Suppose the money supply (as measured by checkable deposits) is currently $850 billion. The required reserve ratio is 20%. Banks hold $170 billion in reserves, so there are no excess reserves. The Federal Reserve ("the Fed") wants to decrease the money supply by $42.5 billion, to $807.5 billion. It could do this through open-market operations or by changing the required reserve ratio. Assume for this question that you can use the simple money multiplier.
1. If the Fed wants to decrease the money supply using open-market operations, it should (buy / sell)$_____billion worth of U.S. government bonds.
2. If the Fed wants to decrease the money supply by adjusting the required reserve ratio, it should_______the required reserve ratio.

Answers

Answer 1
The proposal was incidental to a plan to require gold certificate reserves be kept behind Federal Reserve notes. No.

Related Questions

Consider the everyday task of getting to work on time or arriving at your first class on time in the morning. Complete a​ fish-bone chart detailing reasons why you might arrive late in the morning. Identify each possible source of error.Material ________▼
Methods _______ ▼
Machinery ______▼
Complete the​ fish-bone chart by matching each number in the chart with the corresponding reason.

Answers

Answer:

Part 1.

Material - The road

Reason: due to the road is a part of the material or resource that is used in the driving process)

Method - Driving

Reason: driving itself is the method)

Machinery - The car

Reason: the car is the primary equipment for the driving process)

Manpower - Family or me

reason: the family or the owner is the manpower involved in the driving process)

Part 2. the correct chart is with reason and the possible source is attached.

Part 1. Reason: thanks to the road could be a part of the fabric or resource that's utilized in the driving process)

Fish-bone chart

Material - The road

Method - Driving

Part-2 -Reason: driving itself is that the method)

Machinery - The car

Part-3 Reason: the car is that the primary equipment for the driving process)

Manpower - Family or me

Part-4 Reason: the family or the owner is that the manpower involved within the driving process)

Find out more information about Fish-bone chart here:

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Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $8.00. The smallest amount for which you would be willing to wash someone else's car is $5.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it

Answers

Answer:

1. The most you would be willing to pay for having a freshly washed car before going out on a

date is $6. The smallest amount for which you would be willing to wash someone else's car is

$3.50. You are going out this evening, and your car is dirty. How much economic surplus

would you receive from washing it?

The economic surplus from washing your dirty car is the benefit you receive from doing so ($6)

minus your cost of doing the job ($3.50), or $2.50.

2. To earn extra money in the summer, you grow tomatoes and sell them at the farmers' market

for 30 cents per pound. By adding compost to your garden, you can increase your yield as

shown in the table below. If compost costs 50 cents per pound and your goal is to make as much

money as possible, how many pounds of compost should you add?

Pounds

of

compost

Pounds

of

tomatoes

Marginal

Cost

($)

Marginal

Benefit

(pounds)

Marginal

Benefit

($)

Net

Benefits

Marginal

Net

Benefits

0 100 ---- 0 --- 0 ---

1 120 0.50 20 6.00 5.50 5.50

2 125 0.50 5 1.50 6.50 1.00

3 128 0.50 3 0.90 6.90 0.40

4 130 0.50 2 0.60 7.00 0.10

5 131 0.50 1 0.30 6.80 - 0.20

6 131.5 0.50 0.5 0.15 6.45 - 0.35

The benefit of adding a pound of compost is the extra revenue you’ll get from the extra tomatoes

that result. The cost of adding a pound of compost is 50 cents. By adding the fourth pound of

compost you’ll get 2 extra pounds of tomatoes, or 60 cents in extra revenue, which more than

covers the 50-cent cost of the extra pound of compost. But adding the fifth pound of compost

gives only 1 extra pound of tomatoes, so the corresponding revenue increase (30 cents) is less than

the cost of the compost. You should add 4 pounds of compost and no more.

3. Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are

allowed to put out as many cans as they wish. The average household disposes of three cans of

garbage per week under this plan. Now suppose that your city changes to a "tag" system. Each

can of refuse to be collected must have a tag affixed to it. The tags cost $2 each and are not

reusable. What effect do you think the introduction of the tag system will have on the total

quantity of garbage collected in your city? Explain briefly.

