Explanation:
a. Describe an important decision in your academic or personal life that you will have to make in the near future.
An important decision for all people is to choose which professional career to follow, since there are people with different skills, which can cause some difficulty in choosing which academic course to follow.
It is essential that the student does research on the professions that are most consistent with their profile, it is important to read about the functions of each profession, take vocational tests, talk to other professionals, etc., so that their decision is more effective.
b. Using the five-step decision-making approach , analyze your decision and conclude with your "best" choice.
1- Identify your goals: In choosing a professional career, identifying your life goals is essential to set more achievable goals and stay focused.
2- Gather information: The more you research about the career options you intend to pursue, the easier it will be to understand the aspects that will lead to a successful decision. It is important to gather information from different sources, through internet searches, books, conversations with other workers, etc.
3- Check the consequences: This step is important for the individual to be able to see his decision in a broad sense, from the positive and negative aspects that every profession has, and thus analyze whether he will be able to deal with all of them in the best way.
4- Make the decision: In the penultimate stage the decision is made, so far you have already gathered essential information that will lead you to the decision. In the example of career choice, the decision is extremely important and can impact a person's entire life, so it is common for doubts and uncertainties to arise from the decision.
5- Evaluation of the decision: This is the step that will assist in the realization of a good decision, as in the correction of problems and development of skills that contribute to make your decision the best possible and in line with your objectives.
A growing trend to "Buy American" may encourage law makers to increase political pressure for Washington to pass legislation for more restrictive quotas on Japanese car imports. In addition, a decline in the value of the US dollar would be instrumental in Toyota’s decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan. If Toyota builds a plant, it’s decision would effect...
Answer: positive result from regulatory and economic environmental forces.
Explanation:
Based on the information given, if Toyota builds a plant, then the decision would reflect positive result from the regulatory and economic environmental forces.
The regulatory forces depend impact how an organization will operate. It is part of the external marketing environment of a company whereby the political efforts has an affect on a company's marketing effort.
In this case, since there is a growing trend to "Buy American", if Toyota builds a plant, rather than importing, it'll represent positive result from regulatory and economic environmental forces.
Snowy Mountain Financial Advisors is a network of branches providing investing and financial advising services. It discloses that it uses a balanced scorecard with the following six performance measures.
Required:
Link the measures to the perspective number(s) of the balanced scorecard.
Perspective
1. Financial
2. Customer
3. Learning and growth
4. Internal business processed
Procedure Measure Prespective number
Market share
Regulatory compliance
New cutomer refresh from existing customer
Order errors
Brach profit
Answer:
Financial : market share and Branch profit Customer : New customer referrals from existing customer Learning and Growth : Not available on the score card Internal business processed : Regulatory compliance, Order errorsExplanation:
Linking the measures to the perspective number(s) of the balanced scorecard
Financial : market share and Branch profit Customer : New customer referrals from existing customer Learning and Growth : Not available on the score card Internal business processed : Regulatory compliance, Order errorsThe Market share is simply a portion of the general market that is been controlled by a product or organization
New customer referrals form existing customers is one way a company can get new and returning customers to patronize them
Regulatory compliance and order errors is been handled by the management of the business
Skysong Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch. 3,800 ounces of grape concentrate at $0.07 per ounce 54 pounds of granulated sugar at $0.45 per pound 60 lemons at $0.70 each 150 yeast tablets at $0.28 each 200 nutrient tablets at $0.17 each 1,900 ounces of water at $0.005 per ounce Skysong estimates that 5% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used. Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.) Standard Cost Per Gallon $
Answer:
Skysong Itzek
Standard Cost Per Gallon = $8.36
Explanation:
a) Data and Calculations:
Requirements for the production of a 50-gallon batch:
Materials Quantity Price Total costs
Ounces of grape concentrate 3,800 $0.07/ounce $266.00
Pounds of granulated sugar 54 $0.45/pound 24.30
Lemons 60 $0.70 each 42.00
Tablets of yeast 150 $0.28 each 42.00
Tablets of nutrient 200 $0.17 each 34.00
Ounces of water 1,900 $0.005/ounce 9.50
Total costs $417.80
Standard cost per unit = Total material costs/Batch Quantity
= $417.80/50 = $8.36
b) Since the estimated wastages of grape concentrate, sugar, and lemons are of no further use, the full costs of the direct materials are used in determining the standard cost. The standard cost is, therefore, equal to the total material costs divided by the batch quantity.
