Kenneth Clark is saving for an Australian vacation in three years. He estimates that he will need $4,970 to cover his airfare and all other expenses for a week-long holiday in Australia. If he can invest his money in an S&P 500 equity index fund that is expected to earn an average annual return of 11.4 percent over the next three years.

Required:
How much will he have to save every year if he starts saving at the end of this year?

Answers

Answer 1

Answer:

$1481.37

Explanation:

Annual savings = future value / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

[(1.114)^3 - 1 ] / 0.114 = 3.3549996

$4,970 / 3.3549996 = $1481.37


Related Questions

Clem is married and is a skilled carpenter. Clem’s wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem’s expenses that are deductible for AGI this year (if any) under the following independent circumstances:___________a) Clem is self-employed and this year he incurred $525 in expenses for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $3,600 to provide coverage for herself and Clem (not through an exchange).b) Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred expenses of $1,250 in utilities and $780 in depreciation.c) Clem paid self-employment tax of $15,300 (the employer portion is $7,650), and Wanda had $3,000 of Social Security taxes withheld from her pay.d) Clem paid $45 to rent a safe deposit box to store his coin collection. Clem has collected coins intermittently since he was a boy, and he expects to sell his collection when he retires.

Answers

Answer:

A. $4,125

B. $2030

C. $9650

D. $0

Explanation:

Calculation to determine the amount of Clem’s expenses that are deductible for AGI this year

A. AGI=Tools and supplies + Health insurance

AGI=$525+$3600

AGI=$4125

Therefore the amount of Clem’s expenses that are deductible for AGI this year is $4125

B. AGI=Tools and supplies +Health insurance ar

AGI=$1,250 +$780

AGI=$2030

Therefore the amount of Clem’s expenses that are deductible for AGI this year is $2030

C. Based on the information given, the EMPLOYER PORTION of the amount of $7,650 will be the EMPLOYER PORTION of the self-employment tax is deductible.

D. Based on the information given The amount of Clem’s expenses that are deductible for AGI this year is $0 reason been that The safe deposit fee is an ITEMIZED DEDUCTION .

Consider the case of a good with external benefits. If you plant trees in front of your house, the neighborhood is more attractive, and trees create shade, provide oxygen, and a home for birds and squirrels. Thus, the benefits to society are greater than the benefits to you. If the planting of trees is a private choice, you will plant too few trees relative to the socially optimal quantity, because the private value to you is less than the social value.

1. Which of the following would not help to correct this problem?
a. Subsidize consumer purchases of trees to plant.
b. Tax homeowners who plant trees.
c. Subsidize nurseries that sell trees for planting.
d. Have the government provide trees to homeowners.
e. All of the above would help to correct the problem.

2. If the government pays for a program to increase the planting of trees, who will win and lose from the program?

Answers

Answer:

1. b. Tax homeowners who plant trees.

2. Win - society and consumer

   Loose - tax payers and producers.

Explanation:

1. a). If the good creates a positive externalities, then the [tex]\text{private benefits from the good are less than the social benefits}[/tex] from the good.

In the context, the following would not help to correct the problem :

Taxing the homeowners who plant the trees.

If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.

2. If the government pays for the program that helps to increase the planting the trees, then,

the one who will win from this program is : society and the consumers

the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.

Which of the following statements is more descriptive of active data warehouses in contrast with traditional data warehouses?A) strategic decisions whose impacts are hard to measure.B) detailed data available for strategic use only.C) large numbers of users, including operational staffs.D) restrictive reporting with daily and weekly data currency.

Answers

Answer: large numbers of users, including operational staff

Explanation:

Active Data Warehousing refers to the technical ability that can be used in the capture of transactions when change occurs and then integrating them into the warehouse.

The traditional data warehouses uses on-premise IT resources like software and servers in order to deliver Data Warehouse functions.

The statement that's more descriptive of active data warehouses in contrast with traditional data warehouses is the large numbers of users, including operational staff.

Answer:

.C) large numbers of users, including operational staffs

Explanation:

The traditional Data Warehouse works through the

availability of on-premise IT resources like servers as well as software to carry out Data Warehouse functions. All firms that runs on-premise Data Warehouses needs to manage their infrastructure effectively.

