Which of the motivational theories below argues that employee productivity increases as managers pay more attention to their employees? Maslow's Hierarchy of Needs Two Factor Theory Classical Theory & Scientific Management Hawthorne Effect

Answers

Answer 1

Answer: Two Factor Theory

Explanation:

The two factor theory is also referred to as the Herzberg's motivation-hygiene theory and it states that job satisfaction and job dissatisfaction in a workplace are caused by different factors and these factors act independently of each other.

The factors are the hygiene factors and

the motivating factors. If the hygiene factors isn't present, an employee will work less. On the other hand, the motivating factors will make an employee to work harder when it's present.. Two factor theory argues that employee productivity increases as managers pay more attention to their employees.


Related Questions

How have engineer contributed to the society?Explain​

Answers

Explanation:

Engineers contributed very significantly to a country's development from an agricultural economy to the one that includes manufacturing communication services and exploration to the country's natural resources like 10 hydro power oil and gas

Can you help me
please ​

Answers

Answer:

united nation childrens funds

Explanation:

i hope it helpful

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $259,000 and an estimated residual value of $7,400 is expected to have a useful operating life of 85,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.

Answers

Answer:

the depreciation expense is $592

Explanation:

The computation of the depreciation expense is shown below:

= (cost  - residual value) ÷ useful operating life × operated in april month

= ($259,000 - $7,400)  ÷ 85,000 hours × 200 hours

= $592

Hence, the depreciation expense is $592

The same should be considered and relevant too

Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to analyze the cost considerations for one of the composite models of the kayak division. They have provided the following production and operational costs necessary to produce one composite kayak.
Kevlar $250 per kayak
Resin and supplies $100 per kayak
Finishing kit (seat, rudder, ropes, etc.) $170 per kayak
Labor $420 per kayak
Selling and administrative expenses—variable $400 per kayak
Selling and administrative expenses—fixed $119,700 per year
Manufacturing overhead—fixed $240,000 per year
Bill and Diane have asked you to provide a cost-volume-profit analysis, to help them finalize the budget projections for the upcoming year. Bill has informed you that the selling price of the composite kayak will be $2,000.
(a) Calculate variable costs per unit.
Variable cost per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(b) Determine the contribution margin per unit.
Contribution margin per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(c) Using the contribution margin per unit, determine the break-even point in units for this product line.
Break-even point
Bill Johnson, sales manager, and Diane Buswell, co
units
(d) Assume that Current Designs plans to earn $270,600 on this product line. Using the contribution margin per unit, calculate the number of units that need to be sold to achieve this goal.
Number of units
Bill Johnson, sales manager, and Diane Buswell, co
units
(e) Based on the most recent sales forecast, Current Designs plans to sell 1,000 units of this model. Using your results from part (c), calculate the margin of safety and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 25.5%.)
Margin of safety $
Bill Johnson, sales manager, and Diane Buswell, co
Margin of safety ratio
Bill Johnson, sales manager, and Diane Buswell, co
%
By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.
(a) Calculate variable costs per unit.
Variable cost per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(b) Determine the contribution margin per unit.
Contribution margin per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(c) Using the contribution margin per unit, determine the break-even point in units for this product line.
Break-even point
Bill Johnson, sales manager, and Diane Buswell, co
units
(d) Assume that Current Designs plans to earn $270,600 on this product line. Using the contribution margin per unit, calculate the number of units that need to be sold to achieve this goal.
Number of units
Bill Johnson, sales manager, and Diane Buswell, co
units
(e) Based on the most recent sales forecast, Current Designs plans to sell 1,000 units of this model. Using your results from part (c), calculate the margin of safety and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 25.5%.)
Margin of safety $
Bill Johnson, sales manager, and Diane Buswell, co
Margin of safety ratio
Bill Johnson, sales manager, and Diane Buswell, co
%

Answers

Answer:

a. Particulars                                                  Amount$

Kevlar per kayak                                            250

Resin and Supplies per kayak                       100

Finishing Kit per kayak                                   170

Labor per Kayak                                             420

Variable selling & admin. exp. per kayak     400

Total variable cost per kayak                       1,340

b. Contribution margin per unit = Selling price per unit – Variable cost per unit

