Answer:
$38,250
Explanation:
Calculation for how much external financing will Tobin Supplies Company have to seek.
First step
Net Income $95,000
(Sales $380,000×25%)
Less:Dividends ($33,250)
(35%×$95,000)
Increase in retained earnings $61,750
($95,000-$33,350)
Second step
Increase in assets$100,000
Less Increase in retained earnings($61,750)
External funds needed $38,250
Therefore the amount of external financing that Tobin Supplies Company have to seek will be $38,250
Political systems, the systems of government in nations, differ from country to country. It is important to understand the nature of different political systems and develop an awareness of and appreciation for the significance of national differences. Political systems are assessed according to two dimensions. The first is the degree to which they emphasize collectivism as opposed to individualism. The second is the degree to which they are democratic or totalitarian. These dimensions are interrelated and may share certain characteristics.
Match the political systems with the countries listed below.
a. China
b. United States
c. Zimbabwe
d. Italy in the 1930s
e. Saudi Arabia
f. France
Political System:
1. Totalitarianism
2. Totalitarianism
3. Representative
4. Totalitarianism
5. Right-Wing
6. Totalitarianism
7. Democracy
Answer:
a. China ⇒ Communist Totalitarianism
China is a former communist country turned in to socialist, but still not democratic. The communist party still rules the country at will without opposition.
b. United States ⇒ Representative Democracy
The US is the oldest modern democracy that still remains in the world. Other countries have older democratic institutions, but the country was not completely democratic, e.g. Parliament existed for centuries in England, but England became a democracy in 1918. The US is considered a representative democracy.
c. Zimbabwe ⇒ Tribal Totalitarianism
Zimbabwe is ruled by a military dictator.
d. Italy in the 1930s ⇒ Right-wing Totalitarianism
Benito Mussolini ruled Italy in the 1930s. He was a fascist dictator that allied with Adolf Hitler during WWII.
e. Saudi Arabia ⇒ Theocratic Totalitarianism
Saudi Arabia is a monarchy where the royal family rules at will without any opposition.
f. France ⇒ Social Democracy
France is considered a social democracy since its last governments have followed socialist ideals through democracy.
The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate headquarters building lease $78,300Cosmetics Department sales commissions--Northridge $3,850 Store Corporate legal office salaries $60,200 Store manager's salary-Northridge Store $19,500 Heating-Northridge Store $17,200 Cosmetics Department cost of sales-Northridge $33,100 Central warehouse lease cost $14.000 Store security-Northridge Store $18,200Cosmetics Department manager's salary-northridge Store $4,420 The Northedge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's What is the total amount of the costs listed above that are not direct costs of the Northridge Store?A. $152,500.B. $43,379.C. $78,300.D. $53,820.
Answer:
Total costs that are not a direct cost of Northridge store = $152,500 (A)
Explanation:
First of all, let us identify the transactions in the list that are not a direct transaction of the Northridge store, thereafter, we will calculate the total costs of these transactions.
Transaction Amount($)
Corporate headquarters building lease 78,300
Corporate legal office salaries 60,200
Central warehouse lease cost 14,000
Total 152,500
∴ Total costs that are not a direct cost of Northridge store = $152,500
The specific meaning of goodwill in accounting is: Multiple Choice The amount by which a company's value exceeds the value of its individual assets and liabilities. Long term assets held as investment. The support of the board of directors for the operating decisions of management. The cost of developing, maintaining, or enhancing the value of a trademark. Rights granted an entity to deliver a product or service under specified conditions.
Answer:
Option A. The amount by which a company's value exceeds the value of its individual assets and liabilities
Explanation:
The reason is that goodwill not only measures the business valuable tangible and intangible assets but also the intangible assets that can not be valued which the company has earned due to its business operations, this includes customer loyalty, key employees, brand's value, etc.
This is the reason why the value of the company's aggregate assets are always above the aggregate market value of assets not sold altogether. Hence the option A is correct here.
Complete the following passage concerning macro economics.
One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on__________which are fluctuations in________typically over time periods of five years________ .One model that macroeconomists use to study these fluctuations, which are called recessions and expansions, is the_______model.
