The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000 divided into two departments: Fabrication, $420,000, and Assembly, $180,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 8 direct labor hours in Assembly. Each product is budgeted for 250 units of production for the year.Required:a. Determine the total number of budgeted direct labor hours for the year in each department.b. Determine the departmental factory overhead rates for both departments.c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

Answers

Answer 1

Answer:

Fabrication, $420,000 / 3,000 = $140 per hour

Assembly, $180,000 / 3,000 = $60 per hour

speedboats

8 direct labor hours in Fabrication x 250 = 2,000 hours4 direct labor hours in Assembly x 250 = 1,000 hours

bass boats

4 direct labor hours in Fabrication x 250 = 1,000 hours8 direct labor hours in Assembly x 250 = 2,000 hours

a. Determine the total number of budgeted direct labor hours for the year in each department.

3,000 labor hours in Fabrication and 3,000 labor hours in Assembly

b. Determine the departmental factory overhead rates for both departments.

Fabrication = $140 per hour

Assembly = $60 per hour

c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

speedboats

Fabrication $1,120Assembly $240

bass boats

Fabrication $560Assembly $480

Related Questions

The next dividend payment by Hoffman, Inc., will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 4.75 percent forever. If the stock currently sells for $49.40 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

10.6%

Explanation:

Calculation for the required return

Using this formula

Required return=(Dividend payment/Stock per share)+Anticipated growth rate

Let plug in the formula

Required return =($2.90 per share/$49.40 per share)+0.0475

Required return=0.05870+0.0475

Required return =0.106*100

Required return =10.6%

Therefore the Required return will be 10.6%

In his 1935 book, Harold Laswell described politics as "Who Gets What When How." The American concept of pluralism, or group politics, includes all of the following except _________________.

A) placing others into decision-making positions.

B) removing inefficient or ineffective representatives.

C) casting one's ballot on Election Day.

D) influencing decisions affecting one's life.

Answers

Answer:

D) influencing decisions affecting one's life.

Explanation:

Pluralism is an American theory of governance that states that political power is controlled by several groups of people and not the citizens as a whole. These several groups of people constitute organizations, activists, environmentalists, and other impactful groups who seek recognition and acceptance from the populace and who make decisions that affect the citizens. One attribute of Pluralism is the fact that no single elite or groups of elites control decision making in governance.

The groups of people have powers that are limited in scope and regulated by competition with other groups. Moreso, these groups seek approval from the populace and that is why opinion polls, surveys, elections, etc., are carried out in order to ascertain which entities are more popular with the people.

Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange for a 50 percent capital and profits interest in the partnership: Harry Basis Fair Market Value Cash $30,000 $30,000 Land 100,000 120,000 Totals $130,000 $150,000 Sally: Equipment used in a business 200,000 150,000 Totals $200,000 $150,000 Required:a. How much gain or loss will Harry recognize on the contribution? b. How much gain or loss will Sally recognize on the contribution? c. How could the transaction be structured a different way to get a better result for Sally? d. What is Harry's tax basis in his partnership interest? e. What is Sally's tax basis in her partnership interest? f. What is Evergreen's tax basis in its assets? e. Prepare a tax basis balance sheet for the Evergreen partnership showing the tax basis capital accounts for the partners.

Answers

Answer:

a. Harry will recognize $0.

b. Sally will also recognize $0.

c. By selling the equipment to an unrelated party and by contributing $150,000 to the partnership instead.

d. Harry's tax basis in his partnership interest is $130,000.

e. Sally's tax basis in her partnership interest is $200,000

f. Evergreen's tax basis in its assets is $330,000

g. Total assets = Total Capital = $330,000

Explanation:

Note: The data in the question are merged together and they are first sorted before answering the questions as follows:

Harry:                                                      Basis             Fair Market Value

Cash                                                     $30,000                   $30,000

Land                                                      100,000                  120,000  

Totals                                                  $130,000                $150,000

Sally:

Equipment used in a business           200,000                    150,000

Totals                                                $200,000                  $150,000

The explanations to the answers are now provided as follows:

a. How much gain or loss will Harry recognize on the contribution?

