Answer:
$585,000
Explanation:
Using high-low method
Variable cost = Total cost (high activity) - Total cost (low activity) / Highest activity unit - Lowest activity unit
Variable cost = 720,000 - 450,000 / 100
Variable cost = 270,000 / 100
Variable cost = 270
Variable cost = Cost - Fixed cost
Now 720,000 = (200) * 2,700 - Fixed cost
- FIxed cost = 540,000 - 720,000
- Fixed cost = -180,000
Fixed cost = 180,000
Now Cost for 150 = 2,700 (150) + 180,000
= 405,000 + 180,000
= $585,000
The quantity theory of money holds that:______.
Answer and Explanation:
The quantity theory of money talks about money supply and price level, and their relationship with one another.
In any given economy, the quantity Theory of money states that money supply and price level are directly proportional. This is to say that when there is a change such as an increase in money supply, there would also be a proportional increase in price Ievel. Also when there is an increase in price level, there would also be a proportional increase in money supply.
Last year a small accounting firm paid each of its five clerks $25,000; two junior accountants received $60,000 each; and the firm’s owner got paid $255,000. This year the firm gave no raises to the clerks and the junior accountants, but the owner’s salary is increased to $455,000. How does this year’s raise affect the average salary for the accounting firm
Answer:
the firm's average salary increased by 40%
Explanation:
the average salary for last year = [(5 x $25,000) + (2 x $60,000) + $255,000] / 6 = $500,000 / 6 = $83,333.33
this year's average salary = [(5 x $25,000) + (2 x $60,000) + $455,000] / 6 = $700,000 / 6 = $116,666.67
this means that the average salary has increased by = [($116,666.67 - $83,333.33) / $83,333.33] x 100 = 40%
how does worse working conditions effect labour productivity?
Testing a prototype of a new product is an example of a:______
A. Unit-level activity
B. Batch-level activity
C. Product-level activity
D. Organization-sustaining activity
Answer:
Option C (Product-level activity) will be the correct choice.
Explanation:
Action being taken to encourage a single component as well as practice is a product-level practice or activity. These acts shall be taken regardless of the quantities of manufacture or perhaps the quantity of operation connected with the commodity.
Examples of product-level tasks are as continues to follow:
The expense of the business analyst again for commodity. The expense of developing a product. Cost to produce the packaging of the items.The other options really aren't connected to the circumstance in question. But the above solution seems to be the correct one.
As part of developing your company's marketing strategy, you are tasked with analyzing the new-product capabilities, channel strength, advertising abilities, service capabilities, marketing research abilities, and market and consumer knowledge. Which aspect of your company's capabilities are you assessing
Answer:
Marketing Skills
Explanation:
Marketing skills refer to the tact to create the market for the product or service, which involves various activities as like:
Analysing the market, analysing the customer needs, knowing the customer tendency and spending capacity, etc:
In the given instance, all the factors disclosed are related to marketing skills.
With all the factors and knowledge the company aims to gain maximum customer satisfaction and reach maximum potential customers.
You bought 600 shares of stock at 24.20 each. At the end of year you received a total of $720 in dividends and your stock was worth a total of $15,678. What was your total dollar capital gain and total dollar return.
Answer:
Total dollar capital gain= 1,158
Total dollar return= $1,878
Explanation:
600 shares is bought at $24.20 each
At the end of the year $720 is received as dividend
The stock is worth a total of $15,678
The total dollar capital gain can be calculated as follows
=$15,678-600×24.20
= 15,678-14,520
= 1,158
The total dollar return can be calculated as follows
=720+15,678-600×24.20
= 16,398-14,520
= $1,878
Hence the total dollar capital gain is 1158 and the total dollar return is $1,878
The Thomlin Company forecasts that total overhead for the current year will be $11,100,000 with 160,000 total machine hours. Year to date, the actual overhead is $7,950,000 and the actual machine hours are 81,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 11,100,000/160,000
Predetermined manufacturing overhead rate= $69.375 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 69.375*81,000
Allocated MOH= $5,619,375
Finally, we can determine the under/over allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 7,950,000 - 5,619,375
Under/over applied overhead= $2,330,625 underallocated
State two benefits a country may gain from immigration.
Answer:
A country can gain from immigration when immigration is controlled so that immigrants contribute to society. If the immigrants have needed skills and come in appropriate numbers this is good for the country. Also by getting people from all over, they will benefit by having a much richer culture.
Explanation:
Answer:
Immigration can give substantial economic benefits – a more flexible labour market, greater skills base, increased demand and a greater diversity of innovation. However, immigration is also controversial. It is argued immigration can cause issues of overcrowding, congestion, and extra pressure on public services.
