Answer:
Under/over applied overhead= $21,000 overapplied
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 280,000/2,000
Predetermined manufacturing overhead rate= $140 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 140*2,400
Allocated MOH= $336,000
Finally, the under/over allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 305,000 - 336,000
Under/over applied overhead= $21,000 overapplied
If the volume of sales is $7,000,000 and sales at the break-even point amount to $4,800,000, the margin of safety is 45.8%.
A. True
B. False
You company is considering launching a new product that will increase inventory by $50,000 and increase accounts receivables by $23,000. What is the effect of these change in net working capital (NWC) on cash flow at the beginning of the project
Answer:
Cash outflow of $73,000
Explanation:
The computation of the impact of these changed in the net working capital is shown below:
= Increase in inventory + increase in account receivable
= $50,000 + $23,000
= $73,000
The $73,000 shows the outflow of the cash
We simply applied the above formula so that the correct value could come
And, the same is to be considered
AAA has a contract to build a building for $ 100,000 with an estimated time to completion of three years. A reliable cost estimate for the project is $ 60,000. In the first year of the project, AAA incurred costs totaling $ 24,000. How much profi t should AAA report at the end of the fi rst year under the percentage-of-completion method?
Answer:
the profit that should be recorded is $16,000
Explanation:
The computation of the profit that should be reported is shown below:
= (Incurred cost ÷ Estimation of the cost × Contract price) - (Incurred cost)
= ($24,000 ÷ $60,000 × $100,000) - ($24,000)
= $40,000 - $24,000
= $16,000
Hence, the profit that should be recorded is $16,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
How does the fraction of millennials with at least $100,000 in retirement compare to the portionof millennials who have no retirement savings?
Answer:
Explanation:
We can tell that there exist almost or around 4 times as many Millenials who have been able to save absolutely nothing, compared to the ones that were able to save, or have up to or more than $100,000.
This means only 1 in 4 millenials have up to or more than $100,000
The fraction of millennials with at least $100,000 in retirement compared to the portion of millennials who have no retirement savings is 1:4.
According to some articles, a survey was conducted that showed that millennials usually save money. It was noted that about 59% have $15000 or more in their account.
Also, it was found that one in four millennials have $100000 or more on their account. This means that one in every four millenials has up to $100,000 or more in savings.
Read related link on:
https://brainly.com/question/17154906
Give an example of being a hygiene theory in life??
plz help plz its due todAYYYY!!!!!
Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $5.10 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell
Answer:
PV = $78.46153 rounded off to $78.46
Explanation:
A perpetuity is an unlimited series of cash flows that are of constant amount and occur after equal intervals of time. As they are unlimited in number, we say that they are perpetual. A perpetual preferred stock can also be said to be in form of a perpetuity as it pays a constant dividend after equal intervals of time. To calculate the price of the preferred stock, we use the present value of perpetuity formula which is,
PV = Cash flow / r
Where,
r is the required rate of returnPV = 5.1 / 0.065
PV = $78.46153 rounded off to $78.46
You are buying a new car. Car option "A" gets 18 miles per gallon of gas (MPG) and has a monthly payment of $368. Car option "B" is a hybrid and gets 60 MPG with a monthly payment of $409. Gas costs $2.89 per gallon. You drive an average of 12,000 miles per year. What is the annual difference in the cost between the two cars in gasoline plus monthly payment per month?
Answer:
=$856.67
Explanation:
Car option A
The total costs of option A for one year
Monthly repayment : $368 x 12 = $ 4,416
Gas
Consumption at 18 miles per gallons, for 12,000 miles
the consumption will be 12,000 / 18 = 666.67 gallons
cost of gas consumed : $2.89 x 666.67 = $1,926.67
The total cost of Car Option " A " is monthly repayments plus the cost of gas
=$ 4,416 + $1,926.67
=$ 6,342.67
Car option B
The total annual cost for car option B
monthly repayments :$409 x 12 = $ 4,908
cost of gas: consumption 60 per gallons, for 12,000miles
=12,000 /60 =200 gallons
cost of gas: 200 x $2.89= $578
Total cost for car option B
=$ 4,908 + $578
=$ 5,486
Annual difference :
=$6,342.67 - $5,486
=$856.67
John's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $500,000. He estimates that the boat he wants will cost $400,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 10% (compounded annually) to buy the boat at retirement?
