Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $390,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 28.00 per pound 14,600 pounds B $ 22.00 per pound 22,700 pounds C $ 34.00 per gallon 5,800 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Product Additional Processing Costs Selling Price A $ 91,990 $ 33.90 per pound B $ 133,305 $ 28.90 per pound C $ 62,660 $ 42.90 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point

Answers

Answer 1

Answer:

                                                                  Product A   Product B  Product C

Sales value after further processing       $494,940   $656,030   $248,820

(14,600*$33.90), (22,700*$28.90),

(5,800*$42.90)

Costs of further processing                      $91,990     $133,305    $62,660

Benefits of further processing                 $402,950   $522,725   $186,160

Less: Sales value at split-off point           $408,800   $499,400   $197,200

(14,600*$28.00), (22,700*$22.00),

(5,800*$34.00)

Net advantage / (Disadvantage)            $(5,850)     $23,325      $(11,040)


Related Questions

You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 7% annual interest. The client wants to deposit an amount that will provide her with $1,005,500 when she retires. Currently, she has $302,200 in the account. How much additional money should she deposit now to provide her with $1,005,500 when she retires?

Answers

Answer:

$283,005

Explanation:

The computation of the additional money that she deposited now is shown below:

As we know that

Future value = P × FV (7%, 8 Years)

Here

Future value = $1,005,500,

P represent the deposited amount

and FV (7%, 8 Years) is the future value (FV) of $1 at 7% for 8 years. Its value is to be determined from future value table.

From the table, the value of FV (7%, 8 years) is 1.7182.

Now

$1,005,500 = P × 1.7182

P = $1005500 × 1.7182

P = $585205

Now

The Additional deposit amount is

= $585,205 - $302,200

= $283,005

If the cost method is used to account for a long-term investment in common stock:____.
a. it is presumed that the investor has significant influence on the investee.
b. the earning of net income by the investee is considered a proper basis for recognition of income by the investor.
c. net income of the investee is not considered earned by the investor until dividends are declared by the investee.
d. the Investment account may be, at times, greater than the acquisition cost.

Answers

Answer:

net income of the investee is not considered earned by the investor until dividends are declared by the investee

Explanation:

Cost method can be regarded as

a method that is utilized when the influence of the investor over the investment that which he owns is just little or no influence , this could be typically described as owning less than 20% of the company. The investment will be recorded in the asset section of the balance sheet at historical cost. When an investment is made by an investing entity and the investment is having following two criteria, then the investment can be accounted for by the investor using the cost method.

Those criteria are;

1) There is no substantial influence by the investor over the investee.

2)There is no easily determinable fair value for the investment.

This cost method is best method when making a passive as well as long-term investment which doesn't result to influence over the company.

It should be noted that If the cost method is used to account for a long-term investment in common stock, then net income of the investee is not considered earned by the investor until dividends are declared by the investee

What is most likely to push the price of a company's stock higher?
A. An increase in demand for the company's products
B. An increase in demand for the company's stock
C. An increase in tariffs paid by the company's competitors
O
D. An increase in the exchange rate for the U.S. dollar

Answers

Answer:

b.

Explanation:

The correct answer is option B. An increase in demand for the company's stock.

What is most likely to push the price of a company's stock higher?

Confidence in the stock market can also push up demand and prices for individual stocks. If investors believe that stocks are a good investment, either because valuations are attractive or because the stock market has been trending upwards, an increase in demand for stocks can push up prices across the board.

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The Paint Supply Store franchise sells an average of 52 gallons of Yellow Paint every week (for 52 weeks per year, Standard Deviation of the Demand = 6 gallons). They purchase Yellow Paint from their supplier at a price of $3.00 per gallon. It takes 1.75 weeks to receive an order from the supplier. Administrative costs for Ordering paint have been estimated to be $25 per order. Holding Costs = 30% of the purchase price per gallon per year. How much Safety Stock should the company hold to have a Service Level of 99.0%?

