Answer:
Increase by $5,975
Explanation:
Calculation to determine the profit
First step is to calculate the Direct Material and Direct labor per unit
Direct Material and Direct labor per unit=$100,000/16,000
Direct Material and Direct labor per unit=$6.25
Second step is to calculate the Relevant Variable Overhead
Relevant Variable Overhead = 20,000 * 20%
Relevant Variable Overhead= $4,000
Third step is to calculate the
Relevant Variable Cost per unit = $4,000 / 16,000
Relevant Variable Cost per unit= $0.25
Fourth step is to calculate the Total Relevant Variable cost per unit
Total Relevant Variable cost per unit = $6.25 + $0.25
Total Relevant Variable cost per unit= $6.5
Fifth step is to calculate the Relevant Contribution Margin per unit
Relevant Contribution Margin per unit = $8.05 - $6.5
Relevant Contribution Margin per unit= $1.55
Sixth step is to calculate the Total Contribution
Total Contribution = 4,500 * $1.55
Total Contribution= $6,975
Now let calculate the profit using this formula
Profit = Contribution - Fixed Cost
Let plug in the formula
Profit = $6,975 - $650 - $350
Profit = $5,975
Therefore If Benjamin accepts the offer, its profits will:Increase by $5,975
1. Briefly explain two possible disadvantages to a sole trader of changing to a
Private limited company.
Answer:
Sole trader has independence of decision making and unlimited liability for debts which is not the case with Private limited company
Explanation:
Two possible disadvantages to a sole trader of changing to a Private limited company are as follows -
a) As a sole trader there is unlimited liability for debts while in case of private limited company the the transfer ability of shares gets restricted.
b) The sole trader is the sole decision taken while in case of private limited company the joint decision can be taken by the co owners.
why microeconomics is useful in business decision making? Explain
Explanation: The study of microeconomics helps the decision makers to analyze and determine how the productive resources are allocated for various goods and services. It also helps in solving the producers' dilemma of what to produce, how much to produce and for whom to produce. <33
Explanation:
The study of microeconomics helps the decision makers to analyze and determine how the productive resources are allocated for various goods and services. It also helps in solving the producers' dilemma of what to produce, how much to produce and for whom to produce.
Augustus Company is considering investing in new equipment. Based on the following, what is the Average Annual Operating Income (as in the Accounting Rate of Return calculation)?
Estimated Cost of New Equipment $500,000
Useful life in years 5
Estimated Residual Value $50,000
Expected New Cash Inflows over life of asset $700,000
Answer:
$50,000
Explanation:
Estimated Cost of New Equipment = $500,000
Useful life in years = 5
Estimated Residual Value = $50,000
Expected New Cash Inflows over life of asset = $700,000
Annual depreciation expense = (Estimated Cost of New Equipment-Estimated Residual Value)/Useful life in years
= ($500,000 - $50,000) / 5
= $450,000 / 5
= $90,000
Average annual cash flow = Expected New Cash Inflows over life of asset/ Useful life in years
= $700,000/5
= $140,000
Average annual operating income = Average annual cash flow - Annual depreciation expense
= $140,000 - $90,000
= $50,000
GlaxoSmithKline sponsored a weight-loss community in preparation for the launch of its first weight-loss drug, Alli. Which of the following could be a key marketing benefit of forming an online community? A) A community enables GlaxoSmithKline to create opinion leaders. B) Users generate their own content, so ads may appear near a variety of messages. C) Two-way information flow can give the company customer information and insights. D) The community can become a point of contact for product recalls. E) An online community offers controllable one-way communication with customers.
Answer: C) Two-way information flow can give the company customer information and insights.
Explanation:
An online community, can also be referred to as the also web community, and this simply means a community whereby the members can interact with one another through the Internet.
A key marketing benefit of forming an online community by GlaxoSmithKline is that there'll be a two-way information flow that can give the company customer information and insights.
For example, through the use of social media, the company can communicate with the customers and also get feedbacks from them.
