken.
Principal = $9000Rate = 8% Time = 6 yearsNow, we know that simple Interest is calculated by the formula :
[tex]\boxed{\sf{S.I. \: = \: \frac{P \times R \times T }{100} }} \: \red\bigstar[/tex]Here in this formula,
S.I. is simple Interest R is rate of interest T is Time P is PrincipalPutting all the values in the formula,
[tex]: \: \implies \: \sf{S.I. \: = \: \dfrac{9000 \times 8 \times 6 }{100} }[/tex]
[tex]: \: \implies \: \sf{S.I. \: = \: \dfrac{900 \times 8 \times 6 }{10} }[/tex]
[tex]: \: \implies \: \sf{S.I. \: = \: \dfrac{90 \times 8 \times 6 }{1} }[/tex]
[tex]: \: \implies \: \sf{S.I. \: = \: 90 \: \times \: 8 \: \times 6 } [/tex]
[tex]: \: \implies \: \sf{S.I. \: = \: 90 \: \times \: 48 } [/tex]
[tex]: \: \implies \: \underline{\underline \red{\sf{S.I. \: = \: 4320}}}[/tex]
[tex]\underline{ \bf{Henceforth, \: simple \: interest \: on \: that \: loan \: is \: 4320 \: dollars}}[/tex]
A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the: (Check all that apply.) Multiple select question. Factory Overhead account has a credit balance of $300 before adjusting. adjusting entry will require a debit to Cost of Goods Sold. adjusting entry will require a credit to Cost of Goods Sold. Factory Overhead account has a debit balance of $300 before adjusting.
Answer:
Factory Overhead account has a credit balance of $300 before adjusting.
adjusting entry will require a credit to Cost of Goods Sold.
Explanation:
Given that the actual overhead is $1,200 so the same should be debited to factory overhead account
And, the applied overhead is $1,500 so the same should be credited to the factory overhead account
In addition to this, the applied overhead is more than the actual overhead
So, these two statements should be considered
what do you mean by high and middle level profession.
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end
Which is considered part of a person's income for the year?
50 shares of stock bought at $200 a share.
$1,000 in dividends from investments.
A gift worth $1,000.
O $1,000 discount on the purchase of a new car.
Answer:
$1,000 in dividends from investments.
Explanation:
which term is used when businesses do not maximise output from given inputs ?
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
The Simpsons are buying the Martin's house for $415,000, and closing is set for March 15. The Martins have a loan balance of $230,000 at a rate of 4.7% and have prepaid property taxes ($2,506) and insurance ($1,400), and they also have mortgage interest to consider. Using a 365-day proration method, calculate the prorated amount the Simpsons will owe the Martins at closing. Assume February has 28 days this year. The sellers own the day of closing.
Answer:
$1,997.62
Explanation:
Calculation to determine the prorated amount the Simpsons will owe the Martins at closing.
First step is to Calculate daily rates for taxes to be prorated
Daily rates for taxes=$2,506 ÷ 365
Daily rates for taxes= $6.87
Second step is to calculate Martins pay for the first 74 days which is January 1 through March 15
Pay=74 x $6.87
Pay= $508.38
Now let determine the prorated amount
Prorated amount=$2,506 - $508.38
Prorated amount= $1,997.62
Therefore the prorated amount the Simpsons will owe the Martins at closing is $1,997.62
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,000 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. Zim Company has a Supplies account balance of $6,600 at the beginning of the year. During the year, it purchased $2,800 of supplies. As of December 31, a physical count of supplies shows $1,200 of supplies available. Prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies account and the Supplies Expense account as of December 31.
Answer:
Adjusting Entries
December 31
Dr. Insurance Expense $2,000
Cr. Prepaid Insurance $2,000
December 31
Dr. Supplies Expense $8,200
Cr. Supplies account $8,200
Explanation:
On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.
Now calculate the supplies expense using the following formula
Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200
An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. the owners and agents have different attitudes toward risk. C. the desires and objectives of the owners and agents conflict. D. executives do not select risky strategies because they fear losing their jobs if the strategy fails. E. all of the above.
Answer:
The answer is E.
Explanation:
In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.
Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)
So all the options in the question represents agency problem.
How do margin trades magnify both the upside potential and the downside risk of an investment position?
Answer and Explanation:
Margin trades work this way because they allow them to extend the amount of money invested regardless of whether the security's price drops or rises. In a more simplified way, we can state that the margin trade allows that even if the price of a security goes up or down, the invested money presents a percentage of gain or loss much bigger than the original value. This is because this money was deposited as a loan guarantee, allowing interest to run on it, increasing it.
You have just won $20,000 in the state lottery, which promises to pay you $1,000 (tax free) every year for the next twenty years. The interest rate is 5%. In reality, you receive the first payment of $1,000 today, which is worth $ nothing today. (Round your response to the nearest penny.) The value of the second$1,000 payment is worth __________ $
Answer:
$952.38
Explanation:
The net present value is given by the expression as shown below:
[tex]NPV=\frac{Future value}{(1+r)^{n} }[/tex]
Plugging the values in the above expression,
r=0.05
Future value =$1,000
n=1
[tex]NPV=\frac{1000}{(1+0.05)^{1} }\\NPV=952.38[/tex]
The value of the second$1,000 payment is worth $ 952.38
Initial investments contributed to a company are which of the following? A. Shareholder's Capital and Debt B. Debt and Retained Earnings C. Shareholder's Capital and Assets
Answer:
The answer is C. Shareholder's Capital and Assets.
Explanation:
Stockholders' equity, also referred to as shareholders' or owners' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings, and treasury stock.
Conceptually, stockholders' equity is useful as a means of judging the funds retained within a business.