Active Data Warehouse can be regarded as type of ware house that requires technical ability which involves capturing of transactions whenever they change,then integrate them back into the warehouse as well as maintaining batch or scheduled cycle refreshes

It should be noted that in description of

active data warehouses in contrast with traditional data warehouses there is large numbers of users, including operational staffs.

how van an oligopoly cause market failure (8)​

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.

Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.

Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.

The automobile industry is mostly associated with an oligopoly.

When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.

According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left school early and did not complete their education what would probably be the results for that country?
a. Average income in the country will see significant increases.
b. There would be both a human and economic loss.
c. The economic status of the country would continue to rise.
d. More technological breakthroughs would happen in this country.

Answers

Answer:

b. There would be both a human and economic loss.

Explanation:

In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily

Therefore the option b is correct

A stock has a market price of $25 and a standard deviation of returns of 24 percent. The $25 call option matures in 4 months and the risk-free rate is 2.89 percent. N(d1) is .555198 and N(d2) is .500096. What is the value of the call option per share of stock

Answers

Answer:

$334.38

Explanation:

Use the following formula to calculate the value of call option

Value of call option = ( N ( [tex]d_{1}[/tex] )  S ) - N ( [tex]d_{2}[/tex] ) K [tex]e^{rt}[/tex]

Where

S = $25

N(d1) = 0.555198

N(d2) = 0.500096

K = 25

r = 2.89%

t = 4/12 = 0.3333

Placing values in the formula

Value of call option = ((0.555198 x $25 ) x $25) - ( 0.500096 x $25 ) x 1.00967891

Value of call option = $346.99875 - $12.62340

Value of call option = $334.37535

Value of call option = $334.38

Emily and Betsey are economists. Emily thinks that the wealthiest 10 percent of the U.S. population should be taxed a rate higher than the rest of society because they can better afford it. Betsey thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, Emily and Betsey:______

Answers

Answer: b. have different normative views about tax policy.

Explanation:

Economists follow different theories and principles on how the world should be so most times they will disagree with each other on key issues such as taxation and government intervention in markets.

Emily and Betsy both believe in different taxation policies which means that they have different views on how people should be taxed in an economy with one of them believing in a proportional tax regime (Betsey) and the other believing in a progressive tax regime (Emily).

Link Co. purchased machinery that cost $3,000,000 on January 4, 2019. The entire cost was recorded as an expense. The machinery has a nine-year life and a $200,000 residual value. The error was discovered on December 20, 2021. Before the correction was made, and before the books were closed on December 31, 2018, retained earnings was understated by:__________

a. $3,000,000.
b. $2,066,667.
c. $2,377,778
d. $2,333,333.

Answers

Answer:

See below

Explanation:

What are the purchase goods for cash Rs. 12,000 and for credit Rs. 8,000 (journal entries)?

Answers

Explanation:

Journal entries

Books of (----- LTD)

Particular                             Amount            Amount

Purchase     A/c Debit         20,000

Cash            A/c Credit                                12,000

Creditor       A/c Credit                                 8,000

(Being goods purchase on cash and credit)

Based on your understanding of the involvement of investment banks in an IPO, complete the following statements. If the investment bank guarantees the sale of the securities, the issue is___________ . The investment bank must pay the issuing firm within ________days of the official start of the offering. If more than one stock offering investment bank is involved in the IPO, the deal is referred to as ___________stock offering.
After the SEC approves the registration statement for the IPO, the biggest responsibility for the issuing company and the investment bank becomes ensuring that the determined number of securities is sold and the firm is able to raise the intended amount. The IPO team-including the investment bankers, senior management team, lawyers, and investor relations team-conducts various activities. Which of the following statements are true about the activities involved in the IPO process?
a. The investment banker estimates the potential demand for the securities by recording the number of shares that each investor is willing to buy. This is called book-building.
b. The IPO team goes on a roadshow, making presentations to institutional investors selected by the underwriter.
c. If investors are willing to purchase more shares than are available, the IPO is considered to be oversubscribed.
d. During the roadshow, the IPO team can divulge additional information to institutional investors that is not given in the registration statement to lure the institutional investors.

