Explanation:
as the leader you would have to communicate the different responsibilities of the team. you have to give the overview of the design process that you intend to implore and then you give the team the direction on how to develop this present project and also monitor the processes towards its execution.
As the project manager, it is good that you let the team members know what their responsibilities are. And also let them in on the plan so that they can grasp what their responsibilities are.
In the liquidation of a partnership, any partner who has a capital deficiency Group of answer choices has a personal debt to the partnership for the amount of the deficiency. is automatically terminated as a partner. will receive a cash distribution only on the basis of his or her income-sharing ratio. is not obligated to make up the capital deficiency.
Answer: A. has a personal debt to the partnership for the amount of the deficiency
Explanation:
Partnership is a form of business whereby two or more people come together and manage an organization together.
Capital deficiency refers to when there's a debit balance in the capital account of a partner after the allocation of gain or loss.
In the liquidation of a partnership, any partner who has a capital deficiency has a personal debt to the partnership for the amount of the deficiency.
Variable $100,000 $ 25,000 Fixed 150,000 75,000 Total $250,000 $100,000 What is the initial selling price needed to obtain a target profit of $50,000 using the manufacturing cost markup method
Answer: $8.00
Explanation:
Details missing in question are:
These costs are for 50,000 units.
$250,000 is manufacturing cost. $100,000 is administrative cost.
The total manufacturing cost is shown to be $250,000 above.
A profit of $50,000 is needed in addition to this cost as well as the administrative cost of $100,000.
Total revenue expected is therefore:
= 250,000 + 100,000 + 50,000
= $400,000
50,000 units are to be sold so to make a revenue of $400,000, each unit should be sold for:
= 400,000 / 50,000
= $8.00
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method depreciation, and the bulldozer is expected to yield 26,500 operating hours.
Required:
(a) Calculate the depreciation expense per hour of operation.
(b) The bulldozer is operated 1,250 hours in the first year, 2,755 hours in the second year, and 1,225 hours in the third year of operations. Journalize the depreciation expense for each year.
Answer:
a. Depreciation expense per hour:
= (Cost - salvage value) / Expected operating hours
= (228,000 - 16,000) / 26,500
= $8 per hour
b. First year depreciation: Second year depreciation:
= 1,250 * 8 = 2,755 * 8
= $10,000 = $22,040
Third year depreciation:
= 1,225 * 8
= $9,800
Journal entries
Date Account Title Debit Credit
June 30, Year 1 Depreciation $10,000
Accumulated Depreciation $10,000
Date Account Title Debit Credit
June 30, Year 2 Depreciation $22,040
Accumulated Depreciation $22,040
Date Account Title Debit Credit
June 30, Year 3 Depreciation $9,800
Accumulated Depreciation $9,800
Nike has so far had $30,000,000 in losses at its shoe factory in Vietnam in 2017. The additional revenue that it will earn from producing an additional shoe is $100 while the additional cots incurred for that additional shoe is $99.99. Should Nike continue operations in that factory and produce that additional shoe
Answer: c. Yes, because the marginal revenue from producing the additional shoe is greater than the marginal costs.
Explanation:
When making financial decisions, companies abide by the principle of Sunk Costs. This means that money that has already been spent, should not have any effect on future financial decisions. The $30 million that has been lost already will therefore not be considered.
The only figures now are the additional cost and revenue. The additional revenue is more than the additional cost so this shoe should be produced because it brings in a profit of $0.01.
Navistar Trucking has adopted a new approach to capital budgeting. What is the fundamental way in which the new approach differs from the traditional approach
Answer:
They use a capital budgeting approach that has a bigger planning cycle, also focus is on shareholder value
Explanation:
Navistar Trucking adopted capital budgeting accounting system. This entails estimating if the price being paid for long term investments in projects and equipment is worthwhile.
Methods like internal rate of return, payback period, and net present value are used to assess value of investment.
Navistar trucking plans its capital budgeting in 5-10 years unlike traditional approach that does so every year.
Also focus is on increasing the value of shareholders over time.
Mutual fund A earned 10 percent while B earned 8 percent. The standard deviations of the returns were 10 percent and 7 percent, respectively. The risk free rate is 1%. According to the Sharpe ratio, which fund performed better
Answer:
Explanation:
The Sharpe ratio is given by:
(Return of portfolio - risk free rate) / standard deviation.
