A clothing manufacturer produces clothing in five locations in the United States. In a move to vertical integration, the company is planning a new fabric production plant that will supply fabric to all five clothing plants. The clothing plants have been located on a coordinate system as follows: Location (X,Y) A 7,2 B 4,7 C 5,5 D 6,2 E 8,4 If the amount of fabric shipped to each plant are equal, what is the optimal location for the fabric plant?

Answers

Answer 1

Answer:

(6,4)

Explanation:

The computation of optimal location for the fabric plant is shown below:-

           X       Y

A          7       2

B          4       7

C          5       5

D          6       2

E          8        4

Total    30      20

[tex]\bar X = \frac{Total\ of\ X}{Total\ number\ of\ locations}[/tex]

[tex]\bar X = \frac{30}{5}[/tex]

= 6

[tex]\bar Y = \frac{Total\ of\ Y}{Total\ number\ of\ locations}[/tex]

[tex]\bar Y = \frac{20}{5}[/tex]

= 4

So, the optimal location for the fabric plant is (6,4)


Related Questions

Interest During Construction Dexter Construction Corporation is building a student condominium complex; it started construction on January 1, Year 1. Dexter borrowed $1 million specifically for the project by issuing a 10%, 5-year, $1 million note, which is payable on December 31 of Year 3. Dexter also had a 12%, 5-year, $3 million note payable and a 10%, 10-year, $1.8 million note payable outstanding all year. In Year 1, Dexter incurred costs as follows: January 1 $280,000 March 1 600,000 June 30 1,000,000 November 1 480,000 Calculate Dexter's capitalized interest on the student condominium complex for Year 1. Capitalized interest

Answers

Answer:

$140,500

Explanation:

first we must calculate the weighted average accumulated expenditures:

incurred costs as follows:

January 1: $280,000 x 12/12 = $280,000

March 1: $600,000 x 10/12 = $500,000

June 30: $1,000,000 x 6/12 = $500,000

November 1: $480,000 x 2/12 = $80,000

total = $1,360,000

now we must calculate the weighted average interest rate on the non construction debt:

12% x $3 million = $360,000

10% x $1.8 million = $180,000

total = $540,000 / ($3,000,000 + $1,800,000) = 11.25%

capitalized interest:

$1,000,000 x 10% (specific construction debt) = $100,000

$360,000 x 11.25% (non construction debt) = $40,500

total $140,500

In Appellia, it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons, and so on. The need for increasing resources is an example of:________.
a. comparative advantage.
b. diminishing returns to specialization.
c. absolute advantage.
d. mercantilism Porter's diamond model.

Answers

Answer:

b. diminishing returns to specialization.

Explanation:

Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.

If the same level of input is used it will result in reduction in output over time.

This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.

It takes more input to increase output by 1 ton

A company reported total assets at the end of 2017 of $95,000; including cash of $35,000, accounts receivable of $20,000, and inventory of $40,000. It reported total assets at the end of 2018 of $110,000; including cash of $44,000; accounts receivable of $29,000, and inventory of $37,000. Compute the net increase or decrease in cash in 2018. Decrease of $9,000 Increase of $15,000 Increase of $9,000 Decrease of $15,000

Answers

Answer:

The correct option is increase of $9,000

Explanation:

The increase or decrease in cash in 2018 could be determined by using the formula below which is coined from the statement of cash flow:

Cash at the end of the year=cash at the beginning plus +increase in cash

cash at the end of 2018 is $44,000 whereas cash at the beginning which is the same at closing balance of 2017 is $35,000

$44,000=$35,000+increase in cash

increase in cash =$44,000-$35,000

increase in cash in 2018=$9,000

You own a portfolio that has a total value of $130,000 and a beta of 1.28. You have another $49,000 to invest and you would like the beta of your portfolio to decrease to 1.18. What does the beta of the new investment have to be in order to accomplish this

Answers

Answer:βB =0.9147=beta of new investment

Explanation:

Total investment= $130,000 + $49,000=  $179,000

Using

Portfolio beta(βp) = wA × βA + wB × βB

Where βp is the portfolio beta coefficient,

wA is the weight of the first investment,

βA is the beta coefficient of first investment;

wB is the weight of the second investment,

βB is the beta coefficient of second investment

but weight of investment is  stock value/ total investment x 100

wA= 130,000/ 179,000X 100=72.63%

WB= 49,000/179,000 X100=27.374%

Portfolio beta(βp) = wA × βA + wB × βB

1.18=(72.63%*1.28)+(27.374% XβB  )  

1.18=0.9296+0.27374βB  

βB i=(1.18-0.9298)/0.27374

βB =0.9147=beta of new investment

Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. Sales discounts $ 890 Office salaries expense 3,400 Rent expense—Office space 2,900 Advertising expense 780 Sales returns and allowances 390 Office supplies expense 780 Cost of goods sold 11,800 Sales 48,000 Insurance expense 2,400 Sales staff salaries 3,900 Required: Prepare a multiple-step income statement for the year ended December 31.

Answers

Answer:

Multiple-step income statement for the year ended December 31.

Sales                                                                   48,000

Less Sales returns and allowances                        390

Net Sales                                                              47,610

Less Cost of goods sold                                     (11,800)

Gross Profit                                                          35,810

Less Operating Expenses :

Sales discounts                                       890

Office salaries expense                       3,400

Rent expense—Office space               2,900

Advertising expense                               780

Office supplies expense                         780

Insurance expense                              2,400

Sales staff salaries                               3,900    (15,050)

Operating  Income / (Loss)                                 20,760

Explanation:

The multiple-step income statement shows separately profit derived from Primary Activities of an Entity (Operating Profit) and the profit that includes Secondary Activities of an Entity (Net Profit)

In this case, Save-the-Earth Co derived its profit only from Primary Activities.

Torche Corporation Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other Liabilities 5,000 Property Plant & Equipment 15,800 Total Liabilities 11,100 Other Assets 900 Paid-In Capital 6,000 Retained Earnings 22,900 Total Equity 28,900 Total Assets 40,000 Total Liabilities & Equity 40,000 Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question. 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit 3. Purchase equipment for $44,000 in cash What is the final amount in Total Liabilities & Equity?

Answers

Answer:

Final amount in Total Liabilities & Equity = $40,015,000

Explanation:

A T-account refers to an informal term that is used to describe a set of financial records that are based on the principle of double-entry bookkeeping. The term T- account is used to indicate how bookkeeping entries appear.

Balance sheet is a statement of financial position used to report assets, liabilities and shareholders' equity of a company.

Note: See the attached excel for the T-accounts prepared and the balance sheet constructed. Just scroll down on the excel file to see everything.

Arizona Crystal is a distributor of feldspar, amethyst and other mystically powerful types of crystals. The owner of Arizona Crystal, Geri Moonbeam, is proud to be a part of the movement that is contributing to the higher spirituality of the world. Geri buys crystals from local collectors and then ships them out to wholesalers throughout the country. Geri pays cash for the crystals, but she extends credit to the wholesalers. As the business has grown, problems have arisen. When Geri buys more crystals than she can sell, inventory increases and cash flow problems arise. When Geri doesn’t buy enough crystals, then she can’t fill orders and that creates problems with her customers. She needs to base her buying decisions on accurate forecasts of the demand for crystals so she can avoid these problems. After consulting her tarot cards, Geri visits a friend from El Paso, Texas, who channels for a Wall Street tycoon who didn’t survive the crash of 1929. He recommends that, since she only has twelve months of data, she should try using a moving average or exponential smoothing forecasting model. So Geri contacts you. She provides you with data on the number of crystals (in thousands) ordered during each of the past twelve months and asks you to help her develop a forecasting model. 8. Use a five period moving average model to forecast the demand in January of 1993. Also calculate the RMSE for this model. Use the table below to carry out your calculations. How does this model compare with the three period model? Month Demand (A) Demand (F) (A-F)2 Jan-92 25.6 Feb-92 24.7 Mar-92 21.3 Apr-92 13.9 May-92 12.6 Jun-92 18.0 Jul-92 21.5 Aug-92 22.3 Sep-92 30.7 Oct-92 15.0 Nov-92 13.8 Dec-92 22.6

Answers

Answer:

Explanation:

Month       Demand (A)        Demand (F)         (A-F)²

Jan-92         25.6                      -                        0

Feb-92        24.7                      -                        0

Mar-92        21.3                       -                        0

Apr-92        13.9                       -                          0

May-92       12.6                19.62          49.28

Jun-92        18.0                18.1             0.01

Jul-92         21.5                17.46          16.32

Aug-92       22.3               17.66           21.53

Sep-92       30.7                21.02          93.7

Oct-92        15.0                21.5            42.25

Nov-92       13.8                20.66         47.06

Dec-92       22.6               20.88         29.58

The demand for january of 1993 is 20.88

RMSE² = 49.28+0.01+16.32+21.53+93.7+42.25+47.06+29.58

=299.73

[tex]=\frac{299.73}{12} \\\\= 24.98[/tex]

RMSE = √24.98

=4.99

The model has higher values of demand and RMSE than that of three month moving average model

On January 1, the Sleepy Monk Coffee Shop paid $15,000 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the Cash and Prepaid Rent accounts. If financial statements are prepared on January 31, the journal entry to record the adjustment would be:

Answers

Answer:

If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250

Explanation:

According to the given data the rent has been expired for one month so only one month's rent expense will be recorded. Therefore to calculate one month's rent expense we have to make the following calculation:

one month's rent=Total rent/period for which rent is paid*1

one month's rent=$15,000/12*1

one month's rent=$1,250

Therefore, If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250

This year, Napa Corporation received the following dividends: KLP Inc (a taxable Delaware corporation in which Napa holds an 8% stock interest) - $55,000 Gamma Inc (a taxable Florida corporation in which Napa holds a 90% stock interest) - $120,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction. Please show complete calculation.

Answers

Answer:

$147,500

Explanation:

Computation of Napa's dividends-received deduction

Napa is said to holds less than 20% stock interest in KLP Inc which means that the dividends received deduction in the case of dividends received from KLP would be 50%.

And in case of dividends received from Gamma, the dividends received deduction would be 100% reason been that KLP holds more than 80% of the stock interest in Gamma.

Hence:

Napa’s dividends-received deduction will be:

= ($55,000 x 50%) + $120,000

=$27,500 +$120,000

= $147,500

Therefore Napa's dividends-received deduction will be $147,500

Annual production and sales level of Product A is 34,300 units, and the annual production and sales level of Product B is 69,550 units. What is the approximate overhead cost per unit of Product A under activity-based costing?

Answers

Answer:

$3.00

Explanation:

Calaculation of the approximate overhead cost per unit of Product A under activity-based costing:

The first step is to calculate for the Activity 1 allocated to Product A line which is :

$87,000 × 3,000/5,800

=$261,000,000/5,800

=$45,000

The second step is to calaculate for Activity 2 allocated to Product A line which is :

$62,000 × 4,500/10,000

$279,000,000/10,000

=$27,900

The third step is to calculate for Activity 3 allocated to Product A line which is :

$93,000 × 2,500/7,750

=$232,500,000/7,750

=$30,000

The total overhead allocated to Product A

$45,000+$30,000+$27,900

= $102,900

Overhead per unit of Product A: $102,900/Annual production of 34,300 units

= $3.00

Therefore the approximate overhead cost per unit of Product A under activity-based costing will be $3.00

On January 1, 2009, a U.S. firm made an investment in Germany that will generate $5 million annually in depreciation, converted at the current spot rate. Projected annual rates of inflation in Germany and in the United States are 5 percent and 2 percent, respectively. The real exchange rate is expected to remain constant, and the German tax rate is 50 percent. Required: Calculate the expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013. Assume that the tax write-off is taken at the end of the year.

Answers

Answer:

The expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013 will be $1,958,815.416.

Explanation:

It is expected that the value of the dollar in the German market will fall at the same rate as that of the real market value of the dollar when we envisage the exchange rate will remain the same. Thus the depreciation of the tax write-off in terms of its real value in dollars will fall at 5% every year from 2009 to 2013.

Therefore, at a tax rate of 50% in Germany, a $2.5 million charge on depreciation on the investment of $5 million will result in 2013.

