Bedford had this info at the end of 2015, its first year of operations: No other permanent or temporary differences exist. The litigation item will be paid in 2018. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/15 Income Tax Payable is:
Answers
Answer: $150,000
Explanation:
Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.
= 900,000 + 100,000
= $1,000,000
As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;
= 1,000,000 - 300,000
= $700,000
Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.
= 700,000 - 200,000
= $500,000
2015 Income Tax Payable = 500,000 * 30%
= $150,000
Related Questions
Sue is considering purchasing a new vacuum cleaner. Which of the following sets is she using when she is ready to make the final decision? Group of answer choices Total set Choice set Awareness set Consideration set
Answers
Answer:
choices Total.
Explanation:
By being ready to make the final purchase decision, Sua is using the choices total to make its decision.
The purchase decision process arises due to a need, from the emergence of that need the consumer will seek solutions to solve his problem, which means evaluating the alternatives related to the product or service he wants to buy, such as value, benefits, brand , quality, design, etc., so when all these requirements are satisfied, the consumer actually makes the purchase and satisfies his needs.
Cheyenne Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 Invested $11,290 cash and $2,740 of equipment in the business. 7 Purchased supplies on account for $450. (Debit asset account.) 12 Performed services for clients, for which $1,303 was collected in cash and $689 was billed to the clients. 15 Paid August rent $634. 19 Counted supplies and determined that only $263 of the supplies purchased on August 7 are still on hand. Date Account Titles and Explanation Aug. 12
Answers
Answer:
1200
Explanation:
The bank deputy controls the money so then cheyenne repair shop fixes the money through the transactions with the amounting equivalent to the equilibrium of the bank and the transactions so you end up with 1200
Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: March $173,900 April 163,500 May 148,800 Depreciation, insurance, and property taxes represent $37,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June. 70% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. Required:Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May. Horizon Financial Inc.
Answers
Answer:
Total Cash Payments are as follows:
For March = $95,830
For April = $129,620
For May = $116,210
Explanation:
Note: See the attached Excel file for the schedule of cash payments
The expenses paid in each month can be calculated as follows:
a. March Expenses
Paid in March = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of reminder paid = ($173,900 - $37,000) * 70% = $95,830
Paid in April = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of balance paid = ($173,900 - $37,000) * (100% - 70%) = $41,070
b. April Expenses
Paid in April = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of reminder paid = ($163,500 - $37,000) * 70% = $88,550
Paid in May = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of balance paid = ($173,900 - $37,000) * (100% - 70%) = $37,950
c. May Expenses
Paid in May = (Total projected selling and administrative expenses for May - Depreciation, insurance, and property taxes for May) * Percentage of reminder paid = ($148,800 - $37,000) * 70% = $78,260
You own two different energy drink brands with similar elasticities: "Blue Cow" and "600 minute energy." If you reduce the price on "Blue Cow", you can only increase your total sales if
Answers
Answer: b. Prices for “600 minute energy” are reduced
Explanation:
The drinks have similar elasticities so they are substitutes. This means that reducing the price of one will cause people to demand less of the other drink. By reducing the price of "Blue Cow", there will be less demand for "600 minute energy".
To increase total sales therefore, the effects of the decrease in the price of Blue Cow must be counteracted. To do so, the price of 600 minute energy must be reduced as well. This way people will demand the two drinks more. This reduction will draw in people buying other drinks apart from these 2 thereby increasing total sales.
Coronado, Inc. had net sales in 2017 of $1,493,700. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $329,800 debit, and Allowance for Doubtful Accounts $4,060 credit. If Coronado estimates that 9% of its receivables will prove to be uncollectible. Prepare the December 31, 2017, journal entry to record bad debt expense.
Answers
Answer:
December 31,
DR Bad Debt Expense $25,622
CR Allowance for Doubtful Accounts $25,622
Explanation:
The Allowance for Doubtful Accounts helps provide a sort of cushion for the business by accounting for potential bad debts for the business so that if bad debts occur, they are taken from this account and not the Receivables account.
