Answer: $161,000
Explanation:
Mambo collects cash on account 70% in the month of sale and 30% in the month following the sale.
This means that in June, Mambo will collect 70% of the June credit sales in addition to 30% of May's sales.
June's collections are therefore:
= (70% * June sales) + (30% * May sales)
= (170,000 * 70%) + (140,000 * 30%)
= 119,000 + 42,000
= $161,000
Bobby bought 550 shares of stock at $61.25 per share. His broker charges 4% commission for round lots and 5% for odd lots. Calculate the total cost of the stock purchase.
Answer:
The total cost of the stock purchase was $ 35,371.87.
Explanation:
Since Bobby bought 550 shares of stock at $ 61.25 per share, and his broker charges 4% commission for round lots and 5% for odd lots, to calculate the total cost of the stock purchase the following calculation must be performed:
Odd lot = less than 100 shares, or sum not divisible by 100
550 = odd lot
(550 x 61.25) x 0.05 = X
33,687.5 x 0.05 = X
1,684.375 = X
33,687.5 + 1,684,375 = 35,371,875
Therefore, the total cost of the stock purchase was $ 35,371.87.
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 86,400 units per year is: Direct materials $ 2.40 Direct labor $ 2.00 Variable manufacturing overhead $ 0.90 Fixed manufacturing overhead $ 3.75 Variable selling and administrative expenses $ 1.40 Fixed selling and administrative expenses $ 1.00 The normal selling price is $22.00 per unit. The company’s capacity is 106,800 units per year. An order has been received from a mail-order house for 1,700 units at a special price of $19.00 per unit. This order would not affect regular sales or the company’s total fixed costs. Required: 1. What is the financial advantage (disadvantage) of accepting the special order? 2. As a separate matter from the special order, assume the company’s inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for the inferior units?
Answer:
1. The financial advantage of accepting the special order is $20,910.
2. The relevant unit cost is the variable selling and administrative expenses of $1.40 per unit.
Explanation:
1. What is the financial advantage (disadvantage) of accepting the special order?
Since this order would not affect regular sales or the company's total fixed costs, it implies that only the variable costs will be considered to determine the financial advantage (disadvantage) of accepting the special order.
Therefore, we have:
Total variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses = $2.40 + $2.00 + $0.90 + $1.40 = $6.70
Special order financial advantage (disadvantage) = (Special price per unit - Total variable cost per unit) * Units of special order = ($19.00 - $6.70) * 1,700 = $20,910
Therefore, the financial advantage of accepting the special order is $20,910.
2. As a separate matter from the special order, assume the company’s inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for the inferior units?
Since these units are inferior to the current model and must be sold through regular channels at reduced prices, the unit cost that is relevant for establishing a minimum selling price for the inferior units is therefore the variable selling and administrative expenses of $1.40 per unit.
a 17-year annuity pays $1,100 per month, and payments are made at the end of each month. The interest rate is 16 percent compounded monthly for the first 6 years and 13 percent compounded monthly thereafter. What is the present value of the annuity
Answer:
The present value of the annuity is $73,091.50
Explanation:
Use the following formula to calculate the present value of the annuity
Present value of annuity = ( Annuity Payment x Annuity factor for first 6 years ) + [ ( Annuity Payment x Annuity factor for after 6 years ) x Present value factor for 6 years ]
Where
Annuity Payment = $1,000
Annuity factor for first 6 years = 1 - ( 1 + 16%/12 )^-(6x12) / 16%/12 = 46.10028344
Annuity factor for after 6 years = 1 - ( 1 + 13%/12 )^-((17-6)x12) / 13%/12 = 70.0471029820
Present value factor for 6 years = ( 1 + 16%/12)^-(6x12) = 0.385329554163
Placing values in the formula
Present value of annuity = ( $1,000 x 46.10028344 ) + [ ( $1,000 x 70.0471029820 ) x 0.385329554163 ]
Present value of annuity = $46,100.28 + $26,991.22
Present value of annuity = $73,091.50
Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What job does Calvin hold
Answer:
The answer is "managerial accountant".
Explanation:
The economic circumstances collect and earned value collection of data, evaluating and presenting financial information for the organization or the management team of the company. These statistics will then be used to make sensible financial decisions that really can benefit the overall growth of the organization.
