Answer:
$256,900
Explanation:
The computation of actual total overhead cost is shown below:-
The Actual overhead cost incurred
= Standard overhead cost + Unfavorable overhead controllable variance - Favorable overhead volume variance
= $226,000 + $52,900 - $22,000
= $278,900 - $22,000
= $256,900
Therefore for computing the actual total overhead cost we simply applied the above formula.
Which of the following is a good way to back up your computer?
Handwritten notes
jpegs
External hard drives
Duplicate files
Answer:
External hard drives
Explanation:
The External hard drive is mainly used for heavy data storage. In most of the big companies, the hard drive is used to save the data for the long term and can easily pass to one person to another and it can be connected through USB
Therefore external hard drives are having a high capacity to store the data. So, the correct answer is External hard drives.
Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 160 shares of its common stock on May 1 for $8,000. On July 1, it reissued 80 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2
Answer: $80
Explanation:
From the question, we are informed that prior to May 1, Fortune Company has never had any treasury stock transactions and that a company repurchased 160 shares of its common stock on May 1 for $8,000. The price per share will be:
= $8,000/160
= $50 per share
The balance in paid capital as at May 1 will be 0.
On July 1, it reissued 80 of these shares at $52 per share. This means that there is an increase of ($52 - $50) = $2 per share.
The balance paid on capital as at July 1 will be:
= $2 × 80
= $160
On August 1, it reissued the remaining treasury shares at $49 per share. This mean that there is a reduction of $1 per share.
The balance paid on capital as at August 1 will be:
= -1 × $80
= -$80
The balance in the Paid-in Capital, Treasury Stock account on August 2 will now be:
= $160 - $80
= $80
The Supplies Expense account was debited $1,240 by the Sanford Company for office supplies purchased during the first year of operations. At year-end, the office supplies on hand were counted and the cost of the on-hand items was $880. The appropriate adjusting entry would:
Answer:
The Decrease in expenses $360
Explanation:
Since the supplies expense is debited by $1,240 for office supplies purchased
and the office supplies on hand is $880
So, the remaining office supplies left is
= Supplies expenses debited for Office supplies purchased - office supplies on hand
= $1,240 - $880
= $360
This $360 represent that there is a decrease in expenses
Two solutions are investigated for a safety program Soution 1 First cost ---25,000 annual maintenance cost 4,000 Life -- 2years Solution 2 First cost ---88,000 annual maint 1400 Life 6 years Neither project has a salvage value Compare the two solutions using present value using 15% interest- what is present cost of solution 2
Answer:
Present value for solution 2 = $93,298.28
Solution 1 has a lower cost compared to solution 2. Solution 1 would be more desirable based on the lower cost
Explanation:
Present value is the sum of discounted cashflows
Solution 1
Cash flow in year 0 = 25,000
Cash flow in year 1 and 2 = 4,000
I = 15%
Present value = $31,502.84
Solution 2
Cash flow in year 0 = 88,000
Cash flow in year 1 and 6 = 1,400
I = 15%
Present value = $93,298.28
Solution 1 has a lower cost compared to solution 2. Solution 1 would be more desirable based on the lower cost
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 11%, while Project B's IRR is 14%. When the WACC is 8%, the projects have the same NPV. Given this information, which of the following statements is CORRECT?a. If the WACC is 9%, Project A's NPV will be higher than Project B's. b. If the WACC is greater than 14%, Project A's IRR will exceed Project B's. c. If the WACC is 13%, Project A's NPV will be higher than Project B's. d. If the WACC is 9%, Project B's NPV will be higher than Project A's. e. If the WACC is 6%, Project B's NPV will be higher than Project A's.
Answer:
d. If the WACC is 9%, Project B's NPV will be higher than Project A's.
Explanation:
The internal rate of return is the return in which the NPV is zero i.e cash inflows equal to the initial investment
While the WACC refers to the cost of capital by considering the capital structure i.e cost of equity, cost of preferred stock and cost of debt by taking their weightage
Now if the WACC is 9% so project B NPV would be higher as compared to project A as we can see that project B IRR is greater than the project A IRR
Therefore option d is correct
Your company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what is the project's Year 1 operating cash flow?