Coronado estimates that 9% of receivables will be uncollectible so;
= 9% * 329,800
= $29,682
However, $4,060 is already in the account so the new balance that should be brought into the account to ensure that it totals $29,682 is;
= 29,682 - 4,060
= $25,622
Alonso T. Corporation uses the weighted-average method in its process costing system. In their first processing department, the company worked on 1,050 equivalent units of production with respect to conversion costs in April. Additional information for April is: Beginning inventory 230 units 40% complete Started 1,345 units Completed and transferred out 700 units Q: The % of completion of the ending inventory in work-in-process with respect to conversion cost is: A: % (enter % amount, not decimal; ex. 22, not 0.22)
Answers
Answer:
The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.
Explanation:
First determine the Physical Units of Closing Work In Process
Physical Units of Closing Work In Process Calculation
Physical Units of Closing Work In Process = 230 + 1,345 - 700
= 875
Calculation of Equivalent Units of Production
(To determine Equivalent units of Closing Work In Process)
Conversion Cost
Units Completed and Transferred (700 × 100%) = 700
Units in Closing Work In Process (Balancing figure) = 350
Equivalent Units of Production = 1,050
Percentage Completion = Equivalent Units of Closing Work In Process / Physical Units of Closing Work In Process × 100
= 350 / 875 × 100
= 40%
The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.
Which one of these is not a smart way to negotiate? Make counteroffers by phone or in person, so you can use your powers of persuasion Go in knowing the maximum you’re willing to pay Learn about the seller’s needs and try to accommodate them Add a personal letter to your offer
Answers
Answer:
Add a personal letter to your offer.
Explanation:
Negotiation is when an agreement or a compromise is reached by parties involved in a deal in order to avoid issues or argument. People negotiate for different reasons such as beating down a price , resolve a problem or dispute among parties, create a new thing in which parties involved are not able to do , or agree on how to share limited resource like money, assets etc.
Negotiation is a skill(soft)which can be learnt by people hence become a strong negotiator. These soft skills include communication, persuasion and ability to strategize . With regards to the above, the odd among the given option is add a personal letter to your offer.
The one of among the options that is not a smart way to negotiate is addition of a personal letter to your offer.
For better understanding, let's explain what negotiation means
Negotiation is simply defined as a continuous working together of two or more parties in order to reach an agreement that is mutually satisfactory especially to both buyer and seller or an others. There are three phases to negotiation which are planning and preparation, Settlement and Documentation.Negotiating Tactics includes bidding war, brinksmanship, one party away, bogey--tactic, bluffing, defense in depth, flinching, Highball/Lowball and others. Personal letter is not inclusive.From the above, we can therefore say that the answer that The one of among the options that is not a smart way to negotiate is addition of a personal letter to your offer is correct
Learn more about negotiation from:
https://brainly.com/question/9169212
kerch co. had beginning net fixed assets of $216,566, ending net fixed assets of $211,729, and deperciation of $40,477. During the year, the company sold fixed assets with a book value of $8,014. How much did the company purchase in new fixed assets?
a) $32,224
b) $43,639
c) $41,476
d) $35,625
e) $34,293
Answers
Answer:
The closest option is B,$43,639
Explanation:
The formula for ending net fixed assets can be used to determine the value of new purchase as shown below:
ending net fixed assets= beginning net fixed assets-depreciation-cost of asset sold+new purchase
$211,729=$216,566-$40,477-$8,014+x
$211,729=$168075 +x
x=$211,729-$168075
x=$43654
The closest option is B
مطلوب
If personal saving is -$17billion and .1
disposable personal income is $370 billion,
* then personal consumption spending
(2 نقطة)
Answers
Answer:
Personal consumption spending = $387 billion
Explanation:
Given:
Personal saving = -$17 billion
Personal income = $370 billion
Find:
Personal consumption spending
Computation:
Personal consumption spending = Personal income - (Personal saving)
Personal consumption spending = $370 billion - (-$17 billion)
Personal consumption spending = $387 billion
: Imagine that Canada, the US, and Mexico decide to adopt a fixed exchange rate system. What would be the likely consequences of such a system for the flow of trade and investment between all three countries
Answers
Answer:
The exchange rate would benefit the U.S. and Canada more, that it would benefit Mexico.