Explanation:
Individual employees have little influence over ethical expectations and behavior.a. Trueb. False
Answer:
False.
Explanation:
In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.
Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.
Your uncle has said that if you agree to finish college he will give you equal payments of $1,500 at the end of each year for the next nine years. If the annual interest rate stays constant at 6%, what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.
Answer:
PV= $10,202.54
Explanation:
Giving the following information:
Cash flow= $1,500
Number of periods= 9 years
Interest rate= 6%
First, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {1,500*[(1.06^9) - 1]} / 0.06
FV= $17,236.97
Now, the present value:
PV= FV/(1+i)^n
PV= 17,236.97/(1.06^9)
PV= $10,202.54
Ordonez Lumber Yard has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Receivables turnover times What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in receivables days How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection period days
Answer:
Receivables turnover= Sales/ Accounts Receivables
Receivables turnover= $9,358,610 / $442,016
Receivables turnover= 21.173 times
Days' sales in receivables= 365 days/ Receivables turnover
Days' sales in receivables= 365 days/ 21.173 times
Days' sales in receivables= 17.239 days
Average collection period= Days' sales in receivables = 17.239 days
The Nelson Company has $1,522,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $395,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2? Do not round intermediate calculations. Round your answer to the nearest dollar.
Answer:
$308,750
Explanation:
Current ratio = Current asset / Current liabilities
To get the short term debt increase, to the value of current assets and current liabilities, an amount must be added whereas the result must be 2.2
1,522,500 + y / 525,000 + y = 2.2
1,522,500 + y = 2.2 × (525,000 + y)
1,525,500 + y = 1,155,000 + 2.2y
1,525,500 - 1,155,000 = 2.2y - y
370,500 = 1.2y
y = 370,500 / 1.2
y = 308,750
It therefore means that the maximum amount that should be borrowed to purchase the inventory is $308,750
The rising income gap among highly educated workers in the United States:_____.
a. has not been a cause of concern for income inequality policy makers.b. has been present for the past 80 years.c. is an important feature of the increase in income inequality.d. is less of a concern than the effect of increased immigration on income inequality.
Answer:
c. is an important feature of the increase in income inequality
Explanation:
Income inequality measures how unevenly income is distributed throughout a population.
At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,620. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer:
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
Explanation:
Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:
Preparation of Journal entry
Dec. 31
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $100,000, paid taxes of $21,000, and its depreciation expense was $13,000; FIN340 Company's gross fixed assets increased by $60,000 from 2017 to 2018. The firm's current assets increased by $15,000 and spontaneous current liabilities increased by $19,000 - What is FIN340 Company's free cash flow in 2018
Answer:
FIN340 company cash flow for 2018 is $28,000
Explanation:
Firstly, we will calculate NOPART
NOPART = EBIT ( 1 - Tax rate )
= $100,000 ( 1 - 21% )
= $100,000 ( 1 - 0.21 )
= $79,000
Next to be calculated is Operating cash flow(OCF) for 2018.
OCF = NOPART + depreciation
OCF = $79,000 + $13,000
OCF = $92,000
We will also calculate investment in operating capital(IOC) for 2018.
IOC = Change in gross fixed assets + Change in net operating working capital
= $60,000 + ( $19,000 - $15,000 )
= $60,000 + $4,000
= $64,000
Therefore,
FIN340 company free cash flow(FCF) for 2018 would be ;
FCF = Operating cash flow - Investment in operating capital
FCF = $92,000 - $64,000
FCF = $28,000
What type of engineer is Leila in the following scenario?
Leila has a terrific idea for designing a toaster that butters the bread.
electrical engineer
O civil engineer
hardware engineer
manufacturing engineer
Answer:
Electrical Engineer
Explanation:
An electrical engineer creates and alters products that rely on electricity as their main power source(like a toaster), aswell as working on electrical systems like you and I have in our house.
Answer:
Electrical Engineer
Explanation:
An electrical engineer creates and alters products that rely on electricity as their main power source(like a toaster), aswell as working on electrical systems like you and I have in our house.
A taxpayer, age 64, purchases an annuity from an insurance company for $64,000. She is to receive $533 per month for life. Her life expectancy is 20.8 years from the annuity starting date. Assuming that she receives $6,400 this year, what is the exclusion percentage, and how much is included in her gross income?
