Answer:
Underapplied overhead = $2,367,040
Explanation:
Predetermined overhead rate = Estimated overhead / Estimated activity
Predetermined overhead rate = $11,415,000 / 180,000
Predetermined overhead rate = $63.42 per MH
Applied overhead = Actual activity * Overhead rate
Applied overhead = 88,000 * $63.42 per MH
Applied overhead = $5,580,960
Overapplied/ (underapplied) = Actual overhead - Applied overhead
Underapplied overhead = $7,948,000 - $5,580,960
Underapplied overhead = $2,367,040
A company making tires for bikes is concerned about the exact width of their cyclocross tires. The company has a lower specification limit of 19.930 mm and an upper specification limit of 20.070 mm. The standard deviation is 0.18 mm and the mean is 20.000 mm. b. The company now wants to reduce its defect probability and run a "six-sigma process." To what level would they have to reduce the standard deviation in the process to meet this target? (Round the answer to 5 decimal places.)
Answer:
Missing word "a. What is the process capability index for the process?"
a. Cpk = Min[USL-μ/3σ, μ-LSL/3σ]
Cpk = Min[(20.070-20)/(3*0.18) ,(20-19.930)/(3*0.18]
Cpk = Min[0.1296, 0.1296]
Hence, process capability index is 0.1296
b. 2 = Min[USL-μ/3σ, μ-LSL/3σ]
2 = Min[(20.070-20)/(3*σ) ,(20-19.930)/(3*σ]
2 = Min[(0.07/3*σ, 0.07/3*σ)]
= Min[0.07/6, 0.07/6]
σ = 0.07/6
σ = 0.0117
Hence, reduced standard deviation level is 0.0117
g Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 27,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 114,000. Units completed and transferred out: 141,000. Ending Inventory: 31,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $45,000. Costs in beginning Work in Process - Conversion: $50,850. Costs incurred in February - Direct Materials: $311,160. Costs incurred in February - Conversion: $601,150. Calculate the cost per equivalent unit of conversion. Group of answer choices $4.76 $3.96 $5.29 $4.34 $5.69
Answer:
Conversion cost per equivalent unit = $4.76
Explanation:
Conversion cost per equivalent unit = Total conversion cost / Equivalent units
Conversion cost is the sum of the direct labour cost and the factory overhead cost.
Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units
Item Unit Equivalent unit
Completed unit 140,000 140000× 100% 140,000
Closing inventory 31,000 31,000× 30% 9,300
Total equivalent unit 149,300
Completed units = opening inventory + units started in the period - closing inventory
Completed units = 27000 + 114,000 - 31,000 = 140,000
The conversion cost = 50,850 + 601,150 = 652,000
conversion cost per equivalent unit = 652,000 /140,000 = 4.65
Conversion cost per equivalent unit = $4.76
recommend two ways in which women and children can be protected from discrimination and violence
Answer:
People always assume woman and children need to be protected from discrimmination, when in reality, they are stronger to deal with it themselves. For examole, of they become activists and speak up for themselves, they would control the flow of discrimmination, and the children can be more edcated on what discrimmination is, and understand how to come to terms with their identitity without being silenced and viewed as weak
Explanation:
Answer: 1. Women/children could stand up for themselves
2. We are all created equal, we all deserve the same respect as anyone else. Woman, child, man, everyone should be treated as an equal
Explanation:
— I’m in 6th grade P.S.
:)
Apartments is a ​-unit apartment complex. When the apartments are​ 90% occupied, monthly operating costs total $220,040. When occupancy dips to​ 80%, monthly operating costs fall to $215,480. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 55​% if residents lose their jobs and move away. Assuming the same relevant​ range, what can the owner expect her operating costs to be if occupancy falls to ​55%?
