What is the most likely reason a user would export data with the formatting in place
The fields will not have any errors.
The file will be much easier to read.
The file is automatically spellchecked.
O The columns are automatically alphabetized.

Answers

Answer 1

Answer:

B

Explanation:

I got it right

Answer 2

Answer: the file will be much easier to read

Explanation:


Related Questions

On September 12, Vander Company sold merchandise in the amount of $3,950 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $2,725. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $340 and the cost of the merchandise returned is $240. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:

Answers

Answer:

Date                        Account                                        Debit                  Credit

September 18        Cash                                            $3,537.80

                                Sales discount                           $      72.20

                                Accounts Receivable                                            $3,610

Explanation:

Net merchandise sold = 3,950 - 340

= $3,610

Sales discount is 2% if paid in 10 days which Jepson did.

= 2% * 3,610

= $72.20

Cash = Net sales - discount

= 3,610 - 72.20

= $3,537.80

A-Rod Manufacturing Company is trying to calculate its cost of capital for use in making a capital budgeting decision. Mr. Jeter, the vice-president of finance, has given you the following information and has asked you to compute the weighted average cost of capital.
The company currently has outstanding a bond with a 10.6 percent coupon rate and another bond with an 8.2 percent rate. The firm has been informed by its investment banker that bonds of equal risk and credit rating are now selling to yield 11.5 percent. The common stock has a price of $60 and an expected dividend (D1) of $1.80 per share. The historical growth pattern (g) for dividends is as follows:
1.35
1.49
1.64
1.80
The preferred stock is selling at $80 per share and pays a dividend of $7.60 per share. The corporate tax rate is 30 percent. The flotation cost is 2.5 percent of the selling price for preferred stock. The optimum capital structure for the firm is 25 percent debt, 10 percent preferred stock, and 65 percent common equity in the form of retained earnings.
(a) Compute the historical growth rate. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole percent. Omit the "%" sign in your response.)
Growth rate %
(b) Compute the cost of capital for the individual components in the capital structure. (Round growth rate to nearest whole percent. Round your answers to 2 decimal places. Omit the "%" sign in your response.)
Cost of capital
Debt (Kd) %
Preferred stock (Kp)
Common equity (Ke)
(c) Calculate the weighted cost of each source of capital and the weighted average cost of capital. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "%" sign in your response.)
Weighted cost
Debt (Kd) %
Preferred stock (Kp)
Common equity (Ke)
Weighted average cost of capital (Ka) %

Answers

Answer:

PV = 1.35

FV = 1.8

n = 3

a. Growth rate = Rate(N, -PV, FV)

Growth rate = Rate(3, -1.35, 1.8)

Growth rate = 0.10

Growth rate = 10%

B. Cost of debt Kd (After tax) = 11.5%*(1-0.30) = 8.05%

Cost of preference share Kp = Dividend/Price = 7.6 /[80*(1 - 0.025)] = 9.74%

Cost of equity Ke = D1/P0+g = 1.8/60 + 0.1 = 0.03+0.1 = 0.13 = 13%

c. Source              Weight A     COC(%)(B)    Weight cost of capital(A*B)

Debt                          25%            8.05%                    2.01%

Preferred stock         10%            9.74%                     0.97%

Common stock          65%           13.00%                   8.45%

Weighted average cost of capital                           11.44%

Enterprise Solutions Inc. licenses its productivity software to Blackmon Company for $100,000, payable at contract inception. Enterprise agrees to provide semiannual software upgrades over the 5-year length of the contract to enable Blackmon to benefit from any technological advancement. Enterprise concludes that the software license is not distinct from the promised upgrades. Required: What journal entries are necessary for Enterprise to account for this transaction

Answers

Answer:

Date    Account Titles & Explanation           Debit         Credit

Jan 1    Cash                                                 $100,000

                   Unearned Revenue                                     $100,000

            (To record the contract consideration in advance)

Dec 31  Unearned Revenue                         $20,000

                     Sales Revenue                                            $20,000

                     ($100,000/5 years)

             (To record the annual expired transaction revenue)

Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Acclaim does large custom orders. Acclaim budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, setup and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but be-cause of the more intricate detail of the deluxe trophies, they are formed in batches of 50.

