Answer:
-0.523 and inelastic
Explanation:
The computation of the price elasticity of demand using mid point formula is given below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 150 units - 200 units
= -50 units
And, average of quantity demanded would be
= (150 units + 200 units ) ÷ 2
= 175 units
Change in price would be
= P2 - P1
= 3,500 - 2,000
= 1,500
And, average of price would be
= (3,500 + 2,000) ÷ 2
= 2750
So, after solving this, the price is -0.523
Since the price elasticity of demand is less than 1 so it would be inelastic
How can leaders create a climate of trust and facilitate relationships among people in a work team? What can a leader do to show others he/she is trustworthy? What can a leader do to demonstrate he/she trusts others?
Explanation:
The creation of a positive relationship that conveys reliability in the workplace must be one of the main organizational values.
The creation of an organizational culture based on trust, should be based on policies and procedures that guarantee ethical and respectful behavior, where employees feel valued and protected, in an environment that has as principles the mutual respect and incentive to personal growth a professional.
The leader is a figure who should inspire trust in employees, for this it is necessary that the leader has personal relationship skills and clear, direct and objective communication. He must inspire employees by taking their own attitudes and behaviors as an example, always willing to help, listen, receive feedback, monitor work and institute programs and rewards that encourage employees to value the company and their work, increasing motivation and general reliability.
Education is a good investment for an individual if
a. the discount rate is above zero.
b. workers with higher levels of education tend to earn higher wages.
c. given the individual’s discount rate, the present value of the benefits of the investment are greater than or equal to the present value of the costs of the investment.
d. None of these answers is correct.
e. All of these answers are correct.
Answer:
The correct answer is the option E: All of these answers are correct.
Explanation:
On the one hand, the discount rate is the name given to the interest rate charged to the commercial banks and also to other financial institutions for the loans they take from the Federal Reserve Bank of The United States.
On the other hand, the education is always a good investment for the individuals in the cases where the workers with higher levels of education tend to earn higher wages and that obviously stimulates the action of study for one's future and also in the cases where the discount rate is favourable to the person and that will happen when is above zero or the number it releases shows that the present value of the benefits are equal or higher than the present value of the costs of the investment.
Suppose a 6-year swap with a notional principal of $10 million is being configured. What is the fixed rate of interest that will make the value of the swap equal to zero. (You should use the term structure of interest rates from Question 1.) Please submit your answer as a percentage rounded to two decimal places. So for example, if your answer is 4.567\%4.567% or equivalently 0.045670.04567, then you should submit an answer of 4.574.57. 1 point
Answer:
7.32
Explanation:
swap rate is fixed rate that swap receiver requires for the paying the uncertain rate. SWAP rate is fixed interest rate that is required by Swap receiver in exchange of floating rate of LIBOR. Swap rate can be calculated by multiple formula using the spreadsheet. The formula listed below is the simplest version;
r = {1-d (0, 4)} / {∑4 d(0, t)}
= 1-d (0, 4) /4 T=1 d(0,t) = 0.0732
= 7.32
On May 10, Paige Corporation issues 2,500 shares of $5 par value common stock for cash at $13 per share.
Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
May 10
Answer:
Please refer to the below for the journal entries.
Explanation:
Journal entry is as seen below;
Cash account Dr $32,500
Common stock Cr $12,500
Capital in excess of common stock Cr $20,000
(To record issuance of the stock)
Workings per above journal entries.
Cash
=2,500 shares × $13 per share
= $32,500
Common stock
= 2,500 shares × $5 per share
= $12,500
Paid in capital in excess of common stock
= 2,500 shares × $8 per share ($13 - $5)
= $20,000
Treasury bills are currently paying 4.7 percent and the inflation rate is 2.2 percent. a. What is the approximate real rate of interest? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the exact real rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
a.
2.5%
b.
