Consider the following project network and activity times (in weeks): Activity A B C D E F G H Time 5 3 7 6 7 3 10 8 How much time will be needed to complete this project

Answers

Answer 1

Answer:

Please find the attached file of the complete question:

Explanation:

Please find the attached file of the solution:

Critical Path:  ACH

Duration: 21

Because C is on the Critical Path, it cannot be postponed without causing the project to be delayed.

E is not on the critical path, thus it may also be delayed by two weeks without causing the project to be delayed.

[tex]D : ES : 6, EF : 10, LS : 7, LF : 11[/tex]

Consider The Following Project Network And Activity Times (in Weeks): Activity A B C D E F G H Time 5
Consider The Following Project Network And Activity Times (in Weeks): Activity A B C D E F G H Time 5

Related Questions

Supriya invested $14,320 in a highly rated ETF. At the end of four years, she had $18,434. What was her annual effective yield on this investment

Answers

Answer:

6.517%

Explanation:

Present Value PV = $14,320

Future Value FV = $18,434

Number of period Nper = 4

Annual effective yield = Rate(Nper, Pmt, Pv, -Fv)

Annual effective yield = Rate(4, 0, 14320, -18434)

Annual effective yield = 0.06517

Annual effective yield = 6.517%

Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inventory for the year amounted to $2,000,000. Inventory turnover for the year is Group of answer choices 8 times. 15 times. 7.5 times. 5 times.

Answers

Answer:

The answer is "7.5 times"

Explanation:

Inventory turnover represents the rate where an enterprise sells or substitutes its inventory for a certain period. The stock revenue ratio is the cost of products sold, that are divided by the total equity for the same period.

The efficacy of an entrepreneur's turning stock into sales is evaluated. This ratio also demonstrates whether well the costs of the stock are handled, if the stock is too large or not.

[tex]\text{Inventory turnover ratio} = \frac{\text{Cost of goods sold}}{\text{Average Inventory}}[/tex]

                                       [tex]= \frac{15000000}{2000000}\\\\= \frac{15}{2}\\\\ = 7.5\ times[/tex]

In 2020, Susan retired from her active participation in a 50% owned restaurant business, which she owned for 20 years. Susan is also a material participant in a clothing store which she has a 50% ownership. Susan continues to actively participate in the clothing store in 2020. The restaurant generated an $80,000 loss, and the clothing store produced $150,000 in income in 2020. These amounts are Susan's share of each activity. Susan does not participate nor own any other business.

Answers

Question Completion with Options:

a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.

d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.

Answer:

Susan

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

Explanation:

Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses.  For the past 20 years, she had participated materially in the restaurant, only just retiring this year.   At least, she has passed the material participant test, number 5.

15. Ilang lalawigan ang bumubuo sa Gitnang Mindanao?​

Answers

Answer:

6 region any meron SA mindanao

Lập danh mục chi phí hoạt động của 1 toà nhà cho thuê hạng C

Answers

Chi phí hoạt động là chi phí liên tục để duy trì và duy trì hoạt động đầu tư bất động sản cho thuê. Nói cách khác, chúng là những chi phí ảnh hưởng đến hoạt động hàng ngày của khoản đầu tư và được coi là cần thiết để duy trì dòng doanh thu.

Lâp danh muc chi phí hoat dông cûa

Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department

Answers

Answer:

$39520

Explanation:

The computation of the total cost of ending work in process for the Milling Department is given below:

But before that the equivalent cost per unit is

Material = $301600 ÷ 5200

= $58 per unit

And,

Conversion = $408000 ÷ 5000

= $81.60 per unit

So,

Ending Work in Process = 400 × $58 + 200 × $81.60

= $39520

why do you think that the npv method choosen by you is the most suitable method in ecaluating the proposed investment?

Answers

Answer:

Hind Petrochemicals Company

The reason that the NPV method is the most suitable method in evaluating the proposed investment is that

the NPV reduces all the cash outflows and inflows to their present value to assess their relative values vis-a-vis the time value of money.

Explanation:

NPV, therefore, creates a common denominator for project evaluation.  If the cash outflows in their present values are more than the cash inflows in their present values, then Hind may need to reconsider its decision to buy the refineries from the government. Using NPV enables Hind Petrochemicals to compute the revenues and costs in their present values and cash flow forms.  