The controller has asked you to compare plant-wide, department, and activity-based cost allocation.

Forming Department Basic Delux Total
$60,000 $35,000 $95,000
Direct manufacturing labor $30,000 $20,000 $50,000
Overhead costs Setup $48,000
General overhead $32,000

Assembly Department Basic Delux Total
Direct materials $50,000 $10,000 $15,000
Direct manufacturing labor 15,000 25,000 40,000
Overhead costs Setup
General overhead 40,000


Required:
a. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plant-wide overhead rate, if total overhead is allocated based on total direct (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.)
b. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department
c. Calculate the budgeted unit cost of basic and deluxe trophies if Acclaim allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department.
d. Explain briefly why plant-wide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why?

Answers

Answer:

Acclaim Inc.

                                         Basic Trophies     Deluxe Trophies

Budgeted unit cost:

a. using single-plant o/h rate   $17.60                  $28.80

b. using departmental rates    $17.42                  $29.16

c. using ABC                            $18.26                  $27.48

d. They show different costs because the overhead rates are based on different parameters.

I recommend ABC system.  It is more fair because the overhead rates are based on product line's activity usage instead of an arbitrary figure.

Explanation:

a) Data and Calculations:

                                         Basic Trophies     Deluxe Trophies        Total

Budgeted production               10,000                   5,000              15,000

Batches                                         200                        50                   250

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs              $110,000                $90,000        $200,000

Overhead costs                  66,000                   54,000           120,000

Total production costs    $176,000               $144,000        $320,000

Budgeted production          10,000                    5,000

Budget unit costs               $17.60                  $28.80

Overhead rate

Total overhead/total direct costs = $120,000/$200,000 = $0.60

                                                             Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000

General overhead        $32,000

Total overhead costs   $80,000

Overhead rate = $80,000/$145,000 = $552

 Assembly department

General overhead         $40,000/$55,000 = $0.727

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Total direct costs                 $90,000              $55,000          $145,000

Overhead costs                     49,680                 30,360              80,040

Total departmental costs  $139,680               $85,360         $225,040

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs               $20,000                $35,000          $55,000

Overhead costs                    14,540                   25,445            39,985

Total departmental costs  $34,540                $60,445          $94,985

Total production costs     $174,220               $145,805       $320,025

Budgeted production          10,000                    5,000

Budget unit costs               $17.42                  $29.16

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total overhead allocated  $72,600                 $47,400        $120,000

Total production costs    $182,600                $137,400       $320,000

Budgeted production          10,000                    5,000

Budget unit costs                $18.26                  $27.48

Overhead costs allocation:

                                                            Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000/250  $38,400  $9,600     $48,000

General overhead  $32,000/$50,000   19,200   12,800       32,000

Assembly department

General overhead $40,000/$40,000   15,000   25,000      40,000

Total overhead allocated                    $72,600 $47,400   $120,000

Which one of the following statements is correct concerning the relationship between a levered and an unlevered capital structure? Assume there are no taxes.
a. At the break-even point, there is no advantage to debt.
b. The earnings per share will equal zero when EBIT is zero for a levered firm.
c. The advantages of leverage are inversely related to the level of EBIT.
d. The use of leverage at any level of EBIT increases the EPS.
e. EPS are more sensitive to changes in EBIT when a firm is unlevered

Answers

Answer:

a. At the break-even point, there is no advantage to debt.

Explanation:

In the case when we concerned about the relationship between the levered and an unlevered capital structure also there is no taxes so the statement i.e. correct is at the break even point we dont have an advantage with respect to the debt

Therefore the first option is correct

The statement about the relationship between a levered and an unlevered capital structure is valid in that debt has no advantage at the break-even point.

What is a break-even point?

Break-even point is the market condition where there is no profit and no loss to the company.

Here, the total revenue and the total cost of the firm equals.  

When it comes to the relationship between a levered and an unlevered capital structure, there are no taxes, hence the statement, i.e., correct, is that at the break-even point, we don't have a debt advantage.

Therefore, option A is correct.