Contribution margin per unit = $2,000 per unit - $1,340 per unit

Contribution margin per unit = $660 per unit

c. Break-even point in units = Total fixed costs/ Contribution margin per unit

Break-even point in units = ($ 119,700 + $240,000) / $660 per unit

Break-even point in units = 545 units

d. Number of units to be sold = (Total Fixed cost + Target Profit)/ Contribution margin per unit

Number of units to be sold= ($119,700 + $240,000 + $270,600) / $660 per unit

Number of units to be sold = 955 units

So therefore, the company needs to sell 955 units in order to achieve target profit of $270,600.

List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.

Answers

If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.

Petrox Oil Co. is considering a project that will have fixed costs of $12,000,000. The product will be sold for $37.50 per unit and will incur a variable cost of $12.80 per unit.

Given Petrox's cost structure, it will have to sell __________ units to break even on this project (Q_BE).

Petrox Oil Co.'s marketing sales director doesn't think that the market for the firm's goods is big enough to sell enough units to make the company's target operating profit of $15,000,000. In fact, she believes that the firm will be able to sell only about 150,000 units. However, she also thinks the demand for Petrox Oil Co.'s product is relatively inelastic, so the firm can increase the sale price. Assuming that the firm can sell 150,000 units, what price must it set to meet the CFO's EBIT goal of $15,000,000?

a. $192.80
b. $221.72
c. $241.00
d. $202.44

Answers

Answer:

Fixed costs = $12,000,000

Selling price = $37.50

Variable cost = $12.80

hope this helps

At the given cost structure, Petrox have to sell 485,830 units to break-even on this project .The selling price to to be set to meet the profit of $15,000,000 is  $192.80. Thus, the correct answer is option A.

What is break-even ?

The break-even point occurs when total cost and total revenue are equal. Though opportunity costs have been paid and capital has received the risk-adjusted, expected return, there is no net loss or gain. In short, all necessary costs are met, and there is no profit or loss.

The break even units is calculated as,

Break-even units = Fixed Cost  / Contribution Margin

                             = Fixed Cost / Sale Price - Variable Cost

                              = $12,000,000/ $37.50-$12.80

                                = 485,830 units

The price that needed to be set is calculated as,

Target units=Fixed Costs+ Target EBIT/selling price-variable cost

Assume selling price is X

150,000= ($12,000,000+$15,000,000) / X-12.80

150,000=27,000,000 / X-12.80

150,000× (X-12.80)=27,000,000

X - 12.80=27,000,000 / 150,000

X-12.80 = 180

X = 180+12.80

X= $192.80

Therefore, the break-even units is 485,830 and the the price to be set is $192.80 to meet the CFO's EBIT goal of $15,000,000.

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Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share. It also has $2 million in face value of debt that trades at 90% of face value. What is the debt ratio that should be used to calculate WACC

Answers

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount  ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $249,400. The equipment was expected to have a useful life of four years, or 8,800 operating hours, and a residual value of $20,600. The equipment was used for 3,080 hours during Year 1, 1,848 hours in Year 2, 2,464 hours in Year 3, and 1,408 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method Units-of-Activity Method Double-Declining- Balance Method Year 1 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Year 2 $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Year 3 $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Year 4 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 2. What method yields the highest depreciation expense for Year 1

Answers

Answer:

Straight line :

Depreciation expense each of the four years is $57,200

total depreciation = $228,800

Double declining :

Year 1 = $124,700

Year 2  = $62350

Year 3 = $31,175

Year 4 =  $15,588

Total depreciation expense = $233,813

Activity based depreciation

year 1 =  $80,080

year 2 =  $48,048

year 3 =  $64,064

year 4 = $36,608

Total depreciation expense = $288,800

the deprecation method that yields the highest depreciation expense in year 1 is the double declining method

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($249,400 - $20,600) / 4 = $57,200

