The ratio you are referring to is called the current ratio. It is calculated by dividing a company's current assets by its current liabilities. The current ratio is used to evaluate a company's liquidity or its ability to meet short-term obligations.
A current ratio greater than 1 indicates that a company has more current assets than current liabilities, which is generally seen as favourable. It suggests that the company is capable of paying off its short-term debts and has a strong financial position.
On the other hand, a current ratio of less than 1 indicates that a company has more current liabilities than current assets. This could be a sign of financial difficulty and may imply that the company may struggle to meet its short-term obligations.
However, it's important to note that the current ratio should not be used as the sole determinant of a company's financial health. It should be analyzed in conjunction with other financial ratios and factors, such as industry standards, historical trends, and the company's overall financial performance.
In conclusion, the current ratio is used to evaluate a company's liquidity and its ability to pay off short-term debts.
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A complex fraud that involves the purchase and subsequent resale of property at greatly inflated prices is called?
A complex fraud that involves the purchase and subsequent resale of property at greatly inflated prices is called real estate or property flipping fraud.
Real estate flipping fraud typically involves a scheme where individuals or groups artificially inflate the value of a property through various means and then quickly resell it to unsuspecting buyers at inflated prices. This type of fraud often requires coordination among multiple participants, including appraisers, real estate agents, mortgage brokers, and sometimes even straw buyers.
1. Fraudsters may manipulate the property's appraisal by providing false information or pressuring appraisers to provide an inflated value.
2. Fake documents, such as false income statements, employment verifications, or financial records, may be created to deceive lenders and buyers into believing that the property is worth more than its actual value.
3. Fraudsters may use straw buyers, individuals who pose as legitimate buyers but are actually working in collusion with the fraudsters, to purchase the property at the inflated price. The property is then quickly resold to an unsuspecting buyer at the inflated price, often with the assistance of complicit real estate agents.
4. Fraudulent mortgage applications can be submitted, including false information about the buyer's income, assets, or intent to occupy the property, in order to secure loans for the inflated purchase price.
The fraudulent practice of purchasing and subsequently reselling property at greatly inflated prices is commonly known as real estate or property flipping fraud.
It involves various deceptive tactics, including property valuation manipulation, fictitious documentation, straw buyers, and mortgage fraud. It is important for buyers, lenders, and professionals involved in real estate transactions to exercise due diligence and be aware of the signs of such fraud to prevent financial losses.
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Pharrell, Inc., has sales of $603,000, costs of $255,000, depreciation expense of $62,000, interest expense of $29,000, and a tax rate of 30 percent what is the earnings per share
The earnings per share, given the sales, depreciation expense and the tax rate would be $ 159.
How to find the earnings per share ?To calculate the earnings per share (EPS), we need to first calculate the net income. Net income is calculated by subtracting all expenses from revenue:
Net income = $603,000 - $255,000 - $62,000 - $29,000
= $159,000
After tax income :
= Net income x ( 1 - tax rate)
= 159, 000 x ( 1 - 30 %)
= $ 111, 300
The earnings per share given 1,000 shares is:
= 111, 300 / 1, 000
= $ 11.13
In conclusion, the earnings per share that Pharrell, Inc. can boast of, thanks to their sales and expenses, is $ 11. 13.
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The earnings per share of Pharrell, Inc. is $1.556 per share.
Earnings after tax or net income can be calculated by:
Revenue – Expenses = Earnings after tax
OR
Revenue – Cost of Goods Sold – Operating Expenses – Interest Expense – Taxes = Net Income
In this case, we can calculate net income using the second formula:
Revenue – Cost of Goods Sold – Operating Expenses – Interest Expense – Taxes = Net Income
Where,
Revenue = $603,000
Costs of Goods Sold = $255,000
Operating Expenses = Depreciation Expense = $62,000
Interest Expense = $29,000
Tax Rate = 30%
Calculating,
Net Income = 603,000 – 255,000 – 62,000 – 29,000 – (0.3 * 257,000)
Net Income = $38,900
Number of Shares Outstanding = 25,000
Hence, earnings per share is calculated by dividing the net income by the number of outstanding shares.
Earnings per share = Net Income / Number of Outstanding Shares
Therefore, Earnings per Share = $38,900/25,000 = $1.556 per share.
The earnings per share of Pharrell, Inc. is $1.556 per share.
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Marco owns a business in the country in which he lives. Decisions about what goods to produce, how he will produce those goods, and what distribution methods he will use are based on supply and demand and competition. Marco lives in a ______ country.
