The hotel sold 140 rooms out of 200 available, so the yield is (140/200) * 100 = 70%. Therefore, the hotel's yield last night was 70%..
To calculate the yield, we need to determine the percentage of rooms sold out of the total available. The hotel sold 140 rooms out of 200 available, so the yield is (140/200) * 100 = 70%. Therefore, the hotel's yield last night was 70%. To calculate the hotel's yield last night, we need to determine the percentage of rooms sold out of the total available. The total number of rooms available was 200, and the number of rooms sold at rack rate was 140.
To find the yield, we divide the number of rooms sold (140) by the total number of rooms available (200) and then multiply by 100 to get the percentage.
Yield = (Number of rooms sold / Total number of rooms available) * 100
Yield = (140 / 200) * 100
Yield = 0.7 * 100
Yield = 70%
Therefore, the hotel's yield last night was 70%. So, the correct answer is option (d) 70%.
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b. Morning star plc. is a manufacturer of computer accessories. The following are details for the year ended December 31, 2020. Cash = 80,000 Inventories 40,000 Salaries expenses = 10,000 Payables = 40,000 Short term borrowings - 60,000 P.P.E=240,000 Receivables 70,000 Furniture - 30,000 Long term loans 140,000 Interest Expenses = 12,000 Required: Using the information above, compute the Company's below ratio and comment on each: a. Acid-test ratio b. Current ratio c. Gearing ratio (15 Marks) KOU EQ
This information was used to calculate the company's ratios to evaluate its liquidity and solvency.
The acid-test ratio was computed by dividing the quick assets (cash and receivables) by current liabilities. The result was 2, indicating that the company had twice the amount of quick assets required to pay off its current liabilities. The current ratio, which divides total current assets by total current liabilities, was 2 as well, demonstrating the same result as the acid-test ratio. Lastly, the Gearing ratio was computed by dividing long-term loans by total assets, resulting in a ratio of 0.31, indicating that the company had a relatively low reliance on debt financing.
Overall, Morning Star PLC had strong liquidity and solvency ratios, indicating that it had sufficient resources to pay off its current liabilities and low reliance on debt financing.
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The primary advantage of division of labour is based upon: a. specialisation b. concentration of authority c. concentration of responsibility d. conservation of resources e. none of the above
The primary advantage of the division of labor is based upon specialization. Option A.
What is the Division of Labour?The phrase "division of labor" refers to the breakdown of a production procedure into small tasks, each of which is accomplished by a separate worker, also known as specialization.
Specialization refers to the practice of separating tasks among individuals, each of whom is responsible for only one aspect of the job.
According to Adam Smith's principle, the division of labor raises economic output by increasing the output of specialized workers and reducing production costs. It creates more specialized and competent employees who are more knowledgeable and skilled at their work, resulting in higher quality and productivity.
Therefore, the primary advantage of the division of labor is based upon specialization.
Hence, the right answer is option A.
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unemployment rates over the past 50 years have tended to hover around:
The unemployment rates over the past 50 years have varied significantly and have not remained consistently at a specific level. However, I can provide you with a general overview of the unemployment trends during this period.
In the United States, for example, the overall unemployment rate has gone through periods of both high and low levels. Here are some notable trends:
1970s: The 1970s experienced several economic challenges, including the oil crisis and high inflation. Unemployment rates were generally higher during this decade, with peaks reaching around 9-10%.1980s: In the early 1980s, the United States faced a severe recession, resulting in high unemployment rates. The rates peaked at around 10-11%. 1990s: The 1990s saw a period of economic expansion, commonly referred to as the "dot-com boom." Unemployment rates generally decreased during this decade, reaching relatively low levels of around 4-6%.Early 2000s: The early 2000s experienced an economic downturn following the burst of the dot-com bubble and the September 11 attacks. Unemployment rates increased again, peaking at around 6-7%.Late 2000s: The global financial crisis of 2008 led to a severe recession, causing a significant spike in unemployment rates. In the United States, the rates reached a peak of around 10% in 2009 and remained elevated for several years.Learn more about unemployment rate here : brainly.com/question/29854835
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Conn Man's Shops, a national clothing chain, had sales of $340 million last year. The business has a steady net profit margin of 81 percent and a dividend payout ratio of 35 percent. The balance sheet for the end of last year is shown. Balance Sheet End of Year (in 5 millions) Assets. Liabilities and Stockholders' Equity. $ 34 Accounts payable. $64 Cash Accounts receivable Inventory 29 Accrued expenses 30 75 59 Other payables. Common stock Plant and equipment 100 68 Retained earnings 17 $238 $238 Total liabilities and stockholders' equity Total assets The firm's marketing staff has told the president that in the coming year there will be a large increase in the demand for overcoats and wool slacks. A sales increase of 20 percent is forecast for the company. All balance sheet items are expected to maintain the same percent-of-sales relationships as last year," except for common stock and retained earnings. No change is scheduled in the number of common stock shares outstanding, and retained earnings will change as dictated by the profits and dividend policy of the firm. (Remember, the net profit margin is 8 percent.) "This includes fixed assets, since the firm is at full capacity. a. Will external financing be required for the company during the coming year? O No O Yes b.
External financing may be required for Conn Man's Shops during the coming year due to the forecasted increase in sales and the need for potential adjustments in retained earnings.
Conn Man's Shops is anticipating a 20% increase in sales for the coming year, which will likely require additional resources to support the higher demand for overcoats and wool slacks. While the balance sheet items are expected to maintain the same percent-of-sales relationships as the previous year, there are two factors that could necessitate external financing.
Firstly, the retained earnings of the company will change based on the profits and dividend policy. The net profit margin is 8%, and the dividend payout ratio is 35%. As sales increase by 20%, it is likely that retained earnings will also grow. If the retained earnings are not sufficient to finance the increased sales and meet the dividend payout ratio, external financing may be required. Secondly, the company mentions that they are at full capacity for their fixed assets. With the projected sales growth, it is possible that the existing plant and equipment may not be adequate to handle the increased production volume. If additional fixed assets or production facilities are required to meet the demand, external financing may be necessary to fund these investments.
Considering these factors, it is likely that Conn Man's Shops will require external financing during the coming year to support the increased sales, potential adjustments in retained earnings, and the need for additional fixed assets. The specific financing needs will depend on the magnitude of the sales increase, the dividend policy, and the extent of capacity constraints faced by the company. Proper financial planning and analysis will help determine the exact financing requirements and identify the most suitable sources of external funding.
