Answer:
$9,240
Explanation:
Calculation to Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change
Using this formula
Net operating income = (CM ratio × Sales) - Fixed expenses
Let plug in the formula
Net operating income= (0.58× $178,000) - $94,000
Net operating income= $103,240 - $94,000
Net operating income= $9,240
Therefore the company's net operating income for May, assuming that the fixed monthly expenses do not change is $9,240
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
Cost of direct materials used in production $147,700
Direct labor 177,200
Work in process inventory, July 1 66,500
Work in process inventory, July 31 90,100
Total factory overhead 81,200
Required:
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
Answer:
the cost of goods manufactured is $382,500
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of direct materials used in production $147,700
Direct labor 177,200
Work in process inventory, July 1 66,500
Total factory overhead 81,200
Less:
Work in process inventory, July 31 90,100
Cost of goods manufactured $382,500
Hence, the cost of goods manufactured is $382,500
The top part of Rammy's Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 5 Accrued wages and taxes $ 6 Accounts receivable 15 Accounts payable 10 Inventory 95 Notes payable 50 Total $ 115 Total $ 66 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018?
Answer:
Rammy's Inc or Mars, Inc
Current ratio
= 1.74
Quick ratio
= 0.3
Cash ratio
= 0.076
Explanation:
a) Data and Calculations:
Current assets: Current liabilities:
Cash and marketable securities $ 5 Accrued wages and taxes $ 6
Accounts receivable 15 Accounts payable 10
Inventory 95 Notes payable 50
Total $ 115 Total $ 66
Current ratio = Current assets/Current liabilities
= $115/$66
= 1.74
Quick ratio = Current assets - Inventory/Current liabilities
= $20/$66
= 0.3
Cash ratio = Cash and marketable securities/Current liabilities
= $5/$66
= 0.076
non-employees are allowed in the store before the store opens and after closing time
Answer:
the answer is also no
Explanation:
this is because they do not work there and have no business there
Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and owned by Earle Martin . During the past month, Tiny Town Kennel has the following transactions: LOADING... (Click the icon to view the transactions.) Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel. Transaction (a) is answered as a guide. a. Received $ 520 cash for service revenue earned. (Transaction (a) is answered as a guide.) a. Increase asset (Cash) ; Increase equity (Service Revenue) b. Paid $ 325 cash for salaries expense.
Answer:
Paid $325 cash for salaries expense ⇒ Decrease asset (Cash); Decrease in Equity (Expenses)
Assets are reduced because the money used to pay for the salaries came from cash and cash is an asset. Assets will therefore be credited.
Equity also reduces because expenses come out operating income which is part of Equity. Equity will be debited as it is debited when it decreases.
What are the challenges that Vietnamese Businesses Face Due to Warehouse Locations in Industrial Parks
The challenges that Vietnamese businesses have to face or facing due to the warehouse locations are described below. Firstly we have to describe the warehouse locations.
The Warehouse locations in Industrial parks:
Vietnam has designated and developed several office buildings as well as regions throughout order to attract foreign investors. Vietnam's development projects are located throughout the kingdom's northwestern part.
Warehouse placement across the industrial parks presents several challenges such as:
As of now, the coordinating structure has always been in the creation stage. Supplementary time is required for coordinates.It seems to have a direct influence on either the accumulation as well as transportation, and perhaps even the expense of the action itself.Learn more about Vietnamese businesses here:
https://brainly.com/question/11337644
Describe the main procedures of running a successful meeting
The Three Rules of Running a Meeting. Set the Agenda. ...
Control the Meeting, Not the Conversation. Let Them Speak. ...
Make Meetings Essential. Do a Meeting Audit.
