Answer:
The correct option is $7,000 favorable.
Explanation:
This can be calculated using the following formula:
Standard hours for actual units produced = Actual units produced * Estimated number of hours to manufacture a completed unit = 9,000 * 2 = 18,000
Variable-overhead efficiency variance = (Actual machine hours worked - Standard machine hours for actual units produced) * Standard variable overhead cost per machine hour = (16,000 - 18,000) * 3.50 = –$7,000
Since the calculated Variable-overhead efficiency variance is negative, that implies that it is favorable,
Therefore, the correct option is $7,000 favorable.
Matching. A shopper is in the grocery store, trying to decide whether to buy apples of a particular variety. Identify the food product attribute that most closely corresponds to each scenario. A. The shopper sees bruises on the apple. B. The shopper knows the apple variety tends to have a mealy texture. C. The shopper notices the PLU code, indicating the apple is USDA Organic.
Answer:
hi
Explanation:
hi i am new but i realy need this app
How dose biodiversity affect ecosystem stability
Answer:
It has been shown that biodiversity of an area has a large impact on the ecosystem stability of that area. this has increase in complexity makes it more likely that the ecosystem will return to a stable state after a disturbance, because the ecosystem has more ways to respond to a disturbance and fix probl
Select the correct answer.
Which product is an athlete more likely to endorse?
A.
wine
B.
fast food
C.
sports drink
D.
tobacco products
Answer:
Which product is an athlete more likely to endorse? Fast Food
Which of the following industries is most likely to outsource jobs to another country because of slight increases in labor costs?
a. Milk dairy.
b. High-tech research facility.
c. Textile plant.
d. Automobile assembly plant.
Which of the following industries is most likely to outsource jobs to another country because of slight increases in labor costs?
a. Milk dairy.
b. High-tech research facility.
c. Textile plant.
d. Automobile assembly plant.
Answer: c. Textile plant.
Hope this helps
cube root of 9 rational or irrational
Setting and achieving goals is essential to success.
a. True
b. False
Answer: True
Explanation:
The statement that "Setting and achieving goals is essential to success" is true.
When we set goals, it gives us a motivation for the short term and also a long term vision. Setting goals doesn't allow us to deviate from whatever we want to achieve. Our time and resources are dedicated towards achieving that set goal.
The amount of money that is earned on a deposit is
Explanation:
principal ...............
Answer:
Interest
Explanation:
interest is the amount that is earned on a deposit
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,400 models. During the month, the company completed 11,200 models, and transferred them to the Distribution Department. The company ended the month with 2200 models in ending inventory. There were 3000 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is being followed. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 55% complete as to conversion costs.
Beginning inventory​:
Direct materials costs $20,000
Conversion costs $11,100
Manufacturing costs added during the accounting period​:
Direct materials costs $70,700
Conversion costs $240,500
What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of October?
a. $19,783
b. $20,337
c. $10,923
d. $14,916
Answer:
d. $14,916
Explanation:
Note that Jane Industries uses FIFO method of process costing.
Step 1 : Equivalent Units in respect of materials
Materials = 3,000 x 0 % + 8,200 x 100% + 2,200 x 100%
= 10,400 units
Step 2 : Cost per Equivalent unit in respect of materials
Cost per Equivalent = $70,700 ÷ 10,400 units
= $6.80
Step 3 : direct materials cost assigned to ending work-in-process
Ending work-in-process (Materials Cost) = 2,200 x $6.80
= $14,960
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Jan 31
Dr Raw materials inventory $5,100
Cr AccountsPayable $5,100
Jan 31
Dr Work in Process inventory $7,500
Cr Factory wages payable $5,800
Cr Payroll taxes payable $1,700
Jan 31
Dr Manufacturing overhead $2,900
Cr Utilities payable $2,900
Explanation:
Preparation of a separate journal entries for each type of manufacturing cost
Jan 31
Dr Raw materials inventory $5,100
Cr AccountsPayable $5,100
Jan 31
Dr Work in Process inventory $7,500
Cr Factory wages payable $5,800
Cr Payroll taxes payable $1,700
Jan 31
Dr Manufacturing overhead $2,900
Cr Utilities payable $2,900
You are planning to save for retirement over the next 35 years. To do this, you will invest $710 per month in a stock account and $310 per month in a bond account. The return of the stock account is expected to be 9.1 percent, and the bond account will earn 5.1 percent. When you retire, you will combine your money into an account with an annual return of 6.1 percent. Assume the returns are expressed as APRs.
