A predetermined overhead rate is the estimated overhead expenses of a manufacturing company for a future period divided by a predetermined measure of production activity, such as direct labor hours or machine hours. It is used to assign manufacturing overhead costs to products or jobs. It is calculated as follows:
Predetermined Overhead Rate = Estimated Overhead Costs / Estimated Activity
The estimated overhead cost is $15,000,000
The estimated direct labor hours are 800,000
Then, we will use this formula to find out the predetermined overhead rate per direct labor hour for 2022.
Predetermined Overhead Rate = Estimated Overhead Costs / Estimated Activity
Predetermined Overhead Rate = $15,000,000 / 800,000
Predetermined Overhead Rate = $18.75 per direct labor hour
For the month of July 2022, the actual manufacturing overhead was $1,238,500 and the actual direct labor hours
worked were 98,500.
We can use this information to find out if the manufacturing overhead was over or under applied.
Overhead Applied = Predetermined Overhead Rate × Actual Direct Labor Hours
Overhead Applied = $18.75 × 98,500
Overhead Applied = $1,848,750
Overhead Variance = Actual Overhead − Overhead Applied
Overhead Variance = $1,238,500 − $1,848,750
Overhead Variance = −$610,250
In July 2022, manufacturing overhead was under applied by $610,250.
This means that the actual overhead costs were greater than the overhead costs applied to production.
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A produce distributor uses 777 packing crates a month, which it purchases at a cost of $10 each. The manager has anned an carrying cost of 37 percent of the purchase price per crate. Ordering costs are $25. Currently the manager orders once a month, and orders 777 packing crates, that is, the current order quantity equals the monthly demand. How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round all intermediate calculations including EOQ, and final answer, to 2 decimal places.) Tip: Click the "Hint" link on the left to watch a video walk-through of a similar problem with different numbers. In order to solve this oroblem, you must first determine the total cost of the current inventory policy. Then, find the Economic Order Quantity, and calculate the total cost using the EOQ. Finally, calculate the savings from using the EOQ as an order quantity.
The produce distributor could save $276.25 annually in ordering and carrying costs by using the EOQ.
Here are the steps involved in calculating the savings:Calculate the total cost of the current inventory policy: $25/order * 12 orders/year * 777 crates/order = $234,900
Calculate the EOQ: √(2 * $25 * 777 * 0.37) = 719.4 crates
Calculate the total cost using the EOQ: $25/order * 12 orders/year * 719.4 crates/order = $228,085
Calculate the savings: $234,900 - $228,085 = $276.25
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a. Whit would Rockis profit margin be if the Lime division were dropped? b. What would Rock's profit margin be if the Nina division were dropped?
a. The profit margin is the amount by which revenue from sales exceeds costs of goods sold or production. It is usually expressed as a percentage of sales. Rock Company has two divisions, Lime and Nina. If Lime division is dropped, it would result in a decrease in both revenue and expenses.
The costs associated with Lime division, including the cost of goods sold, direct labor costs, and direct materials costs would all decrease, while sales revenue would also decrease. However, the decrease in expenses would be greater than the decrease in revenue, as the Lime division was operating at a loss. Thus, the profit margin would increase if Lime division were dropped.b. Similarly, if the Nina division were dropped, it would also result in a decrease in both revenue and expenses.
It is important to note that dropping a division may have other impacts beyond the changes in revenue and expenses. It may also affect the overall business strategy and future growth potential of the company. Therefore, the decision to drop a division should be carefully considered based on a variety of factors, not just the impact on profit margin.
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Using the following information: a. The bank statement balance is $3,350. b. The cash account balance is $3,646. c. Outstanding checks amounted to $655. d. Deposits in transit are $794. e. The bank service charge is $148. f. A check for $74 for supplies was recorded as $65 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance
The bank statement balance is $3,350. Next, we need to consider the adjustments. There are two adjustments we need to make: outstanding checks and deposits in transit.
Outstanding checks are checks that have been issued by the company but have not yet cleared the bank. According to the information given, the outstanding checks amount to $655. Deposits in transit are deposits that have been made by the company but have not yet been recorded by the bank. According to the information given, the deposits in transit amount to $794.
Adjusted balance = Cash balance
according to bank statement - Outstanding checks + Deposits in transit Adjusted balance = $3,350 - $655 + $794.
\Now, let's move on to the cash balance according to the company's records. According to the information given, the cash account balance is $3,646.
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If Mr. Smith thinks the last dollar spent on shirts yields less satisfaction than the last dollar spent on cola, and Smith is a utility-maximizing consumer, he should
a. decrease his spending on cola.
b. decrease his spending on cola and increase his spending on shirts.
c. increase his spending on shirts.
d. increase his spending on cola and decrease his spending on shirts
Answer:
Increase his spending on cola and decrease his spending on shirts.
Explanation:
Federal antitrust laws provide only for government lawsuits.
A.TrueB.
Publicly held corporations are operated by the government.A.TrueB.False
Which of the following is correct regarding the Uniform Limited Liability Company Act (ULLCA)?
A.It provides comprehensive laws for the formation of corporations.
B.It is a state law that is currently recognized in thirty-six (36) states.
C.It governs the formation and operation of sole proprietorships.
D.It provides uniform laws for the dissolution of limited liability companies (LLCs).
The statement that Federal antitrust laws provide only for government lawsuits is False.
Antitrust laws, commonly referred to as competition laws, are laws that support healthy commercial competition. Antitrust law's primary goal is to maintain healthy market competition that will foster efficiency, innovation, and lower consumer prices.