Answer:
PV= $248,368.53
Explanation:
Giving the following information:
Future Value (FV)= $400,000
Number of periods (n)= 5
Interest rate (i)= 10% = 0.1
To calculate the present value (PV), we need to use the following formula:
FV= PV*(1í)^n
Isolating PV:
PV= FV/(1+i)^n
PV= 400,000 / (1.1^5)
PV= $248,368.53
Schraeder Corporation has 20,000 shares outstanding at $30 each. The firm expects to raise $200,000 via a rights offering at a subscription price of $25. How many rights are required for each new share?
Answer:
3 right/shares
Explanation:
Price per unit of shares issued under “Rights issue” = Total proceeds from rights issue/ Subscription price of share issued under rights issue = 200,000 / $25 = 8,000
Number of new shares = 8,000
Original number of shares = 20,000
Thee number of rights required for each new share = Original number of shares / Number of new shares = 20,000 / 8,000 = 2.5 = 3 right/shares (approx)
Angela wants to sell her business. Sadie has expressed an interest in purchasing it, but is worried about whether or not she will qualify a loan with the interest rates going up. Sadie is worried about a/an
Answer:
Economic force.
Explanation:
In this scenario, Angela wants to sell her business. Sadie has expressed an interest in purchasing it, but is worried about whether or not she will qualify a loan with the interest rates going up. Thus, Sadie is worried about an economic force.
An economic factor can be defined as factors such as recession, inflation or interest rate that affects or influences the decision of consumers whether or not to invest or buy a product, service or product.
Kris Kerpstra is an employee for General Dynamics. Kris would be considered a human resource.
Answer:
I NEED THIS ANSWERRR TOOO!!
Explanation:
Answer:
Trisha wishes that she and Bo could become better friends. This is an example of an (Non) economic want.
Explanation:
Its not a economic want
m is expected to pay a dividend of $2.45 next year and $2.60 the following year. Financial analysts believe the stock will be at their price target of $95 in two years. Compute the value of this stock with a required return of 12.4 percent.
Answer:
$79.43
Explanation:
Year Return Amount($) PV factor for 12.4% Present Value
1 Dividend 2.45 0.890 2.179715
2 Dividend 2.6 0.792 2.057978
2 Value of share 95 0.792 75.19535
at end of tr 2
TOTAL $79.43304
Thus, the present value of share is $79.43
Ed Scahill has acquired a monopoly on the production of baseballs (don’t ask how), and faces the demand and cost situation given in the following table:
P Q Revenue MR TC MC
20 15000 330000
19 20000 365000
18 25000 405000
17 30000 450000
16 35000 500000
15 40000 555000
a. Fill in the remaining values in the table.
b. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
c. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Answer:
a. See part a of the attached excel file for the filling of the remaining values.
b. Ed should sell at the price of $16 and he should sell 35,000 baseballs. Therefore, his profit will be $60,000.
c. Ed should still sell at the price of $16 and he should sell 35,000 baseballs. But, his profit will be $10,000.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation to the answer is now given as follows:
a. Fill in the remaining values in the table.
Note: See part a of the attached excel file for the filling of the remaining values.
In the attached excel file, the following formula is used.
Revenue = P * Q
MR = Current MR – Previous MR
MC = Current MC – Previous MC
b. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
Ed will maximize profit where his MR = MC.
In the part a of the attached excel file, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 500,00
Therefore, Ed should sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 500,000 = 60,000
Therefore, his profit will be $60,000.
c. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Note: See part c of the attached excel file the new table showing the effect of $50,000 tax per week.
The imposition of $50,000 tax per week will make the total cost (TC) of Ed to increase by $50,000.
Therefore, we add $50,000 to each of the TC as shown in the part c of the attached excel file.
Just like before, Ed will maximize profit where his MR = MC.
In the part c of attached excel file, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 550,00.
Therefore, Ed should still sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 550,000 = 10,000
Therefore, his profit will be $10,000.
The number of people willing and able to acquire things at various prices during a particular period of time is known as demand.
A. Fill in the remaining values in the table.
Note: See part a of the attached excel picture for the filling of the remaining values.
In the attached excel Picture, the following formula is used.
