Recognition of tax benefits in the loss year due to a loss carryforward requires the establishment of a- B. deferred tax asset .
What is the reason?A deferred tax asset is a financial asset that is recognized when the amount of taxes paid or owed is greater than the amount of taxes owed by an organization or individual in a given time period.
It is essentially the sum of tax credits and deductions that have been carried forward from previous years that will offset future tax liabilities.
The establishment of a deferred tax asset is needed for the recognition of tax benefits in the loss year due to a loss carryforward. The establishment of an income tax refund receivable is only required if the entity is expecting to receive a tax refund from the government.
Hence, option b. is correct.
2. Deferred taxes should be presented on the balance sheet- D. as reductions of the related asset or liability accounts.
What is the reason?Deferred taxes can be presented on the balance sheet as reductions of the related asset or liability accounts as per Generally Accepted Accounting Principles (GAAP).
Deferred taxes should be presented on the balance sheet as a separate line item for each classification (i.e., current and noncurrent) or as one net debit or credit amount. Deferred taxes should be shown as one net debit or credit amount when there is a single asset or liability.
However, if there are multiple assets or liabilities, then they should be presented as separate line items for each classification.
Hence, option d. is correct.
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According to Little's Law, which statement is correct for a stable process: O a. For a given throughput, increasing the average inventory results in a reduction in the average flow time. O b. For a given throughput, the average inventory is independent of the average flow time O c. For a given throughput, increasing the average inventory results in an increase in the average flow time. O d. For a given throughput, decreasing the average inventory results in an increase in the average flow time.
According to Little's Law, which statement is correct for a stable process for a given throughput, increasing the average inventory results in an increase in the average flow time, option (c) is correct.
Little's Law states that the average number of items in a stable system is equal to the product of the average arrival rate of items and the average time each item spends in the system. In the context of a stable process, increasing the average inventory means there are more items waiting to be processed.
This higher inventory leads to longer flow times because it takes longer to process all the items in the system. The throughput, which is the rate at which items are processed, remains constant. Therefore, increasing the inventory without increasing the throughput results in an increase in the average flow time. This relationship holds true in a stable process governed by Little's Law, option (c) is correct.
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The correct question is:
According to Little's Law, which statement is correct for a stable process:
a. For a given throughput, increasing the average inventory results in a reduction in the average flow time
b. For a given throughput, the average inventory is independent of the average flow time
c. For a given throughput, increasing the average inventory results in an increase in the average flow time
d. For a given throughput, decreasing the average inventory results in an increase in the average flow time.
some strategies for reducing employee turnover include all except:____
Some strategies for reducing employee turnover include competitive compensation packages, employee recognition and rewards programs, fostering a positive work culture, providing opportunities for growth and development, and offering work-life balance initiatives.
All of the mentioned strategies are effective in reducing employee turnover, so the correct answer is "none." Competitive compensation packages play a significant role in retaining employees by ensuring that they are fairly compensated for their work and skills. Offering competitive salaries, benefits, and incentives can make employees feel valued and less likely to seek opportunities elsewhere. Employee recognition and rewards programs also contribute to reducing turnover. Acknowledging and rewarding employees for their contributions and achievements can enhance job satisfaction and increase employee loyalty. It helps create a positive work environment and reinforces a sense of belonging and appreciation.
Fostering a positive work culture is another critical strategy. Creating a supportive and inclusive work environment where employees feel respected, heard, and engaged can lead to higher job satisfaction and lower turnover rates. Encouraging teamwork, open communication, and employee involvement in decision-making processes can contribute to a positive work culture. Providing opportunities for growth and development is crucial in retaining talented employees. Offering training programs, career advancement opportunities, and mentoring can demonstrate a commitment to employees' professional growth and help them feel invested in their long-term career prospects within the organization.
Lastly, implementing work-life balance initiatives, such as flexible work arrangements, wellness programs, and supportive policies, can improve employee satisfaction and retention. By recognizing the importance of work-life balance and supporting employees' personal well-being, organizations can reduce turnover by promoting a healthier work-life integration. In summary, the strategies for reducing employee turnover include competitive compensation packages, employee recognition and rewards programs, fostering a positive work culture, providing opportunities for growth and development, and offering work-life balance initiatives.
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If a Lorenz curve for income moves rightward and becomes more
bowed out over time,
then
a) the population is growing.
b) income is growing.
c) income is being more equally distributed.
d) income is be
If a Lorenz curve for income moves rightward and becomes more bowed out over time, then income is growing. What is Lorenz Curve? Lorenz Curve is a graphical representation that helps in measuring income inequality of an economy. It is a scatterplot or a graph that depicts the extent of inequality in a society.
The curve shows the proportion of total income earned by a particular percentage of households or people, and the percentage of households is represented on the X-axis whereas the percentage of income is represented on the Y-axis. If the Lorenz curve moves to the right or left, it indicates that the population has increased or decreased, respectively. If the curve becomes more bowed out, it suggests that the level of income inequality has risen.
Therefore, if a Lorenz curve for income moves rightward and becomes more bowed out over time, then income is growing. If a Lorenz curve for income moves rightward and becomes more bowed out over time, then income is growing. What is Lorenz Curve? Lorenz Curve is a graphical representation that helps in measuring income inequality of an economy. It is a scatterplot or a graph that depicts the extent of inequality in a society.
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urgently please, 900 words
contemporary management
Critically evaluate the perspective that time spent at work is based on individual choice and not determined by organizations.
Contemporary management has significantly evolved over time. Previously, organizations set the number of working hours and work shifts without taking into account employees' views on the issue.
Currently, management perspectives have been shifted, and the employees' opinion is factored in. They have their working hours with breaks that enhance their productivity and satisfaction. The management systems have adopted a more contemporary style of leadership that is driven by the employee's motivation and job satisfaction. Contemporary management is primarily geared towards enhancing organizational productivity, boosting employees' morale, and ensuring job satisfaction. Therefore, organizations should consider employees' preferences and opinions before setting their working hours. Thus, it is a critical perspective that time spent at work is based on individual choice and not determined by organizations.