Answer:
Missing word "Use the high-low method to determine operating cost equation y=$_____, x + $ = ____"
Cost on (800*90%)=720 units is 220,040
Cost on (800*80%) = 640 Units is 215,480
Variable cost per unit = Changes in total cost/High activity-low activity = 4560 / 80 = $57 per unit
Fixed cost = Total cost - Variable cost = 220,040 - (720*$57) = 220,040 - 41,040 = $179000
Cost equation:
Total cost = Fixed cost + Variable cost per unit
Y = 179000 + 57X
Y = 179000 + (57*440)
Y = $204,080
You just received a bonus at your job of $4,000 which you decide to put in a savings account at the local bank. Assume that banks lend out all excess reserves and there are no leaks in the banking system. That is, all money lent by banks get deposited in the banking system. Round your answers to the nearest dollar.The reserve requirement is 18%, how much will your deposit increase the total value of checkable deposits?If the reserve requirement is 7%, how much will your deposit increase the total value of checkable deposits?Decreasing the reserve requirement _____ the money supply.a. Decreasesb. Increases
Answer:
$22,222.22
$57,142.86
INCREASES
Explanation:
Reserve requirement is the portion of deposit received by banks that the central bank requires to be kept as deposit.
If $4000 is deposited and reserve requirement is 18%
reserves would increase by $4000 x 0.18 = 4720
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited / reserve requirement
$4000 / 0.18 = $22,222.22
$4000 / 0.07 = $57,142.86
It can be seen that the higher the reserve requirement, the lower the increase in the total value of checkable deposit
The market interest rate of a bond is: Multiple Choice An implied rate based on the price investors pay to purchase a bond in return for the right to receive the face amount at maturity and periodic interest payments over the remaining life of the bond. A government-issued rate based on general economic conditions. The rate specified in the bond contract used to calculate the cash payments for interest. The amount of principal to be returned to the bondholder at the maturity date.
Answer:
a. An implied rate based on the price investors pay to purchase a bond in return for the right to receive the face amount at maturity and periodic interest payments over the remaining life of the bond.
Explanation:
The market interest rate of a bond is an implied rate based on the price investors pay to purchase a bond in return for the right to receive the face amount at maturity and periodic interest payments over the remaining life of the bond.The market interest rate of bond are specified in the bond contract, of which the ultimate purpose is to calculate cash payments.
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.
a. True
b. False
Answer:
A) true
Explanation:
Compound interest can be regarded as
adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in
next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.
JRJ Corporation issued 10-year bonds at a price of $1,000. These bonds pay $60 interest every six months. Their price has remained the same since they were issued; that is, the bonds still sell for $1,000. Due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 10 years and a par value of $1,000 and pay $40 interest every six months. If both bonds have the same yield, how many new bonds must JRJ issue to raise additional capital of $2 million
Answer:
JRJ must issue 2,596 bonds to raise additional capital of $2 million.
Explanation:
From the question, we have the following:
Amount needed to be raised = $2 million = $2,000,000
Coupon rate = 8.0%, or 0.08
FV = Face value = 1000
Year to maturity = 10
NPER = Number of period = Year to maturity * Number of semiannuals in a year = 10 * 2 = 20
PMT = (FV * Coupon rate) / Number of semiannuals in a year =(1000 * 0.08) / 2 = 40
Rate = Semiannual interest / FV = $60 / $1000 = 0.06
The net proceeds can be calculated using the following excel function:
Net proceed = PV(rate, NPER, -PMT, -FV) ........... (1)
Substituting all the relevant value into equation (1), we have:
Net proceed = PV(6%, 20, -40, -1000)
Inputing =PV(6%, 20, -40, -1000) in any cell in excel sheet (Note: as done in the attached excel file), we have:
Net proceed = $770.60
Therefore, we have:
Number of bonds that must be raised = Amount needed to be raised / Net proceed = $2,000,000 / $770.60 = 2,596
Bob lives in San Diego and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this boat business, he can work as a financial advisor, receive an annual salary of $50,000 with no additional monetary costs, and rent out his showroom at the $15,000 per year rate. No other costs are incurred in running this boat business.
Identify each of Charles's costs in the following table as either an implicit cost or an explicit cost of selling guitars.
a. The wages and utility bills that Charles pays
b. The wholesale cost for the guitars that Charles pays the manufacturer
c. The rental income Charles could receive if he chose to rent out his showroom
d. The salary Charles could earn if he worked as a financial advisor
Answer:
Explanation:
Explicit Costs refers to costs that involve an immediate outlay of cash from the business and it is recorded and reported to the management.
Implicit Cost refer to the cost which the company had foregone while employing the alternative course of action and is neither recorded nor reported to the management of the company.
a. The wages and utility bills that Charles pays
Identification: Explicit Cost
b. The wholesale cost for the guitars that Charles pays the manufacturer
Identification: Explicit Cost
c. The rental income Charles could receive if he chose to rent out his showroom
Identification: Implicit Cost
d. The salary Charles could earn if he worked as a financial advisor
Identification: Implicit Cost
[The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2021. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a perpetual inventory system. Required: 1. Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the gross method of accounting for purchase discounts. 2. Prepare the journal entry for the payment, assuming instead that it was made on December 15, 2021.