Learn more about the break-even point, refer to:

https://brainly.com/question/15356272

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $265,000, variable expenses of $141,600, and traceable fixed expenses of $66,800. The Alpha Division has sales of $575,000, variable expenses of $321,800, and traceable fixed expenses of $126,300. The total amount of common fixed expenses not traceable to the individual divisions is $126,200. What is the company's net operating income

Answers

Answer:

$57,300

Explanation:

Calculation to determine the company's net operating income

Sales $840,000

($265,000+$575,000)

Less Variable expenses $463,400

($141,600+$321,800)

Contribution margin $376,600

($840,000-$463,400)

Less Traceable fixed expenses $193,100

($66,800+$126,300)

Divisional segment margin $183,500

Less Common fixed expenses $126,200

Net Operating Income $57,300

Therefore the company's net operating income will be $57,300

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $53,000. She proceeds with opening the restaurant, and it begins operations on September 1. Determine the amount Henrietta can deduct in the current year for investigating these two businesses.

Answers

Answer:

Henrietta can deduct $35,000 for the expenses which she has incurred for the investigation.

Explanation:

Henrietta has incurred expenses for investigating the expenses about opening a new restaurant. She has incurred $35,000 of expense for the investigation about the expansion of its business. She can deduct this expense from her current business.

Use the following data to calculate the current ratio.

Skysong, Inc. Balance Sheet December 31, 2017

Cash $65500 Accounts payable $131500
Accounts receivable 93000 Salaries and wages payable 17500
Inventory 148000 Mortgage payable 173000
Prepaid insurance 87500 Total liabilities $322000
Stock Investments 194500 Land 185500
Buildings $219500 Common stock $216500

Less: Accumulated depreciation (72500) 147000 Retained earnings 483500
Trademarks 101000 Total stockholders' equity $700000
Total assets $1022000 Total liabilities and stockholders' equity $1022000


a. 2 : 1
b. 2.64 : 1
c. 2 : 1
d. 3 : 1

Answers

Answer:

b. 2.64 : 1

Explanation:

Current ratio = Current assets/Current liabilities

Current assets = Cash + Account Receivables + Inventory + Prepaid insurance

Current assets =  $65500 + $93000 + $148000 + $87500

Current assets = $394,000

Current liabilities = Accounts payable + Salaries and wages payable

Current liabilities = $131500 + $17500

Current liabilities = $149,000

Hence, Current ratio = $394,000/$149,000

Current ratio = 2.644295

Current ratio = 2.64 : 1

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery $ 35 Reacquired Peridot common stock 56 Proceeds from sale of land 97 Gain from the sale of land 55 Investment revenue received 72 Cash paid to acquire office equipment 84 In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

Answers

Answer:

Peridot should report net cash outflows from investing activities of $22 million.

Explanation:

Peridot corporation

Statement of cash flows

$ in millions

Purchase of machinery

($35)

Proceeds from sale of land

$97

Cash paid to acquire office

($84)

Net cash outflows from investing activities

($22)

• We ignored required common stock because it belongs to financing activities section of cash outflows. Gain from sale of land and investment revenue is for operating activities section of the cash flow

Jayden has one hour for his part of customer service training for new employees. Which is the best way to reinforce the learning? Have a quiz at the end of the session. Have a quiz at the end of the session. Use PowerPoint slides for each separate concept. Use PowerPoint slides for each separate concept. Put the sales associates on the floor for one hour. Put the sales associates on the floor for one hour. Set aside some partnered role play time with employees.

Answers

Answer:

Have a quiz at the end of the session.

Explanation:

A firm is about to undertake the manufacture of a product, and it is weighing the process configuration options. There are two intermittent processes under consideration, as well as a repetitive focus. The smaller intermittent process has fixed costs of $3,000 per month and variable costs of $10 per unit. The larger intermittent process has fixed costs of $11,000 per month and variable costs of $5 per unit. A repetitive focus plant has fixed costs of $41,000 per month and variable costs of $1 per unit.

Required:
a. At what output does the large intermittent process become cheaper than the small one?
b. At what output does the repetitive process become cheaper than the larger intermittent process?

