The relationships between the dependent variables and the independent variables used in causal forecasting methods are described by two measures. What following best describes these measures?

Answers

Answer 1

Answer:

Coefficient of Chaos and Coefficient of Exponential smoothing.

Explanation:

Coefficient of exponential smoothing is the measure to smoothly run the timeseries data without using moving average data. It helps the identification of relationship between dependent and independent variables. It is same as regression model technique which determines the extent of dependence of the two variables.


Related Questions

Please answer the question posted in the attached image

Answers

Answer:

80

Explanation:

Years = 20

Compounding month = 4 (quarterly)

N is the number of compounding factors = 20 years * 4 periods per year = 80. So, the value of n in the F/A factor (for determining F/A factor the end of the 20 year period) is 80.

Weighted-average method, spoilage, equivalent units. (CMA, adapted)
Consider the following data for November 2017 from MacLean Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value MacLean Manufacturing Company uses the weighted-average method of process costing
Physical Units Direct Materials
Pennants
Work in process, November 1 1,350 $ 966
Started in November 2017 ?
Good units completed and transferred 8,800
out during November 2017
Normal spoilage 80
Abnormal spoilage 50
Work in process, November 30 1700
Total costs added during November 2017 $10,302
aDegree of completion: direct materials, 100%, conversion costs, 45%
bDegree of completion: direct materials, 100%, conversion costs, 35%
Compute equivalent units for direct materials and conversion costs.

Answers

Answer:

Equivalent Units: Materials =  10630  

Equivalent Units :   Conversion  =    9525    

Explanation:

MacLean Manufacturing Company

Weighted-Average Method

Process Costing

Particulars       Units        % Of Completion           Equivalent Units

                                       Materials  Conversion       Materials  Conversion

Units completed

and transferred   8,800      100        100                8800           8800

Add

Ending Inventory  1700        100         35               1700            595

Normal Spoilage   80            100      100              80                 80

Abnormal Spoilage  50          100      100             50                50          

Equivalent Units                                                    10630        9525        

The weighted average method equivalent unit production implies that the units completed and the ending inventory completed plus any spoilage normal or abnormal is taken is accounted for.

The weighted average method EUP can also be determined by adding the beginning units and units started

The normal and abnormal spoilage are taken 100 % because all the spoilage is evident once the goods are completed.

A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter
Required:
1. Calculate the estimated cost of workers' compensation insurance for the year.
2. Show the journal entry for the first quarterly payment on January 2, 20.
3
a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.
b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment needed on December 31, 20--. The actual payment of the additional insurance premium will not take place until January of the following year.

Answers

Answer:

Following are the responses to the given choice:

Explanation:

Please find the solution in the attached file.

In a competitive market with a linear upward-sloping supply curve and a linear downward-sloping demand curve, the government imposes a $10 tax per unit bought and sold. The tax causes the equilibrium quantity to fall from 89 units to 77 units. The deadweight :_______

Answers

Answer:

$105

Explanation:

Missing word "The deadweight loss of this tax is...?"

Change in price = $10

Original quantity = 89 units

New quantity = 77 unit

Change in quantity= 89 units-77 units = 12 units

Dead-weight loss = 1/2 * Change in price * Change in quantity

Dead-weight loss = 1/2 * $10 * $21

Dead-weight loss = $105

Therefore, the dead-weight loss of this tax is $105.

The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,630. The year end is March 31.
Journalize the March 31 adjusting entry required under each of the following alternatives for determining the amount of the adjustment: (a) the amount of insurance expired during the year is $15,300; (b) the amount of unexpired insurance applicable to future periods is $3,330. Refer to the Chart of Accounts for exact wording of account titles.
CHART OF ACCOUNTS
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Prepaid Insurance
15 Land
16 Equipment
17 Accumulated Depreciation-Equipment
19 Accumulated Depreciation-Automobiles
LIABILITIES
21 Accounts Payable
22 Unearned Fees
23 Salaries Payable
24 Taxes Payable
EQUITY
31 John Doe, Capital
32 John Doe, Drawing
REVENUE
41 Fees Earned
EXPENSES
51 Advertising Expense
52 Insurance Expense
53 Rent Expense
54 Salary Expense
55 Supplies Expense
56 Utilities Expense
57 Depreciation Expense
59 Miscellaneous Expense
Journalize the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $8,750. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Answer:

A. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

C. Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

Explanation:

A. Preparation of the March 31 adjusting entry required when the amount of insurance expired during the year is $15,300

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $3,330

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance $5,300.00

($18,630-$3,330)

C.Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $8,750

Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

($18,630-$8,750)

Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a year-round private middle school. Her gross pay is $39600 a year, or $3300 a month. After taxes, health insurance, and other paycheck deductions, her net pay is $35900 a year. Based on recommended guidelines, how much money should Betty be saving each month

Answers

Answer:

Based on recommended guidelines, Betty should be saving at least $598.33 each month.

