Putting an X in the appropriate spot, classify the costs highlighted in yellow as: Direct Material, Direct Labor, Overhead, or Period Costs. Other costs have been provided for you.
The fixed and variable cost classifications have been provided for you.
Item/ Direct Direct Manufacturing Period Fixed Variable
Cost Material Labor Overhead Costs
Groomer x X
Day care attendant x X
Receptionist x X
Kennel attendant x
Food and water bowls x X
Fencing for day care area x
Installation of fencing x
Dog grooming arm (attaches to table)
12 kennels cost
Depreciation on kennels
Rent X
Utilties and insurance X
Grooming table x X
Grooming tub 48" x X
Heating system x X
Depreciation on heating system X
Clippers x
Shampoo (Crystal Clear:
five-gallon pail) x X
Cage bank (set of five)
Salon Tuff Capri mobile carry cart
Towels x
Scissors (7-inch straight,
ear & nose) x
Toys (used in day care only) x X
Cleaning products (used
throughout) x X
Dryer x
Rubberized flooring (day care) X
Loan X
Draw X

Answers

Answer 1

Answer:

The following costs are classified appropriately under the following heading:

Direct Material:

Food and water bowls

Dog grooming arm

12 kennels cost

Grooming table

Grooming tub 48"

Shampoo (Crystal Clear:  five-gallon pail)

Cage bank (set of five)

Salon Tuff Capri mobile carry cart

Towels

Scissors (7-inch straight,  ear & nose)

Toys (used in day care only)

Cleaning products (used  throughout)

Dryer

Direct Labour:

Groomer

Day care attendant

Receptionist

Kennel attendant

Rubberized flooring (day care)

Overhead:

Fencing for day care area

Installation of fencing

Utilties and insurance

Heating system

Draw

Period Cost:

Depreciation on kennels

Rent

Depreciation on heating system X

Clippers

Loan

Explanation:


Related Questions

Concert Hall sells season tickets for six events at a price of $78. In pricing the tickets, the planners assigned the leadoff event a value of $23 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,470 season tickets were sold for the 2013 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented.

Answers

Answer: $66,150

Explanation:

The leadoff event is priced at $23 out of the $78 and the rest of the 5 events will be priced equally.

This means that after the first event, the other 5 will cumulatively be valued at;

= (78 - 23)/5

= $11

The other events are priced at $11 each.

For the first 3 events therefore;

First event = $23 and the other 2 events are $11 each;

= 23 + 11 + 11

= $45

Tickets sold are 1,470;

Revenue from first 3 = 45 * 1,470

= $66,150

11. Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then: A. profit will go up 10% B. profit will go up more than 10% C. profit will go down by less than 10% D. profit will not change

Answers

Answer:

D

Explanation:

Profit = Revenue - cost

Cost = fixed cost + variable cost

if variable cost increases by 10%, cost would increase by 10%.

Revenue also increases by 10%

So, the increase in revenue would be cancelled by the increase in cost and profit would not change

Standard costs are used in companies for a variety of reasons. Which of the following is NOT one of the benefits of using standard costs?
a. to indicate where changes in technology and machinery need to be made
b. to estimate the cost of inventory
c. to plan direct materials, direct labor, and variable factory overhead
d. to control costs

Answers

Answer:

a. to indicate where changes in technology and machinery need to be made.

Explanation:

Standard cost in business management refers to the amount of money a product is supposed to cost in manufacturing it. It is a management tool that can be used to measure efficiency in the level of output or production of goods and services at a specific period of time.

In Financial accounting, the difference between the actual cost of each unit of a product and its standard cost is referred to as variance. In order to determine the standard cost of a product, the expected quantity of the product is multiplied by an expected price.

Standard costs are used in companies for a variety of reasons such as;

1. Standard costs are used to estimate the cost of inventory.

2. Standard costs are used to plan direct materials, direct labor, and variable factory overhead.

3. Standard costs are used to control costs.

However, standard costs cannot be used to indicate where changes in technology and machinery need to be made rather an actual cost should be used.

Additionally, the standard cost of each unit of a product manufactured in a business firm is categorized into two (2) and these are;

1. Price standard.

2. Quantity standard.

At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of 14,113. Determine the fraction of the total present value represented by the first set of N payments and the third set of N payments combined.