This is because the Mexican currency: Mexican Peso, is devalued when compared to the U.S. Dollar and the Canadian Dollar. This means that Mexican exports are comparatively cheaper than American or Canadian exports, causing a great growth of Mexican manufacturing in recent decades.
In a fixed exchange rate system, Mexico would lose this competitive advantage. It would still have lower labor costs, but the amount of manufacturing that would move from the U.S. and Canada to Mexico would probably be less.
Select a problem that a firm might have bringing out a new product or service and discuss how the firm could overcome that problem.
Answers
Explanation:
A potentially serious problem for a company is to launch a new product or service on the market without conducting marketing research to investigate the acceptance of its product to its target audience.
Marketing research is an essential tool for a company to collect relevant data and information about what the consumers' needs and desires are, what benefits they expect from a product or service, what features the product should have, the design, the price, and several other essential variables to help the company better understand the market and make the best decisions when launching a new product
An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over the 3 years was ______. Multiple Choice 158.93% 19.07% 38.00% 6.36%
Answers
Answer:
19.07%
Explanation:
The computation of the total compound return over the 3 years is shown below:
= (1 + investment percentage earned in first year) × (1 + investment percentage earned in second year) × (1 + investment percentage loss in second year)
= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)
= 1.35 × 1.40 × 0.63
= 1.1907
= 19.07%
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 100,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 290,000. Units completed and transferred out: 390,000. Ending Inventory: 40,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $57,200. Costs in beginning Work in Process - Conversion: $99,700. Costs incurred in October - Direct Materials: $828,520. Costs incurred in October - Conversion: $939,300. Calculate the cost per equivalent unit of materials.
Answers
Answer:
$2.64 per units
Explanation:
The computation of the cost per equivalent unit of material is shown below:
Cost per equivalent unit is
= (Beginning conversion cost + cost incurred during October) ÷ (Total equivalent units)
= ($99,700 + $939,300) ÷ (390,000 units + (40,000 units × 10%))
= $1,039,000 ÷ 394,000 units
= $2.64 per units
We simply applied the above formula
The original cost of the machine was $1,800,000. The machine has a class life of 15 years, but after 13 years, the firm has decided to sell the machine for $320,000. If Monster Potato has a marginal tax rate of 21%, what is the tax effect associated with the decision?
Answers
Answer: $16,800 tax payment.
Explanation:
Annual depreciation on machine = [tex]\frac{1,800,000}{15}[/tex]
= $120,000
Accumulated Depreciation in 13 years;
= 120,000*13
= $1,560,000
Book Value at 13 years
= 1,800,000 - 1,560,000
= $240,000
Company sold it at a higher price than its book value so there will be a capital gain of;
= 320,000 - 240,000
= $80,000
Tax is charged on the marginal gain;
= 80,000 * 21%
= $16,800
The following information is from the annual financial statements of Raheem Company. Year 3 Year 2 Year 1 Net sales $ 308,000 $ 239,000 $ 289,000 Accounts receivable, net (year-end) 37,700 35,500 32,200 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.6, is Raheem performing better or worse at collecting receivables than its competitor? Better Worse
Answers
Answer:
(1) Compute its accounts receivable turnover for Year 2 and Year 3.
year 2 = 7.06year 3 = 8.42(2) Assuming its competitor has a turnover of 12.6, is Raheem performing better or worse at collecting receivables than its competitor?
the higher the accounts receivable turnover ratio, the better. In this case, their competitor is much better at collecting their accounts receivables than Raheem.Explanation:
Year 3 Year 2 Year 1
Net sales $308,000 $239,000 $289,000
Accounts receivable, net (year-end) $37,700 $35,500 $32,200
accounts receivable turnover = net sales / average accounts receivable
accounts receivable turnover year 2 = 239,000 / [(35,500 + 32,200)/2] = 7.06
accounts receivable turnover year 3 = 308,000 / [(35,500 + 37,700)/2] = 8.42
Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,800,000 Net operating income $ 5,000,000 Average operating assets $ 35,800,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to 2 decimal places.)
Answers
Answer:
1. 28.09 %
2.0.50 times
3.13.97 %
Explanation:
Margin = Profit / Sales × 100
= $ 5,000,000 / $ 17,800,000 × 100
= 28.09 % (2 decimal places.)
