Answer: See explanation
Explanation:
1. The total, price, and quantity variances for materials will be:
Actual Production = 11250
Standard Quantity of Direct Material Required per unit = 8
Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000
Standard Price per Yard (SP) = 4.4
Actual Direct Material (AQ) = 90500
Actual Price per Pound (AP) = 4.15
Total Material Variance:
= (SP × SQ) - (AP × AQ)
= (4.40 × 90000) - (4.15 × 90500)
= 396000 - 375575
= 20425
Direct Material Price Variance:
= AQ × (SP - AP)
= 90500 × (4.40 - 4.15)
= 90500 × 0.25
= 22625 Favourable
Direct materials quantity variance:
= SP × (SQ - AQ)
= 4.40 × (90000 - 90500)
= 4.40 × -500
= -2200 Unfavourable
2. The total, price, and quantity variances for labor will be:
Actual Production = 11250
Standard Hours Required per unit = 1.2
Standard Hours required (SH) = 11250 × 1.20 = 13500
Standard Rate per Hour (SR) = 13.4
Actual Hours required (AH) = 14250
Actual Rate per Hour (AR) = 14.1
Total Labour Variance:
= (SR × SH) - (AR × AH)
= (13.40 × 13500) - (14.10 × 14250)
= 180900 - 200925
= -20025 Unfavourable
Dircet Labour RateVariance:
= AH × (SR - AR)
= 14250 × (13.40 - 14.10)
= 14250 × -0.7
= -9975 Unfavourable
Direct Labour efficiency variance:
= SR × (SH - AH)
= 13.40 × (13500 - 14250)
= 13.40 × -750
= -10050 Unfavourable
g Because of the downward sloping demand curve, a monopolist can increase its revenue is by ________. Group of answer choices only increasing price on its goods only decreasing price on its goods increasing or decreasing price of its good. charging the maximum price
Answer:
only increasing price on its goods
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses
Following is the sales budget for Coore, Inc., for the first quarter of 2019.
January February March
Sales budget $168,000 $186,000 $199,000
Credit sales are collected as follows:
65 percent in the month of the sale.
20 percent in the month after the sale.
15 percent in the second month after the sale.
The accounts receivable balance at the end of the previous quarter was $107,000 ($78,100 of which was uncollected December sales)
Requried:
a. Compute the sales for November.
b. Compute the sales for December.
c. Compute the cash collections from sales for each month from January through March.
Answer:
a. Sales for November = $192,666.67
b. Sales for December = $312,400,00
c. Total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
Explanation:
a. Compute the sales for November.
Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($107,000 - $78,100) / 15% = $192,666.67
b. Compute the sales for December.
Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00
c. Compute the cash collections from sales for each month from January through March.
Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.
From the attached excel file, total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
A long-term period of economic recession that leads to a low GDP and very
high unemployment is a(n)
Answer:
Depression
Explanation:
A long-term period of the economic recession that leads to a low GDP and very high unemployment is a(n) DEPRESSION
Depression is an economic term used to describe a deep tumble in an economy that occurs for a long period of more than six months. Depression lasts for years, and it is characterized by low real GDP and an awfully high level of unemployment.
Hence, in this case, the right answer is Depression.
If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are _____ goods. Group of answer choices
Answer: substitute goods
Explanation:
Substitute goods refer to the goods that serves thesame purpose by the consumers. A common example is Coke and Pepsi.
For a substitute good, when the price of one of the goods increase, then there will be an increase in the demand of the other one as people will now but more of that good and lesser of its substitute that has a price increase.
In this case, when the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, then the goods are substitute goods.
Martin used his credit card to buy a new bike. Which statement is true?
Answer: A.
Explanation: egde 2021
Answer: A, he borrowed money
Explanation:
Construction Inc. contracts to buy some heavy equipment from Dig Machines Inc. Before either party performs, Dig sells its assets to Excavation Corporation. On learning of the sale, Construction is concerned about its contract with Dig. Construction should a. buy the equipment from a different firm and bill Excavation for the price. b. demand an assurance of performance from the seller. c. buy the equipment from a different firm and bill the seller for the price. d. consider the contract repudiated and sue the seller for breach.
Answer:
Option b: Demand assurances of performance from the seller
Explanation:
Right of assurance
This is simply done if a party has reasonable grounds to believe that the other party will not hold their own part of the deal, he or she may ask in writing that the other party give adequate assurance of performance . It is stated that If the second party does not provide reasonable assurance as demanded within 30 days, this failure will lead to repudiation of the contract and can be regarded as an anticipatory breach.
The process for requesting adequate assurance is divided into three reasonable grounds;
1. Reasonable grounds for insecurity
2. Demand for adequate assurances of performance
3. Failure to provide adequate assurance is a Repudiation
Excavation can have some dig assets. That doees not mean they purchase all their asset and even if they do, they did not even purchase the whole company. As the company can produce more, construction conc. should or can place a request across to dig to give assurance of performance.
On September 1, Home Store sells a mower (that costs $120) for $420 cash with a one-year warranty that covers parts. Warranty expense is estimated at 6% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $29 in materials taken from the Repair Parts Inventory.
Required:
Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
Answer: See explanation
Explanation:
The entry is prepared below:
Sep-01
Dr Cash $420
Cr Sales revenue $420
(To record the mower sales)
Sep-01
Dr Cost of goods sold $120
Cr Finished goods inventory $120
(To record the cost of mower sales)
Sep-01
Dr Warranty expense (6% x $420) = $25.20
Cr Warranty liability $25.20
(To record the estimated warranty expense)
Jan-24
Dr Warranty liability $29
Cr Repair parts inventory $29
(To record the cost of warranty repairs)
RJR Nabisco recently experienced a market reevaluation due to a number of tobacco lawsuits. The firm has a bond outstanding with 15 years to maturity, and a coupon rate of 8 percent, with interest being paid semiannually. The required yield to maturity has risen to 16%. What is the price of the RJR Nabisco bond? a) $1,000 b) $804 c) $767 d) $550
Answer:
d) $550
Explanation:
The computation of the price of the RJR bond is given below;
Given that
Future value assume be $1,000
NPER = 15 × 2 = 30
PMT = $1,000 × 8% ÷ 2 = $40
RATE = 16% ÷ 2 = 8%
The formula is shown below:
=-PV(RATE,NPER,PMT,FV,TYPE)
After applying the above formula, the present value is $550
what are the marketing channel distribution strategy
Answer:
The three types of distribution channels are wholesalers, retailers, and direct-to-consumer sales. ... Retailers are generally the customers of the wholesalers and offer high-touch customer service to the end customers.
Determine whether each of the following statements is true, false or uncertain, and brieflyjustify your answer (a few sentences). No credit will be given for unsupported answers.1. The optimal tariff for a large open economy is 0.2. Multinational firms are important primarily in labor-intensive industries.3. Horizontal FDI is more likely to occur when trade costs are low but plant-level economiesof scale are high.4. For a small open economy, import tariffs and import quotas have identical effects onprices, welfare, and import levels.5. The median voter theory has been very successful at explaining actual trade policyoutcomes.
Answer:
1) False
2) Uncertain
3) False
4) False
5) True
Explanation:
1) Optimal tariff for a Large open economy is not zero ( 0 ) and this is because a large open economy has control over interest rates both domestically and in a larger scale, and its engaged in exports and imports trades with other economies of the world. hence its Optimal tariff should be > 0
2) The Importance of Multinational firms primarily in labor-intensive industries is Uncertain because Multinational firms can have a positive effect on labor by providing them with better wages and it can also affect labor negatively by laying off incompetent workers in the long run
3) Horizontal FDI is less likely to occur when the trade costs are low but plant-level economies of scale are high because lower trade costs will lead to a vertical FDI and not horizontal FDI
4) In an open economy the effects of import tariffs and import quotas does not have same effect on prices and import levels . reduction in import quota reduces import levels while increase in tariffs affects pricing of goods and services
5) True because increase in inequality and a country's endowment been held constant will raise trade barriers in a capital abundant economy and vice versa for less capital abundant economy .
recurring sale and purchase is the Hallmark of the business justify the answer
Answer:
Recurring or Repeated transaction of purchase and sale means business due to following reasons :-
》Incentivize your customers with points.
》Grow your customer base through referral programs.
》Improve customer retention with VIP programs.
》Create exclusive discounts for loyal customers.
》Use email retargeting to win customers back.
》Boost repeat purchases through personalized campaigns.
manufacturing costs for August when production was 1,000 units appear below: Direct material $12 per unit Direct labor $7,500 Variable overhead 6,000 Factory depreciation 9,000 Factory supervisory salaries 7,800 Other fixed factory costs 2,500 Compute the flexible budget manufacturing cost amount for a month when 900 units are produced.
Answer:
Total manufacturing Cost $42,250
Explanation:
The computation of the flexible budget manufacturing cost amount for a month when 900 units are produced is given below:
No. of units Produced 900 units
Direct material at $12 per unit $10,800
Direct labor (($7,500 ÷1,000) × 900) $6,750
Variable Overhead ($6,000 ÷ 1000) × 900 $5,400
Factory depreciation $9,000
Factory Supervisory salary $7,800
other fixed factory cost $2,500
Total manufacturing Cost $42,250
Megan Company has fixed costs of $429,450. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price Variable Cost per Unit Contribution Margin per Unit Q $320 $150 $170 Z 220 180 40 The sales mix for products Q and Z is 50% and 50%, respectively. Determine the break-even point in units of Q and Z. If required, round your answers to the nearest whole number. a. Product Q fill in the blank 1 units b. Product Z fill in the blank 2 units
Answer:Break-even point (units)= 4,090units ,
a. Product Q -2,045 units
b. Product Z -2,045 units
Explanation:
Given
Product Selling Price Variable Cost per Unit Contribution Margin per Unit Q $320 $150 $170
Z 220 180 40
Using the formulae
Break-even point (units)= Total fixed costs / Weighted average contribution margin
But weighted Q contribution: $170 x 50% = $ 85
weighted Z contribution: $ 40 x 50% = $ 20
Total Mix contribution(Weighted average contribution margin)=$105
Break-even point (units)= $429,450/ $105
Break-even point (units)= 4,090units
Now, for each product:
Q= 4,090units x 50%= 2,045 units
Z= 4,090units x 50%= 2,045 units
Therefore,
a. Product Q -2,045 units
b. Product Z -2,045 units
discuss any 2 factors that you would consider when choosing the ideal type of investment
Answer:
The two factors that impact the choice of an ideal investment are returns on investment and investment period.
Time makes the difference between a successful investment and a bad investment choice. It is the time duration of an investment that dictates the expected returns on the investment.
Explanation:
The return on investment (ROI) is linked to the risks and volatility of the investment type. The investment period or term also affects the returns, risks, and volatility. Short-term investments are known for reduced returns, risks, and volatility. Other factors that impact the investment type that a decision-maker chooses, apart from these factors linked to risks and volatility, are liquidity, inflation, and tax implications.
List two types of cash flows an investor can expect to receive from an investment in stock. Explain the volatility of each of these types of cash flows.
Answer:
Operating cash flows which are activities that include a company’s day-to-day activities, for example, purchasing raw material or making sales. Investing cash flows are activities that include purchases and sales of long term assets and other investments.
Plethora Farms purchased a greenhouse for $52,700. Delivery costs totaled $1,825 and handling costs were $3,000. The useful life is 10 years and the salvage value is $14,050. Using the straight-line depreciation method, calculate the book value at the end of year 4. Group of answer choices $31,256 $58,000 $22,000 $40,135
Answer:
$40,135
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of the asset =purchase cost + delivery cost + handling cost
$52,700 + $1,825 + $3,000 = $57,525
depreciation expense = ($57,525 - $14,050) / 10 = $4,347.50
book value at the end of year 4 = cost of the asset - accumulated depreciation
Accumulated depreciation = $4,347.50 x 4 = $17,390
Book value = $57,525 - $17,390 = $40,135
Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for $949 and matures in 25 years. The par value is $1,000 and the company's tax rate is 39 percent. What is the company's aftertax cost of debt
Answer:
The right response is "4.102%".
Explanation:
Given:
Number of half years,
n = [tex]25\times 2[/tex]
= [tex]50[/tex]
Coupon per half years,
c = [tex]1000\times \frac{6.3 \ percent}{2}[/tex]
= [tex]31.5[/tex]
Price,
pv = 949
Par value,
= 1000
Now,
The YTM will be:
= [tex]rate(n,c,-pv,fv)\times 2[/tex]
= [tex]rate(50,31.5,-949,1000)\times 2[/tex]
= [tex]6.724[/tex] (%)
hence,
After tax cost of debt will be:
= [tex]YTM\times (1-tax \ rate)[/tex]
= [tex]6.724\times (1-39)[/tex]
= [tex]4.102[/tex] (%)
Your design team wants some help with the design of a locally responsive product intended for the host. They wish to own all of the intellectual property rights, and minimize costs. You should:___________a) Greenfield - Open a design studio in the host location.b) Acquire a local design firm in the host.c) Merge with a design firm in the host.d) Enter into a JV with a firm in the host.e) Enter into a sponsored development agreement with an alliance partner in the host.f) None of the choices listed here.g) All of the Greenfield, Acquire, Merge, and JV choices will work fine.
Answer:
b) Acquire a local design firm in the host.
Explanation:
The limitations with related to the greenfield, sponsored, mergers and JVs is that they dont give any assurance of 100% control and the ownership should be considered for the intellectual property
Now if one could select for the acquistion purpose that means they have the overall control and the ownership
So the above should be the answer
1. How much is currently owed on this credit card?
a. $200
b. $245
c. $1,000
Answer:
What is the word problem??? (B)
Is it:
How much is currently owed on this credit card?
$200
$245
$1,000
Look at the Transactions section. Why is the refund marked with a positive sign?
You owe that amount on your credit card statement
You are receiving that money back onto your credit card statement
You paid that amount off last month
Before sending in your payment to the credit card company, you go to a bicycle store. How much can you spend before going over the credit limit on your card?
$0, you are already over your credit limit
$245
$755
Which of the following statements is FALSE?
If you pay the MINIMUM PAYMENT of $40.00, the bank will waive the interest charged on the balance you still owe.
If you are late in making your credit card payment, you may have to pay a $35 fee.
If you want to avoid any interest or fees, you should pay off your full statement balance by the due date.
Explanation:
The following information is available for Baker Industries: Cost of goods manufactured $ 320,000 Beginning finished goods inventory 45,000 Ending finished goods inventory 35,000 Compute the cost of goods sold.
Answer:
Baker Industries
The Cost of goods sold for the period is:
= $330,000
Explanation:
a) Data and Calculations:
Cost of goods manufactured $ 320,000
Beginning finished goods inventory 45,000
Ending finished goods inventory 35,000
Cost of goods sold:
Beginning finished goods inventory $45,000
Cost of goods manufactured 320,000
Ending finished goods inventory (35,000)
Cost of goods sold = $330,000
Mark, a college sophomore, is unsure of his career choice. He was majoring in technology, but he had an internship in computer programming last year and was bored to tears. He felt the internship was a failure. If he came to you, a human resource professional, for advice, which would you tell him
Answer and Explanation:
Since in the given situation it is mentioned that Mark felt that internship was a failure so he wants to considered an internship in the different area of the filed in order to get more ideas. Also, he should think for skills testing and interest on the O ×NET website where he get to know what is the interest of his work or the work he wants to try
So the same is relevant
draw five sector of macroeconomic model
Answer:
Here's my Macroeconomic model.
Explanation:
Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and (5) the financial sector. The financial sector includes banks and non-bank intermediaries that engage in borrowing (savings from households) and lending (investments in firms).
The measurement of the Aggregate Supply
Curve takes into account all goods and
services and their corresponding average price
level. What is the label for the Y-Axis?
A. average income
B. maximum price level
C. average price level
Answer:
C; Average Price Level
Explanation:
Here, we want to get what is on the label of the y-axis
The aggregate supply curve is simply a plot of the average price level against the real GDP( gross domestic product)
From this definition, we can see that we have the average price level on the y-axis and we have the real GDP on the x-axis
four years ago, a person borrowed $10,000 at an intereate rate of 8% compounded annually and agreed to pay it back in equal payments over a ten-year period. This same person now wants to pay off the reaminaing amount of the loan. How much should this person pay
Answer:
$5,063.95
Explanation:
Missing word "Assume he has just made the fourth payment."
Borrowed Amount = $10,000
Interest rate (Compounded annually) = 8%
Number of Payments = 10
Calculating Monthly Payment using the MS-Excel PMT Function
Annual Payment = PMT(Rate, Nper, -PV)
Annual Payment = PMT(8%, 10, 10000)
Annual Payment = $1,490.30
Calculating Present Value of 4 payments using the MS-Excel PV Function
Present Value = PV(Rate, Nper, -PMT)
Present Value = PV(8%, 10, -1,490.30)
Present Value = $4,936.05
So, the remaining balance of borrowed amount he should pay is $5,063.95 ($10,000 - $4,936.05).
For tax reasons, your client wishes to purchase an annuity that pays $80,000 each year for 6 years, with the first payment in one year. At an interest rate of 8% and focusing on time value of money without consideration of any fees, how much would the client need to invest now
Answer:
$369,830.37
Explanation:
Present value can be calculated using a financial calculator
Cash flow from year 1 to 6 = 80,000
i = 8%
pv = $369,830.37
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
Gander, Inc. is considering two projects with the following cash flows: Year Project X Project Y 0 ($100,000) ($100,000) 1 40,000 50,000 2 40,000 0 3 40,000 0 4 40,000 0 5 40,000 250,000 Gander uses the payback period method of capital budgeting and accepts only projects with payback periods of 3 years or less. a. If the projects are presented as stand-alone opportunities, which one(s) would Gander accept
Answer: Project X
Explanation:
Project X payback period:
Payback period if the inflow is constant = Investment amount / Annual inflow
= 100,000 / 40,000
= 2.5 years
Project Y payback period:
= Year before payback + Amount remaining / Cash inflow in year of payback
Project Y makes no inflows from year 2 to 4 and brings in a substantial amount in year 5. Year before payback must be 4 years therefore.
Amount remaining = 100,000 - 50,000 in first year
= $50,000
= 4 + 50,000 / 250,000
= 4.2 years
Project X will be chosen as its payback period is less than 3 years.
The market for corn in Mexico has a large number of sellers and buyers, and there is no difference in the products sold by each seller. As a result, prices are determined by the Multiple Choice consumers that buy the corn. businesses that sell the corn. forces of supply and demand. agricultural industry.
Answer:
In this market, prices are determined by the
forces of supply and demand.
Explanation:
This Mexican corn market situation describes a perfectly competitive market structure. In a perfectly competitive market, firms face the following conditions: (1) there are many suppliers and many consumers; (2) with identical products; (3) all have relevant decision-making information; and (4) there are free entry and exit of firms. This makes it impossible for one seller or consumer to set prices of the corn.
Describe the key stages in integrating total quality management into the strategy of an international petrochemical company
Answer:
Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.Explanation:
If my answer is incorrect, pls correct me!
If you like my answer and explanation, mark me as brainliest!
Olinick Corporation is considering a project that would require an investment of $343,000 and would last for 8 years. The incremental cash inflows of the project per year at $107,000. The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:___.a) 2.8 years.
b) 4.6 years.
c) 3.5 years.
d) 2.7 years.
Answer:
the payback period of the project is 3.20 years
Explanation:
The computation of the payback period of the project is shown below:
= Investment ÷ incremental cash inflows
= $343,000 ÷ $107,000
= 3.20 years
hence, the payback period of the project is 3.20 years
This is the answer but the same is not provided in the given options
Hence, the same should be considered
Common stock with a total par value of $50,000 (par value of $0.50 per share) have been issued, and 5,000 shares of treasury stock with a total cost of $25,000 have been repurchased. How many total shares are outstanding
Answer: 95000 shares
Explanation:
The total shares that are outstanding will be calculated as the difference between the total shares issued and the treasury Share purchased.
The number of shares issued will be calculated as:
= 50000/0.50
= 100000 Shares
Therefore, the total shares that are outstanding will be:
= 100000 shares - 5000 shares
= 95000 shares