Answer:
The Marlene Doll Co.
Weighted-AVerage Method
Cost of production:
COSTS: W-1-P Nov. 1: $9,600 $4,800
Costs added in November: 15,600 14,400
Total costs for the month $25,500 $19,200
Equivalent units of production:
Units Materials Conversion
Transferred to Dept B: 12,000 12,000 12,000
W-1-P Nov. 30: 6,000 6,000 3,000
Equivalent units 18,000 15,000
Cost per equivalent units:
Materials Conversion
Total costs for the month $25,500 $19,200
Equivalent units 18,000 15,000
Cost per equivalent unit $1.42 $1.28
Costs assigned to:
Units Transferred to Dept B: $17,040 $15,360 $32,400
(12,000 *$1.42) (12,000 * $1.28)
W-1-P Nov. 30: 8,520 3,840 12,360
(6,000 *$1.42) (3,000 * $1.28)
Total costs assigned $25,560 $19,200 $44,760
FIFO Method
Equivalent units of production:
Units Materials Conversion
W-1-P Nov. 1: 8,000 0 (0%) 2,000 (25%)
Units started & completed: 10,000 10,000 10,000
W-1-P Nov. 30: 6,000 6,000 3,000
Equivalent units 16,000 15,000
Cost per equivalent units:
Materials Conversion
Total costs for the month $15,600 14,400
Equivalent units 16,000 15,000
Cost per equivalent unit $0.975 $0.96
Costs assigned this month to:
Work-in-Process $0 $1,920 $1,920
(0 *$0.975) (2,000 * $0.96)
Units completed $9,750 $9,600 $19,350
(10,000 *$0.975) (10,000 * $0.96)
W-1-P Nov. 30: 5,850 2,880 8,730
(6,000 *$0.975) (3,000 * $0.96)
Total costs assigned $15,600 $14,400 $30,000
Total costs of:
Units transferred out $19,350 $16,320 $35,670
W-1-P Nov. 30: 5,850 2,880 8,730
Total costs $25,200 $19,200 $44,400
Explanation:
a) Data and Calculations:
Dept. A. UNITS:
Units Materials Conversion
W-1-P Nov. 1: 8,000 100% 75%
Started in November: 10,000
Transferred to Dept B: 12,000 100% 100%
W-1-P Nov. 30: 6,000 100% 50%
Under the WTO agreement:_________
a. tariffs are permitted to be levied by developed countries against developing countries but not against each other
b. a dispute resolution mechanism allows countries to bring grievances to the WTO against countries that levy inappropriate trade discrimination measures
c. there is no dispute resolution mechanism except for trade involving environmental products
d. countries are allowed to place trade barriers on member countries with no particular justification, because like GATT the WTO has no enforcement mechanism
Answer:
Under the WTO agreement:_________
b. a dispute resolution mechanism allows countries to bring grievances to the WTO against countries that levy inappropriate trade discrimination measures.
Explanation:
The WTO (World Trade Organization) Agreement is an international legal framework covering about 63 agreements affecting trade in goods, services, intellectual property, standards, investment, and other issues with some impacts on world trade. The legal framework is a system of rules that supports open, fair, and undistorted trade competition, allowing tariffs and some protections.
After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy. Because the Bigbux was an FDIC member bank, Xavier and Alyssa:
a. will beible 15 recover 80 percent of the value of their depon, $2,500 deductible.
b. should be protected because their account is fully insured by the FDIC
c. will lose their savings because the FDIC only insures business deposite
d. can recover up to $25,000, but they will probably lose the test since the deposits exceed the maximum coverage offered by the FDIC
Answer:
B
Explanation:
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
The FDIC provides protection for up to $250,000 of deposits
$55,000 is less than $250,000, thus the depositors would receive full protection
A rectangle has length xcm and width (x-1)cm. If the perimeter is 14cm,
Find the value of x.
Answer:
x = 4 cm
Explanation:
Given that,
Length of a rectangle = x cm
Width = (x-1) cm
The perimeter of the rectangle = 14 cm
We need to find the value of x.
We know that,
Perimeter = sum of all sides
14 = 2(x+x-1)
7 = 2x-1
8 = 2x
x = 4
So, the value of x is equal to 4 cm.