1. aggregate demand-aggregate supply
2. less
3. business cycles
4. an economy's growth rate
5. policy
6. more
7. standard of living
8. demand-supply
Answer:1.business cycles 2. an economy's growth rate 3. less 4. aggregate demand-aggregate supply model
Explanation:
One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on___business cycles_______which are fluctuations in__an economy's growth rate______typically over time periods of five years_ less___ .One model that macro economists use to study these fluctuations, which are called recessions and expansions, is the aggregate demand-aggregate supply__model.
Macroeconomics is defined as that branch of economics which studies the behavior, performance and changes of economic situations as a whole considering the factors of general price level, technology, output, consumption, aggregate demand and supply, unemployment, inflation, recession, savings, investment etc and how these affects national income and best decisions that can improve the national economic growth
The goal of macro economists is to solve problems on the business cycle ( factors the cause short term fluctuations and their effects in national income) and ways to improve long-run economic growth.
The risk-free return during the sample period was 3%. What is the Sharpe measure of performance evaluation for Sooner Stock Fund
Answer: 0.3864
Explanation:
The Sharpe measure of Performance Evaluation aims to compare the performance of a stock or investment in general to that of a risk free security after the stock has been adjusted for it's risk.
The formula is;
= (Average Return of stock - Risk Free return) / Standard Deviation of stock
= (20% - 3% ) / 44%
= 17% / 44%
= 0.3864
I have attached the full question.
On August 21, Alix Company receives a $2,000, 60-day, 6% note from a customer as payment on her account. How much interest will be due on October 20 - the due date?
a. $10
b. $20
c. $140
d. $120
Answer:
b. $20
Explanation:
Calculation of how much interest will be due on October 20 - the due date
Using this formula
Interest due = Amount received ×Numbers of days ×Note percentage
Let plug in the formula
Interest due =$2,000 x (60/360) x 0.06
Interest due=$2,000×0.17×0.06
Interest due =$20
Therefore $20 interest is the amount of interest that will be due on October 20the due date.
In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that Rose Corporation owns 15%, Pansy owns 10% and Daffodil owns 55% of the stock in the corporations paying the dividends.
Rose Corporation Pansy Corporation Daffodil Corporation
Income from operations $1,200,000 $1,200,000 $1,200,000
Expenses from operations (800,000) (1,300,000) (1,500,000)
Qualifying dividends 400,000 400,000 400,000
Required:
a. The dividends received deduction for Rose Corporation is $__________
b. The dividends received deduction for Pansy Corporation is $_____________
c. The dividends received deduction for Daffodil Corporation is $____________
Answer:
a. The dividends received deduction for Rose Corporation is $ 280,000
b. The dividends received deduction for Pansy Corporation is $ 280,000
c. The dividends received deduction for Daffodil Corporation is $ 320,000
Explanation:
a. The dividends received deduction for Rose Corporation would be calculated as follows:
dividends received deduction for Rose Corporation=Qualifying dividends*70%
dividends received deduction for Rose Corporation=$400,000*70%
dividends received deduction for Rose Corporation=$280,000
The dividends received deduction for Rose Corporation is $ 280,000
b. The dividends received deduction for Pansy Corporation would be calculated as follows:
dividends received deduction for Pansy Corporation=Qualifying dividends*70%
dividends received deduction for Pansy Corporation=$400,000*70%
dividends received deduction for Pansy Corporation=$280,000
The dividends received deduction for Pansy Corporation is $ 280,000
c. The dividends received deduction for Daffodil Corporation would be calculated as follows:
dividends received deduction for Daffodil Corporation=Qualifying dividends*70%
dividends received deduction for Daffodil Corporation=$400,000*80%
dividends received deduction for Daffodil Corporation=$320,000
The dividends received deduction for Daffodil Corporation is $ 320,000
The annual premium for a $15 comma 000 insurance policy against the theft of a painting is $300. If the (empirical) probability that the painting will be stolen during the year is 0. 01, what is your expected return from the insurance company if you take out this insurance?