Revenue = P * Q
MR = Current MR – Previous MR
MC = Current MC – Previous MC
B. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
Ed will maximize profit where his MR = MC.
In the part a of the attached excel picture, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 50000
Therefore, Ed should sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 500,000 = 60,000
Therefore, his profit will be $60,000.
C. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Note: See part c of the attached excel picture the new table showing the effect of $50,000 tax per week.
The imposition of $50,000 tax per week will make the total cost (TC) of Ed to increase by $50,000.
Therefore, we add $50,000 to each of the TC as shown in the part c of the attached excel picture.
Just like before, Ed will maximize profit where his MR = MC.
In the part c of attached excel picture, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 55000.
Therefore, Ed should still sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 550,000 = 10,000
Therefore, his profit will be $10,000.
To know more about demand and cost, refer to the link:
https://brainly.com/question/14071136
Why are countries motivated to trade with one another?
A. Trade prevents any one country from establishing an absolute
advantage over others.
B. Trade protects domestic businesses by shielding them from
foreign competition.
C. Trade allows them to produce a variety of products instead of
specializing in a few.
D. Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Yoooooooo
Answer:
D Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Trade helps countries obtain goods they cannot produce as efficiently as other countries which is a reason countries are motivated to trade with one another. The correct option is D
What are the two purposes of trade?Trade is crucial for maintaining a competitive global economy and helps to drive down worldwide product prices by promoting innovation and specialization in markets. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.
By trading, countries can specialize in producing goods and services that they are good at and import goods that they cannot produce efficiently or do not have in sufficient quantities. This increases the efficiency of production and availability of goods, leading to economic growth and higher standards of living for people in trading countries.
Thus, the ideal selection is option D.
Learn more about Trade here:
https://brainly.com/question/27622280
#SPJ7
If you bet you're credit card and you're in debt does that mean the other person have to pay it off?
Answer: you put it in their name. yes but if you just give it off then no
Explanation:
An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the end of 7 years, she sold the lot for a net value of $25,000. What rate of return did she recieve on her investment
Answer:
79.5%.
Explanation:
Rate of return = [tex]\frac{final value - initial value}{initial value}[/tex] x 100
The cost of the acre = $12700.
Total property taxes paid for 7 years = $175 x 7
= $1225
Net value of cost = $12700 + $1225
= $13925
Net value of the land when sold = $25000
∴ Rate of return = [tex]\frac{25000 - 13925}{13925}[/tex] x 100
= 0.7953 x 100
= 79.53%
The rate of return of the acre of land is 79.5%.
A project will double your investment in one year with probability 0.35, otherwise you'll lose half of your investment. What is the standard deviation of this investment
Answer:
50.59%
Explanation:
the project will have two outcomes:
35% chance of yielding 2
65% chance of yielding 0.5
the expected value = 1.025
the variance = {[0.35 x (2 - 1.205)²] + [0.65 x (0.5 - 1.205)²]} / 2 = (0.3327 + 0.1792) / 2 = 0.25595
the standard deviation = √0.25595 = 0.5059 = 50.59%
Her home has a replacement value of $150,000, therefore she insures her home for the minimum legal requirement of
Answer:
$120,000
Explanation:
There is actually no minimum legal home insurance requirement. But if you have a mortgage on your house, the lender will require home insurance that covers at least the loan amount.
Regarding insurance companies, the 80% rule applies. This means that she must purchase an insurance policy that covers at least 80% of her house's replacement value = $150,000 x 80% = $120,000. If her policy covers less, then in case she files a claim, the insurance company will pay only a proportionate amount of the repairs or replacement value.
or unstructured organizational decisions, few or no procedures to follow for a given situation can be specified in advance. True False
Answer:
True
Explanation:
unstructured organizational can as well be regarded as "decentralized organization" it can can simply explained as one with little bureaucratic or hierarchical structure. In an unstructured organizational decision, the decision maker needs to make provision for insight and evaluation for the problem definition, because in this unstructured organizational decision every decision is crucial and there is no or little procedures to follow in making these decisions. It should be noted that in unstructured organizational decisions, few or no procedures to follow for a given situation can be specified in advance.
