Answer:
0.07 hamburgers per dollar
Explanation:
The computation of the factory total productivity is shown below:
As we know that
Productivity is
= Output ÷ total cost
where,
output is
= 2,850 hamburgers × 45 working weeks per year
= 128,250
And, the total cost is
= equipment + utility + labor
The equipment is
= $68,682 ÷ 5 years
= $13,736.40
The utility is
= $5,963 × 12 months
= $71,556
And, the labor is
= $4,372 × 35 employees × 12 months
= $1,836,240
Now total cost is
= $13,736.40 + $71,556 + $1,836,240
= $1,921,532.40
So, the factory total productivity is
= 128,250 ÷ $1,921,532.40
= 0.07 hamburgers per dollar
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29,197 Inventory 31,858 36,758 Total Current Assets 156,774 155,103 Total Assets 481,648 433,593 Total Current Liabilities 28,578 21,489 Total Liabilities 260,101 205,624 Sales 473,864 Cost of Goods Sold 142,263 Operating Expenses 148,349 Tax Expense 7 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Answer:
Rock Inc.
Gross profit ratio:
= 0.70
Explanation:
a) Data and Calculations:
Sales $473,864
Cost of Goods Sold 142,263
Gross profit $331,601
Gross profit ratio = Gross profit/Sales
= $331,601/$473,864
= 0.69978
= 0.70
b) Rock's gross profit is the difference between the Sales Revenue and the Cost of Goods Sold. It is the first profit point on the Income Statement. It measures the company's ability to convert sales revenue into profit after accounting for the cost of goods sold. This profit will cover the expenses incurred in running the business for the particular period.
Type the correct answer in the box. Spell all words correctly.
Which business model is used by some of the software development companies that create apps for smart phones?
Some software companies that develop apps for smart phones make use of the BLANK
business model to attract and retain customers.
Answer:
freemium
Explanation:
Some software companies that develop apps for smartphones make use of the Freemium business model to attract and retain customers.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business model refers to a strategy to seek growth in business and to retain customers by generating high levels of customer satisfaction for them and helps to achieve loyalty and cretes goodwill in the market which helps in strengthening the position of the business.
Freemium is a business model used by software companies as it provides an advanced strategy that helps businesses to attract and retain customers by providing them with value-added services.
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Commitment either you do or you don’t there’s no in between
What does this quote mean to you? (3-5 sentences )
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $ 18,000 126 Supplies 11,800 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation—Equipment $ 6,500 307 Common stock 8,443 318 Retained earnings 37,600 319 Dividends 6,000 404 Services revenue 37,300 612 Depreciation expense—Equipment 2,000 622 Salaries expense 21,746 637 Insurance expense 1,567 640 Rent expense 2,499 652 Supplies expense 1,231 Totals $ 89,843 $ 89,843 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year.
Answer:
Cruz Company
1. Closing Journal Entries:
Debit Income Summary $29,043
Credit:
612 Depreciation expense
—Equipment $2,000
622 Salaries expense 21,746
637 Insurance expense 1,567
640 Rent expense 2,499
652 Supplies expense 1,231
To close expenses to Income Summary.
Debit 404 Services revenue $37,300
Credit Income Summary $37,300
To close Service Revenue to Income Summary.
Debit Statement of Retained Earnings $6,000
Credit Dividends $6,000
To close Dividends to Statement of Retained Earnings.
