Answer:
c. 97.558%
Explanation:
Options are "A. 50.0.% B. 2.442% C. 97.558% D.197.0% E. 47,442%"
Mean = μ = 1447
Standard deviation = σ = 715
Observed value = X = 2855
Using z-score formula, Z = (X - μ) / σ
Z = (2855 - 1447) / 715
Z = 1.97
P(Z<1.97) = 0.97558
P(Z<1.97) = 97.558%
So, the probability of a stock-out is 97.558%.
Preston Industries, Inc. currently manufactures part QX100, which is used in several products produced by the company. Monthly production costs for 10,000 units of QX100 are as follows: Direct materials$82,000 Direct labor$13,000 Variable overhead costs$40,000 Fixed overhead costs$44,000 Total manufacturing costs$179,000 Accounting has estimated that 20% of the fixed overhead costs currently assigned to QX100 would not be needed if the company chose to purchase the part from an outside supplier. Preston currently has the option of purchasing the part from an outside supplier at $16.00 per unit. If the company accepts the offer from the outside supplier, the monthly avoidable costs (that is, costs that would no longer be incurred) would be:
Answer:
$143,800
Explanation:
Particulars Amount
Direct materials $82,000
Direct labor $13,000
Variable manufacturing costs $40,000
Fixed overhead cost (44,000*20%) $8,800
Total monthly avoidable costs $143,800
If the company accepts the offer from the outside supplier, the monthly avoidable costs would be $143,800.
Sales $ 576,000 $ 491,500 Variable costs 189,000 260,500 Traceable fixed costs 173,500 196,400 Allocated common corporate costs 123,900 143,100 Net operating income (loss) $ 89,600 $ (108,500 ) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of
Answer:
$(18,900)
Explanation:
Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)
Using this formula
Net operating income (loss) = Net operating income of East division -Allocated common cost to West division
Let plug in the formula
Net operating income (loss)= $ 89,600 - $108,500
Net operating income (loss)= $(18,900)
Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)
which one is correct about HRM
Human resource management or HRM is a very important factor in any business organisation. HRM means effective and efficient management of the employees working in the company.
What is HRM?Many business organisations are successful because of the right team and dedicated employees. They consider the employees as one of the greatest assets.
The human resource manager for the HR head of the department needs to be sensitive and understanding toward the problems or aspirations of the employees.
This would help to retain the hard-working and honest employees who would intern give a competitive advantage to the business.
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Plimpton Company produces countertop ovens. Plimpton uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production. The direct labor standard indicates that two direct labor hours should be used for every oven produced. The normal production volume is 100,000 units. The budgeted overhead for the coming year is as follows:
Fixed overhead $770,000
Variable overhead 444,000
Plimpton applies overhead on the basis of direct labor hours. During the year, Plimpton produced 97,000 units, worked 196,000 direct labor hours, and incurred actual fixed overhead costs of $780,000 and actual variable overhead costs of $435,600.
Required:
1. Calculate the standard fixed overhead rate and the standard variable overhead rate.
2. Compute the applied fixed overhead and the applied variable overhead.
What is the total fixed overhead variance?
What is the total variable overhead variance?
3. Break down the total fixed overhead variance into a spending variance and a volume variance.
Spending Variance $
Volume Variance $
4. Compute the variable overhead spending and efficiency variances.
5. Now assume that Plimpton’s cost accounting system reveals only the total actual overhead. In this case, a three-variance analysis can be performed. Using the relationships between a three- and four-variance analysis, indicate the values for the three overhead variances.