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A seafood processing company is considering the use of 2 types of fish processing machines based on their costs.
Locally made machine, the price is Rp. 84 million with a technical life of 6 years and a final value of zero. The operational cost of this locally made machine is Rp.17 million per year. Machine made in Korea, the price is Rp.108 million with a technical life of 9 years, the final value is zero.
The operational cost of this Korean-made machine is Rp.15 million per year.
If a Korean-made machine is selected, a tax fee of Rp.2 million every year.
Question:
Draw a flow chart and use Annual analysis with i= 16%, so that company management can decide whether to buy a locally made machine or a Korean-made machine
The seafood processing company is deciding between a locally made machine and a Korean-made machine for fish processing. The locally made machine costs Rp. 84 million with an annual operational cost of Rp. 17 million, has a technical life of 6 years, and zero final value.
To analyze the cost-effectiveness of the machines, we can calculate the present worth (PW) of each option and compare them. The PW is the sum of the present values of the initial cost and the annual operational costs over the machine's technical life.
For the locally made machine:
PW = -Rp. 84 million + (Rp. 17 million /[tex](1 + 0.16)^1)[/tex]+ (Rp. 17 million / [tex](1 + 0.16)^2)[/tex] + ... + (Rp. 17 million / [tex](1 + 0.16)^6[/tex])
For the Korean-made machine:
PW = -Rp. 108 million + (Rp. 15 million / [tex](1 + 0.16)^1)[/tex] + (Rp. 15 million / (1 + [tex]0.16)^2)[/tex] + ... + (Rp. 15 million / ([tex]1 + 0.16)^9)[/tex]
After calculating the present worth for each machine, the company should select the option with the lower present worth value. If the present worth of the locally made machine is lower, it would be more cost-effective to choose that option. On the other hand, if the present worth of the Korean-made machine is lower, it would be the more economical choice.
By comparing the present worth values using the annual analysis approach with an interest rate of 16%, the company can make an informed decision based on the cost-effectiveness of the two machines.
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In contemporary economies, the Central Bank targets the policy rate rather than the supply of money. In the money market graph this implies O A positively sloped money supply curve OA perfectly horizontal money supply curve A perfectly vertical money supply curve O The money supply curve changes depending on the type of open market operations decided by the Central Bank
In contemporary economies, the Central Bank targets the policy rate rather than the supply of money. In the money market graph, this implies a perfectly horizontal money supply curve.
The Central Bank, also known as the monetary authority, has the task of regulating the economy's supply of money. Monetary policy, which includes activities such as adjusting interest rates and regulating the supply of money, is used by the Central Bank. Monetary policy involves the use of monetary tools to manage the supply of money and credit in the economy.The Central Bank targets the policy rate rather than the supply of money. To put it another way, monetary policy is used to control short-term interest rates, also known as the policy rate. The money market graph is a chart that shows the relationship between the supply of money and the demand for money. A perfectly horizontal money supply curve is depicted in this chart
.In summary, a perfectly horizontal money supply curve is shown in the money market graph when the Central Bank targets the policy rate instead of the money supply.
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Home office bills its branches for merchandise shipments at 25% above cost of. The following are some of the account balances appearing on the books of home office and its branch as of December 31
Home Office Books Branch Books
Inventory, Jan. 1 22,500 36,000
Shipments from home office 210,000
Purchases 675,000 225,000
Shipments to branch 180,000
Allowance for overvaluation of branch inventory 49,500
Sales 900,000 540,000
Operating expenses 217,500 82,500
The ending inventory of the branch of 54,000 includes goods from outside purchases of 12,000; the ending inventory of the home office is 112,500.
Required:
I. The amount of shipments in transit at cost
II. The overstatement of branch cost of sales
III. The combined net income for the year
I. The amount of shipments in transit at costIn order to determine the amount of shipments in transit at cost, we first need to compute the branch cost of merchandise sold. We can do this by adding the beginning inventory to the cost of shipments to the branch and then subtracting the ending inventory of the branch. The calculation is shown below:Beginning inventory $36,000Cost of shipments from home office 210,000Purchases 225,000Cost of merchandise available for sale 471,000Less: Ending inventory (54,000 - 12,000) 42,000Branch cost of merchandise sold $429,000Now, to determine the cost of shipments in transit, we need to subtract the branch cost of merchandise sold from the total shipments from home office:Shipments from home office $210,000Less: Branch cost of merchandise sold 429,000Cost of shipments in transit (219,000)II. The overstatement of branch cost of salesTo determine the overstatement of branch cost of sales, we need to calculate the correct cost of merchandise sold by the branch. The cost of merchandise sold by the branch is the beginning inventory plus the cost of shipments from the home office plus the purchases minus the ending inventory. The calculation is shown below:Beginning inventory $36,000Cost of shipments from home office 210,000Purchases 225,000Cost of merchandise available for sale 471,000Less: Ending inventory (54,000 - 12,000) 42,000Correct cost of merchandise sold by the branch $429,000The overstatement of branch cost of sales is the difference between the correct cost of merchandise sold and the reported cost of merchandise sold. The reported cost of merchandise sold is $540,000, as given in the question. Thus, the overstatement is:Reported cost of merchandise sold $540,000Less: Correct cost of merchandise sold 429,000Overstatement of branch cost of sales $111,000III. The combined net income for the yearThe combined net income for the year is the sum of the net incomes of the home office and the branch. To calculate these, we first need to compute the cost of sales and gross profit for each entity. The calculations are shown below:Home OfficeBranchSales $900,000 $540,000Cost of merchandise sold (inventory, Jan. 1 + purchases + shipments - inventory, Dec. 31) 510,000 429,000Gross profit $390,000 $111,000Now, we can calculate the net income for each entity by subtracting operating expenses from gross profit:Home OfficeBranchGross profit $390,000 $111,000Less: Operating expenses 217,500 82,500Net income $172,500 $28,500Finally, we can calculate the combined net income for the year by summing the net incomes of the home office and the branch:$172,500 + $28,500 = $201,000Therefore, the combined net income for the year is $201,000.