2.45%
Explanation:
The approximate real rate of return can be derived from nominal rate of return formula given below:
nominal rate of return=real rate of return+inflation rate
real rate of return=nominal rate of return-inflation rate
real rate of return= 4.7%-2.2%=2.5%
The exact real rate of return can be derived from exact real rate of return formula given below
real rate of return=(1+nominal rate of return)/(1+inflation rate)-1
real rate of return=(1+4.7%)/(1+2.2%)-1
real rate of return=1.02446184 -1=2.45%
Structure Chain of Command Communication flow Span of Management Decision Making
Verical Functional Long Vertical Narrow Centralized
Divisional Long Vertical Narrow Centralized
Matrix Dual Vertical & Horizontal Narrow Decentralized
Team-based Short Horizontal Broad Decentralized
Virtual Network Short Horizontal Broad Decentralized
(Note: Starting from virtual network is organic, and from vertical functional mechanistic)
1) As an organization becomes more organic, its communication flow becomes ____________.
(A) Narrower (B) Broader (C) More verticle (D) More horizontal
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has __________ structure. Which of the following reasons explain this? Check all that apply.
(A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
(B) Narrow spans of management ensure that employees operate efficiently.
(C) Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
(D) Short chains of command ensure that the company will operate most effectively in a turbulent environment.
____________________________________________________________
Your great-great grandmother left you her recipe book. It contains amazing, delicious cake recipes, and you are certain you can make a fortune with them if you just set up your bakery right. You are considering three possible designs for your bakery:
Design 1: A factory in which assembly workers create low-cost, standardized cakes to be sold in grocery stores.
Design 2: A factory in which all cakes are created by machines; technology will enable you to shift from cake to cake as customer needs change.
Design 3: A personalized wedding cake business in which you will create custom delicacies for your clients.
1) According to Joan Woodward ____________ is a classified as a continuous process production company.
(A) Design 3 (B) Design 2 (C) Design 1
2) Fill in the three terms that are missing from this table.
Small Batch Mass Production Continuous Process
Technical Complexity of Production Technology Structural Characteristics: Low Medium High
Centralization Low ? Low
Top administrator ratio Low Medium High
Indirect/direct labor ratio 1/9 1/4 1/1
Supervisor span of control 23 48 15
Communication
Written (vertical) ? High Low
Verbal (horizontal) High Low High
Overall Structure Organic Mechanistic ?
3) According to the information in the table, which of the following conclusions is most likely to be true?
(A) A continuous process production design is likely to be effective if your bakery pursues a low-cost leadership strategy.
(B) A bakery using a mass production design will be able to operate with fewer employees than a bakery using a continuous process design.
(C) A small-batch production design will help your bakery to operate more efficiently.
(D) A mass production design is likely to be effective if your bakery is operating in a stable environment without a lot of competition
_______________________________________________________________________________
Modern-Shed has 12 to 14 knowledge workers who handle manufacturing and sales in its Seattle office. Outside of Seattle, Modern-Shed products are sold by dealers who also sell other types of compatible products. Modern-Shed also uses external companies to do fabrication, help organize trade shows, and perform marketing duties.
1) Modern-Shed has a __________ structure that allows it to:
(A) Maintain the flexibility it needs to meet customer demands
(B) Create maximally efficient organization through work specialization
(C) Coordinate work projects across functions and products
(D) Maintain high levels of control over the way its products are sold and fabricated
2) Under what conditions is the current organizational structure of Modern-Shed most likely to be effective? Check all that apply.
(A) When the economic environment is turbulent and uncertain
(B) When following a low-cost leadership strategy for the business
(C) In times of crisis, when everyone needs to follow a single leader
(D) When following a differentiation strategy for the business
Answer:
1) (C) More Vertical
2) (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale
(B) Narrow span of management ensure that employees operate efficiently.
1) (A) Design 3
2) Low, Mechanistic, 15
3) (A) A continuous process production design is likely to be effective if your bakery pursues a low-cost leadership strategy.