Debit Income Summary $8,157
Credit Statement of Retained Earnings $8,157
To close the Income Summary to the Statement of Retained Earnings
2. Cruz Company
Post-Closing Trial Balance as of December 31:
No. Account Title Debit Credit
101 Cash $ 18,000
126 Supplies 11,800
128 Prepaid insurance 2,000
167 Equipment 23,000
168 Accumulated depreciation
—Equipment $ 6,500
307 Common stock 8,443
318 Retained earnings 39,857
Totals $ 54,800 $ 54,800
Explanation:
a) Data and Calculations:
Cruz Company
Trial Balance as of December 31:
No. Account Title Debit Credit
101 Cash $ 18,000
126 Supplies 11,800
128 Prepaid insurance 2,000
167 Equipment 23,000
168 Accumulated depreciation
—Equipment $ 6,500
307 Common stock 8,443
318 Retained earnings 37,600
319 Dividends 6,000
404 Services revenue 37,300
612 Depreciation expense
—Equipment 2,000
622 Salaries expense 21,746
637 Insurance expense 1,567
640 Rent expense 2,499
652 Supplies expense 1,231
Totals $ 89,843 $ 89,843
b) Income Summary
Service Revenue $37,300
less Expenses 29,043
Net Income $8,257
c) Statement of Retained Earnings
Retained Earnings, beginning $37,600
Add net income 8,257
Less Dividends 6,000
Retained Earnings, ending $39,857
Tammy, a resident of Virginia, is considering whether to purchase a North Carolina bond, face amount $100,000, that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Tammy is aware that State of Virginia bonds of comparable risk are yielding 4.5%. Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Which of the two options will provide the greater after-tax return to Tammy? Tammy can deduct all state taxes paid on her Federal income tax return
Answer:
It should purchase the Virginia Bonds.
Explanation:
As the bonds are from another State they will be subject to taxation from both, the state and the Federal Government:
We comparethe after-tax yields:
North Carolina
0.046 x (1 - 0.40) = 0.0276 = 2.76% after-tax
Virginia
0.045 x (1 - 0.35) = 0,02925 = 2.925% after-tax
As the bond within the state provides a better yields Tammy should purchase there.
Vertis Corporation is interested in cutting the amount of time between when a customer places an order and when the order is completed. Details for the first quarter of the year are provided here. Choose the correct answer from the options provided. Days Wait time 14 Inspection time 0.6 Process time 5 Move time 0.4 Queue time 6 What is the throughput time
Answer:
12
Explanation:
Computation for throughput time
Using this formula
Throughput time = Process time + Inspection time + Move time + Queue time
Let plug in the formula
Throughput time=5+0.6+0.4+6
Throughput time=12
Therefore the Throughput time will be 12
An investment offers $5,500 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value be today if the payments occurred for 45 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What would the value be today if the payments occurred for 70 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What would the value be today if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
a. What would the value be today if the payments occurred for 20 years?
this is an ordinary annuity, so we can use the present value of an ordinary annuity formula:
present value = annuity payment x annuity factor
annuity payment = $5,500PV annuity factor, 7%, 20 periods = 10.594present value = $5,500 x 10.594 = $58,267
b. What would the value be today if the payments occurred for 45 years?
present value = annuity payment x annuity factor
annuity payment = $5,500PV annuity factor, 7%, 45 periods = 13.60552present value = $5,500 x 13.60552 = $74,830.36
c. What would the value be today if the payments occurred for 70 years?
present value = annuity payment x annuity factor
annuity payment = $5,500PV annuity factor, 7%, 70 periods = 14.16039present value = $5,500 x 13.60552 = $77,882.25
d. What would the value be today if the payments occurred forever?
we must use the perpetuity formula:
present value = $5,500 / 7% = $78,571.43
Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 10%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.80%. What is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places.
Answer:
284%
Explanation:
You calculate it using the conversion method
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual sales of $100,000 in the most recent annual report. Over the past year, how often did Polk Software Inc. sell and replace its inventory
Answer:
Over the Past year the Polk Software Inc sold and replaced its inventory at 4.57x(times)
Explanation:
Value of inventory = Total current assets - Cash - Account receivable
Value of inventory = 73,000 - 32,850 - 18,250
Value of inventory = $21,900
Inventory turnover ratio = Sales/ Inventory
Inventory turnover ratio= $100,000 / $21,900
Inventory turnover ratio= 4.57 times
Over the Past year the Polk Software Inc sold and replaced its inventory at 4.57x(times)
Which of these Nonforfeiture Options continue a build-up of cash value?a. Waiver of Premiumb. Extended Termc. Reduced Paid-Upd. Cash Surrender
Answer:
Reduced Paid-Up
Explanation:
Nonforfeiture provision in insurance allows for a partial or full refund of premiums paid in case of non payment by the client over a period of time.