Answer:
Explanation:
Hours Required Per Unit = 2
Production Volume = 100,000
Total Hours required = 200,000 units
1. The standard fixed overhead rate will be:
= Fixed overhead/Total hours required
= $770,000/200,000
= $3.85/hour
The standard variable overhead rate will be:
= Variable Overhead /Total Hours required
= $440,000/200000
= $2.22 /hour
2. The applied fixed overhead will be:
= standard fixed overhead rate × actual production × hours required per unit
= 3.85 × 97000 × 2
= $746,900
The applied variable overhead will be:
= standard variable overhead rate × actual production × hours required per unit
= 2.22 × 97000 × 2
= $430,680
The total fixed overhead variance will be:
= Actual overhead - Standard overhead
= $435600 - $430680
= $4920
The total variable overhead variance will be:
= $780000 - $746900
= $33100
3. The spending variance of the total fixed overhead variance will be:
= (3.85 × 200000) - 780000
= -10000
The volume variance of the total fixed overhead variance will be:
= 746900 - (3.85 × 200000)
= -23100
4. The variable overhead spending variance will be:
= (2.22 × 196000) - 430680
= -480
The variable overhead efficiency variances will be:
= 430680 - (2.22 × 196000)
= -4440
5. Based on the information given, the variances will be:
Volume Variance = -23100
Efficiency Variance = -4440
Spending Variance = (-480-10000) = -10480
3. Discuss clearly each authors/contributors theories/principles/assumptions.
Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
Theories are not considered facts but are based off of thoughts.
Principals are like guidelines to doing something in a better or good way. Assumptions are thinking that something is a certain way even though you may not have any evidence to support that.
What is functionalism social stability?Functionalism social stability has been known as the key to have a strong society, and adequate socialization and social integration are necessary to achieve social stability. Conflict theory society is full of pervasive inequality based on social class, gender, and other factors.
The theory, functional theory for instance, can be used to understand it by knowing that Society’s social institutions perform important functions to help ensure social stability. The essence of such show is to bring about social stability
Conflict theory can help understand that far-reaching social change is needed to reduce or eliminate social inequality and to create an egalitarian society while functional theory is used to understand the show for social stability, the other theory, conflict theory, us used to bring about social equality.
Therefore, Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
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Question 6 of 10
Why is it important to assign blame in the case of workplace accidents?
A. While it is important to try to prevent accidents, it is not important
to assign blame.
O B. To determine what caused an accident and how similar accidents
can be prevented in the future
O c. So whoever caused an accident will be appropriately punished
D. To fire workers who caused their own injuries
SUBMIT
Answer: To determine what caused an accident and how similar accidents can be prevented in the future
Explanation:
It is important to assign blame in the case of workplace accidents in order to determine what caused it and how similar accidents can be prevented in the future.
Why is blame assignation important after an accident?It is important in order to avoid a re-occurrence of the accident and to ensure that proper measures are taken by whoever is responsible.
It also ensure that everybody learns to keep safety as a watch word to ensure that accidents are almost eradicated at work.
Therefore, the Option B is correct.
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During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, $95,000, and $140,500, respectively. In addition, the company had an interest expense of $70,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible).
a. What is the company’s net income/loss for 2018?
b. What is the company's operating cash flow?
Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000
Amy, Becky, and Chau form a business entity with each contributing the following. Adjusted Basis Fair Market Value Amy: Cash $100,000 $100,000 Becky: Land $60,000 120,000 Chau: Services 50,000 Their ownership percentages will be as follows. Amy 40% Becky 40% Chau 20% Becky's land has a $20,000 mortgage that is assumed by the entity. Chau is an attorney who receives her ownership interest in exchange for legal services. Determine the recognized gain to the owners, the basis for their ownership interests, and the entity's basis for its assets under each entity scenario.
Vegetarian Delights has been experiencing declining market conditions for its specialty foods division. Management decided to test the operational assets of the division for possible impairment. The test revealed the following: book value of the division's assets, $34.0 million; fair value of the division's assets, $25 million; sum of estimated future cash flows generated from the division's assets, $27 million. What amount of impairment loss should Vegetarian Delights record
Answer: $9 million
Explanation:
Based on the information given in the question, the amount of the impairment loss that Vegetarian Delights should record will be calculated as:
Book value of division's asset = $34.0 million
Less: Fair value of divisions asset = $25 million.
