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Related Questions
An American currency dealer has good credit and can borrow either $1,000,000 or €800,000 for one year. The one-year interest rate is i$ = 2% in the U.S. and i€ = 6% in the euro zone, respectively. The spot exchange rate is $1.25 = €1.00 and the one-year forward exchange rate is $1.20 = €1.00. Show how you can realize a certain dollar profit via covered interest arbitrage.
a. Borrow $1,000,000 at 2%; trade $1,000,000 for €800,000 at the spot rate; invest euros at i€= 6%;translate euro proceeds back to dollars at the forward rate of $1.20 = €1.00. Gross proceeds will be $1,017,600.
b. Borrow $1,000,000 at 2%; trade $1,000,000 for €800,000 at the spot rate; invest euros at i€= 6%;translate euro proceeds back to dollars at the forward rate of $1.20 = €1.00. Net profit will be $17,600.
c. Borrow €800,000 at i€= 6%;translate euros to dollars at the spot rate, invest dollars in the U.S. at i$ = 2% for one year; translate dollars back to €850,000 at the forward rate of $1.20 = €1.00. Net profit will be €2,000.
d. Borrow €800,000 at i€= 6%;translate euros to dollars at the spot rate, invest dollars in the U.S. at i$ = 2% for one year; translate dollars back to €848,000 at the forward rate of $1.20 = €1.00. Net profit will be $2,400.
Answers
Answer:
c. Borrow €800,000 at i€= 6%;translate euros to dollars at the spot rate, invest dollars in the U.S. at i$ = 2% for one year; translate dollars back to €850,000 at the forward rate of $1.20 = €1.00. Net profit will be €2,000.
Explanation:
borrow 800,000€ today and purchase $1,000,000
invest the $1,000,000 and get $1,020,000 in one year
purchase back $1,020,000 / $1.20 = 850,000€
pay your loan resulting in a = 850,000€ - (800,000€ x 1.06) = 850,000€ - 848,000€ = 2,000€ gain
if you borrow $1,000,000 and purchase 800,000€
invest 800,000€ and get 848,000€ in one year
purchase back 848,000€ x 1.2 = $1,017,600
pay your loan back = $1,017,600 - ($1,000,000 x 1.02%) = $1,017,600 - $1,020,000 = -$2,400 loss
Fandry Company has obtained the following data concerning a new product: Production Costs, Using traditional costing method $3.00 per unit Production Costs, Using activity-based costing method $5.00 per unit Nonproduction Costs, Using activity-based costing method $2.50 per unit Fandry Company wants the price of the new product to cover all costs plus a 100% markup. The production process used for the low volume product is very complicated and it has a higher proportion of indirect costs than direct costs. What price per unit should Fandry Company charge for the new product
Answers
Answer:
$15.00 per unit
Explanation:
Calculation for the price per unit that Fandry Company should charge for the new product
Using this formula
Price per unit for new product =Production Costs, Using traditional costing method per unit ×
Production Costs, Using activity-based costing method per unit
Let plug in the formula
Price per unit for new product=$3.00 per unit ×$5.00 per unit
Price per unit for new product=$15.00 per unit
Therefore the price per unit that Fandry Company should charge for the new product will be $15.00 per unit
Economic Order Quantity computes:
A: Cost of an order
B: Re-order level
C: Cost of stock
D: Optimum Order size
Answers
Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
Which statement demonstrates the misuse of e-commerce?
A. asking for testimonials from satisfied customers
B. offering free shipping
C. offering discounts
D. shipping products that don't match the description online
Answers
Answer:
A . asking for testimonials from satisfied customers
Answer:a
Explanation:
An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $10,000. If the economy grows at a moderate pace, the investment will result in a profit of $30,000. However, if the economy goes into recession, the investment will result in a loss of $30,000. You contact an economist who believes there is a 30% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 10% probability the economy will slip into recession. What is the expected profit from this investment?