Answers

Answer:

the % of the present value that corresponds to the first 9 payments (N) =  47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N) =  90.86% of the annuity's present value.

Explanation:

we must use the present value of an annuity formula:

PV = annual payment x annuity factor

14,113 = 1,000 x annuity factor

annuity factor = 14,113 / 1,000 = 14.133

we know that the interest rate is 6.3%, now using an annuity calculator we can determine that the total number of periods is 36. The exact factor is 14.11322, but we can round to 14.113

the first set would represent 36/4 = 9 years

the % of the present value that corresponds to the first 9 payments (N) = PV = 1,000 x 6.71376 (PV annuity factor, 6.3%, 9 periods) = 6,713.76. This corresponds to 6,713.76 / 14,113 = 47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N)  = PV = 1,000 x 12.82329 (PV annuity factor, 6.3%, 27 periods) = 12,823.29. This corresponds to 12,823.29 / 14,113 = 90.86% of the annuity's present value.

Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. Indicate how each would be reported on a bank reconciliation.a. Deposit in transit $5,500. b. Bank service charges $25. c. Interest credited to Horton’s account $31. d. Outstanding checks $7,422. e. NSF check returned $377.

Answers

Answer:

a. Deposit in transit $5,500.

This is added to the balance on the bank statement because it has already been added to the books of the company but it is yet to be processed by the bank.

b. Bank service charges $25.

Deducted from the book balance because the bank has already deducted this charge from the company's bank account so the company needs to do the same in its books.

c. Interest credited to Horton’s account $31.

Added to the book balance because this is interest earned on the account from the bank. The bank has therefore already added it to the company's bank account and so the company needs to add it to their books.

d. Outstanding checks $7,422.

Deducted from the balance on the bank statement because the company issued a check from their account but it has not be debited from the bank account yet but has been recorded in the books.

e. NSF check returned $377.

Deducted from the book balance.

You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss

Answers

Answer:

Unlimited

Explanation:

GIven that:

You short-sell 200 shares of Tuckerton Trading Co

now selling for $50 per share.

If a short-sell occurs on a trade, the lower the share price, the higher the profit your are liable to achieve but if short-sell occurs and the share price is higher, then the  more loss you're going to accumulate.

From the question, the lowest possible share price is zero and the highest possible share price is infinity since there is no stop loss.

The maximum possible loss = 200 × 50( 1 - infinity share price)

= Unlimited loss

A stock has a beta of 1.15 and a reward-to-risk ratio of 6.15 percent. If the risk-free rate is 3 percent, what is the stock's expected return

Answers

Answer:

10.07%

Explanation:

According  to CAPM

the stock's expected return = risk free rate + (beta x reward-to-risk ratio )

3% + (6.15% x 1.15) = 10.07%

Barb bought a house with 20% down and the rest financed by a 30-year mortgage with monthly payments calculated at a nominal annual rate of interest 8.4% compounded monthly. She notices that one-third of the way through the mortgage she will still owe 200,000. Determine the purchase price of the house.

Answers

Answer:

$282,706

Explanation:

Calculation to Determine the purchase price of the house

First step

In order for us to determine the purchase price of the house we would be using TVM Calculation to find the PMT

Hence,

PMT =

PV = 200,000

FV = 0

N = 240

I = 0.084/12

Thus,PMT = $1,723.01

The Second step will be to Calculate the Loan Amount Using TVM Calculation,

PV =

FV = 0

PMT = -1,723.01

N = 360

I = 0.084/12

Thus, PV = $226,164.98

Last step is to Determine the purchase price of the house

Using this formula

Purchase price=PV/(100%-20% down)

Let plug in the formula

Purchase price =226,164.98/(0.80)

Purchase price = $282,706

Therefore the purchase price of the house will be $282,706

You have just been instructed to develop a schedule for introducing a new product into the marketplace. Below are the elements that must appear in your schedule. Arrange these elements into a work breakdown structure (down through level 3), and then draw the arrow diagram. You may feel free to add additional topics as necessary.1. Production layout2. Market testing3. Review plant cost4. Select distributors5. Analyze selling cost6. Analyze customer reactions7. Storage and shipping cost8. Select salespeople9. Training salespeople10. Trained distributors