You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 11.4 percent. Assume D has an expected return of 14.9 percent, F has an expected return of 10.8 percent, and the risk-free rate is 5.95 percent. If you invest $50,000 in Stock D, how much will you invest in Stock F? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:$20,000 will be invested in StocK F
Explanation:
The expected return of portfolio is calculated as
Portfolio Expected Return = (wD x rD) + (wF x rF) + (wR x rR) ............................
Where;
Portfolio expected return = 11.4%
wD = Weight of the amount invested in Stock D which is calculated as
Amount invested in Stock D / Total amount invested
= $50,000 / $100,000 = 0.50
rD = Expected Return from Stock D = 14.9%
wF = Weight of the amount invested in Stock F= ?
rF = Expected Return from StocK F = 10.8%
wR = Weight of the amount invested in risk free = one minus the weight of the other two assets= 1 - wD - wF = 1 - 0.50 - wF = 0.50 - wF
rR = Expected Return from Risk free = 5.95%
Putting all the values into the equation, we
that
0.114= (0.50 x 0.149) + (wF x 0.108) + ((0.50 - wF) x 0.0595
0.114= 0.0745 + (wF x 0.108) +0.02975 -0.0595wF
0.114- 0.0745 =wF 0.108 +0.02975 -0.0595wF
0.114- 0.0745--0.02975=wF 0.108-0.0595wF
0.00975=wF (0.108-0.0595)
0.00975=wF 0.0485
wF == 0.00975/0.0485
wF==0.2010 rounded to 0.20
Recall that wF = Amount invested in Stock F / Total amount invested
0.20= Amount invested in Stock F / $100,000
Amount invested in Stock F = 0.20x $100,000 = $20,000
Therefore, $20,000 will be invested in StocK F
Harry Company sells 38,000 units at $37 per unit. Variable costs are $30.71 per unit, and fixed costs are $136,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Operating income $fill in the blank 3
Answer:
Results are below.
Explanation:
First, we will determine the unitary contribution margin:
Unitary contribution margin= selling price - unitary variable cost
Unitary contribution margin= 37 - 30.71
Unitary contribution margin= $6.29
Now, the contribution margin ratio:
contribution margin ratio= Unitary contribution margin / selling price
contribution margin ratio= 6.29 / 37
contribution margin ratio= 0.17
Finally, the operating income:
Operating income= total contribution margin - fixed costs
Operating income= 38,000*6.29 - 136,200
Operating income= $102,820
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product:Standard Quantity Standard Priceor Rate Standard CostDirect materials 1.5 pounds $ 5.25 per pound $ 7.88Direct labor 0.5 hours $ 15.00 per hour $ 7.50Variable manufacturing overhead 0.5 hours $ 3.50 per hour $ 1.75During March, the following activity was recorded by the company:The company produced 4,800 units during the month.A total of 10,700 pounds of material were purchased at a cost of $29,960.There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,140 pounds of material remained in the warehouse.During March, 2,600 direct labor-hours were worked at a rate of $15.50 per hour.Variable manufacturing overhead costs during March totaled $4,750.The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for March is:
Answer:
$7,140 unfavorable
Explanation:
The computation of the materials quantity variance for March is shown below;
We know that
Material Quantity Variance = Standard rate × ( Standard Quantity for actual production - Actual Quantity Used)
=$5.25 × ([4,800 units × 1.5 pounds per unit] - (10,700 - 2,140)
=$5.25 × (7,200 pounds - 8,560 pounds)
= $7,140 unfavorable
Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual rental payments of $4,892 at the beginning of each year of the 4-year lease. The equipment has an economic useful life of 6 years, a fair value of $25,000, a book value of $20,000, and both parties expect a residual value of $8,250 at the end of the lease term, though this amount is not guaran- teed. Rauch set the lease payments with the intent of earning a 5% return, and Donahue is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature.
