Answer:
Option A ($149,000) is the correct alternative.
Explanation:
Given:
Factory insurance,
= $32,000
Indirect labor,
= $45,000
Production equipment rental costs,
= $72,000
Now,
The total manufacturing costs will be:
= [tex]Factory \ insurance+Indirect \ labor+Production \ equipment \ rental \ costs[/tex]
By putting the given values, we get
= [tex]32000+45000+72000[/tex]
= [tex]149,000[/tex] ($)
Data concerning Lemelin Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 230 100 % Variable expenses 115 50 % Contribution margin $ 115 50 % The company is currently selling 7,000 units per month. Fixed expenses are $581,000 per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $20 per unit. In exchange, the sales staff would accept a decrease in their salaries of $113,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 300 units. What should be the overall effect on the company's monthly net operating income of this change
Answer:
Lemelin Corporation
The overall effect on the company's monthly net operating income of this change is an increase of $1,500.
Explanation:
a) Data and Calculations:
Sales units per month = 7,000
Fixed expenses per month = $581,000
Per Unit Percent of Sales
Selling price $ 230 100 %
Variable expenses 115 50 %
Contribution margin $ 115 50 %
Income Statements
Before Change After Change Difference
Sales unit 7,000 7,300 300
Sales revenue $1,610,000 $1,679,000 $69,000
Variable cost of sales 805,000 839,500 -34,500
Sales commission 0 146,000 -146,000
Contribution margin $805,000 $693,500 ($111,500)
Fixed expenses 581,000 468,000 113,000
Net operating income $224,000 $225,500 $1,500
he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. g
Answer:
Cash (Dr.) $43,000
Sales Revenue (Cr.) $43,000
Bank (Dr.) $20,000
Cash (Cr.) $20,000
Office Supplies (Dr.) $2,300
Cash (Dr.) $2,300
Petty Cash reimbursement (Dr.) $4,500
Cash (Cr.) $4,500
Explanation:
The journal entries are recorded when transaction occurs in a business. These transactions are recoded at the time of inception of transaction. The journal entries are adjusted when there is any change in the transaction.
The income statement of Martinez Company is shown below. MARTINEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,380,000
Cost of goods sold
Beginning inventory $2,080,000
Purchases 4,350,000
Goods available for sale 6,430,000
Ending inventory 1,460,000
Cost of goods sold 4,970,000
Gross profit 1,410,000
Operating expenses
Selling expenses 430,000
Administrative expenses 670,000 1,100,000
Net income $310,000
Additional information:
1. Accounts receivable decreased $300,000 during the year.
2. Prepaid expenses increased $150,000 during the year.
3. Accounts payable to suppliers of merchandise decreased $280,000 during the year.
4. Accrued expenses payable decreased $110,000 during the year.
5. Administrative expenses include depreciation expense of $70,000.
Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020, for Vince Gill Company, using the indirect method.
Answer:
Cash flow from operating activities
Net income $310,000
Adjustment to reconcile net income to
net cash provided by operating activities
Depreciation expense $70,000
Decrease in account receivable $300,000
Decrease in inventory $620,000
Increase prepaid expense -$150,000
Decrease account payable -$280,000
Decrease accured expense payable -$110,000 $450,000
Net cash outflow from operating activities $760,000
Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at the national level, so international ventures should take care to build relationships with local-level lawyers.
The concepts in this exercise are drawn from Chapter 6 and directly address differences in legal approaches at the national level.
Identify each of the legal characteristics by dragging where it is found to the correct characteristic.
U.S. Product Liability Law per se application
EU Competition Law misuse of activity
US and EU extraterritoriality
U.S. Tort Law trade obstacle, nontariff
U.S. Competition Law strict liability
France punitive damages
Answer:
Please find the solution in the attached file.
Explanation:
Vertical analysis can best be described as a technique for analyzing the percentage change in individual financial statement line items from one accounting period to the next.
a. True
b. False
Answer:
False
Explanation:
Vertical analysis can be regarded as accounting tool which gives room for
proportional analysis of some documents. This document is usually
financial statements.In carrying out vertical analysis, all the item line that is on the financial statement is been recorded as percentage of another item. Instance of this is an income statement.
If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities, then
Answer:
Explanation:
Monopoly is the form of market in which the single market trading products and services are discussed and then the possibility of producing good economic profit is given. The monopoly is linked to the absence of a competitive scenario.
In large volumes, when the customer buys items, individuals are only impacted by the tiniest price fluctuation. Consumers who buy fewer amounts of items are, by contrast, subject to higher pricing as the smallest price changes do not much affect them. There is therefore increased demand price elasticity for customers who purchase bigger amounts of items.
