Answer:
1. Response time or Time Response
2. Product variety or variety of the products
3. Availability
4. The Customer experience
5.The Order visibility
6. Returnability
Explanation:
Below is the Explanation of the measures of customer service that are influenced by the structure of the distribution network.
We have 6 measures of customer service that are influenced by the structure of the distribution network and they are:
1.Response time can be defined as the time between when a customer places an order and when the customer receives the delivery.
2. Product variety can be seen as the number of different products that a customer wish and desires from the distribution network.
3. Availability can be defined as the probability or likelihood of a company or an organisation to have a product in stock when a customer order arrives or when a customer places an order.
4.Customer experience can be seen as the the ease that occur when a customer place and receive their order.
5. Order visibility can be defined as the ability of the customer to track their own order from the time of placement to delivery.
6.Returnability can be defined as the ease with which a customer return merchandise or product that they are unsatisfied with and the strength or the ability of the network to handle such returns.
The measures of customer service which are influenced by the structure of the distribution network are:
Response timeProduct varietyProduct availabilityCustomer satisfaction, etcAccording to the given question, we are asked to state and explain the measures of customer service which are influenced by the structure of the distribution network.
As a result of this, we can see that theses are the various ways through which the customer satisfaction can be monitored and assessed so that better services can be provided for them. This has to do with how efficient the service delivery is, the difference in products, response time, etc.
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Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory 8 comma 000 units Transferredminusin costs in beginning WIP Inventory $ 113 comma 200 Direct materials cost in beginning WIP Inventory $ 29 comma 500 Conversion costs in beginning WIP Inventory $ 23 comma 750 Units transferredminusin 56 comma 000 units Transferredminusin costs $ 546 comma 300 Units completed 47 comma 000 Costs added: direct materials $ 172 comma 120 Costs added: conversion costs $ 245 comma 570 Ending WIP Inventory 17 comma 000 units (40% complete for materials and 30% complete for conversion) The total cost of units in ending WIP InventoryminusShaping would be closest to
Answer:
Baron Corporation
Total cost of units in ending WIP Inventory would be closest to $300,273.
Explanation:
a) Shaping Department Production Cost Report:
Units Cost Total Cost
Beginning Work in process 8,000
Transferred-in cost in WIP $113,200
Direct materials cost in beginning WIP $ 29,500
Conversion costs in beginning WIP $ 23,750 $ 166,450
Transferred-in during period 56,000 $ 546,300
Costs added to transferred-in:
Direct materials $ 172,120
Conversion costs $ 245,570 $ 963,990
Total cost 64,000 $ 1,130,440
Transferred-out 47,000 $ 830,167
Ending Work in process 17,000 $ 300,273
b) Unit cost = $17.66 ($1,130,440/64000)
c) Cost of Transferred-out units = $830,167 {($1,130,440/64,000) x 47,000}
d) Cost of Ending WIP units = $300,273 {($1,130,440/64,000) x 17,000}
S4-2 (similar to) Question Help Sally's FurnitureSally's Furniture uses departmental overhead rates (rather than a plantwide overhead rate) to allocate its manufacturing overhead to jobs. The company's two production departments have the following departmental overhead rates: Cutting Department: $ 8$8 per machine hour Finishing Department: $ 14$14 per direct labor hour Job 112112 used the following direct labor hours and machine hours in the two manufacturing departments: LOADING...(Click the icon to view the resources used for Job 112112.) 1. How much manufacturing overhead should be allocated to Job 112112? 2. Assume that direct labor is paid at a rate of $ 23$23 per hour and Job 112112 used $ 2 comma 400$2,400 of direct materials. What was the total manufacturing cost of Job 112112? 1. How much manufacturing overhead should be allocated to Job 112112? Calculate the total manufacturing overhead for the job by using a formula for each department's overhead amount and then adding both amounts together. First determine the formula and overhead for the Cutting Department.