Answer:
1A. November 17
Dr Purchases 35,000
Cr Accounts payable 35,000
1B. November 26
Dr Accounts payable 35,000
Cr Purchase discounts 700
Cr Cash 34,300
2. December 15, 2021
Dr Accounts payable 35,000
Cr Cash 35,000
Explanation:
1A Preparation of the journal entries to record the (a) purchase by Thomas on November 17
November 17
Dr Purchases 35,000
Cr Accounts payable 35,000
[(100*$500)-(100*500*30%)]
=50,000-15,000
=35,000
B.Preparation of the journal entries to record the purchase by Thomas on November 26
November 26
Dr Accounts payable 35,000
Cr Purchase discounts 700
(2%*35,000)
Cr Cash 34,300
(35,000-700)
2. Preparation of the journal entry for the payment, assuming instead that it was made on December 15, 2021.
December 15, 2021
Dr Accounts payable 35,000
Cr Cash 35,000
[(100*$500)-(100*500*30%)]
Conifer Craft is a furniture firm that specializes in creating customized furniture for the commercial market. The firm has recently acquired a large amount of funds from investors and is looking to diversify by introducing customized products for the industrial market. The firm has completed a complete situation analysis for the purpose and the results are favorable. According to the market segmentation process model, the firm must next:_________
Answer:
implement a portfolio strategy
Explanation:
According to information regarding the company Conifer Craft, it is possible to identify that the company is diversifying its portfolio by launching customized products for the industrial market. Therefore, after this market segmentation process, it is recommended that the company develops and implements a portfolio strategy, which aims to reduce the aggregate risks of the diversification of new product lines, improving the decision-making process, identifying the potential for value of each product line according to a strategic vision, so that the company remains competitive and well positioned in the market.
When a firm adopts a just-in-time operating environment,
1) new more efficient machinery and equipment must be purchased and installed in the original layout.
2) machinery and equipment are moved into small autonomous production lines called manufacturing cells.
3) new machinery and equipment must be purchased from franchised JIT dealers.
4) employees are trained on different equipment but the plant layout generally stays unchanged.
Answer:
2) machinery and equipment are moved into small autonomous production lines called manufacturing cells.
Explanation:
It should be noted that when a firm adopts a just-in-time operating environment,machinery and equipment are moved into small autonomous production lines called manufacturing cells.
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information conserning the buses is summarized as follow.
Bus Acquired cost salvage Value Useful Life in Years Depreciation Method
1 1/1/12 $99,100 $7,900 4 Strait-line
2 1/1/12 128,000 11,000 4 Declining- balance
3 1/1/13 66,350 8,800 5 Unit-of-activity
For the declining -balance method, the company uses the double-declining rate. for the units-of-activity method, total miles are expected to be 115,100. Actual miles of use in the first 3 years were: 2013, 23,400; 2014, 32,700; and 2015, 31,900. For Bus #3, calculate depreciation expense per mile under units-of-activity method.(Round answer to 2 decimal places,e.g.$0.50.).
Compute the amount of accumulated depreciation on each bus at December 31, 2014 (Round answers to 0 decimal places, e.g. $2,125.).
2014
BUS 1 $
BUS 2 $
BUS3 $
If bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2012 and 2013? (Round answers to 0 decimal places, e.g.$2,125.).
2012 2013
Depreciation expense $ $
Answer:
1. For Bus #3, calculate depreciation expense per mile under units-of-activity method
Depreciation expense per mile = ((Cost of bus - Salvage value) / Total miles)
= ($66,350 - $8,800) / 115,100 miles
= $0.5 per mile
The depreciation expense per mile is $0.5 per mile.
