Which one of the following statements is correct concerning the mutual fund cash ratio​ (MFCR)? A. When mutual funds have a lot of cash it is a bearish signal because managers are not buying stocks. Your answer is not correct.B. A high MFCR is like high short interest in that it indicates pent up demand. This is the correct answer.C. Low mutual fund cash is bullish because it means managers have been buying stocks. D. High mutual fund cash indicates that fund managers might be forced to sell securities should investors wish to withdraw​ funds, a bearish signal.

Answers

Answer 1

Answer:

Following is the correct statement "When mutual funds have a lot of cash it is a bearish signal because managers are not buying stocks"

Explanation:

When the common assets have a large proportion of cash, it is the indications that stock managers are the market bearish in common and hold back on purchasing.  

Therefore, the correct statement in he given scenario is A and other statement B, C and D are incorrect


Related Questions

In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30 $ 6,245 Deposits in transit at month-end $ 1,360 Outstanding checks at month-end $ 680 Bank charge for printing new checks $ 75 Note receivable and interest collected by bank on Donahue’s behalf $ 710 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 540 The adjusted cash balance per the books on April 30 is:

Answers

Answer:

$5,660.

Explanation:

The adjusted cash balance = Cash balance per company books on April 30 - Deposits in transit + Outstanding checks - Bank charge + Note receivable and interest - NSF check = $6,245 - $1,360 + $680 - $75 + $710 - $540 = $5,660.

Therefore, the adjusted cash balance per the books on April 30 is $5,660.

(Ignore income taxes in this problem.) James just received an $8,000 inheritance check from the estate of his deceased uncle. James wants to set aside enough money to pay for a trip in five years. If the trip is expected to cost $5,000 and the rate of return is 12 percent per year, how much of the $8,000 must James deposit now to have the $5,000 in five years

Answers

Answer:

  $2837.13

Explanation:

The account value is multiplied by 1 +12% = 1.12 each year, so at the end of 5 years, it will have been multiplied by 1.12^5. For some investment P, we want ...

  5000 = P×1.12^5

  5000/1.12^5 = P ≈ $2837.13

James must deposit about $2837.13 now to have the required amount in 5 years.

Milton Friedman argues that __________.
O corporations today should adopt a broader view of their social responsibilities than they have in the past.
O corporate officials have a social responsibility that goes beyond serving the interests of their stockholders.
O strict governmental controls are necessary if society is to maximize its overall economic well-being.
O a business's only social responsibility is to maximize profits within the rules of the game.

Answers

Answer:

Milton Friedman argues that a business's only social responsibility is to maximize profits within the rules of the game.

Explanation:

Milton Friedman is known to hold an opposing view when compared to that of John Keynes about economic theory.

Whereas Milton Friedman believes that the utmost responsibility of any company is to the shareholders, the Keynesian are more consumer focused.

Milton Friedman believes strongly in free capitalism and as a result does not advocate for any company offering corporate social responsibility to the society or public.

Proper payroll accounting methods are important for a business for all of the following reasons except a.payroll is subject to various federal and state regulations b.good employee morale requires timely and accurate payroll payments c.to help a business with cash flow problems by delayed payments of payroll taxes to federal and state agencies d.payroll and related payroll taxes have a significant effect on the net income of most businesses

Answers

Answer:

Option C                                        

Explanation:

In simple words, Payroll Accounting refers to the task of estimating and delivering to workers and other organizations pay , bonuses and allowances. That is usually achieved by various papers, including time sheets, earnings, as well as an accounting register.

Payroll management actually tracks an enterprise's payroll costs through accounting records. Payroll planning covers both cost and liability reports which including FICA Payable Payments, fed and provincial taxes Payable, Life Care Contributions Payable, etc.

Explain how strong enforcement of carefully designed patent laws affects the growth rate of an economy. (5 points) Explain how tax incentives can be used to promote faster economic growth. (5 points) Explain the "infant industry argument" and its relationship to a country’s growth rate. (5 points) Explain what incentives can be used to increase the savings rate in an economy (as another way to promote faster economic growth). (5 points)

Answers

Answer:

1.In simple words, strong enforced patent laws will work as a motivation to innovation and innovation always results in better outcomes for thee economy as the output in the economy could be increased dramatically through technology advances.