Answers
Answer:
6,000
Explanation:
The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability
DATA
Strong = 30,000 , probability = 30%
Moderate = 10,000 , probability = 60%
Weak = -30,000 , probability = 10%
Calculation
Expected profit = Values x Probability
Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)
Expected profit = 6,000 + 6,000 -6,000
Expected profit = 6,000
Western Athletic Club International (WACI) owns and operates a chain of fitness clubs and is interested in estimating the CLV for new memberships. Practically all of WACI's costs are fixed costs. Meaning that, when a member pays his or her monthly dues, there are no variable costs associated with that payment and all the revenues go toward covering the fixed costs of the business (facilities, salaries, equipment, etc.) WACI's monthly membership dues are $78 per person. The average member keeps his or her membership active for 26 months. In addition to membership, WACI also offers personal training services through a staff of independent athletic trainers. WACI and the trainer split the fees associated with personal training 50/50. Historically, 15% of members choose to use a personal trainer for, on average, 30 training sessions. Sessions with a personal trainer are priced at $40 each.
Required:
a. What is the monthly margin generated by a new membership (don’t include training)?
b. What is the CLV to WACI on the membership component?
c. What is the CLV of the personal training component for a member who chooses to hire a trainer?
d. What is the total CLV for a new member?
e. What would be the net value of implementing a program that doubled the likelihood that a person would hire a personal trainer?
Answers
Answer:
a. What is the monthly margin generated by a new membership (don’t include training)?
$78, since there are no variable costs
d. What is the total CLV for a new member?
the average purchase value = $78 + (15% of customers x 30/26 sessions per month x 50% earnings x $40 per session) = $78 + $3.46 = $81.46
the average purchase frequency = 1 per month
average customer value = $81.46 / 1 = $81.46
average customer lifespan = 26 months
customer lifetime value = average customer value x average customer lifespan = $81.46 x 26 = $2,118
b. What is the CLV to WACI on the membership component?
$78 x 26 = $2,028
c. What is the CLV of the personal training component for a member who chooses to hire a trainer?
$3.46 x 26 = $89.96
e. What would be the net value of implementing a program that doubled the likelihood that a person would hire a personal trainer?
$3.46 per customer, same as the CLV of the personal training component
a.
The monthly margin generated by a new membership is $78 because there are no variable costs
b.
The CLV to WACI on the membership component is
= $78 × 26
= $2,028
c.
the CLV of the personal training component for a member is
= $3.46 × 26
= $89.96
d. The CLV for a new member is
The average purchase value = $78 + (15% of customers × 30/26 sessions per month × 50% earnings × $40 per session)
= $78 + $3.46
= $81.46
the average purchase frequency = 1 per month
average customer value = $81.46 / 1 = $81.46
average customer lifespan = 26 months
So,
customer lifetime value
= average customer value x average customer lifespan
= $81.46 × 26
= $2,118
e. The net value should be
$3.46 per customer, similar to the CLV of the personal training component
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A publication's final deadline for supplying printing material for an advertisement is a ________________?
A. on sale date
B. Cover date
c. Closing date
D.Birth date
Answers
Answer:
c. Closing date
Explanation:
No advertisement is accepted for the next edition after the Closing Date. For an ad to run after this date, the publisher has to issue written permission. Cancellations are also not accepted after this date. Unless otherwise agreed, clients are expected to make full payments for the ad by the end of the closing date.
The on-sale date is the day the issue is expected at the newsstand for customers to buy.
The cost C and the revenue R for a brokerage firm depend on the number T of transactions executed. (Both C and R are measured in dollars.) It costs $730 per day to keep the office open, and brokers are paid an average of $25 per transaction. Also, $35 in fees are collected for each transaction. (a) Find a formula that gives C as a function of T. C(T) = (b) Find a formula that gives R as a function of T. R(T) = (c) Find the number of daily transactions that are needed to make the revenue $1200 more than the cost. 33 daily transactions
Answers
Answer:
C(T) = $730 + $25T
R(T) = $35T
T = 193 transactions
Explanation:
Given that:
C = cost ; R = revenue ; T = number of transactions
Amount paid per transaction = $25
Cost keeping office open = $730
Amount collected on each transaction = $35
(a) Find a formula that gives C as a function of T.
C(T) = Cost of keeping office open + (cost per transaction × number of transactions)
C(T) = $730 + $25T
(b) Find a formula that gives R as a function of T.
R(T) = (Amount collected per transaction * number of transactions)
R(T) = $35T
(c) Find the number of daily transactions that are needed to make the revenue $1200 more than the cost.
