A chain of video stores sells three different brands of DVD players. Of its DVD player sales, 50% are brand 1 (the least expensive), 30% are brand 2, and 20% are brand 3. Each manufacturer offers a 1-year warranty on parts and labor. It is known that 25% of brand 1's DVD players require warranty repair work, whereas the corresponding percentages for brands 2 and 3 are 20% and 10%, respectively.If a customer returns to the store with a DVD player that needs warranty repair work, what is the probability that it is a brand 1 DVD player
Answer: 60.98%
Explanation:
Probability that it is a brand 1 DVD player that needs repair work = Probability of brand 1 DVD needing repairs / Probability that a DVD player will need fixing while under warranty
Probability of brand 1 DVD needing repairs = Brand 1 sales percentage * Percentage of brand 1 needed repair
= 50% * 25%
= 12.5%
Probability that a DVD player will need fixing while under warranty = (50%* 25%) + (30% * 20%) + (20% * 10%)
= 20.5%
Probability that it is a brand 1 DVD player that needs repair work = 12.5% / 20.5%
= 60.98%
Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?
Answer:
pick 'n pay through daily promotions
The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales of 100 units:
Per-Unit Costs Variable production costs:
Direct materials $140
Direct labor 170
Variable factory overhead 80
Fixed production costs:
Depreciation (equipment) 40
Factory rent 68
Other 16
Total production cost $514
Variable selling & administrative costs $24 per unit
Fixed selling & administrative costs $36 per unit
Assume that the Violin Division was evaluating whether or not it would accept a special sales order for 10 violins at $390 per unit. For this purpose, total relevant cost per unit (given the costs stated above) is:
a. $330
b. $342
c. $390
d. $366
e. $354
Answer:
Total relevant costs= $390
Explanation:
I will assume that the company has unused capacity and that the special offer will not affect the current sales. Given these assumptions, the fixed costs would not be taken into account.
Relevant costs:
Direct materials $140
Direct labor 170
Variable factory overhead 80
Total relevant costs= $390
Branch Company, a building materials supplier, has $18,400,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $18,400,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,600,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
a. $18,400,000 of long-term liabilities.
b. $18,400,000 of current liabilities.
c. $3,680,000 long-term and $14,720,000 current liabilities.
d. $15,680,000 long-term and $2,720,000 current liabilities.
Answer:
The answer is "Choice d"
Explanation:
Please find the complete question in the attached file.
Follows are the calculation to this question:
The notes on payable= [tex]\$18,400,000[/tex]
Calculating the Refinancing ability:
[tex]=\$ 19,600,000 \times 80\% \\\\ = \$ 19,600,000 \times \frac{80}{100} \\\\ = \$ 196,000 \times 80 \\\\ =\$15,680,000[/tex]
The current liability= [tex]\$2,720,000[/tex]
Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4% per year. The risk-free rate is 4%, and the expected return on the market portfolio is 12%. The stock has a beta of 0.75. What is the intrinsic value of the stock
Answer:
$66.67
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
required return = 4% + 0.75 ( 12% - 4%) 10%
4/ 0.1 - 0.04 = $66.67
In a paragraph of 250 words or less, please discuss areas of outstanding achievements. Give examples such as scholarships, leadership roles, major projects, work experience, etc. Outstanding achievements will be reviewed by all selected major choices to which you apply.
Explanation:
Writing a scientific article at the university can be a remarkable and relevant achievement as this article seeks to find solutions to problems faced by today's society. An example is a scientific project in the area of environmental management that seeks to develop explanations and solutions applicable to companies for the implementation of environmental programs and certifications, it is a project that will contribute to the reduction of impacts to the environment and to the valorization of local communities and producers. .
However, it is necessary that the environmental management project presents solutions that benefit both the organization and the environment in fact, as organizations as profitable entities will implement some social and environmental benefit program if it is legally necessary or bring strategic and competitive benefits.
