Answer: 5.46 bins would be needed, so 6 bins for 350 bales of hay.
Explanation: Bales 350 bales have 9³ft each L=3×W=2×H=1.5 totals 3150³ft Bins L 12ft × W 8ft × H 6ft have 546³ft each 3150³ft ÷ 546³ft = 5.46875you can't buy half a bin, you would need 6 binsRedeker Company purchased equipment on January 1, 2016, for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life.
Required:
Compute the amount of depreciation expense for the year ended December 31, 2016, using the straight-line method of depreciation
Answer:
to the end of the sixth year;
b/ The number of years required before the capital stock exceeds $200 000.
If the straight-line method of depreciation were used in the given case, the amount of depreciation expense for the year ending December 31, 2016, would be $17,000.
What is the depreciation?Depreciation is the measurement for the decline in any assets because over time, wear, use, and tear, or devolution cause an asset's monetary value to drop.
Depreciation, or a decline in asset value, can be brought forward on by a variety of other variables, such as bad market conditions, etc.
Computation of depreciation:
According to the given case,
Equipment Cost = $90,000
Salvage Value = $5,000
Useful Life = 5 years
Depreciation per Year = (Cost of asset – Salvage Value)/5 years
Depreciation per Year = ($90,000-$5,000/5)
Depreciation per Year = $17,000
Therefore, the depreciation as per straight line method would be $17,000.
Learn more about the depreciation, refer to:
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For tax reasons, your client wishes to purchase an annuity that pays $60,000 each year for 11 years, with the first payment in one year. At an interest rate of 12% and focusing on time value of money without consideration of any fees, how much would the client need to invest now?
Equivalent problem structure (in neutral time-value-of-money terms): What is the present value of an annuity that pays $60,000 each year for 11 years, assuming a discount rate of 12% and the first payment occurs one year from now? Equivalent problem structure (as a borrower): How much could you borrow today in exchange for paying back $60,000 each year for 11 years, assuming an interest rate of 12% and the first payment occurs one year from now?
Answer:
$356,261.95
Explanation:
Interest rate per annum = 12%
No of years = 11
No of corresponding per annum = 1
Interest rate per period = 12% (12%/1)
No of period = 11
Payment per period = $60,000
1.12^11
Investment today = P * [1 - (1/(1+r)^n)]/r
Investment today = 60,000 * {1 - (1/(1+0.12)^11)] / 12%
Investment today = 60,000 * {1 - (1/3.47855) / 0.12
Investment today = 60,000 * {1 - 0.2874761) / 0.12
Investment today = 60,000 * 0.7125239/0.12
Investment today = 60,000 * 5.937699167
Investment today = 356261.95002
Investment today = $356,261.95
what are the types of enterpreneuship
Answer:
Explanation:Empreendedorismo Social.
Empreendedorismo de Negócios.
Empreendedorismo Corporativo ou Intraempreendedorismo.
Empreendedorismo Feminino.
Empreendedorismo Individual.
Empreendedorismo Verde.
Empreendedorismo Informal.
Empreendedorismo de Franquias.
Answer:
Small business entrepreneurship. A majority of businesses are small businesses. People interested in small business entrepreneurship are most likely to make a profit that supports their family and a modest ...
Large company entrepreneurship. Large company entrepreneurship is when a company has a finite amount of life cycles. ...
Scalable startup entrepreneurship. This kind of entrepreneurship is when entrepreneurs believe that their company can change the world.
Social entrepreneurship. An entrepreneur who wants to solve social problems with their products and services is in this category of entrepreneurship.
Innovative entrepreneurship. Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures.
Explanation:
Mainway Toy Company currently has 10,000 shares of common stock outstanding. Its management believes that its current stock price of $95 per share is too high. The company is planning to conduct stock splits in the ratio of 2 for 1 as described in the animation. If Mainway Toy Company declares a 2-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be ____________.
Answer:
$47.50
Explanation:
A stock split implies dividing the existing number of shares into multiples in order to enhance the liquidity of the firm's shares.
