Answer:
Under the activity-based costing system, the total cost of "unused capacity" related to the assembly activity for the most recent year is closest to:
$17,727.27.
Explanation:
a) Data and Calculations:
Activity cost pool Total cost Practical capacity ABC rates
of activity
Assembly $65,000 55,000 machine hours $1.182 /mh
Processing $76,000 2,500 orders $30.40 / order
Inspection $55,000 2,200 inspections $25.00 / inspection
Product X
Number of units made = 40
Machine hours required = 690
Processing orders = 40 orders
Inspection hours = 10 hours
Direct material cost per unit = $45
Direct labor cost per unit = 35
Most recent actual machine hours = 40,000 hours
Unused capacity = 15,000 (55,000 - 40,000)
Total cost of unused capacity = $17,730 (15,000 * $1.182) approx.
Management team of Wolverine Corp. is considering the purchase of a new piece of equipment. They believe that new equipment is more efficient and would result in cost savings. Management estimates that the cost savings from the new equipment would result in an annual increase in net income of $200,000. The new equipment will have an initial cost of $1,200,000 and have an 8 year life. The salvage value of the new equipment is estimated to be $200,000. The hurdle rate is 10%. Ignore income taxes.
a. What is the accounting rate of return?
b. What is the payback period?
c. What is the net present value?
d. What would the net present value be with a 15% hurdle rate?
Answer:
Wolverine Corp.
a. The accounting rate of return = 50%
b. The payback period = 6 years ($200,000 * 6)
c. The net present value = ($39,600)
d. The net present value at 15% = ($237,200)
Explanation:
a) Data and Calculations:
Initial investment cost in new equipment = $1,200,000
Annual incremental net income from cost savings = $200,000
Salvage value of the new equipment = $200,000
Estimated useful life of equipment = 8 years
Hurdle rate = 10%
a. Accounting rate of return = (($200,000 * 8 + $200,000) - $1,200,000)/$1,200,000
= ($1,800,000 - $1,200,00)/$1,200,000
= $600,000/$1,200,000 * 100 = 50%
NPV at 10% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 5.335 = $1,067,000
Salvage value = $200,000 * 0.467 93,400
Total benefits $1,160,400
NPV = ($39,600)
NPV at 15% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 4.487 = $897,400
Salvage value = $200,000 * 0.327 65,400
Total benefits $962,800
NPV = ($237,200)
Skip and Trace decide to start a business. They sign a partnership agreement providing that Skip will contribute $6,000 toward the necessary $10,000 in start-up capital and Trace will contribute $4,000. If the agreement is silent as to management and profits, Skip should receive:
Answer: 50% of the profit and share equal management.
Explanation:
Since the agreement is silent as to management and profits, Skip should receive 50% of the profit and share equal management.
It should be noted that when profit sharing and the management related isn't defined, profits and management will be divided equally among the partners. Therefore, in this case, profit will be shared equally.
has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company produced 4,770 units and paid workers $190,000 for a total of 8,940 direct labor hours. Compute the direct labor efficiency variance.
Answer:
$130 Favourable
Explanation:
Given the above information,
Standard hours = 2 × 4770 = 9,540
Actual hours = 8,940
Standard rate = $32.50
Then, Direct labor efficiency variance is computed as
= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour
= [(2 × 4,770) - 8,940] × $32.50
= [9,540 - 8,940] × $32.50
= 600 × $32.50
= $130 Favourable
Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. Pretax income ? 7 Gross profit Allocated costs (uncontrollable) $2,035 Labor expense 41,590 Sales 190,000 310 Research and development (uncontrollable) Depreciation expense 18,000 Net income/(loss) ? Cost of goods sold 119,700 Selling expense 1,260 Total expenses ? Marketing costs (uncontrollable) 790 Administrative expense 680 Income tax expense (21% of pretax income) ?
Other expenses 330
Prepare the income statement using the above information. Round your answers to the nearest dollar.
