Answer:
Value of investment = $29139.28
Explanation:
Below is the calculation to find the value of investment:
Value of investment = 28000(P/F, 11%, 4) + 43000(P/F, 11%, 12)(P/F, 11%, 4) + 69000(P/F, 11%, 18)(P/F, 11%, 16) + 61000(P/F, 11%, 10)(P/F, 11%, 34)
Value of investment = 28000(0.6587) + 43000(0.2858)(0.6587) + 69000(0.1528)(0.1882) + 61000(0.3521)(0.0287)
Value of investment = $29139.28
Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the deluxe model
Barnes Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled.
Number of Number of Number of
Product Setups Components Direct Labor Hours
Standard 22 8 375
Deluxe 28 12 225
Overhead costs $20,000 $40,000
Answer:
Barnes Corporation
The total amount of overhead costs assigned to the deluxe model (using an activity-based costing system) is:
= $35,200.
Explanation:
a) Data and Calculations:
Overhead Costs Standard Deluxe Total Overhead Rate
Setups $20,000 22 28 50 $400 ($20,000/50)
Components $40,000 8 12 20 $2,000 ($40,000/20)
Direct Labor Hours 375 225 600
Total overhead costs $60,000
Amount of overhead costs assigned to the deluxe model:
Set up costs = $11,200 (28 * $400)
Components costs = $24,000 (12 * $2,000)
Total overheads assigned = $35,200
Muthu had 4 times as many stamps as sangeetha. After Muthu gave 12 stamps to Sangeetha, they have an equal number of stamps. How many stamps does Sangeetha now have?
Answer:
I think you should add them and than subtract
Formulate a linear programming model to find the best investment strategy for this client. (Assume N is the amount invested in the internet fund project and B is the amount invested in the Blue Chip fund. Express the amounts invested in thousands of dollars.)
Answer:
The appropriate answer is "N, B >= 0". A further explanation id provided below.
Explanation:
According to the question,
The linear programming model seems to be formulated as:
⇒ [tex]Max \ 0.07 \ N+0.06 \ B[/tex]
Now,
⇒ [tex]N+B<=85[/tex]
[tex]N<=55[/tex]
⇒ [tex]6N+4B<=410[/tex]
[tex]N,B>=0[/tex]
Thus, the above is the correct answer.
When a union tries to create negative publicity surrounding an employer's behavior in a labor dispute to get other members of the community (business and financial partners, consumers, politicians, and government) to pressure it to settle, it is known as a(n) ________.
When a union tries to create negative publicity surrounding an employer's behavior in a labor dispute in order to get others to pressure the employer to settle, it is known as a public relations campaign or public relations offensive.
What is a public relation campaign?
A public relations campaign is a strategy used by an organization, such as a union, to create and maintain a positive image or reputation among its stakeholders, such as members of the community, business and financial partners, consumers, politicians, and government. A public relations campaign can involve a variety of tactics, such as media relations, public speaking, social media engagement, and community outreach, to communicate information about the organization and its activities.
The goal of a public relations campaign is to build and maintain a positive reputation and to gain support for the organization's goals and objectives. In the context of a labor dispute, a union might use a public relations campaign to create negative publicity about an employer's behavior in order to pressure the employer to come to a resolution that is favorable to the union.
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At the beginning of lecture, Dr.McCarty says that the US economy is built to serve:________.
a. The service industry
b. People who own things
c. The lower class
d. The industrial sector
Answer:
At the beginning of lecture, Dr.McCarty says that the US economy is built to serve:________.
b. People who own things
Explanation:
The U.S. economy, which is a mixed economy, exhibits both capitalism and socialism characteristics. While it allows economic freedom to people who own things (capitalists), occasionally, the government intervenes to achieve public good by imposing some restrictions and licensing. The government is also involved in some economic development, especially as it relates to education, roads, and healthcare. As a mixed economy, the government uses monetary and fiscal policies to rein in some of the excesses of capitalism.
During the year, she spent $2,500 on and began working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course). Assuming no reimbursement, how much of these expenses can Janet deduct
Complete Question:
Janet is currently employed at an accounting firm. During the year (2021), she spent $2,500 on a CPA review course and began working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course). Assuming no reimbursement, how much of these expenses can Janet deduct?
