All of the following are true about using a predetermined overhead rate to apply overhead except, Multiple Choice Estimates are used to calculate the rate. Using this rate provides managers with up-to-date estimates of the costs of their processes during the period. A single allocation basis may fail to provide useful allocations for all production departments. The rate is prepared at the beginning of the period. The rate is used to apply overhead at the end of the accounting period.

Answers

Answer 1

Answer:

The rate is used to apply overhead at the end of the accounting period.

Explanation:

The formula to compute the predetermined overhead rate is shown below:

= Estimated manufacturing overhead cost ÷ estimated activity

So for this the estimates should be used, the rate should be prepared after the starting. IF there is a single allocation basis so it would not suceed to allocate for all the production departments also this rate would helpful for the managers with respect to keep up to date estimates

Therefore the last option is correct


Related Questions

Pharoah Inc. loans money to John Kruk Corporation in the amount of $976,000. Pharoah accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Pharoah needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Pharoah will receive on the sale of the note

Answers

Answer: $‭900,635

Explanation:

Amount Pharaoh will receive is:

= Present value of the interest payments + Present value of the note

2 years have gone by which leaves 5 years.

Period = 5 * 2 = 10 semi annual periods

Periodic interest = 8% / 2 = 4%

Periodic discount = 10% / 2 = 5% per period

Interest payment = 976,000 * 4%

= $‭39,040‬

Amount to be received:

= (‭39,040‬ * Present value interest factor of annuity, 5%, 10 periods) + 976,000/(1 + 5%)¹⁰

= ‭(‭39,040‬ * 7.7217) + 599,179.34

= $‭900,635

The financial records of Sunland Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows.

1. The beginning merchandise inventory was $75,440 and decreased 20% during the current year.
2. Sales discounts amount to $18,700.
3. 17,108 shares of common stock were outstanding for the entire year.
4. Interest expense was $18,000.
5. The income tax rate is 30%.
6. Cost of goods sold amounts to $440,000.
7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales.
8. Four-fifths of the operating expenses relate to sales activities.

Required:
From the foregoing information prepare an income statement for the year 2020 in single-step form.

Answers

Answer:

Sunland Inc.

Income statement for the year 2020

Sales                                                                            $1,100,000

Less Sales Discounts                                                     ($18,700)

Net Sales                                                                     $1,081,300

Less Cost of goods sold                                             ($440,000)

Gross Profit                                                                   $641,300

Less Expenses

Administrative expenses ($440,000 x 20%)             ($88,000)

Interest expense                                                          ($18,000)

Net Profit before tax                                                   $535,300

Income tax expense ($535,300 x 30%)                   ($160,590)

Net Profit after tax                                                        $374,710

Explanation:

The Income Statement shows the Profit earned during the Reporting Period. Only Revenues or Incomes and Expenses are recorded in this Statement.

Using the amount of admin expenses to fin the Gross Sales we have :

Gross Sales = 100 / 8 x $88,000 = $1,100,000

Sweet Corporation purchased 360 shares of Sherman Inc. common stock for $11,900 (Sweet does not have significant influence). During the year, Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman stock was selling for $37.50 per share. Prepare Sweet's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.)

Answers

Answer:

(a) Debit Equity Investments for $11,900; and Credit Cash for $11,900.

(b) Debit Cash for $1,170; and Credit Dividend Revenue for $1,170.

(c) Debit Fair Value Adjustment for $1,600; and Unrealized Holding Gain or Loss - Income for $1,600.

Explanation:

(a) Journal entries to record the purchase of the investment

The journal entries will look as follows:

Accounts Title and Description               Debit ($)       Credit ($)    

Equity Investments                                   11,900

   Cash                                                                              11,900

(To record the purchase of the investment.)                                        

(b) Journal entries to record the dividends received

The journal entries will look as follows:

Accounts Title and Description               Debit ($)        Credit ($)    

Cash (w.1)                                                      1,170

Dividend Revenue                                                                1,170

(To record the dividends received.)                                                      

(c) Journal entries to record the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.