Turnover = Sales / Total Assets
= $ 17,800,000 / $ 35,800,000
= 0.50 times (2 decimal places.)
Return on investment = Divisional Profit Contribution / Assets employed in the division × 100
= $ 5,000,000 / $ 35,800,000 × 100
= 13.97 % (2 decimal places.)
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.03 Standard yards per unit: standard, 4.69 yards; actual, 4.93 yards Units of production: 9,300 Calculate the direct materials price variance.
Answers
Answer:
-$2,292.45 Unfavorable
Explanation:
According to the given situation, the computation of direct materials price variance is shown below:-
Material price variance = (Standard price - Actual price) × Actual quantity
= ($1.98 - $2.03) × 9,300 × 4.93
= -$0.05 × 9,300 × 4.93
= -$2,292.45 Unfavorable
Therefore for computing the material price variance we simply applied the above formula.
A consumer values a house at $525,000 and a producer values the same house at $485,000. If the transaction is completed at $510,000, what amount of tax will result in unconsummated transaction? a. A tax of $14,000 b. A tax of $15,000 c. A tax of $9,000 d. A tax of $18,000
Answers
Answer:
d. A tax of $18,000
Explanation:
If the price is higher than $525,000 which is his reservation price, the buyer will not buy the good
(1+t) > $525,000 / $510,000
1+t > 1.03
t > 0.03
t > 3%
3% of $510,000 = $15,300. So if the tax is greater than $15,300, the buyer will not buy the good . Hence, the answer is option (D) A tax of $18,000 as this tax is higher than $15,300 while other option are less than $15,300
"The Master Manufacturing Company has just announced a tender offer for its own common stock. Master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. After the announcement of the offer, the stock closed on the NYSE up 2.50 at $18.75. If a customer had 100 shares and sold at tomorrow's opening price, what is the price that he would receive per share?"
Answers
Answer:
$0
Explanation:
As it is mentioned in the question that 64% of shares being tendered so at this condition the client has no confirmation with respect to the amount paid for the shares after deciding the tender
Therefore in the given case, the price received per share would be $0 and the other information i.e mentioned in the question is not relevant. Hence, ignored it
On August 1, Blossom Company buys 1,000 shares of BCN common stock for $44,100 cash. On December 1, the stock investments are sold for $45,700 in cash. Journalize the purchase and sale of the common stock
Answers
Answer and Explanation:
The Journal entry is shown below:-
1. Stock Investments Dr, $44,100
To Cash $44,100
(Being purchase of stock investment is recorded)
Here we debited the stock investment as the purchase is done and we credited the cash as it decreased the asset
2. Cash Dr, $45,700
To Stock Investments $44,100
To Gain on sale of stock Investments $1,600
(Being sale of stock investment is recorded)
Here we debited the cash as it increased the asset and we credited the stock investment and gain on sale of stock investment as there is a sale of common stock
Many leaders have difficulty implementing their vision and strategies. Such problems may stem from a variety of issues in the design of the organization such as
Answers
Answer:
Inappropriate budgeting and control system
Explanation:
If there is no proper budgeting with respect to the revenues, expenses and also if there is no proper control than the implementation of the vision and strategies would become difficult due to which organization is not able to accomplish its goals and objective within a prescribed time
There should be proper structure of work by considering the budgeting and control system as if any organization would ignore this then they would lead to suffered high losses
Therefore as per the given scenario, the third option is correct
Answer:
inappropriate budgeting and control systems is the correct answer.
Explanation:
For this discussion, you are to pretend that you're on a team project that's running behind schedule. Let's say you and your project team are three months into an eight-month project and you realize that you're already 2.5 weeks behind schedule and 15% over budget. What would you do?
Answers
Answer:
Explanation:
The discussion or focus is on PROJECT MANAGEMENT.
You are on a team project that is running behind schedule. You and your project team are 3 months into an 8-month project.
There is a deficiency in both time management and money management.
For the project to be 3 months old, out of 8 months, then it's already in the execution stage.
Being behind schedule by 2.5 weeks implies that you have spent 2.5 weeks extra, achieving what you ought to achieve without or before the extra time. Discuss with your project team and make them more active in delivering their tasks. Time is crucial. Time is money also.