Answer:
-$150
Explanation:
The computation of the expected return from the insurance company is shown below:
= Annual premium × probability of the stolen painting - 1 × theft of painting
= $15,000 × 0.01 - 1 × $300
= $150 - $300
= -$150
By multiplying annual premium with the probability of the stolen painting and then substracted theft of painting so that we can get to know the expected return and the same is to be considered
Equipment was purchased for $161500. Freight charges amounted to $5500 and there was a cost of $10000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $38000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be
Answer:
$27,800
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of asset = $161500 + $5500 + 10000 =$177,000
$177,000 - $38000 = $139,000 / 5 =$27,800
depreciation expense each year would be $27,800
Record the following process costing transactions in the general journal:
a. Purchase of raw materials on account, $9, 300
b. Requisition of direct materials to Assembly Department, $4, 300 Finishing Department, $2, 400
c. Incurrence and payment of direct labor, $10, 500 (these costs should be debited to WIP Inventory-Assembly)
d. Incurrence of manufacturing overhead costs (unpaid): Property taxes-plant, $1, 800 Utilities-plant, $4, 800 Insurance-plant, $1, 700 Depreciation-plant, $3, 800
e. Assignment of conversion costs to the Assembly Department: Direct labor, $5, 000 Manufacturing overhead, $2, 600
f. Assignment of conversion costs to the Finishing Department: Direct labor, $4, 700 Manufacturing overhead, $6, 600
g. Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $10, 500
h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15, 600
Answer:
a.
Raw Materials $9,300 (debit)
Account Payable $9,300 (credit)
b.
Assembly Department $4,300 (debit)
Finishing Department $2,400 (debit)
Raw Materials $6,700 (credit)
c.
WIP Inventory-Assembly $10,500 (debit)
Cash $10,500 (credit)
d.
Overheads $12,100 (debit)
Property taxes-plant: Payable $1, 800 (credit)
Utilities-plant : Payable $4, 800 (credit)
Insurance-plant : Payable, $1, 700 (credit)
Provision for Depreciation-plant, $3, 800 (credit)
e.
Work In Process - Assembly Department $7,600 (debit)
Direct labor, $5, 000 (credit)
Manufacturing overhead, $2, 600 (credit)
f.
Work In Process - Finishing Department $11,300 (debit)
Direct labor, $4,700 (credit)
Manufacturing overhead, $6,600 (credit)
g.
Finishing Department, $10,500 (debit)
Assembly Department $10,500 (credit)
h.
Finished Goods Inventory $15,600 (debit)
Finishing Department $15,600 (credit)
Explanation:
Manufacturing costs accumulate in the Work In Process Account of their respective departments.
When goods are transferred out of the Assembly Department to the Finishing Department, de-recognize the cost from Assembly Department (credit) and recognized the cost in Finishing Department (debit).
When cost of goods completed are transferred out of the Finishing Department into Finished Goods Inventory, we de-recognize the cost from Finishing Department and recognize it in the Finished Goods Inventory.
Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition, the firm is expected to have net capital expenditures of $360 million, and net operating working capital (NOWC) is expected to increase by $45 million. How much free cash flow (FCF) is Tropetech Inc. expected to generate over the next year?
Answer:
FCF = $1,995 million
Explanation:
DATA
EBIT(1-T) = $2,400 million
Net Capital Expenditure = $360 million
Net operating working capital (NOWC) = $45 million
Free cash flow (FCF) expected to generate over next year can be calculated as
FCF = EBIT(1-T) - Capital Expenditure - Net operating working capital (NOWC)
FCF = $2,400 million - $360 million - $45million
FCF = $1,995 million
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115,000.
a. What is the monthly return on this investment vehicle?
b. What is the APR?
c. What is the effective annual return?
Answer:
1.30%
15.60%
16.77%
Explanation:
The monthly return is the amount payable monthly divided by the current price of the investment vehicle.
monthly return=$1500/$115,000=1.30%
Annual percentage return=monthly return*12=1.30% *12=15.60%
Effective annual return=(1+1.30%)^12-1
EAR=1.167651776 -1
EAR=16.77%
Marla Staples is concerned with identity theft. One of the ways that she can protect her information from leaking out to the wrong hands is to: limit her purchases with vendors that she knows do not store her information in a database. limit her travels to only the U.S. because identity theft is an international problem. avoid all e-commerce transactions because this is the only type of buying transaction where websites and others handle sensitive, personal information. install antivirus software, firewalls, and anti-spyware software on her computer.
