The question is incomplete:
There is an old adage that says "If you can’t measure it, you can’t manage it". Managers who want to measure and track their organization’s performance will frequently use __________ to evaluate their company’s progress toward goals.
A)Statistics
B)Dashboards
C)Key performance indicators
D)Budget indices
Answer:
Key performance indicators
Explanation:
-Statistics refer to data that is used to analyze a specific situation.
-Dashboards refer to a tool that is used to visualize information to be able to monitor it for a specific purpose.
-Key performance indicators refer to measurements that are used to evaluate if an organization is achieving its goals.
-Budget indices are measurements to analyze budget against actual expenses.
According to this, the answer is that managers who want to measure and track their organization’s performance will frequently use key performance indicators to evaluate their company’s progress toward goals because these allow to track the results the company is having to make sure that it is going to reach its objectives.
Canton Corp. manufactures two sizes of ceramic paperweights, regular and jumbo. The following information applies to their expectations for the planning period:________.
Cost Pool Overhead Costs Activity-cost driver
Materials handling $50,000 90,000 orders
Machine maintenance 300,000 15,000 maintenance hours
Setups $238,160 45,800 setups
Inspections $144,840 21,300 inspections
Total support costs $733,000
Production units:_______.
Regular 9.000,000 units
A. $5.20 per setup
B. $6.80 per setup
C. $4.26 per setup
D. $20.00 per setup
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Cost Pool Overhead Costs Activity-cost driver
Setups: $238,160 - 45,800 setups
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
Setup= 238,160/45,800= $5.2 per setup
Percentage of market share and rate of on-time deliveries are indicators of the ________ perspective. A. customer B. learning and growth C. internal business D. quality management
Answer:
The answer is option (A) customer
Explanation:
Solution
Percentage of market share and rate of on-time deliveries are indicators of the customer perspective or view
Customer: A customer is a person or business that buys another company's goods or services. most public-facing businesses participate with other companies to attract customers, either by forcefully advertising their products or by reducing prices to broaden their customer bases.
Suppose the nominal interest rate on a one-year car loan is 8% and the inflation rate is expected to be 3% over the next year. Based on this information, we know:
Answer:
The only thing that we can know for sure is that the real interest rate on the car loan is 5%.
The real interest rate equals the nominal interest rate - the inflation rate. This formula follows the Fisher Effect proposed by Irving Fisher and used to determine both nominal and real interest rates, and how they relate to the inflation rate.
For each timing difference listed, identify whether the difference would be reported on the book side of the reconciliation or the bank side of the reconciliation. In addition, identify whether the difference would be an addition or subtraction.
a. Deposit in transit
b. Bank collection
c. Debit memorandum
d. EFT cash receipt
e. Outstanding checks
f. $1,000 deposit erroneously recorded by the bank as $100
g. Service charges
h. Interest revenue
i. $2,500 cash payment for rent expense erroneously recorded by the business as Bank $250
j. Credit memorandum from bank
Answer:
a.bank reconciliation, addition
b.book side, addition, subtraction
c.book side, subtraction
d.book side, addition
e.bank reconciliation, subtraction
f.bank reconciliation, subtraction
g.book side, subtraction
h.book side, addition
i.book side, subtraction
j.book side, addition
Explanation:
In book side, we enter transactions that were recorded by the company`s bank but not included in the cash book. These include service charges and interest revenue on bank account.Also errors made in cash book are recorded here.
In the bank reconciliation side, we record deposits and receipts entered in the cash book not yet reflecting in the bank statement and other errors related to construction of the bank statement.
