A movie studio sells the latest movie on DVD to VideosRUs at $10 per DVD. The studio's cost of production is $1 per DVD. VideosRUs prices the videos at $19.99 to its customers. The studio offers to buy back unsold DVDs for $5. The studio must pay $.50 disposal fee for all returned DVDs. How many videos should VideosRUs order if the current sales forecast for the DVD is that demand will be normal with a mean of 10,000 and a standard deviation of 5,000

Answer:

1)

Dr Cash 100,750

    Cr Common stock 100,750

Dr Office supplies 1,250

    Cr Cash 1,250

Dr Equipment 10,050

    Cr Accounts payable 10,050

Dr Cash 15,500

    Cr Fees earned 15,500

Dr Accounts payable 10,050

    Cr Cash 10,050

Dr Accounts receivable 2,700

    Cr Fees earned 2,700

Dr Rent expense 1,225

    Cr Cash 1,225

Dr Cash 1,125

    Cr Accounts receivable 1,125

Dr Dividends 10,000

    Cr Cash 10,000

2)

         Cash                                             Accounts receivables

Debit           Credit                                 Debit           Credit    

100,750       1,250                                  2,700          1,125  

15,500         10,050                                1,575

1,125             1,225

                    10,000

94,850

 Office Supplies                                       Equipment

Debit           Credit                                 Debit           Credit    

1,250                                                       10,050                    

1,250                                                       10,050

Accounts payable                                   Common Stock

Debit           Credit                                 Debit           Credit    

10,050        10,050                                                    100,750

0                  0                                                              100,750

   Fees earned                                      Rent Expense

Debit           Credit                                 Debit           Credit    

                   15,500                                1,225                      

                   2,700                                 1,225

                   18,200

     Dividends

Debit           Credit

10,000                  

10,000

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 =  Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

Answer:

II. under controlling the process by not reacting to special cause variation occurring.

Explanation:

Note the fact that Edwards Deming see such a scenario as one that is not previously observed, but that could be reacted to.

The special cause variation in this scenario refers to the increase in scrap value significantly when a worker who falls sick was replaced by another to operate his machine. The negligence of Management is evident from the fact even after the original worker returns, and the scrap decreases to the original level, the Management feels satisfied it has fixed the problem without any idea how the high rate of scrap occurred.

Answer:

They would require $624,532.94  more

Explanation:

The first task is to compute the future value of the monthly deposit of $6,827 with an interest of 0.65% per month for five years.

=fv(rate,nper,-pmt,pv)

rate id 0.65% per month

nper is the number of deposits =5 years*12=60

pmt is the monthly deposit of $6,827

pv is the present value of deposits,it is unknown and taken as zero

=fv(0.65%,60,-6827,0)=$499,020.06  

balance of the required funds=required funds-future value of the deposits

balance of required funds= $1,123,553-$499,020.06=$624,532.94  

Answer:

1. $60,000

2. $30,000

3. $20,000

Explanation:

1. How much of the raw materials cost would be added to the Work in Process Inventory account during the period?

The amount to add add to the Work in Process Inventory account during the period is the direct material used calculated as follows:

Direct raw materials used =  Materials requisition 1445 For Job 101 + Materials requisition 1446 For Job 102 = $25,000 + $35,000 = $60,000

2. How much of the raw materials costs would be added to the Manufacturing Overhead account?

Manufacturing overhead refers to all indirect costs that are incurred during the production process. Therefore, the raw materials costs that would be added to the Manufacturing Overhead account is the indirect materials used on multiple jobs.