The market for the fast car with so much horsepower that handling becomes an issue is decreasing. People are more interested in buying SUVs and pickups. As a result, General Motors is stopping production of its Camaro, a car that has had limited sales recently. Since the Camaro can no longer generate enough cash to sustain its manufacture, the BCG portfolio would classify it as a:
Answer:
Dog.
Explanation:
In 1970, Bruce D. Henderson developed and created a growth-share matrix for the Boston Consulting Group (BCG). The Boston Consulting Group (BCG) growth-share matrix is a tool used for analyzing and planning product lines in a business unit. It makes use of a graphical representation of a company's product line and services to analyze and make long-term strategic plans on which to invest more on or sell off.
Generally, products are divided into four (4) main categories in the BCG growth-share matrix;
1. Dogs.
2. Stars.
3. Question marks.
4. Cash cows.
A dog refers to a product or business unit that has a very low growth rate or market share and as such generates insufficient amount of revenues.
In this scenario, Camaro isn't able to generate sufficient (enough) cash to sustain its manufacturing or production process, the Boston Consulting Group (BCG) portfolio would classify it as a dog.
The following is selected financial information for Osmond Dental Laboratories for 2021 and 2022: 2021 2022 Retained earnings, January 1 $ 53,000 ? Net income 40,000 45,000 Dividends 12,000 25,000 Common stock 78,000 ? Osmond issued 3,000 shares of additional common stock in 2022 for $22,000. There were no other stock transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2022. (Amounts to be deducted should be indicated with minus sign.)
Answer:
Osmond Dental Laboratories
Statement of Stockholders' Equity:
2022
Common stock $90,000
Retained earnings, December 31 101,000
Stockholders' equity $191,000
Explanation:
a) Data and Calculations:
Osmond Dental Laboratories for 2021 and 2022:
2021 2022
Retained earnings, January 1 $ 53,000 ?
Net income 40,000 45,000
Dividends 12,000 25,000
Common stock 78,000 ?
Analysis:
Cash $22,000 Common stock $22,000
Retained earnings, January 1 $ 53,000 81,000
Net income 40,000 45,000
Dividends -12,000 -25,000
Retained earnings, December 31 $ 81,000 $101,000
Common stock on December 31 = $90,000 ($78,000 + $22,000)
Statement of Stockholders' Equity:
Osmond Dental Laboratories for 2021 and 2022:
2021 2022
Common stock $78,000 $90,000
Retained earnings, December 31 81,000 101,000
Stockholders' equity $159,000 $191,000
Bramble Corp. expects to purchase $110000 of materials in July and $130000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be
Answer:
$125,000
Explanation:
August's cash disbursements for materials purchases wiill be:
= July month purchase paid amount + August month purchase paid amount
= ($110,000 * 25%) + ($130,000 * 75%)
= $27,500 + $97,500
= $125,000
As of Dec. 31, 2013, a company had current assets of $600,000 and current liabilities of $300,000. Sales of the company are expected to increase by 10 percent for each of the next two years. If all current assets and current liability accounts increase proportionately with sales, what would be the projected current ratio of the company on Dec. 31, 2015
Answer:
2.00
Explanation:
Calculation to determine what would be the projected current ratio of the company on Dec. 31, 2015
Using this formula
Current ratio =Current assets/ Current liabilities
Let plug in the formula
Current ratio =$600,000 /$300,000
Current ratio =2.00
Therefore the projected current ratio of the company on Dec. 31, 2015 is 2.00
Charles Company acquired Jackson Company for $2,000,000 cash. At that time, the fair value of recorded assets and liabilities was $1,500,000 and $250,000, respectively. If Jackson meets specified sales targets, Charles is required to pay an additional $200,000 in cash per the acquisition agreement. Charles estimates the probability of this to be 50%. The direct costs related to the acquisition were $50,000. What was the amount of the goodwill related to the acquisition?
Answer:
$950,000
Explanation:
Goodwill is defined as the excess of Purchase Price over the Net Assets taken over.
therefore
Goodwill = Purchase Price - Fair Value of Net Assets taken over
Note : Acquisition cost is an expense and not included in this calculation.
