Question Completion:
Find the gross profits for Diamonds and Cards
Find the total gross profit
Answer:
Five Card Draw
Diamonds Clubs Total
Gross profit $1,632,000 $1,188,000 $2,820,000
Explanation:
a) Data and Calculations:
Diamonds Clubs Total
Units manufactured and sold 24,000 27,000 51,000
Retail price $180 $190
Sales revenue $4,320,000 $5,130,000 $9,450,000
Direct materials cost per unit $25 $30
Labor rate = $25 per hour
Direct labor hours per unit 3 4
Total direct labor hours 72,000 108,000 180,000
Estimated overhead = $720,000
Predetermined overhead rate = $4 ($720,000/180,000) per DLH
Overhead allocation $288,000 $432,000 $720,000
Total direct materials costs $600,000 $810,000 $1,410,000
Total direct labor costs $1,800,000 $2,700,000 $4,500,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Income Statement:
Diamonds Clubs Total
Sales revenue $4,320,000 $5,130,000 $9,450,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Gross profit $1,632,000 $1,188,000 $2,820,000
The partnership agreement of Owens, Gehrig, and Nagurski provides for the following income ratio: (a) Owens, the managing partner, receives a salary allowance of $18,000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Owens $100,000, Gehrig $200,000, and Nagurski $300,000. If partnership net income is $90,000, the amount distributed to Owens should be
Answer:
Owens will get $18,000 + $12,000 = $30,000
Explanation:
average capital investments:
Owens $100,000Gehrig $200,000Nagurski $300,000Net income = $90,000
Owens received a $18,000 salary
Remaining income = $72,000
interest on capital investment = $600,000 x 15% = $90,000
since $90,000 ≥ $72,000, profits must be allocated proportionally:
Owens = $72,000 x 1/6 = $12,000
Gehrig = $72,000 x 2/6 = $24,000
Nagurski = $72,000 x 3/6 = $36,000
Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .. 23% of $52 is $.. An easy way to check your answer is to use the friendly and divide 52 by to get ..
52
Explanation:
52 .................
Answer:
23% of 52= 0.23*52=11.96
Explanation:
I need q 4 and 5 please:)
McDonald's is the most recognizable fast-food chain in the world. Explain the concept product modification (10) and indicate to what degree the product has been modified for the South African market. Illustrate your answer by giving examples
The correct answer to this open question is the following.
Although you did not attach the text or an excerpt of a lesson, we can comment on the following.
The concept of product modification can be explained this way. Companies have their products that are sold in a determined region. Let's say, the United States. However, when they expand and go to other countries, they need to adapt their products and services to the other countries where they are going to launch their products.
To be able to do that, companies have to do a lot of research to really understand the new culture, customs, ideas, and traditions, so companies like McDonald's can adjust, adapt or adequate their products and flavors to the people of South Africa, for instance. Some marketing experts called "tropicalize" a product to a specific region.
So in the case of South Africa, McDonald's had to understand how teh African people lived, what they like, what they enjoy, what their favorite flavors are, how spicy they like their food, what kind of condiments they accept, and so on. This will also allow executives of McDonald's to create special promotions, combos, and presentations of the food.
15 POINTS
Describe the steps of the check clearing process.
Answer:
hope help you stay happy
When A customer returns goods to the business
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
who immediately benefits from lower price limits?
A. Consumers
B. Small businesses
C. The federal government
D. Large corporations
Answer:
A. Consumers.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
Often times, the price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
Hence, consumers immediately benefits from lower price limits because they would be able to purchase a large quantity of goods far less than its normal price.
Explanation:
Consumers immediately benefits from lower price limits
The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, there was a trend in the first week of September: it was quite common on Monday, Tuesday, and Wednesday nights for four or five guests to cancel at the last minute or just not show up. Therefore, this year the revenue manager made a decision to accept 138 reservations to ensure filling every guest room. This business approach is referred to as _____________, fill in the blank,.
Answer: Selective overbooking
Explanation:
From the information given in the question, we can denote that the business approach is referred to as selective overbooking.
Selective overbooking can also be referred to as capacity management and it simply refers to ensuring that a particular company maximizes both its output and its potential activities.
This strategy is usually used by hotel businesses as they measure how much they'll make within a particular period of time.
What default information appears on an electronic business card? Check all that apply.
name address
job title
company email
address
phone number
website address
Answer: name, job title, company, email address, and phone number
Explanation: edg.