Therefore, we have:

Amount to add to the Manufacturing Overhead account = Indirect materials used = $30,000

3. Compute the ending balance in the Raw Materials Inventory account.

Ending raw materials balance = Beginning raw materials + Purchases of raw materials - Direct raw materials used - Indirect materials used = $20,000 + $90,000 - $60,00 - $30,000 = $20,000

Answer:

Available for advertizing campaing 480,000

Explanation:

First we calculate the current operating income:

sales price less all uniit operating cost

90 - 35 - 12 - 8 - 5 - 15 - 8 = 7

$7 x 60,000 units =  $420,000 operating income

Now we calculate the new contribution margin and operating income

materials + labor + variable overhead + variable sale = total variable

35 + 12 + 8 + 15 = 70

new contribution margin per unit

98 - 70 = 28

sales 60,000 units less 10% = 54,000 units

contribution margin

28 x 54,000 =                      1,512,000

Fixed overhead                    300,000

Fixed selling and adming     480,000    

operating income                  732,000

Potential contribution from additional sales:

6,000 units x $28   =              168,000

Less: before raising income (420,000)

Available for advertizing campaing 480,000

Answer:

Explanation:

Statement showing calculation of current income

Particulars                                                                            Amount

Sales (60000x90)                                                            $5400000

Less Material cost (60000x$35)                                    $2100000

Less: labour cost (60000x$12)                                        $720000

Less: Variable Overhead(60000x$8)                              $480000

Less: Variable selling and admin Exp.(60000x$15)        $900000

Less: Fixed overhead                                                       $300000

Less: Fixed selling and admin expenses                       $480000

Net inome                                                                        $420000

Proposed increase in Selling price = $98/unit

Resultant decrease in production = 10%X60000 = 6000 units

Revised income = 54000(98-35-12-8-15) - 300000 - 480000

= $732000

Maximum amount that can be spent on advertising so as to manitain the current level of income of $420000 is $312000 (i.e., $732000-$420000).

Explanation:

Looking from a fair point of view, the White owners of businesses have legitimate reasons to feel that the Act constitutes illegal reverse discrimination.

Remember, reverse discrimination implies an unfair treatment of the majority group (White owners) in an effort to please the minority group. This is evident from the fact that the 10 percent of all federal grants to be released by the Economic Development Administration was only to be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups excluding the White business owners; making the White owners feel discriminated against.

Thus, unintentionally the Act became a reverse discrimination on White business owners.

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: a. -$150 b. $9810 c. $9660

Explanation:

Stock B and E were chosen as the short term for the holding period while stock A, C, D were chosen as long term for the holding period because the time duration is longer.

For question (a), Grayson's net short-term capital loss from these transactions was -150.

For question (b), Grayson's net long-term gain from these transactions was $9810.

For question (c), Grayson's overall net gain from these transactions was:

= $9810 - $150

= $9660

Kindly check the attached document for further analysis.

Answer:

B) Show connections with transitional expressions.

Explanation:

When paragraphs are formed there needs to be a smooth flow so the reader can clearly understand what is being communicated. Paragraph coherence is used to achieve this.

An important method in achieving paragraph coherence is the use of transitions.

Transitions are words or a set of word that connects sentences and ideas together in a paragraph. It makes the relationship between ideas clear and understandable.

Coherence is used to make the ideas expressed flow smoothly and logically.

Answer:

At December 31, Black should record interest revenue of: $545

Explanation:

Black Company receives a 10% interest bearing note from Reese Company to settle an $21,800 account receivable.

The amount of the interest per year = 10% x $21,800 = $2,180

At December 31, following 3 months, the interest accrual = $2,180/12 x 3 = $545

Journal entries to record the interest accrual:

Debit Interest receivable $545

Credit Interest revenue $545

Answer:

4 years

Explanation:

Payback period calculates the amount of the time it takes for the amount invested in a project to be recovered from the cumulative cash flow.

Payback period = amount invested / annual cash flows

= $400,000 / $100,000 = 4 years

I hope my answer helps you

Answer:

c. the media channel used is inappropriate.

Explanation:

In the advert been shown, naturally as it is been stated to be that which has to portray or exhibit the qualities of a cool kid. And as a cool kid, as the words align, their could be other forms of play or kid plays to be done to qualify a child within the range of 3 to 13 as a cool kid. Therefore at the end of the day and session, it could easily be concluded that the media channel obviously inappropriate approach to their in their advertisement. It is looks a little weird because a ramp usage can be seen in scenarios where maybe stubborn or rough children are been gathered or play together at.