Answers

Answer:

See below

Explanation:

Using this formula

Fixed cost of process B - fixed cost of process A ÷ unit variable cost of process A - unit variable cost of process B

a. Fixed cost = $11,000

Fixed cost = $3,000

Unit variable = $10

Unit variable = $5

Hence:

= ($11,000 - $3,000) / ($10 - $5)

= $7,000 / $5

= $1,400

This means that the larger intermittent process becomes cheaper than the small one by $1,400

b. Fixed cost = $41,000

Fixed cost = $11,000

Unit variable = $5

Unit variable = $1

= ($41,000 - $11,000) / ($5 - $1)

= $30,000 / $4

= $7,500

This means that the repetitive process become cheaper than the larger intermittent process by $7,500

Hull Company reported the following income statement information for the current year: Sales $ 423,000 Cost of goods sold: Beginning inventory $ 151,500 Cost of goods purchased 286,000 Cost of goods available for sale 437,500 Ending inventory 157,000 Cost of goods sold 280,500 Gross profit $ 142,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $33,000. Given this information, the correct gross profit would be:

Answers

Answer:

$109,500

Explanation:

Calculation to determine the correct gross profit would be:

Sales $ 423,000

Less: Corrected Cost of goods sold:($313,500)

(280,500 + $33,000)

Gross Profit $109,500

Therefore the correct gross profit would be:$109,500

Mark Brandt, an employee of Mueller Corp., earned 3 weeks of compensated vacation time during the current year, but only took 2 weeks of vacation. His employer permits that 1 week of vacation can be carried forward to the following year. Mark fully intends to remain at his current employer and plans to take his vacation during the following year. His current weekly salary is $2,000. Mueller Corp. expects to grant a general salary increase of 5% effective at the beginning of the next year. What amount should Mueller accrue during the current year relating to Mark Brandt's carried-forward vacation

Answers

Answer:

Mark Brandt of Mueller Corporation

The amount that Mueller should accrue during the current year relating to Mark Brandt's carried-forward vacation is:

= $2,100

Explanation:

a) Data and Calculations:

Current weekly salary = $2,000

Expected general salary increase = 5%

The amount that Mueller should accrue during the current year relating to Mark Brandt's carried-forward vacation is:

= $2,000 * 1.05

= $2,100

b) $2,100 is the amount that will be paid in cash for cash settlement of Mark Brandt's carried-forward vacation, assuming he does not take it the following year.

Letterheads _____.

should have a design that is different from the business card
contain the same information as a business card
convey information about an organization
and business cards should be of similar design
are rarely used by small businesses
(Multiple Answers)

Answers

I think it's "should have a design that is different from the business card"

Answer:

Convey information about an organization.

Contain the same information as a business card.

And business cards should be of similar design.

Explanation:

Those are the correct answers on Edge. Hope this helps!

The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at $0.40 per pound: a. the price ceiling will not affect the market price or output. b. quantity supplied will increase. c. there will be a shortage of the good. d. quantity demanded will decrease.

Answers

Answer:

c. there will be a shortage of the good.

Explanation:

The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at a price of $0.40 per pound: c. there will be a shortage of the good.

The correct answer is - c. there will be a shortage of the good.

Reason -

At the equilibrium price, the demand = supply

If the price is increased by the equilibrium price then, there are more customers(i.e. quantity demanded is increase ) and there is shortage of goods (i.e quantity supplied will decrease)

So, the correct option is - c. there will be a shortage of the good.

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common stock on May 1 for $6,500. On July 1, it reissued 65 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2

Answers

Answer:

Fortune Company

There is a balance of ($65) in the Paid-in Capital, Treasury Stock account on August 2.

However, this balance will be transferred to the Additional Paid-in Capital account at year-end, since there are no outstanding shares for the Treasury Stock account.

Explanation:

a) Data and Calculations:

May 1 Repurchase of 130 shares (Treasury Stock) = $6,500

July 1 Reissue of 65 shares at $53 per share =          (3,445)

August 1 Reissue of 65 shares at $48 per share =     (3,120)

August 2, Balance in the Paid-in Capital =                     ($65)

b) The Treasury Stock account is a contra Paid-in Capital account which records transactions involving the repurchase and reissue of treasury shares.  Treasury shares represent the company's own shares which are repurchased from its investors.

