Answer:
Reorder point = (weekly demand * lead time) + (Z * standard deviation * √lead time) = (294 * 10) + (2.326 * 90 * √10) = 2,940 + 661.99 = 3,602 units
Old safety stock = Z * standard deviation * √lead time = 662 units
new safety stock = 331
331 = Z * 90 * √10
Z = 331 / 284.60 = 1.163
Using Normal distribution function, the new confidence interval is 87.76%
Advise new entrepreneurs on the char
acteristics of co-operatives
Answer:
A cooperative can be understood as a business model where there is a partnership between people with the same interests in an economic activity, not for profit, and who provide associated services.
In this voluntary society, there are its own rules and autonomy, being the voluntary and independent association, where there is the cooperation of each member and sharing of the management, of the positive and negative risks to the business. All members have economic participation and access to information and training. Interest on capital is limited and the surplus is distributed among all members.
At Cool Clothes Inc., there is a total focus on providing care and satisfaction to each customer. In the major clients division, each manager is assigned three employees to supervise, whereas in the product assembly division, each manager supervises about 15 employees. The major clients division managers can be described as having _____, as opposed to _____ for the product assembly division managers.
Answer: a narrow span of control; a wide span of control
Explanation:
Based on the information given, the major clients division managers can be described as having a narrow span of control, as opposed to a wide span of control for the product assembly division managers.
The span of control simply means the number of subordinates that are under the direct control and supervised by a certain manager.
Since we are informed that while in the major clients division, every manager is assigned three employees to supervise, whereas in the product assembly division, each manager supervises about 15 employees, then product assembly division managers has a wide span of control.
On Mar 3, L. Lyons withdrew $100 for personal use. Use your knowledge of what a correct journal entry should look like to identify what would be included.
Answer:
L. Lyons Company
Correct Journal Entry
Debit L.Lyons, Drawings $100
Credit Cash $100
To record the cash withdrawn by L. Lyons for personal use.
Explanation:
When the owner, L. Lyons, withdraws cash for personal use, it reduces the owner's equity interest in the business. Cash as an asset is also reduced by the same amount. Therefore, the double entry should be a debit to the Owner's Capital account (here represented by Drawings) and a credit to the Cash account.
The Dulac Box plant produces 500 cypress packing boxes in two 10-hour shifts. Due to higher demand, they have decided to operate three 8-hour shifts instead with one employee. They are now able to produce 600 boxes per day. What has happened to productivity?A. Productivity has not changed.B. It has increased by 4.17 boxes/hr.C. It has increased by 25%.D. It has decreased by 8.3%.
Answer:
A
Explanation:
Productivity = total boxes produced / total hours
Before increased demanded = 500 / (10 x 2) = 25 boxes / hour was produced
after increased demanded = 600 / (8 x 3) = 25 boxes / hour
the number of boxes produced before and after the increase in the number of shifts remains the same. Thus, there is no change in productivity
g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) $ 155,400 Variable expenses 100,800 Contribution margin 54,600 Fixed expenses 42,400 Net operating income $ 12,200 If the company sells 4,600 units, its total contribution margin should be closest to:
Answer:
Total contribution margin= $59,800
Explanation:
Giving the following information:
Unitary selling price= 155,400 / 4,200= $37
Unitary variable cost= 100,800 / 4,200= $24
To calculate the total contribution margin, we need to use the following formula:
Total contribution margin= units sold*(selling price - unitary variable cost)
Total contribution margin= 4,600*(37 - 24)
Total contribution margin= $59,800
Eduardo is starting a floral shop and owns a 10-year-old delivery van. He borrows $50,000 from First National Bank, which takes a security interest in the van. When Eduardo purchases a greenhouse in which to grow plants and a large cooler to keep them fresh, the bank's security interest attaches to these items, which are referred to as a. fixtures. b. inventory. c. instruments. d. after-acquired property.
Answer: D. after-acquired property
Explanation:
Based on the question asked, the correct answer will be the after-acquired property.
After-acquired Property refers to the property that a debtor acquires after a security agreement has been executed. Since Eduardo already borrows $50,000 from First National Bank, which takes a security interest in the van, then the property gotten is the after acquired property.
Therefore, the correct option is D
Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 30. What is the amount of rent expense that will be recorded in the related adjusting entry dated June 30?a- $0b- $2,400c- $4,800d- $7,200
Answer:
b- $2,400
Explanation:
The computation of the amount that should be recorded is given below:
= 3 months rent ÷ number of months
= $7,200 ÷ 3 months
= $2,400
Hence, the amount of rent that should be recorded is $2,400
Therefore the option b is correct
The same should be considered
What is the critical issues confronting WCC North America and what changes, if any, should be initiated to address the critical issues?
Answer and Explanation:
What is the critical issues confronting WCC North America?
WCC North America faces a supply chain management issue whereby there are lapses in integrating divisions within the organization resulting in complications with determining order status of customers.
What changes, if any, should be initiated to address the critical issues?
The text "Supply Chain Logistics Management, by Donald J. Bowersox, David J. Closs, M. Bixby Cooper, John C. Bowersox, 2013" mentions the need to address the critical issue of WCC North America by setting up a system that populates data of customer order status,recognizing them as high volume key accounts, in order to keep order response efficient and effective.
Your grandparents would like to establish a trust fund that will pay you and your heirs $205,000 per year forever with the first payment 12 years from today. If the trust fund earns an annual return of 4 percent, how much must your grandparents deposit today?
Answer:
PV= $3,201,059.88
Explanation:
Giving the following information:
Annual cash flow= $205,000
First payment= 12 years from today
Interest rate= 4%
First, we need to calculate the value of the account 12 years from today. We need to use the following formula:
FV= Cf/ i
FV= 205,000 / 0.04
FV= $5,125,000
Now, the amount to be deposited today:
PV= FV / (1 + i)^n
PV= 5,125,000 / (1.04^12)
PV= $3,201,059.88
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South Wales Sales $ 1,080,000 $ 2,385,000 Average operating assets $ 600,000 $ 530,000 Net operating income $ 70,200 $ 83,475 Property, plant, and equipment (net) $ 241,000 $ 191,000 Required: 1. Compute each division's margin, turnover, and return on investment (ROI). 2. Which divisional manager seems to be doing the better job
Answer:
1. Quuen Land Division
Margin 6.50%
ROI 11.70%
New South Wale Division Margin
Margin 3.50%
ROI 15.75%
2. New South wale Division
Explanation:
1. Computation for each division's margin, turnover, and return on investment (ROI)
QUUEN LAND DIVISION MARGIN
Using this formula
Margin =Net operating income/Total Sales
Let plug in the formula
Margin =$70,200/ $ 1,080,000
Margin=6.50%
QUUEN LAND DIVISION ROI
First step is to determine the Turnover using this formula
Turnover=Total sales/Average Asset
Let plug in the formula
Turnover= $ 1,080,000 /$600,000
Turnover =1.8 times
Now let determine the ROI using this formula
ROI =Margin * Turnover
Let plug in the formula
ROI=6.50%*1.8
ROI=11.70%
NEW SOUTH WALE DIVISION MARGIN
Margin =$ 83,475 / $ 2,385,000
Margin=3.5%
NEW SOUTH WALE DIVISION ROI
First step is to determine the Turnover using this formula
Turnover=Total sales/Average Asset
Let plug in the formula
Turnover= $ 2,385,000 /$530,000
Turnover =4.5 times
Now let determine the ROI using this formula
ROI =Margin * Turnover
Let plug in the formula
ROI=3.5%*4.5
RO1=15.75%
2. Based on the above calculation the divisional manager that seems to be doing the better job
Is NEW SOUTH WALE DIVISION because the ROI is greater.
Stanley Corp. had 100,000 shares of common stock outstanding throughout 2004. It also had 20,000 stock options with an exercise price of $20 and another 20,000 options with an exercise price of $28. The average market price for the company's stock was $25 throughout the year. The stock closed at $30 on December 31, 2004. What are the number of shares used to calculate diluted earnings per share for the year?
Answer:
104,000
Explanation:
Calculation to determine the number of shares used to calculate diluted earnings per share for the year
Using this formula
Number of shares=Additional shares+Common shares outstanding
Let plug in the formula
Number of shares=(20,000 − [(20,000 × 20) / 25])+100,000
Number of shares=4,000+100,000
Number of shares=104,000
Therefore the number of shares used to calculate diluted earnings per share for the year is 104,000
Last month, the Tecumseh Corporation supplied 400 units of three-ring binders at $6 per unit. This month, the company supplied the same quantity of binders at $4 per unit. Based on this evidence, Tecumseh has experienced:_________.
a. a decrease in supply
b. an increase in supply
c. an increase in the quantity supplied
d. a decrease in the quantity supplied.
Answer:
B
Explanation:
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied
in this question, there was only a change in price but no change in the quantity supplied.
so a change in supply and not a change in the quantity supply occured
determine supply per price
400 / 6 = 67
400 / 4 = 100
supply increased
this is not only a value in itself but a value that guarantees other values. a. patience. b.fairness. c.respect. d integrity
Answer: Integrity
Explanation:
Integrity isn't only a value in itself but a value that guarantees other values. Integrity means to be true to ones values and act in accordance to those values.
A person with integrity has ethical principles and always does the right thing. Employees like people who have integrity Workers build relationships based on integrity.
If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be Group of answer choices equal to $500,000 greater than $500,000 less than $500,000 greater than or less than $500,000, depending on the maturity date of the bonds
Answer:
less than $500,000
Explanation:
Based on the information given Bonds issued that has a CONTRACT RATE of 6% which is LESSER THAN the MARKET INTEREST RATE of 7% will lead to a DISCOUNT because the PRICE OF THE BONDS of 6% is LESSER THAN the FACE VALUE of the bonds which therefore means that the PRICE OF THE BONDS will be LESS THAN its face value of the amount of $500,000.
In evaluating the profit center manager, the income from operations should be compared a.across profit centers b.to historical performance or budget c.to the competitor's net income d.to the total company earnings per share
Answer: to historical performance or budget
Explanation:
A profit center in a business is a division that is able to make revenues independently and contribute to the revenue of the entire business. In evaluating the performance of a profit center manager, it is best to compare the performance to a budget or their historical performance.
This is because profit centers engage in different businesses and so their revenue making style will be unique. Some profit centers will make more than others because of the goods they produce or the way they produce it. It is therefore best to compare a profit center to an internal measure such as the budget and historical performance.
If the profit center exceeds either of these then they are performing well.
g A machine costing $58,944 with a 6-year life and $55,853 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar.
Answer:
$9,309
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
DEPRECIABLE COST / USEFUL LIIFE
$55,853 / 6 = $9,309
A financial institution that makes short-term, high-interest loans to borrowers who are considered high risk is a:
A. credit union.
B. retail bank.
C. mortgage lender.
D. payday lender.
Answer:
D
Explanation:
A payday lender is a lender who provides high interest loans to individuals. The loans are based on the income of the borrower. The loans are usually for a short period and they usually do not require collateral
A mortgage lender is a lender or institution that underwrites loans on homes. The loans are usually for a long period of time.
Retail banks are banks that provide financial services to consumers rather than to businesses
Credit union is a form of financial institution owned by members of the union. The union provides financial services similar to the services provided by commercial banks
he cost to produce items is dollars. Find the marginal cost of producing the item. Interpret your answer in terms of costs. The marginal cost of producing the item is Enter your answer; The marginal cost of producing the 25^th item is $ 150 . This means that the cost of production Choose your answer; This means that the cost of production increases by about Enter your answer; by about $ 150 when we add one unit to a production level of Enter your answer; when we add one unit to a production level of _ units units.
Answer:
a. The marginal cost of producing the 25^th item is $100.
b. This means that the cost of production increase by about $100; when we add one unit to a production level of 25 units.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The cost to produce q items is C(q) = 1000 + 2q^2 dollars. Find the marginal cost of producing the 25th item. Interpret your answer in terms of costs.
The marginal cost of producing the 25^th item is $_______.
This means that the cost of production _____ by about ________; when we add one unit to a production level of _____ units.
The explanation of the answer is now provided as follows:
a. Find the marginal cost of producing the 25th item.
Given:
C(q) = 1000+2q^2 …………… (1)
Taking the derivative of equation (1) with respect q to obtain the marginal cost function as follows:
MC(q) = C’(q)= 4q ………………….. (2)
Substituting q = 25 into equation (2), we obtain the marginal cost (MC) of producing the 25th item as follows:
MC(25) = 4 * 25 = $100
Therefore, the marginal cost of producing the 25^th item is $100.
b. Interpret your answer in terms of costs.
This means that the cost of production increase by about $100; when we add one unit to a production level of 25 units.
Which of the following should be included in the acquisition cost of a piece of equipment? installation costs transportation costs testing costs prior to placing the equipment into production All of these choices are correct.
Answer: All of these choices are correct.
Explanation:
Acquisition cost is the total amount of money incurred in purchasing an asset. The acquisition cost should include all the expenses that are incurred such as:
• installation costs
• transportation costs
• testing costs prior to placing the equipment into production
Therefore, the correct option is "All of the above".
