Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas. Choose the best response. Which of the following labels the main idea for the reader?
a. Janes needs to proofread the proposal and changes need to be made
b. First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal.

Answers

Answer 1

Answer:

Option b is correct.

Explanation:

The statement in option ''b" is the correct option for laying emphasis on the main idea and de-emphasizing the minor ideas, that is;

"First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal."

The above statement is a detailed one and shows the step by step instructions or requirements;

1." First, please make the changes to the SECOND SECTION of the proposal changes.''

The SECOND SECTION the writer mentioned lay emphasis on the second section of the proposal CHANGES AND NOT THE WHOLE.

2. "and then have Jane proofread the ENTIRE proposal"

The writer wants Jane to do the PROOFREADING of the ENTIRE proposal.


Related Questions

Suppose that the government implements expansionary fiscal policy that raises aggregate demand, but the policy is unanticipated. According to new classical theory, in the short run the price level would ____________ and Real GDP would ______________. In the long run, new classical theory would predict that the price level would ______________ compared to its original long-run equilibrium level and that Real GDP would ____________.

Answers

Answer:

Rise;rise;rise;remain unchanged.

Explanation:

The new classical theory also known as the neoclassical economic theory is one that repudiates and tends to restructure the John M. Keynes theory of macroeconomics, popularly referred to as the Keynesian Macroeconomics theory.

The new classical theory argues that efficient demand and supply is the most important feature or key behind the level of output, pricing, and consumption of goods and services by the people at a specific period of time in a country. Also, the new classical theory assumes that the wages of the employees in a country is flexible in contrast to the Keynesian macroeconomic theory.

Suppose that the government implements expansionary fiscal policy that raises aggregate demand, but the policy is unanticipated. According to new classical theory, in the short run the price level would rise and Real Gross Domestic Product (GDP) would rise. In the long run, new classical theory would predict that the price level would rise compared to its original long-run equilibrium level and that Real Gross Domestic Product (GDP) would remain unchanged.

Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had $84,000 of manufacturing overhead applied to it during May, the direct materials assigned to Job 17X was:

a. $63,000.
b. $84,000.
c. $112,000.
d. $147,00

Answers

Answer:

Direct material cost = $112,000

Explanation:

Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost

Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost

Applied overhead = OAR × direct material cost

Applied overhead = 75%  × direct material cost

Let direct material cost be represented by y

84,000= 75% × y

y = 84,000/75%= 112000

Direct material cost = $112,000

According to Keynesian business cycle​ theory, A. inflation is procyclical and leading. B. the procyclical movement of investment is well explained when shocks to durable goods are themselves a main source of the cycle​ (so-called "animal​ spirits"), but not when cycles are caused by fluctuations in the LM curve. C. beneficial aggregate demand​ shocks, regardless of whether they shift the IS curve or the LM​ curve, will increase both output and the real interest rate. D. the procyclical behavior of labor productivity occurs due to​ firms' labor hoarding practices.

Answers

Answer: D. the procyclical behavior of labor productivity occurs due to​ firms' labor hoarding practices.

Explanation:

Keynesian Economists argue that firms practice labor hoarding which is the practice of keeping workers when they should not such as when there is a Recession. They should not keep these workers because demand has slowed so keeping them means that they will not be producing to meet the demand.

The procyclical behavior of labor productivity means that labor productivity goes by the Business Cycle in that it is high when the Economy is booming and low when it is in a Recession.

Productivity is calculated by dividing goods produced by the number of labor producing them.

By refusing to fire workers during a Recession, there will be too many workers producing too few goods which will decrease labor productivity which is why according to Keynesian Economists, the productivity is low in Recessions.