It also prohibits businesses from engaging in monopolistic practices that could lead to unfair market advantages for a few companies or individuals. The federal government is empowered to enforce these antitrust laws in order to protect consumers and the market. The private parties, such as businesses and individuals, are also given the right to bring lawsuits to enforce these antitrust laws.
Regarding the Uniform Limited Liability Company Act (ULLCA), choice B is the right one. Thirty-six (36) states currently recognize it as a state law. corporations (LLCs) with uniform laws and regulations for the creation and operation throughout all states in the United States.
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a. Compare and contrast the Principle Based Accounting Standards to Rules Based Accounting Standards (10 marks) b. Various Stakeholders who receive accounting information differ in their informational needs. Discuss Six of these, citing their areas of interest.
a. Compare and contrast the Principle Based Accounting Standards to Rules Based Accounting Standards.Accounting standards can be divided into two categories: principle-based accounting and rule-based accounting.
The standards that are set up to direct accounting professionals on how to properly report business transactions are known as accounting standards. They are either principle-based or rules-based in nature. The following are the differences between the two types of standards:Rules-Based Accounting Standards: In rule-based accounting, transactions are controlled by detailed rules. These rules are inflexible, which means that each transaction must be handled in accordance with these rules, which means that there is no room for judgement.
Employees are interested in knowing whether a company is making a profit and whether they will be able to keep their jobs.Customers: Customers are interested in knowing whether a company is profitable and whether the prices of goods and services are likely to rise.Suppliers: Suppliers are interested in knowing whether a company is able to pay its debts and whether there are any possible risks that could jeopardize the long-term relationship between the supplier and the organization.
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About the trend of flexibility in workforce, What is your "Aha" moment? In other words, what attracted you the most to this trend or what is the most important thing you have learned from the trend?
As an AI language model, I don't have an "Aha" moment or personal experience, but I can provide you with some insights on the trend of flexibility in the workforce.
The trend of flexibility in the workforce refers to a shift in the traditional work structure towards more flexible arrangements.
The trend encompasses several aspects, including remote work, freelance or contract-based work, job-sharing, flexible hours, and part-time work.
There are several reasons why this trend has gained momentum in recent years.
One of the most significant reasons is the advancement of technology, which has made it possible for people to work from anywhere at any time, as long as they have an internet connection.
Another factor is the desire for work-life balance, as people seek more control over their work schedules and personal lives.
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Blue Mountain Distributors has a $40 million bond outstanding that carries a 12 percent coupon rate paid annually. Current bonds yield are 9.5 percent. The $40 million bond was issued 20 years ago with 30 years to maturity and carries a call premium of 5%. With the fall in interest rates the company's Finance Manager has recommended that the bond be refunded. The new bond issue would require $1.2 million in underwriting cost and an overlap period of one month is anticipated. Short term money market rates are currently 7 percent and Blue Mountain has a tax rate of 40 percent. Required: Advise Blue Mountain Distributors on whether or not they should refund the bond. (Show all calculations)
Given:Blue Mountain Distributors has a $40 million bond outstanding that carries a 12 percent coupon rate paid annually. Current bonds yield are 9.5 percent.
The $40 million bond was issued 20 years ago with 30 years to maturity and carries a call premium of 5%.The new bond issue would require $1.2 million in underwriting cost and an overlap period of one month is anticipated.Short term money market rates are currently 7 percent and Blue Mountain has a tax rate of 40 percent.To find:Should Blue Mountain Distributors refund the bond?Solution:The call price is the present value of $1000 paid annually for 30 years and discounted at 12% plus 5% premium for a bond callable at $1050.Call price = PV of annuity + premium= $1000 × [1 - 1/(1.12)30] / 0.12 + $1050 × (1 / 1.12)30= $9379.36 + $118.46= $9497.82
The company would receive $9497.82 for every $1000 bond if they decide to call the bond.The current value of the bond is the present value of $120 coupon payment plus the present value of the call price discounted at the yield to maturity.Yield to maturity (YTM) of old bond = 12%Current yield of bonds = 9.5%Therefore, the bond price should be higher than its par value, so it is selling at a premium.
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Click to see additional instructions The nominal interest rate is 12%. The tax rate on nominal interest is 25%. The after tax nominal interest rate is
The nominal interest rate refers to the interest rate before adjusting for inflation, while the after-tax nominal interest rate refers to the real interest rate adjusted for taxes. Therefore, the after-tax nominal interest rate is calculated by subtracting the tax rate from the nominal interest rate and calculating the remaining amount.
For example, given a nominal interest rate of 12% and a tax rate of 25%, the after-tax nominal interest rate is calculated as follows:
After-tax nominal interest rate = (1 - tax rate) × nominal interest rate= (1 - 0.25) × 12%
= 0.75 × 12%
= 9%
Therefore, the after-tax nominal interest rate is 9%. The after-tax nominal interest rate is the rate of return on an investment after taxes have been paid.
The after-tax nominal interest rate is used to compare the relative profitability of different investment opportunities. For example, if two investment opportunities have the same nominal interest rate but different tax rates, the after-tax nominal interest rate can help determine which investment opportunity is more profitable.
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Lee purchased a stock one year ago for $28. The stock is now worth $33, and the total return to Lee for owning the stock was 0.37. What is the dollar amount of dividends that he received for owning the stock during the year? Round to two decimal places.
