Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a 60% probability that the firm will generate earnings per share of $3.10; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Concordia Corporation

Answers

Answer 1

Answer:

3.17

Explanation:

Expected earnings per share = (15%x2.40)+(60%x3.10)+(25%x3.80)


Related Questions

A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in order to have the desired sum in ten years, if the money can be invested at 12%? (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

Answers

Answer:

$6,439.56

Explanation:

The computation is shown below:

As we know that

Future value = Present Value × Future Value Interest Factor  

where,  

Future value interest factor = ( 1 + r )^10

= ( 1.12 )^10

= 3.1058

Now  

Present value of the future sum is

= $20,000 ÷ 3.1058

= $6,439.56

If an agent injures a third party during the course of employment, to what extent should the employer be held liable? Under what circumstances should the agent be held personally liable? Provide an example to illustrate your opinion.

Answers

Answer:

The employer will be held liable.

Explanation:

If the external agent brings harm or injury to a third party in the course of an employment, the employer is held liable. When a principal directs an agent to commit for a tort or if the principal is aware of the consequences of carrying the instructions of the agent could cause harm or injure the person, then the principal is liable.

It is called direct liability.

The liability for the intentional tort which is imputed to the principal when the agent acts to further the business of the principal.

The agent is personally liable under the following circumstances :

  Foreign principalAgent signs the contract in his own nameNon-existent principal  Principal cannot be sued:Undisclosed principal

Example :

A credit card company hires a sales person and offers a company van to make sales in that area. The sales person uses the office van to official purposes. But one night, he drove the car to a friend's party and while coming he drove over a pedestrian. In this case, the owner of the company will not be held liable as the sales person uses the company van for his personal use while going out for party with his friends. While causing the accident, the sales person was not not using the office van for official purposes and was not tendering official duties at that time.

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1.735 million in annual sales, with costs of $650,000. The project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. The tax rate is 21 percent.
a) what is the projects year 0,1,2,3 net cash flow?
b) if the required return is 12 percent, what is the project's NPV?

Answers

Answer:

Quad Enterprises

a. The project's net cash flow:

Year 0    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150

b. The project's NPV is -$261,126

Explanation:

a) Data and Calculations:

Initial cost of investment in fixed asset = $2.32 million

Estimated annual sales = $1,735,000

Estimated annual costs =     650,000

Before-tax income           $1,085,000

Company tax (21%)               227,850

Net income/cash flow        $857,150

a. The project's net cash flow:

Year 0    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150

b. The project's NPV, if the required return is 12%:

Period    Cash Flows          

Annuity Factor for 3 years at 12% = 2.402

Year 0    -$2.32 million    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150           $2,058,874 ($857,150 * 2.402)

NPV =                               -$261,126

In which one of the following circumstances should a company's managers seriously consider modifying their strategy to strongly differentiate the company's branded footwear from the offerings of rival companies and achieve a competitive advantage based on a wide selection of 450-500 models/styles and "high" S/Q ratings?
a) When one or more rivals produce and market branded footwear with the same (or higher) number of models/styles that the company is offering to the buyers of athletic footwear and also have below-average retail prices in the Internet segment and below-average wholesale prices in the Wholesale segment
b) When many rival companies are spending heavily on retailer support and search engine advertising
c) When one or more rivals also produce and market branded footwear having much the same (or higher) S/Q ratings and these rivals are offering higher mail-in rebates and delivering orders for branded footwear to footwear retailers in 1-2 weeks
d) When the company is struggling to achieve the sales volumes needed to meet or beat the five investor-expected performance targets because the global marketplace for branded footwear is overcrowded with companies locked in a fierce competitive battle to sell 450- 500 models of branded footwear with high S/Q ratings at premium prices to the same comparatively narrow high-end buyer segment
e) When the company's cost per branded pair sold is above the industry average in all four geographic regions

Answers

Answer:

The circumstance in which a company's managers should seriously consider modifying their strategy to strongly differentiate the company's branded footwear from the offerings of rival companies and achieve a competitive advantage based on a wide selection of 450-500 models/styles and "high" S/Q ratings is:

c) When one or more rivals also produce and market branded footwear having much the same (or higher) S/Q ratings and these rivals are offering higher mail-in rebates and delivering orders for branded footwear to footwear retailers in 1-2 weeks.