Two methods are used to predict how many customers will call in for help in the next four days. The first method predicts the number of callers to be 23, 5, 14, and 20 for the four respective days. The second method predicts 20, 13, 14, and 20 for the four respective days. The actual number of callers turns out to be 23, 10, 15, and 19. Which method has the bigger forecast bias?
a- the second methodb- both are equally biasedc- both are not biasedd- the first method
Answer:
The method that has the bigger forecast bias is:
the first method.
Explanation:
a) Data and Calculations:
Days 1 2 3 4 Total
First method, number of callers predicted 23 5 14 20 62
Second method, number of callers predicted 20 13 14 20 67
Actual number of callers 23 10 15 19 67
Comparison with actual callers:
Actual number of callers 23 10 15 19 67
First method, number of callers predicted 23 5 14 20 62
Forecast bias 0 -5 -1 +1 -5
Comparison with actual callers:
Actual number of callers 23 10 15 19 67
Second method, number of callers predicted 20 13 14 20 67
Forecast bias -3 +3 -1 +1 0
b) A forecast bias between first method of prediction and actual number of callers occurs because there is a difference between the total actual number of callers and the total predicted forecasts of callers. But there is no difference between the total actual number of callers and the predicted forecasts of the callers for method two.
Predictions are termed as the forecasting of the uncertain event or the happening. These are also dependent on the probability of whether the event has to have occurred or have the ratio of changes to occur.
The correct answer for the method that has the bigger forecast bias is the first method.
a) Data and Calculations:
Days 1 2 3 4 Total
First method, number of callers predicted 23 5 14 20 62
Second method, number of callers predicted 20 13 14 20 67
Actual number of callers 23 10 15 19 67
Comparison with actual callers:
Actual number of callers 23 10 15 19 67
The first method, number of callers predicted 23 5 14 20 62
Forecast bias 0 -5 -1 +1 -5
Comparison with actual callers:
Actual number of callers 23 10 15 19 67
Second method, number of callers predicted 20 13 14 20 67
Forecast bias -3 +3 -1 +1 0
b) There is a projection imbalance between the first technique of prognosis and the actual number of callers because there is a mismatch between the total actual number of callers and the total predicted forecasts of callers. However, there is no difference between the total number of actual callers and the projected caller projections in approach two.
To know more about the forecast bias, refer to the link below:
https://brainly.com/question/799559
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Hours
Wait time 30.2
Process time 0.4
Inspection time 0.2
Move time 3.6
Queue time 8.7
The delivery cycle time was:__________.
a. 3.6 Hours
b. 12.3 Hours
c. 42.5 Hours
d. 43.1 Hours
Answer:
d. 43.1 Hours
Explanation:
Calculation to determine what The delivery cycle time was
Using this formula
Delivery cycle time = Wait time + Process time + Inspection time + Move time + Queue time
Let plug in the formula
Delivery cycle time= 30.2 + 0.4 + 0.2+ 3.6 + 8.7
Delivery cycle time= 43.1 Hours
Therefore The delivery cycle time was:43.1 Hours
A college uses advisors who work with all students in all divisions of the college. The most useful allocation basis for the salaries of these employees would likely be:
Answer:
d. number of students advised from each division
Explanation:
In the case when the college use the advisors who wants to work with the students for all type of divisions of the college. So here the distribution or allocation basis for the salaries should be depend upon the number of students that advised from each and every decision
Therefore as per the given situation, the option d is correct
It has been argued that the traditional model of a full-service, lead advertising agency is becoming obsolete. Discuss the changes occurring in the industry and how they are affecting the traditional lead agency model.
Answer:
Quilt
Explanatio
Hope it's right
Answer:
to complex to solve without the artical.
Explanation:
because there is no artical it cant be answered.
A director who becomes involved in litigation because of his or her position has no right to be indemnified for the costs. a. True b. False
Answer:
b. False
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
It is considered to be one of the most complicated and expensive type of organization.
Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity.
One of the advantage of a corporation is that, owners have limited liability for debt to the extent to which they have invested and as such are not personally liable for some of debt owed by corporation.
Hence, a director who becomes involved in litigation because of his or her position has a right to be indemnified or reimbursed for the costs involved or incurred.