Depreciation expense each of the four years is $57,200

total depreciation = $57,200 x 4 = $228,800

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/4

Year 1 = 2/4 x $249,400 = 124,700

book value =  $249,400 - 124,700 = 124,700

Year 2 = 2/4 x 124,700 = 62350

Book value = 124,700 - 62350 =  62350

Year 3 = 2/4 x 62350 = 31,175

book value = 62350 -  31,175 =  31,175

Year 4 = 2/4 x  31,175 = 15,587.50

Addition of the depreciation expenses = $233,812.50

Activity method based on hours worked = (hours worked that year / total hours of the machine) x  (Cost of asset - Salvage value)

($249,400 - $20,600) / 8,800 = 26

year 1 = 26 x 3,080 = $80,080

year 2 = 26 x 1,848 = $48,048

year 3 = 26 x 2,464 = $64,064

year 4 = 26 x 1,408 = $36,608

Addition of the depreciation expenses = $288,800

Rosina purchased one 15-year bond at par value when it was initially issued. This bond has a coupon rate of 7 percent and matures 13 years from now. If the current market rate for this type and quality of bond is 7.5 percent, then Rosina should expect: the bond issuer to increase the amount of all future interest payments. the yield to maturity to remain constant due to the fixed coupon rate. to realize a capital loss if she sold the bond at today's market price. today's market price to exceed the face value of the bond. the current yield today to be less than 7 percent.

Answers

Answer:

to realize a capital loss if she sold the bond at today's market price.

Explanation:

Given that

NPER is 13

RATE is 7.5%

PMT is 7% of $1,000

Future value be $1,000

We need to find out the present value

So,

The current price of the bond is:

=PV(7.5%,13,7%*1000,1000)

=$959.37

Now if she wants to sell the bond now, so the value should be less than the face value due to which there should be the capital loss  

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021.

Required:
Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end.

Answers

Answer:

Sanford Co.

Bond Amortization Schedule  

Period     PV           PMT                Interest                FV

1          $468,951.03         $25,000.00         $28,137.06         $472,088.09

2        $472,088.09         $25,000.00        $28,325.29          $475,413.38

Year #1 end

3        $475,413.38         $25,000.00         $28,524.80          $478,938.18

4        $478,938.18         $25,000.00         $28,736.29         $482,674.47

Year #2 end

5      $482,674.47         $25,000.00         $28,960.47         $486,634.94

6     $486,634.94         $25,000.00          $29,198.10          $490,833.04

Year #3 end

7    $490,833.04          $25,000.00        $29,449.98         $495,283.02

8    $495,283.02         $25,000.00         $29,716.98         $500,000.00

Year #4 end

Explanation:

a) Data and Calculations:

Face value of bonds = $500,000

Proceeds from bonds = $468,951

Bonds Discounts = $31.049

Coupon interest rate = 10%

Effective interest rate = 12%

N (# of periods)  8

I/Y (Interest per year)  12

PMT (Periodic Payment)  25000

FV (Future Value)  500000

Results

PV = $-468,951.03

Sum of all periodic payments $200,000.00

Total Interest $231,048.97

Conducting a search of the story is part of store closing duties why

Answers

Searching for the store is part of store closing duties. Why?

A. To look for empty boxes

B. To ensure that all trash has been removed

C. To make sure someone is not hiding

D. To make sure all merchandise is on the sales floor

Answer:

B. To ensure that all trash has been removed

Explanation:

The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.

In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.

QS 8-9 Revenue and capital expenditures LO C3 Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Paid $200 cash per truck for the cost of their annual tune-ups. Paid $175 for the monthly cost of replacement filters on an air-conditioning system. Completed an addition to a building for $225,000 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record transactions a and d.

Answers

Answer:

1. a = Capital expenditure

b = Revenue expenditure

c = Revenue expenditure

d = Capital expenditure

2. Journal Entries

a. Debit Equipment $40,000

Credit Cash $40,000

To record a replacement on equipment that extends its useful life by four years.

d. Debit Building $225,000

Credit Cash $225,000

To record the payment for additional building completed.