Blake Company purchased two identical inventory items. The item purchased first cost $34.00, and the item purchased second cost $35.00. Blake sold one of the items for $64.00. Which of the following statements is true?
A. The dollar amount assigned to ending inventory will be the same no matter which cost flow method is used.
B. Gross margin will be higher if Blake uses LIFO than it would be if FIFO were used.
C. Ending inventory will be lower if Blake uses weighted average than if FIFO were used.
D. Cost of goods sold will be higher if Blake uses FIFO than if weighted average were used.

Answers

Answer:

c

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

Weighted average is the average cost of the inventories bought over a period

If FIFO is used, ending inventory would be $35.

If weighted average is used , ending inventory = (34 +35) / 2 = $34.50

Thus, ending inventory will be lower if Blake uses weighted average than if FIFO were used

Gross margin = gross profit / revenue

If FIFO was used . gross margin = (64 - 34) / 64 = 0.469

If LIFO was used . gross margin = (64 - 35) / 64 = 0.453

Gross margin will be lower if Blake uses LIFO than it would be if FIFO were used.

MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $364,800; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $426,000 in materials costs, $415,400 in overhead costs and $232,000 in direct labor costs. Compute the overhead application rate.

Answers

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

Suppose that Jeremiah was unfairly terminated before his employment contract expired, and he had to spend $500 to find another job. His job search expenditures would be considered _____ damages.

Answers

Answer:

Incidental damages

Explanation:

In a situation where an employer doesn't fulfill a contract agreement with an employee, just like in the question above, where Jeremiah was unfairly terminated before his employment contract expired, he has the right to collect "damages" which is legal compensation for financial losses caused by the termination of his employment contract before it expired. Incidental damage is the answer because Jeremiah incurred expenses where he had to spend $500 to find another job as a result of the employer's breach of the contract.

Fowler, Inc., just paid a dividend of $2.60 per share on its stock. The dividends are expected to grow at a constant rate of 5.75 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock.
a. What is the current price?
b. What will the price be in four years and in sixteen years?

Answers

Answer:

a. Current price = $43.99

b. We have:

Price in four years = $52.03

Price in sixteen years = $101.76

Explanation:

a. What is the current price?

Using the Gordon Growth Model formula, we have:

Current price = (Dividend just paid * (100% + Dividend growth rate)) / (Rate of return – Dividend growth rate) = ($2.60 * (100% + 5.75%)) / (12% - 5.75%) = $43.99

b. What will the price be in four years and in sixteen years?

Using the Gordon Growth Model formula with an adjustment for number of years, we have:

Price in four years = (Dividend just paid * (100% + Dividend growth rate)^Number of years) / (Rate of return – Dividend growth rate) = ($2.60 * (100% + 5.75%)^4) / (12% - 5.75%) = $52.03

Price in sixteen years = (Dividend just paid * (100% + Dividend growth rate)^Number of years) / (Rate of return – Dividend growth rate) = ($2.60 * (100% + 5.75%)^16) / (12% - 5.75%) = $101.76

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour 31,400 $219,800 4
Recently. Job T687 was completed with the following characteristics:
Number of units in the job 10
Total machine-hours
Direct materials
Direct labor cost $ 580 $1,160
The total job cost for Job T687 is closest to: (Round your intermediate calculation to 2 decimal places)

Answers

Answer:

$1960

Explanation:

The computation of the total cost is shown below:

Total variable overhead estimated is

= (4 × 31400)

= $125600

Now

total overhead estimated is

= Total variable overhead estimated + Total fixed overhead estimated

= $125600 + 219800

= $345400

Now predetermined overhead rate is

= $345400 ÷ 31400

= $11 per machine hour

Now total overhead applied is

= (11 × 20)

= $220

So,  total job cost is

= Direct material + Direct labor + Total overhead

= (580+1160+220)

