Imagine that you work in a call center. Your manager tells you that you need to answer 25% more calls per hour. In order to do this, you must spend less time with each caller, and your caller satisfaction scores are going down. By answering more phone calls but providing worse service, you ARE being __________ but NOT ___________.

Answers

Answer 1

Answer:

By answering more phone calls but providing worse service, you ARE being EFFICIENT but NOT SATISFY CUSTOMERS' NEEDS.

Explanation:

A worker's efficiency is measured by the total output per hour of labor. In this case, since you are answering more calls per hour, your efficiency is increasing (higher output per hour).

The quality of the service provided by a worker's is measured by the quality of their output (or performance), and if you satisfy your customers' needs. Since the service that you are providing is not that good, then your quality levels are decreasing.

You may be producing more services, but the services produced lack good quality.


Related Questions

Betty contributed land with a $6,000 basis and a $10,000 FMV to the ABC Partnership in Year 1. In Year 2, the land was distributed to Sally, another partner in the partnership. At the time of the distribution, the land had a $12,000 fair market value, and Sally had a $30,000 basis for her partnership interest. What gain is recognized by Betty on the distribution? What is Sally’s basis for the distributed land?

Answers

Answer:

a. Gain recognized by Betty on the distribution is $4,000.

b. Sally’s basis for the distributed land is therefore $10,000.

Explanation:

a. What gain is recognized by Betty on the distribution?

When an asset contributed by a partner to a partnership is distributed, the gain or loss to be recognized by the partner that contributed the asset is the difference between the fair market value (FMV) and the basis of the asset. Therefore, we have:

Gain recognized by Betty = FMV of the land - Basis of the land = $10,000 - $6,000 = $4,000

b. What is Sally’s basis for the distributed land?

When an asset of partnership is distributed to another partner in a partnership, the partner's basis for the distributed asset is the FMV of the distributed asset.

Since the FMV of the land contributed by Bettt but now distributed to Sally is $10,000, Sally’s basis for the distributed land is therefore $10,000.

Job costing, unit cost, ending work in process. Rowan Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2: A B C 1 Rowan Company, May 2016 Job M1 Job M2 2 Direct materials $ 75,000 $ 56,000 3 Direct manufacturing labour 275,000 209,000 Direct manufacturing labour is paid at the rate of $25 per hour. Manufacturing overhead costs are allo- cated at a budgeted rate of $22 per direct manufacturing labour-hour. Only Job M1 was completed in May. Required: 1. Calculate the total cost for Job M1. 2. 1,600 pipes were produced for Job M1. Calculate the cost per pipe. 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending balance in the Work-in-Process Control account?

Answers

Answer:

1. The total cost for Job M1 is $592,000

2. Cost per unit is $370

3. Journal

Finished goods inventory 592,000  

Work in process inventory                    592,000

4.  Ending balance in Work-in-Process Control account is $448,920

Explanation:

                                A                              B                          C

1)   Rowan Company, May 2016           Job M1              Job M2

2)  Direct materials                             $ 75,000             $ 56,000

3)  Direct manufacturing labour          275,000                209,000

Direct manufacturing labour is paid at the rate of $25 per hour

Manufacturing overhead costs are allocated at a budgeted rate of $22 per direct manufacturing labour-hour

1. Direct labor rate = $25 per hour

Direct labor hours used on Job M1 = Direct manufacturing labor ÷ Direct labor rate

= 275,000 ÷ 25

= $ 11,000

Manufacturing overhead applied to Job M1 = Direct labor hours used on Job M1 x 22

= $11,000 x 22

= $242,000

Job cost sheet (Job M1)

Direct material  = $75,000

Direct labor = $275,000

Overhead applied  = $242,000

Total cost = $592,000

2.  Cost per unit = Total cost ÷ Number of units

= 592,000 ÷ 1,600

= $370

3. Journal

Finished goods inventory 592,000  

Work in process inventory                    592,000

4.  Direct labor hours used on Job M2 = Direct manufacturing labor/Direct labor rate

= 209,000 ÷ 25

= $8,360

Manufacturing overhead applied to Job M2 = Direct labor hours used on Job M2 x 22

= $8,360 x 22

= $183,920

Job cost sheet (Job M2)

Direct material  = $56,000

Direct labor  = $209,000

Overhead applied  = $183,920

Total cost  = $448,920

Ending balance in work in process control account = $448,920

Frank Barlowe is retiring soon, so he is concerned about his investments providing him with a steady income every year. He is aware that if interest rates , the potential earnings power of the cash flow from his investments will increase. In particular, he is concerned that a decline in interest rates might lead to annual income from his investments. What kind of risk is Frank most concerned about protecting against? Reinvestment rate risk Interest rate risk

Answers

Answer:

Increase

less

A) Reinvestment rate risk.

Explanation:

Reinvestment rate risk is demonstrated as the type of financial risk in which the investor is concerned about his investment getting canceled or stopped in the future and the other party/place might not be able to provide a similar rate of return.

In the given situation, Frank Barlowe is concerned about reinvestment risk. He is aware that he will earn a steady income from his investments as he knows that when the interest rates increase, his potential returns would increase and vice versa. But since he is retiring, he has a potential concern that if the investment gets abandoned somehow, he might not be able to reinvest his amount at the same rate and will not be able to continue with steady returns. Thus, option A is the correct answer.

You are attempting to value a call option with an exercise price of $100 and one year to expiration. The underlying stock pays no dividends, its current price is $100, and you believe it has a 50% chance of increasing to $120 and a 50% chance of decreasing to $80. The risk-free rate of interest is 10%.Based upon your assumptions, calculate your estimate of the the call option's value using the two-state stock price model.

Answers

Answer:

$13.64

Explanation:

Given:

Exercise price,X = $100

Current price = $100

Value when price is up, uS = $120

Value when price is down, dS= $80

Risk free interest rate = 10%

First calculate hedge ratio, H:

[tex] H = \frac{C_u - C_d}{uS - dS} [/tex]

Where,

Cu = uS - X

= 120 - 100

= $20

[tex] H = \frac{20 - 0}{120 - 80} = \ftac{1}{2}[/tex]

A risk free portfolio involves one share and two call options.

Find cost of portfolio:

Cost of portfolio = Cost of stock - Cost of the two cells.

= $100 - 2C

This portfolio is risk free. The table below shows that

_______________

Portforlio 1:

Buy 1 share $80; Write 2 calls: $0; Total: ($80 + 0) $80

____________________

Portforlio 2:

Buy 1 share: $120; Write 2 calls: -$40; Total: ($120 - $40) $80

Check for oresent value of the portfolio:

Present value [tex] = \frac{80}{1 + 0.10} = 72.73 [/tex]

Value = exercise price - value of option

$72.73 = $100 - 2C

Find call option, C

[tex] C = \frac{100 - 72.73}{2} = 13.64 [/tex]

Call option's value = $13.64

1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe the five-stage purchase decision process for a Coppertone customer. 3. What are the possible situational, psychological, and sociocultural influences on the Coppertone consumer purchase decision process? Situational Psychological Sociocultural 4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace? 5. What challenges does Coppertone face in the future? What actions would you recommend related to each challenge?

Answers

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

1. When The understanding of consumer behavior that has helped Coppertone grow in the United States and around the world are:

Although, Its understanding of consumer behavior was along with changing the behavior of consumers.

Then Its understanding was along with consumers' changing needs.

Consumer behavior

Also when Providing innovative solutions that are under consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumer's preferences changed from tanning to skin protection.

2. When The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information- It is the stage of seeking a solution to the problem

c. Comparison of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability, etc.

d. Decision of purchasing - This is the stage of decision-making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. When The factors that can influence the Coppertone consumer purchase decision process are:

Psychological: Consumers intend to protect their skin from the sun while going out thereby maintaining their good look.

Sociological: It is in human behavior to replicate the things that are being done by other people in society.

Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their needs.

4. When The marketing activities Coppertone utilized to help it grow in the marketplace are:

The Advertisement: when the Coppertone advertisement strategy worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

Use of social media: They also engage with their customers on social media and other websites.

5. The challenges that would be faced by Coppertone in the future are:

There will be an unbalanced demand and supply since the requirement of the product is seasonal.

Then Selective usage of the product by the customer can hamper the sale.

There may be a need for more innovative products to meet customer needs.

The recommendation related to each challenge are:

Awareness should be created among the customers about their self-health and looks, for them to shift away from seasonal usage.

New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

Find out more information about consumer behavior here:

https://brainly.com/question/26324990

Assume that the economy has three types of people. 20% are fad followers, 75% are passive investors and 5% are informed traders. The portfolio consisting of all informed traders has a beta of 1.4 and an expected return of 12.4%. The market has an expected return of 10% and the risk-free rate is 4%. The expected return for the fad follower's portfolio is closest to:__________.
a. 11.5%
b. 13.6%
c. 16%
d. 12.4%

Answers

Answer: a. 11.5%

Explanation:

Fad followers are those investors who follow a trend when it emerges and as such their betas will be less than that of informed traders because the informed traders would have acted first.

Using the Capital Asset Pricing Model to calculate expected return.

Er = Rf + b( Rm - Rf)

Er = Expected return

Rf = Risk Free Rate

b = Beta

Rm = Market Return.

The Expected Return for the Informed Investors is,

= 4% + 1.4 ( 10% - 4%)

= 4% + 1.4 ( 6%)

= 12.4%

With the Fad followed expected to have a lower beta and therefore a lower expected return than the Informed Investors, the only suitable option is the 11.5%.

Brief Exercise 233 Kinney Company purchased a truck for $66,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $8,000 at the end of that time. During the second year the truck was driven 27,000 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided.Units-of-activity $_________
Double-declining-balance $_________

Answers

Answer:

$15,660

$16,500

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1 / useful life)

2 x (1 / 4 ) = 0.5

The depreciation expense in the first year = 0.5 x $66,000 = $33,000

Book value = $66,000 - $33,000 = $33,000

The depreciation expense in the second year = 0.5 x $33,000 = $16,500

The Units of production method = (miles driven in the second year / estimated total miles that can be driven) x (Cost of asset - Salvage value)

(27,000 / 100,000) × ($66,000 - $8,000)

= 0.27 x $58,000 = $15,660

I hope my answer helps you

Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $270,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.55 per share during the year. Also assume that the company’s common stock had a market price of $70 at the end of the year and there was no change in the number of outstanding shares of common stock during the year.

Answers

Additional information:

The financial statements for Castile Products, Inc., are given below:

Castile Products, Inc.

Balance Sheet

December 31

 Assets            

Current assets:            

    Cash $23,000  

    Accounts receivable, net $250,000  

    Merchandise inventory $340,000  

    Prepaid expenses $8,000  

Total current assets $621,000  

Property and equipment, net $840,000  

Total assets $1,461,000  

             

Liabilities and Stockholders' Equity            

Liabilities:            

    Current liabilities $290,000  

    Bonds payable, 11% $300,000  

Total liabilities $590,000  

Stockholders’ equity:            

    Common stock, $10 par value $130,000  

    Retained earnings $741,000  

Total stockholders’ equity $871,000  

Total liabilities and equity $1,461,000  

Castile Products, Inc.

Income Statement

For the Year Ended December 31

Sales $2,140,000  

Cost of goods sold $1,230,000  

Gross margin $910,000  

Selling and administrative expenses $600,000  

Net operating income $310,000  

Interest expense $33,000  

Net income before taxes $277,000  

Income taxes (30%) $83,100  

Net income $193,900

Required:

Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) 5. Book value per share. (Round your answer to 2 decimal places.)

Answer:

$14.9217.1%3.6%4.7$67

Explanation:

1. Earnings per share = net income / average shares outstanding = $193,900 / 13,000 stocks = $14.92

2. Dividend payout ratio = total dividends / net income = ($2.55 x 13,000) / $193,900 = $33,150 / $193,900 = 17.1%

3. Dividend yield ratio = dividend per share / market price per share = $2.55 / $70 = 3.6%

4. Price-earnings ratio = price per share / earnings per share = $70 / $14.92 = 4.7

5. Book value per share = (stockholders' equity - preferred stocks) / total number of stocks outstanding = $871,000 / 13,000 = $67

The constraint at Johngrass Corporation is time on a particular machine. The company makes three products that use this machine. Data concerning those products appear below: UE BI CR Selling price per unit $335.18 $228.46 $199.21 Variable cost per unit $259.26 $173.08 $159.61 Minutes on the constraint 7.50 4.30 5.50 Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource?

Answers

Answer:

Explanation:

                                             UE              BI              CR

Selling price per unit      $335.18       $228.46     $199.21

Variable cost per unit    $259.26       $173.08      $159.61

Contribution margin       $75.92         $55.38       $39.60

Per unit (a)

Amount of constraint      7.50              4.30            5.50

resources required to

produced one unit (b)

Contribution margin

per unit of the                  $10.12           $12.86         $7.20

constraint resources

(a) / (b)

Ranking                             2                     1                  3

The company should be willing to pay up $7.20 per minute to produce more CR

You work for a company that ends their fiscal year on September 30th. The company billed its customers for services provided in August, but they have not yet received payment for these services. Assuming the company uses accrual accounting, how should this transaction be recorded

Answers

Answer:

Debit Accounts receivable

Credit Service Revenue

Being entries for services rendered to customers in August

Explanation:

Under accrual accounting, revenue is recognized once it is earned which is when the goods or services have been delivered to the customers such that the risk and reward or control of the goods/services now lies with the customer.

This is different from the cash basis of accounting where revenue is only recognized when cash has been received.

In accrual accounting, When revenue is earned but cash is yet to be received,

Debit Accounts receivable

Credit Revenue account

On receipt of cash,

Debit Cash account  

Credit Accounts receivable.

a) Depreciation on the company's equipment for 2017 is computed to be $16,000.

b) The Prepaid Insurance account had a $9,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the company’s insurance policies showed that $900 of unexpired insurance coverage remains.

c) The Office Supplies account had a $540 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $637 of supplies available.

d) One-fourth of the work related to $11,000 of cash received in advance was performed this period.

e) The Prepaid Insurance account had a $5,100 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $4,200 of coverage had expired.

f) Wage expenses of $5,000 have been incurred but are not paid as of December 31, 2017.


Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations.

Answers

Answer:

Adjusting Journal Entries:

a) Debit Depreciation Expense - Equipment $16,000

   Credit Accumulated Depreciation - Equipment $16,000

To record depreciation charge for the year.

b) Debit Insurance Expense $8,100

   Credit Insurance Prepaid $8,100

To record insurance expense for the year.

c) Debit Office Supplies Expense $2,583

   Credit Office Supplies Account $2,583

To record office supplies used for the year.

d) Debit Deferred Revenue $2,750

   Credit Service Revenue $2,750

To record revenue for work done this period.

e) Debit Insurance Expense $4,200

   Credit Prepaid Insurance $4,200

To record insurance expense for the year.

f) Debit Wages Expense $5,000

  Credit Wages Payable $5,000

To record unpaid wages as of December 31, 2017.

Explanation:

Adjusting journal entries are entries made in the journal to accrue expenses and revenue in line with the accrual concept and the matching principle of U.S. GAAP.  The concept and principle require that expenses and revenue are matched in the period they were incurred and not when they were actually paid for or received.

A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.60 today. The system is expected to generate net cash flows of $13,000 per year for the next 35 years. The investment has zero salvage value. QS 24-15 Net present value LO P3 The company requires an 8% return on its investments. 1-a. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) 1-b. Should the project be accepted?

Answers

Answer:

NPV is positive,the project should be accepted

Explanation:

In determining whether or not the project should be accepted ,we need to ascertain the Net Present value of the project which is present value of cash inflows of $13,000 for 35 years minus the initial investment of $125,374.60 committed today.

The annuity factor for 8% for 35 year horizon is 11.6546 using annuity table.

Present of cash inflow=cash inflow*annuity factor=$13,000*11.6546=$151,509.80  

Net present value=$ 151,509.80-$125,374.60=$ 26,135.20  

The investment has a positive NPV,hence should be accepted

The RST Company makes 38,000 parts to be used in its main products. The cost per part at this activity level is:
Direct materials
$
6.50
Direct labor
$
6.60
Variable manufacturing overhead
$
3.75
Fixed manufacturing overhead
$
3.45




An outside supplier offered to supply RST Company this part at $18 per unit. If RST Company decides not to make the parts, there would be no other use for the production facilities and none of the fixed manufacturing overhead cost could be avoided. Direct labor is a variable cost. The annual financial advantage (disadvantage) for the company as a result of buying these parts from the outside supplier rather than making them internally would be:


($186,200)


($87,400)


($43,700)


$87,400

Answers

Answer:

($43,700)

Explanation:

38,000 units produced:

Direct materials  $ 6.50 Direct labor  $6.60 Variable manufacturing overhead $3.75 Fixed manufacturing overhead  $3.45total cost per unit = $20.30

outside supplier offers parts at $18 per unit

fixed manufacturing overhead is unavoidable

                                Alternative 1             Alternative 2        Differential

                                keep producing       buy                        amount

Prod. cost                $771,400                               $0            $771,400

Purchase cost                    $0                  $684,000            ($684,000)

Unavoidable costs            $0                     $131,100               ($131,100)

total                         $771,400                    $815,100               ($43,700)

The financial disadvantage of purchasing the parts from an outside vendor = ($43,700)

Victory Company uses weighted-average process costing to account for its production costs.
Conversion costs are added evenly throughout the process.
Direct materials are added at the beginning of the process.
During November, the company transferred 800,000 units of product to finished goods.
At the end of November, the work in process inventory consists of 187,000 units that are 60% complete with respect to conversion.
Beginning inventory had $192,465 of direct materials and $159,635 of conversion cost.
The direct material cost added in November is $1,288,035 and the conversion cost added is $3,033,065.
Beginning work in process consisted of 74,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion.
Of the units completed, 74,000 were from beginning work in process and 726,000 units were started and completed during the period.
Required:1. Determine the equivalent units of production with respect to direct labor and direct materials.2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round "Cost per EUP" to 2 decimal places.)3. Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods in process inventory. (Round "Cost per EUP" to 2 decimal places.)

Answers

Answer:

1. Direct Materials = 987,000 units , Direct Labor = 912,200 units

2.Direct Materials = $1.50 , Direct Labor = $3.50

3.

Units Completed and Transferred Costs

Direct Materials = $ 1,200,000

Direct Labor =  $ 2,800,000

Ending goods in process inventory cost

Direct Materials = $ 280,500

Direct Labor = $ 392,700

Explanation:

First step is to determine the equivalent units of production with respect to direct labor and direct materials

Direct Materials

Note : Materials are added at beginning of the process hence, they are 100 % complete for both units categories

Units Completed and Transferred (800,000 × 100%) =  800,000

Units of Ending Work In Process (187,000 × 100%)     =   187,000

Equivalent units of production                                      =   987,000

Direct Labor

Note : Conversion costs are added evenly throughout the process, hence we need to establish units to the extent of work done.

Units Completed and Transferred (800,000 × 100%) =  800,000

Units of Ending Work In Process (187,000 × 60%)     =      112,200

Equivalent units of production                                      =    912,200

The next step is to Calculate the Total Cost of Production with respect to direct labor and direct materials incurred during the period.

Direct Materials

Cost in Opening Work In Process =    $192,465

Cost added during the period       = $1,288,035

Total Costs                                      = $1,480,500

Conversion

Cost in Opening Work In Process =     $159,635

Cost added during the period       = $3,033,065

Total Costs                                      =  $3,192,700

Then use the above data to calculate the cost per equivalent unit for direct labor and direct materials.

Cost per equivalent unit. = Total Cost / Total Equivalent units

Direct Materials = $1,480,500 / 987,000 = $1.50

Direct Labor = $3,192,700 / 912,200 = $3.50

CONCLUSION :

Units Completed and Transferred Costs

Direct Materials = (800,000 ×  $1.50) = $ 1,200,000

Direct Labor = (800,000 ×  $3.50) = $ 2,800,000

Ending goods in process inventory cost

Direct Materials = (187,000 ×  $1.50) = $ 280,500

Direct Labor = (112,200 ×  $3.50) = $ 392,700

Time Remaining 39 minutes 48 seconds00:39:48 eBookItem 1Item 1 Time Remaining 39 minutes 48 seconds00:39:48 A private, not-for-profit hospital received contributions of $50,000 from donors on June 15, 20X9. The donors stipulated that their contributions be used to purchase equipment for the hospital. As of June 30, 20X9, the end of the hospital's fiscal year, $12,000 of the contributions had been spent on equipment acquisitions. In the hospital's general fund, what account would be credited to recognize the release of the restrictions on the temporarily restricted contributions used to acquire equipment

Answers

Answer: Net Assets Released from Equipment Acquisition Restriction.

Explanation:

When the stipulations by a donor have been satisfied, the assets involved can be removed from being restricted to now being unrestricted. The account credited to recognize this is known as the Net assets released from *asset name* acquisition restriction.

In the above case, the company purchased some equipment with the money they were donated which means that the equipment had satisfied the stipulation for which they were donated funds for. The Net Assets Released from Equipment Acquisition Restriction thus needs to be credited.

There are 100 used laptop g for sale on the market. 40% of them are in good condition, and the rest of them are broken, which is the common knowledge to the owners and the buyers. Owners of broken laptops are willing to sell them for $300. Owners of good used laptops are willing to sell them if the price is above $1600 but will keep them if the price is lower than $1600. There is a large number of potential buyers who are willing to pay $2000 for a good laptop and $600 for a broken laptop. Buyers can't tell good laptops from bad, but original owners know. In equilibrium, what could be the maximum price set for a broken laptop to be sold

Answers

Answer:

In equilibrium the maximum price set for a broken laptop to be sold is $600

Explanation:

According to the given data we have the following:

It is given that 40% laptops are in good condition. This implies that 60% are in bad condition.

In ordert to calculate the maximum price set for a broken laptop to be sold we would have to calculate the expected price that the buyers will be willing to pay for a  laptop as follows:

Expected price=0.60($2000)+0.40($600)

Expected price=$1,200+$240

Expected price=$1,440

As the owners of good laptops are willing to sell their laptops for $1,800, whis is more that $1,440, they will not sell their products.

This implies that only bad laptops are sold in the market. The willingless to pay for the bad laptops is $600

Therefore, In equilibrium the maximum price set for a broken laptop to be sold is $600

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: The reporting statement of revenue and expense data is shown. A table with three columns is shown. There is no heading in the first column; the second column heading in the current year; the third column heading is the previous year. The headings, Current Year and Previous Year, are set in bold. The first line (below the heading) shows Sales is $ 4,000,000 and $ 3,600,000; the second line shows Cost of goods sold is 2,280,000 and 1,872,000; the third line shows Selling expenses is 600,000 and 648,000; the fourth line shows Administrative expenses is 520,000 and 360,000;the fifth line shows Income tax expense is 240,000 and 216,000. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage. Answer Check Figure: Current year net income: $360,000; 9% of sales Pencil Comment on the significant changes disclosed by the comparative income statement.

Answers

Answer:

Innovation Quarter Inc.

Income Statement

For the Years Ended

                                         Current Year ($)            Previous Year  ($)

Sales                            4,000,000 100% 3,600,000 100%

Cost of goods sold    2,280,000 57%          1,872,000 52%

Gross profit                    1,720,000 43%          1,728,000 48%

Expenses:    

Selling expenses             600,000 15%    648,000 18%

Administrative expenses   520,000 13%    360,000 10%

Total expenses             1,120,000 28%           1,008,000 28%

Income from operations    600,000 15%            720,000 20%

Income tax expense     240,000 6%            216,000 6%

Net income                      360,000 9%            504,000 14%

Explanation:

                                            Current Year              Previous Year

Sales                                  $ 4,000,000               $ 3,600,000

Cost of goods sold             $ 2,280,000                $ 1,872,000

Selling expenses                $ 600,000                    $ 648,000

Administrative expenses    $ 520,000                    $ 360,000

Income tax expense            $ 240,000                    $ 216,000

On January 1 of the current year, Jimmy's Sandwich Company, Inc. reported stockholders' equity totaling $122,500. During the current year, total revenues were $96,000 while total expenses were $85,500. Also, during the current year the business paid $20,000 to the stockholders. No other changes in equity occurred during the year. If, on December 31 of the current year, total assets are $196,000, the change in stockholders' equity during the year was:

Answers

Answer:

The multiple choices are:

A decrease of $9,500.

An increase of $9,500.

An increase of $30,500.

A decrease of $30,500.

An increase of 73,500.

The correct option is  a decrease of $9,500

Explanation:

The changes in stockholders' equity is in the form of the difference between inflow to stockholders and outflow to stockholders.

Inflow to stockholders is the earnings attributable to them in form of net income while outflow is the dividends paid to them.

net income=revenues-expenses=$96,000-$85,500=$10,500

Dividends were paid to the tune of $20,000

change in stockholders' equity=$10,500-$20,000=-$9,500

In essence ,the opening balance of stockholders' equity went down by $9,500 since the net income generated of $10,500 was not enough to fund dividend payment

Answer:

Explanation:a

NEED HELP ASAP
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May 24 103.4690 103.5418 +.3093 6.119 5.524 May 29 104.5030 104.6487 +.4365 ?? 6.193 May 39 ?? ?? +.5483 4.151 In the above table, find the Treasury bond that matures in May 2029. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

4.93%

Explanation:

For computing the yield to maturity we need to apply the RATE formula i.e to be shown in the attachment below:

Provided that,  

Present value = $1,046.487

Future value or Face value = $1,000  

PMT = 1,000 × 5.524% ÷ 2 = $27.62

NPER = 10 years × 2 = 20 years

The 10 years is come from

= May 2029 - May 2019

= 10 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula,

The yield to maturity is

= 2.46% × 2

= 4.93%

Option A costs an initial $2 billion and will involve variable costs (labor and material) of $5 per bottle of spirits. Option B costs an initial $4 billion and will involve variable costs (labor and material) of $3 per bottle of spirits. Assuming an annual capital charge equal to 10 percent of the initial costs, what is the average fixed cost at production level of 20,000,000 bottles per year for the Option B facility

Answers

Answer: 20

Explanation:

Total cost of Option B = 4 billion

Total fixed cost = 10% of 4 billion

= 10/100 × 4,000,000,000

= 0.1 × 4,000,000,000

= 400,000,000

The average fixed cost is the total cost divided by the total number of output that is given. In this case, this can be calculated as:

= 400,000,000/20,000,000

= 20

The average fixed cost at production level of 20,000,000 bottles per year for the Option B facility will be 20.

A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.
1. True
2. False
Land held for speculation is reported in the long-term investment section of the balance sheet.
1. True
2. False
Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows
1. True
2. False
Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis. 1. True
2. False

Answers

Answer:

1. True.

2. True.

3. True.

4. True.

Explanation:

1. True: A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.

2. True: Land held for speculation is reported in the long-term investment section of the balance sheet because they are fixed assets.

3. True: Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows.

4. True: Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis.

On January 1, 20x1, the ABC Corporation purchased 80% of the XYZ Company's voting stock for $3,000,000. The FMV of all of XYZ's stock was $4,025,000, and XYZ's net assets had a book value of $2,850,000; the fair values of XYZ's assets are equal to their book values, with the exception of land, which is $625,000 greater than its book value. Assuming that ABC Corporation used the acquisition method to prepare its consolidated balance sheet, how much goodwill was reported on the January 1, 20X1 consolidated balance sheet assuming that the "full goodwill" method is used?

Answers

Answer: $440000

Explanation:

Fair market value = $4025000

Book value of asset = $2,850,000

Land value = $625,000

The value of the goodwill will be

(Fair market value - book of asset - land value) × 80%

= ($4,025,000 - $2,850,000 - $625,000) × 80%

= 550000 × 80%

= 550000 × 0.8

= $440,000

company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's cost of preferred stock? Note: when flotation costs are given as a percentage instead of in dollar terms, the denominator in the formula changes from (P-F) to P*(1-F). Hint: remember that for preferred stock the growth rate of the dividend is zero.

Answers

Answer:

The firm's cost of preferred stock is  9.10%

Explanation:

The cost of preferred stock with the flotation of 5% would be the dividend payable by the preferred stock divided by the adjusted current market price(adjusted for flotation cost)

The dividend per year is $8

The adjusted price of the stock=$92.50*(1-f)

where f is the flotation cost in percentage terms i.e 5%

adjusted price of the stock is =$92.50*(1-5%)=$ 87.88  

Cost of preferred stock=$8/$87.88*100  = 9.10%

How is each of the following likely to be affected by a recession:

a. the natural unemployment rate.
b. the cyclical unemployment rate.
c. the inflation rate.
d. the poll ratings of the president

Answers

The answer is A , because the natural unemployment rate

Each of the following likely to be affected by a recession is the cyclical unemployment rate. The correct option is b.

What is a recession?

The term "recession" is used in economics to describe the economic downturn brought on by a reduction in supply or demand. The production, employment, and income of domestic economies generally diminish, which in turn results in additional drops in demand and investment, lengthening the recessive process.

Because of this, when demand or production falls, the recession tends to last longer, deepen, and speed up, signaling that the affected nation's domestic economy will be in decline.

A recession is a time in the economy when growth is generally slow, yet inflation is also high. It is crucial that market forces operate independently, without interference from the government, in order to prevent a recession.

Therefore, the correct option is b. the cyclical unemployment rate.

To learn more about the recession, refer to the link:

https://brainly.com/question/17001440

#SPJ5

The residents of Alaska and people throughout the world were outraged when the Exxon Valdez crashed into a shoal and dumped millions of gallons of crude oil into the pristine waters of Prince William Sound. People were upset with Exxon's response to the disaster. The company was slow to admit its mistake and even slower to implement cleanup activities. Exxon was criticized for acting in a manner that would benefit the organization but not society. In short, Exxon did not demonstrate:___________.
1. Social responsibility
2. Value conciousness
3. Gray marketing
4. Profit responsibility
5. Transactional marketing

Answers

Answer:

1. Social responsibility.

Explanation:

Social responsibility is an ethical principle or business practice that supports, that individuals or business entities are required to fulfil civic duties, such as welfare, charity, etc. for the benefit of the society at large.

Simply stated, it incorporates sustainable societal development into business models. A company's social responsibility involves the process of creating a balance between economic growth, societal welfare and largely it's environment.

In this scenario, Exxon was slow to own up to it's error and even slower in implementing cleanup activities of the pristine waters of Prince William Sound. Sequel to this, it was criticized by the residents of Alaska and others around the world for acting in a manner that would benefit the organization but not society.

Hence, Exxon did not demonstrate social responsibility.

Identify a true statement about the per-unit expenditure method of determining advertising budget. It bases its advertising budgets on those of competitors or other members of the industry. It attempts to determine the retail price by using production costs as a base. It sets the advertising budget as a predetermined share of profits or financial resources. It involves arguing for and presenting the advertising budget on the basis of research findings.

Answers

Answer: It attempts to determine the retail price by using production costs as a base.

Explanation:

The Per-unit expenditure approach to advertising sets the retail price based on the production cost. This means that the amount to be set for advertising is based on a fixed amount that is determined by how many units of a good the company expects to sell so that the advertising is based on how much it spent in production.

Some countries have oil as a natural resource and bronze plate inc, based in illinois, is considering building a facility in one of those foreign countries since it does not have easy access to oil near its manufacturing plant. Which theory of foreign direct investment provides an explanation for this decision?
A) eclectic paradigm
B) infant industry argument
C) protectionism argument
D) product life cycle theory
E) new trade theory

Answers

Answer: A) eclectic paradigm

Explanation:

An Eclectic Paradigm is also called a OLI Framework which is an acronym that stands for Ownership, Location, Internationalization.

Companies use this theory in cost based analysis to determine if they can reduce costs by producing in house as opposed to from the market.

It is usually applied to the area of Foreign Direct Investment where companies use it to decide if it is better to invest in another country and have easier access to goods that it needs as opposed to buying it from the market. If it is shown that they stand to gain more from investing directly in another country, they will use this option.

This is the theory that Bronze Plate Inc wants to use.

Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company.

Notes payable $11,000
prepaid insurance 2500
Interest expense 500
Accounts payable 1500
Wages payable 400
Cash 10,000
Wages expense 7500
Insurance expense 1800
Common stock 10,000
Retained earnings 14,800
Services revenue 20,000

Accumulated depreciation—BuiIdings $15,000
Accounts receivable 4000
Utilities expense 1300
Interest payable 100
Unearned revenue 800
Supplies expense 200
Buildings 40,000
Dividends 3,000
Depreciation expense—BuiIdings 2,000
Supplies 800

Required:
Prepare the:

a. Income statement
b. Statement of retained earnings for the year ended December 31
c. Balance sheet at December 31. The Retained Earnings account balance was $118,800 on December 31 of the prior year.

Answers

Answer:

a. Income statement

Services revenue                                                      20,000

Unearned revenue                                                         800

Total Revenue                                                           20,800

Less Expenses :

Interest expense                                          500

Wages expense                                        7,500

Insurance expense                                    1,800

Utilities expense                                        1,300

Supplies expense                                        200

Depreciation expense—BuiIdings           2,000      (13,300)

Net Income                                                                  7,500

b. Statement of retained earnings for the year ended December 31

Retained earnings at the beginning of the year 14,800

Add Profit for the year                                            7,500

Less Dividends Paid                                             (3,000)

Retained earnings at the end of the year           19,300

c. Balance sheet at December 31.

Non - Current Assets

Buildings                                                 40,000

Accumulated depreciation—Buildings (15,000)

Total Non - Current Assets                    25,000

Current Assets

Supplies                                                       800

Accounts receivable                                4,000

Prepaid insurance                                    2,500

Cash                                                         10,000

Total Current Assets                               17,300

Total Assets                                             42,300

Equity and Liabilities

Equity

Common stock                                        10,000

Retained Earnings                                   19,300

Total Equity                                              29,300

Non - Current Liabilities

Notes payable                                          11,000

Total Non - Current Liabilities                 11,000

Current Liabilities

Accounts payable                                     1,500

Wages payable                                           400

Interest payable                                          100

Total Current Liabilities                           2,000

Total Equity and Liabilities                    42,300

Explanation:

The Profit for the year is included in the calculation of the Retained Earnings figure for the end of the year. The retained earnings figure at end of the year is part of Equity in the Balance Sheet.

(Note Income Statement Consist of Revenue Expenditures only, whilst Balance Sheet consists of Assets, Equity and Liabilities).

What is the company’s financial position? Please refer to the income statement and balance sheet for the Exceptional Service Grading Company available here. Using the learning resources provided in the Reading Assignment, perform a financial ratio analysis of the company using the following ratios: • Gross profit margin • Current ratio • Debt ratio

Answers

Answer:

Gross profit margin requires revenue and gross profit of the company.

Current ratio = 1.386 x

Debt ratio = 0.123 x

Explanation:

Gross profit margin requires revenue and gross profit of the company which is provided in the question but it can be calculated using this formula ; Total revenue / gross profit . where Gross profit = Revenue - cost of goods sold

Current ratio is calculated using the formula ; current assets/ current liabilities lets assume the left column is for the most recent year then current ratio =  4612200/3325950 = 1.386x

Debt ratio is calculated using the formula ; total debts/total assets lets assume once more that the left column is the most recent year. note; total debts = long term + current notes payable  = 454800 + 277550

therefore debt ratio = 732350 / 5957800 = 0.123x

attached is the income statement and balance sheet

Kenrick Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts equipment expense and indirect labor to three activity cost pools Processing, Supervising and Other based on resource consumption. Data to perform these allocations appear below.
Overhead costs
Equipment expense $18,000
Indirect labor $2,000
Distribution of Resource Consumption Across activity cost pools
Activity Cost Pools
Processing Supervising Other
Equipment expense 0.10 0.30 0.60
Indirect labor 0.30 0.40 0.30
In the second stage. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products as follows.
Activity
MHs (Processing) Batches (Supervising)
Product U4 5,500 600
Product C7 4,500 1,400
Total 10,000 2,000
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
Sales and Direct Cost Data:
Product U4 Product C7
Sales (total) $58,400 $31,800
Direct materials (total) $26,900 $13,900
Direct labor (total) $25,000 $11,200
What is the product margin for Product U4 under activity-based costing?
a. $3,500
b. $6,500
c. $5,180
d. $3,320

Answers

Answer:

D.) $3320

Explanation:

Product margin = (Sales - direct labor - direct materials - overhead)

$(58400 - 26900 - 25000 - 3180) = $3,320

Check attached picture for detailed explanation

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