Explanation:

a) Data and Calculations:

Gross pay per year = $39,600

Gross pay per month = $3,300 ($39,600/12)

Net pay per year after deductions = $35,900

Total deductions for taxes, health insurance, etc. = $3,700 ($39,600 - $35,900)

Net pay per month after deductions = $2,992 ($35,900/12)

b) Based on the 50-30-20 budgeting method of spending 50% income on essentials, saving 20%, and leaving 30% for discretionary purchases, Betty should be saving at least $598.33 per month ($2,992 * 20%).

Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 Sales returns 30,000 Accounts receivable (December 31, 2017) 170,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Lynx Corp. If Lynx Corp. uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debts expense for 2017

Answers

Answer:

Allowance for Doubtful Accounts 69,000

Explanation:

If the company estimates its bad debt to be 2% of net credit sales:

sales                        2,500,000

return and allowance (50,000)

               net sales 2,450,000

Then, we calculate 2% of this amount:

2,450,000 x 0.02 = 49,000

As the uncollectible amounts are related to sales rather than account receivable we adjust for the full value giving an ending value of:

beginning 20,000 + adjustment 49,000 = 69,000

Supply chain management:is based on the concept of just-in-timefocuses on removing scheduling bottlenecks within the companyfocuses on the internal routing of products from raw materials to finished goodsis a complex computerized system for managing resources efficientlyis accurately described by none of the above

Answers

Answer:

is based on the concept of just-in-time.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.

Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services from the manufacturers to the consumers.

Additionally, all businesses tend to use supply chain management to eliminate waste and maximize value for growth and development.

Hence, supply chain management is based on the concept of just-in-time (JIT) because it is a management framework that is focused on cutting manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.

Martinson Inc. manufactures industrial-sized landscaping trailers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 40,000 units Budgeted machine-hours 10,000 hours Budgeted variable manufacturing overhead costs for 40,000 units $310,000 Actual output units produced 36,500 units Actual machine-hours used 14,600 hours Actual variable manufacturing overhead costs $350,400 What is the budgeted variable overhead cost rate per output unit

Answers

Answer:

Overhead rate per unit= $124

Explanation:

Giving the following information:

Budgeted output units 40,000 units

Budgeted machine-hours 10,000 hours

Budgeted variable manufacturing overhead costs for 40,000 units $310,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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

Predetermined manufacturing overhead rate= 310,000 / 10,000

Predetermined manufacturing overhead rate= $31 per machine hour

Now, for each unit:

Machine hours per unit= 40,000/10,000= 4

Overhead rate per unit= 31*4

Overhead rate per unit= $124

At market interest rate level of 2%, a ten-year and a 30-year bond ( both with 8% coupon rates and semiannual payment ) are selling at the prices $1,541.37 and $2,348.65, respectively. If you expected that interest rate will jump to 10% from the current level, which bond is risker and which bond is more profitable if interest rate drop significantly

Answers

Answer:

30 year Bond ,  30 year Bond

Explanation:

Market interest rate = 2%

Coupon rates for both ten-year bond and 30-year coupon bound = 8%

semi-annual payments : $1541.37 , $2348.65  respectively

Determine which bond is riskier

Assuming interest rate rise to 10%

Given that both both bonds have the same Coupon rate but the semiannually payments are different ( i.e. Ten year bond = $1541.37 , 30-year Bond = $2348.65 )

The riskier Bond will be the Riskier Bond , The more profitable Bond if the interest rate drop drastically will be 30 year Bond as well

Nov. 5 Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10, n/60; the invoice is dated November 5.
Nov. 7 Returned 25 defective units from the November 5 purchase and received full credit.
Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7.

Required:
Prepare the journal entries to record each of the above purchases transactions of a merchandising company.

Answers

Answer:

Journal Entries:

Nov. 5: Debit Inventory $6,000

Credit Accounts payable $6,000

To record the purchase of 600 units of a product at a cost of $10 per unit.