Answers

Answer: 18.49

Explanation:

The amount of safety stock that the company should hold to have a Service Level of 99.0% will be calculated thus:

The following information can be depicted from the question:

Service level = 99%, corresponding z value = 2.33

Lead time = 1.75

Standard deviation = 6

Safety stock will now be:

= Z × ✓L × SD

where

Z = z value = 2.33

L = lead time = 1.75

SD = standard deviation = 6

Therefore, safety stock will be:

= Z × ✓L × SD

= 2.33 × ✓1.75 × 6

= 2.33 × 1.3229 × 6

= 18.49

The following chart represents the cost of producing different amounts of pizza pies in an hour. Quantity of Output1020405070 Workers (L) 2.253.004.105.506.75 Wage Rate per hour$35.00$35.00 $35.00$35.00$35.00 Calculate the cost of producing 40 pizza pies. Round your answer to the nearest hundredths place.

Answers

Answer:

the cost would be $143.50

Explanation:

The computation of the cost of producing 40 pizza pies is shown below:

Cost = no of workers × wage rate per hour

= 4.10 × $35

= $143.50

We simply  multiplied the number of workers with the wage rate per hour so that the cost of generating 40 pizza pies could come

hence, the cost would be $143.50

The same would be considered

Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently selling for $22.35 per share, and it is expected to pay a dividend of $2.78 at the end of next year. Flotation costs will represent 8% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25%. What will be the WACC for this project

Answers

Answer:

The WACC for this project is 22.72%.

Explanation:

P = common stock current selling price per share = $22.35

D1 = Expected dividend next year = $2.78

F = Floating cost = 8%, or 0.08

g = growth rate = 9.2%, or 0.092

t = tax rate = 0.25

r = Ke = cost of equity

The cost of equity can be calculated using the dividend grow model with the consideration of the effect of the issuance or floating cost that reduces cash collected as follows:

P(1 – F) = D1 / (r – g) ….................... (1)

Substituting the relevant value into equation (1) and solve r as follows:

22.35(1 – 0.08) = 2.78 / (r – 0.092)

22.35 * 0.92 = 2.78 / (r – 0.092)

20.562 = 2.78 / (r – 0.092)

20.562 (r – 0.092) = 2.78

20.562r - 1.891704 = 2.78

20.562r  = 2.78 + 1.891704

20.562r = 4.671704

r = 4.671704 / 20.562

r = 0.2272, or 22.72%

Since there is no information that shows there is a debt, this implies that WACC is equal to the cost of equity. Therefore, we have:

WACC = r = Ke = 22.72

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Pop Hop Advertise Doesn't Advertise Fizzo Advertise 8, 8 15, 2 Doesn't Advertise 2, 15 11, 11 For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $15 million, and Pop Hop will make a profit of $2 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms. If Fizzo decides to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Fizzo decides not to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Pop Hop advertises, Fizzo makes a higher profit if it chooses . If Pop Hop doesn't advertise, Fizzo makes a higher profit if it chooses . Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing

Answers

Answer: See explanation

Explanation:

A pay off matrix has been attached.

If Fizzo decides to advertise, it will earn a profit of ($8 million) if Pop Hop advertises and a profit of ($15 million) if Pop Hop does not advertise.

If Fizzo decides not to advertise, then, it will earn a profit of ($2 million) if Pop Hop advertises and on the other hand, a profit of ($11 million) if Pop Hop does not advertise.

If Pop Hop advertises, then Fizzo makes a higher profit if it chooses (to advertise). On the other hand, if Pop Hop doesn't advertise, then Fizzo will make higher profit if it chooses (to advertise).

In a scenario whereby the firms act independently, the strategies that they will choose is that that both of the firms will prefer and choose to advertise.

Can I get help on this job application please ?

Answers

Answer:

The answer is below.

Explanation:

Most likely to do:

"Ask your store Manager if you can hold the markdown price for them so they can get it for the same price when it is back in store."

Doing the above will ensure you retain the customer's trust, and while you didn't direct your customer to a competitor, which is detrimental.

Least Likely to do:

"Offer to provide the address and phone number for the nearest store, and explain that stores get frequent shipments with new items."