Imagine that two goods are available to you: hamburgers (X) and hot dogs (Y). You like hamburgers and hot dogs equally well. If your fast food budget is $50 per month, the price of hamburgers is $6 per unit, and the price of hot dogs is $4 per unit, what is your optimal consumption of hot dogs

Answers

Answer:

5

Explanation:

The budget constraint = 6h + 4hd = 50

h = hamburger

hd = hot dogs

because you like both goods equally, the optimal consumption of hot dogs = 50 / 10 = 5

The Thomlin Company forecasts that total overhead for the current year will be $11,415,000 with 180,000 total machine hours. Year to date, the actual overhead is $7,948,000 and the actual machine hours are 88,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
a. $1,000,000 over
b. $1,000,000 under
c. $500,000 over
d. $500,000

Answers

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

The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0 meters Standard price $ 19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200 meters Actual cost of materials purchased $ 201,500 Actual materials used in production 9600 meters Actual output 1580 units What is the materials price variance for the month

Answers

Answer:

See below

Explanation:

First, we have to compute the actual price

Actual price = Actual cost of material purchased × Actual material purchased

= $201,500 ÷ 10,200 metres

= $19.75

Therefore,

Material price variance

= Actual quantity × (Actual price - Standard price)

= 10,200 × ($19.75 - $19)

= 10,200 × $0.75

= $7,650 favourable

Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $255,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for $49 per share, and finally 1,000 shares for $43 per share.
Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.

Answers

Answer:

Dr Treasury Stock $255,000

Cr Cash $255,000

Dr Cash $108,000

Cr Treasury Stock $98,000

Cr Additional paid-in-capital (treasury stock)$10,000

Dr Cash $98,000

Cr Additional paid-in-capital (treasury stock)$10,000

Cr Treasury Stock $88,000

Dr Cash $43,000

Cr Common Stock $43,000

Explanation:

Preparation of the journal entries for the purchase of the treasury stock and the three sales of treasury stock.

Purchase

Dr Treasury Stock $255,000

Cr Cash $255,000

(Being to record purchase from stockholders)

Sale 1

Dr Cash $108,000

(2000*54)

Cr Treasury Stock $98,000

(2000*49)

Cr Additional paid-in-capital (treasury stock)$10,000

($108,000-$98,000

(Being To record sales of shares at $54 per share.)

Sale 2

Dr Cash $98,000

Cr Additional paid-in-capital (treasury stock)$10,000

Cr Treasury Stock $88,000

($98,000-$10,000)

(Being to record sale of shares at 49 per share )

(2000*49)

Sale 3

Dr Cash $43,000

Cr Common Stock $43,000

(1,000 shares for $43 per share)

On the basis of the following production possibilities tables for two countries, North Cantina and South Cantina.
North Cantina Production Possibilities
A B C D E F
Capital Goods 5 4 3 2 1 0
Consumer Goods 0 10 18 24 28 30
South Cantina Production Possibilities
A B C D E F
Capital Goods 5 4 3 2 1 0
Consumer Goods 0 8 15 21 25 27
Refer to the tables. Suppose that resources in North Cantina and South Cantina are identical in quantity and quality. We can conclude that:_____.
A. North Cantina has better technology than South Cantina in producing consumer goods but not capital goods.
B. South Cantina has better technology than North Cantina in producing both capital and consumer goods.
C. North Cantina has better technology than South Cantina in producing both capital and consumer goods.
D. North Cantina is growing more rapidly than South Cantina.

Answers

Answer:

A

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

To determine which country has a better technology in production, the opportunity cost has to be calculated. The country with the lower opportunity cost has the better technology

At point B for North Cantina:

The opportunity  cost of producing one 4 units of capital good = 10/4 = 2.5 units of consumer goods

The opportunity  cost of producing 10 units of consumer good = 4/10 = 0.4 units of capital goods

At point B for South Cantina

The opportunity  cost of producing one 4 units of capital good = 8/4 = 2units of consumer goods

The opportunity  cost of producing 8 units of consumer good = 4/8 = 0.5 units of capital goods

South Cantina has a lower opportunity cost in the production of capital goods while North Cantina has a lower opportunity cost in the production of consumer goods

Grant Industries, a manufacturer of electronic parts, has recently received an invitation to bid on a special order for 20,500 units of one of its most popular products. Grant currently manufactures 41,000 units of this product in its Loveland, Ohio, plant. The plant is operating at 50% capacity. There will be no marketing costs on the special order. The sales manager of Grant wants to set the bid at $13 because she is sure that Grant will get the business at that price. Others on the executive committee of the firm object, saying that Grant would lose money on the special order at that price.
Units 41,000 61,500
Manufacturing costs:
Direct materials $123,000 $184,500
Direct labor 164,000 246,000
Factory overhead 328,000 430,500
Total manufacturing costs$615,000 $861,000
Unit cost $15 $14
Required:
1. What is the relevant cost per unit and the bid price?
2. What would the total opportunity cost be if by accepting the special order the company lost sales of 6,500 units to its regular customers?