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month, $650 Monthly take-home salary, $2,185Spending for food, $345 Cash in checking account, $450Savings account balance, $1,890 Balance of educational loan, $2,160Current value of automobile, $8,800 Telephone bill paid for month, $65Credit card balance, $235 Loan payment, $80Auto insurance, $230 Household possessions, $3,400Video equipment, $2,350 Payment for electricity, $90Lunches/parking at work, $180 Donations, $160Personal compute
Answer:
Assets
Monthly take-home salary $2,185
Cash in checking account $450
Savings account balance $1,890
Current value of automobile $8,800
Household possessions $3,400
Video equipment $2,350
Total Assets: $19,075
Liabilities
Rent for the month $650
Spending for food $345
Balance of educational loan $2,160
Telephone bill paid for month $65
Credit card balance $235
Loan payment $80
Auto insurance $230
Payment for electricity $90
90Lunches/parking at work $180
Donations $160
Total Liabilities: $4,195
Net Worth = total assets - total liabilities
Net Worth = $19,075 - $4,195
Net Worth = $14,880
Cash inflows
Monthly take-home salary $2,185
Total cash inflows: $2,185
Cash outflows
Rent for the month $650
Spending for food $345
Telephone bill paid for month $65
Loan payment $80
Auto insurance $230
Payment for electricity $90
90Lunches/parking at work $180
Donations $160
Total cash outflows: $1,800
Mark and Joseph are junior photographers with Iclick Studios. Both of them are professional and sincere. However, Mark is recognized as the top performer among Iclick's entry-level employees. This was possible because he acquired the license to use the latest photo editing application, while Joseph did not. According to the performance formula, which of the following factors helped Mark achieve this feat?
1. Ability
2. Skills
3. Motivation
4. Resources
Answer:
4. Resources.
Explanation:
In this scenario, Mark and Joseph are junior photographers with Iclick Studios. Both of them are professional and sincere. However, Mark is recognized as the top performer among Iclick's entry-level employees. This was possible because he acquired the license to use the latest photo editing application, while Joseph did not. According to the performance formula, the resources acquired helped Mark achieve this feat.
Resources in economics can be defined as a set of tangible assets or materials that are used for the production of goods or used for the rendering of services that meets the insatiable needs of people at a specific period of time.
In Economics, resources can either be any of the four (4) factors of production and these are;
1. Land.
2. Entrepreneurship.
3. Labor.
4. Capital.
In this context, Mark is the top performer among Iclick's entry-level employees because he acquired the license to use the latest photo editing application (a scarce but desired resources), while his colleague, Joseph did not.
Scenario 1: Imagine that an economy produces two goods, hot dogs and baseballs. In the year 2000 the economy produces 20 hot dogs and 15 baseballs, and the prices of hot dogs and baseballs were $2 and $5, respectively. In the year 2001 the economy produces 25 hot dogs and 20 baseballs, and the prices of hot dogs and baseballs were $3 and $6, respectively. Based on the information in Scenario 1, nominal GDP in the year 2000 in this economy is: Group of answer choices
Answer:
$115
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Nominal GDP is GDP calculated using current year prices
(20 x $2) + (15 x $5) = $115
You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 6.8 percent per year. How much will you have in eight years?
Answer:
The amount you will have in eight years is $29,679.56
Explanation:
In order to calculate the amount you will have in eight years we would have to use the following formula:
amount you will have in eight years=PV*(1+r)∧n
According to the given data:
PV=$20,000
r=6.8%
n=6
Therefore, amount you will have in eight years=$20,000*(1+6.8%)∧6
amount you will have in eight years=$29,679.56
Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2016 (unless otherwise indicated), are as follows:
110 Cash $ 83,600
112 Accounts Receivable 233,900
115 Merchandise Inventory 624,400
116 Estimated Returns Inventory 28,000
117 Prepaid Insurance 16,800
118 Store Supplies 11,400
123 Store Equipment 569,500
124 Accumulated Depreciation-
Store Equipment 56,700
210 Accounts Payable 96,600
211 Salaries Payable ---
212 Customers Refunds Payable 50,000
310 Common Stock 100,000
311 Retained Earnings 585,300
312 Dividends 135,000
313 Income Summary ----
410 Sales 5,069,000
510 Cost of Merchandise Sold 2,823,000
520 Sales Salaries Expense 664,800
521 Advertising Expense 281,000
522 Depreciation Expense ---
523 Store Supplies Expense ---
529 Miscellaneous Selling Expense 12,600
530 Office Salaries Expense 382,100
531 Rent Expense 83,700
532 Insurance Expense ---
539 Miscellaneous Administrative
Expense 7,800
During May, the last month of the fiscal year, the following transactions were completed:
May
1 Paid rent for May, $5,000.
3 Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000.
4 Paid freight on purchase of May 3, $600.
6 Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000.
7 Received $22,300 cash from Halstad Co. on account.
10 Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000.
13 Paid for merchandise purchased on May 3.
15 Paid advertising expense for last half of May, $11,000.
16 Received cash from sale of May 6.
19 Purchased merchandise for cash, $18,700.
19 Paid $33,450 to Buttons Co. on account.
20 Paid Korman Co. a cash refund of $13,230 for returned merchandise from sale of May 6. The invoice amount of the returned merchandise was $13,500 and the cost of the returned merchandise was $8,000.