To calculate the real value of the dollar at an inflation of 5% yearly in 2013

When the tax rate in German is 50%, then charges of depreciation of $5 million will equal4$2.5 million in 2013 dollars. When the dollar's real value of this write-off is declining due to the inflation at 5% annually, the real value in 2013 will be calculated as:

Given: $2,500,000 (P/F , 5%, 5years) ;  0.78356 (factor for calculating the amount to be recieved after  5years)

= $2,500,000 * 0.78356

= $1,958,815.416

From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? (Ch. 18)

Answers

Answer:

weighted moving average

Explanation:

Of all these 4 options, the weighted moving average is the most accurate, as it is possible to place specific weights according to their significance.

The other techniques, such as an average, straight line, or exponential curve, assume things. The weighted average can change to any form.

However, the weighted average can be complicated to use if a long time frame is taken.

Additionally, the consumer will most likely want to adjust the weights as time periods pass. That will contribute to the complexity of applying the methods to a wide range of applications, such as predicting inventory item demand.

Hence, the first option is correct

Assume straight-line depreciation. A company plans to purchase machinery costing $1,000,000 with salvage value of $200,000 after 4 years. After-tax net income is expected to be $55,000, $40,000, $35,000, and $30,000 during the 4 years. Calculate the accounting rate of return. Round your answer to the nearest tenth of a percent.

Answers

Answer:

Accounting rate of return = 6.67%

Explanation:

The accounting rate of return (ARR) is the proportion of the average investment that is earned as profit.

ARR = average operating income/ Average investment

Average income =( 55,000 + 40,000 + 35,000 + 30,000)/4=40,000

Average investment  = initial cost + salvage value/2

                                 = 1,000,000 + 200,000/2 = 600,000

ARR = 40,000/600,000 × 100= 6.67

Accounting rate of return = 6.67%

Answer:

6.7%

Explanation:

You have just turned 30 years​ old, have just received your​ MBA, and have accepted your first job. Now you must decide how much money to put into your retirement plan. You are required to specify a fixed percentage of your salary that you want to contribute. Assume that your starting salary is $ 70 comma 000 per year and it will grow 1.8 % per year until you retire. Every dollar in the plan earns 6.5 % per year. You cannot make withdrawals until you retire on your​ sixty-fifth birthday. After that​ point, you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work until you turn 65. You estimate that to live comfortably in​ retirement, you will need $ 97 comma 000 per year starting at the end of the first year of retirement and ending on your 100th birthday. What percentage of your income do you need to contribute to the plan every year to fund your retirement​ income?

Answers

Answer:

Find attached

Explanation:

The present value of $97,000 per year after retirement for 35 years is computed thus:

=-pv(rate,nper,pmt,fv)

rate is the plan rate of return of 6.5%

nper is 35 years(years after retirement)

pmt is the amount required per year

fv is not applicable is taken as zero

=-pv(6.5%,35,97000,0)=$1,327,634.80  

The amount needed in the account at retirement is the future value of the plan.

Regular yearly payment into the plan is =pmt

=pmt(rate,nper,-pv,fv)

=-pmt(6.5%,35,0,1327634.80)=$ 10,703.74

The percentage of income that must be contributed is found in the attached

Discuss silence is golden in relation to ethics at the work place

Answers

Answer:

Silence is a golden virtue and it involves more of listening than speaking .It is required under certain circumstances and environment. It is always advisable to remain quite silent and not be too quick to respond to situations or issues so as to avoid making and saying wrong words.

The ethics in a workplace involves communicating with others with less amount of talking as possible and more of body languages and signs. This is because the workplace is meant to be a serene place. Lack of serenity can cause distractions and Lower the productivity of the workers.

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $201,000 of raw materials on credit; issued materials to production of $198,000 of which $27,000 were indirect. Minstrel incurred a factory payroll of $153,000, of which $37,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $180,000 during the month, compute the amount of under- or overapplied overhead:

Answers

Answer:

Underapplied overhead=  $6,000

Explanation:

Giving the following information:

Direct labor= $153,000 - $37,000= $116,000

The predetermined overhead application rate= 150% of direct labor cost.

