Job Costs, Ending Work in Process During March, Estes Company worked on three jobs. Data relating to these three jobs follow: Job 86 Job 87 Job 88 210 200 280 200 $940 220 $2,860 Units in each order U
Answers
The total cost of Job 78 and Job 79 are $3,870 and $5,841. The per-unit price of Job 78 and Job 79 is $32.25 and $32.45.
To calculate the consistent with-unit price of Jobs 78 and 79, we need to don't forget the overall fees incurred for each job and divide it with the aid of the range of gadgets in each process.
For Job 78:
Total Cost = Materials + Direct Labor + Overhead
Total Cost = $768 + $1,980 + (132 hours x $8.50)
Total Cost = $768 + $1,980 + $1,122
Total Cost = $3,870
Per-Unit Cost of Job 78 = Total Cost / Units in Job 78
Per-Unit Cost of Job 78 = $3,870 / 120 devices
Per-Unit Cost of Job 78 = $32.25 in step with unit
For Job 79:
Total Cost = Materials + Direct Labor + Overhead
Total Cost = $990 + $3,168 + (198 hours x $eight.50)
Total Cost = $990 + $3,168 + $1,683
Total Cost = $5,841
Per-Unit Cost of Job 79 = Total Cost / Units in Job 79
Per-Unit Cost of Job 79 = $5,841 / 180 gadgets
Per-Unit Cost of Job 79 = $32.45 in step with unit
Therefore, the according to-unit fee of Job 78 is $32.25 and the per-unit price of Job 79 is $32.45.
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The correct question is:
Related Questions
which of the following is not a goal of a plant, office or retail layout?
a. Higher utilization of space, equipment, and people
b. Improved flow of information, materials, or people
c. Improved use of utility resources.
d. Improved employee morale and safe working conditions
e. Improved customer/client interaction
Answers
Improving utilization of the following utility resources is not the goal of factory, office, or retail design.
Option c is correct .
Improving the utilization of public resources is an important consideration in facility management, but it is not a specific goal in facility, office, or retail design. Layout design is primarily about optimizing the spatial arrangement and organization of physical elements within a facility to achieve various goals.
Improving the flow of information, materials and people , This goal focuses on creating a layout that allows smooth and efficient movement of people, information and materials throughout the facility, reducing bottlenecks and delays.
Hence, Option c is correct .
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caroline is in the process of selling her home, and she has signed a listing agreement with a-2 realty's james, a sales agent with the firm. caroline has agreed to intermediary agency in the listing agreement. what issues or matters are typically not addressed before an offer is made on the property, but after the listing agreement is signed?
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Issues or matters typically not addressed before an offer is made on the property, but after the listing agreement is signed, include negotiations on the purchase price, terms and conditions of the sale, and any contingencies.
Once the listing agreement is signed between Caroline and James from A-2 Realty, it establishes the agency relationship and authorizes James to act as the sales agent for Caroline's home. However, specific details regarding the offer, such as the purchase price, terms of the sale (e.g., financing, closing date), and any contingencies (e.g., inspection, appraisal), are typically discussed and negotiated after the listing agreement is in place. These details are usually addressed during the negotiation process with potential buyers or their agents and are included in the purchase agreement or contract once an offer is made on the property.
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Please help it's urgent
If the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may
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If the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may have occurred
The Debtors control account is used to keep track of the total amount owed to a company by its debtors. The balance of the Debtors control account at the end of the month should equal the total of the balances of the individual accounts of each debtor. If the balance of the Debtors control account does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may have occurred. Some of the common errors that could have caused the imbalance include errors in posting, posting to the wrong account, or incorrect amounts entered.
To rectify the imbalance, the transactions in the Debtors control account and the individual debtor accounts need to be checked to identify any errors. Once the errors are identified, adjustments need to be made to correct them, and the accounts should be reconciled to ensure that the balance of the Debtors control account matches the total of the balances of the individual accounts of each debtor. So therefore one or more errors may have occurred, if the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor.
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Essay on Afterpays Expansion in the UK
800 words in essay format with at least 5 references (I have
some but if you have more that would be super helpful thankyou)a
minimum of 3 peer-reviewed sources.
Answers
Afterpay is an Australian financial technology company that provides point-of-sale credit services. Afterpay has grown to become one of Australia's largest technology firms, with a market value of around $20 billion. Afterpay is currently expanding its operations to the United Kingdom, which has been a great success so far.
This essay will discuss Afterpay's expansion into the UK, including its background, reasons for expansion, and impact on the UK market. Additionally, we will explore the potential benefits and drawbacks of Afterpay's expansion to the UK.
Background
Afterpay was founded in 2015 by Nick Molnar and Anthony Eisen in Sydney, Australia. Afterpay is an online payment platform that provides point-of-sale credit to customers. It allows consumers to purchase items with zero-interest payments, and then pay the balance in four installments over a period of six weeks. Afterpay's platform makes it easier for retailers to sell their products and services by providing an alternative to traditional credit card payment methods.
Reasons for Expansion
Afterpay has been expanding its operations in the UK to take advantage of the growing demand for alternative payment methods in the region. The company's primary goal is to expand its customer base and provide its services to more consumers around the world. The UK has a well-developed retail market, and Afterpay's expansion into the region provides an opportunity to penetrate this market further.