Complete Question:
S4-2 (similar to) Question Help. Sally's Furniture uses departmental overhead rates (rather than a plantwide overhead rate) to allocate its manufacturing overhead to jobs. The company's two production departments have the following departmental overhead rates: Cutting Department: $8 per machine hour Finishing Department: $14 per direct labor hour Job 112112 used the following direct labor hours and machine hours in the two manufacturing departments:
Resources used for Job 112112
Cutting Finishing
Direct Labor Hours 6 10
Machine Hours 6 7
Requirements:
1. How much manufacturing overhead should be allocated to Job 112112?
2. Assume that direct labor is paid at a rate of $23 per hour and Job 112112 used $2,400 of direct materials. What was the total manufacturing cost of Job 112112? 1. How much manufacturing overhead should be allocated to Job 112112? Calculate the total manufacturing overhead for the job by using a formula for each department's overhead amount and then adding both amounts together. First determine the formula and overhead for the Cutting Department.
Answer:
Sally's Furniture
1. Manufacturing overhead allocated to Job 112112:
Cutting department = Machine hour rate x machine hours
= $8 x 6 = $48
Finishing department = Direct labor hour rate x direct labor hours
= $14 x 10 = $140
Total manufacturing overhead = $188 ($48 + 140)
2. Total manufacturing cost of Job 112112:
Direct materials = $2,400
Direct labor = 368 (16 x $23)
Overhead = 188
Total cost = $2,956
Explanation:
a) Data:
Departmental overhead rates:
Cutting Department: $8 per machine hour
Finishing Department: $14 per direct labor hour
b) Job Costing is a costing method that allocates the costs of resources for manufacturing goods and services according to the costs consumed by each job. Each job becomes a cost center for accumulating costs instead of the process involved in the production. The system helps management to keep track of the costs of each job.
Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta
Answer:
0.98
Explanation:
Computation for Bill Duke portfolio's beta
First step is to find the Investment in Y which is:
Investment in Y=100,000-35,000
=$65,000
Second step is to calculate for the Portfolio beta using this formula
Portfolio beta=Respective beta*Respective Investment weight
Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)
Portfolio beta=(0.35*1.5) +(0.65*0.7)
Portfolio beta =0.525 +0.455
Portfolio beta=0.98
Therefore the Portfolio Beta will be 0.98
(Calculating the cash conversion cycle) Network Solutions just introduced a new, fully automated manufacturing plant that produces 2,000 wireless routers per day with materials costs of $50 per router and no other costs. The average number of days a router is held in inventory before being sold is 45 days. In addition, the company generally pays its suppliers in 30 days, while collecting from its customers after 25 days.
a. What is the cash conversion cycle?
b. What would happen to the cash conversion cycle if the company could stretch its payments to suppliers from 30 days to 50 days?
c. How much would working capital financing be reduced if the company stretched its payments to suppliers from 30 days to 50 days?
Answer and Explanation:
The computation is shown below:
a. As we know that
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 30 days
= 40 days
b. Now if the payment of supplier changed from 30 days to 50 days which is
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 50 days
= 20 days
c. Now the reduction in working capital is
= Difference in days × production × material cost per order
= 20 days × 2,000 × $50
= $2,000,000
We simply applied the above formulas
Companies and their auditors have adopted a general rule of thumb that anything under 5% of _______ is considered not material.
Answer:
The answer is net income
Explanation:
Net income is the difference the total revenue generated and the total cost(cost of sales, salaries, electricity etc.)
Materiality: A financial statement is said to material is when its misstatement or omission affects the opinion of its intended users.
Companies and auditors have agreed that anything under 5% of net income is considered not material, meaning any misstatement less than 5% of the net income is not considered to be important to alter the view of the users. In this kind of situation, auditors' opinion on the financial statement will be true and fair.
Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a niche differentiation strategy. From last year’s reports, which company would be the strongest competitor?
Answer:
Chester Company is the strongest Competitor
Explanation:
Chester company has developed a strategy of cost cutting to survive best among its competitors. It has cut its routine expenses and has lowered its cost of goods manufactured which can lead to profit maximization. The company has lowered its selling price and customers are more attracted to it because of its cheap price among all other companies supplying same products
What three C’s must a business plan include?
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Required:
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object.
1. The wages of pediatric nurses / The pediatric department
2. Prescription drugs / A particular patient
3. Heating the hospital / The pediatric patient
4. The salary of the head of pediatrics / The pediatric patient
5. The salary of the head of pediatrics / The particular pediatric patient
6. Hospital chaplain's salary / A particular patient
7. Lab tests by outside contractor / A particular patient
8. Lab tests by outside contractor / A particular department
Answer:
1. direct cost
2. direct cost
3. Indirect cost
4. indirect cost
5. direct cost
6. direct cost
7. direct cost
8. direct cost
Explanation:
Direct costs can be traced directly (through observation) on the cost object whilst indirect costs can not be traced directly to the cost object.