Refunds are made before the policy expires.
Reduced Paid-Up option allows the original death benefit to remain without future payments of premiums.
So when there is non payment of premiums over time the original amount going to the beneficiary remains and increases in value
Gil is a Baxley Co. salesman desperate to make quota by the end of year 3. On the afternoon of December 31, year 3, he convinces a longtime customer with excellent credit to sign a contract to accept delivery of Baxley Co.’s Widgetron Deluxe. Gil promises the customer a deep discount off the list price that they can ‘hash out later’ if the customer is 100% happy with the product. Gil does not tell the customer that the company’s policy in such cases is to offer the maximum discount of 30%. The customer states he will have to consult an astrologer and a groundhog to determine if he is happy with the product. Gil oversees the delivery that evening of the Widgetron Deluxe. Should the revenue from this sale be recognized in year 3? Why or why not?
Answer:
No, the revenue should not be recognized in year 3.
Explanation:
In this case, the client has a right to return the Widgetron Deluxe (the product sold). Apparently the client isn't even convinced that he wants to buy it and consulting an astrologer and a groundhog on whether he should keep it or not is not something normal. Gil didn't even tell the customer the price of the Widgetron Deluxe which makes things even more messy.
Revenue from this specific sale should only be recognized after the right to return expires or both the groundhog and the astrologer are happy with it.
Use the following information to answer the next 6 questions. Suppose you have $1000 side money. You have two options: spend this money today, or save it for the future. You are offered the following investment opportunity that if you lend the $1000 out today, you will receive $1200 dollars one year later. You think this is a good deal, accept it, and lend your money out. To keep a track of the price level, you check the Bureau of Labor Statistics webpage, and find that the CPI for today is 100. Your nominal interest rate from this investment is
Answer:
20%
Explanation:
The nominal interest rate is the interest rate that you receive for a deposit or an investment without considering any type of adjustment due to inflation.
nominal interest rate = [(future value / present value) - 1] x 100 = [($1,200 / $1,000) - 1] x 100 = 0.2 x 100 = 20%
If you want to calculate the real interest rate, you must adjust your nominal interest rate by the period's inflation rate.
Job qualifications refers to the education, work experience, and skills appearing on a job opening.
1)true
2)false
Answer:
The term job qualifications refers to the education, work experience, and skills appearing on a job opening. Recruiters and hiring managers use the list of required and desired job qualifications when selecting applicants for an interview, so its true.
The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,500 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages?
a. $534.60.
b. $613.80.
c. $79.20.
d. $465.00.
e. $0.00.
Answer:
d. $465.00
Explanation:
Calculation for the amount of total unemployment taxes
FUTA tax rate $60.00
(0.8%×$7,500)
SUTA tax rate $405.00
(5.4%×$7,500)
Total unemployment taxes $465.00
Therefore the amount of total unemployment taxes the employer must pay on this employee's wages will be $465.00
"Choose your favorite financial institution: bank or credit union. Are the Financial Statements available online? How do they compare to the financial statements in the Banking Game? Could you provide the URL to your financial institutions financial statements?"
Answer:
I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.
The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.
Explanation:
Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.
A "trade secret" Group of answer choices is legally equivalent to a patent or copyright. need not be treated confidentially by the company in order to be protected. can be almost any information not generally known if it is valuable to its possessor and treated confidentially. is a narrow, precise concept that the law defines in great detail.
Answer:
can be almost any information not generally known if it is valuable to its possessor and treated confidentially
Explanation:
Trade secret is any information that is not known by the public and it gives the firm an edge over its competitors and gives the firm that has the secret economic benefits.
There is an active effort to keep trade secret confidential
What is considered as a trade secret differs by region.