How much can you withdraw each month from your account assuming a 30-year withdrawal period?
Answer:
monthly payment = $16,162.87
Explanation:
future value of stock account = $710 x= [(1 + 0.00758333)⁴²⁰- 1 ] / 0.00758333 = $2,142,045
future value of bond account = $310 x= [(1 + 0.00425)⁴²⁰- 1 ] / 0.00425 = $360,116
future value = $2,502,161
PVIFA = [1 - 1/(1 + 0.0050833)³⁶⁰ ] / 0.0050833 = 165.019
monthly payment = $2,502,161 / 165.019 = $16,162.87
which one of the following best describes the human need?
a.fries
b.burger
c.pizza
d.food
e.none
Answer:
d. Food.
Explanation:
Human needs consist of numerous things, ranging from money to food to safety. And depending on the severity of a situation, one can always list what one thinks is the most important for a person.
Among the given list of things in the question, the most important that describes the human need is food. Without food, it is not possible for a person to live and survive. Food is and will always constitute one of the most important human needs.
How do you solve this :(!! Need a chart
Answer:
Purchases
Date Qty Unit Cost Total Cost
11 14 $15 $210
21 9 $16 $144
Cost of Sales
Date Qty Unit Cost Total Cost
14
14 $15 $210
6 $16 $96
25
9 $16 $144
5 $16 $80
Total $530
Inventory
Qty Unit Cost Total Cost
9 $16 $144
Total $144
Explanation:
LIFO method assumes that the units to arrive last, will be sold first. Also note that the perpetual Inventory method is used. This means the cost of sales and inventory value is calculated after every transaction.
So with LIFO , Cost of Sales will be calculated on recent prices (later prices) whilst Inventory will be valued at earlier prices (old prices).
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,900. During the month, it was assigned the following costs: direct materials, $76,900; direct labor, $24,900; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $113,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is: Group of answer choices $83,461. $196,961. $68,030. $16,630. $112,700.
Answer:
Ending Work in Process $16,630
Explanation:
The computation of the ending balance of the work in process inventory is shown below:
Beginning Work in process $10,900
Add: Manufacturing Costs
Direct Materials $76,900
Direct Labor $24,900
Factory Overhead $17,430 (70% of $24,900)
Less: Cost of goods manufactured ($113,500)
Ending Work in Process $16,630
On January 1, Alan King decided to deposit $58,800 in a savings account that will provide funds four years later to send his son to college. The savings account will earn 8% annually. Any interest earned will be added to the fund at year-end (rather than withdrawn). (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required:
Answer:
FV= $79,996.75
Explanation:
Giving the following information:
Initial investment (PV)= $58,800
Interest rate (i)= 8% compounded annually
Number of periods (n)= 4 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 58,800*(1.08^4)
FV= $79,996.75
Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 30,000 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow.
Sales (Units) Purchases (Units)
July 180,000 200,250
August 315,000 308,250
September 270,000 259,500
(1) Prepare the merchandise purchases budget for the months of July, August, and September.
Answer:
Merchandise purchases budget explanations only.
Explanation:
Hi, your question has missing information, however i have supplied explanations below.
A purchases budget is required to determine the quantities of purchases required for :
Resale - For MerchandisersUse in Production in case of ManufacturerHere is the structure of the merchandise purchases budget for Walker Company (Merchandiser).
Merchandise purchases budget
Month
Budgeted Sales x
Add Budgeted Inventory x
Total Purchases needed x
Less Budgeted Opening Inventory (x)
Budgeted Purchases x
As stated by the question : Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.
Ending Inventory = Next months` sales x required percentage
Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.
Negotiations often involve three types of issues. For ______________ issues, the parties' preferences are directly opposed. For ______________ issues, the parties have directionally-opposed preferences but value the issues differently. For ______________ issues, the parties have the same preferences.
Answer:
1. Distributive issues
2. Integrative issues
3. Congruent issues
Explanation:
Typically, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.
Hence, Negotiations often involve three types of issues. For DISTRIBUTIVE issues, the parties' preferences are directly opposed. For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently. For CONGRUENT issues, the parties have the same preferences.
For DISTRIBUTIVE issues, the parties' preferences are directly opposed.
For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently.