R = C + 1200
Substitute the value of R and C into the equation:
35T = 730 + 25T + 1200
35T - 25T = 730 + 1200
10T = 1930
T = 1930 / 10
T = 193 transactions
The cost of equipment purchased by Bonita, Inc., on June 1, 2020, is $119,700. It is estimated that the machine will have a $10,500 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 54,600, and its total production is estimated at 728,000 units. During 2020, the machine was operated 6,600 hours and produced 60,500 units. During 2021, the machine was operated 6,050 hours and produced 52,800 units. Compute depreciation expense on the machine for the year ending December 31, 2020, and the year ending December 31, 2021, using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 45,892.) 2020 2021 (a) Straight-line $ $ (b) Units-of-output $ $ (c) Working hours $ $ (d) Sum-of-the-years'-digits $ $ (e) Double-declining-balance (twice the straight-line rate)
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Answer:
(a) Straight-line $ $
straight line depreciation expense = $109,200 / 7 = $15,600
depreciation expense 2020 = $15,600 x 7/12 = $9,100
depreciation expense 2020 = $15,600
(b) Units-of-output $ $
depreciation expense per unit of output = $109,200 / 728,000 = $0.15 per unit
depreciation expense 2020 = $0.15 x 60,500 = $9,075
depreciation expense 2020 = $0.15 x 52,800 = $7,920
(c) Working hours $ $
depreciation expense per working hour = $109,200 / 54,600 = $2 per working hour
depreciation expense 2020 = $2 x 6,600 = $13,200
depreciation expense 2020 = $2 x 6,050 = $12,100
(d) Sum-of-the-years'-digits
total years = 7 + 6 + 5 + 4 + 3 + 2 + 1 = 28
depreciation expense 2020 = $109,200 x 7/28 x 7/12 = $15,925
depreciation expense 2021 = ($27,300 - $15,925) + (109,200 x 6/28 x 7/12) = $25,025
(e) Double-declining-balance (twice the straight-line rate)
depreciation expense 2020 = $119,700 x 2/7 x 7/12 = $19,950
depreciation expense 2021 = ($34,200 - $19,950) + ($85,500 x 2/7 x 7/12) = $28,500
Explanation:
depreciable value = $119,700 - $10,500 = $109,200
useful life = 7 years
working hours = 54,600
production = 728,000 units
Market data indicates customers will buy 700 sprockets if they are prices at $13 each. If the price rises to $15 they will only buy 500. If the price is $12 a sprocket, the producers will make 400 sprockets. If the price rises to $13 a sprocket, they will produce 600 sprockets. (a) Find a linear model for the demand price. (b) Find a linear model for the supply price. (c) Use Desmos to find the equilibrium point. What number of units is supplied and demanded? What is the price?
Answers
Answer:
Demand = -100P + 2,000
Supply = 200P - 2200
Equilibrium: 600 units and $14 price
Explanation:
We solve for the linear formula of each:
Demand = aP + b
Demand
Quantity Price
700 13
500 15
(700 - 500) / (13 - 15) = 200 / -2 = -100
a = -100
(-100) x 13 + b = 700
(-100) x 15 + b = 500
b = 700 + 1,300 = 2,000
b = 500 + 1,500 = 2,000
Demand = -100P + 2,000
Supply
Quantity price
400 12
600 13
Supply = aP + b
(600 - 400) / ( 13 - 12) = 200
a = 200
400 = 200 x $13 + b
b = 400 + 2600 = -2200
Supply = 200P - 2200
Equilibrium
200P - 2200 = -100P + 2000
300P = 4200
P = 4200 / 300 = 14
Q = -100(14) + 2000 = 600
200 x (14) - 2200 = 600
Several factors affect a firm’s need for external funds. Evaluate the effect of each following factor and place a check next to each factor that is likely to increase a firm’s need for external capital—that is, its AFN (additional funds needed). Check all that apply. The firm increases its dividend payout ratio. The firm’s inventory turnover decreases, with no effect on the sales forecast. The firm previously thought its fixed assets were being operated at full capacity, but now it learns that it actually has excess capacity. Dividends to common shareholders are paid out of after-tax earnings. Do these payouts affect a firm’s AFN? No, dividends do not affect a firm’s AFN, because they are paid out of after-tax earnings. Yes, dividends still affect a firm’s AFN even though they are paid out of after-tax earnings.
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Answer:
1.
The firm increases its dividend payout ratio.This will increase the need for external funds because with more funds going towards dividends, there will be less funds available to fund operations. The company will therefore be more probable of being in need of Additional funds.
The firm’s inventory turnover decreases, with no effect on the sales forecast.If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.