1) (A) Maintain flexibility it needs to meet customer demands
2) (B) When following low cost leadership strategy
Explanation:
centralized system is process in which owner holds all the commands of the business operation.
As an organization becomes more organic, its communication flow becomes broader.
Every day!" Dollar General will be more effective if it has narrow spans of management and short chains of command structure. Thus, option 1. (c) 2. [b and d], 3. (b), 4. Written (vertical) is low, 5. (a), 6. (a), 7. (b) is correct.
The horizontal and unrestricted flow of communication flow between levels and departments is improved under an organic organizational structure. Less dependence is placed on rigid vertical communication routes, and cooperation, teamwork, and information exchange are emphasized more widely within the firm.
Short management horizons guarantee effective operation of the workforce. This justification supports the cost leadership strategy of Dollar General. Narrow managerial horizons can contribute to good cost control and efficient operations.
Additional flexibility in employee decision-making is made possible through horizontal communication and broad managerial responsibilities. This justification conflicts with Dollar General's cost leadership approach. While employee decision-making flexibility can be advantageous, a cost leadership plan may not be primarily focused on it.
Therefore, option 1. (c) 2. [b and d], 3. (b), 4. Written (vertical) is low, 5. (a), 6. (a), 7. (b) is correct.
Learn more about on communication flow, here:
https://brainly.com/question/28505096
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Big Byte Inc. sold 15,000 computers to the government of India. Instead of receiving cash, the company received refined petroleum as payment. This is an example of
Answer:
This is an example of barter
Explanation:
Barter in trade, is a term used to describe a system of exchange where goods and services are exchanged for other goods or services directly. It is used most often in international trading, when there is a financial crisis, or when currency is unstable.
Barter is advantageous when money is in short supply, and when traders cannot afford to store a short supply of money, especially during hyperinflation.
However, there are some challenges with barter, which includes:
that both parties might not have what each other need in goods (double coincidence of wants), there is no common measure of value and indivisibility of certain goods when only half the worth is to be exchanged.
A company wants to restrict access to sensitive data. Only those who have a "need to know" will have access to this data. Strong access controls need to be implemented. Which of these examples, that don't include user identification, are used for 2-factor authentication? Check all that apply.
Answer:
Password and U2F token
Explanation:
The password and the U2F token do not include user identification but are applied or used for two factors authentication
Here password could be for social websites like login to social websites. When login it asks for authentication for higher security so that the hacking could be minimized
The U2F refers to the universal two-factor authentication. It can be used through the USB, NFC, Bluetooth device
A push strategy will be used by a company that wants to Multiple Choice emphasize personal selling. focus on mass media advertising. reach as many people as possible very quickly. require very little involvement of a sales force. rely heavily on online advertising.
Answer:
Emphasize personal selling
Explanation:
The push strategy emphasizes personal selling. It consists on bringing the product to the final customer, and making sure that most of the potential customers end up buying the product.
The push strategy is specially used by new companies, or by companies that sell goods that are complex. For this type of products (for example, some consumer electronics), emphasizinig personal selling by having the seller interact directly with the customer, in order to explain to the customer the product well, is very important.
For the years ending December 31, 2011 and 2012
2011 2012
Cash 800 300
Accounts receivable 3,700 3,000
Inventory 8,400 10,200
Current assets 12,900 13,500
Net fixed assets 34,500 42,600
Total assets 47,400 56,100
Notes payable 1,600
Accounts payable 1,000 800
Accruals 600 700
Current liabilities 1,600 3,100
Long-term debt 10,700 10,000
Common stock 6,000 8,000
Capital surplus 18,900 24,100
Retained earnings 10,200 10,900
Total liabilities and equity 47,400 56,100
In its 2011 income statement, Jefferson Inc. reported net income of $1,150 and depreciation expense of $290. On its 2012 income statement, the company reported net income of $2,080 and depreciation expense of $370. Based on this information (and given the company's balance sheets for 2011 and 2012 in the table above), compute Net Cash Flows from Operating Activities for Jefferson in 2012. Record your answer as a dollar rounded (if necessary) to the nearest whole dollar, but do not include a dollar sign or any commas in your answer. Also, if your answer is a negative value, place a hyphen (i.e., -) before your answer with no space between the - and the number. For example, record -$23,426.9234 as -23427.
