Florida Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60% of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20% of sales and are paid during the month of sale. Other operating costs amounting to 25% of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows:
Month Sales
February $440,000
March $450,000
April $480,000
May $500,000
June $510,000
What is the amount of fabric purchases during the month of March?
a. $480,000.
b. $336,000.
c. $288,000.
d. $300,000.

Answers

Answer 1

Answer:

Florida Curtain Works

1. Fabric purchases during the month of March:

c. $288,000.

Explanation:

a) Data and Calculations:

                Month Sales     Cost of Sales  Purchases     Wages  Others

February    $440,000       $264,000       $270,000    $88,000

March        $450,000          270,000         288,000      90,000   $110,000

April           $480,000          288,000         300,000      96,000     112,500

May           $500,000          300,000         306,000     100,000    120,000

June          $510,000         306,000                             102,000    125,000

b) Florida Curtain Works can prepare its budget for the next year by estimating the cost of goods to be sold, the purchases and payments for Fabric during the month based on trade terms, and the wages and other expenses to incur.  The budget helps its management to plan, prepare, exert efforts toward achieving the set targets, and analyze actual performance against budget.


Related Questions

Time Again LLC produces and sells a mantel clock for $150.00 per unit. In​ 2017, 43,000 clocks were produced and 36,000 were sold. Other information for the year​ includes: Direct materials $43.00 per unit Direct manufacturing labor $8.00 per unit Variable manufacturing costs $4.00 per unit Sales commissions $15.00 per part Fixed manufacturing costs $63.00 per unit Administrative​ expenses, all fixed $38.50 per unit What is the inventoriable cost per unit using absorption​ costing?

Answers

Answer:

Unitary cost= $118

Explanation:

Giving the following information:

Production= 43,000

Direct materials $43.00 per unit

Direct manufacturing labor $8.00 per unit

Variable manufacturing costs $4.00 per unit

Fixed manufacturing costs $63.00 per unit

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary cost= 43 + 8 + 4 + 63

Unitary cost= $118

Pizza sells an average of pizzas per​ week, of which ​% are​ single-topping pizzas and ​% are supreme pizzas with multiple toppings. Singles sell for each and incur variable costs of . Supremes sell for each and incur variable costs of . The contribution margin per unit and total contribution margin for Singles and Supremes are

Answers

Answer:

the question is incomplete, so I looked for a similar question:

"Pizza sells an average of 150 pizzas per week, of which 20% are single-topping pizzas and 80% are supreme pizzas with multiple toppings. Singles sell for $8 each and incur variable costs of $2. Supremes sell for $12 each and incur variable costs of $6."

contribution margin for Singles = $8 - $2 = $6

contribution margin ratio for Singles = $6 / $8 = 75%

total contribution margin for Singles = $6 x 150 x 20% = $180

contribution margin for Supremes = $12 - $6 = $6

contribution margin ratio for Supremes = $6 / $12 = 50%

total contribution margin for Supremes = $6 x 150 x 80% = $720

Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is preferred to the reserve aggregates as a policy instrument.

a. True
b. False

Answers

Answer:

False

Explanation:

This is false.

In reporting reserves aggregate there are lags interest rate such as the federal interest rate are quite easy to measure and easily observable. Such short term interest rate are nominal values and they do not measure the real cost of borrowing well. It does not show accurately what happens to Gross domestic product. Real interest rate equals nominal interest rate as a ratio of reduced inflation gives a representation of true cost of borrowing.

We cannot say with certainty that interests rate is a better policy instrument based on the ground of measurability.

E-tailers, such as Amazon and Expedia, that sell products and services directly to final buyers exclusively over the Internet are known as ________.

Answers

Answer:

E-tailers

Explanation:

E-tailers are also known as e-retailers. Where you can purchase things via the internet.

Glad I could help you!

Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Customer Served Revenue $5,500 Employee salaries and wages $46,300 $1,000 Travel expenses $ 500 Other expenses $32,500 When the company prepared its planning budget at the beginning of May, it assumed that 20 customers would have been served. However, 17 customers were actually served during May. The activity variance for "Travel expenses" for May would have been closest to:

Answers

Answer:

Pattison Corporation

Activity Variance for "Travel expenses" for May would have been closest to:

$1,500 Favorable

Explanation:

Data and Calculations:

                           Fixed Element         Variable Element per  

                              per Month              Customer Served

Revenue                                                        $5,500

Employee salaries

 and wages            $46,300                         $1,000

Travel expenses                                             $ 500

Other expenses    $32,500

The Travel Expenses Activity Variance = Actual cost minus budgeted cost

= $8,500 - $10,000

= $1,500 Favorable

Actual travel expenses = ($500 x 17)

= $8,500

Budgeted travel expenses =  ($500 x 20)

= $10,000

Pattison Corporation's activity variance for Travel Expenses for the month of May is the difference between the actual travel expenses and the budgeted travel expenses.  The budgeted expenses are based on budgeted number of customers served in May while the actual expenses are based on actual number of customers served in May.

Skysong, Inc. reports the following liabilities (in thousands) on its December 31, 2020, balance sheet and notes to the financial statements. Accounts payable $4,392.0 Mortgage payable $6,845.0 Unearned rent revenue 1,650.0 Notes payable (due in 2023) 351.0 Bonds payable 2,003.0 Salaries and wages payable 651.0 Current portion of mortgage payable 2,228.0 Notes payable (due in 2021) 2,584.0 Prepare the liabilities section of Skysong’s balance sheet as at December 31, 2020.

Answers

Answer:

Skysong, Inc.

Liabilities section

Current liabilities:

Accounts payable $4,392Salaries and wages payable $651Unearned rent revenue $1,650Mortgage payable $2,228Notes payable $2,584Total current liabilities                               $11,505

Long term liabilities:

Mortgage payable $4,617 Notes payable (due in 2023) $351Bonds payable $2,003Total long term liabilities                             $6,971

Total liabilities:                                                                 $18,476

12-8. Dealerships for Subaru and other automobile manufacturers keep records of the mileage of cars they sell and service. Mileage data are used to remind customers of when they need to schedule service appointments, but they are used for other purposes as well. What kinds of decisions does this piece of data support at the local level and at the corporate level

Answers

Answer:

The Dealerships for Sabaru and other automobile manufacturers keeps records of the mileage of cars they sell and service due to various reasons. At the local level, it afford them the opportunity to know the car brand with the highest mileage being used by their customers.

Also, the ability to know the brand of car with least requirement for servicing. On the other-hand, at the corporate level, the records afford them the opportunity to know the automobile manufacturers which they will keep on trading with under dealership due to feedback from their customers.

Explanation:

The decisions that this piece of data supports at the local level and at the corporate level include the car that requires the least servicing.

From the complete information, it should be noted that the dealerships for Sabaru and other automobile manufacturers keep records of the mileage of cars they sell and service.

This can be pivotal in order to know the car brand with the highest mileage being used by their customers. Also, it's important to know the brand of car with the least requirement for servicing. At the corporate level, it's vital to know the automobile manufacturers that they'll continue trading with.

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Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $22.31 and a 95% confidence interval of [$20.5051, $24.2091]. Which of the following statements is a valid explanation of the confidence interval.
A) 95% of all taxi fares are between $20.51 and $24.21.
B) We are 95% confident that a randomly selected taxi fare will be between $20.51 and $24.21.
C) The mean amount of a taxi fare is $22.31, 95% of the time.
D) We are 95% confident that the average taxi fare between Logan Airport and downtown Boston will fall between $20.51 and $24.21.

Answers

Answer: D) We are 95% confident that the average taxi fare between Logan Airport and downtown Boston will fall between $20.51 and $24.21.

Explanation:

The Confidence interval allows one to speculate between which values the average of a population will be. In a 95% confidence interval, this means that we are 95% certain that the average value of a variable will be between the higher and lower limits set by the interval.

The 95% confidence interval here has an upper limit of  $24.2091 and a lower limit of $20.5051 for taxi fares from Logan Airport to downtown Boston. This means that with a 95% certainty, the taxi charge from Logan Airport to downtown Boston will be between these 2 charges so you can expect to pay an amount between them.