 = $1960

The expenditures and receipts below are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses.
(a) Money borrowed to pay building contractor (signed a note) $(289,100 )
(b) Payment for construction from note proceeds 289,100
(c) Cost of land fill and clearing 11,860
(d) Delinquent real estate taxes on property assumed by purchaser 7,990
(e) Premium on 6-month insurance policy during construction 9,480
(f) Refund of 1-month insurance premium because construction completed early (1,580 )
(g) Architect’s fee on building 26,400
(h) Cost of real estate purchased as a plant site (land $202,900 and building $56,600) 259,500
(i) Commission fee paid to real estate agency 9,690
(j) Installation of fences around property 4,140
(k) Cost of razing and removing building 10,530
(l) Proceeds from salvage of demolished building (4,690 )
(m) Interest paid during construction on money borrowed for construction 12,230
(n) Cost of parking lots and driveways 17,750
(o) Cost of trees and shrubbery planted (permanent in nature) 13,350
(p) Excavation costs for new building 3,290
Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receipt amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If no entry is required in other accounts, select "No Entry" for the account titles.)
Item Land Land
Improvements Building Other Accounts
(a) $
$
$
$
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
(o)
(p)

Answers

Answer:

a)Other Accounts – $(289,100 )Notes Payable

b)Buildings – $289,100

c)Land – $11,860

d)Land – $7,990

e)Buildings – $9,480

f)Buildings – ($1,580)

g)Building – $26,400

h)Land – 259,500

i)Land – $9,690

j)Land Improvement – $4,140

k)Land – $10,530

l)Land – ($4,690 )

m)Buildings –$ 12,230

n)Land Improvement – $17,750

o)Land – $13,350

p)Buildings – $3,290

Explanation:

To Identify each item by letter and list the items in columnar form,

a)Other Accounts – $(289,100 )Notes Payable

b)Buildings – $289,100

c)Land – $11,860

d)Land – $7,990

e)Buildings – $9,480

f)Buildings – ($1,580 )

g)Building – $26,400

h)Land – 259,500

i)Land – $9,690

j)Land Improvement – $4,140

k)Land – $10,530

l)Land – ($4,690 )

m)Buildings –$ 12,230

n)Land Improvement – $17,750

o)Land – $13,350

p)Buildings – $3,290

Question 3 4 Marks Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers’ wages, study materials, and gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars. Requirements 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $544 per student. c. Decrease variable costs to $340 per student. d. Decrease fixed costs to $53,040.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $680

Unitary variable cost= $408

Fixed cost= $63,920

To calculate the contribution margin and break-even point in units, we need to use the following formula:

Unitary contribution margin= selling price - unitary variable cost

Break-even point in units= fixed costs/ contribution margin per unit

a:

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 63,920 / 272

Break-even point in units= 235

b:

Unitary contribution margin= 544 - 408= $136

Break-even point in units= 63,920 / 136

Break-even point in units= 470

c:

Unitary contribution margin= 680 - 340= $340

Break-even point in units= 63,920 / 340

Break-even point in units= 188

d:

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 53,040 / 272

Break-even point in units= 195

Hamell Company has gathered the following data on a proposed investment project: Discount rate 8% Life of the project 8 years Initial investment $330,000 Annual cash inflows 54,450 Salvage value 0 Assume that excess of incremental revenues over the incremental expenses (including depreciation) equal the annual cash inflows. The simple rate of return on the proposed investment is closest to: (Round your answer to 1 decimal place.)

Answers

Answer: 16.5%

Explanation:

Following the information given in the question, the simple rate of return on the proposed investment will be calculated thus:

= Annual cash flow / Initial investment

= $54,450 / $330,000

= 0.165

= 16.5%

Therefore, the simple rate of return on the proposed investment is 16.5%.

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of vehicles
Inventory Items Quantity Cost per unit NRV per Unit
Vans 4 27000 25000
Trucks 7 18000 17000
2-door sedans 3 13000 15000
4-door sedans 5 17000 20000
Sports cars 1 37000 40000
SUVs 6 30000 28000
Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks
A) Compute the total cost of the entire inventory.
B) Determine whether each inventory item would be reported at cost or net realizable value (NRV).
C) Prepare necessary journal entry to write down inventory from from close to net realize value.
D) The write-down of inventory from cost to net realizable value reduces total assets and increases total expenses, leading to lower net income and lower retained earnings. True OR False