They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs."
Adam Smith statement would best support what economic concept in the US economy?
increase the nation’s wealth with Mercantilism
providing its citizens with public works
a nation has to be safe.
to protect the economic freedom of all of its citizens
Answer: to protect the economic freedom of all of its citizens
Explanation:
The above quote by Adam Smith was him criticizing the common practice in those days of nations trying to control the spending habits of their citizens by passing restrictive laws and limiting the importation and production of certain goods and services.
It would therefore support the U.S. policy of protecting the economic freedom of her citizens such that they may trade whatever it is that they want - so long as it is legal - without restrictions by the government.
Suppose you trade dollars and euros for a bank that has branches in Los Angeles and Frankfurt. You can electronically transfer the funds between the two branch locations at no cost, and trading commissions are negligible. The current dollar-per-euro exchange rate in Los Angeles is E$/EURLA=1.5653 , while in Frankfurt, it is E$/EURFR=1.586.
You can make a profit for the bank if you buy euros in _______ and sell them in _________.
Answer:
Explanation:
Profit will be made by you for the bank if you buy the Euros in Los Angeles, and sell the Euros to customers in Frankfurt...
Buying in Los Angeles comes at a price of $1 = €1.5653, then going ahead to sell in Frankfurt means you get to sell it at a rate of $1 = €1.586
Although this is a very tiny difference, of 0.0207. The reality is that when you're doing a lot of tradings that involves currency, you tend to see the profit. If for example, a total of $1 million is traded, then the profit would be $20700, which we all can attest to the fact that it's a lot of money.
Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8%. Interest is payable in full at maturity on October 31, 2022. Related to this note, Qwest should report interest payable at December 31, 2021, in the amount of: (Round your final answers to the nearest whole dollar.) Multiple Choice $39,920. $33,267. None of these answer choices are correct. $6,653. $26,613.
Answer:
Interest Payable - 2021 = $6653.33 rounded off to 6653
Explanation:
The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.
Interest Payable - 2021 = 499000 * 8% * 2/12
Interest Payable - 2021 = $6653.33 rounded off to 6653
Which of the following statements about using dramatics in a sales presentation is most likely true? Using dramatic demonstrations fails to set a salesperson apart from the majority of other salespeople. A salesperson's own uncertainty about the use of dramatics increases the positive impact on the prospect. A theatrical movie showing the history of the company is an example of dramatization. Dramatics should be incorporated into all sales presentations due to their success rate. Television commercials are a source of ideas for dramatizations.
Answer:
Television commercials are a source of ideas for dramatizations.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
Basically, marketing comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
A sales presentation can be defined as series of talk given by a salesperson with the attempt to persuade someone or a potential customer to buy a particular product, by giving information it. Some salespersons resort to the use of dramatics so as to initiate and close the sale of a particular product by engaging in series of theatrical actions.
Hence, the statement about using dramatics in a sales presentation which is most likely true is that, television commercials are a source of ideas for dramatizations because various actions are performed with the intent to promote the purchase of a product.
Shantel is trying to implement the use of data bars on a report that she created. She has selected the Conditional Formatting Rules Manager dialog box. What should she do next?
Edit a rule.
Create a rule.
Close the dialog box.
View the data bars.
Answer:
C
Explanation:
Answer:
b
Explanation:
b. Create a rule
Match each of the following terms with the correct definition:
a. additional paid-in capital
b. issued and outstanding
c. retained earnings
d. treasury stock
e. authorized share capital
f. par value
Correct Definitions:
A. The price at which each share is recorded in the company’sbooks
B. Held by investors
C. Cumulative amount of profits that have been plowed back
D. The difference between the amount of cash raised by anequity issue and the par value of the issue
E. The maximum number of shares that can be issued withoutshareholder approval
F. The amount that the company has spent
Which of the following is TRUE regarding omni-channel buyers?
Incomplete question. The missing options read:
A. They shift easily across online and in-store channels.
B. They always shop in-store channels, then order online.
C. They prefer the online environment.
D. They purchase online but tend to purchase more in-store.
Answer:
A. They shift easily across online and in-store channels.
Explanation:
Indeed, these types of buyers do not have one preferred channel of making purchasing. Hence, companies who are aware of this employ the omnichannel strategy so as to satisfy the wants of their customers.