Sales $22,000
Depreciation $8,000
Other operating costs $12,000
Tax rate 35%
Answer:
Net operating cash flow= $9,300
Explanation:
Giving the following information:
Sales $22,000
Depreciation $8,000
Other operating costs $12,000
Tax rate 35%
We need to determine the net operating cash flow:
Sales= 22,000
Other operating costs= (12,000)
Depreciation= (8,000)
EBIT= 2,000
Tax= (2,000*0.35)= (700)
Depreciation= 8,000
Net operating cash flow= 9,300
g explain why a consumer will never choose to consume a combination of goods where their indifference curve is upward sloping.
Answer:
The correct answer is: Because that action will violate the basic principles of the preferences of the consumers.
Explanation:
To begin with, the microeconomic theory, the consumers have preferences and to that preferences there are simple conditions and principles that have to be respected. Those conditions establish that a consumer have preferences that are "complete", "transitive" and that they prefer much more of a good product that less of that product. If a consumer will choose to consume a combination of goods where their indifference curve is upward sloping then the rules will be violate and that will not respect the logic of the economy's theory because it is stated that the indifference curves are convex.
Costs that are incurred in generating revenues during the period, but are not involved in the manufacturing process are referred to as
Answer:
Period costs
Explanation:
Period costs are Costs that are incurred in generating revenues during the period, but are not involved in the manufacturing process. These cost are not related directly to the production process. These costs cannot be capitalized on the company's balance sheet. They are expensed in the period in which they were incurred and are included in the financial statement during their assigned accounting period.
identify the cultural differences that are likely to arise between costco us employees and local employees are working in australia spain and china
The correct answer to this open question is the following.
Although the question seems to be incomplete because it does not provide any references, we can say that the cultural differences that are likely to arise between Costco US employees and local employees that are working in Australia Spain, and China are the result of totally different cultures, idiosyncrasies, customs, and traditions.
American customers are so different from Australian, Chinese, or Spanish consumers. What works in one country would not work in another. What is success in the US could be a failure in Spain. We are talking about different preferences, tastes, likes, and traditions.
That is why it is so important that Costco branches in other countries survey and understand local people's minds and tastes, so employees in each country can be trained in customer services, local preferences, assertiveness, human and business orientation, and many others.
On May 1, Southern Oil Corporation purchased 2,000 shares of its $10 par value common stock at a cash price of $13/share. On July 15, 900 shares of the treasury stock were sold for cash at $17/share. Journalize the two transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
1.
May 1,
DR Treasury Stock $ 26,000
CR Cash $26,000
(To record purchase of Treasury Stock)
Working - 2,000 * $13 per share
= $26,000
2.
July 15,
DR Cash $ $15,300
CR Treasury Stock $11,700
CR Additional Paid-in Capital $3,600
(To record sale of Treasury Stock)
Working and Notes
Cash = 900 * $17 per share = $15,300
Treasury Stock = 900 * purchase price of $13 per share = $11,700
When a stock is sold for more than it was bought or issued for, record this in the Additional Paid-in Capital account.
= Cash - Treasury
= 15,300 - 11,700
= $3,600
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that:________. A) Debits Accounts Receivable,Credits Checking account B) Debits Expense account, Credits Accounts Payable C) Credits Checking account, Debits Accounts Payable D) Debits Checking account, Credits Undeposited Funds
Answer:
C)
Explanation:
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that Credits Checking account, Debits Accounts Payable. Meaning that it records a withdrawal (Credit) from your own checking account that was used to pay the bill, while simultaneously records a deposit (Debit) on the account that was just paid through the bill.
Yeats Corporation's sales in Year 1 were $396,000 and in Year 2 were $380,000. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is
Answer:
Yeats Corporation
The percent change for Year 2 compared to the base year is -4.04%
Explanation:
a) Calculations:
Year 1 Sales = $396,000
Year 2 Sales = $380,000
Reduction = $16,000
Percentage reduction = $16,000/$396,000 x 100 = 4.04%
This is a reduction, and it is negative.
b) The change in sales is calculated as the difference between year 1 and year 2 sales over the sales in year 1 multiplied by 100. This is expressed as a percentage by the multiplication by 100. The percent change describes the relationship between the sales figure in year 1 and the sales figure in 2. When calculated as above, it shows that sales reduced in year 2 by 4.04% from the sales in year 1.