For CONGRUENT issues, the parties have the same preferences.
What is a Negotiation?A Negotiation refers to method through which parties settle their differences and in reaching an agreement.
Generally, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.
Read more about Negotiation
brainly.com/question/902450
Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions):
Sales $18,169.3
Food and packaging $ 6,129.7
Payroll 4,756.0
Occupancy (rent, depreciation, etc.) 4,402.6
General, selling, and administrative expenses 2,487.9
$17,776.2
Income from operations $ 393.1
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place).
b. What is McDonald's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).
Answer:
See below
Explanation:
Variable food and packaging = $6,129.7
Variable payroll = $4,756.0
Variable general, selling and administrative expenses = 40% × $2,487.9 = $995.16
Fixed general, selling and administrative expenses = 60% × $2,487.9 = $1,492.74
Fixed occupancy = $4,402.6
Total fixed cost = $1,492.84 + $4,402.6 = $5,895.34
Total variable cost = Variable food and packaging + Variable payroll + Variable general, selling and administrative expenses
= $6,129.7 + $4,756 + $995.16
= $11,880.86
a. McDonald's contribution margin
= Sales - Variable cost
= $18,169.3 - $11,880.86
= $6,288.44
b. McDonald's contribution margin
= Contribution margin / Sales
= $6,288.44 / $18,169.3
= 34.61%
c. Increase in operating income
= $500 million × 34.71
= $173,050,000
Castle Corporation conducts business in States 1, 2, and 3. Castle’s $630,000 taxable income consists of $555,000 apportionable income and $75,000 allocable income generated from transactions conducted in State 3. Castle’s sales, property, and payroll are evenly divided among the three states, and the states all employ a three-equal-factors apportionment formula.
Determine how much of Castle’s income is taxable in each of the following states.
a. State 1: $ _________
b. State 2: $ _________
c. State 3: $ _________
Answer and Explanation:
The computation of the taxable income in each states is shown below:
a. For state 1
= Apportionable income ÷ number of states
= $555,000 ÷ 3
= $185,000
b. For state 2
= Apportionable income ÷ number of states
= $555,000 ÷ 3
= $185,000
c. For state 3
= $185,000 + $75,000
= $260,000
Computing Basic and Diluted Earnings per Share Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May 1, an additional 9,000 shares of common stock were issued. On July 1, 6,000 shares of common stock were acquired for the treasury. On September 1, the 6,000 treasury shares of common stock were reissued. The preferred stock has a $4 per share dividend rate, and each share may be converted into 2 shares of common stock. Soliman Corporation’s 2018 net income is $230,000.
Required
a. Compute earnings per share for 2018. Round your answer to two decimal places.
b. Compute diluted earnings per share for 2018. Round your answer to two decimal places.
Answer:
Soliman Corporation
1. Basic EPS
= $6.18 per share
2. Diluted EPS
= $5.23 per share
Explanation:
a) Data and Calculations:
Convertible Preferred Stock = 5,000 or 10,000 Common Shares
Common Stock:
January 1, 2018 = 25,000
May 1, 2018 Issued 9,000
July 1, 2018 Treasury (6,000)
September 1, 2018 Treasury 6,000
Total outstanding 34,000
Converted preferred stock 10,000
Total outstanding 44,000
2018 Net Income = $230,000
Preferred dividend 20,000 ($4 * 5,000)
Income for Common $210,000
Basic Earnings per share = $210,000/34,000 = $6.18
Diluted Earnings per share = $230,000/44,000 = $5.23
Your company is estimated to make dividends payments of $2.1 next year, $3.6 the year after, and $4.2 in the year after that. The dividends will then grow at a constant rate of 6% per year. If the discount rate is 9% then what is the current stock price
Answer:
P0 = $122.79185 rounded off to $122.79
Explanation:
The dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under DDM is,
P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]
Where,
D1, D2, ... , Dn is the dividend expected in Year 1,2 and so ong is the constant growth rate in dividendsr is the discount rateP0 = 2.1 / (1+0.09) + 3.6 / (1+0.09)^2 + 4.2 / (1+0.09)^3 +
[(4.2 * (1+0.06) / (0.09 - 0.06)) / (1+0.09)^3]
P0 = $122.79185 rounded off to $122.79
Carol Beal is the export manager at Gudrun Sjoden USA, a licensed distributor for a Swedish designer. Carol has North America and all of Asia in her territory. She has just formed a joint venture to run retail branches in Tokyo, Shanghai, and Seoul. Her plan is to ship directly from the Gudrun Sjoden warehouse in Stockholm. Her Asian partner has requested she ship to her DDP, but Carol would prefer to ship Ex Works. Carol knows that there are critical differences between the two terms of sale and is reviewing what decision to make. She wants to keep her U.S. expenses as low as possible, and she would be funding the shipping out of the United States. She also wants to continue to build a good, solid, trusting relationship with her joint venture partner.