Answer:
Amount
Sales $190,000
Less: Cost of goods sold ($119,700)
Gross profit $70,300
Less: Expenses
Labor expenses ($41,590)
Depreciation Expense ($18,000)
Selling expense ($ 1,260)
Administrative expense ($680)
Other expense ($330)
Allocated costs (Uncontrollable) ($2,035)
Research and development (Uncontrollable) ($310)
Marketing Costs (Uncontrollable) ($790)
Total Expenses ($64,995)
Pretax Income $5,305
Less Income Tax Expense ($ 1,114)
Net Income $4,191
Income tax expense = 21% * 5,305
= $1,114
Roger must create a feasibility study to see how the money from the investor could be spent to best enhance the business's money-making potential. He knows there are several things that should go in the plan, but some are unnecessary. Which of the following does NOT belong in the feasibility study?
Answer: quality plan
Explanation:
A feasibility study is used to know if a project is feasible and therefore worth undertaking or not. It is an analysis that takes into consideration of all the factors that are relevant to the project into account. These factors include the technical, economic, legal, political factors etc in order to ascertain if the project will be successful.
The option that doesn't belong in the feasibility study is the quality plan. This isn't part of the feasibility study and therefore is the correct option. Other options belong in the feasibility study.
Quality plan: A feasibility study is used to know if a project is possible and therefore worth undertaking or not.
Who is Investor
It is an analysis that takes into consideration all the elements that are relevant to the project into account. These characteristics include the technical, economic, legal, political factors, etc. to ascertain if the assignment will be successful.
When The option that doesn't belong in the feasibility study is the quality plan. This isn't part of the feasibility study and therefore is the correct option. Other choices belong in the feasibility study.
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Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $42,000 and a remaining useful life of 4 years, at which time its salvage value will be zero. It has a current market value of $52,000. Variable manufacturing costs are $33,300 per year for this machine. Information on two alternative replacement machines follows:
Alternative A Alternative B
Cost $121,000 $113,000
Variable manufacturing costs per year $22,500 $10,200
Required:
1. Calculate the total change in net income if Alternative A is adopted. (Cash outflows should be indicated by a minus sign.)
ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income $0
2. Calculate the total change in net income if Alternative B is adopted. (Cash outflows should be indicated by a minus sign.)
ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income $0
3. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?
Chose below:
(a) Keep the manufacturing machine.
(b) Alternative A.
(c) Alternative B.
Answer: Check attachment
Explanation:
1. Calculate the total change in net income if Alternative A is adopted.
The answer is -$25800. Check attachment for further explanation.
2. Calculate the total change in net income if Alternative B is adopted.
The answer is $31400. Check attachment for further explanation.
3. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?
The machine should be replaced with alternative B has it generates a change in net income by $31400.
he following materials standards have been established for a particular product: Standard quantity per unit of output 5.0 meters Standard price $18.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8,500 meters Actual cost of materials purchased $170,000 Actual materials used in production 8,000 meters Actual output 1,570 units What is the materials price variance for the month
Answer:
the material price variance is $9,350 unfavorable
Explanation:
The computation of the material price variance is shown below
Materials Price Variance
= (Standard price - Actual price) ×Actual quantity
= ($18.90 - $170,000 ÷ 8,500) × 8,500
= ($18.90 - $20) × 8,500
= $9,350 Unfavorable
hence, the material price variance is $9,350 unfavorable
Quelle è il articolo che parla dalla ugualianza
Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncol- lectible accounts had a credit balance of $32,000 at the beginning of 2021 and $21,000 in receivables were writ- ten off during the year as uncollectible. Also, $1,200 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year.