Marco lives in a market-based economy country where the decisions regarding goods, production methods, and distribution methods are based on supply and demand and competition.
Marco owns a business in the country in which he lives. Decisions about what goods to produce, how he will produce those goods, and what distribution methods he will use are based on supply and demand and competition. Marco lives in a market-based economy country.
A market economy (or market-based economy) is a type of economic system in which the production of goods and services is determined by supply and demand, as well as competition between businesses. In this type of economy, businesses are free to produce whatever goods and services they choose, and they determine their own production methods and distribution methods.
Consumers, in turn, are free to buy the goods and services they desire at a price that is determined by the market. As a result, a market economy is often characterized by innovation, efficiency, and flexibility, as businesses are incentivized to meet the needs of consumers in the most cost-effective and profitable way possible.
To summarize, Marco lives in a market-based economy country where the decisions regarding goods, production methods, and distribution methods are based on supply and demand and competition.
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The ________ the down payment made by a borrower when taking out a mortgage, the ________.
The larger the down payment made by a borrower when taking out a mortgage, the lower the loan-to-value ratio.
The loan-to-value ratio is the percentage of the loan amount in relation to the appraised value of the property. When a borrower makes a larger down payment, it reduces the loan amount in relation to the property's value, resulting in a lower loan-to-value ratio.
This is beneficial for the borrower because it reduces the lender's risk and may lead to more favorable loan terms, such as lower interest rates. Additionally, a larger down payment can also result in lower monthly mortgage payments and potentially save the borrower money in the long run.
It is generally recommended for borrowers to make a down payment of at least 20% of the property's value to avoid private mortgage insurance (PMI) costs.
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Mulligan Company collected $12,800 in May of 2019 for 5 months of service which would take place from October of 2019 through February of 2020. The revenue reported from this transaction during 2019 would be a. $0. b. $5,120. c. $7,680. d. $12,800.
The revenue reported from this transaction during 2019 would be $0 (option a).
In accounting, revenue is recognized when it is earned, regardless of when the cash is received. In this case, Mulligan Company collected $12,800 in May of 2019 for 5 months of service which would take place from October of 2019 through February of 2020.
Since the service is not provided in 2019, no revenue should be reported in 2019. The $12,800 collected in May 2019 would be recognized as revenue in the months of October 2019 through February 2020, when the service is actually provided.Therefore, the correct answer is a. $0.
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Other things equal, an increase in the u.s. net capital outflow ________ the demand for loanable funds and ________ the supply of dollars in the market for foreign currency exchange.
An increase in the U.S. net capital outflow decreases the demand for loanable funds and increases the supply of dollars in the market for foreign currency exchange.
Net capital outflow refers to the difference between the outflow of capital from a country and the inflow of capital into the country. It represents the net amount of domestic savings invested abroad minus the foreign savings invested domestically.
When there is an increase in the U.S. net capital outflow, it means that more capital is flowing out of the United States to be invested in foreign assets. This has two effects:
Demand for Loanable Funds: An increase in net capital outflow reduces the demand for loanable funds in the United States. This is because when capital is invested abroad, it is not available for domestic borrowing and investment purposes. Therefore, the demand for loanable funds decreases.
Supply of Dollars in the Foreign Currency Exchange Market: An increase in net capital outflow leads to an increase in the supply of U.S. dollars in the market for foreign currency exchange. When U.S. investors invest in foreign assets, they typically exchange U.S. dollars for foreign currencies to make the investments. This increases the supply of U.S. dollars in the foreign currency exchange market.
In summary, an increase in the U.S. net capital outflow decreases the demand for loanable funds within the United States and increases the supply of U.S. dollars in the market for foreign currency exchange.
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If an employee's weight is evidence of or results from a disability, the employer must explore whether the worker is otherwise qualified for the position. Under the Americans with Disabilities Act (ADA), the individual is considered 'otherwise qualified' if she or he:
Under the Americans with Disabilities Act (ADA), if an employee's weight is evidence of or results from a disability, the employer is required to explore whether the worker is otherwise qualified for the position.
To be considered 'otherwise qualified' under the ADA, the individual must meet the following criteria:
1. Possess the necessary skills, education, and experience required for the job.
2. Be able to perform the essential functions of the job, either with or without reasonable accommodations.
3. Meet any relevant job-related qualification standards or criteria.
Weight alone is not considered a disability under the ADA, but if it is linked to an underlying medical condition or impairment that qualifies as a disability, the employer must engage in the interactive process to determine if the employee can perform the essential job functions. The ADA emphasizes the importance of considering individual qualifications and providing reasonable accommodations to enable qualified individuals with disabilities to participate fully in the workforce.