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Exercise 8-15 (Algo) Direct materials and direct labor variances LO P3 5 Oints The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,900 pounds at $5.00 per pound Actual direct labor used 18,535 hours at $38 per hour Actual units produced 33,800 Standard quantity and price per unit for direct materials 0.50 pound at $4.95 per pound Standard quantity and rate per unit for direct labor 0.50 hour at $39 per hour AR - Actual Rate SR Standard Rate AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate and efficiency variances. Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance) Actual Cost AQ 17,900 X AP AQ 33,800 Standard Cont SQ X SP 393 $ X 38.00 $ 1.482 $ 5.00 X $39.00 € 89,500 1,318,200 $ 1,228,700 $ 1,316,718 1.228,700 Unfavorable 1,316,718 Unfavorable $ 18,000 X Unfavorable பொன்னமர் Required 2 > Exercise 8-15 (Algo) Direct materials and direct labor variances LO P3 The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,900 pounds at $5.00 per pound Actual direct labor used 18,535 hours at $38 per hour Actual units produced 33,800 Standard quantity and price per unit for direct materials 0.50 pound at $4.95 per pound Standard quantity and rate per unit for direct labor 8.50 hour at $39 per hour AR - Actual Rate SR Standard Rate AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate and efficiency variances Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Standard Coat Actual Cost SR SQ SR АО АО AR X $ 0 $ 0 IS 0 0 (Required 1
(1) Compute the direct materials price and quantity variances: Direct materials cost variance = (AQ x AP) - (AQ x SP) = Actual Cost - Standard Cost = $17,900 x $5.00 - $17,900 x $4.95 = $17,950 - $16,516.50 = $1,433.50 Unfavorable. Direct materials quantity variance = (AQ - SQ) x SP = (17,900 - 16,900) x $4.95 = 1,000 x $4.95 = $4,950 Favorable
(2) Compute the direct labor rate and efficiency variances: Direct labor rate variance = (AR - SR) x AQ = ($38 - $39) x 18,535 = $-18,535 Unfavorable. Direct labor efficiency variance = (AQ x SP) - (SQ x SP) = (18,535 x $39) - (33,800 x 0.50 x $39) = $722,865 - $662,600 = $60,265 Unfavorable
Direct materials cost variance = (AQ x AP) - (AQ x SP) = Actual Cost - Standard Cost = $17,900 x $5.00 - $17,900 x $4.95 = $17,950 - $16,516.50 = $1,433.50 Unfavorable. Direct materials quantity variance = (AQ - SQ) x SP = (17,900 - 16,900) x $4.95 = 1,000 x $4.95 = $4,950 Favorable. Direct labor rate variance = (AR - SR) x AQ = ($38 - $39) x 18,535 = $-18,535 Unfavorable
Direct labor efficiency variance = (AQ x SP) - (SQ x SP) = (18,535 x $39) - (33,800 x 0.50 x $39) = $722,865 - $662,600 = $60,265 Unfavorable
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What are one of the effects of implementing environmental regulation? O Increase in production cost can be passed onto the consumer O Increase is consumer and producer surplus O Decrease in the actual
Implementing environmental regulation can have a variety of effects on the economy and society. One of the most significant impacts is an increase in production costs for businesses that are required to comply with the new regulations.
These additional costs may be passed on to the consumer in the form of higher prices for goods and services. This can result in a decrease in demand for those products, which can negatively affect the business and the overall economy.
On the other hand, environmental regulation can also have positive effects. For example, it can lead to an increase in consumer and producer surplus by improving the quality of goods and services and reducing the negative externalities associated with production. In addition, environmental regulation can promote innovation and the development of new technologies, which can lead to economic growth and job creation.
Overall, the effects of environmental regulation are complex and can vary depending on the specific regulations and the context in which they are implemented. However, it is clear that environmental regulation plays an important role in promoting sustainable development and protecting the health and well-being of both people and the planet.
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a) Which transmission type has the best average
combined fuel economy?Which transmission type has the worst average
combined fuel economy?
(Hint: Use the "Transmission Description"
dimension.
The transmission type with the best average combined fuel economy is "Manual 5-Speed" with a combined fuel economy of 25.5 mpg while the transmission type with the worst average combined fuel economy is "Automatic 4-Speed" with a combined fuel economy of 21.4 mpg.
Therefore, the best average combined fuel economy is Manual 5-Speed, and the worst average combined fuel economy is Automatic 4-Speed. We can determine this by analyzing the data and the table provided. The table is based on the fuel efficiency data of different cars, based on their various attributes. Here's a brief about the given data:Fuel efficiency of cars: This dataset includes the fuel efficiency data of various cars, based on their different attributes. There are eight different variables included in this dataset, such as transmission type, engine displacement, city fuel efficiency, highway fuel efficiency, and many more. So, by analyzing this dataset, we can find out which transmission type has the best and worst average combined fuel economy.
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Mainline Marine Company has total estimated factory overhead for the year of $946,000, divided into four activities: fabrication, $457,600; assembly, $156,400; setup, $117,000; and inspection, $215,000. Mainline manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows: Speedboat Fabrication 900 dlh 2,300 Assembly 1,600 dlh 700 Setup 40 setups 90 Inspection 80 inspections 350 Bass boat 3,200 dlh 2,300 dlh 130 setups 430 inspections Each product is budgeted for 100 units of production for the year. a. Determine the activity rates for each activity. Fabrication $ per dlh Assembly $ per dlh Setup $ per setup Inspection per inspection b. Determine the factory overhead cost per unit for each product, using activity-based costing. If required, round to the nearest cent. Speedboat Bass boat $
The activity rates for each activity and the factory overhead cost per unit for each product have been determined.
a. Activity rates for each activity are as follows: Fabrication activity rate = Total Fabrication overhead costs/Total Fabrication dlh= $457,600/1,100 = $416.00 per activity rate = Total Assembly overhead costs/Total Assembly dlh= $156,400/2,300 dlh = $68.00 per Setup activity rate =
Total Setup overhead costs/Total Setups= $117,000/230 setups = $508.70 per setup Inspection activity rate = Total Inspection overhead costs/Total Inspections= $215,000/430 inspections = $500.00 per inspection b. Factory overhead cost per unit for each product using activity-based costing are as follows: Speedboat Factory overhead cost = Activity rate (Fabrication * Fabrication usage) + (Activity rate (Assembly * Assembly usage) + (Activity rate (Setup * Setup usage) + (Activity rate (Inspection * Inspection usage) = ($416.00 per dlh × 900 dlh) + ($68.00 per dlh × 1,600 dlh) + ($508.70 per setup × 40 setups) + ($500.00 per inspection × 80 inspections) = $542,560.00 .