Answers

Answer:

Attached below is the arrangement of these elements with additional topics  and arrow diagram

Explanation:

The given Elements are :  Production layout , market testing , Review plant cost, select distributors, Analyze selling cost, Analyse customer reactions, storage and shipping cost, select salespeople, training sales people, trained distributors. including additional topics as well

The Big Five Personality refers to the structures and propensities of people that explain their patterns of thought, emotion, and behavior. Although there are literally thousands of traits that can be used to describe an individual's personality, most traits reflect one of five broad dimensions or factors of personality: conscientiousness, agreeableness, neuroticism, openness to experience, and extraversion. It is especially useful for managers to understand the personality traits of their employees since these traits often have important implications for workplace attitudes and behaviors, such as performance and commitment. The following activity takes you through the thought process of a manager trying to hire a new sales associate based on personality assessments of the candidates. Imagine that you are a midlevel manager at a paper company and you are in the process of hiring a new sales associate. So far, you have scheduled interviews with three potential candidates. You just concluded your first interview and want to spend some time reflecting on the notes you took. In particular, you want to make sure that you have a solid grasp of each candidate's personality traits since you know how important that can be on the job. Read through the notes and classify them according to the Big Five Taxonomy of personality. Conscientiousness Agreeableness Neuroticism Took Initiative Openness to Experience Cold Hardworking Extraversion

Answers

Answer and Explanation:

Please find attachments

The big five taxonomy of personality refers to the "Big five" personality traits believed to be the traits on which many different personalities of people revolve. They include:extraversion, agreeableness, openness, conscientiousness, and neuroticism.

 In the example above, based on the manager's interview with Cynthia. The manager can understand her personality by classifying using the big five personality traits  based  on information gathered from her and recommendations:

Cynthia took initiative: this falls under openness which are people who are creative and adventurous and like to learn new things  

Cynthia could be hardworking: this falls under conscientiousness characterized by people who are generally organized and careful about things

Cynthia follows procedures: this falls under agreeableness which is the tendency to be trust and be cooperative

Cynthia seemed nervous: this falls under neuroticism which is the tendency for one to be emotionally unstable and usually have mood swings, anxiety or be sad

Cynthia was described as cold: this is also fall under neuroticism as Cynthia could be depressed

Employees who are not a target of sexual harassment but work where it is occurring can file what type of lawsuit

Answers

Answer: Third-party lawsuit

Explanation:

A third party lawsuit is a form of lawsuit which is brought against another individual or another party in regards to the injuries which are being suffered by the plaintiff.

A third party lawsuit can be filed by the employees who are not a target of sexual harassment but work where it is occurring.

As the athletic shoe buyer for Sports Authority, how would you go about forecasting sales for a new Nike running shoe?

Answers

Answer:

The answer is below

Explanation:

I would go about forecasting sales for a new Nike running shoe in the following ways:

1. Check past sales history: Examining Nike's sales history to check and differentiate which items have high sales well and those items that didn’t. This will help anticipate and forecast sales for the new Nike running shoe by putting it side by side with a similar product.

2. Conduct detailed market research: This is vital to predicting prospective sales in order to determine if the shoes will sell satisfactorily.

Making research to infer specifically the products, consumers wants will give Nike a current idea of what is in vogue. Thus, by conducting detailed research and discovering what their consumers prefer and disfavor, they will have the ability to predict sales for a new item.

Would activity-based costing or activity-based management be useful for the airport store? Why or why not?

Answers

Answer with Explanation:

Activity based costing will not be useful because the airport store has hundreds of items which share a indirect costs like rentals, warehouse expenses, delivery costs, electricity, maintenance costs, etc.

