There are assumptions that currently and in the past alcohol and cigarettes advertisements were responsible for a very large percentage of sports bill boards in Namibia. What explanation can you offer for why these products are used to dominate the sports bill boards medium. Discuss with clear examples

Answers

Answer 1

Answer:

The advertisements make both drinking and smoking appear like casual and ordinary activities. The adverts function as a superpower by negligibly pressuring sports prayers and fans to consume alcohol and cigarettes. For instance, the adverts have messages to encourage viewers to us beer and switch to become champions like a winning football club.

Explanation:


Related Questions

Management of Mittel Company would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported:

Inspection time 0.2 days
Wait time (from order to start of production) 17.0 days
Process time 3.1 days
Move time 0.9 days
Queue time 4.2 days

Required:
a. Compute the throughput time. (Round your answer to 1 decimal place.)
b. Compute the manufacturing cycle efficiency (MCE) for the quarter.
c. What percentage of the throughput time was spent in non–value-added activities?
d. Compute the delivery cycle time.
e. If by using Lean Production all queue time during production is eliminated, what will be the new MCE?

Answers

Answer:1.

a)Through put time =8.4days

b)The manufacturing cycle efficiency  =36.9%

c)percentage of the through put time spent on non–value-added activities =63.1%

d)Delivery time =25.4days

e) The  New  manufacturing cycle efficiency =73.8%

Explanation:

1. The through put time is given as

Process time + Inspection time + Move time+Queue time

Through put time=3.1 + 0.2 + 0.9 + 4.2

Through put time=8.4days

2. The manufacturing cycle efficiency

,is given as

Process  ÷Through put time

manufacturing cycle efficiency

, =3.1/8.4=0.369=36.9%

3. The manufacturing cycle efficiency

, is 36.9%

Thus percentage of the throughput time spent in non–value-added activities is  given as

1 - 36.9% = 63.1%

4.The delivery cycle time is calculated as

Wait time + through put time

Delivery cycle =17.0  + 8.4 = 25.4 days

5.  The New manufacturing cycle efficiency  is calculated as

Process ÷through put time

But the new through put time =8.4 -4.2=4.2

New  manufacturing cycle efficiency  =3.1 / 4.2 = 0.7380

=73.8%

In June 2015, the unemployment rate declined to 5.3 percent from 5.5 percent in May. The labor force participation rate also declined from May to June, from 62.9 percent to 62.6 percent. If the labor force participation rate had remained unchanged from May to June, the unemployment rate for June 2015 would be

Answers

Answer: A. greater than 5.3 percent because the value in the numerator of the formula for the unemployment rate would increase more than the value in the denominator.

Explanation:

The unemployment rate is calculated by dividing the number of those who are unemployed but actively seeking employment by the labor force.

= Unemployed / Labor force

If the labor force participation rate had remained unchanged then that would mean that the denominator for the unemployment rate did not change while unemployment did.

The unemployment rate will therefore be greater than 5.3% because the numerator which is the unemployment figure, would have increase more than the denominator.

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The company borrowed $2,050,000 at 11% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021:$6,000,000, 16% bonds$4,000,000, 11% long-term note Construction expenditures incurred during 2021 were as follows:January 1 $ 840,000March 31 1,440,000June 30 1,088,000September 30 840,000December 31 640,000Required:Calculate the amount of interest capitalized for 2021 using the specific interest method. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (i.e. 0.123 should be entered as 12.3%).)

Answers

Answer:

Highlands Company

The interest capitalized is:

= $294,140.

Explanation:

a) Data and Calculations:

Borrowings on January 1 = $2,050,000 at 11%

Debt outstanding throughout 2021:

16% bonds = $6,000,000

11% long-term note = $4,000,000

Construction expenditures:

January 1        $ 840,000

March 31          1,440,000

June 30           1,088,000

September 30  840,000

December 31    640,000

Date              Expenditure   Weights Weighted-Average

January 1        $ 840,000        12/12       $840,000

March 31          1,440,000         9/12       1,080,000

June 30           1,088,000         6/12         544,000

September 30  840,000          3/12         210,000

December 31    640,000         0/12          0

Accumulated weighted-average expenditure = $2,674,000

Interest capitalized for 2021, using the specific interest method = $ ($2,674,000 * 11%)

= $294,140

how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?​​

Answers

it will give them a more developed country and a greater potential for increased industrialization.

