Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense. Knowledge Check 01 What is the budgeted variable manufacturing overhead for the year

Answers

Answer 1

Answer:

Total estimated overhead costs for the period= $400,000

Explanation:

Giving the following information:

Total machine-hours= 35,000 + 20,000 + 15,000 + 30,000

Total machine-hours= 100,000

Predetermined variable overhead rate= $4 per machine hour

To calculate the estimated variable overhead for the period, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

4 =  total estimated overhead costs for the period / 100,000

total estimated overhead costs for the period= 100,000*4

total estimated overhead costs for the period= $400,000


Related Questions

Presented below is information for Sunland Co. for the month of January 2022. Cost of goods sold $201,500 Rent expense $32,100 Freight-out 7,900 Sales discounts 9,000 Insurance expense 13,600 Sales returns and allowances 18,700 Salaries and wages expense 63,700 Sales revenue 393,500 Income tax expense 4,700 Other comprehensive income (net of $400 tax) 2,000 (a) Prepare an income statement using the multiple-step format.

Answers

Answer:

Sunland Co.

Income statement for the month ended January 2022.

Sales revenue                                                           393,500

Sales returns and allowances                                   (18,700)

Net Sales                                                                   374,800

Less Cost of goods sold                                          (201,500)

Gross Profit                                                                173,300

Less Operating Expenses :

Freight-out                                               7,900

Sales discounts                                       9,000

Insurance expense                                13,600

Salaries and wages expense               63,700       (94,200)

Operating Profit                                                          79,100

Less Non Operating Expenses

Income tax expense                                                  (4,700)

Net Profit for the year                                               74,400

Other comprehensive income (net of $400 tax)      2,000

Total Profit and Other Comprehensive Income      76,400

Explanation:

Multi- step Income Statement shows Income from Primary activities and Secondary activities separately as above.

Month-end & Year-end process helps to write-off bad debts.

Select one:

True

O False​

Answers

Answer:

False

Explanation:

It is FALSE that Month-end and Year-end process helps to write-off bad debts.

This is because both month-end and year-end processes are processes specifically carried out to adjust all account balances to make and depict the actual financial activities of the firm. This assists the firm's management team to make a further decision, but not to just write-off bad debts.

Bad debt is written off only when a customer invoice is deemed to be uncollectible.

How would the Security Market Line be affected, other things held constant, if the expected inflation rate decreases and investors also become more risk averse? a. The y-axis intercept would decline, and the slope would increase. b. The x-axis intercept would decline, and the slope would increase. c. The y-axis intercept would increase, and the slope would decline. d. The SML would be affected only if betas changed. e. Both the y-axis intercept and the slope would increase, leading to higher required returns.

Answers

Answer: a. The y-axis intercept would decline, and the slope would increase.

Explanation:

The security market line is simply refered to as the graphical representation of a CAPM which is the capital asset pricing model and it simply shows the market risk, of the securities in the market which is then plotted against the market return.

When the expected inflation rate decreases and the investors also become more risk averse, the Security Market Line would be affected, as the y-axis intercept would decline, and the slope would increase.

define securitization.​

Answers

Answer:

its like getting security for ut business or office

You plan to purchase a house for $180,000 using a 30-year mortgage obtained from your local bank. You will make a down payment of 10 percent of the purchase price. You will not pay off the mortgage early. Assume the homeowner will remain in the house for the full term and ignore taxes in your analysis. a. Your bank offers you the following two options for payment. Which option should you choose? b. Your bank offers you the following two options for payments. Which option should you choose?