Instructions:
(a) Explain (and show calculations) how Rauch arrived at the amount of the rental payments used in the lease agreement.
(b) Prepare the entries for Rauch for 2017.
(c) Suppose that instead of $8,250, Rauch expects the residual value at the end of the lease to be $5,000, but Donahue agrees to guarantee a residual value of $8,250. All other facts being equal, how would Rauch change the amount of the annual rental payments, if at all?
(d) Explain how a fully guaranteed residual value by Donahue would change the accounting for Rauch, the lessor.
(e) Explain how a bargain renewal option for one extra year at the end of the lease term would change the accounting of the lease for Rauch, the lessor.
Answer:
87 because he
Explanation: add then multiply;
Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance 24,500 Oct. 31 Goods finished X 31 Direct materials 91,700 31 Direct labor 186,600 31 Factory overhead X Finished Goods Oct. 1 Balance 14,600 31 Goods finished 343,900 If the balance of Work in Process on October 31 is $210,600, what was the amount of factory overhead applied in October?
Answer:
See below
Explanation:
Given the above, we will use the below to get the factory overhead
Ending finished goods = Opening balance + Direct materials + Direct labor + Factory overhead - Goods finished during the month
Fixing the values, we will have
= $14,600 + $91,700 + $186,600 + Factory overhead -
Farina Foods manufactures a dog food product called Special Scoops. Farina currently has 20,000 bags of Special Scoops in inventory. The variable production costs per bag are $1.50 and total fixed costs are $20,000 per period. The dog food can be sold as is for $7 per bag, or it can be processed further into Prime Scoops and Canine Sports at an additional processing cost of $3,000. This additional processing will yield 15,000 bags of Prime Scoops, which can be sold for $8 per bag, and 10,000 bags of Canine Sports, which can be sold for $6 per bag. The decision that Farina should make and the reason is:
Answer:
B. process Special Scoops further into Prime Scoops and Canine Sports to increase profits by $37,000.
Explanation:
Calculation to determine what the decision that Farina should make and the reason is
First step is to calculate the Special scoops
Special scoops = 20,000 bags x ($7 - $1.50) - $20,000
Special scoops =20,000 bags x$5.5-$20,000
Special scoops =$110,000-$20,000
Special scoops = $90,000
Second step is to calculate the Prime scoops
Prime scoops = 15,000 bags x $8 + 10,000 bags x $6 - (20,000 bags x $1.50 + $20,000 + $3,000)
Prime scoops =$120,000+$60,000-($30,000+$20,000+$3,000)
Prime scoops = $180,000 - $53,000
Prime scoops = $127,000
Now let calculate the Profit increase
Profit increase =$127,000 - $90,000
Profit increase= $37,000
Therefore the decision that Farina should make and the reason is: PROCESS SPECIAL SCOOPS FURTHER INTO PRIME SCOOPS AND CANINE SPORTS TO INCREASE PROFITS BY $37,000.
Which of the following is a disadvantage of the corporation form of ownership?
An inability to accumulate capital
The unlimited liability to the members of the board
Double taxation on profits and individuals
The lack of continuity
Answer:
Option C, Double taxation on profits and individuals
Explanation:
The disadvantages of the corporation form of ownership are as follows -
a) It takes lot of time and hence is time consuming
b) The taxation gets double
c) Also, the formalities/protocols are very tough
Hence, the option C is correct
Swifty Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $1.60 per pound) $9.60
Direct labor (3 hours at $11.00 per hour) $33.00
During the month of April, the company manufactures 180 units and incurs the following actual costs.
Direct materials purchased and used (2,400 pounds) $4,320
Direct labor (560 hours) $6,048
Required:
Compute the total, price, and quantity variances for materials and labor.
Answer:
Results are below.