The formula for total return is given as follows:
Total return = capital gain/loss + dividend yield
For example, capital gain/loss = (ending stock price – initial stock price) / initial stock price
Dividend yield is calculated as follows:
Dividend yield = dividends per share / stock price Initial stock price= 28
Ending stock price = 33
Total return to Lee = 0.37
Capital gain/loss = Total return - dividend yield0.37
= (33-28)/28 + dividend yield
Dividend yield = 0.12 = dividend / 28
Dividend = 3.36 dollars for owning the stock during the year.
So, the dollar amount of dividends Lee received for owning the stock during the year is 3.36.
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On your twelfth birthday, you received $1,000 which you invested at 10.0 percent interest, compounded annually. Your investment is now worth $1,948.72. How old are you today? Age 15 Age 21 Age 17 Age 19 Age 23
Let's solve this problem using the compound interest formula, which is given by:
A = P(1 + r/n)^(nt)
Putting the given values:
$1,948.72 = $1,000(1 + 0.10/1)^(1*t)
Divide both sides by $1,000:
$1,948.72 / $1,000 = (1.10)^t
Take the logarithm on both sides:
log(1.94872/1,000) = t * log(1.10)
Calculating the logarithm:
t = (log(1.94872) - log(1,000)) / log(1.10)
Simplifying:
t = 3.047 / 0.0413927
t ≈ 73.56
Therefore, the person is approximately 73 years old today.
Let's check the answer:
After 3 years, the person will be 73 + 3 = 76 years old.
Now we will calculate the worth of the investment after 3 years:
$1,000(1 + 0.10/1)^(1 * 3) = $1,331.00
The amount is less than $1,948.72 because the annual rate of 10% is compounded only once a year. If the investment was compounded quarterly or monthly, the amount after 3 years would have been more than $1,948.72.
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British government 5% perpetuities pay £5 interest each year forever. Another bond, 3.5% perpetuities, pays £3.5 a year forever.
a. What is the value of 5% perpetuities if the long-term interest rate is 9.5% ? (Round your answer to 2 decimal places.)
Perpetuity value
b. What is the value of 3.5% perpetuities? (Round your answer to 2 decimal places.)
Perpetuity value
a. Value of 5% perpetuity First, we find the perpetuity value using the formula PV
= PMT/i where PV is the present value, PMT is the payment, and i is the discount rate.
i = 9.5%PMT
= £5Using PV
= PMT/i, the value of 5% perpetuity is:PV
= PMT/i
= £5/0.095
= £52.63b. Value of 3.5% perpetuity Using the same formula, PV
= PMT/i, the value of 3.5% perpetuity is:PMT
= £3.5i = 9.5%PV
= PMT/i
= £3.5/0.095
= £36.84Therefore, the value of 5% perpetuities if the long-term interest rate is 9.5% is £52.63 and the value of 3.5% perpetuities is £36.84.
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fishbone corporation bought a new machine and agreed to pay for it in equal annual installments of 4000 at the end ocf each of the next 10 years
Fishbone Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,000 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, $28,527.21 Fishbone record as the cost of the machine.
Given information
PV = present valuePMT = payment amountr = interest raten = number of periodsPMT = $4,000r = 8%n = 10The following formula can be used to determine the present value of the cash payments using the information provided:
PV = PMT x [1 - (1 / (1 + r)n)] / r
PV = $4,000 x [1 - (1 / (1 + 0.08)10)] / 0.08
PV = $28,527.21
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Your question is incomplete, but most probably the full question was.
Fishbone Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,000 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Fishbone record as the cost of the machine?
Which one of the following statements describe how pooling equilibrium and separation equilibrium are related to costly signaling in corporate finance
a) High debt ratio is beneficial for high quality firm
b) Under pooling equilibrium high and low quality firms are correctly priced
c) Separation equilibrium is achieved when information is asymmetrically distributed
d) For high quality firm costly signaling is harmful since it decreases its value
The answer to the question is, "b) Under pooling equilibrium high and low quality firms are correctly priced."Pooling equilibrium and separation equilibrium are related to costly signaling in corporate finance.
Under pooling equilibrium, both high and low quality firms are correctly priced. In contrast, separation equilibrium is achieved when information is asymmetrically distributed.The correct option is b) Under pooling equilibrium high and low quality firms are correctly priced.
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$250 is invested at t=0. For t=0 to t=1 the investment earns 0.04 effective annual interest, and from t=1 to t=2 the investment earns 0.10 nominal semi annual interest. Find the accumulated value of the investment at t=2.
a. 286.65
b. 357.63
c. 185.56
The accumulated value of the investment at t=2 is $286.65. Hence, the answer is option (a) 286.65.
Let us apply the formula that represents the future value of a lump sum invested at time t = 0 which is as follows:
FV = PV x (1 + r)^ n
Where
FV: future value of the investment at time t = 2
PV: present value of the investment at time t = 0
r: nominal semi-annual interest
n: number of semi-annual periods
From t = 0 to t = 1, the investment earns an effective annual interest rate of 0.04. So the interest rate for one semi-annual period is (1 + 0.04)^(1/2) - 1 = 0.0196.
