Answer:
Oakwood Inc.
a) The actual price paid per board foot purchased is:
= $7.34
b) The standard quantity of materials allowed (in board feet) for the number of units produced is:
= 36,740 board feet
c) The direct materials usage variance is:
= $140,328 F
Explanation:
a) Data and Calculations:
i) Reported production of American Oak Armchairs:
Units produced = 1,670 armchairs
Direct materials purchased = 18,500 board feet
Direct materials issued into production = 17,250 board feet
ii) Standard cost per unit
(22 board feet × $7.2) $158.4 per unit produced
Purchase price variance $2,620
a) The actual price paid per board foot purchased
= Standard cost per board feet + (Purchase price variance/Quantity purchased)
= $7.20 + ($2,620/18,500)
= $7.20 + $0.14
= $7.34
b) The standard quantity of materials allowed (in board feet) for the number of units produced
= 22 * 1,670
= 36,740 board feet
c) The direct materials usage variance = (Standard Qty - Actual Qty) * Standard price per board feet
= (36,740 - 17,250) * $7.20
= $140,328 F
The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
Year CPI
1991 110
1992 120
1993 135
Which of the following is true about the CPI, based on the information?
a. $100 in 1986 would be equivalent to $135 in 1993.
b. $100 in 1992 would have been worth $100 in 1986.
c. $100 in 1991 would have been worth $110 in 1986.
d. $100 in 1993 would be equivalent to $120 in 1992.
Answer:
1986 is the base year. so, the CPI of the base year is always 100%.
Option A
The value of $100 in 1993 would be = ($100/CPI of 1986) * CPI of 1993
= ($100/100) * 135
= $135
So, Option A is true.
Option B
$100 in 1992 would have been worth in 1986: ($100/CPI of 1992) * CPI of 1986
= ($100/120) * 100
= $83.33
So, Option B is false.
Option C
$100 in 1991 would have been worth in 1986: ($100/CPI of 1991) * CPI of 1986
= ($100/110) * 100
= $90.91
So, Option C is false.
Option D
The value of $100 in 1992 would be: ($100/CPI of 1993) * CPI of 1992
= ($100/135 * 120
= $88.89
So, Option D is false.
Environment degradation does not consist of
Answer: None of the above
Explanation:
The options include:
A. Land degradation and soil erosion
(B) Problem of overgrazing and ecological degradation
(C) Floods
(D) None of the above
Environmental degradation simply refers to the deterioration of the environment whcih occurs when there's depletion of the resources like soil, water and air, pollution and the the destruction of habitats and ecosystems.
It should be noted that environmental degradation consist of land degradation and soil erosion, problem of overgrazing and ecological degradation, floods etc.
Therefore, the correct option is None of the above.
Top Knot, Inc. is expected to pay a $2.50 per share dividend next year. The dividends are anticipated to maintain a 5% growth rate forever. If the stock currently sells for $48 per share, what is the cost of equity
Answer:
10.21
Explanation:
Dividend= 2.50
The growth rate is 5%
The current stock price is $48
Therefore the cost of equity can be calculated as follows
= 2.50/48 +5/100
= 0.0521 + 0.05
= 0.1021×100
= 10.21
Hence the cost of equity is 10.21
On January 1, 2019, XYZ Co. issued 2-year bonds with a face value of $10,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (Market Int.) 8%, at a selling price of $10,363. The interest expense recognized for the year 2019 is
Answer:
Your answer is given below:
Explanation:
When bond is issued on yield to market at price of $10,179, interest is charged on outstanding amount of $10,179 of 9%.
So interest charged on June 30 is 9% for 6 months on $10,179
Interest expense=$10,179*9%*6/12
Interest expense for 6 months =$458
Cash paid for interest is however at stated interest rate of 10% on $10,000 for 6 months=$10,000*10%*6/12
Cash paid=$500
Difference of interest paid and interest expense is debited to bonds payable balance so bonds payable balance outstanding is reduced.
Bonds payable outstanding reduced=$500-$458
=$42
Bonds payable outstanding balance as on june 30=$10,179-$42
=$10,137
Now interest for last 6 months in 2019 is charged on $10,137 at 9%
Interest expense from June 30 to December 31=$10,137*9%*6/12
Interest expense=$456
Total interest expense for 2019=$456+458
=$914
So,total interest expense charged for 2019=$914
You are a delivery manager introducing a new product from your unit to the market. What steps should you take to mitigate any IP risks in your product?
Answer:
Explanation:
There are various steps that you should take to make sure that your product does not violate any IPs. First, you should make sure that those involved with the product sign an NDA. This document prevents these individuals from talking about the product with others, which prevents it's details from leaking and allowing competitors to beat you to market by releasing their own version of your product first. The other step that you should take would be to patent the design and trademark the name of the product. Doing so will make sure that the product is unique and that it does not interfere with already existant IP's, as well as preventing others from infringing on your product.
List of ten household items (clothing, shoes, accessories, electronics, food (fruit is particularly good for this activity), etc.) that includes:
a. the name of the item
b. where it was made/produced/manufactured (country is usually all that is provided) . Identify and discuss the different infrastructure systems that facilitated the production, transportation, and your eventual purchasing of the product. Drawing on Massey’s "global sense of place," explain how these infrastructure system fold the global into the local (and vice versa, fold the local into the global).
Answer:
BR UH
Explanation:
what type of qs is this even
bannana
fridge
pencil
sink
spoon
fork
knife
sisscors
toaster
cup
bowl
bed
pillows
desk
door
tv
couch
chair
table
apple
grapes
cherries
peaches
napkins
toilet
Jeff recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Jeff 's first payment is due on March 1st of the current year, how much interest expense will Jeff pay in the current year
Answer: $17,434.43
Explanation:
First find the amount that he financed by a loan:
= Purchase price - Down payment
= 350,000 - 50,000
= $300,000
Find the annuity payment using the excel PMT formula:
Rate = 7% / 12 months
Number of periods = 30 * 12 months = 360 months
Present value = -300,000
Future value = 0
Annuity = $1,995.91
Then the schedule is attached.
How can quality control affect production?
Answer: Quality Assurance with Quality Control
Quality assurance streamlines production and helps to ensure that the final products meet the company's quality criteria. It ensures that the processes used to design, test, and produce products will be done correctly.
Explanation:
Hope it helps
Capri Industries is considering an investment that has an initial cost of $26,500 and the following expected cash inflows: Year Cash Inflow 1 $6,000 2 $8,000 3 $10,000 4 $5,000 5 $3,000 The expected payback period is
Answer:
It will take 3.5 years to cover the initial investment.
Explanation:
Giving the following information:
Initial investment= $26,500
Cash flows:
1 6,000
2 8,000
3 10,000
4 5,000
5 3,000
The payback period is the time required to cover the initial investment:
Year 1= 6,000 - 26,500= -20,500
Year 2= 8,000 - 20,500= -12,500
Year 3= 10,000 - 12,500= -2,500
Year 4= 5,000 - 2,500= 2,500
To be more accurate:
(2,500/5,000)= 0.5
It will take 3.5 years to cover the initial investment.
The expected payback period is 3.19 years.
Expected payback period is the amount of time it take to recover the amount invested from the cumulative cash flows.
Amount invested = $26,500
Cumulative cash flow in year 1 = $6000
Cumulative cash flow in year 2 = $14, 000
Cumulative cash flow in year 3 = $24,000
Cumulative cash flow in year 4 = $29,000
Cumulative cash flow in year 5 = $32,000
The amount invested would be recovered in the third year.
3 + [tex]\frac{29,000 - 24,000}{26,500}[/tex] = 3.19 years
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Durable goods $3,000
Services $6,000
Business purchases of capital goods $400
Fixed investment $850
Exports $600
Imports $800
Nondurable goods $700
Inventory investment $200
Government transfer payments $100
Purchases of new residential housing $450
Government purchases $900
GDP is equal to:_______
a. $14,000
b. $11,550
c. $11,450
d. $8,600
e. $13,050
Answer:
c. $11,450
Explanation:
GDP = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Export (NX)
GDP = [Non durable goods+Durable goods+Services] + [Fixed investment+Inventory investment] + Government purchase + [Export-Import]
GDP = [$700+$3000+$6000] + [$850+$200] + $900 + [$600-$800]
GDP = $9700 + $1050 + $900 - $200
GDP = $11,450
Differentiate between an active partner and sleeping partner?
Answer:
active partners are involved in daily running of the business.
sleeping partner are not involved in daily running of the business
Explanation:
Active partners are always involved in management while sleeping partners are not and mostly consists of financing not the business.
We should always show the mean, mode and median when reporting analysis graphics.
Select one:
O True
O False
Answer:
answer: true
Explanation:
hope it helps thanks
Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments about the computers and software it sells. Why is it important for this company to encourage customer feedback
Group of answer choices.
A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.
B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.
C. Negative consumer feedback can actually attract more customer interest in the product.
D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.
E. Consumers are more likely to say positive things about companies that value their opinions.
Answer:
B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.
Explanation:
Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.
Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.
In 2019, Osgood Corporation purchased $8.1 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,400,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Investment in bonds (TS) Income statement loss on investments a. $ 3,400,000 $ 0 b. $ 3,400,000 $ 4,700,000 c. $ 8,100,000 $ 4,700,000 d. $ 8,100,000 $ 0
Answer:
Osgood Corporation
Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Investment in bonds (TS) Income statement loss on investments:
b. $ 3,400,000 $ 4,700,000.
Explanation:
a) Data and Calculations:
2019: Face value of 10-year municipal bonds = $8.1 million
December 31, 2021, Fair value of the municipal bonds = $3.4 million
There is a loss in value amounting = $4.7 million ($8.1 - $3.4)
In the balance sheet, the municipal bonds will stated at its fair value of $3.4 million while in the income statement, there will be a loss on investments of $4.7 million.
Someone from ____________ is most likely to answer the question "Who am I?" by saying, "I am a mother" or "I work for ABC Corporation."
Someone from [tex]\boxed{ Japan }[/tex] is most likely to answer the question "Who am I?" by saying, "I am a mother" or "I work for ABC Corporation."
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Assume that you own a small apartment building close to a major commercial street and a service station. You learn that there has been a major leak of underground storage tanks from the service station, and the gasoline has spread onto and below the surface of your property. Discuss sources of value loss to your property from the contamination.
Explanation:
A good source of value loss is the amount of money that the property owner would have to spend to get rid of this contamination. One way to go would be to get a good environmental consultant to take a risk assessment on your property and environment. The expense burden should be lighter on you since it is expected that the service station owners take responsibility. This contamination would cause the value of this property to fall.
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000 hours, and (3) estimated machine-hours to be worked during the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to:
Answer:
Allocated MOH= $432,000
Explanation:
Giving the following information:
Predetermined overhead rate of $8.00 per machine-hour
Actual machine-hours worked= 54,000 hours
To calculate the allocated overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8*54,000
Allocated MOH= $432,000
A company must invest in project 1 in order to invest in project 2. Which of the following constraints ensures that project 1 will be chosen if project 2 is invested in?
a. X1 + X2 = 1
b. X1 - X2 < = 0
c. X1 - X2 > = 0
d. X1 + X2 = 0
X1 - X2 > = 0, constraints ensures that project 1 will be chosen if project 2 is invested. Thus, option (c) is correct.
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.
According to the company was the invested in the two projects.
The equation was the X1 - X2 > = 0.
If X1 = 0, X2 will be 0
A company was the equal spend on the projects.
A company are the not less than zero is the investing.
Both should be greater or equal to 0.
As a result, the X1 - X2 > = 0, constraints ensures that project 1 will be decided if project 2 is invested. Therefore, option (c) is correct.
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Carter Containers sold marketable securities, land, and common stock for $37.0 million, $13.0 million, and $35.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $23.0 million, $23.0 million, and $10.2 million, respectively.
What amount should Carter report as net cash from investing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
Answer:
$16.8 million
Explanation:
Calculation to determine What amount should Carter report as net cash from investing activities
($ in millions)
Cash Flows from Investing Activities:
Proceeds from sale of marketable securities $37
Proceeds from sale of land $13
Less Purchase of equipment for cash ($23)
Less Purchase of patent for cash($10.2)
Net cash inflows (outflows) from investing activities $16.8
Therefore the amount that Carter should report as net cash from investing activities is $16.8 million
A product needs to be processed on both Resource X and Resource Y. There is only one of each of these resources and your goal is to meet market demand, which is 20 units per day and a day has 12 hours of working time. It takes 30 minutes to process a unit on Resource X and 15 minutes on Resource Y. If Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day and process items just-in-case, then which Of the following statement is correct:
a. There would be no accumulation of work-in-process inventory.
b. Work-in-process inventory would accumulate in-front-of Resource Y.
c. There would be no accumulation of finished goods inventory.
Answer:
The correct statement is:
a. There would be no accumulation of work-in-process inventory.
Explanation:
Daily demand of product A = 20 units
Working time per day = 12 hours
Time to process a unit on Resource X = 30 minutes
Time to process a unit on Resource Y = 15 minutes
Total units that can be processed on Resource X per day = 24 (12/0.5)
Total units that can be processed on Resource Y per day = 48 (12/0.25)
Since Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day, there will no accumulation of work-in-process (from Resource X) because Resource Y uses half the time of Resource X.
Conrad Company reported the following balances at June 30, 2018:
Sales Revenue $16,200
Sales Returns and Allowances 600
Sales Discounts 300
Cost of Goods Sold 7,500
Net sales for the month is:___.
a. $15,600.
b. $16,200.
c. $7,800.
d. $15,300.
Answer:
d. $15,300
Explanation:
Calculation to determine what Net sales for the month is
Using this formula
Net sales=Sales Revenue -Sales Returns and Allowances-Sales Discounts
Let plug in the formula
Net sales=$16,200-$600-$300
Net sales=$15,300
Therefore Net sales for the month is $15,300
Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,750, and the total direct labor budget variance was $1,430 unfavorable. The standard labor rate was $17.60 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,850 for August.
Required:
a. Calculate the actual direct labor rate paid per hour during August.
b. Calculate the dollar amount of the direct labor efficiency variance for August.
c. Calculate the standard direct labor hours allowed for the actual level of activity during August.
Answer:
a. (AR-SR)* Actual hours = Labour rate variance
Actual rate = (-3,850/2,750) + $17.60
Actual rate = -$1.4 + $17.60
Actual rate = $16.20
b. Direct labour efficiency variance for August = Total direct labour budget variance - Direct labour rate variance
= 1,430 - (-$3,850)
= $5280 Unfavourable
c. Direct Labour efficiency variance = (AH-SH)*SR
5280 = (2,750 - SH) * 17.60
(2,750 - Standard hours) = 5280/17.60
(2,750 - Standard hours) = 300
Standard hours = 2,750 - 300
Standard hours = 2,450
Goofy Inc.'s bonds currently sell for $925. They pay a $80 annual coupon, have a 25-year maturity, and a $1,000 par value. Compute the expected capital gain percentage for this year. (State as a percent, but do not include the percent sign and round to the second decimal place. Thus, 9.8765% would be written as 9.88 to be correct). (Hint: first compute the YTM and then find the capital gain.
Answer and Explanation:
The computation of the YTM is shown below:
Given that
Future value be $1,000
NPER is 25
PMT is $80
Present value is $925
The formula is shown below:
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the yield to maturity is 8.75%
Now the capital gain is
= 8.75% - ($80 ÷ $925)
= 8.75% - 8.65%
= 0.10%
Please research employment opportunities in the accounting field and provide insight into the relevance and usefulness of Excel in relation to the job title/description. Please explain how a potential candidate could leverage the functionality of Excel to make their every-day tasks efficient, effective and accurate.
Answer:
Following are the responses to the given question:
Explanation:
The progress throughout the financial sector does not take a confined path. One can move to more responsible roles when you're on the broad route to changing industries, receiving certificates, or switching disciplines — without even being derailed. Select from the range of staff inside the broad fields of public accountancy. You could be a lead financial official or a partner in a company of qualified checksum. A height of your career.
Although the accounting foundation is founded upon consistent accounting practices, the accountants can apply this theory in many various ways.
Employment accounts governmental and non-profit:
Accounting FundJobs of IRSPublic Accounting Jobs:
Estimated CostForensic Accountable Enrolled AgentImmobilien AssessorAccountant TaxationFiscal ProsecutorsPreparing taxJobs in private accounting:
Clerk of AccountingPayable/Deputy Clerk AccountsSystem Accounting SpecialistActuarial accountant/accountant insuranceBookkeepingAnalyst for the budgetAccountant of capitalFinancial Controller/Control OfficeAccountant costsMeasurement of environmental accountant/sustainabilityAccountant payrollFiscal Services:
Specialist in Business ValuationCertificated Financial PlannerFiscal AnalystAdvisor on taxesAccounts only include the cash that can be represented financially. Some individuals call accountancy "the language of business," as well as its objective is to allow accountancy users to make better choices
This included many tasks performed by the CPAs for its clients:
Asset records collection and maintenanceAssess banking transactions and make key management for optimum financial practicesReviewing accounting system and financial accounting to verify that they are effective and conform with approved accounting standards and proceduresTax documents and related tasksRisk assessment is a process A. That assesses the quality of internal control throughout the year. B. That establishes policies and procedures to accomplish internal control objectives. C. Designed to identify potential events that may affect the entity. D. Of identifying and capturing information in a timely fashion.
Answer:
C. Designed to identify potential events that may affect the entity.
Explanation:
Risk assessment means the total method in which the hazard or the factors related to the risk that result in damage or harm something. It could be analyzed and evaluated with the analysis of the risk and the evaluation of the risk.
It is to be designed in order to identify the events that could impact the entity
Therefore the option c is correct
Earning a promotion is made easier if you know the ______.
a. First and last name of your supervisor
b.Password to your company’s database is
c.Kind of characteristics your company values
d.Lunch order your supervisor favors
Answer:
c
Explanation:
1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition for companies in the food industry
Answer:
The correct answer is complex and it is simplify in the explanation below.
Explanation:
To begin with, in the microeconomics theory the terms of cross price elasticity of demand and the own price elasticity of demand are refered as indicators that can help the company's manager to have a major perspective according to the situation in where they're in and therefore those economic indicators turn out to be strategic tools to use. And that is because they can measure the sensibility of the demand according to the price of the product. In the case of the cross-price elasticity, the demand will change depending on a variation of the price of a good of the competition, so that will explain that if for example the competition lower their prices then the demand of our product will probably go down because of that. So once said that, its importance relies in the fact that in the food industry the companies need to understand who are they competing with and that could be possible having in mind these terms.
An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that person is less than the marginal benefit of educating that person. The writer's reasoning is an application of:
Answer:
c
Explanation:
application of:
A. positive economics. B. negative economics. C. normative economics. D. economic naturalism.
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, an increase in input would lead to a decrease in supply of the good is based on economic theory and facts. An increase in input would increase the cost of production and this would discourage sellers from producing.
Normative economics is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
how does under investment affect the market
Answer:
Since the stock market is a vote of confidence, a crash can devastate economic growth. Lower stock prices mean less wealth for businesses, pension funds, and individual investors. Companies can't get as much funding for operations and expansion. When retirement fund values fall, it reduces consumer spending.
Explanation:
Economic Considerations
Business investment can affect the economy's short-term and long-term growth. In the short term, an increase in business investment directly increases the current level of gross domestic product (GDP), because physical capital is itself produced and sold.
A company had interest expense of $7,800, income before interest expense and income taxes of $19,200, and net income of $9,600. The company's times interest earned ratio equals:
Answer:
2.5 times
Explanation:
The company's times interest ratio is computed as;
= Income before interest expense and income taxes / Interest expenses
Given that;
Income before interest expense and income taxes = $19,200
Interest expenses = $7,800
Then,
Company's interest times ratio = $19,200 / $7,800
Company's interest times ratio = 2.5 times