For example direct cost that can be traced on the pediatric patient are : prescription drugs, tests by both inside and outside contractor,chaplain's salary and wages for pediatric nurses.
Indirect cost that can not be traced on the pediatric patient are : Heating the hospital, salary of the head of pediatrics. This is because we can not actually trace their work or expense on the patient.
____________ has been at the center of the changes taking place that affect the supply chain. Group of answer choices logistics warehousing technology customer power
Answer:
technology
Explanation:
Technology has changed the mode of supply of products to customers.
It has increased the efficiency of supply chain and has also increased the speed of supply
For example, due to technology one can now track ones orders. This is an example of how technology has increased the efficiency of supply chain.. It has made it easier for customers to monitor their orders and has also reduced loss of goods.
I hope my answer helps you
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 35,900 machine-hours. The estimated variable manufacturing overhead was $4.80 per machine-hour and the estimated total fixed manufacturing overhead was $945,606. The predetermined overhead rate for the recently completed year was closest to:
Answer:
Predetermined manufacturing overhead rate= $31.14 per machine-hour
Explanation:
Giving the following information:
Estimated machine-hour= 35,900 machine-hours
Estimated variable overhead= $4.80 per machine-hour
Total fixed manufacturing overhead was $945,606.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (945,606/35,900) + 4.8
Predetermined manufacturing overhead rate= $31.14 per machine-hour
Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to an individual 401(k)?
Answer:
Contribute to individual 401(k) = $61,000
Explanation:
Given:
Revenue = $538,000
Expenses = $107,600
Find:
Contribute to individual 401(k)
Computation:
Contribute to individual 401(k) = $55,000
Kathy is younger then 50 years so, She have t pay $6,000 more:
So,
Contribute to individual 401(k) = $55,000 + $6,000
Contribute to individual 401(k) = $61,000
Garrison Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The following data represents data in the Shaping Department WIP, April 1 7 comma 000 units Transferredminusin costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (55%) in WIP, April 1 $23,400 Units transferredminusin 49 comma 000 Transferredminusin costs during April $550,900 Units completed 46 comma 000 April direct materials cost $155,500 April conversion costs $239,250 WIP, April 30 10 comma 000 units (100% for materials and 40% for conversion costs) What are the equivalent units for conversion costs?
Answer:
Equivalent Units for conversion = 50,000 units
Cost per equivalent unit for conversion = $5.253
Explanation:
WIP, April 1 = 7,000 units
Transferred-costs in WIP, April 1 = $79,940
Direct materials (100%) in WIP, April 1 = $24,420
Conversion costs (55%) in WIP, April 1 = $23,400
Units transferred = 49,000
Transferred costs during April = $550,900
Units completed = 46,000
April direct materials cost =$155,500
April conversion costs =$239,250
WIP, April 30 =10,000 units
100% for materials and 40% for conversion costs
Required = Equivalent Units for conversion cost?
Solution
Equivalent Units for conversion = 100% of units completed + 40% of units in work in process
Equivalent Units for conversion = (46000 x 100%) + ( 10,000 x 40%)
Equivalent Units for conversion = 46,000 + 4000
Equivalent Units for conversion = 50,000 units
Cost per equivalent unit for conversion = Total conversion cost/Equivalent unts for conversion
Cost per equivalent unit for conversion = (23,400+239,250) /50,000units
Cost per equivalent unit for conversion = $5.253
You have an investment account that started with $4 comma 000 10 years ago and which now has grown to $5 comma 000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 17 % per year from now on, what will the account's value be 10 years from now?