The journal entries will look as follows:

Accounts Title and Description                   Debit ($)        Credit ($)    

Fair Value Adjustment (w.2)                            1,600

Unrealized Holding Gain or Loss - Income                          1,600

(To record the fair value adjustment.)                                                      

Workings:

w.1: Cash = Dividend received = Number of shares * Cash dividend per share = 360 * $3.25 = $1,170

w.2: Fair Value Adjustment = Fair value - Common stock purchase cost = (Number of shares * Selling price per share) - Common stock purchase cost = (360 * $37.50) - $11,900 = $1,600

You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of $44,500. Four highly similar and competitive apartment properties within two blocks of the subject property have sold in the past three months. All four offer essentially the same amenities and services as the subject. All were open-market transactions with similar terms of sale. All were financed with 30-year fixed-rate mortgages using 70 percent debt and 30 percent equity. The sale prices and estimated first year net operating incomes were as follows:

Comparable 1: Sales price $500,000; NOI $55,000
Comparable 2: Sales price $420,000; NO/ $50,400
Comparable 3: Sales price $475,000; NO/ $53,400
Comparable 4: Sales price $600,000; NOI $69,000

Required:
What is the indicated value of the subject property using direct capitalization?

Answers

bahahaha the one who sended link his hack

Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014.

Cash $50,000
Administrative expenses $100,000
Selling expenses $80,000
Net sales $540,000
Cost of goods sold $210,000
Cash dividends declared (2014) $20,000
Cash dividends paid (2014) $15,000
Discontinued operations (loss before income taxes) $40,000
Depreciation expense, not recorded in 2013 $30,000
Retained earnings, December 31, 2013 $90,000
Effective tax rate 30%
Required:
a. Compute net income for 2014.
b. Prepare a partial income statement beginning with income from continuing operations before income tax and including appropriate earnings per share

Answers

Answer:

Income from continuing operations:

= Net sales - COGS - Selling expense - Admin expenses

= 540,000 - 210,000 - 80,000 - 100,000

= $150,000

Discontinued operations net of tax:

= 40,000 * ( 1 - 30%)

= $28,000

                         Net income and Partial income statement

Income from continuing operations before tax                   $150,000

Income tax expense (150,000 * 30%)                                   ($45,000)

Income from continuing operations                                      $105,000

Discontinued operations net of taxes loss                           ($28,000)

Net income                                                                             $77,000

Earnings per share  

Income from continuing operations(105,000/10,000)        $10.50

Discontinued operations(28,000 / 10,000)                         $2.80

Net income (77,000 / 10,000)                                               $7.70

Earnings per share calculated assuming 10,000 shares.

As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 18 million shares for $66 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $28 million and distributed cash dividends of $2.00 per share. At the end of the year, the fair value of the shares is $62 million. Required: Prepare the appropriate journal entries from the purchase through the end of the year.

Answers

Answer:

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

Dr Investment in Nursery supplies $7 million

Cr Investment Revenue $7 million

Dr Cash $9 million

Cr Investment in Nursery supplies $9 million

No Entry

Explanation:

Preparation of the appropriate journal entries from the purchase through the end of the year.

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

(To record purchase of 25% shares for $66 million)

Dr Investment in Nursery supplies ($28 million x 25%) $7 million

Cr Investment Revenue $7 million

(To record investor share of investee's net income)

Dr Cash (18 million shares x 25% share x $2 per share) $9 million

Cr Investment in Nursery supplies $9 million

(To record receipt of dividend)

No Entry

NuEditions Book Company uses a final average salary formula to calculate an employee’s pension benefits. The amount used in the calculations is the salary average of the final 3 years of employment. The retiree will receive an annual benefit that is equivalent to 1.75% of the final average for each year of employment. Mike and Rob are both retiring at the end of this year. Calculate their annual retirement pension given the following information:

Mike: Years of employment: 25;

Final three annual salaries: $84,780, $84,900, $85,000

Kristy: Years of employment: 27;

