Answer:
$474,819
Explanation:
The computation of the amount of Data Processing costs is allocated to A is shown below:
Personal Cost
= 300,000 ÷ (12+20) × 12
= $112,500
And, the Data Processing Cost is
= 1000,000 ÷ (125,000 + 220,000) × 125,000
= 362,319
So, the Total cost is $474,819
Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $110 per unit. Variable expenses are $77 per stove, and fixed expenses associated with the stove total $161,700 per month. Required: 1. What is the break-even point in unit sales and in dollar sales? 2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.) 3. At present, the company is selling 15,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes. 4. Refer to the data in Required 3. How many stoves would have to be sold at the new selling price to attain a target profit of $77,000 per month?
Use the following information for Shafer Company to compute inventory turnover for year 2.
Year 2 Year 1
Net sales $657,500 $584,900
Cost of goods sold 390,500 361,040
Ending inventory 79,700 81,380
Answer:
4.85 times
Explanation:
The computation of the inventory turnover for the year 2 is shown below:
we know that
Inventory turnover = Cost of goods sold ÷ Average inventory
Here,
Average inventory is
= ($79,700 + $81,380 ÷ 2)
= $80,540
So,
The Inventory turnover is
= $390,500 ÷ $80,540
= 4.85 times
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 3,380 devices and took 34 workers two weeks (40 hours per week) to complete. The army contract was for 7,480 devices that were produced by 44 workers in three weeks (40 hours per week). a. Calculate the productivity for navy and army contracts in units produced per labor hour.b. On which contract were the workers more productive?
Answer: See explanation
Explanation:
a. Calculate the productivity for navy and army contracts in units produced per labor hour.
Based on the information given, for the navy contract, the total man hours to make 3380 devices will be:
= 34 × 40 × 2
= 2720 hours
Therefore, the devices per man hour will be:
= 3380/2720
= 1.24 devices per labor hour.
For the army contract, the total man hours to make 7480 devices will be:
= 44 × 40 × 2
= 3520 hours
Therefore, the devices per labor hour will be:
= 7480/3520
= 2.125 devices per labor hour
b. On which contract were the workers more productive?
The workers were more productive on the Army contract as they produced more devices per labor hour.
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Section One: The Business Executive Summary
1. My company name will be:
2. My business purpose is:
3. I have been in business since or plan on starting on:
4. Manager(s) for the company will be:
5. My experience as an owner is:
Answer:
5
Explanation:
because business is start for profit and our experience helps to better our business
The more ______ country economies are, the greater the benefits of international diversification and the more these benefits are exploited by MNCs the more _____ country economies become. Group of answer choices Independent, egalitarian Correlated, interdependent. Developing, advanced Segmented, integrated.
Answer: Segmented, integrated.
Explanation:
International diversification refers to the process by which a company invest in other countries or regions apart from its home country. One main reason for this is for risk management.
The more (segmented) country economies are, the greater the benefits of international diversification and the more these benefits are exploited by MNCs the more (integrated) country economies become.
Lizzie Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 280 $ 980 5/5 Purchase 380 $ 1,080 8/10 Purchase 480 $ 1,180 10/15 Purchase 290 $ 1,230 During the year, Lizzie sold 1,200 laptop computers. What was ending inventory using the FIFO cost flow assumption
Answer:
the ending inventory using the FIFO cost flow assumption is $282,900
Explanation:
The computation of the ending inventory using the FIFO cost flow assumption is shown below;
But before that first we have to determine the ending inventory units i.e.
= 280 + 380 + 480 + 290 - 1,200
= 230 units
So, the ending inventory is
= 230 units × $1,230
= $282,900
Hence, the ending inventory using the FIFO cost flow assumption is $282,900
Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2022 and reports a balance sheet at December 31, 2021 as follows:
Required:
1. Calculate the following budgeted figures for 2022:
a. The total fixed cost.
b. The variable cost per unit sold.
c. The contribution margin per unit sold.
d. The break-even point in unit sales and dollar sales.
e. The margin of safety.