Doing the above is detrimental to your store, as you will be sending your customers to a direct competitor.

What is meant when a company is going through the "refreeze"

Answers

Answer:

Refreezing is the process of fixing these new ideas into the minds of the employees and managers so that they form the new set of beliefs, values, and norms of the organization.

Badgersize Company has the following information for its Forming Department for the month of August.

Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete $80,000
Conversion: 20% complete 24,000
Balance in work in process, August 1 $104,000
Units started during August 54,000
Units completed and transferred in August 59,000
Work in process (70% complete), August 31 ?

Required:
a. Calculate the equivalent units for the Forming Department for the month of August.
b. Find the cost per equivalent unit of input resource.

Answers

Question Completion:

Costs incurred in August:

Direct materials $154,000

Conversion costs $264,000

Answer:

Badgersize Company

                                          Materials      Conversion

a. Equivalent units              74,000          69,500

b. Cost per equivalent unit $3.162          $4.144

Explanation:

a) Data and Calculations:

                                            Units      Materials      Conversion      Total

Beginning WIP inventory   20,000       100%              20%

Units started  August        54,000

Total units available          74,000

Transferred out                 59,000

Ending WIP inventory        15,000       100%                70%

Cost of beginning WIP                     $80,000          $24,000       $104,000

Costs incurred in August                 154,000          264,000          418,000

Total production costs                  $234,000        $288,000      $522,000

Equivalent unit             Units      Materials      Conversion

Units transferred out  59,000     59,000          59,000

Ending WIP inventory  15,000      15,000           10,500

Equivalent units                            74,000          69,500

Cost per equivalent unit

Total production costs           $234,000      $288,000

Equivalent units                          74,000          69,500

Cost per equivalent unit         $3.162              $4.144

Which of the following is an example of an employee benefit for which money is deducted from your paycheck?

Answer: B. Heath insurance

Answers

the answer is b, health insurance

As an example of an employee benefit, health insurance is one that is paid for out of your income. As a result, choice (B) is accurate.

One sort of insurance that covers all or a portion of the risk of a person needing medical care is health insurance, sometimes referred to as medical insurance or medical aid in South Africa.

Risk is divided among several people, much as other forms of insurance. An insurer can create a standard financial framework, such a monthly premium or payroll tax, to raise the funds necessary to pay for the medical benefits outlined in the insurance agreement by evaluating the income entire risk of health risks and health system expenditures across the risk pool.

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Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows.
Project Investment Annual income Life of project
22A $242,200 $16,890 6 years
23A $271,500 $20,710 9 years
24A $283,000 $15,700 7 years
Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Iggy Company uses the straight-line method of depreciation.
Required:
Determine the internal rate of return for each project.

Answers

Answer:

Depreciation amount has to be added back to the annual income because it is a non cash expense.

Project 22A

Depreciation = 242,000 / 6 years

= $40,333.33

Annual income = 40,333.33 + 16,890

= $57,223.33

IRR using Excel is:

= 11%

Project 23A

Annual income = 20,710 + 271,500 / 9 years

= $50,876.67

IRR = 12%

Project 24A

Annual income = 15,700 + 283,000 / 7 years

= $56,128.57

IRR = 9%

Note: Look at the formula bar to see how IRR was calculated.

The general ledger of ABC Corporation as of December 31, 2021, includes the following accounts: Copyrights $50,000 Deposits with advertising agency (will be used to promote goodwill) 30,000 Discount on bonds payable 70,000 Excess of cost over fair value of identifiable net assets of acquired 80,000 Trademarks 90,000 Equity Investments 100,000 Patents 20,000 In the preparation of ABC balance sheet as of December 31, 2021, what should be reported as total intangible assets

Answers

Answer:

$240,000

Explanation:

Calculation to determine what should be reported as total intangible assets

Using this formula

Total intangible assets=Copyrights+Excess of cost over fair value of identifiable net assets of acquired+Trademarks+Patents

Let Plug in the formula

Total intangible assets=$50,000 + $80,000 + $90,000 +$20,000

Total intangible assets=$240,000

Therefore The Amount that should be reported as total intangible assets is $240,000