Answer:
2.26%
$24,034.14
Explanation:
The formula for finding the interest rate is :
(FV/ PV) ^1/n - 1
FV = Future value
PV = Present value
R = interest rate
N = number of years
(5000/4000) ^ 1/n - 1 = 0.022565 = 2.26%
11. To find the future value in 10 years, this formula would be used:
FV = P (1 + r)^n
= $5000 (1.17)^10 = $24,034.14
I hope my answer helps you
You own 500 shares of ABC stock. The stock has been declining in price and is now selling for $30 a share. You decide to sell all your shares and place a limit sell order at a price of $30 a share. When you order reaches the trading desk, the market price has declined to $29 a share. The next day the price falls to $18 a share. What is the status of your order
Answer:
The order has not yet been executed which means you still own 500 share
Explanation:
The status of your order is that the order has not yet been executed which means you still own 500 share because despite that you own the 500 shares of ABC stock in which the stock has been declining in price but now sells for $30 per share in which you wanted to sell all the shares thereby placing a limit sell order at a price of $30 per share but the shares continue to decline from $30 per share to $29 per share to $18 per share, their wont be any cause for alarm because the order has not yet been executed which means that the 500 shares is still in your custody.
Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses.
You may assume that Betty will owe $2,502 in self-employment tax on her salon income.
Interest income $11,255
Salon sales and revenue 86,360
Salaries paid to beauticians 45,250
Beauty salon supplies 23,400
Alimony paid to her ex-husband, Rocky 6,000
Rental revenue from apartment building 31,220
Depreciation on apartment building 12,900
Real estate taxes paid on apartment building 11,100
Real estate taxes paid on personal residence 6,241
Contributions to charity 4,237
You may assume that Betty will owe $2,576 in self-employment tax on her salon income, with $1,288 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016.
Required:
Determine Betty's taxable income to file 1040.
Answer:
Explanation:
Interest income - 11,255
Income from self Employment
Salon sales and revenue - 86,360
Beauticians salary - 45,250
Salon supplies 23,400
Total (68650)
Salon income 17,710
Income from rental activities
Rental revenue - 31,220
Depreciation on building 12,900
Real estate taxes 11,100
Total expenses (24,000)
Rental income 7,220
Taxable income calculation
Interest income - 11,255
Salon income 17,710
Rental income 7,220
Total income 36,185
Adjustment
Alimony paid (6000)
1/2 of self employment tax on income (2502/2) (1251)
Total (7251)
Adjusted income 28,934
Less standard deduction (12,000)
Taxable income - 16,934
On 12/31/19, Hite Industries reported retained earnings of $537,500 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/18, the company had reported $445,000 of retained earnings. No shares were repurchased during 2019. How much in dividends did the firm pay during 2019
Answer:
Dividends paid= $227,500
Explanation:
The dividend paid during the year 2019 would be the determined by sum of the opening balance of retained earnings and net income and less the closing balance of retained earnings.
Dividends paid = Retained earnings at the beginning + net income - retained earnings at the end.
Note that the payment of dividends would reduce the amount of retained earnings balance
Dividends paid = 537,500 + 135,000 - 445,000= 227,500
Dividends paid= $227,500
What is the effect on real GDP of a $175 billion change in planned investment if the MPC is 0.50? $ nothing billion. (Enter your response rounded to the nearest whole number.)
The effect on real GDP of a $175 billion in the case when there is a change in the planned investment should be $350 billion.
As we know that
Multiplier = 1 ÷ (1 - MPC)
= 1 ÷ 1-0.50
= 2
Now
Change in GDP = Multiplier × Change in investment
= 2 × 175
= $350 billion
Therefore for computing the Change in GDP we simply applied the above formula i.e of Multiplier and the change in gross domestic product (GDP)
Hence, The effect on real GDP of a $175 billion in the case when there is a change in the planned investment should be $350 billion.
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Red Sun Rising just paid a dividend of $2.01 per share. The company said that it will increase the dividend by 25 percent and 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.1 percent. If the required return is 10.1 percent, what is the stock price today
Answer:
$41.40
Explanation:
For computing the stock price for today first we have to do the following calculations
Dividend at year 0 = D0 = $2.01
Dividend at year 1 = D1 = $2.01 × 1.25 = $2.5125
Dividend at year 2 = D2 = $2.5125 × 1.20 = $3.015
Now, we have to determine the price for year 2
P2 = D2 × (1 + growth rate) ÷ (required rate of return - growth rate)
= $3.015 × 1.031 ÷ (0.101-0.031)
= $44.4066
And, finally
Current price is
= $2.5125 ÷ 1.101 + $3.015 ÷ 1.101^2 + $44.4066 ÷ 1.101^2
= $41.40
The stock price today is $41.40.