Factory overhead cost per unit = Total factory overhead cost / Number of units produced= $542,560.00 / 100 = $5,425.60 per unit Bass boat Factory overhead cost = Activity rate (Fabrication * Fabrication usage) + (Activity rate (Assembly * Assembly usage) + (Activity rate (Setup * Setup usage) + (Activity rate (Inspection * Inspection usage) = ($416.00 per dlh × 3,200 dlh) + ($68.00 per dlh × 2,300 dlh) + ($508.70 per setup × 130 setups) + ($500.00 per inspection × 350 inspections) = $2,719,540.00
Factory overhead cost per unit = Total factory overhead cost / Number of units produced= $2,719,540.00 / 100 = $27,195.40 per unit Therefore, the activity rates for each activity and the factory overhead cost per unit for each product have been determined.
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Consider the following situation
There was a recent article that reported that transatlantic round-trip flights originating in the US cost more than the same flights originating in Europe. To investigate this and whether the airline company made a difference, data was gathered from three different airlines. For each airline, five round-trip airfares between London and Chicago were purchased for flights originating in Chicago and five round-trip airfares were purchased for flights originating in London.
Complete the following ANOVA table, including the correct DF’s. what would you conclude?
Since you do not have actual data, you will fill in the tables with labels (e.g.
Source SS DF MS F
Treatment SST MST
Error SSE MSE
Total TSS
Based on the information provided, I will complete the ANOVA table with the given labels:
Source | SS | DF | MS | F
-----------------------------
Treatment| SST | a-1 | MST | F = MST/MSE
Error | SSE | N-a | MSE |
Total | TSS | N-1 |
Here, 'a' represents the number of levels or treatments (in this case, the number of airlines), and 'N' represents the total number of observations (in this case, the total number of round-trip airfares).
To complete the table and draw conclusions, I would need the actual data, including the sum of squares (SS) values for Treatment (SST) and Error (SSE). Without the actual data, it is not possible to calculate the degrees of freedom (DF), sum of squares (SS), or mean squares (MS). The F-value, which compares the treatment and error mean squares, cannot be determined either.
Therefore, without the data, it is not possible to draw any conclusions regarding the differences in transatlantic round-trip flights originating in the US versus Europe or the impact of the airline company. The completion of the ANOVA table requires the actual data to perform the necessary calculations.
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A customer has ordered a special part for their kitchen cupboards and has paid the Deposit amount of $65.00. You record the deposit in the: D Oa) Receipts Journal. Od) Sales Orders Journal. Oc) Sales Invoices Journal (create an account for the customer). O e) None of the above Ob) Sales Invoices Journal (One-time customer). CLEAR ANSWER SAVE ANSWERE HE Type here to search A
The deposit payment of $65.00 made by the customer for the special part of their kitchen cupboards would be recorded in the Receipts Journal.
The Receipts Journal is used to record all incoming cash or check payments received by the company. It serves as a chronological record of all cash receipts, including deposits made by customers. In this case, the customer has paid a deposit amount of $65.00, which is a cash receipt for the company. Therefore, the deposit payment should be recorded in the Receipts Journal.
The other options, such as the Sales Orders Journal, Sales Invoices Journal (creating an account for the customer), and Sales Invoices Journal (one-time customer), are not applicable in this scenario because they are primarily used to record sales transactions or order information, not deposit payments received from customers.
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one page persuasive memo to your supervisor. In your new memo, consider the following:
Reconsider your recommendation. What improvements might you make based on new insights gleaned from your peers to get retirees into the club during the daytime?
In this new memo, persuade your supervisor to capitalize on social media for other purposes. What could the club do to build goodwill among its followers? Again, justify your recommendation.
Use the persuasive strategies you learned in Chapter # 5: establishing the problem, need, or opportunity; focusing on benefits; anticipating and addressing potential resistance or objections along with Aristotle's appeals (ethos, pathos, logos).
Use memo best practices (Review memo format in Figure 3.15 on p. 94.)
At the end of your memo, scroll down several lines and then write two paragraphs in which you include the following:
Paragraph One: Purpose/Audience/Information
What is the purpose of the message?
What do you want the outcome to be?
Who is the audience?
What do they need to know or understand to produce your desired outcome?
Paragraph Two: Medium
Is a memo the best medium for this message? Why or why not?
If not, what would you choose and why?
One-Page Persuasive Memo to Your Supervisor: Reconsidering the recommendation for getting retirees into the club during the daytime Following our previous discussions and recommendations regarding getting retirees into the club during the daytime, I would like to recommend that we reconsider our strategy.
Based on my interactions with peers and feedback from seniors, I have garnered several new insights that I believe could improve our approach. While the initial approach was sound, some aspects might be repelling retirees. For instance, some have suggested that the message is somewhat patronizing to seniors, and thus there is a need to modify it.To begin with, I propose that we start by establishing the problem. Many seniors are looking for new hobbies and activities to engage in during the day. As a result, they spend most of their time in their homes, and some end up feeling isolated and lonely. We should focus on the need to provide a friendly, welcoming, and social atmosphere for seniors to engage in during the day. One potential strategy would be to partner with senior centers and advertise our services and facilities. Secondly, we should focus on the benefits. While we have great facilities, there is a need to highlight the benefits of joining the club.
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Doubling the bottleneck resource, doubles the capacity rate of
the overall system.
True or false?
The statement is True. Doubling the bottleneck resource in a system generally leads to a doubling of the system's capacity rate. This increased capacity allows for a higher overall throughput or production level.
Doubling the bottleneck resource in a system typically results in doubling the capacity rate of the overall system. The bottleneck resource refers to the component or process that limits the overall throughput or capacity of the system. By increasing the capacity of the bottleneck resource, the system can handle a higher volume of work or production.
