Answer: True
Explanation:
Grey, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Grey budgeted its overhead costs at $220,000, direct labor hours at 55,000, and machine hours at 20,000. Actual overhead costs incurred were $233,250, actual direct labor hours were 62,000, and actual machine hours were 15,000. If the PDOH rate uses machine hours as the cost driver, what is the total amount credited to the overhead account control account
Answer:
$165,000
Explanation:
Calculation for what is the total amount credited to the manufacturing overhead account for the year for Grey
First step is to calculate Predetermined overhead rate using this formula
Predetermined overhead rate = Estimated overhead costs / Estimated machine hours
Let plug in the formula
Predetermined overhead rate = $220,000 / 20,000 machine hours
Predetermined overhead rate= $11
Second step is to calculate Total amount credited to the factory overhead account for the year for Grey
Using this formula
Total amount credited to the factory overhead account for the year for Grey = Predetermined overhead rate × Actual machine hours
Let plug in the formula
Total amount credited to the factory overhead account for the year for Grey= $11 × 15,000 machine hours
Total amount credited to the factory overhead account for the year for Grey = $165,000
Therefore the Total amount credited to the factory overhead account for the year for Grey will be $165,000
In Maslow's hierarchy, managers must first ensure a person's _______ needs are fulfilled in order to have a motivated workforce.
a. esteemb. belongingnessc. physiologicald. sociale. self-actualization
Answer:
c. Psychological
Explanation:
Maslow's heirachy of needs states that people are driven to find a job or a means of livelihood because of various motivation factors. These needs must be satisfied before a person looks to obtain other less important needs.
The first level of needs are the psychological needs. These have to be satisfied before an employee will look to other needs.
They include man's basic needs to live like food, shelter, and clothing.
After these are satisfied one can now focused on security needs, social needs, esteem needs, and self actualization.
Here I Sit Sofas has 7,500 shares of common stock outstanding at a price of $98 per share. There are 760 bonds that mature in 34 years with a coupon rate of 7.2 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 110.5 percent of par. The company also has 6,400 shares of preferred stock outstanding at a price of $51 per share. What is the capital structure weight of the debt
Answer:
61.28%
Explanation:
Equity market value = Number of shares*price/share
Equity market value = 7,500 * $98
Equity market value = $735,000
Current debt value = Number of bonds*price/bond
Current debt value = 760*(1.105*2000)
Current debt value = $1,679,600
Preferred stock value = Number of shares*price/share
Preferred stock value = 6,400 * $51
Preferred stock value = $326,400
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $735,000 + $1,679,600 + $326,400
Total capital = $2,741,000
Weight of debt = Debt value / Total capital
Weight of debt = $1,679,600 / $2,741,000
Weight of debt = 0.6127690623859905
Weight of debt = 61.28%
Which are indicators that economists use to measure how an economy grows? Select all that apply.
Explanation:
economists measure its performance by studying the gross domestic product (GDP)
If GDP goes up, the economy is growing; if it goes down, the economy is contracting.
To determine the dutiable status of goods, it is necessary to know their classification, country of origin, and details pertaining to:___________.a. Perishable/non-perishable status.b. Partially or fully manufactured goods.c. Raw materials to be used in production.d. Value.
Answer:
d. Value
Explanation:
The dutiable goods are subjected to duties. Dutiable goods may be defined as the goods and products on which tax have to be paid when they brought to a country from other countries.
In order to known the dutiable status of any goods, it is very important to know the classification of the good, the place of their origin and all the details relating to its value.