A random sample of 10 parking meters in a beach community showed the following incomes for a day. Assume the incomes are normally distributed. $3.60 $4.50 $2.80 $6.30 $2.60 $5.20 $6.75 $4.25 $8.00 $3.00 Find the 95% confidence interval for the true mean. (Be sure to indicate your calculations for mean and standard deviation)
Answer:
The 95% confidence interval for the true mean would be between 3.39 and 6.01
Explanation:
In order to calculate the 95% confidence interval for the true mean we would have to calculate first the mean and standard deviation as follows:
mean=∑Xi/n
mean=$3.60 $4.50 $2.80 $6.30 $2.60 $5.20 $6.75 $4.25 $8.00 $3.00/10
mean=4.7
standard deviation=√∑(Xi-mean)∧2/n-1
standard deviation=1.83
t critical=2.262
The confidence interval=mean +/- t critical*standard deviation/√10
The confidence interval=4.7 +/- 2.262*1.8338/√10
The confidence interval=(3.39, 6.01)
The 95% confidence interval for the true mean would be between 3.39 and 6.01
Department S had no work in process at the beginning of the period. It added 14,800 units of direct materials during the period at a cost of $103,600; 11,100 units were completed during the period; and 3,700 units were 32% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $58,700 and factory overhead was $8,800. The total cost of units completed during the period was a.$77,700 b.$138,694 c.$130,742 d.$166,433
Answer:
b.$138,694
Explanation:
units started during the period 14,800
total cost for the period $103,600
11,100 units were completed
3,700 were 32% completed with respect to overhead and labor = 1,184 equivalent units
100% of units were completed with respect to materials
direct labor $58,700
cost per equivalent unit = $58,700 / 12,284 units = $4.7786 per unit
overhead $8,800
cost per equivalent unit = $8,800 / 12,284 units = $0.7164 per unit
materials $103,600
cost per equivalent unit = $103,600 / 14,800 = $7 per unit
total cost per equivalent unit = $4.7786 + $0.7164 + $7 = $12.495
total cost of completed units = $12.495 x 11,100 = $138,694.50
"Salina is working to create greater brand awareness for her company's new line of personal digital assistants. To create greater brand awareness Salina will make sure that promotion features the brand: Group of answer choices"
Complete Question:
Salina is working to create greater brand awareness for her company's new line of personal digital
assistants. To create greater brand awareness, Salina will make sure that promotion features the brand:
Group of answer choices.
A. name.
B. logo.
C. packaging.
D. slogan.
E. any or all of these
Answer:
E. any or all of these.
Explanation:
Salina is working to create greater brand awareness for her company's new line of personal digital
assistants. To create greater brand awareness, Salina will make sure that promotion features the brand:
A. Name: this is arguably the most important aspect of a brand. It is one of the identity of a product and it helps to create a memorable impression on consumers. An example is brainly.
B. Logo: this is also an identity of a company’s product, as it helps to distinguish your products from that of rival products in the market. It is a symbol, emblem or graphical identity of the product and mainly connects with consumer's psych.
C. Packaging: this is also very important in creating brand awareness. It is the process of presenting a company's product nicely and attractively through the use of wrappers, packs, or covers.
D. Slogan: this involves the use of small number of words or short phrases that are memorable, catchy and clever to potential customers. Examples are "Just do it", "I'm loving it", "Think about it" etc.
On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What amount of principal will be included in the first annual payment
Answer:
Principal payable in year 1 = $17,258
Explanation:
Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.
The annual installment is computed as follows:
Annual installment= Loan amount/annuity factor .
The annual installment is already given as 37,258.