The reason why its use in the case of airport store is not beneficial is as under:

Time Consuming: All indirect costs can't be absorbed in hundreds of product and would take more than one month to allocate indirect costs to each product. List of Restricted Product Price: Another reason is that the airport stores are given a price schedule which restrict selling of products at higher costs. This means if the contribution arising from the product then we can't change its price as it is restricted by the airport authorities.The indirect cost remains fixed and is not changing in this case which means it is not determinable which product consumes greater share of indirect cost as sometimes shelves will be not 100% occupied hence determining cost drivers for each cost pool would be a difficult task.Purpose is Lost: The purpose of ABC is to allocate the indirect costs to each product which apportioned on a fairer basis and lower the indirect cost by lowering the usage of cost drivers. The indirect costs can't be lowered as maintenance cost is fixed, electricity consumption remains the same, rentals are also fixed, this means that the purpose of allocation and controlling of cost drivers is lost.Suitable for Manufacturers not for Stores: The manufacturer's products deal with dozens of costs that are variable if the cost driver changes. The cost driver changes are not changing the indirect cost in the case of airport store which means that if a product which occupied 1 shelve is now occupying 2 shelves is not increasing the rental cost.

Hence ABC is not suitable for airport store.

Delta Corporation has a higher times interest earned ratio than Gamma Corporation. From this information, we can assume that Delta is relatively better able to meet its interest payments.
a. True
b. False

Answers

Answer: True

Explanation:

The times interest earned ratio indicates how a company will be able to meet its debts obligations which is based on the current income of the company.

Since Delta Corporation has a higher times interest earned ratio than Gamma Corporation, it means that Delta is relatively better able to meet its interest payments.

Delta in its effective terms means the measurement of the rate of change in the premium whereas the gamma is meant as the measure of the movement of the risk. Delta is linked with the ranges of 0 and 1 and gamma is linked with the range of long and short-run in the market.

The correct answer is True

The time's interest earned ratio indicates how a company will be able to meet its debts obligations which are based on the current income of the company.

Since Delta Corporation has a higher times interest earned ratio than Gamma Corporation, it means that Delta is relatively better able to meet its interest payments.

To know more about the delta and gamma, refer to the link below:

https://brainly.com/question/3645138

g A company's most recent balance sheet reported total assets of $1.9 million, total liabilities of $0.8 million, and total equity of $1.1 million. Its Debt to equity ratio is: Group of answer choices

Answers

Answer:

0.73

Explanation:

Debt to equity ratio is calculated as Total debt / Total equity

= $0.8 million / $1.1 million

= 0.73

Therefore, debt to equity ratio is 0.73

The cities of Tampa Bay and St. Petersburg, located on opposite sides of the Tampa Bay, are associated with what manufacturing industry

Answers

Answer:

The cities of Tampa Bay and St. Petersburg, are associated with the electronics and stationary manufacturing industry. For example office equipment, electronics, and optical products are manufactured in great quantities in both cities.

Explanation:

Suppose that in 2011, per-person GDP in Singapore was $53,591, and in Egypt, it was $5,547, as measured in 2005 purchasing power parity U.S. dollars.
It is accurate to say that the income level in Singapore is higher / lower than in Egypt. Why is this comparison accurate?
a. There are significant differences in incomes between high- and low-income countries.
b. Egypt is characterized by a higher share of industrial production in total output than Singapore is.
c. Singapore is characterized by a larger share of household production in total output than Egypt is.
d. Egypt is characterized by a larger share of household production in total output than Singapore is.

Answers

Answer:

a. There are significant differences in incomes between high- and low-income countries.

Explanation:

Data provided in the question

Per person GDP in Singapore = $53,591

Per person GDP in Egypt = $5,547

Based on the above information

As we can see that the level of income in Singapore is higher than Egypt also when there is an important difference in the high income and low income countries the same is shown accurately

hence, the correct option is a.

Assume that the firm is 40% financed by debt and 60% financed by equity. Its cost of debt is 8% and the cost of equity is 15%. The tax rate is 40%. What is the firm’s WACC?

Answers

Answer:

10.92%

Explanation:

A firm is 40% financed by debt

= 40/100

= 0.40

The firm is also 60% financed by equity

= 60/100

= 0.60

Its cost of debt is 8%

=8/100

=0.08

Cost of equity is 15%

= 15/100

= 0.15

Tax rate is 40%

= 40/100

= 0.40

Therefore, the firm's WACC can be calculated as follows

WACC= 0.40×0.08×(1-0.40) + 0.60×0.15

= 0.032×0.6 + 0.09

= 0.0192 + 0.09

= 0.1092×100

= 10.92%

Hence the firm's WACC is 10.92%

Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. What is the company's overall net operating income if it operates at the break-even points for its two divisions?