Which statement is true Carol ships goods Ex Works?
a. The buyer would cover shipping and insurance costs assume the risk the door.
b. The seller would cover all insurance costs while the buyer would cover the cost of shipping.
c. The goods be shipped from Stockholm at the seller's expense.
d. The seller would cover all shipping and insurance costs and assume the risk at the factory door.
e. The buyer would cover all insurance costs while the seller would cover the cost of shipping
Answer:
a. The buyer would cover all shipping and insurance costs and assume the risk at the factory door.
Explanation:
According to the given situation the exworks means that the seller fulfill his duty for delivering the goods when the goods are available at his place i.e. works, factory or warehouse to the buyer. Also the buyer would responisble to bear all the cost and the risk involved while taking the goods from the seller place to the final destination
Hence, the option a is correct
Computing Number of Shares
The charter of Vista West Corporation specifies that it is authorized to issue 212,000 shares of common stock. Since the company was incorporated, it has sold a total of 145,000 shares (at $16 per share) to the public. It has bought back a total of 15,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $23.
Required:
1. Determine the authorized shares.
2. Determine the issued shares.
3. Determine the outstanding shares.
Answer: See explanation
Explanation:
1. Determine the authorized shares.
The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.
2. Determine the issued shares.
The issued share simply means the shares sold. In this case, the answer is 145000 shares.
3. Determine the outstanding shares.
The outstanding shares will be:
= 145000 - 15000
= 130000
Super Saver Groceries purchased store equipment for $43,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $4,000. During the 10-year period, the company expects to use the equipment for a total of 13,000 hours. Super Saver used the equipment for 1,200 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.)
Answer:
$3900
$8600
$3600
Explanation:
This is the remaining part of the question :
Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods
1. Straight-line.
2.Double Declining Method
3.Activity Based
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(43,000 - 4000) / 10 = $3900
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/10 = 0.2
Depreciation expense = 0.2 x $43,000 = $8600
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
(1200 / 13,000) x (43,000 - 4000) = $3600
1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Answer:
1-a. Total Contribution margin is $210,000 and Net operating income is $28,000.
1-b. Degree of Operating Leverage = 7.50
2-a. The expected percentage increase in net operating income for next year is 150%.
2-b. Expected amount of Net Operating Income is $70,000.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed costs associated with the game total $182,000 per year, and variable costs are $6 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.
Required:
1-a. Prepare a contribution format income statement for the game last year.
1-b. Compute the degree of operating leverage.
2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption:
a. What is the expected percentage increase in net operating income for next year?
b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Explanation of the answer is now provided as follows:
1-a. Prepare a contribution format income statement for the game last year.
The contribution format income statement for the game last year can be prepared as follows:
Magic Realm, Inc.
Contribution Income Statement
For Last Year
Details Total ($) Per Unit ($)
Sales 300,000 20
Variable cost (90,000) (6)
Contribution margin 210,000 14
Fixed expense (182,000)
Net operating income 28,000
1-b. Compute the degree of operating leverage.
Degree of Operating Leverage = Contribution Margin / Operating Income = $210,000 / $28,000 = 7.50
2-a. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected percentage increase in net operating income for next year?
Since:
Degree of Operating Leverage = Percentage change in Operating Income / Percentage change in Sales
Substituting the relevant values, we have:
7.50 = Percentage change in Operating Income / 20%
Percentage change in Operating Income = 7.5 * 20% = 150%
Therefore, the expected percentage increase in net operating income for next year is 150%.
2-b. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
This can be calculated as follows:
Change in Net Operating Income = 150% * $28,000 = $42,000
Expected amount of Net Operating Income = Current Net Operating Income + Change in Net Operating Income = $28,000 + $42,000 = $70,000
Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.