Required:
1. Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
2. How would accounts receivable be shown in the 2016 year-end balance sheet?
Answer:
1. 1. Dr Allowance for uncollectible accounts $21,000
Cr Accounts receivable $21,000
2. Dr Accounts receivable $1800
Cr Allowance for uncollectible accounts $1800
3. Dr Cash $1,200
Cr Accounts receivable $1,200
4. Dr Bad debt expense $50,300
Cr Allowance for uncollectible accounts $50,300
2.Current Assets
Accounts receivable (net) $562,500
Explanation:
1. Preparation of journal entries to record the write-off of receivables
1. Dr Allowance for uncollectible accounts $21,000
Cr Accounts receivable $21,000
(To record written off of accounts receivable)
2. Dr Accounts receivable $1800
Cr Allowance for uncollectible accounts $1800
(To record reinstatement of account previously written off)
3. Dr Cash $1,200
Cr Accounts receivable $1,200
(To record collection of account previously written off)
4. Dr Bad debt expense $50,300
Cr Allowance for uncollectible accounts $50,300
(To record bad debt expense for the year)
Working:
Estimated bad debts expense= $625,000*10%= $62,500
Bad debt expense for the year= $32,000-21000+1200-62,500= $50,300
2. Calculation to determine How would accounts receivable be shown in the 2016 year-end balance sheet
Using this formula
Accounts receivable (net) = Beginning balance-Estimated bad debts expense
Let plug in the formula
Accounts receivable (net)= $625,000-($625,000*10%)
Accounts receivable (net)=$625,000 -$62,500
Accounts receivable (net)=$562,500
Therefore the accounts receivable be shown in the 2016 year-end balance sheet as:
BALANCE SHEET (PARTIAL)
Current Assets
Accounts receivable (net) $562,500
Determine Jennifer's qualified business income deduction if her CPA practice generates qualified business income of $273,800.
Answer: hello your question has some missing details
Jennifer is a CPA and a single taxpayer using the standard deduction. In 2020, her CPA practice generates qualified business income of $162,400 and she has no other income or losses. Jennifer's taxable income before the QBI deduction is $150,000 ($162,400 – $12,400 standard deduction). Jennifer employs an administrative assistant in her practice and pays him $75,000 in wages. The unadjusted basis of depreciable assets employed in the practice totals $30,000.
answer : $0
Explanation:
As per the Taxation rules ; Jennifer been a single taxpayer with a specified service exceeding $2,07,500 for year 2020, makes her ineligible to claim a qualified Business income deduction.
Jennifer's Qualified business income deduction = $0
What is Uber eat's vision
Answer:
UberEATS is on a mission to make eating well effortless for everyone, everywhere. Our service connects customers to Uber-speed delivery from restaurants in over 80 cities around the world. We give people more options when choosing how to eat. We help restaurants reach more customers and build their businesses.
Explanation:
Mark me as brainliest please
On January 1, 2018, the Chaucer’s Restaurant decides to invest in Lake Turner bonds. The bonds mature on December 31, 2023, and pay interest on June 30 and December 31 at 4% annually. The market rate of interest was 4% on January 1, 2018, so the $90,000 maturity value bonds sold for face value. Chaucer’s intends to hold the bonds until December 31, 2023.
Required:
a. Journalize the transactions related to Chaucer’s investment in Lake Turner bonds during 2018.
b. In what category would Chaucer’s report the investment on the December 31, 2018, balance sheet?
Answer:
a)
January 1, 2018
Dr Investment in bonds 90,000
Cr Cash 90,000
June 30, 2018
Dr Cash 1,800
Cr interest revenue 1,800
December 31, 2018
Dr Cash 1,800
Cr interest revenue 1,800
b) This investment must be reported under long term assets since they are classified as Held to Maturity.
PLEASE HELP!!
A wholesale company sold one of its trucks for $5,150. The truck cost $28,795 when it was
bought eight years ago.
a. What was the total depreciation on the truck for the eight-year period?
Answer:
the answer is 23,645. i hope this helps :)
Explanation:
Diego Company manufactures one product that is sold for $71 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations in which it produced 54,000 units and sold 49,000 units. Variable costs per unit: Manufacturing: Direct materials $ 22 Direct labor $ 12 Variable manufacturing overhead $ 3 Variable selling and administrative $ 5 Fixed costs per year: Fixed manufacturing overhead $ 864,000 Fixed selling and administrative expenses $ 586,000 The company sold 36,000 units in the East region and 13,000 units in the West region. It determined that $280,000 of its fixed selling and administrative expenses is traceable to the West region, $230,000 is traceable to the East region, and the remaining $76,000 is a common fixed cost. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product.
5. What is the company’s total gross margin under absorption costing?
6 What is the company’s break-even point in unit sales?
7. What would have been the company’s variable costing net operating income (loss) if it had produced and sold 49,000 units? What would have been the company’s absorption costing net operating income (loss) if it had produced and sold 49,000 units? Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.
Answer:
Diego Company
1. The company's total gross margin under absorption costing is:
= $802,000
2. The company's break-even point in unit sales is:
= 50,000 units
3. The company’s variable costing net operating income (loss) if it had produced and sold 49,000 units is:
= ($29,000).
4. The company's absorption costing net operating income (loss) if it had produced and sold 49,000 units is:
= ($29,000).
5. Contribution Format Segmented Income Statement
East West Total
Sales units 36,000 13,000 49,000
Sales revenue $2,556,000 $923,000 $3,479,000
Variable cost of goods sold:
Production costs 1,332,000 481,000 1,813,000 ($37 * 49,000)
Selling and admin. 180,000 65,000 245,000
Total variables $1,512,000 $546,000 $2,058,000
Contribution $1,044,000 $377,000 $1,421,000
Fixed costs:
Manufacturing 280,000 230,000 510,000
Common costs 76,000
Total fixed costs $280,000 $230,000 $586,000
Net income $764,000 $146,000 $835,000
Explanation:
a) Data and Calculations:
Selling price = $71 per unit
East West
Sales units 36,000 13,000
Production units = 54,000
Sales unit = 49,000
Variable costs per unit:
Manufacturing:
Direct materials $ 22
Direct labor $ 12
Variable manufacturing overhead $ 3
Total variable manufacturing costs = $37 per unit
Variable selling and administrative $ 5
Fixed costs per year:
Fixed manufacturing overhead $ 864,000
Fixed selling and administrative expenses $ 586,000 (West $280,000 East $230,000, and $76,000 common)
Total fixed costs = $1,450,000
Total gross margin under absorption costing:
Sales revenue $3,479,000 ($71 * 49,000)
Cost of production:
Variable costs $1,813,000
Fixed costs 864,000 2,677,000
Gross profit $802,000
Break-even point in unit sales:
Sales price = $71
Variable manufacturing cost per unit = $37
Variable selling cost per unit = $5
Total variable cost per unit = $42
Contribution margin per unit = $29
Break-even point in unit sales = FC/contribution margin
= $1,450,000/$29 = 50,000 units
Sales revenue $3,479,000 ($71 * 49,000)
Variable production costs 1,813,000 ($37 * 49,000)
Variable selling costs 245,000 ($5 * 49,000)
Total variable costs $2,058,000
Contribution margin $1,421,000
Fixed costs
Manufacturing 864,000
Selling and admin. 586,000 $1,450,000
Net operating income (loss) ($29,000)
Sales revenue $3,479,000 ($71 * 49,000)
Production costs:
Variable costs 1,813,000 ($37 * 49000)
Manufacturing 864,000
Total production costs 2,677,000
Cost of goods sold $2,677,000
Gross profit $802,000
Period costs:
Selling and administrative 831,000
Net operating income (loss) ($29,000)
Consider the following. Joe is deciding whether to go to college full time. If he does not attend college, he will continue to work at his current job. At which Joe earns $14,000 annually. He estimates that tuition and fees at the local public college will be about $10,000 per year and that he can graduate in four years if he does not work. He estimates he will earn about $600,000 more in his working lifetime with a college degree than without one.
Required:
a. What will be Joe’s opportunity cost of four years of college?
b. What will be his net benefits (benefits minus costs)?
c. Should he make the investment in education?
Answer:
a. What will be Joe’s opportunity cost of four years of college?
the opportunity cost of going to college is the money that he will lose by not being able to work = $14,000 x 4 = $56,000
b. What will be his net benefits (benefits minus costs)?
net benefits minus costs = $600,000 - $56,000 - $40,000 = $494,000
c. Should he make the investment in education?
Yes, he should. The net benefits of going to college are positive, meaning that going to college will increase Joe's wealth.
To improve your odds of winning, it is recommended that you play a blackjack b slot machines c roulette d powerball
Answer:
a blackjack
hope this helps
have a good day :)
Explanation:
The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with electronic trades handled by discount brokers. As part of the survey, members were asked to rate their satisfaction with the trade price and the speed of execution, as well as provide an overall satisfaction rating. Possible responses (scores) were no opinion (0), unsatisfied (1), somewhat satisfied (2), satisfied (3), and very satisfied (4). For each broker, summary scores were calculated by computing a weighted average of the scores provided by each respondent. A portion of the survey results follows (AAII website, February 7, 2012).
Satisfaction with Satisfaction with Overall Satisfaction
Brokerage Trade Price Speed of Execution with Electronic Trades
Scottrade, Inc. 3.4 3.4 3.5
Charles Schwab 3.2 3.3 3.4
Fidelity Brokerage 3.1 3.4 3.9
Services TD Ameritrade 2.9 3.6 3.7
E*Trade Financial 2.9 3.2 2.9
(Not listed) 2.5 3.2 2.7
Vanguard Brokerage 2.6 3.8 2.8
Services USAA Brokerage 2.4 3.8 3.6
Services Thinkorswim 2.6 2.6 2.6
Wells Fargo 2.3 2.7 2.3
Investments Interactive Brokers 3.7 4.0 4.0
Zecco.com 2.5 2.5 2.5
Firstrade Securities 3.0 3.0 4.0
Banc of America 4.0 1.0 2.0
Investment Services
a. Develop an estimated regression equation using trade price and speed of execution to predict overall satisfaction with the broker (to 4 decimals). Enter negative values as negative numbers, if required.
b. Finger Lakes Investments has developed a new electronic trading system and would like to predict overall customer satisfaction assuming they can provide satisfactory levels of service levels (3) for both trade price and speed of execution. Use the estimated regression equation developed in part (a) to predict overall satisfaction level for Finger Lakes Investments if they can achieve these performance levels (to 1 decimal).
c. Develop a 95% prediction interval of overall satisfaction for Finger Lakes Investments assuming they achieve service levels of 3 for both trade price and speed of execution (to 1 decimal).
d. Develop a 95% prediction interval of overall satisfaction for Finger Lakes Investments assuming they achieve service levels of 3 for both trade price and speed of execution.
Answer:
why you speaking nonsense?
ack purchased 200 shares of Apple stock earlier this month at the price of $210 per share. Apple stock is trading at $218 today and will pay a dividend of $2/share with tomorrow being the ex-date. Jack faces an ordinary income tax rate of 35% and a capital gain tax rate of 18.8%. How much unrealized capital gains will he have after the dividend payment
Answer:
The amount of unrealized capital gains he will have after the dividend payment is $1,200.
Explanation:
Apple stock price per share today = $218
Dividend per share = $2
Apple stock ex-date price per share = Apple stock price per share today - Dividend per share = $218 - $2 = $216
Unrealized capital gains = Number of Apple stock shares purchased * (Apple stock ex-date price per share - Price per share at which Apple stock shares were purchased) = 200 * ($216 - $210) = 200 * $6 = $1,200
Therefore, the amount of unrealized capital gains he will have after the dividend payment is $1,200.
A firm that uses a functional structure will typically have efficient top-down and bottom-up communication, but Group of answer choices dual reporting relationships typically blur lines of authority. the top management team may fail in their coordination and control efforts of functional-level employees. communication may be hampered among the horizontal, distinct organizational functions. career paths and professional development are limited.