2. By simply decreasing the tax rates on income from middle class households, Government can increase the demand of goods due to higher income in hand which further results in growth of economy.

3. Such argument states the new industries must be protected from foreign competitors until they are stable on their own. This is completely true as new industrious lead to better employment opportunities which further leads to economic growth.

4. For first tax rates can be decreased for more income in hand and also interest rates on savings could be increased.

If the government set a price ceiling of $40, there would be: Group of answer choices a shortage (or excess supply) of about 8 units a shortage (or excess supply) of about 12 units a surplus (or excess demand) of about 8 units a surplus (or excess demand) of about 12 units

Answers

Answer:

A surplus (or excess demand) of about 8 units

Explanation:

The picture attached shows the diagram necessary for the question which is part of the question. Solution is given below;

At the above ceiling at price of 40$

Quantity supplied will be 16

Quantity demanded will be 24

So when demand is more than supply than there will be a shortage in quantity by (24-16) 8 units.

When there is demand more than supply than it is an excess demand.

So surplus or excess demand by 8 units.

At the beginning of 2020, Vaughn Company acquired a mine for $1,965,400. Of this amount, $115,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 11,010,000 units of ore appear to be in the mine. Vaughn incurred $195,500 of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $46,000. During 2020, 2,433,000 units of ore were extracted and 2,081,000 of these units were sold.

Compute the total amount of depletion for 2020.

Answers

Answer:

$462,270.00

Explanation:

The first task is to determine the depletion rate per unit of ore extracted from the mine.

depletion rate=total cost the mine/total units of ore extract

total cost of mine=acquisition cost-land value+development costs+removal cost

total cost of mine=$1,965,400-$115,000+$195,500+$46,000=$2,091,900.00  

total units of ore extract is 11,010,000 units

depletion rate= 2,091,900.00/11,010,000=$0.19 per unit of ore

depletion amount in 2020=depletion rate*ore extracted in 2020=2,433,000*$0.19 =$462,270.00  

Answer:

$408,903

Explanation:

Depletion is an estimated cost of a natural resource that is extracted. This resource is expensed as the extraction is made.

As per given data

Total Payment = $1,965,400

Land Value = $115,000

Value of Rights = $1,965,400 - $115,000 = $1,850,400

Estimated resources = 11,010,000 units

Resources extracted in the period = 2,433,000 units

Depletion expense is based on ratio of the amount of extraction in period to the total expected resource.

Depletion Expense = $1,850,400 x 2,433,000 / 11,010,000 units = $408,903

The Berkel Corporation manufactures Widgets, Gizmos, and Turnbols from a joint process. June production is 5,000 widgets; 8,750 gizmos; and 10,000 turnbols. Respective per unit selling prices at splitoff are $75, $50, and $25. Joint costs up to the splitoff point are $187,500. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to the widgets

Answers

Answer:

Allocated join cost = $66,176.47  

Explanation:

The joint cost is allocated using sales. This is done by using the proportion of sales of the total which is attributed to the sales value of widget

Total sales value of the three products=

(75  × 5,000) + ($50×  8,750) + ( $25×  10,000)= 1,062,500

Joint cost = $187,500.

Joint costs allocated to Widget

=  (75  × 5,000)/1,062,500  ×  $187,500. =  66,176.47  

Allocated join cost =$66,176.47  

8-27 Basic Flexible Budget The budgeted prices for materials and direct labor per unit of fi nished product are $8 and $7, respectively. The production manager is delighted about the following data: Static Budget Actual Costs Variance Direct materials $59,200 $49,900 $9,300 F Direct labor 51,800 39,200 12,600 F Is the manager’s happiness justifi ed? Prepare a report that might provide a more detailed explanation of why the static budget was not achieved. Good output was 5,300 units.