Actual overhead= $180,000

First, we need to allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 116,000*1.5= $174,000

Now, we can calculate the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 180,000 - 174,000

Under/over applied overhead=  $6,000 underallocated

Horizontal analysis: Is also called vertical analysis. Is the presentation of financial ratios. Is a tool used to evaluate financial statement items relative to industry statistics. Is a method used to evaluate changes in financial data across time. Evaluates financial data across industries.

Answers

Answer:

Explanation:

Horizontal analysis is comparing financial statistics or data over a period of time. it is also known as trend analysis. 

Vertical analysis compares line items within the same period.

I hope my answer helps you

Suppose that the government spending multiplier is 3.2 and the tax multiplier is 2.9. This means that, if prices are constant, a $200 billion rise in government spending will __________________, and a $200 billion cut in taxes will _____________________.

Answers

Answer:

At constant prices, a $200 billion rise in government spending will increase Real GDP by 640 billion

and;

A $200 billion cut in taxes will increase real GDP by 580 billion

Explanation:

Government spending multiplier = 3.2

Tax multiplier = 2.9

Mathematically;

ΔY/ΔG = 3.2

ΔY/200 = 3.2

ΔY = 200 * 3.2

ΔY = 640 billion

Cut in taxes;

Tax multiplier = 2.9

ΔY/ΔT = 2.9

ΔY/200 = 2.9

ΔY = 2.9 * 200

ΔY = 580 billion

Technology transfer agreements: Select one: a. protect "distinctive" or "famous" marks from unauthorized uses only when confusion is likely to occur. b. permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment. c. prevent an intellectual property owner from granting to another the right to use protected technology in return for some form of compensation. d. assert that priority of trademark rights in the United States depends upon the priority of use anywhere else in the world.

Answers

Answer:

b. permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment.

Explanation:

Technology transfer agreements can be defined as a contractual agreement between two parties, the licensor (rightful owner of the patent or trademark) and lincesee, granting them the legal rights to use an intellectual property under the stated terms and conditions binding the contract.

An intellectual property is an embodiment of the creative work such as trademark, patent or copyright of an individual, usually an inventor.

Technology transfer agreements allows an intellectual property owner to license or grant to another the right to use its protected technology in return for some form of compensation and permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment because this will further enhance foreign direct investments, expansion and deeply foster world trade among countries.

The Lone Cactus Nursery has the following general ledger account balances as of August.
Purchases $56,211
Freight In 3,000
Purchases Returns and Allowances 500
Purchases Discounts 300
Calculate the net delivered cost of purchases for August.

Answers

Answer:

Net delivered cost of purchase             $58,411

Explanation:

Computation of net delivered cost of purchase.

Particular                                                 Amount

Purchases                                                $56,211

Freight In                                                  $3,000

                                                                $59,211

Less: Purchases Returns                         $500

Less: Purchases Discounts                     $300    

Net delivered cost of purchase             $58,411

T-bills currently yield 5.0 percent. Stock in Danotos Manufacturing is currently selling for $87 per share. There is no possibility that the stock will be worth less than $80 per share in one year.

Required:
a. What is the value of a call option with a $76 exercise price?
b. What is the intrinsic value?
c. What is the value of a call option with a $68 exercise price?
d. What is the intrinsic value?
e. What is the value of a put option with a $76 exercise price?
f. What is the intrinsic value?

Answers

Answer:

a) Call option = Stock price - present value of the exercise price

= $87 – [$76 ÷ 1.05]

= $14.62

b) The intrinsic value is the amount by which the stock price exceeds the exercise price of the call, so the intrinsic value is

= $87 - $76

=$11

c) Call option = Stock price - present value of the exercise price

= $87 – [$68 ÷ 1.05]

= $22.24

d) The intrinsic value is the amount by which the stock price exceeds the exercise price of the call, so the intrinsic value is

= $87 - $68

=$ 19.

e) The value of the put option is $0 because there's no chance the put exhausts the money.

f) The intrinsic value is also $0

Explanation:

Firm B, a calendar year, cash basis taxpayer, leases lawn and garden equipment. During December, it received the following cash payments. To what extent does each payment represent current taxable income to Firm B?

a. $522 repayment of a loan from an employee. Firm B loaned $500 to the employee six months ago, and the employee repaid the loan with interest.

b. $600 deposit from a customer who rented mechanical equipment. Firm B must return the entire deposit when the customer returns the undamaged equipment.

c. $10,000 short-term loan from a local bank. Firm B gave the bank a written note to repay the loan in one year at 9 percent interest.

d. $888 prepaid rent from the customer described in part b. The rent is $12 per day for the 74-day period from December 17 through February 28.