Final three annual salaries: $71,600, $73,400, $78,000

Answers

Answer:

Mike : $37140.83

Kristy : $35,122.50

Explanation:

Given the data:

Mike:

Years of employment: 25;

Final three annual salaries: $84,780, $84,900, $85,000

Average :

$(84,780 + 84,900 + 85,000) /3

$254680 ÷ 3

= $84893.333

1.75% of average

0.0175 * $84893.333

= $1485.6333

$1485.6333 * number of years

$1485.6333 * 25

= $37140.833

Kristy:

Years of employment: 27;

Final three annual salaries: $71,600, $73,400, $78,000

Average = $(71,600 + 73,400 + 78,000) / 3

Average = $223,000 / 3

= $74,333.333

1.75% * $74333.333

= $1300.8333

$1300.8333 * 27

= $35,122.5

Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):

Sales revenue $25,000 Cost of goods sold $14,000
Interest revenue 240 Selling and administrative expense 3,200
Interest expense 440 Restructuring costs 1,500

In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.2 million and a gain on disposal of the component’s assets of $5.2 million. 600,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss).

Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures.

Answers

Answer:

Net income = $4,860,000  

Earning Per Share

Income From Continuing Operations ($3660/600)          6.10

Income From Discontinued Operations )$1,200/600)      2.0  

Net Income                                                                          8.10  

Explanation:

The multiple-step income statement can be described as an income statement that differentiate a company's operating revenues and operating expenses from its nonoperating revenues, nonoperating expenses, gains, and losses. It also shows gross profit separately as net sales revenue minus the cost of goods sold.

The required multiple-step income statement can be prepared as follows:

Rembrandt Paint Company

Income Statement

For the Year Ended December 31, 2021

Particulars                                               $'000                $'000      

Sales revenue                                                                 25,000

Cost of goods sold                                                          14,000  

Gross profit                                                                       11,000

Operating expenses

Selling and administrative expense     (3,200)  

Restructuring costs                                (1,500)  

Total operating expenses                                              (4,700)  

Operating income                                                            6,300

Other income (expense)

Interest revenue                                      240

Interest expense                                     (440)

Net interest revenue (expense)                                       (200)  

Income from continuing op. b4 tax                                  6,100

Taxes (40% * $6,100)                                                      (2,440)  

Income From Continuing Operations                              3,660

Discontinued operation

Loss from op. (3,200 * (1-Tax rate))       (1,920)

Gain on disposal (5,200 * (1-Tax rate))  3,120

Income from discontinued op.                                         1,200  

Net income                                                                        4,860  

Number of common shares outstanding                           600

Earning Per Share

Income From Continuing Operations ($3660/600)         6.10

Income From Discontinued Operations )$1,200/600    2.00  

Net Income                                                                        8.10  

Under absorption costing, a company had the following unit costs when 8,000 units were produced. Compute the total production cost per unit under variable costing if 20,000 units had been produced. Direct labor $8.50 per unit Direct material $9.00 per unit Variable overhead $6.75 per unit Fixed overhead ($60,000/8,000 units) $7.50 per unitCompute the total production cost per unit under variable costing if 20,000 units had been produced. a. $26.25 b. $27.25 c. $24.25 d. $31.75 e. $17.50

Answers

Answer:

d. $31.75

Explanation:

Computation for the total production cost per unit

Direct labor $8.50 per unit

Direct material $9.00 per unit

Variable overhead $6.75 per unit

Fixed overhead ($60,000/8,000 units) $7.50 per unit

Total production cost per unit $31.75

($8.50 + $6.75 + $9.00 + $7.50)

Therefore the total production cost per unit under variable costing if 20,000 units had been produced will be $31.75

2. On January 1, 2017, Gaskin Cabinetry Company purchases $300,000 of equipment by paying $50,000 in cash and
signing a 10-year mortgage note at 13% for the balance. Gaskin will make yearly payments of $46,072. The
amortization schedule for the first five payments is provided.
01/01/2017
01/01/2018
01/01/2019
01/01/2020
01/01/2021
01/01/2022
Beginning Principal Interest Total Ending
Balance Payment Expense Payment Balance
$250,000
$250,000 $13,572 $32,500 $46,072 236,428
236,428 15,336 30,736 46,072 221,092
221,092 17,330 28,742 46,072 203,762
203,762 19,583 26,489
46,072 184,179
184,179 22,129 23,943 46,072 162,050
Prepare the journal entry for the purchase of the equipment and for the January 1, 2018 mortgage payment.
Answer.

