Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients.


Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 90,000 direct labor-hours would be required for the period’s estimated level of client service. The company also estimated $1,080,000 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm’s actual overhead cost for the year was $1,098,900 and its actual total direct labor was 93,350 hours.


Required:

Answer:

B. The smallest amount of change in a stimulus that would influence consumer consumption and choice.

Explanation:

The just meaningful difference (JMD) refers to the smallest amount of change in a stimulus that would influence consumer consumption and choice.

For instance, when the price of a particular product rises from $5.0 to $6.5, consumers wouldn't be motivated to buy such a product again and may choose to go for its close substitutes.

Hence, in marketing it is important to introduce a stimulus plan that will significantly increase consumer consumption and choice in order to increase sales and make profit.

Answer:

Following are the solution to this question:

Explanation:

In all the given choices some of the data is missing so, its correct entry can be defined as follows  

Cash account $7,840

Sales discount $160

To Accounts receivable $8,000

Answer:

the estimation of the cost of equity is 7.4%

Explanation:

The computation of the estimation of the cost of equity is shown below:

Here we used the Capital Asset Pricing model formula i.e.

Cost of equity = Risk free rate + Beta × market risk premium

= 6% + 0.20 × 7%

= 6% + 1.4%

= 7.4%

Hence, the estimation of the cost of equity is 7.4%

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

Answer: 0.58

Explanation:

Given the parameters in the question, Beta can be solved by the following formula;

= Correlation with market * ( Standard deviation of stock / Standard deviation of market)

= 0.53 * (32%/29%)

= 0.58

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

Answer:

D. shorter lead times.

Explanation:

Most of Zara's suppliers are actually working near Zara's headquarters in northern Spain. This  increases production costs, but also increases supply chain efficiency. Daily sales reports are sent by all the stores around the world and headquarters then replenish the products that are selling in higher volumes. Lead times are extremely short, stockouts are very rare, and inventory levels are extremely low. It is basically a fashion industry version of Toyota's JIT.

Answer:

The owner invests personal cash in the business. The company's asset account Cash increases. ... (If the company is a corporation, then the Common Stock account(s) will increase.)

Answer:

The weighted average cost of capital of Corporation is 11.4%

Explanation:

Now use following formula to calculate the weighted average cost of equity

WACC = ( Weight of equity x Cost of equity ) + ( Weight of debt x Cost of debt (after tax ) )

Weight

Equity  = 100%

Debt = 50%

Cost

First we need to calculate the cost of equity using CAPM formula

Cost of equity = Risk free rate + Beta x ( Market risk premium )

Placing values in the formula

Cost of equity = 8% + 0.90 x  7%

Cost of equity = 14.3%

Cost of debt = 8%

Cost of debt (after tax ) = 8% x ( 1 - 30% ) = 5.6%

Placing values in the formula of Weighted average cost of capital

WACC = ( ( 100%/150% ) x 14.3% ) + ( ( 50% / 150% ) x 5.6% )

WACC = 9.53% + 1.87%

WACC = 11.4%

Answer:

a. volatility

Explanation:

From the question, we are informed that "Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, trucks, and SUVs. In case of Doing this it helps Toyota manage the volatility of industrial demand.

volatility of industrial demand do occur where there is uncertainty as far as demand is concerned in the consumer products , as a result of this most firms to catch up with compitition, growing their sales an lot more , so in this case Toyota still continues to manufacture its traditionally fueled cars, trucks, and SUVs even though there is Mirai for the U.S. market.

Answer:

B. expressed as a percentage of sales.

Explanation:

The common size income statement is the income statement where n each line the item on the income statement should be expressed as a percentage of sales

In the given options, the option B is correct as it shows that the depreciation would be expressed in sales percentage

Therefore all other options are wrong

Answer:

a. $19.00

Explanation:

Note: The graph is as attached below

The low of the column where a quadruple top breakout occurs is $8.5 and width is 7 and box size is 0.5

The width of the pattern is 7 which is multiplied by 0.5 which is the box size and the reversal size of 3 for an Extension estimate (7 x 0.5 x 3 = $10.5).