Question Mode Multiple Choice Question Victoria contributes cash of $20,000 in exchange for a partnership interest. In the first year, her share of dividends, tax-exempt income and ordinary business loss are $2,000, $1,000 and ($4,000), respectively. The partnership also makes a cash distribution to her of $10,000. What is Victoria's adjusted basis at the end of the year
Answer:
$9,000
Explanation:
Calculation for the adjusted basis at the end of the year
Using this formula
Adjusted basis=Cash+Dividend+Tax-exempt Income - Cash contribution-ordinary business loss
Let plug in the formula
Adjusted basis=20,000 + 2,000 + 1,000 – 10,000 – 4,000
Adjusted basis=$9,000
Therefore Victoria's adjusted basis at the end of the year will be $9,000
An example of a stakeholder in a company is a supplier.
Question 1 options:
True
False
13. Beth is working at solo. In the past few months, Beth has noticed that her managers don't like the idea of change very much. Whenever she proposes a new idea, they are quick to shoot it down. This indicates that solo is operating at a ______level of _____________.
Answer:
b. High; Uncertainty Avoidance
Explanation:
Options are "a. High; Power Distance b. High; Uncertainty Avoidance c. High; Collectivism d. Low; Uncertainty Avoidance"
Beth is working at solo. In the past few months, Beth has noticed that her managers don't like the idea of change very much. Whenever she proposes a new idea, they are quick to shoot it down. This indicates that solo is operating at a High level of Uncertainty Avoidance. The reason for this is because manager doesn't like the ideas of change, most especially the Uncertainty that comes with new idea. The manager is practically avoiding uncertainty at high level and prefer to continue using the pre-existing operating measures and method in the organization.
A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 15 percent, and if equity investors require a 19 percent rate of return, what is the fair price of the stock
Answer:
$57.50
Explanation:
fair value = dividend(1 + growth rate) / required rate of return - long run growth rate
$2(1.15) / 0.19 - 0.15 = $57.50
Balonek Inc.'s contribution margin ratio is 57% and its fixed monthly expenses are $41,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $112,000
Answer:
The estimated net operating income in a month is $22,840
Explanation:
The computation of the net income is shown below:
= Contribution margin Ratio × Sales - Fixed cost
= 57% × $112,000 - $41,000
= $63,840 - $41,000
= $22,840
hence, the estimated net operating income in a month is $22,840
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to make a duck call is $18. a new mall is opening where bates wants to locate a new kiosk. the mall operator offers the following two options for bates: 1. paying a fixed rent of $15,000 a month, or: 2. paying a fixed rent of $9,000 per month plus 10% of revenue earned from each duck call, the amount of monthly sales (in units) at which bates would be indifferent as to which plan to select is: a) 1,900 b) 2,000 c) 1,500 d) 1,600
Answer:
b) 2,000
Explanation:
sales price = $30
10% from each sale = $3
the amount of rent paid as a percentage of sales = $15,000 - $9,000 = $6,000
the indifference point in units = $6,000 / 10% revenue margin = $6,000 / $3 = 2,000 units
If Bates sells less than 2,000 units, then he should prefer option 2, but if he sells more than 2,000 units, then option 1 is better for him.
