The total cost of the 17,600 units finished is $115,817. Therefore, Option D is the appropriate option.
How to Solve the Problem?To reckon the total cost of the 17,600 units done, we need to feel the costs of materials, labor, and overhead.
First, calculate the cost apiece for materials, labor, and overhead:
Cost apiece for fabrics = Cost of materials secondhand / Units done
Cost per unit for fabrics = $56,420 / 17,600
Cost apiece for materials ≈ $3.20
Next, calculate the cost apiece for labor and overhead:
Cost apiece for labor and overhead = Total labor and overhead costs / Units done
Cost per unit for labor and overhead = $59,365 / 17,600
Cost apiece for labor and overhead ≈ $3.37
Now, we can reckon the total cost of the 17,600 wholes finished:
Total cost of parts finished = (Cost for one for materials + Cost for one for labor and overhead) * Parts finished
Total cost of wholes finished = ($3.20 + $3.37) * 17,600
Total cost of wholes finished = $6.57 * 17,600
Total cost of parts done ≈ $115,632
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the process of taking a new technology from the laboratory to the marketplace is called
The process of taking a new technology from the laboratory to the marketplace is called Technology transfer.
Technology transfer is the flow of information from one organization to another, or from one use to another, including data, designs, ideas, materials, software, technical expertise, and trade secrets. The rules, practices, and principles of each organization engaged in the process serve as a guidance for the technology transfer process.
Technology transfer, also known as transfer of technology, is the official or informal sharing of skills, information, technologies, manufacturing techniques, and other things between universities, enterprises, and governments. This kind of information transmission makes it possible for scientific and technical advancements to reach a broader audience of consumers, who may subsequently contribute to its development or use it.
Option B is the correct answer.
The correct question is, "The process of taking a new technology from the laboratory to the marketplace is called _____.
A. Basic R&D
B. Technology transfer
C. Technological competence
D. Product R&D
E. Process R&D"
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you are considering the purchase of one of two machines used in your manufacturing plant. machine a has a life of two years, costs $95 initially, and then $140 per year in maintenance costs. machine b costs $165 initially, has a life of three years, and requires $115 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. the discount rate is 12 percent and the tax rate is zero. calculate the eac
The Equivalent Annual Cost (EAC) for machine A is $165.81, and for machine B is $146.94.
To calculate the Equivalent Annual Cost (EAC) for each machine, we need to consider the initial cost, maintenance costs, and replacement costs over the machine's life. The EAC represents the annual cost of owning and operating the machine, taking into account the time value of money. Here's how to calculate the EAC for each machine:
Machine A:
Initial cost: $95
Maintenance cost per year: $140
Life of the machine: 2 years
To calculate the EAC for machine A, to calculate the present value of the costs over its life the discount rate of 12 percent.
Year 0:
Initial cost: $95 (already paid)
Year 1:
Maintenance cost: $140
Present value of maintenance cost in Year 1: $140 / (1 + 0.12) = $125
Year 2:
Maintenance cost: $140
Present value of maintenance cost in Year 2: $140 / (1 + 0.12)^2 = $111.61
Total present value of costs for machine A: $95 + $125 + $111.61 = $331.61
EAC for machine A: $331.61 / 2 = $165.81
Machine B:
Initial cost: $165
Maintenance cost per year: $115
Life of the machine: 3 years
The present value of costs for machine B.
Year 0:
Initial cost: $165 (already paid)
Year 1:
Maintenance cost: $115
Present value of maintenance cost in Year 1: $115 / (1 + 0.12) = $102.68
Year 2:
Maintenance cost: $115
Present value of maintenance cost in Year 2: $115 / (1 + 0.12)^2 = $91.54
Year 3:
Maintenance cost: $115
Present value of maintenance cost in Year 3: $115 / (1 + 0.12)²3 = $81.59
Total present value of costs for machine B: $165 + $102.68 + $91.54 + $81.59 = $440.81
EAC for machine B: $440.81 / 3 = $146.94
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the last dividend on riverhawk corporation's common stock was $4.50, and the expected constant growth rate is 10 percent. if you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
The highest price you should be willing to pay for this stock is $45. To calculate the highest price you should be willing to pay for this stock, we need to use the dividend discount model formula, which is: Stock price = Dividend / (Required rate of return - Growth rate)
In this case, the last dividend on Riverhawk Corporation's common stock was $4.50, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, we can plug these numbers into the formula:
Stock price = $4.50 / (20% - 10%)
Stock price = $4.50 / 10%
Stock price = $45
Therefore, the highest price you should be willing to pay for this stock is $45. Keep in mind that this is assuming the expected constant growth rate of 10 percent remains constant and that the company will continue to pay the same dividend. If the growth rate or dividend changes, the stock price may also change.
