Answer:
a.
Palmetto Statement of Cashflows
For the Year Ended December 31, 2013
Cashflow from Operating Activities
Net Cashflow from Operaing Activities $15,600
Cashflow from Investing Activities
Net Cashflow from Investing Activities ($23,000)
Cashflow from Financing Activities
Net Cashflow from Financing Activities ($4,500)
Net Increase (Decrease) ($11,900)
Add: Beginning of Period Cash balance $32,000
Ending Cash Balance $20,100
b. Operating Cash flow relates to the normal business operations of the business. A Net Cash Inflow from this therefore means that the business made a profit from its normal operations of selling fast food during 2013.
c. Investing Activities relate to transaction involving Fixed Assets as well as the stocks and bonds of other companies. The Net Cash flow was probably caused by Palmetto buying more Fixed Assets than they disposed of in the year 2013.
d. Financing activities relate to how the business is financed in terms of Equity and debt. The payments of Dividends therefore fall under here as they relate to Equity. A net cash outflow here therefore probably means that Palmetto paid out dividends to shareholders. They might have also repaid some loans but judging by how small the outflow is, the loans were either small or it was only dividends that were paid out.
Imagine that you are a senior executive of a large organization such as Starbucks that has geographically scattered operating units. What would NOT be on your agenda?
Answer:
Orchestrate the action steps and the implementation sequence for each operational unit.
Explanation:
A senior executive at a large organization like Starbucks has great responsibilities for managing a company correctly, such as making important decisions, allocating resources to the right places, and directing other people's activities to achieve goals.
Therefore, among its functions are, to establish a clear and effective communication about important organizational changes and behaviors, to establish deadlines and measures to reach objectives and to build consensus on certain procedures.
However, each operating unit of the company contains a specific management responsible for orchestrating the implementation and the actions necessary for the success of the unit, so this is not the function of a senior executive.
Aloha Inc. has 8 percent coupon bonds on the market that have 11 years left to maturity. If the YTM on these bonds is 10.22 percent, what is the current bond price
Answer:
The answer is $85.73
Explanation:
N(Number of periods) = 11years
I/Y(Yield to maturity) = 10.22 percent
PV(present value or market price) = ?
PMT( coupon payment) = $8
FV( Future value or par value) = $10
We are using a Financial calculator for this.
N= 11; I/Y = 10.22 ; PMT = 8; FV= $100; CPT PV= -85.73
Therefore, the market price of the bond is $85.73
How does the format of the income statement for Organic Bones differ from the income statement of a merchandiser?
Answer: Cost of Goods Sold for Manufacturer is different from that of a Merchandiser
Explanation:
Organic Bones as a manufacturer will have a different cost of goods sold to a Merchandiser because it will have to include the cost of manufacturing in the Cost of Goods sold. In the Income statement of Organic Bones, the relevant Cost of Goods will be entered as Finished Goods which would be derived from the Cost of Goods Manufactured schedule.
Merchandisers on the other hand, buy the goods that they sell. They will have no need for a Schedule of Costs of Goods manufactured and so will have no Finished Goods as their Inventory. Their relevant cost of goods sold will be Purchases which they bought from suppliers.
Noma plans to save $4,800 per year for the next 40 years. If she can earn an annual interest rate of 10.6 percent, how much will she have in 40 years
Answer:
Total amount after 40 years = $2502371.012
Explanation:
Annual saving by Noma = $4800 per year
Total time period for saving = 40 years
Interest rate on savings = 10.6 percent
Now we have to find the amount that will be after 40 years if the annual saving is 4800 dollars that earns 10.6 percent interest rate.
[tex]\text{Total amount after 40 years} =Annuity [ \frac{(1+r)^{n} - 1}{r}] \\= 4800[ \frac{(1+ 0.106)^{40} - 1}{0.106}] \\= 2502371.012 \ dollars[/tex]
Total amount after 40 years = $2502371.021
Annual charge per unitWhen the Annual saving by Noma = $4800 annually
Then the Total period for saving is = 40 years
After that charge per unit on savings = 10.6 percent
Now we've to seek out the quantity that may plan40 years if the annual saving is "4800 dollars, 10.64, annuity that earns 10.6 percent charge per unit.