On January 1, 2020, Indian river groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
Jan 1, 2020. $600,000
Sept 1, 2020. $1800,000
Dec 31, 2020 $1800,000
March 31,2021. $1800,000
Aug 31, 2021. $1200,000

Indian river groves borrowed $800,000 at 10% interest rate from a bank on Jan 1, 2020 specifically to finance this construction. In addition, it as has two other debt outstanding throughout the entire construction. A) $1500,000, 8%, 10 years bonds payable and B) $3,200,000, 10%, 5 years note payable. Fiscal year-end is Dec 31.

Instruction:

A. What are the weighted-average accumulated expenditures for 2020 and 2021, respectively?
B. How much interest should be capitalized in 2020? Show your calculation.

Answers

It would be march20th since the ones are completed and the other ones are

Suppose the risk-free rate of return is 3.5 percent and the market risk premium is
7 percent. Stock U, which has a beta coefficient equal to 0.9, is currently selling
for $28 per share. The company is expected to grow at a 4 percent rate forever,
and the most recent dividend paid to stockholders was $1.75 per share. Is Stock
U correctly priced? Explain.​

Answers

Answer:

kaya nyo po iyan

Explanation:

nice habbsjsxgjshsbvda

which skill is most important for a successful entrepreneur?

Answer: Tenacity

Answers

Answer:

Tenacity

Explanation:

Tenacity is a skill that is most important for a successful entrepreneur.

Tenacity skill is most important for a successful entrepreneur. The entrepreneur's main motive is to set up a business to generate employment.

The term “entrepreneur” refers to the person who launches a new business at their own risk and profit basis. The starting up of a new business with a new idea and logic is called entrepreneurship.

A vital quality of any successful person, and essentially the entire philosophy of great businesses, is tenacity. The tenacious mindset emphasizes persistence and work ethic above all else.

A successful entrepreneur needs to be able to sell, communicate, concentrate, learn, and strategize well. A fundamental entrepreneurial talent as well as a highly important life skill is the capacity for lifelong learning.

As a result, the significance of the most important for a successful entrepreneur are the aforementioned.

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A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sales charge from 7% to 6%. The customer deposits $15,000 into the fund over the next 13 months. At the end of 13 months, the NAV is $20,000. How much does the customer have to deposit to complete the LOI?
A. 0
B. $5,000
C. $10,000
D. $15,000

Answers

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Exercise 12-1 Payback Method [LO12-1] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 15,000 $ 1,000 2 $ 8,000 $ 2,000 3 $ 2,500 4 $ 4,000 5 $ 5,000 6 $ 6,000 7 $ 5,000 8 $ 4,000 9 $ 3,000 10 $ 2,000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in

Answers

Question Completion:

Requirement #2 would the payback period be affected if the cash inflow in the last year were several times as large

Answer:

Unter Corporation

1. Payback period of the investment is:

= 7 years.

2. No. The payback period would not be affected if the cash inflow in the last year were several times as large.  The payback period was reached in the 7th year, which is three years before the last year. No cash inflows after the 7th year will have any impact on the payback period.

Explanation:

a) Data and Calculations:

Cash flows:

Year  Investment  Cash Inflow

1       $ 15,000           $ 1,000

2       $ 8,000          $ 2,000

3                              $ 2,500    

4                              $ 4,000

5                              $ 5,000

6                              $ 6,000

7                              $ 5,000   $25,500

8                              $ 4,000

9                              $ 3,000

10                            $ 2,000

Total  $23,000     $34,500

Tiana has strong communication skills, she is a hard worker, and she has a
strong background in math and statistics. What can she do to strengthen her
chances of securing a job as a market research analyst?
A. She can improve her hard skills by working collaboratively with
other people.
B. She can improve her soft skills by pursing a degree in statistics.
C. She can improve her hard skills by learning software used by
market research analysts.
D. She can improve her soft skills by taking extra courses in
computer science.
(a p e x)

Answers

Answer:

did u get the answer?