Impairment loss = $34million - $25million = $9 million
Michael's team is trying to determine how they can process shipments more quickly.
He has convened a large group to come up with some ideas, but only a few people pleaare driving the conversation. Which rule of good brainstorming is this violating?
O a) All ideas are recorded
b) No one may criticize another person's idea
c)
Evaluate ideas after everything is on the table
d) Make sure everyone participates
Please no links!! Thx
Answer:
its D
Explanation:
because not all people are talking and only a few are driving it, that makes the answer D.
The rule of a good brainstorming that is being violated is that making sure that everyone is participating by sharing their ideas. Hence, option D is correct.
What is brainstorming?Brainstorming refers to as a session in which a group of people are involved to discuss an important topic and coming at an effective solution when people share their own ideas.
In order to ensure an ideal brainstorming session, it is advisable for Michael's team to ensure that everyone participating in the session put forth their ideas.
Hence, option D holds true regarding brainstorming.
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Reliance Corporation has provided the following information for the year ended December 31, 2019:
The equipment account balance increased $202,000.
The equipment accumulated depreciation account balance increased $35,200.
Equipment costing $50,400 was sold during the year resulting in a $10,300 gain.
Depreciation expense recorded on the equipment during the year was $65,200.
Which of the following statements is correct with respect to determining cash flow from operating activities?
A. A $258,400 cash outflow is reported for equipment purchases.
B. A $62,450 cash inflow is reported from the equipment sale.
C. A $207,000 cash outflow is reported for equipment purchases.
D. A $51,400 cash outflow is reported for the equipment sale.
Answer:
Reliance Corporation
The cash flow from operating activities related to the equipment account is $54,900.
This involves the adjustment of the net income with the depreciation expense for the year ($65,200) and the gain from the sale of the equipment (-$10,300).
Therefore, none of the answers from A to D is correct. The cash outflow for equipment purchases is not an operating activity. The cash inflow from equipment sale is not an operating activity.
Explanation:
a) Data and Calculations:
Increase in equipment account balance = $202,000
Increase in equipment accumulated depreciation account balance = $35,200
Depreciation expense on equipment during the year = $65,200
Accumulated depreciation on equipment sold = $30,000 ($65,200 - $35,200)
Cost of equipment sold = $50,400
Book value of equipment sold = $15,200 ($50,400 - $35,200)
Depreciation expense = $65,200
Gain from the sale of equipment = (10,300)
Cash flow from operating activities $54,900
M9.5 Peter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand for a special type of tubing was 186 packages of this tubing with a standard deviation of 13 packages of tubing. The lead time for receiving this tubing from the supplier is 1.5 weeks. Peter would like to maintain a 95% service level and places an order for 750 packages every time an order is placed. a) How much safety stock should be used for a 95% service level
Answer:
26 packages
Explanation:
Given that:
The demand D = 186 packages in a week
Standard deviation = 13packages
The lead time L = 1.5 weeks
Order quantity Q = 750 packages
The Confidence service Level = 0.95
At the service level (SL) if we find the P(Z) of the SL using Excel, we have:
P(Z) = NORMSINV(0.95)
P(Z) = 1.64
Thus;
the safety stock = Z × SD√L
[tex]= 1.64 \times 13 \sqrt{1.5} \\ \\[/tex]
= 1.64 \times 13 (1.224745)
= 1.64\times15.92
= 26.11156
≅ 26 packages
an industrial oven and fryer is an example of which factor of production?
a. land
b. labor
c. capital
d. more than one type is correct
Answer:
I believe this is C. capital
Answer:
C
Explanation:
Capital
1. Large-denominated ($100,000 and more) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults
Refer to the above list. The assets that are not included in either M1 or M2 are
(Points : 1)
items 1, 5, 9, and 10.
items 2, 5, 8, and 9.
items 1, 3, 5, 7, and 9.
all of the 10 items listed.
Answer:
items 1, 5, 9, and 10.