For example, a smartphone company would would make its smartphones not only in physical stores but also in online stores.
There is a large transportation network in order to get from the point of manufacture to the point of sale
Answer:
True
Explanation:
It is TRUE that there is an extensive transportation network to get from the point of manufacture to the end of the sale.
After the product is manufactured in the factory, it will go through or bought by different wholesalers who will have to sell to a group of retailers, all in various places, before being sold to final consumers.
In most cases, there is usually a long list of retailers before the goods reached the final consumers. This movement of goods between all the stakeholders involved can go through various locations, states, or regions before it finally gets consumed.
Hence, in this case, the correct answer is "TRUE."
Riverbed Inc., had the following condensed balance sheet at the end of operations for 2019. RIVERBED INC.
BALANCE SHEET
DECEMBER 31, 2019
Cash $8,600 Current liabilities $15,000
Current assets other than cash 28,800 Long-term notes payable 25,600
Equity invesments 19,900 Bonds payable 25,000
Plant assets (net) 67,800 Common stock 75,000
Land 40,200 Retained earnings 24,700
$165,300 $165,300
During 2020, the following occurred.
1. A tract of land was purchased for $9,000.
2. Bonds payable in the amount of $15,000 were redeemed at par.
3. An additional $10,000 in common stock was issued at par.
4. Dividends totaling $9,400 were paid to stockholders.
5. Net income was $30,500 after allowing depreciation of $13,700.
6. Land was purchased through the issuance of $22,300 in bonds.
7. Riverbed Inc. sold part of its investment portfolio for $12,800. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2020.
8. Both current assets (other than cash) and current liabilities remained at the same amount.
A. Prepare a statement of cash flows for 2014 using the indirect method.
B. Prepare the condensed balance sheet for Jobim Inc. as it would appear at December 31, 2014
Answer:
Riverbed Inc.
A. RIVERBED INC.
STATEMENT OF CASH FLOWS
DECEMBER 31, 2020
Operating activities:
Net income $30,500
Depreciation expense 13,700
Gain from investment (2,000)
Cash from operations $42,200
No changes in working capital
Net cash from operations $42,200
Investing activities:
Sale of equity investment 12,800
Purchase of land (9,000)
Financing activities:
Bonds payable (15,000)
Bonds payable 22,300
Common stock issued 10,000
Dividends paid (9,400)
Net cash from financing 7,900
Net cash flows $53,900
B. RIVERBED INC.
BALANCE SHEET
DECEMBER 31, 2020
Cash $62,500 Current liabilities $15,000
Current assets other than cash 28,800 Long-term notes payable 25,600
Equity investments 9,100 Bonds payable 32,300
Plant assets (net) 54,100 Common stock 85,000
Land 49,200 Retained earnings 45,800
$203,700 $203,700
Explanation:
a) Data and Calculations:
RIVERBED INC.
BALANCE SHEET
DECEMBER 31, 2019
Cash $8,600 Current liabilities $15,000
Current assets other than cash 28,800 Long-term notes payable 25,600
Equity investments 19,900 Bonds payable 25,000
Plant assets (net) 67,800 Common stock 75,000
Land 40,200 Retained earnings 24,700
$165,300 $165,300
Transactions during 2020:
1. Land $9,000 Cash $9,000
2. Bonds payable $15,000 Cash $15,000
3. Cash $10,000 Common stock $10,000
4. Dividends $9,400 Cash $9,400
6. Cash $22,300 Bonds $22,300
7. Cash $12,800 Investment $10,800 Gain from investments $2,000
Non-cash items:
5. Net income $30,500
Depreciation expense $13,700
Gain from investment (2,000)
Cash from operations $42,200
Retained earnings 24,700
Net income 30,500
Dividends (9,400)
Retained earnings 45,800
Cash balance:
Beginning balance $8,600
Cash from operations 42,200
Land (9,000)
Bonds repaid (15,000)
Common stock 10,000
Dividends paid (9,400)
Bonds issued 22,300
Investment sold 12,800
Ending balance $62,500
Always accept a job offer before discussing its salary and benefits.
Answer:
Acepting he job before getting inforamtion about it is not a good way to geta job. That is how you get a bad job that doesnt have a good salary or many beefits.