In the first case, the cost is $6/week no matter how many cans you put out, so the cost of

disposing of an extra can of garbage is $0. Under the tag system, the cost of putting out an extra

can is $2, regardless of the number of the cans. Since the relevant costs are higher under the tag

system, we would expect this system to reduce the number of cans collected.

Explanation:

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

Answers

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

The vice-president of marketing of G Street Fabrics has been told to invest the company's advertising dollars wisely. Which of the following measures could be used to compare the cost of its advertising expenditures for different media?a. Reachb. Ratingc. GRPsd. CPMe. frequency

Answers

Answer: d. CPM

Explanation:

CPM is a acronym for cost per thousand impressions. This is a term that is utilized in advertising either by online advertising, traditional advertising media, and marketing that are related to web traffic and it

refers to cost of traditional advertising, email advertising or internet marketing campaigns whereby the advertisers will have to pay every time an advertisement is displayed.

It is a measurement of the amount of money a company will have to pay in order to get across to its listeners, viewers, readers, or visitors. Since the vice-president of marketing of G Street Fabrics has been told to invest the company's advertising dollars wisely, he can use the CPM.

Your client is an attorney. Her new admin is just learning how to use QuickBooks Online. The Automatically create invoices and don't notify me setting is on. The attorney charges her clients for copies made. These should have been entered using delayed charges, but the admin did not know that, and they were not entered into QuickBooks Online. What is the risk/danger of the new office admin person not entering the copies made in the Delayed Charges? 1. Job costs for this client will be reduced 2. There is no risk. Invoices will go out just fine 3. The attorney's clients will be undercharged 4. Photocopy expense will be understated

Answers

Answer:

3. The attorney's clients will be undercharged

Explanation:

Since the QuickBooks Online is set to "automatically create invoices" and clients are charged for copies made.  The only missing link is that the charges to clients have not been entered into the Delayed charges, which will capture the expenses on photocopy.  Therefore, "the risk/danger of the new office admin person not entering the copies made in the Delayed Charges" is that "the attorney's clients will be undercharged."

The overall economic performance of developing countries is expected to outpace that of the United States over the coming years. A customer that wishes to profit from this should receive which recommendation and accompanying risk disclosures?


A.
The customer should be recommended a special situations fund, as long as the customer is willing to assume regulatory risk and market risk



B.
The customer should be recommended a specialty fund, as long as the customer is willing to assume credit risk and extension risk



C.
The customer should be recommended an emerging markets fund, as long as the customer is willing to assume political risk and exchange rate risk



D.
The customer should be recommended a sector fund, as long as the customer is willing to assume unsystematic risk and market risk

Answers

Answer: C. The customer should be recommended an emerging markets fund, as long as the customer is willing to assume political risk and exchange rate risk

Explanation:

In order to take advantage of the opportunity that presents itself from developing countries outpacing that of the US in years to come, the customer should invest in an Emerging Markets fund. This fund invests in securities from the more rapidly developing countries like China and Brazil so the customer will be poised to take advantage of the opportunities offered by this.

However, they should be wary of Exchange rate risks as their currencies are not as strong as the US dollar and can be unstable.

They also need to worry about political instability as quite a lot of developing countries do not have strong democracies and Economic decisions are influenced by political decisions a bit too much.

Expenditures on a nation's domestic production Group of answer choices are less than its domestic production. are equal to its domestic production. are greater than its domestic production. could be less than, equal to, or greater than its domestic production.

Answers

Answer:

are equal to it's domestic production

Explanation:

A country's Gross Domestic Product (GDP) is defined as value of all goods and services produced in a country during a given time. Domestic production refers to those goods and services produced at home for local consumption.

Expenditure refers to the monies expended by all entities namely; household, firms and government on goods and services with a country.

When all the entities involved in generating a country's GDP spend their money towards purchasing goods and services produced in a country, then local producers would have more money to buy materials that will be used for further production. The higher the money spent, the higher the production and vice versa.

The above is a cycle that is repeated each time household, firms and government buys locally produced goods hence expenditure on a nation's domestic production equal to it's domestic production.