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division’s return on investment (ROI), which has exceeded 23% each of the last three years. He has computed the cost and revenue estimates for each product as follows:
Product A Product B
Initial investment:
Cost of equipment
(zero salvage value) $290,000 $490,000
Annual revenues and costs:
Sales revenues $340,000 $440,000
Variable expenses $154,000 $206,000
Depreciation expense $58,000 $98,000
Fixed out-of-pocket
operating costs $79,000 $59,000
The company's discount rate is 16%.
Required:
1. Calculate the payback period for each product.
2. Calculate the net present value for each product.
3. Calculate the internal rate of return for each product.
4. Calculate the project profitability index for each product.
5. Calculate the simple rate of return for each product.
6A. For each measure, identify whether Product A or Product B is preferred.
6B. Based on the simple rate of return, Lou Barlow would likely:
1. Accept Product A
2. Accept Product B
3. Reject both products

Answers

Answer:

1. Calculate the payback period for each product.

A = 2.71 years, A is preferredB = 2.8 years

2. Calculate the net present value for each product.

A = $60,349B = $83,001, B is preferred

3. Calculate the internal rate of return for each product.

A = 25%, A is preferredB = 23%

4. Calculate the project profitability index for each product.

A = 121%, A is preferredB = 117%

5. Calculate the simple rate of return for each product.

A = 184%, A is ´preferred B = 179%

6B. Based on the simple rate of return, Lou Barlow would likely:

1. Accept Product A, since its IRR is 25% which exceeds the company's  minimum ROI (23%)

Explanation:

                                       Product A               Product B

Initial investment:

Cost of equipment          $290,000              $490,000

Annual revenues and costs:

Sales revenues              $340,000               $440,000

Variable expenses         $154,000               $206,000

Depreciation expense    $58,000                 $98,000

Fixed out-of-pocket

operating costs               $79,000                 $59,000

net cash flow                  $107,000                $175,000

The company's discount rate is 16%.

payback period

A = $290,000 / $107,000 = 2.71 years, A is preferred

B = $490,000 / $175,000 = 2.8 years

using an excel spreadsheet I calculated the NPV and IRR

NPV

A = $60,349

B = $83,001, B is preferred

IRR

A = 25%, A is preferred

B = 23%

Project profitability

A = $350,349 / $290,000 = 1.21

B = $573,001 / $490,000 = 1.17

Simple rate of return

A = $535,000 / $290,000 = 184%, A is ´preferred

B = $875,000 / $490,000 = 179%

American Corporation has the following financial information. Year 1 Year 2 Cash $ 202.95 $ 245.90 A/R 398.02 485.34 Inventory 785.12 648.54 If Year 1 is the base year, what is the percentage increase/decrease of each current asset amount

Answers

Answer: The answer is given below

Explanation:

Since Year 1 has been given as the base year, the percentage change will be:

(Year 2 - Year 1)/Year 1 × 100

Cash:

= (245.90 - 202.95)/202.95 × 100

= 42.95/202.95 × 100

= 0.21 × 100

= 21% Increase

A/R:

= (485.34 - 398.02)/398.02 × 100

= 87.32/398.02 × 100

= 0.22 × 100

= 22% Increase

Inventory:

= (648.54 - 785.12)/785.12 × 100

= -136.58/785.12 × 100

= -0.17 × 100

= 17% decrease

You want to buy a house and will need to borrow $255,000. The interest rate on your loan is 5.89 percent compounded monthly and the loan is for 25 years. What are your monthly mortgage payments

Answers

Answer: $1,626

Explanation:

A Mortgage payment is a type of annuity so the Present Value of an Annuity formula can be used to calculate this.

The Period is 12 months so adjustments need to be made to the interest rate and the period.

Period.

= 25 years * 12 months

= 300

Interest Rate

= 5.89/12

= 0.4908%

Present Value of the Annuity is the mortgage amount of $255,000

Present Value of Annuity is,

P = PMT ( 1 - ( 1 + r)^-n) / r

Where,

P = Present Value

PMT = payment per period

r = Interest rate

n= no. of periods

255,000 = PMT ( 1 - (1+0.4908%)^-³⁰⁰) / 0.4908%

255,000 = 156.8456 PMT

PMT = 255,000/156.8456

= $1,625.80

= $1,626

According to WSJ article, companies like Apple, Deere, and Walt Disney recently issued new bonds on the market, totaling $27 billion offering on a single day on Sep. 3. What explains such an increased activity in a corporate bond market

Answers

Answer: Fall in Benchmark Interest Rates.