Assume that Simple Co. had credit sales of $280,000 and cost of goods sold of $165,000 for the period. It estimates that 2 percent of credit sales in uncollectible accounts when it uses the percentage of credit sales method and it estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $6,900 when it uses the aging method. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $400.
Required:
Prepare the journal entry to record the end-of-period adjustment for bad debts under the (a) percentage of credit sales method and (b) aging of accounts receivable method.
Answer:
A. Dr Bad Debt Expense $5,600
Cr Allowance for Doubtful Accounts $5,600
B. Dr Bad Debt Expense $6,500
Cr Allowance for Doubtful Accounts $6,500
Explanation:
A. Preparation of the journal entry to record the end-of-period adjustment for bad debts under
percentage of credit sales method
Dr Bad Debt Expense $5,600
Cr Allowance for Doubtful Accounts $5,600
($280,000 x .02 = 5600)
(Being to record bad debts under percentage of credit sales method)
B. Preparation of the journal entry to record the end-of-period adjustment for bad debts under the aging of accounts receivable method.
Dr Bad Debt Expense $6,500
Cr Allowance for Doubtful Accounts $6,500
($6,900 - $400 = 6500)
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Jan 31
Dr Raw materials inventory $5,100
Cr AccountsPayable $5,100
Jan 31
Dr Work in Process inventory $7,500
Cr Factory wages payable $5,800
Cr Payroll taxes payable $1,700
Jan 31
Dr Manufacturing overhead $2,900
Cr Utilities payable $2,900
Explanation:
Preparation of a separate journal entries for each type of manufacturing cost
Jan 31
Dr Raw materials inventory $5,100
Cr AccountsPayable $5,100
Jan 31
Dr Work in Process inventory $7,500
Cr Factory wages payable $5,800
Cr Payroll taxes payable $1,700
Jan 31
Dr Manufacturing overhead $2,900
Cr Utilities payable $2,900
A company has two open seats, Seat A and Seat B, on its board of directors. There are 6 candidates vying for these 2 positions. There will be a single election to determine the winner of both open seats. As the owner of 100 shares of stock, you will receive one vote per share for each open seat. You decide to cast all 200 of your votes for a single candidate. What is this type of voting called?
a. democratic
b. cumulative
c. straight
d. deferred
e. proxy
Answer:
b. cumulative
Explanation:
Cumulative voting is a type of voting in which more than one vote is placed to the desired candidate. The voters possess the right to extend more than one vote. All the votes in the hand of the voter can be entitled to any particular candidate as decided by the voter.
In the given situation, cumulative voting system has been used. The voter gives all the 200 votes to the single candidate.
12. Allen Steel Company is considering whether to build a new mill. If the interest rate falls, a. the present value of the returns from the mill will fall, so Allen will be less likely to build the mill. b. the present value of the returns from the mill will fall, so Allen will be more likely to build the mill. c. the present value of the returns from the mill will rise, so Allen will be less likely to build the mill. d. the present value of the returns from the mill will rise, so Allen will be more likely to build the mill.
Answer:
Allen Steel Company is considering whether to build a new mill. If the interest rate falls,
d. the present value of the returns from the mill will rise, so Allen will be more likely to build the mill.
Explanation:
A fall in the interest rate payable by Allen Steel Company will increase the present value of the returns that it can generate from building a new mill financed with debt. This is an incentive for investors to build more capital assets to increase productive activities in the economy. This is why the fall will most likely encourage Allen to build the mill.
Capalbo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the laborhours for the upcoming year at 52,000 labor-hours. The estimated variable manufacturing overhead was $2.78 per labor-hour and the estimated total fixed manufacturing overhead was $1,192,360. The actual labor-hours for the year turned out to be 52,600 labor-hours. The predetermined overhead rate for the recently completed year was closest to: A. $2.78. B. $25.45. C. $25.71. D. $22.93.