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canal industries has provided the following information: net income, $200,000 preferred shares issued, 5,600 weighted average number of shares of common stock issued, 23,600 cash dividends declared and paid on common stock, $26,000 market price per share, $32 weighted average number of treasury shares of common stock, 3,600 what is canal's price/earnings ratio?
Canal Industries' price/earnings (P/E) ratio can be calculated by dividing the market price per share by the earnings per share (EPS).
First, we need to calculate the EPS by subtracting the preferred dividends from the net income and then dividing by the weighted average number of shares of common stock issued.
Net income - Preferred dividends = $200,000 - $0 = $200,000
EPS = ($200,000) / (23,600 - 0 + 3,600) = $200,000 / 27,200 = $7.35 per share
Next, we can calculate the P/E ratio by dividing the market price per share by the EPS:
P/E ratio = Market price per share / EPS = $32 / $7.35 = 4.35
Therefore, Canal Industries' P/E ratio is 4.35.
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the change in purchasing power brought about by a change in real wealth that results from a change in the price level is thea. consumption effectb. money supply effect c. real wealth effectd. interest rate effect
When the price level increases, the real value of wealth decreases, which leads to a decrease in purchasing power. On the other hand, when the price level decreases, the real value of wealth increases, leading to an increase in purchasing power.
This effect is important in understanding how changes in the economy, such as inflation or deflation, affect consumers' ability to purchase goods and services. Therefore, the real wealth effect plays a crucial role in the overall health of an economy.
The correct answer is c. real wealth effect. The real wealth effect refers to the change in purchasing power that results from a change in the price level.
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When it comes to gathering market research on customers, most small companies tend to be _____.
A) as good at it as large companies
B) at a severe disadvantage in comparison to large companies
C) data rich, lots of facts, but information poor, little in a useful form
D) less effective at defining the research problem than larger companies
When it comes to gathering market research on customers, small companies tend to be at a severe disadvantage in comparison to larger companies. The correct answer is option B.
This is because large companies have more resources to dedicate to market research and often have specialized teams or departments devoted to this task. Small companies may not have the same level of expertise or access to the same data and tools that larger companies do.
Furthermore, small companies may struggle with turning their data into useful insights. They may be data rich, with lots of facts and figures, but information poor in terms of having little in a useful form. Small companies may not have the same analytical capabilities or knowledge of how to interpret and act on the information they collect.
Despite these challenges, small companies can still gather valuable market research on their customers. They can focus on gathering qualitative feedback through surveys, interviews, or focus groups. They can also leverage social media to monitor customer conversations and gather insights on their preferences and behaviors.
By taking a targeted approach to their research and focusing on their core customer base, small companies can still gain valuable insights that can inform their business decisions and help them compete with larger companies.
Therefore, the right answer is option B.
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the asset demand for money is downsloping because multiple choice the opportunity cost of holding money increases as the interest rate rises. it is more attractive to hold money at high interest rates than at low interest rates. bond prices rise as interest rates rise. the opportunity cost of holding money declines as the interest rate rises. g
The asset demand for money is downsloping because the opportunity cost of holding money increases as the interest rate rises.
The right response is: The open door cost of holding cash increments as the loan fee rises.
The resource interest for cash alludes to the craving of people and organizations to hold cash as a resource as opposed to different types of resources, like bonds or stocks. The resource interest for cash is downsloping in view of the open door cost of holding cash.
At the point when the loan fee rises, the open door cost of holding cash increments. This implies that holding cash turns out to be less appealing contrasted with other premium acquiring resources, for example, securities or investment accounts. As the loan cost rises, people and organizations have an impetus to put resources into these higher-yielding resources as opposed to clutching cash.
The downsloping idea of the resource interest for cash mirrors the reverse connection between the loan cost and the interest for cash as a resource. At the point when loan fees are high, the open door cost of holding cash is high, prompting a lower interest for cash as people and organizations decide to put resources into different resources that proposition better returns.
In outline, the resource interest for cash is downsloping in light of the fact that the open door cost of holding cash increments as the loan fee rises, making other premium procuring resources more alluring.
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Which of the following is an argument used to support corporate social responsibility (CSR)? a. The free market, not companies, should decide what is best for the world. b. CSR can be a profitable undertaking. c. Businesses are not responsible for social or environmental problems. d. Businesses don't have the expertise to make social decisions. e. All of the above are arguments used in support of CSR.
The correct answer is b. CSR can be a profitable undertaking.While there may be proponents who argue for each of the options mentioned.
The argument commonly used to support corporate social responsibility (CSR) is that it can be a profitable undertaking for businesses.
CSR initiatives can lead to various benefits, such as enhanced brand reputation, increased customer loyalty, improved employee morale and productivity, and access to new markets.
By incorporating social and environmental considerations into their strategies, businesses can not only make a positive impact on society but also generate long-term financial value.
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what component of the profit equation should be set equal to zero to find the breakeven point?
By setting the net profit to zero, you can identify the point at which your revenues are equal to your costs, and this is the breakeven point. This helps businesses determine how much they need to sell or produce to cover their costs without incurring a loss.
To find the breakeven point, you should set the "net profit" component of the profit equation equal to zero.
1. The profit equation can be expressed as: Profit = Revenue - Costs
2. The breakeven point is the level of production where there is no profit or loss, meaning the profit is equal to zero.
3. To find the breakeven point, set the profit component of the equation to zero: 0 = Revenue - Costs
4. You can now solve the equation for the desired variable (e.g., production level, price, or quantity) to determine the breakeven point.
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if mr. choe charged $200 on his credit card with 18% apr and he paid his balance in full within the grace period, how much was he required to pay? group of answer choices $200.00 $18.00 $3.00 $236.00 $182.00
If Mr. Choe charged $200 on his credit card with 18% APR and he paid his balance in full within the grace period, he was required to pay $200.00. Option a is correct.
If Mr. Choe charged $200 on his credit card with an 18% APR (Annual Percentage Rate) and paid his balance in full within the grace period, he would not be required to pay any interest.
The APR of 18% is an annual rate, which means it would only apply if Mr. Choe carried the balance beyond the grace period and did not pay it off in full. Since he paid his balance in full within the grace period, he would only need to pay the amount he charged, which is $200.
Therefore, the correct answer is $200.00. Option a.
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if you have reached the upper limit of debt obligations, your debt-to-equity ratio is about
If you have reached the upper limit of debt obligations, it typically means that your debt-to-equity ratio is high. This ratio is calculated by dividing total debt by total equity. A high debt-to-equity ratio signifies that a company or individual has a significant amount of debt relative to the equity they hold, which can be an indicator of financial risk.
Step 1: Identify the total debt obligations, which includes all outstanding debts, loans, and other financial obligations.
Step 2: Identify the total equity, which represents the value of the ownership interests in a company or assets minus liabilities for an individual.
Step 3: Calculate the debt-to-equity ratio by dividing the total debt by total equity.
The actual ratio will vary depending on the specific financial situation, but reaching the upper limit of debt obligations typically corresponds to a high debt-to-equity ratio, indicating financial risk.
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If an inexpensive alternative to oil were found, the price of oil adjusted for inflation:
a. would decline as the alternative would reduce the demand for oil
b. would decline as the alternative would reduce the supply of oil
c. would increase as the alternative would increase the demand for oil
d. would increase as the alternative would increase the supply of oil
The correct answer is A. If an inexpensive alternative to oil were found, the price of oil adjusted for inflation would decline as the alternative would reduce the demand for oil.
The discovery of an inexpensive alternative to oil would lead to a decrease in the demand for oil as consumers and industries would switch to the alternative. The reduction in demand for oil would lead to a decrease in its price adjusted for inflation, as there would be a surplus of oil in the market. The decrease in price would make it harder for oil companies to compete with the alternative, leading to further decreases in demand for oil.
However, it is important to note that the extent of the price decline would depend on the availability and affordability of the alternative to oil. If the alternative is not widely available or affordable, the price of oil may not decline as much. Additionally, other factors such as geopolitical events and changes in supply and demand for oil in different regions can also affect the price of oil.
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Commercial paper that is sold without the use of an actual paper certificate is known as Multiple Choice. a. dealer paper b. term paper. c. finance paper. d. book-entry paper.
Commercial paper that is sold without the use of an actual paper certificate is known as book-entry paper.
This type of commercial paper is registered electronically, and the ownership is tracked through an automated system. Book-entry paper offers several advantages over traditional paper certificates. First, it is more efficient and cost-effective to manage since it eliminates the need for physical certificates, which can be lost, stolen, or damaged. Second, it is faster to transfer ownership since it can be done electronically, which is particularly important for large transactions. Finally, book-entry paper is considered more secure since it is less vulnerable to fraud and counterfeiting. Book-entry paper is commonly used in the financial markets, particularly for short-term debt instruments such as commercial paper. Commercial paper is a type of unsecured promissory note issued by corporations to finance their short-term funding needs. It is typically sold to institutional investors, such as banks, mutual funds, and pension funds, and has a maturity of 270 days or less. Commercial paper is a popular investment because it offers a relatively high yield and low credit risk compared to other short-term investments.
In conclusion, book-entry paper is a type of commercial paper that is sold without an actual paper certificate. It is registered electronically, making it more efficient, faster, and more secure than traditional paper certificates. Book-entry paper is commonly used in the financial markets, particularly for short-term debt instruments such as commercial paper, which is a popular investment among institutional investors due to its high yield and low credit risk.
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The idea that people will pay extra for "quality" and status is the idea behind
A. price lining.
B. average cost approaches to pricing.
C. penetration skimming.
D. prestige pricing.
E. psychological pricing.
D. prestige pricing. The idea that people will pay extra for "quality" and status is the idea behind prestige pricing.
Prestige pricing is a strategy that involves setting high prices for products or services to give the impression of high quality and exclusivity. This pricing strategy is based on the belief that consumers are willing to pay more for products or services that are associated with high status or prestige. The strategy is often used for luxury goods or high-end services such as designer clothing, fine dining, and luxury cars. By setting high prices, companies can create a perception of exclusivity and high quality, which can attract consumers who are willing to pay a premium for such products or services. Prestige pricing is a common strategy in industries such as fashion, jewelry, and luxury travel.
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Which of the following is a true statement about the Four Ps of the marketing mix?
A) A decision about one of the Ps affects every other marketing-mix decision.
B) Price is always the most important of the Four Ps.
C) Place is typically the least important of the Four Ps.
D) The Four Ps have little effect on a product's market position.
E) The Four Ps are used to determine a product's target market.
Answer:
A) A decision about one of the Ps affects every other marketing-mix decision is a true statement about the Four Ps of the marketing mix.
This means that the various elements of the marketing mix are interconnected, and a decision about one element will inevitably affect the others.
For example, a decision to lower the price of a product may require a change in the product's promotion or distribution strategy to ensure that the new price point is communicated effectively to consumers.
B) Price is always the most important of the Four Ps is not a true statement. While price is certainly an important element of the marketing mix, it is not always the most important.
The relative importance of each of the Four Ps will vary depending on the product and the market in question.
C) Place is typically the least important of the Four Ps is not a true statement. The importance of the place element, also known as distribution, will depend on the product and the target market.
In some cases, having a strong distribution network may be critical to the success of the product.
D) The Four Ps have little effect on a product's market position is not a true statement.
The Four Ps are key factors that influence a product's market position. By making strategic decisions about product, price, promotion, and distribution, marketers can differentiate their products from competitors and position them effectively in the market.
E) The Four Ps are used to determine a product's target
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how much state income tax must be paid by a corporation that has $30,000 of federal taxable income? the company deducted $2,000 of state and local taxes on the federal return, and had $2,000 of qualified worker retraining expenses. the corporation does business only in virginia.
The corporation must pay $1,800 of state income tax to Virginia.
To calculate the state income tax that must be paid by the corporation, we need to know the tax rate for corporations in Virginia.
As of 2021, the corporate income tax rate in Virginia is a flat rate of 6%. So, if the corporation has $30,000 of federal taxable income, its state income tax liability would be:
State taxable income = Federal taxable income - State and local tax deduction + Qualified worker retraining expenses
State taxable income = $30,000 - $2,000 + $2,000
State taxable income = $30,000
State income tax liability = State taxable income x State income tax rate
State income tax liability = $30,000 x 6%
State income tax liability = $1,800
Therefore, the corporation must pay $1,800 of state income tax to Virginia.
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The major company doing television ratings in the United States is which of the following? a. Time Warner b. Nielsen Media Research c. SRI Consulting d. DBS
The major company doing television ratings in the United States is "Nielsen Media Research." Nielsen is a global measurement and data analytics company that provides insights into what consumers watch and buy. They measure television and digital media audiences, as well as consumer behavior and engagement across various platforms.
Nielsen's ratings are used by networks, advertisers, and media buyers to make informed decisions about programming and advertising strategies. Nielsen's methodology involves tracking a representative sample of households that have agreed to participate in the ratings process. The data collected from these households is used to estimate viewership and provide audience demographics. Nielsen's ratings are considered the industry standard in the United States and are closely watched by media executives and investors.
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the vast majority of companies compete on what basis? a. end-to-end cx. b. product quality. c. all of these are correct. d. product benefits.
The vast majority of companies compete on an end-to-end cx basis. Thus, the correct option is "A".
The customer experience (CX) refers to how a company interacts with its customers throughout their purchasing journey, from marketing to sales to customer support and everything in between.
CX refers to everything an organization undertakes to provide outstanding customer experiences, value, and growth. And it's critical in an age where how a company serves its consumers is as essential as, if not more important than, the products and services it offers.
The customer experience (CX) is the primary differentiator for 89% of firms.
Therefore, the correct option is "A".
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in eugene, oregon, next year there is a 2% chance of an earthquake severe enough to destroy all buildings and personal property. quincy, who has $3,000,000 in buildings and personal property, has the opportunity to purchase complete earthquake insurance. which is true? group of answer choices if quincy buys earthquake insurance, and an earthquake does not occur, he will have received no utility from the transaction. quincy should be willing and able to pay up to $3,000,000 for earthquake insurance. quincy should not purchase earthquake insurance unless he can get it for less than $60,000, because that's all he could possibly lose in an earthquake. what quincy is willing to pay for the earthquake insurance depends upon his degree of risk aversion.
The probability of an earthquake severe enough to destroy all buildings and personal property in Eugene, Oregon, is 2%. Quincy has $3,000,000 in buildings and personal property and is considering purchasing complete earthquake insurance.
Option A: If Quincy buys earthquake insurance and an earthquake does not occur, he will have received no utility from the transaction.
This statement is true. If an earthquake does not occur, Quincy will not experience any loss, and the insurance policy will not provide any utility.
Option B: Quincy should be willing and able to pay up to $3,000,000 for earthquake insurance.
This statement is not necessarily true. The cost of the insurance policy should be based on the expected value of the loss (i.e., the probability of an earthquake multiplied by the potential loss). If the cost of the insurance policy is greater than the expected loss, Quincy may choose not to purchase the insurance.
Option C: Quincy should not purchase earthquake insurance unless he can get it for less than $60,000, because that's all he could possibly lose in an earthquake.
This statement is not necessarily true. While $60,000 may be the maximum potential loss Quincy faces in an earthquake, the expected loss is 2% of $3,000,000, which is $60,000. Therefore, if the cost of the insurance policy is less than $60,000, it may be beneficial for Quincy to purchase the insurance.
Option D: What Quincy is willing to pay for the earthquake insurance depends upon his degree of risk aversion.
This statement is true. Quincy's willingness to pay for earthquake insurance depends on his degree of risk aversion. A risk-averse individual would be willing to pay more for insurance than a risk-neutral or risk-seeking individual.
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an expatriate employee who works and lives in the country in which he was born and is employed at the satellite location of company is known as a(n)
An expatriate employee who works and lives in the country in which he was born and is employed at the satellite location of a company is known as a local expatriate.
Local expatriates are individuals who have the skills and knowledge needed by the company but are not required to relocate to a different country to fill a role.
They are still considered part of the expatriate community but may have different benefits and allowances compared to traditional expatriates who relocate internationally.
This may include lower relocation costs and a lower cost of living adjustment, but they may still receive other benefits such as language training and cultural integration support.
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which of the following statements is correct? a. group decision making is superior to individual decision making b. the nature of the decision determines the relative superiority of groups versus individuals c. individual decision making is superior to group decision making d. the superiority of group versus individual decision making is undetermined
The correct statement is the nature of the decision determines the relative superiority of groups versus individuals. Option b is correct.
The nature of the decision determines the relative superiority of groups versus individuals. The efficacy of group versus individual decision making is unclear and cannot be decided without first considering the choice's nature.
n certain situations, groups may outperform individuals in making choices, but in other cases, individuals may be more successful.
There is no universally appropriate type of decision-making, and the choice of a group or individual decision-making approach is determined by the nature of the decision. When there is a high degree of uncertainty or ambiguity about the correct decision, group decision making may be preferable. In certain situations, individual decision-making may be preferred.
Therefore, b is correct.
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successful company officers choose to see the challenges of the transition to the position as a(an):
Successful company officers view the challenges of transition to their position as opportunities for growth and development.
Successful company officers understand that transitioning to a new position brings a unique set of challenges, such as adjusting to new responsibilities, building relationships with team members, and adapting to a different work environment. They choose to see these challenges as opportunities for personal and professional growth, rather than obstacles. By embracing the challenges, they can develop new skills, gain valuable experience, and become more effective leaders.
This positive mindset enables them to navigate the transition more smoothly, adapt to their new role quickly, and ultimately, contribute to the success of the company. Additionally, by maintaining a proactive attitude, they can motivate and inspire their team members, fostering a productive and innovative work culture.
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(g) governmental funds report capital outlays as expenditures. in the statementof activities, the costs of capital assets are allocated over their useful lives as depreciation. the amount by which capital outlays in the current period exceeded depreciation is
The amount by which capital outlays in the current period exceeded depreciation in governmental funds is the difference between the total expenditures on capital assets and the allocated depreciation expense in the statement of activities.
1. Identify the total capital outlays (expenditures) in the governmental funds for the current period.
2. In the statement of activities, locate the depreciation expense that has been allocated for the capital assets over their useful lives.
3. Subtract the allocated depreciation expense from the total capital outlays to find the amount by which capital outlays in the current period exceeded depreciation.
In summary, the amount by which capital outlays in the current period exceeded depreciation is calculated by subtracting the allocated depreciation expense from the total capital outlays in the governmental funds.
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a firm wants to get their money back asap on a project. a) (5 pts) if the company's cost of capital is 10%, what is the discounted payback period on the following project: estimated cash flows: time 0 (today) -$24,000 year 1 $14,000 year 2 $13,000 year 3 $15,000 b) (2 pts) if the maximum allowable discounted payback is 1.5 years, should the company accept the project? show all work for full credit.
a) The discounted payback period is 2 years.
b) The company should not accept the project.
a) To calculate the discounted payback period, we need to determine when the cumulative discounted cash flows become positive. We discount each cash flow using the company's cost of capital of 10%:
Year 0:[tex]-$24,000[/tex] (initial investment)
Year 1: [tex]$14,000 / (1 + 0.10)[/tex]= [tex]$12,727.27[/tex]
Year 2: [tex]$13,000 / (1 + 0.10)^2[/tex] = [tex]$10,826.45[/tex]
Year 3:[tex]$15,000 / (1 + 0.10)^3[/tex] = [tex]$11,276.86[/tex]
The cumulative discounted cash flows are as follows:
Year 0:[tex]-$24,000[/tex]
Year 1: -$24,000 + $12,727.27 = -$11,272.73
Year 2: -$11,272.73 + $10,826.45 = -$445.28
Year 3: -$445.28 + $11,276.86 = $10,831.58
The discounted payback period occurs when the cumulative discounted cash flows turn positive, which happens at the end of Year 2. Therefore, the discounted payback period is 2 years.
b) Since the maximum allowable discounted payback is 1.5 years, and the actual discounted payback is 2 years, the company should not accept the project. The project takes longer to recoup the initial investment than the company's maximum allowed timeframe.
It indicates that the project's cash flows do not meet the firm's desired payback period criteria, so accepting the project may not align with the firm's objective of getting their money back as soon as possible.
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Honda and Toyota have used insourcing for years to produce cars in the United States. Insourcing:
A. helps offset the number of jobs being outsourced.
B. increases the number of jobs being outsourced.
C. damages the United States economy.
D. causes jobs to be lost to overseas competitors.
Insourcing helps offset the number of jobs being outsourced. Insourcing is the practice of bringing in-house activities that were previously outsourced to external companies.
In the case of Honda and Toyota, insourcing refers to the decision to produce cars in the United States rather than outsourcing the production to overseas manufacturers. This has the effect of creating jobs in the United States and reducing the number of jobs that are outsourced to other countries. While insourcing can be beneficial for the United States economy by creating jobs and promoting domestic production, it is not without its challenges. Companies must invest in infrastructure, equipment, and labor to support the insourcing process, and this can be costly and time-consuming. Additionally, insourcing can lead to increased competition and pressure on domestic manufacturers to remain competitive in the global market. Despite these challenges, insourcing is generally viewed as a positive development for the United States economy and for domestic job growth.
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In the context of seeking export opportunities, which of the following is true of large firms? A) They do not consider exporting until after their domestic market is saturated. B) They systematically scan foreign markets to see where the opportunities lie. C) They are intimidated by the complexities and mechanics of exporting to foreign countries. D) They hesitate to seek export
opportunities due to their bureaucratic nature. Option B) They systematically scan foreign markets to see where the opportunities lie is true of large firms in the context of seeking export opportunities.
Large firms typically have more resources and capabilities to engage in international business than small firms. They often conduct extensive market research and analysis to identify potential export markets and evaluate their attractiveness. This allows them to make informed decisions about which markets to enter and how to position their products or services.
Additionally, large firms may have dedicated export departments or personnel with specialized knowledge and experience in international trade, which enables them to navigate the complexities of exporting to foreign countries more effectively. Overall, large firms tend to be more proactive and strategic in seeking out and pursuing export opportunities than small firms.
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in organizations that implement scrum, what is the responsibility of the management team?
In organizations that implement Scrum, the management team plays a crucial role in supporting the Scrum framework and ensuring its successful execution.
Their primary responsibilities include:
1. Fostering a supportive environment: Management should create a culture that encourages collaboration, open communication, and trust among team members.
2. Providing resources: It is the management's responsibility to ensure the necessary resources, such as personnel, tools, and budget, are available for the Scrum team to perform their tasks effectively.
3. Removing impediments: Management should proactively identify and resolve any obstacles or roadblocks that may hinder the Scrum team's progress.
4. Empowering the Scrum team: The management team should give the Scrum team autonomy and authority to make decisions and manage their own work, promoting self-organization.
5. Encouraging continuous improvement: Management should support the Scrum team's ongoing efforts to review and improve processes and practices, fostering a culture of learning and growth.
6. Aligning organizational goals: Management should ensure that the organization's goals and priorities align with the Scrum team's objectives, fostering a shared vision and focus.
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in order to be successful with a low-cost leadership strategy, company managers have to
In order to be successful with a low-cost leadership strategy, company managers have to:
Emphasize cost reduction: Managers must prioritize cost reduction throughout the organization. This involves identifying and eliminating inefficiencies, streamlining processes, negotiating favorable supplier contracts, and implementing cost-saving measures at every level.
Optimize operational efficiency: Managers need to focus on operational efficiency to maximize productivity and minimize waste. This includes improving production processes, supply chain management, inventory control, and logistics to eliminate unnecessary costs.
Invest in technology and automation: Adopting advanced technology and automation can help drive down costs by increasing production efficiency, reducing labor expenses, and improving overall operational effectiveness.
Maintain quality standards: While pursuing cost leadership, it's crucial to maintain acceptable quality standards. Managers should find ways to minimize costs without compromising product or service quality, as customers still expect value for their money.
Continuously monitor and analyze costs: Effective cost control requires ongoing monitoring and analysis of costs across different areas of the business. Managers should regularly review financial data, identify cost drivers, and seek opportunities for further cost reduction.
Foster a cost-conscious culture: Managers must instill a cost-conscious mindset and culture within the organization. This involves promoting cost awareness among employees, encouraging suggestions for cost-saving initiatives, and rewarding cost-saving efforts.
Stay competitive: It's essential to constantly monitor the competitive landscape and adapt to changes in the market. Managers should proactively respond to competitors' actions, price fluctuations, and customer demands to maintain a competitive edge in the low-cost leadership strategy.
Overall, successful implementation of a low-cost leadership strategy requires a combination of cost-conscious decision-making, operational excellence, continuous improvement, and a keen focus on delivering value to customers at a lower cost than competitors.
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proper management of sales, receivables, payables, and inventory form the basis of cash flow. True or False
True. Proper management of sales, receivables, payables, and inventory are critical to maintaining a healthy cash flow. Sales drive revenue, but managing accounts receivable and payables ensures that cash inflows and outflows are balanced.
This helps to prevent a cash flow shortage that could cause financial distress. Efficient inventory management ensures that enough products are available to meet customer demand, while minimizing the amount of cash tied up in excess inventory.
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hh electric reports the following information. direct labor rate$ 63per dlhnon-materials-related overhead$ 37per dlhmaterials-related overhead5%of direct materials costtarget profit margin (on both conversion and direct materials)20% a. compute the time charge per hour of direct labor.b. compute the materials markup percentage.c. what price should the company quote for a job requiring four direct labor hours and $624 in materials?
To compute the time charge per hour of direct labor, we need to add the direct labor rate and the non-materials-related overhead. Therefore, the time charge per hour of direct labor is $63 + $37 = $100 per direct labor hour (dlh).
To compute the materials markup percentage, we need to know the direct materials cost. Since the materials-related overhead is 5% of the direct materials cost, we can use the formula:
Materials-related overhead = 5% x Direct materials cost
Rearranging the formula, we can get:
Direct materials cost = Materials-related overhead / 5%
Substituting the given values, we get:
Direct materials cost = $624 / 5% = $12,480
Now, to compute the materials markup percentage, we can use the formula:
Materials markup percentage = (Target profit margin / 100%) x (Direct materials cost / Direct labor cost)
We know that the target profit margin is 20% on both conversion and direct materials, and the direct labor cost is $100 per dlh. Substituting these values, we get:
Materials markup percentage = (20% / 100%) x ($12,480 / $100) = 25.6%
Therefore, the materials markup percentage is 25.6%.
Detailed answer:
a. To compute the time charge per hour of direct labor, we need to add the direct labor rate and the non-materials-related overhead. The direct labor rate is given as $63 per dlh, and the non-materials-related overhead is given as $37 per dlh. Therefore, the time charge per hour of direct labor is:
Time charge per hour of direct labor = Direct labor rate + Non-materials-related overhead
= $63 + $37
= $100 per dlh
b. To compute the materials markup percentage, we need to know the direct materials cost. Since the materials-related overhead is 5% of the direct materials cost, we can use the formula:
Materials-related overhead = 5% x Direct materials cost
Rearranging the formula, we can get:
Direct materials cost = Materials-related overhead / 5%
Substituting the given value of materials-related overhead as $624, we get:
Direct materials cost = $624 / 5%
= $12,480
Now, to compute the materials markup percentage, we can use the formula:
Materials markup percentage = (Target profit margin / 100%) x (Direct materials cost / Direct labor cost)
We know that the target profit margin is 20% on both conversion and direct materials, and the direct labor cost is $100 per dlh. Substituting these values, we get:
Materials markup percentage = (20% / 100%) x ($12,480 / $100)
= 25.6%
Therefore, the materials markup percentage is 25.6%.
c. To compute the price that the company should quote for a job requiring four direct labor hours and $624 in materials, we can use the formula:
Price = Direct labor cost + Direct materials cost + Markup
We know that the direct labor cost for four dlh is $100 x 4 = $400. We also know that the direct materials cost is $624. Using the materials markup percentage of 25.6%, we can compute the markup as:
Markup = Materials markup percentage x Direct materials cost
= 25.6% x $624
= $160.06
Therefore, the price that the company should quote is:
Price = Direct labor cost + Direct materials cost + Markup
= $400 + $624 + $160.06
= $1,184.06
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