Explanation:

S/Q ratings are Athletic Footwear Styling and Quality ratings.  The ratings are championed by a consumer group, which undertakes to rate the styling and quality of the footwear of all footwear producers by assigning a styling-quality or S/Q rating of 0 to 10 stars to each company's branded footwear offerings.  If the company has the same rating with a competitor and the competitor employs some strategic moves to better its competitiveness, then the company must change its differentiation strategy.

The company manager considers modifying the strategy when there has been rival with better or same footwear quality and delivery as yours. Thus option C is correct.

The S/Q rating has been the styling and quality rating that has been assigned to the footwear by the consumer groups. The strategy for the selling of an product has been improvised in the market when there has been the presence of a competitor with the same strategy as yours.

Thus company managers seriously consider modifying their strategy when one or more rivals also produce and market branded footwear having much the same (or higher) S/Q ratings and these rivals are offering higher mail-in rebates and delivering orders for branded footwear to footwear retailers in 1-2 weeks. Thus option C is correct.

For more information about the marketing strategy, refer to the link:

https://brainly.com/question/14033301

Journalizing credit sales, note receivable transactions, and accruing interest.
Endurance Running Shoes reports the following:
2018
​​May 6 Recorded credit sales of . Ignore Cost of Goods Sold.
Jul. 1 Loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note.
Dec. 31 Accrued interest revenue on the Paul note.
2019
Jul. 1 Collected the maturity value of the Paul note.
Journalize all entries required for Endurance Running Shoes.

Answers

Answer:

6-May-18

Dr Accounts receivables $102,000.00

Cr To Sales revenue $102,000.00

1-Jul-18

Dr Note receivables $18,000.00

Cr To Cash $18,000.00

31-Dec-18

Dr Interest receivables $630.00

Cr To Interest revenue $630.00

1-Jul-19

Dr Cash $19,260.00

Cr To Interest revenue $630.00

Cr To Interest receivables $630.00

Cr To Note receivables $18,000.00

Explanation:

Preparation of the journal entries required for Endurance Running Shoes.

6-May-18

Dr Accounts receivables $102,000.00

Cr To Sales revenue $102,000.00

(To record sales revenue)

1-Jul-18

Dr Note receivables $18,000.00

Cr To Cash $18,000.00

(Being loan given)

31-Dec-18

Dr Interest receivables ($18,000*7%*6/12) $630.00

Cr To Interest revenue $630.00

(To record interest accrued)

1-Jul-19

Dr Cash $19,260.00

($18,000+$630+$630)

Cr To Interest revenue $630.00

Cr To Interest receivables $630.00

($18,000*7%*6/12)

Cr To Note receivables $18,000.00

(To record receipt of note at maturity)

If a company or organization encourages employees but not the executives to participate in its social responsibility objectives and strategies, what is the probable effect

Answers

Answer:

Failure to meet CSR goals

Explanation:

In simple words, if any organisation wants to achieve their corporate social responsibility goals then it has to ensure that employees working in every unit and post must be included in the process. If the executive level will not indulge in such activities then there of high chance that the process will not go beyond a certain extent due to lack of motivation and authority regulation.

QS 4-19B Recording estimates of future discounts LO P6 ProBuilder has the following June 30 fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $10,200. Of the $10,200 of receivables, $2,100 are within a 3% discount period, meaning that it expects buyers to take $63 in future discounts arising from this period’s sales. a. Prepare the June 30 fiscal-year-end adjusting journal entry for future sales discounts.

