Answer: 1.50
Explanation:
Isabel's portfolio beta is a weighted average of the individual stock betas.
= Weight of stock A * Stock A beta + Weight of stock B * Stock B beta + Weight of stock n * Stock n beta
= (20% * 0.4) + (30% * 1.2) + ( 25% * 2.5) + (25% * 1.75)
= 0.08 + 0.36 + 0.625 + 0.4375
= 1.5025
= 1.50
Which of the following statements is true regarding the establishment of the organizational culture and its effects on the organization?
A) Employees organized in teams always show greater allegiance to the values of the organization as a whole than to their team and its values.
B) Culture acts as a control mechanism and guides the behavior of employees.
C) In a virtual organization a strong culture can be established quickly and easily.
D) Today's trend toward decentralized organizations makes it is easier to establish a strong culture.
E) Cultures reduce the stability of the social system in an organization.
Answer:
Answer is B
Explanation:
Culture acts as a control mechanism and guides the behavior of employees
Statement B) "Culture acts as a control mechanism and guides the behavior of employees" is true regarding the establishment of organizational culture and its effects on the organization.
By the term "organizational culture", we mean the various internal values and practices that are made for the organization. In other words, it means the set values, practices, and behaviors that guide the members of the organization.
The set values may include shared values and beliefs that the leaders expect the members to follow. They may also include the experiences of the members, philosophies that the organization hopes to see in the members and help guide their behavior. The company's beliefs and expectations of its members, and how it helps influence their attitude also embody the organizational culture.This set of cultures help the organization function as a pack/ unit and acts as a control mechanism for the members. It regulates and guides their behavior which helps the organization in maintaining a smooth flowing work ethic. Thus, the correct answer is option B.
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Harper Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $208,879; benefits paid to retirees, $45,678; interest cost, $8,911. There was no amortization of any prior service costs or amortization of gains/losses. The discount rate applied by the actuary was 7%. What was the beginning PBO?
Answer: $127,300
Explanation:
The interest cost for the year is based on the Beginning Pension Benefit Obligation (PBO) in the manner:
Interest cost = Beginning PBO * Discount rate
Beginning PBO can therefore be calculated as:
8,911 = Beginning PBO * 7%
Beginning PBO = 8.911 / 7%
Beginning PBO = $127,300
This information relates to Pharoah Co..
1. On April 5, purchased merchandise from Cullumber Company for $28,600, terms 4/10, n/30.
2. On April 6, paid freight costs of $580 on merchandise purchased from Cullumber Company.
3. On April 7, purchased equipment on account for $32,000.
4. On April 8, returned $3,500 of April 5 merchandise to Cullumber Company.
5. On April 15, paid the amount due to Cullumber Company in full.
Prepare the journal entries to record the transactions listed above on Pharoah Co.'s books. Pharoah Co. uses a perpetual inventory system.
Answer and Explanation:
The journal entries are shown below:
On April 5
Inventory Dr $28,600.00
To Accounts payable $28,600.00
(Being purchase of inventory on account is recorded)
On April 6
Inventory Dr $580.00
To Cash $580.00
(Being freight payment is recorded)
On April 7
Equipment Dr $32,000.00
To Accounts payable $32,000.00
(Being purchase of equipment is recorded)
On April 8
Accounts payable Dr $3,500.00
To Inventory $3,500.00
(Being purchase returns is recorded)
On April 15
Accounts payable Dr $25,100.00 ($28,600- $3,500)
To Cash $24,096.00
To Inventory $1,004.00 ($25,100 × 4%)
(Being payment to the supplier is recorded)
9.4 Working Capital. Identify the working capital accounts related to (a) revenues recognized and deferred, (b) cost of goods sold, (c) employee salary and wages, and (d) income tax expense. For each account, indicate whether an increase in the working capital asset or liability would be an addition or subtraction when reconciling from net income to cash flows from operations
Answer:
(a) revenues recognized and deferred,
a decrease in deferred revenues and a recognition of accrued revenues results in higher working capital (current assets increase while current liabilities decrease)
(b) cost of goods sold,
An increase in cost of goods sold results in a decrease of inventories, therefore, working capital decreases (less current assets)
(c) employee salary and wages
employee wages decrease cash (if they are paid) or increase wages payable (current liability) if they are not paid yet. It decreases working capital
(d) income tax expense.