Answer:
Exclusion percentage = 48.10
$3321.6 IS included in her gross income
Explanation:
Exclusion Percentage = Investment in Total /(Payments made * Life Expectancy *Total months in a year)
Exclusion Percentage = $64,000 / ($533 * 20.8 *12)
Exclusion Percentage = 0.4810
= 48.10%
The Included in income amount can be calculated using the following formula:
Included in Income = (Received amount - Return on Capital)
& Return on Capital = ( Received amount * Exclusion percentage)
When ROC = $6,400 * 0.4810 = $3078.4
Hence, Included in income = $6,400 - $3078.4 = $3,321.6
A higher interest rate (discount rate) would:________
A) Reduce the price of corporate bonds.
B) Reduce the price of preferred stock.
C) Reduce the price of common stock.
D) all of the above.
Answer: C) Reduce the price of common stock.
Explanation:
A Rise in interest rates would tend to contradict the economy. Because Everyone cuts back on thier spending because there is less money to spend. This results in earnings falling or dropping, next affected are stock prices. Conversely, when rates drops everyone has more money to spend and earnings tend to rise along with prices.
Eaton Tool Company has fixed costs of $340,400, sells its units for $80, and has variable costs of $43 per unit. a. Compute the break-even point. b. Ms. Eaton comes up with a new plan to cut fixed costs to $270,000. However, more labor will now be required, which will increase variable costs per unit to $46. The sales price will remain at $80. What is the new break-even point? (Round your answer to the nearest whole number.)
Answer and Explanation:
The computation is shown below:
But before reaching to the final answers, first determine the contribution margin per unit which is
a. Contribution margin per unit =Sales-Variable cost
= $80 - $43
= $37 per unit
Now
Breakeven = Fixed expenses ÷ Contribution margin
= $340,400 ÷ $37
= 9,200 units
b.Contribution margin = Sales - Variable cost
= $80 - $46
= $34 per unit
Now
New Breakeven = Fixed expenses ÷ Contribution margin
= $270,000 ÷ 34
= 7,941 units
Andre, a commercial real estate developer, has been described as having “the gift of gab.” To which personality category does Andre likely belong? social artistic enterprising investigative realistic
Answer:
enterprising
Explanation:
Which of the following is shown on the indirect method statement of cash flows but not the direct method statement of cash flows? Select one: a. 10% Stock Dividend b. Dividends Paid c. Amortization of Premium on Bonds Payable d. Proceeds from Sale of Fixed Asset e. Purchase of Treasury Stock
Answer:
c. Amortization of Premium on Bonds
Explanation:
Under the indirect method statement of cash flows, net income is taken as base and then adjusted for various non cash items like depreciation and amortization etc, whereas under direct method of statement of cash flows only the cash transactions i.e. cash receipts and cash expenses are considered. Hence Since option C is only the non cash item in this question is shown on the indirect method and all the other options i.e. a,b,d and e being cash items are shown under both the methods of cash flows.
Five material requisitions (MR) forms were received by the materials storeroom of the Tarjee, Inc. during the first week of September. MR101 was for $280 of direct materials for job number 1501. MR102 was for $550 of direct materials for job number 1502. MR103 was for $130 of indirect materials issued to the factory floor. MR 104 was for $420 of direct materials issued to job number 1501. MR105 was for $530 of direct materials issued to job number 1503. Prepare summary journal entries to record the issuance of these materials. (Hint: There should be a separate journal entry for direct and indirect materials.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer and Explanation:
The journal entries are shown below:
1. Work in process inventory Dr ($280 + $550 + $420 + $530) $1,780
To Raw material inventory $1,780
(Being direct material used is recorded)
For recording this work in process is debited as it increased the assets and credited the raw material as it decreased the assets
2. Manufacturing overhead Dr $130
To Raw material inventory $130
(Being indirect material used is recorded)
For recording this the manufacturing overhead account is debited and credited the raw material as it decreased the assets
Explain which expenditure category of GDP changes and the direction of the change that results for each transaction described. a. A domestic business purchases a domestically produced computer to use in a business office. b. A domestic business produces a computer that is sold to a foreign company. c. The federal government purchases a domestically produced computer to use in a court house. d. A domestic household purchases a domestically produced computer to use in a home. e. A domestic household purchases a computer produced in a foreign country to use in a home.
Answer:
Investment spending increases
b. Net export increases
c. Government spending increases
d. consumption spending increases
e. consumption spending increases
net export decreases
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
A domestic business purchases a domestically produced computer to use in a business office increases business inventory.
The purchase of a computer by a foreign company increases export. export is a positive function of net export, so net export increases
The government's purchase increases government spending
The purchase of a computer is a durable purchase by households. This increases consumption spending
Also, the purchase of a computer from a foreign country is an import Import is a negative function of net export. so net export reduces
The financial value of all the welfare and commodities manufactured in a country during a definite period is called gross domestic product (GDP).