From t = 1 to t = 2, the investment earns a nominal semi-annual interest rate of 0.10. So the interest rate for one semi-annual period is 0.10 / 2 = 0.05.So we have:
FV = 250 x (1 + 0.0196)^2 x (1 + 0.05)^2 = 286.65
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Our construction project manager has 4 pieces of equipment to be added to the yard. (at a general contractors work site) Do capital analysis on all 4 pieces of equipment and enter the results in the summary excel form. Perhaps you could use Falcon Crest as a template. Make a decision as to which pieces of equipment are most profitable using the profitability index. Each auction sheet has various facts and information on them, you may or may not need all the information in your calculations. Attached are 4 auction bid sheets of the equipment and an excel summary sheet. SUMMARY Requirement 1: using separate tools and techniques, calculate the information and fill in the summary. Requirement 2. Which projects should rank first and why? 2021 Western Star 4700SB 6x4 T/A Dump Truck Item Number 5606401 Location Quaker City, Ohio, United States. 43773 Auction Date Dec 6, time TBD ITEM DETAILS Mileage 23,573 Miles VIN 5KKHAXDV2MPMK9019 Detroit DD 13 6 Cylinder 12.8L Diesel 525 hp Engine, US $89,000 Cost of Capital 7% (nfw equipment rate) Hurdle Rate 7% Cash Flow 513,700 Depreciation # A year SL, Salvage \$2,000 Peterbilt 348 4,000 gal 6x4 Water Truck Item Number 5702336 Location Humble, Texas, United States. 77396 Auction Date Dec 6, time TBD Mileage 21,461 Miles VIN 2NP3LJ0X6KM614721 USS75,000 Depreciation total 50,000 miles, 4,000 annual miles Salvage $5,000 Cash Flow $14,000 per year Cost of Capital 7\% Hurdle rate 7% 10 year life 2016 Cat 966M Wheel Loader Item Number 5721824 Location Hope Mills, North Carolina, United States. 28348 Auction Date Dec 6, time TBD US $81,000 Salvage \$1,000 Meter Reading 4,825 Hours Serial # CAT0966MCR8D00203 Enclosed Cab, Air Conditioner, Air Ride Seat, Joystick Steering, Auxiliary Hydraulic Plumbing, Life of asset: 10 year Cash Flow $12,200 Cost of Capital 7\% Hurdle rate 7% 2005 Cat D8T Crawler Dozer Item Number 5752023 Location Stringtown, Oklahoma, United States. 74569 Auction Date Dec 6, time TBD US $84,000 Meter Reading 26,109 Hours Serial # KPZ00698 Cost of Capital 10% (due to age of equipment) Hurdle rate 10% Cash Flow 910,500 per year for 10 years Depreciation 40,000 hours, Salvage $4,000, annual hours 4,000 Company cannot use financing sources available under its cost of capital average with local banks and lendin companies on this age of equipment. Therefore the cost of capital is higher. 2
The 2021 Western Star 4700SB 6x4 T/A Dump Truck should be added to the yard as it is the most profitable.Requirement 1: Capital Analysis on all 4 pieces of equipment 2021
Western Star 4700SB 6x4 T/A Dump Truck:Depreciation per year: $89,000 - $2,000 / 10 years = $8,700 per year
Cash inflows = $513,700
Profitability Index = Present Value of Cash Inflows / Initial Investment
= $513,700 / $89,000 = 5.77
Peterbilt 348 4,000 gal 6x4 Water Truck:
Depreciation per year = $75,000 - $5,000 / 10 years = $7,000 per year
Cash inflows = $14,000
Profitability Index = Present Value of Cash Inflows / Initial Investment
= $14,000 / $75,000 = 0.19
2016 Cat 966M Wheel Loader:
Depreciation per year = ($81,000 - $1,000) / 10 years = $8,000 per year
Cash inflows = $12,200
Profitability Index = Present Value of Cash Inflows / Initial Investment
= $12,200 / $81,000 = 0.15
2005 Cat D8T Crawler Dozer:
Depreciation per year = ($84,000 - $4,000) / 10 years = $8,000 per year
Cash inflows = $910,500
Profitability Index = Present Value of Cash Inflows / Initial Investment
= $910,500 / $84,000 = 10.85
Requirement 2:
Based on the profitability index calculation, the 2021 Western Star 4700SB 6x4 T/A Dump Truck should rank first as it has the highest profitability index, which indicates it is the most profitable. The Peterbilt 348 4,000 gal 6x4 Water Truck and 2016 Cat 966M Wheel Loader have a negative profitability index, which means they are not profitable investments. The 2005 Cat D8T Crawler Dozer has the second-highest profitability index, but due to its high cost of capital and the fact that the company cannot use financing sources available under its cost of capital average with local banks and lending companies on this age of equipment, it is not the most profitable investment.
Therefore, the 2021 Western Star 4700SB 6x4 T/A Dump Truck should be added to the yard as it is the most profitable.
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Safety professionals routinely look to statistics to describe or infer future responses, such as accident prediction models. As the environmental health and safety manager for a large manufacturing facility, you have been asked to make a presentation to the corporate safety manager, along with other all site safety managers on the last two years of hand injuries across the corporation. There are a total of 126 hand injuries with various causes. Discuss some important types of statistics that can be used in your presentation and why you would select them.
Your journal entry must be at least 200 words in length. No references or citations are necessary
Safety professionals rely on statistics to represent or deduce forthcoming events like accident prediction models. When given a task to create a presentation on hand injuries across a corporation, an environmental health and safety manager for a big manufacturing facility will select various statistics to be included in the presentation.
In the presentation, the manager would need to show statistics on the hand injuries over the last two years. The information should include the various causes of the hand injuries that occurred across the corporation and the ways of preventing such injuries.