You short-sell 200 shares of Rock Creek Fly Fishing Co., now selling for $50 per share. If you want to limit your loss to $2,500, you should place a stop-buy order at ____. A. $37.50 B. $62.50 C. $56.25 D. $59.75

Answers

Answer:

The answer is B. $62.5

Explanation:

A stop order is an order to either buy or sell a stock immediately the stock price reaches a certain price. This particular price is called stop price.

A buy stop order is an order to buy a stock immediately the its price reaches a certain stop price. When stop price is above the current market price, a buy stop order is made.

Let's now go back to the question;

Stop buy order will be placed at:

($2,500 / 200 shares) + $50

= $12.5 + $50

= $62.5

On December 31, 2016, when its Allowance for Doubtful Accounts had a debit balance of $1,432, Sunland Company estimates that 9% of its accounts receivable balance of $105,900 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2017, Sunland Company determined that B. Jared’s account was uncollectible and wrote off $1,091. On June 12, 2017, Jared paid the amount previously written off.Required:Prepare the journal entries on December 31, 2016, May 11, 2017, and June 12, 2017.

Answers

Answer: Please see explanation column for answers

Explanation:

1) To record bad debts expense

Date                   Account                         Debit              Credit

Dec 31, 2016   Bad Debt Expense      $10,963  

   Allowance for doubtful account                               $10,963

Calculation ;

Bad debts expense

9% x $105,900 = $9,531

Adjustment= $9,531 + debit balance of $1,432=$10,963

2) To write off uncollectible accounts receivables

Date                   Account                                     Debit              Credit

May 11, 2017   Allowance for doubtful account     $1,091.

      Accounts receivable---  B. Jared                                             $1,091.  

3)  To reinstate accounts accounts previously written off

Date                   Account                                             Debit              Credit

June 12, 2017   Accounts receivable---  B. Jared       $1,091.

      Allowance for doubtful account                                                  $1,091.  

3b)to collect cash from receivables

Date                   Account                          Debit              Credit

June 12, 2017  Cash                              $1,091.  

 Accounts receivable---  B. Jared                                 $1,091.

       

Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic.Activity Expected Costs Expected Activity Handling materials $625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 orders Paying suppliers 175,000 500 invoices Insuring the factory 300,000 40,000 square feet Designing packaging 75,000 2 modelsAssume that the following information is available for the company’s two products for the first quarter of 2017.Production volume 10,000 units 30,000 unitsParts required 20,000 parts 30,000 partsBatches made 250 batches 100 batchesPurchase orders 50 orders 20 ordersInvoices 50 invoices 10 invoicesSpace occupied 10,000 sq. ft. 7,000 sq. ftModels 1 model 1 modelRequired:Compute activity rates for each activity and assign overhead costs to each product model using activity-based costing (ABC). What is the overhead cost per unit of each model?

Answers

Answer:

I can't understand this type of questions

Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30 Issued a $108,000, 30-day, 6% note dated April 30 to Misner Co. on account. May 30 Paid Misner Co. the amount owed on the note dated April 30. If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.

Answers

Answer and Explanation:

The journal entries are shown below:

a. Account payable Dr $108,000

         To note payable $108,000

(Being the issuance of the note is recorded)

b. Note payable Dr $108,000

  Interest expense Dr $540  ($108,000 × 30 days ÷ 360 days × 6%)

               To cash $108,540

(being the note payable and the interest expense is recorded)

Which of the following promises is subject to the "strict performance" standard? Assume that performance of the promise is not an express condition of the promisee's duty to perform. cousrse hero

Answers

Answer:

A promise to deliver a deed

Explanation:

The term, 'strict performance' is used to describe a contract between two parties. A contract is an agreement between two parties, and it is legally binding. When discharging contracts involving services, 'substantial performance' is required. For example, if I tell a painter to paint my house blue except for the kitchen and storeroom which should be painted white, and he does accordingly but failed in painting the kitchen white, he has performed substantially even though there was a minor breach. The consequences of which would be borne by him.

'Strict performance' is required in contracts where the terms are stated in express terms and the standards are very high. A 'deed' is such a contract because it is a document specifying the legal rights of a person or the ownership of a property. It requires the signatures of the two parties. Therefore, strict performance and adherence to the contractual deed are required.

Spruce Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 24 pounds. The company uses a standard cost of $2.20 per pound of clay. Spruce produced 3,000 planters in May. In that​ month, 75,000 pounds of clay were purchased and used at the total cost of $162,000 Read the requirementsLOADING.... Requirement 1. Calculate the direct material price variance. Begin by determining the formula for the price​ variance, then compute the price variance for the direct materials. ​(Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable​ (F) or unfavorable​ (U). Abbreviations​ used: DM​ = Direct​ materials)

Answers

Answer:

1. $3,000 Favorable

2. $6,600 Unfavorable.

Explanation:

This is an incomplete question. However, the completed part is question number 2, which has been solved below.

1. Direct material price variance

= (Actual price - Standard price) Actual quantity

= ($2.16 - $2.20) × 75,000

= -$0.04 × 75,000

= $3,000 Favorable

Note: Actual price is gotten by; $162,000 / 75,000

= $2.16

2. Direct material quantity variance

= (Actual quantity - Standard quantity) × Standard price

= (75,000 - $72,000) × $2.20

= 3,000 × $2.20

= $6,600 Unfavorable

Note: Standard quantity is gotten by;

24 × 3,000

= 72,000

7. Ms. House utilizes a strategy of "Check 1 – 2- 3". Why does she do this? How do you think this was initially taught?

Answers

Explanation:

To get her student's attention. Remember, the check 1 2 3 strategy allows teachers to get an inside into the students understanding.

However, in this scenario, Ms. House uses the strategy to lower her student's voices, so as to get their attention. She likely started using this strategy at the start of the school year and kept doing it.

If a company has the following data, is the budget variance favorable or unfavorable? Budgeted Sales $10,000 Actual Sales. $8,000

Answers

Answer:

$2,000 unfavorable

Explanation:

The computation of the budget variance is shown below:

Budget variance is

= Budgeted sales - actual sales

where,

Budgeted sales is $10,000

And the actual sales is $8,000

Now placing these values to the above formula

So, the budget variance is

= $10,000 - $8,000

= $2,000 unfavorable

Since the actual sales is less than the budgeted sales so the same is to be unfavorable else it is favorable

Question 59 of 83 Project M requires an initial investment of $25 million. The project is expected to generate $2.25 million in after-tax cash flow each year forever. Calculate the IRR for the project. 10% 9% 8% 7%

Answers

Answer:

9%

Explanation:

In order to calculate the internal rate of return (IRR) for a project that yields cash flows perpetually, we need to divide the yearly cash flow by the project's initial outlay:

IRR = $2,250,000 / $25,000,000 = 0.09 = 9%

The IRR represents the discount rate at which the project's net present value (NPV) equals 0.

A company incurs $4,050,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2,000 purchase orders, works 50,000 mixing hours, and performs 1,500 tests per year in producing 200,000 drums of Goo and 600,000 drums of Slime. The following data are available: Department Expected use of Driver Cost Ordering and Receiving 2,000 $1,200,000 Mixing 50,000 1,500,000 Testing 1,500 1,350,000 Production information for Goo is as follows: Department Expected use of Driver Ordering and Receiving 400 Mixing 20,000 Testing 500 Compute the amount of overhead assigned to Goo. $2,760,000.

Answers

Answer:

$1,290,000

Explanation:

Goo:

Ordering and Receiving = 400 / 2,000 = 20%

Mixing = 20,000 / 50,000 = 40%

Testing = 500 / 1,500 = 33.33%

allocated overhead costs:

Ordering and Receiving = 20% x $1,200,000 = $240,000

Mixing = 40% x $1,500,000 = $600,000

Testing = 33.33% x $1,350,000 = $450,000

total allocated overhead costs = $1,290,000

IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000. IP Company has a beginning loan balance of $12,000.
The ending loan balance is:________.