The answers are:
a. A domestic business purchases a domestically produced computer to use in a business office: Investment spending rises
It raises the business inventory as they are buying the goods.b. A domestic business produces a computer that is sold to a foreign company: Net export raises.
Exportation is a positive determinant in GDP and the acquisition of domestically manufactured goods globally will raise the GDP.c. The federal government purchases a domestically produced computer to use in a courthouse: Government spending rises.
Buying was done by the government so that their spending will raise.d. A domestic household purchases a domestically produced computer to use in a home: increment in consumption spending.
The possession of the system by a household will raise its spending.e. A domestic household purchases a computer produced in a foreign country to use in a home: consumption spending increases and net export decreases.
The buying of systems from a foreign country will raise the imports and spending hence reducing the export.To learn more about GDP follow the link:
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As businesses have become more dependent on information systems, they have faced a(n): decrease in the number and severity of security threats. increase in the number and severity of security threats. decrease in the number of security threats, but an increase in their severity. increase in the number of security threats, but a decrease in their severity.
Answer: increase in the number and severity of security threats.
Explanation: An increase in the number and severity of security threats can be directly linked to the increasing dependency of businesses on information systems which are used in turning raw data into useful information for decision making in businesses. They are designed to support a particular process within an organization or to carry out very specific analysis. The increase in the number and severity of security threats which target these data for nefarious purposes has led to businesses struggling to hire enough qualified professionals to safeguard against the growing threat. Hence, a strong, smart digital workforce is essential to combat the more frequent, more sophisticated threats emanating from across governments, businesses and organizations.
Which is the first step in creating a personal plan for managing stress?
The first step in creating a personal plan for managing stress is to identify whether an individual is stressed or not.
What is stress?A state of physical or mental tension is defined as stress. It might be triggered by any occurrence or concept that makes you unhappy, angry, or nervous.
Stress is your body's natural response to a challenge or demand. Stress may be advantageous in short bursts, such as when you need to avoid danger or meet a deadline.
The first to manage the stress is to determine whether or whether you are stressed, Then Determine your source of stress.
Thirdly, figure out the source of the stressor. Lastly, Establish and implement an effective stress management approach.
Therefore, it can be concluded that stress management can be done through analyzing the stress.
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Most all people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a "Made in China" tag. The U.S. has long criticized Beijing’s policymakers of keeping the Yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets. Explain how China has been able to devalue their currency, the more specific the better.
Answer:
China is a formerly communist country that has adopted several capitalistic reforms in the last decades, but all of the country's powers are still held by the communist party and its leader, in this case Xi Jinping.
In China, if you oppose the government, your life is at risk, and a very serious risk. The government does basically what it wants and there is no independent monetary authority. The central bank of China simply does what the communist party's leaders tells them to do. On the contrary, institutions like the FED of the European Central Bank are autonomous and they can act freely.
Everything in China is under government control and that includes commercial and investment banks, factories, etc. Since the government focuses on exporting goods, it will artificially keep the yuan undervalued because they simply can do it and no one can do anything about it. There is no such thing as a free currency exchange market in China.
John Maynard Keynes supported economics policies that?
A). encouraged businesses to maximize their productivity.
B). protected citizens during periods of economic difficulty .
C). removed the government from most economic decisions.
D). led to workers collectively owning all factories and land.
John Maynard Keynes supported economics policies that "Protected citizens during periods of economic difficulty
Option (b) is correct
John Maynard Keynes was a leading economist of the 20th century who advocated for government intervention in the economy to mitigate the effects of economic downturns. He believed that government spending during periods of economic hardship could stimulate demand and prevent unemployment. This idea is known as Keynesian economics.
Keynes argued that government spending on public works projects and social programs during times of economic recession could create jobs and increase demand for goods and services, which would, in turn, help to stimulate economic growth. He also believed that governments should use monetary policy tools, such as lowering interest rates, to encourage borrowing and investment during economic downturns.
John Maynard Keynes supported economic policies that aimed to protect citizens during periods of economic difficulty by advocating for government intervention to stimulate demand and prevent unemployment.
Therefore the correct answer is (b)
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Henry Ford had a big influence in what era
Answer:
Production Era
Explanation:
Asia trippin
Alternating periods of economic expansion and recession are known as the:_______.
A) Fisher effect.
B) business cycle.
C) market risk.
D) systematics.
Which Worker is commonly employed by the government?
A. Factory Supervisor
B. Agricultural Inspector
C. Cleaning Worker
D. Slaughterhouse Butcher
ANSWER is B: Agricultural Inspector
Answer:
B
Explanation:
Answer:
the answer is b
Explanation:
