Answer:
no
Explanation:
no
Warner Company purchases $52,200 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,900 of the raw materials and $44,200 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. g
Answer and Explanation:
The journal entry is given below:
Work in process - finishing department $28,800 ($62,200 - $44,200) × 160%
Work in process - assembly department $70,720 ($44,200 × 160%)
To Manufacturing overhead $99,520
(Being the overhead allocated to assembly and finishing department)
Here the work in process is debited as it increased the assets and the manufacturing overhead is credited as it decreased the expesne
did juror 8 act as an objective force in the decision making process
Explanation:
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When a project involves an entirely new product line, the firm may be able to obtain betas from to calculate a weighted average cost of capital (WACC) for its new product line.
Consider the case of another company. Davis Printing is evaluating two mutually exclusive projects. They both require a $5 million investment today and have expected NPVs of $1,000,000. Management conducted a full risk analysis of these two projects, and the results are shown below.
Risk Measure Project A Project B
Standard deviation of project's expected NPVs $400,000 $200,000
Project beta 0.9 1.1
Correlation coefficient of project cash flows (relative to the firm's existing projects) 0.7 0.5
Which of the following statements about these projects' risk is correct? Check all that apply. ?
A. Project B has more corporate risk than Project A.
B. Project A has more corporate risk than Project B.
C. Project B has more stand-alone risk than Project A.
D. Project A has more market risk than Project B
Answer:
A. Project B has more corporate risk than Project A.
C. Project B has more stand alone risk than project A.
Explanation:
Project A and Project B are mutually exclusive projects. Both the projects require initial investment of $5 million. The project beta for Project A is 0.9 while project beta for Project B is 1.1, this indicates project B is more riskier than Project A.
State and explain elements of organizational structure?
Answer:
Explanation:
Organizational structure could be explained as a connected workflow through which an organization is strategically setup to operate.
Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command
Job design : This element allows the definition of individual job role, the demands of each job position, duties, responsibilities and the key performance indicators.
Departmentation : Here, individual job roles which seems similar and have similar requirement are grouped into a certain defined category called department. Deparmentation may be ascribed based on task, job role, task force and so on.
Delegation : This involves process handling and management, each process and logical department has to be headed by a defined individual or group of persons.
Span of control : Definitions control and authority such that delegates know their limits and when to initiate their organizational power.
Chain of command : This is crucial as organizations aee arranged and operated hierarchically, the command line is defined such that it makes reporting easier.
To an economist, money is a synonym for which of the following? Question 10 options: income credit wealth salary none of the above
Answer:
None of the above
Explanation:
To an economist, money has the following characteristics
1. It is a means of exchange
2. It is regarded as a unit of account
3. Money can also be defined as a store of value.
Therefore to an economist, money is not synonymous with income, wealth, credit and salary.
So the last option answers the question.
The Okula Corporation has a one-year insurance policy that was purchased for $2,000. Three months have passed since the purchase. The adjusting entry for the insurance policy would include a
Explanation:
Amount paid for 3 months = 3 month[Total amount / 12 months]
Amount paid for 3 months = 3[2000/12]
Amount paid for 3 months = $500
Books of (..... LTD)
Particular Amount Amount
Cash A/c Debit $500
To Prepaid insurance A/c $500
If a perfectly competitive firm raises its price, the quantity demanded of its product ____________. a. diminishes temporarily in the short run b. falls to zero c. stays the same d. falls below marginal cost
Answer:
B. Fall to Zero
Explanation:
In a perfectly competitive market, product cost are all relatively the same. If a firm decides to raise its price on a product it's demanded quantity becomes relatively nonexistent due to the other competitors whos prices have either remained the same or even dropped in price.
Green Thumb Nursery has 53,000 shares outstanding at a market price of $63.57 per share. The earnings per share are $3.57. The firm has total assets of $362,000 and total liabilities of $207,000. Today, the firm announced a share repurchase for $117,000 of its stock. What is the earnings per share after the repurchase
Answer: $3.70
Explanation:
Earnings per share = Net income / Number of shares
Net income = Earnings per share * Number of shares
= 3.57 * 53,000
= $189,210
The number of shares that Green Thumb bought back is:
= Stock repurchase amount / Market price of shares
= 117,000 / 63.57
= 1,840 shares
After the repurchase the number of shares is:
= 53,000 original shares - 1,840
= 51,160 shares
New EPS = 189,210 / 51,160
= $3.70
What is the meaning of assessment
Answer:
the meaning of assessment is the evaluation or estimation of the nature, quality, or ability of someone or something. like your being tested on you knowledge of something, so you have a test.