Answers

Answer: $7,000

Explanation:

From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.

The ending loan balance will be:

= $20,000 + $12,000 - $25,000

= $32,000 - $25,000

= $7,000

A consumer plays the role of:


A)a wage earner.

B)a saver.

C)a borrower.

D)All of these choices are correct.

Answers

Answer:

c) borrower

Explanation:

A consumer plays the role of a borrower. The consumer is the important role in the economy. Thus, option (c) is correct.

What is consumer?

The term “consumer” means purchasing a product or service for the purpose of personal use. The consumer are consumed the product and services. The consumer are buying the product and services with exchange of money.

According to the role of the consumer are the played in the significant role of the economy. The business are the sale of the goods and the services are the borrower are the paid the money to the business. The economy cycle was the continue run.

As a result, the consumer plays the role of a borrower. The consumer is the significant role in the economy. Therefore, option (c) is correct.

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Assume that your parents wanted to have a 170,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 6.5% per year on their investmenets.Required:a. How much would they have to save each year to reach their goal?b. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?

Answers

Answer:

a. They will have to save $5,245.28 each year to reach their goal of $170,000.

b. They will have to save $925.63 less to reach their new goal of $140,000.

Note: The answer to part b is based on the information in the question. Therefore, the correct answer is "they will have to save $925.63 less" not  "save more" as suggested in the question. Kindly confirm this from your teacher.

Explanation:

a. How much would they have to save each year to reach their goal?

Since the saving started on your first birthday to have $170,000 saved, it implies the saving will be on your every birthday for 18 years. Therefore, the relevant formula to use to determine this is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV = Future value of the amount after your 18th birthday = $170,000

M = Yearly saving to have $170,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M, we have:

$170,000 = M * {[(1 + 0.065)^18 - 1] / 0.065}

$170,000 = M * 32.4100673759666

M = $170,000 / 32.4100673759666

M = $5,245.28

Therefore, they will have to save $5,245.28 each year to reach their goal of $170,000.

b. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?

First, we have to calculate how much they will save each year, by also using the Future Value (FV) for calculating an Ordinary Annuity as follows:

FVn = Mn * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV1 = New future value of the amount after your 18th birthday = $140,000

M1 = New yearly saving to have $140,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M1, we have:

$140,000 = M1 * {[(1 + 0.065)^18 - 1] / 0.065}

$140,000 = M1 * 32.4100673759666

M1 = $140,000 / 32.4100673759666

M1 = $4,319.65

Therefore, they will have to save $4,319.65 each year to reach their goal of $140,000.

To obtain difference in yearly savings, we have:

Difference in yealy saving = M - M1 = $5,245.28 - $4,319.65 = $925.63

Since $5,245.28 each year to reach their goal of $170,000 is greater than $4,319.65 each year to reach their goal of $140,000, it therefore implies that they will have to save $925.63 less to reach their new goal of $140,000.

The federal gas tax has been stuck at 18.4cents¢ a gallon since 1993.​ Today, Americans are driving fewer​ miles, and vehicles have become more​ fuel-efficient. Less gas consumption means less​ gas-tax revenue to repair the​ nation's roads. ​Source: Bloomberg News​, July​ 17, 2014 Would a tax per mile driven by more efficient or less efficient than a tax per gallon of​ gasoline? Which tax would be more​ regressive? Explain your answers.

Answers

Answer:

1. A Tax per mile driven would be more efficient than a tax per gallon of gasoline.

2. A tax per gallon of gasoline is more regressive.  The tax is based on a fixed dollar per gallon since 1993.  instead of being based on a percentage per the price of gasoline per gallon.  With the current rate, the price of gasoline per gallon may even be less than the tax.  One can then ask, "what is the purpose of the tax?"  Is the tax a road tax or a per gallon use tax?

Explanation:

When the federal gas tax remains at 18.4 cents per gallon for a very long period, the tax can be described as regressive as it does not take into consideration the trend that Americans are driving fewer miles, and vehicles have become more fuel-efficient.  This means that the gas tax is not fit for purpose.  If its purpose is to generate revenue for road repairs, then instead of a gallon tax, government should institute a road use tax.