Harry will recognize $0 because he did not have any debt relief.

The reason is that gain on property contributed by a partner to a partnership will be recognized only when the debt relief they seemed to have received is greater than their basis in the partnership before the distribution.

Since Harry did not have any debt relief, he will therefore recognize $0.

b. How much gain or loss will Sally recognize on the contribution?

Sally will also recognize $0.

It is possible that when partners contributes property to a partnership, loss may not be recognized even if they have debt relief. Therefore, it not in all cases that loss are recognized.

c. How could the transaction be structured a different way to get a better result for Sally?

This transaction could be structured differently if Sally decides to sell the equipment to an unrelated party and then make a cash contribution of $150,000 to the partnership instead of contributing the equipment. As a result of this, it will be possible for Sally to recognize the built-in loss on the equipment by selling it.

d. What is Harry's tax basis in his partnership interest?

The basis of Harry in his partnership interest can be obtained by adding his contribution of cash and land to the partnership as follows:

Harry's tax basis = $30,000 + $100,000 = $130,000.

Therefore, Harry's tax basis in his partnership interest is $130,000.

e. What is Sally's tax basis in her partnership interest?

This is simply the amount of her contribution of $200,000 basis in the equipment.

Therefore, Sally's tax basis in her partnership interest is $200,000.

f. What is Evergreen's tax basis in its assets?

This can be calculated by adding the Harry's basis in cash and land of $30,000 and $100,000 respectively together with Sally's basis in equipment of $200,000 as follows:

Evergreen's tax basis in its assets = $30,000 + $100,000 + $200,000 = $330,000

Therefore, Evergreen's tax basis in its assets is $330,000.

e. Prepare a tax basis balance sheet for the Evergreen partnership showing the tax basis capital accounts for the partners.

This can be prepared as follows:

Evergreen partnership

Tax Basis Balance Sheet

Particulars                                        Amount ($)  

Assets:

Cash                                                     30,000

Equipment                                         200,000

Land                                                    100,000

Total Assets                                      330,000

Capital:

Harry's Capital (w.1)                            130,000

Sally's Capital (w.2)                           200,000  

Total Capital                                     330,000  

Workings:

w.1: Harry's  Capital = Cash contributed + Land contributed = $30,000 + $100,000 = $130,000

w.2: Sally's Capital = Equipment contributed = $200,000

Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of the store. True False

Answers

Answer: True

Explanation:

Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.

This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

Describe various ways that knowledge management systems could help firms with sales and marketing or with manufacturing and production.

Answers

Answer:

Please see explanation below.

Explanation:

Knowledge management system is a system that allows sales people have quick and right information about a company's value proposition without having to wait for feedback from team members or someone else in the company. An advantage of knowledge management system is the ability to train many employees remotely or places where they may be needed.

Various ways ways that knowledge management system could help sales and marketing.

•Getting sales people on the same page. A company's sales team should understand the value propositions of their firm and how such values distinct them from the competitors. Each sales member should be acquitted with the knowledge management system which provides an easily accessible place for the company's value proposition. It also means that the values should readily be known and understood by everyone and are able to apply them according to how situations demands.

• Allowing to refine and deliver a better training process. This explain that knowledge management system can assist in terms of tracking questions frequently asked by sales people , contents mostly assessed by them and activities often carried out by top sales person that bring about the best result. All the information gathered including possible answers and training contents can then be loaded into the knowledge management system to help train new hires.

• Helping to track valuable insights and information. Prospects and customers usually give useful feed back which can assist a sales team and sales representative handles future sales opportunities. It is not enough capturing these information on the knowledge management system, they should be properly organized and accessible for other team members to benefit .

• Making it easier for sales and marketing to help each other. An important part of marketing team's task is to understand the challenges faced by the target audience and the questions prospects commonly ask so as to create relevant contents for them and also upload them on the knowledge management system portal. Such information should be often accessed by the team and then take better advantage of it.

