What is the IRR for the following project if its initial after-tax cost is $5,000,000 and it is expected to provide an after-tax operating cash outflow of $(1,300,000) in year 1, followed by inflows of $2,900,000 in year 2, $2,700,000 in year 3, and $2,300,000 in year 4?
a) 15.57%.
b) 17.55%.
c) 13.57%.
d) 15.75%.
e) none of the above.

Answers

Answer 1

Answer:

e) none of the above.

Explanation:

The internal rate of return is the rate of return that equates the present value of cash outflows to the present value of inflows, in essence, a rate of return that gives a zero net present value.

The IRR can be determined using the excel IRR function as shown below:

=IRR(values)

the values are the cash flows arranged from the earliest in year 0 to the latest in year 4 as shown in the attached file.


Related Questions

Now- a quick question. Assume at the beginning of Year2, Becker Company has a credit (positive) balance in the AOCI account of $10800. Becker Company reports $653000 of net income for Year2. Becker has an unrealized gain of $12000 during Year2. The gain qualifies as OCI (Other comprehensive income). 1. What will Becker report as Accumulated Other Comprehensive Income on the Year2 balance sheet

Answers

Answer:

Becker Company

The amount that Becker will report as Accumulated Other Comprehensive Income on the Year 2 balance sheet is:

= $22,800.

Explanation:

a) Data and Calculations:

Year 2 Beginning balance:

Accumulated other comprehensive income (AOCI) = $10,800 credit

Year 2 reported net income = $653,000

Unrealized gain during Year 2 = $12,000

The Accumulated Other Comprehensive Income on the Year 2 balance sheet is:

Beginning balance $10,800

Unrealized gain        12,000

AOCI for Year 2 = $22,800

b) Becker's Accumulated Other Comprehensive Income includes unrealized gains and losses arising from some investments, pension plans, and hedging transactions.  These are usually reported in the equity section of the balance sheet and then netted off from the retained earnings.

During July, the production department of a process operations system completed and transferred to finished goods 24,000 units that were in process at the beginning of July and 72,000 that were started and completed in July. July's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to labor. At the end of July, 29,000 additional units were in process in the production department and were 100% complete with respect to materials and 35% complete with respect to labor. The beginning inventory included labor cost of $52,400 and the production department incurred direct labor cost of $451,250 during July. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.

Answers

Answer:

the direct labor cost per equivalent unit for the department is $4.74 per unit

Explanation:

The computation of the direct labor cost per equivalent unit for the department is given below:

Equivalent units for direct labor cost is

= 24,000 unit + 72,000 units + 35% of 29,000

= 24,000 units + 72,000 units + 10,150 units

= 106,150 units

Now the direct cost per equivalent unit is

= ($52,400 + $451,250) ÷ 106,150 units

= $4.74 per unit

Hence, the direct labor cost per equivalent unit for the department is $4.74 per unit

When a company issues 32,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include:_____.A. A debit to Additional Paid-in Capital for $76,000. B. A debit to Cash for $76,000. C. A credit to Common Stock for $760,000. D. A credit to Additional Paid-in Capital for $684,000.

Answers

Please the options provided are not correct for the question given.

Answer: When a company issued 32,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include a debit to cash for $640,000 , a credit to common stock and Additional paid in capital for   $64,000 and $576,000 respectively.

Explanation:

Company  issued = 32,000 shares

For par value = $2

Common stock for = $20 per share

The Journal Entry would be,

Accounts title and explanation                Debit                     Credit

Cash  ($32,000 shares x $20)             $640,000  

Common Stock  (32,000 shares x $2)                                   $64,000

Additional paid-In capital in excess par—common stock   $576,000 ($640,000 - $64,000)  

Your lobster fishing business is straightforward, and you run your accounting in Excel. You maintain separate workbooks for each year, and each workbook has a spreadsheet for every month. The monthly spreadsheets are identical except for their names, which are January, February, etc. You have found that you need to sum your diesel fuel expenditures, which are always recorded in cell D18, for the months of August through December. What three-dimensional formula would give you that result

Answers

Answer:

The three-dimensional formula that would give you the required result, that is suming the diesel fuel expenditures, which are always recorded in cell D18 for the months of August through December is:

=SUM(August:December!D18).