Principal payable = Annual installment - interest amount
Interest amount = Interest rate × loan amount
= 8%× 250,000 =20,000
Principal payable in year 1 =37,258 - 20,000 =$17,258
Principal payable in year 1 = $17,258
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2018 Assets Cash $ 50,000 Accounts receivable 95,000 Inventories 60,000 Machinery (net) 125,000 Franchise (net) 35,000 Total assets $ 365,000 Liabilities and Shareholders’ Equity Accounts payable $ 60,000 Allowance for uncollectible accounts 10,000 Note payable 65,000 Bonds payable 115,000 Shareholders’ equity 115,000 Total liabilities and shareholders’ equity $ 365,000 Additional information: Cash includes a $25,000 restricted amount to be used for repayment of the bonds payable in 2022. The cost of the machinery is $200,000. Accounts receivable includes a $25,000 note receivable from a customer due in 2021. The note payable includes accrued interest of $10,000. Principal and interest are both due on February 1, 2019. The company began operations in 2013. Income less dividends since inception of the company totals $40,000. 55,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. Required:
Required:
Prepare a corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
LOS GATOS CORPORATION Balance Sheet At December 31, 2018
Assets:
Current Assets:
Cash $ 25,000
Bond Sinking Fund 25,000
Accounts receivable 70,000
Allowance for
uncollectible accounts -10,000 60,000
Inventories 60,000
Total Current Assets $170,000
Non-current Assets:
Machinery 200,000
less accumulated
depreciation -75,000 125,000
Franchise (net) 35,000
Notes Receivable 25,000
Total Non-current assets $185,000
Total assets $355,000
Liabilities and Shareholders’ Equity
Current Liabilities:
Accounts payable $ 60,000
Note payable 55,000
Interest on Notes Payable 10,000 $125,000
Bonds payable 115,000
Shareholders’ equity:
Authorized 200,000 share
Issued at no par 75,000
Retained Earnings 40,000 115,000
Total liabilities & shareholders’ equity $355,000
Explanation:
a) Adjustments:
1. Cash Balance:
As per question $50,000
Bonds Sinking Fund 25,000
Balance $25,000
2. Accounts Receivable:
As per question $95,000
Notes Receivable 25,000
Balance $70,000
3. Notes Payable:
As per question $65,000
Accrued interest 10,000
Balance $55,000
4. Retained Earnings = $40,000
5. The corrected and reclassified balance sheet shows the total current assets, liabilities, and the Retained Earnings.
A) Accounts receivable, net of allowance for uncollectible accounts of ($137,000 minus $39,000) $98,000 then deduct the accrued interest from it the balance amount is ($98,000 minus $24,000) $74,000.B) Common stock (Total shareholder's equity minus Retained earnings) that is $89,000
LOS GATOS CORPORATION Balance sheet at December 31,2016
Assets
Current Assets
Cash $39,000
Accounts receivable, net of allowance for uncollectible accounts of $24,000 $74,000
Inventories $74,000
Total Current Assets Investments $187,000
Bond sinking fund $39,000
Notes receivables $39,000
Total Investments $78,000
Property, plant and equipment: Machinery $228,000
Less: Accumulated depreciation $89,000
Net Property, plant and equipment $139,000
Intangible assets
Franchise $49,000
Total Asset $453,000
Liabilities and shareholder's equity
Current Liabilities
Accounts Payable $88,000
Interest payable $24,000
Notes payable $69,000
Total Current liabilities $181,000
Long term liabilities
Bonds payable $129,000
Shareholder's equity
Common stock, no par value: $200,000 shares authorized, shares issued and outstanding $89,000
Retained Earnings $54,000
Total shareholder's equity $143,000
Total liabilities and shareholder's equity $453,000
Learn more about stock, here:
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Russell Corporation sold a parcel of land valued at $477,500. Its basis in the land was $360,512. For the land, Russell received $117,750 in cash in year 0 and a note providing that Russell will receive $192,000 in year 1 and $167,750 in year 2 from the buyer (plus reasonable interest on the note). (Do not round intermediate calculations. Round your answers to 2 decimal places.)a. What is Russell realized gain on transaction?
b. what is Russel's recognized gain in year1, year2, year3.
Answer:
Can u help me plz
Explanation:
Accounting for trade in goods and services Suppose the following transactions occur during the current year:
1. Dmitri orders 40 bottles of wine from a French distributor at a price of $30.00 per bottle.
2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug.
3. Jake, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a '0' if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.