Explanation:

a) Data and Analysis:

a. Equipment $40,000 Cash $40,000

to replace a motor on equipment that extends its useful life by four years.

b. Tune-ups Expenses $200 Cash $200

c. Repairs Expenses $175 Cash $175

d. Building $225,000 Cash $225,000

For each of the following scenarios, indicate which of the four basic tax planning variables (entity, character, time period, jurisdiction) impacts after-tax value.

a. Aloha Corporation is considering building a new manufacturing facility in either State U or State P. State U has a 10 percent state income tax rate. State P has a 15 percent state income tax rate, but offers a tax holiday for new business investment that would exempt up to $250,000 of Aloha’s earnings from state income tax for the first five years of operations in State P.
b. Mary wishes to help her nephew, Gill, pay his college tuition. Instead of giving Gill cash, Mary gives him bonds earning $10,000 annual interest income. Mary’s marginal tax rate is 35 percent and Gill’s marginal tax rate is 15 percent.
c. Congress has recently enacted a decrease in corporate tax rates that will take effect at the beginning of next year. Grant Company, a cash basis taxpayer, is planning to pay expenses prior to year-end in order to maximize its tax savings in the current year.
d. Will has $50,000 to invest in the stock market. He is considering two alternatives. Stock A pays annual qualifying dividends of 6 percent. Stock B pays no dividends but is expected to increase in value at a rate of 5 percent per year. Will would hold either investment for a minimum of four years. Will’s marginal tax rate on ordinary income is 35 percent.

Answers

Answer:

Letter D is the answer

Explanation:

trust me bro

Mr. and Mrs. Hennesy met with their adviser and concluded that they would need $40,000 per year after they retire in order to live comfortably. They plan to retire 10 years from now and expect to enjoy 20-year of happy retirement before they go to the great beyond. How much should they deposit now in a bank account paying 9 percent to reach financial happiness during retirement

Answers

Answer:

Mr. and Mrs. Hennesy

They should deposit $337,928.65 now.

Explanation:

a) Data and Calculations:

Amount required per year after retirement = $40,000

Period of years during retirement = 20 years

Total amount required for 20 years = $800,000 ($40,000 * 20)

Interest rate = 9%

N (# of periods)  10

I/Y (Interest per year)  9

PMT (Periodic Payment)  0

FV (Future Value)  800000

Results

PV = $337,928.65

Total Interest $462,071.35

Russell Inc. had sales of $2,210,000for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.
Variable Fixed
Cost of goods sold $921,000 $441,000
Selling expenses 71,000 46,000
Administrative expenses 87,000 99,000
Prepare a CVP income statement for the quarter ended March 31, 2017.

Answers

Answer:

A Cost-Volume-Profit statement is used to show just how the different costs incurred contribute to the expenses. It divides the costs into variable and fixed costs for better analysis.

Sales                                                                               $2,210,000

Variable Costs:

Cost of Goods sold                                   $921,000

Selling expenses                                       $ 71,000

Admin expenses                                      $87,000

Total variable costs                                                       ($1,079,000)

Contribution margin                                                      $1,131,000

Fixed costs:

Cost of goods                                          $441,000

Selling expenses                                     $ 46,000

Admin expenses                                    $ 99,000

Total fixed costs                                                           ($586,000)

Net operating income                                                  $545,000

Motors are assembled in a process with two resources. The first resource has a capacity of 2 motors per hour. The capacity of the second resource is 4.5 motors per hour. Demand for this process is 2.3 motors per hour.
Instruction: Round your answer to three decimal places.
What is the cycle time of this process (in minutes)? _______minutes

Answers

Answer: 26.1 minutes

Explanation:

The cycle time is calculated by the formula:

= Production time available / Desired output

Production time available = 1 hour as production is per hour.

1 hour = 60 minutes

Desired output is the demand per hour from the process

Cycle time = 60 / 2.3

= 26.1 minutes

El 5 de diciembre se solicitó un préstamo por USD.275,000, negociado al 6.5%
de interés anual a un plazo de 5 años. Los pagos de capital e intereses se harán
mensualmente.