Answers

Answer:

Dr Sales Discount $63

Cr Allowance for Sales Discount $63

Explanation:

Preparation of the June 30 fiscal-year-end adjusting journal entry for future sales discounts.

Based on the information given the June 30 fiscal-year-end adjusting journal entry for future sales discounts will be:

30-June

Dr Sales Discount $63

Cr Allowance for Sales Discount $63

(3%*$2,100)

(To record future sales discounts)

On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS useful life of 7 years. Section 179 was not elected. MACRS depreciation properly claimed on the asset, including depreciation in the year of sale, totaled $79,605. The equipment was sold on July 1, 2021, for $290,000. As a result of the sale, the adjustment to taxable income needed to arrive at current E & P is:_________

a. No adjustment is required.
b. Increase $49,605.
c. Decrease $79,605.
d. Decrease $49,605,

Answers

Answer:

decrease $49,605

Explanation:

corporation purchased eqipment = $ 300000

ADS recovery period = 10 years

MACRS useful life of 7 years

th eequipment sold for $290,000

The result is option d. Decrease $ 49,605

How are changes in U.S. demographics affecting the workplace relative to demographic changes in our traditional competitors

Answers

Answer:

The changes in demographics are affecting the workplaces in both positive and negative manner. With continuous immigration of workforce from Asian countries and neighbor countries like Mexico, America is facing some serious crises of jobs shortage.

On the other hand, due to such import of human resource companies are able to get best talent inn hand to operate their activities.

1. The highest risk for the exporter is in a. Letter of credit c. Advance payment b. Bill of exchange d. Consignment sales ​

Answers

Answer:

1. The highest risk for the exporter is in

d. Consignment sales.

Explanation:

a) A consignment sale is not an actual sale.  The risk remains with the exporter until the consignee has sold the goods and remitted the required amount to the consignor (exporter).  With a letter of credit, the exporter has made an actual sale guaranteed for payment by the importer's bank.  With advance payment, the exporter has received some payment for the goods before the importer receives them.  With a bill of exchange, there is a formal instrument acknowledging the sale.  Therefore, a bill of exchange, letter of credit, and advance payment are used for actual sales, while consignment sale is for transfers of goods for sale.

What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the EBITDA exit multiple

Answers

Answer:

$315,198

Explanation:

WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.

WACC = 11.5%

Exit multiple = Total cash outflow / Total cash inflow

Exit multiple = $120,000 / 36,000 = 3.3x

EBITDA of the company is $178,412.

During the year, Gary, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. At the end of last year, his stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has no accumulated E & P. Which statement is correct?a. Gary recognizes a $1,000 LTCG.b. Gary’s stock basis is $2,000.c. Gary’s ordinary income is $15,000.d. Gary’s tax-free return of capital is $11,000.

Answers

Answer: a. Gary recognizes a $1,000 LTCG

Explanation:

Long Term Capital Gain is calculated by the formula:

= Distribution from company - Basis in stock - Ordinary income earned during the year

= 16,000 - 4,000 - 11,000

= $1,000

First statement is therefore correct that Gary would recognize an LTCG of $1,000.

DEFINITION TERM 1. Investments in debt securities that are not held-to-maturity or trading. 2. Investments in debt securities that are actively traded. 3. Investments in debt securities intended to be held until maturity. 4. Investments in equity securities with significant influence.

Answers

Answer:

1. Available-for-sale securities.

2. Trading.

3. Held-to-maturity.

4. Significant influence.

Explanation:

An investment can be defined as the acquisition of fixed capital assets, items or goods for the sole purpose of generating income in the future. The goal of all investors is to purchase assets or properties that would appreciate over time i.e an increase the value of the assets compared to when it was acquired.

The various types of an investment include the following;

1. Available-for-sale securities: investments in debt securities that are not held-to-maturity or trading.

2. Trading: investments in debt securities that are actively traded. This type of debt securities are usually reported as current assets.