Answers

Answer:

a. If the investment bank guarantees the sale of the securities, the issue is underwritten. The investment bank must pay the issuing firm within 4 days of the official start of the offering. If more than one stock offering investment bank is involved in the IPO, the deal is referred to as underwriter syndicate stock offering.

b. True Statements.

a. The investment banker estimates the potential demand for the securities by recording the number of shares that each investor is willing to buy. This is called book-building.

b. The IPO team goes on a roadshow, making presentations to institutional investors selected by the underwriter.

c. If investors are willing to purchase more shares than are available, the IPO is considered to be oversubscribed.

Book building is a process that allows investment banks to estimate the potential demand for the shares by finding out the number of shares that investors are willing to buy.

They do this after going on a roadshow where they essentially advertise the IPO to institutional investors. If these investors are willing to buy more shares that is available, they are oversubscribing.

what is the 4P of marketing

Answers

Answer:

The 4Ps of marketing is a model for enhancing the components of your "marketing mix"price, product, promotion, and place

Explanation:

hope it help

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Globe Manufacturing Company has just obtained a request for a special order of 12,000 units to be shipped at the end of the current year at a discount price of $7.00 each. The company has a production capacity of 90,000 units per year. At present, Globe is only selling 80,000 units per year through regular channels at a selling price of $11.00 each. Globe's per unit costs at an 80,000 unit level of production and sales are as follows:

Variable manufacturing expenses $4.60
Fixed manufacturing expenses $1.80
Variable selling and administrative expenses $1.00
Fixed selling and administrative expenses $0.45

Variable selling and administrative expense will drop to $0.30 per unit on the special order units. The special order has to be taken in its entirety. This means that by accepting the special order, Globe will be forced to not sell 2,000 units to its regular customers.

Required:
If Globe accepts this special order, by what amount will its net operating income increase or decrease?

Answers

Answer:

Globe Manufacturing Company

f Globe accepts this special order, its net operating income will decrease by:

= $19,300.

Explanation:

a) Data and Calculations:

Special order units = 12,000

Special order price = $7.00 each

Annual Production Capacity = 90,000 units

Annual Sales Units = 80,000

Normal selling price = $11

Per unit costs at 80,000 units level:

Variable manufacturing expenses $4.60

Fixed manufacturing expenses $1.80

Variable selling and administrative expenses $1.00

Fixed selling and administrative expenses $0.45

Variable manufacturing expenses $4.60 * 12,000 = $55,200

Fixed manufacturing expenses $1.80 * 10,000 = $18,000

Variable selling and administrative expenses $0.30 * 12,000 = $3,600

Fixed selling and administrative expenses $0.45 * 10,000 = $4,500

Lost revenue from non-sale of 2,000 at $11 = $22,000

Total costs of special order = $103,300

Sales revenue from special order = $84,000 ($7 * 12,000)

The net operating income will decrease by $19,300 ($103,300 - $84,000)

For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period.-interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $ Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar.
Present Value Annuity Amount i = n =
1. ___________ $2,600 8% 5
2. 507,866 135,000 ___ 4
3. 661,241 170,000 9% ____
4. 540,000 78,557 ___ 8
5. 230,000 _____________ 10% 4

Answers

Answer:

Following are the solution to the given question:

Explanation:

For point 1:

[tex]Annuity\ Amount= \$2,600\\\\i=8\%\\\\n=5\\\\Present\ Value=?[/tex]

Our table shows that the factor is equal at 3.99271 for 8 percent and 5 periods. In addition to this, the present value is $10,381 dollars in the annuity.

For point 2:

[tex]Present \ Value=507,866\\\\ Annuity \ Amount= 135,000\\\\ i =?\\\\n =4[/tex]

[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]

[tex]507,866 = 135,000 \times PVOA \ Factor\\\\\frac{507,866}{135,000} = PVOA \ Factor\\\\3.76197 = PVOA\ Factor[/tex]

When looking at our n=4 row table, we notice that perhaps the factor of PVOA is equal to 3,56197 whenever the rate is equal to 2,5%.

For point 3:

[tex]Present\ Value=661,241\\\\ Annuity\ Amount= 170,000\\\\ i = 9\% \\\\n =?[/tex]

[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]

[tex]661,241 = 170,000 \times PVOA\ Factor \\\\\frac{661,241}{170,000} = PVOA \ Factor\\\\3.88965 = PVOA \ Factor[/tex]

If you really are looking at our table in column i = 9%, we found PVOA is 3.88965 if n is 5.

