Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals. What business strategy is Trader Joe's using to gain its competitive advantage

Answers

Answer 1

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.


Related Questions

Answer the question on the basis of the following data. All figures are in billions of dollars. The economy characterized by the data is: Multiple Choice experiencing expanding production capacity because net investment is positive. experiencing a trade surplus. experiencing declining production capacity because net investment is negative. exporting more than it imports.

Answers

Answer:

Experiencing declining production capacity because net investment is negative.

Explanation:

Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.

Drag each tile to the correct box.
Arrange the steps in order to show how expansionary fiscal policy
affects an economy.
Tiles
Employment increases to meet the demand of
consumers and businesses.
Consumers and businesses have more money,
Output and prices begin to rise.
The government lowers the tax rate.
Consumers and businesses spend more money.

Answers

Answer:

Sample Answer

Explanation:

The steps are being arranged in the following order:

First step: The tax rate is being reduced by the government.Second step: The consumers and businesses have maximum money.Third step: More money spent by consumers and businesses.Fourth step: The demand by consumers is being met due to rising of employment in businesses.Fifth step: There is a rise in output and price of products.What is a fiscal policy?

A fiscal policy is one of the policy being applied by the government in order to control the expenditure and taxation structure of country. It helps in increasing the economic growth and reduction of poverty in the country.

The steps in the fiscal policy being implemented in a provided order:

Firstly, the government makes reduction in rates of taxes.Secondly, after tax reductions, the people and business entities get more money for spending and saving.Thirdly, both the entities spent maximum money as they can save more money due to lowering of taxes.Fourth, this increases the demand of goods and services being manufactured which requires more labor to be employed.Fifth, the production output and price of products being risen considerably after increasing demand.

Therefore, the steps are being totally matched in the order relating fiscal policy.

Learn more about the fiscal policy in the related link:

https://brainly.com/question/27250647

#SPJ5

Simone founded her company using of her own​ money, issuing herself shares of stock. An angel investor bought an additional shares for . She now sells another shares of stock to a venture capitalist for million. What is the​ post-money valuation of the​ company

Answers

Answer:

C) $2,400,000

Explanation:

Here is the complete question

Simone founded her company using $200,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 500,000 shares of stock to a venture capitalist for $1.5 million. What is the post-money valuation of the company?

A) $1,200,000

B) $1,320,000

C) $2,400,000

D) $3,600,000

company's value = value per share x total shares

Value per share = total purchasing price / total shares sold

$1.5 million / 500,0000 = $3

Total shares = 500,000 + 200,000 + 100,000 = 800,000

company's value = 800,000 x $3 = $2,400,000

7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that she is considering rebuilding and selling. She estimates a 0.2 probability that she will gain 15% on the deal, a 0.2 probability that she will gain 10%, and a 0.6 probability that she will gain 5%. Liqin's expected return for fixing up and selling the Corvette is ____%. a. 8 b. 11 c. 20 d. 30

Answers

Answer:

a. 8%

Explanation:

Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]

Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%

Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%

Expected Return = [{0.03+0.02+0.03} * 100]%

Expected Return = [{0.08 * 100}]%

Expected Return = 8%

So, Liqin's expected return for fixing up and selling the Corvette is 8%.

True of false are collaboration and teamwork the same thing

Answers

Answer:

I'm pretty sure its false

Explanation:

team is multiple people

while collaboration is at least 1 or 2 people

if you play video games think of squads as teammates and think of collaboration as duos, its completely different right.

incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 therefrom, and also paid $1,000 in premiums for a life insurance policy on Marcia, the grantor of the trust. How much gross income does Marcia include with respect to these trust activities

Answers

Answer:

$1000

Explanation:

Portfolio income = $10,000

Fiduciary fees = $1,000

premiums paid for life insurance on Marcia  = $1000

Fiduciary fees are fees charged by trustees and executors for services that they rendered

Therefore The amount of gross income Marcia  will include being the grantor of the trust = $1000 ( 10% of portfolio income )

A deposit of $90 is placed into a college fund at the beginning of every week for 5 years. The fund earns 3% annual interest, compounded weekly, and paid at the end of the week. How much is in the account right after the last deposit

Answers

Answer:

$25,249.50

Explanation:

Deposit at the beginning of every 6 month (A) = 90

Time period (t) = 5

n = 52

Rate (r) = 3% = 0.03

So, the net amount in the account right after the last deposit is as follows:

= A * [(1+r/n)^(n*t) - 1 / r/n] * (1 + r/n)

= 90 * [(1+0.03/52)^(52*5) - 1 / 0.03/52] * (1 + 0.03/52)

= 90 * [(1.16178399147 - 1 / 0.000577] * (1+0.000577)

= 90 * 280.3882 * 1.000577

= 25249.498559226

= $25,249.50

Answer:

Explanation:

The value of the initial deposit is $90, so a1=90. A total of 260 weekly deposits are made in the 5 years, so n=260. To find r, divide the annual interest rate by 52 to find the weekly interest rate and add 1 to represent the new weekly deposit.

r=1+0.0352=1.00057692308

Substitute a1=90, n=260, and r=1.00057692308 into the formula for the sum of the first n terms of a geometric series and simplify to find the value of the annuity.

S260= 90(1−1.00057692308260) / 1−1.00057692308 ≈25238.31

Therefore, to the nearest dollar, the account has $25,238 after the last deposit is made.

This is the correct answer for Knewton. That's the explanation.

Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $15.00 Off 40% Off (Dollars) (Dollars) A music box$75 $ $ A faux Ming vase$60.00 $ $ Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item at both Annie's Attic and Betty's Breakables, but you do not remember the price. What advice should you give your friend in this situation

Answers

Answer:

Go to Betty breakables when the price of the crystal candle is > $37.5

Explanation:

Annie's attic offers $15 off any purchase

Betty breakables offers 40% off any purchase

For both stores

Music box = $75 ( non discounted price )  

Faux Ming vase = $60 ( non discounted price )

Discounted prices for Music box

For Annie's attic = 75 - 15 = $60

For Betty breakables = 75 - ( 40% * 75 ) = $45

Discounted prices for Faux Ming vase

For Annie attic = 60 - 15 = $45

For Betty breakables = 60 - ( 40% *60 ) = $36

lets assume the price of the Crystal candle to be x

we will buy from betty breakables If 40% of x > $15 discount offered by Annie's

40/ 100 * x > 15

x > 100/40 * 15

x > 37.5

Go to Betty breakables when the price of the crystal candle is > $37.5

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.

The GDP price index for this year is calculated by dividing the ______________using __________ by the_____________ using _______________ and multiplying by 100.

Indicate whether each scenario will affect the GDP deflator or the CPI for the United States.

a. A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing
b. An increase in the price of a Japanese-made television that is popular among U.S. consumers

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

An entrepreneur founded his company using $250,000 of his own money, issuing himself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $200,000. The entrepreneur now sells another 400,000 shares of stock to a venture capitalist for$2 million. What is the post-money valuation of the company?

Answers

Answer:

$3,500,000

Explanation:

the total number of shares

= 200000 + 100000 + 400000

= 700000 shares

value of 400000 shares = 2 million dollars

such that 1 share = 2 million/400000

= 5

total value of the shares = 5 * 700000

= $3,500,000

therefore we conclude that the post money valuation of this company is $3,500,000

Bookmark question for later Overhead allocation based on volume alone: results in facility support costs not being allocated among the various products. is a key aspect of the ABC model. must be used for external financial reporting. will systematically overcost high-volume products and undercost low-volume products.

Answers

Answer:

will systematically overcost high-volume products and undercost low-volume products.

Explanation:

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

An overhead allocation that is typically based on volume alone, will systematically overcost the high-volume products that are also complex and undercost low-volume products that are simple in nature.

The following budget information is available for the XYZ Company for the first quarter of 2011:
Sales ($16 per unit) $320,000
Freight out $.25 per unit sold
Depreciation on Administrative Equipment $10,000
Sales & Admin. Salaries $40,000 +2% of sales
Advertising $12,000
Depreciation on Manufacturing Equipment $15,000
Lease on Sales Building $45,000
Miscellaneous Selling Expenses $5,000
All operating expenses are paid in cash in the month incurred.
If XYZ expects to sell 20,000 inventory units in the first quarter, what would be the amount of the total budgeted selling and administrative expenses for the first quarter of 2011?
a. $123,400
b. $138,400
c. $113,400
d. $293,400

Answers

Answer:

The correct answer of Option A (123400).

The correct answer of Option B (113400).