3. Held-to-maturity: investments in debt securities intended to be held until maturity. Depending on the maturity of the debt securities, held-to-maturity securities are reported in long-term or current assets.

4. Significant influence: investments in equity securities with significant influence.

Depreciation on equipment for the year is $5,640.
Journalize the transaction if the company prepares adjustments once a year.
(a) Record the journal entry if the company prepares adjustments once a year.*
(b) Record the journal entry if the company prepares adjustments on a monthly basis.*
*Refer to the Chart of Accounts for exact wording of account titles.
Chart of Accounts
CHART OF ACCOUNTS
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Prepaid Insurance
16 Equipment
17 Accumulated Depreciation-Equipment
LIABILITIES
21 Accounts Payable
22 Notes Payable
23 Unearned Fees
24 Wages Payable
25 Interest Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Fees Earned
EXPENSES
51 Advertising Expense
52 Insurance Expense
53 Interest Expense
54 Wages Expense
55 Supplies Expense
56 Utilities Expense
57 Depreciation Expense
59 Miscellaneous Expense
General Journal
(a) Record the journal entry on December 31, if the company prepares adjustments once a year.*
(b) Record the journal entry on December 31, if the company prepares adjustments on a monthly basis.*
*Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
2
3
4

Answers

Answer:

a.

Date                 Account Title                                        Debit              Credit

XX-XX-XXX     Depreciation Expense                       $5,640

                        Accumulated Depreciation                                       $5,640

b.

Date                 Account Title                                        Debit              Credit

XX-XX-XXX     Depreciation Expense                         $470

                        Accumulated Depreciation                                          $470

Working

Monthly depreciation = Annual depreciation / 12 months

= 5,640 / 12

= $470

Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of that characteristic in the blank next to each description.
A. Callable
B. Convertible
C. Cumulative
D. Noncumulative
E. Nonparticipating
F. Participating
_____ 1. Holders of the stock are entitled to receive current and all past dividends before common stockholders receive any dividends.
_____ 2. The issuing corporation can retire the stock by paying a prespecified price.
_____ 3. Holders of the stock can receive dividends exceeding the stated rate under certain conditions.
_____ 4. Holders of the stock are not entitled to receive dividends in excess of the stated rate.
_____ 5. Holders of this stock can exchange it for shares of common stock.
_____ 6. Holders of the stock lose any dividends that are not declared in the current year.

Answers

Answer and Explanation:

The classification is as follows

a. In the callable, the corporation who issued could retired the stock by payoff the mentioned price

b. In the convertible, the stockholders could able to exchange for the common stock shares

c. In the cumulative, the stockholders should received the current as well as the past dividends prior to the common stockholders

d. In the non-cumulative, the stockholders should lose the dividend that not declared in the present year

e. In the non-participating, the stockholders should not received any dividend that more than the stated rate

f. In the participating, the stockholder should received any dividend that more than the stated rate

The current ratio of a firm with current assets of $300,000, current liabilities of $100,000, and inventory of $100,000 is:

Answers

Answer: 3.0

Explanation:

The current ratio of a firm allows us to tell whether the company is able to pay off its current obligations using its current assets.

Current ratio is calculated by:

= Current assets / Current liabilities

= 300,000 / 100,000

= 3.0

Inventory is already included in current assets so there is no need to add it again.

If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded?
a. Will increase by 45 per cent
b. Will increase by 5 per cent
c. Will decrease by 45 per cent
d. Will decrease by 5 per cent

Answers

Answer:

what is the question and where areu from

It’s b because it will increase

When a parent owns less than 100% of a subsidiary, the noncontrolling interest shareholders are allocated their ownership percentage of income or net assets in all of the following eliminating entries except for: Group of answer choices The basic investment account elimination entry The excess value (differential) entry The optional accumulated depreciation elimination entry The amortized excess value reclassification entry

Answers

Answer: The optional accumulated depreciation elimination entry

Explanation:

A non-controlling interest, is also refered to as a minority interest, and this occurs when a has below 50% of the outstanding shares and in such case doesn't have a control over decisions as well.