When setting optimal prices, which of the following is a concern when utilizing a regression of observed sales on observed prices to set them?

a. All of these answers apply.
b. Future prices might be outside the range of past prices.
c. There is not enough variation in observed prices.

Answers

Answer:

The Future prices might be outside the range of past prices when setting optimal price

Explanation:

Future prices might be outside the range of past prices is a concern when utilizing a regression of observed sales on observed prices to set them because setting An optimal price enables the price at which the seller can make the highest profit possible in order to increase revenue with maximum profitability in which this can only be done when using the optimal pricing strategy for example in a situation where a company is competing in several locations and different market segments, this means clearly understanding and planning a special approach for the environments before the company makes any changes in their pricing strategy is important because Future prices might be outside the range of past prices.

On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer settle an account. What entry should be made on the November 1 to record the acceptance of the note

Answers

Answer:

Debit note receivable with $10,000

Credit accounts receivable with $10,000

Explanation:

The journal entry below should be used to record the acceptance of the note on November 1.

Note receivable account Dr $10,000

Accounts receivable Cr 10,000

Why does e-commerce save businesses money?
O
A. Because warehouses can stock much more inventory than stores.
B. Because they charge more for online purchases.
ОО
C. Because more people shop online than in stores.
D. Because they lower the quality of the product for online
purchases.

Answers

Answer:

A. Because warehouses can stock much more inventory than stores.

Explanation:

You often find that employees choose a health care plan without carefully considering their options. In fact, sometimes employees realize they are spending too much for health care or that they lack health care options, and they end up blaming you for not informing them sufficiently of their options ahead of time. You want employees to attend the fair and take the time to carefully weigh their options. Which of the following statements is most likely to attract employees to the fair to do so?
A. This presentation helps you choose which of the five health insurance options works best for your family.
B. This presentation discusses the relative benefits and costs of each health care option.
C. In this presentation, we provide you with the answers you need about the five health insurance options.

Answers

Answer: This presentation helps you choose which of the five health insurance options works best for your family.

Explanation:

From the question, we are informed that employees usually choose a health care plan without carefully considering their options and they end up blaming someone else for not informing them sufficiently of their options ahead of time.

Due to this reason, the person want the employees to attend a fair and take the time to carefully weigh their options. Of the options given, the correct answer is that "this presentation helps you choose which of the five health insurance options works best for your family".

Emphasis is been placed on choice as the employees can choose what works best for them. A simple language is also used to pass the message across.

The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $1.5 million. If it would cost $2 million to finish development and make the product, you go ahead and do so. The most you should pay to complete development is $_______million.

Answers

Answer:

You should pay "$3" million to complete the development.

Explanation:

The possibility you've already plunged $5 million is therefore no longer important to either calculation, although this money disappears. All counts now would be the small chance of gaining money. When you are investing around $1 million and are able to produce $3 million in funding, users earn $2 million in gross income, so clients will.You seem entitled to say that perhaps a gross of $3 million has indeed been wasted to the venture, and you really should not even have begun it.  That would be real, however, if you ever don't invest about $1 million extra you apparently can't have any profits and total damages will have been $5 million.

And therefore what counts has never been the overall income, but the incremental benefit that you will receive.  In reality, you'd pay approximately $3 million to feel a sense of achievement, not much more, and towards the bottom, you won't increase income.

On January 1, 2016, Sheldon Unlimited issues 12%, 15-year bonds payable with a face value of $250, 000. The bonds are issued at 106 and pay interest on June 30 and December 31.
1. Journalize the issuance of the bonds on January 1, 2016.
2. Journalize the semiannual interest payment and amortization of bond premium on June 30, 2016.
3. Journalize the semiannual interest payment and amortization of bond premium on December 31, 2016.
4. Journalize the retirement of the bond at maturity.