A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be
Answer:
1. $25,000
2. $27,000
Explanation:
Here is the complete question :
A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $1000. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the last payment. This pattern of payments will go on forever. If the interest rate is 12% per year,
a. what is today’s value of the bequest?
b. what is the value of the bequest immediately after the first payment is made?
a. Value today = value of payment /( interest rate - growth rate)
$1000 / (12% - 8%)
$1000 / (0.12 - 0.08)
$1000 / 0.04
= $25,000
b. Value today = [value of payment x ( 1 + growth rate)] /( interest rate - growth rate)
(1000 x 1.08) / (0.12 - 0.08)
1080 / 0.04
= 27,000
Determine the amount to be paid in full settlement of each purchase invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid Returns and by Seller Freight Terms Allowances a. $11,000 $260 FOB shipping point, 1/10, net 30 $1,100 b. $4,200 $101 FOB destination, 2/10, net 45
Answer:
a. The total cost is:
= ((Cost of goods - Returns) * discount factor) + Freight paid by seller
= ( (11,000 - 1,100) * (1 - 1%)) + 260
= 9,900 * 99% + 260
= $10,061
Note: When shipping is FOB Shipping point, freight is paid by buyer. Discount terms of 1/10 means that a discount of 1% is allowed if settlement is done within 100 days.
b. Total Cost is:
= ( Cost of goods - Returns) * Discount factor
= 4,200 * (1 - 2%)
= $4,116
Note: When shipping is FOB Destination, freight is not paid by buyer. 2/10 discount means 2% discount if settled in 10 days.
You are buying a laptop and there is two payment plans to consider. Payment plan A is to pay $4,900 now and payment plan B is to pay $500 now and pay $210.30 per month for 30 months. Using an interest of 24%, which payment plan do you choose
Answer: Plan A has a lower present value and should be chosen.
Explanation:
Choose the one that has the lower present value because that means that it would be cheaper.
Present value of plan A = $4,900
Present value of plan B
= $500 + Present value of $210.30 per month for 30 months
$210.30 is constant so it is an annuity.
Periodic interest rate = 24%/12 = 2%
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 210.30 * ( 1 - (1 + 2%)⁻³⁰) / 2%
= $4,709.97
Present value of plan B = 500 + 4,709.97
= $5,209.97
Choose Plan A because it has a lower present value.
DESC
1. How much time, in seconds, does it take to complete one cycle of 60 Hz electric power?
A. 1 second
B. 1/60 second
c./3 second
D. V/120 second
Answer:
[tex]B) \ \frac{1}{60} \ second[/tex]
Explanation:
Given;
frequency, F = 60 Hz
number of cycles, n = 1
Frequency is defined as the number of complete cycles per seconds.
Mathematically, it is expressed as follows;
[tex]F = \frac{n}{t} \\\\where;\\t \ is \ the \ time \ taken \ to \ make \ the \ complete \ cycle \ (seconds)\\\\t = \frac{n}{F} \\\\t = \frac{1}{60} \ second\\\\The \ correct \ answer \ is \ \ (B) \ \frac{1}{60} \ second[/tex]
Therefore, the time taken to make a cycle of 60 Hz is ¹/₆₀ s
An individual or a firm can internalize an externality by ___________. A. disputing that an externality exists. B. doubling the size of the externality. C. paying the cost of the externality. D. ignoring the externality.
Answer:
C. paying the cost of the externality
Explanation:
An externality is defined as cost or benefit that is generated from the activities of a producer, but it is not financially incurred by the producer.
It can be positive or negative externality.
For example if we have a street light the effect on the society does not affect the producer cost wise so it is an externality to him.
When a producer now bears the cost of an externality he is internalizing the externality.
For example if a company polluted the environment with a byproduct of its production process this is a negative externality.
They can internalise it by cleaning up the pollutant from the society.
A company purchased property for a building site. The costs associated with the property are given below.
Purchase price = $175,000
Real estate commissions = $15,000
Legal fees = $800
Expenses of clearing the land = $2,000
Expenses to remove old building = $1,000
1. What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
2. Prepare the journal entry to record these costs.
Answer:
1. Land $193,800
Building $0
Explanation:
1. Calculation to determine what portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building
Purchase price $175,000
Real Estate commissions $15,000
Legal fees $800
Expenses of clearing the land $2,000
Expenses to remove old building $1,000
Total $193,800
Therefore the total cost of the land is $193,800 and NO cost will be allocated to the cost of the new BUILDING
2. Preparation of the journal entry to record these costs
Dr Land A/c $193,800
Cr Cash A/c $193,800
(Being land purchased for cash and the associated expenses being recorded)
Maria is 30 years old and has a nest egg of $25,000 that she worked hard to save
through her twenties. She would like to invest the money in order to have a down
payment for a home by the time she is 35.