Answer:
Janet
Assuming no reimbursement by the accounting firm, Janet can deduct:
= $6,700
Explanation:
a) Data and Calculations:
Amount spent on CPA review course = $2,500
Law school expenses:
Tuition = $4,200
Books = $450
Total expenses by Janet = $7,150
Books not required for enrollment = $450
Qualified deductible expenses = $6,700
b) Therefore, Janet cannot deduct the whole $7,150 expenses that she incurred during the year. But she can deduct up to $6,700. The expense for the books is not qualified because the books are not required for her enrollment or attendance at the law school.
In the country of Cardonia, the natural rate of unemployment is 3.5% according to the Ministry of Economics. Last year there was an economic slow down where the actual rate of unemployment increased to 4.5%. Assuming that the unemployment percentages are accurate for Cardonia, what is the likely outcome for the economy of Cardonia
Answer: Cardonia’s economy will grow until real GDP is equal to potential real GDP and the unemployment rate equals 3.5%.
Explanation:
The natural rate of unemployment refers to the lowest unemployment rate in an economy whereby there is stability of inflation.
Based on the information given, if the unemployment percentages are accurate for Cardonia, then Cardonia’s economy will grow until real GDP is equal to potential real GDP and the unemployment rate equals 3.5%.
Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor. True False
Answer:
True
Explanation:
Gross profit can be regarded as profit
that is made by a company after the deduction of the costs that is associated with producing and selling its products, it can also be explained as the costs that is associated with a company to provide its services. Gross profit usually show income statement of the company, and this is calculated by finding the difference between the cost of goods sold (COGS) as well as revenue (sales).
It should be noted that Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor.
A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. The type of information system most likely to provide this type of information would be classified as a
Answer:
Management information
Explanation:
From the question we are informed about instance, whereby A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. In this case, The type of information system most likely to provide this type of information would be classified as a Management information. Management information system can be regarded as a an information system that is been used in decision-making as well as in the coordination, control and analysis or visualization of information in an organization.
Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.
How can higher data prices negatively affect other producers of goods and services
Answer:
Higher data prices increases the cost of end users to access the sites of the producers of goods and services leading to a reduction of number of potential customers and therefore, reduced online sales, while producers that have marketing networks for sale offline benefits from the redirection of the medium by those customers not willing to pay for the extra data cost to obtain such required goods and services to a nearby or local market
Explanation:
has the following production data: beginning work in process 25200 units (70% complete), started into production 474000 units, completed and transferred out 449700 units, and ending work in process 49500 units (30% complete). Assuming all materials are entered at the beginning of the process, equivalent units of production for materials are:
Answer:
Equivalent units of production= 474,000
Explanation:
To calculate the equivalent units of production, we need to use the following formula:
Units started and completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 424,500 + (49,500*1)
Equivalent units of production= 474,000
As direct material is incorporated at the beginning of the period, its completion is 100%.
The College Bookstore sells a unique calculator to college students. The demand for this calculator is constant at 20 units per day. The lead time for this calculator is variable at an average of 9 days with a standard deviation of 2 days. Compute the statistical reorder point that results in a 95 percent in-stock probability. Choose the closest answer.
a. 182 units
b. 226 units
c. 246 units
d. 26 units
e. 46 units
Answer:
c. 246 units
Explanation:
Daily demand, d = 20 units
Service Level = 95 % = 0.95. Z (according to Standardized Normal Curve) = 1.65
Average Lead Time, LT-bar = 9 days
Standard deviation of Lead Time, σLT = 2 days
Reorder Point = Expected Demand during Lead time + Safety Stock
Reorder Point = d*LT-bar + z*d*σLT
Reorder Point = (20*9) + (1.65*20*2)
Reorder Point = 180 + 66
Reorder Point = 246 units
How can indirect taxes affect consumer spending
Answer:
Indirect tax increases will push up prices, decrease consumption and hence reduce the effects of negative externalities such as damage to the environment.
Indirect taxes are placed on goods and services that raise the price for the consumer to pay more for the item.
Due to an increase in final prices at which goods and services are passed on to end-users, the consumers would have to settle for lesser quantities. As a result, the consumer would now be able to afford the reduced portion of goods or services with reduced resources than he would have been able to.