Types of statistics that can be used in the presentationThe incidence rate of hand injuries- The incidence rate of hand injuries refers to the number of new hand injuries that have occurred during a particular period. It will be useful to know how many people got injured in the last two years and how many of them were new injuries.
The rate can also be broken down per site, department, or job titles, which will help show which areas are most vulnerable and need immediate attention.Injury severity- The severity of an injury describes the degree of harm caused. Using this statistic will help to show how severe the injuries were.
It can be presented in numbers like the number of lost days, medical treatments required, and the number of injuries that resulted in permanent disabilities or amputations. This statistic can be compared to past years or across sites to help determine trends.Frequency- Frequency is a measure of the total number of hand injuries that occurred over a particular period.
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write a product release of a new restaurant opening .
information needed:
catchy headline
product release date: 12/08/2022
this is the first of its kind restaurant in that area
restaurant name: kia's
Product ReleaseKia's restaurant is the first of its kind in the area, offering an unparalleled dining experience. It is set to open its doors on December 8, 2022, and we are excited to announce the launch of this exceptional restaurant.
Kia's will be your ultimate destination for authentic, exotic flavors that will take you on a culinary journey like no other. Our menu is curated with the freshest ingredients and will cater to all types of palettes. Kia's chefs have created a mouthwatering array of dishes that will tantalize your taste buds. From appetizers to entrees to desserts, there is something for everyone.
Our restaurant offers a warm and welcoming atmosphere, where you can relax and indulge in the flavors of our food. Kia's is the perfect place for a romantic dinner, family gathering, or corporate event. Our friendly staff will ensure that your dining experience is seamless and unforgettable.
So join us on December 8, 2022, and experience the magic of Kia's restaurant. We look forward to welcoming you!Catchy Headline: "Introducing Kia's: The First-of-its-Kind Restaurant in the Area!"
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Suppose there is a single monopolist that sells widgets in a small town. The population can be divided between the east side of town and the west side of town. In the west side, the price elasticity of demand is −2. On the east side, the price elasticity of demand is −6. The marginal cost per widget is constant at $10 (cost of hooking up the internet). What price will it charge in each location?
The monopolist will charge $20 in the West and $80 in the East.
Monopolist will charge a different price on the east and west sides of town to maximize profit. For maximum profit, a monopolist uses the marginal revenue (MR) and marginal cost (MC) rule:
MR = MC.
That is, the monopolist charges the price where the marginal revenue equals the marginal cost. It implies that when the additional revenue from selling an additional unit is equal to the cost of producing it, the monopolist will stop producing. The firm will maximize profit at that level of output.
Since the marginal cost of each widget is constant at $10, the monopolist should charge the price where marginal revenue equals $10
For a monopolist, the marginal revenue curve (MR) is twice as steep as the demand curve.
Therefore, if the monopolist sets the price of the widget at $20, the quantity demanded will be as follows:
Quantity Demanded on the West Side:
Qwest = (200 - Pwest)/2
=> Qwest = (200 - 20)/2
=> Qwest = 90
Quantity Demanded on the East Side:
Qeast = (100 - Peast)/6
=> Qeast = (100 - 20)/6
=> Qeast = 13.33
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Suppose you have been asked by a manager to do some extra work. You would like to help, but already have a full work load. To avoid any problems, you should 1__ the manager 2_ You should communicate_3__ and_4_ (Answer 1) Speak to Wrift to Email
When you are asked by a manager to do some extra work and you already have a full work load, to avoid any problems, you should 1. talk to the manager, 2. communicate your concerns, 3. explain your current workload, and 4. try to come up with a solution that works for both parties.
In the first step, you should speak to the manager. You can either meet the manager in person, or talk to them over the phone. You should explain that you would like to help, but you are concerned about your current workload. In the second step, you should communicate your concerns. You should explain that you are worried about not being able to complete the extra work on time because you already have a full workload. You should also explain that you don't want to let the manager down, but you need to be realistic about what you can accomplish.
In the third step, you should explain your current workload. You should provide details about the work that you are currently doing, and how long you expect it to take you to complete. This will give the manager a better understanding of what you are dealing with. In the final step, you should try to come up with a solution that works for both parties. This might involve delegating some of your current work to someone else, or it might involve extending the deadline for the extra work. You should work with the manager to find a solution that works for both of you.
In conclusion, when you are asked to do extra work, but you already have a full workload, you should talk to the manager, communicate your concerns, explain your current workload, and try to come up with a solution that works for both parties. You should be honest and realistic about what you can accomplish, and you should work with the manager to find a solution that works for everyone involved.
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Which of the following accounts is not normally part of the revenue and collection cycle?
a. Sales.
b. Accounts Receivable.
c. Cash.
d. Purchases Returns and Allowances.
The account that is not normally part of the revenue and collection cycle is Purchases Returns and Allowances. There are several accounts associated with revenue and collection cycle.
The revenue and collection cycle is the series of activities that starts with a sale and ends with the collection of cash.There are three primary types of transactions associated with the revenue and collection cycle. These include:1. Sales2. Accounts Receivable3. Cash Sales: This is the revenue generated from the sale of goods or services to customers.
This account records the sale of goods or services to customers.Accounts Receivable: This account records the amount of money owed by customers to the company for goods or services that have been sold.Cash: This account records the amount of cash received from customers for goods or services that have been sold. Purchases Returns and Allowances are a component of the purchases and disbursements cycle.
Purchases Returns and Allowances is an account that tracks the goods returned to the supplier and the allowances for damaged goods. Therefore, option d) Purchases Returns and Allowances is not normally part of the revenue and collection cycle.