Answers

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Completing a Master Budget
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
a. As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances:
Debits
Credits
Cash
$ 48,000
Accounts receivable
224,000
Inventory
60,000,
Buildings and equipment (net)
370,000
Accounts payable
$ 93,000
Capital stock
500,000
Retained earnings
_______
109,000
$702,000
$702,000
b. Actual sales for December and budgeted sales for the next four months are as follows:
December (actual)
$280,000
January
$400,000
February
$600,000
March
$300,000
April
$200,000
c. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
d. The company’s gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
e. Monthly expenses are budgeted as follows: salaries and wages, $27,000 per month: advertising, $70,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,000 for the quarter.
f. Each month’s ending inventory should equal 25% of the following month’s cost of goods sold.
g. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
h. During February, the company will purchase a new copy machine for $1,700 cash. During March, other equipment will be purchased for cash at a cost of $84,500.
i. During January, the company will declare and pay $45,000 in cash dividends.
j. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:

Using the data above, complete the following statements and schedules for the first quarter:

1. Schedule of expected cash collections:
January
February
March
Quarter
Cash sales

$ 80,000







Credit sales

224,000







Total cash collections

$304,000







2. a. Merchandise purchases budget:




January

February

March

Quarter

Budgeted cost of goods sold

$240,000*

$360,000





Add desired ending inventory

90,000f







Total needs

330,000







Less beginning inventory

60,000







Required purchases

$270,000







___________

*$400,000 sales X 60% cost ratio =$240,000.

†$360,000 X 25% = $90,000.

b. Schedule of expected cash disbursements for merchandise purchases:




January

February

March

Quarter

December purchases

$ 93,000





$ 93,000

January purchases

135,000

135,000



270,000

February purchases









March purchases









Total cash disbursements for purchases

$228,000







3. Schedule of expected cash disbursements for selling and administrative expenses:




January

February

March Quarter
Salaries and wages
$ 27,000
Advertising
70,000
Shipping
20,000
Other expenses
12,000
Total cash disbursements for
selling and administrative expenses
$129,000
4. Cash budget:
January
February
March Quarter
Cash balance, beginning
$ 48,000
Add cash collections
304,000
Total cash available
352,000
Less cash disbursements:
Purchases of i nventory
228,000
Selling and administrative
expenses
129,000
Purchases of equipment
_____
Cash dividends
45,000
Total cash disbursements
402,000
Excess (deficiency) of cash
Financing: Etc.
(50,000)
5. Prepare an absorption costing income statement for the quarter ending March 31 as shown in Schedule 9 in the chapter.
6. Prepare a balance sheet as of March 31.

Answers

Answer:

heuer7eguejeu7 said she had a good to

Professional service organizations include __________.

Answers

Answer:

Accenture, Ernst and Young, KPMG, Deloitte.

. produces 1000 packages of fruit sushi per month. The sales price is $5 per pack. Variable cost is $1.50 per unit, and fixed costs are $1800 per month. Management is considering adding a chocolate coating to improve the value of the product by making it a dessert item. The variable cost will increase from $1.50 to $1.90 per unit, and fixed costs will increase by 10%. The CEO wants to price the new product at a level that will bring operating income up to $4000 per month. What sales price should be charged

Answers

Answer:

$7.88

Explanation:

The computation is given below:

Sales price is

= ( Total sales revenue ÷ packages sold)

And,

Total sales revenue is

= ( Total Cost + Operting income )

And,  

Total Cost = ( Variable Cost + Fixed cost)