2. BUS 1
Depreciation for 1 year = (Cost of assets - Residual value) / Useful life
= $99,100−$7,900 / 4 years
= $22,800
Accumulated depreciation = Depreciation for 1 year * 3 years (from 2012 to 2014)
= $22,800 * 3 years
= $68,400
BUS 2
Depreciation rate = (1/4 *100)*2 = 50%
Years Annual Depreciation Accum. depreciation
2012 $64,000(128,000*50%) $64,000
2013 $32,000(128,000-64,000)*50% $96,000
2014 $16,000(128,000-64,000-32,000)*50% $112,000
BUS 3
Accumulated depreciation = Depreciation expense per mile * Total miles of 2013 and 2014
= $0.50 * (23,400 miles +32,700 miles)
= $0.50 * 56,100 miles
= $28,050
3. Depreciation rate = (1/4 *100)*2 = 50%
Years Depreciation Calculation
2012 $48,000 128,000*50%*9/12
2013 $40,000 128,000-40,000*50%
So, the depreciation expense for Bus 2 for 2012 and 2013 is $48,000 and $40,000
Answer 1:
The depreciation expense per mile under units of activity method of Bus=3 :
Depreciation Expense per mile = ((Cost of bus - Salvage value) / Total miles) Depreciation Expense per mile = ($66,350 - $8,800) / 115,100 miles Depreciation Expense per mile= $0.5 per mile
Answer 2: The amount of accumulated depreciation on each bus on December 31, 2014 :
BUS 1Depreciation for 1 year = (Cost of assets - Residual value) / Useful life
Depreciation for 1 year = $99,100−$7,900 / 4 years
Depreciation for 1 year = $22,800
Accumulated depreciation = Depreciation for 1 year * 3 years (from 2012 to 2014)
Accumulated Depreciation = $22,800 * 3 years
Accumulated Depreciation= $68,400
BUS 2
Years Annual Depreciation Accum. Depreciation
2012 $64,000(128,000*50%) $64,000
2013 $32,000(128,000-64,000)*50% $96,000
2014 $16,000(128,000-64,000-32,000)*50% $112,000
Note : Depreciation rate = (1/4 *100)*2 = 50%
BUS 3
Accumulated depreciation = Depreciation expense per mile * Total miles of 2013 and 2014
Accumulated depreciation= $0.50 * (23,400 miles +32,700 miles)
Accumulated depreciation= $0.50 * 56,100 miles
Accumulated depreciation= $28,050
Answer 3: The depreciation expense for this bus in 2012 and 2013:
Years Depreciation Calculation
2012 $48,000 128,000*50%*9/12
2013 $40,000 128,000-40,000*50%
Note : Depreciation rate = (1/4 *100)*2 = 50%
Thus, the depreciation expense for Bus 2 for 2012 is $48,000 and 2013 is $40,000.
Know more :
https://brainly.com/question/19262475?referrer=searchResults
The Bonita Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Bonita has decided to locate a new factory in the Panama City area. Bonita will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs.
Building A: Purchase for a cash price of $611,000, useful life 25 years.
Building B: Lease for 25 years with annual lease payments of $71,370 being made at the beginning of the year.
Building C: Purchase for $657,400 cash. This building is larger than needed; however, the excess space can be sublet for 25 years at a net annual rental of $6,800. Rental payments will be received at the end of each year. The Nash Inc. has no aversion to being a landlord.
Required:
In which building would you recommend that The Bonita Inc. locate, assuming a cost of funds?
Answer:
Building C
Explanation:
Building A: Purchase for a cash price of $611,000, useful life 25 years.
Building B: Lease for 25 years with annual lease payments of $71,370 being made at the beginning of the year.
Building C: Purchase for $657,400 cash. This building is larger than needed; however, the excess space can be sublet for 25 years at a net annual rental of $6,800. Rental payments will be received at the end of each year.
11% cost of funds
we must determine the present value of each option:
Building A's present value = $611,000
Building B's present value = $71,370 x 8.4217 (PV annuity due factor, 11%, 25 periods) = $601,057
Building C's present value = $657,400 - ($6,800 x 8.4217) = $657,400 - $57,268 = $600,132 (LOWEST PV)
Mr. and Mrs. FB, a retired couple, decided to open a family restaurant. During March and April, they incurred the following expenses: Prepaid rent on commercial real estate ($2,100 per month from April through December) $ 18,900 Prepaid rent on restaurant equipment ($990 per month from April through December) 8,910 Advertising of upcoming grand opening 900 Staff hiring and training 11,500 $ 40,210 Mr. and Mrs. FB served their first meal to a customer on May 1. Determine the tax treatment of the given expenses on their tax return.