Answer:

For X = $7,130

For Y = $9,690

Explanation:

The calculation of investment in stock X and stock Y is shown below:-

We assume the weight of investment in stock x = x

Expected return = Weight of x × Return of x + Weight of y × Return of y

12.15 = x × 15 + (1 - x) × 10

12.15 = 15x + 10 - 10x

x = (12.15 - 10) ÷ 5

x = 43%

Investment in stock Y = 100 - 43

= 57%

Now,

Dollar Investment in x = Stock investment × Expected return

= $17,000 × 43%

= $7,130

Dollar Investment in x = Stock investment × Expected return

= $17,000 × 57%

= $9,690

So, we have applied the above formula.

Answer:

A) The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 612,000

    Cr Bonds payable 600,000

    Cr premium on bonds payable 12,000

B) The payment of interest and the related amortization on July 1, 2017.

July 1, 2017, first coupon is paid

Dr Interest expense 29,700

Dr Premium on bonds payable 300

    Cr Cash 30,000

C) The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest payable

Dr Interest expense 29,700

    Cr interest payable 29,700

Explanation:

$600,000 of 10%, 20-year bonds at 102, interest is paid semiannually ($600,000 x 10% x 1/2 = $30,000)

straight line amortization method is used to amortize bond premium

bond premium = $12,000 / 40 coupons = $300 amortized with each coupon payment

Answer: Makers--E

Explanation:The VALS  system is a system that describes the Values, Attitude lifestyles of individuals and their responsiveness to buying products. Understanding this system, affords businesses the opportunity to tailor their products to suit their target consumers.

The Makers are characterized as being practical  and expressive, having skills  which enable them to carry out their task successfully.  They value family life and therefore cut down on frivolities and non functional possessions. when it comes to consumption, they would rather go for the basic essential commodities that have value  than luxury goods.

Therefore, A hardware store is interested in reaching people who are characterized by the VALS system as being practical,down-to-earth,and self-sufficient who like to work with their hands,the MAKERS category.

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a "Program Evaluation and Reviews Techniques" or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

Answer:

In Economics, the phrase "All esle held constant" is also sometimes written in Latin "Ceteris Paribus". In Economics, this assumption is fundamental to the whole academic discipline since Economics is based on economic models that make a series of assumptions in order to reach partial conditions.

So in Economics, the reasoning is always in the manner of "all else held constant".

In Marketing, what is always done is to estimate demand for a product, and then, apply a marketing strategy in order to try to not only meet demand, but sell even more. This is because the main goal of Marketing is to satisfy customers beyond their expectations.

Answer:

Apartment (1)=====> (N) Purchases (M) =====> Product(1).

Explanation:

So, in this question we are given the following; Name, Apt # , Products, Price and Quantity. With this data or parameters or information we will be able to know that there should be another parameters in a table which are;

=> Apartment: with this parameter and the apt # each person or Individual can be Identifed.

=> Purchases: this table will be about the details of the person or Individuals the bought the products and what quantity was bought.

=> Product: here, this parameter can be used in saving or storing the name of each products and the prices of each one of them.

Hence;

(1). APARTMENT = Apt#, Name => where Apt# will be the primary key because it is unique.

(2). PRODUCTS= Products, Price => where product is the unique key.

(3). PURCHASES = Apt #, product quantity => where Apt # is a foreign key and an attribute of product in the ''purchases" table.

Kindly check the attachment for the diagram

Answer:

Option (B) If the market rate of interest is 10%, the bonds will issue at a discount

Explanation:

Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.

Answer:

Activity Units    Units cost      Cost of Goods     Available

Beginning Inventory        10   $60.00   $600

1st week purchase           10   $61.00    610

2nd week purchase        10   $62.00   620

3rd week purchase         10   $65.00   650

4th week purchase         10   $70.00   700

Units available for sale 50

Cost of goods available for sale $3,180

Explanation:

We can compute the cost of goods available for sale and the units available for sale for this four-week period by assuming that no sales occur during those four weeks

Activity Units Unit Cost Cost of Goods Available

Beginning Inventory 10 60 600

1st Week purchase 10 61 610

2nd Week purchase 10 62 620

3rd Week purchase 10 65 650

4th Week purchase 10 70 700

Units available for sale 50    

Cost of goods available for sale  3180

Thus, in the above it is shown the computing of the cost of goods available for sale and the units available for sale for this four-week period by assuming that no sales occur during those four weeks.