Which of the following is the most profitable investment for a candy shop that earns $1 profit per pound of candy? (5 points) Group of answer choices:
Worker at $10 per hour, producing eight pounds of candy per hour
Worker at $12 per hour, producing 16 pounds of candy per hour
Machine with $5 per hour operating cost, producing 10 pounds of candy per hour Machine with $8 per hour operating cost, producing 14 pounds of candy per hour

Answers

Worker at $12 per hour, producing 16 pounds of candy per hour

Answer:

Worker at $12 per hour, producing 16 pounds of candy per hour

Explanation:

Software Distributors reports net income of $48,000. Included in that number is depreciation expense of $6,500 and a loss on the sale of land of $4,300. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $18,000, a decrease in inventory of $11,500, and an increase in accounts payable of $38,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

Answers

Answer:

Operating Activities Section

Net Income                                                             $48,000

Adjust for non -cash items :

Depreciation expense                                             $6,500

Loss on the sale of land                                          $4,300

Adjust for changes in working capital :

Decrease in accounts receivable                         $18,000

Decrease in inventory                                            $11,500

Increase in accounts payable                              $38,000

Net Cash Provided by Operating Activities      $126,000

Explanation:

The Indirect Method of preparing the cash flow from operating activities section reconciles the Net Income for the Year to Operating Cash flow amount.

This reconciliation adjusts non cash items previously included in net income and changes in working capital to arrive at Operating Cash flow amount as shown above.

If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: production of many varieties of toothpaste, including those with whitening agents. quality differences among the various brands. setting the price of the product well below the price charged by the rivals. differentiation in the locations where certain toothpastes are available.

Answers

Answer:

setting the price of the product well below the price charged by the rival

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this

. During 2007, Eaton Corp. started a construction job with a total contract price of $7,000,000. It was completed on December 15, 2008. Additional data are as follows: 2007 2008 Actual costs incurred in current year $2,700,000 $3,050,000 Estimated remaining costs 2,700,000 — Billed to customer 2,400,000 4,600,000 Received from customer 2,000,000 4,800,000 Under the completed-contract method, what amount should Eaton recognize as gross profit for 2008?

Answers

Answer:

$1,250,000

Explanation:

Calculation to determine what amount should Eaton recognize as gross profit for 2008

Using this formula

2008 Recognized gross profit=Total contract price- 2007 Actual costs incurred in current year -2008 Actual costs incurred in current year

Let plug in the formula

2008 Recognized gross profit=$7,000,000 - $2,700,000 - $3,050,000

2008 Recognized gross profit=$1,250,000

Therefore The amount that Eaton should recognize as gross profit for 2008 is $1,250,000

Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services:

Fees Earned $243,000
Dividends 33,000
Rent Expense 50,800
Retained Earnings 540,000
Supplies Expense 12,400
Wages Expense 213,300
Miscellaneous Expense 5,900

Required:
Journalize the closing entries required to close the accounts.

Answers

Answer:

May-31

Dr Fees earned $243,000

Retained earnings $33,500

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

Explanation:

Preparation to Journalize the closing entries required to close the accounts.

May-31

Dr Fees earned $243,000

Retained earnings $33,500

($213,300+$12,400+$50,800-$243,000)

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

(To close the Expenses )

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

(To close the dividends )

The market demand curve in perfect competition is found by A. the interaction of supply and demand at the individual firm and consumer levels. B. horizontally summing the demand curves of the individual consumers. C. utility maximizing behavior of the​ "representative consumer." D. horizontally summing the supply curves of the individual firms in the industry.