income taxes decrease cash (if they are paid) or increase income taxes payable (current liability) if they are not paid yet. It decreases working capital
Required information Skip to question Information for Pueblo Company follows: Product A Product B Sales Revenue $ 59,000 $ 51,000 Less: Total Variable Cost $ 11,400 $ 31,500 Contribution Margin $ 47,600 $ 19,500 Determine its break-even sales dollars if total fixed costs are $42,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$68,852.46
Explanation:
The computation of the break even sales dollars is shown below:
Product Sales variable cost Contribution
A $59,000 $11,400 $47,600
B $51,000 $31,500 $19,500
Total $110,000 $67,100
Now the break even sales dollars is
= $42,000 ÷ $67,100 ÷ $110,000
= $42,000 ÷ 0.61
= $68,852.46
During the meeting, Carlos has been emphasizing the importance of the change, and trying to persuade employees to accept the transition. He also thinks losing employees may be acceptable if they cannot accept the change. According to Lewin’s force field analysis model, Carlos behaviors reflect his effort to facilitate the ______ process.
Answer:
During the meeting, Carlos has been emphasizing the importance of the change and trying to persuade employees to accept the transition. He also thinks losing employees may be acceptable if they cannot accept the change. According to Lewin’s force field analysis model, Carlos's behaviors reflect his effort to facilitate the change process.
Explanation:
Lewin's Force Field Theory has a three-stage theory, the Unfreezing, Change, and the Refreezing stages. This theory talks about how organizations are pushed toward change by driving forces.
This desired change starts by unfreezing the behaviors that are not wanted, in other words, Carlos would make employees see the need to embrace change for the company to move forward. While the Change theory talks about the transition to that desired behavior and the actual change is implemented. Finally, the Refreezing theory aims to make the change permanent as people tend to easily go back to behaviors they have been used to because employees may resist change due to their desire to remain in their comfort zones. Behaviors of employees could point to the driving and restraining forces in an organization.
Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,870 and the bank balance on the bank statement was $3,040. Outstanding checks totaled $740 and deposits in transited were $460. The bank statement revealed that a check written for $180 was incorrectly recorded by Brockton as a $280 disbursement. The bank statement listed service charges and NSF check charges totaling $210. The corrected cash balance is:
Answer:
$8,000
Explanation:
The corrected cash balance is $8,000
In 20X1, Modern Property Groups collected rent revenue for 20X2 tenant occupancy. For financial reporting, the rent is recorded as deferred revenue and then recognized as income in the period tenants occupy rental property. But for income tax reporting it is taxed when collected. The deferred portion of the rent collected in 20X1 was $40,000. Taxable income is $100,000. No temporary differences existed at the beginning of the year, and the tax rate is 30%. The journal entry to record income taxes at the end of 20X1 includes (Select all that apply.)
Answer:
Debit deferred tax asset for $12,000
Debit income tax expense for $18,000
Credit income tax payable for $30,000
Explanation:
The journal entries will look as follows:
Date Account Name and Description Debit ($) Credit ($)
20X1 Deferred tax asset (w.1) 12,000
Income tax expense (w.3) 18,000
Income tax payable (w.2) 30,000
(To record income taxes at the end of 20X1.)