Terms of the sale are 2/10, n/60

Nov. 7: Debit Accounts payable $250

Credit Inventory $250

To record the return of 25 defective units.

Nov. 15: Debit Accounts payable $5,750

Credit Cash Discounts $115

Credit Cash $5,635

To record the payment for the purchase.

Explanation:

a) Data and Analysis:

Nov. 5: Inventory $6,000 Accounts payable $6,000

Terms of the sale are 2/10, n/60; the invoice is dated November 5.

Nov. 7: Accounts payable $250 Inventory $250

Nov. 15: Accounts payable $5,750 Cash Discounts $115 Cash $5,635

Select the correct revenue recognition principle for each of the following. Clear All Recognize revenue over the passage of time. Recognize revenue when the customer takes possession of the product. Recognize revenue when cash is collected. Recognize revenue when service is performed.

Answers

Answer:

Recognize revenue when service is performed.

Explanation:

Revenue recognition principle is an accounting principle which states that revenue should only be recognized when it is earned(when service has been rendered or completed) and not when cash is being collected.

What the above means is that revenue can only be earned when services are completed or rendered and not necessarily when payment is made. The reason is that payment may not be made for several weeks even after service has been rendered hence the principle or concept is incorporated into the accrual basis of accounting.

Pug Corporation has 11,000 shares of $10 par common stock outstanding and 21,000 shares of $100 par, 5% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $165,000 dividend will be paid. What are the dividends per share for preferred and common, respectively

Answers

Answer:

the dividends per share for preferred and common is $5 and $5.45 respectively

Explanation:

The computation of the dividend per share for both stocks is as follows:

For preference one

= 5% of $100

= $5

And, for common one

= ($165,000 - (21,000 × 100 × 5%)) ÷ (11,000 shares)

= $5.45

hence, the dividends per share for preferred and common is $5 and $5.45 respectively

Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 320 units and of Product B is 640 units. There are three activity cost pools, with total cost and activity as follows:

Total Activity
Activity Cost Pools Total Cost Product A Product B Total
Activity 1 $25,530 950 200 1,150
Activity 2 $40,140 2,000 1,600 3,600
Activity 3 $10,649 150 250 400

The activity rate for Activity 2 is closest to:

a. 11.15
b. 20.07
c. 25.09
d. 42.25

Answers

Answer:

Activity 2= $11.15

Explanation:

Giving the following information:

Total Activity Activity Cost Pools Total Cost Product A Product B Total

Activity 2 $40,140 2,000 1,600 3,600

To calculate the activity rate for Activity 2, we need to use the following formula:

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

Activity 2= 40,140 / 3,600

Activity 2= $11.15

Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through
50. Treat each question independent of the other questions - so your answer to question 46 should not be influenced by the
answer to question 45, and so on:
Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . . $100,000
Contributed Capital in excess of par value, Preferred Stock . . 250,000
Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . .450,000
Total Contributed Capital . . . . . . . . . . . . $ 850,000
Retained Earnings . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000
45. The average issue price per share of preferred stock must have been:
A) $20.00
B) $50.00
C) $70.00
D) $35.00
E) $45.00
46. Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006?
A) Preferred $20,000, Common $0
B) Preferred $8,000, Common $12,000
C) Preferred $18,000, Common $2,000
D) Preferred $14,000, Common $6,000
E) Preferred $12,000, Common $8,000
47. Marcy Company issues 2,000 shares of common stock in exchange for a building, with a market value of $100,000.
The journal entry to record the exchange will cause Total Contributed Capital to:________
A) increase by $10,000
B) increase by $100,000
C) increase by $90,000
D) increase by $80,000
E) remain unchanged
48. Marcy Company declared and issued a 15% common stock dividend on January 1, 2005, when the market price of their common stock was $12 per share. The journal entry to record the stock dividend will:_____________
A) debit Retained Earnings by $18,000.
B) credit Common Stock Dividend Distributable, $15,000
C) credit Contributed Capital in excess of par, Common Stock, $21,000
D) credit Common Stock Dividend Distributable, $10,500
E) credit Contributed Capital in excess of par, Common Stock, $7,500
49. Marcy Company declared a 100% common stock dividend on January 1, 2005, when the market price of the stock was $7.50. The entry to record this dividend will:_________
A) debit Retained Earnings,$100,000
B) credit Common Stock Dividend Distributable,$50,000
C) credit Contributed Capital in excess of par, Common Stock, $25,000
D) credit Common Stock Dividend Distributable, $100,000
E) Since this is considered a stock split, no journal entry is made
50. On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600 of these shares for $25 per share, and on March 1, 2005, they sold the remaining 400 shares for
$15 per share. The journal entry required on March 1 will include:_______
A) credit Contributed Capital, Treasury Stock, $1,800
B) debit Retained Earnings for $1,800
C) debit Retained Earnings for $2,800
D) debit Contributed Capital, Treasury Stock, $2,800
E) debit Contributed Capital, Treasury Stock, $1,80040.

