You currently have 80 units of a product on the shelf. The demand for the product has been simulated as follows: Demand_Data.xlsx Sales are made to the extent that you have units in stock (for example, if the demand is for 65 units, then 65 units are sold; however, if the demand is for 135 units, then only 80 units are sold). Using the demand data in the attached file, the expected units sold is [a].
Round your answer to a single decimal point. For example, if your answer is 51.456, then round it to 51.5.

Answer:

M = $3.20

N = $9.95

O = $5.21

I believe it is the second option.

Explanation:

Item              No. of Items Purchased              Resale Price Per Unit

M                             4,600                                         $4.05

N                             2,300                                        $12.60

O                             6,600                                         $6.60

total resale price:

markup % = ($91,170 - $72,000) / $72,000 = 26.625%

purchase cost per unit:

Answer:

Net cash from investing activities      (40,000)

Explanation:

The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities.

Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.

                                                               $

Investing activities

Equipment purchase                        (40,000)

Net cash from investing activities      (40,000)

Answer:

The correct answer option is B

Explanation:

The company would issue a statement apologizing for the choking hazard and recall the stuffed bears.

A defense strategy is one in which the toy manufacturing company accepts responsibility for a problem, even though they would do the least required to meet societal expectations.

The toy manufacturer might issue a statement apologizing for the choking hazard and recall the stuffed bears. In this case the company has accepted responsibility and done the least required to meet societal expectations.

Answer:

$31,320.00

Explanation:

The formula for accounting rate of return is the annual net cash flow divided by the initial investment.

If the initial investment was $522,000 and the accounting rate of return is computed to be 6% per year, hence the annual increase in cash flow accruing from the investment can be calculated by changing the subject of the formula.

ARR=annual increase in cash flow/initial investment

ARR is 6%

initial investment is $522,000

annual increase in cash flow?

6%=annual increase in cash flow/$522,000

annual increase in cash flow=6%*$522,000= $31,320.00  

Answer:

C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.

Explanation:

From the question Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. But Shawn did not follow the specifications now Harry doesn't want to pay him the contract amount.

Under doctrine of specific performance, Harry can pay less money than the contract price. Because Shawn has performed substantially, he is not entitled to receive the contract price as agreed.

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

Answer:

Debit Sales Return and allowances $400

Credit Accounts receivable $400

Explanation:

In the given scenario the sale was made on account. That means that no money was collected for the transaction.

So we do not consider the $300 it would cost Bergstrom.

When a good is sold on account, the accounts receivable is debited for the sale amount ($400). As the customer pays the money owed the account is credited to balance it up.

In this case however the good is being returned. So we will debit the Sales Return and Allowance account to recognise the returned item.

Accounts receivable is credited to remove the credit sale since the product has been returned.

Answer:

Project                            Average rate of return

A                                                 16%

Z                                                    15%

Explanation:

The average rate of return (ARR) is the proportion of the average investment that is earned as profit.

Average rate of return(ARR) = average operating income/ Average investment

Project A=

Average income = 57,600/12 = 4800

Average investment = (55,000 + 5,000)/2 = 30000

ARR = 4,800/30,000 × 100 = 16%

Projecr Z

Average income = 63,000/15= 4200

Aveage investment = (50,000 + 6,000)/2= 28,000

ARR = 4,200/28,000× 100 = 15%

Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

Idaho Company

Details                                                                         $      

Stockholder's Equity:

Common Stock                                                       525,000

Preferred Stock                                                      500,000

Additional Paid-In Cap. - Common Stock             625,000

Additional Paid-In Cap. - Preferred Stock              50,000

Treasury Stock                                                        (40,000 )

Retained Earnings                                                  250,000  

Balance at December 31                                       1,910,000  

The stockholders' equity or the share capital of the company is the amount of capital that is the ownership of investors of shareholders of the company over the assets and debts of the company.

The equity shareholder's are the true owners of the company as they are legible for decision making and voting's.

The stockholders' equity section of the balance sheet includes: common shares, preferred shares, retained earnings, and treasury stock.

The stockholders' equity section of the balance sheet is prepared in the image attached below.

To know more about stockholders' equity, refer to the link:

https://brainly.com/question/13278063

Answer:

Wang Min's situation:

Boston: 151

San Francisco: 135

If Wang Min wishes to consider a similar offer in Boston, the offer should be for at least = ($25,000/135) x 151 = $27,963. Since San Francisco is "cheaper" than Boston, she should earn more money in Boston in order to consider a comparable offer.

Roger's situation:

Cleveland: 99

San Francisco: 135

If Roger wishes to consider a similar offer in Cleveland, the offer should be for at least = ($30,000/135) x 99 = $22,000. Since San Francisco is "more expensive" than Cleveland, he should earn less money in Cleveland in order to consider a comparable offer.

Answer: c. not included in GDP because they are not payments for currently produced goods or services.

Explanation: Transfer payments are usually not included in the GDP because they do not represent payments made for recently produced goods or services.

The Gross Domestic Product (GDP) is the monetary value attached to all finished goods and services produced within a country during a time period.

Answer:

d. May report interest expenditure of either $0 or $600,000

Explanation:

Government entities used modified accrual accounting system and one of the main difference with accrual accounting system used by private businesses is that they do not have to report accrued interests on their end of year balance sheets. They can choose to report them or not, it is optional.

Answer:

Jasper Company

Cash Receipts Budget for April, May, and June:

                                        April             May              June               Total

Cash Sales 30%         $157,500      $160,500      $168,000        $486,000

Credit Sales 70%         400,000       367,500        374,500         1,142,000

Total                           $557,500    $528,000     $542,500     $1,628,000

Explanation:

1. Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

2. Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500.  The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500.  The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000.  The difference of 70% is received in July.

Answer:

$10,080 income

Explanation:

The computation of  incremental income or loss on reworking the units is shown below:-

Incremental income on reworking unit = Sales after reworking - Sales to salvage company - Incremental cost

= (1,200 × $19.40) - (1,200 × $4.20) - (1,200 × $6.80)

= $23,280 - $5,040 - $8,160

= $10,080 income

Therefore for computing the Incremental income on reworking unit we simply applied the above formula.

Answer:

$29.56

Explanation:

The computation of unit product cost is shown below:-

Unit product cost = (Direct material + Direct labor + Manufacturing overhead) ÷ Number of units completed

= ($44,000 + (63 × $12) + ($12 × 630)) ÷ 2,000

= ($44,000 + $7,560 + $7,560) ÷ 2,000

= $59,120 ÷ 2,000

= $29.56

Therefore for computing the unit product cost we simply applied the above formula.

Answer:

Cost of goods sold:

Cost of goods sold per unit:

A comparative income statement showing the different production and sales levels:

                                 70,000 units         72,000 units     104,000 units

Total sales                $3,990,000            $4,104,000      $5,928,000

COGS                       ($3,115,000)            ($3,174,000)     ($4,118,000)  

Gross profit                  $875,000              $930,000       $1,810,000

If Jacquie increases its production to 104000 units, while sales remain at the current 72000 unit level, by how much would the company?

Total sales       $4,104,000

COGS             ($2,851,200)

Gross profit     $1,253,000

If the production level is 104,000 units, but only 72,000 are sold, net profits will increase by $323,000 (= $1,253,000 - $930,000). The remaining 32,000 units will be reported as ending inventory of finished goods.

Explanation:

                              normal production   72,000 units      104,000 units

direct materials            $700,000            $720,000          $1,040,000

direct labor                   $525,000            $540,000            $780,000

variable overhead       $840,000            $864,000          $1,248,000

fixed overhead          $1,050,000          $1,050,000          $1,050,000

total                             $3,115,000           $3,174,000           $4,118,000

cost per unit                 $44.50                  $44.08                   $39.60

Answer:

a. $77

b. $101

c.Income statement for the month using the contribution format and the variable costing method.

Sales ( $122 × 8,200)                                                                       1,000,400

Less Cost of Sales

Opening Stock                                                                      0

Add Cost of Goods Manufactured (8,300× $77)           639,100

Less Closing stock ( 100 × $77)                                        (7,700)    (631,400)

Contribution                                                                                       369,000

Less Expenses

Fixed manufacturing overhead                                                      ($199,200)

Variable selling and administrative ($7×8,200)                                (57,400)

Fixed selling and administrative                                                    ($106,600)

Net Income / (Loss)                                                                                5,800

d.Income statement for the month using the absorption costing method.

Sales ( $122 × 8,200)                                                                       1,000,400

Less Cost of Sales

Opening Stock                                                                      0

Add Cost of Goods Manufactured (8,300× $101)           838,300

Less Closing stock ( 100 × $101)                                        (10,100) (828,200)

Contribution                                                                                       172,200

Less Expenses

Variable selling and administrative ($7×8,200)                                (57,400)

Fixed selling and administrative                                                    ($106,600)

Net Income / (Loss)                                                                                8,200

e.Reconcile the variable costing and absorption costing operating incomes for the month

Absorption Costing Net Profit                                                               8,200

Add Fixed Costs in Opening Stock                                                           0

Less Fixed Costs in Closing Stock (100 × $24)                                   (2,400)

Variable Costing Net Profit                                                                    5,800

Explanation:

Product Cost (Variable Costing) = All Variable Manufacturing Costs

                                                     = $27 + $46 + $4

                                                     = $77

Product Cost (Absorption Costing) = All Variable Manufacturing Costs + All Fixed Manufacturing Costs

                                                          = $77 + ($199,200/8,300)

                                                          = $77 + $24

                                                          = $101

Income Statements

Non Manufacturing Costs are treated as a Periodic Cost in Absorption Costing Income Statement

Whilst Both Fixed Manufacturing Costs and Non Manufacturing Costs are treated as a Periodic Cost in Variable Costing Income Statement.

Reconciliation

The difference in Profit is due to Fixed Cost component absorbed in Absorption Costing.

Answer:

Total cost= $3,989.65

Explanation:

Giving the following information:

Minutes Total Bill

January 470 $4,500

February 200 $2,695

March 180 $2,650

April 320 $2,830

First, we need to calculate the unitary variable cost and fixed costs:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,500 - 2,650) / (470 - 180)

Variable cost per unit= $6.37931

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 4,500 - (6.37931*470)

Fixed costs= $1,501.72

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,650 - (6.37931*180)

Fixed costs= $1,501.72

If the company uses 390 minutes in​ May:

Total cost= 1,501.72 + 6.37931*390

Total cost= $3,989.65

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

Answer:

D

Explanation:

The self determination theory is a theory of motivation that examines extrinsic and intrinsic motivation.

The theory states that humans have innate needs. If this needs are satisfied, humans would grow and function optimally. They include :

1. Autonomy - the desire to be in charge of one's life. It is the feeling of intrinsic motivation, in which workers perceive their work to have meaning and perceive themselves to be competent, having an impact, and capable of self-determination

2. Relatedness - the desire to relate and interact with other people.

3. Competence. This is the desire to achieve mastery.

Autonomy is when

Answer:

b. empowerment.

Explanation:

This is explained to be a great act of giving someone power, this is in the form of more freedom and also rights to be productive. This gives the said person a natural flay; if seen in a business place or at place of work, it gives the worker or workers a sense of collaboration, making them share values, pull resources together and happily achieve goals that sharpen their psychs and make the company take great steps to greater heights as this empowerment is not only for the company, because it makes the said workers determined and also self competent in their working activities.

Answer:

Quarterly income = $ 36,643.03

Explanation:

The quarterly income ca be determined using the present value of the annuity technique.

The Present Value of the annuity technique

PV = A × ((1- (1+r)^(-n)/r

A- quarterly payment, n- number of quarters, quarterly rate, PV - Present of investment

A- ?  n -3× 12= 36, r-12%/4= 3%

800,000 = A×  (1- (1.03)^(-36)

800,000 = A×  (1- (1.03)^(-36)

800,000 = A × 21.8322525

A = 800,000/21.8322525

A= 36,643.03

Quarterly income = $ 36,643.03

Answer: $400,000

Explanation:

According to Section 179 on deducting Expenses issued by the IRS, a company may deduct the cost of certain assets when they are first put into service.

The Assets include tangible assets such as equipment and machinery so long as they are purchased for business use.

Skip bought the equipment for $400,000 and as such can deduct this entire amount under Section 179.

Answer:

The pricing plan of the is even more immoral to buttress that the fact that brothel was encouraged, the fact that subscription packages was introduced will enhance the practice of prostitution which also has a pricing system which is aimed at I creasing the producer surplus.

Explanation:

Given the following :

Session - - - - - Willingness to Pay

1st - - - - - $105

2nd - - - - $90

3rd - - - - -$75

4th - - - - - $60

5th - - - - - $45

6th - - - - - $30

At price of $82.50 per session, the number of sessions demanded by this consumer will be 2.

Consumer surplus = ($105 - $82.50) = $22.50

Producer surplus = ($82.50 - $22.50) = $60

Answer:

E. Have customers who operate in many different parts of the country.

Explanation:

Details about a lockbox plan and services explains that this is a banking service to companies by a certain bank or banks that proceeds and receives receipts of payments from its customers where they are directly channeled to a plan inwhich they work with the bank on behalf of the company instead of contacting the said company as the bank helps or fastens the receipt processing and. The lockbox is virtually known to be advantageous to customers who operate in many different parts of the country.

It is generally known to assist companies with a very efficient way of depositing customer payments, this is for companies that find it a bit hard to check and respond to mails.

Answer:

Black Sparrow Aviation, Inc.

1. Indications from ratios about Black Sparrow Aviation:

The current ratio of 4.5 is higher than the industry's norm of 4.0.  This indicates that working capital elements are not being managed properly.  This is supported by the the remaining four ratios.  Inventory level is not optimal.  More inventory is held without being sold to customers.  Obviously, from the inventory turnover of 6.0 translating to approximately 61 days that it takes the company to sell its inventory as against the industry average of 35 days, it shows that the marketing and sales forces lack stamina.  Debt collection from customers is over-delayed, showing poor credit policy and management.  Perhaps, it takes the company many days to issue invoices.  More time than necessary is allowed to customers to pay compared to the industry norm.  In addition, payments are made to suppliers 11 days earlier than the industry average.  Advantage is not being taken of trade credit offered by suppliers.   Trade credit is an important source of funding operations, which every company should utilize to the maximum.

2A.  Based on the above ratios, I would recommend:

1. Minimum inventory should be maintained.

2. Sales efforts should be intensified, so that more sales are made each year than it is currently the case.

3. Debt collection is an important activity for every company that sells on account.  This activity should be taken seriously.  Credit extension to customers should not exceed 50 days.

4. Payments to suppliers can be delayed by more 10 days without offending suppliers.

2B. Results from Recommendations:

1. Working capital is not tied in inventory.

2. More debts are recovered from customers and on time.  Delay increases credit default.

3. More sales are made to customers, increasing the turnover.  The profit is always in the frequency of turnover.

4. Short-term financing is obtained from suppliers, which strengthens liquidity.

Explanation:

Liquidity management is a financial management tool, which describes a company's ability to meet financial obligations through cash flow, funding activities, and capital management in order to minimize the risks associated with illiquidity.

Calculation, analysis, comparison of ratios are some of the ways to make informed decisions on liquidity management.  Ratios should be compared over many periods, with best performing competitors, and the industry norm to ascertain the position of the reporting entity.

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $123

Units sold= 6,100

Variable costs per unit:

Direct materials $45

Direct labor $30

Variable manufacturing overhead $1

Variable selling and administrative $8

Fixed costs:

Fixed manufacturing overhead $140,800

Fixed selling and administrative $91,500

First, we need to calculate the total variable cost per unit:

Variable cost per unit= 45 + 30 + 1 + 8= $84

Income statement:

Sales= 6,100*123= 750,300

Total variable cost= 6,100*84= (512,400)

Contribution margin= 237,900

Fixed manufacturing overhead= (140,800)

Fixed selling and administrative= (91,500)

Net operating income= 5,600

Answer:

Ending inventory= $157,000

Explanation:

Giving the following information:

Beginning inventory= $191,000.

Purchases and cost of goods sold for the year were $950,000 and $984,000.

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

984,000= 191,000 + 950,000 - ending inventory

984,000= 1,141,000 - ending inventory

Ending inventory= $157,000

Explanation:

Note that we are told that Botswana Electronics Company (BEC) is constrained because of the number of available scientists (40) and the budget available for the projects ($300,000). Since this is an Electronics production company much of the needed resources includes metals, cables, power, as well as specialised workforce.

Using conservative estimates for the eight project, the profit for each project should be $37,500 b($300,000/8)

Answer:

higher CEO pay is related to larger organization size

Explanation:

Since in the given situation, Isidore Crocker, who is the CEO of Gotham Engines want to acquire the Carolina Textiles who deal in an unrelated industry. But the board of directors questioning that what is the motive for this. At the same time it is also not uncommon for CEO as the larger part of the company profit is paid to CEO that is related to the size of the organization

In other words, the higher the CEO salary, the larger is the size of the organization

Answer:

Calculate and interpret the profit variance.

profit variance = actual profit - budgeted profit = $0.3 - $0.7 = -$0.4 U

The profit variance is unfavorable because actual profit was lower than the budgeted profit. Whenever we have a static and a flexible budget, we must use the flexible budget to calculate the variances. Not only revenues were lower than expected, but also costs were higher than expected.

Calculate and interpret the revenue variance.

revenue variance = actual revenue - budgeted revenue = $4.5 - $4,8 = -$0.3 U

The revenue variance is unfavorable because revenue was lower than expected. This means that they either had less patients or charged less per patient.

Calculate and interpret the cost variance.

cost variance = actual costs - budgeted costs = $4.2 - $4,1 = $0.1 U

When we analyze costs variances, positive numbers represent unfavorable variances because actual costs were larger than budgeted. It is the opposite to what happens with revenue and profit variances.

In this case, actual costs were larger than expected, which means that the hospital spent more money than budgeted.

Calculate and interpret the volume and price variances on the revenue side.

volume variance = flexible revenue - static revenue = $4.8 - $4.7 = $0.1 F

the flexible budget shows higher numbers because the number of patients was higher than expected.

price variance = actual revenue - flexible revenue = $4.5 - $4.8 = -$0.3 U

even though the volume variance was favorable, more patients, the price charged was lower than expected because total revenue was lower than the flexible revenue.

Calculate and interpret the volume and management variances on the cost side.

volume variance (cost) = actual costs - budgeted costs = $4.2 - $4.1 = $0.1 U

When cost variances are positive, they are unfavorable because expenses were higher than expected. This means that the hospital spent more money than they had planned for carrying out the same amount of procedures.

management variance = actual costs - budgeted costs = $4.2 - $4.1 = $0.1 U

Since costs were higher than expected, this means that the hospital's management didn't perform properly. In this case, all variances show that management didn't work well. Revenues were lower than expected, costs were higher than expected and profits were lower. They should be glad that this is just a question, in real life they would be in serious problems for poor performance.

Explanation:

                                               Static         Flexible         Actual

                                               Budget      Budget          Results

Revenues                                $4.7            $4.8              $4.5

Costs                                       $4.1             $4.1               $4.2

Profits                                      $0.6            $0.7              $0.3