It is noteworthy that the stock split does not add any value to the existing stock account balance as well as paid in surplus account value since only the number of issued shares changed , values are kept constant.
share price after split=share price before split/stock split ratio
share price before split=$95
stock split ratio=2/1
share price after split=$95/2/1
share price after split=$95*1/2
share price after split=$47.50
Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Std. Hours or Quantity Std. Price or Rate Direct materials 3 pounds $0.75 per pound Direct labor 0.4 hours $12 per hour During March the laboratory performed 2,000 core tests. The following events occurred during March: 8,600 pounds of sand were purchased at a cost of $7,310. 7,200 pounds of sand were used for core tests. 840 actual direct labor hours were worked at a cost of $8,610. The direct material usage variance for March is:
Answer:
1200 U
Explanation:
Standard of material usage:
Material required 3 pounds per test
2000 core tests performed
Standard usage : 2,000 test * 3 pound per test = 6000 pounds
Actual usage of material = 7,200
Variance = 1,200 unfavorable.
Which of the following non-GAAP disclosures is LEAST LIKELY to create variance between GAAP and non-GAAP operating income:
a. Goodwill impairment
b. Inventory write down
c. Currency loss from closing of a foreign subsidiary
d. Gain on sale of an asset
Answer: c. Currency loss from closing of a foreign subsidiary.
Explanation:
GAAP refers to the industry standard and it gives a clear view of the operations of a business from a financial point of view. On the other hand, the non-GAAP disclosure deviates from the industry standard and in such case, adjustments are made to show company's operations.
The non-GAAP disclosures which is least likely to create variance between GAAP and non-GAAP operating income is the currency loss from closing of a foreign subsidiary.
suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielings on all building materials to keep the prices reasonable
Answer:
Shortages of building materials and a slower recovery from the storm
Explanation:
From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.
From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from
people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials
Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labon hours. Actual manufacturing overhead was $415,000, actual labor hours were 21,000. To dispose of the balance in the manufacturing overhead account, which of the following would be correct?
a. Cost of Goods sold would be credited for $5,000.
b. Cost of Goods Sold would be debited for $5,000.
c. Cost of Goods Sold would be credited for $15,000.
d. Cost of Goods Sold would be debited for $15,000.
Answer:
If overhead was overapplied, then the COGS should be debited overhead.
The correct answer is B.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 400,000 / 20,000
Predetermined manufacturing overhead rate= $20 per DLH
Now, we allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 20*21,000
Allocated MOH= $420,000
Finally, the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 415,000 - 420,000
Overapplied overhead= $5,000
If overhead was overapplied, then the COGS should be debited overhead.
Rizio Co. purchases a machine for $12,500, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. In moving the machine to its steel mounting, $180 in damages occurred. Also, $40 of materials is used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine. (Rizio pays for this machine within the cash discount period.)
Answer:
Cost recorded for this machine = $14,240
Explanation:
Particulars Amount
Invoice Price $12,500
Less: Cash Discount $250 (12,500*2%)
Net Purchase Price $12,250
Add: Transportation Costs $360
Add: Power Connections $895
Add: Assemble Cost $475
Add: Material used $40
Add: Repair $180
Add: Material used in adjusting $40
Amount to be capitalized $14,240
Note: The repair cost is included because it is incurred before machine is put in operation.
Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm’s direct labor includes salaries of consultants that work at the client’s job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 50,000 direct labor-hours would be required for the period’s estimated level of client service. The company also estimated $225,000 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm’s actual overhead cost for the year was $238,100 and its actual total direct labor was 53,100 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials $ 44,850 Direct labor cost $ 28,200 Direct labor hours worked 200 Compute the total job cost for the Xavier Company engagement.
Answer and Explanation:
The computation is shown below;
1. The predetermined overhead rate is
= $0.50 + ($225,000 ÷ 50,000 direct labor hours)
= $.50 + $4.5
= $5
2. The total job cost is
= $44,850 + $28,200 + 200 × $5
= $44,850 + $28,200 + $1,000
= $74,050
So in this way these can be calculated
Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites.
$ 19,500 4,900 WOod for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails 780 2,950 4,450 1,150 2,400 7,800 1,550 Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames 850 900 Required:
1. Determine the cost of direct material
2. Determine the cost of direct labor
3. Determine the cost of manufacturing overhead.
4. Determine the total manufacturing cost
5. Determine the total period cost.
6. Determine the total variable cost.
7. Determine the total fixed cost.
8. Determine the total prime cost.
9. Determine the total conversion cost
Answer:
Cartwell Inc.