Answers

Answer:

Basic Flexible Budget

Flexible Budget:

Differential Analysis

Reject Order (Alt. 1) or Accept Order (Alt. 2)

September 5

                                     Flexible             Actual             Variance

Costs:                       5,300 units    5,300 units       0

Direct Materials           $42,400               $49,900            $7,500 U

Direct Labor              $ 37,100                $39,200            $2,100 U  

Total Variable costs    $79,500               $89,100             $9,600 U

Explanation:

Using the good output and a flexible budget, the static budget was not achieved favorably as depicted.

A flexible budget varies the budgeted units to agree with the volume of activity.  This produces a different result from the static budget, which does not vary the budgeted units according to the volume of activity.

A flexible budget is preferable as it reflects the correct performance given the activity level or volume of production or sales.

On January 1, 2011, G Corp. granted stock options to key employees for the purchase of 80,000 shares of the company's common stock at $25 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1, 2013, by the grantees still in the employ of the company. No options were terminated during 2011, but the company does have an experience of 20% forfeitures over the life of the stock options. The market price of the common stock was $31 per share at the date of the grant. G Corp. used the Binomial pricing model and estimated the fair value of each of the options at $10. What amount should G charge to compensation expense for the year ended December 31, 2011

Answers

Answer:

The amount should G charge to compensation expense for the year ended December 31, 2011 is $320,000

Explanation:

In order to calculate the amount should G charge to compensation expense for the year ended December 31, 2011 we would have to calculate the following formula:

amount should G charge to compensation expense for the year ended December 31, 2011=Total compensation/2

Note: company does have an experience of 20% forfeitures over the life of the stock options, therefore, 100%-20%=80%

Total compensation= 80,000 options × $10 × 80%

Total compensation= $640,000

amount should G charge to compensation expense for the year ended December 31, 2011=$640,000/2

amount should G charge to compensation expense for the year ended December 31, 2011=$320,000

On 3/1/14 Fox Corp bought back 1,000 shares of their common stock for $15 per share. There were no shares in the treasury prior to that. On 5/23/14 they sold 200 of those shares for $17 each. On 6/19/14 they sold another 400 shares of those shares for $10 per share. Consider writing out all of your entries on scratch paper to assist you in answering questions 31 and 32. What will the remaining balance in the treasury stock account be after all of the above transactions have been recorded

Answers

Answer:

For question (31) $ 6000 (32) The net impact on retained earning is         1600 (Which is a negative

Explanation:

Question 31

                                                 No. Rate   Value

Purchase of Treasury Stock   1000       15              15000  

Less: Sold on 5/23/14              200        15              3000  

Less: Sold on 6/19/14               400        15              6000  

Net remaining value                                                 6000

Note: to calculate the closing value of treasury stock, rate of selling stock need to be taken same as of date of purchase.

For question 31 the answer is $ 6000

Question 32

Impact on retained earning on first sale

                                                         No. Rate     Value

Sale VALUE                                      200 17         3400  

Less: Purchase of Treasury Stock  200 15         3000

Credit Retained earning                                             400

Impact on retained earning on second sale

                                                          No. Rate     Value

Sale VALUE                                       400 10         4000  

Less: Purchase of Treasury Stock   400 15         6000

Debit Retained earning                                            -2000

Net Impact on retained earning         1600 (Negative i.e. Debit)

Therefore the remaining balance in the treasury stock account be after all of the above transactions have been recorded is $6000

Note: Kindly find an attached copy of the complete question to this solution

JB Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable cost per unit is $220 and the expected fixed costs are $438,000. Cost estimates are considered accurate within a ±2 percent range. The depreciation expense is $64,000. The sales price is estimated at $647 per unit, ±2 percent. What is the sales revenue under the worst-case scenario?

Answers

Answer:

$984,061.12

Explanation:

The computation of sales revenue under the worst-case scenario is shown below:-

Sales revenue under the worst-case scenario = Quantity sold × Price

= (1,600 - 1,600 × 3%) × ($647 - $647 × 2%)

= (1,600 - 48) × ($647 - 12.94)

= 1,552 × 634.06

= $984,061.12

Therefore for computing the sales revenue under the worst-case scenario we simply applied the above formula.