Answers

Answer:

(a) Debit Equipment for $300,000; Credit Cash for $50,000; and Credit Mortgage Note for $250,000

(b) Debit Mortgage Note for $13,572; Deebit Interest expense - Mortgage for $32,500; Credit Cash for $46,072.

Explanation:

(a) Prepare the journal entry for the purchase of the equipment.

The journal entries will look as follows:

Date              Accounts Name and Explanation     Debit ($)      Credit ($)  

1 Jan 2017     Equipment                                           300,000

                       Cash                                                                         50,000

                       Mortgage Note                                                      250,000

                     (To record purchase of the equipment.)                                  

(b) Prepare the journal entry for the January 1, 2018 mortgage payment.

The journal entries will look as follows:

Date                Accounts Name and Explanation       Debit ($)     Credit ($)

1 Jan 2018       Mortgage Note                                      13,572

                         Interest expense - Mortgage              32,500

                         Cash                                                                           46,072

                       (To record mortgage and interest payments.)                          

what is a savings and loans bank? advantages and disadvantages.​

Answers

Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.

Match each of the following phrases with the term that it most closely describes it. Each term will be used only once.

a. Prepared when materials that have been ordered are received and inspected
b. Serve as the basis for recording direct labor on a job cost sheet
c. These make up the work in process subsidiary ledger
d. The process by which factory overhead is assigned to a cost object
e. Serve as the basis for recording materials used

1. Cost allocation
2. Job Cost sheet
3. Receiving Sheet
4. Time tickets
5. Materials requisitions

Answers

Answer:

a. Receiving Sheet.

b. Time tickets.

c. Job Cost sheet.

d. Cost allocation.

e. Material requisitions.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

Basically, the financial statements are the formally written records of the business and financial activities of a business entity or organization which includes;

a. Receiving Sheet: prepared when materials that have been ordered are received and inspected.

b. Time tickets: serve as the basis for recording direct labor on a job cost sheet.

c. Job Cost sheet: these make up the work in process subsidiary ledger.

d. Cost allocation: the process by which factory overhead is assigned to a cost object.

e. Material requisitions: serve as the basis for recording materials used.

Testbank Multiple Choice Question 100 Bramble Corp. purchased machinery on January 2, 2015, for $880000. The straight-line method is used and useful life is estimated to be 10 years, with a $86000 salvage value. At the beginning of 2021 Bramble spent $188000 to overhaul the machinery. After the overhaul, Bramble estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be $42000. The depreciation expense for 2021 should be

Answers

Answer:

33,585.71

Explanation:

You are the Accounting Director for SpaceX based in New York. Your department is implementing new accounting software (called First Launch) that will affect all 300 locations across the United States. The purpose of the changeover is to improve efficiency, increase security, and provide more transparency. Each accountant will need to install the software within 48 hours of receiving the new product. Failure to do so will result in the product password expiring and require resending of the product. Once installed, accountants will have to restart all computers on the premises. Technical issues may arise during the two-day software rollout starting at 9:00 a.m. on March 1, 2021.

Required:
Write one email addressing all 300 location accountants to inform them of the changeover (you decide the order of information)

Answers

Answer:

The change will impact all 300 locations. The letter should be written to entire staff of the SpaceX.

Explanation:

To: All Staff SpaceX Team

Subject: Change over details (First Launch)

As you all are already aware about the implementation of new software named First Launch . The software installation run will start from March 1, 2021 at 9:00 a.m. Every accountant receiving the new product will require to install the software within 48 hours. Failure to do will result in expiry of the password which will require resending the software. After installation all accountants must restart the computer.