Answers

Answer:

b

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

the demand curve is a graph of the quantity demanded on the vertical axis and the price on the horizontal axis. it is downward sloping

market demand curve is the aggregation of demand curves 

Because goods are identical, market demand curve can be determined by horizontally summing the demand curves of the individual consumers

On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,000, 8%, annual interest-bearing note. Andress agrees to repay the $80,000 proceeds on December 31, 2021. The prevailing interest rate on similar notes is 11%. Assume that the cost of the land is equal to the fair value of the note.
Required:
Prepare all entries for Jacobs over the note term, including any year-end adjustments. Use the effective interest method to amortize the discount.

Answers

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

                                                    PV Factor     Present Value

Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

                                                                           $75,888

Journal Entries

Date                Particular                            Debit ($)        Credit ($)    Working  

Jan 1, 2020 Note Receivable                80,000  

                       Discount on Receivable              4,112  

                       Land                                             75,888  

Dec 31, 2020  Cash                                6,400  

                        Discount on Receivable 1,948                    (8348-6400)

                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

Dennis Kozlowski, John Thain, and Raj Rajaratnam are former CEOs mentioned in the text that have been involved in corporate governance problems to one degree or another. What did Dennis Kozlowski do that was considered inappropriate behavior? Multiple Choice He provided insider information to the Goldman Sachs' board. He sold 500,000 shares of his personal stock right before a negative quarterly earnings report was released. He spent $2 million of company funds for his own birthday party. He created a Ponzi scheme that grew to $65 billion dollars before the SEC shut it down. He spent $1.2 million of company funds redecorating his office while demanding cost cutting from employees.

Answers

Answer: He spent $2 million of company funds for his own birthday party.

Explanation:

The article in question relates to the Agency problem which is a problem that arises as a result of management acting in such a way as to benefit themselves instead of the shareholders that they are supposed to be maximizing wealth for.

Dennis Kozlowski was the former CEO of Tyco. In this position, he committed several financial crimes such as throwing a $2 million birthday party that was funded by the company. He eventually went to prison for this and the other crimes.

What are the dimensions of organizational climate in restaurant management?

Answers

These 17 dimensions of organizational climate include: autonomy, integration, involvement, supervisory support, training, welfare, formalization, tradition, innovation and flexibility, outward focus, reflexivity, clarity of orga- nizational goals, efficiency, effort, performance feedback, pressure to produce,

Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract business customers during the weekdays and leisure customers during the weekend. However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays.
Thus, Cityscape plans to provide special weekend pricing to attract additional leisure customers. A hotel room is priced at $180 per room night. The cost of a hotel room night includes the following:
Cost Per Room Night (at normal occupancy)
Housekeeping service................................................................$ 23
Utilities............................................................................................7
Amenities........................................................................................3
Hotel depreciation.........................................................................55
Hotel staff (excluding housekeeping)............................................42
Total....................................................................................$130
The special weekend price is proposed for $120 per room night. At this price, it is anticipated that average occupancy for the weekend (Friday, Saturday, and Sunday) will increase from 30% to 50% of available rooms.
A. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels?
B. Determine the contribution margin for a room night under the proposed weekend pricing.
C. Prepare a differential analysis showing the differential income for an average weekend between the existing (Alternative 1) and discount (Alternative 2) price plan.
D. Should management accept the proposed weekend pricing plan? Explain.

Answers

Answer: See explanation and attachment

Explanation:

a. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels?

Price = $180

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $147

B. Determine the contribution margin for a room night under the proposed weekend pricing.

Price = $120

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $87

C. Prepare a differential analysis showing the differential income for an average weekend between the existing (Alternative 1) and discount (Alternative 2) price plan.

Check attachment for solution

D. Should management accept the proposed weekend pricing plan? Explain.

No. From the calculation in C, there is reduction in income.

What is the term for the daily activity of handling economic resources and planning for future economic goals?