Answer:
$7,920 for rent on the equipment
$16,800 for rent on the commercial real estate
Explanation:
Calculation to Determine the tax treatment of the given expenses on their tax return.
First step is to calculate the Start Up Expenditure
Rent for April:
Commercial real estate $2,100
Equipment $990
Advertising during pre-operating phase $900
Staff hiring and training during pre-operating phase 11,500
Start Up Expenditure $15,490
Second step is to calculate the amount capitalized over 180 months
Amount capitalized over 180 months=$15,490 - $5,000 = $10,490
Amount capitalized over 180 months=$10,490 / 180 months
Amount capitalized over 180 months=$58.28 per month
Third step is to calculate the amortization deducted from this year’s tax return
Amortization deducted from this year’s tax return=(April – December = 8 months) ($58.28 x 8 months
Amortization deducted from this year’s tax return = $466.24
Now let Determine the tax treatment of the given expenses on their tax return
They can deduct ($990 x 8 months)$7,920 for rent on the equipment from May-December*
They can deduct ($2,100 x 8 months)$16,800 for rent on the commercial real estate fromMay-December
A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 185 pounds of M and 210 pounds of O. The price of M was $0.03 per pound and the actual price of O was $0.10.
Material Standard Quantity (lbs) Standard Cost/lb. Total Cost
O 0 $0.10 $0
H 125 0.08 10.00
M 75 0.02
1.50 200 $11.50
Is the material mix variance favorable or unfavorable
Answer:
The material mix variance unfavorable.
Explanation:
This can be determined using the following 3 steps:
Step 1: Calculation of the total Standard Cost of Actual Mix of the 3 materials
Standard Cost of Actual Mix of material O = Units of material O used * Standard cost of material O = 210 * $0.10 = $21
Standard Cost of Actual Mix of material H = Units of material H used * Standard cost of material H = 0 * $0.08 = $0
Standard Cost of Actual Mix of material M = Units of material M used * Standard cost of material M = 185 * $0.02 = $3.79
Total Standard Cost of Actual Mix of the three materials = Standard Cost of Actual Mix of material O + Standard Cost of Actual Mix of material H + Standard Cost of Actual Mix of material M = $21 + $0 + $3.79 = $24.70
Step 2: Calculation of the total Standard Cost of Standard Mix of the 3 materials
Standard Cost of Standard Mix of material O = Standard Units of material O * Standard cost of material O = 0 * $0.10 = $0
Standard Cost of Standard Mix of material H = Standard Units of material H * Standard cost of material H = 125 * $0.08 = $10
Standard Cost of Standard Mix of material M = Standard Units of material M * Standard cost of material M = 75 * $0.02 = $1.50
Standard Cost of Standard Mix of the three materials = Standard Cost of Standard Mix of material O + Standard Cost of Standard Mix of material H + Standard Cost of Standard Mix of material M = $0 + $10 + $1.50 = $11.50
Step 3: Calculation of material mix variance
Material mix variance = Total Standard Cost of Actual Mix of the three materials - Standard Cost of Standard Mix of the three materials = $24.70 - $11.50 = $13.20
Since the Total Standard Cost of Actual Mix of the three materials is greater than Standard Cost of Standard Mix of the three materials (i.e. by $13.20), this implies that the material mix variance unfavorable.
Define the term petty cash book and how is it prepared?
A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance. Petty cash should be part of an overall business accounting system that documents how your business moves funds between one account and another and how it spends its money.
Galen started a new job by showing up fifteen minutes before the official start time, taking a short lunch, and leaving approximately fifteen minutes after the official quitting time. During the first week Galen's supervisor takes him aside and tells him that he is really impressed with the fact that Galen is so punctual and dedicated to the work. The next week Galen supervisor once again compliments Galen on his punctuality and hard work. Galen continues this behavior while he works under this supervisor.
Required:
What type of conditioning has occurred here?
Answer:
Operant conditioning
Explanation:
Operant conditioning is a form of learning wherein consequences or rewards are attached to behaviors. When an individual demonstrates positive behavior, he is rewarded for such an action. Displaying bad behavior also results in punishments or negative consequences.
This type of learning is evident in the compliment Galen received from her supervisor because of her punctuality. Here a positive reward is attached to the good behavior and this will encourage Galen to keep displaying the good behavior. This type of conditioning is also known as instrumental conditioning.