This change will affect all 300 locations across the United States. The changeover will result in improved efficiency, increase in security and there will be more transparency.

If there is any concern or query regarding this change feel free to write the team implementing the change.

Regards,

Director Accounts.

Marlin Corporation reported pretax book income of $1,005,000. During the current year, the net reserve for warranties increased by $26,000. In addition, book depreciation exceeded tax depreciation by $100,500. Finally, Marlin subtracted a dividends received deduction of $15,500 in computing its current year taxable income. Marlin's current income tax expense or benefit would be:

Answers

Answer: $234360

Explanation:

Marlin's current income tax expense or benefit would be calculated thus:

Pre-tax book income = $1,005,000

Add: net reserve for warranties = $26,000

Add: Increase in Book depreciation over tax depreciation = $100,500.

Less: Dividend deduction = ($15500)

Taxable income = $1,116,000

Since tax rate = 21%, then the income expense will be:

= 21% × $1,116,000

= 0.21 × $1,116,000

= $234360

Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each on account, (2) returned 10 units for credit, and (3) sold 206 units at $83 each on account. Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

Item 1

Debit : Merchandise $13,888

Credit : Accounts Payable $13,888

Item 2

Debit : Merchandise $560

Credit : Accounts Payable $560

Item 3

Debit : Accounts Receivable  $17,098

Debit : Cost of Sales  $11,536

Credit : Sales Revenue $17,098

Credit : Merchandise $11,536

Explanation:

See the journal entries prepared above.

The Fantastic Ice Cream Shoppe sold 8,800 servings of ice cream during June for Dollar 5 per serving. The shop purchases the ice cream in large tubs from the Deluxe Ice Cream Company. Each tub costs the shop $14 and has enough ice cream to fill 28 ice cream cones. The shop purchases the ice cream cones for $0.15 each from a local warehouse club. The Fantastic Ice Cream Shoppe is located in a strip mall, and rent for space is $2,050 per month. The shop expenses $220 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,800 of other operating expenses (75% of these were fixed costs).

Required:
a. Prepare the Fantastic Ice Cream Shoppe's June income statement using a traditional format.
b. Prepare the Fantastic Ice Cream Shoppe's June income statement using a contribution margin format

Answers

Answer:

The Fantastic Ice Cream Shoppe

a) Fantastic Ice Cream Shoppe

June Income Statement, using traditional format

Sales Revenue         $44,000

Cost of goods sold       5,720

Gross profit              $38,280

Expenses:

Rent expense             2,050

Depreciation exp.          220

Other operating exp. 2,800

Total expenses        $5,070

Net Income             $33,210

b) Fantastic Ice Cream Shoppe

June Income Statement, using contribution margin format

Sales Revenue                   $44,000

Direct materials      5,720

Operating expense  700

Total variable expense         6,420

Contribution margin         $37,580

Fixed expenses:

Rent expense             2,050

Depreciation exp.          220

Other operating exp.  2,100

Total expenses                  $4,370

Net income                      $33,210

Explanation:

a) Data and Calculations:

Sales of ice cream during June = 8,800 servings

Price per serving = $5

Sales revenue = $44,000 ($5 * 8,800)

Purchase cost of ice cream in large tubs = $14 * 8,800/28 = $4,400

Purchase cost of ice cream cones = $0.15 * 8,800 = $1,320

Total cost of direct materials = $5,720

Fixed costs:

Rent = $2,050 per month

Depreciation = $220

Other operating expenses:

Fixed operating expense = $2,100 ($2,800 * 75%)

Variable operating expense = $700 ($2,800 * 25%)

In perfect competition, an individual firm Question 4 options: can not affect its price nor determine the quantity it sells in the marketplace. sets the price and determines the quantity it sells in the marketplace. sets the price but does not determine the quantity it sells in the marketplace. determines the quantity it sells in the marketplace but has no influence over its price.

Answers

Answer:

sets the price and determines the quantity it sells in the marketplace.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

In perfect competition, an individual firm sets the price and determines the quantity it sells in the marketplace.

Which of the following methods would be most appropriate for attracting
attention to an endcap display?
O A. Creating a realistic scene to tell a story
B. Grouping together items of the same color
O C. Using awnings to brighten the display's appearance
D. Setting up a small stand-alone structure

Answers

Answer:

B. Grouping together items of the same color

Explanation:

Grouping together items of the same color. of the following methods would be most appropriate for attracting attention to an endcap display.

What is attention?

The behavioral and cognitive process of selectively focusing on a specific piece of information—whether it be regarded as subjective or objective—while disregarding other information that can be perceived. The action of paying attention helps to focus all of the senses, including sight, hearing, and smell. It might concentrate on pertinent data on the radio network,

With grouping, you may move, rotate, flip, and resize all shapes and objects simultaneously as if they were a single shape or object. Additionally, you can modify all of the features of a set of forms at once, such as adding an image effect or shape fill.

It is called categorization to group things based on shared characteristics. The study of classification is known as taxonomy. Scientists classify creatures into groups using a variety of forms of data. Levels are used to arrange the groups.

Therefore, Thus, option (B) is correct.

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Anna owns the Sweet Alps Chocolate store. She charges $10 per pound for her hand made chocolate. You, the economist, have calculated the elasticity of demand for chocolate in her town to be 2.5. If she wants to increase her total revenue, what advice will you give her and why? Use diagrams and economic terms to explain your answer.

Answers

Answer: Decrease her prices.

Explanation:

The elasticity of demand shows the change in quantity demanded as a result of a change in price.

In this case, if price decreases by 1%, quantity demanded for chocolate would increase by 2.5%.

If she wants to increase her revenue therefore, she should decrease the price.

For example:

If the demand was 10 chocolate bars a day, she would earn:

= 10 * 10

= $100 a day

If she decreased the price by 10%, price would be:

= 10 * ( 1 -10%)

= $9.00

Quantity demanded would be:

= 10 * (1 + 25%)

= 12.5 bars

Revenue would become:

= 12.5 * 9

= $112.50 which is more than the previous $100 she was making.

A marketer of automobiles wants to introduce a new model using a message
that combines visuals, music, words, and action. Which category of
advertising media will best meet this marketer's goals?
A. Magazines
B. Television
C. Radio
D. Outdoor

Answers

Answer: Television!

Explanation:

Radio, Magazine, and Outdoor don't all have the combined visuals, music, words, and action that television has.

Television as the advertising media will best meet the automobile marketer's goals. Thus, the correct answer is option B.

What is advertising media?

The term "advertising media" describes a range of mainstream or alternative media platforms via which companies can market their goods, services, or brand. Knowing which advertising media channels are advantageous for your business can be vital in staying ahead of the competition because it is hard for every customer to be aware of every brand's offerings. Marketers can interact with various audiences in unique ways by utilizing the correct kind of advertising media.

Audio and visual are combined in television. This produces a multi-sensory advertising experience that demonstrates to consumers the worth of your goods. The touchpoint occurs in the viewer's house when an advertisement is shown on television. It becomes a more intimate medium as a result. A excellent technique to build a personal relationship with a viewer is through television.

Therefore, Radio, Magazine, and Outdoor as the media for advertising don't have the combined visuals, music, words, and action that television has.

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Which statement describes why the people in a nation with a command
economy might resist a shift to a free market economy?
A. People who hold political power are threatened by fundamental changes.
B. Workers are reluctant to give up their participation in a classless society.
C. Workers are reluctant to accept complete government control of their economy.
D. Factory and business owners are reluctant to place their capital under worker
authority Xd

Answers

Answer:

People who hold political power are threatened by fundamental changes.

Explanation:

People who hold political power are threatened by fundamental changes  is the statement describes why the people in a nation with a command economy might resist a shift to a free market economy. Thus, option (a) is correct.