Explanation:

First, enter the excel starting formula "=SUM(". Type "August" or  left-click on the August sheet with the mouse. Type in colon and December or hold the Shift key and left-click on the December sheet. Then, select the cell C3 in the December sheet.  Before pressing "Enter," add a closing bracket.  The sum formula looks exactly like this: "=SUM(August:December!D18)." This formula can completely be typed manually. The formula sums up cell D18 across each of the sheets from August to December, returning a value.

Question 12
0.5 pts
The goal of any monopolist is to maximize:
economic profits.
normal profits.
price.
consumer welfare.
output.

Answers

Answer:

economic profits.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

Also, a monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

Generally, the goal of any monopolist is to maximize economic profits.

Basically, a monopolist earns an economic profit when the average total cost (AVC) of his goods and services is less than price.

Unlike a business firm operating in a perfectly competitive market, a monopolist can continue to earn economic profits in the long-run because there exist an extremely high level of barriers to entry for new business firms.

If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by 3%. a. True b. False

Answers

Answer: False

Explanation:

The price elasticity of supply measures the change in quantity supplied when the price changes.

The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.

Price elasticity of supply = %Change in quantity supplied / % change in price

0.5 = -6% / Change in price

0.5 * Change in price = -6%

Change in price = -6% / 0.5

= -12%

The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 40 per unit Direct labor $ 60 per unit Overhead costs Variable $ 30 per unit Fixed $ 7,000,000 (per year) Selling and administrative costs for the year Variable $ 770,000 Fixed $ 4,250,000 Production and sales for the year Units produced 100,000 units Units sold 70,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing.

Answers

Answer:

Sims Company

Income Statements                   Variable Costing       Absorption Costing

Sales revenue                             $24,500,000               $24,500,000

Cost of goods sold:

Variable cost of manufacturing      9,100,000                     9,100,000

Variable cost of selling and admin.  770,000                                    0

Fixed manufacturing cost                             0                    4,900,000

Total cost of goods sold              $9,870,000                $14,000,000

Contribution margin                   $14,630,000                                   0

Gross profit                                                    0               $10,500,000

Fixed /Period costs:

Fixed manufacturing cost           $7,000,000                                  0

Selling and administrative expenses:

Variable                                                                              $ 770,000

Fixed                                              4,250,000                  4,250,000

Total period/fixed costs             $11,250,000               $5,027,000

Net operating income                $3,380,000                $5,473,000

Explanation:

a) Data and Calculations:

Manufacturing costs

Direct materials $ 40 per unit

Direct labor $ 60 per unit

Overhead costs

Variable $ 30 per unit

Total variable manufacturing cost per unit = $130

Fixed $ 7,000,000 (per year)

Selling and administrative costs for the year

Variable $ 770,000

Fixed $ 4,250,000

Production and sales for the year

Units produced 100,000 units

Units sold 70,000 units

Ending inventory = 30,000 units

Sales price per unit $ 350 per unit

g, Using your textbook and considering your discussion of the corporate culture of your subject company, describe 3-4 types of cultures or companies that currently exist which have the potential to have a major ethical problems in the future.

Answers

Answer:

Nestle - Irresponsible marketing of baby milk

Amazon - Avoiding tax

Coca Cola - Workers right violation at plant

Shell - Causing high environmental pollution

Explanation:

There are various ethical issues which businesses face today. There are problems of nepotism, harassment, discrimination, abuse of power and misrepresentation of financials. The company bad corporate culture also contributes towards unethical issues. There are various companies which maintains a brand image around the globe but are involved in unethical practices in someway. These companies are only concerned towards their uncountable profits and does not care about any ethical issue.

Suppose that the MPC is 0.8 and that $18 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $19 trillion at the same price level. By how much would it have to increase government purchases to achieve this goal (use the simple spending multiplier)?

Answers

Answer: $200 billion

Explanation:

First find the government spending multiplier:

Multiplier = 1 / (1 - MPC)

= 1 / (1 - 0.8)

= 5

The government wants to increase the real GDP to $19 trillion from $18 trillion which means that they want to increase it by $1 trillion.