Workings:
w.1: Deferred tax asset = Deferred portion of the rent collected in 20X1 * Tax rate = $40,000 * 12% = $12,000
w.2: Income tax payable = Taxable income * Tax rate = $100,000 * 30% = $30,000
w.3: Income tax expense = Income tax payable - Deferred tax asset = $30,000 - $12,000 = $18,000
The owner of a fast-food franchise has exclusive rights to operate in a medium-size metropolatin area. The owner currently has a single outlet open, which has proved to be very popular, and there are often waiting lines of customers. The owner is therefore considering opening one or more outlets in the area. What are the key factors that the owner should investigate before making a final decision
Answer:
The key factors that the owner should look at are:
Estimated budget for opening the new restaurant. The owner has to pay for each franchise restaurant, plus the equipment, furniture, and rent. Target market and potential demand. The restaurant current demand is very high, but will it be high if another restaurant opens.Location is extremely important for any business, and a restaurant is not the exception.On January 1, a company issues 8%, 5-year, $300,000 bonds that pay interest semiannually. On the issue date, the annual market rate of interest is 6%. The following information is taken from present value tables: Present value of an annuity (series of payments) for 10 periods at 3%8.5302 Present value of an annuity (series of payments) for 10 periods at 4%8.1109 Present value of 1 (single sum) due in 10 periods at 3%0.7441 Present value of 1 (single sum) due in 10 periods at 4%0.6756 What is the issue (selling) price of the bond
Answer: $325,592
Explanation:
Selling price of bond = Present value of coupon payments + Present value of Par value
No. of periods = 5 * 2 = 10 semi annual periods
Coupon payments = 300,000 * 8% * 1/2 = $12,000
Periodic interest = 6% / 2 = 3% per period
Selling price = (12,000 * Present value of annuity factor, 10 periods, 3%) + (300,000 * Present value of single sum, 10 periods, 3%)
= (12,000 * 8.5302) + (300,000 * 0.7441)
= $325,592
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $16,000 cash deposit in checking account. $46,000 bond investment due in 20 years. $11,500 U.S. Treasury bill due in 1 month. $850, 3-year loan to an employee. $3,600 of currency and coins. $1,150 of accounts receivable.
Answer:
Specter Co.
The amount reported on the year-end balance sheet for cash and cash equivalents is:
= $31,100.
Explanation:
a) Data and Calculations:
Cash deposit in checking account = $16,000
Bond investment due in 20 years = $46,000
US Treasury bill due in 1 month = $11,500
3-year loan to an employee = $850
Currency and coins = $3,600
Accounts receivable $1,150
Cash and Cash Equivalents:
Cash deposit in checking account $16,000
US Treasury bill due in 1 month 11,500
Currency and coins 3,600
Total cash and cash equivalents = $31,100
b) Cash and Cash Equivalents are Specter's assets that are in the form of cash (currency and coins) and Specter's assets that can be readily converted into cash (Treasury bills and notes, commercial papers. certificates of deposit, money market funds, and cash management pools).
The following transactions occurred over the months of September to December at Nicole’s Getaway Spa (NGS).
September
Sold spa merchandise to Ashley Welch Beauty for $1,600 on account; the cost of these goods to NGS was $820.
October
Sold merchandise to Kelly Fast Nail Gallery for $370 on account; the cost of these goods to NGS was $160.
November
Sold merchandise to Raea Gooding Wellness for $220 on account; the cost of these goods to NGS was $150.
December
Received $1,080 from Ashley Welch Beauty for payment on its account.
Required:
1.
Prepare journal entries for each of the transactions. Assume a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
2. Estimate the Allowance for Doubtful Accounts required at December 31, assuming the only receivables outstanding at December 31 arise from the transactions listed above. NGS uses the aging of accounts receivable method with the following uncollectible rates: one month, 1%; two months, 5%; three months, 20%; more than three months, 40%.
3. The Allowance for Doubtful Accounts balance was $43 (credit) before the end-of-period adjusting entry is made. Prepare the journal entry to account for the Bad Debt Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
4.
Assume the end of the previous year showed net accounts receivable of $760, and net sales for the current year are $8,600. Calculate the accounts receivable turnover ratio. (Do not round intermediate calculations. Round your answer to 1 decimal place.)
5.
Audrey’s Mineral Spa has an accounts receivable turnover ratio of 8.0 times. How does NGS compare to this competitor?