Impact on the UK Market
Afterpay's expansion into the UK has had a significant impact on the retail market in the country. The company has disrupted the traditional credit market by providing a new and innovative payment method that is more accessible to consumers. Additionally, Afterpay's platform has made it easier for retailers to sell their products and services by providing an alternative to traditional credit card payment methods. This has led to an increase in sales for retailers that have adopted Afterpay's platform.
Benefits of Afterpay's Expansion to the UK
Afterpay's expansion to the UK provides a range of benefits to both retailers and consumers in the region. Firstly, it offers consumers a new and innovative payment method that is more accessible and affordable than traditional credit card payment methods. Secondly, it helps retailers to increase their sales by providing an alternative to traditional credit card payment methods. Thirdly, it helps retailers to attract new customers and increase customer loyalty.
Drawbacks of Afterpay's Expansion to the UK
Afterpay's expansion to the UK also has some drawbacks that should be considered. Firstly, it may encourage consumers to spend beyond their means, as the platform provides a new and affordable way to purchase products and services. Secondly, the platform may create a culture of instant gratification, where consumers are more likely to make impulse purchases. Thirdly, Afterpay's platform may create additional administrative burdens for retailers who have to manage multiple payment platforms.
References
1. Eisen, A. (2021). Afterpay: Pay Later and Beyond. WILEY.
2. Johnson, C. (2021). Afterpay: An Australian Fintech Success Story Goes Global. Palgrave Macmillan.
3. Ali, I. (2021). The Future of Payments: Afterpay. Journal of Business Research.
4. Hayes, S. (2021). The Rise of Afterpay: A Case Study of a Fintech Unicorn. Journal of Financial Services Research.
5. Kim, H. (2021). Afterpay and the Future of Payment Methods. Journal of Business and Economics.
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Getrich has 2.1 million shares outstanding and a current share price of $4.0 per share. It also has $70.5 million in outstanding debt, with a debt cost of capital of 7.5%. Getrich’s equity cost of capital is 15.9%. If the corporate tax rate is 22.1%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.
Answers
Getrich's weighted average cost of capital is 11.38%.
1. Calculate the market value of equity:
Market value of equity = Number of shares outstanding * Share price
Market value of equity = 2.1 million * $4.0
Market value of equity = $8.4 million
2. Calculate the market value of debt:
Market value of debt = Outstanding debt
Market value of debt = $70.5 million
3. Calculate the total market value of the firm:
Total market value = Market value of equity + Market value of debt
Total market value = $8.4 million + $70.5 million
Total market value = $78.9 million
4. Calculate the proportion of equity in the firm's capital structure:
Proportion of equity = Market value of equity / Total market value
Proportion of equity = $8.4 million / $78.9 million
Proportion of equity = 0.1063
5. Calculate the proportion of debt in the firm's capital structure:
Proportion of debt = Market value of debt / Total market value
Proportion of debt = $70.5 million / $78.9 million
Proportion of debt = 0.8937
6. Calculate the after-tax cost of debt:
After-tax cost of debt = Debt cost of capital * (1 - Tax rate)
After-tax cost of debt = 7.5% * (1 - 22.1%)
After-tax cost of debt = 0.075 * (1 - 0.221)
After-tax cost of debt = 0.058575
7. Calculate the weighted average cost of capital (WACC):
WACC = (Equity proportion * Equity cost of capital) + (Debt proportion * After-tax cost of debt)
WACC = (0.1063 * 15.9%) + (0.8937 * 0.058575)
WACC = 0.016937 + 0.05238
WACC = 0.069317
WACC = 6.93% (rounded to two decimal places)
Therefore, Getrich's weighted average cost of capital is 11.38% (rounded to two decimal places).
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2. Longhorn Grill has operating income (EBIT) of $2,250,000. The company's depreciation expense is $450,000, its interest expense is $120,000, and its income tax rate is 40%.. firm has no amortization expense. What is its net income?
Answers
According to all the information provided the net income of Longhorn Grill is $780,000.
When all costs, such as operating expenses, interest payments, taxes, and depreciation have been subtracted from a company's revenue, the remaining profit is known as net income, also known as net profit or net earnings. It serves as a gauge of a company's profitability and shows how much money remains from revenue after all costs have been paid.
Net Income = Operating Income - Depreciation Expense - Interest Expense - Taxes
Operating Income (EBIT) = $2,250,000
Depreciation Expense = $450,000
Interest Expense = $120,000
Tax Rate = 40%
Net Income = $2,250,000 - $450,000 - $120,000 - (40% * $2,250,000)
Net Income = $2,250,000 - $450,000 - $120,000 - $900,000
Net Income = $780,000
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An individual taxpayer who began amortizing an expense in a prior year may claim the amortization deduction in the current year a. By entering the amount of the deduction directly on the appropriate business schedule. b. By entering the amount of the expense as an adjustment to income on Schedule 1 (Form 1040). c. Only if they complete Form 4562. Depreciation and Amortization d. Only if they complete Form 4797. Sale of Business Property.
Answers
Only if they complete Form 4562. Depreciation and Amortization is the correct answer. Option C is correct.
An individual taxpayer who began amortizing an expense in a prior year may claim the amortization deduction in the current year by completing Form 4562, Depreciation and Amortization. A tax form used by businesses and individuals to claim deductions for depreciation and amortization is known as Form 4562.
The process of paying off a debt over time through regular payments that include both principal and interest is known as Amortization. A method of accounting that is used to allocate the cost of a tangible asset over its useful life is known as Depreciation.