Since the probability is more likely than not (Probability > or = 50 %) , we include the $200,000 in the Purchase Price
thus,
Goodwill = $2,200,000 - ($1,500,000 - $250,000)
= $950,000
Approximately 395 years ago, the Dutch settler, Peter Schaghen, purchased Manhattan Island from the Lenape Indians for 60 guilders (about $35 USD) worth of various commodities. Assume the Lenape Indians sold the commodities and invested the $35 earning a 7.5% annualized compounded return. What would their investment be worth today (395 years later)
Answer:
the investment be worth today is $90 trillion
Explanation:
The computation of the investment be worth today is shown below:
Amount = $35 × (1 + 0.075 ÷ 1)^1.395
= $35 × 1075^1.395
= $90 trillion
Hence, the investment be worth today is $90 trillion
Basically we applied the above method to compute the same so that the correct amount could come
If the wage of the fifth worker is $20 and his or her value of the marginal product of labor is $25, the firm a. benefits by stopping at this level of labor. b. is likely to fire the fifth worker. c. asks this fifth worker to work overtime. d. is likely to benefit by hiring more workers. e. is likely to lose profit by hiring more workers.
A. benefits by stopping at this level of labor. Option A is correct.
What are the benefits of division of labor?The specialisation of duties and responsibilities within a production process is known as the division of labour. It has many advantages, including improved productivity and efficiency. Workers can become more skilled and proficient in their particular role by breaking down a complex task into smaller, more focused tasks, which leads to higher-quality output and quicker production times. Because mass production can reduce costs per unit, the division of labour also makes it easier to achieve economies of scale. Additionally, it enables more latitude in task distribution and workload modification. As workers concentrate on gaining expertise in their area of specialisation, it can also result in more innovation and specialisation. In general, the division of labour has led to significant advancements in modern industrial production.
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An important difference between tariffs and quotas is that tariffs raise the price of the good in the country imposing the tariff. always generate tax revenue for the government. reduce imports. help domestic producers. g
Answer:
The correct answer is the second option: Tarrifs always generate tax revenue.
Explanation:
On the one hand, tariffs are taxes imposed by the government exclusively to imports and exports with the primary purpose of increase the revenue of the nation. Although it also looks for the protection of certains goods being a type of regulation regarding the international trade that goes around the world.
On the other hand, a quota is basically a limit imposed by the government with the only purpose of puting a maximum quantity to the number of imports that can entry in the country and therefore to protect the local industries and the domestic producers with it.
Betsy Union is the Pika Division manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Pika Division is $46,000. Its current operating assets total $210,000. The division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual depreciation of $10,000. If the equipment is purchased, what will happen to the return on investment for the division
Answer:
Pika Division
Betsy Union
The return on investment will reduce from 21.9% to 18.4%.
Explanation:
a) Data and Calculations:
Current controllable margin = $46,000
Current operating assets = $210,000
Current return on investment = $46,000/$210,000 * 100 = 21.9%
Increase in sales as a result of the new equipment = $10,000
Increase in depreciation = $10,000
Operating assets after the purchase of the new equipment = $250,000 ($210,000 + $40,000)
Future controllable margin = $46,000 ($46,000 + $10,000 - $10,000)
Future return on investment = $46,000/$250,000 * 100
= 18.4%
On April 1, Griffith Publishing Company received $27,180 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year
Answer:
Debit Unearned Fees, $6,795; credit Fees Earned, $6,795.
Explanation:
Based on the information given the appropriate adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year will be :
Debit Unearned Fees $6,795
Credit Fees Earned $6,795
[$27,180/36 months*9 months]
April 1 to December 31=9 months
If you were an investor during the dot revolution, and you invested primarily in technology stocks, what fundamental principle of finance did you ignore and how did it affect the value of your portfolio
Answer:
If an individual has shares in a dot.com or IT firm in his or her portfolio, the essential concept of finance that might be overlooked while owning the commodity is :
1) The corporation's income/EPS has decreased.
2) A slowdown in the corporation 's growth and turnover.
3) The dividend payment ratio will be reduced.