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $50 per share for months. The price of a 3-month put option with an exercise price of $50 is $4. If the risk-free interest rate is 10% per year, what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money
Answer:
$5.18
Explanation:
Calculation for call option
Using this formula
Call option=Put option + Exercise price-[Exercise price/(1+Risk-free interest rate)^Time
Let plug in the formula
Call option= 4 + 50 - [50/(1+.10)^1/4]
Call option= 4 + 50 - [50/(1.10)^1/4]
Call option= $5.18
Therefore what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money is $5.18
lhow do I work brain the brain
open the brain and release its contents
A production line is to be designed for a product whose completion requires 21 minutes of work. The factory works 400 minutes per day. Can an assembly line with five workstations make 100 units per day?
a. yes, with exactly 100 minutes to spare
b. no, but four workstations would be sufficient
c. no, it will fall short even with a perfectly balanced line
d. yes, but the line's efficiency is very low
e. cannot be determined from the information given
Answer:
C. no, it will fall short even with a perfectly balanced line
Explanation:
In this question, if a factory has a work time that is 400 minutes per day. The required units per day is a 209 units. With 5 available workstations.
Then we would calculate the time cycle as
400 x 5/100
= 400x0.05
= 20minutes/unit
So In conclusion, if the time required is more than 20 minutes, that is 21 minutes, it is going to fall short with a perfectly balanced line. Hence option c.
The correct option is c.
c. no, it will fall short even with a perfectly balanced line
The following information should be considered:
An assembly line having with five workstations that can't make 100 units per day.Because it will fall short even with a perfectly balanced line
Therefore, we can conclude that the correct option is c.
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Suppose that bicycles and skateboards are substitute goods. All else equal, if the price of bicycles decreases, there will be:_____.a. an upward movement upward along the bicycle demand curve.b. a downward movement along the skateboard demand curve.c. a decrease in the demand curve for skateboards.d. an increase in the demand curve for bicycles.
Answer:
C
Explanation:
Substitute goods are goods that can be used in place of each other by consumers.
If the price of bicycles declines, there would be a movement down along the demand curve for bicycles.
The decrease in the price of bicycles leads to a shift in the demand curve for skateboards and not a movement along the demand curve for bicycles.
If the price of bicycles decreases, consumers would increase their demand for bicycles and demand less of skateboards. This would lead to a leftward shift of the demand curve for skateboards or a decrease in the demand curve for skateboards
Phyllis makes a deal with her niece Stephanie that if Stephanie gave up gambling for two years, Phyllis would pay Stephanie $5,000. Stephanie gave up gambling for the required two years. Does this deal have valid consideration
Answer:
Yes .
Explanation:
I think so because Stphanie did what Phyllis asked , now she should get her well deserved $5,000 .
Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is:________.
a. $4,317
b. $7,760
c. $3,443
d. $3,880
Answer:
c. $3,443
Explanation:
Date Account Titles Debit Credit
Jan 1 Cash 101370
Bond payable 97000
Premium on issue of bonds 4,370
(101370-97000)
Jul 1 Interest expenses (3680 - 437) 3,443
Premium on issue on bond 437
(4379/5 * 6/12)
Cash (97,000*8%*6/12) 3,800
Assume that Smith deposits $500 in currency into her checking account in the XYZ Bank. Later that same day, Jones negotiates a loan for $2,000 at the same bank. In what direction and by what amount has the supply of money changed?
Answer: See explanation
Explanation:
Supply of money simply means the money available at a particular time period for an economy.
In the above scenario, the loan of $2000 will lead to an increase in the supply of money available in the economy by $2000.
It should be noted that the deposit made by Smith in the value of $500 does not bring about in the change of the money supply. This is because tye. $500 is still considered to be part of the money supply that is available in the economy.