Answer:
name, job title, company, email address, and phone number
Explanation:
The owner of a chicken processing plant makes $1,000,000 per year from his chicken processing plant, and $1,000,000 per year from other sources. He notices that a total of $30,000 worth of chickens per year are being taken home by his 100 employees to supplement their minimum wage living standards (this works out to less than $6 per week per employee). These chickens are being taken out through the fire safety doors, so the owner is considering blocking the doors permanently. This is against the law because any reasonable person knows that sealing fire doors kills people in the event of a fire. The probability of a fire is 0.01 per year (one percent per year). If a fire breaks out it will be discovered that the owner sealed the safety doors, and the owner will have to pay $F = 700, 000 worth of fines and legal fees. The owner's von NeumannMorgenstern utility function is u(x) = √x where x is the owner's income in a given year. The owner cares only about x.
Answer:
1. 1,403.567
2. 1,411.473
3. Algebraic expression 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. 1,877,600
5. 1411.761
Explanation:
1. Computation for the owner’s expected utility if he leaves the fire doors unsealed.
First step is to calculate the Owner's income if he leaves the doors unsealed
Owner's income if he leaves the doors unsealed=1,000,000 +1,000,000-30,000
Owner's income if he leaves the doors unsealed=1,970,000
Now let determine the expected utility if he leaves the doors unsealed
Expected utility=1,970,000^0.5
Expected utility=1,403.567
Therefore the expected utility if he leaves the doors unsealed will be 1,403.567
2. Calculation to determine the owner’s expected utility if he permanently seals the doors
First step is to calculate the The Owner's expected income if he seals the door
Owner's expected income if he seals the door=1,000,000 +1,000,000-700,000*0.01
Owner's expected income if he seals the door= 1,993,000
Now let calculate the Expected utility if he leaves the doors sealed
Expected utility if he leaves the doors sealed= 0.99*2,000,000^0.5+0.01*1,300,000^0.05
Expected utility if he leaves the doors sealed=1,411.473
Therefore The Expected utility if he leaves the doors sealed is 1,411.473
3. Calculation to determine the algebraic expression for the owner’s expected utility as a function
First step is to calculate the The owner's expected income with a fine F
Owner's expected income with a fine F= 1,000,000 +1,000,000-F*0.01
Owner's expected income with a fine F = 2,000,000-0.01F
Now let determine The algebraic expression for the owner's expected utility if he seals the door with a fine F
Algebraic expression= 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
Therefore The Algebraic expression is 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. Calculation to solve for the minimal fines and legal fees that will make the owner decide not to seal the doors using the expression from the previous problem and the owner’s expected utility if he leaves the fire doors unsealed
Based on the information given the owner may decide that he won't seal the door In a situation where the expected utility from sealing is as well equal to the expected utility from not sealing the door which was Calculated as:
0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05=1403.567
Now let calculate Fines and legal fees
Fines and legal fees=(2,000,000-F)^0.05=100(3.49857)= 349.857
Fines and legal fees=2,000,000-349.857^2=1,877,600
Therefore based on the above calculation in a situation were the Fines as well as the legal fees are equal to or higher than F=1,877,600 which means that the owner may decide not to seal the doors.
5. Calculation to Find the C that gives the plant owner complete coverage
First step is to calculate the owner expected utility will in a situation were the owner contributes $C to state politicians
Expected utility= 0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05
Second step is to calculate the The plant owner complete coverage when 100C=700,000
Plant owner complete coverage=700,000/100
C=7000
Third step is to calculate what the owner will likely make this contribution if the expected utility is:
0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05 is greater than 0.99*2,000,000^0.5+0.01*1,300,000^0.05
=1411.473
Hence,
0.99*(1,993,000)^0.5+0.01*(2,000,000)^0.05= 1411.761
Therefore the owner expected utility in a situation were the owner contributes $C to state politicians is 1411.761
15 POINTS
State the features of various types of savings accounts and how would each be used by you as a customer?
Explanation:
The base for carrying financial transactions. A savings account can be used to send and receive payments and it serves as a base for all transactions. ...
Nominal interest rates. ...
Minimum average balance. ...
Passbook and cheque facility. ...
Additional benefits. ...
DUE TODAY PLEASE HELP T^T
When completing a self-assessment, you should think about the cultural environment in which you want to live.
