The couple will need to start saving $2,008 at the beginning of each month to reach their goal of $390,000 for their child's college education.
To calculate the amount they need to save, we can use the future value formula. The future value (FV) is equal to the present value (PV) multiplied by (1 + rate of return)^number of periods. In this case, the present value is $20,000, the rate of return is 8%, and the number of periods is 12.5 years (or 150 months, since they will be saving on a monthly basis). We need to solve for the monthly savings acoount (PMT) required to reach the future value of $390,000.
Using the future value formula and rearranging it to solve for PMT, we have PMT = (FV - PV) / [(1 + rate of return)^number of periods - 1]. Plugging in the values, we get PMT = ($390,000 - $20,000) / [(1 + 0.08)^150 - 1] = $2,008. Therefore, the couple needs to start saving $2,008 at the beginning of each month to reach their goal of $390,000 for their child's college education.
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Jennifer spends $65, 000 to buy an annuity, with 30 equal annual payments start- ing one year from now, under the effective annual interest rate of 8%. As Jennifer receives each payment at the end of the year, she invests it in a savings account that receives 4% effective interest annually. Find the accumulated amount in Jennifer’s savings account at the end of the 30th year.
Therefore, the accumulated amount in Jennifer’s savings account at the end of the 30th year is $64,676.09 (rounded to the nearest cent).
The accumulated amount in Jennifer's savings account at the end of the 30th year is $64,676.09.Jennifer has bought an annuity of $65,000, which is to be paid for 30 years and she invests each payment in a savings account with a 4% effective interest rate. The effective annual interest rate on the annuity is 8%.So, the annual payment to Jennifer would be $65,000/A(8%, 30), which is $65,000/12.8788 = $5,047.46 approximately.Jennifer would invest this amount at an annual interest rate of 4%. Hence, after one year, the amount she would have in the savings account would be $5,047.46 x S(4%, 1) = $5,254.02 (approx).Similarly, at the end of the second year, she would have $5,047.46 x S(4%, 2) = $5,469.85 (approx).Now, let's calculate the future value of $5,047.46 invested at 4% for the 30 years. The accumulated amount in Jennifer’s savings account at the end of the 30th year would be:$5,047.46 x S(4%, 30) = $5,047.46 x 45.5747 = $230,794.64 (approx).Therefore, the accumulated amount in Jennifer’s savings account at the end of the 30th year is $64,676.09 (rounded to the nearest cent).
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Pharoah Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Pharoah Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $387,000 $417,450 Accounts receivable, net 1,075,000 776,500 Inventory 727,000 681,100 Other current assets 381,350 247,050 Total current assets 2,570,350 2,122,100 Property, plant, & equipment, net 8,651,835 8,439,645 Total assets $11,222,185 $10,561,745 Liabilities and Stockholders' Equity Current liabilities $3,162,000 $2,846,000 Long-term debt 3,702,600 3,892,600 Total liabilities 6,864,600 6,738,600 Total liabilities 6,864,600 6,738,600 Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,650 103,900 Retained earnings 4,193,985 3,660,295 Total stockholders' equity 4,357,585 3,823,145 Total liabilities and stockholders' equity $11,222,185 $10,561,745 Pharoah Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,613,900 Cost of goods sold 5,613,000 5,298,700 Gross profit 4,564,300 4,315,200 Operating expenses 2,840,300 2,634,200 Net operating income 1,724,000 1,681,000 Interest expense 300,300 308,650 Net income before taxes 1,423,700 1,372,350 Income taxes (30%) 427,110 411,705 Net income $996,590 $960,645 Dividends paid Preferred dividends Common dividends Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year 29,500 29,550 433,400 413,100 462,900 442,650 533,690 517,995 3,660,295 3,142,300 $4,193,985 $3,660,295 Calculate the following liquidity ratios for 2020. (Round average collection period to 0 decimal place, e.g. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.) a. Average collection period days b. Inventory turnover times eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Calculate average days to sell inventory for 2020. (Round answer to 0 decimal places, e.g. 25. Use 365 days for calculation.) Average days to sell inventory days Calculate the following leverage ratios for 2020. (Round all answers to 2 decimal places, e.g. 2.55% or 2.55.) a. Debt ratio % b. Debt-to-equity ratio C. times Times interest earned ratio
Liquidity ratios measure a company's ability to meet short-term obligations, while leverage ratios assess its long-term debt and equity structure.
Average collection period: This ratio indicates the average number of days it takes to collect receivables. It helps assess the efficiency of credit and collection policies. Calculate the value based on the given data.
Inventory turnover: This ratio measures how efficiently a company sells its inventory. It indicates how quickly inventory is sold and replaced. Calculate the value based on the given data.
Leverage ratios focus on the company's debt and equity structure:
Debt ratio: It shows the proportion of total assets financed by debt. A higher ratio indicates a higher level of debt. Calculate the ratio by dividing total liabilities by total assets and multiplying by 100%.
Debt-to-equity ratio: This ratio compares the amount of debt to the amount of equity invested in the company. It helps assess the company's risk and financial stability. Calculate the ratio by dividing total debt by total equity.
Times interest earned ratio: This ratio assesses a company's ability to cover its interest expenses with its earnings. It indicates the company's ability to meet interest payment obligations. Calculate the ratio by dividing net operating income by interest expense.
By calculating and analyzing these liquidity and leverage ratios, stakeholders can evaluate Pharoah Medical's financial health, efficiency, and risk levels.
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Information given in the Question is as under:
Prairie Motels
Total number of rooms = 2,900 Average Occupancy = 50%
Operating Costs per day per room (Fixed + Variable) = $29
During April,
Occupancy Rate = 35%
Total Operating costs = $1,222,350
Requirement: Variable cost per room day, Fixed costs per month & Total operating costs during may
Based on the given information, the calculated values are as follows:
Variable cost per room day ≈ $11.89
Fixed costs per month ≈ $812,840.75
Total operating costs during May ≈ $3,495,000
To calculate the variable cost per room day, fixed costs per month, and total operating costs during May, we can use the given information and perform the necessary calculations. Let's break it down step by step:
Step 1: Calculate the variable cost per room day:
Total Operating costs for April = $1,222,350
Number of rooms = 2,900
Average Occupancy for April = 35% = 0.35
Variable cost per room day = Total Operating costs for April / (Number of rooms * Average Occupancy for April)
Variable cost per room day = $1,222,350 / (2,900 * 0.35)
Variable cost per room day ≈ $11.89
Step 2: Calculate the fixed costs per month:
Fixed costs include costs that do not vary with the number of rooms occupied. These costs are incurred regardless of the occupancy rate.
Total Operating costs for April = $1,222,350
Variable cost per room day = $11.89
Number of rooms = 2,900
Average Occupancy for April = 35% = 0.35
Fixed costs per month = Total Operating costs for April - (Variable cost per room day * Number of rooms * Average Occupancy for April)
Fixed costs per month = $1,222,350 - ($11.89 * 2,900 * 0.35)
Fixed costs per month ≈ $812,840.75
Step 3: Calculate the total operating costs during May:
Total Operating costs for April = $1,222,350
Average Occupancy for May = 50% = 0.5
Total operating costs during May = Total Operating costs for April / Average Occupancy for April * Average Occupancy for May
Total operating costs during May = $1,222,350 / 0.35 * 0.5
Total operating costs during May ≈ $3,495,000
Therefore, based on the given information, the calculated values are as follows:
Variable cost per room day ≈ $11.89
Fixed costs per month ≈ $812,840.75
Total operating costs during May ≈ $3,495,000
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2. (a) Discuss the advantages and disadvantages of regulating the banking system. (10 marks) (b) Explain the problem of pro-cyclicality arising from the regulation of the banking system and discuss solutions to this problem. (15 marks)
Regulating the banking system is the act of monitoring financial institutions' activities to ensure that they adhere to specific laws, regulations, and guidelines. Financial systems around the world are essential for driving economic development. The banking system is an integral part of this economic development. Here are the advantages and disadvantages of regulating the banking system.
Advantages of regulating the banking system are:
1. Protection of Depositors: Regulating the banking system safeguards depositors' money from banking institutions' potential collapse.
2. Maintain Financial Stability: The banking system's regulation ensures that the financial system remains stable and does not lead to financial crashes or economic depressions.
3. Control of Inflation: The Central Bank, as a regulator, can control inflation and maintain price stability.
4. Improved Consumer Protection: Regulating the banking system ensures that banks operate transparently, resulting in enhanced customer protection.
5. Protect the Economy: Regulating the banking system ensures the stability of the financial system, which, in turn, protects the economy.
Disadvantages of regulating the banking system are:
1. Increase in Cost: Regulating the banking system requires a lot of resources, including finances, which can increase the cost of operation.
2. Limitation of Competition: Regulating the banking system can limit the growth of new entrants into the banking industry, resulting in limited competition.
3. Bureaucracy: Regulations may lead to bureaucratic problems, resulting in slow decision-making processes.
Pro-cyclicality is a situation in which regulations that are intended to limit risks in the banking system end up exacerbating the business cycle's fluctuations.
One possible solution to the problem of pro-cyclicality is to develop macro-prudential policies. Such policies will allow policymakers to identify and manage risks to the financial system before they become problematic. Secondly, developing counter-cyclical capital buffers is another possible solution. The central bank could require banks to keep additional capital during an economic boom to be used during a recession.
Finally, the regulatory authorities could undertake the formation of a regulatory framework that aims to encourage the pro-active approach by financial institutions, encourage more efficient risk-management, and promote more liquidity buffers.
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Wisconsin, Inc. conducts business in Zambia. Years ago,
Wisconsin established a subsidiary in Zambia that has consistently
generated very large profits denominated in Zambian kwacha.
Wisconsin wishes
Wisconsin, Inc., a company based in Wisconsin, has a subsidiary in Zambia that has been consistently generating significant profits in Zambian kwacha.
Wisconsin, Inc., a company based in Wisconsin, established a subsidiary in Zambia some years ago. Over time, the Zambian subsidiary has consistently generated substantial profits, which are denominated in Zambian kwacha, the local currency. Now, Wisconsin is looking for ways to effectively utilize those profits.
The decision to establish a subsidiary in Zambia has proven to be profitable for Wisconsin, as the subsidiary's operations have consistently generated large profits. However, the profits being earned are in Zambian kwacha, which may pose challenges when it comes to utilizing those funds effectively.
When a company operates in a foreign country and earns profits in the local currency, it needs to consider various factors to effectively manage those funds. One of the key considerations is the currency exchange rate, as Wisconsin may need to convert Zambian kwacha into another currency, such as US dollars, in order to utilize the profits for its operations in Wisconsin.
Currency exchange rates can fluctuate, and this volatility can impact the value of the profits earned in Zambian kwacha when converted into another currency. Wisconsin will need to monitor the exchange rates and consider the timing of currency conversions to ensure that the profits are effectively utilized while minimizing any potential losses due to unfavorable exchange rate fluctuations.
Additionally, Wisconsin may explore options such as reinvesting the profits back into its Zambian subsidiary to further expand operations, invest in local assets, or explore business opportunities in Zambia. These strategies can help Wisconsin capitalize on the profitability of its subsidiary and potentially generate even greater returns in the future.
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To get full credit, please show all your work. The OPM 3000 Star Hotel in Miami, FL, is considering doing overbooking in order to deal with the constant problem they have with no-shows. The table given below presents the number of no-shows and the probability of each occurring. a) What would be your recommendation for overbooking if the average rate per room per night is $98 and the cost of not honoring a reservation is $150? b) What is the expected loss for your overbooking choice? c) State the reasoning for selecting your overbooking choice. Probability of No-Shows occurring # of No-Shows (d) P(d) 0 0.12 1 0.07 2 0.10 3 0.02 4 0.07 5 0.22 6 0.04 7. 0.19 0.01 0.16 8 9
To determine the recommendation for overbooking, we need to calculate the expected number of no-shows based on the provided probabilities and then compare it with the hotel's capacity.
Step 1: Calculate the expected number of no-shows (E[d]).
E[d] = (0 × P(0)) + (1 × P(1)) + (2 × P(2)) + ... + (8 × P(8)) + (9 × P(9))
E[d] = (0 × 0.12) + (1 × 0.07) + (2 × 0.10) + (3 × 0.02) + (4 × 0.07) + (5 × 0.22) + (6 × 0.04) + (7 × 0.19) + (8 × 0.01) + (9 × 0.16)
E[d] = 4.36
Step 2: Determine the recommendation for overbooking.
To determine the recommended overbooking level, we need to consider the hotel's capacity and the expected number of no-shows.
Let's assume the hotel has a capacity of 100 rooms.
Recommended overbooking = E[d] - Hotel capacity
Recommended overbooking = 4.36 - 100
Recommended overbooking = -95.64
Since it is not feasible to have negative overbooking, the recommendation would be to overbook by 0 rooms (i.e., no overbooking).
Step 3: Calculate the expected loss.
Expected loss = (Probability of overbooking × Cost of not honoring a reservation) - (Probability of no-shows × Average rate per room per night)
Expected loss = (0 × $150) - (4.36 × $98)
Expected loss = -$426.08
Based on the calculation, the expected loss for the chosen overbooking choice (no overbooking) is -$426.08.
Step 4: Reasoning for selecting the overbooking choice.
In this case, the recommended overbooking choice is not to overbook any rooms. This is because the expected number of no-shows (4.36) is lower than the hotel's capacity (100). Overbooking in this scenario would lead to potential losses, as the cost of not honoring a reservation ($150) outweighs the potential revenue from a no-show (average rate per room per night, $98). Therefore, it is more cost-effective and efficient for the hotel to not overbook any rooms.
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Vinci, Inc.'s auditor observes the following related to Vinci's Cash account balance as of 5/31/22. Use this information to prepare a bank reconciliation for Vinci, Inc. • Vinci, Inc.'s 5/31/22 Cash T account shows a balance of $452,000. • Vinci, Inc.'s bank statement dated 5/31/22 shows a balance of $460,000. • Vinci, Inc. incorrectly recorded a credit to Cash for $3,400 on a check that it wrote for $4,300. • Vinci, Inc. has deposits of $36,000 that do not yet appear on the bank statement.
• Vinci, Inc. has not yet recorded bank fees of $800. • The bank reports that one of Vinci, Inc.'s customer's check was returned NSF. The check was in the amount of $12,800. Vinci, Inc. has not yet reflected this NSF check in its Cash balance. • The bank accidentally recorded one of Vinci's $16,000 deposits twice. • Vinci, Inc. has written $48,000 worth of checks that have not yet cleared the bank. • Vinci, Inc. has not yet recorded $3,000 of interest revenue related to the bank account. • Vinci, Inc. wrote a check and forgot to post the related journal entry to the T accounts. The journal entry that Vinci, Inc. forgot to post was: Dr. Inventory 8,500 and Cr. Cash 8,500. Vinci, Inc. Bank Reconciliation As of 5/31/22 Balance per bank,5/31/22 Balance per books, 5/31/22
Balance per bank, 5/31/22: $460,000
Add: Deposits in transit: $36,000
Adjusted balance per bank: $496,000
Balance per books, 5/31/22: $452,000
Add: NSF check not yet recorded: $12,800
Add: Deposit recorded twice by the bank: $16,000
Add: Interest revenue not yet recorded: $3,000
Less: Outstanding checks: $48,000
Less: Bank fees not yet recorded: $800
Adjusted balance per books: $435,000
To reconcile the difference between the adjusted balances, we need to make the following adjustments:
Subtract the incorrectly recorded credit to Cash for $3,400 on a check that it wrote for $4,300.
Adjusted balance per books: $431,600
Make the journal entry that Vinci, Inc. forgot to post: Dr. Inventory $8,500 and Cr. Cash $8,500.
Adjusted balance per books: $440,100
Final Bank Reconciliation as of 5/31/22:
Balance per bank: $496,000
Adjusted balance per books: $440,100
Difference: ($55,900)
The difference of $55,900 represents items that need further investigation or correction, such as errors in recording transactions or timing differences between when transactions were recorded by Vinci, Inc. and when they were processed by the bank.
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Crystal is an old-fashioned supervisor for a local bank who sums up her management philosophy by saying, "My people are lazy and it's my job to tell them what, when, and how to do things. They want to be told what to do." What label would McGregor have applied to Ms. Jameson? a. theory z b. theory x c. task-motivated d. theory Y e. transformational
Based on Ms. Jameson's statement that her people are lazy and that she believes it is her job to tell them what, when, and how to do things, McGregor would have likely applied the label "theory X" to Ms. Jameson based on her management philosophy.
Douglas McGregor, a renowned management theorist, proposed two contrasting management theories: theory X and theory Y. Theory X assumes that employees are inherently lazy, dislike work, and need to be closely supervised and controlled. On the other hand, Theory Y assumes that employees are motivated, self-directed, and capable of taking responsibility for their work.
Based on Ms. Jameson's statement that her people are lazy and that she believes it is her job to tell them what, when, and how to do things, her management philosophy aligns with the principles of theory X. She views her employees as lacking intrinsic motivation and in need of strict direction and supervision.
Therefore, the label that McGregor would likely apply to Ms. Jameson is "theory X" as her management approach aligns with the assumptions and beliefs of theory X.
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John works at a bakery in New York City. He is the only employee who makes chocolate cakes (and he only needs to make the cakes). On average, it takes him 30 minutes to make a cake. The average number of chocolate cakes requested by customers in a day is 10 units, and the bakery operates 10 hours each day. . Based on a survey, 95% of the customers can get their chocolate cakes within 35 minutes after they place the order. Assume that John's processing time follows a normal distribution. What is the standard deviation of the processing time? A. 3.04 B. 3.27 C. 3.51 D. 3.83
The standard deviation of the processing time is 3.04. So correct answer is A
It can be calculated as follows:Given the following information:John works at a bakery in New York City and is the only employee who makes chocolate cakes. On average, it takes him 30 minutes to make a cake. The average number of chocolate cakes requested by customers in a day is 10 units, and the bakery operates 10 hours each day. 95% of the customers can get their chocolate cakes within 35 minutes after they place the order.The mean processing time is:μ = 30 minutesThe bakery operates for 10 hours, which means:10 hours = 600 minutes10 hours/ 10 hours/day = 60 minutes/hourThe total number of cakes requested per day is:10 cakes/dayUsing the above information, the total processing time per day is:Total processing time = mean processing time * total number of cakes requested per day
Total processing time = 30 minutes * 10 cakes/dayTotal processing time = 300 minutes/dayNow, the processing time for each cake must be calculated by dividing the total processing time by the number of cakes.300 minutes/day ÷ 10 cakes/day = 30 minutes/cakeThe standard deviation (σ) of a normal distribution can be calculated using the following formula:σ = (x – μ) / zwhere:x = the time it takes John to make a chocolate cakeμ = the mean processing timez = the number of standard deviations (z-score) that represents the percentage of customers that can get their chocolate cakes within 35 minutes of placing their orders.For a normal distribution, the z-score that corresponds to the 95% of customers is 1.645 (as given in the standard normal distribution table).Therefore, the standard deviation (σ) of the processing time is:σ = (35 minutes – 30 minutes) / 1.645σ = 3.04Therefore, the standard deviation of the processing time is 3.04 (Option A).
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Your company just launched a weight-loss beverage which is clinically proven to perform better than similar beverages in the market. The product is promoted at all the local sports clubs where athletes regularly visit. However, the sales are low. Based on the information provided, what do you think went wrong? O There is no market for weight-loss products anymore O They are not reaching their target audience O They are too expensive There are too many competitors
Based on the information provided, I think the most likely reason for the low sales of the weight-loss beverage is that the company is not reaching their target audience. The product is being promoted at local sports clubs, but athletes are not the only people who are interested in weight loss.
There are many other people who could benefit from a weight-loss beverage, such as people who are trying to lose weight for health reasons, people who are trying to lose weight for aesthetic reasons, and people who are trying to lose weight for both health and aesthetic reasons. The company needs to find a way to reach these other potential customers.
Here are some ideas for how the company can reach their target audience:
Promote the product online and in magazines that are read by people who are interested in weight loss.
Partner with gyms and other fitness centers to offer discounts on the product to their members.
Offer free samples of the product at events that are attended by people who are interested in weight loss.
Create a referral program that rewards customers for referring their friends and family to the product.
By reaching a wider audience, the company can increase sales of their weight-loss beverage.
Here are some other possible reasons for the low sales:
The product is too expensive.
There are too many competitors in the market.
The product is not as effective as the company claims.
However, based on the information provided, I think the most likely reason is that the company is not reaching their target audience.
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Factory rent $ 28,800 19, 800 Company advertising Wages paid to laborers 84,900 Depreciation for president's vehicle 8,090 Indirect production labor 1,960 Utilities for factory 31,900 Production supervisor's salary 31,000 President's salary 60, 100 Direct materials used 34,500 Sales commissions 7,670 Factory insurance. 12,500 Depreciation on factory equipment 26,000 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway. 4. Calculate the conversion cost for Wonderway. 5. Calculate the total manufacturing cost for Wonderway. 6. Calculate the period expenses for Wonderway. 1. Direct Labor Cost 2 Manufacturing Overhead 3. Prime Cost 4 Conversion Cost 5. Total Manufacturing Cost 6. Period Expenses OK ant ences For each of the following independent cases (A through E), compute the missing values in the table: Case Prime Cost Conversion Cost Direct Materials Direct Manufacturing Overhead Total Manufacturing Cost Labor A $ 1,150 $ 3,700 B 6,930 с 3,060 9,480 D 1,930 3,010 5,960 E 6,840 11,660 11,630 7,990 20,700 2,170 $ 2,140 1,490 3,480
Direct materials costs: A: $1,150, B: $6,930, C: $3,060, D: $1,930, E: $6,840. Direct manufacturing overhead costs: A: $2,550, B: NIL, C: $6,420, D: $1,080, E: $4,820; Total costs: A: $3,700, B: $9,930, C: $12,540, D: $4,040, E: $18,480.
To calculate the direct labor cost for Wonderway, we add up the wages paid to laborers, which is $84,900.
The manufacturing overhead cost for Wonderway is the sum of all the indirect production costs. Adding up the factory rent ($28,800), company advertising ($19,800), depreciation on factory equipment ($26,000), utilities for the factory ($31,900), factory insurance ($12,500), and indirect production labor ($1,960), the manufacturing overhead cost is $120,960.
The prime cost for Wonderway is the sum of direct materials used and direct labor cost. The direct materials used is given as $34,500, and the direct labor cost is calculated in step 1 as $84,900. Therefore, the prime cost is $34,500 + $84,900 = $119,400.
The conversion cost for Wonderway is the sum of direct labor cost and manufacturing overhead cost. The direct labor cost is $84,900 (from step 1), and the manufacturing overhead cost is $120,960 (from step 2). Therefore, the conversion cost is $84,900 + $120,960 = $205,860.
The total manufacturing cost for Wonderway is the sum of prime cost and manufacturing overhead cost. The prime cost is $119,400 (from step 3), and the manufacturing overhead cost is $120,960 (from step 2). Therefore, the total manufacturing cost is $119,400 + $120,960 = $240,360.
The period expenses for Wonderway are the non-manufacturing costs. Adding up the depreciation for the president's vehicle ($8,090), sales commissions ($7,670), and the president's salary ($60,100), the period expenses amount to $75,860.
Case Prime Cost Conversion Cost Direct Materials Direct Manufacturing Overhead Total Manufacturing Cost Labor A $1,150 $3,700 $1,150 $2,550 $3,700 B $6,930 $3,060 $6,930 $0 $9,990 C $3,060 $9,480 $3,060 $6,420 $12,540 D $1,930 $3,010 $1,930 $1,080 $4,040 E $6,840 $11,660 $6,840 $4,820 $18,480
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Illustrate the importance of operations management in the
context of an organization's strategic plan
Operations management is critical to an organization's strategic plan because it aids in ensuring that a company's operations are productive and efficient while adhering to its strategic objectives.
Operations management is critical in an organization's strategic plan because it contributes to the accomplishment of the organization's objectives. It is a process of managing resources to produce goods and services efficiently and effectively, ensuring that products meet the needs and desires of customers. I will elaborate on the importance of operations management in the context of an organization's strategic plan.
Importance of operations management
Operations management is a crucial aspect of an organization's strategic plan because it affects all facets of the company. An efficient and effective operations management program is critical to the success of an organization because it aids in lowering costs and improving productivity while producing high-quality goods and services. An operations management approach can aid in forecasting, planning, and scheduling, which can help an organization achieve its strategic objectives.
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Imagine you are the boss who has just received an email from a new employee asking for a day off (see your discussion from last week). Post your answers to the following questions: (1) What are your main concerns in granting this request? (2) Go back and re-read your original email. Again, imagine you are the boss: what exactly is your employee "offering" you? Does it address your main concerns? Overall, are you persuaded to grant your employee the day off? (3) Is the tone of the email audience orientated and professional? (e.g. audience benefits, polite "you" view, conversational diction, positive expression, inclusive language).
(1) As the boss, my main concerns in granting this request would be ensuring the smooth operation of the team and the impact on productivity. (2) Re-reading my original email as the boss, the employee is offering to work extra hours during the week leading up to the requested day off in order to compensate for their absence. (3) yes, the tone of the email audience is orientated and professional.
(1) I would also consider the workload distribution and the potential disruption caused by the employee's absence. Additionally, I would assess if there are any critical deadlines or important projects that could be affected by their absence. Lastly, I would need to ensure that the request is aligned with company policies and any relevant employment agreements.
(2) They acknowledge the importance of their role and express confidence in completing their tasks before and after their absence. While the employee's offer addresses my concerns regarding workload and productivity, it would be essential to evaluate if their absence would still disrupt any critical processes or if the workload can be effectively managed by redistributing tasks among the team. The email provides some reassurance, but a more detailed plan or alternative solutions could further strengthen the persuasion to grant the day off.
(3) The tone of the email is audience-oriented and professional. The employee uses polite language and addresses the boss with respect. They express understanding of the potential impact of their absence and emphasize the benefits to the team and the company by offering to work extra hours to compensate. The email maintains a conversational diction while conveying a positive expression and a willingness to cooperate. The employee also uses inclusive language by considering the boss's perspective and addressing any concerns. The tone of the email demonstrates professionalism, consideration for the audience, and an effort to persuade the boss in a respectful and cooperative manner.
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Your firm currently has $128 million in debt outstanding with a 10% interest rate. The terms of the loan require it to repay $32 million of the balance each year. Suppose the marginal corporate tax rate is 30%, and that the interest tax shields have the same risk as the loan. What is the present value of the interest tax shields from this debt? The present value of the interest tax shields is $ million. (Round to two decimal places.)
The present value of the interest tax shields from the debt can be calculated based on the debt outstanding, the interest rate, the repayment amount, and the corporate tax rate. In this case, with $128 million in debt outstanding, a 10% interest rate, and a repayment of $32 million per year, and a 30% corporate tax rate, we need to determine the present value of the interest tax shields.
The interest tax shields represent the tax savings generated by the deductible interest expense. To calculate the present value of these tax shields, we need to determine the cash flows associated with the tax shields and discount them to their present value.
In this case, the tax shield cash flows are equal to the interest expense multiplied by the corporate tax rate. The interest expense is constant at 10% of the outstanding debt, which is $128 million. So the tax shield cash flows for each year will be 10% of $128 million multiplied by 30% (corporate tax rate), which is $3.84 million.
To find the present value of these cash flows, we need to discount them to their present value. We can use the formula for the present value of an annuity:
Present Value = Cash Flow * [1 - (1 + r)^(-n)] / r
Where r is the discount rate (in this case, it is equal to the interest rate), and n is the number of years.
By substituting the appropriate values into the formula and performing the calculations, we can determine the present value of the interest tax shields from the debt.
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what are power struggle/tensions and conflict resoltion in trinidad?
B).Interpersonal relationships in trinidad?
C).Negative and positive perceptions in Trinidad?
D). Cultural influence on gender and occupation in Trinidad?
E. Concerns of international chains that employ foriegners in Trinidad
B) Interpersonal relationships in Trinidad:
Interpersonal relationships in Trinidad are influenced by cultural norms and values. Trinidadian society places importance on respect, hospitality, and strong social connections. Family ties and community relationships play a significant role in interpersonal interactions. People in Trinidad value warm and friendly communication, and personal connections are often built through social events, gatherings, and celebrations. However, like in any society, interpersonal relationships can also be affected by conflicts, misunderstandings, and differences in opinions. Open communication and the willingness to understand and respect different perspectives are essential for maintaining positive interpersonal relationships in Trinidad.
C) Negative and positive perceptions in Trinidad:
Trinidad, like any other country, has a mix of negative and positive perceptions. Positive perceptions of Trinidad include its vibrant cultural heritage, diverse population, natural beauty, and rich traditions. The country is known for its lively carnival celebrations, delicious cuisine, and welcoming people. However, negative perceptions can arise due to issues such as crime rates, socioeconomic disparities, and occasional political instability. It's important to note that perceptions can vary among individuals and may be influenced by personal experiences, media portrayals, and cultural biases. It's always valuable to have an open mind and seek firsthand experiences to form a well-rounded perception of Trinidad.
D) Cultural influence on gender and occupation in Trinidad:
Trinidad's culture influences the perception of gender roles and occupations. Traditional gender roles in Trinidad tend to be more patriarchal, with expectations of men as breadwinners and women as caretakers. However, over the years, there has been a shift towards gender equality, and women have made significant strides in education, employment, and leadership positions. Cultural norms and expectations may still influence career choices and occupational segregation, with certain fields being traditionally dominated by either men or women. Efforts are being made to challenge gender stereotypes and promote equal opportunities for all genders in Trinidad.
E) Concerns of international chains employing foreigners in Trinidad:
The employment of foreigners by international chains in Trinidad can raise certain concerns. Some of these concerns may include the potential displacement of local workers, the impact on local businesses, and the overall effect on the local economy. There could be apprehensions about the exploitation of foreign workers, unequal treatment, or unfair labor practices. It is essential for international chains to adhere to local labor laws, ensure fair employment practices, and contribute positively to the local community. Additionally, fostering partnerships and collaborations with local businesses and actively engaging in corporate social responsibility initiatives can help address some of these concerns and contribute to the sustainable development of Trinidad's economy.
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Discuss roles and responsibilities of healthcare providers in
relation to ethical issues that arise in patient care. How is
compliance involved in resolving these issues?
Healthcare providers such as physicians, nurses, and other healthcare personnel are responsible for providing high-quality medical care and prioritizing patient welfare.
Healthcare providers such as physicians, nurses, and other healthcare personnel are responsible for providing high-quality medical care and prioritizing patient welfare. They also have a duty to recognize and manage the ethical issues that arise in the course of providing healthcare. The healthcare industry is influenced by several variables, one of which is ethical values. Ethical values, such as accountability and responsibility, are important for healthcare providers to understand when providing patient care. Healthcare providers are responsible for treating all patients equally and fairly, regardless of their race, ethnicity, religion, or social status. In addition, healthcare providers should always prioritize the welfare of their patients and provide medical care that is based on the best available research evidence.As a result, healthcare providers must identify and manage ethical issues that arise in the provision of healthcare. Ethical problems may arise as a result of different factors, including medical treatments and procedures, patient autonomy, and consent. Compliance with ethical standards and guidelines is critical in resolving these problems.Compliance is critical because it establishes a foundation for ethical conduct. Compliance requires that healthcare providers adhere to the legal and regulatory standards that govern their practice. It is critical that healthcare providers understand and follow ethical codes of conduct to manage ethical issues effectively. In conclusion, healthcare providers have a duty to manage ethical issues that arise in patient care by adhering to the ethical codes of conduct and ensuring compliance with ethical guidelines.
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HELP CENTER Question 1 1 out of 1.5 points Mr Emad checked into Hanifah hotel on 1st May, 2022. He paid for 20 nights at $100 per night. On 14th May, 2022, there was an emergency call from his office and he checked out of the hotel. There is no penalty for cancelling the remaining days. Which of the following is not true about the hotel's records on the day Mr Emad checked out? Question 2 4 out of 5 points In January 2010, Koki enterprises purchased equipment for 610,000 and was estimated to have a useful life of 15 years with a residual value of 10,000. At the end of 2020, it was determined that there should be a test for impairment. If the company want to sell, the highest bidder of the equipment is offering 110,000. If the company wish to continue using the equipment, it hopes to gain 40,000 for the first two years and 30,000 each year subsequently. (All figures are in AED) Required: A. Compute the carrying value of the equipment at the end of 2020 (2 marks) B. As the company accountant, advise the company whether there is impairment or not. Show clearly the calculations that made you reach this decision. Statement without showing workings and formulas will not be awarded marks. (2 marks) C. Explain what the company should do with the equipment and give reason (1 Mark) Question 3 1.5 out of 1.5 points A company sells 1500 shares at No par value. The stated value is $75 per share but the company sold at $125. Which of the following record is correct on the sales date?
On the day Mr. Emad checked out, it is not true that the hotel's records showed a penalty for cancelling the remaining days.
Mr. Emad checked into Hanifah hotel on 1st May, 2022, and paid for 20 nights at $100 per night. He checked out of the hotel on 14th May, 2022, due to an emergency call from his office. As there is no penalty for cancelling the remaining days, the hotel's records on the day Mr. Emad checked out does not show any penalty for the same. This is the correct answer to the question. Hanifah hotel's records on the day Mr. Emad checked out, does not show any penalty for cancelling the remaining days. Mr. Emad checked into Hanifah hotel on 1st May, 2022, and paid for 20 nights at $100 per night. However, he checked out of the hotel on 14th May, 2022, due to an emergency call from his office. As there is no penalty for cancelling the remaining days, the hotel's records on the day Mr Emad checked out does not show any penalty for the same. Therefore, it can be concluded that the statement "there was a penalty for cancelling the remaining days" is false in the hotel's records on the day Mr. Emad checked out.
A. The carrying value of the equipment at the end of 2020 is AED 457,000.
Calculation: Carrying value of the equipment = Cost - Accumulated depreciation
Accumulated depreciation = (Cost - Residual value) / Useful life
Accumulated depreciation = (610,000 - 10,000) / 15 = 40,000 per year
Accumulated depreciation at the end of 2020 = 40,000 x 11 = AED 440,000
Carrying value of the equipment at the end of 2020 = 610,000 - 440,000 = AED 170,000
B. The company accountant should advise that there is an impairment of AED 60,000.
Calculation: Recoverable amount of the equipment = Higher of value in use and fair value less costs to sell
Value in use = Present value of expected cash flows = 40,000 + 40,000 + (30,000 x 9) = AED 370,000
Fair value less costs to sell = 110,000
Recoverable amount = max(370,000, 110,000) = AED 370,000
Carrying amount = AED 170,000
Impairment loss = Carrying amount - Recoverable amount = 170,000 - 370,000 = AED 60,000
C. The company should sell the equipment as the recoverable amount (AED 370,000) is higher than the carrying value (AED 170,000). It is not advisable to continue using the equipment.
On the sales date, the correct record is to credit the share capital account for $75 per share, debit the cash account for the actual amount of $125 per share, and credit the share premium account for $50 per share. This is because the stated value of the shares is $75 per share, and the company has issued the shares at $125 per share, which means that the company has received a premium of $50 per share. Therefore, the share capital account should be credited for the par value, the cash account should be debited for the actual amount received, and the share premium account should be credited for the amount of premium received per share.
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Do you believe fair treatment will encourage the best firms to
participate in government procurement? 150 words
Yes, fair treatment will encourage the best firms to participate in government procurement.
Government procurement is the process of purchasing goods and services by the government from private sector firms. It is essential that the government procurement process is fair, open, and transparent to ensure that taxpayers' money is spent wisely.The competition must be open to all firms in the market to ensure the best firms can participate in government procurement. If the government procurement process is perceived as unfair, then the best firms are likely to be discouraged from participating.
This will limit the government's options, which could lead to lower quality goods and services being delivered to the citizens. Fair treatment also promotes integrity, which is essential for sustainable economic growth. The government must ensure that all firms that participate in procurement are treated equally and fairly to ensure that there are no complaints or legal issues. All firms must have equal access to information and opportunities so that they can compete on a level playing field. This will result in better value for taxpayers' money and better service delivery.
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5) A small entrepreneur produces and sells hand-made decorative masks based on their orders which are given on the table. Currently, there are 2 masks on hand because of returned orders. At the beginning of each week, the staff must determine the weekly production amount. During a week in which any units are produced, a setup cost of $10 incurred. In addition, there is a variable cost of $30 in first and second weeks, and $35 in third and fourth weeks for each mask. At the end of each week, a holding cost of $2 per unit on hand is incurred. Capacity limitations allow a maximum of 25 units to be produced during each week and a maximum of 5 units as stock. They would like to determine a production schedule that will meet all demands with minimum total cost. Solve the given inventory problem by using dynamic programming.
The small entrepreneur is facing an inventory problem with hand-made decorative masks. The objective is to determine a production schedule that meets all demands while minimizing total cost.
To solve the inventory problem using dynamic programming, the entrepreneur can follow these steps:
Define the state variables: The state variables can include the week number, the number of masks on hand, and the production amount for the current week.
Formulate the recursive equation: The entrepreneur needs to determine the optimal production amount for each week based on the previous week's production amount and the current demand.
Construct a dynamic programming table: Create a table to store the optimal production amounts and corresponding costs for each week and number of masks on hand.
Populate the table: Start populating the table by calculating the costs for each possible production amount and number of masks on hand for each week, based on the recursive equation.
Find the optimal production schedule: Once the table is populated, trace back the optimal path from the final week to the first week to determine the production amounts for each week that minimize the total cost.
Analyze the results: Evaluate the total cost and production schedule obtained from the dynamic programming approach to ensure all demands are met while minimizing costs.
By applying dynamic programming to the given inventory problem, the entrepreneur can determine the optimal production schedule that meets all demands with the minimum total cost.
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Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process $24,500 $13,400 Finish
Job-order costing system is a costing method that is used by manufacturers to allocate production costs to products or jobs that are completed by an organization. The Ravsten Company is one of these companies that use job-order costing system.
Based on the provided information, the inventory balances of Ravsten Company at the beginning of the current year were $24,500 for raw materials, $13,400 for work in process, and finish goods is not provided. The costs that are incurred in job-order costing systems can be categorized into three main categories, which are direct materials, direct labor, and overhead costs. The following is how the costs incurred by Ravsten Company can be classified.
Direct Materials Cost: This category consists of materials that are used in the production process and can be directly traced to a specific product or job. Based on the given information, the raw materials inventory balance is $24,500, and this balance is categorized as a direct materials cost.
Direct Labor Cost: This category consists of the wages paid to employees who directly work on the production of a specific product or job. However, no information has been provided on the direct labor cost for Ravsten Company.
Overhead Cost: This category consists of all indirect costs that are incurred in the production process. These costs cannot be directly traced to a specific product or job. Some examples of overhead costs include rent, utilities, and depreciation on production equipment. As no information has been provided for the overhead cost, no comment can be made regarding this category.
Finish Goods Inventory: This category consists of completed products that have not been sold yet. Based on the information provided, the balance of finish goods inventory is not provided. Therefore, it is not possible to categorize the costs incurred by Ravsten Company in this category.
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Schein (2019) discusses three basic facets of culture that
matter. Culture is deep. Culture is broad. Culture is stable. In
addition, there are framing questions for each cultural element to
consider.
Schein (2019) discusses three fundamental facets of culture that matter. Culture is deep, broad, and stable. Additionally, each cultural element has framing questions that should be considered.What are the three fundamental facets of culture that matter.
Culture is deep:This implies that culture is complex, and its components can be challenging to identify. It is rooted in the organization's shared experiences, values, and beliefs, as well as its shared history.Culture is broad:This means that it is extensive and impacts many aspects of the organization's operations, including decision-making, communication, structure, and strategy.Culture is stable:This means that it changes slowly over time, and the organization's core values and beliefs typically remain constant.What are the framing questions for each cultural element to consider.
The following are the framing questions for each cultural element to consider:1. Artifacts and creations:What do we create or produce?What do these creations imply about the organization's values and beliefs?2. Espoused values and beliefs:What does the organization say it values?What do the organization's leaders believe and espouse?3. Basic underlying assumptions:What assumptions do employees hold about the organization's culture?What are the fundamental, underlying beliefs that guide the organization's operations and decision-making?The questions mentioned above help organizations understand their cultures' essential elements, which enables them to develop strategies to strengthen or change their culture.
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Please, help me with the excel assignment . show how to enter
the formula in excel
cel assignment
Casa Grande Resort & Spa Profit Center Analysis of Indirect Expenses Banquet Room Business Restaurant Center Conference Rooms Spa Lounge Total Net Revenue Cost of Sales Direct Expenses $78,865.00 $ 49
A table with different revenue sources and expenses for Casa Grande Resort & Spa. To enter a formula in Excel, follow these steps:
Click on the cell where you want to display the result of your formula.
Start typing the equal sign (=) to begin the formula.
Select the cell or range of cells containing the values you want to use in the formula.
Type the mathematical operator (+, -, *, /) necessary for your calculation.
Select the next cell or range of cells needed for the formula.
Repeat steps 4 and 5 until the formula is complete.
Press Enter to display the calculated result.
Here is an example formula you could use to calculate the total net revenue for Casa Grande Resort & Spa based on the data provided:
=SUM(B2:B7)
This formula adds up all the values in cells B2 through B7, which represent the different revenue sources from Banquet Room Business, Restaurant Center, Conference Rooms, Spa, Lounge, and any other sources not listed.
You can use similar formulas to calculate the cost of sales, direct expenses, and any other calculations you need for your analysis.
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Give an example where you’ve known people to be judged based on
the assumption that they will behave similar to others who are
"close" to them on some metric.
This assumption is often false and can lead to unfair treatment and discrimination. It is important to judge individuals based on their own actions and behaviors, rather than making assumptions based on group membership.
One example where people are judged based on the assumption that they will behave similar to others who are "close" to them on some metric is when individuals assume that all members of a particular race, nationality, or religion possess similar characteristics or traits that are used to judge them. This is often seen in cases of discrimination and prejudice, where people are judged based on stereotypes rather than their individual actions and behaviors.For instance, a person from a certain religion may be judged to be a terrorist, simply because other members of their religion have been involved in terrorist attacks. Another example is when a person is assumed to be a criminal or dangerous, based on their race or ethnicity, because of negative stereotypes associated with their group.In such cases, people are judged based on an assumption that they will behave similarly to others who are "close" to them on some metric, such as race, nationality, or religion. However, this assumption is often false and can lead to unfair treatment and discrimination. It is important to judge individuals based on their own actions and behaviors, rather than making assumptions based on group membership.
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Based on Exhibit 7-8, what would be the monthly mortgage payments for each of the following situations? (Round mortgage payment factors and final answers to 2 decimal places. Omit the "$" sign in your response.) a) A $64,000, 15-year loan at 7.0 percent APR compounded semi-annually $ b) A $140,000, 25-year loan at 5.5 percent APR compounded semi-annually $ c) A $104,000, 20-year loan at 4.0 percent APR compounded semi-annually $
The question asks for the monthly mortgage payments for three different loan situations based on Exhibit 7-8.
To calculate the monthly mortgage payments, we need to use the loan amount, loan term, and APR provided for each situation. The formula used to calculate the monthly mortgage payment is:
M = P * r * (1 + r)^n / ((1 + r)^n - 1)
Where:
M = Monthly mortgage payment
P = Loan amount
r = Monthly interest rate (APR divided by 12)
n = Total number of monthly payments (loan term multiplied by 12)
a) For the first situation, a $64,000 loan with a 15-year term and a 7.0 percent APR compounded semi-annually, we calculate the monthly mortgage payment as follows:
P = $64,000
r = 0.07 / 12 = 0.00583 (monthly interest rate)
n = 15 * 12 = 180 (total number of monthly payments)
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If San-pod is assembled in Greece, what is the unit freight cost in shipping to Germany?
To calculate the unit freight cost of shipping San-pod assembled in Greece to Germany, we need to know the weight of the shipment, the distance between the two countries, the mode of transportation, and the shipping company used to carry out the shipment. These factors would affect the cost of the shipment.
In addition, the currency of the freight cost would also be needed to give an accurate estimate. Without the specific details, it would not be possible to give an accurate answer. The reason why many states try to distinguish between delinquent offenders and status offenders is that: they have different needs and require different approaches to address their problems. What are delinquent offenders? Delinquent offenders are minors who commit crimes. These types of offenders are usually dealt with in the juvenile justice system.
They require a more severe approach to be addressed. Juvenile justice systems in various states are designed to respond to criminal behavior, including detention centers, youth boot camps, counseling, and rehabilitation. What are status offenders? On the other hand, status offenders are minors who commit offenses that are not considered criminal offenses if they were committed by an adult. These offenses are often referred to as "status offenses" because they are only illegal because of the juvenile's status as a minor. Examples of status offenses include truancy, running away from home, curfew violations, and possession of alcohol or cigarettes. In conclusion, many states try to distinguish between delinquent offenders and status offenders because of the different needs and approaches that are required to address their problems.
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Big Wheel, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sole. Sales on account are budgeted to be $20,200 for March and $81,200 for April. What are the budgeted cash receipts from sales on account for April?
The budgeted cash receipts from sales on account for April would be $60,900.This represents the portion of the April sales that will be collected in May.
To calculate the budgeted cash receipts from sales on account for April, we need to consider the collection pattern specified in the problem. Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. For April, the budgeted sales on account are given as $81,200. To determine the cash receipts, we calculate the amount collected in the month of the sale (April) and the amount collected in the following month (May).
Amount collected in April = 25% of April sales on account
Amount collected in April = 0.25 * $81,200 = $20,300. Amount collected in May = 75% of April sales on account
Amount collected in May = 0.75 * $81,200 = $60,900
Therefore, the budgeted cash receipts from sales on account for April would be $60,900.
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Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity for controlling inventory. She wants to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 30 units/period with an ordering cost of $30/order. The cost of carrying a Super-Z Wedge in inventory is $2.00/unit/period. No safety stock is carried for this item. a. Calculate the economic order quantity b. Calculate the average cycle stock for this item using the order quantity in question a. c. Assuming there are 12 periods per year, calculate total cost per year.
a) The economic order quantity for the Super-Z Wedge is approximately 42 units.
b) The total cost per year for the Super-Z Wedge using the economic order quantity is approximately $1,340.67.
a. To calculate the economic order quantity (EOQ), we can use the following formula:
EOQ = sqrt((2 * demand * ordering cost) / carrying cost per unit)
where:
demand = 30 units/period (average demand)
ordering cost = $30/order
carrying cost per unit = $2.00/unit/period
Plugging in the values, we get:
EOQ = sqrt((2 * 30 * $30) / $2.00)
EOQ = sqrt(1800)
EOQ = 42.43
Therefore, the economic order quantity for the Super-Z Wedge is approximately 42 units.
b. The average cycle stock refers to the average inventory level that is carried during the lead time between placing an order and receiving it. Assuming zero lead time, the average cycle stock would simply be half of the economic order quantity.
So, the average cycle stock for the Super-Z Wedge would be:
Average cycle stock = EOQ / 2
Average cycle stock = 42.43 / 2
Average cycle stock = 21.22
c. To calculate the total cost per year, we need to consider both the ordering cost and the carrying cost. Since there are 12 periods per year, we can use the following formula:
Total cost per year = (demand * ordering cost / EOQ) + (EOQ / 2 * carrying cost per unit * demand)
Plugging in the values, we get:
Total cost per year = (30 * $30 / 42.43) + (21.22 * $2.00 * 30)
Total cost per year = $63.27 + $1,277.40
Total cost per year = $1,340.67
Therefore, the total cost per year for the Super-Z Wedge using the economic order quantity is approximately $1,340.67.
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when a Saudi firm wants to merge with another
firm, what happens to its balance sheet
explain briefly and in clear details
provide examples with an explanation of what happened to their
balance sheet
When a Saudi firm merges with another firm, significant changes occur in its balance sheet. The balance sheet represents a company's financial position, showing its assets, liabilities, and equity.
In a merger, the balance sheets of both firms are combined to form a single balance sheet for the merged entity.
In terms of assets, the combined balance sheet will reflect the sum of the assets of both firms. For example, if Firm A merges with Firm B, the assets of both firms, such as cash, accounts receivable, inventory, and property, will be consolidated into one balance sheet.
Regarding liabilities, the combined balance sheet will include the liabilities of both firms. This includes items such as accounts payable, loans, and other obligations. Liabilities from both firms will be added together to form the new balance sheet.
Equity, which represents the owners' stake in the company, will also be affected. The equity of both firms will be combined, reflecting the ownership interest of the shareholders in the merged entity.
Overall, the balance sheet of the Saudi firm undergoing a merger will experience changes in terms of assets, liabilities, and equity. The specific impact will depend on the financial position of the merging firms and the terms of the merger agreement.
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Christmas Express makes wreaths in batch sizes of 12. The cutting & assembly process takes 8 minutes per wreath and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting & assembly process to the decorating process. Compute the value-added, non-value-added, and the total lead time of the wreath process. Value-added lead time Non-value-added lead time: Move time Within batch wait time Total lead time Compute the value-added ratio. Round to one decimal place. percentage
Value-added lead time: 18 minutes ,Non-value-added lead time: 12 minutes ,Total lead time: 30 minutes,Value-added ratio: 60%.
Value-Added Lead Time: It is the time taken to manufacture a product or deliver a service that meets customer requirements. This comprises the actual process that adds value to the product or service.
In the given scenario, the value-added lead time is the time taken to complete the actual cutting, assembly, and decoration of wreaths. The value-added lead time is 8 + 10 = 18 minutes.Non-Value-Added Lead Time: It is the time that does not add any value to the product or service, i.e., it is wasted time. In the given scenario, the non-value-added lead time is the time taken to move wreaths from the cutting and assembly process to the decoration process.It is 12 minutes.
The total lead time: The total lead time is the sum of the value-added and non-value-added lead times. Hence, the total lead time is 18 + 12 = 30 minutes.Value-added ratio: It is the ratio of the value-added time to the total lead time.
Hence, the value-added ratio is (18/30) * 100 = 60%. Value-added lead time: 18 minutes ,Non-value-added lead time: 12 minutes ,Total lead time: 30 minutes.
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Which of the following is true when a customer pays for a service before it has been provided? Select one: a. Revenue should be recognized evenly over the next year. b. The revenue account should be increased along with accounts receivable. c. Revenue should be recognized because the service was provided. d. Revenue cannot be recognized even though cash has been collected.
(c) Revenue should be recognized because the service was provided.
Revenue recognition is the process of accounting for revenue earned by a company. A company's revenue is generated from the sale of goods and services. As a result, revenue recognition is critical in determining a company's financial status and is one of the most difficult accounting tasks. When a customer pays for a service before it is provided, revenue should be recognized because the service has been provided or will be provided at a future date.Revenue recognition is the process of identifying and recording revenue as it occurs. When a company provides a service, the revenue is usually recorded at the time of delivery. As a result, a company must record the revenue that it expects to receive when it delivers the service. When a company receives cash before delivering a service, it records the cash in its accounts and creates a liability account for the unearned revenue. When the company provides the service, it then records the revenue and reduces the unearned revenue account by the same amount.In conclusion, the correct option for the following question is (c) Revenue should be recognized because the service was provided.
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