Assuming a bottom-up process of budget development, which of the following should be initially responsible for developing sales estimates?

a. The budget committee.
b. The accounting department.
c. The sales department.
d. Top management.
e. The marketing department.

Answers

Answer: The Sales Department

Explanation:

In budgeting, a bottom-up approach simply means that each head of department in the organization create a budget that'll be sent upwards for approval.

Assuming a bottom-up process of budget development, the sales department should be initially responsible for developing sales estimate.

7.. Getaway Travel Company reported net income for 2021 in the amount of $50,000. During 2021, Getaway declared and paid $2,000 in cash dividends on its nonconvertible preferred stock. Getaway also paid $10,000 cash dividends on its common stock. Getaway had 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on July 1, 2021. A 2-for-1 stock split was granted on July 5, 2021. What is the 2021 basic earnings per share

Answers

Answer:Earnings per share fOR 2021= 0.53

Explanation:

Earnings per share =Total earnings available to shareholders(Net income - preferred dividends )/Weighted Average Outstanding  shares

Net income = $50,000

preferred dividend= $2,000

Total earnings available to common shareholders = $50,000 - $2000= $48,000

using a 2-1 stock spilt , outstanding shares= 40,000  x 2  + 10,000 x 6/12(jan- 1st july ) x 2 = 80,000 + 10,000 = $90,000

Earnings per share = $48,000/ $90,000 =0.53

Discuss three major factors that contribute to an employee's decision to join a union. Discuss the five reasons that have contributed to the trend of decline in unionization g

Answers

Answer:

The answer is below

Explanation:

Three major factors that contribute to an employee's decision to join a union.

1. Greater Bargaining Power

As an individual employee, it can be difficult to negotiate for wage increase or better working condition generally. However, being a member Union, together the group can negotiate and demand for what they feel is right for their members. In a rare occasion, the threat of a strike by a Union is a great tool to bargain well with the employer.

2. Minimize Discrimination

As a Union, it is easier to demand for equality in terms of wage, working condition, promotion, leave etc. Unlike individual employee, who may be facing discrimination from his or her supervisor as to employee related issue. Union can ensure the management used the right policies that seek for equality among all its employees without favoritism or discrimination.

3. Sense of Security

An employee may join the Union on the basis that, Union can save them against abrupt dismissal or other types of work insecurities including accident, injury, illness etc.

Also, Union can help secure retirement benefits and ensure the management improve on the employees' welfare generally.

Five reasons that have contributed to the trend of decline in unionization

1. Irrelevance appearance of the Union:

Many workers believe that Union is not necessary because in the time of economic boom, getting wage increase and other working benefits can be gotten be individual employee and not necessarily through a Union, and at the same time, during economic downturn, unions often times don't have the capacity to protect their members from layoffs, wage and benefit reductions and tougher working conditions.

2. Poor Image of the Union:

Many employers and employees tend to view union with negativity, in the sense that, often times, their demands can be unreasonable, and are characterized by issue of labor racketeering, mob influence and embezzlement.

3. Unions are Seen as Political:

For some employees, they believe that Union tend to use their money or Union dues to support a political candidate. This in turn has made some employees who are neutral, not wanting to join the Union.

4. Reliance on goverment:

Many employees now believe that, government, not Union gives better form of security and voice to air their opinions. These includes pensions, healthcare, protection.

5. Global competition and deregulation in Unionized industries:

Since most of the companies or industries that have union has been deregulated, this has increased its competition, there by, making the need for union not really necessary, because with or without Union, one may still faces sack.

Nichols, Inc. has 1,000 shares of 4%, $100 par value, cumulative preferred stock and 75,000 shares of $1 par value common stock outstanding at December 31 of the current year and has declared a dividend for the year. What is the annual dividend that will be paid to the preferred stockholders

Answers

Answer: $20,000

Explanation:

The dividends due to preferred stock are fixed and quoted on the preference shares.