An example of a trade secret is a secret recipe used in making a pie. No one knows this recipe apart from the owner. This recipe gives the pie made a distinct taste that attract customers
Reynold's Grocery has fixed costs of $350,000, the unit selling price is $29, and the unit variable costs are $20. What is the break-even sales (units) if the variable costs are decreased by $4?
Answer:
26,923
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
variable cost per unit = $20 - $4 = $16
$350,000 / ($29 - $16) = 26,923
Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect exporting.c. Passive or sporadic exporting.d. Inactive exporting.e. None of the above.
Answer:
c. Passive or sporadic exporting
Explanation:
Passive or sporadic exporting is a business operations related term that is used in describing a form of exporting activities or carrying out an exchange of commodities stimulated by unrequested examinations from abroad.
Hence, in this case, the correct answer is Exporting only after receiving unsolicited foreign inquiries is best described as "Passive or sporadic exporting"
The XYZ Brewery Corporation undertook an advertising campaign which appeared to encourage pre-legal-drinking-aged teenagers to consume its high-powered malt liquor. The FTC can take action against XYZ on grounds that the advertising campaign is in violation of the _____ doctrine.
Answer:
"Unfairness" is the correct approach.
Explanation:
The theory of unfairness is a concept of U.S. trade regulatory law according to which the federal communications commission could indeed rule a business practice "unfair" because it would be discriminatory or detrimental to customers and although the practice is not an antitrust infringement.An intensifying antitrust breach, a violation including its "heart" of government regulations, or a misleading activity.
What are some ways to build relationships within the core team?
Answer:
some of these ways are included in the answers below
Explanation:
To build relationship within the core team:
1. You have to recognize and acknowledge the individual motives and effort of team members
2. You have to make room for open communication in the team
3. You have to develop a way of sharing values in the team
4. Everyone should be carried along when it comes to meaningful project learning
5. At periods of success, you have to celebrate such.
6. Communicate well and properly especially when it come to periods of conflicts.
Typically, low inflation is a sign of a healthy economy because it results from a steady rise in demand. a healthy economy because it results from a steady rise in supply. a struggling economy because it results from a steady fall in demand. a struggling economy because it results from a steady fall in supply.
Inflation is a general progressive increase in the price of goods and services in an economy. Hence each unit of currency buys fewer units of goods and services.
A healthy economy is one that has a steady rise in demand and supply. Inflation is the steady rise in prices over a time period and if you have taken a loan, and income is fixed it can lead to problems.Hence the option A is correct.
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Answer:
option A
Explanation:
Chip Wilson, Lululemon's founder, envisioned creating high-quality sportswear, found low-cost producers, realized sales that exceeded those of competitors, established a corporate culture, and formulated a marketing strategy. Of these activities, which would be first and last in the strategic planning process?
Answer:
d. envisioning high-quality sportswear and realizing high sales
Explanation:
At the first step of strategic planning process he identifies the opportunity which lies in high quality sportswear. At the last step execution is done for making the opportunity being realized by achieving the high sales.
Options to the question are: " a. finding producers and establishing a corporate culture ; b. establishing a corporate culture and formulating a marketing strategy ; c. formulating a marketing strategy and envisioning high-quality sportswear ; d. envisioning high-quality sportswear and realizing high sales
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6. Bill could increase his utility by:
Answer:
INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger
Explanation:
Based on the information given we were told that Bill uses his whole budget to purchase the following :
5 cans of Pepsi
3 Hamburgers per week
And the following were the price:
Pepsi costs $1 per can
Hamburger cost $2
Bill marginal utility:
Pepsi 4
Hamburgers 6
Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.
Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.
Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.
All too often companies today have failed to______________ their various communicationschannels, resulting in a hodgepodge of communications to consumers.
A) promote
B) rechannel
C) integrate
D) open
E) verify
Answer:
C) integrate
Explanation:
Communication is a key element in the relationship between a company and its consumers. It is needed to keep consumers abreast of current products and services offered by the company.
Integrated communication is when a company controls or influences all messages to the consumer in order to improve strategic relationships with them.