In order to increase it by $1 trillion, the amount the government needs to spend is:

Increase in real GDP = Multiplier * Government spending

1 trillion = 5 * Government spending

Government spending = 1 trillion / 5

= $200 billion

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:
Compute Project A's payback period.

Answers

Answer:

4.2 years

Explanation:

Here is the complete question

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:

Compute Project A's payback period.

Payback = amount invested / cash flow

cash flow = net income + depreciation

depreciation = (cost of asset - salvage value) / useful life

(385,000 - 44,000) / 5 = 68,200

Cash flow = 68,200 + $ 23,100 = 91300

$ 385,000 / 91300 =4.2

Question
In 2 hours, China can produce 6 bottles of milk. In 5 hours, it can produce 15 batches of pumpkins. What is the country's
opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins)?
your answer below:

Answers

Answer:

China's opportunity cost of producing 1 bottle of milk is equal to one batch of pumpkins.

Explanation:

Given that in 2 hours, China can produce 6 bottles of milk, and in 5 hours, it can produce 15 batches of pumpkins, to determine what is the country's opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins), the following calculation must be performed:

Milk = 6/2 = 3 per hour

Batches of pumpkins = 15/5 = 3 per hour

3/3 = 1

Therefore, China's opportunity cost of producing 1 bottle of milk is equal to 1 batch of pumpkins.

Which of the following is not an example of what creates a hostile work environment?

1. Displaying sexually suggestive pictures or posters

2. Making sexual comments to other employees

3. All of these

4.Dispensing Assignments based on merit.

Answers

Answer:

4.Dispensing Assignments based on merit.

Explanation:

Dispensing Assignments based on merit is not an example of what creates a hostile work environment.

There are examples of what could cause a hostile work environment which include sexual harassment, use of foul language, etc.

However, giving assignments based on merit is not one of those.

The Absolute Finance Company (AFC) earned $5 a share last year and paid a dividend of $2 per share. Next year, you expect AFC to earn $6 a share next year and continue its payout ratio. Assume that you expect to sell the stock for $45 a year from now. If you require a 13 percent return on this stock, how much would you be willing to pay for it?

Answers

Answer:

Explanation:

56. The Absolute Finance Company (AFC) earned $5 a share last year and paid a dividend of $2 per share. Next year, you expect AFC to earn $6 a share next year and continue its payout ratio. Assume that you expect to sell the stock for $45 a year from now. If you require a 13 percent return on this stock, how much would you be willing to pay for it? a. $41.95 b. $43.21 c. $45.13 d. $46.72 e. $47.40 ANS: A Expected dividend in one year = (2/5)(6) = $2.40 Value today = ($45 + $2.40)/(1.13) = $41.95

Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current year. Helix did not recover any write-offs.


At December 31 Current Year Prior Year
Accounts receivable $ 5,000 $ 4,000
Allowance for doubtful accounts 400 350
Accounts receivable, net $ 4,600 $ 3,650

Determine Bad Debts Expense for the current year.

Answers

Answer:

the Bad debt Expense for the Year is $250

Explanation:

The computation of the bad debt expense is given below:

Bad debt Expense for the Year is

= Current year of  Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts  

= $400 + $200 - $350

= $250

Hence, the Bad debt Expense for the Year is $250

What is the value of Yutter's stock at the end of Year 1 using the dividend discount model assuming that the dividend payout ratio remains constant and Yutter grows at its sustainable equity growth rate

Answers

Answer:

$557,000

Explanation:

Note: Missing word is attached as picture below

Retention Ratio = (Net Income - Dividends) / Net Income

Retention Ratio = (12500 - 3000) / 12500

Retention Ratio = 9500 / 12500

Retention Ratio = 0.76

Retention Ratio = 76%

Sustainable equity growth rate = Retention Ratio * Return on Equity

Sustainable equity growth rate = 76% * 15%

Sustainable equity growth rate = 11.40%

Expected dividend per share = Current Year Dividend  *(100 + Growth Rate)%

Expected dividend per share = 3000 * (100+11.4)%

Expected dividend per share = 3000 * 111.4%

Expected dividend per share = 3342

Value of Stock = Expected dividend per share / (Cost of capital equity - Dividend growth rate​)

Value of Stock = 3342 / (12% - 11.40%)

Value of Stock = $557,000

Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns.
Variable or Fixed Direct or Indirect Product Cost
1. Machinery depreciation (straight-line)
2. Rubber core for soccer balls
3. Insurance on factory
4. Factory rent
5. Needles used in stitching soccer balls
6. Leather covers for soccer balls
7. Annual flat fee paid for office security
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
Identify each of TechPro's costs below as
(a) variable or fixed and (b) direct or indirect by selecting the appropriate dropdowns. Assume the cost object is an individual class. Variable or Fixed Direct or Indirect
1. Advertising
2. Salesperson salary
3. Instructional manuals for students
4. Monthly internet connection cost
5. Travel expenses for salesperson
6. Instructor wage (per class)

Answers

Answer:

Product Cost Variable Or fixed Direct or indirect

1. Rubber core for soccer ball Variable Direct

2. Thread to hold leather together Variable Indirect

3. Taxes on factory Fixed Indirect

4. Wages on Assembly workers Variable Direct

5. Machinery depreciation Fixed Indirect

6. Annual flat fees paid for office security Fixed Indirect

7. Leather cover for soccer balls Variable

Iron Company collects cash in full from a customer who purchased merchandise last month on credit. To record the receipt of cash, Iron Company should make the following entries in the general journal. (Check all that apply.) Multiple select question. Credit to Accounts Receivable Debit to Accounts Receivable Debit to Sales Credit to Cash Debit to Cash

Answers

Answer:

Credit to Accounts Receivable Debit to Cash

Explanation:

Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.

When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.

Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.

Activity A is worth $100, is complete, and actually cost $150. Activity B is worth $500, is 75% complete, and has actually cost $400 so far. Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost at completion for this project, assuming current variances are typical of future variances?

Answers

Answer:

$1,375

Explanation:

Budget at completion = Worth of activity A + Worth of activity B + Worth of activity C

Budget at completion = $100 + $500 + $500

Budget at completion = $1,100

Earned value = Worth of activity A*% completed + Worth of activity B*% completed + Worth of activity C*% completed

Earned value = $100*100% + $500*75% + $500*25%

Earned value = $100 + $375 + $125

Earned value = $600

Actual cost = Actual cost of Activity A + Actual cost of Activity B + Actual cost of Activity C

Actual cost = $150 + $400 + $200

Actual cost = $750

Cost performance Index = Earned value / Actual cost

Cost performance Index = $600 / $750

Cost performance Index = 0.80

Cost performance Index = 80%

Estimate at completion = Budget at completion / Cost performance Index

Estimate at completion = $1,100 / 0.80

Estimate at completion = $1,375

A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,800. The company's times interest earned ratio equals:

Answers

Answer:

7 times

Explanation:

Interest expense = $20,000

Income before interest and tax = $140,000

Time interest earned ratio = Income before interest and tax / Interest expense

Time interest earned ratio = $140,000 / $20,000

Time interest earned ratio = 7 times

Y3K, Inc., has sales of $6,349, total assets of $2,965, and a debt-equity ratio of 1.20. If its return on equity is 15 percent, what is its net income

Answers

Answer:

$202.16

Explanation:

Calculation to determine net income

First step

ROE = .15 = (Profit margin)(Total asset turnover)(Equity multiplier) = (PM)(S / TA)(1 + D/E)

Profit margin = [(ROE)(TA)] / [(1 + D/E)(S)]

Profit margin = [(.15)($2,965)] / [(1 + 1.20)( $6,349)]

Profit margin =444.75/13968

Profit margin = .03184

Now let determine the Net income

Profit margin = .03184 = Net income / Sales

Net income = .03184($6,349)

Net income = $202.16

Therefore the net income is $202.16

One key characteristic that is distinctive of an oligopoly market is that Group of answer choices the demand curve facing each firm is downward sloping, with a marginal revenue curve that lies below the firm's demand curve. the decisions of one seller often influence the price of products, the output, and the profits of rival firms. there is only one firm that produces a product for which there are no good substitutes. there are many sellers in the market and each is small relative to the total market.