Answers

Answer:

choose the first one

Explanation:

get the debt over faster

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 561,000 Variable expenses, North $ 325,500 Traceable fixed expenses, North $ 67,100 Sales revenues, South $ 433,200 Variable expenses, South $ 247,100 Traceable fixed expenses, South $ 56,000 In addition, common fixed expenses totaled $151,900 and were allocated as follows: $78,900 to the North business segment and $73,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:

Answers

Answer:

[tex]561000 + 433200 + 78900 + 73000 = [/tex]

[tex]561000 + 433200 + 78900 + 73000 = [/tex]

Ramon and Sammy are working on a group homework assignment. The homework consists of a set of essay questions and a set of questions on graphing models. Ramon can finish an essay question in about 15 minutes and a graphing question in about 30 minutes. Sammy can finish an essay question in about 20 minutes and a graphing question in about 35 minutes. Assume that Ramon and Sammy produce the same quality answers. Calculate Ramon and Sammy's opportunity cost of each task. Please round each answer to the nearest tenth.

Answers

Answer and Explanation:

The computation is shown below:

It is given that Ramon would completed an essay question in approx 15 minutes and for graphing question it finished approx 30 minutes

On the other hand Sammy would completed an essay question in approx 20 minutes and for graphing question it finished approx 35 minutes

a) Ramon's opportunity cost of completing an essay question is

= 15 ÷30

= 0.5 graphing question

b) Ramon's opportunity cost of completing a graphing question is

= 30 ÷ 15

= 2 essay question

c) Sammy's opportunity cost of completing an essay question is

= 20 ÷ 35

= 0.57 graphing question

d) Sammy's opportunity cost of completing a graphing question is

= 35 ÷ 20

= 1.75 essay question

Which of the following will not cause the production possibility frontier to shift? Group of answer choices the introduction of "fiber optic" technology a land reclamation program an increase in the working population a reduction in unemployment an explosion destroying a chemical plant

Answers

Answer:

an increase in the working population

Explanation:

The Production possibilities frontier (PPF) is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

The PPF can shift either inward or outward.

An outward shift is associated with an increase in output while an inward shift is associated with a reduction in output.

Factors that cause the PPF to shift

1. changes in technology. technological progress leads to outward shift of the PPF. introduction of "fiber optic" technology would shift the PPF outward.

2. changes in available resources. a land reclamation program would increase the land available for production and this would increase output. While an explosion destroying a chemical plant would reduce output and lead to an inward shift of the PPF

3. changes in the labour force. A decrease in unemployment would increase output and shift the the PPF outward

Working population is the number of people between 15-59.

he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $28,800. Cash balance according to the bank statement at August 31, $30,270. Checks outstanding, $5,850. Deposit in transit, not recorded by bank, $4,690. A check for $480 in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 13.

Answers

Answer:

                                              Creative Design Co.

                                               Bank Reconciliation

                                                 August 31, 20Y6

Cash balance according to Bank Statement                                   $30,270

Add: Deposit in transit, not recorded by bank                                $4,690

                                                                                                          $34,960

Less: Outstanding checks                                                               ($5,850)

Adjusted Balance                                                                             $29,110

Cash balance according to Company's records                             $28,800

Add: Error in recording check (840 - 480)                                        $360    

                                                                                                           $29,160

Less: Bank service costs                                                                   ($50)    

Adjusted balance                                                                              $29,110

define liquidity risk.​

Answers

Explanation:

Liquidity risk occurs when an individual investor, business, or financial institution cannot meet its short-term debt obligations.

Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced. Overhead costs of $94,500 were estimated and allocated to the following activities: Activities Cost Drivers Total Cost
Materials handling Number of requisitions $40,000
Machine setups Number of setups 21,500
Quality inspection Number of inspections 33,000
$94,500 The cost driver volume for each product was as follows. Cost Drivers Instruments Gauges Total
Number of requisitions 400 600 1,000
Number of setups 200 300 500
Number of inspections 200 400 600 Instructions
(a) Determine the overhead rates for each activity Expected Use Estimatedof Cost Driver/Activity-Based
Activity Cost Pools Overhead Activity OH Rates
Materials Handling/ requisition
Machine Setups/setup
Quality inspections/ inspection
(b) Assign the manufacturing overhead costs for April to the two products using activity-based costing, and calculate a per unit OH cost.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the activity rates using the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling=  40,000 / 1,000= $40 per requisition