Answers

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items  Quantity  Reporting Cost/Value

Vans                        4              NRV

Trucks                     7              NRV

2-door sedans        3              Cost

4-door sedans        5              Cost

Sports cars              1              Cost

SUVs                       6              NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items  Quantity    Cost per unit      NRV per Unit      LCNRV

Vans                        4           27000 $108,000      25000        $100,000

Trucks                     7            18000   126,000       17000           119,000

2-door sedans        3           13000     39,000      15000            39,000

4-door sedans        5           17000     85,000     20000            85,000

Sports cars              1          37000      37,000     40000            37,000

SUVs                       6         30000    180,000     28000           168,000

Total Cost                                      $575,000                         $548,000

The journal entry to record direct labor used in process costing is a(n):___________
a. decrease in assets and a decrease in liabilities.
b. increase in assets and an increase in liabilities.
c. decrease in assets and a decrease in equity.
d. increase in assets and an increase in equity.

Answers

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

Work in process Dr

   To wages payable

(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

Food manufacturers prefer to use ________ as a sweetener because it is easy to transport, has good shelf-stability, is low cost, and improves food properties .

Answers

The answer is high-fructose corn syrup.

Food manufacturer prefer to use high Fructose corn syrup as a sweetener because it is easy to transport, has good shelf-stability, is low cost and improves food properties.

What is high fructose corn syrup?

Fructose corn syrup is generally made from corn starch .It is used to sweetened processed food.

What is shelf stability?

Shelf stable food is food that can be stored at room temperature in a sealed container.

To know more about  high Fructose corn syrup here;

 https://brainly.com/question/8393343

#SPJ3

The end-of-period spreadsheet (work sheet) for the current year for Jamal Company shows Balance Sheet columns with a debit total of $570,210 and a credit total of $506,590. This is before the amount for net income or net loss has been included. In preparing the income statement from the end-of-period spreadsheet, what is the amount of net income or net loss?

Answers

Answer:

$63,620

Explanation:

Calculation to determine the amount of net income or net loss

Using this formula

Net income = Total debit - Total credit

Let plug in the formula

Net income=$570,210 -$506,590

Net income=$63,620

Therefore the amount of net income is $63,620

On January 2 Kelly company performed $800 worth of services for a client. The client paid $100 immediately, but promised to pay the balance next month. The journal entry to record this transaction in Calley company's books would include a _____ to the cash account; a _____ to the accounts receivable account and a _____ to the service revenue account.

Answers

Answer:

$100, $700, $800

Explanation:

Calley Journal entries would include:

Debiting $100 to the cash account

Debit the $700 to the receivables account

Credit $800 to the revenue account

This follows the double entry rule that a credit in one account must correspond to at least one debit in another account.

We debit all asset accounts(receivables,cash) when increased and credit all liabilities account when increased. We credit all income account(revenue) when increased and debit all expenses account when increased.

Answer:

Date                 Account Title                                         Debit             Credit

Jan, 2               Cash                                                       $100

                         Accounts Receivable                           $700

                        Service revenue                                                        $800

$100 will be debited to Cash to show that $100 was received. The rest of the bill will go to the Accounts Receivables to shows that it is still owed. Then finally the entire $800 will go to Service revenue to show that services were performed for a client up to $800 worth.

Claire purchases a $125 suit on her credit card from a local clothing store in her hometown. When she takes it home, she realizes it is damaged. She tries to take the product back for a full refund or store credit, but the store refuses. In this situation, ____________________.

Answers

Answer: the store violate TILA

Explanation:

The Truth in Lending Act of 1968 refers to the federal law that's designed in order to promote how the consumer credit will be used as there should be disclosures regarding terms and cost.

The Act is vital in protecting the consumers from misleading practices and provides them with necessary information about the costs of credit. Based on the information given, the store violates TILA.

XYZ is considering two alternatives: repairing a damaged van or selling it as is and buying a comparable used van. Information related to this decision is provided below: Initial cost of the damaged van $30,000 Accumulated depreciation to date on van $18,000 Salvage value of the damaged van $ 1,000 Cost to repair damaged van $ 5,000 Cost of a comparable used van $10,000 Based on the information above, XYZ would be financially better off: Group of answer choices

Answers

Answer:

d. $4.000 by repairing the damaged van.