Answer:
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78
Predetermined manufacturing overhead rate= 22.93 + 2.78
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
You are planning to buy a house in eight years. Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 5%? *.677
A)$6,770
B) $6,590
C) $7,470
D) $9,400
E) $10,000
Answer:
the answer is B
Explanation:
in managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to
Answer:
i am sooooooo sorry im new and i need point and agian i'm so sorry
Explanation:
To attain the lowest possible labor costs per pair produced at each production site, the corporation must minimize labor costs per pair produced at each of its plants.
What is the training objective of production workers?The overarching goal of firm management should be to obtain the lowest possible labor costs per pair produced at each production facility in controlling production worker remuneration and expenditures for best practice training.
For more information about company expenditures, refer below
https://brainly.com/question/15871053
According to the rule of 70, if a country's real GDP per capita grows at a rate of 2% instead of at a rate of 3%, it would take _____ for that country to double its level of real GDP per capita. a. 35 additional years b. 11.67 additional years c. 23.3 additional years d. 30 additional years e. 15 additional years.
Answer:
b. 11.67 additional years
Explanation:
One of the requirements for a patent is that the invention be new, or___________ . An invention will not satisfy this requirement if it has already received a ___________or been described in a printed publication, unless the publication was made by __________in the year before filing the patent application. In addition, if the invention was in public use, on__________ , or otherwise available to __________elsewhere in the world, the invention is not patentable.
Answer:
Novel; patent; the inventor; sale; public.
Explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Basically, the three (3) main ways to protect an intellectual property is to employ the use of
I. Trademarks.
II. Patents.
III. Copyright.
One of the requirements for a patent is that the invention be new, or novel. An invention will not satisfy this requirement if it has already received a patent or been described in a printed publication, unless the publication was made by the inventor in the year before filing the patent application. In addition, if the invention was in public use, on sale, or otherwise available to the public elsewhere in the world, the invention is not patentable.
Department S had no work in process at the beginning of the period. It added 14,800 units of direct materials during the period at a cost of $103,600; 11,100 units were completed during the period; and 3,700 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $56,000 and factory overhead was $9,200. The total conversion costs for the period were a.$56,000 b.$9,200 c.$46,800 d.$65,200
Answer:
d.$65,200
Explanation:
Calculation to determine what The total conversion costs for the period were
Direct labor $56,000
Add Factory overhead $9,200
Total conversion costs $65,200
($56,000+$9,200)
Therefore the total conversion costs for the period were $65,200
Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following:
Common stock, $6 par value, 110,000 shares authorized Preferred stock, 14 percent, par value $6 per share, 4,800 shares authorized During the year, the following transactions took place in the order presented:
A. Sold and issued 20,500 shares of common stock at $12 cash per share.
B. Sold and issued 1,200 shares of preferred stock at $16 cash per share.
C. At the end of the year, the accounts showed net income of $40,900. No dividends were declared.
Required:
Prepare the stockholders’ equity section of the balance sheet at the end of the year.
TANDY, INCORPORATED
Balance Sheet (Partial)
At December 31, this year
Stockholders’ equity:
Contributed capital:
Common stock
Preferred stock
Additional paid-in capital, common stock
Additional paid-in capital, preferred stock
Total contributed capital
Retained earnings
Total stockholders’ equity
Answer:
See below
Explanation:
Tandy Incorporated
Balance sheet (Partial)
At December 31,
Stockholder's equity :
Contributed capital :
Common stock
$123,000
Preferred stock
$7,200
Additional paid in capital common stock
$123,000
Additional paid in capital preferred
$12,000
Total contributed capital
$265,200
Retained earnings
$40,900
Total stockholder's equity
$306,100
Workings:
Common stock = Number of common shares issued × Par value of one common share
= 20,500 × $6
= $123,000
Preferred stock = Number of preferred shares issued × Par value of one preferred share
= 1,200 × $6
= $7,200
Additional paid in capital , common stock = Number of shares issued × ( issue price of one share - Par value of one share)
= 20,500 × ($12 - $6)
= 20,500 × $6
= $123,000
Additional paid in capital , preferred stock = Number of shares issued × (Issue price of one share - Par value of one share)
= 1,200 × ($16 - $6)
= 1,200 × $10
= $12,000
define federal reserve system.