1. Cost of direct material = $27,300
2. Cost of direct labor = $2,950
3. Cost of manufacturing overhead = $4,450
4. Total manufacturing cost = $34,700
5. Total period costs = $12,530
6. Total variable cost = $34,700
7. Total fixed cost = $12,530
8. Total prime cost = $30,250
9. Total conversion cost = $7,400
Explanation:
a) Data and Calculations:
Wood for frames $ 19,500
Rent for retail store 4,900
Depreciation on office equipment 780
Assembly worker wages 2,950
CEO's salary 4,450
Glue and nails 1,150
Online sales commissions 2,400
Glass for frames 7,800
Depreciation on factory equipment 1,550
Factory utilities 850
Stain for frames 900
1. Cost of direct materials:
Wood for frames $ 19,500
Glass for frames 7,800
Cost of direct materials = $27,300
2. Cost of direct labor:
Assembly worker wages $2,950
3. Cost of manufacturing overhead:
Glue and nails $1,150
Depreciation on factory equipment 1,550
Factory utilities 850
Stain for frames 900
Cost of manufacturing overhead = $4,450
4. Total manufacturing cost:
Cost of direct materials = $27,300
Cost of direct labor = 2,950
Manufacturing overhead = 4,450
Total manufacturing cost = $34,700
5. Total period costs:
Rent for retail store 4,900
Depreciation on office equipment 780
CEO's salary 4,450
Online sales commissions 2,400
Total period costs = $12,530
6. Total variable cost:
Wood for frames $ 19,500
Assembly worker wages 2,950
Glue and nails 1,150
Online sales commissions 2,400
Glass for frames 7,800
Stain for frames 900
Total variable cost = $34,700
7. Total fixed cost:
Rent for retail store 4,900
Depreciation on office equipment 780
CEO's salary 4,450
Depreciation on factory equipment 1,550
Factory utilities 850
Total fixed cost = $12,530
8. Total prime cost:
Cost of direct materials = $27,300
Cost of direct labor = 2,950
Total prime cost = $30,250
9. Total conversion cost:
Cost of direct labor = 2,950
Manufacturing overhead = 4,450
Total conversion cost = $7,400
The information below applies to a competitive firm that sells its output for $40 per unit.
• When the firm produces and sells 150 units of output, its average total cost is $24.50.
• When the firm produces and sells 151 units of output, its average total cost is $24.55.
How does the firm's marginal revenue (MR) compare to its marginal cost (MC) when it increases its output from 150 units to 151 units?
a. MR exceeds MC by $7.95.
b. MR exceeds MC by $11.05.
c. MC exceeds MR by $11.05.
d. MC exceeds MR by $13.50.
Answer:
A
Explanation:
Marginal cost is the change in total cost when output is increased by 1 unit
total cost = average cost x quantity
Marginal cost = (151 x 24.55) - (150 x 24.50) = 32.05
marginal
Jeff owns an American put option on 100 shares of ABC stock. The option has a strike price of $32.50 and a September expiration date. The stock has recently been declining in value, currently sells for $27.65 per share, and is expected to continue declining in value. Ignore all costs and taxes. If today is Wednesday, August 14, he: Group of answer choices
Answer: b. can exercise his option and earn a profit.
Explanation:
Put options make a profit when the underlying stock sells for less than the strike price of the option. Furthermore, an American put option can be sold at any time before the option expires.
Jeff can therefore exercise the put option and make a profit today of:
= (32.50 - 27.65) * 100 shares
= $485.00
A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2% and the T-Bond rate is 3%. What is the market risk premium
Answer:
3.4%
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
9.7 = 5.2 + 1.34(x - 5.2)
9.7 - 5.2 = 1.34(x - 5.2)
3.35 = x - 5.2
Year Nominal GDP Real GDP GDP Deflator (Dollars) (Base year 2016, dollars) 2016 2017 2018 From 2017 to 2018, nominal GDP , and real GDP. The inflation rate in 2018 was.
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
Answer:
Explanation:
The Real GDP is defined as the Nominal GDP minus the inflation effect.