For point 4:

[tex]Present\ Value= 540,000 \\\\Annuity \ Amount=78,557\\\\ i = ?\\\\n =8[/tex]

[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]

[tex]540,000 = 78,557 \times PVOA\ Factor\\\\\frac{540,000}{78,557} = PVOA \ Factor\\\\6.873989 = PVOA \ Factor[/tex]

If you verify our table for n = 8 lines, the PVOA factor is approximately 6.87399 when the rate of interest is 3.5 percent.

For point 5:

[tex]Present\ Value=230,000\\\\ Annuity\ Amount=?\\\\ i =10\%\\\\ n =4[/tex]

The PVOA factor is 3.16997 when we search our table with i = 10% and n = 4.

[tex]230,000 = Annuity \ Amount \times 3.16987\\\\\frac{230,000}{3.16987} = Annuity\ Amount\\\\72,558 = Annuity\ Amount\\\\annuity\ total= \$72,558.[/tex]

You took ACC111 where the Owner's Equity section consisted of Capital and Owner's Withdrawals. Now that you've seen the corporate structure of the Owner's Equity section, how do the individual items in the Sole Proprietor's Equity section translate to the Corporate Equity section? For example, Revenues are closed out into Capital for Sole Proprietor, Where does it go for Corporate?

Answers

Answer:

Revenues are closed out to Equity (Retained Earnings) for Corporate.

Explanation:

Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period.  This is more specifically referred to as Net Income.  This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.

The largest item of the Deferred Tax Liability for most companies is caused by:________.
a. providing the allowance for doubtful accounts for book purposes.
b. differences in inventory cost flow assumptions (FIFO vs. LIFO) for tax versus financial accounting purposes.
c. differences in depreciation methods (accelerated vs. straight-line) for tax versus financial accounting purposes.
d. amortizing bond premium or discount for tax purposes.

Answers

Answer: c. differences in depreciation methods (accelerated vs. straight-line) for tax versus financial accounting purposes.

Explanation:

A Deferred tax liability arises as a result of the tax authorities using a different accounting convention from the business. This leads to a situation where the company records more tax than the tax authorities do so the company will recognize the extra tax as a liability until it is paid.

The main cause of this is the difference in depreciation methods. The tax authorities use an accelerated method which would lead to a lower profit in early years which would translate to a lower tax. The company on the other hand  would use straight line depreciation and calculate a higher tax. The difference is called the deferred tax liability.

I need help with Accounting homework. I am not understanding it

Answers

Answer:

ok

Explanation:

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Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2018, net credit sales totaled $6,300,000, and the estimated bad debt percentage is 1.30%. The allowance for uncollectible accounts had a credit balance of $60,000 at the beginning of 2018 and $49,000, after adjusting entries, at the end of 2018. Required: 1. What is bad debt expense for 2018 as a percent of net credit sales

Answers

Answer:

See below

Explanation:

For 2018, the net credit sales is totalled $6,300,000

Then, the estimated bad debt percentage is 1.30% of $6,300,000

= 1.30% × $6,300,000

= $81,900

Therefore, the bad debt expense for 2018 as a percentage of net credit sales is $81,900

Suppose jess resigns from her low paying job. After looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. According to the U.S. Bureau of Labor Statistics, jess would:____.
A) be considered unemployed.B) be considered employed.C) be considered temporarily unemployed.D) not be considered as a part of the labor force.E) be considered as seasonally unemployed.

Answers

Answer:

D) not be considered as a part of the labor force.

Explanation:

Labour force is defined as a group of individuals in an economy that are either employed or unemployed.

Employed individuals have jobs and are not actively looking for other opportunities.

Unemployed individuals according to the U.S Bureau of Labour Statistics are those that are employed and actively looking for other opportunities or that have no work and are looking jobs.

However in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. She is considered not part of the labour force because she is not actively seeking employment

According to the U.S. Bureau of Labor Statistics, Jess would not be considered as a part of the labor force.

What is the term Labor force about?

Labor force is defined as a group of individuals in an economy that are either employed or unemployed.

Employed individuals have jobs and are not actively looking for other opportunities.