Company Company A Company B Forecasted return 7% 11% Standard deviation of returns 8% 23% Beta 1 3 The market risk premium is 6% and the risk-free rate is 3%. Using Capital Asset Pricing Model (CAPM), will you invest in the companies
Answer and Explanation:
The computation is shown below:
As we know that
Required rate of return = Risk Free Rate + Beta × (Market Return -Risk Free Rate)
For company A
= 3% + 1 × 6%
= 9%
For Company B
= 3% + 3 × 6%
= 21%
As we can see that the forecast return should be lower than the required return so we should not invest in company A also the same is done in company B too
Therefore we dont invest in any of the company
A legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company is called Group of answer choices a bond indenture. a bond debenture. trading on the equity. a term bond.
Answer:
a bond indenture
Explanation:
a bond debenture can be described as the legal contract of a bond
Features of a bond debenture
Reason why the bond was created the interest rate to earned the method by which interest is calculated Maturity datescovenantsa bond indenture is a legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company
ales $3,700 Current assets $4,500 Current liabilities $960 Costs 2,400 Fixed assets 5,200 Long-term debt 3,620 Taxable income $1,300 Equity 5,120 Taxes (21%) 273 Total $9,700 Total $9,700 Net income $1,027 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. What is the external financing needed
Answer:
$2,088
Explanation:
Calculation to determine the external financing needed
First step is to calculate the Addition to retained earnings
Sales $4,810
($3700*1.30)
Costs $3,120
($2,400*1.30)
Taxable income $1,690
($4,810-$3,120)
Taxes $355
($1,690*21%)
Net income $1,335
($1,690-$355)
Less:Dividends $801
($1,335*60%)
Addition to retained earnings $534
($1,335-$801)
Second step is to calculate the Total assets
Total assets=$9,700*1.30
Total assets=$12,610
Third step is to calculate the Total equity
Total equity =5,120+Addition to retained earnings
Total equity=5,120+$534
Total equity=$5,654
Fourth step is to calculate Current liabilities
Current liabilities =$960*1.30
Current liabilities=$1,248
Fifth step is to calculate the Total liabilities
Total liabilities=Current liabilities+Long term debt
Total liabilities=$1,248+$3,620
Total liabilities=$4,868
Now let determine the External financing needed
Using this formula
External financing needed=Total assets-(Total equity+Total liabilities)
Let plug in the formula
External financing needed=$12,610-($5,654+$4,868)
External financing needed=$12,610-$10,522
External financing needed=$2,088
Therefore the external financing needed is $2,088
Assume Peanut Butter and Jelly are two complement products. For both markets explain what happens for an increase in the Supply of Jelly to both the Peanut butter and Jelly markets.
Answer:
Complementary goods are goods that are consumed together
If the supply of Jelly increases, the supply curve for jelly shifts rightward. As a result of the rightward shift, price decreases and quantity increases.
Because jelly and peanut butter are complements, an increase in the supply leads to an increase in the supply of peanut butter.
the supply curve of peanut butter shifts outward also. As a result of the rightward shift, price decreases and quantity increases.
Explanation:
A complimentary service or product is one that is employed in connection with just another good or service. When ingested solo, the complement product is usually of little or no value. If a commodity has a positive connection with another product, it is considered complimentary.
The supply curve for jelly goes rightward as the supply of jelly increases. Price drops and quantity volume increases of the rightward shift. Because jelly and peanut butter complement one other, an increase in jelly availability leads to an increase in peanut butter supply. Peanut butter's supply curve is also shifting outward. Price decreases and quantity increases as a result of the rightward shift.
The cross-price elasticity of demand is equal to 2 and larger than 1, indicating that demand is elastic and positive since wheat and rice are complimentary items, and as the price of wheat rises, so does the demand for rice.
To know more about the complementary goods, refer to the link below:
https://brainly.com/question/1240785
All of the following assets require a title as proof of ownership, except: Group of answer choices Life insurance. Boat. Home. Vehicle.
Answer:
Life insurance.
Explanation:
A life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.
All of the following assets such as home, boat, vehicle require a title as proof of ownership, except a life insurance because no one person can present a proof to attest to the ownership of their life.
Simply stated, a life of an individual is abstract and as such can not be quantified or qualified by any document as a proof to be presented to another person or business entity. Thus, a life insurance cannot be used as a collateral to obtain credits or loans from a financial institution or investors.
A certain machine will have a cost of $25,000 (then $) six years from now. Find the PW of the machine if the real interest rate is 10% per year and the inflation rate is 5% per year using (a) constant-value dollars, and (b) then-current dollars.
