Answer:
Brodrick Company
Flexible Budget Performance Report for the year ended December 31
Flexible Actual Variance
Budget Budget
Sales unit 21,000 26,900 5,900 units F
Sales revenue $645,600 $595,600 $50,000 U
Variable costs 80,700 114,000 33,300 U
Fixed costs 141,000 133,000 8,000 F
Total costs $221,700 $247,000 $25,300 U
Profit $423,900 $348,600 $75,300 U
Explanation:
a) Data and Calculations:
Flexible Budget for 21,000 units
Sales revenue = $504,000
Variable cost = $63,000
Fixed costs = $141,000
Flexing the budget with 26,900 units:
Sales revenue = $645,600 ($504,000/21,000 * 26,900)
Variable costs = $80,700 ($63,000/21,000 * 26,900)
Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity
Answer:
10%
Explanation:
Calculation to determine the yield to maturity
Using financial calculator
FV= 1,000
N=2*8= 16
PMT=$1,000(0.05)/2 =$25 semiannual
PV -$729.05
I/Y = 5% semiannual
YTM=?
Hence,
YTM=10% YTM
Therefore the yield to maturity is 10%
Theo UCP600, thuật ngữ "about" cho phép số lượng hàng hóa có dung sai là
Answer:
english pls and i will help u if u send a clear one
Explanation:
Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percent markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffiliates. Required: a. What amount of sales will be reported in the consolidated income statement for 20X8
Answer: $790,000
Explanation:
The amount of sales that should be recorded in the consolidated statement is the total sales of each company less the sales of each company to each other.
Consolidated sales = (660,000 + 510,000) - (140,000 + 240,000)
= 1,170,000 - 380,000
= $790,000
A company had revenue of $250,000, rent expense of $10,000, utility expense of $3,500, salary expense of $18,500, depreciation expense of $9,000, advertising expense of $4,500, dividends in the amount of $18,000, and a beginning balance in retained earnings of $17,900. What is the amount in the income summary account before it is closed for the period
Answer: $204,500
Explanation:
The amount in the income summary account before it is closed for the period will be calculated thus:
Revenue = $250,000
Less: Rent expense = $10,000
Less: Utility expense = $3,500
Less: Salary expense = $18,500
Less: Depreciation expense = $9,000
Less: Advertising expense = $4,500
Amount in Income summary account = $204,500
Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch: Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank. What is the cost per driver unit for the loan application activity
Answer:
Dallas National Bank
The cost per driver unit for the loan application activity is:
= $30
Explanation:
a) Data and Calculations:
Activities Traceable Costs Physical flow
of Driver Units Rate
Open new accounts $50,000 1,000 accounts $50
Process deposits 36,000 400,000 deposits $0.09
Process withdrawals 15,000 200,000 withdrawals $0.075
Process loan applications 27,000 900 applications $30
Memorial University
New accounts 200 400
Deposits 40,000 20,000
Withdrawals 15,000 18,000
Loan applications 100 160
If policy makers want to decrease real GDP by $100 billion and the marginal propensity to consume is 0.6, they should _____ government purchases of goods and services by _____.
a. decrease; $100 billion
b. decrease; $60 billion
c. decrease; $40 billion
d. increase; $100 billion
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them evaluate the firm's fulfillment of its basic objectives.
a. True
b. False
Your parents have accumulated a $130,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $28,000 to help her get started, and they have decided to take year-end vacations costing $11,000 per year for the next four years. Use 8 percent as the appropriate interest rate throughout this problem. Use Appendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. How much money will your parents have at the end of four years to help you with graduate school, which you will start then?
b. You plan to work on a master’s and perhaps a PhD. If graduate school costs $27,700 per year, approximately how long will you be able to stay in school based on these funds? (Round your final answer to 2 decimal places.)
HNT is an all-equity firm with a beta of .88. What will the firm's equity beta be if the firm switches to a debt-equity ratio of .35
Answer:
the firm equity beta is 1.188
Explanation:
The computation of the firm equity beta is as follows:
In the case when the firm switches to a debt-equity ratio is 0.35,
So, the proportion of equity in total capital structure is
= 100 ÷ 135
= 0.741
Now The equity beta is
= 0.88 ÷ 0.741
= 1.188
Hence, the firm equity beta is 1.188
cho vay thương mại và cho vay tài chính khác nhau ở chổ nào?