Explanation:
First, we will determine the direct material price, quantity, and total variance. We need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (1.6 - 1.8)*2,400
Direct material price variance= $460 unfavorable
Actual price= 4,320/2,400= $1.8
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (6*180 - 2,400)*1.6
Direct material quantity variance= $2,112 unfavorable
Total variance= 460 + 2,112= $2,572 unfavorable
To calculate the direct labor rate, efficiency, and total variance. We need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*180 - 560)*11
Direct labor time (efficiency) variance= $220 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 10.8)*560
Direct labor rate variance= $112 favorable
Actual rate= 6,048/560= $10.8
Total variance= -220 + 112= $108 unfavorable
Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $600,000 $700,000 $500,000 $300,000 Total budgeted cash collections in April would be: Group of answer choices $35,000 $125,000 $210,000 $370,000
Answer: $370,000
Explanation:
Based on the information given in the question, the total budgeted cash collections in April would be calculated as the addition of the sales value from February to April and this will be:
February sale = 5% × $700,000 = $35,000
Add: March sale = 25% × $500,000 = $125,000
Add: April Sale = 70% × $300000 = $210000
Total Collection = $370000
Holmes, Inc., has offered $482 million cash for all of the common stock in Watson Corporation. Based on recent market information, Watson is worth $454 million as an independent operation. If the merger makes economic sense for Holmes, what is the minimum estimated value of the synergistic benefits from the merger? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Answer:
$28 million
Explanation:
Calculation to determine the minimum estimated value of the synergistic benefits from the merger
Using this formula
Minimum estimated value of synergistic benefits=Cash-Value
Let plug in the formula
Minimum estimated value of synergistic benefits =$482 million-$454 million
Minimum estimated value of synergistic benefits=$28 million
Therefore the minimum estimated value of the synergistic benefits from the merger is $28 million
Larry is studying productivity in an office, and decides to use a survey to collect data on how productive his employees are. In addition to using the survey, Larry records how many deliverable items each employee completes in a week and checks to see if productivity scores on the survey are associated with the number of deliverable items the employee completes. By doing this, what is Larry checking
Answer:
The question is incomplete, the options are missing. The options are the following:
a) Discriminant validity
b) Convergent validity
c) Internal validity
d) Criterion validity
And the correct answer is the option B: Convergent validity.
Explanation:
To begin with, the term known as "Convergent validity" refers to a concept used in the sociology and psichology and more other sciences who focus on the behaviors of the population with the primary goal of dealing with relation between two measures of constructs that should theorycally be related. So that means that the major purpose of this method is to prove how much relation there is between those two measurements that established to be close enough to be related. That is why that in this case Larry is checking the convergent validity so that he will see how much of the real productivity actually matches with the scores planned.
The following data are given for Stringer Company: Budgeted production 967 units Actual production 1,021 units Materials: Standard price per ounce $1.98 Standard ounces per completed unit 11 Actual ounces purchased and used in production 11,568 Actual price paid for materials $23,714 Labor: Standard hourly labor rate $14.92 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,258.15 Actual total labor costs $80,187 Overhead: Actual and budgeted fixed overhead $1,035,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $147,228 Overhead is applied on standard labor hours. The direct materials quantity variance is a.809.36 favorable b.809.36 unfavorable c.667.26 unfavorable d.667.26 favorable
Answer:
d. 667.26 Favorable
Explanation:
Direct materials quantity variance = (Standard quantity allowed - Actual Quantity Used) * Standard Price of a unit of direct material
Direct materials quantity variance = (11*1,021 - 11,568) * $1.98
Direct materials quantity variance = (11,231 - 11,568) * $1.98
Direct materials quantity variance = 337 * $1.98
Direct materials quantity variance = $667.26 Favorable
Consider the following list of transactions: Repay borrowing from the bank, $2,000. Pay employees' salaries of $1,500. Purchase equipment for cash, $10,000. Provide services to customers for cash, $4,500. Issue shares of common stock for cash, $5,000. Pay utilities, $1,000. Provide services to customers on account, $2,500. Sell old delivery truck for cash, $4,000. What amount would the company report for operating cash flows in the statement of cash flows
Answer:
$2,000
Explanation:
Calculation to determine What amount would the company report for operating cash flows in the statement of cash flows
Using this formula
Operating cash flows=Services to customers for cash-Employees' salaries -Utilities
Let plug in the formula
Operating cash flows= $4,500 − $1,500 − $1,000 Operating cash flows=$2,000
Therefore The Amount that the company would report for operating cash flows in the statement of cash flows is $2,000
George has the following capital gains and losses for 2019: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct: Question 28 options: A) The net capital gain is composed of $6,000 25% gain and $1,000 0%/15%/20% gain. B) The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain. C) The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain. D) The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain. E) The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
Answer:
E) The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
Explanation:
Calculation to determine what the net capital gain is composed of
Based on the information information given the amount of $6,000 STCL will have to offsets the $5,000 28% gain which is represent the highest tax rate gain while -$1,000 of 25% gain which is the amount that remain as loss will as well offsets the next highest tax rate gain.