Answers

Answer:

Missing word "What would the total opportunity cost be if by accepting the special order the company lost sales of 6,500 units to its regular customers? Assume the above facts plus a normal selling price of $24 per unit."

Variable factory overhead per unit = (430,500 - 328,000) / 20,500 = $5

Direct materials per unit = $123,000 / 41,000 = $3

Direct labor per unit = 164,000 / 41,000 = $4

1. Relevant cost per unit = Direct materials per unit + Direct labor per unit + Variable factory overhead

Relevant cost per unit = $5 + $4 + $3

Relevant cost per unit = $12

So, the bid price should be above $10 per unit

2. Total opportunity cost would be the total contribution margin lost for the lost sales to the regular customer

Total opportunity cost = Loss of regular sales revenue - Total relevant cost for lost sales

Total opportunity cost = (6,500*$24) - (6,500*$12)

Total opportunity cost = $156,000 - $78,000

Total opportunity cost = $78,000

1. The relevant cost per unit for Grant Industries is $7.00 ($123,000 + $164,000)/41,000 or ($184,500 + $246,000)/61,500.

2. The total opportunity cost of accepting the special order when the company lost sales of 6,500 units from its regular customers is $12,500.

What are the relevant costs and opportunity costs?

The relevant costs describe the avoidable costs that could be stopped if a decision is taken.

For example, if Grant Industries decides to take the special order, the relevant decision-making cost is $7 per unit and not $14 per unit.

The opportunity costs are costs that are not incurred based on taking an alternative decision.  It also describes the lost revenue when some sales are lost for the special order.

For example, the total opportunity costs incurred by Grant Industries for taking the special order instead of attending to the regular customers with 6,500 units demand is $12,500.

Data and Calculations:

Special order = 20,500 units

Current production = 41,000 units

Current operational capacity = 50%

Total capacity = 82,000 (41,000/50%)

Bid price = $13 per unit

New production based on special order = 61,500 (41,000 + 20,500)

Production Data                   Per  Unit         Per Bid

Units                                         41,000           61,500

Manufacturing costs:

Direct materials                   $123,000       $184,500

Direct labor                            164,000        246,000

Factory overhead                 328,000        430,500

Total manufacturing costs $615,000       $861,000

Unit cost                                   $15                $14

Question 2 Completion:

Assume the above facts plus a normal selling price of $24 per unit."

The opportunity cost of lost sales:

Lost sales units = 6,500

Contribution per unit = $17 ($24 - $7)

Total contribution margin = $110,500 ($6,500 x $17)

Contribution margin from special order = $123,000 ($13 - $7 x 20,500)

Thus, the opportunity cost of lost sales is $12,500 ($123,000 - $110,500).

Learn more about relevant and opportunity costs at https://brainly.com/question/14184614 and https://brainly.com/question/8846809

Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $2.35 dividend, what is the current share price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Answers

Answer: $53.94

Explanation:

Current share price is the present value of the dividends for the next 3 years and the terminal value in year 3.