Explanation:

This activity was caused by a Refinancing Drive. Refinancing is when entities get a new loan with a lower interest rate and pay off the older loan with a higher interest rate so that they can pay at the lower rate.

Bond interest rates are usually fixed so when interest rates in a country fall, bond holders don't benefit from that. One option they have to take advantage of that is to go on a Refinancing Drive and issue new bonds at those lower rates and then pay off the older ones.

That is what Apple, Deere, and Walt Disney have done.

Brazil is almost​ self-sufficient in ethanol. Brazilian ethanol is made from sugar and costs 83cents per gallon whereas U.S.​ ethanol, made from​ corn, costs​ $1.14 per gallon. The United States has set a zero quota on imports of​ ethanol, so it does not import ethanol. ​Source: The New York Times​, April​ 12, 2006 Which country has a comparative advantage in producing​ ethanol? Explain why both the United States and Brazil can gain from specialization and trade.

Answers

Answer:

Brazil has comparative advantage in Ethanol.

Both US & Ethanol can gain from trade, if they specialise in their good of comparative advantage & import the other at lower opportunity cost.

Explanation:

Comparative advantage is when an economy can produce a good with lesser opportunity cost than other economy.

Brazil can produce ethanol at lower opportunity cost, as it uses lesser resources to produce Ethanol, compared to US.

So, Brazil has comparative advantage in producing ethanol. Both US & Brazil can gain from specialisation : As, US can get more ethanol at lesser than domestic opportunity cost. And, Brazil can also gain from trade by importing the good in which US has better opportunity cost & comparative advantage, in exchange of exported ethanol. It would imply Brazil would get more of the other good at lesser than domestic opportunity cost.

Jones, CPA, is auditing the financial statements of XYZ Retailing, Inc. What assurance does Jones provide that direct effect noncompliance that is material to XYZ’s financial statements and noncompliance that has a material but indirect effect on the financial statements will be detected?

A. Direct effect noncompliance: Reasonable; indirect effect noncompliance: none.

B. Direct effect noncompliance: Reasonable; indirect effect noncompliance: reasonable.

C. Direct effect noncompliance: Limited; indirect effect noncompliance: none.

D. Direct effect noncompliance: Limited; indirect effect noncompliance: reasonable.

Answers

Answer:

Direct effect noncompliance: Reasonable; indirect effect noncompliance: none.

Explanation:

Direct-effect noncompliance is a noncompiance that has a direct and material effects on financial statement amounts. Examples of direct-effect noncompliance include the violations of tax laws.

Indirect-effect noncompliance is a violation of laws that do not have direct relationships with the financial statements. Example of indirect-effect noncompliance include violations that have to do with environmental protection, occupational health and safety, etc.

Reasonable assurance can be described as a high level of assurance that is not an absolute one but it is however related to material misstatements.

Therefore, an assurance that Jones provide that direct effect noncompliance that is material to XYZ’s financial statements and noncompliance that has a material but indirect effect on the financial statements will be detected is direct effect noncompliance: Reasonable; indirect effect noncompliance: none.

Exercise 11-6 Net present value LO P3 A new operating system for an existing machine is expected to cost $520,000 and have a useful life of six years. The system yields an incremental after-tax income of $150,000 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $10,000. A machine costs $380,000, has a $20,000 salvage value, is expected to last eight years, and will generate an after-tax income of $60,000 per year after straight-line depreciation. Assume the company requires a 10% rate of return on its investments. Compute the net present value of each potential investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Answers

Answer:

NPV of investment 1: $509,131

NPV of investment 2: $269,513

Explanation:

initial investment -$520,000

6 year useful life, depreciation per year = ($520,000 - $10,000) / 6 = $85,000

free cash flow per year = $150,000 + $85,000 = $235,000

free cash flow last year = $235,00 + $10,000 = $245,000

NPV = -$520,000 + $235,000/1.1 + $235,000/1.1² + $235,000/1.1³ + $235,000/1.1⁴ + $235,000/1.1⁵ + $245,000/1.1⁶ = -$520,000 + $213,636 + $194,215 + $176,559 + $160,508 + $145,917 + $138,296 = $509,131

initial investment -$380,000

8 year useful life, depreciation per year = ($380,000 - $20,000) / 6 = $60,000

free cash flow per year = $60,000 + $60,000 = $120,000

free cash flow last year = $120,00 + $20,000 = $140,000

NPV = -$380,000 + $120,000/1.1 + $120,000/1.1² + $120,000/1.1³ + $120,000/1.1⁴ + $120,000/1.1⁵ + $120,000/1.1⁶ + $120,000/1.1⁷ + $140,000/1.1⁸= -$380,000 + $109,091 + $99,174 + $90,158 + $81,962 + $74,501 + $67,737 + $61,579 + $65,311 = $269,513

On January 1, Year 1, the Accounts Receivable balance was $21,000 and the balance in the Allowance for Doubtful Accounts was $1,900. On January 15, Year 1, an $530 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off

Answers

Answer:

$19,100

Explanation:

Accounts receivable represents amount owed to a business by its customers for products or services offered. It is payable in the future.

When collection is uncertain the amount is put in doubtful account.

If an amount is confirmed to be uncollectible it is written off as a loss

In this scenario we are calculating realisable value after write-off

Account receivable after write-off = Account receivable balance - Uncollectible amount

Account receivable after write-off= 21,000 - 530= $20,470

Allowance balance after write-off= Doubtful account - Uncollectible account

Allowance balance after write-off= 1,900 - 530 = $1,370

Net realisable value after write-off= 20,470 - 1,370= $19,100

Lucy's Music Emporium opened its doors on January 1, 2015, and it was granted permission to use the same depreciation calculations for shareholder reporting and income tax purposes. The company planned to depreciate its fixed assets over 20 years, but in December 2015 management realized that the assets would last for only 15 years. The firm's accountants plan to report the 2015 financial statements based on this new information. How would the new depreciation assumption affect the company's financial statements

Answers

Answer: d. The firm's cash position in 2015 and 2016 would increase.

Explanation:

The financila statements had been calculated with the view that fixed assets would be depreciated over a 20 year period. However, it was discovered that the assest should be depreciated over 15 years instead. This reduction in the period would have the effect for increasing the depreciation payment.

For example, say the asset cost $20,000 and was originally to be depreciated over 20 years using Straight Line Depreciation. This means that the depreciation per year would be,

= [tex]\frac{20,000}{20}[/tex]

= $1,000 a year.

If it was however discovered that it was supposed to be 15 years that figure would go to,

= [tex]\frac{20,000}{15}[/tex]

= $1,333.33 a year

Notice how depreciation increased. Lucy's Music emporium will therefore see their depreciation cost rise. Depreciation is subtracted from revenue as it is tax deductible. When Lucy's Emporium deduct this new depreciation, they will have less profit. They will be taxed on this less profit and so pay a lower tax. This will thus increase their cash holdings because Depreciation is a non cash expense and does not actually require a cash payment.

At the current year-end, Simply Company found that its overhead was underapplied by $2,500, and this amount was not considered material. Based on this information, Simply should: Multiple Choice Close the $2,500 to Cost of Goods Sold. Close the $2,500 to Finished Goods Inventory. Do nothing about the $2,500, since it is not material, and it is likely that overhead will be overapplied by the same amount next year. Carry the $2,500 to the income statement as "Other Expense". Carry the $2,500 to the next period.

Answers

Answer:

Close the $2,500 to Cost of Goods Sold

Explanation:

The under applied overhead is added to the Cost of Goods Sold amount.

The same amount would be debited to the cost of goods sold and the manufacturing overhead would be credited with the same amount that is $ 2500.

Under applied overhead means that the overhead actually incurred is more than the overhead planned of to be incurred. So we add back the amount by which it is less.

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. The company has 430,000 shares outstanding, and the stock currently sells for $51, If there are four seats in the current election, how much will it cost you to buy a seat

Answers

Answer:

$4,386,051

Explanation:

For computation of cost to buy a seat first we need to follow some steps which is shown below:-

Step 1 :

Number of seats available for election = 4

So, the percentage of stock needed = 1 ÷ (4 + 1)

= 20%

Step 2

Number of Stock needed = (Outstanding shares × Percentage of stock) + 1

= (430,000 × 20%) + 1

= 86,000 + 1

= 86,001

and finally

Total cost required to buy a seat = Number of Stock × Stock Currently Sold

= 86,001 × $51

= $4,386,051

So, we have applied the above formula.

The following items are reported on a company's balance sheet: Cash $510,000 Marketable securities 398,500 Accounts receivable (net) 338,900 Inventory 346,500 Accounts payable 693,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

Answers

Answer:

Current ratio= 2.3

Quick ratio= 1.8

Explanation:

Cash=$510,000

Marketable securities= $398,000

Account receivables= $338,900

Inventory= $346,000

Account payable = $693,000

Curent ratio= current assets/current liability

Current assets= cash+ marketable securities+ Account receivables+inventory

Current liability= Account payable

($510,000+$398,000+$338,900+$346,000)/$693,000

= $1,592,900/$693,000

= 2.29

Current ratio = 2.3 ( to 1 decimal place)

ii) Quick ratio= ( cash+ marketable securities+ Account receivable)/Current liability

=$510,000+$398,000+$338,900/$693,000

= $1,246,900/$693,000

= 1.79.

Quick ratio = 1.8 ( to 1 decimal place)

Answer: Current ratio 2.3

Quick ratio 1.8

Explanation:

Given Data:

Cash = $510,000

Marketable securities = $398,500

Account receivable ( net) = $338,900

Inventory = $346,500

Accounts payable = $693,000

( a.) The current ratio : this helps to determine the relationship between current assets and current liabilities

= current assets / current liabilities

Currents assets = ( cash + marketable securities + inventory + account receivable )

= $( 510,000 + 398,500 + 338,900 + 346,500)

= $1,593,900

Current liabilities = $693,000

Current ratio = $1,593,900 / $693,000

= 2.3

(b) Quick ratio is the ratio of quick asset against current liabilities.

Quick assets ( cash + marketable securities + accounts receivable)

= $( 510,000 + 398,500 + 338,900)

= $1,247,400

Quick ratio = $1,247,400 / $693,000

= 1.8

Mountain High Ice Cream Company transferred $63,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $5,300). Mountain High anticipates a $3,300 recourse obligation. The bank charges a 3% fee (3% of $63,000), and requires that amount to be paid at the start of the factoring arrangement. Required: Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer:

Journal entries for Mountain high Ice cream is given below

Explanation:

Journal entries:

                                                    Debit                    Credit

Cash                                           54810(w1)

Loss on receivables                   6190

Factoring amount                      5300(fair value)

Recourse liability                                                     3300

Receivables                                                            63000

Workings 1

63000 x 90%-3% = 54810

Break-Even Sales Currently, the unit selling price of a product is $370, the unit variable cost is $300, and the total fixed costs are $1,001,000. A proposal is being evaluated to increase the unit selling price to $410. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. units

Answers

Answer:

a. 14,300 units

b. 9,100 units

Explanation:

a. For computation of current break-even sales (units) first we will find out the contribution margin per unit which is shown below:-

Contribution margin per unit = Selling price per unit - Variable cost

= $370 - $300

= $70

Current break-even sales (units) = Fixed cost ÷ Contribution margin per unit

= $1,001,000 ÷ $70

= 14,300 units

b. For computation of anticipated break-even sales (units) first we will find out the contribution margin per unit which is shown below:-

Contribution margin per unit = Selling price per unit - Variable cost

= $410 - $300

= $110

Anticipated break-even sales (units) = Fixed cost ÷ Contribution margin per unit

= $1,001,000 ÷ $110

= 9,100 units

So, we have applied the above formula.

g For a period during which the quantity of inventory at the end was smaller than that at the beginning, income from operations reported under variable costing will be smaller than income from operations reported under absorption costing. Group of answer choices False True

Answers

Answer: True

Explanation:

Variable costing is a method which is used to assign the variable costs to the inventory. In this approach, all the overhead costs will be charged to expense during the period that they were incurred, while the direct materials and the variable overhead costs will be assigned to the inventory.

