Answer:
D.
Explanation:
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Dell has a standard usage of 1 pound direct materials. Direct materials have a standard price of $26 per pound. In April, Dell produced 4,790 units and paid $142,000 for 5,030 pounds direct materials. Calculate the direct materials quantity variance.
Answer:
the direct material quantity variance is $6,240 unfavorable
Explanation:
The computation of the direct material quantity variance is shown below:
The direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (5,030 pounds - 4,790 pounds) × $26
= $6,240 unfavorable
Hence, the direct material quantity variance is $6,240 unfavorable
The same would be considered and relevant
C Corporation reported accounts receivable balance 600 at the beginning of the year and 850 at the end of the year. Allowance for bad debts was 20 at the beginning of the year and 25 at the end of the year. Sales revenues were $1,900 and bad debt expense was $28 for the year. Net income for the year was $500. How much cash was collected from customers on account
Answer: $1,627
Explanation:
Cash collected from customers on account is:
= Beginning accounts receivable + Sales - Ending accounts receivable - Bad debt written off
Bad debt written off = Beginning allowance + Bad debt expense for the year - ending allowance
= 20 + 28 - 25
= $23
Cash collected:
= 600 + 1,900 - 850 - 23
= $1,627
Which phrase best completes the diagram?
Exchange rate increases. -> ___?____
A. Interest rates increase
B. Trade deficit increases
C. Economic growth decreases
D. Inflation rates increase
Explanation:
trade deficite ingreasea
The correct phrase to complete the diagram is "Trade deficit increases". When the exchange rate increases, it means that the currency of the country becomes stronger relative to other currencies. Therefore, option B is correct.
What is an Exchange rate?An exchange rate refers to the value of one currency expressed in terms of another currency. In other words, it is the price of one currency in terms of another currency.
Exchange rates are used to convert one currency into another for a variety of purposes, such as international trade, investment, tourism, and remittance. Exchange rates are constantly fluctuating due to a variety of factors, including economic, political, and social factors, as well as supply and demand in foreign exchange markets.
Exchange rates can be expressed in two ways: direct quote and indirect quote. A direct quote expresses the value of one unit of a foreign currency in terms of the domestic currency, while an indirect quote expresses the value of one unit of the domestic currency in terms of the foreign currency.
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On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years, and a salvage value of $2,400. Assume that ABC uses the straight-line method of depreciation for Equipment C. A Prepare the journal entry to record depreciation on the equipment for 2016. (5)
Answer:
Debit : Depreciation $8,700
Credit : Accumulated Depreciation $8,700
Explanation:
the journal entry to record depreciation on the equipment for 2016.
Ending raw materials would appear in which of the following budgets?
(A) Debit Labor Budget
(B) Direct Materials Budget
(C) Budgeted Income Statement
(D) Sales Budget
Answer:
B
Explanation:
Raw materials will fall under a material budget as it is only for purchasing the raw materials
. Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Analysts expect the price of Confusion Corp shares to be $22 a year from now. The beta of Confusion Corp's stock is 1.25. What is the intrinsic value of Confusion's stock today
Answer:
$20.60
Explanation:
Required Return of Stock = Risk free Rate + Beta*(Expected Return of market - Risk free Rate)
Required Return of Stock = 16.5% (4% + 1.25*(14% - 4%)), Expected Dividend in upcoming year(D1) = $2, Expected Price 1 years from now(P1) = $22
Intrinsic value of Confusion's stock today (P0):
P0 = (D1 + P) / (1 + Ke)^1
P0 = (2 + 22) (1 + 0.165)^1
P0 = 24 / 1.165
P0 = 20.60086
P0 = $20.60
Because leaders need to devise effective solutions in short time spans with limited information, they need to have Multiple Choice interpersonal abilities. conceptual skills. business skills. strategic skills. cognitive abilities.
Answer:
cognitive abilities.
Explanation:
Cognitive abilities can be regarded as skills that is a brain-based, and it's abilities that is required in carrying out different tasks, this could range from the simplest task to most complex ones. Cognitive abilities can be attributed to mechanisms of learning, remembering as well as problem-solving. It should be noted that as leaders need to devise effective solutions in short time spans with limited information, they need to have cognitive abilities.