It is a well planned use of all communication channels to give a unified message to consumers
Which of the following are trade-offs faced by a family deciding whether to buy a new car? Check all that apply. The same vehicle model is available at various car dealerships. A newer model offers better protection and functions but is more expensive than an older model. The vehicle is available in several colors.
Answer:
A newer model offers better protection and functions but is more expensive than an older model.
Explanation:
A trade-off is the opportunity cost of a decision. It is the next best option forgone when one alternative is chosen over other alternatives.
If the family buys the new car, it would not be able to buy the newer, better and more expensive model which is the next best option
Explain how the Pizza Hut website uses the seven website design elements.
Answer:
Context
Website Content
Integrated Marketing
Website communication
Website customization
Pop ups
Live Chat options
Explanation:
Pizza hut is one of the leading restaurant chains of the world. It has designed its website in such a way that it is easy for the customers to access it. The website design has unique and different layout which makes it easy for its customers to place orders and find information regarding its products. The website opens with pizza picture display which makes a person hungry at the moment and he is unable to control his crave for pizza. This is good marketing tool with which every visitor is inspired. Live chat options are available if a customer wants to ask any question regarding the products and their queries are instantly resolved.
The owner of a bicycle repair shop forecasts revenues of $212,000 a year. Variable costs will be $63,000, and rental costs for the shop are $43,000 a year. Depreciation on the repair tools will be $23,000. a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. b. Calculate the operating cash flow for the repair shop using the three methods given below: Now calculate the operating cash flow. Dollars in minus dollars out. Adjusted accounting profits. Add back depreciation tax shield.
Answer:
Sales Revenue 212,000
Variable Cost (63,000)
Rent Expense (43,000)
Depreciation Expense (23,000)
Income before taxes 83,000
Income tax expense (16,600)
Net Income 84,800
Cash from operating activities 107,800
tax-shield from depreciation 4,600
Explanation:
Cash flow from operations (indirect method)
net income 84,800 + depreciation expense = 107,800
The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.
23,000 x 20% = 4,600
$1,000 of supplies were purchased at the beginning of the month. $300 were used during the month. (The Supplies account was increased at the time of the initial purchase.) Demonstrate the required adjusting journal entry by selecting from the choices below. (Check all that apply.) Multiple select question. Supplies would be credited for $300. Supplies would be debited for $300. Supplies expense would be debited for $300. Supplies expense would be debited for $700. Supplies expense would be credited for $300.
Answer:
Supplies expense would be debited for $300 and Supplies would be credited for $300
Explanation:
The adjusting entry for supplies is shown below:
Supplies expense Dr $300
To Supplies $300
(Being the supplies is adjusted)
Here we debited the supplies expense as it increased the expense and credited the supplies as it also increased the asset so that the proper journal entry could be recorded and proper posting could be done
Hannah has a small business making clothing alterations. Which of the following products would dramatically affect her profit margins if the price were to decrease for that product?a. sewing machinesb. Threadc. Dresses
Answer: thread
Explanation:
From the question, we are informed that Hannah has a small business making clothing alterations. The product that would dramatically affect her profit margins if the price were to decrease for that product will be thread.
This is because Hannah makes cloth alterations and thread is something that she uses constantly for her business, so a decrease in the price of thread will definitely have an impact on her profit for the business.
The following amounts were reported by Howe Company before adjusting its immaterial overapplied manufacturing overhead of $16,000. Raw Materials Inventory $80,000 Finished Goods Inventory $120,000 Work in Process Inventory $200,000 Cost of Goods Sold $1,460,000. What is the amount Howe will report as cost of goods sold after it disposes of its overapplied overhead
Answer:
$1,444,000
Explanation:
Given the data as seen below,
Over applied manufacturing overhead = $16,000
Raw materials inventory= $80,000
Finished goods inventory = $120,000
Work in process inventory = $200,000
Cost of goods sold = $1,460,000
Therefore, the amount Howe will report as cost of goods sold after it disposes off its overhead applied will be;
= Cost of goods sold - over applied manufacturing overhead
= $1,460,000 - $16,000
= $1,444,000