Answer:
Following are the solution to the given points:
Explanation:
In point a:
Following are the Journal entries of Nicole's Getaway Spa Books:
Month Title Account Dr Cr
September receivable Accounts 1,600
Sales 1,600
Sold gold cost 820
inventory Merchandise 820
October receivable Accounts 370
Sales 370
Sold gold cost 160
inventory Merchandise 160
November receivable Accounts 220
Sales 220
Sold gold cost 150
inventory Merchandise 150
December Cash 1,080
receivable Accounts 1,080
In point b:
Estimated Doubt Debt Allowance:
Class of age Quantity The proportion is Doubting debt
considered uncollectible allowance
1 month - [tex]1\%[/tex] -
2 month 220 [tex]5\%[/tex] 11
3 month 370 [tex]20\%[/tex] 74
More than 520 [tex]40\%[/tex] 208
3 month
1,110 293
In point c:
The Doubtful Account Balance amounts to [tex]\$43[/tex] before aging analysis is performed. Therefore, its amount of bad debt is [tex]\$293-43 \ or \ \$250[/tex]. Due ought to be the writing system Costs of poor debt [tex]\$ 250 \ US\ dollars[/tex] Doubtful cashback rewards allowance [tex]\$ 250 \ US\ dollars[/tex].
In point d:
Accounts receivable is calculated as total earnings accounts receivable. It is 8.600 / 760 and 11.32 time for NGS thus.
In point e:
Especially in comparison to both the Mineral Spa in Audrey, NGS' account receivable performance is quite healthy.
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $2.50 per share.
Required:
a. Determine the total compensation cost pertaining to the RSUs.
b. Prepare the appropriate journal entry to record the award of RSL's on January 1, 2021.
c. Prepare the appropriate journal entry to record compensation expense on December 31, 2021.
d. Prepare the appropriate journal entry to record compensation expense on December 31, 2022.
e. Prepare the appropriate journal entry to record compensation expense on December 31, 2023.
f. Prepare the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.
Answer:
1.$30 million
2b. No ournal entry required
3 c. Dr. compensation expense $10million
Cr. paid in capital - restricted stock $10million
4. Dr. compensation expense $10million
Cr. paid in capital - restricted stock $10million
5. e. Dr. compensation expense $10million
Cr. paid in capital - restricted stock $10million
6.f Dr. paid in capital - restricted stock $30million
Cr. common stock $12million
paid in capital - excess of par $18million
Explanation:
1. Calculation to determine Determine the total compensation cost pertaining to the RSUs.
Total compensation cost pertaining to the RSUs.
=$2.50 fair value per share × 12million shares represented by RSUs granted
Total compensation cost pertaining to the RSUs=$30million
2.b. Preparation of the appropriate journal entry to record the award of RSL's on January 1, 2021.
No ournal entry required
3 c. Preparionn of the appropriate journal entry to record compensation expense on December 31, 2021.
Dr. compensation expense $10million
($30 million/3 years )
Cr. paid in capital - restricted stock $10million
4. d. Preparation of the appropriate journal entry to record compensation expense on December 31, 2022.
Dr. compensation expense $10million
Cr. paid in capital - restricted stock $10million
($30 million/3 years )
5. e. Preparation of the appropriate journal entry to record compensation expense on December 31, 2023.
Dr. compensation expense $10million
Cr. paid in capital - restricted stock $10million
($30 million/3 years )
6.f Preparation of the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.
Dr. paid in capital - restricted stock $30million
Cr. common stock $12million
paid in capital - excess of par $18million
($30 million-$12 million)
.
When this market is in equilibrium, price is $ $6 and quantity bought and sold is 300 units. In equilibrium, consumer surplus is equal to $ and producer surplus is equal to $ . Assume government has imposed a price ceiling that requires sellers to charge a price of $4 (no higher). Given the new price, the quantity demanded is and the quantity supplied is , but the quantity bought and sold in this market will be . Using the price of $4 and the quantity bought and sold, consumer surplus is equal to $ , producer surplus is equal to $ , and deadweight loss is $ .