Then the Total amount after 40 year=
Annuity [tex](1+r)n-1/r =4800 (1+0.106)40-1/0.106=250237[/tex]
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A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided to provide $250,000 at the end of each year forever to cover operating expenses. The first operating expense is in July 2015, and the first replacement expense in July 2014. If all money earns interest at 5% after the time of endowment, what amount would be available for the capital replacements at the end of every fifth year forever
Answer:
$2,274,639.75
Explanation:
Endowment on July 2010 = $15,000,000
Endowment amount on July 2014 = $15,000,000 (1+0.05)^4 - Expenditure on facilities
= $15,000,000 (1.2155) - $5,000,000
= $18,232,500 - $5,000,000
= $13,232,500
Amount to be set aside for operation expenses = $250,000/0.05 = $5,000,000
Amount available for capital replacement = $13,232,500 - $5,000,000 = $8,232,500
5-years effective interest rate = (1+0.05)^5 - 1 = 0.2763
Annual available for capital replacements every fifth year forever = $8,232,500 (0.2763) = $2,274,639.75
The amount that would be available for the capital replacements at the end of every fifth year forever is $2,274,513.93.
Endowment amount:
Endowment amount=[$15,000,000 (1+0.05)^4]- $5,000,000
Endowment amount=[$15,000,000 (1.21550625)] - $5,000,000
Endowment amount= $18,232,594- $5,000,000
Endowment amount= $13,232,594
Capital replacement:
Capital replacement = $13,232,594- ($250,000/0.05)
Capital replacement = $13,232,594 - $5,000,000
Capital replacement = $8,232,594
Effective interest rate :
Effective interest rate = (1+0.05)^5 - 1
Effective interest rate = (1.05)^5 - 1
Effective interest rate = 0.2762815625
Every Fifth year Capital replacements:
Every Fifth year Capital replacements= $8,232,594 ( 0.2762815625)
Every Fifth year Capital replacements=$2,274,513.93
Inconclusion the amount that would be available for the capital replacements at the end of every fifth year forever is $2,274,513.93.
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An entrepreneur is looking to open a restaurant in a town with only one other restaurant. The incumbent restaurant is very successful with high profits. Which of the following business strategies are most likely to allow the entrepreneur to start a profitable restaurant? Select all that apply. Offer the most popular dish served by the incumbent restaurant. Open the restaurant location near the incumbent restaurant. Use new technology and business practices to cut variable costs lower than the incumbent restaurant. Specialize in a type of cuisine not served by other restaurants in the region.
Answer:
Options C and D would be the correct options.
Explanation:
The technological innovation will decrease costs and raise income, even though the other establishment launches a trade dispute, it seems to be profitable. Specializing in some other quality of diet creates significant consumers and that could stick to something like a restaurant that will boost the product revenue and profit.Fining the least expensive could begin price competition and that it's necessary to play on quality to make costing fewer costly. The upscale steakhouse may have cheaper price capacities than that of the new ones. Specializing in almost the same product will boost rivalry, although with the old store, that the very first leading benefit is.Many alternatives have no relation to the given instance. Therefore the answer to the above seems to be the right one.
At the organizational level, the Team Leadership Model (TLM) suggests that leaders examine the ________ that may be impacting their team.
Answer:
Reward systems
Explanation:
The Team Leadership is a model that provides a Working environment where members are accountable to the coach and also to the team as a whole.
Team-based reward systems can help increase motivation and collaboration among members of a team, this would help the team goals to be better integrated with better objectives and also serve as a way of getting the whole team to improve
Mary Beth Marrs, the manager of an apartment complex, feels overwhelmed by the number of complaints she is receiving. Below is the check sheet she has kept for the past 12 weeks. Develop a Pareto chart using this information. What recommendations would you make?
The correct answer to this open question is the following.
Unfortunately, the question does not attach the check sheet with the needed information.
However, we can say that the Pareto chart helps us understand where the priority is to focus on it. The Pareto chart is based on the 80%-20% rule. The Pareto chart says that 20% of the solutions help resolve 80% of the issues.
So Mary Beth Marrs, the manager of the apartment complex must focus on issues such as the parking lot, the ground, and the pool, to appease most of the people and diminish the complaints.
To Develop a Pareto chart using this information the recommendations would you make:
The Pareto chart makes a difference in us getting it where the need is to center on it. The Pareto chart is based on the 80%-20% run of the show. The Pareto chart says that 20% of the arrangements offer assistance to resolve 80% of the issues. So Mary Beth Marrs, the chief of the flat complex must center on issues such as the stopping part, the ground, and the pool, to conciliate most of the individuals and reduce the complaints.Know more :
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ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has 40,000,000 shares outstanding, how many shares will be outstanding after the stock split?