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you are planning to invest 2000 in an account, and you need the account to have 5000 in it after 8 years. At what annual rate must interest be paid continuously for the account to reach this value in the desired time? Give the rate in decimal form (e.g., 0.2 not 20%) and round the value to 4-decimal places
Answers
The annual interest rate required for the account to reach $5000 in 8 years, with continuous compounding, is approximately 0.03596 or 3.596%.
To determine the annual interest rate required for the account to reach $5000 in 8 years, we can use the formula for continuous compounding:
[tex]A = P * e^(rt),[/tex]
where:
A is the desired amount ($5000),
P is the initial investment ($2000),
e is the base of the natural logarithm (approximately 2.71828),
r is the interest rate (unknown),
and t is the number of years (8 years).
We need to solve for r, the interest rate. Rearranging the formula, we have:
r = ln(A/P) / t.
Let's calculate the interest rate:
r = ln(5000/2000) / 8
r = ln(2.5) / 8
r ≈ 0.2877 / 8
r ≈ 0.03596.
Therefore, the annual interest rate required for the account to reach $5000 in 8 years, with continuous compounding, is approximately 0.03596 or 3.596%.
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Which of the following is a traditional direct marketing tool?
A) catalog
B) e-mail
C) blog
D) online advertisement
E) Web site
Answers
The traditional direct marketing tool is catalog. Catalogs can be mailed to individuals and provide detailed information about the company's goods or services. It is a promotional method that businesses use to communicate directly with consumers, inform them of new products and services, and encourage them to make a purchase or take action. Many businesses still use catalogues as a direct marketing tool to this day.
A catalogue, often known as a mail-order catalog, is a list of goods or services provided by a business. Catalogs may be in the form of print publications, CD-ROMs, or online catalogs. The key feature of a catalogue is that it offers a comprehensive collection of items from which customers can pick.Catalogs are known for their usefulness to consumers in many ways.
They can serve as a reference guide, an idea source, or a buying tool. Catalogs may also have coupons or discounts, which serve as incentives to purchase.In conclusion, a catalog is the traditional direct marketing tool. Catalogs provide detailed information about the business's products and services, which encourages consumers to make a purchase.
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Nimbus, Inc. makes brooms and then sells them door-to-door. Here [below in the table] is the relationship between the number of workers and Nimbus’ output in a given day:
Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost
0 0
1 20
2 50
3 90
4 120
5 140
6 150
7 155
A worker costs $100 per day, and the firm has fixed costs of $200
e. Compare the column for marginal product and the column for marginal cost. Explain the relationship.
Answers
The marginal product initially increases as more workers are added, but eventually diminishes due to diminishing returns. Marginal cost decreases initially, but rises when marginal product diminishes, indicating the relationship between diminishing returns and increasing marginal cost.
Comparing the column for marginal product and the column for marginal cost, we can observe the relationship between them. The marginal product represents the additional output produced when one more worker is added, while the marginal cost represents the additional cost incurred to produce that additional output.
In this case, as the number of workers initially increases from 0 to 2, the marginal product also increases rapidly. This indicates that each additional worker is contributing significantly to the overall output, resulting in a steep increase in production.
However, as more workers are hired beyond the third worker, the marginal product starts to diminish. This means that each additional worker contributes less to the total output compared to the previous worker. The law of diminishing marginal returns sets in, leading to a decrease in the marginal product.
On the other hand, the marginal cost initially decreases as more workers are added, as the additional output gained from each worker justifies the increased cost.
But once the marginal product starts diminishing, the marginal cost begins to rise. This is because the cost of hiring an additional worker may not be fully compensated by the smaller increase in output, resulting in a higher marginal cost.
Therefore, the relationship between the marginal product and marginal cost in this scenario illustrates the diminishing marginal returns and the increasing marginal cost phenomenon.
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"X", "Y" and "Z" agreed to establish a partnership. "X" paid $1,000 cach and $4,000 inventory. "Y" paid $2,000 cash and $8,000 machines. "Z" paid Land of $15,000. Required: Compute total capital of each partner. Please DO NOT use "$" and "," signs in you answer. For example, if the answer is $10,000 for "X", $20,000 for "Y" and $50,000 for "Z", the answer should be exactely as: 10000 20000 50000 "X" "Y" "Z"
Answers
The total capital for each partner is as follows:
Partner X: $5,000
Partner Y: $10,000
Partner Z: $15,000
To compute the total capital of each partner, we need to add up the cash, inventory, machines, and land contributed by each partner.
Partner X contributed $1,000 in cash and $4,000 worth of inventory, so their total capital would be $5,000.
Partner Y contributed $2,000 in cash and $8,000 worth of machines, resulting in a total capital of $10,000.
Partner Z contributed land valued at $15,000, which becomes their total capital as well.
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When participating in the
___________ ___________ ___________ students and FBLA Chapters
are able to compete with students and chapters ranked the best in the state in competitive events.
The election of State officers occurs at this event.
O National Leadership Conference
O Fall Leadership Conference
O State Leadership Conference
O Regional Leadership Conference
Answers
Answer:
At the National Leadership Conference
Explanation:
Suppose that American economy was initially at a long-run equilibrium. Then the Bank of America, the country’s central bank, decides to increase the money supply. a. Using the Keynesian business cycle model, i.e. sticky nominal wages, explain the consequence of this fiscal expansion in the short run. What happens to C, I, (M/P) d , r, and Y? Illustrate your logic with the Keynesian cross, demand/supply in the market for real money balances, IS-LM model, AD-SRAS-LRAS, demand/supply in the labor market and SR/LR Phillips curves. Is money neutral in the short run?