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,538,000 $2,485,700 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 80,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to
Answer:
1. Earnings per share = (Net income - Preferred Dividend) / Average Common Stock EPS
Earnings per share 20Y5 = (1538000 - 50000) / 80000
Earnings per share 20Y5 = $18.60
Earnings per share 20Y6 = (2485700 - 50000) / 115000
Earnings per share 20Y6 = $21.18
2. The charnge in EPS is Favourable because there is increase in Earnings per share over the year.
The Core Company had the following assets and liabilities as of December 31: Assets Cash $58,000 Accounts receivable 25,000 Inventory 20,000 Equipment 50,000 Liabilities Current portion of long-term debt $20,000 Accounts payable 12,000 Long-term debt 25,000 Calculate the current ratio, working capital, and quick ratio. If required, round your answers to one decimal place. Current Ratio fill in the blank 1 Working Capital $fill in the blank 2 Quick Ratio fill in the blank 3
Answer:
Current Ratio 3.2
Working Capital $71,000
Quick Ratio 2.6
Explanation:
Calculation to determine Current Ratio, Working Capital and Quick Ratio Correct Answer:
Current Ratio= ($58,000 + $25,000 + $20,000) / ($20,000 + $12,000)
Current Ratio= $103,000/32,000
Current Ratio = 3.2
Working Capital= $103,000 - $32,000
Working Capital= $71,000
Quick Ratio=($58,000 + $25,000) / ($20,000 + $12,000)
Quick Ratio=$83,000/$32,000
Quick Ratio= 2.6
Therefore:
Current Ratio 3.2
Working Capital $71,000
Quick Ratio 2.6
Suppose there are only two types of people, healthy people who never get sick and unhealthy people who have very high health care costs.
Suppose that each person can work for one of only two firms. The firm of Initech pays all health insurance costs and their insurance covers all possible health issues. The company Wayne Enterprises pays a small part of the health insurance costs and requires high copayments, but they also pay higher wages to compensate healthy people for their health costs but not unhealthy people. Also, assume that the two firms produce the exact same product and the types of work employees perform at the firms are identical.
Required:
a. Which type of workers will likely work for Aurilia, Kent, and Snow?
b. Which type of workers will likely work for OCP?
Answer:
Explanation:
The type of case is solved by the use of Adverse selection.
Adverse selection is a problem that occurs when market participants have asymmetric knowledge, information, and understanding.
Now, the unhealthy workers will preferably work for Aurilia, Kent, and Snow. This is because, They have quite huge healthcare costs, and Aurillia, Kent, and Snow bear all healthcare costs, and their insurance covers all healthcare problems. Healthy people, on the other hand, find it less appealing.
However, Healthy employees are much more preferably to work with OCP and they allocate and give them higher wages to healthy people to compensate or reimburse them for their healthcare expenses.
Staff from Aurillia, Kent, and Snow, on the other hand, find it less appealing since they just pay a limited portion of the premium rate, which would not offset the high healthcare costs of unhealthy workers.
What is the Net Present Value of the following cash flow streams at an interest rate of 8.25%: at year 0: $0; year 1: $75; year 2: $225; year 3: $0; and year 4: $300. $__.
Answer:
the net present value is $479.7743
Explanation:
The computation of the net present value is shown below:
= cash flow ÷ (1+interest rate)^number of years
= $75 ÷ (1.0825) + $225 ÷ (1.0825)^2 + $300 ÷ (1.0825)^4
= $479.7743
Hence, the net present value is $479.7743
We simply applied the above formula so that the correct amount could come
ABC's sales equal $60,000 and cost of goods sold equals $20,000. Its beginning inventory was $1,600 and its ending inventory is $2,400. ABC's inventory turnover ratio equals how many times a year?
A) 5 times.
B) 30 times.
C) 10 times.
D) 20 times.
Answer:
C) 10 times
Explanation:
Calculation to determine ABC's inventory turnover ratio equals how many times a year
Using this formula
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Let plug in the formula
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore ABC's inventory turnover ratio will equals 10 times a year
ABC's sales equal $60,000 and cost of goods sold equals $20,000. The, ABC's inventory turnover ratio equals to 10 times a year.