Answers

Answer:

1. Date        Account Title and Explanation      Debit         Credit

January 1       Cash                                             $265,000  

2016               Premium on bonds payable                          $15,000

                      Bonds payable                                               $250,000

                (To record Issuance of bonds )  

2 . Date        Account Title and Explanation      Debit         Credit

June 30         Bond interest expense              $14,500  

2016                Premium on bonds payable         $500  

                       Cash                                                                  $15,000

(Interest on bond paid and Premium amortized)  

3 . Date        Account Title and Explanation      Debit         Credit

Dec 31          Bond interest expense                   $14,500  

2016              Premium on bonds payable            $500  

                                  Cash                                                    $15,000

     (Interest on bond paid and Premium amortized)  

4.   Date        Account Title and Explanation      Debit         Credit

Dec 31 2030     Bonds payable                  $250,000  

                              Cash                                                       $250,000

                     (Bond redeemed)  

Working  

Bond issue price (250000 / 100*106)                            $265,000

Face value                                                                         $250,000

Premium on bonds payable                                              $15,000

Number of Interest payments (15 years x 2)              30 period

Discount/ premium to be amortized per Half year          $500.00

Interest on bond                                                                 $15,000.00

Interest expense to be recorded                                       $14,500

(15000-500)

is (R$), has been trading at R$3.40/US$. Exports to Brazil are currently 50,000 printers per year at the reais-equivalent of $200 each. A rumor exists that the reais will be devalued to R$4.00/$ within two weeks by the Brazilian government. Should the deva

Answers

Answer:

Some information was missing, so I looked it up:

Should the devaluation take place, the reais is expected to remain unchanged for another decade.

Accepting this forecast as given, DP faces a pricing decision which must be made before any actual devaluation: DP may either 1) maintain the same reais price and in effect sell for fewer dollars, in which case Brazilian volume will not change or 2) maintain the same dollar price, raise the reais price in Brazil to compensate for the devaluation, and experience a 20% drop in volume. Direct costs in the U.S. are 60% of the U.S. sales price.

What would be the short-run (one-year) implication of each pricing strategy? Which do you recommend?

In the short run:

if you decide to keep the current price in reais, then your contribution margin per unit will decrease from $80 to $50. Total contribution from sales to Brazil will reduce from $4,000,000 to $2,500,000.

If you decide to increase the price in reais, then your contribution margin per unit will remain at $80, but your total sales will fall to 40,000. Total contribution margin from sales to Brazil will reduce from $4,000,000 to $3,200,000

Personally, I would recommend increasing the price since operating profits will reduce in a smaller proportion.

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:


Inventory on units; cost $5.70 each.
Purchased 12,000 units for $5.90 each.
Sold 9,600 units for $12 each.
Purchased 7,200 units for $6.00 each.
Sold units for $11.40 each.
Purchased 4,400 units for $5. 80 each.
Inventory on units.

Required:
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the Average cost method.

Answers

Aug. 1 Inventory On Hand—2,000 Units; Cost $5.70 Each.

Second sales assumed to be 7,000 units at a price of $11.40 each.

Answer:

Altira Corporation

August 2021 Ending Inventory & Cost of Goods Sold:

1. Ending Inventory = 9,000 units at $5.88 per unit = $52,920

2. Cost of goods sold =

9,600 x $5.87 = $56,352

7,000 x $5.95 =  $41,650

16,600 units   =  $98,002

Explanation:

a) Calculations:

                                         Units           Unit Cost       Total Cost

Beginning Inventory      2,000            $5.70              $11,400

Purchases                     12,000            $5.90            $70,800

Weighted average cost = ($11,400 + $70,800) / 14,000 = $5.87

Sales                             (9,600)          $12.00                               $115,200

Units remaining             4,400            $5.87             $25,828

Purchases                      7,200             $6.00            $43,200

Weighted average cost = ($25,828 + $43,200) / 11,600 = $5.95

Sales                             (7,000)            $11.40                              $79,800

Units remaining            4,600             $5.95             $27,370

Purchases                     4,400             $5.80             $25,520

Weighted average cost = ($27,370 + $25,520) / 9,000 = $5.88

Ending Inventory        9,000               $5.88             $52,920

b) The 'Average Cost Method' or the Weighted Average Cost Method assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. To compute the average cost, divide the total cost of goods available for sale by the total units available for sale.

What is the current price for a bond worth $4,000 that has a price quote of 50?

Answers

Answer:

$ 2,500 as far as i know.