According to the Americans with Disabilities Act (ADA), if an employee's weight is indicative of or caused by a disability, the employer must assess whether the employee meets the necessary qualifications for the position.
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A supply chain: Multiple Choice supplies jewelry chains. does not apply to a service firm like an accounting firm. refers to the flow of materials, information, payments, and services. is similar in function and purpose to the value chain.
The statement that "A supply chain: Multiple Choice supplies jewelry chains" is incorrect because a supply chain is not specific to any particular industry or product.
A supply chain refers to the network of organizations, activities, resources, and processes involved in the production, distribution, and delivery of goods or services to customers. It encompasses the flow of materials, information, payments, and services from the initial sourcing of raw materials to the final delivery of the product or service to the end consumer.
While it is true that a supply chain is commonly associated with the manufacturing and distribution of physical goods, it can also be applicable to service firms like an accounting firm. In the case of a service firm, the supply chain would involve the acquisition of necessary resources (e.g., skilled professionals, software, infrastructure), the coordination of activities (e.g., client onboarding, data analysis, financial reporting), and the delivery of services to clients.
Although the term "value chain" is often used interchangeably with the supply chain, they have slight differences. The value chain refers to the set of activities that a company undertakes to create and deliver value to its customers. It includes both primary activities (e.g., inbound logistics, operations, marketing, after-sales service) and support activities (e.g., procurement, technology development, human resources). The supply chain is a crucial component of the value chain as it encompasses the physical flow of goods and services, along with the associated information and financial flows.
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A new machine with a purchase price of $82,127, with transportation costs of $7,712, installation costs of $6,635, and special acquisition fees of $2,836, would have a cost basis of a.$82,127 b.$99,310 c.$88,762 d.$91,598
A new machine with a purchase price of $82,127, with transportation costs of $7,712, installation costs of $6,635, and special acquisition fees of $2,836, would have a cost basis of .$99,310. So, the correct answer is b. $99,310.
What is a purchase price?A purchase price refers to the amount of money or consideration paid by a buyer to acquire a product, asset, or service from a seller. It represents the agreed-upon value or cost of the item being purchased.
The cost basis of the new machine can be calculated by adding the purchase price, transportation costs, installation costs, and special acquisition fees.
$82,127 (purchase price) + $7,712 (transportation costs) + $6,635 (installation costs) + $2,836 (special acquisition fees) = $99,310
Therefore, the correct answer is b. $99,310.
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If a legal price ceiling is set above the equilibrium price: a shortage of the product will occur. a surplus of the product will occur. a black market will evolve. neither the equilibrium price nor the equilibrium quantity will be affected.
If a legal price ceiling is set above the equilibrium price, neither the equilibrium price nor the equilibrium quantity will be affected.
A price ceiling is a maximum price that can be legally charged for a good or service.
The equilibrium price on the other hand is the price at which the quantity demanded equals the quantity supplied.
If the price ceiling is set above the equilibrium price, it means that the market price can still reach the equilibrium level. In this case, there will be no shortage or surplus of the product and a black market is unlikely to evolve.
A price ceiling is the mandated maximum amount a seller is allowed to charge for a product or service.
Usually set by law, price ceilings are typically applied to staples such as food and energy products when such goods become unaffordable to regular consumers.
A price ceiling is essentially a type of price control.
Price ceilings can be advantageous in allowing essentials to be affordable at least temporarily.
However economists question how beneficial such ceilings are in the long run.
Price ceiling is a type of price control usually government-mandated, that sets the maximum amount a seller can charge for a good or service.
Price ceilings are typically imposed on consumer staples, like food, gas or medicine often after a crisis or particular event sends costs skyrocketing.
The opposite of a price ceiling is a price floor—a point below which prices can't be set.
While they make staples affordable for consumers in the short term, price ceilings often carry long-term disadvantages, such as shortages, extra charges or lower quality product.
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Predictable incremental delivery occurs based on which two practices?
Predictable incremental delivery is based on the practices of iterative development and continuous integration.
Continuous Integration (CI) is a development practice where developers frequently merge their code changes into a shared repository. This practice involves automating the process of building and testing the software with each integration.
By integrating code changes regularly, CI aims to detect and resolve integration issues early in the development cycle. The automated build and test processes ensure that the code integrates smoothly and does not introduce any conflicts or regressions.