Which of the following is true of hierarchical clustering?
a. The data partition does not occur in a single step
b. All clusters must have the same number of data
c. All clusters must have more than one object in it
d. No single cluster can have all data
Answer:
The data partition does not occur in a single step
Explanation:
write short notes on united nations with its diffrent functions
Answer:
can u explain more i ididnt understand
Explanation:
A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 420 gram setting. Is there sufficient evidence at the 0.01 level that the bags are underfilled or overfilled? Assume the population is normally distributed.
State the null and alternative hypotheses for the above scenario.
Answer: See explanation
Explanation:
The null hypotheses for the above scenario will be the statement of no effect and it'll be the mean weight of the bag that filled will be 420 grams.
H0: μ = 420
The alternative hypotheses for the above scenario will be that the bag isn't filled with 420 grams. They are either underfilled below 420 grams or overfilled above 420 grams.
Ha: μ ≠ 420
You accept a new job with a starting salary of $53,000. You receive a 4% raise at the start of your second year, a 5.5% raise at the start of your third year, and an 11.1% raise at the start of your fourth year. (Round your answers to two decimal places.)
Answer:
a. Salary for the second year:
Salary is to increase by 4% in second year.
= 53,000 * (1 + 4%)
= $55,120
b. Third year salary:
Second year salary will increase by 5.5%
= 55,120 * (1 + 5.5%)
= $58,151.60
c. Fourth year salary:
Third year salary to increase by 11.1%
= 58,151.60 * (1 + 11.1%)
= $64,606.43
The IPO process involves several entities, such as the issuing company, institutional investors, brokers, lawyers, regulators, retail investors, and an intermediary company. Consider the following IPO deal:
In 1999, Goldman Sachs Group and its partners, Sumitomo Bank Capital Markets Inc. and Kamehameha Activities Association, raised $3.6 billion its initial public offering in the United States and Canada. Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, Lehman Brothers Inc., and J.P. Morgan Securities Inc. became some of the U.S. representatives the deal by entering into an agreement to sell a certain number Of shares to potential investors at a predetermined.
Identify one of the underwriters in the IPO deal described above.
a. J.P. Morgan Securities Inc.
b. Kamehameha Activities Association
Answer:
The IPO Process
One of the underwriters in the IPO deal described above is.
a. J.P. Morgan Securities Inc.
Explanation:
J.P. Morgan Securities Inc. and the following underwriters, Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, and Lehman Brothers Inc. was involved in the Initial Public Offering (IPO) in 1999, where $3.6 billion was raised in the United States and Canada. An underwriter is a financial specialist, working closely with the issuing houses to determine the initial offering price of the securities. The underwriters usually buy the securities from the issuer and then sell them to investors using its distribution network.
Altitude, humidity, and temperature extremes are climatic features that affect the uses and functions of products and equipment.
A. True
B. False
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, in the context of productivity inside businesses' organization it is very common actually to protect as much as possible the new products from the climate factors that can affect the use of the equipment inside the company and therefore to harm the production that could cause a waste of time or money in cases of repairment. Much worse would be the case in where the product that are meant to be sold to the customers are damaged because of the humidity or other factors regarding the topography of the place of where the company resides. So all those factors do in fact become a dangerous problem to have in mind if they're not taken care of.
In the world map the United States appears to be a large producer of oranges. Explain how the world map misrepresents the scale of production for the cultivation of oranges in the United States.
Answer:
The map misrepresents the scale of orange production in the United States, because even in the U.S. is an important orange producer, the map conveys the idea that the U.S. as a whole is a producer, when it only produces oranges in a few states, with almost the entirety of the production being located in Florida.
A more accurate map would clarify this in a textbox or a note, or would have the state of Florida colored in a way that highlights that the production of oranges in the U.S. comes almost exclusively from this state.
Jerry's Flowers had the following cost information related to its purchases of merchandise. Calculate the total cost of merchandise purchased using the information below: Invoice cost of merchandise purchases $100,000 Purchase discounts received $ 9,000 Cost of transportation-in (shipping) $ 500 Costs of purchase returns and allowances $ 400
Answer:
$91,100
Explanation:
Calculation to determine the total cost of merchandise purchased
Using this formula
Total cost of merchandise purchased = Invoice cost of merchandise purchases + Cost of transportation in - Purchase returns and allowances - Purchase discount
Let plug in the formula
Total cost of merchandise purchased= $100,000 + $500 - $400 - $9,000
Total cost of merchandise purchased= $91,100
Therefore the total cost of merchandise purchased is $91,100
In 2016, David Hay started his own business, Hays Gardening and Landscapes. David was previously an employer of another business/
a) What was the opportunity costs for David when he started his business?