Contributed capital, also known as paid-in capital, is the cash and other assets that shareholders have given a company in exchange for stock. Investors make capital contributions when a company issues equity shares based on a price that shareholders are willing to pay for them. The total amount of contributed capital or paid-in-capital represents their stake or ownership in the company.
Contributed capital may also refer to a company's balance sheet item listed under stockholders' equity, often shown alongside the balance sheet entry for additional paid-in capital.
Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)
The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.
Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
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A company's value chain Multiple choice question. is not analytically useful if it is a non-manufacturing company. includes only the company's supply chain management activities that add value for customers. includes only the primary activities that the company performs. identifies the company's internal activities that create value for customers.
Answer:
identifies the company's internal activities that create value for customers.
Explanation:
A value chain is a business model that shows the activities in the full range required for developing the product or service. Here the motive of value chain analysis is to rise the production efficiency so that the company is able to delivered the maximum value at the lesser cost
Also, it identified the internal activities of the company that could develop and add the value to the customers
The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.
True
False
Subject: Career success skills
HELP HELP HELP!!! Why would an investor choose to invest in speculative stocks when he or she could invest in blue-chip stocks instead?
Answer:
They offer potentially high returns to compensate for the high risk associated with them!
Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufacturers, but the demand for domestic autos is no more than 2.5 times the quantity produced at the bottom of the long-run average cost curve. What do you expect will happen to the domestic auto industry in the long run
Answer:
• One firm to have left.
• At least one will be suffering.
Explanation:
There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.
With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.
Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.
If the firm finances investment spending out of retained earnings, then the interest rate is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the equivalent of income plus transfers minus taxes. the ratio of the total change in real gross domestic product (GDP) caused by an autonomous change in aggregate spending to the size of that autonomous change. the opportunity cost of using those funds for a particular investment project. irrelevant.
Answer: the opportunity cost of using those funds for a particular investment project.
Explanation:
Financing investment from the retained earnings of a company might seem like a costless method of sourcing funds but there is a cost that needs to be accounted for. This is the opportunity cost of not using those retained earnings for something else.
For instance, if Parrain Inc. decided to expand using retained earnings when they could have invested in a project that gave a return of 12% per year, the interest rate for the expansion is that 12% they could have earned from the other project.
Which of the following statement about capital market stakeholders is true Group of answer choices oftentimes capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other Offering cash dividends to stockholders will please all the capital market stakeholders within groups, capital market stakeholders are always agree with each others for all the firms, capital market stakeholders are the most important stakeholders for firms to cater to
Answer: Often times capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other
Explanation:
The various stakeholders a company will often times find that they are clashing with each other as they try to push their agenda at the expense of other stakeholders.
Capital market stakeholders for instance, provide capital to the business and so would prefer if it kept costs as low as possible so that they the capital providers can get an adequate return. Product market stakeholders such as suppliers would be trying to increase their prices so as to make more money and this would go against the wishes of the capital providers leading to a disagreement between both classes.
The Davises pay the annual property tax of $1,825 on their lake house every January. On a whim, they sell the lake house to the Bennets to buy a Winnebago and travel the country. Closing is set for July 31, and the buyers own the day of closing (pay prorated expenses through the day of closing). Using the calendar year proration method (assume that it's not a Leap year), how much of the pre-paid property tax was the Davises' responsibility
Answer:
$1,055
Explanation:
The computation of the pre-paid property tax was the Davises' responsibility is given below:
= $1,825 ÷ 365 days × 211 days
= $1,055
The 365 days represent total days in a year
The 211 days represent the days from Jan 1 to July 31
Hence, the pre-paid property tax was the Davises' responsibility is $1,055
MY FINAL QUESTION 80 POINTS! TAKE your time :) Look at image below
Task3
Your Blog
Evaluate your blog using the data analytics provided in the blog-hosting service. Then, create a report that summarizes your blog activities.
Investigate and analyze your blog activities. You will understand how blogs can be effective and what are the challenges involved in creating effective blogs and social media platforms. Use graphics, charts, and other forms of visual data to analyze your blog activities.
Explanation:
Understand your audience. ..Create your blog domain. ...Customize your blog's theme. ...Identify your first blog post's topic. ...Come up with a working title. ...Write an intro (and make it captivating). ...Organize your content in an outline. ...Write your blog post!this is the guidence how to make blog
I hope u find this helpful
The internet makes it more difficult to participate in international trade.
TRUE OR FALSE
Answer:
TRUE
Explanation:
Because it's giving every player a chance.
9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade discount?
Answer:
The trade discount is the discount of 5% equivalent to $25,000
Explanation:
The question parameters are;
The cost of the car, c = $500,000
The amount the car's list price is discounted = 5%
The duration over which the payment for the car should be made to receive the discount = 1 year
Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000
A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased
Work-in-Process Inventory for Wendall Productions has a balance of $2,600 at the end of the accounting period. The cost summaries for the uncompleted jobs showed direct materials of $1,200 and direct labor of $800. Wendall applies manufacturing overhead on the basis of direct labor cost. The company's predetermined overhead rate is:
A. $1.00 per direct labor dollar
B. $0.65 per direct labor dollar
C. $0.50 per direct labor dollar
D. $0.75 per direct labor dollar
Answer:
D. $0.75 per direct labor dollar
Explanation:
Total work in process = $2,600
- Direct materials cost = ($1,200)
- Direct labor cost = ($800)
Manufacturing overhead = $600
Predetermined overhead cost = total overhead cost / total direct labor costs = $600 / $800 = $0.75 per direct labor dollar
Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?
Answer:
1:if i have enough money for the purchase.
2:if it suits my personal attributes.
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