Explanation:
Answer:
the act of judging or deciding the amount, value, quality, or importance of something, or the judgment or decision that is made.the evaluation or estimation of the nature, quality, or ability of someone or something.
Curley Publishers Inc. projected sales of 51,000 diaries for 2016. The estimated January 1, 2016, inventory is 3,600 units, and the desired December 31, 2016, inventory is 5,000 units. What is the budgeted production (in units) for 2016
Answer:
47,900
Explanation:
The projected sales for curley publishers is 51,000
The beginning inventory is 3,600
The ending inventory is 5,000
The budgeted projection units in 2016 can be calculated as follows
= 51,000+5000
= 51,500-3600
= 47,900
Hence budgeted projection units is 47,900
Sheridan Corporation had 2020 net income of $798,000. During 2020, Sheridan paid a dividend of $2 per share on 33,200 shares of preferred stock. During 2020, Sheridan had outstanding 236,000 shares of common stock.
Required:
Compute Sheridan's 2020 earnings per share.
Answer:
$3.10 per share
Explanation:
Total preferred dividend = 33,200 shares * $2
Total preferred dividend = $66,400
Earning per share = (Net income - Preferred dividend) / Number of common stock outstanding
Earning per share = ($798,000 - $66,400) / 236,000 shares
Earning per share = $731,600 / 236,000 shares
Earning per share = $3.10 per share
Which type of communication technology is attractive to businesses
because it eliminates travel expenses by allowing simultaneous
communication globally?
O Groupware
Extranets
Intranets
Hotspots
Client-server networks
g e-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions. Which of the following terms best describes Futura-Core's abilities in comparison to Core-Dynamix? A. absolute advantage B. collective bargaining C. comparative advantage D. competitive advantage
Complete Question:
Futura-Core Technologies, an electronics manufacturing firm, has advantages in financial capability and sustainability, but a disadvantage in speed of innovation. It is also at a disadvantage relative to Core-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions.
Answer:
C. comparative advantage
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
Generally, comparative advantage gives a country or business firm a stronger sales margin than their competitors because they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
Hence, the term which best describes Futura-Core's abilities in comparison to Core-Dynamix is comparative advantage.
According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility. At what level of the pyramid does this occur
Answer:
Level 5
Explanation:
pyramid organizational structure is structure usually from 1 to 5 having , one leader at the top, along with
small executive leadership team which is at below level with tiers of managers that have their leading down to the bottom level of team of employees.
Level 5 leaders always shows
powerful mixture of personal humility as well as indomitable will. These set of people that fall under this heirachy are incredibly ambitious, though
their ambition comes as first and foremost as regards the cause, for the organization as well as its purpose and not themselves. It should be noted that According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility. This occur At
level 5 of the pyramid.
Answer:
Level 5
Explanation:
Leadership pyramid is a depiction of the control structure at different levels of management in an organic.
The five levels of leadership are:
Level 1 - Self awareness
Level 2 - Relationship
Level 3 - Vision
Level 4 - Strategy
Level 5 - Action.
When a manager can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility, they have attained the final level of the pyramid where they can influence the actions of their employees
Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open up and put money into a Roth IRA in your child's name so that she can benefit from many years of compounding
Answer:
No.
You cannot open up and put money into a Roth IRA in your child's name.
Explanation:
The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income. This means that only a child that has earned income can have an IRA opened for him or her. As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.
Which scenario below correctly describes an unearned revenue adjustment injury
Answer:
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Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of an ordinary annuity?
1) PMT x {1 – [1/(1 + r)nn]}/r
2) PMT x {[(1 + r)nn – 1]/r}
3) FV/(1 + r)nn
4) PMT x {[(1 + r)nn – 1]/r} x (1 + r)
Answer:
b. PMT x {[(1 + r)nn – 1]/r}
Explanation:
The formula that should be calculated for the future value of an ordinary annuity is shown below:
= PMT × {[(1 + r)^n - 1] ÷ r}
Here
PMT denotes the coupon payment
r denotes the rate of interest
n denotes the time period
So as per the given situation, the option b is correct
8. Why is the failure of a large bank more detrimental to the economy than the failure of a large steel manufacturer?
Answer:
Following are the responses to the given question:
Explanation:
Banks are just an integral aspect of an economy's flow of money. When a big steel factory fails, jobs and GDP will be lost, yet financing inside the economy would not be available because of the main banking collapse in decrease its availability of credit throughout the industry, a large bank is unable to do even more damage to the economy than a huge metal fabricator.
Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies. If the firm decides to upgrade its network, Melanie will probably function in what role in the firm's buying center
Answer:
Influencer
Explanation:
An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.
They have good social relations and this is an asset in directing customer buying decision.
In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.
This knowledge will be beneficial in the buying centre, where she can be an influencer.
Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, consumer surplus will
Answer: fall by less than $50.
Explanation:
The options are:
• fall by more than $50.
• fall by less than $50.
• rise by less than $50.
• rise by more than $50.
Expert Answer
Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.
Based on the question, the total Price paid is: 50 × $4 = $200
Total Revised Price = 50 × $5 = $250
Therefore, there will be a fall by $50 that's ($250 - $200).
XYZ has the following for the January budget: Budgeted sales are $210,000; Cost of goods sold averages 66% of sales; Marketing costs are $3,600; Distribution costs are $5,300; Administrative costs are $10,100. The budgeted nonmanufacturing costs are
Answer:
Budgeted manufacturing cost= $138,600
Explanation:
Giving the following information:
Budgeted sales are $210,000
Cost of goods sold averages 66% of sales
To calculate the budgeted manufacturing costs, we need to use the following formula:
Budgeted manufacturing cost= sales*COGS ratio
Budgeted manufacturing cost= 210,000*0.66
Budgeted manufacturing cost= $138,600
For years, Luke has had the idea of making his own business. As Luke will realize, he will face three basic economic questions. What are these questions?
a. When, How, For whom
b. Who, when, why
c. What, How, for whom
d. What, When, How
Vaughn Corporation had 303,000 shares of common stock outstanding on January 1, 2017. On May 1, Vaughn issued 31,200 shares.
Required:
a. Compute the weighted-average number of shares outstanding if the 31,200 shares were issued for cash.
b. Compute the weighted-average number of shares outstanding if the 29,700 shares were issued in a stock dividend.
Answer and Explanation:
The computation of the weighted-average number of shares outstanding in each cases is as follows:
a. At the time when the shares are issued at cash
= (303,000 × 12 ÷ 12) + (31,200 × 8 ÷ 12)
= 303,000 + 20,800
= 323,800 shares
b. At the time when the shares are issued in the stock dividend
= (303,000 × 12 ÷ 12) + (29,700 × 12 ÷ 12)
= 303,000 + 29,700
= 332,700 shares
Debt levels across industries vary widely. Debt ratios in most countries are considerably less than 100 percent. Some firms use no debt. Capital structures are fairly constant across industries. Most corporations have relatively low debt-asset ratios.
Complete Question:
Which one of the following is not empirically correct?
A. Debt levels across industries vary widely
B. Debt ratios in most countries are considerably less than 100 percent.
C. Some firms use no debt.
D. Capital structures are fairly constant across industries.
E. Most corporations have relatively low debt-asset ratios.
Answer:
The not empirically correct statement is:
D. Capital structures are fairly constant across industries.
Explanation:
Instead, the capital structures across industries vary significantly. Firms with large asset investments tend to have more leverage than others with less asset investments. And this situation of having or not having large investments in assets cuts across firms in the same industry. This suggests that their capital structures will always vary not because of the industry but the choices made by the firm's management. Capital structures are also influenced by taxes and operating income uncertainties, which also vary within the same industry.
The accounting records of Whispering Winds Corp. show the following data. Beginning inventory 3,010 units at $6 Purchases 8,130 units at $8 Sales 9,090 units at $11. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.
Answer:
$66,700
b. LIFO = $70800
67807.81
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
(8130 x 8) + [(9090 - 8130) x 6) = 70800
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
(3010 x 6) + [(9090 - 3010) x $8] = 66,700
Average cost = [(3010 x 6) + (8130 x 8)] /
18060
48640
b 65040
5760
The cash account for Feldman Company contains the following information for April:
Cash balance, 3/31 $14,685
Cash received during April 55,680
70,365
Cash disbursements during April:
Cheque 7164 $33,500
Cheque 7165 11,250
Cheque 7166 18,750
Cheque 7167 900 64,400
Cash balance, 4/30 $5,965
The bank statement for April contains the following information:
Bank balance, 3/31 $25,285
Add: Deposits during April 55,680
80,965
Less: Cheques paid during April:
Cheque 7162 $8,900
Cheque 7163 1,700
Cheque 7164 33,500
Cheque 7165 11,250 55,350
Bank balance, 4/30 $25,615
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Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and $1580000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39800 shares of common stock. During 2021, Sheffield paid dividends of $1.00 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $599000 and the income tax rate was 35%.