Answer:
$4,000,000 Shares
Explanation:
Calculation for how many shares will be outstanding after the stock split
Using this formula
Outstanding Shares after stock split =Shares outstanding ÷Reverse stock split
Let plug in the formula
Outstanding Shares after stock split =$40,000,000÷10
Outstanding Shares after stock split =$4,000,000 Shares
Therefore the amount of shares that will be outstanding after the stock split will be $4,000,000
Transactions for Jayne Company for the month of June are presented below.
June
1 Issues common stock to investors in exchange for $5,000 cash.
2 Buys equipment on account for $1,100.
3 Pays $740 to landlord for June rent.
12 Sends Wil Wheaton a bill for $700 after completing welding work.
Identify the accounts to be debited and credited for each transaction.
Account Debited Account Credited
june 1
june 2
june 3
june 12
Answer:
June 1 , common stocks are issued
Dr Cash 5,000
Cr Common stock 5,000
June 2 , equipment purchased on account
Dr Equipment 1,100
Cr Accounts payable 1,100
June 3 , monthly rent paid
Dr Rent expense 740
Cr Cash 740
June 12, service revenue
Dr Accounts receivable 700
Cr Service revenue 700
1. Which of the following measures is an evaluation of a firm's ability to pay current liabilities?
A. Acid-test ratio.
C. Both (a) and (b).
B. Current ratio.
D. None of the above
Answer:
B. Current ratio
Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.
Current ratio is an evaluation of a firm's ability to pay current liabilities. Thus, the correct answer is option B.
What is an current ratio?The current ratio is a liquidity ratio that measures a company's ability to pay short-term or one-year obligations. It explains to investors and analysts how a company can maximise its current assets on its balance sheet in order to pay off its current debt and other payables.
A current ratio that is comparable to or slightly higher than the industry average is generally regarded as acceptable. A lower current ratio than the industry average may indicate a greater risk of distress or default. Similarly, if a company's current ratio is very high in comparison to its peer group, it indicates that management may not be utilising its assets efficiently.
Therefore, current ratio is the correct answer.
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Argentina can produce either 20 units of cloth or 2 units of wine, while Chile can produce either 24 units of cloth or 12 units of wine. If each country specializes in the good for which it has comparative advantage, the total output by the two countries will be:
Answer:
Their combined production should be 20 clothes and 12 wines.
Explanation:
Argentina's opportunity cost to produce 1 unit of cloth = 0.1 wine
Argentina's opportunity cost to produce 1 unit of wine = 10 clothes
Chile's opportunity cost to produce 1 unit of cloth = 0.5 wine
Chile's opportunity cost to produce 1 unit of wine = 2 clothes
Since Argentina' opportunity cost to produce clothes is lower, then it should specialize int he production of clothes. While Chile should specialize in the production of wine. Their combined production should be 20 clothes and 12 wines.
The company in the video relies on a contingent workforce. Why are faculty members at the Maine Media Workshop considered to be contingent workers
Answer:
a. They are temporary employees.
d. They are part-time employees.
Explanation:
Contingent Employees are employees that are hired by a company on a temporary basis. They are usually hired to perform a job at a time and hence do not cost as much as permanent staff.
The text from the video shows that Maine Media Workshops hires professionals in fields related to film-making to come and instruct at various workshops on a temporary basis which is inferebly a week or less. The temporary basis of this employment means that they are Contingent Employees who work part time.
What is the current price for a bond worth $4,000 that has a price quote of 50?
Answer:
$ 2,500 as far as i know.
Explanation:
Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly outside group acquired 20 percent of the shares, existing stockholders will be able to buy new shares at 25 percent below the currently existing stock price.A. How many shares must the unfriendly outside group acquire for the poison pill to go into effect?B. What will be the new purchase price for the existing stockholders?
Answer:
a. 2,800,000 shares
b. $49.50
Explanation:
a. Poison is a tactic used by a company threatened with an unwelcome takeover bid to make itself unattractive to the bidder
Shares that the unfriendly outside group must acquire for the poison pill to go into effect is
= 20% of 14,000,000 shares.