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the _______ of the asymmetric information demand curve, and consumers will purchase ________ than what they really would have purchased.
Answer:
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the ___left____ of the asymmetric information demand curve, and consumers will purchase ___more_____ than what they really would have purchased.
Explanation:
The existence of asymmetric information implies that one party in a business transaction possesses information that the other party lacks. This causes the market to fail because the correct price for the product or service cannot be set based on the forces of supply and demand. If consumers have full information, their demand curve will be skewed to the left, meaning that less of the product will be demanded.
A list of financial statement items for Sunland Company includes the following: accounts receivable $19,600; prepaid insurance $3,640; cash $14,560; supplies $5,320; and debt investments (short-term) $11,480.
Required:
Prepare the current assets section of the balance sheet listing the items in the proper sequence.
Answer:
See below
Explanation:
Preparation of current asset section in the balance sheet
Cash
$14,560
Supplies
$5,320
Prepaid insurance
$3,640
Account receivables
$19,600
Total current asset
$43,120
When creating a budget, you need to account for fixed expenses. What is an example of a fixed expense?
Ο Α. .
utility payments
OB.
rent
Ос.
entertainment
OD
car repairs
Answer:
B) Rent
Explanation:
Expenses that do not change from month to month are fixed. Expenses that can fluctuate from month to month are variable.
Rent is usually based on agreement where the lease says the specific fixed amount to be paid each month. The rest of the expenses listed such as utility bills, entertainment, and car repairs can vary based on how much light you use, how many nights you go out for drinks or how many fixes your car needs...
When creating a budget, you need to account for fixed expenses. Rent is an example of a fixed expense. The correct option is B. Regardless of production output, fixed costs remain the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.
Why is rent expense a debit?Rent expense is an example of an expense, so it is a debit in accounting. Due to the fact that a debit entry is used to journalize the increase in the account's value, all expenses are considered debit accounts under debit and credit rules.
Car payments, rent or mortgage payments, insurance premiums, and property taxes are examples of common fixed expenses. These costs are typically difficult to change. They are paid regularly and typically remain the same, so they are advantageously simple to budget for.
Thus, the ideal selection is option B.
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In the year 2003 the Acme Company had twice as many employees as managers. During the next 5 years, they hired twelve employees and fired two managers. Which of the following equations is correct for the number of managers?
A. NM2008 + 2 = 2 (NE2008 - 12).B. NM2008 - 2 = 2 (NE2008 + 12).C. 2 (NM2008 + 2) = NE2008 - 12.
D. 2 (NM2008 - 2) = NE2008 + 12.E. I can't eliminate any choices.
Answer:
B. NM2008 - 2 = 2 (NE2008 + 12)
Explanation:
Acme company has twice as many employees as managers so the number of employees would be multiplied by 2 to find the actual number of employees. The company will hire 12 new employees and will fire 2 managers in next 5 years. The correct equation will show the number of employees plus 12 new employees and managers minus 2 managers who are fired.
. Problems and Applications Q4 Many observers believe that the levels of pollution in our society are too high. True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. True False Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions
Answer:
If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. FALSE.
If society wishes to reduce pollution then the companies that are more efficient at reducing pollution should be the ones that reduce more. In other words, the companies that incur less cost when reducing pollution should reduce more pollution and those that incur more cost should reduce less.
Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions?
b. Command-and-control approaches often rely on uniform reductions among firms.
c. There is no incentive to reduce pollution beyond the mandated amount.
Command and control approaches usually use uniform reductions across firms so the firms that need to reduce more pollution are not targeted and end up reducing the same amount of pollution as others.
This problem can be surmounted by offering incentives to the companies that should reduce more pollution so that they reduce more than they are meant to but since no incentives are offered, these companies simply reduce what they are told to reduce and nothing more.
If sales increase from $460,000 to $520,260, and if the degree of operating leverage is 6.60, net operating income should increase by: (Do not round your intermediate calculations and round your final answer to 2 decimal places.)
Answer: $397,716
Explanation:
Degree of Operating Leverage = Change in Net Operating Income/ Change in Sales
6.60 = Change in Net Operating Income / (520,260 - 460,000)
(520,260 - 460,000) * 6.60 = Change in Net Operating Income
Change in Net Operating Income = 62,260 * 6.60
Change in Net Operating Income = $397,716
Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
Answer: 5
Explanation:
The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.
From the information given in the question, the velocity of circulation will be:
= Nominal GDP / Quantity of money
= $2000 / $400
= 5
Therefore, the velocity of circulation is 5.
g For a monopolist, marginal revenue is less than price because Group of answer choices the monopolist must lower price on all units sold and not just on the last unit sold. the demand curve is inelastic. the monopolist must lower price on the last unit sold in order to sell it. marginal revenue is always less than price, just as in the model of perfect competition.
Answer:
the monopolist must lower price on all units sold and not just on the last unit sold.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service. Graphically, a change in the value of the total revenue curve at a given point gives the marginal revenue.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
For a monopolist, the marginal revenue (MR) of a product or service is less than price because the monopolist must lower price on all of the units sold rather than lowering price on the last unit sold only.
Hence, the lower price applies to all units sold by a monopolist.
The negative impact of the Corona virus as one of the socio economic issues on businesses
Answer:
A socio-economic impact of this pandemic of coronavirus is that it threatens the life and economy of every country worldwide, causing increased poverty and widespread inequalities.
Explanation:
It is a pandemic disease, which spreads from person to person, based on available information. It is, therefore, necessary to avoid collection, to stay as home as possible, to practice distancing from society, to wear a mask, to use sanitizing agents, and to comply with local authorities until specific vaccines or drugs are available.
Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250. This includes a brokerage commission of $1,250. The journal entry to record this investment includes a debit to
Answer: Debt investment for $61250
Explanation:
Since we are given the information that Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250, the journal entry to record this investment will be:
Dr Debt investment $61250
Cr Cash $61250
Therefore, the journal entry to record this investment includes a debit to Debt investment for $61250
The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3600 units, the actual direct labor cost was $74400 for 4800 direct labor hours worked, the total direct labor variance is $3600 unfavorable. $6600 unfavorable. $1800 unfavorable. $6600 favorable.
Answer:
See below
Explanation:
Given the above information, the total direct labor variance is computed as;
Total direct labor variance = Standard cost - Actual cost
Standard cost = 3,600 units × 1.5 × $15 = $81,000
Actual cost = $74,400
Total direct labor variance = $81,000 - $74,400
Total direct labor variance = $6,600 Favourable
The area of accounting aimed at serving the decision-making needs of internal users is: Group of answer choices External auditing. SEC reporting. Managerial accounting. Financial accounting.
Answer:
Managerial accounting
Explanation:
Managerial accounting can be regarded as accounting practice involving identification as well as measurement and interpretation of financial information and communication of it to managers so that it can be used to achieve organization's goals. It should be noted that the The area of accounting aimed at serving the decision-making needs of internal users is Managerial accounting
In the business cycle, which term best fits the labeled point on the graph?
A. Trough
B. Contraction
C. Peak
D. Expansion
Answer:A. Trough
Explanation:
In the business cycle, the term that best fits the labelled point on the graph is called the trough. The correct option is a.
What is a trough?A trough, in economic terms, can refer to a stage in the business cycle where activity is bottoming, or where prices are bottoming, before a rise. The business cycle is the upward and downward movement of gross domestic product and consists of recessions and expansions that end in peaks and troughs.
A trough is marked by conditions like higher unemployment, layoffs, declining business sales and earnings, and lower credit availability. After the trough, recovery and expansion begin. The actual trough can only be identified in hindsight. The business cycle moves in five phases: expansion, peak, contraction, trough, and recovery. The trough is the bottoming process of moving from contraction, or declining business activity, to recovery, which is increasing business activity.
Economists use several metrics to track the economic cycle throughout its various phases.