Other areas knowledge management system could help sales and marketing are assistance with sales trend, high level decisions with regards to product orders, price negotiations . etc

In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of all items each month. However, increasing labor costs are forcing Taylor Industries to examine alternative ways to reduce the amount of labor involved in inventory stockrooms, yet without increasing other costs, such as shortage costs. Here is a random sample of 20 of Taylor's items.
ITEM NUMBER ANNUAL USAGE ITEM NUMBER ANNUAL USAGE
1 $ 1,500 11 $ 13,000
2 12,000 12 600
3 2,200 13 42,000
4 50,000 14 9,900
5 9,600 15 1,200
6 750 16 10,200
7 2,000 17 4,000
8 11,000 18 61,000
9 800 19 3,500
10 15,000 20 2,900
a. What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)
b. Item 15 is critical to continued operations. How would you recommend it beclassified?

Answers

Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items.  These items are determined by reference to their Annual Usage values.  The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms.  Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted.  For example, the items with annual usage value above $5,000 should be included in the items to be counted.  This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER   ANNUAL USAGE    ITEM NUMBER    ANNUAL USAGE

1                               $ 1,500                      11                       $ 13,000

2                               12,000                     12                              600

3                                2,200                      13                        42,000

4                              50,000                     14                           9,900

5                                9,600                     15                            1,200

6                                   750                      16                         10,200

7                                2,000                      17                          4,000

8                               11,000                      18                         61,000

9                                  800                       19                         3,500

10                            15,000                      20                        2,900

Average annual usage value = $12,657.50

Duerr company makes a $73,000, 90-day, 10% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)

Answers

Answer: $74,825

Explanation:

Maturity value is the amount that a borrower will pay to the lender when the loan matures.

Based on the above analysis, the interest will be:

= $73,000 × 10% × 90/360

= $73,000 × 0.1 × 0.25

= $1825

Maturity value will now be the addition of the principal and the interest. This will be:

= $73,000 + $1825

= $74,825

Use the following information to determine the break-even point in sales dollars:

Unit sales 51,600 Units
Dollar sales $516,000
Fixed costs $206,000
Variable costs $193,500
$206,000.

$116,500.

$186,400.

$329,600.

$516,000.

Answers

Answer:

$329,600

Explanation:

The computation of break-even point is shown below:-

But before that first we need to compute the following calculations

Total contribution margin ratio = Sales - Variable cost

= $516,000 - $193,500

= $322,500

Contribution margin in percentage = Total Contribution Margin ÷ Total Sales

= $322,500 ÷ $516,000

= 62.50%

Now,

Break-even point = Total fixed cost ÷ Contribution margin in percentage

= $206,000 ÷ 62.50%

= $329,600

Project A Project B
Time 0 -10,000 -5,000
Time 1 4,000 3,000
Time 2 3,000 2,000
Time 3 10,000 2,000
If WiseGuy Inc. uses payback period rule to choose projects, which of the projects (Project A or Project B) will rank highest?
a) Project A
b) Project B
c) Project A and B have the same ranking
d) Cannot calculate a payback period without a discount rate

Answers

Answer: b) Project B

Explanation:

Payback period works by checking how long it will take a project to pay back the initial amount invested in it. Project A.

Project A

Payback Period = Year before Payback happens + Amount left till payback/Cash inflow in year of payback

= Time 1 + Time 2

= 4,000 + 3,000

= $7,000

This amount is not enough to cover the investment of $10,000 so the investment will be paid in Time 3 and remains $3,000.

= 2 + 3,000/10,000

= 2.3 Times

Project B

= Time 1 + Time 2

= 3,000 + 2,000

= $5,000

At the end of Time 2, Project B has paid off its initial investment of $5,000. Its Payback period is 2 Times. This is lower than Project A so this project will rank higher.

If the effective annual rate of interest is known to be 16.08% on a debt that has quarterly payments, what is the annual percentage rate?

Answers

Answer:

15.19%

Explanation:

According to the given situation, the computation of the annual percentage rate is shown below:-

Annual percentage rate = (1 + APR ÷ n^n) -1)

Now we will put the values into the above formula to reach the annual percentage rate

= ((1.1608) × 0.25 - 1) × 4

= 0.1519

or

= 15.19%

Therefore for computing the annual percentage rate we simply applied the above formula.