Now

Variable cost = 1,000 packages × $1.90 per unit

= $1,900

And,

Fixed cost = $1,800 × 110%

= $1,980

so

Total cost = $1,900 + $1,980

= $3,880

Now  

Total sales revenue is

= $3,880 + $4,000

= $7,880

 Now  

Sales price = $7,880 ÷ 1,000 packages

= $7.88

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances:
Cash 42,000
Accounts receivable 201,600
Inventory 58,050
Buildings and equipment (net) 352,000
Accounts payable 85,725
Common stock 500,000
Retained earnings 67,925
653,650 653,650
b. Actual sales for December and budgeted sales for the next four months are as follows:
December (actual) 252,000
January 387,000
February 584,000
March 298,000
April 195,000
c. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
d. The company's gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
e. Monthly expenses are budgeted as follows: salaries and wages, $17,000 per month; advertising, $57,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,420 for the quarter.
f. Each month's ending inventory should equal 25% of the following month's cost of goods sold.
g. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
h. During February, the company will purchase a new copy machine for $1,200 cash. During March, other equipment will be purchased for cash at a cost of $71,000.
i. During January, the company will declare and pay $45,000 in cash dividends.
j. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required
Using the data above, complete the following statements and schedules for the first quarter:
1. Schedule of expeted cash collections:
Hillyard Company Schedule of Expected Cash Collections
January February March Quarter
Cash sales 77,400 77,400
Credit sales 201,600 201,600
Total collections 279,000 279,000
2-a. Merchandise purchases budget:
Hillyard Company Merchandise Purchases Budget
January February March Quarter
Budgeted cost of goods sold 232,200* 350,400
Add desired ending inventory 87,600†
Total needs 319,800 350,400
Less beginning inventory 58,050
Required purchases 261,750
*$387,000 sales x 60% cost ratio = $232,200.
†$350,400 × 25% = $87,600.
2-b. Schedule of expected cash disbursements for merchandise purchases:
Hillyard Company Schedule of Expected Cash Disbursements for Merchandise Purchases
January February March Quarter
December purchases 85,725
January purchases 130,875 130,875
February purchases
March purchases
Total cash disbursements for purchases
3. Cash budget. (Cash deficiency, repayments and interest should be indicated by a minus sign.)
Hillyard Company Cash Budget
January February March Quarter
Beginning cash balance 42,000
Add cash collections 279,000
Total cash available 321,000
Less cash disbursements:
Purchases of inventory 216,600
Selling and administrative expenses 104,960
Purchases of equipment
Cash dividends 45,000
Total cash disbursements 366,560
Excess (deficiency) of cash (45,560)
Financing:
Borrowings
Repayments
Interest
Total financing
Ending cash balance
4. Prepare an absorption costing income statement for the quarter ending March 31.
Hillyard Company Income Statement For the Quarter Ended March 31
Cost of goods sold
Selling and administrative expenses:
5. Prepare a balance sheet as of March 31.
Hillyard Company Balance Sheet March 31
Assets
Current assets:
Total current assets
Total assets
Liabilities and Stocholders' Equity
Current liabilities
Stockholders' equity
Total liabilities and stockholders' equity

Answers

Answer:

1. Schedule of Cash Collection:

Particulars: January February March Quarter

Cash Sales $77,400 $77,400 $118,200 $273,000

Credit Sales $201,600 $201,600 $472,800 $876,000

Total Collections $279,000 $279,000 $591,000 $1,149,000

Explanation:

Cash sales are 20% of total sales where as remaining 80% sales are credit sales. Cash collection schedule prepared will display the actual cash collected from sales. The sales made on credit are collected in the following month.

Choose the correct statements about the ROC curve.
A. By plotting the true-positive rate against the false-positive rate for different threshold values, the ROC curve can be used to select the optimal model.
B. ROC stands for Receiver Operating Characteristic curve, which was originally developed to detect enemy aircrafts on radar.
C. The ROC curve is a useful diagnostic tool for determining the optimal classification model.
D. The ROC curve was originally developed to optimize healthcare and detect congestive heart failure readmission rate.

Answers

Answer:

B

Explanation:

The ROC stands for Reviever Operating Characteristics curve ehic was originally developed to detect enemy aircrafts on reader

The correct statement about the ROC curve is that  ROC stands for the Receiver Operating Characteristic curve, which was originally developed to detect enemy aircraft on radar. Thus, option B is correct.

What is a curve?

A curve can be defined as the relation that can be between the teo element. this is represented by the graph that is formed on the basis of the change in the elements that are surrounding it. If there is a change in one thing then there can also be a change in another and it may have an effect.

The best accuracy and false alarm rate for a classification algorithm at the approaches suggested are calculated and plotted to create the ROC curve.

The Receiver Operating Characteristic curve, abbreviated ROC curve, was created to find hostile aircraft using radar. Therefore, option B is the correct option.

Learn more about ROC curve, here:

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Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $73.08. Variable finishing costs are expected to be $6.64 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases.

Answers

Answer:

Pine Street should sell finished bookcases.