What is Inventory Turnover ratio?
Inventory turnover ration represents the total inventory that is sold, but and replaced by person. It can be calculated by dividing cost of goods sold by average inventory.
Calculation to determine ABC's inventory turnover ratio:-
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore, correct option is C.
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If Larry does not know about the theft or any problems with the instrument, what is the status of Larry
Incomplete question. The full question read;
Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, to whom Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry:
1. Accommodation Indorser
2. Ordinary Holder
3. A Maker
4. Holder in Due Course
Answer:
4. Holder in Due Course
Explanation:
Under the provisions made by the law, basically when someone holds possession of a payment instrument such as a check without knowledge that the instrument has either been:
dishonored,or it has been altered, forged,or contain some irregularities, etc,This individual (Larry) who holds this payment instrument in good faith is termed the Holder in Due Course.
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 100,000 units of basic, 460,000 units of classic, and 170,000 units of deluxe. Bricktan has limited production capacity of 110,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the total contribution margin if Bricktan chooses the most profitable sales mix
Answer:
Bricktan Inc.
The total contribution margin if Bricktan chooses the most profitable sales mix is:
= $22,350,000.
Explanation:
a) Data and Calculations:
Basic Classic Deluxe
Sales units 100,000 460,000 170,000
Limited production capacity = 110,000 hours
Units per hour 10 8 4
Sales mix 10 8 4
Contribution per unit $15 $25 $55
Contribution per hour $150 $200 $220
Total production hours 10,000 57,500 42,500
Total contribution margin $1,500,000 $11,500,000 $9,350,000
Total contribution = $22,350,000
Hallie painted a picture and wanted to make it available for sale on the
Internet. How can she best protect her work from intellectual property theft?
O A. Hire a security guard
B. Hire an intellectual property lawyer
C. Add a watermark
a
O D. Change her password
Answer:
c adding a watermark they cannot remove it if they copy picture off the internet.
The correct option is C.
What does a watermark mean?Watermarking is the process of superimposing a logo or piece of text atop a document or image file, and it's an important process when it comes to both the copyright protection and marketing of digital works.
What is a watermark on a photo?A watermark is a logo, piece of text, or signature superimposed onto a photograph. Watermarks are typically transparent, so those viewing the image can still admire it. You can usually identify the photographer through the watermark, too.
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Robo Hot Inc., is a company that markets electric heaters to hospitals. Mr. Heatmizer, it's CEO, would ike to reduce its inventory cost by determining the optimal number of electric heaters to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Using these figures, calculate the expected number of orders per year.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).
The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
assume a model with an ordinary upward sloping aggregate supply curve and a downward sloping aggregate demand curve. what are the effects pf an increase in aggregate supply
Answer: e. Real GDP increases and the price level falls.
Explanation:
When the Aggregate Supply increases in the economy, there will be more goods and services for people to patronize. This will lead to a fall in price as per the rules of demand and supply so the general price level will fall as aggregate measures affect the entire economy.
At the same time, real GDP will increase because a higher Aggregate supply means that more goods and services are being produced in the economy which is how Real GDP increases.
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:
1. Andrea invested $15,400 cash in the business in exchange for common stock.
2. Andrea contributed $39,000 of photography equipment to the business.
3. The company paid $4,000 cash for an insurance policy covering the next 24 months.
4. The company received $7,600 cash for services provided during January.
5. The company purchased $8,100 of office equipment on credit.
6. The company provided $4,650 of services to customers on account.
7. The company paid cash of $3,400 for monthly rent.
8. The company paid $5,000 on the office equipment purchased in transaction
Based on this information, the balance in the A. Apple, Capital account reported on the Statement of Owner's Equity at the end of the month would be:________
Answer:
the ending balance of an equity is $63,250
Explanation:
The computation of the ending balance of equity is shown below:
Cash Invested $15,400
Photography equipment contributed $39,000
Service revenue for cash $7,600
Service revenue on account $4,650
Monthly rent paid -$3,400
Ending balance of an equity $63,250
Hence, the ending balance of an equity is $63,250
9. OMG Corporation just paid a $1.50 annual dividend on each share. It is planning on increasing its dividend by 15 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 4 percent per year, and keep it that way indefinitely. The required rate of return is 7.00 percent. Calculate the current value of one share of this corporation's stock.