CI promotes collaboration among developers, improves code quality, and enables teams to deliver software more efficiently and with greater confidence.
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The ______________ is the basic principle that as more is produced, eventually less additional output will result with each additional input.
The law of diminishing returns is the basic principle that as more is produced, eventually less additional output will result with each additional input.
The law of diminishing returns, also referred to as the law of diminishing marginal productivity, is an economic principle that states that as more units of a variable input (such as labor or capital) are added to a fixed input (such as land or machinery) in the production process, the marginal contribution of each additional unit of the variable input will eventually decrease.
When additional units of a variable input are added while keeping other inputs constant, the total output will increase at an increasing rate. This is known as the stage of increasing returns. However, beyond a certain point, adding more units of the variable input will lead to smaller and smaller increases in total output. Eventually, the total output may even start to decline. This is referred to as the stage of diminishing returns.
The law of diminishing returns is a fundamental concept in economics and has implications for production decisions, resource allocation, and efficiency. It highlights the idea that there are limits to productivity gains that can be achieved by simply increasing the quantity of inputs. It suggests that optimal production levels can be reached by balancing inputs and identifying the point where the marginal benefit from additional inputs equals the marginal cost.
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Your goal is to have $1,000,000 in 20 years in an investment account that is available for you to withdraw starting 21st year. To that end, you are evaluating multiple options. Which option would you prefer and why
The goal is to have $1,000,000 in 20 years in an investment account that is available for withdrawal starting in the 21st year. We need to evaluate multiple options and choose the best one. The options that we can choose are as follows: Option 1: Invest $250,000 today in a mutual fund that pays a fixed rate of 6% per year. The investment will be compounded annually. At the end of the 20th year, you can withdraw the amount of the investment. Option 2: Invest $250,000 today in a mutual fund that pays a fixed rate of 6% per year.
The investment will be compounded annually. At the end of the 20th year, you can withdraw the amount of the investment plus the interest earned. You can continue to withdraw the interest earned each year for the next 20 years.Option 3: Invest $250,000 today in a mutual fund that pays a variable rate of return.
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china, with its strong individualistic, entrepreneurial, free-market spirit, historically has been viewed as the leading economically capitalistic economy in the world.
China, with its strong individualistic, entrepreneurial, and free-market spirit, has emerged as a significant player in the global economy. However, it is important to note that while China has experienced rapid economic growth and embraced certain capitalist principles, it is still considered a socialist country with a mixed economic system.
China's economic transformation began in the late 1970s when it initiated market-oriented reforms under Deng Xiaoping's leadership. These reforms aimed to liberalize the economy, encourage private enterprise, and attract foreign investment. Over the years, China has implemented policies that have opened up its markets, created Special Economic Zones, and established a more business-friendly environment.
This approach has led to significant economic expansion, with China becoming the world's second-largest economy. It has also fostered a dynamic entrepreneurial spirit and allowed individuals to pursue business opportunities. The country's manufacturing prowess, export-oriented industries, and growing consumer market have further solidified its economic influence.
However, it is essential to recognize that China's economic system is still characterized by strong state intervention, state-owned enterprises, and extensive government control. The government plays a significant role in guiding economic development, setting policies, and maintaining social stability. Additionally, China's political structure and regulations continue to reflect its socialist foundations.
while China has embraced certain capitalist principles and experienced substantial economic growth, it is crucial to acknowledge the mixed nature of its economic system. China's economic success can be attributed to a combination of market-oriented reforms, entrepreneurship, and government guidance.
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If a manufacturer divides the organization according to the way goods are created, what type of departmentalization is being utilized?
The type of departmentalization being utilized is process departmentalization.
Process departmentalization is a form of organizing a manufacturing organization based on the specific processes involved in creating goods or services. It involves grouping activities and employees based on the particular steps or stages of production.
In process departmentalization, departments are created based on the functions or processes involved in the manufacturing process. For example, departments such as production, quality control, packaging, maintenance, and shipping could be formed.
Process departmentalization allows for specialization and efficiency within each department. By dividing the organization according to the way goods are created, the manufacturer can effectively manage and coordinate the different processes involved in manufacturing. This type of departmentalization ensures that each process or function receives the necessary focus and expertise, leading to improved productivity and quality in the production of goods.