Hence
Net capital gain= $6,000 STCL - $5,000 28% gain
Net capital gain= - $1,000 of 25% gain
Therefore the net capital gain is composed of
$1,000 25% gain and $6,000 0%/15%/20% gain.
Times Inc. is trying to develop an asset-financing plan. The firm has $540,000 in temporary current assets and $440,000 in permanent current assets. Times also has $640,000 in fixed assets. Assume a tax rate of 40 percent. (Do not round intermediate calculations. Round your answers to the nearest whole number.) a. Construct two alternative financing plans for Times. One of the plans should be conservative, with 80 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. The current interest rate is 14 percent on long-term funds and 8 percent on short-term financing. Compute the annual interest payments under each plan. Annual Interest Conservative $ Aggressive $ b. Given that Times' earnings before interest and taxes are $420,000, calculate earnings after taxes for each of your alternatives. Earnings After Taxes Conservative $ Aggressive $ c. What would the annual interest and earnings after taxes for the conservative and aggressive strategies be if the short-term and long-term interest rates were reversed
Answer:
Times Inc.
Conservative Aggressive
a) Annual interest payments $207,360 $184,275
b) Earnings After Taxes $127,584 $141,475
c) Annual interest payments $149,040 $172,125
Earnings After Taxes $162,576 $148,725
Explanation:
a) Data and Calculations:
Temporary current assets = $540,000
Permanent current assets = 440,000
Fixed assets = 640,000
Total assets = $1,620,000
Assumed tax rate = 40%
Conservative Aggressive
Financed by long-term sources 80% 56.25%
Long-term finance $1,296,000 $911,250
Short-term finance 324,000 (20%) 708,750 (43.75%)
Annual interest payments:
Long-term interest rate = 14% $181,440 $127,575
Short-term interest rate = 8% 25,920 56,700
Total annual interest payments $207,360 $184,275
b) Earnings before
interest and taxes $420,000 $420,000
Annual interest payments 207,360 184,275
Earnings before taxes $212,640 $235,725
Income taxes (40%) 85,056 94,250
Earnings After Taxes $127,584 $141,475
Annual interest payments:
Long-term interest rate = 8% $103,680 $72,900
Short-term interest rate = 14% 45,360 99,225
Total annual interest payments $149,040 $172,125
c) Earnings before
interest and taxes $420,000 $420,000
Annual interest payments 149,040 172,125
Earnings before taxes $270,960 $247,875
Income taxes (40%) 108,384 99,150
Earnings After Taxes $162,576 $148,725
A contractual vertical marketing system is exemplified by: Group of answer choices a florist shop that buys from a wholesale plant nursery. a coffee producer who owns a chain of coffee shops. the relationship of a popular grocery chain of stores with its suppliers. the franchise system of a reputed sandwich brand.
Answer:
the franchise system of a reputed sandwich brand.