Real GDP provides a more accurate picture of economic growth than nominal GDP because it uses constant prices, making comparisons between years more meaningful by allowing for comparisons of the actual volume of goods and services without considering inflation.
Let's say you bought apples at 5dollars per pound in 2015. Imagining a country of 1000 people and considering everyone bought a pound apples and only apples in that year, the GDP comes out to be 1000*5 = 5000 dollars.
Now let's say inflation rate is 10 percent in 2016 which will increase the price to 5.5 dollars per pound. Also, in one year, 10 more people were added to the country (No of births - No of deaths = New people in that year), this brings out total population to around 1010.
Also, let's say that the sale of apples remained the same, so the GDP of 2016 comes out to be 1000*5.5 = 5500 dollars.
That's a whooping 10% increase in GDP, right?
But here the catch.
The GDP increased not because the demand increased, but because the price of the good increased.
If we see at previous year's price (Not considering the inflation, also called Real GDP), the GDP is same which is 5000 dollars.
So, in reality, there isn't any increase in GDP.
Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 8.0 percent, what is the present value of this liability
Answer:
$202,701,713.58
Explanation:
Present value of this liability = Value of liability / ((1+r)^t)
Present value of this liability = $750 million / ((1+0.08)^17)
Present value of this liability = $750 million / (1.08)^17
Present value of this liability = $750 million / 3.7000180548
Present value of this liability = $202,701,713.5840815
Present value of this liability = $202,701,713.58
The technique for linking a manufacturer's operations with those of all its strategic suppliers and its key intermediaries and customers to enhance efficiency and effectiveness is
Supply chain management
Transaction-processing systems _____.
a. involve low volumes of data
b. require maximum human involvement
c. require extensive managerial judgment
d. involve operations that are repetitive
Answer:
d. involve operations that are repetitive
Explanation:
Transaction-processing systems can be defined as a system used by businesses to process their daily transactions by collecting, storing, modifying and retrieving of related data (informations). It's commonly used by businesses that deals with e-commerce (online transactions) and as such involves a request by a customer, an acknowledgement by the company, an action in response to the request and an output to the customer.
Transaction-processing systems involve operations that are repetitive.
_______ is best described as the process of transformation of an idea into a new product or process, or the modification and recombination of existing ones.
Answer: Invention
Explanation:
Invention simply refers to the process for transforming an idea into a new product or the modification and the recombination of existing ones.
Invention is the unique method, or process that's used in the creation of a product or may be an improvement on a product or machine that's already created.
An example of a good that is excludable is: _________
a) an outdoor sculpture visible from the street.
b) a television set.
c) broadcast television.
d) an aerial fireworks display.
Answer:
b) a television set
Explanation:
Excludable goods can be regarded as a s private goods, unlike non-excludable goods which are public goods. Instance of this is that
everyone can utilize public road, but going to cinema cannot be for everyone the way they please, this is because, ticket need to be bought to get access, as ticket is bought, this can excludes somebody else since there is because limited seat. It should be noted that good can be regarded as a excludable, in situation whereby supplier of that good successfully prevent individual that do not pay from consuming it. An example of a good that is excludable is television set
Company A, a British manufacturer, wishes to borrow US dollars at a fixed rate of interest. Company B, a US multinational, wishes to borrow sterling at a fixed rate of interest. They have been quoted the following rates per annum ( adjusted for differential tax effects):
Sterling US dollars
Company A 11.0% 7.0%
Company B 10.6% 6.2%
Design a swap that will net a bank, acting as intermediary, 10 basis points per annum and that will produce a gain of 15 basis points per annum for each of the two companies.
Answer:
Company b 11.0 % 7.o%
Explanation:
Is this ok
Early in the year,manager John Jacobs set reasonable,understandable,and measurable performance standards and communicated these standards clearly to all team members.Because of these efforts,he should be prepared for the next step in the appraisal process. The first two steps in performance appraisal are establishing performance standards and communicating them to subordinates.The third step is to evaluate performance,and if the first two steps are done correctly,this step is relatively easy.
A. True
B. False
Answer:
A. True
Explanation:
Performance evaluation of an employee should be based on his performance. He should be communicated with expected performance and then analysis should be done against standard and actual performance. When John Jacob has set performance standards and clearly communicates it to all team members the appraisal process would be relatively easy.