Mr.fernando jose witches to put -up an Php85 million sports complex within the vicinity of the intramuros are.What advice will you give?
all I can advise is to be careful with those we should first get to know the people we trust and we should make sure if you are sure of what you want to be careful and not complacent because there are so many witches that will never go away
Exercise caution when dealing with people. We should first get to know the individuals we can trust. If you are certain of what you want, you should exercise caution and avoid becoming complacent since there are so many witches who will never go away.
What is the meaning of a sports complex?A sports complex is a sizable, open space with a number of fields or courts devoted to a single sport or group of sports. These kinds of sports facilities are frequently utilized for leagues and tournaments since they can accommodate a sizable crowd to watch the teams compete.
This includes, but is not limited to, ice skating rinks, baseball diamonds, basketball courts, and soccer fields. "That portion of a room or place where the play or practice of a sport occurs" is the "area of sport activity." Boundary lines, for instance, are used to delineate football fields.
a huge structure with a grandstand surrounding it on all sides and a field utilized for sporting events inside.
Thus, Exercise caution when dealing with people.
For more information about sports complex, click here:
https://brainly.com/question/29364254
#SPJ2
Proprietary technology is technology that is a. widely used because it is easy to learn. b. widely used because the government subsidizes its use. c. not widely used because people could, but have not, taken the time to learn how to apply it. d. not widely used because it is known or controlled only by the company that discovered it.
Answer:
d. not widely used because it is known or controlled only by the company that discovered it.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.
Proprietary technology is peculiar to a particular company.
Proprietary technology is technology that is not widely used because it is known or controlled only by the company that discovered it.
The Anderson Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%. The CFO believes that this is the correct WACC for the company's average-risk projects, but that a lower rate should be used for lower-risk projects and a higher rate for higher-risk projects. The CEO disagrees, on the grounds that even though projects have different risks, the WACC used to evaluate each project should be the same because the company obtains capital for all projects from the same sources. If the CEO's position is accepted, what is likely to happen over time? a. The company's overall WACC should decrease over time because its stock price should be increasing. b. The CEO's recommendation would maximize the firm's intrinsic value. c. The company will take on too many low-risk projects and reject too many high-risk projects. d. The company will take on too many high-risk projects and reject too many low-risk projects. e. Things will generally even out over time, and, therefore, the firm's risk should remain constant over time
Answer:
d. The company will take on too many high-risk projects and reject too many low-risk projects.
Explanation:
Weighted Average Cost of capital is the firm's is the rate which a firm has to pay to the lenders of fund. There can be different WACC for different projects as the WACC is based on the business risk. The beta factor can be different for all projects and since it is dependent on the nature of project and the risk it involves.
2. Which group listed below can be used to set indents and
spacing?
Explanation:
nothing is listed below
Decision Making: Stormcenter A decision is a choice made from among available alternatives. Decision making is the process of identifying and choosing alternative courses of action. This activity is important because managers need to know how to make effective decisions, sometimes quickly. The goal of this activity is to provide you with problem-solving skills when it comes to issues related to decision making. A storm is on track for a possible hit on a major city and the government has set up a command center to monitor it and make decisions. There is some disagreement between government officials on whether or not an evacuation of the city should be ordered. There is limited time to make a decision and things get quite heated at the storm center. How is the team handling the situation? How would you? At the beginning of the video, Ava does not properly follow the third step of the formal decision-making process. What did she do wrong?
Answer:
The team should take the matter very seriously as the storm effects is unpredictable.
I would take decision to inform the residents of the city about the storm and its intensity. The plans should be made in case if the storm get wild, the relocation can be made with ease.
Ava should discuss all the concerns with the team and she should encourage the team to gather ideas.
Explanation:
The government has the responsibility of the entire city. In case of natural disasters the government is held responsible for not taking the immediate precautionary measures. To avoid the circumstances of heavy disaster in the city, the team should take decisions with and consider all the risks which may affect the city.
QS 3-7 Adjusting prepaid (deferred) expenses LO P1 For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. Zim Company has a Supplies account balance of $5,000 at the beginning of the year. During the year, it purchased $2,000 of supplies. As of December 31, a physical count of supplies shows $800 of supplies available. Prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies account and the Supplies Expense account as of December 31.