Managers were employing company and organizational accounts to monitor internal financial processes, revenue, spending, and budget, submit reports, determine past trends and forecast future needs, and aid economic decisions.
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 13 15 12 17 15 Using the average of all the historical data as a forecast for the next period, compute the following. (Round your answers to two decimal places.)
measures of forecast accuracy:Mean absolute error (MAE)Mean squared error (MSE)Mean absolute percentage error (MAPE)Round your answers to two decimal places.MAE =MSE =MAPE =Using the average of all the historical data as a forecast for the next period, compute the same three values. Round your answers to two decimal places.MAE =MSE =MAPE =Which method appears to provide the more accurate forecasts for the historical data?
Answer:
1. We have:
MAE = 3.60
MSE = 15.60
MAPE = 25.45
2. We have:
MAE = 2.62
MSE = 11.11
MAPE = 19.59
3. The average of all the historical data provides the more accurate forecasts for the historical data.
Explanation:
Note: This question is not correct as the average of all the historical data is asked to be used as a forecast for the next period in requirements 1 and 2 instead of the naïve method (most recent value) for the first requirement. The correct question is therefore presented before answering the question as follows:
Consider the following time series data.
Week 1 2 3 4 5 6
Value 19 13 15 12 17 15
1. Using the naïve method (most recent value) as the forecast for the next period, compute the following (Round your answers to two decimal places.) measures of forecast accuracy:
a. Mean absolute error (MAE)
b. Mean squared error (MSE)
c. Mean absolute percentage error (MAPE).
2. Using the average of all the historical data as a forecast for the next period, compute the same three values. Round your answers to two decimal places.
3. Which method appears to provide the more accurate forecasts for the historical data?
The explanation of the answer is now provided as follows:
The following formulae are to be used:
MAE = Total of Error / Number of observations
MSE = Total of Error^2 / Number of observations
MAPE = Total of Error % / Number of observations
1. Using the naïve method (most recent value) as the forecast for the next period, compute the following (Round your answers to two decimal places.) measures of forecast accuracy:
Note: See part 1 of the attached excel file for the determination of Naïve and Calculations of Error, Error^2 and Error % using the naïve method as the forecast for the next period.
From the attached excel file, we have:
MAE = 18.00 / 5 = 3.60
MSE = 78.00 / 5 = 15.60
MAPE = 127.23 / 5 = 25.45
2. Using the average of all the historical data as a forecast for the next period, compute the same three values. Round your answers to two decimal places.
Note: See part 2 of the attached excel file for the determination of Naïve and Calculations of Error, Error^2 and Error % using the average of all the historical data as a forecast for the next period.
From the attached excel file, we have:
MAE = 13.12 / 5 = 2.62
MSE = 55.55 / 5 = 11.11
MAPE = 97.94 / 5 = 19.59
3. Which method appears to provide the more accurate forecasts for the historical data?
The average of all the historical data provides the more accurate forecasts for the historical data comparing the values of its MAE, MSE and MAPE to the values of MAE, MSE and MAPE of Naive method. This is because the error values of the average of all the historical data are much lowest and more closest to the actual data.
__________________ includes policies, procedures and mindset of top management. A tangible representation can be found in the employee handbook or annual statement. Monitoring process Control activity Control environment Risk assessment
Answer:
Control environment
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting. Internal control includes the control environment.
Control environment includes policies, procedures and mindset of top management. One good example of the representation of a control environment can be found in the employee handbook or annual statement of the business firm or organization.
Supply chain links are managed rather than the entire chain; therefore, a company can manage all the links in its chain.
a. Trueb. False
Answer:
True
Explanation:
Calculate the net present value in US$ of an investment in the health spa only, assuming that the 1,500-square-foot unit is purchased and then resold at the end of 12 years. (Hint: Before making your present value calculations, multiply all amounts expressed in CI$ by $1.25 to convert into US$.)