Sorry for the spelling erros my computer is not working correctly
The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,500 4,100 Sales revenue $ 69,750 $ 63,550 Cost of goods sold 41,700 38,000 Gross margin 28,050 25,550 General, selling, and administrative expenses 17,500 16,300 Net income $ 10,550 $ 9,250 Assuming that cost behavior did not change over the two-year period, what is Li Company's contribution margin in Year 2?
Answer:
$13,325
Explanation:
Calculation to determine Li Company's contribution margin in Year 2
First step is to calculate the Variable cost per unit
Using this formula
Variable cost per unit = Change in costs ÷ Change in activity Cost of goods sold
Let plug in the formula
Variable cost per unit = (41,700 − 38,000) ÷ (4,500 units − 4,100 units)
Variable cost per unit =3,700/400
Variable cost per unit = $9.25 per unit
Second step is to calculate the Selling and administrative expense
Variable cost per unit = (17,500- 16,300) ÷ (4,500 units − 4,100 units)
Variable cost per unit =1,200/400 units
Variable cost per unit = $3.00 per unit
Now let calculate the Contribution margin in Year 2
Using this formula
Contribution margin = Sales revenue − Variable costs
Let plug in the formula
Contribution margin= $ 63,550 − [4,100 units × ($9.25 per unit + $3.00 per unit)]
Contribution margin=$ 63,550-(4,100 units×$12.25)
Contribution margin=$ 63,550-$50,225
Contribution margin = $13,325
Therefore Li Company's contribution margin in Year 2 is $13,325
Skyler Manufacturing recorded operating data for its shoe division for the year. Sales $4,500,000 Contribution margin 500,000 Controllable fixed costs 200,000 Average total operating assets 900,000 How much is controllable margin for the year
Answer:
Controllable margin= $300,000
Controllable margin in %= 33.3%
Explanation:
Controllable margin is sales revenue less controllable variable costs and fixed cost.
Controllable margin= Sales revenue - controllable variable cost - controllable fixed costs
Controllable margin= contribution margin - fixed costs
= 500,000 - 200,000= 300,000
Controllable margin in %= 300,000/900,000 × 100 =33.3%
Controllable margin in %= 33.3
Arlington Clothing, Inc., shows the following information for its two divisions for year 1.
Lake Region Coastal Region
Sales revenue $4,020,000 $13,110,000
Cost of sales 2,625,000 6,470,000
Allocated corporate overhead 241,200 786,600
Other general and administration 548,900 3,710,000
The results for year 2 have just been posted.
Lake Region Coastal Region
Sales revenue $4,020,000 $9,520,000
Cost of sales 2,625,000 4,840,000
Allocated corporate overhead 301,500 714,000
Other general and administration 549,000 3,710,000
Required:
a. Compute divisional operating income for the two divisions.
b. What are the gross margin and operating margin percentages for both divisions?
Answer: See explanation
Explanation:
a. Compute divisional operating income for the two divisions.
For Lake region:
Sales: = $4,020,000
Less: cost of goods sold = $2,625,000
Gross margin = $1,395,000
Less: Allocated corporate overhead = $301,500
Less: Other general and administration = $549,000
Operating income = $544500
For Coastal Region:
Sales: = $9,520,000
Less: cost of goods sold = $4,840,000
Gross margin = $4,680,000
Less: Allocated corporate overhead = $714,000
Less: Other general and administration = $3,710,000
Operating income = $256000
b. What are the gross margin and operating margin percentages for both divisions?
Gross margin percentage for Lake region:
= Gross margin/Sales
= $1,395,000/$4,020,000 × 100
= 34.7%
Gross margin percentage for Coastal region
= Gross margin/Sales
= $4,680,000/$9,520,000 × 100
= 49.2%
Operating margin percentage for Lake region
= Operating income / Sales × 100
= $544500/$4,020,000 × 100.
= 13.5%
Operating margin percentage for Coastal region
= $256000/$9,520,000 × 100
= 2.69%
Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty loss in 2020 (the loss occurred in a Federally declared disaster area). He expects $12,000 of the medical expenses and $14,000 of the casualty loss to be reimbursed by insurance companies in 2021. Before considering any limitations on these deductions, how much can Jayden include in determining his itemized deductions for 2020
Answer:
$16,000;$6,000
Explanation:
Calculation to determine how much can Jayden include in determining his itemized deductions for 2020
Based on the information given he can include $16,000 of the medical expenses amount paid and $6,000 calculated as ($20,000-$14,000) of the casualty loss amount when determining his itemized deductions for the year 2020.