As per the given situation, the calculation is as follows:Dividend at year 0 = D0 = $2.01
Dividend at year 1 = D1 = $2.01 × 1.25 = $2.5125
Dividend at year 2 = D2 = $2.5125 × 1.20 = $3.015
So
We have to calculate the price for year 2 by applying the following formula:P2 = D2 × (1 + growth rate) ÷ (required rate of return - growth rate)
= $3.015 × 1.031 ÷ (0.101-0.031)
= $44.4066
Now
Current price is= $2.5125 ÷ 1.101 + $3.015 ÷ 1.101^2 + $44.4066 ÷ 1.101^2
= $41.40
Therefore we can conclude that the stock price today is $41.40.
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The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. (Enter all amounts as positive numbers. Enter your answers in thousands.)
Answer:
Particulars 2021 2022 2023
Beginning Inventory 277 253 235
Cost of Goods sold 633 623 586
Ending inventory 253 235 220
Cost of good available for sale 886 876 806
Purchases 640 623 595
Purchase discounts 20 17 26
Purchase returns 26 32 16
Freight-in 15 34 18
Explanation:
There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.
Available for sale = Beginning inventory + Net Purchases
Cost of Goods Sold = Cost of good available for Sales - Ending inventory
Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.
Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return
Lawler Clothing sold manufacturing equipment for $29,000. Lawler originally purchased the equipment for $93,000, and depreciation through the date of sale totaled $77,500. What was the gain or loss on the sale of the equipment
Answer:
Gain on disposal = $13500
Explanation:
The gain or loss on disposal/sale of a fixed asset can be calculated by deducting the Net book value of the asset from the sales proceeds. If the NBV is more than the sales proceeds, then there is a loss on disposal and vice versa.
The net book value or NBV of an asset can be calculated as follows,
NBV = Cost - Accumulated depreciation
NBV = 93000 - 77500
NBV = $15500
Gain/(Loss) on disposal = Sales Proceeds - NBV
Gain/(Loss) on disposal = 29000 - 15500
Gain/(Loss) on disposal = $13500 gain on disposal
Graphically, how does a monopolistically competitive firm determine its profit-maximizing price? Question 7 options: It accepts the price set by the industry-wide forces of supply and demand. The firm's pricing structure is set by government regulators. Graphically, it finds the place where MR = MC and charges the price directly to the left of that point. The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
Answer:
The correct answer is the last option: The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
Explanation:
To begin with, the monopolistically competitive firm is working in the market that determines its profit-maximizing price by first determining its output level in the point where it marginal costs equals its marginal revenue and then it charges the price that finds itself above that quantity level determined previously by the output level and that is in the average revenue curve that finds it above the marginal revenue curve
Which of the following QuickBooks features can be used to save a transaction that will be re-used in the future?
A. Saved transactions
B. Memorized transactions
C. Repeat transactions
D. None of the above
Answer:
B. Memorized transactions
Explanation:
When using QuickBooks, the feature that allows you to save a transaction that will be re-used in the future are known as Memorized Transactions. These are transaction templates that allow the individual to speed up data entry jobs by saving the information that will be repeated. In general, this saves time, reduces mistakes, keeps better tabs on cash in the bank, and increases bookkeeping accuracy.
On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared a 5% stock dividend to stockholders of record on March 20. Market value of the stock was $15 on March 17. The entry to record the transaction of March 17 would include a
Answer and Explanation:
The Journal entry is shown below:-
March 17
Stock Dividend Dr, $84,750 (113,000 × 5% × $15)
To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)
To Paid in capital in excess of Par - Common Stock $28,250
(Being stock dividend is recorded)
Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock
Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.
This question is incomplete because the options are missing; here is the complete questions:
Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.
A. Inquiry regarding terms
B. Rejection of the offer
C. Conditional acceptance of the offer
D. Additional term
The correct answer to this question is D. Additional term
Explanation:
In a contract, the terms refer to the specific conditions or obligations the parties involved accept. These terms are usually registered in a document as not following the terms has legal consequences. In the case presented, the answer of Beth represents an additional term because the purpose of her answer is to include a new condition or obligation that the seller of the car should accomplish as part of the agreement between seller and buyer.