Which of the following is a drawback faced by multinational enterprises (MNEs)pursuing an international strategy?

a. They cannot leverage their home-based core competencies in foreign markets.
b. They are highly affected by exchange rate fluctuations.
c. They have to be highly responsive to local needs and preferences.
d. They cannot reap the benefits of economies of scale due to their highly customized products.

Answers

Answer:

Option b. They are highly affected by exchange rate fluctuations.

Explanation:

international strategy can be defined simply as the means or strategy by  which a firm sells its goods and services outside its domestic market. they helps by  enabling firms to leverage their home-based core competencies in foreign markets.

A multinational enterprise (MNE)  can be said to be a company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries and it can only pursue international strategy if only when it enjoys a large domestic market, strong reputation, and brand name. exchange rate fluctuations affects MNE pursuit of international strategy.

Jamie has worked for ABC Printing for 5 years. During this period ABC Printing has contributed $25,000 to her non-contributory retirement plan. Assuming ABC uses graded schedule vesting, how much will Jamie be able to roll into an IRA if she left ABC Printing after 5 years?

Answers

Answer:

$20,000

Explanation:

Generally a graded vesting schedule lasts 6 years. After the first 2 years, the employee is entitled to 20% of accrued benefits (in this case contributions to her retirement plan). Then, the employee will be vested an additional 20% of the contribution benefits per year until the sixth year when 100% of the benefits are vested.

In this case, Jamie would be able to roll out $25,000 x 80% = $20,000

End of year                 % vested

2                                        20%

3                                        40%

4                                        60%

5                                        80%

6                                        100%

Consider the single factor APT. Portfolio A has a beta of 1.7 and an expected return of 19%. Portfolio B has a beta of .6 and an expected return of 15%. The risk-free rate of return is 11%. If you wanted to take advantage of an arbitrage opportunity, you should take a short position in portfolio __________ and a long position in portfolio _________. Multiple Choice A;A A;B B;B B;A

Answers

Answer: A;B

Explanation:

Consider the single factor APT. Portfolio A has a beta of 1.7 and an expected return of 19%. Portfolio B has a beta of .6 and an expected return of 15%. The risk-free rate of return is 11%. If you wanted to take advantage of an arbitrage opportunity, you should take a short position in portfolio A and a long position in portfolio B.

You should take a short position in the Portfolio with a lower risk premium and a long position on the Portfolio with a higher risk premium.

Using the single factor APT, the formula for risk premium can be derived from;

E(r) = Rf + beta (Risk premium on factor)

Portfolio A

19% = 11% + 1.7 * Risk premium

1.7 * risk premium = 8%

Risk Premium = 4.7%

Portfolio B

15% = 11% + 0.6 * RP

0.6 * RP = 4%

RP = 6.67%

Portfolio A Risk premium is lower so it should be shorted.

Portfolio B Risk premium is higher so it should taken a long position in.

A large furniture and appliance rental business is considering sponsorship options. It has brought together vice-presidents from the various functional areas of the company to determine which sponsorships will most effectively reach the rental company's prospective customers. The rental company has established a:
a. cross-functional team
b. horizontally-organized team
c. vertically-organized team
d. problem-resolution team
e. project committee

Answers

Answer:

a. cross-functional team

Explanation:

In this case, the most appropriate is the use of a cross-functional team.

This team is formed by several professionals with knowledge, techniques, skills and resources to help the company achieve its goals and objectives.

The benefits of forming a cross-functional team is to aggregate the potential of each member in a common objective, which ensures greater flexibility of ideas, greater innovation, greater exchange of experiences, which guarantees greater team engagement, greater possibility of designing solutions and greater efficiency in organizational processes.

Joseph contributed $25,000 in cash and equipment with a tax basis of $6,400 and a fair market value of $12,600 to Berry Hill Partnership in exchange for a partnership interest.
a. What is Joseph’s tax basis in his partnership interest?
b. What is Berry Hill’s basis in the equipment?