Answer:
communication may be hampered among the horizontal, distinct organizational functions.
Explanation:
In the case when the firm want to use the functional structure that contains top-down, bottom -up communication but the communication might be hampered between the horizontal and different organizational functions as the functional areas would permit the top-down and bottom-up communication but not the horizontal and cross functional communication
Therefore the above shows the answer
A functional structure categorizes the department of the company based on the expertise area. It may hamper communication between administrative positions.
What is Functional structure?In a company, various teams and departments are established based on their roles and expertise. The functional organization establishes those departments to work as a functional unit.
This allows the increased efficiency, growth, and flexibility. The operational speed and clarity become high and productivity increases.
On the other hand, the functional structure of an organization can be disadvantageous as it can lead to segregation, territorial disputes, lack of coordination, misunderstanding, and hampered communication.
Therefore, option C. communication can be hampered by functional structure.
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What are good ways to find a buyer's agent?
Why wages differ
For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.
Scenario
Differences in Human Capital
Compensating Differential
Differences in Natural Ability
Labor Unions
An economics consulting firm hires Rina, a recent PhD graduate in economics, and pays her an annual wage of $76,000. It also hires Bob, a recent master's degree graduate in economics, and pays him an annual wage of $64,000.
Major league baseball pitchers earn more than minor league baseball pitchers.
Two automotive technicians have the same amount of schooling and work experience, but earn different wages. The first works the day shift for an auto manufacturer factory for an annual wage of $53,000 per year, and the second works the night shift for the same company for an annual wage of $64,000 per year.
Answer:
Scenario Differences In Human Capital Compensating Differential Differences In Natural Ability Labor Unions An Economics Consulting Firm Hires Rina, A Recent PhD Graduate In Economics, And Pays Her An ... For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.
Explanation:
Answer:
hehaba
Explanation:
A low supply of a product equals
O higher prices
O lower prices
o the same price
O none of the above
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Effect On...
Transaction U.S. Exports U.S. Imports U.S. Net Exports
A French historian spends a semester touring
museums and historic battlefields in the United States.
Your parents go on a trip to Japan in late March
for the Cherry Blossom season.
Your auntie purchases a Panasonic camera.
The student bookstore at Yale University sells
books published by Cambridge University Press.
A European family goes to Disney World in
Florida for vacation.
Answer:
export import net export
1. increases unchanged increases
2. unchanged increases decreases
3. unchanged increases decreases
4. unchanged increases decreases
5. increases unchanged increases
Explanation:
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Net export would increase when export occurs and decrease when import occurs
Net export = exports – imports
When the French historian visits the US museum and the European family visits Disney, they are enjoying US services, thus export increases and net export increases
The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export
a 12- year bond with a par value of 1,000 and interest rate of 12 percent interst (6percent semiannyally). The current maret price of the bond is $700. This bonds expected rate of return will be g
Answer:
18.34 %
Explanation:
Bond holders usually expect to receive a rate that is offered on the market for similar bonds. this rate is the same as the Bond Yield and can be determined using financial calculator as follows ;
PV = - $700
FV = 1,000
N = 12
PMT = 1,000 x 12 % = $120
P/YR = 1
I/YR = ??
Inputting the values in the financial calculator as set above gives a required rate (I/YR ) for similar bonds of 18.34 %
Which best describes the future growth potential of the Marketing, Sales, and Service career cluster?
Growth is expected to decline.
Growth is expected to grow less quickly than average.
Growth is expected to be about average.
Growth is expected to grow much more quickly than average.
Answer:
I believe your answer is D
Explanation:
Growth is expected to grow much more quickly than average is best describes the future growth potential of the Marketing, Sales, and Service career cluster. Hence, option D is correct.
What is growth potential marketing?The development of new product lines, the use of more effective marketing strategies, or other strategies that transform a company from a specialized market to a greater volume operation can all be used to determine an organization's potential for growth.