Explanation:
From the question, it is given that the large time deposits are not be in M1 or in M2. They are also not stock certificates, or the money market funds that may be held by the businesses, or by bank reserves.
Therefore, the correct answer is :
The items of 1, 5, 9 and 10 are not in M1 or in M2.
here are seven firms in the automobile industry. The market shares of the firms are 34 percent, 21 percent, 17 percent, 9 percent, 8 percent, 6 percent and 5 percent. Assume that the two (2) smallest companies (in terms of market share) in the automobile industry seek to merge in an effort to realize economies of scale and effectively compete with the larger companies in the industry. If so, then most likely
Answer:
The answer is "Option 4".
Explanation:
The Herfindahl-Hirschman Index formula:
[tex]HHI=s_{12} + s_{22} + s_{32} + s_{42} +........ + s_{n2}[/tex]
here sn is the firm n's share of the market proportion represented the society in general number instead of a decimal
Index Herfindahl-Hirschman:
[tex]= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 62 + 52\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 25\\\\= 2092[/tex]
Index Herfindahl-Hirschman(Result of the merger, firms with profit margins of 6% and 5% provided market shares of respectively).
[tex]= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 112\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 121\\\\= 2188[/tex]
The market with just an HHI of less than 1,500 is called a competitive industry, one on an HHI of 1,500 to 2,500 is called a moderately competitive store, and one on an HHI of 2,500 or higher is considered a highly potent store by us Justice department.
All businesses operate in a moderately crowded market, as well as a merger such as this reduces competition (increases chances of monopoly). Also as result, the Justice Dept may examine its merger but will most likely deny this because the Herfindahl-Hirschman index has risen.
Question 8 of 19
Which of the following is a benefit of division of labor?
O A. Workers become better at their tasks.
B. Salaries increase.
C. Governments gain control of incentives.
D. Taxes outpace profits.
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How could a new manager use Vineet Nayar's principle of "employees first, customers second (EFCS)"?
Employing a bossless environment
Recognizing and providing learning opportunities as needed
Keeping tabs on every detail of an employee's project
Keeping the status quo in their current environment
Answer:
Vineet Nayar's principle of "employees first, customers second" suggests that a manager should prioritize the well-being and development of their employees in order to ultimately improve the experience for customers. There are several ways a new manager could put this principle into practice:
Implementing a "bossless" environment: One way to empower employees is by creating a flat organizational structure where decision-making is decentralized. This can create a sense of ownership among employees, and they may feel more motivated to work towards achieving company goals.
Recognizing and providing learning opportunities: A manager can invest in the development of their employees by recognizing their strengths and providing them with opportunities to learn new skills. This can help employees to advance in their careers, which can ultimately lead to a more motivated and engaged workforce.
Keeping tabs on every detail of an employee's project: A manager who is invested in the success of their employees will want to stay informed about the progress of their projects. Keeping close tabs on an employee's project can help a manager to identify and address any roadblocks or issues that might be preventing the employee from reaching their full potential.
Keeping the status quo: The principle of EFCS is not about keeping everything the same, the idea is to focus on employee first and they will bring the change that customer needs. A manager should be open to change and experimentation. While it's important to maintain a sense of stability in the workplace, it's also important to be open to new ideas and approaches to improving the experience for both employees and customers.
It's worth noting that implementing EFCS takes time and needs to be approached with a sense of empathy. Putting this principle in practice requires a manager to have a deep understanding of their employees' needs and aspirations, and to be willing to make changes to the organization and to their own management style in order to create a more positive and fulfilling work environment for everyone.
Dunphy Company issued $44,000 of 10.0%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30.
Answer:
S/n Date General Journal Debit Credit
a Jan 01 Cash $44,000
Bonds payable $44,000
b June 30 Interest expense $2,200
($44,000*10%*6/12)
Cash $2,200
Your reading material illustrates a typical example of what happens if you pay just the minimum monthly payment every month on a credit card balance, In this example, approximately how long will it take to pay off the original dept completely?