20 Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,0000. The cost of the merchandise sold was $70,000.
21 For the convenience of Cresecent Co., paid freight on sale of May 20, $2,300.
21 Received $42,900 cash from Gee Co. on account.
21 Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000.
24 Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000.
26 Refunded cash on sales made for cash, $7,500. The cost of the merchandise returned was $4,800.
28 Paid sales salaries of $56,000 and office salaries of $29,000.
29 Purchased store supplies for cash, $2,400.
30 Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000.
30 Received cash from sale of May 20 plus freight paid on May 21.
31 Paid for purchase of May 21, less return of May 24.
Required:
Enter the May 1 balances of each of the accounts in the appropriate balance column of a four-column account.
Enter May 1 in the date column. Write Balance in the item section, and place a check mark (?) in the Posting Reference column.
Answer:
Palisade Creek Co.
Date Description Ref. Debit Credit
May 1 Cash 110 $ 83,600
May 1 Accounts Receivable 112 233,900
May 1 Merchandise Inventory 115 624,400
May 1 Estimated Returns Inventory 116 28,000
May 1 Prepaid Insurance 117 16,800
May 1 Store Supplies 118 11,400
May 1 Store Equipment 123 569,500
May 1 Accumulated Depreciation-
Store Equipment 124 56,700
May 1 Accounts Payable 210 96,600
May 1 Customers Refunds Payable 212 50,000
May 1 Common Stock 310 100,000
May 1 Retained Earnings 311 585,300
May 1 Dividends 312 135,000
May 1 Sales 410 5,069,000
May 1 Cost of Merchandise Sold 510 2,823,000
May 1 Sales Salaries Expense 520 664,800
May 1 Advertising Expense 521 281,000
May 1 Miscellaneous Selling Expense 529 12,600
May 1 Office Salaries Expense 530 382,100
May 1 Rent Expense 531 83,700
May 1 Miscellaneous Administrative
Expense 539 7,800
Total $5,957,600 $5,957,600
Explanation:
The above account can be regarded as an Opening Journal for the month. The amounts for assets and expenses are listed on the debit side while the amounts for liabilities, equity, and revenue are listed on the credit side. In accordance with the accounting equation the two sides will always be equal. It is from this opening journal that the month's transactions are posted to reflect changes that occur in the month. The posting of the transactions are not required for this question.
You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why
Answer:
Explanation:
Since not much information has been provided, the two most likely reasons as to why this has not been done would be the following,
One would be that the supervisor did not understand your request due to language barriers that you are not accustomed to since this is your first time working in an Indian office.
The Second most likely reason is that it is not the supervisors job to move your office furniture around. The supervisor is a higher position than manager and his primary responsibility is to look over your performance and make sure that you are doing what you have been hired to do.
Following are the transactions of a new company called Pose-for-Pics.
Aug. 1
Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.
2 The company paid $2,100 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $880 cash.
20 The company received $3,331 cash in photography fees earned.
31 The company paid $675 cash for August utilities.
Prepare an August 31 trial balance for Pose-for-Pics.
Answer:
Pose-for-Pics
Trial balance
For the month ended August 31, 202x
debit credit
Cash $6,176
Prepaid insurance $2,012.50
Office supplies $880
Equipment $33,500
Madison Harris, capital $40,000
Service revenue $3,331
Insurance expense $87.50
Utilities expense $675
Total $43,331 $43,331
Explanation:
Dr Cash 6,500
Dr Equipment 33,500
Cr Madison Harris, capital 40,000
Dr Prepaid insurance 2,100
Cr Cash 2,100
Dr Insurance expense 87.50
Cr Prepaid insurance 87.50
Dr Office supplies 880
Cr Cash 880
Dr Cash 3,331
Cr Service revenue 3,331
Dr Utilities expense 675
Cr Cash 675
Suppose Fuzzy Button Clothing Company is evaluating a proposed capital budgeting project (project Alpha) that will require an initial investment of $550,000. The project is expected to generate the following net cash flows: Year Cash Flow
Year 1 $375,000
Year 2 $475,000
Year 3 $425,000
Year 4 $500,000
Required:
Fuzzy Button Clothing Company's weighted average cost of capital is 7%, and project Alpha has the same risk as the firm's average project. Based on the cash flows, what is project Alpha's net present value (NPV)?