However, in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frustrated and gives up looking for a better paying job. She is considered not part of the labor force because she is not actively seeking employment.

Therefore, correct option is D.

Learn more about Labor force, refer to the link:

https://brainly.com/question/13962639

Luker Corporation uses a process costing system The company had $ 172,500 of beginning Finished Goods Inventory on October 1. It transferred in $ 849,000 of units completed during the period . The ending Finished Goods Inventory balance on October 31 was $ 170,200 . The entry to account for the cost of goods sold in October is

Answers

Answer:

First calculate the Cost of Goods sold:

= Opening Finished goods inventory + Goods transferred in - Closing finished goods inventory

= 172,500 + 849,000 - 170,200

= $851,800

The entry to record this is:

Date                Account Title                                        Debit                 Credit

October 31     Cost of Goods Sold                           $851,800

                        Finished Goods Inventory                                          $851,800

The Real Option Inc. is considering a new project. It believes that each year it would be able to sell 15 units at a $300,000 per-unit after-tax profit (i.e., per-unit operating cash flow) for the next five years. A $14.8 million initial investment will be required at the beginning of the project. The appropriate discount rate is 16 percent.

Required:
Calculate the base-case NPV of this project.

Answers

Answer:

NPV = $10.708 million

Explanation:

The base case NPV is that calculated by discounting the after-tax cash flow by the cost of equity based on  asset beta. The base-case NPV does not consider the financing effect of the any particular finance source used to fund the project.

NPV = PV of cash inflow   - Initial outlay

After-tax cash flow = 300,000×15= 4.5 million

PV of cash inflow = cash inflow × A × (1- (1+r)^(-n)/r

                                4.5 ×( 1- (1.16^-5)/0.16= 25.508 million

NPV = PV of cash inflow - Initial outlay

NPV = 25.508 million - 14.8 million

NPV = $10.708 million

Biden Resorts Company currently has 0.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has $1 million face value of bonds that have five years remaining to maturity and 8 percent coupon with semi-annual payments, and are priced to yield 13.65 percent. If Biden issues up to $2.5 million of new bonds, the bonds will be priced at par and have a yield of 13.65 percent; if it issues bonds beyond $2.5 million, the expected yield on the entire issuance will be 16 percent. Biden has learned that it can issue new common stock at $10 a share. The current
risk-free rate of interest is 3 percent and the expected market return is 10 percent. Biden's marginal tax rate is 30 percent. If Biden raises $7.5 million of new capital while maintaining the same debtto-equity ratio, its weighted average cost of capital is?

Answers

Answer:

Hence, the weighted average cost of capital is 15.87%.

Explanation:

We have to find current weights,  

Value of equity = Shares x Share price = 0.2 x 10 = $2 million  

Face Value of Bonds FV = $1 million

Semi annual coupon P = 1 x 8% / 2 = $0.04 million

Number of coupons remaining n = 5 x 2 = 10

Semi annual yield r = 13.65% / 2 = 6.825%

Value of Debt = Px [1 - (1 + r)-n] / r + FV / (1 + r)n

= 0.04 x [1 - (1 + 0.06825)-10] / 0.06825 + 1 / (1 + 0.06825)10

= $0.8 million

Total Value = 2 + 0.8 = $2.8 million

Weight of Debt = 0.8 / 2.8 = 28.57%

Weight of Equity = 2 / 2.8 = 71.45%

Amount of Debt to be raised = Weight of debt x Capital

= 0.2857 x 7.5

= $2.14 million

Since the amount of debt to be raised is less than $2.5 million, the yield will be 13.65%  

Cost of Equity = Risk Free Rate + Beta x (Market Return - Risk Free Rate)

= 3% + 2.2 x (10 - 3)

= 18.4%

The weighted average cost of capital:-  

WACC = Weight of Debt x Cost of Debt x (1 -Tax Rate) + Weight of Equity x Cost of Equity

= 0.2857 x 13.65% x (1 - 0.3) + 0.7145 x 18.4%

= 15.87%

Five obstacles that must be overcome converting from traditional system to lean

Answers

Management may not be as committed to change or devoted to giving up resources that are needed to convert. Workers/managements may not be cooperative to the change.