Answer:
S/n General Journal Debit Credit
a Insurance expense $1,200
Prepaid Insurance $1,200
(To record insurance expired)
b Supplies expense $6,200
Supplies $6,200
($5,000 + $2,000 - $800)
(To record supplies used)
Officials from the City of Galveston and State of Texas gathered to celebrate the start of a beach restoration project that involves dumping sand and adding antierosion structures. The first cost of the project is $30 million with annual maintenance estimated at $340,000. If the restored/expanded beaches attract visitors who will spend $6.2 million per year, what is the conventional B/C ratio at the social discount rate of 8% per year
Answer:
The conventional B/C ratio is 1.83.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Officials from the City of Galveston and State of Texas gathered to celebrate the start of a beach restoration project that involves dumping sand and adding antierosion structures. The first cost of the project is $30 million with annual maintenance estimated at $340,000. If the restored/expanded beaches attract visitors who will spend $6.2 million per year, what is the conventional B/C ratio at the social discount rate of 8% per year. Assume the State wants to recover the investment in 20 years.
Explanation of the answers is now given as follows:
From the question, we have:
First cost = $30 million, or $30,000,0000
Estimated annual maintenance cost = $340,000
Expected annual revenue = Amount to spend per year by the visitors = $6.2 million, or 6,200,000
r = social discount rate per year = 8%, or 0.08
n = number of recover the investment years = 20
Incorporating the formula for calculating the present value of an ordinary annuity, we have:
B = Present worth of annual revenue = Estimated annual revenue * ((1 - (1 / (1 + r))^n) / r) = $6,200,000 * ((1 - (1 / (1 + 0.08))^20) / 0.08) = $60,872,513.93
C = Present worth of cost = First cost + (Estimated annual maintenance cost * ((1 - (1 / (1 + r))^n) / r)) = $30,000,0000 + ($340,000 * ((1 - (1 / (1 + 0.08))^20) / 0.08)) = $33,338,170.12
B/C ratio = B / C = $60,872,513.93 / $33,338,170.12 = 1.83
Therefore, the conventional B/C ratio is 1.83.
The city of Bethville establishes an Internal Service Fund to account for printing services provided to the various departments of the government. Police chief, Winston Watson, authorizes the payment of $2,000 for printing services provided by the Printing Services Internal Services Fund. The accounting department makes the payment. What entry should be reported in the Printing Services Internal Service Fund for receipt of the payment
Answer:
Dr Cash $2,000
Cr Transfer in from General Fund $2,000
Explanation:
Based on the information given if Winston authorizes the payment of the amount of $2,000 for the printing services that was rendered by the Printing Services Internal Services Fund which means that if The accounting department makes the payment the Journal entry that should be reported in the Printing Services Internal Service Fund for receipt of the payment is :
Dr Cash $2,000
Cr Transfer in from General Fund $2,000
Kevin O’Leary suggests that Jenn and Kelley decrease the price of their product by 50% and sell 10 times as many. That is, he predicts if they drop the price of their product from $40 to $20 they will increase their quantity demanded from 6,000 to 60,000. Calculate the price elasticity of demand for Pursecases using the midpoint formula from this information
Answer:
The price elasticity of demand for Pursecases using the midpoint formula from this information is -2.45.
Explanation:
From the question, we have:
New quantity demanded = 60,000
Old quantity demanded = 6,000
New price = $20
Old price = $40
The formula for calculating the price elasticity of demand is as follows:
Price elasticity of demand = Percentage change in quantity demanded /
Percentage change in price ................ (1)
Where, based on the midpoint formula, we have:
Percentage change in quantity demanded = {(New quantity demanded - Old
quantity demanded) / [(New quantity demanded + Old quantity demanded) /
2]} * 100 = {(60,000 - 6,000) / [(60,000 + 6,000) / 2]} * 100 = 163.636363636364%
Percentage change in price = {(New price - Old price) / [(New price + Old
price) / 2]} * 100 = {(20 - 40) / [(20 + 40) / 2]} * 100 = -66.6666666666667%
Substituting the values into equation (1), we have:
Price elasticity of demand = 163.636363636364% / -66.6666666666667% = -2.45454545454546
Rounding to 2 decimal places, we have:
Price elasticity of demand = -2.45
Therefore, the price elasticity of demand for Pursecases using the midpoint formula from this information is -2.45.
When The price elasticity of demand for Purchase then we are using the midpoint formula from this information is: -2.45.
Elasticity of demandAccording to the Elasticity of demand, are refers to the degree within the change in demand and also when there is a little change in another economic factor, like price or income.