Answers

Answer:

Marcy Company

45. The average issue price per share of preferred stock must have been:

C) $70.00

46. The dividends paid to preferred and common stockholders in 2006 are:

B) Preferred $8,000, Common $12,000

47. The journal entry to record the exchange will cause Total Contributed Capital to:________

C) increase by $90,000

48. The journal entry to record the stock dividend will:_____________

A) debit Retained Earnings by $18,000.

49. The entry to record this dividend will:_________

B) credit Common Stock Dividend Distributable,$50,000

C) credit Contributed Capital in excess of par, Common Stock, $25,000

50. The journal entry required on March 1 will include:

Debit Cash $6,000

Credit Treasury stock $2,000

Credit Contributed Capital in excess of par value $4,000

Explanation:

a) Data and Calculations:

Preferred Stock:

6% cumulative, $20 par value, 10,000 shares authorized,

5,000 shares issued and outstanding . . $100,000

Contributed Capital in excess of par value, Preferred Stock . . 250,000

Common Stock:

$5 par value, 20,000 shares authorized,

10,000 shares issued and outstanding. . . . . . . . . . 50,000

Contributed Capital in excess of par value, Common Stock . .450,000

Total Contributed Capital . . . . . . . . . . . . $ 850,000

Retained Earnings . . . . . . . . . . . . . . . . . 150,000

Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000

Average issue price per share of preferred stock = $70 ($100,000 + $250,000)/5,000

                                              2005           2006

Total dividends declared    $4,000     $20,000

Preferred dividend                6,000         6,000

Cumulative dividend           -2,000          2,000

Common stock dividend      $0           $12,000

Journal Entry:

Debit Building $100,000

Credit Common stock $10,000

APIC - common stock $90,000

January 1, 2005: Treasury stock $5,000 Contributed Capital in excess of par value $17,000 Cash $22,000

February 1, 2005: Cash $15,000 Treasury stock $3,000 Contributed Capital in excess of par value $12,000

March 1, 2005: Cash $6,000 Treasury stock $2,000 Contributed Capital in excess of par value $4,000

The costs and revenues associated with two alternatives are listed below: Alternative 1 Alternative 2 Projected revenue $ 100,000 $ 125,000 Unit-level costs 20,000 30,000 Batch-level costs 20,000 25,000 Product-level costs 15,000 15,000 Facility-level costs 10,000 10,000 Which alternative should be selected based on this information

Answers

Answer:

Alternative 2

Explanation:

Calculation to determine Which alternative should be selected based on this information

Item Alt. 1 Alt. 2

Alt. 1 Alt. 2

Projected revenue $100,000 $125,000

Unit-level costs (20,000) (30,000)

Batch-level costs (20,000) (25,000)

Product-level costs (15,000) (15,000)

Facility-level costs (10,000) (10,000)

Profit $ 35,000 $ 45,000

Thereforer Based on the above calculation the alternative that should be selected based on this information will be ALTERNATIVE 2 because it has a higher profit of the amount of $45,000

The following information relates to the Stockton Company:Paid note payable$ 150Bought equipment260Depreciation expense500Net income6,000Paid dividends500Issued bonds payable1,100Issued common stock900Sold land2,400What is the net cash provided by financing activities

Answers

Answer:

$1,350

Explanation:

Financing Activities are those activities that involve raising capital or debt as well as repayment to holders of such instruments.

Cash flow from financing activities :

Paid note payable                                                ($150)

Paid dividends                                                     ($500)

Issued bonds payable                                         $1,100

Issued common stock                                          $900

Net cash provided by financing activities         $1,350

therefore,

the net cash provided by financing activities is $1,350

Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May I, an additional 9,000 shares of common stock were issued. On July I, 6,000 shares of common stock were acquired for the treasury. On September I, the 6,000 treasury shares of common stock were issued. The preferred stock has a $4 per-share dividend rate, and each share may be converted into two shares of common stock. Soliman Corporation's 2018 net income is $230,000.