Answers
This fiscal expansion in the short run, the Keynesian cross, the market for real money balances, the IS-LM model, the AD-SRAS-LRAS, the labor market supply/demand, and SR/LR Phillips curves can be used. Money is not neutral in the short term.
When Bank of America, the country's central bank, decides to increase the money supply, the following are the changes that occur in the Keynesian business cycle model with sticky nominal wages:
Consumption (C): Since the availability of credit has increased, consumers have more money to spend on goods and services. Therefore, C increases.
Investment (I): With increased access to credit, businesses can now borrow money to invest in capital and resources, thereby increasing production and profits. Therefore, I increases.
Real Money Balances (M/P) d: The supply of money has increased, but the demand for real money balances remains constant. This results in an excess supply of money, causing the interest rate to fall.
Interest Rate (r): Since the supply of money has increased, but the demand for real money balances remains constant, there is a surplus of money. This leads to a reduction in the interest rate.
Yield (Y): Due to increased investment and consumption, there is an increase in output.
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eb 28, 19 Debit Credit Bank Chequing 32,473.89 Bank Savings 35,489.00 Accounts Receivable 2,723.30 Cosmetics Supplies 1,576.00 Hair Care Supplies 868.00 Imaging Software 4,000.00 Office and Computer Supplies 1,051.00 Prepaid Insurance 3,150.00 Undeposited Funds 0.00 Computer Equipment:Cost 12,000.00 Computer Equipment:Depreciation 580.00 Salon:Cost 180,000.00 Salon:Depreciation 1,580.00 Salon Equipment:Cost 1,400.00 Salon Equipment:Depreciation 65.00 Salon Furniture:Cost 18,000.00 Salon Furniture:Depreciation 335.00 Accounts Payable 915.30 Bank Loan 8,000.00 GST/HST Payable 4,141.19 Long Term Loan 44,300.00 Mortgage Payable 119,000.00 Capital, Dhaibhen Mehta 27,393.56 Capital, Kiera O'Sullivan 27,393.57 Capital, Malin Andersson 27,393.57 Drawings, Dhaibhen Mehta 2,000.00 Drawings, Kiera O'Sullivan 2,000.00 Drawings, Malin Andersson 2,000.00 Other Revenue 25.00 Revenue from Interest 94.00 Revenue from Services 51,325.00 Uncategorized Income 0.00 Advertising and Promotion 1,600.00 Bank Charges 42.00 Depreciation Expense 2,560.00 General Expense 245.00 Insurance Expense 3,150.00 Interest Expense 2,290.00 Maintenance and Cleaning 1,050.00 Other Supplies Used 169.00 Salon Supplies Used 647.00 Storage Fees 250.00 Telephone Expense 457.00 Travel/Vehicle Expenses 1,350.00 Uncategorized Expenses 0.00 TOTAL 312,541.19 312,541.19 3:59 PM M
Answers
The total debit balance is $312,541.19, which should match the total credit balance. The time of the statement is 3:59 PM.
Based on the information you provided, here is a breakdown of the accounts and their respective balances:
Assets
Bank Chequing: $32,473.89
Bank Savings: $35,489.00
Accounts Receivable: $2,723.30
Cosmetics Supplies: $1,576.00
Hair Care Supplies: $868.00
Imaging Software: $4,000.00
Office and Computer Supplies: $1,051.00
Prepaid Insurance: $3,150.00
Undeposited Funds: $0.00
Computer Equipment:Cost: $12,000.00
Computer Equipment:Depreciation: $580.00
Salon:Cost: $180,000.00
Salon:Depreciation: $1,580.00
Salon Equipment:Cost: $1,400.00
Salon Equipment:Depreciation: $65.00
Salon Furniture:Cost: $18,000.00
Salon Furniture:Depreciation: $335.00
Liabilities:
Accounts Payable: $915.30
Bank Loan: $8,000.00
GST/HST Payable: $4,141.19
Long Term Loan: $44,300.00
Mortgage Payable: $119,000.00
Equity:
Capital, Dhaibhen Mehta: $27,393.56
Capital, Kiera O'Sullivan: $27,393.57
Capital, Malin Andersson: $27,393.57
Drawings, Dhaibhen Mehta: $2,000.00
Drawings, Kiera O'Sullivan: $2,000.00
Drawings, Malin Andersson: $2,000.00
Revenue:
Other Revenue: $25.00
Revenue from Interest: $94.00
Revenue from Services: $51,325.00
Uncategorized Income: $0.00
Expenses:
Advertising and Promotion: $1,600.00
Bank Charges: $42.00
Depreciation Expense: $2,560.00
General Expense: $245.00
Insurance Expense: $3,150.00
Interest Expense: $2,290.00
Maintenance and Cleaning: $1,050.00
Other Supplies Used: $169.00
Salon Supplies Used: $647.00
Storage Fees: $250.00
Telephone Expense: $457.00
Travel/Vehicle Expenses: $1,350.00
Uncategorized Expenses: $0.00l
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You find a stock with a beta of 1.3 that you expect to be priced at $55 next year and to pay a dividend of $0.85. If the risk-free rate is 3% and the market risk premium is 8%, what is the most you would be willing to pay for the stock today? a. $47.75 b. $48.50 c. $48.83 d. $49.25 What is the expected return of a stock that has a 40% chance of losing 10%, a 30% chance of making 4% and a 30% chance of making 18%? a. 4.00% b. 10.60% C. 2.60% d. 6.50%
Answers
The values, we get$$E(r)=0.4(-0.1)+0.3(0.04)+0.3(0.18)$$$$E(r)=-0.04+0.012+0.054$$$$E(r)=0.026=2.60\%$$Hence, the expected return of the stock is 2.60%.Therefore, option C is the correct answer.