1. On April 1, it established a petty cash fund in the amount of $268.
2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $76 Supplies purchased and used 41 Postage expense 49 I.O.U. from employees 33 Miscellaneous expense 52 The petty cash fund was replenished on April 10. The balance in the fund was $8.
3. The petty cash fund balance was increased $116 to $384 on April 20.
Prepare the journal entries to record transactions related to petty cash for the month of April.
april 1
pety cash 342 (d)
cash 342 (c)
april 10
???????????????????? 72 (d)
miscellaneous expense 48 (d)
postage expense 52 (d)
accounts recievable 29 (d)
???????????????????
??????????????????
??????????????????
petty cash ??
cash ??
Answer:
April 1
Dr Petty cash $268
Cr Cash $268
April 10
Dr Freight-in (Or Inventory) $76
Dr Supplies expense $41
Dr Dr Postage expense $49
Dr Accounts Receivable/Loan to employees $33
Dr Miscellaneous expense $52
Cr Cash over and short $9
Cr Cash $260
April 20
Dr Petty cash $116
Cr Cash $116
Explanation:
Preparation of the journal entries to record transactions related to petty cash for the month of April.
April 1
Dr Petty cash $268
Cr Cash $268
April 10
Dr Freight-in (Or Inventory) $76
Dr Supplies expense $41
Dr Dr Postage expense $49
Dr Accounts Receivable/Loan to employees $33
Dr Miscellaneous expense $52
Cr Cash over and short $9
($260-$76-$41-$49-$33-$52)
Cr Cash $260
($268-$8)
April 20
Dr Petty cash $116
Cr Cash $116
A large brand runs several companies, including a chain of hotels, an automobile business, and a software development firm. Which data warehouse would help the organization view consolidated results of all the businesses?
A.
distributed
B.
LAN based
C.
virtual
D.
multistage
E.
stationary
Answer:
A.
distributed
Explanation:
In the case of the large brand running several companies, the best data warehouse suitable for them would be distributed type. This is because, it would allow them to house their data separately in the different arms of the business like hotels, automobiles business and software development businesses before the information is linked together and distributed evenly.
The distributed data warehouse allows them to share information among the various arms of the businesses due to the linkage between them.
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2023 Subscription revenue recognized (earned) $ 350 $ 360 $ 320 Subscription payments received in cash 390 340 360 The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future. Required: 1. What is the balance sheet account that gives rise to a temporary difference in this situation
Answer: Unearned subscription revenue.
Explanation:
Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.
In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.
The account giving this temporary difference is therefore the Unearned Subscription Revenue account.
15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The design engineers have established an upper specification limit of 22 and a lower specification limit of 18. Which statement concerning this process is TRUE? A. The two‐sided specification process capability index is 1.47 B. The one‐sided specification process capability index is 1.33 C. The process must be in control D. None of these is true
Answer:
A. The two sided specification process capability index is 1.47
Explanation:
The formula for calculating process capability index is :
( Upper specification Limit - Average of mean ) / 3 * Standard Deviation
CI = ( 22 - 19.8 ) / 3 * 0.5
CI = 1.47 approximately.
Due to recent political and economic events, general prices of goods and services are expected to increase significantly over the next five years. You were about to purchase a five-year bond. You now require a higher return on the bond than you did before you found out about these expected price increases. Determine which of these fundamental factors is affecting the cost of money in the scenario described:
Answer:
The options are missing, so I looked for similar questions.
the missing options are:
inflationtime preferencesriskthe correct answer is inflation.
When investors purchase bonds, they are worried about the real interest rate that they will receive = nominal interest rate - inflation rate.
Sine the inflation rate is increasing, then the nominal rate must also increase in order to keep the real interest rate stable.
Explanation:
You just won the $114 million ultimate lotto jackpot. Your winnings will be paid as $3,800,000 per year for the next 30 years. If the appropriate interest rate is 7.1% what is the value of your windfall?
Answer:
$46,684,511.77
Explanation:
To determine the value of the windfall, we would first determine the future value of the windfall and then determine the present value
Future value = annuity x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
FV = P (1 + r) n
FV = Future value
P = Present value
R = interest rate
N = number of years
Annuity factor = [(1.071)^30 - 1] / 0.071 = 96.177470
FV = $3,800,000 x 96.177470 = 365,474,386
Present value = FV x ( 1 +r)^-n
365,474,386 x (1.071)^-30 = $46,684,511.77