f. The degree of operating leverage
2. Prepare a budgeted variable costing income statement for 2022. Stop your computations at net operating income.
Answer:
1. a. Total Fixed Cost $468,000
b. Variable cost per unit sold $1.25
c. Contribution margin per unit $10.5
d. Break even point in unit sales 44,571 units
e. Margin of Safety 10.8%
f. Degree of operating Leverage 2.3%
Explanation:
Margin of Safety : Current sales in units - Break even Sales in units
Break even Point in unit sales = Fixed cost / contribution margin
Degree of operating leverage = % change in operating leverage / % change in sales
{[667088 - 525218 ] / 667,088]} / {[55,000 - 50,000] / 55,000}
21 / 9.09 = 2.3%
Contribution Margin : Selling price per unit - Variable cost per unit
$32 - $21.5
2. Income Statement 2022
Sales 2,848,000
Cost of goods sold 1,998,732
Gross Margin 849,268
Selling and administrative cost 579,250
Operating profit 270,018
Interest Expense 9,642
Net profit 260,376
has the following production data: beginning work in process 25200 units (70% complete), started into production 474000 units, completed and transferred out 449700 units, and ending work in process 49500 units (30% complete). Assuming all materials are entered at the beginning of the process, equivalent units of production for materials are:
Answer:
Equivalent units of production= 474,000
Explanation:
To calculate the equivalent units of production, we need to use the following formula:
Units started and completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 424,500 + (49,500*1)
Equivalent units of production= 474,000
As direct material is incorporated at the beginning of the period, its completion is 100%.
McCarthy Industries has two sales territories-East and West. Financial information for the two territories is presented below: East West Sales $980,000 $750,000 Direct costs: Variable (343,000) (225,000) Fixed (450,000) (325,000) Allocated common costs (275,000) (175,000) Net income (loss) $(88,000) $25,000 Because the company is in a start-up stage, corporate management feels that the East sales territory is creating too much of a cash drain on the company and it should be eliminated. If the East territory is discontinued, one sales manager (whose salary is $40,000 per year) will be relocated to the West territory. By how much would McCarthy's income change if the East territory is eliminated
Answer:
Decrease in income by $227,000
Explanation:
The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;
= -Sales + Direct cost + fixed cost - salary per year
= -$980,000 + $343,000 + ($450,000 - $40,000)
= -$980,000 + $343,000 + $410,000
= -$227,000
Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000
Decrease in income by $227,000
ranson Inc. has sold product to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has agreed to take a note due in two years for half of the amount due. a. What is the effective price of the transaction to Branson if the interest rate is. (1) 6%, (2) 8%, (3) 10%, or (4) 12%
Answer: See explanation
Explanation:
The effective price of the transaction to Branson based on the interest rate given will be:
1. PV = FV [PVF6,2] = $10,000(0.89) = $8,900
Therefore, $8,900 + $10,000 = $18,900
Effective Discount will be:
= (20000 - 18900) / 20000 × 100
= 1100/20000 × 100
= 0.055
= 5.5%
2) PV = FV [PVF8,2] = $10,000(0.8573) = $8,573
Therefore, $8,573 + $10,000 = $18,573
Effective Discount will be:
= (20000 - 18573)/20000 × 100
= 1427/20000 × 100
= 0.07135
= 7.135%
3) PV = FV [PVF10,2] = $10,000(0.8264) = $8,264
Therefore, $8,264 + $10,000 = $18,264
Effective Discount will be:
= (20000 - 18264)/20000 × 100
= 1736/20000 × 100
= 0.0868 × 100
= 8.68%
4) PV = FV [PVF12,2] = $10,000(0.7972) = $7,972
Therefore, $7,972 + $10,000 = $17,972
Effective Discount will be:
= (20000 - 17972)/20000 × 100
= 2028/20000 × 100
= 0.1014 × 100
= 10.14%
Your manager recently gave you the responsibility of selecting the next project, which you will manage as the project manager. There are currently 3 projects on hold to choose from. Using the weighted scoring models method, you determine that Project A has a weighted score of 16, Project B has a weighted score of 14, and Project C has a weighted score of 17. Which project do you choose and why?
Answer: Project C will be chosen.