Answer:
Jefferson Inc.
Cash flows from operating activities
Net income $2,080
Adjustments to reconcile net income to net cash
flow from the operating activities
Depreciation expenses $370
Decrease in accounts receivable $700
(3700-3000)
Increase in inventory -$1800
(8,400-10,200)
Decrease in account payable -$200
(800-1000)
Increase in accruals $100 -$830
(700-600)
Net cash flow from operating activities $1,250
North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be:
D= 77 +0.43Q
where Q refers to the sequential quarter number and Q=1 for winter of year 1. In addition, the multiplicative seasonal factors are as follows:
Quarter Factor (index)
winter .8
spring 1.1
summer 1.4
fall .7
Find the forecast of for the four quarters of year of 17.
Answer:
The demand forecast for the four quarters of the year of 17 is
Demand for winter of year 17 = 83.96 million kWh
Demand for spring of year 17 = 115.92 million kWh
Demand for summer of year 17 = 148.13 million kWh
Demand for fall of year 17 = 74.37 million kWh
Explanation:
The North Dakota Electric Company estimates its demand trend line by the following equation.
[tex]D = 77 + 0.43Q[/tex]
Where Q is the sequential quarter number.
The multiplicative seasonal factors are as follows:
winter = 0.8
spring = 1.1
summer = 1.4
fall = 0.7
We are asked to find the forecast for the four quarters of the year of 17.
Since the quarter numbers are sequential,
Q = 1 + 16×4
Q = 65 for winter of year 17
Q = 66 for spring of year 17
Q = 67 for summer of year 17
Q = 68 for fall of year 17
Demand Winter year 17:
[tex]D = 77 + 0.43(65) = 104.95 \times 0.8 = 83.96[/tex]
Demand Spring year 17:
[tex]D = 77 + 0.43(66) = 105.38 \times 1.1 = 115.92[/tex]
Demand Summer year 17:
[tex]D = 77 + 0.43(67) = 105.81 \times 1.4 = 148.13[/tex]
Demand Fall year 17:
[tex]D = 77 + 0.43(68) = 106.24 \times 0.7 = 74.37[/tex]
Therefore, the demand forecast for the four quarters of the year of 17 is
Demand for winter of year 17 = 83.96 million kWh
Demand for spring of year 17 = 115.92 million kWh
Demand for summer of year 17 = 148.13 million kWh
Demand for fall of year 17 = 74.37 million kWh
Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $3,000,000; and assembling, $1,500,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Regular using activity-based costing is Group of answer choices
Answer:
Total overhead= $1,290,000
Explanation:
Giving the following information:
Overhead:
Machining= $3,000,000
Assembling= $1,500,000.
Regular Supreme
Machine hours 10,000 30,000
Number of parts 90,000 160,000
First, we need to calculate the predetermined overhead rate per activity:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Machining= 3,000,000/ (10,000 + 30,000)= $75 per machine hour
Assembling= 1,500,000/(90,000 + 160,000)= $6 per part
Now, we can allocate overhead to Regular:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Machining= 75*10,000= $750,000
Assembling= 6*90,000= $540,000
Total overhead= $1,290,000
Canton Corp. manufactures two sizes of ceramic paperweights, regular and jumbo. The following information applies to their expectations for the planning period:________.
Cost Pool Overhead Costs Activity-cost driver
Materials handling $50,000 90,000 orders
Machine maintenance 300,000 15,000 maintenance hours
Setups $238,160 45,800 setups
Inspections $144,840 21,300 inspections
Total support costs $733,000
Production units:_______.