Required:
a. Compute earnings per share for 2018.
b. Compute diluted earnings per share for 2018.

Answers

Answer and Explanation:

The computation of the earning per share and the diluted earning per share is as follows;

a. The earning per share is

= (Net income - Preferred dividend) ÷ outstanding shares  

= ($230,000 - (5,000 × $4)) ÷ 30,000 shares

= $210,000 ÷ 30,000 shares

= $7 per share

b. The diluted earning per share is

= Earnings ÷ outstanding shares

= $230,000 ÷ (30,000 + (5,000 × 2)

= $5.75 per share

The 30,000 shares come from

Period            Outstanding shares      Fraction          outstanding shares

1-Jan-18 to 30-Apr-18 25000                 4 ÷12               8333.33

1-May-18 to 30-Jun-18 34000                 2÷ 12              5666.67

1-Jul-18 to 31-Aug-18    28000                 2 ÷ 12             4666.67

1-Sep-18 to 31-Dec-18  34000                  4 ÷ 12                11333.33

Weighted average outstanding shares                           30000

To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. Their form of business organization is

Answers

Answer:

a limited liability company.

Explanation:

From the question we are informed about To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. In this case, Their form of business organization is limited liability company.limited liability company can be regarded as business structure in which owners are not personally liable as regards to debts or liabilities of the company.It is hybrid entities with features of corporation and partnership as well as sole proprietorship.

Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the perfectly competitive outcome. competitive firm, but self-interest often drives them closer to the duopoly outcome. monopoly, but self-interest often drives them to charge a higher price than would be charged by a monopoly. monopoly, but self-interest often drives them closer to the perfectly competitive outcome.

Answers

Answer:

monopoly, but self-interest often drives them closer to the perfectly competitive outcome.

Explanation:

In the given situation, the oligopoly tried to act like the monopoly via collusion but at the same time they would tend to cheat that drives the profit and the price per unit is less also it acted as the competitive firm

so here the self-interest would also be drives them near to the perfectly competitive result

hence, the above represent the answer

Oligopolies would like to act like a monopoly, but self-interest often drives them closer to the perfectly competitive outcome. The correct option is d.

Oligopolies are a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms.

A monopoly is a market with only one producer, a duopoly has two firms, and an oligopoly consists of two or more firms. There is no precise upper limit to the number of firms in an oligopoly, but the number must be low enough that the actions of one firm significantly influence the others.

Learn more about oligopolies, here:

https://brainly.com/question/28317513

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stock co uses a job costing system the following debts appeared in stock work in process account for the month of april balance 4300 direct materials 26,4000 rate of 80% direct labor of 2300 what was the amount og direct materials charged to job no 5

Answers

Answer:

See below

Explanation:

The above information is incomplete. Concluding part from similar question is seen below.

Direct labor $16,000

Factory overhead $12,800

To finished goods ($48,000)

Therefore, the amount of direct materials charged to job is computed as;

= Balance + Direct materials + Direct labor + Factory overhead - Finished goods

= $4,300 + $26,400 + $16,000 + $12,800 - $48,000

= $11,500

The next step is to deduct the job Still in work in process charged with direct labor.

= $11,500 - $2,300

= $9,200

Hence, the amount of direct materials charged to job no 5 is $9,200

On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 5,694,713 1 213,000 227,789 14,789 5,709,502 2 213,000 228,380 15,380 5,724,882 3 213,000 228,995 15,995 5,740,877 4 213,000 229,635 16,635 5,757,512 5 213,000 230,300 17,300 5,774,812 6 213,000 230,992 17,992 5,792,804 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 213,000 276,119 63,119 6,966,089 39 213,000 278,644 65,644 7,031,733 40 213,000 281,267 68,267 7,100,000 Required: 1. What is the face amount of the bonds

Answers

Answer:

1. $7,100,000

2. $5,694,713

3. 20 years

4. Effective interest method

5. 6%

6. 8%

7. $8,520,000

8. $9,925,287

Explanation:

1. Based on the information given the FACE AMOUNT of the bonds will be the Ending outstanding balance of $7,100,000

Therefore the face amount of the bonds is $7,100,000

2. Based on the information given the INITIAL SELLING PRICE of the bonds will be the beginning Outstanding balance of $5,694,713