Answer:
this is the federal banking system of USA
On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $85,000. On this date, Zeibart examines the equipment for impairment and estimates undiscounted expected cash inflows from this equipment of $115,000
(1) Compute the annual depreciation expense relating to this equipment.
(2) Compute the equipment’s net book value at the end of the fourth year.
(3) If the equipment is impaired at the end of the fourth year, compute the impairment loss. (If the equipment is not impaired, enter 0.)
(4) Compute the annual depreciation expense
Answer:
(1) $19,500
(2) $142,000
(3) $27,000
(4) $15,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the p/l over the useful life of the asset. It may be computed as
Depreciation = (cost - salvage value)/useful life
Annual depreciation = ($220,000 - $25,000)/10
= $19,500
4 years later
Carrying amount of the equipment
= $220,000 - 4 * $19,500
= $220,000 - $78,000
= $142,000
If the asset is impaired
An asset is said to be impaired when the carrying amount is higher than recoverable amount where the recoverable amount is the higher of the fair value less cost to sell or the value in use of the asset which is the present value of the future expected inflow from the use of the asset.
Value in use = $115,000
Fair value = $85,000
Value in use = $115,000
Impairment loss = $142,000 - $115,000
= $27,000
Remaining number of years is 6
New carrying amount = $115,000
the annual depreciation expense = ($115,000 - $25,000)/6
= $90,000/6
= $15,000
Stockbrokers who market their services with confidence that they can outperform the market average in picking stocks are especially likely to a employ workers who use heuristics. b find it difficult to decide which stocks to purchase. c use algorithms to generate stock choices. d avoid the dangers of belief perseverance. e appear credible to their customers.
Answer:
e. appear credible to their customers.
Explanation:
Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.
It is a law that imposes a stiffer penalty for any securities related law-break offence by accountants, auditors, etc., by mandating strict reforms to the existing securities regulations.
A stockbroker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Stockbrokers who market their services with confidence that they can outperform the market average in picking stocks are especially likely to appear credible to their customers.
A company paid its annual dividends of $5.39 per share last week. The company expects to grow its dividends at the rate of 5.0 percent per year for four years, after which the dividends are expected to remain constant at the level of $7.13 per share per year in perpetuity. If investors require a rate of return of 11.5 percent on this company's stock, what should be the price of one share of this stock today
Answer: $58.7
Explanation:
The price of one share of this stock today will be calculated thus:
Dividend of year 1= $5.39(1 + 0.05) = $5.66
Dividend of Year 2 = $5.39(1 + 0.05)² = $5.94
Dividend of Year 3 = $5.39(1 + 0.05)³ = $6.24
Dividend of Year 4 = $5.39(1 + 0.05)^4 = $6.55
We then calculate the value at year 4 which will be:
= $7.13 / 0.115 = $62
The price will then be:
Price = $5.66 / (1 + 0.115) + $5.94 / (1 + 0.115)² + $6.24/ (1 + 0.115)³ + $6.56 / (1 + 0.115)^4 + $62 / (1 + 0.115)^4
= $58.7
Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated to the two operating departments based on square feet occupied. Listed below are the operating data for the current period:
Department Direct Expenses Square Feet
Maintenance $52,500 23,000
Milling 94,500 46,000
Assembly 123,400 69,000
The total cost of operating the Assembly Department for the current period is:_____.