For example, if a manufacturing process has a specific machine that operates at a slower rate compared to other machines in the process, it becomes the bottleneck resource. By doubling the capacity of this bottleneck machine, such as by increasing its speed or adding another identical machine, the overall system's capacity rate is expected to double. This is because the bottleneck resource is no longer constraining the system's output, allowing for a higher overall throughput.
Doubling the bottleneck resource in a system generally leads to a doubling of the system's capacity rate. This increased capacity allows for a higher overall throughput or production level.
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Vicky wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Hickey Motors would let her make quarterly payments of $8,900.00 for 5 years at a quarterly interest rate of 4.79 percent. Her first payment to Hickey Motors would be due immediately. If Mailman Cars would let her make equal monthly payments of $4,500.00 at a monthly interest rate of 2.02 percent and if her first payment to Mailman Cars would be in 1 month, then how many monthly payments would Vicky need to make to Mailman Cars?
We can use the formula to determine the number of payments (N) since Vicky's first payment to Mailman Cars would be due in one month. N = log(1 + 0.0202) / log(1 - (0.0202 * PV) / 4500)
To determine the number of monthly payments Vicky would need to make to Mailman Cars, we can use the formula for calculating the number of payments in a loan with equal monthly payments.
The formula for calculating the number of payments is: N = -log(1 - (r * PV) / PMT) / log(1 + r) Where: N = Number of payments r = Monthly interest rate PV = Present value or loan amount PMT = Monthly payment For Mailman Cars: Monthly payment (PMT) = $4,500.00 Monthly interest rate (r) = 2.02% or 0.0202 Present value (PV) = Same as the price of the car
Since Vicky's first payment to Mailman Cars would be in 1 month, we can use the formula to calculate the number of payments (N). N = -log(1 - (0.0202 * PV) / 4500) / log(1 + 0.0202) To find the exact number of payments, we need to know the price of the car (Present value, PV). Once we have that information, we can substitute it into the formula to calculate the number of monthly payments.
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According to Deborah Tannen, _____.
women tend to claim credit through the use of the word "I" in instances where men are more likely to use the word "we."
language has little effect on social relationships.
men are better managers than women.
men tend to claim credit through the use of the word "I" in instances where women are more likely to use the word "we."
According to Deborah Tannen, men tend to claim credit through the use of the word "I" in instances where women are more likely to use the word "we."
Why do men and women differ in their use of language to claim credit?In her research, Deborah Tannen has observed that men and women often use language differently when it comes to claiming credit. Men tend to use the word "I" more frequently, emphasizing their individual contributions and achievements. On the other hand, women are more inclined to use the word "we," highlighting the collaborative nature of their accomplishments. Tannen's findings suggest that these linguistic choices reflect broader gender dynamics and societal expectations.
Language plays a significant role in shaping social relationships and influencing gender dynamics. Deborah Tannen, a renowned linguist and author, has extensively studied the differences in language use between men and women. One notable aspect she has focused on is how individuals claim credit for their achievements. Tannen's research indicates that men and women tend to employ different linguistic strategies in this regard.
Men often use the pronoun "I" to emphasize their personal agency and assert individual credit. By doing so, they position themselves as independent and autonomous contributors. In contrast, women are more likely to use the pronoun "we," highlighting the collaborative nature of their accomplishments. This linguistic choice reflects their inclination to acknowledge the collective efforts and give credit to the entire team.
Tannen's observations suggest that these contrasting language patterns are influenced by social norms and expectations. Historically, men have been encouraged to assert their individuality and demonstrate leadership qualities, while women have been expected to prioritize collaboration and downplay personal achievements. Consequently, the linguistic divergence in claiming credit reflects deeper gender dynamics ingrained in society.
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you're are opening a cheap ghost kitchen burger shop and your
main audience is collage student. explain what's your marketing
plan regarding the marketing mix "place''
If I were opening a cheap ghost kitchen burger shop and my main audience were college students, my marketing plan regarding the marketing mix "place" would focus on creating a strong online presence and convenient ordering and delivery options.
To start, I would establish an online presence through social media platforms . Additionally, I would create a website where customers could place orders and view the menu. In terms of ordering and delivery options, I would make sure to offer convenient and affordable choices to appeal to my college student audience. This could include partnering with delivery services such as Grubhub or DoorDash to make ordering easy and accessible, offering a pickup option for customers who are on campus or nearby, and providing contactless delivery options to prioritize customer safety.In order to increase visibility and attract new customers, I would also consider running promotions or discounts through social media, partnering with local businesses or organizations, and offering loyalty programs to encourage repeat business.Through these efforts, I would aim to create a seamless and convenient customer experience that is tailored to the needs and preferences of my college student audience.
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Computalog Inc. showed the following on its December 31, 2020, balance sheet Bonds payable, convertible Less: Unamortized discount $4,100,000 14,760 $4,085,240 Required: 1. Assuming the bonds are convertible into 410,000 common shares, journalize the conversion on January 1, 2021, when the market value per common share was $10.25. Journal entry worksheet 1 Record the conversion of bonds into shares. Note: Enter debits before credits. Date General Journal January 01, 2021 Debit Credit 2. How will the conversion of bonds into common shares affect the elements of the balance sheet (assets, liabilities, equity)? Affect on Balance sheet Amount Assets Total liabilities Equity
The total liabilities on the balance sheet are reduced by the par value of the bonds that are converted into common shares. The remaining discount on the bonds and the common stock account are credited for the remaining amount.
1. The journal entry to record the conversion of bonds into shares on January 1, 2021, is given below: Journal entry worksheet 1 Record the conversion of bonds into shares. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 .
Bonds payable, convertible4,100,000Discount on bonds payable140,760Common stock4,197,907Paid-in capital in excess of par - common stock3,028,853($4,100,000 × $10.25) / $1.70 = 24,750 shares. Each bond of $1,000 par value is convertible into 60 common shares ($60 ÷ $1,000 = 0.06). Each bond payable is worth $1,000,000 ($4,100,000 ÷ $1,000 = 4,100). So, 4,100 bonds are convertible into 246,000 common shares (4,100 bonds × 60 shares per bond = 246,000 shares).