Explanation:

Options are "a. $1,000 by buying the comparable van. b. $2,000 by buying the comparable van c. $2.000 by repairing the damaged van. d. $4.000 by repairing the damaged van."

Details                                                                   Amount

Cost of comparable used Van                            $10,000

Less: Repair cost                                                  $5,000

Less: Salvage value before repair after crash   $1,000

Benefit from repairing damaged van               $4,000

On January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased asset will revert back to James. The equipment cost James $700,000 and has an expected useful life of six years. Its normal sales price is $700,000. The residual value after four years is $100,000. Lease payments are due on December 31 of each year, beginning with the first payment at the end of the first year. The interest rate is 5%. Calculate the amount of the annual lease payments.

Answers

Answer:

$174,207.19

Explanation:

Amount to be recovered (Fair value) = $700,000.....A

PV of residual value = $100,000 * PVIF of $1(5%, 4) = $100,000 * 0.82270 = $82,270.........B

Amount to be recovered through periodic lease payments = A - B = $700,000 - $82,270 = $617,730

Annual lease payment = Amount to be recovered through periodic lease payments / PV of ordinary annuity of $1(5%, 4)

Annual lease payment = $617,730 / 3.54595

Annual lease payment = $174207.194123

Annual lease payment = $174,207.19

So,  the amount of the annual lease payments is $174,207.19.

The Rosa model of Mohave Corp. is currently manufactured as a very plain umbrella with no decoration. The company is considering changing this product to a much more decorative model by adding a silk-screened design and embellishments. A summary of the expected costs and revenues for Mohave’s two options follows:
Rosa Umbrella Decorated Umbrella
Estimated demand 10,000 units 10,000 units
Estimated sales price $ 8.00 $ 19.00
Estimated manufacturing cost per unit
Direct materials $ 2.50 $ 5.50
Direct labor 1.50 4.00
Variable manufacturing overhead 0.50 2.50
Fixed manufacturing overhead 2.00 2.00
Unit manufacturing cost $ 6.50 $ 14.00
Additional development cost $ 10,000
Required:
1. Determine the increase or decrease in profit if Mohave sells the Rosa Umbrella with the additional decorations.
Rosa umbrella Decorated Umbrella Incremenral
sales revenue
variable cost
contribution margin
additional development cost
differential profit
2. Should Mohave add decorations to the Rosa umbrella?
Yes
No
3-a. Suppose that the higher price of the decorated umbrella is expected to reduce estimated demand for this product to 8,000 units. Determine the increase or decrease in profit if Mohave sells the Rosa Umbrella with the additional decorations.
Rosa Umbrella Decorated Umbrella Incremental
sales revenue
variable cost
contribution marginal
additional development cost
differential profit
3-b. Should Mohave add decorations to the Rosa umbrella?
Yes
No

Answers

Solution :

1. Incremental analysis when the demand for the decorated umbrella is 10,000 units.

[tex]\text{Particulars}[/tex]                 [tex]\text{Rosa umbrella}[/tex]     [tex]\text{Decorated umbrella}[/tex]          [tex]\text{Incremental}[/tex]

[tex]\text{Sales revenue}[/tex]             $80000                 $190000                       $110000

[tex]\text{Less: Variable cost}[/tex]     $ 45000                $120000                       $75000

Contribution                $35000                 $70000                         $35000

[tex]\text{Less: Additional}[/tex]            ---                          $10000                         $10000

development cost.

[tex]\text{Differential profit}[/tex]         $35000                 $60000                        $25000

The company earns an additional profit of [tex]\$25,000[/tex] if it decorates and sells the Rosa umbrella.

2. The company, Mohave should add the decorations to the Rosa umbrella as this would increase the net revenues of the company by an amount of $25,000.

3.a. The demand for he decorated umbrella will fall to 8,000 units due to the higher price. If the company does not make any changes to the Rosa umbrella, it could sell 10,000 units.