Machine setups= 21,500 /500= $43 per setup

Quality inspection=  33,000 / 600= $55 per inspections

Now, we can allocate overhead to each product:

Missile range instruments:

Materials handling=  40*400= $16,000

Machine setups= 43*200= $8,600

Quality inspection= 55*200= $11,000

Total allocated overhead= $35,600

Space pressure gauges:

Materials handling=  40*600= $24,000

Machine setups= 43*300= $12,900

Quality inspection= 55*400= $22,000

Total allocated overhead= $58,900

Finally, the unitary overhead cost:

Missile range instruments:

Unitary allocated overhead= 35,600/50= $712

Space pressure gauges:

Unitary allocated overhead= 58,900/300= $196.33

All of the following are benefits associated with empowerment except: a. empowered employees are more likely to respond in a positive way to service failures and to engage in effective service recovery strategies. b. empowered employees are more customer focused and quicker in responding to customer needs. c. empowered employees tend to feel better about their jobs and themselves, which is automatically reflected in the way they interact with customers. d. empowered front-line employees gain a false sense of power, in turn aiding the customer. e. empowered front-line service employees can be key to new service ideas and a cheaper source of market research than going to the consumer directly.

Answers

Answer:

d. empowered front-line employees gain a false sense of power, in turn aiding the customer.

Explanation:

Employee empowerment is when an employer gives the employee a degree of autonomy in making decisions that affects their jobs.

They are allowed to decide how best to perform their jobs.

This gives the employee a sense of ownership that translates to better customer service, positive attitude, better employee moral, and cheaper source of market research than going to the consumer directly.

However this style does not give a false sense to power, because the employees actually.have autonomy in their work.

The statement that does not benefits associated with empowerment is that empowered front-line employees gain a false sense of power, in turn aiding the customer.

Empowerment is known to be firm based commitment to respect all its employees as intelligent and responsible human beings.

The rewards of empowerment are numerous such as higher levels of employee satisfaction, a sense of shared purpose, and more collaboration etc.

Conclusively ,Employee empowerment as a management philosophy uses the importance of granting employees to make independent decisions and act on them.

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Celestin Manufacturing Company incurred $22,000 of depreciation on its manufacturing equipment during its first year of operation. During this year the company made 11,000 units of product and sold 3,700 units of product. Based on this information alone the company would show Multiple Choice $22,000 of depreciation expense on its income statement. $7,400 of cost of goods sold expense on its income statement. $22,000 of inventory on its balance sheet. $7,400 of inventory on its balance sheet.

Answers

Answer:

$7400 of cost of goods sold expense on its income statement.

Explanation:

Calculation to determine the cost of goods sold

Cost of goods sold expense=($22000 / 11000 units)x 3,700 units sold

Cost of goods sold expense= $2 per unit x 3,700 units sold

Cost of goods sold expense=$7400

Therefore Based on this information alone the company would show: $7400 of cost of goods sold expense on its income statement.

Crowl Corporation is investigating automating a process by purchasing a machine for $972,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $132,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,000. The annual depreciation on the new machine would be $108,000. The simple rate of return on the investment is closest to (Ignore income taxes.): (Hint: Give answer in decimal format. For example, if an answer is 10%, use the format 0.10 not 10%.)