Social Media Social media can be a far-reaching and impactful tool in the workplace for spreading messages to your audience, building your brand, or even communicating with employees. However, it can also be a source for leaking proprietary information, posting negative comments about a company, and other harmful communication about employees or the company. This activity is important because practices regarding social media in the workplace can be a gray area as social media usage continues to grow. It is increasingly important for managers to know and implement your company's social media rules and to make decisions regarding your employees' social media usage. The goal of this activity is to provide you with techniques for making decisions about social media in the workplace. It is brought to the attention of the Horizon Technologies project manager that one of his employees has told someone outside the company information about a proprietary product, information that was then leaked on social media. How does he handle the situation? How would you? Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided she was still responsible for the social media infringement because she:________
a. didn't complete the social media training
b. argued with her manager.
c. told someone information which led to the social media post.
d. was a habitually bad employee.
e. bad-mouthed the company on social media.
Answer:
C
Explanation:
because she was the one who told the information
What is another non-price determinant that could cause demand to decrease?
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 3,380 devices and took 34 workers two weeks (40 hours per week) to complete. The army contract was for 7,480 devices that were produced by 44 workers in three weeks (40 hours per week). a. Calculate the productivity for navy and army contracts in units produced per labor hour.b. On which contract were the workers more productive?
Answer: See explanation
Explanation:
a. Calculate the productivity for navy and army contracts in units produced per labor hour.
Based on the information given, for the navy contract, the total man hours to make 3380 devices will be:
= 34 × 40 × 2
= 2720 hours
Therefore, the devices per man hour will be:
= 3380/2720
= 1.24 devices per labor hour.
For the army contract, the total man hours to make 7480 devices will be:
= 44 × 40 × 2
= 3520 hours
Therefore, the devices per labor hour will be:
= 7480/3520
= 2.125 devices per labor hour
b. On which contract were the workers more productive?
The workers were more productive on the Army contract as they produced more devices per labor hour.
Beard Company sells a product for $15 per unit. The variable cost is $10 per unit, and fixed costs are $1,750,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $400,000.
Answer:
a. Contribution margin = Selling price - Variable cost per unit
Contribution margin = $15 - $10
Contribution margin = $5 per unit
Break even point in units = Fixed cost / Contribution margin
Break even point in units = $1,750,000 / $5
Break even point in units = 350,000 units
b. Required sale = Fixed cost + Target profit / Contribution margin
Required sale = $1,750,000 + $400,000 / $5
Required sale = $2,150,000 / $5
Required sale = 430,000 units
where do queen bees lay eggs
Answer:
Queens begin laying their eggs in the center of the cell frame,
Explanation:
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Production equipment costing $500,000 has been purchased by a contract manufacturing company to meet the specific needs of a customer (Note: this equipment qualified for a 10% investment tax credit (ITC) at the time of purchase). The contracting award is for a 4-year contract with the possibility of extending the contract for another 4 years. The company plans to use MACRS to depreciate this equipment as a 7-year class property for tax purposes. The income tax rate for the company is 40%, and it expects to have an after-tax rate of return (MARR) of 12% for all its investments. The equipment has generated an annual income of $150,000 for the company for the first four years, however the customer decided not to renew the contract after 4 years. Consequently, the company has decided to sell the equipment for $200,000 at the end of 4 years.
Required:
Use the short-cut method to determine if the company has reached their rate of return (IRR) goal on this contract and investment.
Answer:
Short-cut IRR = 18.75%
The company has not reached their rate of return goal on this contract and investment.
Explanation:
a) Data and Calculations:
Cost of production equipment = $500,000
Qualified investment tax credit (ITC) = 10% = $50,000 ($500,000 * 10%)
Contract period = 4 years with 4 years extension on renewal
Income tax rate for the company = 40%
Expected after-tax rate of return = 12%
Expected before-tax rate of return = 30% (12%/40%)
Annual income generated by the equipment = $150,000 for 4 years
Salvage value at the end of 4 years = $200,000
Short-cut IRR = 100%, divided by the number of years * about 75-80%
= 100%/4 * 75%
= 18.75%
In which area should you encourage 10x thinking?
The 10x thinking is a philosophy created at the companies that suggests that an innovation must occur in the sense of improving something in an organization by 10 times and not just 10%.
An area where 10x thinking can be encouraged would be in information technology companies, as the current business landscape is globalized and competitive, where there is a huge flow of information and technological trends happening all the time.
Information technology is a set of essential activities for any current organization, which, in order to stand out and become competitive in the market, needs to meet greater demands, greater customer prospecting, greater need for organization and security of data related to the business.
Therefore IT companies should be encouraged to use 10x thinking when looking for tools and systems capable of meeting the demands of current organizations and consumers and predicting future trends.