Explanation:
The contractual vertical marketing system would be the organization that is the retail cooperative, wholesaler i.e. chain who do sponsor and many franchising programs. In this the parties are maintaining their independene and operate as individually but they work together in order to accomplish thir goals and objectives by having high efficiency
so according to the given situation, the last option is correct
The management of Petro Garcia Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $900,000 with depreciation to date of $400,000 as of December 31, 2020. On December 31, 2020, management projected its future net cash flows from this equipment to be $300,000 and its fair value to be $230,000. The company intends to use this equipment in the future. Prepare the journal entry (if any) to record the impairment at December 31, 2020
Answer:
Dec 31,2020
Dr Loss on impairment $270,000
Cr Accumulated depreciation-Equipment $270,000
Explanation:
Preparation of the journal entry to record the impairment at December 31, 2020
First step is to calculate the Loss on impairment
Cost $900,000
Less: Accumulated depreciation ($400,000)
Carrying Amount $500,000
Less: Fair value ($230,000)
Loss on impairment $270,000
Now let Prepare the journal entry
Dec 31,2020
Dr Loss on impairment $270,000
Cr Accumulated depreciation-Equipment $270,000
(To record the impairment)
Speedy Delivery Systems can buy a piece of equipment that is anticipated to provide an 11 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an opportunity to buy a new machine that would yield a 9 percent return but would cost 15 percent to finance through common equity. Assume debt and common equity each represent 50 percent of the firm’s capital structure. a. Compute the weighted average cost of capital. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Answer:
10.5%
Explanation:
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)
(6% x 0.5) + (15% x 0.5) = 3% + 7.5% = 10.50%
Juhasz Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or HoursStandard Price or Rate Direct labor 0.50hours$24.00per hour Variable overhead 0.50hours$4.40per hour In August the company produced 8,300 units using 4,260 direct labor-hours. The actual variable overhead cost was $17,466. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is:
Answer:
$484 U
Explanation:
The variable overhead efficiency variance is computed as
= (Actual labor hours - Budgeted labor hours) × Hourly rate for standard variable overhead
Variable overhead efficiency variance
= [(4,260 - (8,300×0.5)] × $4.40
= (4,260 - 4,150) × $4.40
= $484 U
Therefore, the variable overhead efficiency variance for August is $484 U
Sheffield Corp. is planning to sell 1070 boxes of ceramic tile, with production estimated at 800 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $17 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheffield has 3300 pounds of clay mix in beginning inventory and wants to have 5400 pounds in ending inventory. What is the total amount to be budgeted for direct labor for the month
Answer:
Results are below.
Explanation:
Giving the following information:
Production= 800 boxes
Each box of tile requires 0.50 hours of direct labor.
Employees of the company are paid $17 per hour.
First, we need to determine the number of hours required:
Number of hours= 800*0.5= 400 hours
Now, the total direct labor cost:
Direct labor cost= 400*17= $6,800
what are forms of office correspondences?
Answer:
Explanation:
Correspondence simply means letters sent or received. Another word for “Correspondence” is “Mail”. In our offices and Businesses, We receive letters, parcels, telegrams, internal memos, fax, e-mail, text messages or SMS (Short Message Service) and other documents which we all know as mail or correspondence.
CORRESPONDENCE RECORDS
Correspondence records are those documents used to keep track of correspondences in an organization. They show evidence of important transactions, letters, reasons for writing and those involved, dates, addresses, e-mails and other important messages.
TYPES OF CORRESPONDENCE
There are three main types of correspondence, they are:
In-coming mails
Out-going mails
Postage book.
1. In-Coming Mails: These are letters that comes into an organization. In-coming correspondence will reach the records offices in a number of different ways. Some will come through the regular post office or other courier services, like, DHL,UPS etc. Other in-coming mails could come via e-mail, or with the growth in technology, through text messaging:- Short Message Service (SMS) or Multimedia Messaging Services (MMS).