On January 1, 2018, Brazos Company purchased equipment and signed a six-year mortgage note for $97,000 at 15%. The note will be paid in equal annual installments of $25,631, beginning January 1, 2019. On January 1, 2019, the journal entry to record the first installment payment will include a ________. (Round your answer to the nearest whole number.) A. credit to Mortgage Payable for $97,000
Answer:
the original journal entry should be:
January 1, 2018, equipment purchased
Dr Equipment 97,000
Cr Notes payable 97,000
accrued interest on December 31 2018 should be:
Dr Interest expense 14,550
Cr Interest payable 14,550
the first installment should be recorded as:
January 1, 2019, first installment paid on notes payable
Dr Interest payable 14,550
Dr Notes payable 11,081
Cr Cash 25,631
The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers and seller agrees on price of $380,000 and it closes at that price. The buyer obtains a loan of $300,000. The property is tax assessed at $350,000. The commission most likely paid to the real estate agent is:__________
A. No commission is owed because it did not sell at the list price
B. $17,500
C. $20,000
D. $19,000
Answer:
C. $20,000
Explanation:
Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.
So, the listed price will be = 400,000 * 5%
= $20,000
Thus, the commission most likely paid to the real estate agent is $20,000
Grievances are official complaints made by employees regarding an issue that they feel is wrong or unfair. Grievances are usually resolved with the help of a(n):____________
Answer:
Mediator
Explanation:
Mediation is sad to be Neutral third party in dispute settlement. The mediator is saddle with the responsibility by assisting the disputing parties to reach their own agreement.
Mediator role is to analyze and asses critical situations and design intervention to cancel or fault the causes of conflict.
Grievance Mediation is a type of mediation used to settle conflict, grievance or disagreement in relation to union grievances in an organized labor setting.
Advantages of Grievance Mediation includes high settlement rates, high satisfaction, facilitates communication and others.
A one year call option has a strike price of 50, expires in 6 months, and has a price of $4.74. If the risk free rate is 3%, and the current stock price is $45, what should the corresponding put be worth?
A) $12.74.
B) $10.48.
C) $5.00.
D) $9.00.
E) $8.30.
Answer:
$9.90
Explanation:
Using Put Call Parity Equation:
C + X/(1 + r)^t + S + P
Call price + PV of exercise price = Spot price + Put price
4.74 + 50/(1.03)^0.30 = 45 + P
4.74 + 50/1.00891 = 45 + P
4.74 + 49.5584 = 45 + P
P = 4.74 + 49.5584 - 45
P = 9.2984
P = $9.90
Thus, the Price of Put Option with $50 exercise price = $9.90
Eliminating double-taxation would likely:________.
a. raise saving and primarily benefit people with lower incomes.
b. raise saving but primarily benefit people with higher incomes.
c. reduce saving but primarily benefit people with lower incomes.
d. reduce saving and primarily benefit people with higher income.
Answer:
a. raise saving and primarily benefit people with lower incomes.
Explanation:
Double taxation may be defined as the tax system where the tax is levied twice on the income. It is the tax principle refers to tax income that is paid twice on same source of income. It pronounced a negative economic impact, mainly on the wages. Thus eliminating the system of double taxation would ensure more savings and it will people with lower wages or incomes.
A tax is a government group's compulsory financial charge or other types of levy imposed on a customer to finance government spending and related public expenses.
Failure to pay taxes on time, as well as avoidance or resistance to taxation, are all illegal.
The correct answer is a. raise saving and primarily benefit people with lower incomes.
Option a. raise saving and primarily benefit people with lower incomes are correct because Double taxation is a tax structure in which the same amount of money is taxed twice. It is a tax theory that applies to earnings taxed on the same source of income.
It had a detrimental economic impact, particularly on salaries. Eliminating a double tax structure would result in more savings for persons with lesser earnings or incomes.
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The first step in the performance planning and appraisal process involves? A. Assembling information for the appraisal B. Observing employee job behavior C. Designing the performance plan D. Setting standards and expectations
Answer:
Explanation:
d
The first step in the performance planning and appraisal process is setting standards and expectations. The correct option is D. Setting goals is the first stage in the performance management process.
Why is performance planning important in management?The idea underlying performance planning is mutuality for survival and growth, which aids in coordinating personal ambitions with organizational objectives. This increases the accountability and objectivity of the performance management process.
Performance planning is a methodical and organized way to achieve an individual's or team's specified goals throughout the course of the assessment year. The team's or an individual's strategy is drafted with the organization's overall goals in mind.