Answer: Hello I was able to find the Major part of the question online as attached below
answer :
Net present value ( NPV ) = $153353.91
Explanation:
NPV = ( Present value of Cash Inflow) - ( Present value of Cash outflow) -- ( 1 )
present value of cash inflow
i) cosmetic products = ( 5500 * 1.25 * 12) * ( 6.8137) (cost of capital )) = 562130.25
ii) land sale = ( 1500 * 300 * 1.25 ) * ( 0.8186 ) ( cost of capital )) = 179212.5
∑ present value of cash inflow = 741342.75
Present value of cash outflow ( other expenses )
∑ present value of cash outflow = 587,988.84
NPV = 741,342.75 - 587,988.84 = $153,353.91
Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Variable costs per unit: Direct materials $ 51 Direct labor $ 12 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs per year: Fixed manufacturing overhead $441,000 Fixed selling and administrative expense $112,000 The absorption costing unit product cost is:________
a. $65 per unit
b. $128 per unit
c. $63 per unit
d. $149 per unit
Answer:
unitary absorption production cost= $128
Explanation:
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.
First, we need to calculate the unitary fixed manufacturing overhead:
Unitary fixed overhead= 441,000 / 7,000= $63
Now, the unitary absorption production cost:
unitary absorption production cost= 51 + 12 + 2 + 63
unitary absorption production cost= $128
what role does planning play in public sector
Hello there! The answer is below.
Explanation:
Planning plays a very big role in the public sector. Planning lets you measure how big your response has to be to something, especially in business. It lets use utilize your resources and make as much as you need. When you plan in the public sector of marketing, you can also plan what to sell and align your priorities.
Answer:
Since the public sector is usually in charge of creating and directing defense, it also usually retains power over how troops are paid, training mechanisms, and rules of combat. Foreign policy is another area in which it is important to present a unified front through the public sector, in order to prevent conflicting treaties and agreements.
Explanation:
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 25%. Manuel, a client of First Main Street Bank, deposits $1,800,000 into his checking account at First Main Street Bank.
Required:
Write down the table to show the effect of a new deposit on excess and required reserves
Answer:
Change in Excess Reserves $1,350,000
Change in Required Reserves $450,000
Explanation:
Preparation of the table to show the effect of a new deposit on excess and required reserves
Based on the information given since the REQUIRED RESERVE RATIO is 25%, which means that First Main Street Bank will hold 25% of its initial deposit leading to INCREASE in the REQUIRED RESERVE by the amount of $450,000 (25%*$1,800,000) while the remaining 75% (100%-25%) will be the EXCESS RESERVES of the amount of $1,350,000 (75%*$1,800,000).
Hence:
Amount Deposited: $1,800,000
Change in Excess Reserves=$1,350,000
Change in Required Reserves= $450,000
Therefore the effect of a new deposit on excess and required reserves will be:
Change in Excess Reserves $1,350,000
Change in Required Reserves $450,000
Boswell Company reported the following information for the current year: Sales(50,000 units) £1,000,000, direct materials and direct labor £500,000, other variable costs £50,000, and fixed costs £360,000. What is Boswell’contribution margin ratio?
lol btw u play ml? or growtopia?
In the context of employee engagement, it is observed that the highly engaged employees feel a deep connection to their company. Disengaged employees:
a. feel disconnected, portraying deviant behavior at the workplace.
b. put in efforts to be as good as engaged employees.
c. continue working without affecting the turnover.
d. put time but no attention into their work.
e. engage in productive activities to prove their worth.
During August, the receipts and distributions of Material No. B4G9 are as follows: Received Aug. 31,100 units at $15 161,700 units at $17 29 900 units at $18 Issued Aug. 11 700 units for Job 116 181,900 units for Job 117 30 800 units for Job 118 a. Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method.
Answer:
The total cost will be "$56,200". A further explanation is provided below.
Explanation:
According to the question,
The cost of issue of Aug 11 will be:
= [tex]700\times 15[/tex]
= [tex]10,500[/tex] ($)
The cost of issue of Aug 18 will be:
= [tex]400\times 15+1500\times 17[/tex]
= [tex]6000 +25500[/tex]
= [tex]31,500[/tex] ($)
The cost of issue of Aug 30 will be:
= [tex]200\times 17+600\times 18[/tex]
= [tex]3400+10800[/tex]
= [tex]14,200[/tex] ($)
Now,
The total cost will be:
= [tex]10,500+31,500+14,200[/tex]
= [tex]56,200[/tex] ($)
Answer each of the following independent questions.
1. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-period annuity of $8,000 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. Assuming an interest rate of 6%, which option should Alex choose?
2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2025. Weimer will make annual deposits of $100,000 into a special bank account at the end of each of 10 years beginning December 31, 2016. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2025?