Regular 9.000,000 units
A. $5.20 per setup
B. $6.80 per setup
C. $4.26 per setup
D. $20.00 per setup
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Cost Pool Overhead Costs Activity-cost driver
Setups: $238,160 - 45,800 setups
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Setup= 238,160/45,800= $5.2 per setup
Henson Company applies overhead on the basis of 120% of direct labor cost. Job No.190 is charged with $60,000 of direct materials costs and $90,000 of manufacturing overhead. The total manufacturing costs for Job No.190 is
Answer:
$225,000
Explanation:
Henson company applies an overhead which is based on 120% of direct Labor cost
= 120/100
= 1.2
Job. No 190 is charged with direct cost materials of $60,000 and manufacturing overhead of $90,000
Therefore, the total manufacturing costs for job No. 190 can be calculated as follows
Manufacturing overhead/direct labour costs+direct cost of materials+manufacturing overhead
= $90,000/1.2+$60,0000+$90,000
= $75,000+$60,000+$90,000
= $225,000
Hence the total manufacturing costs for job No. 190 is $225,000
Sandpiper Inc. has a division that manufactures a component that sells for $ 160$160 and has a variable cost of $ 30$30. Another division of the company wants to purchase the component. Fixed cost per unit of the component is $ 20$20. What is the minimum transfer price if the division is operating at capacity?
Answer:
If the division is operating at full capacity and selling all the units that it produces, then it must treat the other division as a normal customer, so the selling price should be the same ($160 per unit). The company is currently making $110 in profits per unit sold (= $160 - $30 - $20 = $110).
If the division sold their products at a lower price, they would be losing money, and no division wants to lose money in order to benefit another division and make them earn higher profits.
If the division was operating below full capacity, then it could sell their products at a lower value.
uppose an industry consists of five equal-sized firms. Two of the firms plan to merge. The merger ______________ raise anti-trust concerns at the Justice Department given that the Herfindahl index before the merger was _____________ and the merger would cause the Herfindahl index to rise by __________. Group of answer choices
The available options are:
a. would; between 1,000 and 1,800; more than 100
•b. would; greater than 1,800; more than 100
•c. would not; less than 1,000; less than 300
•d. would not; between 1,000 and 1,800; less than 100
Answer:
•b. would; greater than 1,800; more than 100
1. Would
2. Greater than 1,800
3. More than 100
Explanation:
Given that, Herfindahl-Hirschman Index (HHI) is a term that describes the measure of market concentration and is often used to assess the market competitiveness, most specifically during the pre- and post Mergers and Acquisitions transactions.
Also, it should be noted that, as a general rule, mergers that increase the HHI by more than 200 points in highly concentrated markets raise antitrust concerns.
Thus, a 100% market share, equates to Herfindahl-Hirschman Index (HHI) 10,000. However, since all the five firms are of equal sizes of Market shares then, the HHI is calculated as:
= 100%/ 5 firms = 20% each
= 20² + 20² + 20² + 20² + 20²
= 400 + 400 + 400 + 400 + 400
= 2000 (this is greater than 1800)
Then, since it is two firms that are merging,
The HHI is calculated as:
= 20² + 20²
= 400 + 400
= 800 ( an increase of 400, which is more than 100)
Hence, suppose an industry consists of five equal-sized firms. Two of the firms plan to merge. The merger WOULD raise anti-trust concerns at the Justice Department given that the Herfindahl index before the merger was GREATER THAN 1800 and the merger would cause the Herfindahl index to rise by MORE THAN 100.
When a key part of performance management, the performance appraisal, is used to punish employees, _____.
Answer:
Performance management is ineffective.