Seven, Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 3.5 feet $ 8.20 per foot Direct labor 1.75 hours $ 7.00 per hour Variable manufacturing overhead 1.75 hours $ 2.60 per hour The company planned to produce 23,100 units of output during June and has reported the following actual results for the product for June: Actual output 24,000 Units Raw materials purchased/used 88,800 Feet Actual total cost of raw materials $ 706,560 Actual direct labor-hours 48,000 Hours Actual total direct labor cost $ 374,400 Actual total variable overhead cost $ 124,800 Assume all of the materials purchased was used during the month to produce the 24,000 units. The price variance for DM is:

Answers

Answer:

Material price variance  $21,600  unfavorable

Explanation:

   Material price variance

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

                     

                                                                          $

88, 800 feet should have cost (88, 800× $8.20)                728,160

but did cost                                                                            706,560

Material price variance                                                          21,600  unfavorable

Royal Dutch Shell(RDS) acquires ethanol fuel from Brazilian Cosan energy company. The Ethanol costs 500 million Brazilian Real(BRL) to grow the corn and convert it to ethanol. RDS doesn't have BRL, so they must use the futures market to acquire the currency. If 1 BRL/USD futures contract is for 100,000 reals What is the optimal number of BRL/USD futures contracts for Shell to take to receive the entire amount of Real at delivery.

Answers

Answer:

The answer is 5000 future contracts

Explanation:

Solution

Given that:

Royal Dutch buys ethanol fuel from Brazilian energy company

Nowm,

The Required coverage = 500,000,000

The BRL/USD futures contract size = 100,000

Number of contracts required = 500,000,000/100,000

So,

= 500,000,000/100,000  = 5000

Therefore, the optimal number of BRL/USD futures contracts for Shell to take to receive the entire amount of Real at delivery is 5000

According to an article in the Wall Street Journal​, KB Home and other builders found demand for new houses increasing in 2017 as a result of an increase in the formation of new households. In the long​ run, formation of new households depends on population growth. ​Source: Laura Kusisto and Sarah​ Chaney, "U.S. Housing Starts Fell in April for Third Time in Four​ Months," Wall Street Journal​, May​ 16, 2017. Are firms like homebuilders that sell products whose demand depends partly on demographic factors likely to be more or less affected by the business cycle than are other firms whose products are less dependent on these factors​ (holding constant other factors that affect the demand for new​ houses)? Briefly explain.

Answers

Answer:

Generally speaking, demographic growth can affect the economy quite a lot, but the economy has a very little effect on demographic growth. E.g. the baby boomers were great for the economy during several decades, but there is no clear relationship between population growth and economic activity.

This means that companies like home builders whose demand depends on other factors besides the economy, will be less affected by economic recessions or expansions. E.g. the demographic growth in America was around 0.7% during 2019 and the economy was growing that year.

Actually, the US population has been declining over the last decades. The real growth factor in population has been immigration in the last decades, and that has also been declining lately.

Assume that an economy is initially in​ long-run equilibrium. Explain the ​short-run effect of monetary policy that causes an increase in interest rates. As a result of higher interest​ rates, the A. ​long-run aggregate supply curve will shift left. B. aggregate demand curve will shift left. C. ​short-run aggregate supply curve will shift left. D. aggregate demand curve will shift right. The new equilibrium will be A. where the original aggregate demand curve intersects the original​ short-run aggregate supply curve. B. where the new aggregate demand curve intersects the original​ short-run aggregate supply curve. C. where the new aggregate demand curve intersects the original aggregate demand curve.

Answers

Answer:

As a result of higher interest​ rates, the

B. aggregate demand curve will shift left.

The new equilibrium will be

B. where the new aggregate demand curve intersects the original​ short-run aggregate supply curve.

Explanation:

A contractionary monetary policy will increase the interest rates, lowering investment and consumption. This will result in a leftward shift of the aggregate demand curve.