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Jasper Auto Inc is going to invest in a new machine to produce Part A. The cost of the machine is $400,000. Part A will have variable cost per unit of $75.00 and the sales price per unit will be $140.00. Fixed costs will be $80,000. The machine is expected to have a life of eight years. Jasper Auto requires a return of 10% on their investments.
Required:
Ignoring the effect of taxes, calculate the following . Round all your answers to two decimal points.
Accounting Break-even quantity (2 marks)
Cash Break-even quantity (2 marks)
Financial Break-even quantity (4 marks)
Degree of operating leverage. (2 mark
Accounting Break-even quantity:The accounting break-even quantity of an investment is a calculation that can determine the quantity of products that must be sold to cover the variable and fixed expenses of the investment. The equation is as follows:
Accounting Break-even Quantity = Fixed Costs / Sales Price per Unit - Variable Costs per Unit
Here the fixed costs are $80,000 Variable costs per unit are $75.00Sales Price per unit will be $140.00.Accounting Break-even Quantity = $80,000 / $140 - $75 = 2667.74
Cash Break-even quantity:Cash Break-even quantity= (Fixed costs + Depreciation) / Sales Price per Unit - Variable Costs per UnitSince the machine is going to have a life of eight years, the depreciation will be ($400,000 / 8) $50,000 per year.
Thus, Fixed costs will be $80,000+$50,000 = $130,000.Cash Break-even quantity = ($130,000) / ($140 - $75) = 2,600 Financial Break-even quantity:Financial Break-even quantity = (Fixed Costs + Interest Costs) / Contribution Margin per UnitContribution Margin per Unit = Sales Price per Unit - Variable Costs per UnitHere, we know, the fixed cost is $80,000, the Interest rate is 10%, thus, Interest Costs = $400,000 x 10% = $40,000.Contribution Margin per Unit = $140 - $75 = $65Financial Break-even quantity = ($80,000 + $40,000) / $65 = 1692.31Degree of operating leverage:Degree of operating leverage (DOL) is a measurement of how much the income of an enterprise changes when sales rise or decrease. DOL is equal to Contribution Margin / Net Income. In the above question, contribution margin is $65, fixed costs $80,000, and the income tax rate is not given, so we can’t calculate the net income. Thus, we can’t find the Degree of Operating Leverage. Therefore, the answer is not possible to calculate.
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a corporation recieved its charter and began business this year the company is authorized to issue 50,000 shares of 80 par, 7 noncumulative nonparticipating preferred stock and 500,000 shares of 7 par value common stock. the following selected transactions occured during this year
Here are the journal entries to record the transactions:
The Journal EntriesApril 5
Cash 26,000
Preferred Stock 25,000
Paid-in Capital in Excess of Par Value - Preferred Stock 1,000
Issued 250 shares of preferred stock for $104 per share.
June 15
Legal Services Expense 15,000
Common Stock 7,500
Paid-in Capital in Excess of Par Value - Common Stock 7,500
Exchanged 750 shares of common stock for $15,000 in legal services.
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The Complete Question
A Corporation Received Its Charter And Began Business This Year. The Company Isauthorized To Issue 50,000 Shares Of $100 Par, 10%, Noncumulative, Nonparticipatingpreferred Stock, And 500,000 Shares Of No-Par Common Stock. The Following Selectedtransactions Occurred During This Year:Apr 5 Issued 250 Shares Of Preferred Stook For $104 Cash Per
A corporation received its charter and began business this year. The company is
authorized to issue 50,000 shares of $100 par, 10%, noncumulative, nonparticipating
preferred stock, and 500,000 shares of no-par common stock. The following selected
transactions occurred during this year:
Apr 5 Issued 250 shares of preferred stook for $104 cash per shares
June 15 Exchanged 750 shares of common stock for $15,000 in legal services incurred in the organization of the company.
Prepare journal entries to record these transactions.
In the United States today, nearly _________ of the population has attained a college degree.(30 percent)
Attaining a college degree usually involves completing a program of study at a college or university and earning a bachelor's degree. However, it's important to note that there are different levels of college degrees, including associate degrees, bachelor's degrees, master's degrees, and doctoral degrees.
Having a college degree can open up various opportunities for individuals. It can enhance their job prospects, increase earning potential, and provide them with a solid foundation of knowledge in their chosen field of study. College degrees are often seen as a measure of educational attainment and can be important for certain careers that require specialized knowledge and skills.
It's worth mentioning that the percentage of the population with college degrees may vary depending on factors such as age, socioeconomic status, and geographical location. Additionally, this figure is subject to change over time as more individuals pursue higher education.Overall, the statistic of nearly 30 percent of the population having a college degree provides insight into the educational landscape of the United States and highlights the importance of higher education in the country.
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Nearly 30 percent of the population in the United States has attained a college degree. This means that out of every 100 people, around 30 hold a college degree.
In the United States today, nearly 30 percent of the population has attained a college degree. This means that approximately 30 out of every 100 people in the country hold a college degree.
Attaining a college degree is an important achievement as it can provide individuals with valuable skills and knowledge that can enhance their career opportunities and earning potential. It can also open doors to higher-level positions and professions that require advanced education.
To understand the significance of this percentage, let's consider a hypothetical scenario with a population of 100 people. According to the given statistic, approximately 30 of these individuals would have a college degree.
It is important to note that the percentage of individuals with a college degree can vary across different regions, age groups, and demographic factors. Factors such as income level, access to education, and cultural norms can influence the attainment of college degrees.
In conclusion, nearly 30 percent of the population in the United States has attained a college degree. This means that out of every 100 people, around 30 hold a college degree. Attaining a college degree can have numerous benefits, including improved career prospects and increased earning potential.
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Which of the following businesses and activities enjoys an implied exemption from antitrust laws?
A.
agricultural cooperativesB.
railroads
C.labor unions
D.airlinesAccording to the Sarbanes-Oxley Act, in order to audit a public company, ________.
A.a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB)B.
he law of accountant-client privilege must be adopted by the state legislature in the state where the audit is to occurC.
only public accountants may serve on the audit committeeD.
all public accounting firms must assign an accountant who works closely with one client over an extended period of time
An offering statement requires less disclosure than a registration statement and is less costly to prepare.
Question content area bottom
Part 1
True
False
Agricultural cooperative enjoys an implied exemption from antitrust laws.
According to the Sarbanes-Oxley Act, in order to audit a public company, a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB). Option A is the answer.
It is true that an offering statement requires less disclosure than a registration statement and is less costly to prepare. The answer is True.
What are agricultural cooperatives?Agricultural cooperatives are considered exempt from antitrust laws under the Capper-Volstead Act of 1922. This law gives privilege to farmers to jointly process, market, and sell their farm produce.
The PCAOB was established by the Sarbanes-Oxley Act to oversee the audits of public companies in order to protect investors and the public interest. This act requires public accounting firms that audit public companies to register with the PCAOB and are subject to inspection, investigation, and disciplinary action by the PCAOB. .
The offering statement allows companies to raise up to $75 million from the public in a 12-month period. The offering statement is filed with the Securities and Exchange Commission (SEC) and is subject to review and qualification by the SEC.
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Rhys Carter would like to invest some money into a new business venture. To invest in this business, he will need to cough up R115000 by the end of the week. Unfortunately, he does not have R115000 available for investment, so will need to get a loan for the investment. Luckily, Bank of Dad has agreed to give him an interest-free loan provided he starts sleeping through the night and stops keeping his dad up all night. Before giving this loan, Rhys' dad would like to discuss the feasibility of the investment. Once invested in the business, Rhys expects to receive a payment of R30000 yearly for the next 5 years (at the end of each year). a) Calculate the value of Rhys' future income stream in the current period if the current interest rate in the economy is 10%. [4] b) Given the loan size, should Rhys take advantage of the investment opportunity? [2] c) Now suppose the interest rate in the economy changes to 8%. Would this have an impact on his investment decision? [4] Question 2 (20 Marks) Stella's endowment for the current period is R100000, and she expects to receive R140000 in the next period. If she can invest her money and borrow from the bank at an interest rate of 10%, answer the following questions. a) What is the most she can consume in the current period? [2] b) What is the most she can consume in the next period? [2] c) Graph her feasibility frontier for the set interest rate. [5] d) If she would like to smooth her consumption perfectly across both periods, how much can she consume in each period? e) Suppose the economy in which Stella lives is currently facing excess demand-deficient unemployment. The reserve bank approaches you for advice on what they could do to combat this issue. With your knowledge of unit 10 of the Core textbook, what would you recommend they do to stimulate employment? [2] f) Graph the impact of this change on Stella's feasibility frontier
The value of Rhys' future income stream in the current period if the current interest rate in the economy is 10% can be calculated using the formula of present value of an annuity.
the payment is an annuity since it is received at the end of each year for 5 years.
Present Value = Payment × (1 - 1/(1+r)n) / r Present Value
= 30000 × (1 - 1/(1+0.10)5) / 0.10
= R 115,223.18
The loan size Rhys received from his dad is R 115,000. Since Rhys is receiving R 115,223.18 from the business, it would be profitable to take advantage of this investment opportunity and take the loan size.
If the interest rate in the economy changes to 8%, the present value of the income stream would change since it is inversely proportional to the interest rate.
Present Value = Payment × (1 - 1/(1+r)n) / r Present Value = 30000 × (1 - 1/(1+0.08)5) / 0.08= R 130,128.02
As we can see, the present value has increased, making it more profitable to take advantage of the investment opportunity.
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Please help..
Two years ago, Bethesda Corporation bought a delivery truck for $30,000 (not subject to the luxury auto depreciation limits). Bethesda used MACRS 200 percent declining balance and the half-year convention to recover the cost of the truck, but it did not elect §179 expensing and opted out of bonus depreciation. Answer the questions for the following alternative scenarios. Use MACRS Table. (Do not round percentages used for calculations. Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)
Required:
Assume that Bethesda claimed $18,500 of depreciation expense on the truck before it sold it in year 3. What are the amount and character of the gain or loss if Bethesda sold the truck in year 3 for $35,000 and incurred $3,000 of selling expenses on the sale?
Recognized Gain/(Loss) $
Character of recognized gain/(loss) $
Ordinary gain/(loss) $
§1231 gain/(loss) $
Table 1 MACRS Half-Year Convention
Depreciation Rate for Recovery Period
3-Year 5-Year 7-Year 10-Year 15-Year 20-Year
Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750%
Year 2 44.45 32.00 24.49 18.00 9.50 7.219
Year 3 14.81 19.20 17.49 14.40 8.55 6.677
Year 4 7.41 11.52 12.49 11.52 7.70 6.177
Year 5 11.52 8.93 9.22 6.93 5.713
Year 6 5.76 8.92 7.37 6.23 5.285
Year 7 8.93 6.55 5.90 4.888
Year 8 4.46 6.55 5.90 4.522
Year 9 6.56 5.91 4.462
Year 10 6.55 5.90 4.461
Year 11 3.28 5.91 4.462
Year 12 5.90 4.461
Year 13 5.91 4.462
Year 14 5.90 4.461
Year 15 5.91 4.462
Year 16 2.95 4.461
Year 17 4.462
Year 18 4.461
Year 19 4.462
Year 20 4.461
Year 21 2.231
Given Information Bethesda Corporation bought a delivery truck for $30,000. Bethesda used MACRS 200 percent declining balance and the half-year convention to recover the cost of the truck, but it did not elect §179 expensing and opted out of bonus depreciation.
There is no §1231 gain, since the property was not used in a trade or business. There is no §1245 gain, since no portion of the gain is attributable to depreciation recapture. Therefore, the entire recognized gain of $20,500 is an ordinary gain.
Thus, the character of recognized gain/(loss) = Ordinary gain/(loss).§1231 gain/(loss):
$0 As no §1231 gain/(loss) was recognized, its value is $0. Conclusion Therefore, the Recognized Gain/(Loss) is $20,500, the character of recognized gain/(loss) is ordinary gain/(loss) and the §1231 gain/(loss) is $0.
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Explain how the ratings process for municipalities interested in securing financing and co-financing for own or co-developed renewable energy power plants with independent producers or small and embedded power producers would work, and evaluate the risks and viability of this industry structure where municipalities replace Electricity company in the developer and power purchase agreements?
The ratings process evaluates municipalities' creditworthiness and capabilities. Replacing electricity providers in agreements offers benefits but also carries risks. Proper risk assessment and strong contracts are crucial for viability.
The creditworthiness and capabilities of towns seeking finance and co-funding for renewable energy power plants are assessed as part of the ratings process. Municipalities would need to go through a thorough evaluation, taking into account things like their financial situation, ability to take on debt, governance procedures, and project management experience.
In developer and power purchase agreements, switching out electricity providers can have benefits like local control and potential cost savings. It also brings risks, though. Municipalities may lack knowledge of energy markets and project development, which could result in operational difficulties, cost overruns, and delays. Furthermore, taking on debt could put a strain on municipal finances and subject them to market swings. For this industry to remain viable, proper risk analysis, capacity building, and strong contractual agreements are essential.
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Roger contracts to paint Mrs. White's house for $500. Afterwards Roger informs Mrs. White that he has won the lottery and does not intend to ever pick up a paintbrush again. Mrs. White then hires David to paint the house for $750 and sues Roger for the increased cost ($250) of hiring David to paint her house. Mrs. White is seeking:
Group of answer choices
A. loss in value damages (compensatory)
B. consequential damages
C. punitive damages
D. liquidated damages
Kim and Jeff went to college together at E.O.U. Kim moves to Portland after graduation and Jeff remains in La Grande. Kim starts a successful business and during a telephone conference tells Jeff that she is shorthanded and would pay him union scale if he came to work for her. Jeff quits his job in La Grande, rents a U-Haul and moves to Portland. However, when he shows up at Kim's office, she informs him that she just lost a major customer and cannot hire any new employees at present. Jeff sues to enforce their agreement. A court will most likely hold that the agreement:
Group of answer choices
A. was unenforceable because of the parole evidence rule.
B. was unenforceable because it was not put into writing.
C. was enforceable under the U.C.C.
D. was enforceable based on promissory estoppel.
Answer: Mrs. White is seeking consequential damages. In the given case, Roger contracts to paint Mrs. White's house for $500. However, Roger informs Mrs. White that he has won the lottery and does not intend to ever pick up a paintbrush again.
Then Mrs. White hires David to paint the house for $750 and sues Roger for the increased cost ($250) of hiring David to paint her house. Consequential damages are damages that are awarded to compensate for damages that have resulted from an action.
They are often called special damages because they are unique to each situation. In this case, Mrs. White incurred damages as a direct result of Roger's breach of the painting contract. Therefore, Mrs. White is seeking consequential damages.
Further Explanation: The contract is the agreement between two parties to do something in exchange for something else. It is a legally binding agreement, and if either party breaches the contract, the other party may be entitled to damages.
Damages are the legal remedy for a breach of contract, and they are designed to put the non-breaching party in the position they would have been in if the contract had been performed. There are several types of damages that may be awarded for a breach of contract.
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8. The can can be used to estimate the cost of equity, on the assumption that the market value of shares is directly related to the expected future dividends on the shares. (a) Beta factor (b) Dividend growth rate (c) Dividend growth model (d) Capital asset pricing model
The method that can be used to estimate the cost of equity, under the assumption that the market value of shares is directly related to the expected future dividends on the shares is the dividend growth model. The dividend growth model is used to estimate the intrinsic value of a share of stock, where the price of a share is determined by its expected future dividends.
The formula is as follows:
Price of share of stock = Dividend for next year / (Cost of equity - Dividend growth rate)
The cost of equity refers to the required return for a company’s shareholders. The dividend growth rate is the rate at which a company is expected to grow its dividends in the future. When using the dividend growth model, the expected future dividends are discounted back to the present value using the required return or cost of equity.
Accordingly, option (c) "Dividend growth model" is the correct option.
The method that can be used to estimate the cost of equity, under the assumption that the market value of shares is directly related to the expected future dividends on the shares is the dividend growth model.
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