Explanation:

Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $4,100,000; investment center income $700,000; a target income of 12% of average invested assets. The residual income for the division is:

Answers

Answer:

$208,000

Explanation:

Calculation for Dartford Company residual income

Using this formula

Residual income=Investment center income -(Target income percentage of average invested assets ×Average investment center total assets)

Let plug in the formula

Residual income =$700,000-(12%×$4,100,000)

Residual income =$700,000 - $492,000

Residual income =$208,000

Therefore The residual income for the division is: $208,000

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,174; cost of goods sold = $21,740; depreciation expense = $3,512; interest expense = $544; dividends paid = $849. At the beginning of the year, net fixed assets were $20,046, current assets were $3,029, and current liabilities were $3,776. At the end of the year, net fixed assets were $23,077, current assets were $4,447, and current liabilities were $3,077. The tax rate for 2019 was 21 percent.
a. What is net income for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Net income $b. What is the operating cash flow for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Operating cash flow $c. What is the cash flow from assets for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Cash flow from assets $Assume no new debt was issued during the year.d. What is the cash flow to creditors for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Cash flow to creditors $e. What is the cash flow to stockholders for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Cash flow to stockholders $

Answers

Answer:

Prescott Football Manufacturing

a. Net Income for 2019:

2019: sales =                  $30,174

cost of goods sold =      $21,740

depreciation expense =  $3,512

interest expense =            $544

Pre-tax Income   =          $4,378

21% Tax              =                919-38

Net Income        =        $3,459

b) Operating cash flow

Net Income    =                     $3,459

Non-cash:

Depreciation Expense             3512

Increase in current assets      -1,418

Decrease in current liabilities -699

Net operating cash flow     $4,854

c) Cash flow from assets:

Increase in Assets   -$3,031`

d) Cash flow to creditors:

Decrease in liabilities -$699

e) Cash flows to stockholders:

Dividends paid =               -$849

Explanation:

a) 2019: sales =                  $30,174

cost of goods sold =      $21,740

depreciation expense =  $3,512

interest expense =            $544

Pre-tax Income   =          $4,378

21% Tax              =                919

Net Income        =          $3,459

dividends paid =               $849.

b) Balance Sheet:

At the beginning of the year,

net fixed assets were $20,046,

current assets were $3,029, and

current liabilities were $3,776.

c) Balance at the end of the year,

At the end of the year,

net fixed assets were $23,077,

current assets were      $4,447, and

current liabilities were $3,077.

                          Prescott Football Manufacturing

Part A:

Net Income for 2016:

Sales =                            $30,174 Cost of goods sold =      $21,740 Depreciation expense = $3,512 Interest expense =         $544 Pre-tax Income   =          $4,378 21% Tax               =           919-38

         Net Income        =        $3,459

Working Notes:  

sales =                  $30,174 cost of goods sold =      $21,740 depreciation expense =  $3,512 interest expense =            $544 Pre-tax Income   =          $4,378 21% Tax              =                919 Net Income        =          $3,459 dividends paid =               $849.

Part B:

Operating cash flow

Net Income    =                     $3,459

         Non-cash:

Depreciation Expense             3512 Increase in current assets      -1,418 Decrease in current liabilities -699 Net operating cash flow     $4,854

Working Notes :

At the beginning of the year, Net fixed assets were $20,046, Current assets were $3,029, Current liabilities were $3,776.

Part C:

Cash flow from assets:

Increase in Assets   -$3,031`

Working Notes :

Balance at the end of the year, At the end of the year, net fixed assets were $23,077, current assets were      $4,447,   current liabilities were $3,077.

Part D :

Cash flow to creditors:

Decrease in liabilities = -$699

Part E :

Cash flows to stockholders:

Dividends paid =-$849

Learn more :

https://brainly.com/question/14802455?referrer=searchResults

In response to the economic crisis in 2008, President Merkel "highlighted in her speech what the German government has already done: a financial sector rescue package worth up to €500 billion, and a proposed stimulus package of tax breaks [on income] and spending measures aimed at triggering investments of up to €50 billion over the next two years." Which parts of the stimulus plan will increase labor supply?