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What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
Answer:
17.10 times
Explanation:
Complete word "Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"
EBIT = Net Income + Interest expenses + Income tax expense
EBIT = $42,000 + $3,000 + $6,300
EBIT = $51,300
Times Interest Earned Ratio = EBIT / Interest Expenses
Times Interest Earned Ratio = $51,300 / $3,000
Times Interest Earned Ratio = 17.10 times.
Imagine in a particular country several major financial institutions fail within a relatively short timeframe, and the country's leader announces a massive federal government bailout is needed to avoid an economic collapse. During this period, uncertainty on the part of business leaders and consumers would be reasonably expected to increase for a while. What impact could this increase in uncertainty have on interest rates as described in the instructor's presentation
Answer:
If decrease in demand for loanable funds was less than decrease in supply then interest rate will increase.
Explanation:
In the case when there is an increase in the uncertainity so the impact should be that it reduced the demand for the loanable fund and that should be less than the reduction in the supply due to this there should be the rise in the rate of the interest. Also we cant estimated the rate of interest whether it is increased or not but as per the theory of supply and demand if supply decreased more than the demand so the rate of interest should increased
Diego is a salesperson who has been in charge of the Homer Manufacturing account for years. He handles all of Homer's orders and quickly resolves any issues that may come up. On occasion, Diego takes some of the company employees out to dinner and has even given them tickets to local sporting events. Diego is involved in
Answer: b. relationship selling
Explanation:
Relationship selling refers to a process by which a relationship is built between customers and salespersons. This works when the salesperson takes an active interest in the life of the customer such that they feel satisfaction.
Diego is a salesperson who sells to Homer Manufacturing. In taking employees of the company out and even giving them gifts, he is building a relationship with them and being involved in their personal life. This is therefore relationship building.
On January 1, 2013, Jones Inc. issued a $100,000 face value bond for proceeds of $97,654. On June 30, 2013, Jones sent checks to the bondholders for the first coupon payment on the bond. Which of the following items would be increased by the coupon payment transaction?
a. Interest Expenseb. Bonds Payablec. Cash from Operating Activitiesd. Cash from Financing Activitiese. Cash from Investing Activities
Answer:
a. Interest Expense
Explanation:
Only the Interest Expense would be increased by the coupon payment transaction.
Coupon payment includes interest payment and repayment of the Principle or Capital amount.
The entry for coupon payment is :'
Debit : Interest expense
Debit : Bond Payable
Credit : Cash
While the Cash- Asset and the Bond Payable- Liability are decreasing, only the Interest expense is increasing.
Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses). Do not abbreviate any answers.
Inventory______ Retained Earnings________
Dividends______Cost of Goods Sold________
Utilities Payable_______ Service Revenue_______
Accounts Payable______ Rent Expense_________
Answer:
bro ask Ur teacher lol
lull
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Answer: inventory is asset,retained earning is revenue,dividend is expense,cost of good sold is expense,utilities payable is liability,service revenue is revenue,accout payable is liability,rent expense is expense
Explanation:
jose 25 kg is father is 5 kg less than 3 times jose's weight what is the weight of jose father
Answer:
Jose's father weighs 70 kilos.
Explanation:
Given that Jose weighs 25 kilograms, while his father is 5 kilograms less than 3 times Jose's weight, to determine what is the weight of Jose father the following calculation must be performed:
Jose = 25
Father = (25 x 3) - 5
Father = 75 - 5
Father = 70
Therefore, Jose's father weighs 70 kilos.
On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On March 31, 2013, Pennington prepared its 10-Q and marked the securities down to their market value of $85,000. On April 4, 2013, Pennington sold the securities for $93,000 cash. Which of the following items would be increased by the sale of the marketable securities?
a. Cash from Financing Activities
b. Net Income
c. Marketable Securities
d. Accumulated Other Comprehensive Income
e. Cash from Investing Activities
Answer:
b. Net Income
e. Cash from Investing Activities
Explanation:
Calculation to determine Which of the following items would be increased by the sale of the marketable securities
Using this formula
Gain from investment = Selling price of the security - Value of the security
Let plug in the formula
Gain from investment= $93,000 - $85,000
Gain from investment= $8,000
Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.
Therefore the items that would be increased by the sale of the marketable securities are :
b. Net Income
e. Cash from Investing Activities