Therefore Initial Selling Price of the bonds is $5,694,713

3. Calculation to determine the term to maturity in years

Term to maturity=40 years/2 (Semi annually)

Term to maturity=20 years

Therefore the term to maturity in years is 40 years

4. Interest is determined by EFFECTIVE INTEREST METHOD approach

5. Calculation to determine the stated annual interest rate

Annual interest rate=$213,000/$7,100,000*2

Annual interest rate=6%

Therefore the stated annual interest rate is 6%

6. Calculation to determine effective annual interest rate

Effective Annual interest rate=$227,789/$5,694,713*2

Effective Annual interest rate=8%

Therefore effective annual interest rate is 8%

7. Calculation to determine the total cash interest paid over the term to maturity

Total cash interest paid=$213,000*40

Total cash interest paid=$8,520,000

Therefore the total cash interest paid over the term to maturity is $8,520,000

8. Calculation to determine the total effective interest expense recorded over the term to maturity

Effective interest expense=$8,520,000+($7,100,000-$5,694,713)

Effective interest expense=$8,520,000+$1,405,287

Effective interest expense=$9,925,287

Therefore the total effective interest expense recorded over the term to maturity is $9,925,287

We have a $500,000 line of credit with a 10% compensating balance. The quoted interest rate is 4.5%. We need $200,000 for inventory for one year. What is the effective interest rate we are paying on this credit line

Answers

Answer:

5.0%

Explanation:

Calculation to determine the effective interest rate we are paying on this credit line

First step is to calculate cost of inventory we need

Inventory=$200,000/(1 - 0.10)

Inventory=$222,222

Second step is to calculate Interest paid

Interest paid = $222,222(.045)

Interest paid= $9,999.99

Interest paid=$10,000 (Approximately)

Now let calculate the Effective rate

Effective rate =$10,000/$200,000

Effective rate= 0.05*100

Effective rate=5.0%

Therefore the effective interest rate we are paying on this credit line is 5.0%

A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: Instructions: Enter your responses rounded to one decimal place. a. The instant before it pays out current profits as dividends. $ million b. The instant after it pays out current profits as dividends. $ million

Answers

Answer:

A. $21,200,000

B. $20,800,000

Explanation:

A. Calculation to determine The instant before it pays out current profits as dividends

Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.06)]÷0.02

Value of the firm= $424,000 ÷ 0.02

Value of the firm= $21,200,000

Therefore The instant before it pays out current profits as dividends will be $21,200,000

B. Calculation to determine The instant after it pays out current profits as dividends

Using this formula

Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)

Value of the firm= $416,000 ÷ 0.02

Value of the firm= $20,800,000

Therefore The instant after it pays out current profits as dividends will be $20,800,000

Fed up with her working conditions at the university, Juanita decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?

a. Her forecasts will probably be 100% accurate.
b. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
d. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.

Answers

Answer:

Juanita

The correct statement about her forecasts is:

c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.

Explanation:

Since she has produced limited quantities of her own clothing designs, Juanita is in a better position to determine the demand for each style of skirt that she had produced.  This knowledge, which she acquired after a few months of operation, coupled with the forecasting techniques she had mastered in school, will enable her to make a demand forecast for her particular designs than she can make for all design types of skirts.

In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). Also, the design provided the following information.
SSTR = 300 (Sum of Squares Due to Treatments)
SST = 800 (Total Sum of Squares)
​1. The number of degrees of freedom corresponding to within-treatments is:___________.
a. 5.
b. 59.
c. 4.
d. 60.
2. The mean square due to error (MSE) is:_________.
a. 200.
b. 500.
c. 8.3.
d. 75.
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis:________.
a. should be rejected.
b. should not be rejected.
c. was designed incorrectly.
d. cannot be tested.
4. The mean square due to treatments (MSTR) equals:_______.
a. 500.
b. 400.
c. 1350.
d. 1687.5.

Answers

1. The number of degrees of freedom corresponding to within-treatments is: 60. Option D

2. The mean square due to error (MSE) is: 8.3. Option C

3.  The null hypothesis is to be tested at the 5% level of significance. The null hypothesis should be rejected. Option A

4. MSTR is 75

How to solve for the degree of freedom

Df = n - k

n = total observation

k = treatment

Df = 65 - 5

= 60

The mean square error is given as

MSE = SSE / DF

= 800 - 300 / 60

500 / 60

= 8.3

3) From the use of technology, the value of the P Value is given as 0.0000 the p value is less than the significance level. We have to reject the null.