How would you recommend Maria invest her money?
Answer:
Since Maria is 30 years old and has a nest egg of $ 25,000 that she worked hard to save through her twenties, and she would like to invest the money in order to have a down payment for a home by the time she is 35, I I would give her the following recommendation:
Given that the S&P 500 index fund has an average annual return of 10% to 15%, with positive returns almost guaranteed and considerably low risk, and that Maria has money that is not an excessively high amount and wants to allocate it For a purpose that implies the need for a certain investment security, I would recommend investing that sum in the aforementioned index fund.
a.If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment
Answer: 4%
Explanation:
The natural rate of unemployment is the sum of the frictional and structural unemployment rate because these represent the unemployment that a country would still experience even if it was at full employment and the actual GDP was equal to its Potential GDP.
Natural unemployment rate = Frictional unemployment + Structural unemployment
= 2% + 2%
= 4%
Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? a.$5,000 b.$55,000 c.$30,000 d.$75,000
Answer:
Option "b"$55000 is correct.
Explanation:
Below is the given values:
Starting raw material = $30000
Pruchased material = $65000
Raw material at the end = 40000
Now calculate the raw material used:
Raw material used = Starting raw material + purchases - ending raw material
Raw material used = 30000 + 65000 - 40000
Raw material used = 95000 - 4000
Raw material used = $55000
Thus option "b"$55000 is correct.
In applying the lower of cost or market method to LIFO inventory valuation, market is defined as: A. Historical cost. B. Current replacement cost. C. Current sales price. D. FIFO. E. LIFO.
Answer:
b
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose "no" for those that are not.
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.
d. A weak Canadian dollar makes the cost of importing more expensive.
Answer:
a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways. - Yes
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth. - Yes
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment. - Yes
d. A weak Canadian dollar makes the cost of importing more expensive. - No
Explanation:
The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.c) Tình hình SX của DN Y trong năm báo cáo như sau:
Chỉ tiêu Quý I Quý II Quý III Quý IV
1. GTSX(Tr.đ) 2.515 2.616 2.716 2.908
2. Số LĐ đầu quý 99 101 103 105
Được biết số LĐ cuối IV là 107 người
Yêu cầu: - Tính GTSX bình quân năm báo cáo?
- Mức NSLĐ bình quân mỗi quý của 1 lao động?
- Mức NSLĐ bình quân hàng quý của 1 lao động?
- Mức NSLĐ bình quân của cả năm của 1 lao động?
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
Service Quality Gaps
Psychological Gaps
Language Gaps
Physical Gaps
Operational Gaps
Transition Gaps
Answer:
Service Quality Gaps
Explanation:
Service Quality gaps is one of the value gaps that can undermine customer experiences and can damage relationships.
This is because, as a result of the quality of the service delivered or rendered, a customer's satisfaction can be gauged and depending on how satisfied the customer is, it could build or damage relationships.
The purposeful use of symbols to allow multiple interpretations of messages is called:____.
a. strategic ambiguity.
b. crisis communication.
c. interaction management.
d. conflict management.
e. customer service management.
Answer:
a. strategic ambiguity.
Explanation:
The use of strategic ambiguity permits the views for diversify or interpretations also at the same time it promotes inclusiveness and unity
The mission and vision sttaement should be confused and normal in nature in order to provide the accomodation
So the use of symbols for permitting out the multiple interpretations of messages is known as the strategic ambiguity
Therefore the option a is correct
The benefit the goverment receives from tax can be measured by
Answer:
the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Explanation:
The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
The revenue or benefits received from tax by the government of a Country can be measured by using the Tax-to-GDP ratio.
The Tax-to-GDP ratio provides an in-depth knowledge of the revenues generated from tax by the nation as it relates to the economy.
This ratio helps to pinpoint the benefits from taxation with relation to the size of the nations economy. for instance, if their is higher revenue from tax, it means that the Country can spend more money healthcare, education or infrastructure.