Answers

Answer:

2.5%

Explanation:

Calculation to determine what The simple rate of return on the investment is closest to

First step is to calculate the Annual incremental net operating income

Annual incremental net operating income=$132,000-$108,000

Annual incremental net operating income=$24,000

Second step is to calculate the Initial investment

Initial investment =$972,000-$21,000

Initial investment=$951,000

Now let calculate the Simple rate of return using this formula

Simple rate of return = Annual incremental net operating income ÷ Initial investment

Let plug in the formula

Simple rate of return= $24,000 ÷ $951,000

Simple rate of return=0.025*100

Simple rate of return= 2.5%

Therefore The simple rate of return on the investment is closest to 2.5%

The 2021 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of $12,600,000, and net income of $1,980,000. Balance sheet information is provided in the following table.
ADRIAN EXPRESS
Balance Sheets
December 31, 2021 and 2020
2021 2020
Assets
Current assets:
Cash $840,000 $930,000
Accounts receivable 1,775,000 1,205,000
Inventory 2,245,000 1,675,000
Long-term assets 5,040,000 4,410,000
Total assets $ 9,900,000 $8,220,000
Liabilities and Stockholders' Equity
Current liabilities $ 2,074,000 $1,844,000
Long-term liabilities 2,526,000 2,584,000
Common stock 2,075,000 2,005,000
Retained earnings 3,225,000 1,787,000
Total liabilities and stockholders' equity
$9,900,000 $8,220,000
Industry averages for the following profitability ratios are as follows:
Gross profit ratio 45 %
Return on assets 25 %
Profit margin 15 %
Asset turnover 8.5 times
Return on equity 35 %
Required:
1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.)
2. Do you think the company is more profitable or less profitable than the industry average?
More profitable
Less profitable

Answers

Answer:

Adrian Express

1. Five Profitability Ratios:

Gross profit ratio: = 39.2%

Return on assets = 20%

Profit margin = 9.6%

Asset turnover = 2.1 times

Return on equity = 37.4%

2. I think the company is:

Less profitable

than the industry average.

Explanation:

a) Data and Calculations:

Sales Revenue        $20,710,000

Cost of goods sold $12,600,000

Gross profit                $8,110,000

Net income               $1,980,000

ADRIAN EXPRESS

Balance Sheets

December 31, 2021 and 2020

                                                                          2021                  2020

Assets

Current assets:

Cash                                                              $840,000            $930,000

Accounts receivable                                     1,775,000            1,205,000

Inventory                                                      2,245,000            1,675,000

Current assets                                          $4,860,000          $3,810,000

Long-term assets                                        5,040,000            4,410,000

Total assets                                             $ 9,900,000         $8,220,000

Liabilities and Stockholders' Equity

Current liabilities                                     $ 2,074,000          $1,844,000

Long-term liabilities                                   2,526,000           2,584,000

Common stock                                          2,075,000           2,005,000

Retained earnings                                    3,225,000             1,787,000

Total Equity                                               5,300,000           3,792,000

Total liabilities & stockholders' equity   $9,900,000         $8,220,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio 45 %

Return on assets 25 %

Profit margin 15 %

Asset turnover 8.5 times

Return on equity 35 %

Gross profit ratio: = Gross profit/Sales * 100

= $8,110,000/$20,710,000 * 100

= 39.2%

Return on assets = Net income/Assets * 100

= $1,980,000/$9,900,000 * 100

= 20%

Profit margin = Net Income/Sales * 100

= $1,980,000/$20,710,000 * 100

= 9.6%

Asset turnover = Sales/Total Assets

= $20,710,000/$9,900,000 = 2.1 times

Return on equity = Net Income/Total Equity * 100

= $1,980,000/$5,300,000 * 100

= 37.4%

journal entries paid commission Rs 30000​

Answers

Huh???????????????????

Income Statement Project
2018 2019 2020
Revenue:
Book Sales
Ticket Sales
Total Revenue:
Expenses:
Salary
Depreciation
Supplies
Rent Insurance
Total Expense:
Net Income/Loss:
Directions: Build an income statement using the steps provided below.
1) The book store received $50,000 in book sales for 2018, with a 20% increase in revenue each year.
2) Jack's book store received $15,000 each year in ticket sales to book signing events.
3) Find the Total Revenue each year for 2018-2020 using cell referencing.
4) Jack's book store paid $16,000 in employee salaries in 2018. Each year his employee salary cost increased by 25%.
*5) Jack purchased store furniture for $25,000 that is expected to be used over the next 5 years.
6) Jack bought $3,000 in supplies in 2018 and supplies costing $1,000 were used up each year.
'7) Jack signed a contract to pay $800/month for rent between 2018-2020.
8) Jack's book store pays $500 each month to cover insurance.
9) Find the Total Expense each year for 2018-2020 using the SUM function.
10) Find the Net Income/Loss using cell referencing.