Explanation:
The weighted scoring model refers to the project management technique that is used for weighing decisions, like prioritizing project actions, purchasing new software etc.
From the weighted score of the three projects that were given, project C has the highest score of 17, therefore it should be selected.
The factors that are vital to an organization are given importance to using this method which will help the organisation achieve their aims and make decisions. Since project C has the highest weighted score, it should be chosen.
The project that should be selected is Project C.
The followings things should be considered:
If we can the weighted score so the Project C contains the maximum i.e. 17.Also, the weighted scoring method provides significant with respect to the factors that depend upon the revenue, urgency, timing, security, etc.So, if we select the project with having high weighted score so it helps the company for realizing more value comes from the project.Therefore we can conclude that the project that should be selected is Project C.
Learn more about the score here: brainly.com/question/15368298
In the absence of international trade in MP3 players, what will be the price of MP3 players in the United States
Answer:
$60
Explanation:
here is the complete question
Suppose the domestic supply(Qs) and demand(Qd) for MP3 players in the UNited States are given by the following set of equations.
Qs= -25 + 10p
Qd= 875 -5p
In the absence of international trade in MP3 players, what will be the price of MP3 players in the United States
In the absence of international trade, it is assumed that quantity demanded equals quantity supplied
Qs = Qd
-25 + 10p = 875 - 5p
combine like terms
+10p + 5p = 875 + 25
15p = 900
p = 900 / 15
p = $60
Interest rates and the price of old or existing bonds are Group of answer choices There is not enough information to answer the question. sometimes directly related and sometimes inversely related. independent of each other. inversely related. directly related.
Answer:
inversely related.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount of money borrowed or securities purchased from an individual or a financial institution.
Generally, there exist an inverse relationship between bonds and interest rates.
Interest rates and the price of old or existing bonds are inversely related. Thus, an increase in the interest rate (cost of borrowing an amount of money rises) causes a fall or decrease in the price of bonds.
XYZ Ltd produces a product for which the annual demand is 10,000 units. Production averages 100 units per day, while demand is 40 units per day. Holding costs are $2.00 per unit per year, and setup cost is $200.00. If the firm wishes to produce this product in economic batches, what size batch should be used?
Answer: Batch size to be used =Economic batch size of 2,236 units
Explanation:
From the question, we have that
Annual demand (D) = 10,000 units
Setup cost (S) = $200
Holding cost (H) = $2 per unit per year
Daily production (p) = 100 units per day
Daily Demand (d) = 40 units per day
Therefore Economic batch size, Q will be calculated as
Q =[tex]\sqrt{2 x D x S / H x ( 1-d/p }[/tex]
Q= [tex]\sqrt{2 x 10,000 x 200 / 2 x ( 40/100)}[/tex]
Q=[tex]\sqrt{4,000,000/0.8 }[/tex]
Q=[tex]\sqrt{5,000,000}[/tex]
Q=2,236.067 rounded up to 2,236
Economic batch size =2,236 units
Journalize the entries to correct the following errors: a. A purchase of supplies for $115 on account was recorded and posted as a debit to Supplies for $482 and as a credit to Accounts Receivable for $482. (Record the entry to reverse the error first.) If an amount box does not require an entry, leave it blank.
Answer:
Dr Account Receivable $482
Cr Supplies $482
Dr Supplies $115
Cr Account Receivable $155
Explanation:
Preparation of the journal entries to Record the entry to reverse the error first.
Dr Account Receivable $482
Cr Supplies $482
Dr Supplies $115
Cr Account Receivable $155
(To Record the entry to reverse the error first)
explain by means of a graph how Government can intervene in the market using subsidies as a means to increase output
Answer: See explanation
Explanation:
Subsidy refers to the amount of money which is given by the government to firms in order to increase production. Subsidy serves two main purpose which are to reduce price and to increase output.
Based on the diagram attached, the subsidy led to an increase in the supply of the good from S to S+ while the quantity of goods increased from Q to Q1.
is the South African post office a natural or artificial monopoly?motivate
Answer:
The public goods school in economics is getting disproved as we speak about natural monopolies.