Explanation:

I'm stuck on it

Hannish Orchards, a juice manufacturer, uses a process that adds all the raw materials at the beginning of the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. During the period the company started making 10,000 gallons. There were 2,000 gallons left in ending WIP that were 40% of the way through the process. Costs incurred during the period were: $ 16,000 Raw materials $ 5,500 Conversion costs The cost assigned to ending work in process would be closest to: A) $3,700 B) $4,300 C) $1,720 D) $1,780

Answers

Answer:

a. $3,700

Explanation:

Unit completed = 10000 - 2000 = 8000

Equivalent unit of material = 10000

Equivalent unit of conversion = 8000 + (2000*40%)

Equivalent unit of conversion = 8800

Cost per equivalent unit of material = $16000/10000

Cost per equivalent unit of material = $1.6

Cost per equivalent unit of conversion = $5500/8800

Cost per equivalent unit of conversion = $0.625

Cost of ending WIP = Equivalent unit of material*Unit cost+Equivalent unit of conversion*Unit cost

Cost of ending WIP = 2000*$1.6 + (2000*40%)*$0.625

Cost of ending WIP = $3200 + $500

Cost of ending WIP = $3,700

2. PC Calculators sell calculators that it purchases for $15 each. It costs PC $60 each time calculators are ordered, and carrying costs are 20% of the calculator's purchase price. Annual demand is 100,000 calculators. (a) Compute the EOQ. (b) Compute the inventory costs if PC orders are at (i) the EOQ amount, (ii) 1000 calculators, (iii) 2500 calculators.

Answers

Answer: See explanation

Explanation:

The following can be deduced from the question:

Purchase price = $15,

Ordering cost = $60

Carrying cost = 20 % × $15 = $3

(a) The EOQ (economic order quantity) goes thus:

= ✓(2 × Annual demand × ordering cost / carrying cost )

= ✓(2 × 100000 × 60 / 3)

= ✓(12000000 / 3)

= ✓(4000000)

EOQ = 2000 calculators

b. The inventory cost when PC orders are at the EOQ amount goes thus:

Note that:

Inventory cost = Cost of purchase + Ordering cost + Carrying cost

Cost of purchase = $2000 × $15 = $30000

Ordering cost = 100000 / 2000 × 60 = $3000

Carrying cost = 20% × purchase price = 20% × $30000 = $6000

Then, the total cost will be:

= $30000 + $3000 + $6000

= $39000

b. Inventory cost at 1000 calculators will be:

Purchase cost = $1000 × $15 = $15000

Ordering Cost = Annual demand / Ordering quantity × cost of placing the order

= 100000 / 1000 × 60

= $6000

Carrying cost = 20% × $15000 = $3000

Then, the total inventory cost will be:

= $15000 + $6000 + $3000

= $24000

(iii) Inventory cost at 2500 calculators will be:

Purchase cost = 2500 × purchase price = $2500 × $15

= $37500

Ordering Cost of order = 100000 / 2500 × 60

= $2400

Carrying cost = 20% × $37500 = $7500

Total inventory cost:

= $37500 + $2400 + $7500

= $47400

Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on the accounting equation, using the cost method, includes a ______. (Check all that apply.) Multiple select question. $10,000 decrease in Cash $9,000 decrease in Additional Paid-In Capital $1,000 increase in stockholders' equity $10,000 increase in Treasury Stock

Answers

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

[The following information applies to the questions displayed below.] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $258,000 including installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year Hours Used 1 2,700 2 1,500 3 1,600 4 2,400 5 2,200 6 2,100 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)

Answers

Answer:

University Car Wash

Depreciation Schedule

Date        Cost of Asset      Depreciation     Accumulated         Net book

                                              Expense          Depreciation             Value

Year 1         $258,000          $38,250              $38,250             $219,750

Year 2          258,000            38,250                 76,500                181,500

Year 3          258,000            38,250                 114,750               143,250

Year 4          258,000            38,250               153,000               105,000

Year 5          258,000            38,250               191,250                 66,750

Year 6          258,000            38,250             229,500                28,500

Explanation:

a) Data and Calculations:

Cost of the new washing machines = $258,000

Estimated residual value = $28,500

Depreciable amount = $229,500 ($258,000 - $28,500)

Straight-line annual depreciation expense = $38,250 ($229,500/6)

Estimated useful life = 6 years

Usage in hours = 12,500 hours

Actual use per year:

Year Hours Used

1                  2,700

2                 1,500

3                 1,600

4                2,400

5               2,200

6                2,100

Total       12,500

Journalize the entries to correct the following errors:

a. A purchase of supplies for $108 on account was recorded and posted as a debit to Supplies for $569 and as a credit to Accounts Receivable for $569. (
b. A receipt of $4,410 from Fees Earned was recorded and posted as a debit to Fees Earned for $4,410 and a credit to Cash for $4,410.

Answers

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

Direct Materials Variances Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 550 tablets during December. However, due to LCD defects, the company actually used 500 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $2,950.
Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to nearest cent, if required.
Price variance $ Unfavorable/favorable
Favorable Quantity variance $ Unfavorable/favorable
Total direct materials cost variance $ Unfavorable/Favorable

Answers

Answer:

Standard price = $6.40

Actual price = $5.90 ($2,950/500)

Standard quantity = 550

Actual quantity = 500

Direct materials price variance = (Actual price - Standard price) * Actual quantity

= ($5.90 - $6.40) * 500

= $0.5 * 500

= $250 Favorable

Direct materials quantity variance = (Actual quantity - Standard quantity) * Standard price

= (500 - 550) * $6.40

= 50 * $6.40

= $320 Favorable

Total direct materials cost variance = Direct materials price variance + Direct materials quantity variance

= $250 Favorable + $320 Favorable

= $570 Favorable

Which of the following is a true statement? Multiple Choice A fiduciary entity is a legal entity that takes possession of property for the benefit of a person. An estate is a fiduciary that comes into existence upon a person's death to transfer the decedent's real and personal property. A trust is also a fiduciary whose purpose is to hold and administer the corpus for other persons (beneficiaries). An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence. All of the choices are true.

Answers

Answer:

All of the choices are true.

Explanation:

The following statements are considered to be true

a. The fiduciary entity acts as a legal entity in which the possession of the property could be taken so that it would be benefit to the person

b. The estate acts as a fiduciary would come into existence at the time when the death of the person would be convert into the decedent real & personal property

c. The trust acts as a fiduciary in the case when the motive is to be hold

d.  The estate would be existed on temporary basis but the trust would be for non-definite existence

Ill give Brainliest to the one that awnsers

List 3 negative consequences of Chapter 7 and 13 Bankruptcy.

Answers

Answer:

As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.

A firm has just paid its annual dividend of $5.64 a share. Thereafter the dividend is expected to increase at a rate of 2% a year. If the firm's stock currently sells for $60 a share, what is the cost of equity

Answers

Answer:

11.588 %

Explanation:

The information available allows us to use the Dividend Growth Model to calculate the cost of equity as :

Cost of equity =  Expected dividend ÷ Price per share + growth rate

therefore,

Cost of equity = ($5.64 x 1.02) / $60 + 2 %

                        = 11.588 %

A reduction in inflation would lead to a. more frequent price changes and increased variability of relative prices. b. more frequent price changes and decreased variability of relative prices. c. less frequent price changes and increased variability of relative prices. d. less frequent price changes and decreased variability of relative prices.

Answers

Answer:

d. less frequent price changes and decreased variability of relative prices.

Explanation:

We know that the Inflation is an increase in prices for a period of time that represent the loss in the purchasing power of the consumer. With attached to it, there would be rise in the level of the price that have the high amount of fluctuations in the price

So in the case when there is a decrease in inflation so it would have less frequent change in price and reduction in variability in relative prices as the prices would become stable  

Hence, the option d is correct

, determining whether an organization has fulfilled a certain objective is most closely associated with which of the following management functions

Answers

Explanation:

Beureacracy functions

In this type of functions there is institutions that governs what each one does and also the laws and orders are followed to maintain a higher productivity

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