Answers

Answer:

Chancellor Merkel's proposed stimulus consisted of two parts:

a financial rescue package worth €500 billion (which I personally believe only helped bankers but didn't increase labor supply)tax breaks and investment measures worth €50 billion

The only part of the stimulus package that would actually help to increase labor supply is the last part, which also is the smallest part, since it should have increased investments. When investment increases, the interest rates decrease and aggregate demand increases. As aggregator demand increases, the demand for labor also increases. An increase in the demand for labor results in higher wages, which in turn increases labor supply until an equilibrium is reached.

Governments generally rescue financial institutions arguing that they are really important to the economy, but what is really amazing and repeats itself all over the world is that the same governments favor free markets. When small businesses fail, governments do not care, and small businesses represent 99% of America's companies. Governments only start caring when rich people lose money, since free market rules only apply to them when they favor them. If free market rules do not favor the rich, they are bad and governments intervene.

Suppose that a baseball player eligible for free agent status signs a contract with a new team that promises to pay him $100,000 more than his current team for each of the next three years. Assuming the discount rate is 6 percent, what is the maximum the current costs of moving could be and still have this investment be worthwhile?

Answers

Answer:

Maximum current cost =  $267,301.19

Explanation:

The maximum current costs of his moving would be worth of the $100,000 annuity in today's dollars, that is the present value.

The present value of the annuity would be determined as follows:

PV = A × (1- (1+r)^(-n) )/ r

Annual cash flow, n- number of years, r-rate of interest

A- 100,000, r- 6%, n- 3

PV - 100,000 × (1- 1.06^(-3))/0.06

PV = $ 267,301.19  

Maximum current cost =  $267,301.19  

Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,090. Estimated direct labor cost was $481,580 for 19,900 hours.Actual costs for the most recent month are summarized here:Item Description Total CostDirect labor (1,800 hours) $46,361Indirect costs Indirect labor 2,540Indirect materials 3,420Factory rent 3,300Factory supervision 4,730Factory depreciation 5,760Factory janitorial work 1,270Factory insurance 1,890General and administrative salaries 4,240Selling expenses 5,350Required1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.)Predetermined Overhead Rate _____ Per DL Hour2. Calculate the amount of applied manufacturing overhead.Applied Overhead Rate _____3. Calculate actual manufacturing overhead costs.Actual Manufacturing Overhead Costs _____4. Compute over- or underapplied overhead.Overhead _____

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated overhead= $181,090

Estimated direct labor houra= 19,900

Actual costs:

Indirect labor= $2,540

Factory rent= $3,300

Factory supervision= $4,730

Factory depreciation= $5,760

Factory janitorial work= $1,270

Factory insurance= $1,890

Actual overhead= $19,490

Actual direct labor hours= 1,800

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 181,090/19,900= $9.1 per direct labor hour

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9.1*1,800= $16,380

Actual manufacturing overhead costs= $19,490

Finally, we can determine the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 19,490 - 16,380

Under/over applied overhead= $3,110 underapplied

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

Answers

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

Analysis of income statements,balance sheet and,aditional information from the accounting records of Gatdgets.Inc., reveals the following items1. Purchase of a patent. 2. Depreciation expense. 3. Decrease in accounts receivable. 4. Issuance of a note payable. 5. Increase in inventory. 6. Collection of notes receivable. 7. Purchase of equipment. 8. Exchange of long-term assets. 9. Decrease in accounts payable. 10. Payment of dividends.Required:Indicate in which section of the statement of the cash flows each of these items would be reported:operating activities,or a separate non cash activities note.

Answers

Answer:

1. Purchase of a patent - Investing activities

2. Depreciation expense - Operating activities

3. Decrease in accounts receivable - Operating activities

4. Issuance of a note payable - Financing activities

5. Increase in inventory - Operating activities

6. Collection of notes receivable - Investing activities

7. Purchase of equipment - Investing activities

8. Exchange of long-term assets - Non-cash activities

9. Decrease in accounts payable - Operating activities

10. Payment of dividends - Financing activities

The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are called:________
a. strategic fit.
b. strategic issues.
c. scenarios.
d. environmental uncertainty.
e. strategic factors.