Answer:
option 1
$1,381,644.80
Explanation:
Alex would choose the option that has the highest present value
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
pv of option 2
Cash flow in year 0 = 20,000
Cash flow in year 1 - 6 = $8,000
i = 6%
PV = 59,338.60
OPTION 3
Cash flow in year 1 - 6 = 13,000
i - 6%
pv = 63,925.22
option 1 has the highest present value and should be chosen
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
2.
future value of an annuity = Annual payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
(1.07^10 - 1 ) / 0.07 = 13.816448
13.816448 x 100,000 = $1,381,644.80
Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned merchandise. Assuming that the purchase was originally bought on credit for $400 with a cost to Dogs R US of $100, demonstrate required journal entry of Dogs R US to record the return by selecting all of the correct actions below. (Check all that apply.) Multiple select question. Credit Accounts Receivable $400. Credit Sales Returns and Allowances $400. Debit Accounts Payable $400. Credit Merchandise Inventory $100. Credit Cash $400. Debit Sales Returns and Allowances $400. Credit Cost of Goods Sold $100. Debit Cost of Goods Sold $100. Debit Merchandise Inventory $100.
Answer:
Credit cost of goods sold $100.
Debit merchandise inventory $100.
Credit accounts receivable $400.
Debit sales returns and allowances $400.
Explanation:
These are the demonstrate required journal entries of Dogs R US to record the return.
Credit cost of goods sold $100.
Debit merchandise inventory $100.
Credit accounts receivable $400.
Debit sales returns and allowances $400.
Research the different types of body language the people use in different cultures.
Answer:
Explanation:
Body language is an extremely important form of communication in every single culture, yet every culture has differences. For example...
Korean's tend to greet individuals with a bow. This is a form of showing respect as well as saying hello. Other cultures such as the Swiss tend to greet others with three cheek kisses.
Body language can be for many occasions such as Americans using the middle finger to show their dislike of someone. There's also Italian's closing their fingers together in form of a pinecone to show their distraught over something.
Body language has always been a way of expressing oneself and their emotions.
XYZ Manufacturing reported the following:
Revenue $485,000
Beginning inventory of direct materials, January 1, 2015 24,000
Purchases of direct materials 122,000
Ending inventory of direct materials, December 31, 2015 15,000
Direct manufacturing labor 21,000
Indirect manufacturing costs 34,000
Beginning inventory of finished goods, January 1, 2015 38,000
Cost of goods manufactured 186,000
Ending inventory of finished goods, December 31, 2015 33,000 Operating costs 126,000
What is XYZ's gross margin (or gross profit)?
Answer:
the gross profit of XYZ is $294,000
Explanation:
The computation of the gross profit is shown below:
= Revenue - cost of goods sold
= $485,000 - ($38,000 + $186,000 - $33,000)
= $485,000 - $191,000
= $294,000
Hence, the gross profit of XYZ is $294,000
The above formula should be used for the same
property has Gross Scheduled Income of $100,000. The vacancy rate and credit rate allowance is 3% whereas Operating expenses are $34,000. a) What will be the Cap. Rate if you purchased the property for $600,000
Answer:
The answer is "[tex]10.5\%[/tex]"
Explanation:
Following are the Cap rate:
[tex]= \frac{(Income \times (1 - vacancy\ rate) - operating \ expense)}{\text{purchase price of property}}[/tex]
[tex]= \frac{(\$ 100,000 \times 0.97 - \$ 34,000)}{\$ 600,000}\\\\= \frac{\$ 63,000}{ \$ 600,000}\\\\= 10.5\%[/tex]
What do we call interest on interest?
Answer:
Interest-on-interest, also referred to as 'compound interest', is the interest that is earned when interest payments are reinvested.
The time required to collect information about the current state of the economy is known as A. the effect lag. B. the recognition lag. C. the fiscal lag. D. the action lag.
Answer:
B. the recognition lag.
Explanation:
Recognition lag means the delay that lies between the economic shock arise and when it should be seen by the economist, government etc. Here the delays could be arise as the data that documented the economy state should not be available on the instant basis and after this it takes the time to analyze it correctly
Therefore as per the given situation, the option b is correct
82% of companies shop their products by truck. 47% of companies ship their product by rail 40% of companies shop by truck and rail. What is the probability that a company shops by truck or rail
Answer: 0.89
Explanation: add the 82% and 47% then subtract the 40, answer is 89.