A. Cost of marketing to attract customers.
B. Loss of earnings from employment
C. Payment of taxes on profits
D. Risk of business failure
ANSWER:
b) Explain why this answer is correct?
Answer:
B. Loss of earnings from employment
Explanation:
David's opportunity cost in this scenario would be the loss of earnings from employment. This is because is no longer employed, meaning that he no longer makes money from his employment due to him "choosing" to quit and start his own business. Therefore, that is the cost of him choosing another opportunity. The financial costs of marketing, taxes, and risk of business failure are all costs he may or may not incur from the chosen opportunity but are not the same as "opportunity costs" since they are costs that need to be met in order to continue this opportunity and not something that was given up in order to choose this opportunity.
After getting her degree in Economics, Jeanine went to work for the Bureau of Labor Statistics. She compiles data on the unemployment rate, which serves as an economic indicator. What does this data help Jeanine to understand
Answer:
A. how the economy is doing at the macro level
Explanation:
Since in the given situation it is mentioned that jeanine wants to work so she combined the unemployment rate data that represent the economic indicator so here she need to understand that how the economy is working at the macro level as the unemployment represent the condition that should be made in the labor market and the macro would deals with the overall GDP also how the unemployment level, inflation level and the price level impact it
Therefore the first option is correct
Stock A's stock has a beta of 1.30, and its required return is 11.75%. Stock B's beta is 0.80. If the risk-free rate is 4.75%, what is the required rate of return on B's stock?
Answer:
9.054
Explanation:
The first step is to calculate the market risk premium for stock A
11.75%= 4.75% + 1.30 × market risk premium
11.75-4.75= 1.30×mrp
7= 1.30 ×mrp
mrp= 7/1.30
= 5.38
Therefore the required rate on stock B can be calculated as follows
4.75+0.80×5.38
= 4.75 + 4.304
= 9.054
An example of a positive statement would be
Answer:
D
Explanation:
it would be the last option
Capital budgeting analysis not only requires the evaluation of cash flows but also requires the understanding of the origin of those cash flows. Based on your understanding of cash flows in a firm, complete and answer the following questions The present value of ___________ can be used to determine the basis of a firm's value. Ideally, capital budgeting analysis should take cash flows into account ___________
Understanding the nature of projects
Capital budgeting analysis often involves decisions related to expansion projects and/or replacement projects. Based on your understanding of expansion and replacement projects, complete the following:
If a clothing store opens a second retal location on the other side of town, this project would be considered__________ project.
What are sunk costs?
Acme Manufacturing owns a warehouse that it is not currently using. It could sell the warehouse for $300,000 or use the warehouse in a new project. Should Acme Manufacturing include the value of the warehouse as part of the in investment in the new project or treat the value of the warehouse as a sunk cost?
Yes, include the value of the warehouse as part of the initial investment in the new project
No, treat the value of the warehouse as a sunk cost
The role of externalities
A paper manufacturer has built a plant that meets all government-mandated environmental regulations, but the pl sant odor when it is being operated. Many residents in the area dislike the paper mill because of these unpleasant odors. This is an example of ________externality.
Answer:
Present Value of Cash Flows
Exactly when they occur
Expansion Project
Sunk cost is the cost which is already incurred and it is not affected by the decision to accept or reject the project.
Include the value of the warehouse as part of the initial investment in the new project.
Negative Externality
Explanation:
Present value of Cash flows is the discounted cash flows which shows the real worth of the money now which is to be received in future. Sunk costs are not part of the project as they are already incurred. These cost are not included in the calculations of the project cash flows. Negative externality is the undesirable impact due to production and manufacturing plants operations on the environment.
Compare and contrast different ways in which a taxpayer triggers a realization event by disposing of an asset.
Answer:
There are many ways a taxpayer can trigger a realization event. She can trigger it through a sale or trade by receiving a value greater than the disposed asset. She can also trigger a realization event by making a gift to charity. Other ways include disposal, for example, to a landfill and destruction through natural disaster. In the latter cases, there is a loss to the taxpayer. With a natural disaster, the taxpayer can only obtain a realization gain if reimbursed by the insurance company.
Explanation:
A realization event happens when there is a sale or a disposal of an asset or a discharge from a liability. There is usually an increase in the value realized from the disposal, which is greater than the asset's value before disposal. It also happens when the taxpayer receives a relief from a liability or completes a profitable transaction.