Answer:
Project Net Present Value = $943,724.89
Explanation:
The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
PV of cash inflow= $375,000 ×1.07^(-1) + (475,000× 1.07^(-2)+ 425,000× 1.07^(-3) + 500,000 × 1.07^(-4) = 1,493,724.889
Initial cost = 550,000
NPV = 1,493,724.88 - 550,000 = 943,724.89
Project Net Present Value = $943,724.89
Equipment was purchased for $78000 on January 1, 2018. Freight charges amounted to $4400 and there was a cost of $10400 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15100 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2019, if the straight-line method of depreciation is used
Answer:
The amount of accumulated depreciation at December 31, 2019 is $31,080
Explanation:
Straight line method, charges a fixed amount of depreciation over the use of an asset in the business.
Depreciation Expense Using Straight line method is calculated as :
Depreciation Expense = (Cost - Salvage Value) / Estimated useful life
First step is to determine the cost of the equipment.
Calculation of Cost of Equipment :
Purchase price $78,000
Freight charges $4,400
Installation costs $10,400
Total Costs $92,800
Then calculate the depreciation expense :
Depreciation Expense = ($92,800 - $15,100) / 5 years
= $15,540
Accumulated depreciation by December 31, 2019 is calculated as :
Accumulated depreciation = $15,540 × 2
= $31,080
Conclusion :
The amount of accumulated depreciation at December 31, 2019 is $31,080.
A company is planning to purchase a machine that will cost $45,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? 6.00 years. 2.11 year. 5.59 years. 11.18 years. 2.89 years.
Answer:
2.89 years
Explanation:
The computation of the payback period is shown below:
As we know that
Payback period = Initial investment ÷ Annual cash inflow
where,
The Initial investment is $45,000
And, the annual cash inflow is
= Net income + depreciation expense
= $8,050 + $7,500
= $15,550
So , the payback period is
= $45,000 ÷ $15,550
= 2.89 years
A firm wishes to assess the impact of changes in the market return on an asset that has a beta of 1.7. a. If the market return increased by 19%, what impact would this change be expected to have on the asset's return? b. If the market return decreased by 9%, what impact would this change be expected to have on the asset's return? c. If the market return did not change, what impact, if any, would be expected on the asset's return? d. Would this asset be considered more or less risky than the market?
Answer:
a. If the market return increased by 19%, what impact would this change be expected to have on the asset's return?
if the market return increases by 19%, then the asset's return should increase by beta x Δ in market return = 1.7 x 19% = 32.3%b. If the market return decreased by 9%, what impact would this change be expected to have on the asset's return?
if the market return decreases by 9%, then the asset's return should decrease by beta x Δ in market return = 1.7 x -9% = -15.3%c. If the market return did not change, what impact, if any, would be expected on the asset's return?
the asset's return should not changed. Would this asset be considered more or less risky than the market?
the market's beta is 1, and since this asset's beta is 1.7, it is clearly much more riskier than the market. That is why any change in the market return should result in a much larger change in asset return.ABC Bank is offering 3.6 percent compounded quarterly on its savings accounts. You deposit some amount of cash in the saving account today. After 5 years, you have $89,719 in your account. How much did you deposit today
Answer:
PV= $74,999.97
Explanation:
Giving the following information:
Interest rate= 0.036/4= 0.009
Number of quarters= 5*4= 20
Future value= $89,719
We need to determine the initial inventment. We will use the following formula:
PV= FV/(1+i)^n
PV= 89,719/ (1.009^20)
PV= $74,999.97
Powell Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred.June 1 Purchased books on account for $ 1,280 including freight) from Catlin Publishers, terms 2/10, n/303 Sold backing amount to Garfunkel Bookstore for 1,100. The cost of the merchandise sold was $8006 Received $80 credit for books returned to Catlin Publishers.9 Paid Catlin Publishers in full.15 Received payment in full from Garfunkel Bookstore.17 Sold books on account to Bell Tower for $1,100. The cost of the merchandise sold was $95020 Purchased books on account for $800 from Priceless Book Publishers, terms n/30.24 Received payment in full from Bell Tower26 Paid Priceless Book Publishers in full28 Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $800.30 Garfunkle General Bookstore $200 credit for books returned costing $70.Journalize the transactions for the month of June for Powell Warehouse, using a perpetual inventory system.(Record journal entries in the order presented in the problem. Round answers to 0 decimal places e.g.: 15,222.)