Answers

Answer:

D. environmental uncertainty.

Explanation:

This could be explained to be a condition or situation when an organisation in form of a firm is said to have little or no information about its external environment and in this condition, making it unpredictable; especially when not expected. In other words, the term environmental uncertainty can be easily explained to be unpredicted, unexpected uncertainties that are said to happen in an external environment.

Global warming can be capitalized to be one of the physical and major environmental uncertainties that occurs in such a place.

At the beginning of the year, Bryers Incorporated reports inventory of $7,300. During the year, the company purchases additional inventory for $22,300. At the end of the year, the cost of inventory remaining is $9,300. Calculate cost of goods sold for the year.

Answers

Answer:

$20,300

Explanation:

beginning inventory $7,300

purchases during the year $22,300

ending inventory $9,300

cost of goods sold = beginning inventory + purchases - ending inventory = $7,300 + $22,300 - $9,300 = $20,300

When you use a periodic inventory system, you calculate COGS using the previous formula, but if you use a perpetual inventory system, COGS are calculated for every individual sale.

What are some of the issues to consider in determining whether the Internet would provide your business with a competitive advantage

Answers

Answer:

relevancy, cost, and information

Explanation:

When determining whether the Internet would provide your business with a competitive advantage you need to consider relevancy, cost, and information. First would be how much extra cost will you incur in order to place your business on the internet. Secondly, you need to consider the importance of the internet to you business, such as what percentage of your customer population will be on the internet. And lastly, you need to consider how much information you actually need to acquire in order to successfully implement this course of action.

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Queno Company had FUTA taxable wages of $510,900 during the year. Determine its: (Round your answers to two decimal places.) a. gross FUTA tax $ . b. FUTA tax credits (assuming no penalties) $ . c. net FUTA tax

Answers

Answer:

a. $30,654

b. $27,588.60

c.  $3,065.40

Explanation:

The Gross/ Standard Federal Unemployment Tax (FUTA) is 6.0% but employers tend to receive a 5.4% reduction/ credit upon filing form 940 leaving them with a net of 0.6%.

a. The Gross tax is;

= 510,900 * 6%

= $30,654

b. FUTA Tax Credits

= 510,900 * 5.4%

= $27,588.60

c. Net FUTA Tax

= 510,900 * 0.6%

= $3,065.40

You Save Bank has a unique account. If you deposit $8,000 today, the bank will pay you an annual interest rate of 3 percent for 5 years, 3.6 percent for 4 years, and 4.3 percent for 8 years. How much will you have in your account in 17 years

Answers

Answer:

Total money after 17 years = $14962

Explanation:

Given present value or mount deposited today = $8000

Annual interest rate for 5 years = 3 %

Annual interest rate for 4 years = 3.6 %

Annual interest rate for 8 years = 4.3 %

Now we have to calculate the total amount after 17 years. Below is the calculation.

[tex]Total \ amount = 8000(1 + 0.03)^{5} (1+ 0.036) ^{4} (1+ 0.043 ) ^{8} \\Total \ amount = $14962[/tex]

What are the 3 levels of access that can be granted to Team users of QuickBooks Online Accountant

Answers

Answer:

In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:

Full : these users have access to accounting features, and books such as edit, remove and add users.Basic : These users have access to create and read accounting.Custom: These users can access administrative functions for the firm , access to manage clients  and  access to client QuickBooks .

The three levels of access that can be granted to the team users of QuickBooks Online includes the Basic access, Full access and Custom access.

QuickBooks Online Accountant is an accounting based software which allows companies to controls all the financial side of their business

Only the users with administrator access and Firm Owners have the authority to access information on the accounting software.

The 3 levels of access granted to team users on the QuickBooks Online Accountant includes:

Basic access users: These are users who have access have access to create and read accounting information.Full access users: These are users who have access to accounting features such as edit, remove and add users as well as privilege enjoyed by basic access users. Custom access users: These are users who can access administrative functions for the firm.

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A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent and 12.50 percent, respectively. What is the expected return on the portfolio

Answers

Answer:

Portfolio return = 11.08%

Explanation:

The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)=   0.61  

Expected return on portfolio = (0.39 ×8.90% )  + (0.61*12.50%)= 11.08 %

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