Answers

Answer:

Money Management

Explanation:

You own a portfolio that has $1,600 invested in Stock A and $2,700 invested in Stock B. Assume the expected returns on these stocks are 11 percent and 17 percent, respectively. What is the expected return on the portfolio

Answers

Answer:

the expected return on the portfolio is 14.77%

Explanation:

The computation of the expected return on the portfolio is shown below:

The expected return is

= ($1,600 ÷ $4,300) × 11% + ($2,700 ÷ $4,300) × 17%

= 14.767 %

= 14.77%

The $4,300 comes from

= $1,600 + $2,700

= $4,300

hence, the expected return on the portfolio is 14.77%

The same is considered

The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company purchased 21,700 pounds of the direct material at $6.70 per pound. The actual direct labor rate was $19.20 per hour and the actual variable overhead rate was $1.80 per hour.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for June is: _________

a. $36 U
b. $36 F
c. $40 U
d. $40 F

Answers

Answer:

d. $40 F

Explanation:

Calculation to determine what The variable overhead efficiency variance for June is

First step is to calculate the SH

SH = 2,500 units × 0.4 hour per unit

SH= 1,000 hours

Now let calculate the Variable overhead efficiency variance

Using this formula

Variable overhead efficiency variance = (AH - SH) × SR

Let plug in the formula

Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour

Variable overhead efficiency variance= $40 F

Therefore Variable overhead efficiency variance is $40 F

According to the law of demand, as prices fall, ceteris paribus
quantity demanded decreases.
demand increases.
quantity demanded increases.
demand decreases

Answers

Answer:

quantity demanded increases

Explanation:

price and demand are inversely related

this means as price falls it increases the willingness and ability of consumers to purchase a product.

Stork Associates paid $65,400 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $2,200. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.
a. Stork can deduct $ for this event.
b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.

Answers

Answer: a. $1100

b. $0

Explanation:

It should be noted that according to IRS, 50% of the expenses on business meals will be deducted by tax payers when some conditions are met such as:

• Expenses incurred shouldn't be costly or extravagant.

• Expenses are necessary.

• Expenses on meal were incurred separately from expenses on entertainment.

• The taxpayer was present there when the expenses were incurred.

Based on the above,

a. The amount that Stork can deduct will be:

= 50% × $2200

= 0.5 × $2200

= $1100

b. If there was no bona fide business discussion either preceding or after the event, the deduction will be $0 because in such case, no expenses were incurred on food or entertainment.

Gilberto Company currently manufactures 90,000 units per year of one of its crucial parts. Variable costs are $3.20 per unit, fixed costs related to making this part are $100,000 per year, and allocated fixed costs are $87,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $4.40 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 90,000 and buying 90,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier?

Answers

Answer:

Part 1

total incremental cost of making 90,000 units =  $388,000

total incremental cost of buying 90,000 units = $396,000

Part 2

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

Explanation:

total incremental cost of making 90,000 units

Variable costs are ($3.20 x 90,000 units)    $288,000

Fixed Costs                                                      $100,000

Total                                                                 $388,000

total incremental cost of buying 90,000 units

Purchase Price ($4.40 x 90,000 units)          $396,000

Total                                                                 $396,000

Decision :

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

60. Pricing decisions may include which of the following?
a. Bundling
b. Pricing Strategy
C. Target group their concepts of Value
d. All of the above​

Answers

Answer:

b. Pricing Strategy is the right answer

Explanation:

please mark me as brainliest answer

Answer:

Hello There!!

Explanation:

I think the answer is possibly d. All of the above.

hope this helps,have a great day!!

~Pinky~

Presented below are selected ledger accounts of Whispering Corporation as of December 31, 2020.

Cash $65,000
Administrative expenses 130,000
Selling expenses 104,000
Net sales 702,000
Cost of goods sold 273,000
Cash dividends declared (2020) 26,000
Cash dividends paid (2020) 19,500
Discontinued operations (loss before income taxes) 52,000
Depreciation expense, not recorded in 2019 39,000
Retained earnings, December 31, 2019 117,000

Effective tax rate 20%

Required:
a. Compute net income for 2020.
b. Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information.

Answers

Answer:

Part a

Whispering Corporation

Income Statement for the year ended December 31, 2020.