The above shares are to get 4% of their par value in dividends.

= (4% * 100) * 5,000 shares

= $20,000

A yearly dividend is a the price paid per share of funds by the firm to its stockholders.

The yearly dividend that will be paid to the elected stockholders will be $20,000

It can be determined by using the formula:

[tex]= \text{Monthly Shares} \times \text{Number of payments per year}[/tex]

The above shares are to get 4% of their par price in interests:

[tex]= (4\% \times 100) \times 5,000 \; \text{shares}[/tex]

= $20,000

Therefore, $20,000 will be paid to the stockholders.

To learn more about the annual dividend follow the link:

https://brainly.com/question/18687546

The government wants to set the socially optimal level of nitrogen runoff, and government regulators believe that the actual marginal benefit of pollution (MBP) is given by the estimated MBP curve. The deadweight loss associated with a quota is _____, w

Answers

Answer:

Hello your question is incomplete attached below is the complete question

Explanation:

Dead weight loss = 0.5 [( Δp ) * ( ΔD ) ]

D = DEMAND

P = PRICE

DWL with quota = 0.5 [ ( $10 -$6 ) * (12 - 8 ) ]

                           = 0.5 ( 4*4 ) = $8

DWL with pigouvian tax  = 0.5 [ ($10- $6 )*(9 - 8 ) ]

                                         = 0.5 [ 4 * 1 ] = $2

The budget philosophy that ignores budget outcomes and focuses on whatever is necessary to achieve economic goals and stabilize the economy is: g

Answers

Answer:

functional finance.

Explanation:

The budget philosophy of functional finance implies that the government should do all that is necessary in order to make the economy operate at full potential. The outcomes of whatever budget preparations are ignored in philosophy of functional finance. What is most paramount is to focus on whatever that would bring growth and stability to the economy.

In the philosophy of functional finance, what is most important about balancing the federal budget is its use to promote an economy so that it can operate at full potential.

Some 150 million customers a month visit Amazon and the company passes through $160 billion in sales via its global supply channels and partnerships making interorganizational relationships very important to the company. Which interacting organization has a low coordination, low integration, transactional focus

Answers

Answer with Explanation:

Amazon is fastest growing company in the world which has crossed 2 billion customer visits. It has also increased the worth of the company to $1.14 trillions. The supply chain management is where the strengths of the company lies and nobody can match the pricing strategy, quality management and other significant factors that are included in the supply chain management to ensure that the customer is having what they are paying for.

Supply chain management process includes the key partners which includes their suppliers, partners, clients and customers as well who play important roles in the supply chain process by coordinating, integrating systems with each other and are involved in the transaction-al process.

The customers are the one who interact fewer than partners, suppliers, clients, etc because all they do is order a particular product. This is the first interaction of the customer with Amazon and the last interaction is when the customer received the order. So this means they are less interacting party in this process.

Suppliers are continuously contacted and informed about the pricing, supply chain issues, etc so that the company is able to deliver its customers what they are desiring. Supply chain partners also in the process of interacting with Amazon as they have to move products from supplier to the customer. These partners are highly interacted, possess integrating systems and of transaction-al importance to the company.

Gilley Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Gilley paid dividends of $.90 per share on the common stock and $3.00 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2015 was $600,000 and the income tax rate was 30%.

Diluted earnings per share for 2015 is:_____________ (rounded to the nearest penny)

Answers

Answer:

Gilley Co.

Diluted earnings per share for 2015 is:_____________ $1.68

Explanation:

a) Data and Calculations:

Number of common stock shares = 200,000

Number of convertible preferred = 40,000

Number of convertible bonds = 45,000 ($1,000,000/$1,000 x 45)

Total shares = 285,000

Earnings = $600,000

Income tax  (180,000)

Net Income $420,000

Plus preferred dividend = $60,000

Adjusted net income = $480,000

EPS = $480,000/285,000

= $1.68

b) After deducting income tax expense to arrive at the income after tax, then add the dividends of preferred stockholders before arriving at the adjusted net income for computing the earnings per share.

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