For finding the current value of the stock today, the dividend discount model can be used. The dividend discount model is a way of valuing a company that pays dividends based on the theory that a share of stock is worth the present value of all future dividends, discounted back to their present value, also known as the discounted cash flow (DCF) formula.
The model represents the calculation of a company's current share price compared to its future dividend payments.Based on the above-mentioned information, let's calculate the value of the stock today:$$\begin{aligned}& D_1=0.85\\& P_1=55\\& r_f=0.03\\& \beta=1.3\\& E(r_m)-r_f=0.08\end{aligned}$$ The expected return of the stock can be calculated using the following formula:$$r_e=r_f+\beta(E(r_m)-r_f)$$Substituting the values, we get$$r_e=0.03+1.3(0.08)$$$$r_e=0.14$$
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The stock of Canadian Ski Wear is currently trading at $45 a share and the equity beta of the company is estimated to be 1.3. The company is expected to pay a dividend of $1.50 a share next year, and this dividend is expected to grow at a rate of 4% per year. The rate on the 10-year U.S. Treasury bond is 4% and you estimate the market risk premium to be 5%. Using the dividend growth model, what is the company’s cost of equity?
Answers
Answer:
737383ujeheur8ieh3r8r8
Available working hours for each staff member are 8 hours per day, 5 days a week. The current staffing plan is as follows:
A. Paper screening: 3 staff members.
B. Design and Production: 4 staff members.
C. Testing: 6 staff members.
D. Focus Group: 1 staff member.
E. Final Decision: 1 management team
a. How many new ideas would Gamer Co. approve for production per week if it had unlimited capacity (staff) in its R&D process?
b.Which stage is the bottleneck according to the current staffing plan?
A. Design and production
Answers
A. Gamer Co. would approve a total of 3 × 4 × 6 × 1 × 1 = 72 new ideas for production per week if it had unlimited capacity (staff) in its Research and development process,
b. According to the current staffing plan, the bottleneck stage is the Design and Production stage
A- In the R&D process, the number of new ideas approved for production per week can be calculated by multiplying the number of staff members in each stage. In this case, there are 3 staff members for paper screening, 4 staff members for design and production, 6 staff members for testing,
1 staff member for the focus group, and 1 management team for the final decision. Multiplying these numbers together gives us the total number of new ideas that can be approved per week, which is 3 × 4 × 6 × 1 × 1 = 72.
b-To The bottleneck stage is the stage in a process that limits the overall capacity or output. In this case, the number of staff members in each stage is 3 for paper screening, 4 for design and production, 6 for testing, 1 for the focus group, and 1 management team for the final decision. The design and production stage has the lowest number of staff members compared to other stages.
As a result, it sets the maximum capacity for the entire R&D process. If there were more staff members allocated to the design and production stage, the overall capacity and output of the process could increase. Therefore, based on the current staffing plan, the design and production stage is the bottleneck.
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National Scan Inc. sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000) Units
Answers
The average monthly sales for a seven-month period were $485.71 for National Scan Inc. sells radio frequency inventory tags
National Scan Inc. sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month Sales in Units
January$520, February$460, March$510, April$450, May$490, June$470, July$500
The total sales for a seven-month period were:
Total sales = January + February + March + April + May + June + July
Total sales = $520 + $460 + $510 + $450 + $490 + $470 + $500
Total sales = $3400
The average monthly sales for a seven-month period were:
Average sales = Total sales / Number of months
Average sales = $3400 / 7
Average sales = $485.71.
Thus, the average monthly sales for a seven-month period were $485.71.
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If the ratio of reserves to deposits (rdr) increases, while the ratio of currency to deposits (cdr) is constant and the monetary base (MB) is constant, then: a.) the money supply increases. b.) the money supply decreases. c.) it cannot be determined whether the money supply increases or decreases. d.) the money supply does not change.
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If the ratio of reserves to deposits (rdr) increases, while the ratio of currency to deposits (cdr) is constant and the monetary base (MB) is constant c.) it cannot be determined whether the money supply increases or decreases.
The money supply is influenced by various factors, including the reserve ratio, the currency ratio, and the monetary base. In this scenario, the increase in the reserves-to-deposits ratio (rdr) indicates that a larger proportion of deposits is being held as reserves by banks. However, without information about the changes in other factors, such as loans and investments.
The money supply can increase or decrease depending on the interactions between different factors. For example, if banks decrease their lending or investment activities, the money supply may decrease despite the increase in the reserves-to-deposits ratio. On the other hand, if banks increase their lending or investment activities, the money supply may increase despite the higher reserves-to-deposits ratio.
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Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market value is $8 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 Record the declaration of a 5% stock dividend. Note: Enter debits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general journal View transaction list Journal entry worksheet < 1 2 Record the distribution of 5% stock dividend. Note: Enter debits before credits. Date July 20 Record entry General Journal Clear entry Debit Credit View general journal
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On July 1, Epic Incorporated declares a 5% stock dividend on its 10,000 shares of $2 par value common stock outstanding. On July 20, the stock dividend is distributed.
What are the journal entries for Epic Incorporated's stock dividend declaration and distribution?Journal entries are used to record financial transactions in a systematic and organized manner. They serve as the foundation for maintaining accurate accounting records and preparing financial statements. These entries capture the dual aspect of every transaction, ensuring that debits and credits are properly recorded.
Epic Incorporated, with 10,000 shares of $2 par value common stock outstanding, decides to declare a 5% stock dividend on July 1. A stock dividend is a distribution of additional shares to existing shareholders rather than cash. In this case, the dividend amounts to 500 shares (10,000 shares * 5%).
To record the declaration, Epic debits the Retained Earnings account for the fair value of the dividend (500 shares * $8 market value per share). The Credit entry is made to the Common Stock Dividend Distributable account. July 20, the stock dividend is distributed.
Epic debits the Common Stock Dividend Distributable account for the par value of the dividend (500 shares * $2 par value per share). The Credit entry is made to the Common Stock account to reflect the issuance of the dividend shares to the shareholders.
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The journal entry for the declaration of a 5% stock dividend on July 1 would be a debit to Retained Earnings and a credit to Common Stock Dividend Distributable. The journal entry for the distribution of the stock dividend on July 20 would be a debit to Common Stock Dividend Distributable and a credit to Common Stock.
Explanation:To prepare the journal entries for the declaration and distribution of the 5% stock dividend, we need to understand the impact of this transaction on Epic Incorporated's financial statements. When a stock dividend is declared, it increases the number of shares outstanding, resulting in a decrease in retained earnings and an increase in contributed capital. The journal entry for the declaration on July 1 would be:
Debit: Retained Earnings - 5% x Market Value of Stock = $2,000 (5% x $8 x 10,000)
Credit: Common Stock Dividend Distributable = $2,000
When the stock dividend is distributed on July 20, the entry would be:
Debit: Common Stock Dividend Distributable = $2,000
Credit: Common Stock = $2,000 (5% x market value x number of new shares)
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Company ABC estimates it will sell 14,000 units during the first quarter with a 10% increase in sales each successive quarter. Each surfboard cost $140 and is sold for $200.
How much is budgeted sales in unit for the third quarter ?
How much is budgeted sales for the third quarter ?
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Sales in the second quarter is 15,400 units. The budgeted sales for the third quarter is $1,016,400.
Given the information that Company ABC estimates to sell 14,000 units in the first quarter with a 10% increase in sales every successive quarter. Each surfboard costs $140 and is sold for $200. Budgeted sales in units for the third quarter The sales in the first quarter are given as 14,000 units. For the second quarter, the sales can be calculated by using the given 10% increase formula: Sales in the second quarter = 14,000 × 110% = 15,400 units
For the third quarter, the sales can be calculated in the same way as the second quarter: Sales in the third quarter = 15,400 × 110% = 16,940 units Therefore, the budgeted sales in units for the third quarter are 16,940 units. Budgeted sales for the third quarter
The cost of producing each surfboard is given as $140. The selling price of each surfboard is $200.Therefore, the profit on each surfboard is: Profit per surfboard = Selling price − Production cost= $200 − $140= $60
Therefore, the total sales can be calculated by multiplying the budgeted sales in units for the third quarter with the profit per surfboard: Total sales = 16,940 units × $60= $1,016,400Therefore, the budgeted sales for the third quarter is $1,016,400.
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4. Aada's dty is trying to get citizens to invest in municipal bonds. How will the city MOST likely use these funds?
to host a city festival
to pay for road improvements
to give raises to the city council
to feed families who are in need
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Answer:
to pay for road improvements
Explanation:
Remember, the term municipal bonds basically refers to a special kind of loan issued to a local government by its citizens or investors and meant to be used by the government to fund public projects such as road construction, hospitals, and other forms of infrastructure that benefit the general public.
Therefore, the city would most likely use these funds to pay for road improvements as this would benefit the general public.
Answer: to pay for road improvements
Which of the following is the best way to protect yourself against plagiarism?
Select one:
a. Always cite your sources.
b. Paraphrase other people's information and cite the source of that information.
c. Include your own contributions so you are not relying exclusively on the ideas of others.
d. All of the above are required in order to protect yourself against plagiarism.
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The best ways to protect yourself against plagiarism are "it is necessary to always cite your sources, paraphrase other people's information while citing the source, and include your own contributions to avoid relying solely on the ideas of others". Option D is the correct answer.
Citing sources is crucial because it gives credit to the original authors or creators of the information you use in your work. It shows that you have done thorough research and acknowledges the intellectual property of others. Paraphrasing helps to express ideas in your own words while still giving credit to the original source. This demonstrates your understanding of the information and avoids directly copying someone else's work. Including your own contributions ensures that you add your unique perspective and analysis, demonstrating independent thought and reducing the risk of plagiarism.
By following all these practices (citing sources, paraphrasing, and adding personal contributions), you can protect yourself against plagiarism and maintain academic integrity. Option D is the correct answer.
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select the statement below that corresponds to the business cycle.
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The statement below that corresponds to the business cycle is "The business cycle is a term used to describe the fluctuation in economic activity over time.
Business cycle - The business cycle refers to the recurring fluctuations in economic activity over time. It is the periodic ups and downs in an economy's output and employment that are part of the macroeconomic context of a country.The business cycle is characterized by four stages: expansion, peak, contraction, and trough, in which the economy shifts from the growth to decline and then back to growth.
The duration of each of the phases can vary based on economic activity and historical context.The business cycle has several theories surrounding it, including the Keynesian view, the monetarist perspective, and the classical view.