Diluted earnings per share for 2021 is :__________
Answer:
Diluted earnings per share for 2021 is: $2.19 per share.
Explanation:
Amount of increase in net income if bonds are converted = Total value of convertible bonds * Bond rate * (100% - Tax rate) = $1580000 * 4% * (100% - 35%) = $41,080
Total earnings available to Equity Shareholders = Net income + Amount of increase in net income if bonds are converted = $599000 + $41,080 = $640,080
Number of shares of common stock = 205,000
Number of common shares obtainable from preferred stock = 39,800
Number of common shares obtainable from convertible bonds = (Total value of convertible bonds / $1,000) * 30 = ($1580000 / $1,000) * 30 = 47,400
Total number of shares outstanding = Number of shares of common stock + Number of common shares obtainable from preferred stock + Number of common shares obtainable from convertible bonds = 205,000 + 39,800 + 47,400 = 292,200
Diluted earnings per share = Total earnings available to Equity Shareholders / Total number of shares outstanding = $640,080 / 292,200 = $2.19 per share
Therefore, we have:
Diluted earnings per share for 2021 is: $2.19 per share.
Tobin Supplies Company expects sales next year to be $520,000. Inventory and accounts receivable will increase $90,000 to accommodate this sales level. The company has a steady profit margin of 20 percent with a 30 percent dividend payout. How much external financing will Tobin Supplies Company have to seek
Answer:
$17,200
Explanation:
Calculation to determine How much external financing will Tobin Supplies Company have to seek
Net Income=[$520,000 x 20%]
Net Income = $104,000
Dividend Pay-out= [$104,000 x 30%]
Dividend Pay-out = $31,200
Additions to Retained Earnings = [$104,00 - $31,200]
Additions to Retained Earnings=$72,800
Now let determine the The External Financing Needed using this formula
The External Financing Needed = Increase in Assets – Additions to retained earnings
Let plug in the formula
The External Financing Needed= $90,000 - $72,800
The External Financing Needed= $17,200
Therefore The External Financing Needed is $17,200
Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $ 50,000 $ 31,000 $ 60,000 $ 140,000 $ 30,000 $ 311,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.)
Answer:
3.35 years
Explanation:
Computation of the payback period for this investment
Year Cash Inflow (outflow) Cumulative Net Cash Inflow (Outflow)
0 ($ 190,000) -
1 $ 50,000 $ 50,000
2 $ 31,000 $ 81,000
3 $ 60,000 $ 141,000
4 $ 140,000 $ 281,000
5 $ 30,000 $ 311,000
Payback period= 3.35 Years
OR
Payback period = 3 years + ($190,000 - $141,000)/$140,000
Payback period= 3 years + ($49,000/$140,000)
Payback period= 3 years + 0.35
Payback period= 3.35 years
Therefore the payback period for this investment is 3.35 years
ce Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 240 100 % Variable expenses 36 15 % Contribution margin $ 204 85 % Fixed expenses are $160,000 per month. The company is currently selling 1,100 units per month. Required: Management is considering using a new component that would increase the unit variable cost by $75. Since the new component would improve the company's product, the marketing manager predicts that monthly sales would increase by 600 units. What should be the overall effect on the company's monthly net operating income of this change if fixed
Answer:
Ace Corporation
The overall effect on the company's monthly net operating income of this change if fixed is a reduction:
= $5,100
Explanation:
a) Data and Calculations:
Per Unit Percent of Sales
Selling price $ 240 100 %
Variable expenses 36 15 %
Contribution margin $ 204 85 %
Fixed expenses are $160,000 per month
Current sales units per month = 1,100 units
Expected increase in unit variable cost = $75
New variable cost per unit = $111 ($36 + $75)
Expected increase in sales units per month = 600 units
New sales units per month = 1,700
Old Component New Component Overall Effect
Sales revenue $264,000 $408,000
Variable costs 39,600 188,700
Contribution margin $224,400 $219,300
Fixed expenses 160,000 160,000
Net operating income $64,400 $59,300 -$5,100