Some relevant forms of innovation would be:
improving the security of computer systems, developing and expanding the internet of things to make people's and companies' lives more automated and dynamic, developing better decision-making systems, etc.Therefore, the technology area would be ideal and possible to develop the 10x thinking philosophy to create new innovative and bold solutions for current and future demands.
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W Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 19,500 units. The total cost in the beginning work in process inventory was $25,800. A total of 56,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.90 for materials and $3.60 for conversion costs. The total cost of the units completed and transferred out of the department was:
Answer:
$308,000
Explanation:
Total cost of the units completed and transferred out of the department:
= Materials cost + Conversion Cost
= (Units transferred out*Cost per equivalent for materials) + (Units transferred out*Cost per equivalent for conversion cost)
= (56,000 * $1.90) + (56,000 * $3.60)
= $106,400 + $201,600
= $308,000
I own this company and I have been running this for the last 10 years. Mia, contact the suppliers at once! Dan, this is not immediately about my decision. leadership style
Answer:
Authoritarian leadership style
Explanation:
In Authoritarian leadership style, the leader or the head of the team imposes expectations and expects definite results from the team members. An advantage of this form of leadership is that the team can excel with good guidance. At the same time, the disadvantage of Authoritarian leadership style is the forceful impositions of assigned work. Constrained periods provided in the completion of the work reduces the employees interest in the work.
In the given situation, the Authoritarian leadership style has been used. The person delegates the work to the employees and wants an immediate response towards it.
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is:___________
Answer:
the debt-to-equity ratio is 1.47
Explanation:
The computation of the debt-to-equity ratio is shown below
= (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) ÷ Total stockholder's equity
= ($5,000 + $1,500 + $2,000 + $300) ÷ $6,000
= 1.47
Hence, the debt-to-equity ratio is 1.47
Therefore the same should be considered and relevant
Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $110 per unit. Variable expenses are $77 per stove, and fixed expenses associated with the stove total $161,700 per month. Required: 1. What is the break-even point in unit sales and in dollar sales? 2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.) 3. At present, the company is selling 15,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes. 4. Refer to the data in Required 3. How many stoves would have to be sold at the new selling price to attain a target profit of $77,000 per month?
Section One: The Business Executive Summary
1. My company name will be:
2. My business purpose is:
3. I have been in business since or plan on starting on:
4. Manager(s) for the company will be:
5. My experience as an owner is:
Answer:
5
Explanation:
because business is start for profit and our experience helps to better our business
A company claims that 10% of the users of a certain allergy drug experience drowsiness. In clinical studies of this allergy drug, 81 of the 900 subjects experienced drowsiness
a. We want to test their claim and find out whether the actual percentage is not 10%. State the appropriate null and hypotheses.
b. Is there enough evidence at the 5% significance level to infer that the competitor is correct?
c. Compute the p-value of the test.
d. Construct a 95% confidence interval estimate of the population proportion of the users of this allergy drug who experience drowsiness.
e. Explain how to use this confidence interval to test the hypotheses.
Answer:
Answer is D
Explanation:
d. Construct a 95% confidence interval estimate of the population proportion of the users of this allergy drug who experience drowsiness.
The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the dividend by 4.5 percent annually. What is the expected value of this stock six years from now if the discount rate is 12 percent
Answer:
$26.05
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid = d0 x (1 + growth rate)
d0 = dividend that was just paid
r = cost of equity
g = growth rate
1.5 x (1.045^6) / 12 - 4.5 = $26.05
is the South African post office a natural or artificial monopoly?motivate
Answer:
The public goods school in economics is getting disproved as we speak about natural monopolies.
Explanation:
Computing Present Values of Single Amounts and Annuities Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following amounts. Round answers to the nearest dollar. a. $130,000 received 10 years hence if the annual interest rate is: 1. 10% compounded annually. Answer 2. 10% compounded semiannually. Answer b. $3,000 received at the end of each year for the next eight years discounted at 8% compounded annually. $Answer c. $900 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually. $Answer d. $260,000 received 10 years hence discounted at 10% per year compounded annually. $Answer
a schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time *
Answer: Demand is what the name suggest it is the demand or need for material or merchandise. Supply is the ability to meet the demend or the difinition you just described. Supply and deman is what makes things that should be cheap expensive and the expensive things cheap. [tex]\color{yellow}{}[/tex]