Net Sales                                    702,000

Less Cost of Sales                    (273,000)

Gross Profit                                429,000

Less Expenses

Administrative expenses           (130,000)

Selling expenses                       (104,000)

Depreciation expense               (39,000)

Net Income                                 195,000

Part b

Whispering Corporation

Partial income statement for the year ended December 31, 2020.

Continuing Activities                                                       195,000

Less Discontinued operations (                                     52,000

Total Comprehensive income                                       143,000

Explanation:

Income Statement only includes incomes and expenses.

Earnings per share is what shareholders expect to receive per share out of profits earned.

Vaughn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,088,000 on March 1, $1,236,000 on June 1, and $3,090,260 on December 31. Vaughn Company borrowed $1,083,960 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year, $2,493,000 note payable and an 10%, 4-year, $3,319,800 note payable. Compute the weighted-average interest rate used for interest capitalization purposes.

Answers

Answer:

9.57 %

Explanation:

The computation of the  weighted-average interest rate used for interest capitalization purposes is shown below:

Particulars                               Loan Amount                   Interest

9 % 5 year note payable $2,493,000 ($2,493,000 × 9 %) = $224,370

10 % 4 year note payable $3,319,800 ($3,319,800 × 10 %) = $331,980

Total                                        $5,812,800                       $556,350

Now

Weighted- average interest rate  is

= $556,350 ÷ $5,812,800

= 9.57 %

Influential factors such as cost, price, break-even analysis, sales potential,
and competition are evaluated as part of which phase? *
Concept development
Generating ideas
Screening ideas
Market Product
Product Development

Answers

Answer:46

Explanation:

Joan filed her individual income tax return 4½ months after it was due. She did not request an extension of time for filing. Along with her return, Joan remitted a check for $750, which was the balance of the taxes she owed with her return. Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent

Answers

Answer:

$187.50

Explanation:

Calculation to determine the total penalties that she will be required to pay

Based on the information if she remitted a check for the amount of $750 the total penalties that she will be required to pay, if it was assumed that the failure to file was not fraudulent will be calculated as:

Total penalties=[$750*(5%*5)]

Total penalties=$750*0.25

Total penalties= $187.50

Therefore the total penalties that she will be required to pay is $187.50

On December 1, 2021, Coronado Industries exchanged 48000 shares of its $10 par value common stock held in treasury for a used machine. The treasury shares were acquired by Coronado at a cost of $45 per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a fair value of $60 per share (the shares were originally issued at $35 per share). As a result of this exchange, Coronado's total stockholders' equity will increase by

Answers

Answer:

$2,880,000

Explanation:

Calculation to determine what Coronado's total stockholders' equity will increase by

Increase in total stockholders' equity =[(48000*45)-(48000 * (60-45))]

Increase in total stockholders' equity =$2,160,000+$720,000

Increase in total stockholders' equity =$2,880,000

Therefore the total stockholders' equity will increase by $2,880,000

On January 1, 2018, Frontier Corporation purchased for $474,000, equipment having a useful life of ten years and an estimated salvage value of $24,000. Adventure has recorded depreciation of the equipment on the straight-line method. On December 31, 2025, the equipment was sold for $84,000. What is the journal entry to record this sale

Answers

Answer:

Frontier Corporation

Journal Entry to record the sale:

Debit Cash $84,000

Credit Sale of Equipment $84,000

To record the sale of the equipment.

Others:

Debit Sale of Equipment $474,000

Credit Equipment $474,000

To transfer the equipment account to the Sale of Equipment account.

Debit Accumulated Depreciation $360,000

Credit Sale of Equipment $360,000

To transfer the accumulated depreciation to the Sale of Equipment account.

Debit Loss from Sale of Equipment $30,000

Credit Sale of Equipment $30,000

To close the Sale of Equipment account to income statement.

Explanation:

a) Data and Calculations:

January 1, 2018: Purchase of equipment = $474,000

Estimated useful life = 10 years

Estimated salvage value = $24,000

Depreciable amount = $450,000 ($474,000 - $24,000)

Straight-line Annual Depreciation Expense = $45,000 ($450,000/10)

Accumulated depreciation after 8 years = $360,000 ($45,000 * 8)

Net book value of equipment = $114,000 ($474,000 - $360,000)

December 31, 2015: Proceeds from sale of equipment = $84,000

Analysis:

Cash $84,000 Sale of Equipment $84,000

Sale of Equipment $474,000 Equipment $474,000

Accumulated Depreciation $360,000 Sale of Equipment $360,000

Loss from Sale of Equipment $30,000 Sale of Equipment $30,000

Blumen Textiles Corporation began April with a budget for 22,000 hours of production in the Weaving Department. The department has a full capacity of 29,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $50,600 Fixed overhead 34,800 Total $85,400 The actual factory overhead was $86,400 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 23,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.

Answers

Answer:

A. 1300 Favorable

B. $7,200 UnFavorable

Explanation:

A. Calculation to determine the variable factory overhead controllable variance

First step is to calculate the Budgeted rate of variable overhead

Budgeted rate of variable overhead = $50,600/22,000

Budgeted rate of variable overhead= $2.3per hour

Second step is to calculate the Standard variable overhead for actual production

Standard variable overhead for actual production = 23,000 x $2.3

Standard variable overhead for actual production = $52,900

Now let calculate the Variable factory overhead controllable variance using this formula

Variable factory overhead controllable variance = Standard variable overhead - Actual variable overhead

Let plug in the formula

Variable factory overhead controllable variance= $52,900 - ($86,400 - 34,800)

Variable factory overhead controllable variance= 1300 Favorable

Therefore Variable factory overhead controllable variance is 1300 Favorable

B. Calculation to determine the fixed factory overhead volume variance.

First step is to calculate the Predetermined fixed overhead rate using this formula

Predetermined fixed overhead rate = 34,800/29,000

Predetermined fixed overhead rate = $1.20 per hour

Second step is to calculate the Fixed overhead applied

Using this formula

Fixed overhead applied = Standard hours x Standard rate

Let plug in the formula

Fixed overhead applied= 23,000 x $1.20

Fixed overhead applied= $27,600

Now let calculate the Fixed overhead volume variance using this formula

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

Let plug in the formula

Fixed overhead volume variance= $27,600 - 34,800

Fixed overhead volume variance= $7,200 UnFavorable

Therefore The Fixed overhead volume variance is $7,200 UnFavorable

Jacques lives in Miami and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Jacques does not operate this guitar business, he can work as a financial advisor, receive an annual salary of $50,000 with no additional monetary costs, and rent out his showroom at the $15,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Jake's costs in the following table as either an implicit cost or an explicit cost of selling guitars.
Implicit Cost Explicit Cost
The wages and utility bills that Jake pays
The salary Jake could earn if he worked as an accountant
The wholesale cost for the guitars that Jake pays the manufacturer
The rental income Jake could receive if he chose to rent out his showroom
Complete the following table by determining Jake's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit

Answers

Answer:

Explicit Costs

The wages and utility bills that Jake pays

The wholesale cost for the guitars that Jake pays the manufacturer

Implicit costs

The salary Jake could earn if he worked as an accountant

The rental income Jake could receive if he chose to rent out his showroom

Accounting profit = $62,000

economic profit = $-3000

Explanation:

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Jacques forgoes the opportunity to earn a salary and rent out his showroom when he started his business

Accounting profit= total revenue - explicit cost

$793,000 - ($430,000 + $301,000) = $62,000

Economic profit = accounting profit - implicit cost

$62,000 - (50,000 + 15,000) =$-3000

A disadvantage of the corporate form of business ownership is that:
a) shareholders receive dividends.
b) most shareholders have little direct control over how the company is managed.
shareholders are not personally liable for the debts
of the corporation except to
the extent of their investment.
c)the life of the corporation is ongoing even after the death of a shareholder.

Answers

Answer:

b) most shareholders have little direct control over how the company is managed.

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