Answer: Most credit cards only require you to make a minimum payment each month, which is typically a fixed amount, often $20 to $25, or a percentage of your balance, usually 1 to 3 percent. Paying the minimum is tempting, especially if your budget is tight. But the less you pay now, the more you’ll pay later.
Carrying a credit card balance not only means you’ll be in debt longer, but it also means you can rack up massive amounts of interest, thanks to exorbitant, oftentimes double-digit interest rates.
Explanation:
To give you an idea of just how costly it can be to pay only the minimum on your credit card, personal finance site NerdWallet crunched the numbers and determined the interest costs of paying off debt. It assumed credit card debt of $6,081, which is what the average household with revolving credit card debt owes, and an interest rate of 14.99 percent.
The current stock price of Alcoa is $25, and the stock does not pay dividends. The instantaneous risk-free rate of return is 4%. The instantaneous standard deviation of Alcoco's stock is 30%. You want to purchase a put option on this stock with an exercise price of $30 and an expiration date 30 days from now. According to the Black-Scholes OPM, you should hold __________ shares of stock per 100 put options to hedge your risk.
Answer:
≈66 shares
Explanation:
Given data:
Current price ( S ) = $25
strike price ( K ) = $30
risk free rate ( r ) = 4% = 0.04
Standard deviation ( std ) = 30% = 0.3
In( s/k ) = In ( 25/30 ) = -0.1827
t = 30 / 365
To determine the number of shares of stock per 100 put options to hedge the risk we will apply the relation below
Number of shares to hedge risk = | N(d1) - 1 | * 100 ----- ( 1 )
where :
[tex]d1 = \frac{In(\frac{s}{k}) + ( r +\frac{std^2}{2})*t }{std\sqrt{2} }[/tex]
N(d1 ) = cumulative distribution function = 0.3394
back to equation 1 = 0.6606 * 100 = 66 shares
attached below is the remaining part of the solution
Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 9,800 direct labor-hours will be required in May. The variable overhead rate is $3.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $117,440 per month, which includes depreciation of $10,610. All other fixed manufacturing overhead costs represent current cash flows. The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answer:
Total overhead= $137,210
Explanation:
First, we need to deduct the depreciation expense from the fixed overhead. Depreciation is not a cash cost.
Fixed overhead= 117,440 - 10,610= $106,830
Now, the cash disbursement for total overhead:
Variable overhead= 3.1*9,800= 30,380
Fixed overhead= 106,830
Total overhead= $137,210
Match each of the following phrases with the term it describes.
a. Summarizes actual costs, standard costs, and the differences for units produced
b. Actual cost > standard cost at actual volumes
c. Actual cost < standard cost at actual volumes
d. Currently attainable standard
e. Theoretical standard
1. Favorable cost variance
2. Normal standard
3. Ideal standard
4. Budget performance report
5. Unfavorable cost variance
Answer:
a. Phrase: Summarizes actual costs, standard costs, and the differences for units produced
Terms it describes: Budget performance report
b. Phrase: Actual cost > standard cost at actual volumes
Terms it describes: Unfavorable cost variance
c. Phrase: Actual cost < standard cost at actual volumes
Terms it describes: Favorable cost variance
d. Phrase: Currently attainable standard
Terms it describes: Normal standard
e. Phrase: Theoretical standard
Terms it describes: Ideal standard
The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machine. Data concerning those products appear below: WX KD FS Selling price per unit $ 335.03 $ 228.31 $ 199.06 Variable cost per unit $ 259.56 $ 173.38 $ 159.91 Minutes on the constraint 6.00 4.30 4.00 Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource
Answer:
$9.79
Explanation:
The computation is shown below:
Particulars WX KD FS
Selling price per unit (i) $335.03 $228.31 $199.06
Less:
Variable cost per unit (ii) $259.56 $173.38 $159.91
Contribution margin per unit $75.47 $54.93 $39.15
Divided by
Minutes on the constraint (iv) 6 4.30 4
Contribution margin per minute $12.58 $12.77 $9.79
A firm has a steady growth rate of 5% per year in its dividend and this growth rate is expected to continue indefinitely. Last year's dividend was $1.20. If the investor requires a 9% return, what is the value of this stock
Answer:
the value of the stock is $31.50
Explanation:
The computation of the value of the stock is shown below
As we know that
The value of the stock is = Dividend × (1 + growth rate) ÷ (required rate of return - growth rate)
= $1.20 × (1 + 0.05) ÷ (9% - 5%)
= $31.50
hence, the value of the stock is $31.50
We simply applied the above formula
What type of negative business message does this statement convey?