Now,  $10.5 is added to the low of the column and hence price objective is $10.5 + $8.5 = $19

Answer:

a. Their needs require different products/services or different prices

Explanation:

A customer segment is a term in business that is used to describe a group of consumers with identical or related needs, behaviors, or other characteristics. For example Mass Market, Niche Market, etc.

However, customer groups represent separate segments based on the following:

1. their needs mandate and justify a distinct offer

2. they are sold through various distribution means.

3. they need different types of connection or arrangement.

4. they are ready to pay for various items of the offer

Answer:

I'm assuming you're looking for the original price? That would be $990 before the 10% discount.

Explanation:

Answer:

Stability in the financial system

– Price stability—fighting inflation

– Full employment

– Economic growth

– Interest rate stability

– Currency stability

Answer:

$766,250

Explanation:

The value of the firm is calculated as follows:

Value of firm = Current value + (Borrowing *Tax rate)

Value of firm = $670,000 + ($385,000*25%)

Value of firm = $670,000 + $96,250

Value of firm = $766,250

The value of the firm will be $766,250 if it borrows $385,000 and uses the proceeds to repurchase shares.

Answer:

Option "A" is the correct answer to the following question.

Explanation:

The transshipment issue is the particular case of the issue of LLP.

A special Linear Programming Problem is a transshipment problem because it approaches the premise that products can both be obtained and delivered at the very same time by both recovery and recycling.

Answer:

the annual required rate of return is 9.57%

Explanation:

The computation of the required rate of return is shown below:

Given that

Future value = $1,000

Present value = $990

PMT = $1,000 × 9% = $90

NPER = 2

The formula is shown below:

=RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the annual required rate of return is 9.57%

Answer:

cost of goods available for sale= $220,000

Explanation:

Giving the following information:

Beginning inventory of $80,000

Purchased merchandise for $140,000

To calculate the cost of goods available for sale, we need to use the following formula:

cost of goods available for sale= beginning inventory + purchase

cost of goods available for sale= 80,000 + 140,000

cost of goods available for sale= $220,000

Correct question read;

"This statement takes __________and subtracts_________ to determine an individual's or a family's cash surplus or deficit situation.

Answer:

note of income; the expenses

Explanation:

Remember, the income and expense statement as the name implies is a financial statement that takes note of all incomes into a financial account and then subtracting identified expenses from the income to determine if there was a loss or profit.

By following this method, one ultimately would be able to answer the question, "Where does all my money go?".

Answer:

The Company

The Impact of Each Transaction on the Accounting Equation:

1. Assets (Cash + $7,000) = Liabilities + Equity (Retained Earnings + $7,000)

2. Assets (Accounts Receivable + $5,500) = Liabilities + Equity (Retained Earnings + $5,500)

3. Assets (Cash -$2,150) = Liabilities + Equity (Retained Earnings -$2,150)

4. Assets (Cash +$2,750 Accounts Receivable -$2,750) = Liabilities + Equity

5. Assets (Cash -$1,000) = Liabilities + Equity (Retained Earnings -$1,000)

Explanation:

The Company applies the accounting equation, which states that Assets = Liabilities + Equity.  With each transaction, the accounting equation is demonstrated as shown above.  This means that each transaction that is properly recorded affects the accounting equation in two ways.  Note that the accounting equation is the basis for the double-entry system of financial accounting.

Answer: Cost leadership and differenciation in quality

Explanation:

Cost leadership; Nitendo was able to reduce production cost by subcontracting most of it's production, while the rest of it's production were done within(in-house), with this effect in cost of production reduced, Nitendo was able to reduce selling price and beat the competition in the market.

Differentiation in quality; Nintendo came with quality, their graphics and sounds were top-notch, despite that, they still invested more in main them better with better technology innovation.

Answer:

Cash accounting method

Explanation:

The cash accounting method records receipts and expenses during the period in which cash changes hands. In this method, revenue will be recorded when payment from a customer is received. Expenses are not recorded unless money is paid out.  In short, revenues and expenses are recognized and recorded only when cash is received or paid.

Cash accounting contrasts with the accrual accounting system, which recognizes revenues and expenses when their respective events occur.

Answer:7

Explanation:14

Answer:

The purpose of the closing entry is to reset the temporary account balances to zero on the general ledger, the record-keeping system for a company's financial data. Temporary accounts are used to record accounting activity during a specific period.