Quarterly effects on the outcomes would rarely make a difference in the year results, given the seasonal or business pattern in IT organisations.
Mildred and Robert are the only buyers in the market for DVDs. Mildred buys 5 DVDs when the price of a DVD is $6.00 , 4 DVDs when the price of a DVD is $8.00 , and 2 DVDs a month when the price of a DVD is $10.00 . Robert buys 18 DVDs a month when the price of a DVD is $6.00 , 9 DVDs when the price of a DVD is $8.00 , and zero DVDs when the price of a DVD is $10.00 . In the market for DVDs, what do we know about the quantity demanded?
Answer:
increases as the price falls
Explanation:
A. increases as the price rises
B .at $8.00 a DVD is 8 DVDs a month
C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD
D. increases as the price falls
E .at $6.00 a DVD is 4 DVDs a month
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
As price decreases, quantity demanded increases
2. State the accounting equation.
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The accounting equation formula is Assets = Liabilities + Equity.
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The National Income and Product Accounts simultaneously provide data on: (a) production and efficiency; (b) technological progress and product improvements; (c) total output and the income derived from its production; (d) slugging percentage and on-base percentage.
Help please Briefly explain how technology affects promotional strategies.
Answer: Technology has transformed marketing by making campaigns more personalized and immersive for people and creating ecosystems that are more integrated and targeted for marketers. And it's not just the interface between brands and people that have been transformed. ... 30% will prioritise technology over creativity.
The dominant form of business organization in the United States in terms of dollar sales volume, earnings, and employees is
Answer:
The answer is "The corporation".
Explanation:
In terms of dollar sales, profits, or personnel, the main form of the corporate organization throughout the USA was its company. The company's main form of business organization is indeed the company, a legal entity constituted by the selling of share capital to the owners, who have become stakeholders and the shares elect a board member who manages the company.
I applied to a university in mid October but it is June now an I haven't gotten a respond yet. is it a bad sign?
Holt Industries received a $2,000 prepayment from the Ramirez Company for the sale of new office furniture. Holt will bill Ramirez an additional $3,000 upon delivery of the furniture to Ramirez. Upon receipt of the $2,000 prepayment, how much should Holt recognize for a contract asset, a contract liability, and accounts receivable?
Answer and Explanation:
The computation of the contract asset, a contract liability, and accounts receivable is shown below:
The contract asset is zero as it is not satisfied with the performance obligation
The current liability is $2,000 as it denotes the deferred revenue of $2,000 so this represent the contract liability
And, the account receivable is zero as it does not have the account receivable till the delivery of the furniture
in this way it should be recorded
Bank charged interest on overdraft Rs. 500 journal entry
Answer:
interest is overdraft a/c.
Explanation:
In the cash book the above entry would be recorded on the credit side and as we know that pass book is an exact opposite record of the cash book so, interest on bank overdraft would be recorded on the debit side of the pass book
Wyatt keeps $25,000 in an interest-bearing time deposit with the Bigbux Bank. While earning a relatively attractive rate of interest, Wyatt had to agree to not withdraw any of the funds until the end of a three-year period. Wyatt's investment represents a(n)
Answer:
Certificate of deposit
Explanation:
A certificate of deposit is one of the most common and safest investment mechanisms. It consists in depositing a fixed amount of money at a bank or any other financial institution that offers the service, for a fixed amount of time, and in exchange for a fixed interest rate.
Certificates of deposit are one of the safest investment options, but for the same reason, they are one of the least profitable. It is well known that one of the central principles of finance is that the higher the risk, the higher the profitability, and the lower the risk, the lower the profitability.
BE12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the entry to record Nichols's investment in the partner- ship, assuming the equipment has a fair value of $4,000.