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analyzing, identifying, and explaining the effects of a stock split on march 1 of the current year, xie company has 450,000 shares of $20 par value common stock that are issued and outstanding. its balance sheet shows the following account balances relating to common stock. common stock $9,000,000 paid-in capital in excess of par value 3,450,000 on march 2, xie company splits its common stock 2-for-1 and reduces the par value to $10 per share. required a. how many shares of common stock are issued and outstanding immediately after the stock split?
There are 900,000 shares of common stock issued and outstanding immediately after the stock split.
To calculate the number of shares of common stock issued and outstanding immediately after the stock split, we need to consider the given information and the effects of the division. Given information before the stock split: Number of shares of common stock: 450,000, Par value per share: $20, Expected stock balance: $9,000,000. Paid-in capital over par value: $3,450,000. Effects of the stock split: The stock split is 2-for-1, meaning each existing share will be split into two shares. The par value per share is reduced to $10. To calculate the number of shares issued and outstanding after the stock split, we can divide the original number of claims by the split ratio: Number of shares after split = Number of shares before split * Split ratio, Number of shares after split = 450,000 * 2. Number of shares after split = 900,000. Therefore, 900,000 shares of common stock are issued and outstanding immediately after the stock split. In a 2-for-1 stock split, each existing share is split into two shares. Since Xie Company had 450,000 shares of common stock before the break, the total number of shares after the division becomes 450,000 * 2 = 900,000. The split does not affect the company's total equity, as the par value per share is reduced from $20 to $10. The division increases the number of outstanding shares but decreases the par value per share, which may result in more affordable and liquid shares for investors.
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Year 1 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 9%, $35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $51,000 cash from NBR Bank by signing a 120-day, 12%, $51,000 note payable. __
The company purchased merchandise on credit from Locust, replaced the account payable with a note payable, and also borrowed cash from NBR Bank by signing a note payable.
Year 1 Apr. 20: Purchased $37,500 of merchandise on credit from Locust, terms n/30.
This means that on April 20th, the company bought merchandise from Locust for a total of $37,500. The terms of the purchase were "net 30," which means that the company has 30 days to pay the amount in full.
May 19: Replaced the April 20 account payable to Locust with a 90-day, 9%, $35,000 note payable along with paying $2,500 in cash.
On May 19th, the company replaced the account payable to Locust from the April 20th purchase with a note payable. The note payable is for $35,000, has a maturity period of 90 days, and carries an interest rate of 9%. Additionally, the company also paid $2,500 in cash.
July 8: Borrowed $51,000 cash from NBR Bank by signing a 120-day, 12%, $51,000 note payable.
On July 8th, the company borrowed $51,000 in cash from NBR Bank. This was done by signing a note payable with a maturity period of 120 days and an interest rate of 12%.
In summary, the company purchased merchandise on credit from Locust, replaced the account payable with a note payable, and also borrowed cash from NBR Bank by signing a note payable.
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Match the bonds with the effect on the bond-related interest expense. Discounted bonds Discounted bonds drop zone empty. Premium bonds
The effect on bond-related interest expense depends on whether the bond is discounted or premium. Discounted bonds generally result in lower bond-related interest expense, while premium bonds typically lead to higher bond-related interest expense.
When a bond is issued at a discount, it means that the bond's coupon rate is lower than the prevailing market interest rate. In this case, the bondholder pays less than the face value of the bond. Discounted bonds have the effect of reducing the bond-related interest expense because the interest payments are based on the lower coupon rate, resulting in lower interest costs for the issuer.
On the other hand, premium bonds are issued when the bond's coupon rate is higher than the prevailing market interest rate. This means that the bondholder pays more than the face value of the bond. Premium bonds have the opposite effect, increasing the bond-related interest expense. The higher coupon rate results in higher interest payments, leading to higher interest costs for the issuer.
In summary, discounted bonds generally lead to lower bond-related interest expense due to their lower coupon rates, while premium bonds typically result in higher bond-related interest expense due to their higher coupon rates.
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In the market for beef in the us, what will happen to equilibrium price and quantity if the price of corn (cattle feed) rises?
If the price of corn rises, the equilibrium price of beef in the US market will increase, while the quantity of beef available may decrease. This is due to the higher production cost for cattle farmers, resulting in a decrease in supply and potentially higher prices for consumers.
In the market for beef in the US, if the price of corn (cattle feed) rises, there will be an impact on the equilibrium price and quantity.
1. The price of corn is an input cost for cattle farmers.
When the price of corn increases, it becomes more expensive for farmers to feed their cattle.
2. As a result, the cost of production for beef increases, leading to a decrease in the supply of beef.
3. With a decrease in supply and assuming demand remains constant, the equilibrium price of beef will increase.
This is because the higher production cost pushes suppliers to increase the price in order to maintain profitability.