Examples of In-Coming Mails are: Letters
Parcels
Computer printouts e.g. e-mail or other data
Telegrams
Internal memos
Text messages
METHODS OF MAIL DELIVERY
Mails or letters can be delivered either by post or by hand to the recipients in two ways:
a. Delivery by Post: People pay for a private mail box or bag in the post office where their mails are deposited safely and locked till the owner comes (to the post office) with the keys to pick up mails. The post man also delivers received mails to the appropriate addresses with authority from the post office management.
b. Delivery by Hand: The mails that can be delivered by hand include letters, circulars, memos, handbills, notices of different sizes etc. The mails must be handled with care, so that the recipient will receive it without complaint and in time too. All mails are sorted out first in the mail room before being distributed to the appropriate persons or organization(S).
2. Out-Going Mails: These are mails that are going out of or from the organization. The secretary or clerk in the office handles such mails with care and treats them with the urgency required. In smaller organizations, the receptionist can also see to it that such mails are handled appropriately and accountability and reference.
Examples of out-going mails are letters, parcels, computer printouts like e-mail, SMS, memos, telegrams, and other related mails.
3. Postage Book: This is a book which records accurate and full details of mails and other documents that need postage. The book contains the exact amounts of postage stamps used on the mails, date and address.
USES OF CORRESPONDENCE RECORDS
They are used:
1. For evidence of receiving and attending to mails.
2. To shoe the correct date a mail was received.
3. To record information about the content(s) of mails.
4. To show how the issue in context was handled by the organization. Tells whether an answer has been given or not.
5. To show exactly what agreement was made and the date of the decision.
6. It confirms delivery of mails.
7. It shows the origin of the mail and who or unit it was addressed to.
CLASSIFICATION OF CORRESPONDENCE RECORDS
Inward Book or Inward Register
Outward Book or Outward Register
Dispatch Book
As the information security officer at your organization, you are concerned that a vendor with access to your purchasing application might become compromised and act as a vector through which your systems may be attacked. You want to establish a vendor risk management process. You would most likely engage all of the following groups EXCEPT:_________
a. Procurement
b. Human Resources
c. Legal
d. Vendor Management
Answer:
Human resources
Explanation:
As an information security officer, I need to establish a vendor risk management process. I will have to engage
Procurement - because that department is directly involved in purchasing and dealing with vendors.
Legal - as I am looking to implement a risk management process, a legal department will help out defining the policy and to avert any lawsuits or government systems
Vendor Management - Because that group is directly dealing with vendors for their registration and other processes.
Human resource is not engaged because we are not looking for new manpower for HR to hire / recruit which makes them irrelevant.
If your seafood themed restaurant is located along the beachfront, which of these might be an effective marketing
strategy?
Answer:
Sponsor a surfing competition...
Explanation:
Just did it on Virtual Business
These might be a successful marketing tactic if your seafood restaurant is beachfront and support a surf-related event
What is marketing?Marketing is the process of investigating, developing, and providing value in terms of products and services to fulfill the needs of a target market. Potentially includes the selection of a target audience; the selection of certain traits or themes to emphasize in advertising;
Marketing is the activity of investigating, generating, and supplying value in the form of goods and services to fulfill the demands of a target market, potentially including the identification of a target audience; the selection of specific traits or themes to stress in advertising.
Therefore, These might be a successful marketing tactic if your seafood restaurant is beachfront and support a surf-related event
Learn more about marketing here:
https://brainly.com/question/13414268
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In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1, you receive a dividend of $2, and buy one more share for $46.50. At the end of year 2, you receive total dividends of $4 (i.e., $2 for each share), and sell the shares for $54.50 each. What is the time-weighted return on your investment
Answer:
17.76%
Explanation:
The computation of the time-weighted return on your investment is given below
But before that we have to do the following calculations
Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%
Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%
Now the time weighted return is
(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)
= 1.1412 × 1.2151
= √1.3867 - 1
= 17.76%
During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, $95,000, and $140,500, respectively. In addition, the company had an interest expense of $70,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible).
a. What is the company’s net income/loss for 2018?
b. What is the company's operating cash flow?
Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000