Answers

Answer:

The decisions of one seller often influence the price of products, the output, and the profits of rival firms.

Explanation:

An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.

This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.

Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.

Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $7 per pound. If 2,700 units used 31,100 pounds, which were purchased at $7.28 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Direct materials cost variance $fill in the blank 5

Answers

Answer and Explanation:

The computation is shown below:

a.

Direct material price variance is

= ($7 - $7.28) × 31,100

= $8,708 Unfavourable

b.

Direct material quantity variance is

= (2,700 × 12 - 31,100) × $7

= $9,100 Favourable

c.  

Direct material cost variance is

= $9,100 - $8708

= $392 favorable

In this way, it should be calculated

Which among the following statements is correct?
RPA is meant for automating the Robots in any field.
BluePrism is an open source tool used for robotic process automation.
Automation Anywhere is a partner tool used in automation in all the
layers of ITPA.
AppDynamics is used for Application Performance Monitoring.
Automics is a Capgemini homegrown tool used for automating the
monitoring activity.
Click Submit to verify your answer.
Submit

Answers

Answer:

The correct statement is:

AppDynamics is used for Application Performance Monitoring.

Explanation:

AppDynamics is one of the Application Performance Monitoring (APM) tools available in the market.  AppDynamics builds dashboards to automatically correlate application performance to business outcomes. With its streamlined and integrated solution, it can be used for visualizing, monitoring, and managing every application component, giving the user-organization code-level visibility.  Other Application Monitoring tools include Datadog, Raygun, Pingdom, and New Relic.

You have just made your first $5,600 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no additional contributions. a. What will your account be worth when you retire in 39 years

Answers

Answer:

the  account be worth when you retire in 39 years is $327.932.30

Explanation:

The calculation of the account be worth when you retire in 39 years is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $5,600 × (1 + 0.11)^39

= $327,932.30

Hence, the  account be worth when you retire in 39 years is $327.932.30

How can a visual representation board help a person meet their financial goals?

Answers

Answer:

Answer to the following question is as follows;

Explanation:

Our goals are displayed in front of you on a virtual communication or represent board. Everything we need is laid out in front of you, and you can see it in person. Your objectives must be in line with your actions.

A vision board is a collection of photographs that reflect one's aspirations and desires. Vision boards can also assist us in imagining a brighter future for ourselves. Imagining a brighter future might help you feel more cheerful and optimistic.

A visual representation board can help someone meet their financial goals because the goals would be displayed in front of you, everything laid out in front of you, assisting people to help imagine why you have goals set.

Troy and Devon discuss adding an automobile detailing service at their convenience store based on their customers' point of view. Which of the following is a statement that a customer might consider regarding "promotion" in the marketing mix model?

a. Customers want a high-quality automobile detail service to have their cars cleaned.
b. Customers prefer to pay a fair amount of money to receive excellent service.
c. Customers want to know the benefits of using Troy's automobile detail service.
d. Customers prefer to use services that are near their work and home.

Answers

Answer:

c. Customers want to know the benefits of using Troy's automobile detail service.

Explanation:

since in the question it is mentioned that the troy and devon wants to discuss for adding up the detaling service of the automobile so here the promotion means that the customer wants to know about the benefits for using the automobile detailing service as this service is also at their convenience store

So, the option c is correct

TeleGlobal is an American firm producing TV sets. TeleGlobal imports TV set components from India and assembles them domestically. Suppose that in the United States, a TV set sells for $400 and that 80% of the TV set’s value comes from the value of the imported components. The United States imposes a 40% tariff on TV sets and a 10% tariff on the TV set’s components. Assume that costs of producing components are the same in the United States and India and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that TeleGlobal receives from the tariff is

Answers

Answer:

135 %

Explanation:

Given that,

The selling price of T.V. set in the U.S. = $400

The Tariff imposed on T.V. sets = 30%

The Tariff on its imported components = 10%

To find,

The effective rate of protection gained from tariff = ?