The open-ended question post-project evaluation meeting should contain an opportunity to talk about possible additional projects and assume permission to use the customer as a reference with potential customers.
a. True
b. False
Answer:
B. False.
Explanation:
In the rightful manner, this meeting type is said to typically happen in different formats though most of it happens to appear in different video calls, conference or zoom which is popular in recent times. This meeting should contain or entertain the ability for opportunity talks which could yield possibilities in adding works that can benefit the parties involved. But in the case above, assuming the permission to use the customer as a reference with potential customers is totally out of the line so it is said to not totally fall in as post project evaluation.
Nike decides to invest $60,000,000 into a shoe factory in Vietnam from its money market account. The money market account was earning 1% in interest per year or $600,000. Nike could have also earned $200,000 from investing the $60,000,000 in a handbag factory. What is its opportunity cost for Nike based off of the information in presented this situation
Answer:
$200,000
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
The opportunity cost of Nike is what they would have earned if they invested in the bag industry instead. so it is, $200,000.
I hope my answer helps you
Following are the transactions and adjustments that occurred during the first year of operations at Kissick Co.
A. Issued 195,000 shares of $5-par-value common stock for $975,000 in cash.
B. Borrowed $550,000 from Oglesby National Bank and signed a 10% note due in three years.
C. Incurred and paid $410,000 in salaries for the year.
D. Purchased $730,000 of merchandise inventory on account during the year.
E. Sold inventory costing $590,000 for a total of $910,000, all on credit.
F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.
G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.
H. Paid the entire $138,000 owed for store equipment and $630,000 of the amount due to suppliers for credit purchases previously recorded.
I. Incurred and paid utilities expense of $38,000 during the year.
J. Collected $845,000 in cash from customers during the year for credit sales previously recorded.
K. At year-end, accrued $55,000 of interest on the note due to Oglesby National Bank.
L. At year-end, accrued $20,000 of past-due December rent on the sales facilities.
Required:
Prepare an income statement (ignoring income taxes) for Kissick Co.'s first year of operations and a balance sheet as of the end of the year.
Answer:
signed a 10% note due in three years.
C. Incurred and paid $410,000 in salaries for the year.
D. Purchased $730,000 of merchandise inventory on account during the year.
E. Sold inventory costing $590,000 for a total of $910,000, all on credit.
F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.
G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.
H. Paid the entire $138,000 owed for store equipment and $630,000 feel feel guy guess join
Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annual production of 1,000 units of this part are as follows: Direct Materials $10.50 Direct labor $24.00 Variable factory overhead $ 5.50 Fixed factory overhead $12.00 Total Costs $52.00 $5,000 of the fixed factory overhead costs associated with the production of this product are common fixed costs. Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit. Scott should:
Answer:
It is cheaper to buy the part. The company will save $5,000.
Explanation:
Giving the following information:
UNitary production cost:
Direct Materials $10.50
Direct labor $24.00
Variable factory overhead $ 5.50
Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000
Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.
First, we need to calculate the total cost of making the units:
Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000
Now, the total cost of buying them:
Buy= 1,000*42= $42,000
It is cheaper to buy the part. The company will save $5,000.
Based on the information given Scott should continue to make the part, saving $2.00 per unit.
Relevant costs to manufacture:
Direct materials $10.50
Direct labor $24.00
Variable factory overhead $5.50
Total $40.00/unit
Relevant cost to purchase $42.00/unit
Net cost to purchase ($2.00)
($40.00-$42.00)
Based on the above calculation Scott should continue to make the part, saving $2.00 per unit.
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What forces have caused cost and management accounting systems designed decades ago to become less relevant and less valuable for organizational employees in today’s globally competitive environment?
Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc. The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.Discuss what seems to be the primary purposes of the Constitution, and any revisions that would make it a stronger document.
Answer:
The Constitution of the United States has the primary purpose of establishinig the nature and functions of the United States Federal and State government.
The Constitution also has the purpose of establishing the rights that people living the United States have.
The Constitution has been reviewed many times throughout history. This is why it has been amended 27 times. As the world changes, and the needs of the country change as well, the Constitution needs to be kept in continuous revision in case it needs even more amendments in the future.