False
True
Answer:
TRUE TRUE TRUE
Explanation:
:) :) :) :) :) :)
Answer:
True
Explanation:
kind of common sense lol......
ways in which landscape can be created .plz answer this
Answer:
finding land and making the land into wha ever yu want
Explanation:
hopes this helps
Which career pathway describes the two main aspects of the Business, Management, and Administration career
cluster?
O Management and Budgeting
Secretarial and Administration
Management and Administration
O Marketing and Business
PLEASE HELP ME
Answer:
Secretarial and Administration
Explanation:
Business, Management, and Administration can be defined as a strategic process which typically involves controlling, directing and organizing the personnel and resources of a business in order to achieve the goals and objectives of the business firm. Thus, it provides students with the requisite knowledge and skills for the effective and efficient management of the operations of a business based on factors such as finance, administrative functions, records, and secretarial.
Hence, the career pathway which describes the two main aspects of the Business, Management, and Administration career cluster are Secretarial and Administration. These two aspects deals with office management, records and book keeping, typing of documents, etc.
Answer:
C
Explanation:
Role of risk committee and their members
Answer:
The Risk Committee (the “Committee”) is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the oversight of the risk management policies and practices of the Corporation's global operations and oversight of the operation of the Corporation's global risk ...
Explanation:
sna makatulong:)
Social Media Influencer Content is ALWAYS truthful and helpful in budgeting and making wise spending decisions.
True
O False
Answer:
False.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
This ultimately implies that, managerial accounting is specific to a particular business organization i.e the managerial accounting model used by a company would be different from the one used by another.
You should use the financial report from credible and reliable sources to plan your investments and financial budget.
However, social media influencer content isn't always truthful and helpful in budgeting and making wise spending decisions because the report might just be a figment of their imagination or fabricated.
BE17-1 Each of the items below must be considered in preparing a statement of cash fl ows for Baskerville Co. For the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash fl ows for 2017. (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend
Answer:
(a) To be shown cash inflows from financing activity
(b) To be shown as cash outflows from investing activity
(c) To be shown as cash inflow from investing activity
d) To be shown as cash outflows from financing activity
Explanation:
(a) Issued bonds for $200,000 cash.
This should be shown as a cash inflow under financing activity section of the statement of cash flows for 2017.
(b) Purchased equipment for $150,000 cash.
This should be shown as a cash outflow under investing activity section of the statement of cash flows for 2017.
(c) Sold land costing $20,000 for $20,000 cash
This should be shown as a cash inflow under investing activity section of the statement of cash flows for 2017.
(d) Declared and paid a $50,000 cash dividend
This should be shown as a cash outflow under financing activity section of the statement of cash flows for 2017.
Additional Note:
Although this is not part of the requirement of the question, but it will assist you in your learning.
After taking all the above into consideration, they will appear as follows in statement of cash flows for 2017 (Note only they will appear is shown without any calculations since there will be other items).
Baskerville Co.
Statement of Cash Flows for 2017
(Abridged Vesrion)
Details $ $
Cash from operating activities
Cash flows from investing activities
Purchase of equipment (150,000)
Soles of land 20,000
Cash flows from financing activities:
Bond issued 200,000
Cash dividend paid (50,000)
Bailey stood in line for hours and purchased the new game system the day it became available for $600. Knowing that there was a high demand for the game system and a limited supply, she decided to put the item on E-bay rather than keep it. She sold it for $950. She also sold her five-year old car for $5,000. She had purchased the car for $13,000. What is the taxable nature of these transactions? Multiple choice question. Bailey has a taxable short-term capital gain of $350 and a deductible long-term capital loss. Bailey has no tax consequences for these transactions because the assets sold were "personal use" assets. Bailey has a taxable short-term capital gain of $350, but no deductible loss for the car. Bailey does not have to pay tax on the game system, but she deductible long-term capital loss.
Answer:
Bailey has a taxable short-term capital gain of the amount of $350, but no deductible loss for the car.
Explanation:
Based on the information given In a situation where Bailey purchased the new game system for the amount of $600 in which it was sold for the amount of $950. Which means that the taxable nature of these transactions is that she has a TAXABLE SHORT-TERM CAPITAL GAIN of the amount of $350, which is calculated as ($950-$600) while on the other hand their won't be any deductible loss amount for the car.
The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded, and , of two products depend on their prices, and , as follows: If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue? Enter the exact answers. Enter your answer; p1 Enter your answer; p2
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $15,000; (2) up to 120 days past due, $8,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11 percent, and (3) 20 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $750 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $700 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.
