Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 157,000 Fixed manufacturing overhead cost $ 650,000 Variable manufacturing overhead cost per machine-hour $ 4.40 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials $ 320 Direct labor cost $ 230 Machine-hours used 37 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 50 units, what is the unit product cost for this job

Answers

Answer 1

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated machine-hours= 157,000

Estimated fixed manufacturing overhead= $650,000

Variable manufacturing overhead cost per machine-hour $4.40

First, we need to calculate the predetermined overehad rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (650,000/157,000) + 4.4

Predetermined manufacturing overhead rate= $8.54 per machine-hour

Job 400:

Direct materials $320

Direct labor cost $230

Machine-hours used 37

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

Allocated overhead= 8.54*37= $315.98

Finally, we need to determine the unitary cost for Job 400:

Total cost= 320 + 230 + 315.98= $865.98

Unitary cost= 865.98/50= $17.32


Related Questions

Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 15,000 cases of sauce each year but is currently only manufacturing and selling 14,000. The following costs relate to annual operations at 14,000 cases: Total Cost Variable manufacturing cost $294,000 Fixed manufacturing cost $56,000 Variable selling and administrative cost $42,000 Fixed selling and administrative cost $38,000 Gwinnett normally sells its sauce for $45 per case. A local school district is interested in purchasing Gwinnett's excess capacity of 1,000 cases of sauce but only if they can get the sauce for $23 per case. This special order would not affect regular sales or total fixed costs or variable costs per unit. If this special order is accepted, Gwinnett's profits for the year will:

Answers

Answer:

Gwinnett's profits for the year will decrease by $1,000

Explanation:

total costs for normal 14,000 cases:

Variable manufacturing cost $294,000 / 14,000 = $21 per caseFixed manufacturing cost $56,000 Variable selling and administrative cost $42,000 Fixed selling and administrative cost $38,000total = $430,000

the incremental revenue of selling 1,000 cases to the school district = $23 x 1,000 = $23,000

the incremental costs for producing and selling 1,000 more cases:

variable manufacturing costs = $21 x 1,000 = $21,000variable S&A costs = $3 x 1,000 = $3,000total incremental costs = $24,000

incremental revenue - total incremental costs = $23,000 - $24,000 = -$1,000

Answer:

Effect on income= $1,000 decrease

Explanation:

Giving the following information:

Unitary variable costs:

Variable manufacturing cost= $294,000/14,000= $21

Variable selling and administrative= $42,000/14,000= $3

Special offer= 1,000 units for $23

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:

Effect on income= 1,000*(23 - 24)= $1,000 decrease

Vaughn Corporation has retained earnings of $706,100 at January 1, 2017. Net income during 2017 was $1,638,400, and cash dividends declared and paid during 2017 totaled $83,100. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $89,100 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)

Answers

Answer: Please see below for answer

Explanation: Retained earnings is the portion of net income accumulated in a company which can be used for future reinvestment purposes after the cumulative amount of dividends  declared have been deducted.

Solution- Using items that increase retained earnings first before any deduction

                              Vaughn Corporation

                             Retained earnings statements

                              Ended December 31st, 2017.

Retained Earnings as Reported on January 1st  $706,100

Correction for  Overstatement of expenses         $89.100

Retained earnings as adjusted =                            $795,200

(Add) Net income/loss                                           $1, 638,400

Net cash dividend (less)                                           -$83, 100

Retained Earnings in December 31st 2017           $2,350,500

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800 Accounts payable 2,600 Retained earnings 4,100 Utilities expense 1,000 Supplies 13,000 Service revenue 8,500 Common stock 5,200 Required: Use only the appropriate accounts to prepare an income statement.

Answers

Answer:

                                                  Cowboy Law Firm

                    Income statement for the period ended December

                                                                          Amount in $

Service revenue                                                   8,500

Utilities                                                                  (1,000)                                    

Salaries expense                                                 (1,300)

Net income/(loss)                                                  6,200

Explanation:

An income statement is a part of the financial statements that shows how profitable the activities of an entity was for a given period of time. It is usually stated as the income statement for a period end.

The elements of the income statement include the revenue otherwise called sales, expenses including cost of goods sold, operating expenses etc and the profit or loss as well as the other comprehensive income/loss.

Item15 0.3 points eBookPrintReferences Check my work Check My Work button is now enabledItem 15Item 15 0.3 points Corporation Q, a calendar year taxpayer, has incurred the following Section 1231 net gains and losses since its formation in 2015. 2015 2016 2017 Section 1231 gains $ 14,800 $ 5,700 0 Section 1231 losses (13,000 ) (9,000 ) $ (3,100 ) Net gain or (loss) $ 1,800 $ (3,300 ) $ (3,100 ) In 2018, Corporation Q sold only one asset and recognized a $4,000 Section 1231 gain. How much of this gain is treated as capital gain, and how much is ordinary

Answers

Answer:

$4,000 is treated as a capital gain and then reduced by the un-offset net losses in 2016 ($300) and 2017 ($100) to arrive at net capital gain of $3,600 ($4,000 - 300 - 100).   $0 of the amount is treated as an ordinary income.

Explanation:

Section 1231 gain arises when an asset (real property or depreciable business property) is sold for more than its current tax basis.  The gain is regarded as a capital gain and taxed at the lower capital gain rates and not as ordinary income.

Section 1231 property are assets used in trade or business and held by the Taxpayer for more than one year. A gain on the sale of Section 1231 business property is treated as a long-term capital gain.

nted below is information related to Viel Company at December 31, 2020, the end of its first year of operations. Sales revenue $310,000 Cost of goods sold 140,000 Selling and administrative expenses 50,000 Gain on sale of plant assets 30,000 Unrealized gain on available-for-sale debt investments 10,000 Interest expense 6,000 Loss on discontinued operations 12,000 Dividends declared and paid 5,000 Instructions Compute the following: (a) income from operations, (b) net income, (c) comprehensive income, and (d) retained earnings balance at December 31, 2020. (Ignore income tax effects.)

Answers

Answer:

Viel Company

(a) Income from operations:

Sales revenue                    $310,000

Cost of goods sold              140,000

Selling & admin. expenses  50,000

Income from operations  $120,000

(b) Net income:

Sales revenue                                 $310,000

Cost of goods sold                          -140,000

Selling & admin. expenses               -50,000

Income from operations                $120,000

Gain on sales of plant assets            30,000

Interest Expense                                 -6,000

Loss on discontinued operations     -12,000

Net Income                                     $132,000

(c) Comprehensive Income

Sales revenue                                  $310,000

Cost of goods sold                           -140,000

Selling & admin. expenses               -50,000

Income from operations                $120,000

Gain on sales of plant assets            30,000

Interest Expense                                 -6,000

Loss on discontinued operations     -12,000

Net Income                                     $132,000

Unrealized Gain on Investments      -10,000

Comprehensive Income              $122,000

(d) Retained Earnings balance at December 31, 2020:

Comprehensive Income     $122,000

less Dividends                           5,000

Retained Earnings Balance $117,000

Explanation:

a) Income from operations is the income generated from running the primary business and excludes income from other sources. For example, gains or losses from asset disposal and discontinued operations, and interest expense.

b) Net Income is the income from operations, including other sources of income, after adding or deducting non-operating gains or losses and interests.

c) Comprehensive income equals net income and unrealized income, such as unrealized gains or losses, and other non-operating gains and losses.

Cooperton Mining just announced it will cut its dividend from $4.17 to $2.56 per share and use the extra funds to expand. Prior to the​ announcement, Cooperton's dividends were expected to grow at a 3.3 % ​rate, and its share price was $50.47. With the planned expansion, Cooperton's dividends are expected to grow at a 46% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk). Is the expansion a good investment?

Answers

Answer: New share price= Price = $35.38. No, it's not a good investment

Explanation:

First, we have to calculate the cost of equity.

Price = Dividend/r - g

Dividend = $4.17 × (1 + 3.3%)

= $4.17 × (1 + 0.033)

= $4.17 × 1.033

= $4.30761

Price = Dividend/r - g

50.47 = 4.30761/r - 0.033

r - 0.033 = 4.30761/50.47

r - 0.033 = 0.08535

r = 0.08535 + 0.033

r = 0.11835

Now, we have to calculate the new price with dividend of $2.56 and g= 4.6%.

Price = Dividend/r - g

Price = 2.56/0.11835 - 0.046

Price = 2.56/0.07235

Price = $35.38

The expansion isn't a good investment because the stock price is s reduced from $50.47 to $35.38

Sink and Tap Inc. is looking at a 4-year project for making taps. Initial investment in equipment will be $754,000. Each unit will be sold for $230. Annual fixed costs, not including depreciation, will be $333,000. Variable costs per unit will be $102.40. The applicable discount rate is 12 percent, and the tax rate is 21 percent. Assume straight- line depreciation to zero and no market salvage value. Use goal seek (or any other method) to find the present value break-even point in units per year.
Select one:
a. 5340
b. 5930
c. 4848
d. 4680
e. 5200

Answers

Answer:

the present value break-even point in units per yea is 4680 units. the option (d) is correct

Explanation:

Solution

Given that:

The initial cash flow = $754,000

The project life is  = four years

Thus,

Contribution = sales - variable costs

So,

Sales = quantity * the price

Let the Quantity be Y

$230 Y - $102.40 Y

=127.60 Y

Now,

The operating income = Contribution -fixed costs

which is,

127. 60 Y- (Other depreciation or decrease + decrease)

127. 60 Y- ( $333,000 + ($754,000/4))

= 127. 60 Y- ( $333,000 + $188,500)

Thus,

127. 60 Y - $521, 500

Now,

Tax rate at 21% on operating income is =26.796 Y - 109. 515

The profit after tax = operating income - tax

(127. 60 Y - $521, 500) -(26.796 Y - 109. 515)

= 100.804 Y - 411, 985

Additional depreciation = $188, 500

The operating cash inflow per year = 100.804 Y - 411, 985 +  $188, 500

Thus,

The PVAF for 12 years , 4% = 3.037349

PV of operational cash inflow = 306.18 Y - 678, 802.02

However,

For the break even point: the initaila cash flow = The PV of functioning or operational cash inflow

So,

306.18 Y  - 678, 802.02 =$ 754,400

306.18 Y = 1, 432, 802.02

Y = 4680 Units

Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Direct Materials Conversion Units Completed and transferred out 44,000 44,000 Units in Ending Work in Process: Direct Materials (9,000 * 100%) 9,000 Conversion (9,000 * 70%) 6,300 Equivalent Units of Production 53,000 50,300 Cost per Equivalent Unit Costs of beginning work in process $43,400 $63,700 Costs incurred this period 145,100 195,100 Total costs $188,500 $258,800 Cost per equivalent unit $3.56 per EUP $5.15 per EUP The total conversion costs transferred out of the Canning Department equals:_______.a. $156,640. b. $179,068. c. $188,500.

Answers

Answer:

Material Costs Transferred Out      $ 156,640

Conversion Costs Transferred Out      $ 226355

Explanation:

Mitchell Manufacturing

Canning Department.

Equivalent Units of Production

                                                        Direct Materials    Conversion

Units Completed and transferred out 44,000               44,000

Units in Ending Work in Process:

Direct Materials (9,000 * 100%)             9,000

Conversion (9,000 * 70%)                                                      6,300

Equivalent Units of Production            53,000                   50,300

Cost per Equivalent Unit

Costs of beginning work in process $43,400                  $63,700

Costs incurred this period                 145,100                   195,100

Total costs                                        $188,500                 $258,800

Cost per equivalent unit               $3.56 per EUP         $5.15 per EUP

The total conversion costs = $ 258,800

Less Conversion Costs of Ending Inventory= ( 6300 * 5.15)= 32445

Conversion Costs Transferred Out      $ 226355

The Total Material Costs      $188,500  

Less Material Costs of Ending Inventory= ( 9000 * 3.56)= 32040

Material Costs Transferred Out      $ 156,640

It can also be solved by multiplying EUP with the Units Completed and transferred out and we will get the same results.

Material Costs Transferred Out   ( 44000*3.56)   $ 156,640

Conversion Costs Transferred Out   ( 44000*5.15)    $ 226355

In March of 2019, Thomas makes a $5,000 cash contribution to a public university. In that month, he also donates $20,000 to an organization subject to the 30 percent limitation. Thomas has adjusted gross income for 2019 of $30,000. What is the amount of Thomas's 2019 charitable contribution deduction?

Answers

Answer:

The amount of Thomas's 2019 charitable contribution deduction is $14,000

Explanation:

In order to calculate the amount of Thomas's 2019 charitable contribution deduction we would have to calculate the following:

amount of Thomas's 2019 charitable contribution deduction =Cash contribution + [30% of adjusted gross income or actual property ,whichever is lower]

amount of Thomas's 2019 charitable contribution deduction = $5,000+ [(30%* $30,000) or $20,000 ,whichever is lower]

amount of Thomas's 2019 charitable contribution deduction =$5,000 [ $9,000 or $20,000]

amount of Thomas's 2019 charitable contribution deduction= $5,000 + $9,000

amount of Thomas's 2019 charitable contribution deduction= $14,000

In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. If the equilibrium price in the market is $2500, how many cars would be sold? a. ​2 b. ​4 c. ​1 d. ​3

Answers

Answer:

2

Explanation:

When the equilibrium price in the market is $2500 so here the number of cars that should be sold is 2.

Calculation of the number of cars:

Since the equilibrium price in the market is $2500.

Also, we are capable to sell from the sellers that sells less than that price

So based on this, we can say that there are 2 sellers that satisfied the given criteria.

Hence, the option a is correct.

Learn more about equilibrium here: https://brainly.com/question/19271292

Journalise the followung transactions.
Oct. 1. Paid rent for the month, $3,600.
3. Paid advertising expense, $1,200.
5. Paid cash for supplies, $750.
6. Purchased office equipment on account, $8,000.
10. Received cash from customers on account, $14,800.
15. Paid creditors on account, $7,110.
27. Paid cash for miscellaneous expenses, $400.
30. Paid telephone bill (utility expense) for the month, $250.
31. Fees earned and billed to customers for the month, $33,100.
31. Paid electricity bill (utility expense) for the month, $1,050.
31. Withdrew cash for personal use, $2,500.

Answers

Answer:

Explanation:

S/No        Date        Transaction          Dr($)          Cr($)

1             Oct.1         Rent Expense      3,600

                                    Cash                                 3,600

2.           Oct.3        Advert. Expenses  1,200

                                    Cash                                   1,200

3.            Oct.5           Supplies              750

                                     Cash                                      750

4             Oct.6       Office equipment     8000

                                Accounts Payable                       8,000

5             Oct.10               Cash                1 4,800

                                Accounts receivable                    14,800

6              Oct.15    Accounts payable      7,110

                                      Cash                                         7,110

7.              Oct.27    Miscellaneous             400

                                        Cash                                        400

8               Oct.30    Utilities Expenses      250

                                       Cash                                          250

9               Oct 31     Accounts receivable   33,100

                                       Fees earned                             33,100

10              Oct.31          Utility Expense       1,050

                                           Cash                                        1050

11               Oct.31                Drawings           2,500

                                              Cash                                    2,500

Assume that Amazon.com has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant. Amazon has 5,600 stock options outstanding, which were granted at the beginning of 2017. The following data relate to the option grant.
Exercise price for options $38
Market price at grant date (January 1, 2017) $38
Fair value of options at grant date (January 1, 2017) $6
Service period 5 years
A. Prepare the journal entries for the first year of the stock-option plan. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
B. Prepare the journal entries for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2017
C. Now assume that the market price of Amazon stock on the grant date was $46 per share. Prepare the journal entries for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2017.

Answers

Answer:

See the journal entries and explanations below:

Explanation:

A. Prepare the journal entries for the first year of the stock-option plan.

We first calculate the Compensation Expense as follows:

Compensation Expense = (Number stock options outstanding * Fair value of options at grant date) / Service period = (5,600 * $6) / 5 = $6,720.

Note: There is no journal entry for January 1, 2017.

The journal entry for December 31, 2017 is as follows:

Date                  Details                                   Dr ($)           Cr ($)          

31 Dec. 2017    Compensation Expense        6,720

                         Paid-in Capital - Stock Options                6,720

                         To record compensation expenses for 2017.              

B. Prepare the journal entries for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2017.

We first calculate the following:

Unearned Compensation at January 1, 2017 = Number of option * Exercise price = 700 * $38 = $26,600

Common stock at January 1, 2017 = Stock par value * Number of option = $1 * 700 = $700

Compensation Expense at December 31, 2017 = January 1, 2017 Unearned Compensation / Service period = $26,600 / 5 = $5,320

The journal entries will be as follows:

Date               Details                                     Dr ($)              Cr ($)        

31 Jan. '17    Unearned Compensation       26,600

                    Common stock                                                   700

                    Paid-in Capital in excess of par                   25,900

                   To record unearned compensation on January 2017.    

01 Dec. '17   Compensation Expense            5,320

                    Unearned Compensation                                5,320

                   To record compensation expenses for 2017.                  

C. Now assume that the market price of Amazon stock on the grant date was $46 per share. Prepare the journal entries for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2017.

We first calculate the following:

Unearned Compensation at January 1, 2017 = Number of option * Exercise price = 700 * $46 = $32,200

Common stock at January 1, 2017 = Stock par value * Number of option = $1 * 700 = $700

Compensation Expense at December 31, 2017 = January 1, 2017 Unearned Compensation / Service period = $32,200 / 5 = $6,440

The journal entries will be as follows:

Date               Details                                     Dr ($)              Cr ($)        

31 Jan. '17    Unearned Compensation       32,200

                    Common stock                                                   700

                    Paid-in Capital in excess of par                    31,500

                   To record unearned compensation on January 2017.    

01 Dec. '17   Compensation Expense            6,440

                    Unearned Compensation                                6,440

                   To record compensation expenses for 2017.                  

Austin Fisher contributed land, inventory, and $32,000 cash to a partnership. The land had a book value of $59,000 and a market value of $103,000. The inventory had a book value of $70,900 and a market value of $65,900. The partnership also assumed a $42,000 note payable owed by Fisher that was used originally to purchase the land. Required: Provide the journal entry for Fisher's contribution to the partnership. If an amount box does not require an entry, leave it blank.

Answers

Answer:

Journal entry for Fisher's contribution to the partnership

Description

Cash                         $32,000 (Debit)

Land                         $103,000 (Debit)

Inventory                  $65,900 (Debit)

Payable on Note      $42,000 (Credit)

Capital                      $158,900 (Credit)

NB: Capital= ($32,000 + $103,000 + $65,900 - $42,000) = $158,900

(1) From the case above, identify four factors within the general environment of Jessops Group Limited..

Answers

Answer:

The four factors within the general environment of Jess-ops Group Limited are macroeconomic factor, technological factor, regulatory factor, and social factor.

Explanation:

The general environment can be described as the larger environment in which the company operate.

The four factors within the general environment of Jess-ops Group Limited are macroeconomic factor, technological factor, regulatory factor, and social factor.

Note: These factors are explained in the attached file as there was a difficulty in submitting the explanation here.

Find the nominal annual rate of interest compounded monthly if $1200 accumulates to $1618.62 in five years.​

Answers

Answer:

Nominal annual rate of interest(r) = 2.5% (Approx)

Explanation:

Given:

Present value (P) = $1,200

Future value (F) = $1,618.62

Number of year = 5 year = 5(12) months = 60 months

Find:

The nominal annual rate of interest(r)

Computation:

[tex]Nominal\ annual\ rate\ of\ interest(r) = \sqrt[n]{\frac{F}{P} }-1 \\\\Nominal\ annual\ rate\ of\ interest(r) = \sqrt[60]{\frac{1,618.62}{1,200} }-1 \\\\Nominal\ annual\ rate\ of\ interest(r) = 0.004949\\\\Nominal\ annual\ rate\ of\ interest(r) = 0.5 %[/tex]

Actual periodic Nominal annual rate of interest(r) = 0.5 (5year)

Nominal annual rate of interest(r) = 2.5% (Approx)

Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberger Corporation at a total cost of $15 per share on June 17, 2020. On September 3, Schuberger declared and paid a $120,000 dividend. On December 31, Schuberger reported net income of $520,000 for the year. B) Blue Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker’s 120,000 outstanding shares of common stock at a cost of $18 per share on January 1, 2020. On May 15, Hunsaker declared and paid a cash dividend of $120,000. On December 31, Hunsaker reported net income of $220,000 for the year. Prepare all necessary journal entries for 2017 for (a) Edelman and (b) Wen.

Answers

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

Suppose Sharon earns $575 per week working as a programmer for PC Pros. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Paolo $300 per week to wash cars. Paolo uses $200 to purchase software from PC Pros.
and
1. Paolo spends $200 to purchase software from PC Pros.
- A. Resource Market? B. Product Market market?
2. Paolo earns $300 per week working for Spotless Car Wash
- A. Resource Market? B. Product Market market?
3. Sharon spends $9 to get her car washed.
- A. Resource Market? B. Product Market market?
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
1. The $300 per week Paolo earns working for Spotless Car Wash
2. The $200 Paolo spends to purchase software from PC Pros
3. Sharon's labor

Answers

Answer:

First Question

1. B

2. A

3. B

Second Question

The $200 Paolo spends to purchase software from PC Pros.

Explanation:

1. Paolo's transaction falls under the product market cash flow because he wittingly spends on a product–the software.

2. Paolo's earnings comes to the resource market, since he is been paid for his human resourcefulness in the organization.

3. Sharon's payment for washing her car is best placed on the Product market flow since she is spending on a personal product–the car.

The $200 Paolo spends to purchase software from PC Pros in this scenario represent a flow from a household to a firm because he (an individual belonging to a household) transfers his money to the firm.

You were recently hired at a software engineering company, and today is your first team meeting. You want to convey to your new team members that you are excited to join them and that you will be an engaged and respectful addition to the team.

What form of nonverbal communication will serve you best?

a. Hugs
b. Prolonged eye contact
c. Punctuality

Answers

Punctuality, simply because it’s a way of showing diligence and eagerness to work.

A mutual fund had NAV per share of $19.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.14. Income distributions were $0.57, and the fund had capital gain distributions of $1.12. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year

Answers

Answer:

9.63%

Explanation:

Calculation of Mutual Fund rate of return that the investor receive on the fund last year

Using this formula

Rate=(Fund's NAV -NAV per share +Income distributions+ Capital gain distributions )

Let plug in the formula

Where:

Fund's NAV =$19.14

NAV per share=$19.00

Income distributions=.57

Capital gain distributions =1.12

Hence

Rate =($19.14 - 19.00 + .57 + 1.12) / $19.00

=1.83/$19.00

=0.0963×100

Rate = 9.63%

Therefore without considering taxes and transactions costs, the rate of return that the investor receive on the fund last year will be 9.63%

what do you do if your lender rejects your loan application

Answers

Answer:you tie a noose and hope for the best my friend. and if all goes south, you have a backup plan.

Explanation:

Suppose that the standard deviation of returns for a single stock A is σA = 30%, and the standard deviation of the market return is σM = 10%. If the correlation between stock A and the market is rhoAM = 0.3, then the stock’s beta is . Is it reasonable to expect that the volatility of the market portfolio’s future expected returns will be greater than the volatility of stock A’s returns? Yes No

Answers

Answer:

The stock’s beta is 0.90

Is not reasonable to expect that the volatility of the market portfolio’s future expected returns will be greater than the volatility of stock A’s returns

Explanation:

In order to calculate the stock’s beta we would have to calculate the following formula:

Beta of stock = (standard deviation of stock A x correlation between stock A and market) / standard deviation of market

beta = (30% x 0.3) / 10% = 0.90

The market is assumed to have a beta of 0.90 and beta of a stock is the volatility of the stock in relation to the market. Since, stock A has beta equal to the market, its volatility will be correlated with the market. Therefore is not reasonable to expect that the volatility of the market portfolio’s future expected returns will be greater than the volatility of stock A’s returns

Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise:
a. A suitable location in a large shopping mall can be rented for $4,500 per month.
b. Remodeling and necessary equipment would cost $378,000. The equipment would have a 10-year life and a $37,800 salvage value. Straight-line depreciation would be used, and the salvage value would be considered in computing depreciation.
c. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total $480,000 per year. Ingredients would cost 20% of sales.
d. Operating costs would include $88,000 per year for salaries, $5,300 per year for insurance, and $45,000 per year for utilities. In addition, Mr. Swanson would have to pay a commission to The Yogurt Place, Inc., of 13.0% of sales.
Required:
1. Prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet
2-a. Compute the simple rate of return promised by the outlet
2-b. If Mr. Swanson requires a simple rate of return of at least 21%, should he acquire the franchise?
3-a. Compute the payback period on the outlet
3-b. If Mr. Swanson wants a payback of three years or less, will he acquire the franchise?

Answers

Answer:

1.) check attached picture

2a)Simple rate of return = 25.2%

2b) Yes

3a)2.92 years

3b) Yes

Explanation:

Kindly check attached picture

Felix and Freddie are married with annual taxable income of $230,000. They pay income tax according to the following schedule: Over-----But Not Over-----Tax Rate $0............$43,850..............15% $43,850.....$105,950.............??? $105,950....$361,450............31% If the total personal income tax they pay is $58,074, which of the following comes closest to the tax rate for income between $43,850 and 105,950 (the middle tax rate)?
a. 21%
b. 24%
c. 25%
d. 225
e. 23%

Answers

Answer:

a. 21%

Explanation:

Felix and Freddie

Tax paid for first will be :

$43,850 ×15%

=$6,577.5

Taxable income $124,050

($230,000-$105,950)

Taxable payable $38,455.5

($124,050*31%)

Remaining tax payable $13,041

($58,074-$6,577.5-$38,455.5)

÷

Remaining taxable income $62,100

($105,950-$43,850)

Tax rate between $43,850 and 105,950 will be:

$13,041÷$62,100

=0.21×100

=21%

Which of the following is an example of peakminusload ​pricing? A. charging less for vacations to Hawaii during December and January B. setting price equal to marginal cost when there is a capacity constraint C. selling excess capacity at lower prices D. charging more for electricity on hot days

Answers

Answer:

D. charging more for electricity on hot days.

Explanation:

This is a strategy that helps service providers in billing their customers when their in traffic on the usage of a particular service. This is charging higher of a certain service when their are a lot of users trying to be benefit or trying to use it at the same time. This can easily be seen in the case of utility usage amongst countries where this forms of billings are performed. That is why in the scenario above, the charging more for electricity on a hot day falls in place as the perfect option of peakminus loading price.

Answer:

D. charging more for electricity on hot days

Explanation:

Peak load pricing is charging more for a good or service when the demand for the good is higher.

During the hot weather, people would want to use fans and air conditioners, thus, the demand for electricity would be higher as people would need electricity to power these items. So increasing the price in the hurt weather is an example of peak load pricing.

I hope my answer helps you

Elaborate on two instances at the workplace where "silence is golden " may be applicable.

Answers

Answer:

"Silence is golden" teaches that it is not everytime that somebody must say something.  At times, it is better to keep quiet and listen to others and the environment instead of talking meaninglessly.

At the workplace, it is better to apply this "silence is golden" rule instead of asking or making unrelated questions or comments.  Relevance is important in communication.  Off-handed revelations can be offsetting and can damage one's character, if left unchecked.  If you want to ask a question in any situation, please ensure that the question is related to the topic under discussion.  If you want to make a comment during departmental meetings, first make the comment in your head and evaluate its relevance to the subject being discussed.  After your evaluation, you may discover it was not necessary to ask the question or make the comment, then withdraw it.  Do not fall into the habit of asking irrelevant questions or making unnecessary comments because you want your voice to be heard.  We learn more from listening to others than from talking.

Another instance were "silence is golden" is when you are under emotions.  Hold yourself in check at such moments and do not allow yourself to ask questions or make comments that will hurt the feelings of those around you.  Some people are sentimental and will not appreciate nor excuse such remarks.  Hold your tongue.  Cry if you must, but do not voice out your emotions without control.  People do not easily forget such remarks even though they realize that you were emotionally charged.  Let your peace reign in your heart.

Explanation:

A workplace is not the most appropriate place to voice out some thoughts.  You must recognize your purpose of being there in the first instance: to work and earn a living.  So, simply do that.  Do not be known as a talkative.

Vertical Analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For Years Ended December 31 2019 2018 Fees earned $680,000 $576,000 Operating expenses 482,800 420,480 Operating income $197,200 $155,520 Prepare a vertical analysis of Cornea Company's income statements. Enter percents as whole numbers.

Answers

Answer:

                                        Cornea Company

               Income Statements For Years Ended December 31

                                             2019                         2018

                                     Amount     Percent    Amount      Percent

Fees earned               $680,000    100%     $576,000    100%

Operating expenses   $482,800     71%        $420,480     73%

Operating income      $197,200       29%      $155,520     27%

Operating expense working

2019= 482,800/680,000 * 100/1= 71% = 0.71

2018= 420,480/576,000 * 100/1= 73% = 0.73

Operating Income working

2019= 1 - 0.71 = 0.29 = 29%

2018= 1 - 0.73 = 0.27= 27%

Required information The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Foundational 5-11 11. What is the margin of safety in dollars

Answers

Answer:

$5,000

Explanation:

Sales $20,000

Variable expenses $12,000

Contribution margin $8,000

Fixed expenses $6,000

Net operating income $2,000

margin of safety in $ = current sales level - break even point

margin of safety in % = (current sales level - break even point) / current sales level

first we need to calculate the contribution margin per unit = $20 - $12 = $8 per unit

break even point = fixed costs / contribution margin = $6,000 / $8 = 750 units

sales level at break even point = 750 x $20 = $15,000

margin of safety in $ = $20,000 - $15,000 = $5,000

margin of safety = ($20,000 - $15,000) / $20,000 = $5,000 / $20,000 = 25%

George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T-shirts. Which of the following best approximates the price elasticity of demand? -2.2 -1.8 -2 -2.6 Suppose George's marginal cost is $5 per shirt. Before the price change, George's initial price markup over marginal cost was approximately . George's desired markup is . Since George's initial markup, or actual margin, was than his desired margin, raising the price was .

Answers

Answer: George's initial price markup over marginal cost was approximately 41.2% George's desired markup is 45% Since George's initial markup, or actual margin, was Less than his desired margin, raising the price was profitable

Explanation:

a) Price Elasticity of Demand = [(Q1-Q2)/(Q1+Q2)] / [(P1-P2)/(P1+P2)]

= 5000- 4000/4000+ 5000) /  8.50- 9.50 /8.50 ₊9.50 =

1000/8000 / -1/ 18 = 0.125/-0.055  = -2.2

George's initial price markup over marginal cost was approximately

when Marginal cost = $5

b)initial price markup  = Price - marginal cost / price = 8.50 - 5.00/ 8.50 =   0.412=  41.2%

C) George's  desired margin = 1/absolute value of price elasticity = 1/ 2.2= 0.45= 45%

.

D)Since George's initial markup or actual margin was less  than his desired margin, raising the price is profitable.

This is because When the  markup is lower than the margin,  business is running on a loss, so it is nessesary to increase price.

To make merit increases consistent, administrators of merit pay programs must closely monitor the compa-ratio and the:________.a. average pay of the area where the organization is based. b. number of grades in the pay structure. c. company's stock price in the current financial year. d. number of new hires in the company. individual's performance ratings.

Answers

Answer:

idk I'm dumb but try looking it up on the internet

When a worker calls in sick, a temporary replacement is hired to operate his machine. During the week in which the replacement is working, scrap increases significantly, to the point that almost all points plotted on the control chart used to monitor the machine, fall well above the central tendency. Management is frustrated because it cannot understand why the process has deteriorated so rapidly. However, when the original worker returns, scrap decreases to the original level. Management is satisfied it has fixed the problem somehow once and for all although it doesn’t have any idea how the high rate of scrap occurred. According to Deming, this is an example of management: I incorrectly identifying common cause variation present as special cause variation. II under controlling the process by not reacting to special cause variation occurring. III correctly identifying special cause variation. IV correctly identifying common cause.

Answers

Answer:

II. under controlling the process by not reacting to special cause variation occurring.

Explanation:

Note the fact that Edwards Deming see such a scenario as one that is not previously observed, but that could be reacted to.

The special cause variation in this scenario refers to the increase in scrap value significantly when a worker who falls sick was replaced by another to operate his machine. The negligence of Management is evident from the fact even after the original worker returns, and the scrap decreases to the original level, the Management feels satisfied it has fixed the problem without any idea how the high rate of scrap occurred.

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