Explanation:
Performance management is a very effective tool in the organization to measure and evaluate the performance of employees in carrying out their functions in the company. Through this management, the company seeks to assess whether the employee's performance is meeting the company's expectations or whether it is necessary to develop action plans to align the employee's performance with that expected.
Therefore, evaluating performance effectively does not correspond to punishing an employee for unwanted performance. An effective assessment consists of monitoring the activities and behavior of the employee, identifying the problems encountered and seeking a solution to the problems so that there is the development of the employees' skills and competences, encouraging them to improve making their work more developed, monitored and creating an environment conducive to the productivity necessary to achieve organizational objectives and goals.
Determining whether a firm's financial position is improving or deteriorating requires analyzing more than the ratios for a given year. Trend analysis is one method of examining changes in a firm's performance over time.
a. True
b. False
Answer:
The answer is true.
Explanation:
It is true. Trend analysis can be used to examine changes in a firm's performance over time.
Trend analysis is a method adopted in technical analysis which tends to predict the future stock price movements based on recently observed trend data. Trend analysis is based on past occurrences. And traders or investors used this past experience to predict the future price
Economists define normal goods as having a positive income elasticity. We can divide normal goods into two types: Those whose income elasticity is less than one and those whose income elasticity is greater than one. Think about products that would fall into each category. Can you come up with a name for each category
Answer:
income elasticity is less than one - water
income elasticity is greater than one - designer handbag
Explanation:
Normal goods are goods whose demand increases when income increases and falls when income falls.
When income elasticity is less than one it is known as inelastic demand and when income elasticity is greater than one, it is known as elastic demand,
necessity goods are examples of goods with inelastic demand. for example, water. one cant do without water as it is needed for survival. if income increases, there would be little or no change in quantity demanded
luxury goods typically have an elastic demand. as income increases, more of the good would be demanded. an example of a luxury good is a designer handbag
As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry in Ghana. They further require you to advise them on what products or services can target costing be applied.
Answer and Explanation:
Target costing is a form of management with a key emphasis on reducing prices to a set value. Upon targeting the admin front pick the desired value of trading and profit frontline, then decide the price to achieve this desired cost of trading and profit perimeter. It then handles all the activities needed to meet these planned costs.
The key aim following goal costing is the company competitor, the trading price is the market price always, and the price is reduced by the path out.
The Target costing of all groups can be enforced. And to the banking sector in Ghana overall, it can be applied. Target costing may be used in the banking division to maximum the expense of service delivery.
The maximum use of bank sources such as deposits, ATM's, money tellers, etc can be made here.
Fig Newton Industries is considering a project and has developed the following estimates: unit sales = 7,525, price per unit = $149, variable cost per unit = $91, fixed costs = $216,400. The depreciation is $94,700 a year and the tax rate is 43 percent. What effect would an increase of $1 in the selling price have on the operating cash flow
Answer:
Effect on income= 4,289.25 increase
Explanation:
Giving the following information:
Units sold= 7,525
Tax rate is 43 percent.
Increase in the selling price= $1
If all costs remain constant, we need to calculate the increase in contribution margin and the tax effect.
Effect on income:
Contribution marin= 7,525*1= 7,525
Tax= 7,525*0.43= (3,235.75)
Effect on income= 4,289.25 increase
Which of the following generate the type of externality described? Check all that apply. Your roommate, Kate, has bought a puppy that barks all day while you are trying to study economics. A leading software company has decided to increase its research budget for inventing new open-source technologies. Clancy has planted several trees in his backyard that increase the beauty of the neighborhood, especially during the autumn foliage season. The local airport has doubled the number of runways, causing additional noise pollution for the surrounding residents.
Answer:
A negative externality is a cost that a third party incurs from someone else's economic activity. When the third party experiences a beneficial effect, it is called a positive externality.
Requires the government to impose a tax.
EX:
Your roommate, Dmitri, has bought a bird that keeps you up at night with its chirping.
The local airport has doubled the number of runways, causing additional noise pollution for the surrounding residents.