Explanation:

Budgeted Selling Expenses = Fixed Sales and Administration Salaries +          

                                             Variable Sales and Administration Expenses  

                                             + Advertising + Miscellaneous Selling  

                                               Expenses + Lease on Sales Building +                            

                                               Frieght Out + Depreciation on Administrative                      

                                                                                                    Equipment

                                            = 40000 + 2%*20000*16 + 12000 + 5000 +  

                                                45000 + 20000*.25 + 10000 = 123400  

Option A (123400) is the correct answer.  

Part B:  

Expected Cash Outflow =  Fixed Sales and Administration Salaries +

                                        Variable Sales and Administration Expenses +

                                        Advertising + Miscellaneous Selling Expenses +

                                        Lease on Sales Building + Frieght Out

                                       = 40000 + 2%*20000*16 + 12000 + 5000 +  

                                            45000 + 20000*.25 = 113400  

Option B (113400) is the correct answer.

what are the similarities and differences between clv and customer equality these two measures? discuss the strengths and weaknesses of these approaches for measuring customer value. of

Answers

Answer:

Customer equity is the sum of all of our CLV's

Explanation:

CLV or customer lifetime value represents the profit that our customers give the company during their commercial relationship with us, while the customer equity is the sum of all of our CLV's, meaning that one is a macro and the other one is a micro reality, both are a statistics that can give us better information for decision making when we are targeting and creating products.

A machine operates with the following production cycle: 34 minutes of setup, 70 minutes of production. While in production, the machine produces 3 parts per minute. What is the capacity of the machine in parts per minute

Answers

Answer:

The capacity of the machine is 3 parts per minunte

Explanation:

First calculate the total time

Total time = Setup time + Production time

Total time = 34 minutes + 70 minutes

Total time = 104 minutes

Calculate the total units

Total Units = Production per minute x Total Time

Total Units = 3 parts per minutes x 104 minutes

Total Units = 312 parts

Now calculate the parts per minute

Parts per minute = Total Units / Total Time

Parts per minute = 312 parts / 104 minutes

Parts per minute = 3 parts per minunte

Carley Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Carley record as the cost of the new truck?
1) $47,4202) $49,4203) $48,0004) $49,540

Answers

Answer:

$49,420

Explanation:

An entity had the following opening and closing inventory balances during the current year: 1/1 12/31 Finished goods $ 90,000 $260,000 Raw materials 105,000 130,000 Work-in-progress 220,000 175,000 The following transactions and events occurred during the current year: $300,000 of raw materials were purchased, of which $20,000 were returned because of defects. $600,000 of direct labor costs were incurred. $750,000 of production overhead costs were incurred. The cost of goods sold for the current year ended December 31 would be A. $1,500,000 B. $1,480,000 C. $1,650,000 D. $1,610,000

Answers

Answer:

B. $1,480,000

Explanation:

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

Direct material consumed:    

beginning Inventory of RM  $105,000  

Add: Net Purchase ($300,000 - $20,000) $280,000  

Total material available  $385,000  

Less: ending inventory  -$130,000  

Direct material consumed $255,000

Now  

Cost of goods manufactured:    

Beginning inventory of Wip  $220,000  

Current cost:    

Direct material $255,000  

Direct labor $600,000  

Manufacturing OH $750,000  

Total current cost $1,605,000  

Total cost of WIP $1,825,000  

Less: Ending inventory of Wip $175,000  

Cost of goods manufactured $1,650,000  

Cost of goods sold:    

Beginning inventory of FG $90,000  

Add: Cost of goods manufactured $1,650,000  

Total  cost of goods available for sale 1740000  

Less: Ending inventory of FG -$260,000  

Cost of goods sold $1,480,000

Freedom Co. purchased a new machine on July 2, 2019, at a total installed cost of $49,000. The machine has an estimated life of five years and an estimated salvage value of $6,600. Required: Calculate the depreciation expense for each year of the asset's life using: Straight-line depreciation. Double-declining-balance depreciation. How much depreciation expense should be recorded by Freedom Co. for its fiscal year ended December 31, 2019, under each method

Answers

Answer:. See explanation

Explanation:

1. The depreciation under the straight line method will be calculated as:

= ( cost - salvage value)/no of years

= (49000 - 6600)/5

= $42400/5

= $8480 per year

2. Using the Double-declining-balance depreciation, the depreciation will be calculated thus:

Double declining rate = 8480/42400 × 2 = 40%

Yr 1: beginning book value = $49000

Depreciation rate = 40%

Depreciation = $49000 × 0.4 = $19600

Ending book value = $29400

Yr 2: beginning book value = $29400

Depreciation rate = 40%

Depreciation = $29400 × 0.4 = $11760

Ending book value = $17640

Yr3: beginning book value = $17640

Depreciation rate = 40%

Depreciation = $17640 × 0.4 = $7056

Ending book value = $10584

Yr4: beginning book value = $10584

Depreciation rate = 40%

Depreciation = $3884 Savage value

Ending book value = $6700

In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been incurred, even if they had not been paid yet. Bob is practicing the __________ principle.
a.) matching
b.) measurement/cost
c.) time period
d.) full disclosure

Answers

Answer:

a.) matching

Explanation:

Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues

So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle

Therefore the option a is correct

Shawnee Hospital installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $15,000. Which of the following statements is true with respect to these additions?
a. $30,000 should be debited to the Land account.
b. $15,000 should be debited to Land Improvements.
c. $45,000 should be debited to the Land account.
d. $45,000 should be debited to Land Improvements.

Answers

Answer: d. $45,000 should be debited to Land Improvements.

Explanation:

Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.

The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:

= 30,000 + 15,000

= $45,000

You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $12,500; year 2, $10,000; year 3, $7,500; year 4, $5,000; year 5, $2,500; year 6, $0; and year 7, $12,500. Given its risk, you believe this investment should earn a 9% return. 4. What is the maximum that you can pay today for this investment

Answers

Answer:

$37,680.95

Explanation:

The maximum i would be willing to pay is the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $12,500

Cash flow in year 2 = $10,000

Cash flow in year 3 = $7,500

Cash flow in year 4 = $5,000

Cash flow in year 5 = $2,500

Cash flow in year 6 = 0

Cash flow in year 7   $12,500

I = 9%

PV = $37,680.95

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Which element of a command economy is also used in a mixed economy

Answers

Answer:

Governments can regulate businesses

Explanation:

I hope that this helped :)

Answer:

Prices also are dictated by supply and demand rather than by the government, as in the command economy. The profitability of producer and innovation are also key elements of the mixed economic system.

Explanation:

Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018:
April May June
Credit sales $322,000 $302,000 $362,000
Credit purchases 130,000 153,000 178,000
Cash disbursements $322,000 $302,000 $362,000
Wages, taxes, and
expenses 44,200 11,200 82,000
Interest 154,000 11,700 11,200
Equipment
purchases 63,200 11,200 0
The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase In March 2017, credit sales were $192,000, and credit purchases were $132,000. Using this information, complete the following cash budget.
April May June
Beginning cash balance $125,000
Cash receipts
Cash collections from credit sales
Total cash available
Cash disbursements
Purchases
Wages, taxes, and expenses
Interest
Equipment purchases
Total cash disburs ements
Ending cash balance

Answers

Answer:

Nashville Nougats, Inc.

Nashville Nougats, Inc.

Cash Budget for the second quarter of 2018:

                                                               April         May        June

Beginning cash balance                  $125,000  $(34,000)   $99,800

Cash receipts                                    

Cash collections from credit sales   234,400 $297,900  $310,900

Total cash available                        $359,400 $263,900  $410,700

Cash disbursements

Purchases                                        $132,000 $130,000  $153,000

Wages, taxes, and expenses             44,200       11,200     82,000

Interest                                              154,000       11,700       11,200

Equipment purchases                       63,200       11,200               0

Total cash disbursements            $393,400  $164,100 $246,200

Ending cash balance                     $(34,000)  $99,800  $164,500

Explanation:

a) Data and Calculations:

                                          April            May          June

Credit sales                 $322,000 $302,000  $362,000

Credit purchases           130,000     153,000     178,000

Cash disbursements:

Wages, taxes, and

 expenses                     44,200         11,200     82,000

Interest                         154,000         11,700       11,200

Equipment  purchases  63,200         11,200               0

                                   March         April            May          June

Credit sales             $192,000 $322,000 $302,000  $362,000

40% month of sale                    $128,800  $120,800   $144,800

55% ffg month of sale                105,600      177,100      166,100

Cash collections                       $234,400 $297,900  $310,900

                                    March         April            May          June

Credit purchases      132,000   130,000     153,000     178,000

Cash payment                           132,000     130,000     153,000

Throughout the year an auto parts warehouse places several orders for a high-volume automobile air filter. The demand for this air filter is very stable (flat) and the lead time from the supplier is very reliable (no variation), consequently the warehouse holds virtually no safety stock for this item. When placing orders for this air filter the warehouse uses an order quantity of 170 units and pays an annual holding cost of $2.00 per unit per year.
How much will the warehouse pay in total annual holding costs for this air filter? (Display your answer to the nearest whole number.)

Answers

Answer: $170

Explanation:

The amount that the warehouse will pay in total annual holding costs for this air filter will be calculated thus:

Order quantity(Q) = 170 units

Holding cost(H) = $2.00 per unit per year

Total annual holding cost will be:

= (Order quantity/2) × Holding cost

= (170/2) × 2.00

= 85 × 2.00

= $170

The annual holding cost is $170

Each business day, on average, a company writes checks totaling $34,500 to pay its suppliers. The usual clearing time for the checks is five days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $45,500. The cash from the payments is available to the firm after three days.

Required:
a. Calculate the company’s disbursement float, collection float, and net float.
b. Calculate the company's disbursement float, collection float, and net float, if the collected funds were available in two days instead of three.

Answers

Answer:

Following are the  response to the given question:

Explanation:

For point a:

[tex]Particulars\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount\\\\Disbursement \ \ float\ [34500 \times 5] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 172500\\\\Collection \ \ float\ [45500 \times 3] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 136500\\\\ net \ \ float \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 36000\\\\[/tex]

For point b:

[tex]Particulars\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount\\\\Disbursement \ \ float\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 172500\\\\Collection \ \ float\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 45500 \\\\ net \ \ float \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 12700\\\\[/tex]

2) Excellent Mugs Inc. produced 1,600,000 units in 2017 at a units of output per dollar of input cost was $0.09. Its cost of input at 2017 prices that would have been used in 2016 was $20,000,000. How much did the total factor productivity (TFP) increase as a result of 2017 operations

Answers

Answer:

the total factor productivity (TFP) increase as a result of 2017 operations is 12.5%

Explanation:

The computation of the total factor productivity (TFP) increase as a result of 2017 operations is given below;

The Unit produced in 2016 is

= $20,000,000 x $0.09

= 1,800,000

Now

Total factor productivity increase for the year 2017 is

= (1,800,000 - 1,600,000) ÷ 1,600,000

= 12.5%

Hence, the total factor productivity (TFP) increase as a result of 2017 operations is 12.5%

______ consists of the activities that managers perform to plan for, attract, develop, and retain an effective workforce.
a) Arbitration
b) Formal appraisal
c) Human capital
d) Orientation
e) Human resource management

Answers

Human resource management.

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price falls to $1,008 per unit. What is the balance of your margin account at the end of the day? a. $3,700b. $1,800c. $2,200d. $1,500

Answers

Answer:

b. $1800

Explanation:

Calculation to determine the balance of your margin account at the end of the day

Margin account balance=$2,000-[100*($1008-$1010)]

Margin account balance=$2,000-(100*$2)

Margin account balance=$2,000-$200

Margin account balance=$1,800

Therefore the balance of your margin account at the end of the day is $1,800

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2014. What is the effect of including Harbor in consolidated net income for 2014

Answers

Answer:

$440,000

Explanation:

Calculation to determine the effect of including Harbor in consolidated net income for 2014

Using this formula

Effect of including Harbor in consolidated net income for 2014=Revenues-Expenses-Excess cost allocations

Let plug in the formula

Effect of including Harbor in consolidated net income for 2014=$2,500,000-$2,000,000-$60,000

Effect of including Harbor in consolidated net income for 2014=$440,000

Therefore Effect of including Harbor in consolidated net income for 2014 will be $440,000

Problem 14-8 (Static) Bonds; effective interest; partial period interest; financial statement effects [LO14-2] The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 5% bonds with a face amount of $500,000 on November 1, 2021. The bonds sold for $442,215, a price to yield the market rate of 6%. The bonds mature October 31, 2041 (20 years). Interest is paid semiannually on April 30 and October 31 and is determined using the effective interest method. Required: 1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2021

Answers

Answer:

Lake Hamilton Development (LHD)

The amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2021 is:

= $4,422.