Answer:
Powell Warehouse
General Journal
June 1:
Debit Inventory $1,280
Credit Accounts Payable (Catlin Publishers) $1,280
To record the purchase of books, terms 2/10, n/30.
June 3:
Debit Accounts Receivable (Garfunkel Bookstore) $1,100
Credit Sales Revenue $1,100
To record the sale of books on trade terms.
Debit Cost of Goods Sold $800
Credit Inventory $800
To record the cost of goods sold under the perpetual inventory system.
June 6:
Debit Accounts Payable (Catlin Publishers) $80
Credit Inventory $80
To record the credit received for books returned.
June 9:
Debit Accounts Payable (Catlin Publishers) $1,200
Credit Cash Discount $24
Credit Cash Account $1,176
To record the payment on account.
June 15:
Debit Cash Account $1,100
Credit Accounts Receivable $1,100
To record the receipt of payment in full settlement.
June 17:
Debit Accounts Receivable (Bell Tower) $1,100
Credit Sales Revenue $1,100
To record the sale of books on account.
Debit Cost of Goods Sold $950
Credit Inventory $950
To record the cost of goods sold under the perpetual inventory system.
June 20:
Debit Inventory $800
Credit Accounts Payable (Priceless Book Publishers) $800
To record the purchase of books on account, terms n/30.
June 24:
Debit Cash Account $1,078
Debit Cash Discount $22
Credit Accounts Receivable (Bell Tower) $1,100
To record the receipt of payment on account.
June 26:
Debit Accounts Payable (Priceless Book Publishers) $800
Credit Cash Account $800
To record payment on account.
June 28:
Debit Accounts Receivable (General Bookstore) $1,550
Credit Sales Revenue $1,550
To record the sale of books on account.
Debit Cost of Goods Sold $800
Credit Inventory $800
To record the cost of goods sold under the perpetual inventory system.
June 30:
Debit Sales (Returns) $200
Credit Accounts Receivable (General Bookstore) $200
To record the return of books on account.
Debit Inventory $70
Credit Cost of Goods Sold $70
To record the return of books.
Explanation:
Journal entries are the initial records made in the accounting system for business transactions. They show the accounts affected by each transaction. Two or more accounts are usually affected. One account receives value and is debited and the other gives value, and it is credited.
QS 18-11 Margin of safety LO P2 Zhao Co. has fixed costs of $455,600. Its single product sells for $191 per unit, and variable costs are $124 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales.
Answer:
The margin of safety in dollars is $611,200 and the margin of safety percent is 32%
Explanation:
In order to calculate the margin of safety in dollars and as a percent of expected sales If the company expects sales of 10,000 units we would have to calculate the following:
margin of safety in dollars=Margin of Safety units*sold price
sold price=$191 per unit
Margin of Safety units = Sales - Breakeven units
sales=10,000 units
Breakeven units = Fixed cost/Contribution margin per unit
B reakeven units= $455,600/($191-$124) =
B reakeven units= 6800
Margin of Safety units =10,000 - 6.800
Margin of Safety units =3,200
Therefore, Margin of Safety in dollars = 3,200*$191
Margin of Safety in dollars =$611,200
Margin of Safety percent=Margin of Safety units/sales
Margin of Safety percent= 3,200/10,000
Margin of Safety percent=32%
The margin of safety in dollars is $611,200 and the margin of safety percent is 32%
At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance method to account for bad debts. The entry to record this adjusting entry would include a:
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
Based on the information provided for this scenario it can be said that the entry to record this adjusting entry would include a debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts. Meaning that the bad debts expense is increasing while the same amount is being taken from the allowance for doubtful accounts. This is what the allowance method is used for, it provides an advance for uncollectible accounts, by setting aside money in a reserve account.
In order to improve economic growth, a country should adopt which of the following exchange rate systems? A. Adopt a soft peg to the country that is growing the most. B. Fix their currency to the country that is growing the most. C. Allow their currency to float on the market. D. Adopt the country's currency that is growing the most; e.g., dollarize, or adopt the Chinese renminbi. E. There is no superior system; each country has to decide what is best.