4. The MSTR is given as 75. SSTR / DF

Read more on degrees of freedom here:https://brainly.com/question/28527491

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Creating a Budget
Before you can make a spending plan that works for your particular situation, you'll need to understand your spending priorities. What must you spend money on, and what items do you simply want? First, make sure you understand the following terms:
budget: a plan for saving and spending
expenditure: the amount of money spent
necessity: an item that a person must have, such as housing, clothing, or food
luxury: an item that offers physical comfort or enjoyment but is not necessary for life and health.
1. Classify each of the following expenditures as a necessity or a luxury. If any item can be considered either a necessity or a luxury, depending on the situation, classify it as either.
Expenditure Necessity Luxury Either
a. Auto insurance
b. Clothing for school
c. Concert tickets
d. Dinner for two at the newest
e. restaurant in town Groceries
f. Music downloads
g. Medical treatment for strep throat
h. Theme park tickets
i. New car
j. Rent
k. School lunches
I. School ski trip
m. Cell phone service
2. For those items that you indicated could be either necessities or luxuries, describe when you would consider them necessities and when you would view them as luxuries.
MAKING A BUDGET
3. Income First, write down your weekly income: $______.
4. Expenditures For one week, keep track of all of your expenditures. At the end of the week, put the totals in the table below.
Weekly Expenditure Current Amount
Clothing $
Debt repayment (monthly payment + 4) $
Entertainment $
Food (including groceries, meals
out, and snacks) $
Rent and utilities (monthly payment = 4) $
Transportation (own car, ridesharing, public
transportation, etc.) $
Personal care items $
Other $
Total Weekly Expenditures $
5. Subtract your total expenditures from your weekly income.
6. Revised budget
At the end of the week, did you have any money left? Or did you spend more than you earned? If you want to make better use of your money, take a look at how you're spending it and decide where you can trim expenditures. You may find that you could be spending your money on something you really want.
Weekly Expenditure New Budget Actual Spending
Clothing $ $
Debt repayment (monthly payment + 4) $ $
Entertainment $ $
Food (including groceries, meals out,
and snacks) $ $
Rent and utilities (monthly payment + 4) $ $
Transportation (own car, ridesharing,
public transportation, etc.) $ $
Personal care items $ $
Other $ $
Total Weekly Expenditures $ $
7. Using your revised budget as a guide, record your income and expenses for another week. How much money were you able to save?

Answers

Answer:

a. Auto insurance - Expenditure

b. Clothing for school - necessity

c. concert tickets - luxury

d. Dinner for two at the newest - luxury

e. Restaurant in town groceries - expenditure

f. music downloads - luxury

g. medical treatment for strep throat - necessity

h. Theme park tickets - luxury

i. New car - luxury

j. Rent - expenditure

K. school lunches - necessity

l. school ski trip - expenditure

m. Cell phone service - necessity

Explanation:

2. Necessity is anything without which survival of a person is not possible. Luxury is anything which adds value to the living standard of a person but survival without such thing is possible.

3. My weekly income is $200

4. Clothing $20

Debt repayment $50

entertainment $30

Food $45

Rent and utilites $25

transportation $10

Personal care items $5

Others $3

total weekly expenditure $188

5. $200 - $188 = $12

6. Yes i have $12 as saving at the end of the week.

A company reported total equity of $157,000 at the beginning of the year. The company reported $222,000 in revenues and $171,000 in expenses for the year. Liabilities at the end of the year totaled $98,000. What are the total assets of the company at the end of the year

Answers

Answer:

$306,000

Explanation:

The computation of the total assets is shown below;

The accounting equation is

Assets = Liabilities + Equity

But before that the ending equity should be determined  

So,

Profit = Revenue - Expenses

= $222,000 - $171,000

= $51,000

Thus, equity at the end of the year is

= $157,000 + $51,000

= $208,000

Now  Assets at the end of the year are,

Assets is

= $208,000 + $98,000

= $306,000

Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. can sell the equipment through a broker for $26,000 less 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is

Answers

Answer:

$11,080

Explanation:

Calculation to determine what The net differential income from the lease alternative is

Using this formula

Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment

Let plug in the formula

Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]

Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)

Equipment leased net differential income=$47,000-$12,000-$23,920

Equipment leased net differential income=$47,000-$35,920

Equipment leased net differential income=$11,080

Therefore The net differential income from the lease alternative is $11,080

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