Then New quantity demanded is = 60,000Old quantity demanded is = 6,000
After that New price are = $20
Then Old price is = $40
When The Price elasticity of demand is = Percentage change in quantity demanded / percentage change in price are
Percentage change in quantity demanded = * 100
= * 100
= 163.636363636364%[/tex]
Percentage change in price
= * 100
= * 100 = -66.6666666666667%[/tex]
Then Substituting the values into equation (1), we have:
Price elasticity of demand is =163.636363636364% [tex]-66.6666666666667% = -2.45454545454546[/tex}
Then the Price elasticity of demand is = -2.45
Thus, the value elasticity of demand for Purchase using the midpoint formula from this information is -2.45.
Find out more information about The Elasticity of demand here:
https://brainly.com/question/15737555
Categorize the statements according to whether they promote economic growth or inhibit economic growth. Promote economic growth Inhibit economic growth clear laws regarding the transfer of property from one person to another the creation of a price floor on sugar the enforcement of trademarks A nation's central bank declares it will print money to pay for government expenditure. the development of regulations that make creating small businesses difficult a corrupt government the use of competitive markets to allocate goods and services
Answer:
Categorization of Statements
Promotion of Economic Growth:
- clear laws regarding the transfer of property from one person to another
- the enforcement of trademarks
- A nation's central bank declares it will print money to pay for government expenditure.
- the use of competitive markets to allocate goods and services
Inhibition of Economic Growth:
- the creation of a price floor on sugar
- the development of regulations that make creating small businesses difficult
- a corrupt government
Explanation:
Economic growth can be increased by the reduction of the borrowing costs and interest rates and encouraging consumer spending and business investments.
The factors that inhibit economic growth also create market inefficiencies. They include lack of basic infrastructure, healthcare, and education, capital flight and economic uncertainties, ageing population, political instability, and rampant corruption.
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond for 7 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 10% per year compounded semiannually, what will be your minimum selling price for the bond
Answer:
$12,341.80
Explanation:
The computation of the minimum selling price for the bond is shown below:
Semi-annual = 10% ÷ 2 = 5%
Semi-annual compounding periods = 7 × 2 = 14
Semi-annual coupon (for 10 bonds) = $10,000 × 6.6% × (1 ÷ 2) = $330
as we know that
Here We assume the selling price be S
The Present worth of the bond = PW of future cash flows
$9,500 = $330 × P/A(5%, 14) + S × P/F(5%, 14)
$9,500 = $330 × 9.898641 + S × 0.505068
$9,500 = $3,266.55 + S × 0.505068
S × 0.505068 = $6,233.45
= $12,341.80
Advisors, an international pension fund manager, uses the concepts of purchasing power parity(PPP) and the International Fisher Effect (IFE) to forecast spot exchange rates. Omni gathers the financial information as follows:
Base price level 100
Current U.S. price level 105
Current South African price level 111
Base rand spot exchange rate $0.175
Current rand spot exchange rate $0.158
Expected annual U.S. inflation 7%
Expected annual South African inflation 5%
Expected U.S. one-year interest rate 10%
Expected South African one-year interest rate 8%
Required:
Calculate the following exchange rates (ZAR and USD refer to the South African rand and U.S. dollar, respectively)
a. The current ZAR spot rate in USD that would been forecast by PPP.
b. Using the IFE, the expected ZAR spot rate in USD one year from now.
c. Using PPP, the expected ZAR spot rate in USD four years from now.
Answer:
a. Current spot rate / Base spot rate = Price level in home country / Price level in foreign country
CSR / 0.175 =105 / 111
CSR = (105/ 111) * 0.175
= $0.1655 / ZAR
b. Expected ZAR spot rate / Current ZAR spot rate = (1 + interest rate in home country) / (1 + interest rate in foreign country)
Expected ZAR spot rate / 0.158 = (1 + 10%) / ( 1 + 8%)
Expected ZAR spot rate = (1.1/1.08) * 0.158
= $0.1609 / ZAR
c. Expected ZAR spot rate / Current ZAR spot rate = (1 + inflation rate in home country) / (1 + inflation rate in foreign country)
Expected ZAR spot rate / 0.158 = (1 + 7%) / ( 1 + 5%)
= 1.07/1.05 * 0.158
= $0.1610 / ZAR