Therefore the amount he can include in determining his itemized deductions for 2020 are :$16,000;$6,000
Whispering Company is planning to produce 1,100 units of product in 2020. Each unit requires 2.60 pounds of materials at $4.80 per pound and a half-hour of labor at $14.00 per hour. The overhead rate is 90% of direct labor. (a) Compute the budgeted amounts for 2020 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor $ Overhead $ (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost $
Answer:
Explanation:
a. The answer to question (a) goes thus:
Direct materials will be:
= (1,100 × $2.60) × $4.80
= $13,728
Direct labor will be:
= (1,100 × 1/2) × $14.00
= $7,700
Overhead will be:
= $7,700 × 90%
= $7700 × 0.9
= $6,930
b. The standard cost of one unit of product will be calculated as follows:
Direct materials = ($2.60 × $4.80) = $12.48
Add: Direct labor (1/2 × $14.00) = $7.00
Add: Overhead = ($7.00 × 90%) = $6.30
Standard cost = $12.48 + $7.00 + $6.30 = $25.78
In October, Pine Company reports 18,200 actual direct labor hours, and it incurs $217,000 of manufacturing overhead costs. Standard hours allowed for the work done is 21,700 hours. The predetermined overhead rate is $10.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.45 variable per direct labor hour and $43,100 fixed.
Required:
Compute the overhead controllable variance.
Answer:
$7,295 ( favourable)
Explanation:
According to the scenario, computation of the given data are as follows,
Actual direct labor hours = 18,200
Manufacturing OH cost = $217,000
Standard hours allowed = 21,700
Budgeted cost = $8.45
Budgeted fixed cost = $43,100
So, we can calculate overhead controllable variance by using following formula,
Overhead controllable variance = Budgeted OH (actual ) - Actual manufacturing Overhead
Where, Budgeted OH (actual ) = (21,700 × $8.35) + $43,100 = $224,295
By putting the value in the formula, we get
Overhead controllable variance = $224,295 - $217,000
= $7,295 ( favourable)
Flychucker Corporation is evaluating an extra dividend versus a share repurchase. In either case $14,000 would be spent. Current earnings are $2.00 per share, and the stock currently sells for $50 per share. There are 2,000 shares outstanding. Ignore taxes and other imperfections. a. Evaluate the two alternatives in terms of the effect on the price per share of the stock and shareholder wealth per share
Answer:
hereeeeeeeeeeeeeeeee
Flychucker Corporation is evaluating an extra dividend versus a share Alternative 1 Extra dividend Price per share 43.00-50-14000/2000 Shareholder wealth $50.00
What is corporate?A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
Alternative 2 Repurchase Price per share Shareholder wealth $ 50.00 Corporation is evaluating an extra dividend versus a share Alternative 1 Extra dividend Price per share 43.00-50-14000/2000 Shareholder wealth $50.00
Therefore, Flychucker Corporation is evaluating an extra dividend versus a share of Alternative
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Alternative 2 Repurchase Price per share Shareholder wealth $ 50.00
Use the drop-down menu to select the qualification best demonstrated in each example. Virgil is on time every day to his job as a Packaging Machine Operator. Lily analyzes a product's supply chain to identify ways to make it more efficient. Chase manages shipping schedules so products are sent on time. Zaida helps another worker get products ready for shipping.
Answer:
Dependability, critical-thinking skills, organizational skills, and teamwork.
Explanation:
I got it right.
Answer:
Noting here you answer is UP there ↑↑↑↑
Explanation:
Why is it important to reconcile your bank statements?
Answer:
hen you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.
Explanation:
Answer:
When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.
what happens in your retirement if you have a lapse in your years of work history?
Your monthly benefit will be lower
A lapse in your years of work history refers, There are generally the four ways by which we can handle it, various points are as leave it where it is, and the second point refers that, roll it over an ira.
What is employment?In most cases, employment refers to the status of having a paid job—of being employed. Employing someone is paying them to work. Employees are employed by an employer. Employment can also refer to the act of hiring individuals, as in We're trying to hire more women.