You're 15% over budget, hence you've spent 15% more than you should. Check the vendors of items and tools used in the project. You might have to change them if their products are too costly. Ensure proper accounting also. Do not disburse funds without the consultation and approval of team members who are finance experts.
In all, not more than 2 days or thereabout should be used in making these adjustments because time and money are equally pertinent!
Production and Purchases Budgets At the beginning of October, Comfy Cushions had 2,600 cushions and 15,500 pounds of raw materials on hand. Budgeted sales for the next three months are: Month Sales October 13,000 cushions November 15,000 cushions December 18,000 cushions Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 25 percent of the following month's production requirements and sufficient cushions on hand at the end of each month to meet 20 percent of the following month's budgeted sales. Five pounds of raw materials, at a standard cost of $0.90 per pound, are required to produce each cushion. Required a. Prepare a production budget for October and November. Do not use a negative sign with your answers.
Answers
Answer:
Production budget for October and November
October November
cushions cushions
Budgeted Sales 13,000 15,000
Add Budgeted Closing Inventory 3,000 3,600
Total Production needed 16,000 18,600
Less Budgeted Opening Inventory (2,600) (3,000)
Production Budget 13,400 15,600
Explanation:
A Production Budget shows the quantities of finished goods that must be produced to meet expected sales plus any increase in inventory levels that might be required.
Exhibit 24-4 Price Quantity Demanded Total Fixed Cost Total Variable Cost Total Revenue Total Cost Marginal Revenue Marginal Cost $50 0 $8 $0 (C) (H) 45 1 8 20 (D) (I) (L) (R) 40 2 (A) 30 (E) (J) (M) (S) 35 3 8 55 105 63 (N) (T) 30 4 8 (B) (F) 93 (P) (U) 25 5 8 125 (G) (K) (Q) (V) Refer to Exhibit 24-4. What dollar amounts go in blanks (F), (G), (H), (I), and (J), respectively
Answers
Answer:
F = Total Revenue at 4 units
= Price * Quantity demanded
= 30 * 4
= $120
G = Total Revenue at 5 units
= Price * Quantity demanded
= 30 * 5
= $150
H = Total Cost at 0 units
= Fixed Costs + Variable Costs
= 8 + 0
= $8
I = Total Cost at 1 unit
= Fixed Costs + Variable Costs
= 8 + 20
= $28
J = Total Cost at 2 units
= Fixed Costs + Variable Costs
Fixed costs are fixed at $8 so (A) is $8
= 8 + 30
= $38
Cost Flow Relationships
The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment:
Sales $12,375,000
Gross profit 5,200,000
Indirect labor 410,000
Indirect materials 180,000
Other factory overhead 810,000
Materials purchased 4,125,000
Total manufacturing costs for the period 7,880,000
Materials inventory, end of period 290,000
Using this information, determine the following amounts:
a. Cost of goods sold $
b. Direct materials cost $
c. Direct labor cost $
Answers
Answer:
(A) Cost of goods sold=$7,175,000
(B) Direct material cost= $3,655,000
(C) Direct labor cost= $2,825,000
Explanation:
(A) The cost of goods sold can be calculated as follows
Cost of goods sold= Sales-gross profit
Sales= $12,375,000
Gross profit= $5,200,000
Cost of goods sold= $12,375,000-$5,200,000
= $7,175,000
(B) The direct materials cost can be calculated as follows
Direct cost of materials= materials purchased-indirect materials-materials inventory
Materials purchased= 4,125,000
Indirect materials= 180,000
Materials inventory= 290,000
Direct materials cost= 4,125,000-180,000-290,000
= $3,655,000
(C) The direct labor costs can be calculated as follows
Direct labor costs= Total manufacturing cost for the specified period-direct materials-factory overhead
Total manufacturing costs= 7,880,000
Direct materials= 3,655,000
Factory overhead= indirect labor+indirect materials+other factory overhead
= 410,000+180,000+810,000
= 1,400,000
Direct labor costs= 7,880,000-3,655,000-1,400,000
= $2,825,000
You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Last year, they sold 8,200 units. You are proposing that the company implement your marketing plan which will cost $3,000 per year. You believe this will increase their sales units by 350 units. Calculate the contribution margin ratio at the projected levels, the projected change in operating income of your proposal and the projected ROI. Additionally, if the company requires a 12% return on its investments, calculate the maximum you could charge for your marketing plan.