Explanation:

a) Data and Calculations:

November 1, 2021

Face value of bonds issued = $500,000

Bonds issue price =                    442,215

Discounts on bonds =                $57,785

Maturity period = 20 years on October 31, 2041

Interest rate on the bonds = 5% paid semiannually

Interest payment dates = April 30 and October 31

Effective interest rate = 6%

For the two months of 2021:

Interest Payable =       $4,167 ($500,000 * 5% * 2/12)

Discount amortization $255 ($4,422 - $4,167)

Interest Expense =    $4,422 ($442,215 * 6% * 2/12)

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.30q Indirect labor $4,100 + $2.00q Utilities $5,100 + $0.50q Supplies $1,300 + $0.40q Equipment depreciation $18,100 + $2.50q Factory rent $8,500 Property taxes $2,700 Factory administration $13,300 + $0.60q The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 66,780 Indirect labor $ 11,680 Utilities $ 7,590 Supplies $ 3,190 Equipment depreciation $ 28,100 Factory rent $ 8,900 Property taxes $ 2,700 Factory administration $ 15,050 Required: 1. Prepare the Production Department’s planning budget for the month. 2. Prepare the Production Department’s flexible budget for the month. 3. Calculate the spending variances for all expense items.

Answers

Answer:

Packaging Solutions Corporation

1. Planning Budget

Direct labor                              $68,460

Indirect labor                            $12,500

Utilities                                       $7,200

Supplies                                     $2,980

Equipment depreciation        $28,600

Factory rent                              $8,500

Property taxes                          $2,700

Factory administration           $15,820

2. Flexible Budget

Direct labor                             $65,200

Indirect labor                            $12,100

Utilities                                       $7,100

Supplies                                   $2,900

Equipment depreciation        $28,100

Factory rent                             $8,500

Property taxes                         $2,700

Factory administration          $15,700

3. Spending Variances:

                                                  Flexible  Actual       Spending

                                                  Budget  Budget       Variance

Direct labor                             $65,200  $66,780     $1,580 U

Indirect labor                            $12,100    $11,680       $420 F

Utilities                                       $7,100    $7,590       $490 U

Supplies                                   $2,900     $3,190       $290 U

Equipment depreciation        $28,100  $28,100        $0     None

Factory rent                             $8,500   $8,500        $0     None

Property taxes                         $2,700   $2,700        $0     None

Factory administration          $15,700  $15,050        $650 F

Explanation:

a) Data and Calculations:

Planned labor-hours in March = 4,200

Actual labor-hours in March = 4,000

Cost Formulas

Direct labor $16.30q

Indirect labor $4,100 + $2.00q

Utilities $5,100 + $0.50q

Supplies $1,300 + $0.40q

Equipment depreciation $18,100 + $2.50q

Factory rent $8,500

Property taxes $2,700

Factory administration $13,300 + $0.60q

Actual Cost Incurred In March:

Direct labor                      $ 66,780

Indirect labor                     $ 11,680

Utilities                               $ 7,590

Supplies                             $ 3,190

Equipment depreciation $ 28,100

Factory rent                      $ 8,900

Property taxes                  $ 2,700

Factory administration   $ 15,050

Flexible Budget:

Direct labor $16.30 * 4,000 = $65,200

Indirect labor $4,100 + $2.00  * 4,000 = $12,100

Utilities $5,100 + $0.50 * 4,000 = $7,100

Supplies $1,300 + $0.40 * 4,000 = $2,900

Equipment depreciation $18,100 + $2.50 * 4,000 = $28,100

Factory rent $8,500

Property taxes $2,700

Factory administration $13,300 + $0.60 * 4,000 = $15,700

Planning Budget

Direct labor $16.30 * 4,200 = $68,460

Indirect labor $4,100 + $2.00 * 4,200 = $12,500

Utilities $5,100 + $0.50 * 4,200 $7,200

Supplies $1,300 + $0.40 * 4,200 $2,980

Equipment depreciation $18,100 + $2.50 * 4,200 = $28,600

Factory rent $8,500

Property taxes $2,700

Factory administration $13,300 + $0.60 * 4,200 = $15,820

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