Answer: Install antivirus software, firewalls, and anti-spyware software on her computer.
Explanation:
Marla's computer is the most likely place where people can gain access to her personal information for use to propagate identity theft. Personal computers have all sorts of personal information such as scanned copies of birth certificates, academic achievements, photographs, bank statements and the like. If the security on a personal computer is breached, it could be quite harmful.
For this reason Marla should install antivirus software, firewalls, and anti-spyware software on her computer to protect it from unwanted access from everyone including people who would use her information for the wrong reasons.
Which of the following costs would be applied to manufactured inventory under variable costing? Select one: A. Cost of raw materials B. Salary of factory manager C. Rental payments on administrative offices D. Commissions to sales persons E. Rental payments on factory
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the terms of trade are established as 1 apple for 4 oranges, then:
Answer: a. there are no incentives for Beta to engage in international specialization and trade with Alpha.
Explanation:
Beta can produce 16 oranges or 4 apples in an hour. This means that for every Apple they produce, they can produce 4 oranges;
4 apples : 16 oranges
1 apples : 4 oranges
This is the same terms of trade being offered to them by Alpha because if they sell 1 apple to Alpha they will get 4 oranges. This is the same thing they will get when they are producing for themselves alone.
An incentive would have been them getting more oranges per apple than they can produce on their own if they sacrifice one apple which is not the case. There are simply no incentives for Beta to engage in international specialization and trade with Alpha.
essay on concept of business in islam
Answer:
..Essay below, hope it helps!
Explanation:
The business concept in Islam, unlike the rest of the world, is mainly for profit purposes. As it is not only one of the branches of living, but it is/was a belief that a business trader can be closer to God. Islamic people believe there is nothing wrong with fair commerce and trade. According to resources from ethical practice research, Islamic people think that a businessperson who does their jobs and tasks with honesty and accordance with the commands of Allah, deserve to be rewarded by Allah in the afterlife. Islams are open to giving guiding principles for all human activities. They also prescribe and explain the ethics of business. Their society believe these ethics take an important role in a man's mental structure. Business is fundamental around the world, exchanging business, profits, sharing wealth, but with Islamic practices you can learn to perform business practice better. The religion or beliefs of Islams are great and are very compatible with business, which makes a great impact on their business society. Religion and business make a good combination for the business world in Islam.
Denver Corporation purchased a patent for $405,000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, Denver spent $99,000 to successfully defend the patent in a lawsuit. Denver feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2018
Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = [tex]\frac{4}{12}[/tex] = 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27
On the first day of the fiscal year, a company issues an $949,000, 9%, five-year bond that pays semiannual interest of $42,705 ($949,000 x 9% x 1/2), receiving cash of $892,100. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.
Answer:
Bond issue price $892,100
Face value $949,000
Discount on bond $56,900
Number of Interest payments (10 years x 2) 10
Discount to be amortized per payment $5,690
Interest on bond $51,210
Date Description Debit Credit
Dec. 31 Bond interest expense $56,900
Discount on bonds payable $5,690
Cash $51,210
(Interest on bond paid and Premium amortized)
High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy
Answer: transnational
Explanation:
New firms that enter the global market are usually faced with the option of either adapting to the country's local market or whether they should reduce costs.
High pressure for local adaptation combined with low pressure for lower costs would suggest transactional strategy.
1. The interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the____________ .
2. The Fed can_____________ the money supply by lowering this rate.
Answer:
1. Discount rate.
2. Increase.
Explanation:
A Federal Reserve Bank is one of the twelve regional banks of the Federal Reserve System in the United States of America. The Federal Reserve Banks are saddled with the responsibility of implementing the monetary policy designed and provided by the Federal Open Market Committee (FOMC).