Terminal value = D₄ / ( required return - growth rate)

= (2.35 * 1.22³ * 1.05) / (12 % - 5%)

= $64

D₁ = 2.35 * 1.22 = $2.867

D₂ = 2.867 * 1.22 = $‭3.49774‬

D₃ = ‭3.49774‬ * 1.22 = $‭4.2672428‬

Share price = (2.867 / (1 + 12%)) + (‭3.49774‬ / 1.12²) + (‭4.2672428‬ / 1.12³) + (64/1.12³)

= $53.94

The manager at Jerome Mobility, Inc. reported the following information for 2019: Actual Results Static Budget Units sold 1,700 units 1,500 units Revenues $221,000 $195,000 Variable costs Direct materials 70,000 60,000 Direct manufacturing labor 36,500 31,500 Variable manufacturing overhead 16,000 13,500 Total variable costs 122,500 105,000 Contribution margin 98,500 90,000 Fixed costs 51,000 50,000 Operating income $47,500 $40,000 What is the static-budget variance for operating income for Jerome Mobility Inc. for 2019

Answers

Answer:

$7,500 F

Explanation:

Calculation to determine the static-budget variance for operating income for Jerome Mobility Inc. for 2019

Using this formula

2019 Static budgeted variance for operating income = Actual result - Static budget amount

Let plug in the formula

2019 Static budgeted variance for operating income= $47,500 - $40,000

2019 Static budgeted variance for operating income= $7,500 F

Therefore the static-budget variance for operating income for Jerome Mobility Inc. for 2019 will be $7,500 F

A company received 500 applications for a specific position.30 were given an assignment test. Only 15 were invited to an interview. The yield ratio of passing the interview is

a.
75%

b.
20%

c.
50%

d.
25%​

Answers

i think c might be wrong tho

The Field Detergent Company sold merchandise to the Abel Company on June 30, 2016. Payment was made in the form of a noninterest-bearing note requiring Abel to pay $85,000 on June 30, 2018. Assume that a 10% interest rate properly reflects the time value of money in this situation.
Required: Calculate the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016.

Answers

Answer:

$70,248

Explanation:

Calculation for the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016

Using financial calculator to determine the PV of Note

Using this formula

PV of Note = Future value x PVF (i%, n)

Where,

Future value=85,000

n=2 year(2016-2018)

i= 10%

Let plug in the formula

PV Note= 85,000 x PVF (10%, 2)

PV Note= 85,000 x 0.82645

PV Note= $70,248

Therefore the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016 is $70,248

makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.20 hours $ 26.00 per hour $ 5.20 Variable overhead 0.20 hours $ 6.20 per hour $ 1.24 In November the company's budgeted production was 6500 units, but the actual production was 6300 units. The company used 1550 direct labor-hours to produce this output. The actual variable overhead cost was $8990. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is:

Answers

Answer:

See

Explanation:

Given that;

Direct labor hours used to produce this output = 1,550

Actual variable overhead cost = $8,990

Variable overhead per hour = $6.2

The variable overhead rate variance for July is;

= Direct labor hours used to produce this out put × (Actual variable overhead rate per hour - Variable overhead per hour)

= 1,550 × ($8,990/1,550 - $6.2)

= 1,550 × ($5.8 - $6.2)

= 1,550 × (-$0.4)

= $620 favorable

Rusty has been experiencing serious financial problems. His annual salary was $100,000, but a creditor garnished his salary for $20,000; so the employer paid the creditor (rather than Rusty) the $20,000. To prevent creditors from attaching his investments, Rusty gave his investments to his 21-year-old daughter, Rebecca. Rebecca received $5,000 in dividends and interest from the investments during the year. Rusty transferred some cash to a Swiss bank account that paid him $6,000 interest during the year. Rusty did not withdraw the interest from the Swiss bank account. Rusty also hid some of his assets in his wholly owned corporation that received $150,000 rent income but had $160,000 in related expenses, including a $20,000 salary paid to Rusty. Rusty reasons that his gross income should be computed as follows:
Salary received $80,000
Loss from rental property ($150,000-$160,000) (10,000)
Gross income $70,000
Compute rustys correct gross income for the year, and explain any differences between your calculation and rusty

Answers

Answer:

Rusty annual salary was $100,000.

Rusty will not be taxed on the interest and dividend amount of $5,000 as Rebecca is the owner of the assets that is producing this income.

Secondly, Rusty will also need to report the $6,000 interest income. This has to be reported even though it has not been withdrawn.

Thirdly, he received $20,000 as salary from his wholly owned corporation.