Answer:
$154,900
Explanation:
The computation of the total cost of operating the assembly department as follows:
= Direct expenses of assembly department + allocated amount
= $123,400 + $52,500 × 69,000 ÷ (69,000 + 46,000)
= $123,400 + $52,500 × 69,000 ÷ 115,000
= $123,400 + $31,500
= $154,900
Abbot Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5,000. In addition, tax depreciation exceeded book depreciation by $40,000. Finally, Abbot received $3,000 of tax-exempt life insurance proceeds from the death of one of its officers. Abbot's current income tax expense or benefit would be:
Answer:
$157,080
Explanation:
Calculation to determine what Abbot's current income tax expense or benefit would be:
Current income tax expense or benefit=[($500,000 + $5,000 - $40,000 - $3,000)*34%]
Current income tax expense or benefit= $462,000* 34%
Current income tax expense or benefit=$157,080
Therefore Abbot's current income tax expense or benefit would be:$157,080
The adjusted trial balance for Concord Corporation at the end of the current year, 2018, contained the following accounts.
5-year Bonds Payable 8% $3000000
Interest Payable 51000
Premium on Bonds Payable 100000
Notes Payable (3 months.) 42000
Notes Payable (5 yr.) 167000
Mortgage Payable ($17000 due currently) 201000
Salaries and wages Payable 16000
Income Taxes Payable (due 3/15 of 2019) 23000
The total long-term liabilities reported on the balance sheet are:___________.
a. $3351000.
b. $3468000.
c. $3451000.
d. $3368000.
Answer:
c. $3451000.
Explanation:
The computation of the total long term liabilities reported is shown below:
Year Bonds Payable 8% $3,000,000
Premium on Bonds Payable $100,000
Notes Payable(5 Year) $167,000
Mortgage Payable($201,000-$17,000) $184,000
Total Long-term liabilities $3,451,000
Hence, option c is correct
g You have been hired to value a new 25-year callable, convertible bond with a par value of $1,000. The bond has a coupon rate of 6 percent, payable annually. The conversion price is $180 and the stock currently sells for $42.10. The stock price is expected to grow at 10 percent per year. The bond is callable at $1,200; but based on prior experience, it won't be called unless the conversion value is $1,300. The required return on this bond is 8 percent. What value would you assign to this bond
Answer:
The value that would be assigned to this bond is $1,209.36.
Explanation:
From the question, we have:
n = Number of years = 25
FV = Future value = $1,000
PMT = Coupon payment = Coupon rate * FV = 6% * $1000 = $60
r = required return rate = 8%, or 0.08
CP = Conversion price = $180
P = Current selling price = $42.10
t = number of years the bond will be called = ?
PV = [(PMT / r) * (1 - (1 / (1 + r)^n))] + (FV / (1 + r)^n) = [(60 / 0.08) * (1 - (1 / (1 + 0.08)^25))] + (1000 / (1 + 0.08)^25) = $786.50
Therefore, we have:
PV = Current value of the bond = $786.50
CR = Conversion ratio = FV/CP = 1000 / 180
CV = Conversion value = P * CR = $42.10 * (100 / 180) = $23.39
CCP = Current conversion price = CV = $23.39
CPB = Conversion price at which Bond will be called = $1,300
Therefore. we have:
CCP * CR^t = CPB ................... (1)
Substitute relevant values into equation (1) and solve for t, we have:
$23.39 * (1000 / 180)^t = $1,300
23.39 * 5.56^t = 1,300
5.56^t = 1,300 / 23.39
t = ln(1,300 / 23.39) / ln(5.56)
t = 2.34 years
Therefore, we have:
Value assigned to the bond = PV = [(PMT / r) * (1 - (1 / (1 + r)^t))] + (CPB / (1 + r)^t) = [(60 / 0.08) * (1 - (1 / (1 + 0.08)^2.34))] + (1300 / (1 + 0.08)^2.34) = $1,209.36
Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information based on uncertain events that may impact the market, and buyers commit to a financial contract in which they obligate themselves to purchasing a fixed quantity of the asset at a specified price on a certain date. In April, 2019, the national average price of unleaded gasoline was $2.87 per gallon. At the same time, the futures price for a June contract on unleaded gasoline was $2.07 per gallon.
A. The forecasted price in the futures market suggests that unleaded gasoline prices will_____by June of 2019.
B. If the information transmitted in this market is accurate and unbiased, then the predict____the actual price we will see in June.
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
a.