Answers

Answer:

(A) $31,400

(B) $6,400

Explanation:

Joseph contributed $25,000 in cash and equipment

The tax basis is $6,400

The fair market value paid to Bill hill partnership is $12,600

(A) Joseph tax basis in his partnership interest can be calculated as follows

= contribution+tax basis

= $25,000+$6,400

= $31,400

(B) Since Joseph contributed a tax basis of $6,400 to Bill hill partnership in exchange for a partnership interest then, Bill hill's basis in the equipment is $6,400

A company is considering expanding their production capabilities with a new machine that costs $38,000 and has a projected lifespan of 8 years . They estimate the increased production will provide a constant $5,000 per year of additional income . Money can earn 1.7% per year, compounded continuously . Should the company buy the machine

Answers

Answer:

the company should  not buy the machine.

Explanation:

Given that:

cost of the new machine = $38000

lifespan = 8 years

constant income = 5,000

Interest = 1.7%

no of days  = 365

The value of earning at the time of buying can be calculated as follows:

[tex]= \dfrac{5000}{(1+ \dfrac{1.7}{100})^8}+ \dfrac{5000}{(1+ \dfrac{1.7}{100})^7}+\dfrac{5000}{(1+ \dfrac{1.7}{100})^6}+...+ \dfrac{5000}{(1+ \dfrac{1.7}{100})^0}[/tex]

[tex]= 5000 \begin {pmatrix} \dfrac{1}{(1.017)^8}+ \dfrac{1}{(1.017)^8}+\dfrac{1}{(1.017)^6}+...+ 1} \end {pmatrix}[/tex]

Sum of a Geometric progression [tex]S=a \dfrac{(r^n -1)}{(r-1)}[/tex]

[tex]S=(\dfrac{1}{1.017})^8 \dfrac{((1.017)^9 -1)}{(1.017-1)}[/tex]

[tex]S= \dfrac{((1.017)^9 -1)}{ (1.017)^8(0.017)}[/tex]

S = 8.4211

The value of earning at the time of buying = (5000 × 8.4211)-$5000

The value of earning at the time of buying = $42105.5 -$5000

The value of earning at the time of buying = $37105.5

The Machine price = $38000

If the value - Machine price > 0, then the company should  buy the machine

= $ 37105.5 - $38000

= -$ 894.5

Since the value is negative which is less than zero, then the company should  not buy the machine.

The company should not buy the machine since it earns a negative NPV of $894.25.

Data and Calculations:

Cost of machine in present value = $38,000

Projected lifespan = 8 years

Additional annual income = $5,000

Compound interest rate = 1.7%

Present value annuity factor for 1.7% for 8 years = 0.13475

Present value of annual income = $37,105.75 ($5,000/0.13475)

Net present value = -$894.25 ($38,000 - $37,105.75)

Learn more: https://brainly.com/question/19131462

All else being equal, a marketing channel that has a high cost per exposure will have a ________ return on investment.

Answers

Answer:

all else being equal, a marketing channel that has a high cost per exposure will have a low return on investment

Suppose that when your income increases by $300, your consumption expenditures increases by $240.
Your marginal propensity to consume (MPC) is _________ .
If your MPC was the same as the MPC for the economy as a whole, the expenditure multiplier for the economy would be ______________ .
Thus, a $4 million investment project would increase income by $ _________ million in total.

Answers

Answer:

The MPC is 0.8

The multiplier or k is 5

The increase in income would be $20 million.

Explanation:

The marginal propensity to consume (MPC) is the proportion of increased disposable income that consumers spend. It is a metric to quantify the induced consumption and how an increase in consumer spending occurs as a result of increase in income.

MPC is calculated as follows,

MPC = Change in consumer spending / change in income

MPC = 240 / 300

MPC = 0.8 or 80%

To calculate the multiplier, we simply use the following formula,

Multiplier or k = 1 / (1 - MPC)

k = 1 / (1 - 0.8)

k = 5

So, the expenditure multiplier for the economy would be 5.

To calculate the increase in income, we will multiply the investment amount by the expenditure multiplier.

Income increase = 4000000 * 5

Income increase = $20000000 or 20 million

The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will maximize profit with a. 9 units of output. b. 15 units of output. c. 21 units of output. d. 30 units of output.