The pace of growth that an economy may sustain over the medium term without experiencing excessive inflation is known as potential growth. The advanced countries' potential growth has decreased in recent decades as a result of slower increases in the labor force, capital stock, and productivity.
From technical-based marketing to anticipation marketing, there will be a mental shift. This will allow marketers to foresee what consumers will want and then incorporate that information into automation processes. This fresh perspective will now only improve productivity.
Thus, option D is correct.
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statical results are
Answer:
A result of an experiment is said to have statistical significance, or be statistically significant, if it is likely not caused by chance for a given statistical significance level. Your statistical significance level reflects your risk tolerance and confidence level.
Explanation:
For 20Y2, Macklin Inc. reported a significant increase in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement:
Macklin Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $910,000 $700,000
Cost of goods sold 441,000 350,000
Gross profit $469,000 $350,000
Selling expenses $139,150 $115,000
Administrative expenses 99,450 85,000
Total operating expenses $238,600 $200,000
Income from operations $230,400 $150,000
Other income 65,000 50,000
Income before income tax $295,400 $200,000
Income tax expense 65,000 50,000
Net income $230,400 $150,000
Required:
Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year.
Answer: Check attachment
Explanation:
From the comparative income statement, we can see that the net income for 20Y2 is $230,400 while that of 20Y1 is $150,000.
We can deduce that the net Income has increased from 20Y1 to 20Y2. Also, the net sales have also increased. Kindly check the attachment for the comparative income statement prepared.
You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose, the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any
Date 3/01 3/02 3/03 3/04
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580
July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713
The profit / loss posted to your account at the close of 3/02 is ______
Answer:
What
Explanation:
Match the accounting terms with the corresponding definitions.
1. Specific identification
2. Materiality concept
3. Last-in, first-out (LIFO)
4. Conservatism
5. Consistency principle
6. Weighted-average
7. Disclosure principle
8. First-in, first-out (FIFO)
a. Treats the oldest inventory purchases as the first units sold.
b. Requires that a company report enough information for outsiders to make knowledgeable decisions.
c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
d. Calculates a weighted-average cost based on the cost of goods available for sale and the number of units available.
e. Principle whose foundation is to exercise caution in reporting financial statement items.
f. Treats the most recent/newest purchases as the first units sold.
g. Businesses should use the same accounting methods from period to period.
Answer and Explanation:
The matching is as followS;
1. Option c as it shows the exact item to be sold and generally used for higher inventory
2. Option h. Here the significant or useful information should be reported
3. Option f, Here the recent purchased would be sold first
4. Option e. It exercised the caution for reporting the items of the financial statements
5. Option g. Here the same method to be followed every year like for straight line depreciation method
6. Option d. Here the weighted average cost would be depend upon the cost of goods available
7. Option b. Here the company should report the sufficient information in order to make the sound decisions
8. Option a. Here the old inventory sold first
Ahsan Company makes 60,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $12.60 Direct labor 17.20 Variable manufacturing overhead 4.10 Fixed manufacturing overhead 15.00 Unit product cost $48.90 An outside supplier has offered to sell the company all of these parts it needs for $69.70 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $319,600 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $4.30 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. How much of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part? Multiple Choice $44.60 $17.20 $69.70
Answer:
Ahsan Company
Only $44.60 of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part.
Explanation:
a) Data and Calculations:
Annual units of parts produced = 60,000
Unit product costs:
Direct materials $12.60
Direct labor 17.20
Variable manufacturing overhead 4.10
Fixed manufacturing overhead 15.00
Unit product cost $48.90
Outside supplier's offer price per unit = $69.70
Relevant /avoidable costs:
Direct materials $12.60
Direct labor 17.20
Variable manufacturing overhead 4.10
Fixed manufacturing overhead 10.70
Unit product cost $44.60
Opportunity cost ($319,600/60,000) 5.33
Total avoidable/relevant costs/unit $49.93