Explanation:
In the multiple-step income statement, cost of merchandise sold is subtracted from a.selling expenses. b.sales. c.gross profit. d.operating expenses.
Answer:
b.sales
Explanation:
As we know that
Income statement refers to the statement in which the revenues and the expenses incurred should be recorded
While on the other hand the multiple-step income statement refer to the statement in which there are various level like gross profit, total operating expenses etc
Plus we also know that
Gross profit = Sales - cost of goods sold
Therefore the cost of merchandise should be deducted from sales so that we can find out the gross profit
Madrid Corporation has 33,000 shares of $50 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $68 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.
Answer and Explanation:
The Journal entry is shown below:-
On August 2
Stock dividend Dr, $67,320 ($33,000 × 3% × $68)
To Stock dividend distributable $49,500 ($33,000 × 3% × $50)
To Paid in capital in excess of par - common stock $17,820
(Being stock dividend is recorded)
On September 15
No Journal entry is required
On October 8
Stock dividend distributable Dr, $49,500
To Common stock $49,500
(Being stock dividend is recorded)
ABC Corporation sells two types of computer hard drives. The sales mix is 40% (Q-Drive) and 60% (Q-Drive Plus). Q-Drive has variable costs per unit of $83.31 and a selling price of $125.53. Q-Drive Plus has variable costs per unit of $160.34 and a selling price of $231.43. The weighted-average unit contribution margin for ABC is:
Answer:
$59.54 per unit.
Explanation:
We will need to first compute the contribution margin per unit for each drive.
Contribution margin per unit = Selling price per unit - Variable expenses per unit .
Therefore for Q-drive,
= $125.53 - $83.31
= $42.22
For Q-drive plus
= $231.43 - $160.34
= $71.09
Weighted average unit contribution margin ratio
= Weighted sales mix × Contribution margin + Weighted sales mix × Contribution margin
= 40% × $42.22 + 60% × $71.09
= $16.888 + $42.654
= $59.54 per unit
Blossom Company reports operating expenses of $100,000, excluding depreciation expense of $17,000 for 2022. During the year, prepaid expenses decreased $8,200 and accrued expenses payable increased $5,400.
Compute the cash payments for operating expenses in 2022.
The cash payments for operating expenses in 2022 $
Answer:
$86,400.00
Explanation:
The operating expenses recorded in the year was $100,000, out of the total expenses,$8,200 was due to a decrease in prepaid expenses(no cash paid) and $5,400 was as a result of an increase in accrued expenses payable(no cash was paid in that regard as well)
Cash payments for operating expenses=operating expenses-decrease in prepaid expenses-increase in accrued expenses payable
cash payments for operating expenses=$100,000-$8,200-$5,400=$86,400.00
The Supplies account had a balance at the beginning of year 3 of $8,000 (before the reversing entry). Payments for purchases of supplies during year 3 amounted to $50,000 and were recorded as expense. A physical count at the end of year 3 revealed supplies costing $14,500 were on hand. Reversing entries are used by this company. The required adjusting entry at the end of year 3 will include a debit to:
Answer:
The required adjusting entry at the end of year 3 will include a debit to:
Supplies Expenses Account of $43,500 ($8,000 + 50,000 - 14,500), and a credit to Supplies Account in the sum of $43,500.
Explanation:
Adjusting entries are made at the end of an accounting period to bring the accounts in line with the accrual concept, which requires that expenses and revenue should be recognized in the period they are incurred or earned.
This implies that transactions should not be based solely on when cash is received or payment made. Expenses incurred but not yet paid should be recognized in the accounts of the period. Revenue earned but not yet received in cash should be accounted for in the period when the revenue is earned. Expenses paid in advance should not be recognized in determining net income. Revenue collected but not yet earned should not be included in the period's accounts for determining net income. Finally, non-cash expenses (depreciation) should be recognized in the period they are incurred.