Answers

Answer:

Neelon Corporation

                                              Total Company   Southern   Northern

                                                                          Division      Division

Sales                                          $ 418,000    $ 193,000    $ 225,000

Variable expenses                    $ 130,880      $ 79,130        $ 51,750

Traceable fixed expenses       $ 186,000      $ 77,000     $ 109,000

Common fixed expense           $ 79,420      $ 36,670       $ 42,750

Net operating income               $ 21,700            $200         $21,500

Explanation:

a) Data and Calculations:

                                             Total Company   Southern   Northern

                                                                          Division      Division

Sales                                          $ 418,000    $ 193,000    $ 225,000

Variable expenses                    $ 130,880      $ 79,130        $ 51,750

Traceable fixed expenses       $ 186,000      $ 77,000     $ 109,000

Common fixed expense           $ 79,420       $ 36,670      $ 42,750

Net operating income               $ 21,700             $200       $21,500

Neelon Corporation reaches break-even point when it will make no profit or loss.  This implies that its break-even point is reached when sales revenue equals both variable and fixed costs.  The excess that Neelon Corporation generates from sales revenue over total costs is regarded as operating income.

A bond issue with a face amount of $1,200,000 bears interest at the rate of 9%. The current market rate of interest is 10%. These bonds will sell at a price that is:

Answers

Answer: The selling price of the bond will be less than $1,200,000

Explanation:

From the question, we are informed that a bond issue with a face amount of $1,200,000 bears interest at the rate of 9% and that the current market rate of interest is 10%.

Since the market rate is 10% which is higher than coupon rate of 9%, this means that the market price for the bond will be smaller than the bond's face value.

Therefore, the selling price of the bond will be less than $1,200,000.

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assigned to each machine and each machine must be assigned one job?
A. 5
B. 1
C. 3,125
D. 120
E. 25

Answers

Answer: D. 120

Explanation:

The first machine being assigned a job can be assigned one from 5 jobs.

Once that happens, the next machine can only be assigned from any one of 4 jobs.

The next machine, any one of 3 jobs.

The next machine, any one of 2 jobs.

The Last machine gets the last job remaining.

The different ways a job can be assigned therefore are;

= 5 * 4 * 3 * 2 * 1

= 120

intext:"Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is"

Answers

Answer:

Dr  Allowance for Doubtful Accounts 2,000

Cr Accounts Receivable - A. Hopkins 2,000

Explanation:

Preparation of the Journal  entry that Gideon will makes in order to record the write off of the account on May 3

Based on the information given we were told that on May 3 the Company wrote off the amount of $2,000 a uncollectible account of its customer which was A. Hopkins, this means that the Journal entry will be recorded as:

May 3

Dr  Allowance for Doubtful Accounts 2,000

Cr Accounts Receivable - A. Hopkins 2,000

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of directors declares a 20 percent stock dividend. This stock dividend will be distributed on January 20, 2016 to the stockholders of record on January 15, 2016. The market price of the company's stock is $10 per share on December 31, 2015. Required:Complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names and dollar amounts.

Answers

Answer:

December 31, 2015

DR Retained Earnings $40,000  

       CR Common Stock Dividend Distributable   $40,000

(To record declaration of stock dividend)

 

Working

Common Stock Dividend Distributable

= No. of shares * Par value * % stock dividend

= 100,000 * 2 * 20%

= $40,000

A company has evaluated several projects using net present value. All projects are similar in amount invested and risk. Rank the projects in the order they should be accepted.

Answers

Answer:

First option - $2067

second option - $340

third option - $62

not acceptable - ($615)

Explanation:

Please find attached the question used in answering this question.

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

On January 1, the listed spot and futures prices of a Treasury bond were 95.4 and 95.6. You sold $100,000 par value Treasury bonds and purchased one Treasury bond futures contract. One month later, the listed spot price and futures prices were 95 and 94.4, respectively. If you were to liquidate your position, your profits would be a Group of answer choices $125 profit. $1,060.50 loss. None of the options are correct. $125 loss. $1,062.50 profit.

Answers

Answer:

None of the options are correct.

Explanation:

We start by calculating the net change of the treasury bond position.

= $95,125 - $95,000

= $125

The long treasury bond position gains $125 after a month.

We will also calculate the net change of the treasury bond futures contract.

= $94,125 - $95,187.50

= -$1,062.50

Therefore, Net profits is;

= $125 - $1,062.50

= -$937.50

Milano Gallery purchases the copyright on an oil painting for $510,000 on January 1, 2017. The copyright legally protects its owner for 12 more years. The company plans to market and sell prints of the original for 19 years.


Requried:

Prepare entries to record the purchase of the copyright on January 1, 2017, and its annual amortization on December 31, 2017.

Answers

Answer:

See journal entries below.

Explanation:

The copy right is known as an intangible asset that is purchased to a business hence debited to factor in its purchase value while the bank is credited for the payment for the purchase.

Although the copyright is amortized for 12 years, the copyright protection expires after 12 years - which is the legal year irrespective of its plan to market and sell the painting for 19 years.

• Entries to record to record the purchase of copyrights on January 1, 2017.

Date

January 1,2017

Copyright Dr $510,000

Bank Cr $510,000

(Being purchase of 12 years painting copyrights)

• Annual amortization on December 31, 2017

December 31, 2017

Amortization Dr $42,500

Copyright Cr $42,500

(Being annual amortization cost on 12 years painting copyright)

You own a portfolio that has a total value of $145,000 and a beta of 1.31. You have another $58,000 to invest and you would like the beta of your portfolio to decrease to 1.19. What does the beta of the new investment have to be in order to accomplish this

Answers

Answer: 0.89

Explanation:

The total portfolio beta is a weighted average of the constituent security betas.

145,000 + 58,000 = $203,000

The total portfolio beta of 203,000 should have a beta of 1.19.

Proportion of New investment = 58,000/203,000

= 28.57%

Proportion of old portfolio = 145,000/203,000

= 71.43%

(0.7143 * 1.31) + (0.2857 * x) = 1.19

0.9357 + 0.2857x = 1.19

0.2857x = ‭0.2543‬

x= 0.89

Colleen, an active union member, applies for a job at a company that her union has targeted so that she can start organizing efforts in favor of the union. She is also being paid by the union for her efforts. Which of the following practices is Colleen employing?a. Embeddingb. Saltingc. Corporate intelligence d. Subversion

Answers

Answer:

Correct Answer:

a. Embedding

Explanation:

Colleen could only be able to acquire the needed information about the company which her Union targets by applying to work in the company. The act of infusing herself with the company is called Embedding.

She would be able to be closer to other workers as well encourage them on the need to join the unions. This she could not be able to achieve if she was outside the company.

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate Total Cost of goods sold $45,500 $30,500 Direct operating expenses 27,600 23,000 Sales 92,300 67,600 Interest expense $2,100 General overhead 18,900 Income tax 4,000 The income from operations for the Locomotive Division is a.$44,600 b.$67,600 c.$14,100 d.$37,100

Answers

Answer:

$14,100

Explanation:

To find the answer, we use the following formula:

Income from operations = Sales - Cost of Goods Sold - Direct Operating Expenses - General Overhead

Income from operations = $67,600 - 30,500 - 23,000

                                        = $14,100

Charlie hopes to accumulate $83,000 in a savings account in 10 years. If he wishes to make a single deposit today and the bank pays 3 percent compounded annually on deposits of this size, how much should Charlie deposit in the account

Answers

Answer:

PV= $61,759.80

Explanation:

Giving the following information:

Future value (FV)= $83,000

Number of years (n)= 10 years

Interest rate (i)= 3% compounded annually

To calculate the initial deposit, we need to use the following formula:

PV= FV/(1+i)^n

PV= 83,000 / (1.03^10)