Answer:
E. There is no superior system; each country has to decide what is best.
Explanation:
The exchange rate system refers to the method that is used to determine the exchange rate among the countries. The exchange rate helps in determining the rate of domestic currency in accordance with the other country's currencies. The exchange rate determines the rate that is used in the exchange of one currency with another. The foreign exchange market helps in determining the exchange rates of the countries.
Increasing real wages, reducing interest rates, and an increase in global growth are some of the factors that help in the improvement in economic growth. At the same time, there is no superior or inferior method of exchange rate systems that a country may adopt to improve economic growth.
Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Terry uses the weighted average method. All materials are added at the beginning of the process. The following data are for the bath linens department for
August:
Production:
Units in process, August 1, 25% complete* 10,000
Units completed and transferred out 60,000
Units in process, August 31, 60% complete* 20,000
* With respect to conversion costs.
Required: Calculate equivalent units of production for the bath linens department for August.
Materials= equivalent units of production
Conversion= equivalent units of production
please don't skip steps,show all work
Answer:
For Material 80,000
For Conversion 72,000
Explanation:
The computation of equivalent units of production for the bath linens department for August is shown below:-
Materials Conversion
Units completed and
transferred out 60,000 60,000
Units in process,
August 31 20,000 12,000
(20,000 × 60%)
Equivalent units of
production 80,000 72,000
Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.
Structure Chain of Command Communication flow Span of Management Decision Making
Verical Functional Long Vertical Narrow Centralized
Divisional Long Vertical Narrow Centralized
Matrix Dual Vertical & Horizontal Narrow Decentralized
Team-based Short Horizontal Broad Decentralized
Virtual Network Short Horizontal Broad Decentralized
(Note: Starting from virtual network is organic, and from vertical functional mechanistic)
1) As an organization becomes more organic, its communication flow becomes ____________.
(A) Narrower (B) Broader (C) More verticle (D) More horizontal
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has __________ structure. Which of the following reasons explain this? Check all that apply.
(A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
(B) Narrow spans of management ensure that employees operate efficiently.
(C) Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
(D) Short chains of command ensure that the company will operate most effectively in a turbulent environment.
____________________________________________________________
Your great-great grandmother left you her recipe book. It contains amazing, delicious cake recipes, and you are certain you can make a fortune with them if you just set up your bakery right. You are considering three possible designs for your bakery:
Design 1: A factory in which assembly workers create low-cost, standardized cakes to be sold in grocery stores.
Design 2: A factory in which all cakes are created by machines; technology will enable you to shift from cake to cake as customer needs change.
Design 3: A personalized wedding cake business in which you will create custom delicacies for your clients.
1) According to Joan Woodward ____________ is a classified as a continuous process production company.
(A) Design 3 (B) Design 2 (C) Design 1
2) Fill in the three terms that are missing from this table.
Small Batch Mass Production Continuous Process
Technical Complexity of Production Technology Structural Characteristics: Low Medium High
Centralization Low ? Low
Top administrator ratio Low Medium High
Indirect/direct labor ratio 1/9 1/4 1/1
Supervisor span of control 23 48 15
Communication
Written (vertical) ? High Low
Verbal (horizontal) High Low High
Overall Structure Organic Mechanistic ?
3) According to the information in the table, which of the following conclusions is most likely to be true?
(A) A continuous process production design is likely to be effective if your bakery pursues a low-cost leadership strategy.
(B) A bakery using a mass production design will be able to operate with fewer employees than a bakery using a continuous process design.
(C) A small-batch production design will help your bakery to operate more efficiently.
(D) A mass production design is likely to be effective if your bakery is operating in a stable environment without a lot of competition
_______________________________________________________________________________
Modern-Shed has 12 to 14 knowledge workers who handle manufacturing and sales in its Seattle office. Outside of Seattle, Modern-Shed products are sold by dealers who also sell other types of compatible products. Modern-Shed also uses external companies to do fabrication, help organize trade shows, and perform marketing duties.
1) Modern-Shed has a __________ structure that allows it to:
(A) Maintain the flexibility it needs to meet customer demands
(B) Create maximally efficient organization through work specialization
(C) Coordinate work projects across functions and products
(D) Maintain high levels of control over the way its products are sold and fabricated
2) Under what conditions is the current organizational structure of Modern-Shed most likely to be effective? Check all that apply.