= 14,000,000 × 20%
= 2,800,000 shares
b. The new purchase price for the existing stockholders will be
=$66 × (1 - 0.25)
= $49.50
Penny owned 2,000 shares of Dollar Inc. common stock that were purchased in Year 1 at $10.50 per share. Penny received a 5% non-taxable dividend of Dollar common stock in Year 2. In Year 5, the stock split 2 for 1. In the current year Penny sold 800 shares. What is Penny s basis in the 800 shares sold
Answer:
$4,000
Explanation:
Penny's originally purchased 2,000 stocks
she then received 5% stock dividends, which means that her total stocks were 2,100
then the stock split 2 for 1, so Penny had 4,200 stocks in total
stocks basis = $10.50 x 2,000 = $21,000
basis per stock = $21,000 / 4,200 stocks = $5 per stock
basis for 800 stocks sold = $5 x 800 = $4,000
Cash received from customers includes all $139,000 of the accounts receivable that were outstanding at November 30, 2017. Accounts receivable at December 31, 2017 totaled $141,000. Accounts payable (to suppliers of inventory) decreased by $19,000 from November 30, 2017 to December 31, 2017. The balance in the inventory account decreased by $39,000 over the same period. Required: What is gross profit for the month of December under accrual accounting
Answer:
Gross profit from the month of December is $238000
Explanation:
Question is incomplete but the missing part is:
Cash received from customer during december 2017 - 387,000
Cash paid to supplier for inventory during december 2017 - 131,000
Accrual basis revenues
Particulars Amount $
Cash received from customer 387000
during December 2017
Cash received in December for -139000
November accounts receivable
December sales made on account 141000
collected in January
Accrual basis revenues 389000
Accrual basis expenses
Particulars Amount $
Cash paid to suppliers for inventory 131000
during December 2017
Payments for inventory purchased -19000
and used in November
Inventory purchased in November 39000
but not used in December
Accrual basis expenses 151000
Gross profit from the month of December= Accrual basis revenues - Accrual basis expenses
Gross profit = 389000 - 151000
Gross profit = $238000
10) Financial intermediaries can substantially reduce transaction costs per dollar of transactions
because their large size allows them to take advantage of
Answer: D) economies of scale.
Explanation:
Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.
Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.
"The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor. Prepare the entry to record the factory labor costs for the month of January"
Answer and Explanation:
The Journal entry is shown below:-
Factory labor Dr, $480,000
To Factory wages payable $400,000
To Employee payroll taxes payable $80,000
(Being factory labor cost is recorded)
Here we debited the factory labor as it increased the expenses and we credited the factory wages payable and employee payroll taxes payable as it also increased the liabilities
Elevators, Inc. does considerable business overseas for high-rise luxury hotels. To speed up the building permit process, it authorized a project manager to pay a government official a "fee" in the amount of $500. It is common practice in the foreign country for government officials to accept a "fee" to expedite processes. In doing so, has Elevators, Inc. broken United States law? Select one
Answer:
No, Elevators, Inc. has not broken the law because payment was made in United States currency.
Explanation:
It operates a substantial business abroad for high-end luxury hotels. It authorized a project manager to "charge" a government official a charge of 500 for speeding up the building permit process. so
Under the law, it is illegal to bribe foreign officials to get business. But there is an exception to "facilitation payments", also known as grease payments made to speed up general government functions. Flexible payments can be used to persuade government officials to perform work that is already being done. Although many have argued that such payments are important for their operations in some areas, such as Asia and Africa, the difference between facility payment and bribery remains unclear.Yes, Elevators, Inc. has broken the law because it has paid a bribe to a foreign government official.
Here, to speed up the building permit process, Elevators, Inc .does authorized the project manager to pay the government official in charge of expediting processes a "fee" in the amount of $500
The $500 is this case is known as a bribe payment and it is illegal in United States.
Therefore, the answer is Yes, Elevators, Inc. has broken the law because it has paid a bribe to a foreign government official.
The missing options includes "Yes, Elevators, Inc. has broken the law because it has paid a bribe to a foreign government official. Yes, Elevators, Inc. has broken the law because the amount paid to the government official was $500. No, Elevators, Inc. has not broken the law because payment was made in United States currency. No, Elevators, Inc. has not broken the law because "grease" payments are permitted under United States law."
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The Acmeville Metropolitan Bus Service currently charges $0.77 for an all-day ticket, and has an average of 472 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 0.99 . The marketing department's studies indicate this price increase would reduce usage to 195 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.