Hence, the Tax-to-GDP ratio, measures the benefit from tax in a nation, and a higher tax revenue of a nations gross domestic product (GDP) signifies economic growth.
You can get more insight about taxes here https://brainly.com/question/15090055?referrer=searchResults
How does marketing satisfy your needs as a college student? Are certain aspects of your life influenced more heavily by marketing than others? Provide examples
Job analysis is important to HR managers because the information gathered in job analysis is used in so many HR activities/functions. Describe how job analysis information is used in four different HR activities/functions. Illustrate by specific examples in hospitality and tourism.
Answer:
Job analysis in tourism and hospitality include planning, making and providing, lodging recreation and travel related services.
Explanation:
Job analysis is a part of the procedure to identify the contents of the job interms of the acts involved and it provides information to the organization necessary to perform these activities. Procedure involves collecting of information. Being both task and work oriented.External costs occur because Group of answer choices Private costs do not reflect the full costs to society All costs are absorbed by the firm Firms make a choice other than the most cost-efficient production method Government failure increases costs for the firm
Answer:
Private costs do not reflect the full costs to society
Explanation:
External costs are costs incurred by third parties not involved in production or consumption activities
external cost can either be negative or positive
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced.
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced.
The law of comparative advantage says that a person should produce a good if he or she: Group of answer choices can produce the good at the same cost as another producer can. receives the highest marginal benefit from the good. has an absolute advantage in producing the good. has the lowest opportunity cost of producing the good. has the greatest desire to consume the good.
Answer:
has the lowest opportunity cost of producing the good
Explanation:
Comparative advantage is the capability of the one party in order to manufactured the goods or services at less opportunity cost as compared to the other party. It could be used for overall nations and thier economies
So as per the given situation, the above statement represent an answer
hence, the same is to be considered
For February, sales revenue is $250,000; sales commissions are 6% of sales; the sales manager's salary is $50,000; advertising expenses are $15,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $1,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are:_______.
a. $65,000.
b. $69,750.
c. $82,250.
d. $84,750.
Answer:
d. $84,750.
Explanation:
Calculation to determine what Total selling expenses for the month of February are:
Sales commissions $15,000
($250,000 ×6%)
Sales manager's salary $50,000
Advertising expenses $15,000
Shipping expenses $2,500
($250,000 × 1%)
Miscellaneous selling expense $2,250
[$1,000 + ($250,000 × 0.5%)]
Total selling expenses $84,750
Therefore Total selling expenses for the month of February are:$84,750
A machine with a cost of $100,000 has an estimated residual value of $8,000 and an estimated life of 7 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method
Answer:
$20,408.16
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/7
1st year= 2/7 x 100,000 = 28,571.43
book value = 100,000 - 28,571.43 = 71,428.57
2nd year = 2/7 x 71,428.57 = $20,408.16
What is finance? The study of a business's past financial decisions The study of how to allocate assets to maximize returns The process of communicating financial information about a business The social science that analyzes the production, distribution and consumption of goods and services
Answer: The study of how to allocate assets to maximize returns
Explanation:
Finance refers to the study of how to allocate assets to maximize returns. Finance refers to the study, management, and creation of money and investments.
Finance simply explains how economic agents such as the individual, company or government gets money and how such money is being used.
1. As more people in India have access to higher education, explain
how potential GDP and aggregate supply will change in the long
run.
Answer:
As more people in India have access to higher education, the country's economic growth potential, both in its GDP per capita and in its aggregate demand, will increase.
This is so because the higher the levels of education, the greater the added value that each person introduces into their economic production, with which the country's GDP is in turn increased.
On the other hand, this same economic growth generates a greater availability of wealth for society, with which the greater the availability of money, the greater the demand for goods and services that will be produced in that country.
Suppose a bank has $400 million in deposits and $25 million in required reserves, and it is holding no excess reserves. What is the required reserve ratio?
Answer:
the required reserve ratio is 6.25%
Explanation:
The calculation of the required reserve ratio is given below:
Required reserve ratio is
= required reserves ÷ deposits
= $25 ÷ $400
= 0.0625
= 6.25%
Hence, the required reserve ratio is 6.25%
The same is to be relevant and considered too