Answer: hello your question is incomplete attached below is the missing information
Answer :
$900
$600
Given the new price of $4 by Government
quantity demanded = 400 units
quantity supplied = 150 units
quantity bought and sold = 150 units
$975$150 $375Explanation:
Consumer surplus ( area below demand curve and above $300
= Area of triangle = 0.5 * base * height
= 0.5 * 300 ( 12 - 6 ) = $900
producer surplus ( area above supply curve and below $300
= Area of the triangle = 0.5 * 300 ( 6-2 ) = $600
Given the new price of $4 by Government
quantity demanded = 400 units
quantity supplied = 150 units
quantity bought and sold = 150 units
Consumer surplus ( area of triangle + area of rectangle )
= 0.5 * 150 * ( 12-9 )+ L*B
= 0.5 * 150 * ( 3 ) + 150 * ( 9 - 4 ) = $975
producer surplus ( Area of triangle )
= 0.5 * 150 * (4-2) = $150
deadweight loss ( area of triangle )
= 0.5 * ( 300 - 150 ) ( 9-4 )
= $375
A certificate of deposit (CD) is an agreement between a bank and a saver in which the bank guarantees an interest rate and the saver commits to leaving his or her deposit in the account for an agreed-upon period of time. National Trust Savings offers five-year CDs at 8.26% compounded daily, and Bank of the Future offers five-year CDs at 8.29% compounded annually. Compute the annual yield for each institution. (Round your answers to two decimal places.)
Answer:
8.25 / 365 = 0.0226027397 percent daily interest
So the daily compounding gives you
1.000226027397 on your money each day
1.000226027397^365 = 1.08598855
So this one is better, it's nearly 8.6 % yield,
vs less than 8.3% for the one with annual compounding.
Take 1.0828 or 1.0860 to the fifth power to see the difference over 5 years.
On July 15, Piper Co. sold $24,000 of merchandise (costing $12,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions. On November 3, the Milwaukee Bucks sold a six game pack of advance tickets for $720 cash. On November 20, the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions.
Answer:
July 15
Dr Cash $24,960
Cr Sales $24,000
Cr Sales Taxes Payable $960
Dr Cost of Goods Sold $12,000
Cr Merchandise Inventory $12,000
On August 1
Dr Sales Taxes Payable $960
Cr Cash $960
On November 3
Dr Cash $720
Cr Unearned Ticket Revenue $720
On November 20
Dr Unearned Ticket Revenue $120
Cr Ticket Revenue $120
Explanation:
Preparation of the journal entries
July 15
Dr Cash $24,960
($24,000+$960)
Cr Sales $24,000
Cr Sales Taxes Payable $960
($24,000*4%)
Dr Cost of Goods Sold $12,000
Cr Merchandise Inventory $12,000
On August 1
Dr Sales Taxes Payable $960
Cr Cash $960
($24,000*4%)
On November 3
Dr Cash $720
Cr Unearned Ticket Revenue $720
On November 20
Dr Unearned Ticket Revenue $120
Cr Ticket Revenue $120
(1/6*$720)
Max, Inc., has two divisions, South Division and North Division. South Division's sales, contribution margin ratio, and traceable fixed expenses are $500,000, 60%, and $100,000, respectively. What is the segment margin for the South Division
Answer:
$200,000
Explanation:
Segment Margin is Profit wholly controlled by a specific division. Now, this excludes shared costs from the central Head Office.
The segment margin for the South Division is calculated as follows :
Sales $500,000
Less Variable Costs (40% x $500,000) ($200,000)
Contribution (60% x $500,000) $300,000
Less Traceable Fixed Expenses ($100,000)
Segment Margin $200,000
Conclusion
The segment margin for the South Division is $200,000
Blue Co. had the following first-year amounts related to its $12,000,000 construction contract: Actual costs incurred and paid $ 3,000,000 Estimated remaining costs to complete 6,000,000 Progress billings 3,500,000 Cash collected 3,100,000 Assuming the contract qualifies for revenue recognition over time, what total amount (excluding cash) should Blue Co. recognize as current assets at year end
Answer:
$900,000
Explanation:
The computation of the total amount excluding cash is shown below:
But before that following calculations need to be done
% completion during the year is
= $3,000,000 ÷ ($3,000,000 + $6,000,000)
= 33.3333%
Now Total revenue to be recognized for the year is
= $12,000,000 × 33.33333%
= $4,000,000
Profit for the year is
= $4,000,000 - $3,000,000
= $1,000,000
Now Accounts receivables at the end of year is
= Billings - Collection
= $3,500,000 - $3,100,000 = $400,000
Now Cost and profits in excess of billings
= ($3,000,000 + $1,000,000) - $3,500,000
= $500,000
And, finally Total amount of current assets to be recognize at year end is
= $400,000 + $500,000
= $900,000
Explain why unions play a reduced role in the US economy today.