Explanation:
You purchase a call option on Swiss Francs (SF) for a premium of $.02, with an exercise price of $1.0325. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.0072, your net profit/loss on one contract containing 10,000 SF units. will be: Group of answer choices $53 -$53 $200 -$200 $530
Answer:
$53
Explanation:
Payoff of the option = Strike price - Stock price at end
Payoff of the option = $1.0325 - $1.0072
Payoff of the option = $0.0253
Profit from the option = Payoff - Premium paid
Profit from the option = $0.0253 - $0.02
Profit from the option = $0.0053
Net profit/loss on one contract containing 10,000 SF units will be:
= 10,000 SF units * $0.0053
= $53 Profit
Tammy is going on a 2-week vacation overseas. She is planning on taking two credit cards, and has notified her credit card issuers that she will be traveling with those credit cards. What should she do with her other credit cards while she is gone
Answer: Keep them safe in a deposit box
Explanation:
Since Tammy is going on a 2-week vacation overseas and she is planning on taking two credit cards, the thing to do with the other credit cards while she is gone is to keep them safe in a deposit box.
There's no need for him to cancel the cards. Also, the cards are not stolen and should not be reported stolen and he shouldn't give them to someone else in order to prevent fraud. He should keep the cards safely till he comes back.
First National Bank charges 13.6 percent compounded monthly on its business loans. First United Bank charges 13.9 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) As a potential borrower, which bank would you go to for a new loan
Answer:
First National EAR 14.48%
First United EAR 14.38%
Explanation:
Calculation to determine Calculate the EAR for First National Bank and First United Bank.
Using this formula
EAR = [1 + (APR / m)]m − 1
Let plug in the formula
First National EAR = [1 + (.136 / 12)]12 − 1
First National EAR= .1448*100
First National EAR=14.48%
First United EAR = [1 + (.139 / 2)]2 − 1
First United EAR = .1438*100
First United EAR = 14.38%
Therefore the EAR for First National Bank and First United Bank will be :
First National EAR 14.48%
First United EAR 14.38%
Net sales $ 229,234 $ 215,639 Cost of sales 141,048 131,376 Research and development expenses 11,581 10,045 Selling, general, and administrative expenses 15,261 14,194 Operating income ? ? Other income, net ? 1,348 Provision for income taxes 15,738 ? Net income $ 48,351 $ 45,687
Answer:
Net sales $ 229,234 $ 215,639
Cost of sales 141,048 131,376
Research and development expenses 11,581 10,045
Selling, general, and administrative expenses 15,261 14,194
Operating income 61,344 60,024
Other income, net 2,745 1,348
Provision for income taxes 15,738 15,685
Net income $ 48,351 $ 45,687
Explanation:
a) Data and Calculations:
Net sales $ 229,234 $ 215,639
Cost of sales 141,048 131,376
Research and development expenses 11,581 10,045
Selling, general, and administrative expenses 15,261 14,194
Operating income ? ?
Other income, net ? 1,348
Provision for income taxes 15,738 ?
Net income $ 48,351 $ 45,687
Operating income = Net sales minus (Cost of sales + R&D expenses, + Selling, general, and administrative expenses)
Other income, net = Net income + Provision for income taxes - Operating income
Provision for income taxes = Operating income + Other income - Net income
Introduction to the future value of money Aa Aa Under the concepts of the time value of money, you can determine the future value of an amount invested today that will earn a given interest rate over a given amount of time. This technique can be used to calculate the future value of (1) a single receipt or payment made or (2) a series of receipts or payments Dakota and Gabriella are sitting together, with their notebooks and textbooks open, at a coffee shop. They've been reviewing the latest lecture from Dr. Phillips's financial management class by asking each other questions. Today's topic addressed the calculation of future values for both simple and compound interest-earning accounts. Complete the missing information in the conversation that follows. Round your final answer to all computations to two decimal places. However, if you compute any interest factors as an intermediate step in your calculations, round them to four decimal places Dakota So, why is it important to be able to calculate the future value of some amount invested? Gabriella First, remember that the amount invested is usually called and the amount earned during the investment period is called calculate a future value so that you can know in advance what a given amount of principal will be worth after earning a specified It is important to be able to for a known Dakota OK, I understand that, and I know the amount of principal invested today can be called the value of the investment, whereas the amount realized after the passage of t period of value. But what causes the present and future values to be different time is called its values? Gabriella Two things cause the present and future values to be different amounts. First, the earned during the investment period causes the future value to be greater than, equal to, or less than the present value. Second, the method used to calculate the interest earned-that is, whether the account pays amount by which the future value differs from the present value interest-determines the
Ethelbert is a young software company owned by two entrepreneurs. It currently needs to raise $1,254,400 to support its expansion plans. A venture capitalist is prepared to provide the cash in return for a 40% holding in the company. Under the plans for the investment, the VC will hold 19,600 shares in the company and the two entrepreneurs will have combined holdings of 29,400 shares.
