Answer:
a - Increase productivity by adding physical capital to the economy in the present and increasing the human capital in the future.
b - Increase the productivity of the economy by adding more jobs and stimulate the education by increasing the human capital of the future.
c - Increase the productivity of the economy by adding physical capital that is basically technology.
d - Increase the productivity of the economy by adding technology.
e - Increase the productivity by adding new natural resources to the production.
f - Increase the productivity by adding education and increasing the human capital of the future.
g - Decrease the productivity by affecting directly to the human capital and its ability to produce regarding the fact that is the most important factor of production.
h - Increase the productivity by adding more education to the workers and therefore increasing the human capital capacities.
Explanation:
To begin with, all of the actions, except one, will increase the productivity of the economy due to the fact that all of them focus on a way to increase it by adding more value to the workforce or adding more physical capital to the production process of the companies. There is only one action that will decrease the productivity and it does it by affecting directly to the workforce.
If a firm's goal is to maximize its earnings per share, this is the best way to maximize the price of the common stock and thus shareholders' wealth.
Answer:
False
Explanation:
As maximization of the earnings per share might not be the same thing as the wealth maximization which is the primary goal of the company because the company not only has to generate higher profits but also manage all the risks of the entity which might increase by unethical trading in race to increase earnings per share. Furthermore, to enjoy less costly debt finance which would increase the earnings per share, would result in increase in financial risk, which might again head the company towards disaster if not well managed.
The other solid point against the statement would be that the primary purpose can not be the maximization of earnings per share as it stresses upon spending less on corporate social responsibility and as the result the company stock will be less valued at stock exchange. The less valued stock is because the companies like Dow and S & P Global adds no green value to the stock if the company is not spending on social responsibility programs.
Hence the statement is incorrect.
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.
Vijay Company reports the following information regarding its production costs. Direct materials $ 9.40 per unit Direct labor $ 19.40 per unit Overhead costs for the year Variable overhead $ 9.40 per unit Fixed overhead $ 103,600 Units produced 14,000 units Compute its product cost per unit under variable costing.
Answer:
Unitary cost= $38.2
Explanation:
Giving the following information:
Direct materials $9.40 per unit
Direct labor $19.40 per unit
Variable overhead $ 9.40 per unit
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the unitary cost.
UNitary cost= 9.4 + 19.4 + 9.4
Unitary cost= $38.2
Your cousin is currently 88 years old. She will be going to college in 1010 years. Your aunt and uncle would like to have $ 95 comma 000$95,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.2 %4.2% per year, how much money do they need to put into the account today to ensure that they will have $ 95 comma 000$95,000 in 1010 years?
Answer:
PV= $62,957.35
Explanation:
Giving the following information:
Future value= $95,000
Number of years= 10
Interest rate= 4.2%
To calculate the initial investment required to reach the objective, we need to use the following formula:
PV= FV/(1+i)^n
PV= 95,000/(1.042^10)
PV= $62,957.35
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.
The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's cash flow from financing activities?
Complete Question:
The complete question can be seen the in the attachment at the end of the solution of the question.
Answer:
Option B. -$182,057
Explanation:
The Cash flow from financing activities can be calculated by using the following formula:
Cash flow from financing activities = Changes in the equity finance
+ Changes in long term borrowings + Changes in short term borrowings
- Interest paid - Dividends paid
Here
Changes in the equity = $175,000 common stock in year 2008
- $125,000 common stock in year 2008 = $50,000
Changes in long term Borrowings = $61,290 - $78,445 = - $17,155
Changes in short term Borrowings = $16,753 - $12,004 = $4749
Interest paid is $0 because interest rate is not given hence we can't calculate it.
Dividends paid = $190,568 Opening Retained Earnings + $248,462 Net Profit for the year - $219,379 Closing Retained Earnings = $219,651
Now, by putting values in the above equations, we have:
Cash flow from financing activities = $50,000 - $17,155 + $4749 - 0 - $219,651 = -$182,057
A company acquired three machines for $100,000 in a package deal. The three assets had a book value of $80,000 on the seller's books. An appraisal costing the purchaser $1,000 indicated that the three machines had the following market values.