Answers

Answer:

b. 15 units of output.

Explanation:

information regarding sales price and quantity demanded is missing, so I looked it up (see attached file):

units              sales revenue            total costs            profits

9                       $216                            $36                     $180

15                      $270                           $54                     $216

21                      $252                           $72                     $180

30                     $90                             $99                     ($9)

Bob: Listen, donuts are made to bring joy into our lives and to wake up our glazed faculties. Just let them be distributed according to unchanging moral principles of justice. The donuts will distribute themselves according to natural principles. We just take what we want and the leftovers will be appreciated by those who enjoy them most. Don't overcomplicate this. Where's the chocolate milk? End Part 2

Answers

Answer:

National law school of thought

Explanation:

The natural law school of thoughts refers to analyze the behavior of humans also it figured out the moral rule occurs from the behaviors.

It is inherent laws that are applied to all societies, communities, etc also it is common for all whether it is mentioned or officially announced

It should be rational and reasonable too

Therefore the given scenario represents the National law school of thought

Smathers Corp. stock has a beta of 1.23. The market risk premium is 7.00 percent and the risk-free rate is 2.86 percent annually. What is the company's cost of equity?

Answers

Answer:

the company's cost of equity is 11.47 %.

Explanation:

The Company`s cost of equity is the return that is required by holders of Common Stocks.

The Cost can be determined using the Capital Asset Pricing Model (CAPM) as follows :

Cost of Equity = Return on Risk Free Rate + Beta × Return on Market Portfolio

                       = 2.86 % + 1.23 × 7.00 %

                       = 11.47 %.

Data pertaining to the current position of Forte Company are as follows:

Cash $412,500
Marketable securities 187,500
Accounts and notes receivable (net) 300,000
Inventories 700,000
Prepaid expenses 50,000
Accounts payable 200,000
Notes payable (short-term) 250,000
Accrued expenses 300,000

Required:
Compute:
a. The working capital.
b. The current ratio.
c. The quick ratio.

Answers

Answer:

Forte Company

Computation of :

a. The working capital = Current Assets minus Current Liabilities

= $1,650,000 - $750,000

= $900,000

b. The current ratio = Current assets/Current liabilities

= $1650,000/$750,000

= 2.2 : 1

c. The quick ratio = (Current asset minus Inventory)/Current liabilities

= ($1,650,000 - 750,000)/$750,000

= $900,000/$750,000

= 1.2 : 1

Explanation:

a) Data and Calculations:

Cash                                                   $412,500

Marketable securities                          187,500

Accounts and notes receivable (net) 300,000

Inventories                                          700,000

Prepaid expenses                                50,000

Total Current Assets                     $1,650,000

Accounts payable                              200,000

Notes payable (short-term)               250,000

Accrued expenses                            300,000

Total Current Liabilities                  $750,000

b) Forte Company's working capital is the difference between the current assets and the current liabilities.  In this case, it is very positive with a huge sum of $900,000.

c ) Forte Company's current ratio is an expression of the relationship between current assets and current liabilities.  It shows how much of current liabilities that current assets can cover.  The ability of the management of Forte Company to settle its current obligations from the current assets is worked out under this ratio.

d) Forte has a quick ratio of more than 1 : 1.  It is similar to the current ratio but with the omission of the Inventory and Prepaid Expenses which are regarded as always taking longer to sell and recover respectively.

Question 7 of 10 How much should you save each year for maintenance on your home? $500 Whatever your home inspector recommends 7% of your gross income At least 1% of the purchase price

Answers

Answer: At least 1% of the purchase price

Explanation:

The 1% rule is a popular practice that estimates that 1% of a house´s purchase price should be expected to be required for maintenance every year. This is the case for a house that is less than five years old. Houses between 5 and 25 years old could range between a 1 and 4% annual maintenance budget, depending also on its location, the market, its size, and the impact of the weather.

Suppose a period of continuous political instability leads to people to believe that the economy will slide into a deep recession. As a result, people become more likely to accept ________ money in exchange for goods and services.
A. Flat
B. Commodity
U.S. Dollars are an example of _____ money.
A. Flat
B. Commodity

Answers

Answer:

The answer is:

1. Commodity

2. Fiat

Explanation:

We have two questions here.