2. Yes, dividends still affect a firm’s AFN even though they are paid out of after-tax earnings.
Even though they are paid after-tax, they still eat into the funds that the business can be able to set aside to fund operations. So when dividends are paid, the need for AFN increases as well.
Is some number of occupational illnesses and injuries an acceptable part of doing business? Why or why not? Explain your answers.
Answers
Answer:
Explanation:
No injury or illness is ever an acceptable part of doing business. It reflects poorly on the company if they don't take the proper steps to prevent illness and injury. OSHA works hard to make sure work places are safe, and levy large fines if they don't meet safety requirements. In addition, if an injury or illness occurs the company can be sued, depending on the severity, the company could go out of business.
onald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable to the total building were incurred by Donald for the year ended December 31, 2019: Real estate taxes $1,800 Mortgage interest 1,600 Utilities 1,200 Repairs (first floor) 1,400 Painting (second floor) 400 In addition, the depreciation attributable to the entire building would be $2,000. What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations)
Answers
Answer:
$3,300
Explanation:
The computation of the total amount of the expenses is shown below:-
Total amount of the expense = Real estate taxes + Mortgage interest + Utilities + Repairs + Paintings + Repairing
= ($1,800 ÷ 2) + ($1,600 ÷ 2) + ($1,200 ÷ 2) + 0 + ($2,000 ÷ 2)
= $900 + $800 + $600 + $0 + $1,000
= $3,300
So, we have applied the above formula.
Cooper Construction Company had a contract starting April 2021, to construct a $24,000,000 building that is expected to be completed in September 2023, at an estimated cost of $22,000,000. At the end of 2021, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4,800,000 and the cash collected during 2021 was 3,200,000. Cooper uses the percentage-of-completion method. At December 31, 2021 Cooper would report Construction in Process in the amount of: A. $ 920,000 B. $10,120,000 C. $11,040,000 D. $ 9,440,000
Answers
Answer:At December 31, 2021 Cooper would report Construction in Process in the amount of: C. $11,040,000
Explanation:
Particulars Amount
Total Contract Price $24,000,000
Expected Costs of Contract $22,000,000
Profit ($24millon -$22millon) $2,000,000
Profit in % of cost $2,000.000/$22,000,000 9.09%
Costs incurred in 2021 $10,120,000
Gross Profit = total gross profit on contract x Total % of completion in 2021 $10,120,000 x 9.09% $919,908
construction in process at 31 Dec 2021=
$10,120,000 + $919,908=$11,039,000 rounded up to $11,040,000
Four finalists have been selected for a job as a travel agent. Which candidate will most likely get the job?
O Daniel, who has an associate's degree in hospitality and tourism management and has traveled around the world
for recreational purposes.
O Susan, who has a certificate in reservation systems used by travel agencies and has completed a six-month
internship at a travel agency
O Robert, who has a bachelor's degree in hospitality and tourism management and has completed a six-month
internship at a travel agency
O Stephanie, who has a high school diploma, experience traveling, and has worked as a part-time assistant at a
local travel agency for three years.
Answers
Answer:
A
Explanation:
plz brainlest
Among the four finalists, the candidate who has been chosen as one for the role of the travel agent is Daniel who has an associate's degree in hospitality and tourism management and has traveled around the world. Hence, option A is appropriate.
What is the role of a Travel Agent?The role of a travel agent is very important nowadays, especially in times when the whole world is reeling under pressure and continuous understanding of things. The most important development over here has to be understood in a variety of ways. The most important of the following things is to clearly understand the notion and understanding of the place where one is targeted to go.
The other most important thing regarding the role of the Travel agent is to carefully understand the requirements of the customers who are willing to travel. To arrange for their own needs and also to make a requisite number of arrangements for the following things.
The other most important thing regarding the role of travel agents is to carefully supervise the hotels, and the travel accommodations- i.e, the transportation and all. The Role of a travel agent is to properly arrange a packaged tour for the same.
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If Ford Motor Company builds a new auto plant in South Africa this is considered to be
Answers
Group of options omitted and they are
a) brownfield investment only
b) brownfield and horizontal investment
c) greenfield and horizontal investment
d) greenfield and vertical investmen
Answer:c) greenfield and horizontal investment
Explanation:
A green-field investment is foreign direct investment whereby a parent company establishes a new subsidiary in a different or foreign country, starting its operations from the scratch, ie building the establishment from ground up and not buying an already existing plant or structure..