Amount
(Dollars)
Consumption
Investment
Government Purchases
Imports Exports
Net ExportsGross Domestic Product (GDP)
Answer:
Accounting for trade in goods and services
Indication of the combined effects of transactions on the U.S. national accounts for the current year:
1. Dmitri orders 40 bottles of wine from a French distributor at a price of $30.00 per bottle.
Amount (Dollars) $1,200
Consumption 0
Investment 0
Government Purchases 0
Imports Exports 0
Net Exports 0
Gross Domestic Product (GDP) 0
2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug.
Amount (Dollars) $1,000
Consumption 0
Investment 0
Government Purchases 0
Imports Exports $1,200 Exports
Net Exports $1,200
Gross Domestic Product (GDP) $1,200
3. Jake, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company).
Amount (Dollars) $670
Consumption $670
Investment 0
Government Purchases 0
Imports Exports 0
Net Exports 0
Gross Domestic Product (GDP) $670
Explanation:
The Gross Domestic Product (GDP) is the total market value of goods and services produced within an economy for a given period. It is calculated with this formula: GDP=C+I+G+(X−M) where, C = Consumption of goods and services, I = Investments, G = Government Spending, X = Exports and M = Imports. It is in turn influenced by transactions that take place on a daily basis. Some of the transactions do not really affect a country's GDP. For example, the order of bottles of wine by Dmitri (supposedly a Greek citizen) from a French distributor into (Greece).
Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 since buying it. He sells it in 2019 for $290,000. His selling expenses were $12,000 for the year. What was Bob’s realized gain on the sale?
Answer:
Bob’s realized gain on the sale is $55,000,
Explanation:
The first step is to find the Book Value of the Rental Property Sold.
Book Value of the Rental Property Sold.
Cost $260,000
Less Accumulated Depreciation ($37,000)
Book Value $223,000
Gain or Loss on Sale = Selling Price - Cost of Sale (Book Value) - Other Selling Expenses
= $290,000 - $223,000 - $12,000
= $55,000
Conclusion :
Bob’s realized gain on the sale is $55,000,
Firm Y has issued 500 million shares of stock at $1 par value and $200 millino in additional paid in capital. Retained earnings are $5.6 billion. What is the return on equity if net income if net income is $1.1 billion?
Answer:
Return on equity = 17.46%
Explanation:
DATA:
Issued share capital = $500m
Additional Paid-in capital = $200 million
Retained Earnings = $5.6 billion
Net Income = $1.1 billion
Return on Equity = ?
Solution
Return on equity can be calculated by dividing net income in total shareholder's equity
NOTE: ALL THE WORKINGS ARE IN 1000's
Return on equity = Net Income / Shareholder's Equity
Return on equity = 1,100,000 / (500,000 + 200,000 +5,600,000)
Return on equity = $1,100,000/6,300,000
Return on equity = 17.46%
Iron Works International is considering a project that will produce annual cash flows of $38,200, $46,900, $57,600, and $23,100 over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $112,800
Answer:
18.11%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator
Cash flow in year 0 = $-112,800
Cash flow in year 1 = $38,200
Cash flow in year 2 = $46,900
Cash flow in year 3 =$57,600
Cash flow in year 4 =$23,100
IRR = 18.11%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
What is the pro-forma as adjusted cash and cash equivalents amount on Twitter’s balance sheet as mentioned in the amended S-1 filed November 4, 2013
Answer:
The pro-forma as adjusted cash and cash equivalents amount on Twitter's balance sheet as mentioned in the amended S-1 filed November 4, 2013 is:
$1,777,009,000
Reference was made to sec.gov/Archives/edgar/data.htm.
Explanation:
Cash and cash equivalents are company's current assets that are cash or can be converted into cash immediately. They are the most liquid of current assets.
We are all familiar with cash. Cash equivalents are short-term investments and commitments which a company can enter into using "temporarily idle cash" and they can easily be converted into cash as needed. Included in cash equivalents are bank accounts and marketable debt securities with less than 90 days' maturity period. The expression means that they are equivalent to cash but are not cash because of their ease of convertibility.
Contracts are a form of private law because the terms contained within a contract bind the relevant parties, not the public as a whole.
a) true
b) false
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.