Answer:
price elasticity of demand = -2.05, price elastic, or in absolute terms 2.05, price elastic
Explanation:
the formula to calculate price elasticity of demand is:
PED = % change in quantity / % change in price
% change in quantity = [(195 - 472) / 472] x 100 = -58.69%% change in price = [($0.99 - $0.77) / $0.77] x 100 = 28.57%PED = -58.69% / 28.57% = -2.05
Generally when we calculate PED we use absolute values, i.e. this PED = 2.05. When PED > 1, price elastic, which means that any change in price will result in a larger change in quantity demanded. When PED < 1, price inelastic, which means that any change in price will result in a smaller change in quantity demanded. When PED = 1, unit elastic, which means that any change in price will result in a proportional and inverse change in quantity demanded.
If a company presently has B+ credit rating, which one of the following will NOT contribute to achieving a higher credit rating?
A. A "low" default risk ratio
B. Larger retained earnings
C. A lower debt to assets ratio
D. A higher interest coverage ratio
E. A higher default risk ratio
Answer:
C
Explanation:
The option that would not contribute to achieving a higher credit rating for the company is a higher default risk ratio.
What do the financial ratios mean?
A low default risk ratio mean that the company has a low probability of defualting on its obligations. This would increases its rating.
A lower debt to assets ratio indicates lower financial risk and greater solvency. A higher interest coverage ratio indicates greater solvency.
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Which of the following would most directly affect the purchasing power of benefits paid on a fixed annuity?
A) Guaranteed minimum payout.
B) Economic inflation.
C) Interest rates
D) Company investment performance
The purchasing power of benefits on a fixed annuity is directly affected by economic inflation, which reduces the value of money over time. Therefore, option B is correct.
In the context of fixed annuities, inflation refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing power of money.
Inflation erodes the value of annuity payments, as the fixed benefit amount remains constant while the cost of living rises.
This means that over time, the annuity payments may not be sufficient to meet the same level of expenses. Managing inflation risk becomes crucial in maintaining the long-term purchasing power of annuity benefits, ensuring that they can adequately cover future expenses despite the impact of rising prices.
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Farrow Co. expects to sell 300,000 units of its product in the next period with the following results. Sales (300,000 units) $ 4,500,000 Costs and expenses D The company has an opportunity to sell 30,000 additional units at $13 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be the same for the additional units as they are for the regular units. However, the additional volume would create the following incremental costs: (1) total overhead would increase by 15% and (2) administrative expenses would increase by $129,000. Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $13 per unit. Should the company accept or reject the offer?irect materials 600,000 Direct labor 1,200,000 Overhead 300,000 Selling expenses 450,000 Administrative expenses 771,000 Total costs and expenses 3,321,000 Net income $ 1,179,000
Answer:
Explanation:
workings
Unit selling price = 4,500,000/300,000 = 15
Unit Direct material = 600,000/300,000 = 2
Direct labor rate = 1,200,000/300,000 = 4
selling expenses = 450,000/300,000 = 1.5
Normal Sales Extra Sales Total
Turnover 4,500,000 390,000 (30,000*13) 4,890,000
Direct material 600,000 60,000(30,000*2) 660,000
Direct labor 1,200,000 120,000(30,000*4) 1,320,000
Overhead 300,000 45,000 (300,000*15%) 345,000
Selling Expenses 450,000 45,000 (1.5*30000) 495,000
Admin Expenses 771,000 129,000 900,000
Total cost 3,321,000 399,000 3,720,000
Net income 1,179,000 (9000) 1,170,000
B) The offer for additional sales at a reduced price of $13 should be declined as it ends up in a loss of $9,000 due to the related increase in the operating costs
atzinger Company budgets sales of $1,270,000, fixed costs of $157,200, and variable costs of $698,500. What is the contribution margin ratio for Matzinger Company?
Answer:
contribution margin ratio= 0.45
Explanation:
Giving the following information:
Budgets sales of $1,270,000, and variable costs of $698,500.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= (sales - variable cost) / sales
contribution margin ratio= (1,270,000 - 698,500) / 1,270,000
contribution margin ratio= 0.45
On June 30, 2021, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. The note requires payment of $40,000 on March 31, 2022. The fair value of the merchandise exchanged is $37,600. Esquire views the financing component of this contract as significant. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any December 31, 2021 interest accrual, and the March 31, 2022 collection. 2. What is the effective interest rate on the note
Answer:
1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any December 31, 2021 interest accrual, and the March 31, 2022 collection.