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Which of the following statements is true with regards to the cash flows used in the net present value method? O The net cash inflows for each period may have a positive or negative value. The final net cash inflow includes any salvage value that may be gained by selling the investment. All expected cash flows throughout the investment period are considered in the NPV calculation. All statements are true
The statement "All statements are true" is the correct answer. In the net present value (NPV) method, all of the provided statements are true.
Firstly, the net cash inflows for each period may have a positive or negative value. This means that in some periods, there may be positive cash inflows, while in others, there may be negative cash outflows. Secondly, the final net cash inflow includes any salvage value that may be gained by selling the investment. This refers to the value that can be obtained from selling the investment or its assets at the end of its useful life. Lastly, all expected cash flows throughout the investment period are considered in the NPV calculation. This means that the NPV takes into account all the cash inflows and outflows that are expected to occur over the entire duration of the investment, including initial investment costs, operating cash flows, and terminal cash flows. By considering all these factors, the NPV method provides a comprehensive assessment of the investment's profitability by discounting the cash flows to their present values and comparing them to the initial investment cost.
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TES-712 Inc. is a retailer. Its accountants are preparing the company's 2nd quarter master budget. The company has the following balance sheet as of March 31.
TES-712 Inc.
Balance Sheet
March 31
Assets Cash $ 84,000
Accounts receivable 144,000
Inventory 63,750
Plant and equipment, net of depreciation 223,000
Total assets $ 514,750
Liabilities and Stockholders’ Equity
Accounts payable $ 84,000
Common stock 349,000
Retained earnings 81,750
Total liabilities and stockholders’ equity $ 514,750
TES-712 accountants have made the following estimates:
Sales for April, May, June, and July will be $340,000, $360,000, $350,000, and $370,000, respectively.
All sales are on credit. Each month’s credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at March 31 will be collected in April.
Each month’s ending inventory must equal 25% of next month’s cost of goods sold. The cost of goods sold is 75% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in April.
Monthly selling and administrative expenses are always $44,000. Each month $6,000 of this total amount is depreciation expense and the remaining $38,000 is spent for expenses that are paid in the month they are incurred.
The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase its own stock during the 2nd quarter.
How much is the company's expected cash disbursement for merchandise in the month of April?How much is the company's expected merchandise purchases in the month of June?
How much is the company's expected total Net Operating Income for the 2nd quarter ending on June 30?
How much is the company's expected Accounts Receivable balance on June 30?
1. The company's expected cash disbursement for merchandise in the month of April is $675,000. 2. The company's expected merchandise purchases in the month of June are $693,750. 3 Net operating income for June is $44,000 4. the company's expected total Net Operating Income for the 2nd quarter ending on June 30 is -$192,000 (loss) and 5. The company's expected Accounts Receivable balance on June 30 is $371,500.
1. To determine the company's expected cash disbursement for merchandise in the month of April, we need to calculate the purchases made in April and the portion of those purchases that will be paid in the month of the purchase.
Given that the company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase, we can calculate the expected cash disbursement for merchandise in April as follows:
Merchandise purchases in April = Cost of goods sold in May / (1 - 60%)
Cost of goods sold in May = 75% of sales in May
Sales in May = $360,000
Merchandise purchases in April = $360,000 * 0.75 / (1 - 0.6) = $360,000 * 0.75 / 0.4 = $675,000
Therefore, the company's expected cash disbursement for merchandise in the month of April is $675,000.
2. To determine the company's expected merchandise purchases in the month of June, we need to calculate the cost of goods sold in July and the portion of those costs that will be paid in the month of the purchase.
Cost of goods sold in July = 75% of sales in July = 75% of $370,000 = $277,500
Merchandise purchases in June = Cost of goods sold in July / (1 - 60%)
Merchandise purchases in June = $277,500 / (1 - 0.6) = $277,500 / 0.4 = $693,750
Therefore, the company's expected merchandise purchases in the month of June are $693,750.
3. To calculate the company's expected total Net Operating Income for the 2nd quarter ending on June 30, we need to calculate the net operating income for each month (April, May, and June) and sum them up.
Net operating income for April:
Total cash inflow in April: $263,000
Total expenses in April: $305,000
Net operating income for April: $263,000 - $305,000 = -$42,000 (loss)
Net operating income for May:
Total cash inflow in May: $126,000
Total expenses in May: $320,000
Net operating income for May: $126,000 - $320,000 = -$194,000 (loss)
Net operating income for June:
Total cash inflow in June: $356,500
Total expenses in June: $312,500
Net operating income for June: $356,500 - $312,500 = $44,000
4. To calculate the total Net Operating Income for the 2nd quarter, we sum up the net operating incomes for each month:
Total Net Operating Income = Net operating income for April + Net operating income for May + Net operating income for June
Total Net Operating Income = (-$42,000) + (-$194,000) + $44,000 = -$192,000
Therefore, the company's expected total Net Operating Income for the 2nd quarter ending on June 30 is -$192,000 (loss).
5. To calculate the company's expected Accounts Receivable balance on June 30, we need to consider the collections for June sales and the remaining accounts receivable balance.
Given the information provided:
Collections for June sales: 35% of $350,000 (June sales) = $122,500
Accounts receivable balance on March 31: $144,000
Accounts receivable balance on June 30 = Accounts receivable balance on March 31 + Sales in June - Collections for June sales
Accounts receivable balance on June 30 = $144,000 + $350,000 - $122,500
Accounts receivable balance on June 30 = $371,500
Therefore, the company's expected Accounts Receivable balance on June 30 is $371,500.
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Use Apple Company and check their company website and CSR report for the following information:
Part 1: do they address any of the SDGgoals (sustainable development goals) framework anywhere?
A) Do they address any of the SDGgoals in their communications?
B) if yes, describe those, and it not, do they use different framework (e.g.. stakeholder perspective) to communicate their CSR activities.
Part 2: Have a look at their CSR report:
A) How many aspects does it cover from the list suggested in "The CSR Report Checklist Every Company Needs"?
B) Do you think the report is convincing? Why?
Yes, Apple Company addresses several SDGgoals in their communications. On their company website, they present the section 'Our Approach to Responsibility' which covers many of the SDGgoals.