First, the answer is commodity money. Commodity money is the type of money whose value are tied to the commodity it is made up of. This is used as a medium of exchange when the value of money falls totally (during inflation or hyperinflation.) Examples of commodity money can be gold, cocoa,copper etc.

Second question. The answer is fiat money. Fiat money is the currency issued by the national government of a country through The Fed(in US) or Central banks (in most countries).

The fiat money in US is the US dollar, for Nigeria is Nigerian naira etc. It is a legal tender in those countries.

In organizational change, unfreezing can occur by:

a. increasing the restraining forces.
b. increasing the driving forces.
c. reducing the urgency to change.
d. reducing the pace of the change.
e. changing individuals in key positions.

Answers

Answer: b. increasing the driving forces.

Explanation:

Driving forces analysis (DFA) this are ways used in understanding and accounting for changes in industrial level. The drivers used for this are clusters of trends which directly or collectively have influence on changes occurring in an industrial structure and a rival's competitive conduct. The word force used here is used to show that the said drivers can materially impact the firm's future.

In insurance, an offer is usually made wheN

Answers

Answer: the insurance application has been submitted.

Explanation:

Insurance is a contract which is typically represented by a policy, whereby an individual will receive financial protection in case there are losses against the thing that was insured.

Since the insurance is a contract, an offer can be made when there has been an application for the insurance which would have been submitted.

An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80. On the basis of experience with similar jobs, the industrial engineering department estimates that the first plane will require 300 hours to refurbish. Estimate the amount of time needed to complete:

a. The fifth plane
b. The first five planes
c. All 18 planes

Answers

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

                                            = 178.67 hours

Total time for 5 planes = 178.67 hours × 5

                                      = 893.35

Average time for 4 planes = 300 (4)^-0.322

                                            = 191.98 hours

Total time for 5 planes = 191.98 hours × 4

                                      = 767.92 hours

The fifth plane would take =  893.35 - 767.92

                                            =  125.43 hours

Average time for the 18 planes = 300(18)^-0.322

                                                    = 118,28 hours

Total time for 18 planes = 118,28 hours × 18

                                       = 2,129.04 hours

Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Related information for 2021 is as follows ($ in millions): Customer advances balance, Dec. 31, 2020 $ 120 Advances received with 2021 orders 189 Advances applicable to orders shipped in 2021 182 Advances from orders canceled in 2021 36 What amount should Lake report as a current liability for advances from customers in its Dec. 31, 2021, balance sheet

Answers

Answer:

Lake Co.

Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:

Amount to report as current liability for advances from customers:

= $127

Explanation:

Advances from Customers:

Dec. 31, 2020 balance       $120

Cash received                      189

Total liability                      $309

Earned Revenue                 182

Current liability                  $127

Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided.  Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.

Answer:

the guy above me is correct!!

Explanation:

Which group would advertisers want to target and with what type of advertisement immediately before a holiday, as opposed to during a non-holiday time

Answers

Answer:

in graph it shows that the highest effect is w low content/low motivation/low knowledge

-only tend to be persuaded for a short time and would need the advertisement right before target date

b) group would be persuaded by high content argument but will remain persuaded so do not need to be advertised immediately before the holiday

Explanation:

You are going to form a portfolio with stocks A & B with the following information: Stock Expected Return Standard Deviation wi A 10% 30% 0.2 B 20% 40% 0.8 What is the portfolio’s standard deviation

Answers

Answer:

portfolio's standard deviation = 0.3256

Explanation:

Stock       Expected Return       Standard Deviation            Wi

A                 10%                                30%                               0.2

B                 20%                               40%                               0.8

covariance = [(10% - 10%) x (20% - 20%)] / (2 - 1) = 0

portfolio's standard deviation = (stock A's Wi² x variance) + (stock B's Wi² x variance) + (2 x covariance x weight A x weight B)

portfolio's standard deviation = √{(0.2² x 0.09) + (0.8² x 0.16) + 0} = √(0.0036 + 0.1024) = √0.106 = 0.3256

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