Machine 1: $30,000 ($20,000)
Machine 2: $40,000 ($25,000)
Machine 3: $50,000 ($35,000)
At what amount should the three assets be individually recorded in the buyer’s books?
Answer:
The Individual assets will be recorded by the buyer as :
Machine 1 = $25,250
Machine 2= $33,667
Machine 3= $42,083
Explanation:
On Initial measurement, IAS 16 requires assets to be measured at cost to the buyer.
Apportion the Cost of $101,000 ($100,000 + $1,000) using individual market values of the assets.
Machine 1 = $30,000 / $120,000 × $101,000
= $25,250
Machine 2= $40,000 / $120,000 × $101,000
= $33,667
Machine 3= $50,000 / $120,000 × $101,000
= $42,083
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
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
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
The capital expansion will cost 320,000. they are planning on receiving a revenue of 3.00 per unit and a varible cost of 1.20 per unit. How many units are needed to break even?
Answer:
177,777.78
Explanation:
Breakeven point is the number of units produced and sold at which net income is equal to zero
Break even point = fixed cost / price - variable cost
320,000 / 3 - 1.2 = 177,777.78
Based on the company’s 2013 10-K, how much long term debt is maturing between 2014 and 2016? Please provide your answer in millions without comma separator or decimal (Ex: 2345).
Answer:
Colgate Palmolive Company
The company's 2013 10-K Long-term debts maturing between 2014 and 2016:
Maturing: Amount
Year $'millions
2014 895
2015 491
2016 255
Total 1641
Explanation:
The long-term debts of Colgate Palmolive, according to the company's 2013 10-K reports are mainly commercial papers and notes, with various maturity dates. These debts would not be paid off in 2013. However, it looks like there was a misclassification of the long-term debts since the 2014 long-term debts would not take more than 12 months to mature. They should have been classified as current out-right, though there was an acknowledgement and indication that some of these long-term debts were maturing currently.
SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250.
Requirement 1:
What is the current ratio? (Round your answer to 2 decimal places (e.g., 3.16).)
Current ratio times
Requirement 2:
What is the quick ratio? (Round your answer to 2 decimal places (e.g., 3.16).)
Answer:
1.
Current ratio = 1.37 times
2.
Quick Ratio = 1.15 times
Explanation:
The current ratio and quick ratios both are measures to assess the liquidity position of businesses. These are useful indicators of how well the business is equipped to meet its current obligations using its liquid assets.
To calculate these ratios, we must first determine the value of current assets. We are given the value of net working capital. The net working capital is the difference between the current assets and the current liabilities.
Net Working capital = Current assets - Current Liabilities
2060 = Current Assets - 5550
2060 + 5550 = Current Assets
Current assets = $7610
Requirement 1.
The current ratio is calculated as follows,
Current Ratio = Current Assets / Current Liabilities
Current ratio = 7610 / 5550
Current Ratio = 1.3711 rounded off to 1.37 times
Requirement 2.
The quick ratio is calculated as follows,
Quick Ratio = (Current Assets - Inventories) / Current Liabilities
Quick Ratio = (7610 - 1250) / 5550
Quick Ratio = 1.1459 rounded off to 1.15 times
Laurel inc and Hardy corp both have 10 percent coupon bonds outstanding, with semiannual interest payments, and both are currently priced at the par value of $1,000. The Laurel, Inc., bond has five years to maturity, whereas the Hardy Corp. bond has 16 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? If the interest rates fall by 2 percent?