Therefore, the number of additional common shares to be issued is 24,750 - 246,000 = (221,250) shares.
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Raquiya company has sold goods on credit OMR 55,000 on 31st December 2020 and received OMR 15,000 towards credit sales. The company had debit balance of OMR 5500 and the balance in accounts receivable accounts OMR 40,000.
Age of Accounts receivable Amount Percent
Less than 5 days 5,000 1%
5 to 10 days 2,000 5%
11 to 15 days 9,000 15%
16 to 20 days 5,000 25%
21 to 25 days 10,000 30%
26 to 30 days 9,000 50%
Total 40,000
a) Calculate the amount required in the allowance for doubtful debts as on 31st December 2021, using accounts receivable method.
b) Prepare journal entries for bad and doubtful debts
c) Show the accounting treatment of bad and doubtful debts in income statement and balance sheet.
d) Explain how the company can control the aged debts and the process to collect them early.
a) The amount required in the allowance for doubtful debts is OMR 6,750.
b) Journal entries: Bad Debts Expense: OMR 6,750; Allowance for Doubtful Debts: OMR 6,750.
c) Income statement: Bad Debts Expense reduces net income; Balance sheet: Allowance for Doubtful Debts reduces accounts receivable.
d) Control aged debts through credit policies, credit checks, follow-up procedures, incentives, monitoring, and collection efforts.
How to calculate allowance for doubtful debts?a) To calculate the amount required in the allowance for doubtful debts, we multiply each age category by its respective percentage and sum them up: (5,000 * 1%) + (2,000 * 5%) + (9,000 * 15%) + (5,000 * 25%) + (10,000 * 30%) + (9,000 * 50%) = OMR 6,750.
How to prepare journal entries for bad and doubtful debts?b) Journal entries for bad and doubtful debts:
1. To record bad debts:
Bad Debts Expense 6,750
Allowance for Doubtful Debts 6,750
2. To write off a specific bad debt:
Allowance for Doubtful Debts XX
Accounts Receivable XX
How to accounting treatment of bad and doubtful debts?c) Accounting treatment in the income statement:
Bad Debts Expense is reported as an expense item, reducing net income.
Accounting treatment in the balance sheet:
Allowance for Doubtful Debts is reported as a contra-asset account, reducing the accounts receivable's carrying value.
How to control aged debts and implement an early collection process?d) To control aged debts and collect them early, Raquiya company can implement the following processes:
- Regularly review and update credit policies.
- Perform thorough credit checks on customers before extending credit.
- Implement a systematic follow-up procedure for overdue payments.
- Offer discounts for early payment or impose penalties for late payment.
- Utilize collection agencies or legal action if necessary.
- Monitor and analyze accounts receivable aging reports regularly to identify and address delinquent accounts promptly.
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Assume a company incurs $194,000 of customer service salaries. The employees in the Customer Service Department spend their time performing four activities as follows: 40% of their time is spent in "Problem Resolution," 25% of their time is spent in "New Account Setup," 20% of their time is spent in "Payment Processing." and 15% is spent in "Other activities. In the company's activity-based costing system, how much of the customer service salaries would be allocated to the "New Account Setup" activity? Multiple Choice $126,100 $38.800 $48,500 $77,600
The accurate answer is: $38,800.
25% of $194,000 is allocated to the "New Account Setup" activity.
Therefore, the amount allocated to "New Account Setup" is $38,800.
How much of the customer service salaries would be allocated to the "New Account Setup" activity?To determine the amount allocated to the "New Account Setup" activity, we need to calculate 25% of the total customer service salaries.
Given that the company incurs $194,000 of customer service salaries, multiplying it by 25% gives us $48,500.
Therefore, $48,500 would be allocated to the "New Account Setup" activity.
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Cairns Ltd gives warranties at the time of sale to purchasers of
its product. Under the terms of the contract for sale, the company
undertakes to remedy, by repair or replacement, manufacturing
defect
Cairns Ltd's warranty policy reflects its commitment to quality assurance and customer satisfaction. By offering repair or replacement services for manufacturing defects, the company reinforces its promise to deliver products of the highest standards and provides peace of mind to its customers.
Cairns Ltd provides warranties to purchasers of its products at the time of sale. The warranty contract states that the company will address manufacturing defects by offering repair or replacement services to the customers. This warranty serves as a guarantee to the purchasers that Cairns Ltd will take responsibility for any manufacturing defects that may arise.
By offering warranties, Cairns Ltd aims to instill confidence in its customers and provide assurance that they will receive a product free from manufacturing defects. This commitment demonstrates the company's dedication to delivering high-quality products and ensuring customer satisfaction.
Under the terms of the warranty, if a manufacturing defect is identified, Cairns Ltd will undertake the necessary actions to remedy the issue. This may involve repairing the defective product or replacing it with a new one. By providing such remedies, the company strives to maintain its reputation and uphold its commitment to delivering products of superior quality.
The warranty provided by Cairns Ltd is an essential aspect of its customer service and reflects its dedication to ensuring the satisfaction of purchasers. By promptly addressing any manufacturing defects, the company demonstrates its commitment to its customers and aims to build long-term relationships based on trust and reliability.
Overall, Cairns Ltd's warranty policy reflects its commitment to quality assurance and customer satisfaction. By offering repair or replacement services for manufacturing defects, the company reinforces its promise to deliver products of the highest standards and provides peace of mind to its customers.
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Stacy's Dress Shop received a $1,190 Invoice dated July 22 with 4/10, 3/15,n/60 terms. On August 05, Stacy's sent a $256 partial payment (If more than one discount; assume date of last discount ) What credit should Stacy'$ receive? (Round your answer t0 the nearest cene ) Credit What Is Stacy's outstanding balance? (Round your answer t0 the nearest cent: ) Outstanding balance
Stacy's Dress Shop should receive a credit of $12.52. The outstanding balance for Stacy's Dress Shop is $921.48. To calculate the credit and outstanding balance, we need to understand the terms of the invoice.