By horizontal direct investment , it means that the investor establishes the same type of operation in a different country as it operates in its home country, for example, Ford Motor Company based in the United States building a new auto plant in South Africa.
Rearrange the following steps in the accounting cycle in proper sequence: a. A post-closing trial balance is prepared. 3 b. Adjustment data are asssembled and analyzed. c. Adjusting entries are journalized and posted to the ledger. d. An adjusted trial balance is prepared. e. An optional end-of-period spreadsheet is prepared. f. An unadjusted trial balance is prepared. g. Closing entries are journalized and posted to the ledger. h. Financial statements are prepared. i. Transactions are analyzed and recorded in the journal. j. Transactions are posted to the ledger.
Answers
Answer:
The Accounting Cycle of a Business refers to the entire process of accounting for the transactions in the business from the moment the company begins a new transaction to the end of the period where it is aggregated into other accounts and presented to relevant stakeholders.
There are 10 steps to this cycle and they are;
Transactions are analyzed and recorded in the journal. Transactions are posted to the ledger An unadjusted trial balance is prepared Adjustment data are assembled and analyzed An optional end-of-period spreadsheet is preparedAdjusting entries are journalized and posted to the ledger An adjusted trial balance is prepared Financial statements are prepared Closing entries are journalized and posted to the ledger A post-closing trial balance is preparedi ⇒ j ⇒ f ⇒ b ⇒ e ⇒ c ⇒ d ⇒ h ⇒ g ⇒ a
Which of the following statements is true concerning the consequences of rent controls? A. Construction companies are big winners because more housing units are being built due to guaranteed rental income. B. Low income earners are big winners since it is easier to obtain housing. C. Property owners are big winners since they receive a guaranteed amount of rent. D. Upper income earners are big winners due to the fact that they can better exploit nonprice rationing devices. E. All of the above.
Answers
Answer: D. Upper income earners are big winners due to the fact that they can better exploit nonprice rationing devices.
Explanation:
The market is price rationing which means that when there is more demand than supply for a particular good, it would allocate that good based on price i.e. it will increase the price which would reduce demand and so those who can afford it will afford it.
Nonprice rationing devices (like discrimination) attempt to do this same thing but without using the price mechanism when measures like rent controls are in place.
This means that landlords will start to selectively pick tenants so that they will be sure that they will be paid because they will feel that lower income earners (who can now rent the property due to the rent control) will have a harder time paying. Upper income earners will therefore be big winners because they will get preferential treatment.
Brief Exercise 3-36 (Algorithmic) Preparing and Analyzing Closing Entries At December 31, 2019, the ledger of Aulani Company includes the following accounts, all having normal balances: Sales Revenue, $83,200; Cost of Goods Sold, $43,700; Retained Earnings, $20,000; Interest Expense, $3,200; Dividends, $5,000; Wages Expense, $8,000, and Interest Payable, $2,100. Required: 1. Prepare the closing entries for Aulani at December 31, 2019. If an amount box does not require an entry, leave it blank. Dec. 31 (Close revenues) Dec. 31 (Close expenses) Dec. 31 (Close Income Summary) Dec. 31 (Close Dividends) 2. How does the closing process affect Aulani's retained earnings? of $
Answers
Answer and Explanation:
1. The Closing entries are shown below:-
a. Sales revenue Dr, $83,200
To Income summary $83,200
(Being Close revenue is recorded)
b. Income summary Dr, $54,900
To Cost of goods sold $43,700
To Interest expense $3,200
To Wages expense $8,000
(Being Close expense is recorded)
c. Income summary Dr, $28,300 (83,200 - $54,900)
To Retained earnings $28,300
(Being close income summary is recorded)
d. Retained earnings Dr, $5,000
To Dividend $5,000
(Being Close dividend is recorded)
2. The amount affect after retained earning by
Net income = $28,300 - $5,000
= $23,300
6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. The quality of goods available to consumers The costs of air and water pollution Expenditures on federal highways The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood from Brazil causes in US GDP. g
Answers
Answer:
a.
The quality of goods available to consumers The costs of air and water pollution The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the governmentb. investment; decreases; no overall change
Explanation:
a. GDP only measures goods that have monetary value so when a good cannot be properly quantified in terms of cash, it is difficult to account for it in GDP. Also, even if the good has monetary value for the Government was unaware of it, they will be unable to use it in the calculation of GDP.
For these reasons, the quality of goods available to consumers, the costs of air and water pollution and the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government will not be a part of GDP calculation.
b. When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the investment component of GDP while also decreasing net exports by the same amount. Therefore, the purchase of wood from Brazil causes no overall change in US GDP.
Purchasing raw materials for use in production is considered Investment by GDP. However, since it was imported it will reduce Net Exports which means that the transaction would cancel itself out in the GDP calculation as it would both increase investment and decrease Net exports by the same amounts.
During the month your company paid for gasoline for the company vehicles using the company credit card issued by First Bank. Match the journal entries that are prepared behind the scenes with the corresponding transaction or event that has occurred in QBO. Record purchases on credit card as an Expense Transaction. Answer 1 DR: Gasoline expense, CR: Credit Card payable Reconcile the credit card account and enter a bill for payment later. Answer 2 Choose... Pay the credit card bill with a check
Answers
Answer:
1. Record purchases on credit card as an Expense Transaction.
Dr. Gasoline expense Cr. Credit Card payableThe Gasoline purchase is an expense so it is debited to an expense account. The purchase was paid for by the Credit Card which is a liability so it will be credited.
2. Reconcile the credit card account and enter a bill for payment later.
Dr. Credit Card Payable Cr. Accounts PayableAs the credit Card is a liability it will need to be accounted for as an Accounts Payable.
3. Pay the credit card bill with a check
Dr. Accounts payable Cr. CheckingWhen paying for the credit card bill, the Accounts payable will be debited to recognize the reduction in Accounts payable. The checking account is credited to recognize a reduction in money in the bank account.
differences between a small office and a big office
Answers
Answer:
one is bigger and the other one is smaller
The future of work is characterized by (choose all that apply):
a.
Staying at the same job for your entire career.
b.
Working with international colleagues.
c.
Repetitive jobs.
d.
Multiple career changes.
Answers
Answer:
B
Explanation:
You want a good impression with people and you also need people to help you along the way
X Manufacturing uses a normal cost system and had the following data available for 20x8: Direct materials purchased on account $148,000 Direct materials requisitioned 98,000 Direct labor cost incurred 127,000 Factory overhead budgeted 155760 Factory overhead incurred 137,800 Cost of goods sold 260,000 Beginning direct materials inventory 34,000 Beginning WIP inventory 70,000 Beginning finished goods inventory 55,000 Ending finished goods inventory 104,000 Overhead application rate, as a percent of direct-labor costs 118% Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e.g., 12345 What is the adjusted cost of goods sold assuming the over/under applied overhead is immaterial?
Answers
Answer:
Adjusted cost of goods sold = $247,940
Explanation:
Under / Over-applied overhead = Factory overhead incurred - Factory overhead applied
Under / Over-applied overhead = Factory overhead incurred - (Direct labor cost*Overhead application rate)
= $137,800 - ($127,000*118%)
Over-applied overhead = $137,800 - $149,860
Over-applied overhead = ($12,060)
Adjusted cost of goods sold = Unadjusted cost of goods sold - Over-applied overhead
Adjusted cost of goods sold = $260,000 - $12,060
Adjusted cost of goods sold = $247,940
What is one main objective in the study of economics?
recognizing the types of services available to everyone
recognizing the relationship between producers and consumers
recognizing the reasons why consumers supply services
recognizing the difference between producers and consumers
Answers
Answer: brecognizing the difference between producers and consumers
Explanation:
Economics is the part of social studies that helps us for knowing the production, distribution, and consumption of goods and services to the targeted customers. it mainly focuses upon the environmental and market factor that helps in the marketing and production of goods and services.
One of the main objectives for the study of economics is to recognize the difference between the producer and the consumers.
Reason:
The main objective of economics is to determine and bifurcate the producer and consumer as they are both different.
The producer is the person who is making the finished goods from the raw materials. The producer takes the raw materials either from the market or from the farmer. The entire cost of goods is determined by the producer by the name of the direct cost of goods.
While the consumer is the final user of the produced items. The consumer is the last person in the product cycle. The consumer has to pay the entire cost and expenses being added by various parties of the product cycle.
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https://brainly.com/question/1232441
arret Company has provided the following selected information for the year ended December 31, 2019: Cash collected from customers was $783,000. Cash received from stockholders in exchange for common stock totaled $91,000. Cash paid to suppliers was $361,000. Cash paid to employees was $204,000. Cash to stockholders for dividends was $33,000. Cash received from sale of a building was $250,000. Cash paid for store rent was $39,000. Cash received for interest and dividends was $7,000. Cash paid for income taxes was $55,000. Based on the selected information provided, how much was Garret's cash flow from operating activities?
Answers
Answer:
Cash flow from operating activities = $131,000
Explanation:
Cash flow from operating activities = Collected from customers - Cash paid to suppliers - Cash paid to employees - Cash paid for store rent + Cash received for interest and dividends - Cash paid for income taxes
Cash flow from operating activities = $783,000 - $361,000 - $204,000 - $39,000 + $7,000 - $55,000
Cash flow from operating activities = $131,000
After graduating, you might decide to start a small business. As discussed in this chapter, owners of any business need to know how to calculate the cost of their products. In fact, many small businesses fail because they don't accurately calculate their product costs, so they don't know if they are making a profit or losing money—until it's too late.Suppose that you decide to start a landscape business. You use an old pickup truck that you've fully paid for. You store the truck and other equipment in your parents' barn, and you store trees and shrubs on their land. Your parents will not charge you for the use of these facilities for the first two years, but beginning in the third year they will charge a reasonable rent. Your mother helps you by answering phone calls and providing customers with information. She doesn't charge you for this service, but she plans on doing it for only your first two years in business.In pricing your services, should you include charges for the truck, the barn, the land, and your mother's services when calculating your product cost?InstructionsWrite a response indicating your position regarding this situation. Provide support for your view.
Answers
Answer:
When the value of the service ends, it will be necessary to include the charges for the truck, the granary and the land. It is not necessary to include your mother's service charges, as she is not charging for the service.
Explanation:
Setting up your own business can be quite a big challenge and you need a lot of control and planning so you don't have to lose money. One of the biggest challenges of becoming an entrepreneur is to price the service performed. As was said in the question above, many people do not know how to place a value on the service produced, mainly because they are unable to identify the expense for service production.
In summary, the expense to produce the service must take into account all charges related to any element necessary to perform the service. Thus, we can consider that in the case shown in the question above, it will be necessary for you to include expenses with the truck (gasoline, repairs, exchange of parts, etc.), with the rent of the granary, with the rent of the land and with the gratification of any employee. Since your mother is not charging for her services, this charge should not be included, however, your mother will only be in this service for two years. If the person replacing your mother charges for the service, this should be added to the cost.
You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $461,000 today, plus $461,000 at the end of each of the following six years, for permission to do this. If the appropriate interest rate is 8 percent, what is the present value of the cash flow stream that the company is offering you? (Round factor values to 4 decimal places, e.g. 1.5215 and final answer to 2 decimal places, e.g. 15.25.)
Answers
Answer: $2,592,156.90
Explanation:
The payments of $461,000 are constant so this will be an annuity.
The present value of the cashflow being offered will therefore be the $461,000 being paid today plus the present value of the annuity.
Present value of Annuity = Annuity * Present value interest factor for 8%, 6 years.
= 461,000 * 4.6229
= $2,131,156.90
Present Value of cashflow;
= 461,000 + 2,131,156.9
= $2,592,156.90
What is the term for the joining of two or more firms involved in different stages of producing the same good or service?
horizontal merger
conglomerate
closely held corporation
vertical merger
Answers
Answer:
vertical merger
Explanation:
Identify which of the following accounts should be closed with a debit or a credit to Retained Earnings at the end of the fiscal year. If it is not closed to Retained Earnings , mark as N/A. 1. Utilities Payable 2. Utilities Expense 3. Supplies 4. Supplies Expense 5. Fees Earned 6. Unearned Fees 7. Accounts Receivable 8. Dividends 9. Retained Earnings 10. Accumulated Depreciation-Equipment 11. Depreciation Expense-Equipment 12. Equipment 13. Prepaid Insurance 14. Insurance Expense
Answers
Answer:
Please see below
Explanation:
1. Utilities payable N/A
2. Utilities expense ...N/A
3. Supplies ...N/A
4. Supplies expense .....N/A
5. Fees earned...N/A
6. Unearned fees...N/A
7. Accounts Receivable ....N/A
8. Dividends ........Dr to retained earnings
9. Retained earnings.....Cr to retained earnings
10. Accumulated depreciation - equipment... N/A
11. Depreciation expense- Equipment.....N/A
12. Equipment...N/A
13. Prepaid insurance.....N/A
14. Insurance expense.....N/A