Answer:
current bond price $1,000
interest rate 10%
Laurel bond matures in 5 years, 10 semiannual payments
Hardy bonds matures in 16 years, 32 semiannual payments
if market interest increases to 12%
Laurel bond:
$1,000 / (1 + 6%)¹⁰ = $558.39
$50 x 7.36009 (annuity factor, 6%, 10 periods) = $368.00
market price = $926.39
% change = -7.36%
Hardy bond:
$1,000 / (1 + 6%)³² = $154.96
$50 x 14.08404 (annuity factor, 6%, 32 periods) = $704.20
market price = $859.16
% change = -14.08%
current bond price $1,000
interest rate 10%
Laurel bond matures in 5 years, 10 semiannual payments
Hardy bonds matures in 16 years, 32 semiannual payments
if market interest decreases to 8%
Laurel bond:
$1,000 / (1 + 4%)¹⁰ = $675.56
$50 x 8.1109 (annuity factor, 4%, 10 periods) = $405.55
market price = $1,081.11
% change = 8.11%
Hardy bond:
$1,000 / (1 + 4%)³² = $285.06
$50 x 14.08404 (annuity factor, 4%, 32 periods) = $704.20
market price = $1,178.74
% change = 17.87%
Lifeline, Inc., has sales of $603,000, costs of $255,000, depreciation expense of $62,000, interest expense of $29,000, and a tax rate of 30 percent. The firm paid out $45,000 in cash dividends. What is the net income for this firm?
Answer:
The net income of this firm is $179,900.
Explanation:
Net income of firm refers to sales of the firm minus cost of goods, operating expenses, selling and administrative expenses, depreciation, interest expense, taxes, and among others.
Net income is also referred to as net earnings and investors usually employ it as a metric to determine the amount by which a firm's revenue is greater than its expenses.
For this question, net income can be determined by preparing the firm's income statement as follows:
Lifeline, Inc.
Income Statement
For the Year ...
Particular Amount ($)
Sales 603,000
Cost of sales (255,000)
Gross profit 348,000
Depreciation expense (62,000)
Interest expense (29,000)
Income bore tax 257,000
Tax (30% * 257,000) (77,100)
Net income 179,900
Dividends (45,000)
Retained earnings 134,900
From the income statement above, the net income of this firm is $179,900.
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.
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.
____________ 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
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.10 per direct labor hour and the fixed overhead rate is $1.50 per direct labor hour. Andrews expects to have 620 chairs in ending inventory. There is no beginning inventory of office chairs.
Required:
1. Calculate the unit product cost. (Note: Round to the nearest cent.)$
2. Calculate the cost of budgeted ending inventory. (Note: Round to the nearest dollar.)$
Answer:
Instructions are below.
Explanation:
Giving the following information:
Direct material= $14
Direct labor= 1.9 direct labor hours at $16 per direct labor hour.
Variable overhead= $1.10 per direct labor hour
Fixed overhead rate= $1.50 per direct labor hour.
Ending inventory (units)= 620
We can calculate the unitary product cost using the absorption or variable costing method. The first one includes the unitary fixed overhead to the unitary product cost.
Absorption costing:
Unitary cost= 14 + 1.9*16 + (1.1+1.5)*1.9= $49.34
Ending inventory= 49.34*620= $30,590.8
Variable costing:
Unitary cost= 14 + 1.9*16 + 1.1*1.9= $46.49
Ending inventory= 46.49*620= $28,823.8
Intricate Wiring Corp., based in Ohio, creates a brand new high-tech product. The demand for the product in the United States is high but very low or non-existent elsewhere. The company decides not to locate manufacturing facilities elsewhere and will simply meet the small foreign demand via exports. The theory that best explains the company's policy is
Answer:a. product life cycle theory.
Explanation:
The Product Life Cycle Theory was created to explain the International trade pattern of a new product. The theory attempts to show that when a product is first invented, its demand and production inputs such as capital and labor, come from the area it was invented in. As the product starts getting more recognised and it's demand increases elsewhere, it will start to export and then continue until it starts manufacturing in other areas to feed the demand of those areas as well.