The employment lapse refers that, The working period of an employee and, The commencing of the individual's termination from the service date. He can continue to begin the performance services as an employee.
Therefore. As a result, The ends of the benefits, or the privileges are been applicable under a policy.
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advantages and disadvantages of proxemics
Answer:
Advantage::
it allows people to understand how different communities organise there Town and homes
The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows:
Year Wind Turbines Biofuel Equipment
1 $280,000 $300,000
2 280,000 300,000
3 280,000 300,000
4 280,000 300,000
The wind turbines require an investment of $887,600, while the biofuel equipment requires an investment of $911,100. No residual value is expected from either project.
Present Value of an Annuity of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 1.833 1.736 1.690 1.626 1.528
3 2.673 2.487 2.402 2.283 2.106
4 3.465 3.170 3.037 2.855 2.589
5 4.212 3.791 3.605 3.353 2.991
6 4.917 4.355 4.111 3.785 3.326
7 5.582 4.868 4.564 4.160 3.605
8 6.210 5.335 4.968 4.487 3.837
9 6.802 5.759 5.328 4.772 4.031
10 7.360 6.145 5.650 5.019 4.192
1a. Compute the net present value for each project. Use a rate of 6% and the present value of an annuity of $1 in the table above.
1b. Compute a present value index for each project.
2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above.
Answer:
Wind turbine
NPV = $82,629.57
IRR = 10%
PVI = 1.09
Biofuel
NPV = $128,431.68
IRR = 12%
PVI = 1.14
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
NPV and IRR can be calculated using a financial calculator
Wind Turbine
Cash flow in year 0 = $-887,600,
Cash flow in year 1 - 4 = 280,000
I = 6%
NPV = $82,629.57
IRR = 10%
Biofuel
Cash flow in year 0 = $-911,100
Cash flow in year 1 - 4 = $300,000
I = 6%
NPV = $128,431.68
IRR = 12%
present value index = 1 + (NPV / initial cost of the the project)
Wind turbine
1 + ($82,629.57 / $-887,600 = 1.09
Biofuel
1 + ( $128,431.68 / $911,100) = 1.14
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Sound Tek Inc. manufactures electronic stereo equipment. The manufacturing process includes printed circuit (PC) board assembly, final assembly, testing, and shipping. In the PC board assembly operation, a number of individuals are responsible for assembling electronic components into printed circuit boards. Each operator is responsible for soldering components according to a given set of instructions. Operators work on batches of 50 printed circuit boards. Each board requires 4 minutes of board assembly time. After each batch is completed, the operator moves the assembled boards to the final assembly area. This move takes 12 minutes to complete. The final assembly for each stereo unit requires 20 minutes and is also done in batches of 50 units. A batch of 50 stereos is moved into the test building, which is across the street. The move takes 20 minutes. Before conducting the test, the test equipment must be set up for the particular stereo model. The test setup requires 30 minutes. The units wait while the setup is performed. In the final test, the 50-unit batch is tested one at a time. Each test requires 9 minutes. The completed batch, after all testing, is sent to shipping for packaging and final shipment to customers. A complete batch of 50 units is sent from testing to shipping. The Shipping Department is located next to testing. Thus, there is no move time between these two operations. Packaging and labeling requires 12 minutes per unit.
Required:
Determine the amount of value-added and non-value-added lead time and the value-added ratio in this process for an average stereo unit in a batch of 45 units.
Answer:
A. 45
B.2,235
C. 1.9%
Explanation:
A. Calculation to determine the amount of value-added
VALUE ADDED TIME
PC board Assembly 4
Final Assembly 20
Testing 9
Packaging and labeling 12
Total Value added time 45
Therefore the amount of value-added is 45
B. Calculation to determine non-value-added lead time
NON-VALUE-ADDED LEAD TIME
Wait time for non added value 2,205
[45*(50-1)]
Add Test set up time 30
Wait time 2,235
Therefore The non-value-added lead time is 2,235
C. Calculation to determine the value-added ratio
Value added time 45
Non value added lead time:
Wait time lead time 2,235
Move time lead time 32
(12+20)
Total lead time 2,312
Value added ratio 1.9%
(45/2312*100)
Therefore the value-added ratio is 1.9%
A firm is about to begin pilot plant operation on a process it has developed. One item of optional equipment that could be obtained is a heat exchanger unit. The company finds that a unit now available for $30,000 could be used in other company operations. It is estimated that the heat exchanger unit will be worth $35,000 at the end of 8 years. This seemingly high salvage value is due primarily to the fact that the $30,000 purchase price is really a rare bargain. If the firm believes 15% is an appropriate rate of return, what annual benefit is needed to justify the purchase of the heat exchanger unit
Answer:
$4,135.75
Explanation:
Let x be the annual benefit.