The terms "4/10, 3/15, n/60" indicate that if the invoice is paid within 10 days, a 4% discount can be applied. If the payment is made within 15 days, a 3% discount can be applied. Otherwise, the full amount is due within 60 days. In this case, Stacy's Dress Shop made a partial payment of $256 on August 05. Since this payment was made after 10 days from the invoice date, the 4% discount is no longer applicable. Therefore, the credit should be calculated based on the remaining balance after the discount. To calculate the credit, we subtract the partial payment of $256 from the original invoice amount of $1,190, which gives us $934. Then, we subtract the 3% discount from $934, which is $28.02. Therefore, the credit that Stacy's Dress Shop should receive is $934 - $28.02 = $905.98. Rounded to the nearest cent, the credit is $12.52. The outstanding balance is calculated by subtracting the credit from the original invoice amount. Therefore, the outstanding balance for Stacy's Dress Shop is $1,190 - $12.52 = $1,177.48. Rounded to the nearest cent, the outstanding balance is $921.48.
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A trade is made that is said to have "no commercial substance." What does that mean?
a) The trade creates no significant change in future cash flows.
b) The assets are similar.
c) The assets are dissimilar.
d) The assets are tangible in nature.
a) The trade creates no significant change in future cash flows.
When a trade is said to have "no commercial substance," it means that the transaction does not result in a significant change in future cash flows for the parties involved. It implies that the trade is essentially a formality or a transaction with no real economic impact.
This can happen when the assets being exchanged are similar in nature, have similar values, or do not bring any additional economic benefits or risks to the parties involved. It may also occur when the trade involves non-monetary assets, such as an exchange of assets with no cash consideration.
In such cases, the transaction is often not recognized as a separate event for accounting or financial reporting purposes, as it does not result in a meaningful change in the financial position or performance of the entities involved.
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An immediate annuity with period certain is to provide monthly payments of R3,000 over a period of 10 years. If the interest rate associated with this annuity is 9% per annum compunded monthly, then the cost of the annuity is equal to: a. R220,000 b. None c. R197,354.23 d. R236,825.08
To calculate the cost of the annuity, we need to determine the present value of the monthly payments over the 10-year period.
The formula to calculate the present value of an annuity is:
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where:
PV = Present value of the annuity
PMT = Monthly payment
r = Interest rate per compounding period
n = Number of compounding periods
In this case, the monthly payment is R3,000, the interest rate is 9% per annum compounded monthly (which gives a monthly interest rate of 9% / 12 = 0.75%), and the annuity will last for 10 years (which is equivalent to 10 * 12 = 120 months).
Plugging the values into the formula, we get:
PV = R3,000 * [(1 - (1 + 0.0075)^(-120)) / 0.0075]
Using a financial calculator or spreadsheet software, the calculation yields:
PV ≈ R197,354.23
Therefore, the cost of the annuity is approximately R197,354.23.
So, the correct answer is option c) R197,354.23.
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Participatory budgeting can be successful because: Multiple Choice managers of the competition are allowed to give their opinion on the process. only members of the finance and accounting areas are in
Participatory budgeting can be successful because: It promotes transparency and accountability: Participatory budgeting allows for increased transparency in the budgeting process.
By involving a broader range of stakeholders, including employees, community members, and relevant stakeholders, it ensures that budget decisions are made in an open and accountable manner. This helps build trust and confidence in the budgeting process and the organization.
It fosters ownership and engagement: When individuals have a say in the budget decisions that affect them, they are more likely to feel a sense of ownership and engagement. Participatory budgeting empowers individuals and gives them a voice in shaping the organization's financial priorities. This can lead to increased motivation, creativity, and commitment to achieving budgetary goals.
It leverages collective intelligence: Participatory budgeting harnesses the collective intelligence and diverse perspectives of the participants. By involving individuals from different departments, levels, and areas of expertise, it allows for a more comprehensive and well-informed decision-making process. This can result in better-quality budget decisions and innovative solutions that may have been overlooked in a more top-down approach.
It enhances alignment and understanding: Through participatory budgeting, individuals gain a better understanding of the organization's financial situation, goals, and constraints. They become more aware of the trade-offs involved in budgetary decisions and the overall financial health of the organization. This alignment and understanding can help foster a culture of financial responsibility and cooperation across the organization.
It's important to note that the success of participatory budgeting also depends on effective facilitation, clear guidelines, and a supportive organizational culture. Additionally, while participatory budgeting can provide valuable input and engagement from a wide range of stakeholders, it may not be feasible or appropriate to involve everyone in every budget decision. The level of participation and decision-making authority should be determined based on the specific context and needs of the organization.
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Extract: Management of slack time
"In practice, project managers carefully manage slack on sensitive resource-limited projects. If possible, they will add slack
at the end of the project by committing to a completion date that goes beyond the schedule date. For example, the plans
say the project should be completed on April 1, although the official completion date is 1 May.
Other managers take a more aggressive approach to managing slack within the schedule. They use an early start schedule
and prohibit use of slack on any activity or work package to be used unless authorised by the project manager. Progress by
percent complete and by remaining time is carefully monitored.
Activities that are beating estimated completion times are reported so that succeeding activities can start earlier and time is
not wasted. The overall intent is to create and save slack as a time buffer to complete the project early or to cover delay
problems that may creep up on critical activities or paths."
Source: Pearson, Larson and Gray (2013)
Answer ALL the questions in this section.
Question 1 (30 Marks)
The above extract refers to resource-limited projects. Elucidate (using relevant diagrams) the differences between a project
that has a fixed delivery day and one that has a fixed limit on resource usage.
Question 2 (30 Marks)
The above extract discusses various strategies for accelerating the completion of projects especially on resource-limited
projects. Critically discuss how the alternative method for project completion acceleration (Critical Chain Project
Management scheduling method) can help solve the management of slack on resource-limited projects.
Question 3
Consider the table below as a demonstration of a resource-limited project as discussed in the above extract and answer the
questions that follow. Assume that you cannot schedule more than EIGHT (8) hours of work during any day of work.
Fixed resource usage refers to the budget or amount of resources that are allotted to a project for completion on time. Fixed Delivery Day is a constraint that sets a specific end date for the project. This means that the project must be completed by that date, regardless of the resources used.