Answer:
The Present Worth of the machine if the real interest rate is 10% per year and the inflation rate is 5% per year, using:
(a) constant-value dollars
= $10,518.60
(b) then-current dollars
= $10,818.65
Explanation:
a) Data and Calculations:
Cost a certain machine six years from now = $25,000
Time period = 6 years
Real interest rate = 10%
Inflation rate = 5%
Nominal interest rate = 5% (10% - 5%)
Discount factor at 10% for 6 years = 0.564
Discount factor at 5% for 6 years = 0.746
PW using:
a) Constant-value dollars = $18,650 ($25,000 * 0.746)
PW = $10,518.60 ($18,650 * 0.564)
b) Then-current dollars:
The nominal rate = 0.1 + 0.05 + (0.1 * 0.05) = 0.155
$10,818.65 ($25,000 * 0.432746)
Furniture, Inc., estimates the following number of mattress sales for the first four months of 2019: Month Sales January 29,000 February 40,800 March 34,600 April 36,200 Finished goods inventory at the end of December is 7,000 units. Target ending finished goods inventory is 20% of the next month's sales. How many mattresses need to be produced in January 2019?
Select one:
a. 27,800 mattresses
b. 41,800 mattresses
c. 30,160 mattresses
d. 44,160 mattresses
Answer:
c. 30,160 mattresses
Explanation:
At the beginning of January, we had 7,000 units as opening stock inventory( which was the ending inventory in December), which means out of the planned sales in January 7,000 units are already available
The balance of January sales to be produced in January is the excess of planned sales of 29,000 units over the beginning inventory of 9,000 units
January sales items to be produced in January=29000-7000
January sales items to be produced in January=22,000
Also, we need to produce 20% of February sales in January which would serve as the closing inventory
total production in January=22,000+(40,800*20%)
total production in January=. 30,160 mattresses
A farmer is considering the installation of a fuel storage system that will save $0.065 per gallon because the fuel can be purchased in bulk. The farmer uses about 20,000 gallons per year. The system will cost $10,000 to install. The annual operating and maintenance cost will be nothing in the first year but will increase by $25 each year thereafter. After ten years that the system will be used it will have a salvage value of $3,000. The Farmer
The farmer's cost of funds is 12%. What is the equivalent uniform annual benefit for the fuel storage system?Based on this analysis, should the farmer purchase the fuel storage?
Answer:
yes and because yes
Explanation:
Rye Company has provided the following information: Weighted average number of outstanding common shares, 192,000 Net income, $441,600 Number of authorized common shares, 390,000 Number of treasury shares, 23,000 If Rye has issued 215,000 shares, what is Rye's earnings per share (EPS)
Answer:
$2.30
Explanation:
Calculation to determine what is Rye's earnings per share (EPS)
Using this formula
Earnings per share = Net income ÷ Weighted average number of outstanding shares
Let plug in the formula
Earnings per share= $441,600 ÷ (215,000 shares issued - 23 000 shares in treasury)
Earnings per share= $441,600 ÷192,000
Earnings per share= $2.30
Therefore Rye's earnings per share (EPS) is $2.30
Suppose that the U.S. government decides to charge wine producers a tax. Before the tax, 40 billion bottles of wine were sold every year at a price of $7 per bottle. After the tax, 35 billion bottles of wine are sold every year; consumers pay $9 per bottle, and producers receive $6 per bottle (after paying the tax). The amount of the tax on a bottle of wine isper bottle. Of this amount, the burden that falls on consumers isper bottle, and the burden that falls on producers isper bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
Answer and Explanation:
The computation is shown below:
The amount of the tax for the wine bottle is
= $9 per bottle - $6 per bottle
= $3 per bottle
Before the tax, the price per bottle is $7 per bottle
The Tax burden on consumers is
= $9 - $7
= $2 per bottle
And, the tax burden on producers is
= $7 per bottle - $6 per bottle
= $1 per bottle
So, the given statement is false as the impact would remain the same whether it is for producer or consumer
Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July.
Units Unit Cost
July 1 Beginning Inventory 2,700 $47
July 5 Sold 1,350
July 13 Purchased 6,700 51
July 17 Sold 3,700
July 25 Purchased 8,700 57
July 27 Sold 5,700
Required:
Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (b) LIFO.