4. Additionally, the decrease in supply may also lead to a decrease in the quantity of beef available in the market.
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Milling Customizing Machine-hours 26,000 29,000 Direct labor-hours 11,000 5,000 Total fixed manufacturing overhead cost $ 153,400 $ 18,500 Variable manufacturing overhead per machine-hour $ 1.30 Variable manufacturing overhead per direct labor-hour $ 5.00 During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 70 30 Direct labor-hours 50 60 Direct materials $ 450 $ 190 Direct labor cost $ 580 $ 570 If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to
Total fixed manufacturing overhead cost $ 153,400 $ 18,500Variable manufacturing overhead per machine-hour $ 1.30Variable manufacturing overhead per direct labor-hour $ 5.00Job A319:
Milling CustomizingMachine-hours 70 30Direct labor-hours 50 60Direct materials $ 450 $ 190Direct labor cost $ 580 $ 570Markup on Manufacturing Costs = 20%Variable Manufacturing Overhead = Variable Manufacturing Overhead per machine-hour x Milling + Variable Manufacturing Overhead per direct labor-hour x CustomizingFixed Manufacturing Overhead = Total fixed manufacturing overhead cost / Machine-hoursMilling = 70 hoursCustomizing = 30 hoursMachine-hours = Milling + Customizing = 70 + 30 = 100Direct Labor Cost = Direct labor-hours x Direct Labor RateMilling Direct Labor Cost = 50 x $ 12.00 = $ 600.00
Customizing Direct Labor Cost = 60 x $ 9.50 = $ 570.00Total Direct Labor Cost = $ 600 + $ 570 = $ 1,170Direct Materials Cost = $ 450 + $ 190 = $ 640Variable Manufacturing Overhead = $ 1.30 x 70 + $ 5.00 x 60 = $ 460.00Fixed Manufacturing Overhead = $ 153,400 / 26,000 + $ 18,500 / 29,000 = $ 10.00Markup on Manufacturing Costs = 20%Selling Price = Total Manufacturing Costs + Markup on Manufacturing CostsTotal Manufacturing Costs = Direct Materials Cost + Direct Labor Cost + Variable Manufacturing Overhead + Fixed Manufacturing OverheadSelling Price = $ 640 + $ 1,170 + $ 460 + $ 10.00Selling Price = $ 2,280.00 x 20% = $ 456.00Selling Price = $ 2,280 + $ 456 = $ 2,736. Therefore, the selling price for Job A319 would be closest to $2,736. Answer: Main Answer: $ 2,736.
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For given input prices, isocosts closer to the origin are associated with Multiple Choice lower costs. initially lower, then higher costs. the same costs. higher costs.
Isocosts closer to the origin are associated with initially lower costs.
Why are isocosts closer to the origin associated with initially lower costs?Isocosts represent different combinations of inputs that result in the same total cost. When isocosts are closer to the origin, it indicates lower total costs initially. This is because inputs closer to the origin are generally less expensive.
But as we move away from the origin along the isocost line, the total cost increases due to the increased quantity or more expensive inputs required to produce a given level of output.
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When a customer returns merchandise that it recently purchased on credit, the journal entry to record this transaction would credit Accounts Receivable and the Cost of Goods Sold. It would also debit: 1. Sales Returns
1. The journal entry to record a sales return transaction would credit Accounts Receivable and Cost of Goods Sold. It would also debit Sales Returns. This transaction is recorded as a sales return. The two accounts which are affected are Accounts Receivable and Sales Returns.
When a customer returns merchandise that it recently purchased on credit, the journal entry to record this transaction would credit Accounts Receivable and the Cost of Goods Sold. It would also debit Sales Returns. This transaction is recorded as a sales return. The two accounts which are affected are Accounts Receivable and Sales Returns.
The accounting process for this transaction includes a credit to Accounts Receivable account and a debit to the Sales Returns account. There is also a debit to the Cost of Goods Sold account. In addition to the above accounts, the Inventory account is credited. When an organization records a sales return, it reverses the original entry that recorded the sale.
This means that the accounts that were debited are now credited, and the accounts that were credited are now debited. The Cost of Goods Sold account, which is debited during the initial sale, is credited during a sales return. When inventory is returned to a vendor or supplier, the Inventory account is credited with the returned inventory’s value.
Therefore, the journal entry to record a sales return transaction would credit Accounts Receivable and Cost of Goods Sold. It would also debit Sales Returns.
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an earthquake destroys a good portion of the capital stock. how would you expect this to affect the capital-labor ratio in the long run? there would be
There would be an increase in the capital-labor ratio in the long run.
When an earthquake destroys a significant portion of the capital stock, it leads to a reduction in the available capital resources. As a result, the capital-labor ratio, which represents the amount of capital per unit of labor, would increase in the long run. With a lower capital stock and a relatively unchanged labor force, the ratio of capital to labor would rise.
The increase in the capital-labor ratio can have several implications. First, it may lead to a decrease in labor productivity since workers would have fewer capital resources to support their work. This could result in a decline in overall output and economic growth. Additionally, the higher capital-labor ratio may increase the demand for labor, as firms strive to compensate for the reduced capital by employing more workers. This could potentially lead to an increase in wages and changes in the labor market dynamics.
Overall, the impact of an earthquake on the capital-labor ratio in the long run would depend on various factors such as the extent of the capital destruction, the availability of resources for reconstruction, and the effectiveness of recovery efforts.
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During the current year, a company's total assets decreased by $10,000 and total stockholders' equity increased by $5,000. How much did its total liabilities increase or decrease during the current year
The company's total liabilities decreased by $30,000 during the current year.
During the current year, the company's total assets decreased by $10,000 and total stockholders' equity increased by $5,000.
To find out how much the total liabilities increased or decreased during the current year, we can use the accounting equation:
Assets = Liabilities + Stockholders' Equity
Given that the total assets decreased by $10,000 and the total stockholders' equity increased by $5,000, we can write the equation as:
Assets - $10,000 = Liabilities + (Stockholders' Equity + $5,000)
We need to isolate the "Liabilities" term to determine the change in total liabilities. To do this, we rearrange the equation:
Liabilities = Assets - Stockholders' Equity
Plugging in the given values, we have:
Liabilities = (Assets - $10,000) - (Stockholders' Equity + $5,000)
Simplifying this equation, we get:
Liabilities = Assets - Stockholders' Equity - $10,000 - $5,000
Liabilities = Assets - Stockholders' Equity - $15,000
Since the assets decreased by $10,000 and the stockholders' equity increased by $5,000, we substitute those values:
Liabilities = ($10,000 decrease) - ($5,000 increase) - $15,000
Liabilities = -$10,000 - $5,000 - $15,000
Liabilities = -$30,000
Therefore, the total liabilities decreased by $30,000 during the current year.
It is important for a company to keep track of its assets, liabilities, and stockholders' equity. In this case, the company experienced a decrease in total assets and an increase in total stockholders' equity, resulting in a decrease in total liabilities.
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One of the primary differences between job costing for service and manufacturing companies is that service firms generally ________.
One of the primary differences between job costing for service and manufacturing companies is that service firms generally do not have physical products or inventories to track and assign costs to.
Job costing is a method used to track and allocate costs to specific jobs or projects. In manufacturing companies, job costing involves assigning costs to different production processes, materials, and finished goods. However, in service firms, the nature of their operations often involves providing intangible services rather than tangible products. As a result, service firms typically do not have physical inventories or the need to track costs associated with materials and production processes like manufacturing companies do. Instead, job costing in service firms focuses on allocating costs related to labor, overhead, and other resources utilized in delivering services to customers.
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chegg the essential issue in satisfying customers in the make-to-stock environment is to balance the cost of the finished item against the willingness of the consumer to pay for it.
The essential issue in satisfying customers in the make-to-stock environment is striking a balance between the cost of the finished item and the willingness of the consumer to pay for it.
In a make-to-stock environment, products are manufactured in advance and held in inventory until a customer makes a purchase. The challenge lies in determining the optimal price for the finished item that aligns with both the production cost and the customer's perceived value.
To satisfy customers, it is crucial to understand their willingness to pay for the product. This willingness is influenced by various factors such as quality, brand reputation, market competition, and customer preferences. By considering these factors, businesses can set a price that reflects the perceived value of the product to the customer.
On the other hand, the cost of the finished item plays a significant role in profitability. This cost includes direct production costs, overhead expenses, and other associated expenses. Balancing the cost of production with the price that customers are willing to pay ensures that the business remains financially viable while meeting customer expectations.
Achieving this balance involves conducting market research, analyzing customer behavior and preferences, monitoring production costs, and adjusting pricing strategies accordingly. It requires a thorough understanding of the target market and a careful evaluation of cost and pricing structures to optimize customer satisfaction and profitability.
Ultimately, in a make-to-stock environment, successfully satisfying customers relies on finding the right equilibrium between the cost of the finished item and the value proposition it offers to customers.
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If the rate of spending growth decreases, what happens to the aggregate demand curve?
If the rate of spending growth decreases, it will lead to a decrease in the aggregate demand curve. This is because aggregate demand represents the total amount of goods and services that all sectors of the economy are willing and able to purchase at a given price level.
A decrease in the rate of spending growth means that consumers, businesses, and the government are spending less on goods and services . This decrease in spending leads to a decrease in the total demand for goods and services in the economy. As a result, the aggregate demand curve shifts to the left, indicating a lower level of overall demand at each price level.
When the rate of spending growth decreases, it typically means that consumers are purchasing fewer goods and services, businesses are investing less in capital and equipment, and the government is reducing its spending. As a result, the total demand for goods and services in the economy decreases.
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Dash replenishment service (drs) enables internet-connected coffee makers to order filters from ___ when supplies are running low.
Dash Replenishment Service (DRS) enables internet-connected coffee makers to order filters from Amazon when supplies are running low.
DRS is a service offered by Amazon that allows smart devices, such as coffee makers, to automatically reorder specific consumable products or supplies when they are running low or depleted. In the case of internet-connected coffee makers, when the filters are running low, the coffee maker can send a signal or trigger an automatic order through DRS to replenish the filters from Amazon.
This technology leverages the Internet of Things (IoT) connectivity and integration with e-commerce platforms like Amazon to provide a convenient and automated way for consumers to ensure they always have the necessary supplies for their devices. By eliminating the need for manual ordering, DRS streamlines the replenishment process and offers a seamless experience for customers.
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camp plus is a 3-year-old online sporting good store specializing in high-end camping gear and apparel. sales have been increasing steadily since the launch, but its market share is still quite low. given that the u.s. market for e-commerce sporting goods is nearly $10 billion, camp plus's owners feel that there is a significant opportunity for growth. in its first 3 years, camp plus has served over 10,000 customers. immediately following their first purchase, consumers receive an e-mail inviting them to join the cp club, camp plus's loyalty program. the cp club allows users to earn points based on purchase volume that can be redeemed for 10%, 20%, or 30% discounts on future purchases. currently, the cp clu
- Camp Plus, a 3-year-old online sporting goods store, has served over 10,000 customers since its launch.
- Camp Plus offers a loyalty program called the CP Club, where users can earn points based on their purchase volume.
- The CP Club allows users to redeem points for discounts of 10%, 20%, or 30% on future purchases.
Camp Plus is an online sporting goods store specializing in high-end camping gear and apparel. Despite its low market share, the owners believe there is a significant growth opportunity in the nearly $10 billion U.S. market for e-commerce sporting goods.
To enhance customer loyalty and encourage repeat purchases, Camp Plus offers the CP Club loyalty program. Immediately after their first purchase, customers receive an email inviting them to join the program. The CP Club allows users to earn points based on their purchase volume. These points can be redeemed for discounts of 10%, 20%, or 30% on future purchases, providing an incentive for customers to continue shopping with Camp Plus.
By implementing the CP Club, Camp Plus aims to foster customer loyalty, increase customer retention, and potentially attract new customers through word-of-mouth recommendations. The program creates a sense of exclusivity and rewards customers for their continued support, ultimately driving sales and facilitating the company's growth in the competitive e-commerce sporting goods market.
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Question Content AreaOn June 1, $40,000 of treasury bonds were purchased between interest dates. The brokerage commission was $600. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. How much interest revenue will be recorded on July 1
Question: On June 1, $40,000 of treasury bonds were purchased between interest dates. The brokerage commission was $600. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. How much interest revenue will be recorded on July 1?
Answer: To calculate the interest revenue that will be recorded on July 1, we need to consider the number of days between the purchase date and July 1.
Step 1: Calculate the number of days between June 1 and July 1. In this case, it is 30 days.
Step 2: Determine the interest for the 30-day period. Since the bonds pay interest semiannually, we need to calculate the interest for half a year.
Step 3: Divide the annual interest rate (12%) by 2 to get the semiannual interest rate, which is 6%.
Step 4: Calculate the interest for the 30-day period using the formula: (Principal x Semiannual interest rate x Number of days) / 360.
Step 5: Plug in the values into the formula: ($40,000 x 6% x 30) / 360 = $200.
Therefore, $200 will be recorded as interest revenue on July 1.
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