In this scenario, for a period whereby the quantity of inventory at the end was smaller than the quantity of inventory at the beginning, the income from operations that is reported under the variable costing will be smaller than the income from the operations that is reported under absorption costing. This is because the beginning inventory inventory has been released at a rate that is higher at than the ending inventory thereby making the income under the absorption costing to be smaller.

g The law of supply states that, other things equal, an increase in a. price causes quantity supplied to increase. b. price causes quantity supplied to decrease. c. quantity supplied causes price to increase. d. quantity supplied causes price to decrease.

Answers

Answer:

a. price causes quantity supplied to increase.

Explanation:

The law of supply states that, other things equal, an increase in price causes quantity supplied to increase. An increase in price causes the supply curve to slope upward, thus, giving producers of goods and service providers, an incentive to supply more quantity of their products and vice-versa.

Also, the demand for goods and services has an effect on the quantity of goods and services provided by the producers or suppliers. Hence, an increase in the demand for a product would result in an increase in price, thereby causing the producers to supply more quantity in order to maximize profits.

For instance, an electronic gadget company will manufacture more television sets if the price of those television increases.

Suppose the U.S. economy is initially at long run equilibrium, when there is an unexpected large increase in the price of steel used by firms in production. How does this impact the U.S. economy? (write out either "inflationary" or "recessionary" In response to this what monetary policy would the Fed employ? (write one of the following: "raise taxes", "lower taxes", "raise money supply", or "lower money supply" What is the most likely way the Fed will accomplish this change in the monetary policy? (write one of the following: "buy securities", "sell securities", "raise discount rate", "lower discount rate", or "legislation" This action by the Fed will cause interest rates to _______. (Write out "increase" or "decrease" The end result of the monetary policy is a shift of which curve in which direction. (Write out one of the following: "AD right", "AD left" "AS left", "AS right"

Answers

Answer:

The price hike in the price of steel would cause an inflationary push in the U.S. economy, because steel is a input to the production processes of many firms.

In this scenario, the fed would lower the money supply in order to stop the inflationary push from continuing. To do so, the fed would sell government securities.

The inventory data for an item for November are: Nov. 01 Inventory 16 units at $22 04 Sale 9 units 10 Purchase 29 units at $23 17 Sale 17 units 30 Purchase 24 units at $24 Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO? a.$1,013 b.$743 c.$589 d.$582

Answers

Answer:

Cost of goods sold $ 589

Explanation:

Under the LIFO inventory system units of inventory are priced using the price of the most recent batch purchased and this continues in turn.

The total value of purchases = (16 × $22)  + ( 29 × $2) +  (24 × $24)= $1,595

The cost of goods sold can worked out as follows:

Nov 4th - 9 × $22    = 198

Nov 17th - 17× $23 = 391

Cost of goods sold = (198+ 391 )=$ 589

Cost of goods sold $ 589

What is SHREK testing?

Answers

Shrek testing is a type of strategy

Answer:

the ogre

Explanation:

Ravelo Corporation has provided the following data from its activity-based costing system:

Activity Cost Pools Total Cost Total Activity
Assembly $498,520 44,000 machine-hours
Processing orders $54,263 1,100 orders
Inspection $77,589 1,100 inspection-hours

Data concerning the company's product L19B appear below:

Annual unit production and sales 430
Annual machine-hours 990
Annual number of orders 70
Annual Inspection hours 20
Direct materials cost $37.74 per unit
Direct labor cost $10.45 per unit

According to the activity-based costing system, the average cost of product L19B is closest to:

a. $4819 per unit
b. $82.31 per unit
c. $85.56 per unit
d. $7753 per unit

Answers

Answer:

Activity Cost Pools Total Cost Total Activity

Assembly $498,520 44,000 machine-hours

Processing orders $54,263 1,100 orders

Inspection $77,589 1,100 inspection-hours

Explanation:

Activity Cost Pools Total Cost Total Activity

Assembly $498,520 44,000 machine-hours

Processing orders $54,263 1,100 orders

Inspection $77,589 1,100 inspection-hours

N
Select the correct answer.
Which type of investment offers both capital gains and interest income?
OA
property
OB.
CDs
C. stocks
OD
bonds
Reset
Next
Which type of investment offers both capital gains and interest income

Answers

Answer:

Stocks is the type of investments that offers both capital gains and interest income.

Question:

Compare the capital gains from investing in the three stocks with the interest income on a one-year CD. Which would have been a more profitable investment—the stocks or a one-year CD? Explain your reasoning.

Answer:

The one-year CD rate during the past year ranged from 1 percent to 1.3 percent. This rate of return is much lower than the returns on the J C Penney and Apple stocks. Therefore, these two stocks would have been better investment options than a one-year CD. However, the CD would be a better investment than the Ford Motor Company stock, which gave a negative return over the past year.

Explanation: edmentum sample answer

The Andersons have contracted with a minimum-services real estate broker to assist them in marketing their home. By law their broker has all of these duties EXCEPT:_________ a) to instruct another broker to negotiate an offer with the sellers on his behalf. b) to instruct another broker to deliver a contract to the sellers on his behalf. c) to inform the sellers of material information related to the transaction. d) to answer their questions and present any offers.

Answers

Answer:

A. to instruct another broker to negotiate an offer with the sellers on his behalf

Explanation:

Brokers job includes facilitation of a variety of business transactions, such as real estate deals, by acting as a middle man between the parties involved. The broker acts as an agent for the client and charges the client certain amounts for his service.

By law a broker can not ask another broker to help him negotiate an offer. All other options in the question are duties of the broker

On March 31, 2018, Easy Rental Agency Inc.'s trial balance included the following selected unadjusted account balances. The company's year end is December 31 and it adjusts its accounts quarterly
Debit Credit
Prepaid insurance $14,740
Supplies 2,900
Equipment 22,100
Accumulated depreciation-equipment 5,680
Unearned revenue 9,730
Loan payable, due 2020 20,000
Rent revenue 30,900
Salaries expense 14,500
An analysis of the accounts shows the following:
1. The equipment, which was purchased on January 1, 2017, is estimated to have a useful life of four years. The company uses straight-line depreciation.
2. One third of the unearned revenue related to rent is still unearned at the end of the quarter.
3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid March 1, 2018.
4. Supplies on hand total $940 at March 31.
5. The one-year insurance policy was purchased for $14,740 on January 1.
6. Income tax is estimated to be $2,600 for the quarter.
Prepare the quarterly adjusting entries required at March 31.

Answers

Answer:

1)

Dr Depreciation expense 1,226

    Cr Accumulated depreciation 1,226

2)

Dr Unearned revenue 6,487

    Cr Rent revenue 6,487

3)

Dr Interest expense 600

    Cr Accrued interest 600

4)

Dr Supplies expense 1,960

    Cr Supplies 1,960

5)

Dr Insurance expense 3,618

    Cr Prepaid insurance 3,618

6)

Dr Income tax expense 2,600

    Cr Income tax payable 2,600

Explanation:

March 31, 2018

Prepaid insurance $14,740  - 3,618

Supplies 2,900  - 1,960

Equipment 22,100

Accumulated depreciation-equipment 5,680  + 1,226

Unearned revenue 9,730  - 6,487

interest payable 600

Income tax payable 2,600

Loan payable, due 2020 20,000

Rent revenue 30,900  + 6,487

Salaries expense 14,500

depreciation expense 1,226

interest expense 600

Supplies expense 1,960

Insurance expense 3,618

Income tax expense 2,600

1. The equipment, which was purchased on January 1, 2017, is estimated to have a useful life of four years. The company uses straight-line depreciation.