(A) When the economic environment is turbulent and uncertain
(B) When following a low-cost leadership strategy for the business
(C) In times of crisis, when everyone needs to follow a single leader
(D) When following a differentiation strategy for the business
Answer:
1) (C) More Vertical
2) (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale
(B) Narrow span of management ensure that employees operate efficiently.
1) (A) Design 3
2) Low, Mechanistic, 15
3) (A) A continuous process production design is likely to be effective if your bakery pursues a low-cost leadership strategy.
1) (A) Maintain flexibility it needs to meet customer demands
2) (B) When following low cost leadership strategy
Explanation:
centralized system is process in which owner holds all the commands of the business operation.
As an organization becomes more organic, its communication flow becomes broader.
Every day!" Dollar General will be more effective if it has narrow spans of management and short chains of command structure. Thus, option 1. (c) 2. [b and d], 3. (b), 4. Written (vertical) is low, 5. (a), 6. (a), 7. (b) is correct.
The horizontal and unrestricted flow of communication flow between levels and departments is improved under an organic organizational structure. Less dependence is placed on rigid vertical communication routes, and cooperation, teamwork, and information exchange are emphasized more widely within the firm.
Short management horizons guarantee effective operation of the workforce. This justification supports the cost leadership strategy of Dollar General. Narrow managerial horizons can contribute to good cost control and efficient operations.
Additional flexibility in employee decision-making is made possible through horizontal communication and broad managerial responsibilities. This justification conflicts with Dollar General's cost leadership approach. While employee decision-making flexibility can be advantageous, a cost leadership plan may not be primarily focused on it.
Therefore, option 1. (c) 2. [b and d], 3. (b), 4. Written (vertical) is low, 5. (a), 6. (a), 7. (b) is correct.
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What are the macroeconomic conditions affecting the IT industry?
Select "yes" for those statements that are accurate and choose "no" for those that are not.
From a social-cultural perspective, Ricoh is a strong brand name because of the strong privacy policies it has in place.Yes/No
Answer:
The answer is Yes.
Explanation:
Yes, the given statement is accurate because nowadays people are more concerned and insecure about privacy. Since it is given that Ricoh is a strong brand that means people are already believing in it and its privacy policy attracts more consumers. Therefore, it can be said that is will affect the IT industry at the macroeconomic level.
Explain how the political systems of countries differ. Explain how the economic systems of countries differ. Explain how the legal systems of countries differ. Explain the implications for management practice of national differences in political economy. g
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%. a. What is the margin in Dée’s account when she first purchases the stock?
Answer:
Margin in Dee's account when she first purchase the stock is $8,000
Explanation:
The total value of stock purchased = $40 × 300 shares = $12,000
Since the amount borrowed from the broker is $4,000. Therefore, Dee's margin will be calculated as;
= Total purchase price - Net borrowing
= $12,000 - $4,000
= $8,000
Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 4.80 percent that sells for $92.78 per share. If the par value is $100, what is the cost of the company's preferred stock?
Answer:
Cost of preferred stock=5.17%
Explanation:
A preferred stock entitles its investor to a fixed amount of dividend for the foreseeable future. The dividend payable by a preferred stock is similar to a perpetuity. Hence, the price of the stock would be the same as the present value of the dividend payable for the foreseeable future.
A preferred stock entitles its owner to a fixed amount of dividend. It is calculated as follows:
Cost of preferred stock = (Preference dividend/stock price ) × 100
Preference dividend = Coupon rate × Nominal value
DATA
Coupon = 4.80%
Nominal Value = 100
Stock price = $92.78
Preference dividend = 4.80% × 100=4.8
Cost of preferred stock = 4.8/92.78× 100 = 5.17%
Cost of preferred stock=5.17%
The Driftbuster Sno-Mobile repair company has a seasonal demand for its service, and there is a general shortage of skilled Sno-Mobile mechanics in it's region. Which one of the following aggregate planning choices is most suitable for this situation
A. Allow some backorder for short-term demand surges
B. Combination of allowing backorder for short-term demand surges and building anticipation inventories.
C. Combination of hiring/firing workers to match demand and building anticipation inventories.
D. Combination of allowing backorder for short-term demand surges and offering reduced prices during the slack season.
Answer: Combination of allowing backorder for short-term demand surges and building anticipation inventories.