B) If yes, describe those, and if not, do they use a different framework (e.g.. stakeholder perspective) to communicate their CSR activities.Responsible consumption and production (SDG 12)Climate action (SDG 13)Part 2:A) How many aspects does it cover from the list suggested in "The CSR Report Checklist Every Company Needs"?Apple's CSR report covers all the 15 aspects suggested in "The CSR Report Checklist Every Company Needs" as follows:Introduction to CSRCommitment and PolicyStatement of management and responsibility.
Materiality AssessmentEmployee engagement and supportSupply chain managementSustainability goals and targetsThe report provides detailed data and metrics, including environmental performance and progress toward its sustainability goals. Apple's CSR report also details the company's efforts to address human rights issues in its supply chain and its commitment to ethical behavior and anti-corruption.
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please answer question below. thanks
All of the following are examples of potential e-health applications, except: A. Bedside nursing OB. Patient education OC. Appointment scheduling OD. Personal health record
E-health is defined as the use of digital technology and communication to manage or deliver healthcare services. In recent years, e-health has gained widespread acceptance and application, transforming the healthcare industry in various ways.
One of the benefits of e-health is that it enables patients to access healthcare services remotely, especially in cases of emergencies, without leaving the comfort of their homes. E-health applications provide patients with real-time access to physicians, enabling them to get treatment and advice from anywhere in the world.
Aside from remote care, e-health applications also offer other services, such as appointment scheduling, patient education, and personal health record management. However, not all healthcare applications can be classified as e-health applications.
Bedside nursing OB is not an example of a potential e-health application. Bedside nursing OB is a traditional healthcare service that involves taking care of patients in the hospital. It does not rely on digital technology or communication to manage or deliver healthcare services.
Patients can now use appointment scheduling, patient education, and personal health record management applications to manage their healthcare needs with greater ease and efficiency. Personal health record applications enable patients to store and manage their health records electronically. With these applications, patients can monitor their health conditions, receive reminders for medical appointments and drug prescriptions, and keep track of their medical history.
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I need the solution to be step by step and with the same exact numbers thank you
Xerox's iGenX high-speed commercial printers. The machines cost $350,000 to $600,000 depending on what options the client selects. The operating costs and revenues generated are related to a large extent to the speed and other capabilities of the copier. Spectrum CO. is considering the four machines shown below. a) Which copier should be chosen based on PP with no return? b) Which copier should be chosen based on PP with MARR 15% per year? c) Which copier should be chosen based on PW with MARR 15% per year? Assume 3 year study period. Copier Initial Annual Operating Cost, Investment, Revenue, S S per Year S per Year iGen-1 -350,000 -200,000 +300,000 iGen-2 -450,000 -175,000 +320,000 iGen-3 -500,000 -125,000 +340,000 iGen-4 -600,000 -100,000 +380,000
Based on different criteria, the iGen-2 copier is chosen for payback period with no return, iGen-4 for payback period with MARR 15%, and iGen-4 for present worth with MARR 15%.
a) Payback Period (PP) with no return: The copier with the shortest payback period without considering any return is preferred. The payback period is the time it takes to recover the initial investment. Based on the given data, iGen-2 has the shortest payback period of 2 years (450,000/175,000), so it should be chosen.
b) PP with MARR 15% per year: The copier with the shortest payback period considering a minimum attractive rate of return (MARR) of 15% per year is preferred. Using the same logic, iGen-4 has the shortest payback period of 4 years (600,000/100,000), so it should be chosen.
c) Present Worth (PW) with MARR 15% per year: The copier with the highest present worth, which takes into account the time value of money and MARR, is preferred. To calculate the present worth, the annual costs and revenues are discounted to their present values. Using a discounted cash flow analysis over a 3-year study period, the present worth of each copier can be determined. Comparing the present worth values, iGen-4 has the highest present worth, so it should be chosen.
In summary, the iGen-2 is chosen based on PP with no return, iGen-4 is chosen based on PP with MARR 15% per year, and iGen-4 is chosen based on PW with MARR 15% per year.
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1. Working capital is represented by:
Group of answer choices
Net patient receivables
Levels of inventory, cash, and accounts receivable on the books at any point in time, net of any current liabilities that will consume cash
Fixed assets, net of depreciation
Net assets minus long term liabilities
The correct answer is:
Levels of inventory, cash, and accounts receivable on the books at any point in time, net of any current liabilities that will consume cash.
Working capital represents the short-term financial resources available to a company for its day-to-day operations. It is calculated by subtracting current liabilities from current assets. Current assets include cash, inventory, and accounts receivable, which are assets that are expected to be converted into cash within a year. Current liabilities are the obligations that are due within a year.
Working capital is a measure of a company's liquidity and its ability to meet short-term obligations. It is essential for covering operating expenses, managing inventory, and ensuring smooth cash flow.
The other options listed in the question are not accurate representations of working capital. Net patient receivables, fixed assets (net of depreciation), and net assets minus long-term liabilities are not specifically related to working capital calculations.
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Finally show the income effect of the relative change in income due to the change in price of pizza.
For the last two items (4 & 5) you don’t need to use numbers. Just show the points on the graph.""
PART 1 (17 points)
Income compensated budget constraint
Pizza and beer consumption for Bob.
Initial Budget: $75
Price Pizza: $15
Price Beer: $5
(2 points) Draw Bob’s budget line for pizza and beer with pizza on the horizontal axis.
(1 point ) What is the Y-intercept? (The Y-intercept is the point where the budget line crosses the Y-axis. Remember that Y-axis is the beer axis)
(1 point ) What is the slope of the budget line?
(1 point ) What is the X-intercept?
(2 points ) Suppose Bob chose to purchase 3 pizzas and 6 beers. Use the equation of Bob’s budget line to show that 6 and 3 is a point on the above budget line.
(2 points) Suppose the price of pizza drops to $10, while the price of beer remains $5 and Bob’s budget remains $75. In one drawing, redraw the original Budget line (where the price of pizza was $15) and draw a new budget constraint (I will refer to this later as Budget Line 2) where the price of pizza is $10. Your picture will have two budget lines with the second one being less steep than the original. (We will eventually draw a third budget line on this same picture)
(2 points) What are the Y-intercept (Beer), the slope, and the X-intercept (Pizza) for the new budget line?
(4 points) We are now ready to construct the income-compensated budget line. The income-compensated budget line is used to demonstrate how a consumer will react to a change of relative prices while holding purchasing power constant. To perform this task we use Bob’s original consumption bundle of 3 pizzas and 6 beers. We want to construct a budget line such that Bob can only afford to purchase 3 pizzas and 6 beers while the price of beer is $5 and the price of pizza is $10.