It should be noted that when a parent owns less than 100% of a subsidiary, the noncontrolling interest shareholders are allocated their ownership percentage of income or net assets in all of the following eliminating entries except for the optional accumulated depreciation elimination entry.

Derek decides to buy a new car. The dealership offers him a choice of paying $600.00 per month for 5 years (with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 5.00% interest rate. What is the most that he would be willing to pay today rather than making the payments

Answers

Answer:

PV= $31,794.12

Explanation:

Giving the following information:

Monthly payment= $600

Number of months= 5*12= 60 months

Interest rate= 0.05/12= 0.004167

To calculate the present value of the monthly payments, we need to use the following formula:

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

A= monthly payments

PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}

PV= $31,794.12

What is implication for the Government in the tax policy ?

Answers

Answer:

ax policy is the choice by a government as to what taxes to levy, in what amounts, and on whom. It has both microeconomic and macroeconomic aspects. The macroeconomic aspects concern the overall quantity of taxes to collect, which can inversely affect the level of economic activity; this is one component of fiscal policy.

Explanation:

......

Answer:

To meet their expenses, government need income, called "revenue," which it raises through taxes. In our country, governments levy several different types of taxes on individuals and businesses. The Federal Government relies mainly on income taxes for its revenue. State governments depend on both income and sales taxes

Explanation:

Beginning inventory is $30,000. Purchases of inventory during the year are $50,000. Cost of goods sold is $60,000. What is ending inventory?

Answers

Ending Inventory = Beginning Inventory + Purchases - COGS

=$30,000 + $50,000 - $60,000
= $20,000

When an organization assigns a new employee a mentor and takes an employee out to lunch to meet other members of the organization during their first week on the job, this would most strongly be an example of:

Answers

Answer:

Connection.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Generally, when a new employee working for an organization is assigned a mentor and given the opportunity to go out on a lunch to meet other members working in the organization during their first week on the job, this would most strongly be an example of connection.

Connection simply means creating a favorable and mutually beneficial meetings between two or more individuals such as the employees working in an organization. Thus, it avails the employees the opportunity to socialize and know each other better while stimulating a good work relationship.

Marigold Company had the following operating data for the year for its computer division: sales, $650000; contribution margin, $147000; total fixed costs (controllable), $96000; and average total operating assets, $287000. What is the controllable margin for the year?
A. $51000.
B. $147000.
C. 15%.
D. 51%

Answers

I think the answer is D I’m not sure

Manetti Corporation produces and sells a single product. Data concerning that product appear below: The break-even in monthly unit sales is closest to: Group of answer choices

Answers

Answer: 4,030 units

Explanation:

The breakeven point of sales can be calculated by the formula:

= Fixed cost / Contribution margin

Contribution margin = Selling price per unit - Variable cost per unit

= 150 - 73.50

= $76.50

Breakeven point of sales = 308,295 / 76.50

= 4,030 units

Beyer Company is considering the purchase of an asset for $370,000. 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 $ 86,000 $ 49,000 $ 70,000 $ 300,000 $ 12,000 $ 517,000 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.)

Answers

Answer:

3.55 years

Explanation:

The payback period is the length of time it takes for Beyer Company to recoup the initial investment of  $370,000.

In other words, the number of years for the net cash flows of the project to equate the initial investment amount of $370,000 as shown in the attached excel file for Beyer company's payback computation

A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500, and an ending finished goods inventory of $27,600. The cost of goods sold for this company is

Answers

Answer:

the  cost of goods sold is $59,200

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - ending finished goods inventory

= $28,300 + $58,500 - $27,600

= $59,200

Hence, the  cost of goods sold is $59,200

) An organization that evaluates the performance of automobiles wants to predict the performance of used cars (cars that are more than one year old). The objective is to predict COST, the maintenance cost (in dollars) of used cars for the first year after they are purchased by a new owner. The explanatory variable is:

Answers

Answer:

The explanatory variable is:

period of usage.