The most effective method for finding shopping center tenants is:__________.a. personal contactb. brochuresc. direct maild. use of public relations firms
Answer:
a. personal contact
Explanation:
The most effective method for finding shopping center tenants is personal contact. Personal contact is the only way to actually get to know an individual and understand what they are looking for as well as if they will be a good fit for the specific shopping center unit. Other options only allow you to see a rough description of the individual which may be false and can ultimately waste time.
Simkin Corporation purchased land for $420,000. Later in the year, the company sold a different piece of land with a book value of $155,000 for $110,000.How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank.
Answer:
Transaction Amount Statement of cash-flow
Purchase of land 420000 Investing activities
Sale of land 110000 Investing activities
Loss on sale of land 45000 Operating activities
Jack Pickle decided to start a small business as a corporation. His initial investment was $4,000 cash in exchange for common stock. Demonstrate how to record this transaction in the accounting equation?
Answer:
Increase cash by $4,000 and Increase common stock by $4,000
Explanation:
Demonstration of how to record Jack Pickle
transaction in the accounting equation
Since we were told that Jack Pickle decided to start a small business in form of a corporation in which his initial investment was the sum of $4,000 cash and the cash was in exchange for common stock, therefore using accounting equation this means when we want to record Jack Pickle transactions we have to increase the cash by the sum of $4,000 and the increase common stock by the sum of $4,000.
Increase cash by $4,000 and Increase common stock by $4,000
If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out during the period was $128,000, what amount of cash was received during the period
Answer:
Cash Received during the period = $155200
Explanation:
The amount of receipts or cash received during the period can be calculated using the following formula.
Cash Received = Closing Balance + Cash Disbursements - Opening Balance
Cash Received = 67200 + 128000 - 40000
Cash Received = $155200
So, the cash receipts during the period are $155200.
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,800 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $48. The cost of each light is $0.95. The holding cost is $0.10 per light per year.
A) What is the optimal sizeof the production run?
B) What is the average holding cost per year?
C) What is the average setup cot per year?
D) What is the total cost per year, including the cost of the lights?
Answer:
Please see answers below.
Explanation:
Annual demand rep D=11,800
Setting up cost rep S = $48
Holding cost per year rep H=$0.1
Production rate per year = Production facility × Capability of production
=300 × 95
=28,500
Therefore;
a. Optimal size of the production
Q = √2DS/H(1-D/P)
= √2×11,800×48/0.1(1-11,800/28,500)
=√11328000-0.5859649123
=√11328000.586
=$3,366
b. Average holding cost per year
=QH/2(1-D/P)
=3,366×0.1/2(1-3,366/28,500)
=168.3(0.8818947368)
=$148.42
C. Average set up cost
=D/Q × S
=11,800/3,366 × 48
=$168.27
D. Total cost per year = Average set up cost + Average holding cost per year + Cost to purchase 11,800 lights
= $148.42 + $168.27 + 11,800(0.95)
= $11,526.69
Government officials have hired your consulting firm to encourage more people to use the theater . In the initial meeting, you discussed several options for increasing demand. Three suggestions are listed below. Based on your knowledge of the law of demand, what is your recommendation for each suggestion?
Suggestion 1: Reduce the price of public transportation
Choose one:
a. Not recommend
b. Recommend
Suggestion 2: Increase the prices of private transportation by increasing the price of parking and gasoline
Choose one:
a. Not recommend
b. Recommend
Suggestion 3: Offer monthly and yearly passes that reduce the price per ride
Choose one:
a. Not recommend
b. Recommend
Answer:
Suggestion 1: Not Recommended
Suggestion 2: Recommended
Suggestion 3: Not Recommended
Explanation:
The law of demand says that the increase in the price of the commodity will result in decrease in the utility derived from that product and as a result the consumption of the product falls.
So by keeping the law of demand in view, we can say that the:
Reduction in price of public transportation is not recommended because every transporter will start investing in public transport and we will have higher number of buses per person.The increase in the price of parking and gasoline is recommended as the increase in parking fees and gasoline cost will discourage people to buy private transportation.Offer of monthly and yearly passes to reduce the price per ride is not recommended as it encourages the cyclists to travel via bus. Hence it is not recommended.