Answer:
Dr Cash $10,000
Dr Equipment (at FairValue) $4,000
Cr Nichols’s Capital Account $14,000
Explanation:
Preparation of the entry to record Nichols's investment in the partner- ship
Dr Cash $10,000
Dr Equipment (at FairValue) $4,000
Cr Nichols’s Capital Account $14,000
($10,000+$4,000)
(To record Nichols's investment in the partner- ship)
During year 8, Clark Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire year to complete and all costs were incurred uniformly throughout the year. At the beginning of the period, Clark was able to borrow $1,500,000 at 6% specifically for the purchase of materials and the manufacture of the equipment. The entire debt, with interest was repaid on December 31, year 8, replaced with a long-term loan. Throughout year 8, Clark Company had additional debt of $1,000,000 with a weighted average interest rate of 7%. If Clark Company capitalizes the maximum amount of interest allowable under GAAP, how much will Clark report as interest expense in year 8
Answer:
$88,000
Explanation:
Calculation to determine how much will Clark report as interest expense in year 8
First step is to calculate the total interest expense for the year
Total interest expense = ($1,500,000 x 6%) + ($1,000,000 x 7%)
Total interest expense = $90,000 + $70,000
Total interest expense=$160,000
Second step is to calculate the weighted average costs
Weighted average costs = $2,400,000 / 2
Weighted average costs= $1,200,000
Third step is to calculate the capitalize interests
Capitalize interests =$1,200,000 x 6%
Capitalize interests= $72,000
Now let calculate the interest expense in year 8 using this formula
Year 8 Interest expense=Total interests - Capitalized interests
Let plug in the formula
Year 8 Interest expense= $160,000 - $72,000
Year 8 Interest expense= $88,000
Therefore The amount that Clark will report as interest expense in year 8 is $88,000
Why might it be argued that corporations do not have a comparative advantage when investing in real estate as a means of diversification from the core business?
Solution :
Real estate is defined as something that is related to the buildings or lands. All the properties that are physically present forms real estate in terms of land and buildings. It includes, vacant land or buildings, commercial real estate, industrial as well as residential real estate.
The corporations does not have a comparative advantage when they invest in the real estate by a means of the diversification from its core business. This is because the organizations do not hold the real estate in the large number of the geographical area. They also do not hold a number of different types of the properties. Therefore, they do not tend to diversify from their real estate holdings as the large institutional investor who hold a more diversified and a larger portfolio.
a report must be sent promptly to FINRA if a registered employee of a member firm for all of the following EXCEPT: A has violated the Securities Acts B is the subject of a written customer complaint alleging theft C is suspended or expelled by another Self Regulatory Organization D is ticketed for careless driving
Answer:
D
is ticketed for careless driving
Explanation:
FINRA Rule 4530 says one can report
each member of the firm promptly to FINRA, within 30 calendar days,
Interest can be regarded as the Group of answer choices payment to entrepreneurs for incurring risk in the production of new goods. return earned by capital as an input in the production process.
Answer:
return earned by capital as an input in the production process.
Explanation:
The interest means the return that is earned by the capiatl which represent as an input for the process of the production. Also it shows the reward for the capital purpose as the factor of production like land, labor, capital, etc
So, as per the given situation, the last option should be correct and the same is to be considered
Therefore the other options seems incorrect
stock a has an expected return of 20 and stock b has an expected return of 5. what is the expected return on a portfolio this comprised of 67^ of stock a and 33% stoc k b
Answer:
15.05%
Explanation:
Calculation to determine the expected return on a portfolio
Using this formula
Expected return = (Return on stock A * Percentage invested in stock A) + ( Return on Stock B * Percentage invested in Stock B)
Let plug in the formula
Expected return= (20% * 67%) + (5% * 33%)
Expected return= 13.4% + 1.65%
Expected return= 15.05%
Therefore the expected return on a portfolio is 15.05%
Assume that the reserve requirement is 5 percent. All other things being equal, will the money supply expand more if the Fed buys $2,000 worth of bonds or if someone deposits in a bank $2,000 that she had been hiding in her cookie jar? If one creates more, how much more does it create? Support your thinking.
Answer: See explanation
Explanation:
Based on the information given in the question, the reserve ratio is given as 5%, then the money multiplier will be:
= 1 / reserve requirement
= 1/5%
= 1 / 0.05
= 20.
Therefore, the money multiplier will increase by 20.
Then, the Money supply will be calculated as:
= amount x money multiplier
= 2000 x 20
= 40000
Therefore, the increase in the money supply will be $40000.
In this case, if the FED purchases $2000 worth of bonds, it'll expand the money supply more.