depreciation per year = $22,100 / 4 = $5,525

depreciation expense up to March 31, 2018:

$5,525 x 1.25 = $6,906.25 ≈ $6,906

adjustment entry = $6,906 - $5,680 = $1,226

Dr Depreciation expense 1,226

    Cr Accumulated depreciation 1,226

2. One third of the unearned revenue related to rent is still unearned at the end of the quarter.

adjusting entry = 9,730  - (9,730  x 1/3) = $6,486.67 ≈ $6,487

Dr Unearned revenue 6,487

    Cr Rent revenue 6,487

3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid March 1, 2018.

interest per month = $20,000 x 6% x 1/12 = $600

Dr Interest expense 600

    Cr Accrued interest 600

4. Supplies on hand total $940 at March 31.

adjusting entry = $2,900 - $940 = $1,960

Dr Supplies expense 1,960

    Cr Supplies 1,960

5. The one-year insurance policy was purchased for $14,740 on January 1.

insurance expense per quarter = $14,470 x 3/12 = $3,617.50 ≈ $3,618

Dr Insurance expense 3,618

    Cr Prepaid insurance 3,618

6. Income tax is estimated to be $2,600 for the quarter.

Prepare the quarterly adjusting entries required at March 31.

Dr Income tax expense 2,600

    Cr Income tax payable 2,600

Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improvement to that problem? Would you conduct a one-sample or two-sample test? What would be your null and alternative hypotheses?

Answers

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0: There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

Compton Associates is an architectural firm that has been in practice only a few years. Because it is a relatively new firm, the market for the firm's services is very competitive. To compete successfully, Compton must deliver quality services at a low cost. Compton presents the following data for 2016 and 2017.Compton Associates is an architectural firm that has been inArchitect labor-hour costs are variable costs. Architect support costs for each year depend on the Architect support capacity that Compton chooses to maintain each year (that is, the number of jobs it can do each year). Architect support costs do not vary with the actual number of jobs done that year.Required1. Is Compton Associate's strategy one of product differentiation or cost leadership? Explain briefly.2. Describe key measures you would include in Compton's balanced scorecard and your reasons for doing so.

Answers

Answer:

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Explanation:

Dusan is a member of the Tonda LLC, and all members have equal interests in capital and profits. The LLC has made an optional adjustment-to-basis election. Dusan's interest is sold to Adele for $35,000. The balance sheet of the LLC immediately before the sale shows the following:

Basis FMV
Cash $40,000 $40,000
Depreciable assets 80,000 100,000
$120,000 $140,000
Dusan, capital $30,000 $35,000
Randal, capital 30,000 35,000
Thom, capital 30,000 35,000
Erin, capital 30,000 35,000
$120,000 $140,000
a. How much is the 754 adjustment?

b. What is the amount of Adele's basis in the acquired interest?

c. Which partner receives deductions related to the step-up?

Answers

Answer: a. $5000 b. $35000 c. Adele

Explanation:

The balance sheet is a report which summarizes all of an entity's assets, the liabilities, and the equity at a given point in time.

Based on the balance sheet in the question, the following can be calculated:

a. The 754 adjustment will be the difference in the sale of interest and Susan's capital balance. This will be:

= Sale of interest - Dusan's capital balance

= $35,000 - $30,000

= $5000

b. Adele's basis in the acquired interest will be the value at which she acquired the interest. This will be = $35,000

c. Adele is the partner who receives deductions related to the step-up

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 320 $ 3.00 Purchase on January 9 80 3.20 Purchase on January 25 100 3.34 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.

Answers

Answer:

 494.00

Explanation:

The computation of the cost assigned to ending inventory using the FIFO method is shown below:

Particulars                         Units Unit Cost Amount

Purchase on January 9         50         3.20          160.00

Purchase on January 25 100          3.34          334.00

Cost of Ending Inventory  150.00                  494.00

Since there are 150 units in the ending inventory so we take 50 units at $3.20 and the rest 100 units at 3.34 so that the cost assigned to the ending inventory could come

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