Answers

Answer:

a. $522 repayment of a loan from an employee. Firm B loaned $500 to the employee six months ago, and the employee repaid the loan with interest.

Firm B should recognize $22 as interest income.

b. $600 deposit from a customer who rented mechanical equipment. Firm B must return the entire deposit when the customer returns the undamaged equipment.

The deposit cannot be recognized as income since it is a liability.

c. $10,000 short-term loan from a local bank. Firm B gave the bank a written note to repay the loan in one year at 9 percent interest.

Interests ($900) will be recognized when they are actually paid for in 1 year. No accrued interests must be reported on the balance sheet (December 31).

d. $888 prepaid rent from the customer described in part b. The rent is $12 per day for the 74-day period from December 17 through February 28.

The $888 will be recognized as revenue during the current year.

Explanation:

When a taxpayer is a cash basis taxpayer, it will only report income and expenses that are actually collected or paid for respectively. All accounts receivable or accounts payable are not considered revenues nor expenses.

Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Torres Company received on May 12.

a. May 1 Sold goods costing $3,000 to Campbell Company on account, $5,000, terms 1/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $110.
b. May 7 Campbell Company returned undamaged merchandise previously purchased on account, $200.
c. May 12 Received the amount due from Campbell Company.

Answers

Answer:

Torres Company received  $4,800 on May 12.

Explanation:

When The Sale was made, the following entries apply :

J1

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

J2

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

J3

Freight Expenses $110 (debit)

Cash $110 (credit)

When Campbell Company returned Merchandise :

J1

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

When Campbell Company pays for the goods

The payment is made 2 days out of the discount period, therefore not eligible for discount.

Settle amount in full less Return Allowance of $200

Trade Receivable $4,800 (debit)

Cash  $4,800 (credit)

Conclusion :

Torres Company received  $4,800 on May 12.

Wings Co. budgeted $572,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 196,000 4,900 pounds Weight of materials Machine setup 19,600 560 setups Number of setups Machine repair 1,600 32,000 machine hours Machine hours Inspections 16,500 330 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 220 pounds Machine setup 30 setups Machine hours 16,700 machine hours Inspections 15 inspections The total overhead of Job #971 under the ABC costing is:

Answers

Answer:

Total allocated overhead= $11,435

Explanation:

Giving the following information:

Materials handling $196,000 4,900 pounds

Machine setup $19,600 560 setups  

Machine repair $1,600 32,000 machine hours

Inspections $16,500 330 inspections

Job 971

Direct labor 20 hours

Direct materials 220 pounds

Machine setup 30 setups

Machine hours 16,700 machine hours

Inspections 15 inspections

First, we need to calculate the estimated overhead rate for each activity:

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

Materials handling= 196,000/4,900= $40 per pound

Machine setup= 19,600/560= $35 per setup  

Machine repair= 1,600/32,000= $0.05 per machine hour

Inspections= 16,500/330= $50 per inspection

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Materials handling= 40*220= 8,800

Machine setup= 35*30= 1,050  

Machine repair= 0.05*16,700=835

Inspections= 50*15= 750

Total allocated overhead= $11,435

A firm has sales of $1,140, net income of $218, net fixed assets of $528, and current assets of $284. The firm has $93 in inventory. What is the common-size balance sheet value of inventory

Answers

Answer:

The answer is 11.45%

Explanation:

Solution

Given that:

Firm sales = $1,140

The net income = $218

Net fixed assets = $528

The firm's inventory = $93

The next step is to find the common-size balance sheet value of inventory

Now,

The common size value of inventory would be value of inventory divided by total value of assets.