Given these observed times (in minutes) for four elements of a job, determine the observed time (OT) for each element. Note: the second element only occurs every other cycle.
Element Cycle 1 Cycle 2 Cycle 3 Cycle 4 Cycle 5 Cycle 6
1 4.1 4.0 4.6 4.1 4.1 4.1
2 - 1.5 - 2.4 - 1.4
3 3.2 3.2 3.8 3.2 3.3 3.3
4 2.7 3.0 2.7 2.8 2.8 2.8
Answer:
Element 1 = 4.17 Observed time
Element 2 = 1.77 Observed time
Element 3 = 3.33 Observed time
Element 4 = 2.8 Observed time
Explanation:
Calculation to determine the observed time (OT) for each element
Based on the information given we have 4 Element and 6 Cycle for Element 1,3 and 4 while Element 2 has 3 cycle
First step is sum up each element cycle i.e addition of cycle 1 to cycle 6
Element Cycle 1 Cycle 2 Cycle 3 Cycle 4 Cycle 5 Cycle 6
1. 4.1 +4.0 +4.6 + 4.1 +4.1 + 4.1 = 25
2. - 1.5 - 2.4 - 1.4 =(1.5+2.4+1.4)=5.3
3. 3.2 +3.2 +3.8 +3.2+ 3.3 +3.3= 20
4. 2.7 +3.0 +2.7 +2.8 +2.8+ 2.8 = 16.8
Now let find the Observed time by dividing the figure that was sum up for each of the element by the numbers of cycle that each element has.
OBSERVED TIME
Element Cycle 1 Cycle 2 Cycle 3 Cycle 4 Cycle 5 Cycle 6
1. 4.1 +4.0 +4.6 + 4.1 +4.1 + 4.1 = 25/6= 4.17 Observed time
2. - 1.5 - 2.4 - 1.4 =(1.5+2.4+1.4)=5.3/3=1.77 Observed time
3. 3.2 +3.2 +3.8 +3.2+ 3.3 +3.3= 20/6= 3.33 Observed time
4. 2.7 +3.0 +2.7 +2.8 +2.8+ 2.8 = 16.8/6=2.8 Observed time
The question is about the observed time cycles of 4 given elements.
OT of each cycles will be added together for each element. and divided by total number of cycles for each element.
1 4.1+4.0+4.6+4.1+4.1+4.1 = 25 / 6 = 4.17
2 -1.5 -2.4 -1.4 = 5.3 / 3 = 1.77
3 3.2+3.2+3.8+3.2+3.3+3.3 = 20 / 6 = 3.33
4 2.7+3.0+2.7+2.8+2.8+2.8 = 16.8 / 6 = 2.8
Each elements total cycle OT is added and then it is divided with each elements relevant number of cycles and this as a result provides the answer to the question
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6. A small-business consultant is investigating the performance of several companies. The fourth-quarter sales for last year (in thousands of dollars) for the selected companies were:
Answer:
Explanation:
Based on the selected companies it seems that their fourth-quarter sales for 2004 were
Hoden Building Products: 1,645.20
J & R Printing Inc : 4,757.0
Long Bay Concrete Constructions: 8,913
Mancell Electric and Plumbing: 627.1
Maxwell Heating and Air Conditioning: 24,612
Mizelle Roofing & Sheet Metals: 191.9
Meaning that based on this information, MHAC is far in front of the competition. Its sales in the fourth-quarter have exceeded the market and are more than twice that of its nearest competitor.
Answer: pick the bar graph that’s shows the data given . See attachment
Explanation:
Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the contribution margin per unit.
Answer:
Contribution margin per unit = $180
Explanation:
The contribution margin per unit is the amount that each unit contributes towards covering the fixed costs of the company after the variable cost of each unit has been covered. It is calculated by deducting the variable cost per unit from the selling price per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = 450 - 270
Contribution margin per unit = $180