Prepare a journal entry for the purchase of a truck on April 4 for $72,240, paying $5,900 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
2
3
Answer:
Dr Truck $72,240
Cr Cash $5,900
Cr Accounts Payable $66,340
Explanation:
Preparation of the journal entry for the purchase of a truck on April 4
April 4
Dr Truck $72,240
Cr Cash $5,900
Cr Accounts Payable $66,340
($72,240 - $5,900)
(To record purchase of truck)
Your company has decided to give employees yearly mental health days, in addition to the sick leave and vacation days that already exist. The company sends out an e-mail to employees explaining the new benefit and urges them to take care of themselves and to understand the importance of good mental health. The leaders of this company probably think of leadership as which of the following?
a. relationship
b. skill
c. influence
d. process
Answer:
A relationship because he/she is reaching out personaly
when restrictive government polocoes do not exist or when industries become deregulated, ther _ of entry is high.
Answer: threat
Explanation:
When restrictive government policies don't exist or when the industries become deregulated, then the threat of entry is high.
It should be noted that when there's entry of new competitors in an industry that offers same goods or services, then the competitive position of the company will be at risk. Therefore, the threat of new entrants refers to the ability of new companies to enter into an industry.
In such case, since there's no restriction of government policies, then the threat of entry will be high.
The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000
Answer:
$141,000
Explanation:
Given the above information, the net cash flow is computed as shown below
= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable
= $150,000 + $28,000 - $16,000 - $21,000
= $141,000
Therefore, the net cash flow from operating activities using the indirect method is $141,000
The concept of leverage is that a.a high debt-to-equity ratio is favorable. b.it is appropriate to borrow if the return on the assets is greater than the cost of the financing. c.it is appropriate to borrow as long as the lender approves the loan. d.it is unfavorable to borrow funds rather than raise the capital from stockholders.
Answer:
b. it is appropriate to borrow if the return on the assets is greater than the cost of the financing.
Explanation:
A leverage can be defined as a process which typically involves the use of fixed-charged assets or items in a business with the intention of multiplying potential financial gains and returns.
In Financial accounting, the concept of leverage is that it is appropriate for a business firm to borrow an amount of money (debt), if the return on the assets (capital gain or income) is greater than the cost of the financing (debt or borrowed money).
Basically, financial leverage which is also known as trading on equity, is the utilization of debt (borrowed money) to acquire or purchase new assets with the intent and expectation that the income generated from these assets would exceed the cost incurred from borrowing. Thus, a business that engages in financial leveraging assumes that it would generate a higher income or capital gain from the amount of debt (borrowed money) used in its capital structure.
ou invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:
Answer: refine your approach by going back to the drawing board
Explanation:
Based on the information given, since after reviewing what identifies an ideal market, it's realize that the segmentation approach does not meet any of the effective segmentation conditions, then one should refine their approach by going back to the drawing board.
When this is done, one can then restrategize and then choose a segmentation approach that meets the effective segmentation conditions.
How dose the very small businesses finance
Answer:
Small Business Administration offers lenders, mostly traditional banks, a federal guarantee on your loan
Companies must disclose when they give products to online reviewers.
Question 15 options:
True
False
Answer:
True
Explanation:
In simple terms, whenever an individual works with brands to recommend or endorse a product you must disclose the partnership. You have to declare your relationship to the brand even if you are not being compensated.
discuss the benefits of considering a reservation in a restaurant.
Answer:
Another important benefit of making a reservation in the desired restaurant is the better quality of service one will receive. As the restaurant knows at what time and with how many people the customer will arrive, a comfortable table with enough seats and space will be reserved, and the restaurant's staff will be prepared to serve ...
Explanation:
In 2019, Perry, who is not otherwise involved in the gas station business, spends $53,000 investigating the acquisition of a gas station. All costs are ordinary and necessary. Perry decides not to acquire the gas station. What amount can Perry deduct in 2019 for the expenses incurred in investigating the acquisition of the gas station if Perry makes an election to accelerate his deductions as much as possible
Answer:
Perry and Investigation Expenses:
Perry can deduct the full $53,000.
He can also elect to capitalize the amount, assuming that he is acquiring the gas station, because, according to IRS, "general due-diligence and investigatory expenses incurred to decide whether to enter a new business, and which new business to enter, can be deducted/amortized under Sec. 195."
Explanation:
Facts as per scenario:
Perry is not involved in the gas station business.
Perry spends $53,000 investigating the acquisition of a gas station.
All costs are ordinary and necessary.
Perry does not acquire the gas station.