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Phân biệt triết lý bán hàng và triết lý Marketing

Answers

Answer:

I don't understand the language

County Sheriff Mobile System for Communications (CSMSC)

Case Problem: Recommend specific controls to be applied to radio, cellular, and satellite transmissions. How

will you ensure that only sheriffs and other authorized users can use the system?​

Answers

Answer:

By installing fingerprint security or password system.

Explanation:

Fingerprint security or password system will be installed in the radio, cellular and satellite transmissions which can only work after it receive the correct fingerprint or password. If this security system is used in these machines then no other person is able to use it so in my opinion these security systems should be incorporated in order to make these machines safe and secure.

Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians post their rates, qualifications, and references on the website, and Mackie receives 25% of the fee paid to the statisticians in exchange for identifying potential customers. Hoffman Associates contacts Mackie and arranges to pay a consultant $1,500 in exchange for analyzing some data. Mackie's income statement would include the following with respect to this transaction:_________

a. Revenue of $1,875 and cost of services of $1,500
b. Revenue of $1,500
c. Revenue of $1,500, and cost of services of $1,125
d. Revenue of $375

Answers

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

A company's beginning Work in Process inventory consisted of units that were 90 % complete with respect to direct labor A total of were finished during the period and remaining in Work in Process inventory were 40 % complete with respect to direct labor at the end of the period . Using the weighted average method the equivalent units of production with regard to direct labor were :

Answers

Answer: 109,800 units

Explanation:

Equivalent Units of Production with respect to Direct Labor can be calculated as:

= Units completed during the period + Equivalent ending Work in Process Inventory (1)

Equivalent ending Work in Process Inventory = 32,000 ending units * 40% completion with respect to direct labor

= 12,800 units

EUP direct labor = 97,000 + 12,800 (1)

= 109,800 units

g Which of the following is the first step of the planning phase of a strategic management process? A. establishment of the company's mission B. assessment of the external environment that the firm will face in the future C. analysis of the firm's relative capabilities to deal successfully with the external environment D. seeking alternative strategies using competitive analysis

Answers

Answer:

A. establishment of the company's mission

Explanation:

Strategic management is defined as the steps that a company continuously uses to assess and monitor the abilities not a company to meet up with its goals and objectives. As the business environment changes the organisation will need to make adjustments to stay competitive.

During the planning stage of strategic management there is a need for establishment of a company's mission first of all. This communicates to the employees the business's goals, which helps in setting priorities, focus energy, and strengthen operations in such a way that employees and other stakeholders are working toward a common outcome

The mean of a set of data is 5.07 and its standard deviation is 3.39.
Find the z-score for a value of 9.65.

Answers

Answer:

1.35

Explanation:

zscore= (x-mean)/(Standard deviation)

(9.65-5.07)/3.39= 1.35

Tỉnh nào ở Việt Nam nhiều cao su nhất

Answers

Question:-

Tỉnh nào ở Việt Nam nhiều cao su nhất?

Answer:-

Tỉnh Đông Nam Bộ có nhiều cao su nhất.

WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate the contract with the security service provider that it uses for its offices and manufacturing plant. Three suppliers responded to the RFP for security services for the next three years. The current security services provider, SecureIT quoted $945,000 per year. Two suppliers that have not been used by WatchNU in the past quoted $1,048,000 and $1,056,000 respectively. The supply manager is also analyzing the costs associated with insourcing security services rather than using a supplier as a way to reduce costs and provide greater control over security. The salary and benefits for a full-time security services manager is estimated to be $99,000. Other fixed costs are estimated to be $29,000/year. Three security guards are needed 24 hours/day, 365 days per year. The salary and benefits for the security guards is $34/hour.

Required:
What are the costs to insource the security services?

Answers

Answer:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Explanation:

Calculation to determine the costs to insource the security services

VARIABLE COST

Using this formula

Variable cost =Total Quantity of Output x Variable Cost Per Unit

Let plug in the formula

Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)

Variable cost = $893,520

FIXED COST

Using this formula

Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs

Let plug in the formula

Fixed cost=($99,000) + ($29,000)

Fixed cost= $128,000

TOTAL COST

Using this formula

Total Cost = Variable Cost + Fixed Cost

Let plug in the formula

Total Cost=($893,520) + ($128,000)

Total Cost= $1,021,520

Therefore the costs to insource the security services will be:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

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