PV= $61,759.80

Other Questions
Leia o trecho abaixo da crnica "Blecaute", de Paula Pimenta: 01 - Aponte o fato que levou a cronista a escrever a crnica sobre o tema "blecaute": * 1 ponto a) A pergunta feita pelo professor de violo clssico sobre a eletricidade. B) O blecaute demorado na aula de msica. C) A comodidade proporcionada pela eletricidade. D) O retorno da luz na aula de msica. I want to travel to a country . should I take my sister or my best friend ? g The company plans a 4-for-1 stock split. How many shares will you own and what will the share price be after the stock split? On the following number line, two rational numbers are graphed. Represent the two numbers as fractions (or mixed numbers) in lowest terms, and write two different expressions to represent the difference between them. Then, find the difference, showing all of your work. The points (-6,-4) and (3,5) are the endpoints of the diameter of a circle. Find the length of the radius of the circle.The length of the radius is a(Round to the nearest hundredth as needed.) Due to the side-effects of industrialization, Roosevelt passed many conservation efforts, such as:A. The 17th AmendmentB. The Sierra ClubC. The Federal Employers Liability ActD. The Clayton Antitrust Act CAN SOMEONE HELP ME PLEASE ITS INTEGRATED SCIENCE AND I AM STUCK To the nearest whole percent, what is the probability that a randomly chosen member of the JV swim team does not wear glasses and is in the 10th grade? 14% 17% 55% 67% i)Briefly discuss the strengths and weaknesses of the four spectroscopy techniques listed below. Include in your answer the specific structural information you get from each method.IRUV-VISNMRMass Spec Which of the following inferences is best supported by the passage below (paragraph 5)?I didn't really have any friends yet, so I was on my own for tryouts. The routine was easy to learn-a jazzy numbers performed to a big bandversion of "Swanee" (you know, the "how I love ya, how I love ya" one). There was a lot of sliding with jazz hands and an entire section of highkicks. I could kick higher than all of the girls except one dancer named LeeAnne. I practiced so much that I could do that routine in my sleep. I stillremember parts of it today.O A The author was confident in her preparation for the tryout.B. The author was very jealous of LeeAnne.C. The author was bad at the routine.D. The author thought the routine was so easy that she didn't need to practice it Initial Knowledge CheckQuestion 2Suppose that $4000 is placed in an account that pays 11% interest compounded each year.Assume that no withdrawals are made from the account.Follow the instructions below. Do not do any rounding.(a) Find the amount in the account at the end of 1 yearsc(b) Find the amount in the account at the end of 2 years.? Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley issued $6,200,000 of 9-year, 9% bonds at a market (effective) interest rate of 6%, receiving cash of $7,479,078. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, Year 1. If an amount box does not require an entry, leave it blank.b. Journalize the entry to record the first interest payment on October 1, Year 1, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank. c. Why was the company able to issue the bonds for $20,811,010 rather than for the face amount of $20,000,000? 30 PTS!! Can someone PLEASE rephrase this? The compass and straightedge is more important in constructing geometric structures than other drawing tools such as rulers and protractors. Because steps taken with a compass and straightedge cannot be seen at first glance and this situation become a problem for students. What is included in an objective summary? Select all that apply. A. the descriptive details from a text B. the most important details from a text C. the central idea in a text D. the readers opinion about a text When considering the mental health aspects of public health emergencies and disasters, we are most concerned with the phenomenon of: Question number 4.. A plastic dowel has a Young's Modulus of 1.50 1010 N/m2. Assume the dowel will break if more than 1.50 108 N/m2 is exerted.(a) What is the maximum force (in kN) that can be applied to the dowel assuming a diameter of 2.40 cm?______Kn(b) If a force of this magnitude is applied compressively, by how much (in mm) does the 26.0 cm long dowel shorten? (Enter the magnitude.)mm Which element refers to musically depicting the emotion in the words of a musical piece?A intellectual movement of humanismB. word paintingC. balancing the usage of rhythm and tone colorD. combining lyrics and rhythm in a motet A bus company has contracted with a local high school to carry 450 students on a field trip. The company has 18 large buses which can carry up to 30 students and 19 small buses which can carry up to 15 students. There are only 20 drivers available on the day of the field trip.The total cost of operating one large bus is $225 a day, and the total cost of operating one small bus is $100 per day.Determine the minimum cost of transporting all 450 students. PLEASE HELP ASAP Madelyn drove a race car in a race. She averaged 55 mph and began the race 0.5 hours ahead of the other drivers. The variable d represents Madelyn's distance driven, in miles. The variable t represents the number of hours since the other drivers began to race. Which equation can be used to determine the distance Madelyn drove t hours into the race? d=55t0.5 d=55(t+0.5) d=55(t0.5) d = 55t + 0.5