Answers

Answer:

Jack's Bookstore

Income Statement Projection:

                                    2018          2019         2020

Revenue:

Book Sales               $50,000    $60,000    $72,000

Ticket Sales                 15,000       15,000       15,000

Total Revenue:        $65,000    $75,000     $87,000

Expenses:

Salary                       $16,000     $20,000    $25,000

Depreciation               5,000          5,000         5,000

Supplies                       1,000           1,000          1,000

Rent                            9,600          9,600         9,600

Insurance                   6,000          6,000         6,000

Total Expense:      $37,600       $41,600    $46,600

Net Income/Loss: $27,400       $33,400    $40,400

Explanation:

a) Data and Calculations:

Book Sales for 2019  = $60,000 ($50,000 * 1.20)

Book Sales for 2020 = $72,000 ($60,000 * 1.20)

Salaries for 2019 = $20,000 ($16,000 * 1.25)

Salaries for 2020 = $25,000 ($20,000 * 1.25)

Depreciation expense per year = $5,000 ($25,000/5) using the straight-line method

Supplies Expense per year = $1,000 ($3,000/3)

Rent Expense per year = $9,600 ($800 * 12)

Insurance Expense per year = $6,000 ($500 * 12)

Bauerly Co. owned 70% of the voting common stock of Devin Co. During 2017, Devin made frequent sales of inventory to Bauerly. There was deferred intra-entity gross profit of $40,000 in the beginning inventory and $25,000 of intra-entity gross profit at the end of the year. Devin reported net income of $137,000 for 2017. Bauerly decided to use the equity method to account for the investment. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what is the net income attributable to the noncontrolling interest for 2017

Answers

Answer:

$36,600

Explanation:

Calculation for the net income attributable to the noncontrolling interest for 2017

First step is to calculate the Intra-Entity Gain on Transfer That Is Deferred

Intra-Entity Gain on Transfer That Is Deferred=Sales Price $40,000 - BV $25,000 =

Intra-Entity Gain on Transfer That Is Deferred=$15,000

Second step is to calculate the Adjusted Subsidiary Net Income

Adjusted Subsidiary Net Income =Subsidiary's Net Income $ 137,000 - Deferred Intra-Entity Gain on Transfer $15,000

Adjusted Subsidiary Net Income =$122,000

Now let calculate the Noncontrolling Interest in Net Income

Noncontrolling Interest in Net Income = $122,000 × 30% Ownership Interest in Subsidiary

Noncontrolling Interest in Net Income = $36,600

Therefore the net income attributable to the noncontrolling interest for 2017 is $36,600

Shao Airlines is considering the purchase of two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $28 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $27 million per year. Shao plans to serve the route for only 10 years. Inflation in operating costs, airplane costs, and fares are expected to be zero, and the company's cost of capital is 9%. By how much would the value of the company increase if it accepted the better project (plane)

Answers

Answer:

41.28 million

Explanation:

the net present value of the two alternatives needs to be determined. The appropriate alternative would be the plane with the higher NPV

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Alternative 1

Cash flow in year 0 = $-100 million

Cash flow each year from year 1 to 5 =  $28 million

I = 9%

NPV = $8.91 million

Alternative 2

Cash flow in year 0 = $-132 million

Cash flow each year from year 1 to 10 =  $27 million

I = 9%

NPV = $41.28 million

The second alternative has the higher NPV and it would increase the value of the company by $41.28 million if accepted

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Six Sigma programs: Group of answer choices suggest that all activities can be controlled, employee empowerment is the best control tool, and 100 percent control is possible. consist of a disciplined, statistics-based system aimed at producing not more than 2.5 defects per million iterations for a manufacturing or assembly process. All of these. are based on three principles: (1) all work is a statistically controllable process; (2) no well-controlled process allows variability; and (3) defect-free work requires tight statistical controls. utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes.