Explanation:

As the explanatory variable, the period of usage of the car does not depend on the maintenance cost or its performance.  Instead, the maintenance cost and the performance of the automobile, which are response or dependent variables, depend on the period of usage.  Period of usage (time) is always an independent or explanatory variable.  In this organization, the performance of the automobile does not depend on the maintenance cost, but the two dependent variables (performance and maintenance cost) depend on the period of usage.

Using the high-low method and the Millco data above, what is the approximate fixed cost component of the monthly maintenance costs? Group of answer choices

Answers

Millco Inc. manufactures electronic parts They are analyzing their monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last six months:

Months           Machine Hours    Maintenance Costs

January                 30,000                 $67,500

February               40,000                   74,500

March                    37,500                  65,900

April                      39,000                   68,750

May                       42,300                  74,000

June                     35,000                   64,500

Answer:

Millco Inc.

The approximate fixed cost component of the monthly maintenance costs is:

$51,600.

Explanation:

a) Data and Calculations:

Months           Machine Hours    Maintenance Costs

January                 30,000                  $67,500

February               40,000                    74,500

March                    37,500                   65,900

April                      39,000                    68,750

May                      42,300                   74,000

June                     35,000                   64,500

High-low:

May                       42,300                  $74,000 for highest

January                30,000                    67,500 for lowest

Difference            12,300                    $6,500

Variable costs = $0.53 ($6,500/12,300)

Using May, the total variable cost = 42,300 * $0.53 = $22,419

Fixed cost = $51,581 ($74,000 - $22,419)

or approximately $51,600

The following data were taken from the records of Menendez Company:

Current assets $5,000
Property, plant, and equipment 10,000
Current liabilities 3,500
Long-term liabilities 5,000
Stockholders' equity 6,500

What is Menendez Company's working capital?
a. $1,500
b. $5,000
c.1.00
d. $6,500

Answers

Answer: a. $1,500

Explanation:

Working capital is calculated by deducting current liabilities from current assets. It is meant to show the operating liquidity of a company within a period.

Working capital = Current assets - Current liabilities

= 5,000 - 3,500

= $1,500

Gantner Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 60000 Completed and transferred out 180000 Work in process, May 31 (40%) 50000 If all materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May

Answers

Answer:

200,000 units by Weighted Average Cost Method

164,000 units by FIFO Method

Explanation:

1. Where Weighted Average Cost Method is used.

Assuming that Gantner Company uses the Weighted Average Cost Method, the total number of equivalent units for materials during May can be determined as follows :

Completed and transferred out (180000 x 100)      180,000

Ending Work In Process (50000 x 40%)                   20,000

Total equivalent units for materials                          200,000

1. FIFO Method is used.

Assuming that Gantner Company uses the FIFO Cost Method, the total number of equivalent units for materials during May can be determined as follows :

To Complete Opening Work in Process (60000 x 40%)        24,000

Completed and transferred out (180000 - 60,000) x 100%  120,000

Ending Work In Process (50000 x 40%)                                  20,000

Total equivalent units for materials                                        164,000

Other Questions
In a box of chocolates, 12 of the chocolates are wrapped in red foil. That is 30% of the chocolates in the box. How many chocolates are there? What question would you ask your friend to find out what he is going to do?Qu va a hacer mi amigo?Qu vamos hacer nosotros?Qu vas a hacer t?Qu va a hacer usted? Even today, many foreigners continue to emigrate to the United States in hopes of finding new job opportunities. Which edit corrects the error in the sentence 1. If you want to wear colors with a high contrast then you should choose? Elephants are considered K-strategists because they give birth to only one calf at a time and most have five years in between having another calf. Calves stay under the protection of the mother and her herd until maturity at 10-15 years of age. What type of survivorship curve do elephants tend to follow 1. Bilakah masa yang sesuai untuk mengusahakan tanaman di kawasan beriklim Laurentia? Berikan alasan anda. A computer programmer speaks about new software. Which of the following statements about the interaction of Earth's systems is true?A. The interaction between Earth's systems is limited to a response to human activity.B. The Earth's system interact using positive feedback only.C. The Earth's systems interact using negative feedback only.D. All of the Earth's systems interact with each other. In a small open economy, output (gross domestic product) is $25 billion, government purchases are $6 billion, and net factor payments from abroad are zero. Desired consumption and desired investment are related to the world real interest rate in the following manner:World Real Interest Rate Desired Consumption Desired Investment5% $12 billion $3 billion4% $13 billion $4 billion3% $14 billion $5 billion2% $15 billion $6 billionFor each value of the world real interest rate, find national saving, foreign lending, and absorption. Calculate net exports as the difference between output and absorption. What is the relationship between net exports and foreign lending? what a brave man he in! which sentence The following is a list of various costs of producing T-shirts. Classify each cost as either a variable, fixed, or mixed cost for units produced and sold.a. Ink used for screen printing Variable b. Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used Mixed c. Thread Variable d. Electricity costs of $0.038 per kilowatt-hour Variable e. Janitorial costs of $4,000 per month Fixed f. Advertising costs of $12,000 per month g. Accounting salaries h. Color dyes for producing different colors of T-shirts Variable i. Salary of the production supervisor j. Straight-line depreciation on sewing machines Fixed k. Salaries of internal pattern designers l. Hourly wages of sewing machine operators Variable m. Property taxes on factory, building, and equipment Fixed n. Cotton and polyester cloth o. Maintenance costs with sewing machine company (the cost is $2,000 per year plus $0.001 for each machine hour of use.) Mixed B) Magnolia, Inc. manufactures bedding sets. The budgeted production is for 31,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,320 yards with the desired ending balance of 4,100 yards of material. If the material costs $6.80 per yard, determine the materials budget for the year.$_______C) Gleason invested $90,000 in the James and Kirk partnership for ownership equity of $90,000. Prior to the investment, land was revalued to a market value of $425,000 from a book value of $200,000. James and Kirk share net income in a 1:2 ratio.a. Provide the journal entry for the revaluation of land. If an amount box does not require an entry, leave it blank.b. 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He is more likely to conform to others in this setting because the task seems: Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determines that there is a 1 percent risk of a significant ransomware attack in any given year. Overall annual revenue for the company is valued at $10,000,000 and estimates are that a large ransomware attack would cause approximately $1,000,000 in damage. What is the Estimated Threat Impact (ETI) in this scenario? Group of answer choices $1,000,000 $10,000 $10,000,000 $100,000 Which type of graphic organizer would best organize your notes On the topic of food allergies in children and teens You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given below: Year Expected return on A Expected return on B 2000 14% 16% 2001 15% 17% 2002 16% 18%2003 17% 19%Find the standard deviation of the portfolio. A. 0.955%.B. 1.291%.C. 1.697%.D. 2.124%.E. 2.890%. The Blacktop Speedway is a supplier of automotive parts. Included in stock are 7 speedometers that are correctly calibrated and two that are not. Three speedometers are randomly selected without replacement. Let the random variable z represent the number that are not correctly calibrated. Complete the probability distribution table. (Report probabilities accurate to 4 decimal places.) x P(x)0123 A(c) 2 C(s) + MnO2(s)Mn(s) + 2 CO(g)O combination reactionO decomposition reactionO combustion reactionO single-displacement reaction Question 3 of 15A cultural geographer might be interested in regions defined by:A. continents, mountains, and bodies of water.B. climate.C. latitude.D. the languages spoken.