Federal Reserve System also known as the Fed, was created under the Federal Reserve Act which was passed by US Congress in 1913. The Fed began its operations in the year 1914. It's a financial institution which was founded by President Woodrow Wilson and was primarily aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Furthermore, just like all central banks, the Fed is a government financial institution which is saddled with these responsibilities;
1. Controlling the issuance of currency in United States of America: the Fed promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
2. Providing banking services to all the commercial banks in the country: the Fed is the "lender of last resort.
3. Regulating banking activities: it has the power to supervise and regulate banks.
The Federal Reserve Board is the governing body which essentially manages the Federal Reserve System and performs an oversight function on domestic monetary policies.
Additionally, the interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the discount rate. Also, the Fed can increase the money supply by lowering this rate (discount rate) and thus, empowering the member banks to lend more money.
The following describes production activities of mercer manufacturing for the year.
Actual raw materials used 17,000 lbs. at $4.20 per lb.
Actual factory payroll 5,550 hours for a total of $106,005
Actual units produced 30,030
Budgeted standards for each unit produced are .50 pound of direct material at $4.00 per pound and 10 minutes of direct labor at $20.00 per hour.
1. Compute the direct materials price and quanity variances and classify each as favorable or unfavorable.
2. Compute the direct labor rate and efficincy variances and classify each as favorable or unfavorable
Answer and Explanation:
1. The computation of direct materials price and quantity variances is shown below:-
Actual Cost = Actual quantity × Actual price
= 17,000 × $4.20
= $71,400
The Standard cost for actual quantity = Actual quantity × Standard price
= 17,000 × $4.00
= $68,000
Standard Cost = Standard quantity × Standard price
= (30,030 ÷ 0.50) × $4.00
= 15,015 × $4.00
=$60,060
Now the material price variance is
= Actual Quantity × (Standard Price - Actual Price)
= 17,000 × ($4 - $4.20)
= 17,000 × $0.20
= $3,400 unfavorable
The material quantity variance is
= Standard Price × (Standard Quantity - Actual Quantity)
= $4 × (15,015 - 17,000)
= $4 × 1,985
= $7,940 unfavorable
2. The computation of direct labor rate and efficiency variances is shown below:-
Actual Cost = Actual hours × Actual rate
= 5550 × $19.10
= $106,005
The Standard cost for actual quantity = Actual hours × Standard rate
= 5,550 × $20.00
= $111,000
Standard Cost = Standard hours × Standard rate
= 5005 × $20.00
= $100,100
The labor rate variance is
= Actual Hours × (Actual rate - standard rate)
= 5,550 × ($19.10 per hour - $20 per hour)
= 5,550 × $0.90 per hour
= $4,995 favorable
The labor efficiency variance is
= Standard Rate × (Actual hours - Standard hours)
= $20 per hour × (5,550hours - 5,005 hours)
= $20per hour × 545 hours
= $10,900 unfavorable
6. How much do you have to deposit today so that you can withdraw $50,000 a year at the end of years 5 through 9, and $25,000 at the end of year 10? Assume that you can earn an annual rate of 8 percent.
Answer:
$158,317.88
Explanation:
we have to calculate the present value of the cash flows:
PV = $50,000 / 1.08⁵ + $50,000 / 1.08⁶ + $50,000 / 1.08⁷ + $50,000 / 1.08⁸ + $50,000 / 1.08⁹ + $25,000 / 1.08¹⁰ = $34,029.16 + $31,508.48 +$29,174.52 + $27,013.44 + $25,012.44 + $11,579.84 = $158,317.88
If we deposit $158,317.88 today, we will be able to withdraw $50,000 at the end of years 5 to 9, and $25,000 on year 10.
Rodriguez Company pays $310,000 for real estate plus $16,430 in closing costs. The real estate consists of land appraised at $215,000; land improvements appraised at $86,000; and a building appraised at $129,000.Required:1. Allocate the total cost among the three purchased assets.2. Prepare the journal entry to record the purchase.
Answer:
Required 1.
Land = $163,215
Land improvements = $65,286
Buildings = $97,929
Required 2.
Land $163,215 (debit)
Land improvements $65,286 (credit)
Buildings $97,929 (credit)
Cash $310,000 (credit)
Explanation:
Allocation of the purchase cost must be made on the bases appraisal value.