Answers

Answer: utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes.

Explanation:

Six Sigma simply refers to a set of tools that are utilized for the process improvement. They are the management techniques that are used for the enhancement of the business processes through the reduction in the occurence of an error. This helps in boosting the performance and the improvement in the company's profits, and as well boosting the morale of employees.

From the options given, the answer is that six sigma programs "utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes".

With regard to the types of interviews: A. Reference-based interviews are best at predicting sales success. B. Situation-based interviews pose questions about past situations to predict how the candidate might respond in the future. C. Behavior and situation based interviews are highly unstructured. D. Performance based interviews are interviews conducted by senior salespeople in the field. E. None of these is correct.

Answers

Answer:

can you put a picture might be easier to read it

The statement that asserts a true claim regarding kinds of interviews would be:

E). None of these is correct.

What is an Interview?

"Interview" is described as the conversation that is taken personally and a set of questions have been asked for a publication or channel.

The given statements assert incorrect claims regarding the various types of interviews.

The reference-based interviews are taken when a person is referred by another to get a better understanding of the caliber and capability of his/her.

While Situation-based interviews pose a hypothetical situation and behavior interviews observe particular behavioral patterns.

Thus, option E is the correct answer.

Learn more about "Interview" here:

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Abbot Inc. is considering the following investment opportunities. Required Compute the future value under each of the investment options. Round interest rate percentages to two decimal places in your calculations (for example, enter .0063 for .6333333%). Round final answer to the nearest whole dollar (for example, enter final answer 2,556 for 2,555.5678). Do not use a negative sign with your answers. Annual Interest Term Future Investment Compounding Rate Cost (Years) Value Investment A Semiannually 6% $50,000 5 $ 67,196 Investment B Quarterly 8% 60,000 10 132,482 Investment C Monthly 10% 40,000 8 88,727 X Investment D Monthly 5% 80,000 10 131,761 x

Answers

Answer:

$ 67,196

$132482

$88,727

$131,761

Explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

m =number of compounding

$50,000 x ( 1 + 0.06/2)^10 = $67,196

$60,000 x ( 1 + 0.08/4)^40 = $132,482

$40,000 x (1 + 0.1/12)^96 = $88,727

$80,000 x ( 1 + 0.05 /12) ^120 = $131,761

Kally goes to the grocery store each week looking to purchase items that will give her as much utility as possible, given her $100 budget. Last week apples were priced at $4.50 each, and Kally purchased 3 apples. This week apples are on sale for $2.50 each, while all other prices have remained the same, and Kally chooses to purchase 7 apples. Given this information, plot Kally's demand curve for apples.

Answers

Answer:

Please check the attached image for kally's demand curve

Explanation:

The demand curve is a curve that shows the various quantities of a good that is purchased at different prices.

The demand curve is downward sloping due to the inverse relationship between price and quantity demanded. The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This is known as the law of demand.

It can be seen that the quantity demanded of apples increased from 3 to 7 when price reduced to $2.50

On the demand curve, price is on the vertical axis, while quantity demanded is on the horizontal axis

Answer:

Please check the attached image for kally's demand curve

Explanation:

Make a simple poem regarding the learning’s that you acquired in managing the finances. (4 Stanzas only with rhyme and with no meter)

Answers

Answer:

My net worth is my assets less my liabilities

I should therefore not spend above my capabilities

Pay off the debt required and then a little more

That way I can have, a great credit score

Like everything else, I must plan my finances

Create a budget and include my expenses

And make space for an emergency fund

So on rainy days I don't find myself cashless and hamstrung

Its important to remember that I won't work forever

I should therefore set something aside, to fall back on

When I'm too old and grey to embark on strenuous endeavor

I'll be well taken care of because I remembered my pension

And I shouldn't forget, to keep a proper record

Get educated in a financially sound method

That way I can know what comes in and what goes out

I'll be sure of my situation and leave room for no doubt

A cable TV company redesigned jobs so that one employee interacts directly with customers, connects and disconnects their cable service, installs their special services and collects overdue accounts in an assigned area. They also decided to do away with scripted customer interaction manuals and allow each employee to determine how best to interact with each customer. Previously, each task was performed by a different person and the customer interacted only with someone at the head office. This change most likely increased each employee's _______________. Group of answer choices

Answers

Answer:

the answer is dependence (I think, could be wrong though.)

Explanation:

you recently increased you're spending on marketing by 10%. you now spend 5500 per month. revenue increase by 1000 per month and you're gross margin percentage is 70%. All other expenses stayed consant. Did the increase pay off?

Answers

Answer:

Answer is yes

Explanation:

Cypress Oil Company's December 31, 2021, balance sheet listed $855,000 of notes receivable and $22,500 of interest receivable included in current assets. The following notes make up the notes receivable balance: Note 1 Dated 8/31/2021, principal of $400,000 and interest at 12% due on 2/28/2022. Note 2 Dated 6/30/2021, principal of $260,000 and interest due 3/31/2022. Note 3 $200,000 face value noninterest-bearing note dated 9/30/2021, due 3/31/2022. Note was issued in exchange for merchandise.
The company records adjusting entries only at year-end. There were no other notes receivable outstanding during 2021.
Required:
1. Determine the rate used to discount the noninterest-bearing note.
2. Determine the explicit interest rate on Note 2. (Round your intermediate calculations to the nearest whole dollar amount.)
3. What is the amount of interest revenue that appears in the company’s 2021 income statement related to these notes?
Discount rate
Interest rate
Interest revenue

Answers

Answer:

1. Determine the rate used to discount the noninterest-bearing note.

face value of the notes receivable = $400,000 + $260,000 + $200,000 = $860,000

carrying value = $855,000

difference = $860,000 - $855,000 = $5,000

6 month note, so total interest = $10,000

yearly interest = $10,000 x 2 = $20,000

interest rate = $20,000 / $200,000 = 10%

2. Determine the explicit interest rate on Note 2. (Round your intermediate calculations to the nearest whole dollar amount.)

total accrued interest = $22,500

interest on note 1 = $16,000

interest on note 2 = $6,500 (six months worth of interest)

total yearly interest = $13,000

interest rate = $13,000 / $260,000 = 5%

3. What is the amount of interest revenue that appears in the company’s 2021 income statement related to these notes?

total interest = $22,500 + $5,000 = $27,500

Describe a time where you provided or observed high-quality customer service. In Microsoft Word, margins are adjusted using?

Answers

Answer:

question was confusing

Explanation:

Select Layout > Margins. Select Custom Margins. In Margins, use the Up and Down arrows to enter the values you want. Select OK when done.

Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $11,000 beginning one year from today. The interest rate on the note is 6%.(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow

Answers

Answer:

$46,336

Explanation:

The amount Canliss borrowed can be determined by calculating the present value of the instalment payments

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 5 = $11,000

I = 6%

PV = $46,336

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses are $30,000. The degree of operating leverage is

Answers

Answer:

There are several ways to compute the degree of operating leverage (DOL). A fairly intuitive approach is expressed below.

DOL = (sales - variable costs) / (sales - variable costs - fixed costs)

For Kendall, the DOL is computed as follows:

DOL = (1,000 * $60 - 1,000 * $60 * .30) / (1,000 * $60 - 1,000 * $60 * .30 - $30,000) = 3.5

hope this helps

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