Le Son, Inc., has current liabilities of $11,700 an accounts receivable of $15,200. The firm has total assets of $43,400 and net fixed assets of $24,800. The owners' equity has a book value of $21,000. What is the amount of the net working capital

Answers

Answer 1

Answer:

Explanation:

These terms are culled from Balance sheet and Balance sheet have two sides,  The Debit and Credit side. The debit side contain the Capital, Current Liabilities among others and The Credit side contain The Fixed asset and the Current asset

The amount of Net working capital is derived from Current asset - Current Liability

Net working capital  = Current asset - Current Liability

Where Current asset = Total asset - Net Fixed asset= 43,400-24,800 = 18,600

Where Current Liability = 11,700

Therefore, Net working capital  =  $18,600 - $11,700 = $6,900

The amount of the net working capital = $6,900


Related Questions

At the beginning of a semester, a group of five students (Marcus, Gerard, Penelope, Zendaya, and Duane) are asked to order a snack that the teacher will deliver to the students free of charge before the first class of the tenth week of the semester. The three choices are an apple, a banana, or a Snickers candy bar. The teacher collects the orders and finds that two students have ordered an apple, two students have ordered a banana, and one student has ordered a Snickers candy bar. The four students who ordered either an apple or a banana cite health consciousness as the reason for their choice. Immediately before the orders are scheduled to be delivered, the teacher informs the students that they can switch their choice and order something else from the original menu if they wish, or they can receive what they originally ordered. Which of the following scenarios is the best example of inconsistent intertemporal decision-making?A. Gerard ordered a banana and switched to an apple when prompted.
B. Duane ordered a Snickers candy bar and did not change his choice when prompted.
C. Penelope ordered an apple and switched to a banana when prompted.
D. Zendaya ordered a banana and switched to a Snickers candy bar when prompted.
E. Marcus originally ordered an apple and did not change his choice when prompted.

Answers

Answer:

THIS IS LONG

Explanation:

it is a long question

Answer:

E

Explanation:

Granger Company had January 1 inventory of $150,000 when it adopted dollar-value LIFO. During the year, purchases were $900,000 and sales were $1,500,000. December 31 inventory at year-end prices was $189,750, and the price index was 110. What is Granger Company’s gross profit?

Answers

Answer:

$624, 750

Explanation:

Purchases = 900,000

Sales = 1500000

Price index = 110%

Inventory= 189750

1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]

=1,500,000 - [($150,000 x 1.1) + $900,000] - $189,750

= 1,500,000 - (1065000 - 189750)

= 1,500,000 - 875250

=$624,750

Gross profit. = $624750

At an output level of 12,200 units, you have calculated that the degree of operating leverage is 3.20. The operating cash flow is $67,100 in this case. Ignore the effect of taxes. What will be the new degree of operating leverage for output levels of 13,200 units and 11,200 units

Answers

Answer:

For 13,200, the Operating Leverage is 3.46.

For 11,200, the Operating Leverage is 2.94.

Explanation:

The first step is to calculate the Contribution Margin per unit:

Operating Leverage = (# of units * Contribution margin per unit) / Net Operating income

Here,

Number of Units are 12,200 Units

Net Operating income $67,100

Operating Leverage is 3.2

By putting values, we have:

3.2 = (12,200 Units * Contribution margin per unit) / $67,100

(3.2 * $67,100) / 12,200 Units = Contribution margin per unit

Contribution margin per unit = $17.6 per unit

For 13,200 units:

By putting value of units and keeping other variables constant, we have:

Operating Leverage = (13,200 units x $17.60 per unit) / $67,100

Operating Leverage = 3.46

For 11,200 units:

By putting value of units and keeping other variables constant, we have:

Operating Leverage = (11,200 units * $17.60 per unit) / $67,100

Operating Leverage = 2.94

suppose dave's discount merchandise inventory account showed a balance of 8000 before the year end adjustments. The physical count of goods on hand totaled 7400. Dave uses a perpetual inventory system. To adjust the accounts, which entry would the company make

Answers

Answer:

Cost of goods sold DR 600

Merchandise inventory CR 600

Explanation:

A perpetual inventory system is a method of inventory management that is used in order to records real-time transactions of received or sold stock. In this system, based on the information provided the company would make the following entry

Cost of goods sold DR 600

Merchandise inventory CR 600

This is because there is a difference on physical goods on hand of 600, meaning that they sold that amount throughout the year. Which is made as a Cost of Goods Sold entry. The company also needs to enter the amount of goods that have been acquired by a distributor, wholesaler, or retailer from suppliers which would be the same.

Salaries for professions (such as architect or medical doctor) that require a long period of study are typically higher than those for other jobs. The reasons for this are all of the following EXCEPT __________.a. students sacrifice a good deal of present incomeb. status deserves more reward in the form of wagesc. long periods of schooling incur greater current costsd. future income is worth less than present income

Answers

Answer:

d. future income is worth less than present income

Explanation:

Remember, since we want an exception to all the possible reasons for higher salaries of those in medical and architectural profession, we carefully examine the reasons given.

However, in no way is it because those of this profession (architect, medical doctors) would earn future income worth less than their present income a basis for their higher salaries than other jobs, since most often they earn more as they the years goes by in their profession.

Discount-Mart issues $19 million in bonds on January 1, 2021. The bonds have a seven-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 17,233,953 06/30/2021 $ 950,000 $ 1,034,037 $ 84,037 17,317,990 12/31/2021 950,000 1,039,079 89,079 17,407,069 06/30/2022 950,000 1,044,424 94,424 17,501,493 12/31/2022 950,000 1,050,090 100,090 17,601,583 What is the market annual rate of interest on the bonds

Answers

Answer: 12%

Explanation:

The semi annual market rate of interest on the bonds will be the interest expense divided by the carrying value i.e issue price of bond which is then multiplied by 100%. This will be mathematically expressed as:

= 1,034,037/17,233,953 × 100

= 0.06 × 100

= 6%

This implies that the semi annual market interest rate is 6%.

Since we are told to calculate the market annual rate of interest on the bonds, we multiply the value of 6% by 2 since 12 months make a year and we used 6 months for the calculation above which is semi annual. This will be:

= 6% × 2

= 12%

Therefore, the market annual rate of interest on the bonds is 12%

Taggart Technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. The stock issue would have no effect on total assets, the interest rate Taggart pays, EBIT, or the tax rate. Which of the following is likely to occur if the company goes ahead with the stock issue?

a. The ROA will decline.
b. Taxable income will decrease.
c. The tax bill will increase.
d. Net income will decrease.
e. The times interest earned ratio will decrease.

Answers

Answer:

Option c. is correct

Explanation:

A stock is an investment that denotes an ownership share in a company. Purchasing a company’s stock means purchasing a small piece of that company that denotes a share.

In the given question, if the company goes ahead with the stock issue that would not affect total assets: the interest rate Taggart pays, EBIT, or the tax rate then the tax bill will increase.

Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2017 Estimated Overhead Expected Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $94,582 479,085 13,100 orders 61,500 machine hours 1,395,280 428,000 labor hours For 2017, the company had 11,300 orders and used 51,200 machine hours, and labor hours totaled 491,000 Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.) Overhead Rates Ordering and receiving Food processing Packaging 7.22 per order 7.79 per machine hour 3.26 per labor hour
What is the total overhead applied?
Total overhead applied $

Answers

Answer:

Total allocated overhead= $2,081,094

Explanation:

Giving the following information:

For 2017, the company had 11,300 orders and used 51,200 machine hours, and labor hours totaled 491,000

Overhead rates for each activity:

Ordering and receiving= $7.22 per order

Food processing= $7.79 per machine hour

Packaging= $3.26 per labor hour

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Ordering and receiving= 7.22*11,300= $81,586

Food processing= 7.79*51,200= $398,848

Packaging= 3.26*491,000= $1,600,660

Total overhead= $2,081,094

The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:
Net sales $10,722
Total assets 4,417
End of year balance in cash 1,104
Total stockholders' equity 503
Gross profit (Sales - Cost of Sales). 2,458
Net increase in cash for the year 19
Operating expenses 2,062
Net operating cash flow 772
Other income (expense), net (30)
a. Compute Amazon's balance in cash at the beginning of the year.b. Compute Amazon's total liabilities at the end of the year.c. Compute cost of goods sold for the year.d. Compute the income before income tax for Amazon.

Answers

Answer:

(a) Amazon's balance in cash at the beginning of the year is $1,085 million

(b) Amazon's total liabilities at the end of the year is $3,914 million

(c) Cost of goods sold for the year is $8,264 million

(d)  Income before income tax for Amazon is $366 million

Explanation:

(a) Beginning cash balance = Ending cash balance - net increase in cash for the year

= $1,104 million - $19 million

= $1,085 million

(b) Total assets = Total liabilities + Total stockholders' equity

$4,417 million = Total liabilities + $503 million

Total liabilities = ($4,417 - $503) million

= $3,914 million

(c) Cost of goods sold = net sales - gross profit

= $10,722 million - $2,458  million

= $8,264 million

(d)  Income before income tax = Gross profit - operating expenses - other expenses

= $2,458 million - $2,062 million - $30 million

= $ 366 million

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:
Fixed Element Variable Element Actual Total
per Month per Customer Served for May
Revenue $5,000 $160,000
Employee salaries and wages $50,000 $1,100 $88,000
Travel expenses $600 $19,000
Other expenses $36,000 $34,500
When preparing its planning budget, the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.
Required:
1. What amount of revenue would be included in Adger's flexible budget for May?
2. What amount of employee salaries and wages would be included in Adger's flexible budget for May?
3. What amount of travel expenses would be included in Adger's flexible budget for May?
4. What amount of other expenses would be included in Adger's flexible budget for May?
5. What net operating income would appear in Adger's flexible budget for May?

Answers

Answer:

1. Total Revenue in May $ 175,000

2. Total Salaries & wages For May  $ 88500

3. Total Travel Expenses for May $21,000

4. Other Expense  $ 36,000

5.  Operating Income $ 65,500

Explanation:

Given

Adger Corporation

                     Fixed Element        Variable Element           Actual Total

                      per Month                per Customer            Served for May

Revenue                                            $5,000                        $160,000

Employee Salaries

& wages           $50,000                   $1,100                           $88,000

Travel expenses                                 $600                           $19,000

Other expenses $36,000                                                      $34,500

There were 35 customers.

Revenue = $5000 per customer

We can easily calculate as we have been given the number of  customers and the variable element of expense per customer.

1. Total Revenue in May = 5000 * 35= $ 175,000

Variable Salaries & wages = $ 1100 per customer

Total Variable Salaries & wages = $ 1100 *35= $ 38500

2. Total Salaries & wages For May = Variable + Fixed

                                                     = $ 38500 + $50,000= $ 88500

Travel expenses = $600per customer

3. Total Travel Expenses for May = $ 600 *35=   $21,000

4. Other Expense = Fixed Expenses = $ 36,000 ( there are no variable expenses)

5.  Operating Income= Revenue - Employee Salaries - Travel Expenses

                            = $ 175,000- $ 88500 - $ 21,000= $ 65,500

Other expenses are included in the net income statement not operating income statement.

A company is considering two projects. Project A Project B Initial investment $300,000 $300,000 Cash inflow Year 1 $60,000 $90,000 Cash inflow Year 2 $60,000 $80,000 Cash inflow Year 3 $60,000 $80,000 Cash inflow Year 4 $60,000 $50,000 Cash inflow Year 5 $60,000 $70,000 What is the payback period for Project B

Answers

Answer:

Payback Period = 3 years

Explanation:

Years    Cash flow(Out flow)     Net cash flow       Cumulative cash flow

0             -300,000                               -                              -300,000

1               90,000                           90,000                          -210,000

2              80,000                           80,000                          -130,000

3              80,000                           80,000                           -50,000

4              50,000                           50,000                               0

5              70,000                           70,000                            70,000

Payback Period = 3 years

It means it will take 3 years of period to payback the project B Initial investment of $300,000

At the time a $450 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of $100. The vouchers include: postage, $90; business lunches, $135; delivery fees, $80; and office supplies, $45. Which of the following is not recorded when recognizing expenditures from the petty cash fund?a. Debit petty cash, $350b. Debit supplies, $45c. Debit postage expense, $90d. Credit petty cash, $350

Answers

Answer:

The entry that should not be recorded is debit petty cash, $300 . Option A.

Explanation:

Vouchers recorded for expenses:

Postage

Business lunches

Delivery fees

Office supplies

The journal entry when recognizing expenditures from the petty cash fund should be as under:

Accounts :                                       Credit                 Debit

Postage                                             $ 90

Business lunches                             $ 135

Delivery fees                                    $ 80

Office supplies                                 $ 45

Petty Cash                                                                   $350                            

The entry that should not be recorded is debit petty cash, $300

XtraTorque Inc. is a leading engine oil manufacturer in the United States. The company manufactures oil that can withstand a broader range of temperature than any other engine oil brands available in the market. The company plans to expand its business into the Russian market because its product can maintain fluidity even at low temperatures. Which of the following organizational strategies should XtraTorque Inc. adopt?
A) Diversification strategy
B) Market differentiation strategy
C) Market development strategy
D) Market penetration strategy

Answers

Answer:

C) Market development strategy

Explanation:

Market development strategy defines that it is a marketing technique in which an company tries to promote an existing product to a new customer segment.

According to the given situation the company who is the head producer of engine oil in the U.S. Here the company produces oil which can resist a wider temperature range other than any brands of engine oil which is available in the marketplace. Now, the company wants to extend their business into the new market place that is Russian market, as its product can maintain fluidity even at low temperature so this indicates that the company adopting the market development strategy.

g Real and nominal variables are highly intertwined, and changes in the money supply change real GDP. Most economists would agree that this statement accurately describes a. both the short run and the long run. b. the short run, but not the long run. c. the long run, but not the short run. d. neither the long run nor the short run.

Answers

Answer:

The correct answer is C.

Explanation:

GDP usually, is fixed in the short run. Thus, in the short-term, money supply will increase aggregate demand and prices will follow.

In the long term, however, real GDP (which is economic output that has been adjusted for price fluctuations), an increase in the money supply will create an increase in the GDP due to aggregate demand.

The US economy, for example, displays a strong positive correlation between the amount of money supplied and it's GDP growth between 1994 and 2009.

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A 22-year old, unmarried, new customer contacts you, explaining that he just inherited $10,000,000 and wishes to invest the money aggressively to produce superior returns. He is risk-tolerant and understands the use of leverage and shorting as ways of enhancing returns. For this client, the best recommendation would be a: A hedge fund B fund of hedge funds C growth fund D value fund

Answers

Answer:

B fund of hedge funds

Explanation:

The motive of the investor is to maximizing the return and minimizing the risk

The hedge fund refers to that fund in which the portfolio of investment is protected from the uncertainty of the market and at the same time it also generates the positive return when the market is at recession or in boom period

While on the other hand, the fund of the hedge fund is a portfolio or mix of hedge funds shares in which it is applied to any type of investment fund

According to the given situation, the new customers invest his money to generate high returns moreover he is also risk tolerant and finds the number of ways for enhancing the returns so for this situation, the best option fit is option B.

Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $17,000 and will only be purchased if the costs are covered. The city is asking for households to help cover the cost of the statue, but households are not forced to contribute.

Required:
a. If households are asked to contribute $5 each to help cover the cost of the statue, how many households will need to contribute?
b. If the population of Artville is 4,000 households, of which 3,000 households are expected to free ride, will the city be able to afford the statue if it charges each household $14?

Answers

Answer: a. $3,400 households

b. No.

Explanation:

a. The cost of the statue is $17,000 and each household is asked to contribute $5 to help cover the cost. To find out how many families one can divide the amount needed by the amount asked of the households,

= 17,000/5

= 3,400 households

If 3,400 households each pay $5 then the town of Artville will be able to afford the statue.

b. This question speaks to a social problem referred to a the Free-rider problem. This is when people in society benefit from something without contributing fairly towards the benefit they are accruing from the thing. 3,000 households out of 4,000 are expected to be free-riders. This means that only 1,000 will cover the cost of the statue.

If those 1,000 households pay the $14 required, the town would only raise,

= 1,000 * 14

=$14,000

$14,000 is less than the cost of the statue which is $17,000 and so the town of Artville will have to do without a statue as they simply cannot afford one.

A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public parks. The landscaping company will need to buy some new machinery before they can take on the contract. If the cost of capital is 6%, what is the most that this equipment could cost if the contract is to be worthwhile for the landscaping company

Answers

Answer:

The equipment should not cost more than  $6,318,545.68  

Explanation:

The most that the land scrapping equipment could cost is the present of the 1.5  million annuity discounted at 6% p.a.

Present Value of Annuity = A × ( 1- (1+r)^(-n))/r

A- 1,500,000, n- 5, r- 6%

=1, 500,000 × ((1.06)^(-5))/0.06

= $6,318,545.68  

The equipment should not cost more than  $6,318,545.68  

g Used clothing of taxpayer and his family (all acquired more than a year ago) $1,350 $ 375 Stock in ABC, Inc., held as an investment for 15 months 12,000 10,875 Stock in MNO, Inc., held as an investment for 11 months 15,000 18,000 Real estate held as an investment for two years 15,000 30,000 The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is

Answers

Answer:

$56,250.

Explanation:

So, we are given the following data or parameters or information which we will use to solve this particular problem or Question;

=>" Used clothing of taxpayer and his family (all acquired more than a year ago) = $1,350 for Basis and Fair market value = $ 375 "

=> "Stock in ABC, Inc., held as an investment for 15 months 12,000 for Basis and 10,875 for fair market value."

=>" Stock in MNO, Inc., held as an investment for 11 months 15,000 for Basis and 18,000 for fair market value. "

=> "Real estate held as an investment for two years 15,000 for basis and 30,000 for fair market value."

Zeke's charitable contribution deduction for the year can be calculated by adding the the fair markets values of :

Used clothing of taxpayer and his family (all acquired more than a year ago) + Stock in ABC, Inc., held as an investment for 15 months + Real estate held as an investment for two years

Then, the result gotten will be added to the Basis value for Stock in MNO, Inc., held as an investment for 11 months. Thus;

$ 375 + 10,875 + 30,000 = 41,250.

41,250 + 15,000 = $56,250.

Oriole Company has the following items: common stock, $1610000; treasury stock, $217000; deferred income taxes, $254000 and retained earnings, $782000. What total amount should Oriole Company report as stockholders’ equity?

Answers

Answer:

Stockholders' equity = $ 2,175,000.

Explanation:

Stockholders' equity is also the corporation's total book value. In other word, it is the amount of difference between the Corporation Asset and its liability

Stockholders' equity for Oriole company can be derived using : Common stock + Retained earnings - Treasury stock

Stockholders' equity = 1,610,000 + 782,000 - 217,000

Stockholders' equity = $ 2,175,000.

We also need to know that deferred income taxes is not a component of stockholders' equity thus it will not be considered in stockholders' equity calculation.

Correct answer is $ 21,75,000.

Linguini Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $841,000. Its inventory as of December 31, 2018, was $874,000 at year-end costs and the cost index was 1.15. What was DVL inventory on December 31, 2018

Answers

Answer:

760,000

Explanation:

First find ending inventory at base pricing:

$874,000/1.15 = 760,000

Calculate real dollar increase/decrease in quantity

760,000-841,000 = -81,000

Since it is a decrease in quantity, you use prior period cost index. Prior period is the base year so you just use 1.0 which means that -81,000 stays the same

so now it is 841,000-81,000=760,000

The dollar-value LIFO (DVL)  inventory on December 31, 2018 will be 760,000.

What is dollar-value LIFO (DVL)  inventory?

The latest in, first out cost layering principle is a version on which the dollar-value LIFO method is based. In essence, the technology aggregates cost data for huge quantities of inventory, eliminating the need to create unique cost layers for each inventory item. Instead, pools of inventory goods are organized into layers.

Find ending stock at base prices first:

$874,000/1.15 = 760,000

Determine the actual dollar gain or decrease in the amount.

760,000-841,000 = -81,000

Using the preceding period cost index is appropriate because the quantity has decreased. Since the prior period is the base year, you only need to utilize 1.0, so that -81,000 remains the same.

Consequently, it is now 841,000-81,000=760,000.

To learn more about dollar-value LIFO (DVL)  inventory

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Suppose a stock had an initial price of $92 per share, paid a dividend of $2.30 per share during the year, and had an ending share price of $75.50. a. Compute the percentage total return. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the dividend yield

Answers

Answer:

(a) Percentage return = -$14.20 ÷ $92 = -15.43%

(b) Dividend Yield = $2.30 ÷ $92 = 2.50%

Explanation:

Initial price per share= $92.00

Ending share price = $75.50

Capital loss = $75.50 - $92.00  = -$16.50

Dividend = $2.30

Net return = -$16.50 + $2.30 = -$14.20

(a) Percentage return = (-$14.20 ÷ $92) × 100% = -15.43%

(b) Dividend Yield = ($2.30 ÷ $92) × 100% = 2.50%

Speed, size, and strength are thought to be important factors in football performance. The article "Physical and Performance Characteristics of NCAA Division I Football Players" (Research Quarterly for Exercise and Sport [1990]: 395–401) reported on physical characteristics of Division I starting football players in the 1988 football season. Information for teams ranked in the top 20 was easily obtained, and it was reported that the mean weight of starters on top-20 teams was 105 kg. A random sample of 33 starting players (various positions were represented) from Division I teams that were not ranked in the top 20 resulted in a sample mean weight of 103.3 kg and a sample standard deviation of 16.3 kg. Is there sufficient evidence to conclude that the mean weight for non-top-20 starters is less than 105, the known value for top-20 teams?

Answers

Answer:

no

Explanation:

H0: mean of sample=105

Ha: mean of sampe≠ 105

t-statistic= (population mean-sample mean)/(standard deviation/√sample size)

t-statistic= (105-103.3)/(16.3/√33)

t-statistic= 0.5991

degress of freedom= 32

for alpha 0.05, p-value from t-distributino table is 1.697

since t-statistic is less than the p-value, null hypothesis is accepted.

There is no sufficient evidence to conclude that the mean weight for non-top-20 starters is less than 105 the known value for top-20 teams

Cash dividend payments were $25,000. Long-term investments were sold for $79,000 cash. A building costing $198,000 was purchased using $19,800 cash, and the balance was financed with a mortgage note payable. Stock was issued to stockholders in exchange for $110,000 cash. A $44,000 loan was made to a local inventory supplier; the loan will be repaid in twelve months. Equipment used in operations was sold for $37,000. Repaid a long-term note payable for $92,000 cash. Cash received from short-term bank loans totaled $71,000. Determine Smith’s cash flows from investing activities.

Answers

Answer:

$4,200

Explanation:

Data provided in the question:

Cash dividend payments = $25,000.

Cash from selling of Long-term investments = $79,000.

Cash used for purchasing a building costing $198,000 = $19,800

Sale of equipment = $37,000

Long term note payable = $92,000 cash

Now,

The net cash from investing activities will be

= sale of long term investments - purchase of building + sale of equipment  - purchase of investments

= $79,000  - $19,800 + $37,000 - $92000

= $4,200.

Also assume that a U.S. exporter denominates its Swiss exports in Swiss francs and expects to receive SF250,000 in 1 year. Using the information above, what will be the approximate value of these exports in 1 year in U.S. dollars given that the firm executes a forward hedge

Answers

Answer:

The question is missing some key features such the relevant forward rates which are found in the attached complete question:

The correct  option is D,$ 255,750.00  

Explanation:

The forward rate agreement stipulate that one Swiss Franc would be exchanged for $1.0230 in one year's time,if the forward rate  agreement is settled for the value of SF 250,000 worth of export in a  year' s time is calculated as below:

value of SF 250,000=250,000*$1.0230=$255,750.00  

As a result, the correct options out of the multiple choices provided as found in the attached is option D with $ 255,750.00   as the worth of SF 250,000 using one year forward rate of $1.0230

1. Crandle Manufacturers Inc. is approached by a potential customer to fulfill a one-time-only special order for a product similar to one offered to domestic customers. The company has excess capacity. The following per unit data apply for sales to regular customers: Variable costs: Direct materials $130 Direct labor 110 Manufacturing support 125 Marketing costs 65 Fixed costs: Manufacturing support 175 Marketing costs 85 Total costs 690 Markup (50%) 345 Targeted selling price $1,035 What is the full cost of the product per unit

Answers

Answer:

Full cost per unit = $690

Explanation:

The full cost of a product is the sum of its variable cost per unit and its fixed cost per unit. Costing a product at its full cost ensures that all costs are recovered both variable cost and fixed cost

The full cost for Crandle's product would be:

                                                         $

Material                                        130

Labour                                        110

Manufacturing                       125

Market                                        65

Variable cost                           430

Fixed cost

Manufacturing                      175

Marketing                                     85

Full cost per unit                         690

Full cost per unit = $690

A 5-year corporate bond yields 10.70%. A 5-year municipal bond of equal risk yields 6.50%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.)

Answers

Answer:

The multiple choices are as follows:

a.

25.40%

b.

29.03%

c.

39.25%

d.

33.98%

e.

27.38%

The correct option is C,39.25% federal tax rate

Explanation:

In determining the federal tax that one would be indifferent in choosing between the two bonds, we equate the yield of the two bonds as follows with tax element being deducted from corporate bond yield:

6.50%=10.70%*(1-t)

The t is the tax rate which is the unknown

divide both sides by 10.70%

6.50%/10.70%=1-t

0.607476636 =1-t

t=1-0.607476636

t=0.392523364 =39.25%

Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of standard direct labor-hours. Variable manufacturing overhead should be $5.80 per standard direct labor-hour and fixed manufacturing overhead should be $3,087,000 per year.
The company’s product requires 4 pounds of material that has a standard cost of $12.50 per pound and 1.5 hours of direct labor time that has a standard rate of $13.90 per hour.The company planned to operate at a denominator activity level of 315,000 direct labor-hours and to produce 210,000 units of product during the most recent year. Actual activity and costs for the year were as follows:
Number of units produced 252,000
Actual direct labor-hours worked 409,500
Actual variable manufacturing overhead cost incurred $ 1,351,350
Actual fixed manufacturing overhead cost incurred $ 3,276,000
Required:
1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements.(Round your answers to 2 decimal places.)
Predetermined Overhead Rate = $15.60 per DLH
Variable Rate = $5.80 per DLH
FIxed Rate = $9.80 per DLH
3a. Compute the standard direct labor-hours allowed for the year’s production.
3b. Complete the following Manufacturing Overhead T-account for the year:
4. Determine the reason for the underapplied or overapplied overhead from (3) above by computing the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Answers

Answer:

1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements.

total standard overhead rate = $15.60standard variable overhead rate = $5.80standard fixed overhead rate = $9.80

3a. Compute the standard direct labor-hours allowed for the year’s production.

1.5 direct labor hours x 252,000 units = 378,000 hours

3b. Complete the following Manufacturing Overhead T-account for the year:

                                    Manufacturing overhead

Debit                                                       Credit

Actual variable cost $1,351,350            Applied variable cost $2,192,400

Actual fixed costs $3,276,000              Applied fixed costs $3,704,400

                                                                $1,269,450

Adjustment for over applied

overhead expense $1,269,450                                                                  

0                                                              0

4. Determine the reason for the underapplied or overapplied overhead from (3)

two different factors affected the overhead costs:

Actual labor hours were higher than budgeted, since 378,000 should have been used to produce the 252,000 units, but 409,500 were used instead. That results in an unfavorable variance of 31,500 labor hours (8.3% variance). Even though labor hour variance was unfavorable, the actual overhead costs incurred were much lower than expected. The favorable variance regarding overhead costs was much larger than the unfavorable variance in labor hours. The actual total overhead per labor hour = $11.30 vs. $15.60 (standard), which represents a 27.6% favorable variance.

Explanation:

variable overhead $5.80 per direct labor hour

fixed overhead $3,087,000

each unit requires:

4 pounds of materials at standard cost of $12.50 per pound

1.5 direct labor hours at standard rate of $13.90 per hour

fixed overhead per direct labor hour = $9.80

total budgeted production 210,000 units

total budgeted direct labor hours 315,000

actual units produced 252,000

actual direct labor hours 409,500

actual variable manufacturing $1,351,350

actual fixed manufacturing $3,276,000

applied variable cost = $5.80 x 378,000 labor hours = $2,192,400

applied fixed costs = $9.80 x 378,000 labor hours = $3,704,400

Using the table below, select "X" in the column that corresponds to the type of activity level referred to in each scenario.
Unit Batch Product Customer Organizational
A. Setting up a machine for a production run of 500 units.
B. Conducting a seminar for local doctors on the benefits of a new drug.
C. Embossing a company logo on every product made.
D. Seating a party of 11 at a restaurant.
E. Providing technical support for two years following a sale.
F. Managing a corporation's accounting department.
G. Attaching a price tag to each product.
H. Issuing an invoice.
I. Developing a corporate advertising campaign.
J. Recalling a defective product.

Answers

Answer: Please refer to Explanation

Explanation:



The question seeks to find out the activity level of the above mentioned activities.

There are various activities in an organization and as such they need to be categorized. The various categories include Unit, Batch, Product, Customer, and Organizational.

Unit Activities refer to activities done on a unit level. A singular product level. They include things like putting a logo on a bottle or deriving a single person at a restaurant.

Batch Activities refer to activities done when Units are grouped together and form a batch. Activities done to that batch fall under here.

Product Level Activities refer to those done on a product wide scale. That means that when the entire product is affected, it falls under here. Examples include Product Advertising or Recall.

Customer Level Activities refer to those that an organization engages in for those entities that patronize them. Such activities are very important because the customer is the most important aspect of the business.

Then there are the Organizational level Activities. As the name implies, these are activities at an Organization wide level.

Classifying the above therefore,

A. Setting up a machine for a production run of 500 units. BATCH LEVEL ACTIVITY.

This deals with a group of units, 500 to be precise and so is a batch level activity.  

B. Conducting a seminar for local doctors on the benefits of a new drug. PRODUCT LEVEL.

This seminar will speak on the product being the drug as a whole therefore it is product level.

C. Embossing a company logo on every product made. UNIT LEVEL.

This involves an individual unit at a time and so is at Unit Level.

D. Seating a party of 11 at a restaurant. BATCH LEVEL.

The 11 people to be served are individual units that have now been grouped together into one batch so is a Batch Level Activity.

E. Providing technical support for two years following a sale. CUSTOMER LEVEL ACTIVITY.

This is about providing help to the company's customers so it falls under Customer Level Activities.

F. Managing a corporation's accounting department. ORGANIZATIONAL LEVEL ACTIVITY.

This involves the Corporation's entire accounting department and so is Organizational level.

G. Attaching a price tag to each product. UNIT LEVEL.  

Attaching prices will be done to each individual unit and so it a Unit level activity.

H. Issuing an invoice. CUSTOMER LEVEL ACTIVITY.

Issuing an invoice is done when a sale is complete. Sales are done to customers so this is a customer Level Activity.

I. Developing a corporate advertising campaign. ORGANIZATIONAL LEVEL ACTIVITY.

This is has to do with advertising the company as a whole and so is an Organizational level Activity.

J. Recalling a defective product. PRODUCT LEVEL ACTIVITY.

By recalling an entire product, this Activity falls under the Product Level because it deals with the product as a whole. For example, Toyota recalling all cars of a certain model for safety reasons.

esterday, Berryman Investments was selling for $50 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today? Select the correct answer. a. $15.59 b. $12.99 c. $14.29 d. $16.89 e. $11.69

Answers

Answer:

The correct option is C, $14.29  

Explanation:

A 7-2 stock split means that 7 shares now have the value of 2 shares held previously.

This simply means that a stockholder who had 2 shares before the stock split now has 7 shares.

The price of the share after the stock split the value of 2 shares before stock split divided by 7 shares i.e   ($50*2)/7=$ 14.29  

The correct option from the multiple choices is $ 14.29  

Employees at Diving Swallow Custom Tattoo in Oakland, California, practice an age-old art. They may use electric equipment today, but their business still involves crafting a design and inking it into skin, as all tattoo artists have done for generations. Fortunately, there are no shortages of ink, artists, or clients for the Diving Swallow.At Diving Swallow, the environment is____________(stable or dynamic) because of the __________(number of factors that are changing or pace of change) and ___________(complex or simple) because of the____________(pace of change or number of factors that are changing). Resources are________(scarce or abundant).The managers at Diving Swallow are facing conditions of _______(low or high) uncertainty. This means that it will be__________(difficult or easy) for them to make strategic decisions about the types of products the company will offer in the future.

Answers

Answer:

1. Dynamic

2. Number of factors that are changing

3. Complex

4. Pace of change

5. Abundant

6. Low

7. Easy

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