Answer:
Aircard Corporation
Perpetual Inventory System
FIFO LIFO
Ending Inventory = $418,950 $387,450
Cost of goods sold = $545,550 $577,050
Explanation:
a) Data and Calculations:
Date Transactions Units Unit Cost Total
July 1 Beginning Inventory 2,700 $47 $126,900
July 5 Sold (1,350)
July 13 Purchased 6,700 51 341,700
July 17 Sold (3,700)
July 25 Purchased 8,700 57 495,900
July 27 Sold (5,700)
July 31 Total available 18,100 $964,500
July 31 Total units sold (10,750)
July 31 Ending Inventory 7,350
FIFO:
Cost of Ending Inventory
Date Transactions Units Unit Cost Total Balance
July 1 Beginning Inventory 2,700 $47 $126,900 $126,900
July 5 Sold (1,350) $63,450
July 13 Purchased 6,700 51 341,700 405,150
July 17 Sold (3,700) 221,850
July 25 Purchased 8,700 57 495,900 717,750
July 27 Sold (5,700) 418,950
Ending Inventory = $418,950
Cost of goods sold = $545,550 ($964,500 -$418,950)
LIFO:
Cost of Ending Inventory
Date Transactions Units Unit Cost Total Balance
July 1 Beginning Inventory 2,700 $47 $126,900 $126,900
July 5 Sold (1,350) $63,450
July 13 Purchased 6,700 51 341,700 405,150
July 17 Sold (3,700) 216,450
July 25 Purchased 8,700 57 495,900 712,350
July 27 Sold (5,700) 387,450
Ending Inventory = $387,450
Cost of goods sold = $577,050 ($964,500 -$387,450)
On January 1, 20X8, Parent Company acquired 90 percent ownership of Subsidiary Corporation, at underlying book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of Subsidiary Corporation. On Mar 17, 20X8, Subsidiary purchased inventory from Parent for $90,000. Subsidiary sold the entire inventory to an unaffiliated company for $120,000 on November 21, 20X8. Parent had produced the inventory sold to Subsidiary for $62,000. The companies had no other transactions during 20X8.
Based on the information given above, what amount of sales will be reported in the 20X8 consolidated income statement?
a. $62,000
b. $120,000
c. $90,000
d. $58,000
Answer:
b. $120,000
Explanation:
The computation of the amount of sales will be reported in the 20X8 consolidated income statement is shown below;
= Total consolidated sales - Intra company sales
= $120,000 + $90,000 - $90,000
= $120,000
Hence, the amount of sales will be reported in the 20X8 consolidated income statement is $120,000
Therefore the option b is correct
Samantha Rose Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales made on credit, how much should be recorded as revenue
Answer:
$24,750
Explanation:
The computation of the amount that should be recorded is shown below"
Sales on account = $25,000
Credit term = 1/15, n/30
Sales discount rate = 1%
Now
Sales discount = Sales on account × Sales discount rate
= 25,000 × 1%
= $250
So,
Net sales = Sales- Sales discount
= $25,000 - $250
= $24,750
explain the three types of resources used in businesses
Answer:
The type of business in the production sector engaged in the processing of natural resources (animals and plants) is called an agrarian business. Types of business that are included in the agricultural sector (agriculture in the broadest sense) include rice fields, plantations, forestry, animal husbandry, and fisheries.
Explanation:
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Assume the credit terms offered to your firm by your suppliers are 2.7/5, Net 30. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30.
Answer: 49.02%
Explanation:
The cost of the trade credit will be calculated thus:
Amount when discount is availed will be: = 100-2.7 = 97.3
Discount rate = 2.7
Interest rate per period = 2.7/97.3 2.77%
Number of Days = 30-5 = 25
Therefore, the EAR will be calculated as:
= [(1+2.77%)^(365/25)] - 1
= 49.02%
If 20,000 units in ending inventory are 75% complete with respect to direct materials and 60% complete as to conversion costs, then the equivalent units of production for direct materials are ________ and for conversion costs are _________. The weighted-average method is used.A. 12,000 and 12,000B. 15,000 and 12,000C. 20,000 and 20,000D. 15,000 and 15,000
Answer:
B. 15,000 and 12,000
Explanation:
The computation of the equivalent units of production is given below;
For direct material
= 20,000 units × 75%
= 15,000 units
For conversion cost
= 20,000 × 60%
= 12,000 units
Hence, the option b is correct
So, the same should be considered
If a company selects either of Project 1 or Project 2 (or both), then either Project 3 or Project 4 (or both) must also be selected. Which of the following constraints enforce this condition?
a. X1 + X2 ≤ 2(X3 + X4)
b. X1 + X2 ≤ X3 + X4
c. X1 − X3 = X2 − X4
d. X1 + X2 + X3 + X4 ≤ 2
Answer:
b. X1 + X2 ≤ X3 + X4
Explanation:
b. X1 + X2 ≤ X3 + X4
The situation tells us that the sum of both 1 and 2 must be equal to the sum of 3 and 4 which is true, because if both projects 1& 2 are selected then the both projects 3 & 4 must also be selected.