Explanation:
From the question, we are informed that the Driftbuster Sno-Mobile repair company has a seasonal demand for its service, and there is a general shortage of skilled Sno-Mobile mechanics in its region.
Based on the situation above, the planning choice is to allow backorder for short-term demand surges and build anticipation inventories. Since demand is seasonal, it's vital for the company to build anticipation inventories. It's also important for the company to create orders for short term surges.
The objective of financial reporting include all of the following except to provide information that Group of answer choices is useful to the IRS in assessing taxes to business entities. is useful to those making investment decisions. is useful to those lending out money to business entities. is useful to creditors in making decisions about providing resources to business entities.
Answer:
is useful to the IRS in assessing taxes to business entities.
Explanation:
The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
The objective of financial reporting include all of the following to provide information that:
1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.
2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.
3. Is useful to creditors in making decisions about providing resources to business entities.
In conclusion, the financial report is not useful to the Internal Revenue Service (IRS) in assessing taxes to business entities.
Larry, the sole shareholder of Brown Corporation, sold his stock to Ed on July 30 for $270,000. Larry's basis in the stock was $200,000 at the beginning of the year. Brown had accumulated E & P of $120,000 on January 1 and has current E & P of $240,000. During the year, Brown made the following distributions: $450,000 cash to Larry on July 1 and $150,000 cash to Ed on December 30.
a. How much of the current E & P is allocated to Larry’s distribution?
$
b. How much of the current E & P is allocated to Ed’s distribution?
$
c. How much of the $450,000 distribution is taxed as dividend income to Larry?
$
d. How much of the $150,000 distribution is taxed as dividend income to Ed?
$
e. Larry recognizes a capital gain of $ on the sale of the stock.
Answer:
A
Explanation:
Larry, the sole shareholder of Brown Corporation, sold his stock to Ed on July 30 for $270,000. Larry's basis in the stock was $200,000 at the beginning of the year. Brown had accumulated E & P of $120,000 on January 1 and has current E & P of $240,000. During the year, Brown made the following distributions: $450,000 cash to Larry on July 1 and $150,000 cash to Ed on December 30
a. How much of the current E & P is allocated to Larry’s distribution?
$
b. How much of the current E & P is allocated to Ed’s distribution?
$
c. How much of the $450,000 distribution is taxed as dividend income to Larry?
$
d. How much of the $150,000 distribution is taxed as dividend income to Ed?
$
e. Larry recognizes a capital gain of $ on the sale of the stock.
A manufacturer of hardboard and fiber cement sidings and panels purchased new equipment for its new product line for $20,000. A declining balance depreciation at a rate of 1.5 times the straight line rate with a 5-year recovery period and an estimated salvage value of $8000 was used to write off the capital investment. The company expects to realize net revenue of $57,000 each year for the next 5 years. However, due to the sudden change in business direction, the company decided to sell the equipment after 2 years of operation for $21,000. Assuming an effective tax of 40% and an after-tax MARR of 12% per year, calculate the future worth of the after-tax cash flow at the end of year 2.(HINT: skip $ and comma symbols) Year BTCF ATCF 0 -20000 -20,000 1 57,000 36,600.00 2a 57,000 35,880.00 2b 25579 ...
Answer:
Hello from your question there is a mix up of the figures for the BTCF AFTER 2 years and the BTCF given in the table so i would work with the value contained in the table i.e ( 25579 )
answer : 71052
Explanation:
Declining balance amount can be expressed/calculated using this formula a
[tex]\frac{1.5}{N} ; d_{k} = B ( 1 - k )^{k-1} (R ) ;\\ Bv_{k} = B ( 1 - R )^{k}[/tex] also R = 1.5 / 5 = 0.3 , k = 2 years
therefore Bv[tex]_{2}[/tex] = 20000 ( 1 - 0.3 [tex])^{2}[/tex] = 9800
Mv = 25579
Recapturing depreciation = Mv - Bv = 25579 - 9800 = 15779
BTCF is calculated as = ( capital investment + GI - expense incurred )
TI = GI - Expense - Depreciation + Depreciation recapture + capital gain
ATCF = BTCF - taxes
taxes = TI (l)
The future worth of the after-tax cash flow at the end of Year 2
Fw = -20000(f/p,12%,2) + 36600(f/p,12,1) + 35880 + 19268
= -20000(1.2544) + 36600(1.1200) + 55148 = 71052
attached below is the complete table used for the calculation