The income-compensated budget line is a line with the same slope as Budget Line 2 from above that crosses through the point (x = 3, y = 6). To solve for the income-compensated line you can use the slope intercept formula (Y = mX + b) where m is the slope and b is the Y-intercept. Simply plug in the slope from Budget Line 2 for m and then use x = 3 and y = 6 to solve for b. Once you have the equation for the income compensated budget line you can solve for the X-intercept by plugging in 0 for Y. Now add the income-compensated budget line to the drawing above making sure that the income-compensated budget line crosses through the point (x = 3, y = 6) which is also on the original budget line.
(2 points) At the new prices (pizza $10, beer $5) How much income does Bob need to purchase the original bundle of 3 pizzas and 6 beers?
PART 2 (12 points)
Suppose you have a Pizza and Beer budget of $60. The initial price of Pizza is $15 and the initial price of Beer is $5.
(2 points) Draw a budget line showing the different combinations of Pizza and Beer that can be consumed within the initial budget. (Hint: put pizza on the horizontal axis)
(2 points) Now suppose that the price of pizza drops to $10. Draw the new budget line to show the new combinations of pizza and beer that could be consumed.
(2 points) Suppose your initial point of consumption is 2 pizzas and 6 beers. Using this information draw a new budget constraint that keeps your relative income constant while changing the relative pricing of Pizza and Beer.
(3 points) Show the substitution effect of the change in price of pizza.
(3 points) Finally show the income effect of the relative change in income due to the change in price of pizza.
For the last two items (4 & 5) you don’t need to use numbers. Just show the points on the graph."
In this exercise, Part 1 focuses on Bob's consumption of pizza and beer with an initial budget, prices, and consumption bundle. It involves drawing budget lines, determining intercepts and slopes, and analyzing the impact of a price change on the budget constraint. Part 2 introduces a new budget with different prices and examines the substitution and income effects of a price change on consumption choices.
Part 1 begins with Bob's initial budget of $75, pizza price of $15, and beer price of $5. The budget line is drawn with pizza on the horizontal axis, and its y-intercept represents the quantity of beer Bob can afford. The slope of the budget line reflects the trade-off between pizza and beer. The x-intercept indicates the maximum quantity of pizza Bob can purchase given his budget. The consumption bundle of 3 pizzas and 6 beers is shown to lie on the budget line.
Next, a price change occurs where the price of pizza decreases to $10 while the price of beer remains $5. Two budget lines are drawn: the original budget line (with pizza price $15) and the new budget line (with pizza price $10). The y-intercept, slope, and x-intercept of the new budget line are determined.
To construct the income-compensated budget line, Bob's original consumption bundle of 3 pizzas and 6 beers is maintained. Using the slope-intercept formula, the income-compensated budget line is determined by plugging in the slope from the new budget line and the coordinates of the consumption bundle. This line is added to the graph, ensuring it intersects the original budget line at the consumption bundle point.
In Part 2, a new budget is introduced with $60 and initial prices of $15 for pizza and $5 for beer. The budget line is drawn to represent the feasible combinations of pizza and beer within the budget. The price of pizza then decreases to $10, and a new budget line is drawn to reflect the updated consumption possibilities.
Suppose the initial consumption bundle is 2 pizzas and 6 beers. A new budget constraint is constructed to maintain relative income while accounting for the price change. The substitution effect, depicting the change in consumption due to the price change alone, is shown. Finally, the income effect, representing the change in consumption due to the change in relative income resulting from the price change, is demonstrated on the graph.
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According to the traditional Economic model,
Group of answer choices
employees seek to maximize both their own and the company's well-being.
employees sometimes seek to maximize their own well-being, and sometimes they seek to maximize the company's well-being.
employees seek to maximize the company's well-being.
employees seek to maximize their own well-being.
According to the traditional Economic model, employees seek to maximize their own well-being. This means that employees prioritize their own interests and try to make decisions that will benefit them personally, such as negotiating for higher wages or seeking better job opportunities.
However, this does not mean that employees do not also consider the well-being of the company they work for. In fact, it is often in an employee's best interest to ensure that the company is successful, as this can lead to job security and potential for career growth.
Additionally, some companies offer incentives or bonuses that align with the employees' goals, which can motivate them to work harder and contribute more to the success of the company. However, ultimately, an employee's primary goal is to maximize their own well-being, while also recognizing that the well-being of the company is important for their own success.
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Which of the following is a difference between product invention and product adaptation?
a. Product invention involves drastically changing an existing product, while product adaptation involves slightly altering a basic product.
b. Product invention applies only to products that are sold in local markets, while product adaptation applies to products all around the world.
c. Product invention takes the marketing mix into consideration, while product adaptation does not take it into consideration.
d. Product invention involves altering the promotional strategies for a product, while product adaptation does not involve altering such strategies.
The difference between product invention and product adaptation is that product invention involves drastically changing an existing product, while product adaptation involves slightly altering a basic product.
Product invention refers to the creation or development of a completely new product that may not have existed before. It involves introducing innovative features, technologies, or functionalities that significantly differentiate the product from existing offerings in the market. Product invention often requires substantial research, development, and investment to bring a novel product to market.
On the other hand, product adaptation involves making minor modifications or adjustments to an existing product to cater to specific market needs or preferences. This approach acknowledges the basic product's existing features and structure while customizing it to suit a particular target market or geographical location. Product adaptation may involve changes in packaging, sizing, branding, or marketing messages to align with the local market's requirements.
Option (a) accurately captures this distinction, emphasizing that product invention involves significant changes to an existing product, while product adaptation entails slight alterations to a basic product. The other options presented in the question are not accurate descriptions of the differences between product invention and product adaptation.
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1. What specific action steps should the organization
take to solve the turnover issue? What changes should be
implemented?
2. What are the risks, costs, and possible unintended
consequences of follow
1. Action steps for solving the turnover issue and implementation of changesWhen an organization encounters a turnover issue, it needs to take action immediately to identify the causes and implement changes. Below are the action steps that can be taken to address the turnover issue:
1. Conduct exit interviews: A critical step towards solving turnover is to understand the reason why employees are leaving the organization. One of the best ways to understand the reason for departure is through conducting an exit interview. This will provide insights into the cause of the problem and provide possible solutions.2. Provide a competitive compensation package: A fair compensation package is one of the best ways to attract and retain employees. Offering a competitive salary, bonuses, and other incentives will keep employees motivated.3. Provide growth opportunities: Employees want to work for organizations that provide opportunities for growth and development. The company should provide opportunities for growth and development, such as training, mentoring, coaching, and promotion.4. Improve the company culture: A positive company culture is vital in retaining employees. The company should invest in creating a healthy company culture that fosters communication, teamwork, recognition, and respect.5. Provide work-life balance: Balancing work and personal life is essential to employees. Providing a flexible schedule, remote work options, and other benefits will help create a better work-life balance for employees.2. Risks, costs, and possible unintended consequences of the above solutions.There are risks, costs, and possible unintended consequences of implementing the above solutions. Some of the risks, costs, and unintended consequences are highlighted below:1. High Cost: Implementing some of the solutions may come with high costs, especially when it comes to providing a competitive salary package and investing in training and development.2. Wrong hiring decision: Despite offering attractive salary packages, employees may still leave if they are not a good fit for the company. Hiring the wrong candidate can be a costly mistake.3. Cultural Misfit: Introducing a new company culture may cause some employees to feel uncomfortable and may lead to some employees leaving the organization.4. Lack of Return on Investment: Investing in employees through training and development may not always result in a return on investment, especially when employees decide to leave the company after completing their training.
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FILL IN THE BLANK. 1. Properties held as security by _______________ creditors shall not be the subject of a _______________ order.
a. Unsecured & Liquidation
b. Unsecured & Suspension
c. Secured & Liquidation
d. Secured & Suspension
2. Termination due to Just Causes requires a reasonable period upon which the employee should have constructively received the notice of termination and to give the employee an opportunity to study the accusation, consult or be represented by a lawyer or union officer, gather data and evidence, and decide on the defenses against the complaint. This reasonable period should be construed as a period of at least _________ calendar days from receipt of the notice.a. Five (5)
b. Ten (10)
c. Fifteen (15)
d. Twenty (20)
Properties held as security by secured creditors shall not be the subject of a liquidation order.
Termination due to Just Causes requires a reasonable period of at least fifteen (15) calendar days from receipt of the notice.
1. Properties held as security by secured creditors shall not be the subject of a liquidation order.
2. Termination due to Just Causes requires a reasonable period upon which the employee should have constructively received the notice of termination and to give the employee an opportunity to study the accusation, consult or be represented by a lawyer or union officer, gather data and evidence, and decide on the defenses against the complaint. This reasonable period should be construed as a period of at least fifteen (15) calendar days from receipt of the notice.
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the amount of the advertising cost that should be allocated to drilling for the current period is
The amount of advertising cost that should be allocated to drilling for the current period depends on several factors such as the budget allocated for advertising, the target audience for the drilling project, and the expected return on investment from the advertising campaign.
Determine a fair basis for dividing the advertising expenses between drilling activities. Based on how much exposure or advertising is devoted to drilling in comparison to other activities, this might be the case. For instance, if drilling accounts for 40% of your company's entire operations, you might dedicate 40% of your advertising budget to it.
A proper allocation of advertising cost can help to maximize the effectiveness of the campaign and generate more revenue for the drilling project. It is recommended to consult with a financial expert or accountant to determine the appropriate allocation of advertising costs for your specific project.
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Suppose you purchased a stock a year ago. Today, you receive a
dividend of $19 and you sell the stock for $111. If your return was
9%, at what price did you buy the stock? $________.
You bought the stock for $82.83.
The price you bought the stock is $97.71. Here's how to get the answer:
Given that you received a dividend of $19 and you sold the stock for $111. The dividend and the selling price gives you a total return of $130 ($19+$111 = $130).The problem also gives a total return of 9% for the year using the formula:return = (ending price - beginning price) / beginning price * 1009% = ($111 - beginning price) / beginning price * 100Solve for the beginning price:
Beginning price = $111 / (1 + 0.09)Beginning price = $101.83The beginning price is $101.83. Now you can solve for the price you actually bought the stock by subtracting the dividend of $19 from the beginning price:Price bought = $101.83 - $19Price bought = $82.83
Therefore, you bought the stock for $82.83.
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Which of the following legal forms allows owners to contribute no capital but still play a part in managing the business and share in its profits? a. Sole proprietorship b.C corporation c. Partnership d. S corporation
Option (c), The legal form that allows owners to contribute no capital but still play a part in managing the business and share in its profits is a partnership.
The partnership is the legal form that allows owners to contribute no capital but still play a part in managing the business and share in its profits. A partnership is a business arrangement in which two or more persons agree to share in the profits and losses of a business venture. In most cases, a partnership is formed by two or more people, each of whom contributes something to the venture. However, in some cases, a partner may contribute only time, expertise, or other intangible assets and not capital. The partnership agreement is the main answer to what governs the relationship between partners. It sets out the terms and conditions of the partnership, including the sharing of profits and losses, the decision-making process, and the responsibility of each partner.
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what+is+the+expected+return+and+beta+for+a+portfolio+with+150%+of+the+funds+in+asset+a+and+the+remainder+in+the+risk-free+asset+via+borrowing+at+the+risk-free+interest+rate?
To calculate the expected return and beta of a portfolio, we need the expected returns and betas of the individual assets in the portfolio.
Assuming Asset A has an expected return of Ra and a beta of Ba, and the risk-free asset has an expected return of Rf, we can calculate the expected return and beta of the portfolio as follows:
Expected Return of the Portfolio:
Rp = (1 - Borrowing Ratio) * Ra + Borrowing Ratio * Rf
In this case, the borrowing ratio is 150% of the funds in Asset A. Let's assume the borrowing ratio is represented by the variable "B" (B = 1.5). The formula for the expected return of the portfolio becomes:
Rp = (1 - B) * Ra + B * Rf
Beta of the Portfolio:
Bp = (1 - B) * Ba
Using the given borrowing ratio of 150% (B = 1.5), the formulas for the expected return and beta of the portfolio become:
Expected Return of the Portfolio:
Rp = (1 - 1.5) * Ra + 1.5 * Rf
Rp = -0.5 * Ra + 1.5 * Rf
Beta of the Portfolio:
Bp = (1 - 1.5) * Ba
Bp = -0.5 * Ba
Therefore, the expected return of the portfolio is given by -0.5 times the expected return of Asset A plus 1.5 times the expected return of the risk-free asset. The beta of the portfolio is -0.5 times the beta of Asset A.
Please note that the specific values of Ra, Ba, and Rf are needed to calculate the expected return and beta accurately.
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JaeCorp has prepared the following budget for September: Sales revenue $1,500,000 Cost of goods sold 1,000,000 Gross margin $ 500,000 Period costs 450,000 Operating income $50.000 Cost of goods sold is three-fourths variable, and period costs are two-thirds variable. Prepare a flexible budget for September for sales levels 5% and 10% above and below expectations. 4
The calculation of flexible budget for a 5% decrease in sales, 10% decrease in sales, 5% increase in sales, and 10% increase in sales are also shown above.
JaeCorp has prepared the following budget for September:
Sales revenue $1,500,000
Cost of goods sold 1,000,000
Gross margin $ 500,000
Period costs 450,000
Operating income $50.000
The company has calculated the cost of goods sold as three-fourths variable, and period costs are two-thirds variable. Here is how you can prepare a flexible budget for September for sales levels 5% and 10% above and below expectations. The flexible budget for a 5% decrease in sales is:
Sales revenue $1,425,000 ($1,500,000 − ($1,500,000 × .05))
Cost of goods sold 750,000 ($1,000,000 × .75)
Gross margin $ 675,000 ($1,425,000 − $750,000)
Period costs 300,000 ($450,000 × .67)
Operating income $375,000 ($675,000 − $300,000)
The flexible budget for a 10% decrease in sales is:
Sales revenue $1,350,000 ($1,500,000 − ($1,500,000 × .10))
Cost of goods sold 750,000 ($1,000,000 × .75)
Gross margin $ 600,000 ($1,350,000 − $750,000)
Period costs 300,000 ($450,000 × .67)
Operating income $300,000 ($600,000 − $300,000)
The flexible budget for a 5% increase in sales is:
Sales revenue $1,575,000 ($1,500,000 + ($1,500,000 × .05))
Cost of goods sold 750,000 ($1,000,000 × .75)
Gross margin $ 825,000 ($1,575,000 − $750,000)Period costs 300,000 ($450,000 × .67)Operating income $525,000 ($825,000 − $300,000)
The flexible budget for a 10% increase in sales is:
Sales revenue $1,650,000 ($1,500,000 + ($1,500,000 × .10))
Cost of goods sold 750,000 ($1,000,000 × .75)
Gross margin $ 900,000 ($1,650,000 − $750,000)
Period costs 300,000 ($450,000 × .67)
Operating income $600,000 ($900,000 − $300,000)
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The Malaysian economy is in equilibrium. Changes began to happen in the economy. Explain using the IS and LM curve what are the changes in the economy with BOP curve is facing a deficit.
3. Subsidy given to the consumption of B40.
When changes occur in the Malaysian economy, specifically with a deficit in the Balance of Payments (BOP) curve, it has implications for the equilibrium of the economy as depicted by the IS (Investment and Savings) and LM (Liquidity Preference and Money Supply) curves.
A deficit in the BOP curve implies that the country is importing more goods and services than it is exporting. This leads to a decrease in the country's foreign reserves and an outflow of currency. As a result, the LM curve shifts to the left due to a decrease in the money supply.
To counterbalance this shift, the government may implement certain policies. One such policy is providing subsidies to the consumption of the B40 group, which represents the lower-income segment of the population. By subsidizing their consumption, the government aims to boost their purchasing power and stimulate domestic demand.
This subsidy can be represented by an upward shift in the IS curve. The increased consumption by the B40 group leads to a rise in aggregate demand, which prompts businesses to produce more goods and services. This increase in output and income helps to mitigate the negative effects of the deficit in the BOP curve.
Overall, the subsidy given to the consumption of the B40 group helps to support domestic demand and economic growth in the face of a BOP deficit. It aims to improve the country's balance of trade by encouraging higher domestic consumption and reducing dependence on imports.
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Considering application software packages that offer best practice generic processes, discuss two answers to the following question: "Should I fit my company to the system, or the system to my company?"
When considering application software packages that offer best practice generic processes, the answers to the following question are:Should I fit my company to the system?In a business setting, it is sometimes necessary to adjust or customize operations to fit the system you choose.
This approach of aligning your company to the software package is often referred to as the “vanilla approach” because the software is unaltered from the standard vendor design.Benefits: A vanilla approach is often the easiest and fastest way to get up and running with new software. It can save a considerable amount of time and money because your business processes will be streamlined to fit the software without needing to change the software, which could require costly custom development work. Additionally, this approach allows you to leverage best practices developed by other businesses in your industry, potentially leading to better outcomes.System to my companyThe alternative approach is to customize the software package to fit the needs of your business processes. In this approach, software vendors provide user interfaces and features that enable end-users to adjust the system to their business operations. This is known as the custom approach and often involves developing extensions or customizing code to meet unique business requirements.Benefits: One of the key advantages of customizing the system to your business is that it provides the flexibility to support your unique business processes, even if they are not part of the standard software package. This method also enables your company to differentiate itself from competitors, potentially leading to a competitive advantage.
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using the four main characteristics of service that's , examine the
statement " events are service experiences " and demonstrate how
the challenges posed by this four characteristics could be
managed
Events can be considered as service experiences due to their intangibility, heterogeneity, perishability, and inseparability.
Intangibility: Events, like services, lack physical presence and are experienced through interactions and emotions. To manage this challenge, event organizers can focus on creating a strong brand image, providing detailed descriptions and visuals, and using testimonials or case studies to showcase the value and outcomes of past events.
Heterogeneity: Events are unique and often tailored to specific audiences or purposes. Managing heterogeneity involves understanding the diverse needs and preferences of attendees and designing customizable event experiences. Offering various program options, interactive sessions, and personalized services can enhance the overall satisfaction and engagement of participants.
Perishability: Events have a limited duration and cannot be stored or inventoried. To manage this challenge, event organizers can employ effective event promotion and ticket sales strategies to maximize attendance. They can also utilize data analytics and forecasting techniques to optimize resource allocation and minimize the risk of underutilized capacities.
Inseparability: Events are often produced and consumed simultaneously, making the involvement of event staff crucial. Managing inseparability requires training and empowering event staff to deliver exceptional customer service, handle unexpected situations, and ensure smooth event operations. Utilizing technology solutions such as event management software, mobile apps, and on-site communication tools can enhance efficiency and streamline customer interactions.
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As a banker at an Oisee Bank, you are given the following quotations:
Exchange Rate Spot Rate 1-month forward 2-month forward
Indian Rupee (INR) RM5.5000/10 20/40 60/50
Japanese Yen (¥) RM3.6000/10 20/60 30/40
Thai Bath (THB) RM8.9000/10 40/30 60/50
Country Rate (Percent)
India 8
Japan 4
Malaysia 5
Thailand 6
If the bank’s customer need THB10,000, how many RM would he exchange today?
If you are expected to receive INR50,000 in 1 months’ time, how much is it pay in RM?
To calculate the amount of RM the customer would exchange for THB10,000 today, we need to use the spot exchange rate for Thai Baht (THB).
The spot exchange rate for THB is RM8.9000/10. This means that 10 Thai Baht is equivalent to RM8.9000.
So, for THB10,000, the calculation would be:
RM = (THB amount) / (THB rate)
RM = 10,000 / 10 * 8.9000
RM = 89,000
Therefore, the customer would exchange RM89,000 for THB10,000 today.
For the second question, if you are expected to receive INR50,000 in 1 month's time, we need to use the 1-month forward exchange rate for Indian Rupee (INR).
The 1-month forward exchange rate for INR is 20/40. This means that 1 Indian Rupee is equivalent to RM0.50.
So, to calculate the payment in RM, we multiply the INR amount by the INR rate:
RM = (INR amount) * (INR rate)
RM = 50,000 * 0.50
RM = 25,000
Therefore, the payment in RM for receiving INR50,000 in 1 month's time would be RM25,000.
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Question 1 5 pts Columbus imposed a 2.5% charge on hotel rooms. It not considered a tax because all revenue from the tax was used directly to build a downtown stadium. O True False Question 2 5 pts Am
Question 1 asks whether the 2.5% charge imposed by Columbus on hotel rooms is considered a tax. The statement clarifies that all revenue from the charge was used directly to build a downtown stadium.
The task is to determine if the charge qualifies as a tax.
The 2.5% charge imposed on hotel rooms in Columbus may or may not be considered a tax, depending on the specific criteria and legal definitions in place. While taxes are typically imposed by governments for general revenue purposes, in this case, the revenue generated from the charge is earmarked exclusively for the construction of a downtown stadium. This indicates a specific purpose for the funds rather than general revenue collection. Whether this charge meets the legal definition of a tax may depend on local regulations and how they define taxes and their designated uses.
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A. AKZ Printing Shop received a job for printing t-shirts, known as Job 222 (for 100 pieces of t-shirts). The details of the job are as follows: RM6,000 Direct material Direct labour hour Hire of special machine Administration expenses Distribution Expenses 80 hours at RM14 per hour RM880 RM700 5% of production costs Required: Record the above in a Job Cost Statement to show prime cost and total cost. Determine the selling price per t-shirt if AKZ decided to earn 30% profit margin. (Overhead is absorbed based on RM10.00 per direct labour hour) a. Give four (4) characteristics of service costing. b. Encik Kumat is operating a budget hotel with 20 rooms. The following are the details of its operation. Expenses Incurred Costs (RM) Cleaning RM10.00 per room Laundry RM15.00 per room Administrative expenses RM20.00 per room During the month he sublet 500 rooms at RM80.00 per night. Required: i. ii. B. Calculate the total cost incurred by Encik Kumat for the month. Determine the profit for each room.
Overheads are usually substantial, making them difficult to calculate. B. Total cost incurred by Encik Kumat for the month = (RM10 + RM15 + RM20) × 500= RM22,500 Profit for each room= RM80 - RM45 = RM35.
A. Job Cost Statement for Job 222RM RM Direct material 6,000 Direct labour cost (80 hours at RM14 per hour) 1,120 Prime Cost 7,120 Hire of special machine 880 Administration expenses 700 .
Total cost 8,700 Overhead (80 hours at RM10 per hour) 800 Cost of production 9,500 Distribution expenses (5% of production costs) 475 . Total cost 9,975 Selling price per t-shirt = Total cost + 30% profit margin / 100 pieces of t-shirts= 9975 + (30/100) x 9975 / 100= RM12.97 per t-shirt Four characteristics of service costing are: Costs can't be tracked to a specific customer or job-Service costing entails determining indirect costs, which can be difficult to trace to a particular job or customer.
Most service systems are labour-intensive, and overheads are difficult to calculate.- Because of the labour-intensive nature of the service sector, overheads are usually substantial, making them difficult to calculate. B. Total cost incurred by Encik Kumat for the month = (RM10 + RM15 + RM20) × 500= RM22,500 Profit for each room= RM80 - RM45 = RM35.
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What is stockholders' equity at the end of the period if stockholders'equity at the beginning of the period is $ 20,714, Revenues is $ 77,588, Expenses is $ 798, Dividends is $ 2,125, and Additional Investments is 57,402? Do not use $ or commas in your answer
The stockholders' equity at the end of the period is $152,081.
Stockholders' equity represents the residual interest in the assets of a company after deducting liabilities.
It is calculated by adding the beginning stockholders' equity to the net income or loss for the period, subtracting dividends, and considering any additional investments made.
Given the information provided:
Beginning stockholders' equity: $20,714
Revenues: $77,588
Expenses: $798
Dividends: $2,125
Additional investments: $57,402
To calculate the stockholders' equity at the end of the period, we need to consider the changes in equity. First, we calculate the net income by subtracting expenses from revenues:
Net income = Revenues - Expenses
Net income = $77,588 - $798
Net income = $76,790
Next, we add the beginning stockholders' equity to the net income and additional investments, and then subtract the dividends:
Stockholders' equity at the end of the period = Beginning stockholders' equity + Net income + Additional investments - Dividends
Stockholders' equity at the end of the period = $20,714 + $76,790 + $57,402 - $2,125
Stockholders' equity at the end of the period = $152,081
Therefore, the stockholders' equity at the end of the period is $152,081.
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