Answers
Answer:
without marketing with marketing differential
plan plan amount
total sales 8,200 8,550 350
sales revenue $164,000 $171,000 $7,000
variable costs ($73,800) ($76,950) ($3,150)
contribution $90,200 $94,050 $3,850
margin
contribution 55% 55% -
margin ratio
fixed and ($20,000) ($23,000) ($3,000)
marketing costs
operating $70,200 $71,050 $850
income
The return on investment (ROI) from your marketing plan = $850 / $3,000 = 28.33%
If the required ROI is 12%, then you could charge = net increase in operating profits / (1 + required ROI) = $3,850 / 1.12 = $3,437.50
A classified income statement has four major sections—operating revenues, cost of goods sold, operating expenses, and non-operating revenues and accounts receivables.
A. True
B. False
Answers
Answer: False
Explanation:
The statement in the question that a classified income statement has four major sections which are the operating revenues, cost of goods sold, operating expenses, and non-operating revenues and accounts receivables is not true.
It should be noted that a classified income statement is made up of the revenue, the expenses and the non operating revenues and expenses.
Direct Materials Purchases Budget
Tobin’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for November:
Units
12" Pizza 16" Pizza
Budgeted production volume 70,000 50,000
There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows:
12" Pizza 16" Pizza
Direct materials:
Dough 0.55 lb. per unit 0.80 lb. per unit
Tomato 0.25 0.40
Cheese 0.70 1.20
In addition, Tobin’s has determined the following information about each material:
Dough Tomato Cheese
Estimated inventory, November 1 2,500 lbs. 1,000 lbs. 3,000 lbs.
Desired inventory, November 30 2,000 lbs. 1,200 lbs. 2,800 lbs.
Price per pound $0.50 $0.60 $0.85
Prepare November’s direct materials purchases budget for Tobin’s Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Tobin’s Frozen Pizza Inc.
Direct Materials Purchases Budget
For the Month Ending November 30
Direct Materials Direct Materials Direct Materials
Dough Tomato Cheese Total
Units required for production:
12" pizza
16" pizza
Desired inventory, November 30
Total units available
Estimated inventory, November 1
Total units to be purchased
Unit Price x $ x $ x $
Total direct materials to be purchased $ $ $ $
Answers
Answer:
Since there is not enough room here, I prepared an excel spreadsheet
Explanation:
Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might your relationship change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations?
Answers
Answer:
Multinational enterprises (MNEs)
Relationship Change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations:
This move means that Indian and Chinese companies would be competing with my local small firm. The MNE may be looking for cheaper prices for my company's products and services, which the Indian and Chinese companies would more efficiently supply it. My firm may be on the precipice of liquidating if this MNE is our major customer. My firm must move fast to become more competitive by differentiating our products and services with better quality and perhaps reduced production costs, to enable it compete more favorably with the Indian and Chinese competitors. Otherwise, we may regard the relationship as nearing its end and prepare for other opportunities with other companies.
Explanation:
Globalization reduces national boundaries by integrating national economies into a globalized economy, thus enabling companies to compete globally for financial resources, goods, and services. When Globalization 1.0 happened, countries were globalized and the world became a global village. When Globalization 2.0 from which the G7 profited largely, companies were globalized. With the current Globalization 3.0, individuals are being globalized, and the highest beneficiaries are Indian and Chinese nationals who appear better prepared to take on the world, garner most of the important resources to themselves, and call the shots from the boardrooms. An example is Microsoft's current CEO, Satya Nadella, who is an Indian-American.
If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person offers to buy the entire company for $14.5 million, what is the controlling interest premium being offered
Answers
Answer:
$4,500,000
Explanation:
current market price per stock $20
total stocks outstanding 500,000
corporation's total value = 500,000 x $20 = $10,000,000
investor's offer to purchase 100% at $14,500,000
controlling interest premium = $14,500,000 - $10,000,000 = $4,500,000
new price per stock = $14,500,000 / 500,000 = $29
The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.