The rest of the choices are wrong because
a. X1 + X2 ≤ 2(X3 + X4)
The sum of projects 1& 2 is not less than 2 times sum of projects 3 & 4 .
c. X1 − X3 = X2 − X4
If we leave project 3 then project 4 cannot be left out.
d. X1 + X2 + X3 + X4 ≤ 2
any two projects out of the four cannot be chosen. 1 must be chosen from 1&2 and the other from 3 &4.
Hugh is in charge of creating the value proposition for a new start-up company. In order for him to create an effective value proposition, what questions does he need to answer for a potential consumer
Answer:
Who is the target buyer for the offering, what is the offering to the buyer, why is the offering unique for the customer
Explanation:
Since in the given situation, it is mentioned that the hugh developed the value proposition for newly startup company so for developing the effective value proposition he need to answer the question for a consumer that involved about the target purchaser who is offering, the offering made to the buyer and the unique offering made to the customer
These 3 types of questions he need to answer
If a manager wanted to be sure that most of her/his employees would not be late, how much time would she/he suggest they allow for the commute if the average speed were 30 miles per hour
Answer:
13.5 , 15.1
Explanation:
Hypothesis testing is used to identify the mean for number of miles. 95% confidence interval is used with test statistics value. The test stats value is determined to identify the critical region where most of the population lies in. The 95% confidence interval mean is between 13.5 - 15.1
Finisher Inc. sells merchandise of $250,000 in 2020 that includes a three-year limited warranty. Warranty costs are estimated to be 1% of sales. The company incurred actual costs of $800 in 2020 related to the warranties. a. Record the warranty accrual at the time of sale in 2020. b. Record the adjustment to the warranty accrual for actual warranty costs in 2020.
Answer: See explanation
Explanation:
a. Record the warranty accrual at the time of sale in 2020.
Debit Warranty expense = $250,000 × 1% = $2,500
Credit Warranty Liability $2,500
(To record the warranty accrual)
b. Record the adjustment to the warranty accrual for actual warranty costs in 2020.
Debit Warranty Liability $800
Credit Cash and Payables $800
Winston Company reported net income of $50,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is Group of answer choices $40,000. $65,000. $49,000. $45,000.
Answer:
$65000
Explanation:
Below is the calculation:
To find the net cash from the operating activity, we are required to add depreciation, accounts payable and accounts receivables.
Net income of the company = $50000
Add- expenses of depreciation = 5000
Add - Increase in accounts payable = 3000
Add - Decrease in accounts receivable = $7000
Thus net cash from operating activity = 50000 + 5000 + 3000 + 7000 = $65000
Suppose net exports and net capital outflow are in equilibrium in a small open economy. If foreign governments adopt expansionary fiscal policy, in the small open economy the real exchange rate ____________ and net exports ____________. g
Answer:
the small open economy the real exchange rate DEPRECIATES and net exports INCREASE.
Explanation:
If the government adopts an expansionary monetary policy, then the country's currency will depreciate since a higher interest rate will result in a lower value according to the PPP thoery. When a currency depreciates, the exports become cheaper for foreign countries, so they increase. While the imports become more expensive and they decrease.
discuss the characteristics and importance of factors of production
Explanation:
The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship.
g The gross domestic product (GDP) is looking at the total production of goods and services that are produced within the United States economy. Examine what the GDP has done in the past 5 years in the United States. What does this indicator tell us about how the economy is doing
Answer and Explanation:
The gross domestic product(gdp) is the total market value of all goods and services produced in a country in a year.
The GDP growth rate of US in the last five years is as given below:
2016: 1.64%
2017: 2.37%
2018: 2.93%
2019: 2.16%
2020: -3.51%
2021 first quarter: 6.39%
From the above, we can see the growth rate of US GDP has grown steadily from 2016 until the year 2019 when there is a decline of 0.77% from the previous year. In 2020, the US GDP suffers a farther decline as a result of the coronavirus pandemic and has a negative growth rate of -3.5%. However in the first quarter of this year, the growth rate improves considerably, given new innovations and work from home(WFH) work arounds to tackle the challenges of the pandemic to the traditional workplace.