Thus, the ideal selection is option D.
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[When producing a 3TB portable hard drive, fixed costs are $20,000,000 regardless of sales volume. Variable costs are $25 per unit and the unit price of the portable hard drive is $50.] Julie also wants to consider the case of estimated sales volume for the target return of $20 million. Fixed costs, variable costs per unit, and price remain the same. In such a case, total revenue is ___________________ Group of answer choices
Answer:
$80 million
Explanation:
Return (profit) = Total revenue - total cost
Total revenue = price x quantity sold
price = $50
quantity sold = x
total revenue = $50x
Total cost = fixed cost + variable cost
fixed cost = $20,000,000
variable cost = Variable costs per unit x quantity sold
= $25x
Total cost = $20,000,000 + $25x
$20,000,000 = $50x - ($20,000,000 + $25x)
Collecting like terms and solving for x
$40,000,000 = $25x
x = 1,600,000
Total revenue = 1,600,000 x $50 = $80 million
The total revenue is $80 million.
We know that;
Profit = Total revenue - total cost
But
Total revenue = price x quantity sold
Total revenue = $50 * X (quantity sold)
Total revenue = $50X
Also,
Total cost = Fixed cost + Variable cost
Variable cost = Variable costs per unit x quantity sold
Variable cost = $25x
Hence,
Total cost = $20,000,000 + $25x
$20,000,000 = $50x - ($20,000,000 + $25x)
Solving for X, we will have ;
$40,000,000 = $25x
X = 1,600,000
Recall
Total revenue = $50X
Total revenue = $50 * 1,600,000
Total revenue = $80 million
It therefore means that in such a case, the total revenue would be $80 million.
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Susan won $2,000 at the blackjack tables on her birthday. Her winnings are an example of:________.
a. an in-kind transfer.
b. transitory income.
c. life-cycle income.
d. permanent income.
Answer:
B. Transitory income.
Explanation:
As the name sounds, it is seen to be a form of income that is said to be anticipated. This form of income does not play key roles in the standard of living of the said person. This income is clearly a short-lived kind as it cannot hold a person or family towards a certified period of time. Also in many cases, economists are seen to believe that people base their consumption on their permanent income, therefore, inequality in consumption is one gauge of inequality of permanent income; making consumption less effectective, as transitory changes in income, they are more equally is current income.
How do you determine if a rational economic decision has been made?
If benefits outweigh the costs
If costs outweigh the benefits
Answer:
if benifits outweigh the costs
Explanation:
its that 1
An employee that only has the authority to use the employer's credit card for business expenses has what kind of relationship?
a. Universal agent
b. General agent
c. Special agent
d. Independent contractor
e. None of the above
Answer:
a. Universal agent
Explanation:
The universal agent is an employee that has been appointed by the employer to do particular task. It could be appointed via power of attorney through which he can perform all types of functions
Therefore as per the given situation since the employee can use the credit card of the employer for the business expense so this represent that the relationship is of universal agent
hence, the correct option is a.