Total Appraisal Value = $215,000 + $86,000 + $129,000
= $430,000
Land = $215,000 / $430,000 × $326,430
= $163,215
Land improvements = $86,000 / $430,000 × $326,430
= $65,286
Buildings = $129,000 / $430,000 × $326,430
= $97,929
Your company is producing a new ointment for sore muscles. You want to convince a national chain of boxing gyms to use this product. Why is it important to send a business letter in this situation
Answer:
It is important to send a business letter as a way to introduce itself as a company and in order to communicate that the company is interested in starting a relationship with the other one so therefore they can improve their situation in the market.
Explanation:
To begin with, a "Business Letter" is the type of letter that is sent from one company to another one in order to make the first step to establish a future relationship between those companies. It also can be sent from one company to its clients, suppliers, etc. Moreover, this type of communication implicates a formal and permanent record that it can be saved by any party in order to use it later as a prove of the facts established in the letter. Furthermore, every letter has its unique type of content that it will be determined by the type of relationship that the parties have with each other.
Priya Rahavy, M.D., is a general practitioner whose offices are located in the Lake Forest Professional Building. In the past, Dr. Rahavy has operated her practice with a nurse, a receptionist/secretary, and a part-time bookkeeper. Dr. Rahavy, like many small-town physicians, has billed her patients and their insurance companies from her own office. The part-time bookkeeper, who works 15 hours per week. is employed exclusively for this purpose.
North Avenue Physician's Service Center has offered to take over all of Dr. Rahavy's billings and collections for an annual fee of $24,000. If Dr. Rahavy accepts this offer, she will no longer need the bookkeeper. The bookkeeper's wages and fringe benefits amount to $20 per hour, and the bookkeeper works 50 weeks per year. With all the billings and collections done elsewhere, Dr. Rahavy will have three additional hours available per week to see patients. She sees an average Of four patients per hour at an average fee of $30 per visit. Dr. Rahavy's practice is expanding, and new patients often have to wait several weeks for an appointment. She has resisted expanding her office hours or working more than 50 weeks per year. Finally, if Dr. Rahavy signs on with the center, she will no longer need to rent a records storage facility for $200 per month.
Required:
a. Conduct a relevant cost analysis to determine if it is profitable to outsource the bookkeeping.
b. Calculate the net advantage (disadvantage) of outsourcing the bookkeeping.
Assume a company sells a given product for $90 per unit. How many units must be sold to break even if variable selling costs are $2 per unit, variable production costs are $31 per unit, and total fixed costs are $1,799,946
Answer:
Break-even point in units= 31,227 units
Explanation:
Giving the following information:
Selling price= $90
Unitary variable cost= $33
Total fixed costs= $1,799,946
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 1,779,946 / (90 - 33)
Break-even point in units= 31,227 units
Prior to liquidating their partnership, Pepper and Reynell had capital accounts of $13,000 and $49,000, respectively. The partnership assets were sold for $24,000. The partnership had no liabilities. Pepper and Reynell share income and losses equally. Required: a. Determine the amount of Pepper's deficiency. $ b. Determine the amount distributed to Reynell, assuming Pepper is unable to satisfy the deficiency. $
Answer:
Explanation:
Based on the information that has been given in the question, the following answer can be provided
a. Determine the amount of Pepper's deficiency.
First, we need to calculate the loss that was recognized. This will be:
= ($13,000 + $49,000) - $24,000
= $62,000 - $24,000
= $38,000
Pepper's share of the loss will then be:
= $38,000/2
= $19,000
Pepper's deficiency will now be his contribution minus the loss incurred. This will be:
= $19,000 - $13,000
= $6,000
Deficiency of $6000
b. Determine the amount distributed to Reynell, assuming Pepper is unable to satisfy the deficiency.
This will be:
= $49,000 - $19000 - $6,000
= $49,000 - $25,000
= $24,000
Which of the following cost-saving actions can potentially result in a company gaining a sustainable cost advantage over rivals because the company's actions to cut costs cannot be detected by rivals from the information in either the FIR or the Comparative Competitive Efforts section of the CIR?