82% of companies shop their products by truck. 47% of companies ship their product by rail, 40% of companies shop by truck and rail. The probability that a company shops by truck or rail is 0.89.
What is company?The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
Determine the probability of that a company shops by truck or rail:
As the given amount are:
82% of companies shop their products by truck.
47% of companies ship their product by rail
40% of companies shop by truck and rail.
The company shops by truck = ?
The company shops by truck = products by truck + product by rail – shop by truck and rail.
The company shops by truck = 0.82 + 0.47 – 0.40
The company shops by truck = 1.29 – 0.40
The company shops by truck = 0.89
As a result, the probability that a company shops by truck or rail is 0.89.
Learn more about on company, here:
https://brainly.com/question/27238641
#SPJ2
Select the correct answer.
Which option will help you add visual effects to your presentation when you move from one slide to another?
OA.
slide background
OB.
slide master
Ос.
slide theme
OD.
slide transition
Answer:D. Slide transition
Explanation:
You own a portfolio that has a total value of $185,000 and it is invested in Stock D with a beta of .91 and Stock E with a beta of 1.33. The beta of your portfolio is equal to the market beta. What is the dollar amount of your investment in Stock D
Answer:
$145,357.14
Explanation:
The computation of the dollar amount of your investment in Stock D is shown below:
Let us assume the investment in D be $x
So,
The investment in E is ($185,000 - x)
As we know that
Portfolio beta= Respective beta × Respective investment weight
1 = (x ÷ 185,000 × 0.91 ) +(185,000 - x) ÷ 185,000 × 1.33
Here
Beta of market = 1
And, the Beta of risk-free assets=0
(1 × 185000) = 0.91x + 246050 - 1.33x
185,000 = 0.91x + 246050 - 1.33x
x = (246050 - 185,000) ÷ (1.33 - 0.91)
= $145,357.14
Concentration is the ability to focus and pay
Answer:
nice
Explanation:
Steve borrowed $750 for a new dresser. He made 9 monthly payments to repay the loan. He paid $45 interest. What is his simple interest rate?
Answer:
222
Explanation:
In which basic market would stoves be traded?
the labor market
the money market
the goods and services market
the capital market
Answer:
the labor marketExplanation:
#carry on learningBlaine, Inc., produces three products, Argon, Xon, and Zeon, from a joint production process. Data on the process are as follows:
Product Agon Xon Zeon Total
Allocated joint cost $45 $450
Sales value at split-off $90 $900
Additional processing costs $60 $150
Sales value if processed $150 $300 $1200
Contribution from processing further $15 $0 $360
Units produced 750 1250 3,000 5,000
Required:
Determine the value for each misse
Answer:
Agon
Allocated joint cost $45
Sales value split off $90
additional processing cost $60
Sales value if processed further $150
Contribution from processing further $15
Xon
Allocated joint cost $75
Sales value split off $150
additional processing cost $150
Sales value if processed further $300
Contribution from processing further $0
Zeon
Allocated joint cost $330
Sales value split off $660
additional processing cost $180
Sales value if processed further $1200
Contribution from processing further $360
Explanation:
Sales split off point Xon $300 - $150 = $150
Sales split off point Zeon $900 - $90 - $150 = $660
Joint cost of Xon = 450 / 900 * 150 = 75
Joint cost of Zeon = 450 / 900 * 660 = 330
The five new production assistants at Hollywood Studios will attend an orientation meeting on their first day. During orientation, they will learn what is expected of them and how they fit into the ___ culture.
Answer: Corporate
Explanation:
Corporate culture simply refers to the standards, shared values, attitudes, and beliefs by which the members of an organization are characterized.
The corporate culture is important in guiding how the employees of an organization think and act as it symbolizes the personality of the company shows its core beliefs. New employees are expected to know the corporate culture of an organization.
The cost of debt is equal to one minus the marginal tax rate multiplied by the average coupon rate on all outstanding debt. True False
Answer:
False
Explanation:
False, The given information is false because coupon rate is not required while calculating the cost of the debt. Only interest rate which is also called Yield to maturity and the marginal tax rate is needed to calculate the cost of debt.
Below is the formula:
Cost of debt after the tax = Interest rate (1 - Marginal tax rate)