So,

Total assets=current assets+net fixed assets

=$528+$284 = $812

Therefore,

The common size value of inventory = inventory/Total assets

$93/$812

=11.45%

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $100,000. However, the building carries a $36,000 mortgage that will be assumed by the partnership. Smart is investing $61,000 cash. The balance of Maxwell's Capital account will be:

Answers

Answer:

=$64,000

Explanation:

Max and Smart are forming partnership

Market Value of building = 100,000

The building carried mortgage by the partnership= 36,000

Smart is investing= 61,000

Balance of Maxwell capital Account will be Building value - Mortgage on building

=$100,000 - $36,000

=$64,000

Balance of Maxwell capital Account is equals to =$64,000

Capital account is the account that show the net worth of an enterprise or business in accounting.

The current sections of Flint Corporation’s balance sheets at December 31, 2016 and 2017, are presented here. Flint Corporation’s net income for 2017 was $156,213. Depreciation expense was $27,567.

2017

2016

Current assets
Cash
$107,205

$ 101,079

Accounts receivable
81,680

90,869

Inventory
171,528

175,612

Prepaid expenses
27,567

22,462

Total current assets
$387,980

$390,022

Current liabilities
Accrued expenses payable
$ 15,315

$ 5,105

Accounts payable
86,785

93,932

Total current liabilities
$102,100

$ 99,037



Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

Answer:

209305

Explanation:

Statement of cash flow

Cash from operating activities

Profit after taxation                                                                           156213

Adjustments :

Depreciation                                                                                       27567

Cash flow from operating activities before working capital changes  183780

Working Capital changes :

Change in trade receivables                                                                  9189

Change in inventories                                                                           4084

Change in prepaid expenses                                                                (5105)

Change in trade payables                                                                      7147

Change in accrued expenses                                                                10210  

Cash generated from operations                                                      209305

Which conditions would allow Country X to have an absolute advantage over Country Y in the
production of automobiles?
O Country X's workers eam higher wages
O Country X can manufacture cars more cheaply.
O Country Y has a protective tariff on car imports.
O Country Y subsidizes its automobile industry.
Next​

Answers

Answer:

O Country Y has a protective tariff on car imports.

Explanation:

A protective tariff is "a tariff imposed to protect domestic firms from import competition "

Answer:

Country X can manufacture cars more cheaply.

Explanation:

took test

On September 30, 2018, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $480 million. The bonds mature on September 30, 2038 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30.

Required:
Determine the price of the bonds on September 30, 2018.

Answers

Answer:

The price of the bonds today is $397.64 million (rounded off to two decimal places)

Explanation:

The price of a bond is calculated as the present value of the face value of the bond discounted at the market interest rate plus the present value of the annuity of interest payments related to the bond discounted at the market interest rate or the Yield to Maturity (YTM).

The formula for the price of the bond is attached hereby.

Semi annual coupon rate = 8%/2  = 4%

Semi annual market interest rate = 10% / 2 = 5%

Number of semi annual interest periods = 20 * 2 = 40 periods

The interest paid by the bond semi annually is = 480 * 0.04 = $19.2 million

Price of the bond = 19.2 * [(1 - (1+0.05)^-40) / 0.05] + 480 / (1+0.05)^40

Price of the bond = $397.6363855 million rounded off to $397.64 million

The Sunland Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $80 a night. Operating costs are as follows:

Salaries $5,400 per month
Utilities $1,200 per month
Depreciation $1,100 per month
Maintenance $2,140 per month
Maid service $19 per room
Other costs $37 per room

Required:
a. Determine the inn's break-even point in number of rented rooms per month.
b. Determine the inn's break-even point in dollars.

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

The inn has 50 rooms that it rents at $80 a night.

Operating costs are as follows:

Salaries $5,400 per month

Utilities $1,200 per month

Depreciation $1,100 per month

Maintenance $2,140 per month

Maid service $19 per room

Other costs $37 per room

We won't take into account the depreciation expense because it is not a cash disbursement.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Fixed costs= 5,400 + 1,200 + 2,140= $8,740

Variable cost= 19 + 37= $56

Break-even point in units= 8,740 / (80 - 56)

Break-even point in units= 364 rented rooms

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 8,740 / (24/80)

Break-even point (dollars)= $29,133

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