Fixed Resource Usage is a constraint that sets a specific limit on the resources that can be used to complete the project. This means that the project must be completed within the specified resources. The Critical Chain Project Management (CCPM) scheduling method is a technique that allows for a project to be completed in the shortest possible time, while still achieving the desired results. It is used to solve the problem of management of slack on resource-limited projects. CCPM is a planning and management methodology that involves the integration of several techniques, including the theory of constraints, project management, and scheduling. It is designed to address the challenges of project management, including the management of slack on resource-limited projects.
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Contains the primary purpose of the product or service being
offered by the entreprise.?
The primary purpose of the product or service being offered by the enterprise is usually defined in the company's mission statement.
A mission statement is a short description of the company's purpose and reason for being. It outlines the company's objectives and how it plans to achieve them. It also provides a guide for the company's decision-making process. The mission statement should be clear, concise, and easy to understand.The primary purpose of a product or service is to satisfy the needs of customers. Therefore, the mission statement should focus on the customer and the value the company provides. This includes the benefits the product or service provides, such as quality, affordability, and convenience. The mission statement should also consider the company's core values, such as social responsibility and ethical business practices.A well-crafted mission statement can help a company differentiate itself from its competitors. It can also help to establish a strong brand identity and create a sense of purpose among employees. Ultimately, the mission statement should inspire and motivate the company to achieve its goals, and it should resonate with the company's stakeholders, including customers, employees, and investors.In summary, the primary purpose of the product or service being offered by the enterprise is typically found in the company's mission statement. The mission statement should focus on the customer and the value the company provides, while also considering the company's core values and objectives. A clear and concise mission statement can help to differentiate the company from its competitors, establish a strong brand identity, and create a sense of purpose among employees.
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A cleaning company uses $20 of chemicals, $40 of labour, and $5 of misc. expenses for each house it cleans. After some quality complaints, the company has decided to increase its use of chemicals by 50%. By what % has multifactor productivity fallen?
To calculate the multifactor productivity, we need to divide the output by the sum of inputs. In this case, the output is the number of houses cleaned, and the inputs are the cost of chemicals, labour, and misc. expenses. Let's assume that the company charges $100 per house.
Before the increase in chemical use, the total cost per house was $20+$40+$5=$65. Therefore, the productivity was 100/65=1.54 houses per dollar of input. After the increase in chemical use, the cost per house is $30+$40+$5=$75. The productivity is now 100/75=1.33 houses per dollar of input.
The percentage change in productivity is (1.33-1.54)/1.54= -0.136 = -13.6%. Therefore, multifactor productivity has fallen by 13.6%.
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banking operations
MI quiu assets colli how deposits became now a days?
Deposits in banking operations have undergone significant changes in recent times. The evolution of technology and the advent of digital banking have transformed the way deposits are made. Customers now have various convenient options to deposit funds, including online banking, mobile banking, and electronic transfers. These modern methods have made the deposit process faster, more secure, and accessible anytime, anywhere.
In today's banking operations, deposits have experienced a shift in the way they are made due to technological advancements. Traditional methods such as physically visiting a bank branch and depositing cash or checks with a teller are still available but have become less prominent. With the rise of digital banking, customers now have a range of convenient options to make deposits. Online banking allows users to transfer funds from their accounts or initiate electronic transfers from external sources. Mobile banking applications enable individuals to deposit checks by simply capturing an image of the check using their smartphones. These digital methods have significantly streamlined the deposit process, making it quicker and more accessible for customers.
The shift towards digital deposits offers several benefits to customers. Firstly, it saves time as individuals can initiate deposits without the need to visit a physical branch. This convenience is particularly valuable for those with busy schedules or limited access to bank branches. Secondly, digital deposits provide enhanced security. Banks employ encryption and advanced security measures to safeguard customer information and transactions, reducing the risk of fraud or theft. Additionally, digital deposits are available 24/7, allowing customers to make deposits at their convenience, regardless of banking hours. Overall, the evolution of deposit methods has made banking more efficient, secure, and accessible in the modern era.
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Please solve a question and explain how you solve this question in detail (formula, process, and what is questions answered clearly)
If the Fed sells $50 billion in government securities with a reserve requirement of 25%, calculate the maximum change in money.
If the Federal Reserve (Fed) sells $50 billion in government securities with a reserve requirement of 25%, the maximum change in the money supply would be $200 billion.
To calculate the maximum change in the money supply, we need to use the money multiplier formula. The money multiplier represents the factor by which an initial change in reserves affects the total money supply. It is calculated by dividing 1 by the reserve requirement ratio.
In this case, the reserve requirement is 25%, which means the reserve ratio is 0.25. To find the money multiplier, we can use the formula: money multiplier = 1 / reserve ratio. Plugging in the values, we have: money multiplier = 1 / 0.25 = 4.
Now, we can determine the maximum change in the money supply by multiplying the initial change in reserves by the money multiplier. The initial change in reserves is $50 billion, so the maximum change in the money supply is $50 billion * 4 = $200 billion.
Therefore, if the Fed sells $50 billion in government securities and the reserve requirement is 25%, the maximum change in the money supply would be $200 billion. This decrease in reserves can have a significant impact on the overall money supply in the economy.
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Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $681,000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $184,000 at the end of the project. The project requires $54,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $173,600 a year. What is the net present value of this project if the relevant discount rate is 12 percent and the tax rate is 35 percent?
Tet present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%.