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XYZ limited is a key distributor of building materials from Ghacem Limited, Dangote Gh Limited, Sol Limited and Jata cement Limited. As a Total Quality Management consultant you have been contracted by the XYZ limited to guide them select the best supplier from the 4 companies. Take a decision for the company.
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Based on my analysis as a Total Quality Management consultant, I recommend XYZ Limited to select Ghacem Limited industry as the best supplier among the four companies.
Ghacem Limited has consistently demonstrated superior performance in terms of quality, reliability, and customer satisfaction. Their building materials have been widely recognized for their durability and adherence to industry standards. The company has a strong reputation for delivering products on time and providing excellent customer service.
Moreover, Ghacem Limited has implemented robust quality control measures throughout their manufacturing process, ensuring consistent product quality. Their commitment to continuous improvement and innovation aligns well with XYZ Limited's goal of delivering the highest quality building materials to their customers. By partnering with Ghacem Limited, XYZ Limited can enhance their reputation and maintain a competitive edge in the market.
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Aline has three contacts from which to choose. The first contract will require an outy of $110.000 but will retum $170.500 one y The third contract requires an outley of $290.000 and will $410.000 how The second contract requires an outy of $220.000 and will um $135,500 year from row Orly one contract can be accepted if her MARR is 25 percent, which one should she choos?
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Aline should choose the third contract with an NPV of approximately $96,000, as it provides the highest net present value at a MARR of 25 percent.
How should Aline choose between contracts based on Net Present Value?To determine which contract Aline should choose, we need to calculate the Net Present Value (NPV) for each contract using her Minimum Acceptable Rate of Return (MARR) of 25 percent.
The NPV formula is:
NPV = Cash Flow / (1 + MARR)^n
Where:
- Cash Flow is the net cash flow in a particular year (positive for inflows, negative for outflows).
- MARR is the Minimum Acceptable Rate of Return.
- n is the year in which the cash flow occurs.
Let's calculate the NPV for each contract:
For the first contract:
Outlay = $110,000
Return = $170,500
Net cash flow = Return - Outlay = $170,500 - $110,000 = $60,500
n = 1 (since the return is received after one year)
NPV = $60,500 / (1 + 0.25)^1 ≈ $48,400
For the second contract:
Outlay = $220,000
Return = $135,500
Net cash flow = Return - Outlay = $135,500 - $220,000 = -$84,500
n = 1 (since the return is received after one year)
NPV = -$84,500 / (1 + 0.25)^1 ≈ -$67,600
For the third contract:
Outlay = $290,000
Return = $410,000
Net cash flow = Return - Outlay = $410,000 - $290,000 = $120,000
n = 1 (since the return is received after one year)
NPV = $120,000 / (1 + 0.25)^1 ≈ $96,000
Comparing the NPV values, Aline should choose the contract with the highest NPV. In this case, the third contract has the highest NPV of approximately $96,000. Therefore, Aline should choose the third contract.
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On January 1, 2019, Vacker Co. acquired 70% of Carper Inc. by paying $650,000. This included a $20,000 control premium. Carper reported common stock on that date of $420,000 with retained earnings of $262.000. A building was undervalued in the company's financial records by $28,000. This building had a ten-year remaining life. Copynights of $80,000 were to be recognized and amortized over 20 years Carper earned income and paid cash dividends as follows: NI Div Paid 2019 $115,000 $44,600 2020 $144,400 $51,600 2021 $164,000 $74,000 On December 31, 2021, Vacker owed $30,800 to Carper. There have been no changes in Carper's common stock account since the acquisition. 1. Show the acquisition date FV allocation, which includes detailed steps such as allocation to BV, FV over BV, and Goodwill allocation, between controlling and noncontrolling interests. (4pts) 2. Calculate the following amounts for individual accounts. the balance of investment in Carper on Vacker's book on Dec 31" 2020; noncontrolling interest on consolidated financial statement on Dec 31, 2020); and the balance of noncontrolling interest on Dec 31" 2021. 3. List all necessary consolidation entries as of December 31, 20217
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Acquisition Date Fair Value (FV) Allocation:
a) Allocation to Book Value (BV):
Common Stock: $420,000
Retained Earnings: $262,000
Building Undervaluation: $28,000
Total BV: $710,000
b) FV Over BV:
Total Consideration Paid: $650,000
Control Premium: $20,000
Undervaluation of Building: $28,000
Copyrights: $80,000
Total FV Over BV: $778,000
c) Goodwill Allocation:
Goodwill = Total FV Over BV - Noncontrolling Interest Share of FV Over BV
Noncontrolling Interest = (100% - Controlling Interest Percentage)
Controlling Interest Percentage = 70%
Noncontrolling Interest Percentage = 100% - 70% = 30%
Goodwill = $778,000 - (30% of $778,000) = $778,000 - $233,400 = $544,600
Allocation Summary:
Allocation to BV: $710,000
FV Over BV: $778,000
Goodwill: $544,600 (allocated to controlling interest)
Calculation of Amounts:
a) Balance of Investment in Carper on Vacker's books on December 31, 2020:
Balance of Investment = Initial Investment + Share of Carper's Earnings - Share of Carper's Dividends
Initial Investment = $650,000
Share of Carper's Earnings (2020): 70% of $144,400 = $101,080
Share of Carper's Dividends (2020): 70% of $51,600 = $36,120
Balance of Investment = $650,000 + $101,080 - $36,120 = $714,960
b) Noncontrolling Interest on Consolidated Financial Statements on December 31, 2020:
Noncontrolling Interest = Noncontrolling Interest Percentage * Carper's Net Assets
Noncontrolling Interest Percentage = 30%
Carper's Net Assets = Carper's Equity - Goodwill - Undervaluation of Building
Carper's Equity = Common Stock + Retained Earnings = $420,000 + $262,000 = $682,000
Goodwill = $544,600
Undervaluation of Building = $28,000
Noncontrolling Interest = 30% * ($682,000 - $544,600 - $28,000) = 30% * $109,400 = $32,820
c) Balance of Noncontrolling Interest on December 31, 2021:
Balance of Noncontrolling Interest = Noncontrolling Interest on December 31, 2020 + Share of Carper's Earnings - Share of Carper's Dividends
Share of Carper's Earnings (2021): 70% of $164,000 = $114,800
Share of Carper's Dividends (2021): 70% of $74,000 = $51,800
Balance of Noncontrolling Interest = $32,820 + $114,800 - $51,800 = $95,820
Consolidation Entries as of December 31, 2021:
To eliminate Carper's Equity accounts and recognize Noncontrolling Interest:
Dr. Common Stock (Carper)
Dr. Retained Earnings (Carper)
Cr. Noncontrolling Interest
Cr. Goodwill
Cr. Undervaluation of Building
To eliminate Investment in Carper and recognize Noncontrolling Interest Share of Net Assets:
Dr. Investment in Carper
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Question 2 1 pts What advantages did IBM computers offer to Indian businesses (why did they want to use them)? Edit View Insert Format Tools Table T²V 12pt Paragraph | BIU ✓ р A + 0 words
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Indian businesses wanted to use IBM computers for their reliability, global standardization, advanced technology, scalability, technical support, software compatibility, and access to global resources.
IBM computers offered several advantages to Indian businesses, making them desirable for adoption. Here are some reasons why Indian businesses wanted to use IBM computers:
1. Reliability and Performance: IBM computers were known for their reliability and high-performance capabilities. Indian businesses sought these features to ensure smooth and efficient operations, especially in critical business processes and data management.
2. Global Standardization: IBM was a globally recognized brand and its computers adhered to international standards. Indian businesses saw the adoption of IBM computers as a way to align with global best practices and standards, enabling them to compete on an international level.
3. Advanced Technology: IBM computers incorporated advanced technology and innovative features. This allowed Indian businesses to leverage cutting-edge computing capabilities, enhance productivity, and gain a competitive edge in their respective industries.
4. Scalability and Flexibility: IBM computers offered scalability, allowing businesses to easily upgrade their systems as their needs grew. The flexibility of IBM computers enabled customization to meet specific business requirements, providing tailored solutions for different industry sectors.
5. Technical Support and Service: IBM had a strong reputation for providing comprehensive technical support and service. Indian businesses valued the assurance of reliable support, which helped in addressing any issues or concerns promptly, minimizing downtime, and maximizing productivity.
6. Software Compatibility: IBM computers were compatible with a wide range of software applications, including popular business software. This compatibility allowed Indian businesses to leverage existing software investments and smoothly integrate their operations with the IBM computer ecosystem.
7. Access to Global Resources: By adopting IBM computers, Indian businesses gained access to a vast network of IBM resources, including research and development, industry expertise, and business consulting services. This access provided valuable insights and support for strategic decision-making and innovation.
In summary, Indian businesses sought to use IBM computers for their reliability, performance, global standardization, advanced technology, scalability, flexibility, technical support, software compatibility, and access to global resources. These advantages enabled businesses to enhance their operational efficiency, competitiveness, and ability to navigate the evolving digital landscape.
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As temperatures rise in North America it will be easy for agricultural production to move northward where growing conditions will be better.
True
False
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The statement "As temperatures rise in North America it will be easy for agricultural production to move northward where growing conditions will be better" is partially true because some crops may thrive in the new climatic conditions while others may not.
It is also important to consider other factors such as soil fertility, water availability, pests and diseases, and access to markets when deciding to move agricultural production to a new region.However, generally speaking, higher temperatures may benefit some crops as they may be able to grow better in warmer conditions.
For example, crops that require long warm growing seasons, such as corn and soybeans, may see increased yields with higher temperatures. Additionally, warmer temperatures can expand the range of crops that can be grown in a particular region. Therefore, it may be easier for some agricultural production to move northward where growing conditions will be better due to the increase in temperatures, but it is not a guarantee for all crops.
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Which of the following descriptions corresponds with ratio analysis? a.) This is used to calculate rate of return on sales. b.) Item can be expressed as a percentage of total assets. c.) This evaluates financial statements for two or more periods. d.) Owner's equity and liabilities are used in calculations.
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This is used to calculate rate of return on sales corresponds with ratio analysis. Option A is the correct answer.
A method for evaluating the connections between the components of a financial statement is ratio analysis. The management uses financial statistics to assess the profitability, liquidity, financial stability, and efficiency. For businesses, ratios serve as benchmarks. Within an industry, they assess the stocks. They assess a company's current performance in comparison to its past results. Option A is the correct answer.
Since management typically has the freedom to occasionally change its strategy to improve its stock and business ratios, it is also crucial to understand the factors influencing ratios in the majority of situations. Efficiency ratios, which are often referred to as activity ratios, assess how well a business uses its resources to drive sales and increase profits. Inventory turnover, turnover ratio, and days' sales in inventory are important efficiency ratios.
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