Unleaded fuel prices are expected to fall by June 2019 according to future demand forecasts.
Since the future price is less than the spot price, it would be better for long-term buyers who can wait for the price to increase because the market is currently in BACKWARDATION. This happens due to a short-term disparity in demand and supply.
b.
If the information in this sector is reliable and impartial, the expected June price will most likely be similar to the real price we will see in June.
It is reliable if the market is accurate and impartial, i.e. the market research on which knowledge flows.
The prices of goods are either integrated or expressed in such a flow of knowledge.
So, if it's unbiased and reliable, the forecast prices would be reasonably similar to the real future price.
Answer:
A. Decline
B. Close to
Explanation:
A. The prediction market for gasoline is much lower so prices would need to decline
B. Due to the information being accurate, it is safe to assume that the predicted price will we close to the actual price
Suppose you are the money manager of a $5.21 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 320,000 1.50 B 780,000 (0.50) C 1,260,000 1.25 D 2,850,000 0.75 If the market's required rate of return is 10% and the risk-free rate is 5%, what is the fund's required rate of return
Answer: 8.65%
Explanation:
First find the weights of the stocks:
Total = 320,000 + 780,000 + 1,260,000 + 2,850,000
= $5,210,000
Stock A:
= 320,000 / 5,210,000
= 6.14%
Stock B:
= 780,000 / 5,210,000
= 14.97%
Stock C:
= 1,260,000 / 5,210,000
= 24.18%
Stock D:
= 2,850,000 / 5,210,000
= 54.70%
Then calculate Portfolio Beta.
Portfolio beta = (6.14% * 1.50) + (14.97% * - 0.5) + (24.18% * 1.25) + (54.72% * 0.75)
= 0.7299
Required rate of return using Capital Asset Pricing Model (CAPM)
= Risk free rate + Beta * (Market return - risk free rate)
= 5% + 0.7299 * (10% - 5%)
= 8.65%
Atlanta Manufacturing Company produces products A, B, C, and D through a joint process. The joint costs amount to $100,000. Product Units Produced Sales Value at Split-Off Additional Costs of Processing Sales Value After Processing A 1,500 $10,000 $2,500 $15,000 B 2,500 $30,000 $3,000 $35,000 C 2,000 $20,000 $4,000 $25,000 D 3,000 $40,000 $6,000 $45,000 If A is processed further, profits of A will:
Answer:
increase by $2,500
Explanation:
Calculation to determine what the profit of A will be if A is processed further
Profit A if processed further=$15,000-$10,000-$2,500
Profit A if processed further=$2,500
Note that The $2,500 is cost of additional processing
Therefore If A is processed further, profits of A will:increase by $2,500
Presented below are long-term liability items for Pharoah Company at December 31, 2020. Bonds payable, due 2022 $625,000 Lease liability 60,000 Notes payable, due 2025 70,000 Discount on bonds payable 46,875 Prepare the long-term liabilities section of the balance sheet for Pharoah Company. (Enter account name only and do not provide descriptive information.)
Answer:
See explanation
Explanation:
Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.
(Last Word) Fixed costs for a firm are analogous to: Group of answer choices starting out in a hole that represents economic losses if the firm produces nothing. digging a deeper financial hole by producing when prices are too low. the cost of the shovel needed to fill the financial hole. the dirt that fills up the financial hole.
Answer:
starting out in a hole that represents economic losses if the firm produces nothing.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Thus, they are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Some examples of fixed costs in business are loan payments, employee salary, depreciation, marketing costs, rent, insurance, lease, utilities, administrative cost, research and development costs, etc.
Furthermore, fixed costs may be relevant in a decision because it affects the amount of future cash-flow of a business entity.
Hence, the fixed costs for a firm are analogous to starting out in a hole that represents economic losses if the firm produces nothing. This simply means that, the firm is only using it money to fund the all of the necessary items or utilities required for the operation of its business but do not produce any goods or services. Simply stated, the firm is not generating any revenue as its produces nothing.