On April 2, Rolex SA sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 of sales was received on April 8 and the remaining payment on $16,000 of sales was received on April 27. Assuming Rolex uses the net method of accounting for sales discounts, the entry recorded on April 27 would include a:_____.
a. Debit to cash for $15,840.
b. Debit to revenue for $40,000.
c. Credit to sales discounts forfeited for $160.
d. Debit to accounts receivable for $400.
Answer:
c. Credit to sales discounts forfeited for $160.
Explanation:
Based on the information given the entry recorded on April 27 would include a: CREDIT TO SALES DISCOUNTS FORFEITED FOR $160
($16,000*1%=$160)
The journal entries are:
A. Dr Accounts receivable $160
Cr Sales Discount forfeited $160
B. Dr Cash $16,000
Cr Accounts receivable $16,000
Total assets were $78,000 and total liabilities were $42,000 at the beginning of the year. Net income for the year was $15,500, and dividends of $5,000 were declared and paid during the year.
Required:
Calculate total stockholders' equity at the end of the year.
Answer:
$46,500
Explanation:
Accounting equation is stated as :
Assets = Equity + Liabilities
therefore,
Equity = Assets - Liabilities
Equity at Beginning of the Period :
Equity = Assets - Liabilities
= $78,000 - $42,000
= $36,000
Equity at end of the Period
Closing Equity Balance = Opening Balance + Net Income - Dividends
= $36,000 + $15,500 - $5,000
= $46,500
The following information was available from the inventory records of Rich Company for January:
Units Unit Cost Total Cost
Balance at January 1 9,000 $9.77 $87,930
Purchases:
January 6 6,000 10.30 61,800
January 26 8,100 10.71 86,751
Sales:
January 7 (7,500)
January 31 (11,100)
Balance at January 31 4,500
A. Assuming that Rich does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?
a. $47,270.
b. $46,067.
c. $46,170.
d. $46,620.
B. Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?
a. $47,270.
b. $46,067.
c. $46,170.
d. $46,620.
Please EXPLAIN answer for a thumps-up. I'm tried of wrong answers, please don't answer it unless you are 100% sure.
Answer:
A. The correct option is b. $46,067.
B. The correct option is d. $46,620.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation of the answers is now given as follows:
A. Assuming that Rich does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?
Note: See part A of the attached excel file for the calculation of the of units and cost of goods available for sale.
Since Rich does not maintain perpetual inventory records, this implies that this is a periodic inventory system. And update to inventory in a periodic inventory system are made on a regular basis, such as monthly, quarterly, etc.
From the part A attached excel file, we have:
Units of goods available for sale = 23,100
Cost of goods available for sales = $236,481
Weighted-average cost per unit = Cost of goods available for sales / Units of goods available for sale = $236,481 / 23,100 = $10.2372727272727
Inventory at January 31 = Units of inventory balance at January 31 * Weighted-average cost per unit = 4,500 * $10.2372727272727 = $46,068
From the options the closest one is b. $46,067. Therefore, the inventory at January 31 is $46,067 and the correct option is b. $46,067.
B. Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?
Note: See part B of the attached excel file for the calculation of the inventory at January 31 (in bold red color).
Under Perpetual Inventory system, the inventory is updated whenever a purchase or sale is made. It's a procedure that happens in real time.
In the Part B of the attached excel file, the following rates in light red color are made as follows:
Rate on January 6 = ($87,930 + $61,800) / 15,000 = $9.98 per unit
Rate on January 26 = ($74,865 + 86,751) / 15,600 = $10.36 per unit
From the part B attached excel file, we have:
Inventory at January 31 = $46,620.
Therefore, the correct option is d. $46,620.
XYZ pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. Budgeted cost of materials purchases in July is $256,550 and $278,050 in Aug. Total budgeted cash disbursements for materials purchases in August is:______.
A) S265,150
B) $153,930
C) $166,830
D) S111,220
Answer:
$265,150
Explanation:
Cost of material purchases in July
= 256,550 × 60/100
= 256,550×0.6
= 153,930
Cost of purchases in August
= 278,050×40/100
= 278,050×0.4
= 111,220
Total cash disbursement
= 111,220+153,930
= $265,150
What is the present value of a 10-year annuity of $3,000 per period in which payments come at the beginning of each period
Answer: $18984.9
Explanation:
Your question isn't complete as you didn't give the interest rate. Let's assume that the interest rate is 12%.
Therefore, the present value will be:
= 3000 + 3000[1 - (1 + 0.12)^-10+1] / 0.12
= 3000 + (3000 × 5.3283)
= 3000 + 15984.9
= 18984.9
Therefore, the present value is $18984.9
Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 9,600,000 $ 26,000,000 Net operating income $ 672,000 $ 2,340,000 Average operating assets $ 3,200,000 $ 13,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16%. Compute the residual income for each division.
Answer and Explanation:
The computation is shown below;
a. The return on investment is
= Margin turnover
= Net operating income ÷ sales × sales ÷ average operating assets
For Osaka
= $672,000 ÷ $9,600,000 × $9,600,000 ÷ $3,200,000
= 21%
For Yokohama
= $2,340,000 ÷ $2,600,000 × $2,600,000 ÷ $13,000,000
= 18%
2. The residual income is
= Net operating income - (average operating assets × rate of return)
For Osaka
= $672,000 - ($3,200,000 × 16%)
= $160,000
For yokohama
= $2,340,000 - ($13,000,000 × 16%)
= $260,000
The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare the necessary closing entries from the available information at December 31.
Answer: See explanation
Explanation:
The necessary closing entries from the available information at December 31 will be calculated thus:
1. Dec 31
Dr Services Revenue $13000
Cr Income Summary $13000
2. Dec 31
Dr Income Summary $10000
Cr Wages expense $8400
Cr Rent expense $1600
3. Dec 31
Dr Income Summary = $13000 - $10000 = $3000
Cr D. Mai, Capital $3000
4. Dec 31
Dr D. Mai, Capital $800
Cr D. Mai, Withdrawals $800
Cho e hỏi các vấn đề của chuỗi cung ứng thực phẩm trong kinh doanh ẩm thực và cách khắc phục ạ
Mong mọi người giúp đỡ e ạ
Answer: Dưới nhu cầu thưởng thức các loại thực phẩm đa dạng, tươi ngon vào bất kỳ thời điểm nào trong năm, chuỗi cung ứng thực phẩm đã phải mở rộng hơn nhiều về mặt địa lý và buộc phải thông qua nhiều nhà cung cấp hơn. Điều này đã làm cho nghiệp vụ quản lý chuỗi cung ứng ngành thực phẩm trở nên cồng kềnh và phức tạp hơn bao giờ hết. Các nhà sản xuất, nhà phân phối hay các nhà cung cấp dịch vụ logistics theo đó cũng phải chịu những áp lực không nhỏ để đưa các sản phẩm thực phẩm ra thị trường một cách nhanh chóng, an toàn và trong điều kiện tốt nhất có thể. Một chuỗi cung ứng thực phẩm điển hình bao gồm sáu giai đoạn:
1. Tìm nguồn cung cấp nguyên liệu thô
2. Sản xuất
3. Chế biến và đóng gói
4. Lưu trữ
5. Phân phối bán buôn
6.Phân phối bán lẻ
Explanation:
1. Bên cạnh đó mọi vấn đề liên quan đến giá trị sản xuất đều gặp những khó khăn nhất định, một trong những vấn đề mà mọi doanh nghiệp hay cá nhân tham gia vào chuỗi cung ứng thực phẩm đều phải lo ngại về vấn đề ( Tìm nguồn cung cấp nguyên liệu thô). Vấn đề truy xuất và đảm bảo nguồn thực phẩm sạch là vấn đề cần cân nhắc đầu tiên, đi đôi đó là phải đảm bảo phù hợp với mô hình kinh doanh của doanh nghiệp, phù hợp với điều kiện kinh tế.