Intricate Wiring Corp's new high-tech product is following this theory because it has just started out and so its demand is based in its country of origin being the United States. For as long as this is the case, the company should focus on producing in the United States until demand picks up substantially enough to produce elsewhere.
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
Millitech is a sports equipment manufacturer. It wants to form a merger with an athletic wear company. This would be a
Answer:
Market extension merger.
Explanation:
If a sports equipment manufacturer wants to form a merger with an athletic wear company this would be known as a market extension merger. To further understand what a market extension merger is, here is a brief explanation.
A market extension merger has to do with when two companies that are involved in similar products, either in production or sales come together to combine their different markets. Both companies would benefit from this merger because through this they would reach a bigger customer base.
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
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
A sale by IBM of new stock to the public would be a(n) Group of answer choices secondary-market transaction. short sale. private placement. initial public offering. seasoned equity offering.
Answer:
seasoned equity offering
Explanation:
A sale by IBM of new stock to the public would be a seasoned equity offering. This term refers to when additional shares or bonds are offered for sale by an existing publicly-traded company, such as IBM in this scenario. Usually, these offerings may include shares sold by existing shareholders, new shares, or even maybe both. But in this particular case are new stocks.
An investment of $800 was deposited to a bank semiannually for two years. The bank offered an interest rate of 8%, compounded continuously at the time of deposit. How much money will be in the account at the end of two years
Answer:
The amount of money that will be in the account at the end of two years is $3,533.06.
Explanation:
Since the deposit will be made at the beginning of each period, the relevant formula to use is the formula for calculating the Future Value (FV) of an Annuity Due is employed as follows:
FV = M * {[(1 + r)^n - 1] ÷ r} * (1 + r) ................................. (1)
Where,
FV = Future value or the amount in the account after 2 years =?
M = Semiannual deposit = $800
r = Semiannual interest rate = 8% ÷ 2 = 4%, 0.04
n = Number of periods the deposit will be made = 2 years × 2 = 4
Substituting the values into equation (1), we have:
FV = $800 * {[(1 + 0.04)^4 - 1] ÷ 0.04} * (1 + 0.04)
FV = $800 * 4.246464 * 1.004
FV = $3,533.06
Therefore, the amount of money that will be in the account at the end of two years is $3,533.06.
Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The accounts receivable turnover ratio was
Answer:
9
Explanation:
accounts receivable turnover ratio = net credit sales / average accounts receivables
net credit sales = $7,200,000average accounts receivable = (beginning balance + ending balance) / 2 = ($820,000 + $780,000) / 2 = $1,600,000 / 2 = $800,000accounts receivable turnover ratio = $7,200,000 / $800,000 = 9
The accounts receivable turnover ratio measures how effectively can a company collect its accounts receivables during a certain period.
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
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 70 carts per hour. Workers receive $18 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by 6 carts per hour.
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
B. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
C. Comment on the changes in productivity according to the two measures.
Answer:
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
old system = 70 carts / 6 workers = 11.67 carts per workernew system = 76 carts / 5 workers = 15.2 carts per workerB. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
old system = 70 carts / ($108 + $30) = 0.51 carts per dollarnew system = 76 carts / ($90 + $41) = 0.58 carts per dollarC. Comment on the changes in productivity according to the two measures.
The new system is more productive and efficient since it uses less workers to produce a higher output. The additional costs of implementing the new system are lower than the cost of employing more workers.Explanation:
Multi factor productivity = total output / (cost of wages + material cost + overhead cost)
On December 31, there were 41 units remaining in ending inventory. These 41 units consisted of 5 from January, 7 from February, 9 from May, 7 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory
Answer:
$6,023
Explanation:
Calculation for the Ending inventory
Using this formula
Ending inventory =January units ×costs +February units×costs +May units × cost+September units ×costs + November units × costs
Let plug in the formula
Ending inventory =5×123+7×133+9×143+7×153+13×163
Ending inventory =$615+$931+$1,287+$1,071+$2,119
Ending inventory =$6,023
Therefore the Ending inventory is $6,023