Method:

As we know

Effective rate of protection

= tariff on finished imported good + cost/price of its components * (tariff on imported good - tariff on components imported)/(price of final good - price of its components)

So, by putting the given values in above formulae;

= 40% + 80% of 400 * (40% - 10 %)/(400 - 80% of 400)

= 40 + 320 * (30)/(400 - 320)

= 360 * 30/(80)

= 360 * 30/80

= 135%

In 2012 the minimum wage in Arizona was $7.65. If we assume the growth of this minimum wage is exponential and is growing at the rate of 2%, then the length of time until the minimum wage reaches d dollars is modeled by which formula:________

Answers

Answer:

I don't what should you do otherwise please marks me as brainliests.

Activity-based costing uses Group of answer choices departmental pools and a single cost driver. numerous cost pools and numerous cost drivers. one plantwide pool and a single cost driver. one plantwide pool and numerous cost drivers

Answers

Answer:

numerous cost pools and numerous cost drivers.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.

On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.

An activity-based costing (ABC) can be defined as a method of costing that identifies the numerous activities in a business firm and assigns the cost of each activity to their respective drivers based on their consumptions.

Activity-based costing (ABC) uses numerous cost pools and numerous cost drivers.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

ABC Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows:

Expected activity cost
Activity Estimated cost Product A Product B Total
Activity1 $22,000 400 100 500
Activity2 $16,240 380 200 580
Activity3 $14,600 500 250 750

The activity rate under the activity-based costing system for Activity 3 is closest to:

a. $70.45.
b. $28.87.
c. $19.47.
d. $58.40.

Answers

Answer:

it's c. $19.47

Explanation:

$14,600 divided by 750

Other Questions
In this excerpt,the author compares Athenian and Spartan girls show that Which expression is equivalent to 4. 8 + 2. 2w - 1. 4w + 2. 4 ? The area of a circle is 144cm.Find the radius Why are diction/word choice and tone especially important when it comes to writing a resume? Explain in 2-5 complete sentences. LOL.HEY(Btw Im not new to brainly, but I just forgot my old password) *sigh* ughh I start school August second and its gonna be my first year in high-school .I- first of all summer break was wayyyyyyyyy too short basically 2 months and a half while the rest of the year I have to bust my behind preparing for test that dont have anything to do with MY future plans.eeeee every time I think about it my anxiety levels raise higher and higher ..if any upper class men have some advice plz tell mecuz I am legit terrified ngl (I checked out some freshmen tips on yxutube but that didnt really help that much) *and btw this is kind of academically related so need to report me* Please solve the equation 4X-25=71 Which sentence best contributes to the confused tone of The YellowWallpaper"? 14. Applying formatting using the commands in the ribbon is called style(page layout, override, justification) the average temperature at the south pole is -49.62and the average temperature at north pole is -34.68. how much higher is the average temperature at the north pole than at the south pole Consider the first month's sales data for the Midwest region.Select the correct answer from each drop-down menu.1. 852. 153. 374. 181. Significantly different from 2. Relatively close to1. inconsistent2. consistent The graph shows the distribution of the number of text messages young adults send per day. The distribution is approximately Normal, with a mean of 128 messages and a standard deviation of 30 messages.What percentage of young adults send more than 158 text messages per day?16%34%68%84% The last four years of stock returns are as follows: Year 1 is -4% Year 2 is +28% Year 3 is +12% Year 4 is + 4% (a). What is the average annual return? What is the balanced equation for the reaction of lithium metal with fluorine gas? Li ( s ) + F ( g ) LiF ( s ) Li ( s ) + F 2 ( g ) LiF ( s ) 2 Li ( s ) + F 2 ( g ) 2 LiF ( s ) Li ( s ) + F 2 ( g ) LiF In 250-300 words, discuss Jems character development in To Kill a Mockingbird. How does he grow and change? What are the major events that affect that change? Economists predict that Americans will spend $1,180 on electonics in2020. this is a 6.8% increase from last year. What did Americans spendlast year? Need help with this question PLS HElP I need help asap!!Solve for d and show your work:16d- (4 -5d) =-67 What is the history of classical Economics? HELP ASAP! correct answer gets brainly and 50 points!!!Solve the equation for .A=12r2 Find the missing side of the triangle