May mắn thay chúng ta đang sống ở thời đại 4.0 việc truy xuất nguồn gốc nguyên liệu đã không còn nhiều thách thách bởi việc áp dụng công nghệ vào việc truy xuất nguyên liệu rất dễ dàng ví dụ thông qua mã code, mã QR... bằng vài một thao tác đơn giản cũng có thể truy xuất nguồn gốc nguyên liệu nhanh, hiệu quả, tiết kiết chi phí đi lại xác minh. Vấn đề thứ hai là đảm bảo nguồn nguyên liệu thô được xử lý an toàn đã và đang ngày càng không còn là thách thức. Bởi việc ứng dụng công nghệ vào xử lý nguyên liệu thô vừa nhanh chóng, chính xác hiệu quả, ví dụ ngay từ khâu thu hoạch nguyên liệu thô các may móc đã hỗ trợ giúp đảm bảo nguồn nguyên liệu đầu vào đều và chính xác. Các khâu gieo trồng hay xử lý cũng được giúp ngắn và khoa học nhờ có ứng dụng công nghệ, khoa học. Nhưng đi bên cạnh là chi phí cao để đảm bảo chất lượng.
Bên cạnh đó việc xây dựng một mạng lưới về chuỗi cung ứng thực phẩm trong kinh doanh là một việc vô cùng quan trọng, quyết định sự phát triển của cả doanh nghiệp. Mặc dù là một loại công nghệ vẫn chưa được sử dụng rộng rãi trong ngành công nghiệp thực phẩm, nhưng blockchain được nhiều lãnh đạo coi là một công nghệ đầy hứa hẹn cho phép truy xuất nguồn gốc trong chuỗi cung ứng thực phẩm.
Công nghệ blockchain là một nền tảng số chung, nơi người dùng có thể lưu trữ và chia sẻ thông tin qua một mạng lưới tổng. Hệ thống này cho phép người dùng xem tất cả các giao dịch cùng một thời điểm trong thời gian thực. Một trong những lợi thế chính của blockchain là một khi thông tin được thêm vào hệ thống, thông tin đó sẽ được phân phối nội bộ trong mạng lưới và được lưu trữ cố định trong đó vĩnh viễn. Thông tin do vậy sẽ không thể bị tấn công, thao túng hoặc bị hư hại bởi bất kỳ cách nào.
2. Tiếp đó là thách thức chi phí vận hành chuỗi cung ứng tăng cao
Điều hành một chuỗi cung ứng thực phẩm sẽ tiêu tốn nhiều loại chi phí, một số chi phí quan trọng bao gồm: Chi phí điện và nhiên liệu, Chi phí logistics, vận chuyển hàng hóa , Chi phí nhân công , Chi phí đầu tư vào công nghệ mới
Những chi phí này rất đáng kể, do vậy, việc theo dõi chi phí hoạt động thường xuyên là một thách thức cho các doanh nghiệp ngành thực phẩm.
Cho nên giải pháp hữu hiệu nhất đó là Bước đầu tiên để kiểm soát chi phí là phải hiểu rõ các loại chi phí hiện có trong hoạt động doanh nghiệp. Trong các chuỗi cung ứng đơn giản, điều này có thể được thực hiện bằng các công cụ bảng tính. Nhưng ở nếu chuỗi cung ứng ngày càng trở nên phức tạp, doanh nghiệp sẽ cần một giải pháp công nghệ. Doanh nghiệp nên nâng cấp công nghệ của mình, những công việc như gửi tệp bảng tính qua email hay gọi điện báo tin cần được loại bỏ.
Một lưu ý khác là nếu các lãnh đạo quá quan tâm đến việc tiết kiệm chi phí thì tính hiệu quả và sự phát triển lâu dài của doanh nghiệp có thể bị kìm hãm. Một giải pháp công nghệ “đắt tiền”, ví dụ đó là đẩy mạnh mảng truyền trông marketing sản phảm, xâm nhập thị trường khôn ngoan bằng công nghệ mới, mặt hàng mới tác dụng mới, có thể mang lại lợi tức đầu tư đáng kể và tiết kiệm rất nhiều loại chi phí về lâu dài. Từ đó, doanh nghiệp vận hành hiệu quả và trở nên hấp dẫn hơn trong mắt các khách hàng.
Trên đây là những vấn đề cơ bản mà mình nghĩ sẽ giúp ích cho bạn từ kinh nghiệp của bản thân cũng như những kinh nghiệm mà mình học hỏi được. Mong rằng sẽ giúp ích cho bạn. Mình chỉ muốn khuyên là hãy trở thành nhà đầu tư, kinh doanh khôn ngoan, sáng tạo.