What is economy?

The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector. The family (consumption) and company (product sales) are both parts of the economy.

According to the population is the important part of the economy. The individual citizen in the nation is a command economy might resist a shift to a free market economy. A people are the special rights to hold political power are imperiled by fundamental changes.

As a result, the significance of the economy are the aforementioned. Therefore, option (a) is correct.

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Practice Drawing Timelines!
Purpose: This section describes how to draw a timeline and visualizing the problem being presented. It is important because a time problem that is set up incorrectly will lead to incorrect answers. For each of the descriptions below, draw the timeline on your own.
Inserted a picture of your timeline (the picture can be a jpeg or pasted in a word document).
Criteria: Full points will be based three separate timelines attached as a picture. Your work should be original and not copied, borrowed, or obtained from another student (this would be cheating as defined by Texas Tech University and stated in the syllabus).
Consider an asset that generates $3,000 in 5 years and $5,000 in 1 year; discount rate - 6% (These are uneven cash flows- there is no pattern).
2. Consider an asset that pays $500 per year for 8 years (This is an annuity- it is the same cash flow, evenly spaced, for a finite time (it has an end)).
3. Consider an asset that pays $50 per year starting at the end of year 3 (This is a delayed perpetuity- it is the same cash flow evenly spaced forever, but does not begin until a future date).

Answers

Answer:

1. Since the last cash flow occurs at year 5, the timeline ends at 5th year.

2. Since the same cash flow for a finite time of 8 years, the timeline ends at 8th year.

3. The 3 dots at the end of the timeline indicates a perpetuity.

Explanation:

A timeline refers to a line that shows the timing and amount of cash flows. Therefore, we have:

1. Consider an asset that generates $3,000 in 5 years and $5,000 in 1 year; discount rate - 6% (These are uneven cash flows- there is no pattern).

Note: See number 1 in the attached photo for the timeline.

The fact that the last cash flow occurs at year 5 makes the timeline to end at 5th year.

It can also be seen in the timeline that the 6% discount rate is shown in between the previous period and the next.

2. Consider an asset that pays $500 per year for 8 years (This is an annuity- it is the same cash flow, evenly spaced, for a finite time (it has an end)).

Note: See number 2 in the attached photo for the timeline.

The fact that the same cash flow for a finite time of 8 years makes the timeline to end at 8th year.

3. Consider an asset that pays $50 per year starting at the end of year 3 (This is a delayed perpetuity- it is the same cash flow evenly spaced forever, but does not begin until a future date).

Note: See number 3 in the attached photo for the timeline.

It should be noted the 3 dots at the end of the time line indicates a perpetuity.

Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth rate after year 3 should remain constant at 11% and you want to earn a 16% annual return. What should you pay for the stock?
A.$67.55
B.$83.34
C.$74.39
D.$61.46

Answers

Answer:

B. $83.34

Explanation:

Current Dividend (D0) = $3.00

Super Normal growth for next three years (g1) = 20% = 0.20

Growth Rate after three year (g2) = 11% = 0.11

Required rate of Return (r) = 16% or 0.16

P3 = D4/(r-g2) = D0*(1+g1)^3*(1+g2)/(r-g2)

P3 = $3.00*(1+0.20)^3*(1+0.11)/(0.16-0.11)

P3 = $115.0848

Value of Share (P0) = [D1/(1+r)] + [D2/(1+r)^2] + [D3/(1+r)^3] + [P3/(1+r)^3]

Value of Share (P0) = [D0*(1+g1)/(1+r)1] + [D0*(1+g1)^2/(1+r)^2] + [D0*(1+g1)^3/(1+r)^3] + [P3/(1+r)^3]

Value of Share (P0) = [$3.00*(1+0.20)/(1+0.16)^1] + [$3.00*(1+0.20)^2/(1+0.16)^2] + [$3.00*(1+0.20)^3/(1+0.16)^3] + [$115.0848/(1+0.16)^3]