Answer:
I won`t lie, unions are useless. They got everything they need.
Explanation:
There used to working conditions for absolute terrible . Then unions took action, boom done. Now unions is all about money. The leaders get rich off of people who want better pay like 15 bucks to flip a burger. That is just well, sad to be payed 15 an hour to flip burgers at a fast food place meant for high schoolers. See what I am saying?
Answer:
Unions are good for all workers. They improve wages, benefits, and working conditions, and helped create the middle class. Unions raise wages for all workers. ... Even today, union workers earn significantly more on average than non-union counterparts and union employers are more likely to provide benefits
Explanation:
Edge 2021
What is the largest concern regarding the
'educate' and 'support' steps in the
process of implementing change?
A. Time
B. Expense
C. Difficulty
You own 200 shares of Loner stock. The firm announced that it will be issuing a dividend of $.20 a share one year from today followed by a final liquidating dividend of $1.60 a share two years from today. If you can earn 7 percent on your funds, what will be the value of your total investment income in two years if you do not want to receive any funds until then
Answer:
value of your total investment income 362.80
Explanation:
The computation of the value of your total investment income in two years is shown below
Value of Dividend after 2 years (200 × .20 × 1.07)42.80
Value of Liquidating Dividend (200 × 1.60) 320.00
value of your total investment income 362.80
The value of your total investment income in two years from today, will be 362.80
What is investment income?Investment income refers to the profit that is earned from investments like real estate and stock sales
The computation of the value of your total investment income in two years is shown below:
Value of Dividend after 2 years
= (200 × .20 × 1.07)
= 42.80
Value of Liquidating Dividend
= (200 × 1.60)
= 320.00
value of your total investment income
= 362.80
Hence, the value of your total investment income in two years from today will be 362.80
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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price or Rate Standard Cost Direct materials 2.50 ounces $ 28.00 per ounce $ 70.00 Direct labor 0.50 hours $ 13.00 per hour 6.50 Variable manufacturing overhead 0.50 hours $ 3.60 per hour 1.80 $ 78.30 During November, the following activity was recorded relative to production of Fludex: a. Materials purchased, 13,500 ounces at a cost of $361,800. b. There was no beginning inventory of materials; however, at the end of the month, 2,900 ounces of material remained in ending inventory. c. The company employs 21 lab technicians to work on the production of Fludex. During November, they worked an average of 140 hours at an average rate of $11.50 per hour. d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $4,400. e. During November, 4,200 good units of Fludex were produced . Required: For direct materials: a. Compute the price and quantity variances. (Round your "price per ounce" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract?
Answer:
A. Materials price variance 16,200 F
Materials quantity variance 2,800 U
B. Yes
Explanation:
A. Computation for the price and quantity variances For direct materials
Calculation for Materials price variance
Materials price variance=361,800-(13,500*28)
Materials price variance=361,800-378,000
Materials price variance=16,200 FAVOURABLE
Calculation for Materials quantity variance
First step is to calculate Actual materials used
Actual materials used=13,500-2,900
Actual materials used=10,600
Now let compute the Materials quantity variance
Materials quantity variance=28*(10,600-4,200*2.5)
Materials quantity variance=2,800
UNFAVORABLE
Therefore the price will be 16,200 FAVOURABLE and quantity variances will be 2,800 UNFAVORABLE For direct materials
B. Based on the above calculation I Would recommend that the company sign the contract because Materials variance is Favorable
A company's income statement showed the following: net income, $134,000; depreciation expense, $40,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $11,400; merchandise inventory increased $28,000; prepaid expenses increased $8,200; accounts payable increased $5,400. Calculate the net cash provided or used by operating activities.