April runs a small shop where she provides a service. She is able to process an average of 11 customers per hour. An average of 7 customers per hour seek this service at her shop. What is:
Answer:
5. Po= 0.36
6. Pn = 0.04
7. 0.16
8. 1.11
9. 1.75
10. 9.9
Explanation:
5. Computation for the probability that April will not be working with a customer
Using this formula
Po=1-(Average number of arrival per hour/Average number of customer served per hour)
Let plug in the formula
Po= 1-(7/11 )
Po=1-0.64
Po= 0.36
Therefore the probability that April will not be working with a customer will be 0.36
6. Calculation for the probability of 5 customers in the system
Using this formula
Pn= (Average number of arrival per hour/Average number of customer served per hour)* Po
Let plug in the formula
Pn= (7/11)^5* 0.36
Pn=0.104358*0.36
Pn=0.037
Pn = 0.04 (Approximately)
Therefore the probability of 5 customers in the system will be 0.04
7. Calculation for the average time a customer spends waiting in line
Time spend Waiting in line=7^2/11(11 – 7) /7
Time spend Waiting in line=(49/44)/7
Time spend Waiting in line = 1.11/7
Time spend Waiting in line= 0.16
Therefore the average time a customer spends waiting in line will be 0.16
8. Calculation for the average number of customers waiting in line
Customers waiting in line = 7^2/11(11 – 7)
Customers waiting in line=49/44
Customers waiting in line= 1.11
Therefore the average number of customers waiting in line will be 1.11
9. Calculation for the average number of customers in the system
Average customers in the system= 1.11 +(7/11)
Average customers in the system= 1.11 +0.64
Average customers in the system = 1.75
Therefore the average number of customers in the system will be 1.75
10. Calculation for the arrival rate in order for April to stay that busy
Arrival rate = 0.9 * 11
Arrival rate = 9.9
Therefore the arrival rate in order for April to stay that busy will be 9.9
Amazon leased equipment from United Machines on July 1, 2020, in a finance lease. The present value of the lease payments discounted at 10% was $82,000. Ten annual lease payments of $12,000 are due each year beginning July 1, 2020. United Machines had constructed the equipment recently for $66,000. How much related interest revenue will United Machines record for the year ending December 31, 2020
Answer: $3,500
Explanation:
A payment of $12,000 had been made on the 1st of July already so the lease value would have reduced to;
= 82,000 - 12,000
= $70,000
Interest on this is;
= 10% * 70,000
= $7,000
However, only half a year have passed yet the $7,000 is for a year so by the accrual principle only the insurance for half a year should be recognized;
= 70,000 * 6/12 months
= $3,500
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
January February March
Budgeted production (in units) 60,000 ? 100,000
Budgeted raw materials purchases (in pounds) 129,000 165,000 188,000
Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 pounds of raw materials on hand on January 1. Budgeted production for February should be:______.
A) 105,000 units.
B) 82,500 units.
C) 150,000 units.
D) 75,000 units.
Answer: 75,000 units
Explanation:
Come up with an expression to solve this.
Assume the budgeted production needed is P.
P needs 2 pounds of raw materials per unit so raw materials needed are 2P.
Beginning raw materials for February have to be 30% of the needs of February;
= 30% * 2P
= 0.6P
Ending raw materials for February have to be 30% of March needs so;
= 30% * 100,000 * 2 pounds
= 60,000 pounds
So;
Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials
165,000 = 2P + 60,000 - 0.6P
1.4P = 165,000 - 60,000
P = (165,000 - 60,000) / 1.4
= 75,000 units
You need some money today and the only friend you have that has any is a miser. He agrees to loan you the money you need, if you make payments of $30 a month for the next six months. In keeping with his reputation, he requires that the first payment be paid today. He also charges you 2 percent interest per month. How much total interest is he charging?
Answer:
$8.6
Explanation:
Calculation for How much total interest is he charging
First step is to calculate the present value (PV) using financial calculator by using this formula
PV=PV(Rate,Nper,PMT,FV,Type)
Rate represent Interest Rate
Nper represent Period
PMT represent Payment
FV represent Future Value
Type = 1 which represent the annuity due reason been that the 1st payment is to be made today
Let plug in the formula
Rate = 2%
Nper = 6
PMT = $30
FV = 0
Type = 1
Hence,
PV = PV(2%,6,30,0,1)
PV= $171.40
Since we have known the PV the last step is to calculate the total interest
Using this formula
Total interest =( PMT*Nper)-PV
Let plug in the formula
Total interest = ($30*6) - $171.40
Total interest = $180 - $171.40
Total interest = $8.6
Therefore the amount of the total interest he will be charging is $8.6
Answer:
$8.6
Explanation:
I/Y = Rate = 2.0
PMT = -$30
N = 6
Future Value = $0.00
First we need to set the calculator to annuity due and calculate the CPT PV. We get the Value of loan, $171.40
Interest payment = PMT x 6 - Present value of loan
Interest payment = $30*6 - $171.40
Interest payment = $180 - $171.40
Interest payment = $8.6
Thus, the total interest he is charging is $8.6
A payment of $200 is made at the end of each month into an account paying a 7.5% annual interest rate, compounded monthly for 30 years. What is the future value of the account after 30 years
Answer:
FV= $269,489.09
Explanation:
Giving the following information:
Monthly payment= $200
Interest rate= 0.075/12= 0.00625
Number of periods= 30*12= 360
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {200*[(1.00625^360) - 1]} / 0.00625
FV= $269,489.09