The current value of one share of the corporation's stock is $76.59.
What is the value of the stock?The two-stage dividend model would be used to determine the value of the stock. In the two-stage dividend growth model, the first stage is characterised by a fast growth rate which becomes steady in the second stage.
Dividend in Y1 = 1.50 x 1.15 = 1.725Dividend in Y2 = 1.50 x 1.15^2 = 1.98Dividend in Y3 = 1.50 x 1.15^3 = 2.28Dividend in Y4 = 1.50 x 1.15^4 = 2.62Dividend in Y4 = (2.62 X 1.04) / (0.07 - 0.04) = 90.95Find the present value of these cash flows
Value of the stock = $76.59
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Marina collects and records data in an Excel spreadsheet. She uses the data to produce a line graph.
Marina wants to change the graph so the minimum distance on the y-axis is 0. What should be done to make this change?
A. Adjust the Minimum option to Fixed and change to 0.
B. Adjust the chart style to a 3-D chart so all the data will be displayed.
C. Adjust the selection pane so that the full range of data is selected.
D. Adjust the intervals between tick marks to -10 in the Axis Options box.
Answer:
A. Adjust the Minimum option to Fixed and change to 0.
Explanation:
Took the course
If demand for reserves is predected to increase temporarily, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves.
Answer:4.1
Explanation:
Each of the following are advantages of bonds except: multiple choice bonds do not affect owner control bonds require payment of periodic interest and par value at maturity bonds can increase return on equity
Answer:
bonds require payment of periodic interest and par value at maturity bonds.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
The disadvantages of bonds are listed below as;
1. Bonds typically require a payment of periodic interest.
2. Bonds require a payment of the principal amount.
3. Bonds can decrease a person's return on equity.
4. The payments of a bond by the bond issuer may become burdensome when cash flow and income are quite low.
At Sheridan Electronics, it costs $30 per unit ($16 variable and $14 fixed) to make an MP3 player that normally sells for $49. A foreign wholesaler offers to buy 4,570 units at $25 each. Sheridan Electronics will incur special shipping costs of $1 per unit. Assuming that Sheridan Electronics has excess operating capacity, indicate the net income (loss) Sheridan Electronics would realize by accepting the special order.
The special order should be:________
Answer:
Reject Accept Net Income
order order increase / (decrease)
Revenues $0 $114,250 $114,250
(4570*25)
Cost - variable manufacturing $0 $73,120 ($73,120)
(4570*16)
Shipping $0 $4,570 ($4,570)
(4570*1)
Net Income $0 $36,560 $36,560
So, the special order should be accepted.
Which one of these equations is an accurate expression of the balance sheet? Assets ≡ Liabilities −Stockholders’ equity Stockholders’ equity ≡ Assets + Liabilities Liabilities ≡ Stockholders’ equity −Assets Assets ≡ Stockholders’ equity −Liabilities Stockholders’ equity ≡ Assets −Liabilities
Answer:
Stockholders’ equity ≡ Assets −Liabilities
Explanation:
The Balance Sheet equation is also known as the Accounting equation. It can be written in 3 ways as :
Assets = Equity + Liabilities
or
Equity = Assets - Liabilities
or
Liabilities = Assets - Equity
The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant. True False
Answer:
True
Explanation:
At the time when the future sum of the present value reduced and it can be either the discount rate or the number of the period on a yearly basis increased being the other things would remain the same
So the given statement is true
Hence, the same should be considered and relevant too
Find the compound interest on $2,500 at .75% interest compounded daily by the Leader Financial Bank for 20 days.