Year Cash flow D.F. at 15% Cumulative
0 -30000
1 X 0.869565217 0.869565217
2 X 0.756143667 1.625708885
3 X 0.657516232 2.283225117
4 X 0.571753246 2.854978363
5 X 0.497176735 3.352155098
6 X 0.432327596 3.784482694
7 X 0.37593704 4.160419734
8 X 0.326901774 4.487321508
8 35000 0.326901774
Present value of outflow = Present value of Inflow
By equating we get, 30000 = (35000 * 0.326902) + 4.487322x
30000 = 11441.57 + 4.487322x
4.487322x = 30000 - 11441.57
4.487322x = 18558.43
x = 18558.43/4.487322
x = 4135.747334378946
x = 4135.75
So, annual benefit is $4,135.75
n 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $25. What was the expected cost in the year 2017 if we project this rate of inflation on the cost? (Assume continuous compounding. Round your answer to the nearest cent.) If the average cost of a textbook in 2012 was $150, what is the actual inflation rate (rounded to the nearest tenth percent)?
Answer:
Total number of years = 35
a. Expected cost in 2017 = $25 * e^(35*0.16)
Expected cost in 2017 = $25 * e^5.6
Expected cost in 2017 = $25 * 270.42
Expected cost in 2017 = $6,760.50
b. If the average cost of a textbook in 2012 was $150, then the actual inflation rate:
150 = 25 * e^(r*t)
150 = 25 * e^(r*30)
6 = e^(r*30)
Taking log base e on both side
30r = Ln6
30r = 1.7918
r = 1.7918/30
r = 0.05972667
r = 5.97%
So, actual inflation rate is 5.97%
Transformational leadership is a positive predictor of job performance and organizational commitment.
a. True
b. False
Answer:
a. True
Explanation:
Transformational leadership can be understood as a leadership style whose main objective is the motivation of employees. The transformational leader is the one who seeks to inspire employees through their own example and willingness to work, is the leader who assertively communicates with his team, seeking the autonomy of employees, building a relationship based on trust and increasing of creativity and organizational innovation.
This leadership style is a positive indicator of organizational performance and commitment because it is based on strengthening the organizational culture, where each employee has the possibility to contribute with innovative ideas in favor of the organization's objectives and goals, which creates a sense of greater appreciation and job satisfaction, greater motivation that increases the employee's creativity and productivity.
You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end.
Accounts payable $ 848
Accounts receivable 900
Accumulated depreciation—equipment 630
Cash 1,360
Common stock 16,300
Cost of goods sold 1,000
Depreciation expense 315
Dividends 310
Equipment 2,500
Goodwill 1,900
Income tax expense 175
Income taxes payable 135
Insurance expense 360
Interest expense 460
Inventory 950
Investment in land 15,000
Land 3,200
Mortgage payable (long-term) 4,500
Notes payable (short-term) 62
Prepaid insurance 70
Retained earnings (beginning) 1,700
Salaries and wages expense 850
Salaries and wages payable 275
Sales revenue 6,200
Stock investments (short-term) 1,300
Prepare an income statement for Sandhill Co. for the year ended April 30, 2022.
Prepare a retained earnings statement for Sandhill Co. for the year ended April 30, 2022. (List items that increase retained earnings first.)
Answer:
SANDHILL CO.
Income Statement
For the Year Ended April 30, 2022
Revenues
Sales revenue $6,200
Expenses
Cost of Goods Sold $1,000
Depreciation expense $315
Income tax expense $175
Insurance expense $360
Interest expense $460
Salaries & Wages expenses $850
Total Expenses $3,160
Net Income $3,040
SANDHILL CO.
Retained Earnings Statement
For the Year Ended April 30, 2022
Retained Earnings, May 1, 2021 $1,700
Add: Net Income $3,040 $4,740
Less: Dividends $310
Retained Earnings, April 30, 2022 $4,430