June 30, 2021, merchandise sold in exchange for note receivable
Dr Notes receivable 40,000
Cr Sales revenue 37,600
Cr Unearned interest revenue 2,400
December 31, 2021, accrued interests (= $2,400 x 6/9)
Dr Unearned interest revenue 1,600
Cr Interest revenue 1,600
March 31, 2022, note receivable is collected
Dr Cash 40,000
Cr Note receivable 40,000
Dr Unearned interest revenue 800
Cr Interest revenue 800
2. What is the effective interest rate on the note
effective period rate = $2,400 / $37,600 = 6.3829% (for 9 months)
annual rate = 6.3829% x 12/9 = 8.51%
Whitman Printing has contracts to complete weekly supplements required by forty-six customers. For the year 20X5, manufacturing overhead cost estimates total $840,000 for an annual production capacity of 12 million pages.
For 2010, Whitman Printing decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that the number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis:
Cost Pool Manufacturing overhead costs Activity
Design changes $120,000 200 design changes
Setups 640,000 4,000 setups
Inspections 80,000 16,000 inspections
Total manufacturing overhead costs $840,000
During 2010, two customers, Money Managers and Hospital Systems, are expected to use the following printing services:
Activity Money Managers Hospital Systems
Pages 60,000 76,000
Design changes 10 2
Setups 20 10
Inspections 30 38
When costs are assigned using the single cost driver, number of pages printed, then Hospital Systems will ___?
a. contribute too little to profits, and Wallace Printing will not want to accept additional work from the company.
b. Will likely seek to do business with competitors
c. Is grossly under billed for the job, while other jobs will be unfairly over billed.
d. Is fairly billed because resources are allocated uniformly to all jobs.
Answer:
a. contribute too little to profits, and Wallace Printing will not want to accept additional work from the company.
Explanation:
For reaching any conclusion first we have to determine the cost assigned by using the single cost driver which is shown below:
= Rate × Pages printed
= ($840,000 ÷ 12,000,000) × 76,000
= $5,320
And Cost assigned using ABC is
= (120,000 ÷ 200) × 2 + (640,000 ÷ 4000) × 10 + (80,000 ÷ 16000) × 38
= $2,990
By this above calculation, the first option is chosen as the cost are high as compared to the ABC while on the other hand the profit would be NIL
True or False: Used items like used clothing, electronics, and furniture are included in the computation for GDP because buyers and sellers exchanged money. Explain.
Answer:
False
Used item clothings aren't included in GDP.
The GDP includes only items produced in a given year. The items would have been included in the year they were produced and adding them to GDP again would be double counting
Explanation:
Gross domestic product is the sum of final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach = Consumption spending + Investment spending by businesses + Government Spending + Net Export
I hope my answer helps you
During the coming year, Colgate expects an increase in variable manufacturing costs of $8 per unit and in fixed manufacturing costs of $35,000. (a) If sales for 2015 remain at 13,000 units, what price should Colgate charge to obtain the same profit as last year? Round to the nearest cent.
Answer: $130.69
Explanation:
Colgate made a Net Income of $167,000 in 2014 and sold 13,000 units.
Variable costs were $663,000 and fixed costs were $730,000.
Variable costs are to increase by $8 per unit and fixed costs by $35,000.
Price to sell at to maintain same profit as last year will be x
167,000 = 13,000x - (Old + New Variable cost) - ( Old + New Fixed Cost)
167,000 = 13,000x - (663,000 + (8* 13,000)) - ( 730,000 + 35,000)
167,000 = 13,000x - 767,000 - 765,000
167,000 = 13,000x - 1,532,000
13,000x = 1,699,000
x = 1,699,000/13,000
x = $130.69
Which team access level gives the user view only access to QuickBooks Online Accountant firm information, but no access to team and subscription billing and no access to the firm’s books?
Answer:
Basic Access
Explanation:
QuickBooks Online Accountant has three levels of access that can be granted to Team users. These includes:
1. Full Access: this grants the user to perform editing, modifications, update and access firm's QuickBooks Online Accountant.
2. Basic Access: this grants the user to VIEW-ONLY access to QuickBooks Online Accountant firm.
3. Custom Access: this grants the user to pick different mix of permission for the team user.
Hence, the right answer is BASIC ACCESS