Learn more about cost, here:

https://brainly.com/question/28295166

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Answer:

The yield to maturity on the 2 year-zero coupon bond is 13.85%  as computed in the explanation section below

Explanation:

The yield to maturity on the 2-year-zero coupon  bond can be computed using the rate formula in excel as shown thus:

=rate(nper,pmt,-pv,fv)

nper is the number of annual coupon payments which is 2

pmt is the amount of annual coupon payment which is zero since it is a zero coupon bond

pv is the current price of the bond which is $77.15

fv is the face value of the bond which is $100

=rate(2,0,-77.15,100)=13.85%

Answer:

Risk is higher if a company has more assets.

Explanation:

All of the following statements are true and correct;

1. Higher financial leverage involves higher risk.

2. Risk is higher if a company has more liabilities.

3. The debt ratio is one measure of financial risk.

4. Lower financial leverage involves lower risk.

However, it is false and an absolutely incorrect to say risk is higher if a company has more assets.

A company having more assets would have a debt ratio less than one (1) because it has many assets to fund it's business. Thus, the company would have little or no debts and as such, it's risk portfolio is very low.

Hence, risk is lower if a company has more assets.  

Answer:

ROI=10%

ROIC=0.83

Explanation:

Net Income = $26,000

Interest expense = $6,000

Tax rate = 45%

Payable = $23,000

Long-term debt = $70,000

Common equity = $260,000

1. ROE = Net Income / Common equity

= 26,000 / 260,000

=0.1

=10%

2. ROIC = EBIT * (1-Tax rate) / Invested capital

EBIT = Net Income before tax + Interest

Net Income before tax = (Net income * 100) / (100-Tax rate)

Net Income before tax = 26000 * 100 / 100-45

=2600000 / 55

Net Income before tax = 47272.72

EBIT = 47272.72 + 6,000

=53272.72

Invested Capital = Note payable + Long term debt.+ Common Equity

=23000 +70000 +260000

=$353,000

Therefore ROIC = EBIT * (1-Tax rate) / Invested capital

ROIC= 53272.72 * (1-0.45) / 353,000

=53272.72*0.55 / 353,000

=292299.996/353,000

=0.8280

=0.83

ROIC= 0.83

Answer:

Queensland Wale -18%

New South Wales-21%

The manager of New South seems to be doing  a better job with a higher return on investment of 21%

Explanation:

Return on investment stated in terms of margin and turnover combines the margin formula and the asset the turnover formula as below:

Return on investment=Net operating income/sales*sales/average operating assets:

Queensland Wales:

Net operating income is $360,000

sales is $4,000,000

average operating assets is $2,000,000

return on investment=$360,000/$4000,000*$4000,000/$2000,0=18%

New South :

Net operating income is $420,000

sales is $7,000,000

average operating assets is $2,000,000

return on investment=$420,000/$7000,000*$7000,000/$2000,000=21%

Answer:

A) EPS will decrease by $0.05 to $0.69

B) EPS will decrease by $0.01 to $0.73

C) The impact on EPS is smaller if the company is acquired. This doesn't mean that it is cheaper to do it that way, but since the EPS is very low, any significant increase in costs will result in steep reduction of EPS. The cheapest way would be to issue new stocks to cover the expenses of developing the new technology.

Explanation:

6.6 billion shares outstanding and a share price of $18.41, current EPS $0.74, total current earnings = $4,884 million

in house development = $498 million will reduce net earnings by $498 x 65% = $323.7 million or $0.05 per share

EPS = $0.74 - $0.05 = $0.69

if Quisco decides to acquire the company, then total shares will increase by $913,000,000 / $18.41 = 49,592,613 shares

total outstanding shares = 6,600,000,000 + 49,592,613 = 6,649,592,613 shares

EPS = $4,884,000,000 / 6,649,592,613 = $0.73

Answer:

$278,606

Explanation:

Calaculation of the net present value of the refunding:

The first step is to calculate call premium :

Call premium= 2,000,000 x 5%

= 100,000

Second step is to calculate the Flotation cost

Flotation cost = 2,000,000 x 2%

= 40,000

Calculation for Old interest = 2,000,000 x (7% / 2) = 70,000

Caluclatio fo New interest = 2,000,000 x (5% / 2) = 50,000

Therefore the Six months savings will be:

20,000 70,000 + 50,000 + 20,000 = 140,000

The PV of savings 30 periods 5% / 2 will be:

20,000 x 20.9303 = 418,606

Therefore the Net Present Value of the refunding will be:

418,606- 140,000

= $278,606

Answer:

Yes Strawberry line should be dropped as it reduces the overall profit by$ 3600 when the fixed costs are not 20 %

Yes Strawberry line should be dropped as it reduces the overall profit by$ 1720 even when the fixed costs are  20 %

Explanation:

Cotrone Beverages

Differential Analysis

                          Totals                    Totals             Difference / Change

                      including    (less)   Without   (equals)

                     Strawberry             Strawberry

Sales                           253,200    167,600           85600  Decrease

Variable costs              201,400   124,200          77200    Decrease

Fixed costs allocated  35,600        28,480          7120    Decrease

Operating profit (loss)   13,200       14,920           (1720)     Increase

Working

Total Fixed Costs Reduced will be = 35,600 *20%= 7120

Here we see the profit is increased by 1720 therefore strawberry line should be dropped.

Cotrone Beverages

Differential Analysis

                          Totals                    Totals             Difference / Change

                      including    (less)   Without   (equals)

                     Strawberry             Strawberry

Sales                           253,200    167,600           85600  Decrease

Variable costs              201,400   124,200          77200    Decrease

Contribution margin     51,800       43,400           8,400    Decrease

Fixed costs allocated  35,600        23,600          12000    Decrease

Operating profit (loss)   13,200       16,800           (3,600)   Increase

Yes Strawberry line should be dropped as it reduces the overall profit by$ 3600

Working

We find the totals with and without the strawberry product line and then subtract to find the   differential costs

Cotrone Beverages

Product                        Original             Strawberry       Orange     Total

Sales                            $65,200            $85,600         $102,400   253,200

Variable costs              44,000              77,200             80,200      201,400

Contribution margin $21,200                $8,400          $22,200       51,800

Fixed costs allocated 9,400                  12,000              14,200     35,600

Operating profit (loss) $11,800               $(3,600)           $8,000     13,200

If we drop the strawberry line then the new totals would be

Product                        Original          Orange      Total

Sales                            $65,200       $102,400   167,600

Variable costs              44,000          80,200      124,200

Contribution margin $21,200          $22,200       43,400

Fixed costs allocated 9,400               14,200     23,600

Operating profit (loss) $11,800           $8,000     16,800

Answer:

Total allocation= $318.25

Explanation:

Giving the following information:

Loading and unloading: Number of pieces - $85,785 - 90,300

Travel: Miles driven - $468,000 - 585,000

Logistics: Hours - $65,520 - 3,120

Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics.

First, we need to calculate the estimated overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Loading and unloading= 85,785/90,300= $0.95 per piece

Travel= 468,000/585,000= $0.8 per mile

Logistics= 65,520/3,120= $21 per hour

Finally, we can allocate overhead to Job XZ3275:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Loading and unloading= 0.95*150= $142.5

Travel= 0.8*200= $160

Logistics= 21*0.75= $15.75

Total allocation= $318.25

Answer and Explanation:

The computation is shown below:

a. Schedule variance (SV)

= Earned value - planned cost

= $600 - $560

= $40

b. Cost variance (CV)

= Earned value - actual cost

= $600 - $650

= -$50

c. Consumer price index (CPI)

= Earned value ÷ actual cost

= $600 ÷ 650

= 0.92

As we can see from the above calculation, the project showed negative CV i.e overbudgeted but at the same time, it also showed Positive SV i.e the project is on schedule.

And, the CPI determines that the completing cost is more than the planned cost that reflects the bad condition