We noted your comment about your problem with our hairstyling gel. Thanks for bringing it to our attention. Could you please message me your email or phone number?
A.
denying a request
B.
explaining a service fault
C.
rejecting a claim
D.
responding to a social media post
E.
apologizing for a mistake
Answer:
most likely D
Explanation:
if i knew completely i would not be on brainly but it is def not the clown above me
plus D seems the most plausible
You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 11.4 percent. Assume D has an expected return of 14.9 percent, F has an expected return of 10.8 percent, and the risk-free rate is 5.95 percent. If you invest $50,000 in Stock D, how much will you invest in Stock F? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:$20,000 will be invested in StocK F
Explanation:
The expected return of portfolio is calculated as
Portfolio Expected Return = (wD x rD) + (wF x rF) + (wR x rR) ............................
Where;
Portfolio expected return = 11.4%
wD = Weight of the amount invested in Stock D which is calculated as
Amount invested in Stock D / Total amount invested
= $50,000 / $100,000 = 0.50
rD = Expected Return from Stock D = 14.9%
wF = Weight of the amount invested in Stock F= ?
rF = Expected Return from StocK F = 10.8%
wR = Weight of the amount invested in risk free = one minus the weight of the other two assets= 1 - wD - wF = 1 - 0.50 - wF = 0.50 - wF
rR = Expected Return from Risk free = 5.95%
Putting all the values into the equation, we
that
0.114= (0.50 x 0.149) + (wF x 0.108) + ((0.50 - wF) x 0.0595
0.114= 0.0745 + (wF x 0.108) +0.02975 -0.0595wF
0.114- 0.0745 =wF 0.108 +0.02975 -0.0595wF
0.114- 0.0745--0.02975=wF 0.108-0.0595wF
0.00975=wF (0.108-0.0595)
0.00975=wF 0.0485
wF == 0.00975/0.0485
wF==0.2010 rounded to 0.20
Recall that wF = Amount invested in Stock F / Total amount invested
0.20= Amount invested in Stock F / $100,000
Amount invested in Stock F = 0.20x $100,000 = $20,000
Therefore, $20,000 will be invested in StocK F
The Lumber Division of Sheffield Corp. produces and sells lumber that can be sold to outside customers or within the company to the Construction Division. The following data have been gathered for the coming period: Lumber Division: Capacity 120000 board feet Price per board foot $4.50 Variable production cost per bd. ft. $1.25 Variable selling cost per bd. ft. $0.50 Construction Division: Board feet needed 30000 Outside price paid per bd. ft. $4.00 If the Lumber Division sells to the Construction Division, $0.35 per board foot can be saved in shipping costs. If current outside sales are 150000 board feet, what is the minimum transfer price that the Lumber Division could accept
Answer:
$1.4
Explanation:
Calculation to determine the minimum transfer price that the Lumber Division could accept
Using this formula
Minimum transfer price =Variable production cost per bd. ft.+(Variable selling cost per bd. ft. -per board foot saved in shipping costs)
Let plug in the formula
Minimum transfer price= $1.25 +($0.50-$0.35)
Minimum transfer price=$1.25+$0.15
Minimum transfer price=$1.4
Therefore the minimum transfer price that the Lumber Division could accept is $1.4
You are the sales forecaster for a computer store that has nine locations. The stores depend on your projections of future sales in order to make decisions on staffing, advertising, purchasing, and the like. All stores are similar in size and merchandise selection. However, sales vary by location due to geographic considerations, differing customer-bases, and random fluctuations. Sales for 2006 were as follows:
Store 2006 2008
One $12,000,000
Two 11,500,000
Three 11,000,000
Four 10,500,000
Five 10,000,000
Six 9,500,000
Seven 9,000,000
Eight 8,500,000
Nine 8,000,000
Your economic forecasting service has estimated that total sales between 2006 and 2008 should increase by 10% (equivalent to $99,000,000). Your task is to predict 2008 sales for each store. Since your manager believes strongly in the economic forecasting service, it is imperative that your total sales equal $99,000,00
Answer:
A Computer Store
Prediction of 2008 Sales
Store 2006 Predicted 2008 Sales
One $12,000,000 $13,200,000
Two 11,500,000 12,650,000
Three 11,000,000 12,100,000
Four 10,500,000 11,550,000
Five 10,000,000 11,000,000
Six 9,500,000 10,450,000
Seven 9,000,000 9,900,000
Eight 8,500,000 9,350,000
Nine 8,000,000 8,800,000
Total $90,000,000 $99,000,000
Explanation:
a) Data and Calculations:
Estimated increase in total sales between 2006 and 2008 = 10%
Total Sales in 2006 = $90,000,000
Total Sales in 2008 = $99,000,000 ($90,000,000 * 1.1)
Store 2006 Predicted 2008 Sales
One $12,000,000 $13,200,000 ($12,000,000 * 1.1)
Two 11,500,000 12,650,000 ($11,500,000 * 1.1)
Three 11,000,000 12,100,000 ($11,000,000 * 1.1)
Four 10,500,000 11,550,000 ($10,500,000 * 1.1)
Five 10,000,000 11,000,000 ($10,000,000 * 1.1)
Six 9,500,000 10,450,000 ($9,500,000 * 1.1)
Seven 9,000,000 9,900,000 ($9,000,000 * 1.1)
Eight 8,500,000 9,350,000 ($8,500,000 * 1.1)
Nine 8,000,000 8,800,000 ($8,000,000 * 1.1)
Total $90,000,000 $99,000,000 ($90,000,000 * 1.1)
Alexia is geographically large and represents a sizable market for a wide range of products. It has a potential for significant growth. It is considered as the regional economic driver. Based on this information, Alexia can be classified as a(n) _____. Group of answer choices contestable market big emerging market two-sided market captive market niche market
Answer:
Alexia is geographically large and represents a sizable market for a wide range of products. It has a potential for significant growth. It is considered as the regional economic driver. Based on this information, Alexia can be classified as a(n) big emerging market. Group of answer choices contestable market big emerging market two-sided market captive market niche market
On June 30, 2020, Sage Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Sage uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. Your answer is partially correct.
Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts,
(1) The issuance of the bonds on June 30, 2020.
(2) The payment of interest and the amortization of the premium on December 31, 2020.
(3) The payment of interest and the amortization of the premium on June 30, 2021.
(4) The payment of interest and the amortization of the premium on December 31, 2021.
Answer: See attachment
Explanation:
The journal entry to record the transactions has been attached.
1. The issuance of the bonds on June 30, 2020.
Debit Cash $3818140
Credit Premium on bonds payable $267140
Credit Bonds payable $3551000
(2) The payment of interest and the amortization of the premium on December 31, 2020.
Debit Interest expense $229088.4
Debit Premium on bonds payable $1726.6
Credit Cash $230815
(3) The payment of interest and the amortization of the premium on June 30, 2021.
Debit Interest expense $228984.8
Debit Premium on bonds payable $1830.2
Credit Cash $2380815
(4) The payment of interest and the amortization of the premium on December 31, 2021.
Debit Interest expense $228975
Debit Premium on bonds payable $1940
Credit Cash $230815