Salary from employer                                                    $100,000

Salary from wholly owned corporation                        $20,000

Dividends and interest from the investments             $0

Interest from Swiss bank account                                $6,000

Rental loss incurred                                                       $0        

Gross income                                                                 $126,000

chager Company purchased a computer system on January 1, 2019, at a cash cost of $25,000. The estimated useful life is 10 years, and the estimated residual value is $3,000. The company will use the double declining-balance depreciation method. What is the accumulated depreciation balance as of December 31, 2020? $9,000. $4,000. $7,920. $8,520.

Answers

Answer:

Accumulated depreciation= $7,920

Explanation:

Giving the following information:

Buyng price= $25,000

Salvage value= $3,000

Number of years= 10

To calculate the depreciation expense, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreciation= [(25,000 - 3,000) / 10]*2

Annual depreciation= $4,400

2020:

Annual depreciation= [(22,000 - 4,400) / 10]*2

Annual depreciation= $3,520

Accumulated depreciation= $7,920

Adams Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 95 $ 124 Variable cost per unit (58 ) (74 ) Contribution margin per unit $ 37 $ 50 Adams expects to incur annual fixed costs of $227,880. The relative sales mix of the products is 60 percent for Super and 40 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Adams must sell to break even. How many units each of Super and Supreme must Adams sell to break even

Answers

Answer:

Expected contribution as per sales mix = $37*0.60 + $50*0.40

= $22.20 + $20

= $42.20 per unit

Total number of products in total at break even point = Total fixed cost / Contribution per unit

= $227,880 / $42.20 per unit

= 5,400 units

How many units each of Super and Supreme must Adams sell to break even?

According to sales mix:

Super = 5,400 * 60% = 3,240 units

Supreme = 5,400 * 40% = 2,160 units.

Other Questions
Please HELP!!! 20 POINTS!! justin has x nickels and y dimes. He has a minimum of 15 coins worth at most 1$ combined determine one possible soltuiion with a set of inequalities ABC with mA=35 , mB=60 , and mC=85 .Which statements about the triangles are true?Question 3 options:AB > BCBC > ACAC > ABAC > BC Based on the segment income statement below, Chips, Inc. is considering eliminating its Barbecue Division line. Revenue from Barbecue Division sales $ 528,000 Salaries for Barbecue Division workers (128,000 ) Direct material (342,000 ) Sunk costs (equipment depreciation) (82,000 ) Allocated company-wide facility-sustaining costs (64,000 ) Net loss $ (88,000 ) If the Division is eliminated, what is the total amount of avoidable cost? The main idea of this paragraph Is that people who communlcate with American Sign Language don't always sign the Individual letters of each word. What Is ONE key detail that supports this main idea?A.all words in American Sign Language have their own signs.B.the word "mother" has its own sign in american sign languages.C.people who use a spoken language have short conversations.D.it takes a long time to communicate with american sign languages. If a country's nominal interest rate is zero, then Group of answer choices the country's economy is in a liquidity trap. monetary policy is likely to be very effective in stimulating the economy. exchange rates with other countries are likely to increase. exchange rates with other countries are likely to decline. the country's economy has achieved monetary equilibrium. history is the only class i get 100 in but i dont know this lol Find the Volume of the shape below.V = yd Select the correct answer.Which scatter plot shows a positive linear association? What is the pronoun and type of pronoun is in ian invited her to try out for the band Which of the following functions does the earth atmosphere perform. a. it protects Planet like a layer of insulationB. It helps Earth stay warmC. It help stabilize Earth temperature between night and dayD. All the above U uhh mmm just help me ILL GIVE U BRAINYLISTselect the the correction solution for 5 x equals 50x=45x=1/10x=55x=10 what does t eaqual -6t - 7 = 17 Guys pls help me!!!!!! Why did the treaty between Spain and France worry President Jefferson? On December 31, 2020, Swifty Corporation sold for $152000 an old machine having an original cost of $265000 and a book value of $113000. The terms of the sale were as follows: $39000 down payment $56500 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 8% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar An infection with a tropical parasite may block a lymphatic vessel. ? Desiree has a scientific question that she wants to investigate. She has developed a hypothesis and method for her experiment. Which step of scientific inquiry should Desiree take next? A. Desiree should present her findings to her teacher and classmates.B. Desiree should collect data, which may support or refute her hypothesis.C. Desiree should provide an explanation for her results. Determine if 9 - 4x2 is the difference of two squares and if it is, factor it.