The new equilibrium (E1) will be at the point where the new aggregate demand curve (AD1) intersects the original short run aggregate supply curve (SRAS) and the long run aggregate supply curve (LRAS).

Vaughn Manufacturing expects to purchase $180000 of materials in July and $170000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?

Answers

Answer:

The August's cash disbursements for materials purchases would be

$172,500.00   for Vaughn Manufacturing

Explanation:

The cash disbursements in the month of August consist of the three-fourth cost of the August purchases and the one-fourth of the July purchases since the 3/4 of the cost of materials purchased is paid in the same month as purchases and the balance of 1/4 of purchase cost in the succeeding month

Cash disbursements in August=($170,000*3/4)+($180,000*1/4)=$127500 +$45,000=$172,500.00  

The economy is in equilibrium, TP = TE. Then, autonomous consumption rises. As a result, __________ rises, the __________ curve shifts __________, inventory levels unexpectedly __________, and business firms __________ the quantity of goods and services they produce. Group of answer choices consumption; TE; downward; fall; increase consumption; TE; upward; fall; increase consumption; TE; upward; rise; decrease investment; TE; upward; fall; increase investment; TP; leftward; fall; increase

Answers

Explanation:

The economy is in equilibrium, TP = TE. That is total production is equal to total production.

Then, autonomous consumption rises. As a result, consumption rises, the TE(total expenditure) curve shifts upwards, inventory levels unexpectedly falls, and business firms increases the quantity of goods and services they produce.

Precise Machinery is analyzing a proposed project. The company expects to sell 2,100 units, give or take 5 percent. The expected variable cost per unit is $260 and the expected fixed costs are $589,000. Cost estimates are considered accurate within a plus or minus 4 percent range. The depreciation expense is $129,000. The sales price is estimated at $750 per unit, give or take 2 percent. The tax rate is 35 percent. The company is conducting a sensitivity analysis on the sales price per unit using a sales price estimate of $755. What is the operating cash flow based on this analysis

Answers

Answer:

$337,975

Explanation:

Operating Cash Flow:

Operating Cash Flow

{[($755 - $260) x 2,100 units] - $589,000} {1 - 0.35} + {$129,000 x 0.35}

{[$495 x 2,100 units] - $589,000} {0.65} + {$129,000 x 0.35}

{$1,039,500 - $589,000} {0.65} + $45,150

{$450,500‬} {0.65} + $45,150

$292,825 + $45,150

$337,975

Merritt Equipment Company sells computers for $1,630 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 950 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $40 for parts and $60 for labor. (Assume sales all occur at December 31, 2017.)
In 2018, Merritt incurred actual warranty costs relative to 2017 computer sales of $11,200 for parts and $16,800 for labor.
Required:
a. Under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018.
i. To record sale of computers
ii. To record estimated warranty expense
iii. To record expenditures towards warranty

Answers

Answer:

For this given question, find the entries recorded on the transactions (accrual method) for 2017 and 2018.

Explanation:

Solution

Entries on the above transactions (accrual method) for 2017 and 2018.

Date Particulars                          Debit ($)            Credit ($)

2017 Accounts Receivable

                    (1630*950)                          1548500

                  Sales revenue                                            1548500

           (To record sale of computers)  

2017 Warranty Expense

                     (40+60)*950                   95000

                 Warranty Liability                                        95000

      To record liability against warranty costs)

2018  Warranty Liability                     28000

                      Inventory                                                 11200

                Cash, Accrued payroll                                 16800

Which of the following is the most likely negative consequence of excessive change in an organization? Group of answer choices Staff being asked to do too much Staff being restricted to a single activity The operation of the organization at less than capacity The establishment of a system for prioritizing projects

Answers

Answer:

Staff being asked to do too much.

Explanation:

Excessive change in an organization is defined as a process when organizations pursue several differing, unrelated and sometimes changes that are conflicting simultaneously. It can also be, when an organization involves in introducing new changes before previous changes are being accomplished.

Additionally, when staffs or employees perceives change as being excessive, they react in various ways. Some of their reactions to excessive change includes;

• They become overwhelmed.

• Lack of motivation.

• They're stressed out.

• Frustration and anger builds among them.

• Inadequacy, uncertainty

and incompetence.

The lower level staffs and middle managers are most likely to experience, the negative consequence of excessive change in an organization because they're being asked to do too much.

Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $3.4 million. The patent will be used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $110,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used

Answers

Answer:

$658,000

Explanation:

According to the scenario, computation of the given data are as follows:

Granite Enterprises Patent acquired = $3.4 million

Used years = 5 years

Rocky corporation purchase after 5 years = $110,000

So, we can calculate the Granite's patent amortisation by using following formula:

Granite's patent amortisation = ($3,400,000 - $110,000) ÷ 5

= $3,290,000 ÷ 5

= $658,000

​Garcia's Garage desires to create some colorful charts and graphs to illustrate how reliably its mechanics​ "get under the hood and fix the​ problem." The historic average for the proportion of customers that return for the same repair within the​ 30-day warranty period is 0.09.Each​ month, Garcia tracks 100customers to see whether they return for warranty repairs. The results are plotted as a proportion to report progress toward the goal. If the control limits are to be set at twostandard deviations on either side of the​ goal, determine the control limits for this chart. In​ March, 5of the 100customers in the sample group returned for warranty repairs. Is the repair process in​ control?

Answers

Answer:

the given question historic average is given as 0.09 for 100 customers.

Therefore,

P = 0.09 and n = 100

The control liimits are to be set two standard deviation around the mean.

Standard deviation =

\sigma = \sqrt{p(1-p)/n)}

Therefore substitutin g the value in the above formula:

\sigma = \sqrt{0.09(1-0.09)/100)}

After soving we get result as:

\sigma = 0.0286

Upper Control Limit = 0.09 + 2 * \sigma = 0.09 + (2 * 0.0286) = 0.1472

Lower Control Liimit = = 0.09- 2 * \sigma = 0.09 - (2 * 0.286) = -0.0328

For March, 5 out of 100 customers returned for warranty repairs, therefore,

p for March = 5/100 = 0.05

The process doses not fall under control limits, so it is out of control for March.

Stellar Plastics is analyzing a proposed project with annual depreciation of $19,500 and a tax rate of 34 percent. The company expects to sell 12,000 units, plus or minus 5 percent. The expected variable cost per unit is $3.20 plus or minus 4 percent, and the expected fixed costs are $30,000 plus of minus 2 percent. The sales price is estimated at $7.50 a unit, plus or minus 4 percent. What is the operating cash flow for a sensitivity analysis using total fixed costs of $31,000

Answers

Answer:

$20,226

Explanation:

expected sales = 11,400 - 12,000 - 12,600

expected sales price = $7.20 - $7.50 - $7.80

expected variable cost = $3.072 - $3.20 - $3.328

total fixed costs = $31,000

if you use an excel spreadsheet you can calculate all the different possible simulations and combine all the expected sales x 3 different price levels x 3 different variable costs and 1 fixed cost. Once you get all the 27 possible solutions, you just get the average.

I attached it because there is no room here.

Byron Books Inc. recently reported $6 million of net income. Its EBIT was $12.6 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $6 million of net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.

Answers

Answer:

he35

Explanation:

h

As marketing tools, how do blogs benefit companies? A. Demographic information about customers can be easily discovered. B. Blogs can offer a fresh, original, personal, and cheap way to enter into consumer conversations. C. Blogs are online selling platforms for people located in hard-to-reach places. D. Blogs provide companies with a platform to help portray wider merchandise. E. Blogs help reach a wider audience compared to other online direct marketing tools.

Answers

Answer:

The correct answer to the following question will be Option B.

Explanation:

A blog seems to be a new website where items are frequently published being presented in reverse order, can give a new, initial, personal as well as inexpensive chance of engaging in conducting this survey.The benefit of utilizing a company blog though is that the content provides faith to your clients or clients to support you as well as your organization as such a professional in your specialized subject or area.