Answer:
the net cash provided by operating activities is $168,600
Explanation:
Cash flow from operating activities
net income, $134,000
adjust for non-cash items
add depreciation expense, $40,000
less gain on sale of plant assets, $14,000
adjust for changes in working capital
decrease in accounts receivable $11,400
increase in merchandise inventory ($28,000)
increase in prepaid expenses ($8,200)
increase in accounts payable $5,400
net cash provided by operating activities $168,600
Bramble Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $569,900 (cost of $500,000). The terms are net 30. If Danone pays within 5 days, however, it receives a cash discount of $9,900. Past history indicates that the cash discount will be taken. On January 28, 2020, Danone makes payment to Bramble for the full sales price.
Required:
Prepare the Journal entry(ies) to record the sale and related cost of goods sold for Jupiter Company on January 2, 2020.
Answer:
Because past history has shown that Danone will take the cash discount, it will be removed from the journal entry:
= Notes payable - discount
= 569,900 - 9,900
= $560,000
Date Account Title Debit Credit
Jan. 2, 2020 Notes Receivable $560,000
Sales Revenue $560,000
Cost of Goods sold $500,000
Inventory $500,000
Given Table 12-6 below, fill in the values for saving. Assume taxes = $800.
Table 12-6
National Income
$11,400
11,800
12,200
12,600
Consumption
$7,500
7,800
8,100
8,400
What are the savings .
Answer:
Saving = National Income - Consumption - Taxes
Explanation:
Savings are the part of income that is not spent or paid in taxes. So it can be calculated by subtraction consumption from the national income.
National Income (Y) = C+ T + S
Therefore,
S= Y - C - T
That is the part of income that is not spent or paid in taxes is called savings.
National Income Consumption Taxes Savings
$11,400 $7,500 $800 $3,100
$11,800 $7,800 $800 $3,200
$12,200 $8,100 $800 $3,300
$12,600 $8,400 $800 $3,400
The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.) Mortgage payable $2,443 Accumulated depreciation $3,655 Prepaid insurance 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2022 1,200 Long-term investments 1,100 Common stock 5,000 Short-term investments 3,690 Retained earnings 8,480 Notes payable in 2022 1,000 Accounts receivable 1,696 Cash 2,600 Inventories 1,756
Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List current assets in order of liquidity.)
Answer and Explanation:
The preparation of the classified balance sheet is presented below:
Buttercup Company
Balance Sheet
December 31, 2022
(in thousands)
Assets
Current Assets
Cash $2,600
Short-term investments $3,690
Accounts receivable $1,696
Inventories $1,756
Prepaid expenses $880
Total current assets $10,622
Long-term investments $1,100
Property, plant, and equipment
Property, plant, and equipment $11,500
Less: Accumulated depreciation -$3,655 $7,845
Total assets $19,567
Liabilities and Owner's Equity
Current liabilities
Notes payable in 2022 $1,000
Accounts payable $1,444
Total current liabilities $2,444
Long-term liabilities
Mortgage payable $2443
Notes payable (after 2022) $1,200
Total long-term liabilities $3,643
Total liabilities $6,087
Owner's equity
Owner’s capital $13,480 ($5,000 + $8,480)
Total liabilities and owner's equity $19,567
Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year:
Activity Expected Cost Activity Driver Activity Capacity
Setting up equipment $120,000 Number of setups 300
Ordering costs 90,000 Number of orders 9,000
Machine costs 210,000 Machine hours
21,000
Plata produces two models of microwave ovens with the following activity demands:
Model X Model Y
Units completed 8,000 4,000
Number of setups 200 100
Number of orders 3,000 6,000
Machine hours 12,000 9,000
The company's normal activity is 21,000 machine hours.