Explanation:

Answer: Gender and marital status and Job title.

Explanation:

Ratio scale simply refers to a form of quantitative variable measurement scale whereby differences can be compared by the researcher.

Of the options given among variables listed are considered to be ratio level data are gender, marital status and Job title.

Answer:

Portfolio Beta = 1.555857143 rounded off to 1.56

Explanation:

The portfolio beta is the function of the weighted average of the individual stock betas that form up the portfolio. The formula to calculate the beta of a portfolio containing two stock is as follows,

Portfolio Beta = wA * Beta of A  +  wB * Beta of B

Where,

As the investment in Stock of Bank of America is 20500 and the investment in stock of Twitter is 14500, the total investment in the portfolio will be,

Total investment = 20500 + 14500  =  35000

Portfolio Beta = 20500 / 35000 * 1.27  +  14500 / 35000 * 1.96

Portfolio Beta = 1.555857143 rounded off to 1.56

Answer:

d. 10.6% higher

Explanation:

Given that;

Real GDP = $13.2 trillion

Nominal GDP = $14.6 trillion

GDP deflator = (Nominal GDP/Real GDP)× 100)

Hence,

GDP deflator = (14.6 / 13.2 ) × 100

GDP deflator = 110.6%

Thus,

= 110.6 - 100

= 10.6% higher

Answer:

I used an excel spreadsheet since there is not enough room here. I ordered the given data:

                                              Fixed           Variable           Actual Total

Revenue                                                        $280                $39,250

Technician wages                $8,400                                       $8,250

Mobile lab operating exp.   $4,800              $31                   $9,290

Office expenses                   $2,400               $3                   $2,700

Advertising expenses           $1,580                                       $1,650

Insurance                              $2,870                                       $2,870

Miscellaneous expenses        $970                $1                      $425              

The actual results yielded an unfavorable operating income variance. Operating income = $14,065, unfavorable variance = $2,645

Answer:

Scubapro Corporation

The investor who currently has 20,000 shares has the right to buy this number of shares, if she exercises her preemptive right:

E) 8,000 shares.

Explanation:

Data and Calculations:

Outstanding common stock = 500,000

Planned issue of additional shares = 200,000

Proportion of new issue to outstanding = 0.40 (200,000/500,000)

For an investor with 20,000 shares, she has the right to buy 8,000 (20,000 * 0.40) additional shares.

Answer:

A. Economic order​ quantity= 319

B. Annual holding​ costs= 3,669

C. Annual ordering​ costs= 3,669

D. 154

Explanation:

a) Calculation for the economic order​ quantity

Using this formula

Economic order​ quantity=√2*Demand*Cost order/Annual holding cost

Let plug in the formula

Economic order​ quantity=√2*15,400*76/23

Economic order​ quantity=√2,340,800/23

Economic order​ quantity=√101,774

Economic order​ quantity= 319

b) Calculation for annual holding​ costs

Using this formula

Annual holding​ costs=Economic order​ quantity/2*Annual holding cost

Let plug in the formula

Annual holding​ costs=319/2*23

Annual holding​ costs= 3,669

c) Calculation for the annual ordering​ costs

Using this formula

Annual ordering​ costs=Demand/Economic order​ quantity*Cost order

Let plug in the formula

Annual ordering​ costs=15,400/319*76

Annual ordering​ costs= 3,669

d) Calculation for reorder​ point

Using this formula

Reorder point=Demand/Numbers of days the company operate per​ year*Lead time

Let plug in the formula

Reorder point=15,400/300 days per year*3

Reorder point= 154

Answer:

B) salesmen have granted customers an extension of credit terms.

Explanation:

receivables turnover ratio = net sales / average accounts receivable

A low receivables turnover ratio is usually a bad thing, since most companies sell on credit, i.e. their accounts receivable should be important. A high receivables turnover ratio means that the company is collecting its accounts receivable efficiently and its customers are good payers.

The key point here is average accounts receivable. What can result in a company having very high accounts receivable (compared to its total sales)? The answer is simple, their customers are not paying on time or the company had to extend their credit terms in order to attract more customers.