Value of Share (P0) =  $3.10 + $3.21 + $ 3.32 + $73.72

Value of Share (P0) = $83.34

During 2016 Green Thumb Company introduced a new line of garden shears that carry a two-year warranty against defects. Experience indicates that warranty costs should be 2% of net sales in the year of sale and 3% in the year after sale. Net sales and actual warranty expenditures were as follows: Net sales Actual warranty expenditures 2016 $ 45,000 $ 1,000 2017 120,000 3,500 At December 31, 2017, Green Thumb should report as a warranty liability of:

Answers

Answer:

See below

Explanation:

Given the above information, the computation of warranty liability is shown below;

Warranty liability = (Net sales of 2016 × After sale percentage) + (Net sales of 2017 × Year of sale percentage)

= ($45,000 × 3%) + ($120,000 × 2%)

= $1,350 + $2,400

= $3,750

Therefore, Green Thumb should report as a warranty liability of $3,750

Why aren't they hiring kids to work for Epic Games? They could give the workers more ideas. Not that they don't have good ideas already. Wouldn't they?

Answers

Yea they would like I feel like kids will come up with the most entertaining and fun games .

Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited, so at most 8 will be produced.a. Formulate the LP model for this problem. b. Solve the problem using the graphical method.

Answers

Explanation:

To  formulate the LP model for this problem,

Let,

X1 = Number of beds to produce

X2 = Number of Desks to produce

Our objective function:

Max: 30X1 + 40X2

Constraints:

6X1 + 4X2 ≤ 36 available carpentry hours 4X1 + 8X2 ≤ 40 available vanishing hoursX2 ≤ 8 (demand for X2)X1, X2 ≥0

Based on the constraints information as well as the objective function you can then solve using the graphical method.

Compute the weight of common equity that should be used in the firm's WACC calculation if the market value of the firm's debt is $62 million, the market value of the firm's preferred stock is $7 million and the market value of the firm's common equity is $111 million. Enter your answer as a decimal (i.e. 0.54)

Answers

Answer:

0.62 or 62 %

Explanation:

Weight of common equity = Market Value of Equity ÷ Total Market Value of Sources of Finance

where,

Market Value of Equity = $111 million

Total Market Value of Sources of Finance = $62 million + $7 million  + $111 million = $180 million

therefore,

Weight of common equity = $111 million ÷ $180 million

                                            = 0.62 or 62 %

Conclusion

the weight of common equity that should be 0.62 or 62 %

A start-up company decides salespeople should visit college campuses to
persuade students to try a new party game. The company realizes that selling
time is short and the salespeople are relatively inexperienced. Which
presentation method is likely to be most effective?
A. Formula selling
B. A prepared sales presentation
C. Telemarketing
D. Consultative selling

Answers

Answer prepared sales presentation

Explanation:

The presentation method is likely to be most effective a prepared sales presentation. Thus, option (b) is correct.

What is presentation?

A presentation should have a solid theme, match the aim, best fit the audience, and be properly arranged. A speech communicates from a person to a listener. They offer a formal speech, often to sell something or gain support for a proposition.

According to the case was the based on the start-up company are the experienced sales people are the salespeople should visit college are the persuade students to try a new party game.  There was the prepared the sales presentation are the sales people are the presentation method was the more to the effective.

As a result, the presentation method is likely to be most effective a prepared sales presentation.  Therefore, option (b) is correct.

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A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000 Sales revenue $ 2,412,000 Variable manufacturing expense $ 1,170,000 Fixed manufacturing expense $ 714,000 Variable selling and administrative expense $ 414,000 Fixed selling and administrative expense $ 82,000 Net operating income $ 32,000 The company's break-even in unit sales is closest to:

Answers

Answer:

Break-even point in units= 346,087

Explanation:

First, we need to calculate the unitary selling price and unitary variable cost:

Selling price= 2,412,000 / 360,000= $6.7

Unitary variable cost= (1,170,000 + 414,000) / 360,000= $4.4

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= (714,000 + 82,000) / (6.7 - 4.4)

Break-even point in units= 346,087

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