Indigo Corporation amended its pension plan on January 1, 2017, and granted $166,000 of prior service costs to its employees. The employees are expected to provide 2,000 service years in the future, with 340 service years in 2017. Compute prior service cost amortization for 2017. Prior service cost amortization for 2017
Answer:
$28,231.30
Explanation:
The average time until retirement of the employees = 2,000/340
The average time until retirement of the employees = 5.88 years
Prior service cost amortization for 2017 = Prior service costs to its employees/The average time until retirement
Prior service cost amortization for 2017 = $166,000/ 5.88
Prior service cost amortization for 2017 = $28231.2925170068
Prior service cost amortization for 2017 = $28,231.30
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salvage value is $5000. The project will generate annual revenues of $24350. The annual rate of return is:_______
a. 17%
b. 50.3%
c. 16%
d. 15%
Answer:
22%
Explanation:
Net income = Annual cash flow - Depreciation
Net income = 24350 - (80,000-5,000 / 5)
Net income = 24350 - 15,000
Net income = $9350
Average investment = Beg. value + End. Value / 2
Average investment = 80,000 + 5,000 / 2
Average investment = $42,500
Annual rate of return = Net income / Average investment * 100
Annual rate of return = $9350 / $42,500 * 100
Annual rate of return = 0.22 * 100
Annual rate of return = 22%
Answer:Annual Rate of Return =22%
The correct option is not given
Explanation:
Annual Rate of Return = Net Income / Average Investment x 100
Net Income= Annual Cash flow - Depreciation
Straight-line depreciation =Cost - salvage value / useful years
= 80,000 - 5,000 / 5
75,000/5= $15,000
Net Income=$24,350 - $15,000
=$9,350
Average Investment= Initial investment + salvage value / 2
$80,000 + 5000 / 2
= $85,000/ 2
$42,500
Annual Rate of Return =$9, 350/ $42,500 x 100
= 0.22 x100
=22%
Jasmine's Boutique has 2,000 bonds outstanding with a face value of $1,000 each and a coupon rate of 9 percent. The interest is paid semiannually. What is the amount of the annual interest tax shield if the tax rate is 34 percent?A. $58,500B. $60,750C. $60,100D. $62,250E. $61,200
Answer:
E. $61,200
Explanation:
total interest expense = 2,000 bonds x $1,000 per bond x 9% = $180,000
the interest shield is the amount of taxes saved by paying interest expense
interest shield = total interest expense x tax rate = $180,000 x 34% = $61,200
this means that the company will be able to reduce its income taxes by $61,200 because it paid interests on their bonds
What are folders within folders called?
Folders made within folders are known as......?
Answer:
subfolder
Explanation:
The aggregate planning approach that lends itself to examining many solutions is:_________
A. the transportation method of linear programming.
B. graphical techniques.
C. the linear decision rule.
D. Bowman's management coefficients model.
Answer:
B. graphical techniques.
Explanation:
The graphical methods would be applied in the case when the facts are assessed in a quantitive way. Also it is a main part for the investigation that contains exploratory information
Therefore in the given situation, for examining many solutions under the aggregate planning approach the graphical techniques would be considered
hence, the correct option is B
Rory Company has a machine with a book value of $101,000 and a remaining five-year useful life. A new machine is available at a cost of $116,000, and Rory can also receive $83,000 for trading in its old machine. The new machine will reduce variable manufacturing costs by $17,000 per year over its five-year useful life. Calculate the incremental income. (Any losses or outflows should be entered with a minus sign.)
Answer:
Incremental Income $52,000
Explanation:
The computation of the incremental income is shown below:
Reduction in variable manufacturing costs ($17,000 × 5) $85,000
Cost of the new machine -$116.000
Cash received from trade in old machine $83,000
Incremental Income $52,000
The machine should replacement as there is an increase in income by $52,000
A coupon on a 2-liter bottle of Pepsi, offering $1.00 off on a bag of potato chips, is which type of coupon:_____
a. cross-ruffing
b. scanner-delivered
c. response-offer
d. instant-redemption
Answer: a. cross-ruffing
Explanation:
Cross-ruffing coupons are coupons that are offered to a person buying a good on another good to encourage them to buy that other good as well. These are usually offered on goods produced by the same company or companies that have a relationship with each other.
They are a brilliant marketing ploy to result in one relating goods to another to boost sales. Offering a coupon on a bag of potato chips upon buying a bottle of Pepsi is there a cross-ruff coupon.
Use this information to answer the question. All numbers are in millions.
Population of the nation 125
Size of the labor force 75
Number of employed workers 50
Number of unemployed workers 25
What is the unemployment rate for this nation?
a. 5 percent
b. 20 percent
c. 25 percent
d. 33 percen
Answer:
25 percent
Explanation: