Answer:
Work in process= $192,000
Explanation:
Giving the following information:
Direct materials used in production 40,000
Direct labor 10,000
Variable manufacturing overhead 2,000
Fixed manufacturing overhead $ 140,000
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Work in process= 40,000 + 10,000 + 2,000 + 140,000
Work in process= $192,000
Larry Simmons has split-limit 150/225/110 automobile liability insurance. Several months ago Larry was in an accident in which he was found to be at fault. Four passengers were seriously injured in the accident and were awarded $243,000 each because of Larry's negligence. How much of this judgment will Larry's insurance policy cover? What amount will Larry have to pay out of pocket?
Answer:
Larry's insurance policy cover = $729,000
Amount pay by Larry = $243,000
Explanation:
Given:
Number of insurance = 3
Each injured person awarded = $243,000
Find:
Larry's insurance policy cover
Amount pay by Larry
Computation:
Larry's insurance policy cover = Number of insurance × Each injured person awarded
Larry's insurance policy cover = $243,000 × 3
Larry's insurance policy cover = $729,000
Amount pay by Larry = $243,000 (For fourth person)
The HASF Company has an annual plant capacity of 50,000 units. Predicted data on sales and costs are given below.
Answer:
Down Below
Explanation:
If the HASF Company has an annual plant capacity of 50,000 units and produces to the capacity of 50,000, then the sales will be at the highest margin.
ASAP WILL MARK BRAINLIEST When many more people wish to purchase a product, its price will tend to _____. a. stay the same b. decline only to rise again c. increase d. fall
Answer:
C. Increase
Explanation:
Demand-pull inflation is the most common cause of rising prices. It occurs when consumer demand for goods and services increases so much that it outstrips supply. Producers can't make enough to meet demand
Now consider machining jamming caused by both defective parts jamming and station malfunction. Assume component lot quality is at the level of 1/4 percent defective, what is the production rate? Can the production quota of 2,500 units per eight-hour shift be met? What is the percent downtime? What is the efficiency of this line? What is the throughput time?
Please find full question attached Answer:
C. production rate =2873 units per 7.8hrs
Production rate of 2500 units per 8 hours can be reached.
Percent Down time = 2.5%
Efficiency of line = 114.92%
Throughput time = 7.8 hrs
Explanation:
Please find explanation attached
4 types of customer markets?
Answer: the grouchy one, the nice one, the one that gets the whole entire store, and the one who needs 2 bags for one little thing
Explanation:
Which is not a defining attribute of a group?a. Mutual goal b. Unstructured relationships c. Positive interdependence d. Interpersonal interaction.
Answer:
d. Interpersonal interaction.
Explanation:
A group may have mutual goal, unstructured relationships but may not necessarily have Interpersonal interaction.
For example, a group of 100 persons makes up the passengers on a flight heading to New York City (their mutual goal) and they're made of individuals of random backgrounds (unstructured relationships). They expect the pilots to deliver them safely at their destination (positive interdependence), however, it is likely that throughout the trip there is no interpersonal interaction among the passengers.
Harris Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $181.30 per unit. Sales volume (units) 8,000 9,000 Cost of sales $ 479,200 $ 539,100 Selling and administrative costs $ 736,000 $ 765,000 The best estimate of the total variable cost per unit is:
Answer:
Total variable cost = $88.9
Explanation:
Given:
Selling cost = $181.30 per unit
Sales volume (units) 8,000 9,000
Cost of sales $479,200 $539,100
Selling and administrative costs $736,000 $765,000
Variable cost [cost of sales] = [539,100-479,200]/[9000-8000]
Variable cost [cost of sales] = 59.9
Variable cost [Selling and administrative cost] = [765,000-736,000]/[9000-8000 ]
Variable cost [Selling and administrative cost] = 29
Total variable cost = $59.9 + $29
Total variable cost = $88.9
Your landscaping company can lease a truck for $7,800 a year (paid at year-end) for 6 years. It can instead buy the truck for $38,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%. What is the present value of the cost of leasing?
Answer:
3717.6140
Explanation:
Calculation for the present value of the cost of leasing
Using this formula
Present value=Lease amount/Interest rate×(1-1/Increase interest rate^Numbers of Years)
Let plug in the formula
Present value=7,800/7%×(1-1/1.07^6)
Present value=11.142×0.3336577
Present value=3717.6140
Therefore the present value will be 3717.6140
Natural Lite, Inc. reported the following items during fiscal 2010. The firm purchased marketable securities of $87,500, paid down a long-term loan in the amount of $650,000, purchased $4,250,000 of new equipment. The firm also issued $6,250,000 of common stock, paid $350,225 in dividends to its common shareholders, and repurchased $1,250,000 of common stock in the open market. What is the net cash provided by financing activities?
Answer:
$3,999,775
Explanation:
The first step is to calculate the cash outflows from financing activities
= $1,250,000 + $650,000 + $350,225
= $2,250,225
Since the cash inflow that is gotten from financing activities is $6,250,000 then the net cash provided from financing activities can be calculated as follows
= $6,250,000 - $2,250,225
= $3,999,775
Hence the net cash provided from financing activities is $3,999,775
Any materials published before the year usually are not subject to copyright.
Answer:
1923 is the correct answer
Explanation:
edge 2020
Any materials published before the year 1923 usually are not subject to copyright.
What is copyright?When a person sets a creation in a physical style of expression, trademark, or a sort of property right, preserves the original authorship of that work to avoid it from inappropriately imitating.
A work must possess a "sense of excitement" and a "fair degree" of creativity, according to the Supreme Court, in order to be considered creative. However, some things, like slogans, brief phrases, names, and titles, lack creativity.
They finished printing all of the CCE "Book" volumes from 1923 to 1964 at the beginning of May. This gives us the most up-to-date picture of the number of books that were protected by copyright in the United States during this time.
Learn more about copyright, here:
https://brainly.com/question/14704862
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How does the Federal Reserve control the financial system of the country?How does the Federal Reserve control the financial system of the country?
Answer:
The Federal Reserve controls inflation by managing credit, the largest component of the money supply
Explanation:
hope this helps : )
Are there any true communist economies today? Which economies call themselves communist, and what are they actually, if not communist?
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Answer:
Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.
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The basic of objective of all marketing communication methods is to:______.
Answer:
drive the receiver into action
Explanation:
The objectives of all marketing communication methods can be summarily described as the following:
1. communicate to the targeted audience
2. to compete with other competitors
3. to convince the receiver into taking action.
Hence, basis of the objective of all marketing communication methods is to drive the receiver into action. This implies that the receiver, after finding the message beneficial will take action to buy the goods or services being offered.
The provision which prevents the insured from bringing any legal action against the company for at least 60 days after proof of loss is known as:______.
Answer: Legal Actions provision
Explanation:
Legal Actions provision is simply the provision which prevents the insured from bringing any legal action against the company for at least 60 days after proof of loss.
It should be noted that the insured is simply the individual or the organization that is being convered by the insurance policy.
A firm expects to sell 25,900 units of its product at $7 per unit. Pretax income is predicted to be $60,900. If the variable costs per unit are $3, total fixed costs must be:_____.
Answer:
Fixed costs= $42,700
Explanation:
Giving the following information:
A firm expects to sell 25,900 units of its product at $7 per unit.
Pretax income is predicted to be $60,900.
Unitary variable cost= $3
The pretax formula is:
Pretax income= total sales - total variable cost - total fixed costs
We have to isolate the fixed cost:
Fixed costs= total sales - total variable cost - pretax income
Fixed costs= 25,900*(7-3) - 60,900
Fixed costs= $42,700
You were recently promoted to a management position at a large department store. One of your new responsibilities is recruiting and hiring people for various positions in the store. You decide to take a close look at some of the jobs that you will be hiring for in the next month to identify what types of people to recruit and hire. Because the Assistant Manager position requires someone who can learn quickly and rapidly acquire, process, and synthesize information, what type of intelligence will you be looking for to fill this position
Answer:
General mental ability
Explanation:
The job role in this scenario is for Assistant manager position requires someone that can learn quickly and rapidly acquire, process, and synthesize information.
This requires someone with general mental ability.
General mental ability is the skill one posses to easily understand verbal information, process numbers and information, and ability to see logical relationships between different concepts.
Other intelligence types include Spatial-visual intelligence, Logical-mathematical intelligence, Bodily-kinesthetic intelligence
Panjim began 2015 with salaries payable balance of $75,000. It had 2015 salary expense of $80,000. Its 2015 ending salaries payable balance must be _______.a) $95,000
b) $55,000
c) $155,000
Answer:
c) $155,000
Explanation:
Beginning Balance of Salaries Payable = $75,000
Salary Expense during 2015 = $80,000
Ending Salaries Payable Balance = $75,000+$80,000= $155,000
Here we assume that all the salaries have been added up in the salaries payable account during the year 2015 and not yet paid by the end of the year 2015 thus making a total of ($75,000+$80,000) $155,000.
If only the salaries accrued during the years 2015 of $ 80,000 had been paid the balance of salaries payable would have been the same as the beginning balance of $ 75,000.
The last in line for the payment of profits are the:_______ a) boundholders b) common stockholders c) preferred stockholders d) government e) customers.
Answer:
common stockholders
Explanation:
After taxes have been paid to the government, bondholders are paid.
Bondholders are those who borrow money to a company. They are paid fixed contractual amount at set dates
After bondholders have been paid, preferred stockholders are paid.
common stockholders are the last to be paid. common stockholders are owners of the company. common stockholders are individuals that purchase the shares of a company
PittCo has a policy of paying salaries for contract labor on the 15th of the month following the labor services received. In December 2020, the company paid $15,000 in salaries for labor services received in November 2020. In addition, labor services received in December 2020 were $12,000 and will be paid by the company on January 15, 2021. What adjusting entry will PittCo record on December 31, 2020
Answer and Explanation:
The adjusting entry is shown below:
As on December 2020
Salaries Expense $12,000
Salaries Payable $12,000
(Being salary outstanding is recorded)
To record this, we debited the salaries expense as it increased the expenses and credited the salaries payable as it also increased the liabilities
Therefore this should be the adjusting entry passed
A Japanese car company produces. It’s cars in the United States
Answer:
A) Toyota, a Japanese car company, producing cars in the United States
Explanation:
Here is the full question :
Which of the following would be included in GDP for the United States?
A) Toyota, a Japanese car company, producing cars in the United States
B) a U.S. professor taking a year off to teach at the London School of Economics
C) a tire manufacturer making and selling tires to Ford to be used in their new cars
D) Jane's purchase of a used car after her old car is destroyed in an accident
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The tires sold to Ford are an intermediate good and it would not be included in GDP
The used car bought by Jane would not be included in GDP because it wasn't produced in current year. The car would have been included in the GDP of the year it was produced. So, including it would count as double counting
The car produced in the US would be included in GDP because it was produced in the current year in the US
The following income statement is provided for Ramirez Company for the current year: Sales revenue (3,500 units × $21.00 per unit) $ 73,500 Cost of goods sold (variable; 3,500 units × $9.00 per unit) (31,500 ) Cost of goods sold (fixed) (5,000 ) Gross margin 37,000 Administrative salaries (7,000 ) Depreciation (5,000 ) Supplies (3,500 units × $3.00 per unit) (10,500 ) Net income $ 14,500 What amount was the company's contribution margin?
Answer:
Contribution margin = $31,500
Explanation:
Given:
Sales revenue (3,500 units × $21.00 per unit) = $73,500
Cost of goods sold (variable: 3,500 units × $9.00 per unit) = $31,500
Supplies (3,500 units × $3.00 per unit) = $10,500
Find:
Contribution margin
Computation:
Contribution margin = Sales Revenue - Variable cost - Supplies
Contribution margin = $73,500 - $31,500 - $10,500
Contribution margin = $31,500
Suppose we have the following information for a hypothetical economy: Farmer Freddy sells $50 worth of grain to Mindy Miller. Mindy Miller turns the grain into flour, and sells it to Barney Baker for $80. Barney Baker turns the flour into cakes and sells them to customers for $200, who eat them. What is the GDP in this scenario
Answer: $200
Explanation:
The Gross Domestic Product is the final market value of goods and services produced in a country in a given period ( usually a year) and is a measure of economic performance.
Intermediate goods are not included in the calculation as it will lead to double counting since all the intermediate transactions will be reflected in the final price.
The GDP in this scenario is therefore $200.
Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G
Answer:
net income will decrease by $30,000
Explanation:
The information is incomplete, so I looked for a similar question (see attached image).
Even though product G resulted in a $20,000 loss, it absorbed $50,000 of fixed costs.
The net financial effect of discontinuing product G = unavoidable fixed costs - previous gain or loss resulting from operations = -$50,000 - (-$20,000) = -$50,000 + $20,000 = -$30,000.
So net income will decrease by $30,000.
please helppppppppppppppppppppppppppppp
Answer:
In the first column state the things that you need to do.In the next one say when they should be done. The next is how it's going.Then it's the date you finished.
The central bank of Albernia likes to use changes in the reserve requirement to manage the money supply. The commercial banks of Albernia have $100 million in reserves and $1,000 million in deposits, the initial required reserve ratio is 10%. (The commercial banks follow a policy of holding no excess reserves). How much, at most, will the money supply change if the required reserve ratio falls to 5%?
Answer:
$10,000 million
Explanation:
The computation of the change in the money supply is shown below:
At 10%
Required reserves= deposits × required reserve ratio
= $1000 million × 10%
= $100 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 10% × $1000 million
= 10 x $1000
= $10,000 million
At 5%
As we know that
Required reserves= deposits × required reserve ratio
= $1000 million × 5%
= $50 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 5% × $1000 million
= 20 x $1000
= $20,000 million
Now change in supply is
= $20,000 million -$10,000 million
= $10,000 million
ndicate the proper IFRS presentation: Select one: a. Listing noncurrent assets before current assets, and listing Retained Earnings before Current Liabilities b. Listing noncurrent assets before current assets, and listing Current Liabilities before Retained Earnings c. Listing current assets before noncurrent assets, and listing Retained Earnings before Current Liabilities d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings
Answer:
The proper IFRS presentation is:
d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings
Explanation:
The above listing is in the order of liquidity, especially of current assets and noncurrent assets. This listing shows all the current assets before the noncurrent assets with Cash, Accounts Receivable, etc following that order for the listing of current assets. And the more permanent assets are listed last. Similarly, for the Liabilities and Equity side, the Current Liabilities are listed first before the Noncurrent Liabilities followed by Equity (Share Capital and Retained Earnings) in that order.
You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4% nominal interest, compounded semiannually, how much will be in your account after 3 years? Round your answer to the nearest cent.
Answer:
You will have $5,204.04 in your account after 3 years.
Explanation:
To calculate this, the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:
FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)
Where,
FV = Future value of the amount after 3 years =?
M = Payment every 6 months = $1,000
r = Semiannual interest rate = 4% ÷ 2 = 2%, 0.02
n = number of times the payment is made = 5
Substituting the values into equation (1), we have:
FV = 1,000 * {[(1 + 0.02)^5 - 1] / 0.02}
FV = 1,000 * {[1.02^5 - 1] / 0.02}
FV = 1,000 * {[1.1040808032 - 1] / 0.02}
FV = 1,000 * {0.1040808032 / 0.02}
FV = 1,000 * 5.20404016
FV = 5,204.04016 = $5,204.04 to the nearest cent.
Therefore, you will have $5,204.04 in your account after 3 years.
When two countries trade with one another, it is most likely because A. the wealthy people in each of the two countries are able to benefit, through trade, by taking advantage of other people who are poor. B. some people involved in the trade do not understand that one of the two countries will become worse-off because of the trade. C. the opportunity costs of producing various goods are identical for the two countries. D. the two countries wish to take advantage of the principle of comparative advantage.
Answer:
D. the two countries wish to take advantage of the principle of comparative advantage.
Explanation:
This is true because, when the comparative advantage that exist between two countries in production process is high, it leads to business trade relation. For example, country A has the comparative advantage of producing milk more than country B while country B has the advantage of producing egg than country A. Because both countries needs what the other produces, it would lead to trade between them.
Free Cash Flow The following information is derived from recent financial statements of BizInc Corp.: EBIT for 2014 was $159, and Depreciation Expense for 2014 was $41. The firm's tax rate is 26%. Net Operating Working Capital (NOWC) for end of year 2013 was $63, and NOWC for end of year 2014 was $65. Net fixed assets for EOY 2013 were $124 and they were $322 for EOY 2014. All dollar figures for this question are in $Millions -- you should disregard units in all figures, including your response. The Free Cash Flow for 2014 was $_________(million).
Answer:
The Free Cash Flow for 2014 was ($41.34 million)
Explanation:
Value of free cash flow = EBIT (1 - tax rate) + Depreciation - Capital expenditure - Working capital
= $159 million ( 1 - 0.26) + $41 million - ($322 million - $124 million) - ($65 million - $63 million)
= $159 million (0.74) + $41 million - $198 million - $2 million
= $117.66 million + $41 million - $198 million - $2 million
= -$41.34 million.
three most difficult responsibility of managing your family
Answer:
1) to do all the chores
2) to understand and stop family fights
3) to take care of a sick family member