The incremental profit or loss is :

Incremental analysis when the demand for the Rosa umbrella is 10,000 units and for the decorated umbrella is 8,000 units is given below:

[tex]\text{Particulars}[/tex]                 [tex]\text{Rosa umbrella}[/tex]     [tex]\text{Decorated umbrella}[/tex]      [tex]\text{Incremental}[/tex]

[tex]\text{Sales revenue}[/tex]            $80,000             $152,000                       $72,000

[tex]\text{Less: Variable cost}[/tex]   $45,000              $96,000                       $51,000

Contribution               $35,000              $56,000                      $21,000

[tex]\text{Less: Additional}[/tex]             ----                    $10,000                        $10,000

development cost.

[tex]\text{Differential profit}[/tex]     $35,000                $46,000                        $11,000

The incremental profits are : $11,000.

3.b. The company should decorate and sell 8000 units of the decorated umbrellas as the increase in the net profit is $11,000.

The CVP income statement Group of answer choices discloses contribution margin in the body of the statement. is distributed internally and externally. classifies costs by functions. will reflect a different net income than the traditional income statement.

Answers

Answer:  discloses contribution margin in the body of the statement.

Explanation:

The Cost Volume Profit (CVP) income statement is made to better show the influence of variable costs and fixed costs on income. It as well shows the effects that changing costs and production volume can have on the income.

Although it shows the same income as a traditional income statement, the format is different in that the contribution margin is included in the statement and the costs and revenue per unit are shown as well.

Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing costs. results in

a. Results in the highest cost of goods sold.
b. Yields the highest net income.
c. Has the lowest tax expense because of reporting the lowest net income.
d. Better matches current costs with revenues,
e. Precisely matches the costs of items with the revenues they generate.

Answers

Answer:

LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.

Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.

a. Results in the highest cost of goods sold. ⇒ LIFO

This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.

b. Yields the highest net income. ⇒ FIFO

Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.

c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO

Reports lowest income due to high cost of goods sold.

d. Better matches current costs with revenues. ⇒ LIFO

LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.

e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.

Uses the exact cost of the inventory so precisely matches costs.

Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 30 $ 58 $ 62 Bats 23 112 80 Shoes 44 103 99 Uniforms 48 44 44 Compute the lower of cost or market for ending inventory applied separately to each product.

Answers

Answer:

Inventory       Units    CPU    MV per unit    Total Cost   Total MV   LCM

Helmets           30        58             62                  1740           1860      1740

Bats                   23        112             80                  2576          1840      1840

Shoes               44        103             99                  4532         4356      4356

Uniforms          48         44              44                  2112            2112       2112  

Inventory Valuation                                                                               10048

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Transaction
i. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
ii. Beth gets a new refrigerator made in the United States Andrewbuys a bottle of Italian wine.
iii. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
iv. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website,

Answers

Answer and Explanation:

The classification is as follows:

i. It is an investment as the employer of andrew spent money for upgrading the system so that the productivity could be increased due to this it will give benefits till the long term

ii. It is a consumption as the product is made in US and the same should be consumed in US only

It is a consumption and imports as the andrews purchased the bottle

iii. It is a government spending as the government used the money for creating the infrastructure that should beneficial for the general public

iv. It is an export as father lived in sweden and the maple syrup should be delivered to the foreign party

If you wanted to build a structure on a river bank, you should build the structure __________ to maximize its lifetime.

Answers

Answer:

Above the point bar

Explanation:

channelization

Straightened sections of the river channel are lined with concrete to increase the rate of flow and reduce bank collapse

Advantages of channelization

Improves rate of flow

Benefits transportation

Reduces bank collapse

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected as the base year. In 2002, the basket's cost was $600; in 2004, the basket's cost was $650; and in 2006, the basket's cost was $700. The value of the CPI in 2004 was:___________

a. 92.3.
b. 106.3.
c. 108.3.
d. 152.0.
e. more than 155.0.

Answers

Answer:

c. 108.3

Explanation:

Calculation to determine what The value of the CPI in 2004 was:

Using this formula

Consumer Price Index (CPI) 2004 = (2004 Basket cost / Base year basket cost) x 100

Let plug in the formula

Consumer Price Index (CPI) 2004 = (650 / 600) x 100

Consumer Price Index (CPI) 2004 = 108.3

Therefore The value of the CPI in 2004 was:108.3

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