Explanation:

                                  Differential analysis

                                 Sell unfinished  Process further  Net income

                                                                                        Increase (decrease)

Sale price per unit        58.09                    73.08                  14.99

Cost per unit

Variable                         37.97                     44.61                  -6.64

Fixed                              10.12                      10.12                      0

Total                              48.09                     54.73                  8.35

Net income per unit      10                         18.35                  8.35

So, the book cases should be sold after processed further.

Makers Corp. had additions to retained earnings for the year just ended of $553,000. The firm paid out $191,000 in cash dividends, and it has ending total equity of $4.96 million. The company currently has 240,000 shares of common stock outstanding. a. What are earnings per share

Answers

Answer:

$1.51

Explanation:

Calculation to determine the earnings per share

Using this formula

Earnings per share = (Retained Earnings + Dividend paid out) / Common stock outstanding

Let plug in the formula

Earnings per share= ($553,000+$191,000)/240,000

Earnings per share=$362,000/240,000

Earnings per share= $1.51

Therefore Earnings per share is $1.51

A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit; Supervisory salaries: $60,000; Building rent: $80,000. If the company expects to produce 200,000 units using 100,000 hours of direct labor, the standard overhead rate will be $

Answers

Answer:

Predetermined manufacturing overhead rate= $1.45 per unit

Explanation:

First, we will calculate the variable overhead per unit:

Unitary variable overhead= Indirect materials + Utilities

Unitary variable overhead= 0.5 + 0.25

Unitary variable overhead= $0.75 per unit

Now, the total fixed overhead, and fixed overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= Supervisory salaries + Building rent

Total fixed overhead= 60,000 + 80,000

Total fixed overhead= $140,000

Predetermined manufacturing overhead rate= 140,000 / 200,000

Predetermined manufacturing overhead rate= $0.7 per unit

Finally, the total predetermined overhead rate:

Predetermined manufacturing overhead rate= 0.75 + 0.7

Predetermined manufacturing overhead rate= $1.45 per unit

MC Qu. 120 Levelor Company's flexible budget shows... Levelor Company's flexible budget shows $10,640 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.20 per direct labor hour based on a budgeted operating level of 6,050 direct labor hours (90% of capacity). If overhead actually incurred was $11,106 during May, the controllable variance for the month was:

Answers

Answer: $466 Unfavorable

Explanation:

The Controllable variance is found by the formula:

= Flexible budget overhead - Actual Overhead incurred

= 10,640 - 11,106

= -$466

As this is a negative, it is an Unfavorable variance because it shows that actual overhead was higher than planned.

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is known as _____.

a. replication
b. interaction
c. the main effect
d. a factor

Answers

Answer: B. Interaction

Explanation:

A factorial design enables the effect of several factors and the interactions that exist between them to be determined.

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is referred to as interaction.

Therefore, the correct option is B.

You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis. If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point

Answers

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity

Suppose that an additional 350 hours per week can be obtained from the milling machines by working overtime. The incremental cost would be $2.00 per hour. What would be the allowable increase(from the excel sensitivity report) in overtime when compared to additional hours that can be obtained

Answers

Solution :

It is given that :

Additional time obtained per week from milling machines = 350

The incremental cost = $ 2 per hour

Therefore, the allowable increase for milling operation is 400.

This indicates that we can accommodate additional constraint RHS of [tex]200[/tex] hours.

Also we have to consider the impact on the profit of 2.25 which is an incremental cost of [tex]1.5[/tex] is well affordable.

Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $336,700 $1,092,000 Variable costs 135,100 655,200 Contribution margin $201,600 $436,800 Fixed costs 138,600 268,800 Income from operations $63,000 $168,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.

Answers

Answer:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

Explanation:

Computation for the operating leverage for Beck Inc. and Bryant Inc

Using this formula

Operating leverage = Contribution margin/Income from operation

Let plug in the formula

Beck Inc Operating leverage = $201,600/ $63,000

Beck Inc Operating leverage= 3.2

Bryant Inc Operating leverage= $436,800/$168,000

Bryant Inc Operating leverage= 2.6

Therefore the operating leverage for Beck Inc. and Bryant Inc are:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

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