Answer:
A1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense $1,180
Cr Allowance for doubtful accounts $1,180
B. Operating Expense
Bad debt expense $1,180
Current Assets
Accounts Receivable $24,070
Explanation:
A. Preparation of the journal entries for the two items
First step is to calculate the Allowance for doubtful account balance
Allowance for doubtful account balance = (15,000*3%+8,000*11%+3,000*20%)
Allowance for doubtful account balance =$450+$880+$600
Allowance for doubtful account balance =$1,930
Now let prepare the journal entries
1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense ($1,930-$750) $1,180
Cr Allowance for doubtful accounts $1,180
B. Calculation to Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year
INCOME STATEMENT PRESENTATION
OPERATING EXPENSE
Bad debt expense $1,180
($1,930-$750)
BALANCE SHEET PRESENTATION
CURRENT ASSETS
Account receivable $26,000
($15,000+$8,000+$3,000)
Less: Allowance for doubtful accounts ($1,930)
Accounts Receivable $24,070
Therefore the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year as :
Operating Expense:
Bad debt expense $1,180
Current Assets:
Accounts Receivable $24,070
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result Group of answer choices the supply of oil and the demand for oil are both perfectly elastic over short periods of time. the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time. the supply of oil and the demand for oil shift to the right over short periods of time. the supply of oil is very elastic and the demand for oil is very elastic over short periods of time.
Answer:
the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result, the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely
Answer:
oh i will be your friend
Explanation:
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
Changes in the net working capital requirements: can affect the cash flows of a project every year of the project's life. only affect the initial cash flows of a project. only affect the cash flow at time zero and the final year of a project. are generally excluded from project analysis due to their irrelevance to the total project. reflect only the changes in the current asset accounts.
Answer:
can affect the cash flows of a project every year of the project's life.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Generally, changes in the net working capital requirements can affect the cash flows of a project every year of the project's life.
Mathematically, Net cash flow = Receipts - Total payments
Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant just for the appetizer, and it was at the center of a recent highly positive review by a food critic. Preparation involves common ingredients and average culinary skills but requires a very high oven temperature, which significantly increases utility costs. Several competing restaurants have since added their own version of the appetizer to their menu. Which criterion for assessing capabilities/core competencies is met
Answer:
????? is this a question ????????????????????
Explanation:
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
Answer:
$98,000
Explanation:
Calculation to determine the revenue from the two products would be:
Revenue if processed further:
Premium Green $80,000
(10,000 bags * $8 per bag) $80,000
Add Green Deluxe (3,000 bags * $6 per bag) $18,000
Total revenue if processed further $98,000
($80,000+$18,000)
Therefore the revenue from the two products would be:$98,000
Which is the best description of a comparative market analysis? It shows what similar homes in the are have recently sold for. It shows the list prices of similar homes in the are
Answer:
It shows what similar homes in the are have recently sold for.
Explanation:
Comparative market analysis is used by real estate agents to generate a competitive price for a property.
It is the price estimation on a property that uses recently sold and similar properties as a basis for price fixing.
Factors put into consideration include age, location, style, construction, condition, and so on.
Prospective buyers can also run a comparative analysis to ensure they are getting best price for property they want to buy.
Is financial analyst hard to study?
Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.
It may be hard but not IMPOSSIBLE!
Best wishes! :)
write at least three ways savings accounts differ from checking accounts.
Answer:
checking accounts are better for transaction such as paying pills purchases, atm withdraws while saving accounts are better for storing money and earning interest,
Explanation:
How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value?
Answer:
hello your question is incomplete below is the complete question
An Agile Release Train (ART) has implemented a completely automated Continuous Integration/Continuous Delivery (CI/CD) pipeline that can deploy code as it is checked into the source-code repository. How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value? 1. Release Stories that have been included in the team demo 2. Review and accept Stories as they are completed 3. Identify Stories that are cleared for automatic delivery during Iteration Planning 4. Implement Feature toggles to control which Stories are released
answer : Identify Stories that are cleared for automatic delivery during Iteration Planning ( 3 )
Explanation:
The Best way a product owner( PO ) can adjust team events in order to take advantage of this capability and promote the flow of values is ; Identify Stories that are cleared for automatic delivery during Iteration Planning.
This is because this options identifies ART and its clearance.