Shidan Apartments purchased an apartment building to rent to university students on November 18, 2017. The following costs were incurred during 2017, before the tenants moved in: Purchase price of the building $220,000 Purchase price of the land 100,000 Transfer taxes 10,000 Interest incurred on the mortgage loan to purchase 4,000 Attorney and real estate agent's fees 15,000 Repave the parking lot 6,000 How much will Shidan Apartments record as an asset
Answer:
$351,000
Explanation:
The computation of the amount of an asset is as follows;
Purchase price of the building $220,000
Purchase price of the land $100,000
Transfer taxes $10,000
Attorney and real estate agent's fees $15,000
Repave the parking lot $6,000
Cost of apartment $351,000
hence, the cost of an apartment is $351,000
Hilltop Paving has a levered equity cost of capital of 14.92 percent. The debt-to-value ratio is .4, the assumed tax rate is 23 percent, and the pretax cost of debt is 7.2 percent. What is the estimated unlevered cost of equity
Answer:
The estimated unlevered cost of equity is 12.30%.
Explanation:
Debt-to-value ratio = 0.4
Equity-to-value ratio = 1 - Debt-to-value ratio = 1 - 0.4 = 0.6
The estimated unlevered cost of equity can be calculated solving the following formula:
Levered equity cost of capital = Unlevered cost of equity + ((Debt-to-value ratio / Equity-to-value ratio) * (100% - Tax rate) * (Unlevered cost of equity - Pretax cost of debt)) .............. (1)
Substituing all the relevant values into equation (1), we have:
14.92% = Unlevered cost of equity + ((0.4/0.6) * (1 - 23%) * (Unlevered cost of equity - 7.2%))
Let R0 = Unlevered cost of equity, we have:
14.92% = R) + ((0.4/0.6) * (1 - 23%) * (R0 - 7.2%))
14.92% = R0 + (0.666666666666667 * 0.77 * (R0 - 7.2%))
14.92% = R0 + (0.513333333333334 * (R0 -7.2%))
14.92% = R0 + (0.513333333333334 * R0) - (0.513333333333334 * 7.2%)
14.92% = R0 + (0.513333333333334 * R0) - 0.03696
14.92% + 0.03696 = R0(1 + 0.513333333333334)
0.18616 = R0(1.513333333333334)
R0 = 0.18616 / 1.513333333333334
R0 = 0.1230, or 12.30%
Therefore, the estimated unlevered cost of equity is 12.30%.
Which of the following are assumed to remain unchanged along a given short-run aggregate supply curve?
a. The position of the aggregate demand curve
b. Institutions, such as patent laws and tax systems, that make up the "rules of the game"
c. Resource Prices
d. The price level
Answer:
c. Resource Prices
d. The price level
Explanation:
In the case of short-run aggregate supply curve, the price of the resources and the price level should be remain constant or remain the same and the other things would not be the same like position of the curve it can be rightward or left ward as the case may be
So as per the given situation, the option c and option d is correct
A bill was introduced into Congress last year suggesting changes to the income tax code. Congress now passed this new tax reform act in the last session and over the next few years the new laws will begin to impact the nation. This is an example of what type of policy
Answer:
Macroeconomic fiscal policy.
Explanation:
Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
XYZ budgeted sales: Jan.($120,000); Feb.($108,000); Mar.($140,000); Apr.($147,000). Gross profit is 35% of sales. Inventory on Jan. 1st is $29,600 and target ending inventory is 10% of next month's sales, stated at cost. Purchases budgeted for January is:__________
Answer:
Purchases= $55,420
Explanation:
Giving the following information:
Sales:
Jan.($120,000)
Feb.($108,000)
Gross profit is 35% of sales.
Inventory on Jan. 1st is $29,600.
Target ending inventory is 10% of next month's sales.
To calculate purchases for January, we need to use the following formula:
Purchases= Production + desired ending inventory - beginning inventory
COGS January= 120,000*0.65= 78,000
COGS February= 108,000*0.65= 70,200
Purchases= 78,000 + (70,200*0.1) - 29,600
Purchases= $55,420
Revenue of a segment includes A. only sales to unaffiliated customers B. Sales to unaffiliated customers and intersegment sales c. Sales to unaffiliated customers and interest revenue d. Sales to unaffiliated customers and other revenue and gains
Answer: Sales to unaffiliated customers and intersegment sales
Explanation:
A segment refers to a business component of a business which generates its own revenues.
Revenue of a segment includes the sales to unaffiliated customers and intersegment sales. Therefore, the correct option is B.