The other choices have no relation to the given circumstance. So choice B seems to be the perfect solution to that.

The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory $ 196,000 $ 280,000 Purchases 896,000 1,280,000 Freight-in 24,000 — Net markups — 80,000 Net markdowns — 56,000 Sales — 1,344,000 If the ending inventory is to be valued at approximately the lower of cost or market, what is the cost-to-retail ratio?

Answers

Answer:

$ 168,000

Explanation:

Include both Mark-ups and Mark-Downs and Exclude beginning inventory

When LIFO Inventory Method is used to find out Ending inventory retail Value. Cost to Retail Ratio will be Applied for both Previous year ending Inventory and the Current Year addition To Calculates

the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

The Essex Company found that an average of 10 days elapses between when customer payments are received and the deposited funds clear the customer's bank and become usable by the firm. Essex's annual sales are $240 million. (Assume 365 days per year when converting from annual data to daily data or vice versa.) What is the increase in Essex's average cash balance assuming that it can reduce the time required to process customer payments by 3 days through more efficient payment processing methods

Answers

Answer:

$1,972,602.74

Explanation:

According to the scenario, computation of the given data are as follow:-

Increase in Essex’s Average Cash Balance = (Annual Sales ÷ Days Per Year) × Required Process Customer by Days

= (240,000,000 ÷ 365) × 3

= 657,534.25 × 3

= $1,972,602.74

According to the analysis, Increase in Essex’s average cash balance is $1,972,602.74

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted) Units Work in process, November 1st 16,000 Started in production during November 100,000 Work in process, November 30th 24,000 The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,560; direct labor, $20,320; manufacturing overhead, $15,240. Costs incurred during the month: direct materials, $468,000; direct labor, $182,880; manufacturing overhead, $391,160. What is the equivalent unit cost for materials assuming Bentley uses first-in, first-out (FIFO) process costing?

Answers

Answer:

Material Cost per equivalent unit =$4.87

Explanation:

First in First  out (FIFO)methods separates completed units into fully worked and opening inventory

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For Bentley , fully worked units is

Fully worked = Newly introduced - closing work in progress

= 100,000- 24,000 =  76,000 .

Opening inventory = 16,000

Item                                          Units               Equivalent Units

Opening inventory                 16,000 × 40%=       9,600

Completed unit                      76,000 × 100% =     480,000

Closing inventory                   24,000 ×  90%   = 21,600

Total equivalent units                                             107,200

Cost per equivalent unit = Total cost/ equivalent inits

=  54560 +468,000/ 107,200 = $4.87

Material Cost per equivalent unit =$4.87

The equivalent unit cost for materials assuming Bentley uses first-in and first-out (FIFO) process costing:

For Bentley , fully worked units is

Fully worked = Newly introduced - closing work in progressFully worked= 100,000- 24,000 =  76,000 .

Opening inventory = 16,000

Item                                          Units               Equivalent Units

Opening inventory                 16,000 × 40%=       9,600

Completed unit                      76,000 × 100% =     480,000

Closing inventory                   24,000 ×  90%   = 21,600

Total equivalent units                                           107,200

Cost per equivalent unit = Total cost/ equivalent inits

Cost per equivalent unit=  54560 +468,000/ 107,200 = $4.87

The Material Cost per equivalent unit =$4.87.

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A company incurs $3,600,000 of overhead each year in three departments: Processing, Packaging, and Testing.

The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge.

The following data are available:

Department Expected Use of Driver Cost
Processing 800 $1,500,000
Packaging 200,000 1,500,000
Testing 2,000 600,000
Production information for the two products is as follows:

Oil Sludge
Department Expected Use of Driver Expected Use of Driver
Processing 300 500
Packaging 120,000 80,000
Testing 1,600 400

The amount of overhead assigned to Sludge using ABC is

a. $1,800,000.

b. $1,657,500.

c. $1,942,500.

d. $1,380,000.

Answers

Answer:

its 1,800,000

because it the answer

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