1. Making it a company policy never to produce branded footwear with higher than a 3.0-star S/Q rating
2. Actions to underspend rivals on brand advertising
3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship
4. Making it a company policy never to produce branded footwear with higher than a 3.5-star S/Q rating
5. Actions to completely avoid the payment of any import tariffs
Answer:
Cost-saving actions:
3. Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corporate social responsibility and citizenship
Explanation:
Competitive rivals will not glean the information about the use of production equipment, supervisory costs, and corporate social responsibility and citizenship from the Financial and Competitive Intelligence Reports. So, using refurbished production equipment will reduce costs provided the quality is not adversely affected. Supervisory costs can be minimized with target costing, and the amount on corporate social responsibility and citizenship is a management discretionary cost that can be eliminated, depending on prevail circumstances.
Cost savings is simply known as a number of actions or policies that aim to decrease the expected cost of a given transaction. Cost-saving actions can potentially result in a company gaining a sustainable cost advantage are Actions to use only refurbished production equipment, actions to keeps supervisory costs to a bare minimum, and never spending any money on corprorate social responsibility and citizenship.
Cost savings often aim to shrink the amount of money being paid for a certain good or service.
They are also called Cost cutting as they are measures put forward by a company to lower its expenses and increase profitability.
They are part of the business strategy and they include laying off employees, reducing employee pay, closing facilities, streamlining the supply chain, downsizing to a smaller office etc.
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Which sentence is grammatically correct?
A. We sent surveys to three West Coast companies; San Francisco Unlimited, San Jose Premier, and San Diego Logic.
B. We sent surveys to three west coast companies: San Francisco Unlimited, san jose premier, and San Diego Logic.
C. We sent surveys to three West Coast companies: San Francisco Unlimited, San Jose Premier, and San Diego Logic.
Answer:
C. We sent surveys to three West Coast companies: San Francisco Unlimited, San Jose Premier, and San Diego Logic.
Explanation:
Colon (:) is used before listing. It is a symbol in the English Language that is used before explanation in a sentence. It is also used to separate the hour and the minute when writing, among other uses.
The names of places in a sentence should start with capital letters as indicated in this chosen option. Capital letter is used in the beginning of a sentence or when writing names of places, people, or words related to people and places.
Jeff Heun, president of Vaughn Always, agrees to construct a concrete cart path at Dakota Golf Club. Vaughn Always enters into a contract with Dakota to construct the path for $174,000. In addition, as part of the contract, a performance bonus of $43,200 will be paid based on the timing of completion. The performance bonus will be paid fully if completed by the agreed-upon date. The performance bonus decreases by $10,800 per week for every week beyond the agreed-upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As a result, he is fairly confident that he will receive a good portion of the performance bonus. Jeff estimates, given the constraints of his schedule related to other jobs, that there is 50% probability that he will complete the project on time, a 25% probability that he will be 1 week late, and a 25% probability that he will be 2 weeks late.A) Determine the transaction price that Concrete Always should compute for this agreement.
B) Assume that Jeff Heun has reviewed his work schedule and decided that it makes sense to complete this project on time. Assuming that he now believes that the probability for completing the project on time is 90% and otherwise it will be finished 1 week late, determine the transaction price.
Answer:
A) Determine the transaction price that Concrete Always should compute for this agreement.
total transaction price = contract price ($174,000) + expected value of the bonus
expected value of the bonus:
$43,200 x 50% = $21,600($43,200 - $10,800) x 25% = $8,100($43,200 - $10,800 - $10,800) x 25% = $5,400total = $35,100total transaction price = $174,000 + $35,100 = $209,100
B) Assume that Jeff Heun has reviewed his work schedule and decided that it makes sense to complete this project on time. Assuming that he now believes that the probability for completing the project on time is 90% and otherwise it will be finished 1 week late, determine the transaction price.
total transaction price = contract price ($174,000) + expected value of the bonus
expected value of the bonus:
$43,200 x 90% = $38,880($43,200 - $10,800) x 10% = $3,240total = $42,120total transaction price = $174,000 + $42,120 = $216,120