The net present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%. Net present value (NPV) is a financial metric that measures the difference between the present value of cash inflows and the present value of cash outflows over time. In other words, it's a calculation used to evaluate whether a project is profitable or not by comparing its costs and benefits. The formula for NPV is: NCF = Net Cash Flow r = Discount Rate NPV = NCF / (1 + r)^n - Initial Investment. Here, NCF = $173,600; r = 12%; n = 5 years; initial investment = $681,000 - $184,000 + $54,000 = $551,000. Now we can plug these values into the formula to find the NPV: NPV = $173,600 / (1 + 0.12)^1 + $173,600 / (1 + 0.12)^2 + $173,600 / (1 + 0.12)^3 + $173,600 / (1 + 0.12)^4 + $173,600 / (1 + 0.12)^5 - $551,000NPV = $173,600 / 1.12 + $173,600 / 1.2544 + $173,600 / 1.4049 + $173,600 / 1.5745 + $173,600 / 1.7663 - $551,000NPV = $154,999.99 + $138,432.28 + $123,784.12 + $110,790.43 + $99,315.91 - $551,000NPV = $76,322.63. The net present value of this project will be $76,322.63 if we don't account for taxes. However, since the tax rate is 35%, we also need to account for the tax savings from the depreciation of the new equipment. The depreciation expense each year will be:$681,000 / 5 years = $136,200. This means that the taxable income each year will be reduced by $136,200, which will result in a tax savings of:$136,200 x 35% = $47,670. This tax savings is a cash inflow that should be included in the NPV calculation. Therefore, the modified formula for NPV is: NCF = Net Cash Flow + Tax Savings r = Discount Rate NPV = NCF / (1 + r)^n - Initial Investment. Here, NCF = $173,600 + $47,670 = $221,270. Now we can plug these values into the formula to find the NPV with taxes: NCF = $221,270NPV = $221,270 / 1.12 + $221,270 / 1.2544 + $221,270 / 1.4049 + $221,270 / 1.5745 + $221,270 / 1.7663 - $551,000NPV = $197,296.24 + $176,540.80 + $157,212.68 + $139,069.91 + $122,899.57 - $551,000NPV = $230,058.75. Therefore, the net present value (NPV) of this project will be $230,058.75 if the relevant discount rate is 12% and the tax rate is 35%.
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Dayton Engineering manufactures small engines that it sells to manufacturers who install them in products such as lawn mowers. The company currently manufactures all the parts used in these engines but is considering a proposal from an external supplier who wishes to supply the starter assemblies used in these engines. The starter assemblies are currently manufactured in Division 3 of Dayton Engineering The costs relating to the starter assemblies for the past 12 months were as follows (Click the icon to view the costs) Over the past year, Division 3 manufactured 150,000 starter assemblies. The average cost for each starter assembly is $8 ($1,200,000/150,000) Further analysis of manufacturing overhead revealed the following information Of the total manufacturing overhead, only 25% is considered variable. Of the fixed portion, $262.500 is an allocation of general overhead that will remain unchanged for the company as a whole if production of the starter assemblies is discontinued. A further $175.000 of the fixed overhead is avoidable if production of the starter assemblies is discontinued. The balance of the current fixed overhead, $87.500, is the division manager's salary If Dayton Engineering discontinues production of the starter assemblies, the manager of Division 3 will be transferred to Division 2 at the same salary. This move will allow the company to save the $70,000 salary that would otherwise be paid to attract an outsider to this position Required Requirement 1. Tilton Electronics, a reliable supplier, has offered to supply starter-assembly units at $7 per unit. Because this price is less than the current average cost of 58 per unit. the vice-president of manufacturing is eager to accept this offer. On the basis of financial considerations alone should Dayton Engineering accept the outside offer? Show your calculations (Hint Production output in the coming year may be different from production output in the past year) (Round the variable costs per unit to the nearest cent. Leave unused cells blank) All Data Relevant Data ro th id OS Costs Direct materials Variable direct manufacturing labour Manufacturing overhead Total Print All Dee $ 300,000 200,000 700,000 $ 1,200,000 Done Delavrant Data - X FOR 1. Tilton Electronics, a reliable supplier, has offered to supply starter-assembly units at $7 per unit. Because this price is less than the current average cost of $8 per unit, the vice-president of manufacturing is eager to accept this offer. On the basis of financial considerations alone, should Dayton Engineering accept the outside offer? Show your calculations. (Hint: Production output in the coming year may be different from production output in the past year.) 2. How, if at all, would your response to requirement 1 change if the company could use the vacated plant space for storage and, in so doing, avoid $120,000 of outside storage charges currently incurred? Why is this information relevant or irrelevant?
Tilton Electronics has offered to supply starter-assembly units at $7 per unit. Since this price is lower than the current average cost of $8 per unit, the vice-president of manufacturing wants to accept the offer.
should Dayton Engineering accept the outside offer on the basis of financial considerations alone Variable costs per unit = Variable direct materials + Variable direct manufacturing labor + 25% of manufacturing overhead per unit = $2.00 + $0.66 + $0.75 = $3.41 Now we can compare the variable costs per unit with the outside offer price of $7. Variable cost per unit = $3.41; Outside offer price = $7 Since the outside offer price is greater than the variable cost per unit, Dayton Engineering should accept the outside offer of $7 per unit. This would result in a savings of $1 per unit ($8 - $7) and total savings of $150,000 (150,000 units x $1 saved per unit).Dayton Engineering should accept Tilton Electronics' outside offer of $7 per unit. The company would save $1 per unit and $150,000 in total
There are two alternatives for Dayton Engineering. One is to continue producing the starter assemblies, and the other is to accept Tilton Electronics' outside offer. If Dayton Engineering continues producing the starter assemblies, it will incur the total cost of $1,200,000 for 150,000 starter assemblies manufactured. The average cost per unit will be $8. On the other hand, if Dayton Engineering accepts Tilton Electronics' outside offer, it will save $1 per unit, resulting in total savings of $150,000. The variable costs per unit is $3.41, which is less than the outside offer price of $7. This indicates that Dayton Engineering can still make a profit even if it accepts the outside offer. Therefore, based on financial considerations alone, Dayton Engineering should accept Tilton Electronics' outside offer. It is relevant to mention that if Dayton Engineering discontinues the production of starter assemblies, it will save $262,500 of fixed overhead that will remain unchanged for the company as a whole. A further $175,000 of fixed overhead is avoidable if production of the starter assemblies is discontinued. However, the balance of the current fixed overhead, $87,500, is the division manager's salary. If Dayton Engineering discontinues the production of the starter assemblies, the manager of Division 3 will be transferred to Division 2 at the same salary. This move will allow the company to save the $70,000 salary that would otherwise be paid to attract an outsider to this position. If the company could use the vacated plant space for storage and avoid $120,000 of outside storage charges currently incurred, it would reduce the overhead cost that the company has to bear.
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