Answer:
Interest= $402.96
Explanation:
Giving the following information:
Initial investment (PV)= $2,500
Interest rate (i)= 0.0075
Number of periods (n)= 20 days
To calculate the interest earned after 20 days, we need to use the following formula:
Interest= PV*(1 + i)^n - PV
Interest= 2,500*(1.0075^20) - 2,500
Interest= $402.96
Assume Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker hours. If it chooses to produce 15 batches of apples, how many batches of peaches can it produce
Answer:
40
Explanation:
Batches of apples produced in one hour = 35/100 = 0.35
Batches of peaches produced in one hour = 70/100 = 0.70
total hours it would take to produce 15 batches of apples = 15 / 0.35 = 42.86 = 43 hours
this would leave (100 - 43) 57 hours to make peaches
Batches of peaches that can be made in 43 hours = 57 x 0.7 = 39.9 = 40 batches
HandZone, a manufacturer of high-quality gloves and a variety of accessories, already has both computer-aided design and computer-aided manufacturing. Unfortunately, the two systems cannot communicate with each other. David Warmdigit, a production manager at HandZone, has heard about some software that allows CAD and CAM to work together, and wants to learn more about it. David is interested in:
Answer:
computer integrated manufacturing.
Explanation:
Robotic process automation can be defined as a technical process which typically involves the automatic performance of a task by a computer-based software.
Computer-assisted manufacturing (CAM) can be defined as manufacturing process which typically involves the use of specialized computer systems to instruct, guide, and control the transformation process of inputs (raw materials) into finished goods (outputs).
Basically, computer-assisted manufacturing (CAM) avails manufacturers or business owners the ability to infuse process control into their production or assembly line and as such enhancing the level of production, performance and efficiency.
Generally, process control is mainly used in manufacturing industries such as food and beverages industries, oil and gas refinery industries, power (electricity) generation industries, chemical processing industries, and wastewater management industries where the production of materials from raw materials are continuously without any interruption.
Hence, the main purpose of computer-assisted manufacturing (CAM) is to ensure that the manufacturing process is done with better quality, consistency, safety standards and efficiency through the adoption (use) of specialized software applications for machine automation.
In conclusion, we can deduce that David is interested in computer integrated manufacturing.
The final phase of the systems development life cycle is systems ________. Select one: a. implementation b. maintenance c. operation d. design e. analysis
Answer:
b. maintenance
Explanation:
The systems development life cycle contains 5 steps i.e.
1. Planning
2. Analysis
3. Design
4. Implementation
5. Maintenance
The final phase is the maintenance & required regular updated. It occurs when the end users could fine the system in the case when they want to increase the performance, or add new capabilities or meeting extra user requirements so it can be done under this step
A toy manufacturer uses 51,450 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.90 per wheel per year. Setup cost for a production run is $43. The firm operates 245 days per year. Determine the following:
Answer:
Requirement "a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.) EPQ b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.) Total Annual Inventory Cost"
a. Annual Demand D = 51450
Daily demand d = 210 {51450 / 245}
Daily production p = 800
Carrying cost per wheel per year H = $1.90
Setup cost S = $43
Optimal run size (EPQ) = √((2*D*S) / (H*(1 - (d/p))))
Optimal run size (EPQ) = √((2*51450*43) / (1.90*(1 - (210/800))))
Optimal run size (EPQ) = √((2*51450*43) / (1.90*0.7375))
Optimal run size (EPQ) = √(4424700 / 1.40125)
Optimal run size (EPQ) = √3157680.64
Optimal run size (EPQ) = 1776.986
Optimal run size (EPQ) = 1,777
b. Total Annual Setup cost = (D*S) / EPQ
Total Annual Setup cost = (51450*43) / 1777
Total Annual Setup cost = $1,244.99
Total Annual Carrying cost = ((H*EOQ)/2) * (1-(d/p))
Total Annual Carrying cost = ((1.90*1777)/2) * (1-(210 / 800))
Total Annual Carrying cost = ((1.90*1777)/2) * 0.7375
Total Annual Carrying cost = $1,688.15 * 0.7375
Total Annual Carrying cost = $1245.010625
Total Annual Carrying cost = $1,245.01
Total Minimum Annual cost for Carrying and Setup = Total Annual Carrying cost + Total Annual Setup cost
= $1245.01 + $1244.99
= $2,490