Calculate the total overhead cost that would be assigned to Model X using an activity-based costing system ______________
Answer:
GU
Model X Model Y
Units completed 8,000 4,000
Number of setups 200 100
Number of orders 3,000 6,000
Machine hours 12,000 9,000
4,000
Number of setups 200 100
Number of orders 3,000 6,000
Machine hours 12,000 9,000
The company's normal activity is 21,000 machine hours.
Calculate the total overhead cost that would
Taking into account the time value of money and assuming that 100 percent of a customer segment will have experienced attrition once the net present value of annual profits per customer falls below ¥100, what is the lifetime value to MBC of the following customers? A Little Leaguer A Summer Slugger An Elite Ballplayer if MBC places the ad in the local baseball enthusiasts magazine An Elite Ballplayer if MBC purchases the list and invites all target customers to the gala event An Entertainment Seeker
Answer:
hello your question is incomplete attached below is the missing information
a) 8848.32 yen
b) 1732.95 yen
c) 13487.95 yen
d) 22578.86 yen
e) 248 yen
Explanation:
a) Determine for A little leaguer
At year 15 the NPV annual profit for each customer will fall below 100. hence the lifetime value for each customer will be calculated as :
= ( 9733 / ( 1 + 0.1 ) 15 ) - 10000 = 8848.32 yen
b)Determine for A summer slugger
At year 7 the NPV annual profit for each customer will fall below 100. hence The lifetime value for each customer will be calculated as
= ( 1906 / ( 1 + 0.1 ) 7 ) - 10000 = 1732.95 yen
c) calculate for An elite Ballplayer ( when MBC places ad )
At year 12 the NPV annual profit for each customer will fall below 100. Hence the lifetime value for each customer will be calculated as
=( 13547.31 / ( 1 + 0.1 ) 12 ) - 60000 = 13487.95 yen
d) calculate for An Elite Ballplayer ( when MBC purchases the list )
At year 12 the NPV annual profit for each customer will fall below 100. Hence the lifetime value for each customer will be calculated as
= ( 22638.22 / ( 1 + 0.1 ) 12 ) - 50000 = 22578.86 yen
e) Calculate for An entertainment seeker
At year 4 the NPV annual profit for each customer will fall below 100, Hence the lifetime value for each customer can be calculated as
= ( 273 / ( 1 + 0.1 ) 4 ) - 2000 = 248 yen
There are currently 487 students enrolled in Webster Elementary School, and the number of students is decreasing at the rate of 16 students per year. Currently the annual expense to educate one student is $1,256, and the expense to educate one student is increasing at the rate of $36 per year. Use the product rule to determine the rate at which the total expense to educate the students at Webster Elementary School is currently changing per year.
Answer:
The total expense to educate the students at Webster Elementary School is currently changing per year = $2564
Explanation:
Given - There are currently 487 students enrolled in Webster Elementary School, and the number of students is decreasing at the rate of 16 students per year. Currently the annual expense to educate one student is $1,256, and the expense to educate one student is increasing at the rate of $36 per year.
To find - Use the product rule to determine the rate at which the total expense to educate the students at Webster Elementary School is currently changing per year.
Proof -
Total number of students = 487
Students decreasing rate per year = 16 students
Annual expense to educate 1 student = $ 1256
The increasing rate for 1 student per year = $ 36
Now,
Total increasing cost = 487 × 36 = $ 17532
Now,
Total cost of decreasing students per year = $ 1256 ×16 = $ 20096
Now,
Rate of change = $ 20096 - $ 17532 = $2564
∴ we get
The total expense to educate the students at Webster Elementary School is currently changing per year = $2564
jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $10,000 dividend to Jazz Corporation. Jazz Corporations taxable income (loss) before the dividend income was ($2,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation
Answer: $2,000
Explanation:
When a corporation owns less than 20% of another corporation, only 50% of the dividend it receives can be used as a deduction.
In this case, Jazz owns less than 10% of Mitchell and so can use 50% of $10,000 as a deduction:
= 50% * 10,000
= $5,000
However, Jazz incurred a loss of $2,000 which means that they will only need to deduct that $2,000 from the allowable $5,000.