a. What is the total after-the-money valuation of the firm?
b. What value is the venture capitalist placing on each share?
Answer:
a. $3,136,000
b. $64 per share
Explanation:
The computation is shown below
a. The total after the money valuation is
= $1,254,400 ÷ 40%
= $3,136,000
b. The value that venture capitalist place on each share is
= $3,136,000 ÷ (19,600 ÷ 40%)
= $3,136,000 ÷ 49,000 shares
= $64 per share
Hence, the same should be considered
When workers present their grievancies
and
suggestions to management it is an example of
A Horizontal communication
B Diagonal communication
€ Upward communication
D Downward communication
Answer:
Upward communication
Explanation:
When workers present their grievances and suggestions to management it is an example of "Upward communication."
The above statement is true because Upward Communication is a form. of communication involving information process being passed from the lesser rank or classes of a structure to the higher ranks or classes of the same structure.
In management, it usually involves the passing of information from workers to supervisors, or supervisor to production manager, etc.
Deposits other than customer payments are entered using: Multiple Choice Receive Payments Pay Bills Bank Deposit All of these choices are correct.
Answer: Bank Deposit
Explanation:
This relates to QuickBooks Online which is an accounting service that is provided to many small and medium size enterprises to help them with their accounts. It is very effective and easy to use.
When it comes to deposits other than customer payments, the relevant feature to use is the Bank deposit feature which can be found in the banking tab. You bank account can be linked to QuickBooks which would then update the your account when a bank deposit has been made.
120. Assume that the bid rate for Australian dollar $.60 [.9650] while the ask rate is $.61 [.9811] at Bank A. Also assume that the bid rate for the Australian dollar is $.62 [.9972] while the ask rate is $.625 [1.0052] at Bank B. What would be your profit if you have $100,000 and you execute locational arbitrage
Answer:
$1,639.3
Explanation:
Calculation to determine What would be your profit if you have $100,000 and you execute locational arbitrage
Profit=$100,000-($100,000/$.61)*$.62
Profit = $100,000-(A$163,934.4*$.62)
Profit = $100,000-$101,639,3.
Profit =$1,639.3
Therefore What would be your profit if you have $100,000 and you execute locational arbitrage will be $1,639.3
Asteroid Industries accumulated the following cost information for the year: Direct materials $ 15,100 Indirect materials 3,100 Indirect labor 7,600 Factory depreciation 11,900 Direct labor 36,100 Using the above information, total factory overhead costs equal:
Answer:
the total factory overhead cost is $22,600
Explanation:
The computation of the total factory overhead is shown below:
Factory overhead is
= Indirect material + Indirect labour + Factory depreciation
= $3,100 + $7,600 + $11,900
= $22,600
basically we added the above three items so that the total factory overhead cost could come
hence, the total factory overhead cost is $22,600
A patent gives the inventor Multiple Choice property rights for 10 years. the right to keep the patented process but not the product for five years. the right to use the invention until development costs are recouped. exclusive right to manufacture, exploit, use, and sell the invention for a given time period.
Answer:
Explanation:
famoys
The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the dividend by 4.5 percent annually. What is the expected value of this stock six years from now if the discount rate is 12 percent
Answer:
$26.05
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid = d0 x (1 + growth rate)
d0 = dividend that was just paid
r = cost of equity
g = growth rate
1.5 x (1.045^6) / 12 - 4.5 = $26.05