Answer:
Cutting $8,600
Binding $19,657
Explanation:
Calculation to Determine the ending balances in the Work in Process Inventory accounts of each department
Ending work in process:
Cutting = $1,070 + $3,400+ $10,140 + $11,100- $17,110
Cutting = $8,600
Binding = $1,250 + $2,766 + $3,350+ $9,456+ $18,725 + $17,110 - $33,000
Binding= $19,657
Therefore the ending balances in the Work in Process Inventory accounts of each department is:
Cutting $8,600
Binding $19,657
Benny is the manager of an office-support business that supplies copying, binding, and other services for local companies. He must replace a worn-out copy machine that is used for black-and-white copying. He is considering two machines, and each of these has a monthly lease cost plus a cost for each page that is copied. Machine 1 has a monthly lease cost of $619, and there is a cost of $0.040 per page copied. Machine 2 has a monthly lease cost of $685, and there is a cost of $0.025 per page copied. Customers are charged $.12 per page copied. If Benny expects to make 75,000 copies per month, what would be the monthly cost for each machine
Answer:
Results are below.
Explanation:
Giving the following information:
Machine 1:
Monthly lease cost of $619
Cost per page= $0.040
Machine 2:
Monthly lease cost of $685
Csot per page= $0.025
First, we need to structure the total cost formula for each machine:
Machine 1:
Total cost= 619 + 0.04x
Machine 2:
Total cost= 685 + 0.025x
Now, the cost of 75,000 pages:
Machine 1:
Total cost= 619 + 0.04*75,000= $3,619
Machine 2:
Total cost= 685 + 0.025*75,000= $2,560
motors are packaged for sale in a certain warehouse. The motors sell for $100 each, but a double-your-money-back guarantee is in effect for any defectives the purchaser may receive (i.e. the seller pays buyer $200 for any defective item). Find the expected net gain for the seller if the probability of any one motor being defective is 0.08. (Assume that the quality of any one motor is independent of that of the others.) Show all work by defining the variables of interest and its distributions.
Answer:
$840
Explanation:
the question misses an important detail, number of motors.
I used 10 as the total number of cars. from the solution i believe you would be able to solve any other problem of this sort yourself.
n = 10
p = 1-probability of any 1 motor being defective
= 1-0.08
= 0.92
going further in solving this problem, i will use the binomial distribution
we have expected value as;
Σxp(x)
= $100 x p(of 100) - $100 x p(of losing 100)
= 100(0.92) - 100(0.08)
= 92 - 8
= $84
from here we multiply 84$ by n
remember n = total number of cars = 10
10 x $84
= $840
When you introduce your product to a focus group or a small geographical location, which activity does it signify?
You would like to combine a risky stock with a beta of 1.5 with U.S. Treasury bills in such a way that the risk level of the portfolio is equivalent to the risk level of the overall market. What percentage of the portfolio should be invested in Treasury bills? (Formula: Portfolio beta = w1 * beta 1 + w2 *beta 2; w1+w2 = 1) Round your answer to the integer. Note that the answer needs to be in PERCENTAGE. Weight in stock = Blank 1. Fill in the blank, read surrounding text. 67 % Weight in T-Bill = Blank 2. Fill in the blank, read surrounding text. 33 %
Answer:
33.33%
Explanation:
Let weight of T-bill be x, therefore weight of stock will be 1-x
Portfolio = Weight of stock*Beta of stock + Weight of T-bills*Beta of T-bills
1 = (1-x)*1.5 + x*0
1 = 1.5 - 1.5x
x = 0.5/1.5
x = 0.3333
x = 33.33%
Therefore, the percentage of the portfolio invested in treasury bills is 33.33%.
how do you understand the word business finance?
Answer:
Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities
Answer:
in my opinion and own words
Explanation:
Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business
.(Thank you and sorry)0
The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: Production Volume Component 950 units 750 units Direct materials $17.00 per unit $17.00 per unit Direct labor $39.61 per unit $50.17 per unit Manufacturing overhead $18.08 per unit $20.10 per unit Round your answers to the nearest dollar. Fill in the blank without $ sign or comma or period, e.g., 12345 The approximate total cost to manufacture 850 units is:
Answer:
68204
Explanation:
The computation of total cost is shown below:-
The Total cost of 950 units
= 950 units × (17 + 39.61 + 18.08)
= 950 units × 74.69
= 70955.50
now,
The total cost of 750 units
= 750 units × (17 + 50.17 + 20.10)
= 750 units × 87.27
= 65452.5
So,
Variable cost per unit
= (Total cost at highest activity - Total cost at lowest activity) ÷ (Highest activity - Lowest activity)
= (70955.5 - 65452.50) + (950 units - 750 units)
= 5503 ÷ 200 units
= 27.515 per unit
And
Fixed cost
= Total cost at 750 Units - Variable cost at 750 units
= 65452.5 - (750 × 27.515)
= 65452.5 - 20636.25
= 44816.25
Hence,
Total manufacture cost of 850 units
Total Manufacturing cost = Variable cost + Fixed cost
=(850 × 27.515) + 44816.25
= 23387.75 + 44816.2
= 68204
Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:
Molding Finishing Total
Estimated total machine-hours (MHs) 3,250 3,000 6,250
Estimated total fixed manufacturing overhead cost $27,000 $4,700 $31,700
Estimated variable manufacturing overhead cost per MH $ 1.00 $ 2.00
During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow:
Job A Job M
Direct materials $15,900 $ 9,700
Direct labor cost $ 23,000 $ 9,500
Molding machine-hours 1,250 2,000
Finishing machine-hours 1,750 500
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.)
a) $58,550
b) $99,500
c) $76,115
d) $17,565
Answer:
Results are below.
Explanation:
Giving the following information:
Estimated total machine-hours (MHs)= 6,250
Estimated total fixed manufacturing overhead cost= $31,700
Estimated variable manufacturing overhead cost= (1*3,250 + 2*3,000)= $9,250
Job A
Direct materials $15,900
Direct labor cost $ 23,000
Molding machine-hours 1,250
Finishing machine-hours 1,750
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (31,700 + 9,250)/6,250
Predetermined manufacturing overhead rate= $6.55 per machine hour
Now, we can calculate the total cost of Job A:
Total cost= 15,900 + 23,000 + 6.55*3,000
Total cost= $58,550
Finally, the selling price for Job A:
Selling price= 58,550*1.3= $76,115
Exercise 1-13 Identifying effects of transactions using the accounting equation LO P1 Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner Invested $59,000 cash in the company along with equipment that had a $16,000 market value in exchange for its common stock. b. The company paid $2,500 cash for rent of office space for the month. C. The company purchased $17,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and Immediately collected the $2,500 cash earned. e. The company completed work for a client and sent a bill for $7,300 to be received within 30 days. f. The company purchased additional equipment for $5,900 cash. g. The company paid an assistant $3,500 cash as wages for the month. h. The company collected $4,600 cash as a partial payment for the amount owed by the client in transaction e. 1. The company paid $17,000 cash to settle the liability created in transaction c. J. The company paid $1,100 cash in dividends to the owner (sole shareholder).
Answer:
I used an excel spreadsheet since there is not enough room here.
Explanation:
Effects of transactions using the accounting equation in this transaction will be in the form of double entry.
What is an accounting equation?Accounting is the practice of consistently keeping track of and handling account balances. Basic accounting keeps track of transactions and makes them transparent. All company transactions are split into credits and debits using this system.
Receivables are any possessions that have the potential to provide future financial gain. Your debts to other people are called liabilities.
The accounting equation will be:
Asset = liabilities + equity
The equation in the lengthy form will be:
Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.
Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. so he needs to record every transaction and account for them in the balance sheet, assets, liabilities, and owner's equity.
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Kal Tech Engineering Systems is considering buying a CNC machining center for its operation in Tennessee. The net benefits in the first year is estimated to be $40,000 and increasing at the rate $5,000 for the next four years and stays at the same level as that of year 5 for the next 5 years. If MARR is 8%, determine the amount of money that the company can invest justifying on this machining center. A salvage value of 20% of the initial cost is reasonable to assume at the end of year 10.
Answer:
If investment amount is at most equals to $396,311.20 then this project is justifiable.
Explanation:
Lets find Present worth of this project so that this calculated present worth amount equals to the amount of money that the company can invest
Present worth of project = Sum of discounted future cash flow over the life of project = PW of Benefits + PW of Salvage value
X=(40000/1.08)+(45000/1.08^2)+(50000/1.08^3)+(55000/1.08^4)+(60000/1.08^5)+(60000/1.08^6)+(60000/1.08^7)+(60000/1.08^8)+(60000/1.08^9)+(60000/1.08^10)+(0.2X/1.08^10)
X=359612.8+0.2X/(1.08^10)
X=359612.8+0.0926X
0.9074X=359612.8
X = 359612.8/0.9074
X = 396311.2
Conclusion: if investment amount is at most equals to $396311.2 then this project is justifiable
Peabody, Inc., sells fireworks. The company’s marketing director developed the following cost of goods sold budget for April, May, June, and July. April May June July Budgeted cost of goods sold $79,000 $89,000 $99,000 $105,000 Peabody had a beginning inventory balance of $2,700 on April 1 and a beginning balance in accounts payable of $15,000. The company desires to maintain an ending inventory balance equal to 20 percent of the next period’s cost of goods sold. Peabody makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Peabody will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Peabody will report on the end-of-quarter pro forma balance sheet. This is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next Visit question mapQuestion 7 of 7 Total7 of 7 Prev
Answer:
Peabody, Inc.
a. Inventory Purchase Budget:
April May June
Budgeted cost of goods sold $79,000 $89,000 $99,000
Add Ending Inventory 17,800 19,800 21,000
Cost of Goods Available 4 Sale $96,800 118,800 120,000
Less Beginning Inventory 2,700 17,800 19,80
Purchases $94,100 $101,000 $100,200
b. The amount of Ending Inventory that Peabody will report on the end-of-quarter proforma balance sheet is:
$21,000
c. A Schedule of Cash Payments for Inventory:
April May June
70% in month of purchase 65,870 70,700 70,140
30% in the month following 15,000 28,230 30,300
Total payment $80,870 $98,930 $100,440
d. Balance of the Accounts Payable is:
$30,060
Explanation:
a) Data and Calculations:
1. Cost of Goods Sold Budget:
April May June July
Budgeted cost of goods sold $79,000 $89,000 $99,000 $105,000
Add Ending Inventory 17,800 19,800 21,000
Cost of Goods Available 4 Sale $96,800 118,800 120,000
Less Beginning Inventory 2,700 17,800 19,800 21,000
Purchases $94,100 $101,000 $100,200
Accounts Payable
Beginning balance $15,000 $28,230 $30,300
Purchases $94,100 $101,000 $100,200
Less payment:
70% in month of purchase 65,870 70,700 70,140
30% in the month following 15,000 28,230 30,300
Ending balance $28,230 $30,300 $30,060
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivable with a face amount of $48,000 and equipment with a cost of $193,000 and accumulated depreciation of $103,000. The partners agree that the equipment is to be priced at $90,000, that $3,100 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $1,300 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Fallows contributes cash of $28,700 and merchandise inventory of $56,000. The partners agree that the merchandise inventory is to be priced at $60,500.Journalize the entries to record in the partnership accounts (a) Barton's investment and (b) Fallows' investment. If an amount box does not require an entry, leave it blank or enter "0".
Answer:
(a) Barton's investment
Date Account Titles and Explanation Debit Credit
Accounts receivables $44,900
($48,000 - $3,100)
Equipment $90,000
Allowances for uncollectible $1,300
Barton Capital $133,600
(To record Barton's contribution)
(b) Fallows' investment
Date Account Titles and Explanation Debit Credit
Cash $28,700
Merchandise Inventory $60,500
Fallow Capital $89,200
(To record Fallow's contribution)
You are given the following series of one-year interest rates: 3%, 5%,13 %, 15% Assuming that the expectations theory is the correct theory of the term structure, calculate the interest rates in the term structure for maturities of one to four years, and plot the resulting yield curve. 1. Using the point drawing tool, plot the interest rate (calculated using the data above) for each of the four terms to maturity. Properly label each point according to its corresponding term. 2. Using the 4-point curved line drawing tool, connect these points. Label your curve 'yield curve'. Carefully follow the instructions above, and only draw the required objects.
Answer:
interest rate for year 1 = 3%
interest rate for year 2 = ( 3% + 5% )/2 = 4%
interest rate for year 3 = ( 3% + 5% + 13% )/ 3 = 7%
interest rate for year 4 = ( 3% + 5% + 13% + 15%) / 4 = 9%
Explanation:
Interest rates :
interest rate for year 1 = 3%
interest rate for year 2 = ( 3% + 5% )/2 = 4%
interest rate for year 3 = ( 3% + 5% + 13% )/ 3 = 7%
interest rate for year 4 = ( 3% + 5% + 13% + 15%) / 4 = 9%
Attached below is the plot
Matt inherited as a trust a fifteen-year annuity-immediate with annual payments. He has been told that the annuity payments earn compound interest at a level rate and that at the end of fifteen years, their accumulated value will be $37,804.39. He has further been assured that figured at this same rate of interest, the value of his inheritance was $15,077.10. The trust executor will not reveal the amount of the annual payments. Determine this amount and also the annual effective interest rate earned by the annuity payments.
Answer:
effective annual interest rate = 6.32%
annual payment = $1,585
Explanation:
I believe that this is an ordinary annuity, so we can use the future and present value of an ordinary annuity formula:
FV = annual payment x FV annuity factor, so annual payment = FV / FV annuity factor
PV = annual payment x PV annuity factor, so annual payment = PV / PV annuity factor
we can equal both equations:
PV / PV annuity factor = FV / FV annuity factor
FV / PV = FV annuity factor / PV annuity factor
$37,804.39 / $15,077.10 = FV annuity factor / PV annuity factor
2.5074 = FV annuity factor / PV annuity factor
the easiest way to solve this is to use an annuity table since we already know that there are 15 periods (I used an excel spreadsheet):
%,15 periods FV annuity factor PV annuity factor FV/PV
1 16.097 13.865 1.1609
2 17.293 12.849 1.34586
3 18.599 11.938 1.55797
4 20.024 11.118 1.80104
5 21.579 10.380 2.07890
6 23.276 9.7122 2.3966
7 25.129 9.1079 2.7590
8 27.152 8.5595 3.1721
9 29.361 8.0607 3.6425
10 31.772 7.6061 4.4112
The interest rate must be between 6 and 7%:
%,15 periods FV annuity factor PV annuity factor FV/PV
6 23.276 9.7122 2.3966
6.1 23.45404 9.6461 2.43145
6.2 23.63369 9.5858 2.46549
6.3 23.81491 9.52467 2.50034
6.31 23.83312 9.51851 2.50387
6.32 23.85135 9.51236 2.5074
6.4 23.99773 9.46337 2.53585
effective interest rate = 6.32% per year
annual payment = $37,804.39 / 23.85135 = $1,585
Which characteristic describes the privatization of Social Security?
A. increases the employer’s contribution to Social Security
B. raises the retirement age to claim full benefits to 70
C. enables Americans to invest their Social Security contributions in the stock market
D. reduces benefits across the board by 13 percent
E. obtains a loan from the Fed
Answer:
the answer is C because it makes sense...
Enables Americans to invest their Social Security contributions in the stock market - describes the privatization of Social Security. Hence option C is correct.
What are the characteristic of the privatization of Social Security?Privatization of Social Security refers to a proposal where individuals are allowed to invest their Social Security contributions into individual retirement accounts (IRAs) or other investments instead of the government-managed Social Security Trust Fund.
Under this system, individuals would have control over their retirement funds and would be able to invest in the stock market, bonds, and other financial instruments. This would also mean that individuals would be responsible for managing their own retirement funds and bearing the associated risks.
Options A and B do not describe privatization but rather refer to potential changes in the current Social Security system. A reduction in benefits, which is not necessarily associated with privatization. Option E is not related to the privatization of Social Security at all, but rather refers to obtaining a loan from the Federal Reserve.
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A large software company has developed the most popular word processor
on the market. Almost every consumer and business in the country uses its
product, which has forced most of its competitors out of business. If a new
company tries to promote an innovative word processor of its own, the large
company usually buys that business right away to eliminate the competition.
2
This situation best illustrates which market condition?
This situation best illustrates the market condition of Monopoly.
what are the real means of Monopoly?
A monopoly is a dominant position of an industry or a zone by means of one agency, to the point of excepting all different possible competitors. Monopolies are frequently discouraged in loose-market countries. they're seen as main to price-gouging and deteriorating exceptional due to the dearth of opportunity choices for purchasers.
what's a monopoly instance?Monopoly instance #1 – Railways
The government affords public services just like the railways. for this reason, they are a monopolist due to the fact new partners or privately held companies are not allowed to run railways. however, the charge for the tickets is affordable so that the general public can use public shipping.
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Answer:
monopoly
Explanation:
Problem 18-1 Using Exchange Rates [LO 1] Use the information below to answer the following questions. U.S. $ EQUIVALENTCURRENCY PER U.S. $ Polish Zloty.2992 3.3426 Euro1.2425 .8048 Mexican Peso.0752 13.2996 Swiss Franc1.0331 .9680 Chilean Peso.002071 482.80 New Zealand Dollar.8082 1.2374 Singapore Dollar.8005 1.2492 a.If you have $200, how many Polish zloty can you get
Answer: $668.52 Polish Zloty
Explanation:
From the table it is shown that US$1 is equivalent to 3.3426 Polish Zloty so if you have $200, the amount of Polish Zloty you can get is;
= 200 * 3.3426
= $668.52 Polish Zloty
(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will be unaffected. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected. unanswered
Answer:
Customer and Product Margin under Activity-based Costing and Traditional Costing
True Statements:
1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.
2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.
Explanation:
Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.
Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.
Answer:
Customer and Product Margin under Activity-based Costing and Traditional Costing
Explanation:gey
supposes there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen?
Answer:Suppose there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen? ... Garbage bag supply will decrease. Garbage bag prices will increase.
Explanation:workers at this wage; therefore it would simply create unemployment. b. To help ... There needs to be differences in opportunity costs of producing goods across countries for there ... Suppose we have the following market supply and demand schedules ... Economic profits are zero and firms neither enter nor exit the industry.
6. Blackberry announces that they are going bankrupt within the next 6 months. What happens to the demand for Blackberry
phones?
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, compounded monthly for the first six months, increasing thereafter to 17.5 percent compounded monthly. Assume you transfer the $6,500 balance from your existing credit card and make no subsequent payments. How much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Total interest paid = $606.63
Explanation:
First calculate the monthly payment for first six months
Monthly interest for first 6 months =.006/12=.0005
= 6500*(1.0005)^6
=6519.52
Interest rate for next six months
=17.37%/12=1.45%
(1.0145)^6=1.090054
=6519.52*(1+.0145)^6
=7106.63
Total interest paid = 7106.63-6500
Total interest paid = 606.63
Here are data on two stocks, both of which have discount rates of 18%: Stock A Stock B Return on equity 18 % 15 % Earnings per share $ 4.60 $ 2.90 Dividends per share $ 2.30 $ 2.30 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) b. What are the expected dividend growth rates for each stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer:
a. What are the dividend payout ratios for each firm?
payout ratio stock A = $2.30 / $4.60 = 0.5 = 50%payout ratio stock B = $2.30 / $2.90 = 0.7931 = 79.31%b. What are the expected dividend growth rates for each stock?
growth rate stock A = 0.18 x (1 - 50%) = 0.09 = 9%growth rate stock B = 0.15 x (1 - 79.31%) = 0.031035 = 3.10%c. What is the proper stock price for each firm?
stock A's proper price = $2.507 / (0.18 - 0.09) = $27.86stock B's proper price = $2.3713 / (0.18 - 0.031) = $15.91Explanation:
dividend payout ratio = dividend / EPS
growth rate = ROE x (1 - dividend payout ratio)
P₀ = Div₁ / (Re - g)
Joey realizes that he has charged too much on his credit card and has racked up $5,200 in debt. If he can pay $175 each month and the card charges 15 percent APR (compounded monthly), how long will it take him to pay off the debt
Answer:
it will take approximately 37.38 months to pay off the debt.
Explanation:
This can be calculated using the formula for calculating the present value (PV) of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value of the debt = $5,200
P = monthly repayment = $175
r = monthly APR = 15% / 12 = 0.15 / 12 = 0.0125
n = number of months required to pay off the debt = ?
Substitute the values into equation (1) and solve for n, we have:
$5,200 = $175 * ((1 - (1 / (1 + 0.0125))^n) / 0.0125)
$5,200 / $175 = (1 - (1 / 1.0125)^n) / 0.0125
29.7142857142857 = (1 - 0.987654320987654^n) / 0.0125
29.7142857142857 * 0.0125 = 1 - 0.987654320987654^n
0.371428571428571 = 1 - 0.987654320987654^n
0.987654320987654^n = 1 - 0.371428571428571
0.987654320987654^n = 0.628571428571429
Loglinearlizing both sides and solving for n, we have:
n log(0.987654320987654) = log(0.628571428571429)
n = log(0.628571428571429) / log(0.987654320987654)
n = -0.201645363528069 / -0.00539503188670629
n = 37.38
Therefore, it will take approximately 37.38 months to pay off the debt.
what do you think are the adverse effects when sustainable economic development practices in country are not implemented?
Answer:
Ignoring the issues of sustainable development has many possible consequences, such as rising sea levels, extreme droughts, erosion and loss of forests, increases in slum populations, species extinctions and collapsing fisheries.
The correct statement is that when the sustainable economic developments in the country are not met, a direct impact is seen in its growth and financial position of the country is weakened.
When there is no sustainable development the people of the country would ultimately suffer due to the bad policies being implemented regarding the allocation of funds.
A country should look after the developments of a country by allocation of required funds in the right fields and achieve such financial goals. Citizens must disclose their earnings and pay taxes on the true and fair amounts of such incomes. This will help in collection of taxes making the country less deficit in funds.A direct effect will be seen in country's GDP whenever there is no development. As a result of this there will be inflation in the country which will reduce the consumer's purchasing power.Hence, a country's GDP is affected when there is no proper sustainable economic development practice and also leads to inflation situations.
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Linden, Inc. uses a 6,900 square foot factory space that it rents for $3,500 a month for all its manufacturing activities. Linden has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 3,100 square feet of the factory are used for machining, while 1,400 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 1,000 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool
Answer: $710.14
Explanation:
Out of the total space of 6,900 square foot, Preparation and Setup uses 1,400 out of this.
Rent is $3,500
The total rent to be apportioned to it will therefore be;
= 1,400/6,900 * 3,500
= $710.14
Use the following data to compute total manufacturing costs for the month:
Sales commissions $ 11,800
Direct labor 40,600
Indirect materials 16,200
Factory manager salaries 8,200
Factory supplies 10,000
Indirect labor 7,300
Depreciation—office equipment 6,000
Direct materials 41,500
Corporate office salaries 43,500
Depreciation—factory equipment 8,500
a) $150,100.
b) $132,300.
c) $50,200.
d) $90,800.
e) $61,300.
Answer:
$132,300
Explanation:
The total manufacturing costs for the month can be calculated as follows
Direct labor + indirect materials + factory manager salary + indirect labour + direct materials + depreciation on factory equipment
= 40,600 + 16,200 + 8,200 + 10,000 + 7,300 + 41,500 + 8,500
= $132,300
Hence the total manufacturing costs if $132,300
Assume that MTA Sandwiches sells sandwiches for $7.20 each. The cost of each sandwich follows. Materials $ 2.70 Labor 0.90 Variable overhead 0.45 Fixed overhead ($10,800 per month, 6,000 units per month) 1.80 Total costs per sandwich $ 5.85 One of MTA’s regular customers asked the company to fill a special order of sandwiches at a selling price of $5.40 each for a fund-raising event sponsored by a social club at the local college. MTA has capacity to fill it without affecting total fixed costs for the month. MTA’s general manager was concerned about selling the sandwiches below the cost of $5.85 and has asked for your advice. Required: a. Prepare a schedule to show the impact on MTA’s profits of providing 400 sandwiches in addition to the regular production and sales of 6,000 sandwiches per month. b. Based solely on the data given, what is the lowest price per sandwich at which the special order can be filled without reducing MTA’s profits?
Answer:
MTA Sandwiches
a. A Schedule:
Special Order Regular Production Total
Total contribution $540 $18,900 $19,440
Fixed overhead 0 10,800 10,800
Profit $540 $8,100 $8,640
Profits increased by $540 with the special order.
b. The lowest price per sandwich at which this special order of 400 sandwiches can be filled without reducing MTA's profits is $4.05. This is equal to the unit variable cost. At this price, neither profit will be generated nor loss incurred from the special order.
Explanation:
a) Data and Calculations:
Cost of each sandwich:
Materials $ 2.70
Labor 0.90
Variable overhead 0.45
Fixed overhead
($10,800 per month,
6,000 units per month) 1.80
Total costs per sandwich $ 5.85
b) Computation of total profit for special order and regular production:
Special Order Regular Production Total
Selling price = $5.40 7.20
Variable (Relevant) cost:
Materials $ 2.70
Labor 0.90
Variable overhead 0.45 $4.05 $4.05
Contribution per unit $1.35 $3.15
Total contribution ($1.35*400) $540 $18,900 ($3.15*6,000) $19,440
Fixed overhead 10,800
Profit $8,640
Why should investors know the difference between nominal and real interest rates?
O to know what they are likely to lose
O to understand changes in monetary policy
to guarantee an investment's profitability
O to recognize the effects of inflation
Answer:
to recognize the effects of inflation
Explanation:
The nominal rate of interest is the interest earned before adjusting for inflation. The nominal interest rate is simple to recognize and calculate. It is the rate quoted on loans, deposits, bonds, and mutual funds. The nominal rate communicates to the investor the percentage of returns to expect from their investment. The higher the percentage, the better the returns. However, nominal interest does not take account of inflation.
Inflation erode the purchasing power of money. A high inflation rate will mean that any investment gains may not benefit the investor as the currency will have weakened. The real interest rate considers inflation rates. It tells the investor the actual gain from an investment after adjusting for inflation.
Answer:
To recognize the effects inflation.
Explanation: This is the correct answer on edg 2020 (just took the quiz) ^-^
When Padgett Properties LLC was formed, Nova contributed land (value of $358,500 and basis of $89,625) and $179,250 cash, and Oscar contributed cash of $537,750. Both partners received a 50% interest in partnership profits and capital. a. How is the land recorded for § 704(b) book capital account purposes? For § 704(b) book capital account purposes, Padgett records the land at $ 358,500 . b. What is Padgett's tax basis in the land? $ 89,625 c. If Padgett sells the land several years later for $537,750, how much tax gain will Nova and Oscar report? Nova reports a $ gain and Oscar's gain is $ 89,625 .
Answer:Amount of Nova and Oscar's gain=$492,937.50
Explanation:
a)According to Land recorded for § 704(b) book capital account purposes, Land is recorded at fair market value. With this, the Padgett properties should record the land at $358,500
b)From the question, it is given that the basis of land is $89,625. Therefore, the Padgett Properties LLC's tax basis in the land is $89,625.
c)Amount of Nova and Oscar's gain.
Fair market value of Land $358,500
Basis of land $89,625
total $ 448,125
but Gain = Selling price of land - Fair value of Land x interest in partnership profits and capital
= $537,750 - ($358,500+$89,625 )
=($537,750 - $448,125 ) x 50% =$44,812.50
Total gain $448,125 + $44,812.50 =$492,937.50
A manufacturing company produces products 1, 2, and 3. The three products have the following resource requirements and produce the following profit:
Profit Labor (hr/unit) Material (lb/unit) Profit ($/unit)
1 5 4 $3
2 2 6 5
3 4 3 2
At present, the firm has a daily labor capacity of 240 available hours and a daily supply of 400 pounds of material. Management has developed the following set of goals, arranged in order of their importance to the firm:
1. Because of recent labor relations difficulties, management wants to avoid underutilization of normal production capacity.
2. Management has established a satisfactory profit level of exist500 per day.
3. Overtime is to be minimized as much as possible.
4. Management wants to minimize the purchase of additional materials to avoid handling and storage problems.
Required:
Formulate a goal programming model (multi-criteria model) to determine the number of each product to produce to best satisfy the goals.
di+, di- are the deviation variables for i-th objectives.
Product_1, product_2, product_3 are respectively the products 1,2 and 3 to be produced in a day. Those are the Standard variables
goal: (1/400)*d4+ (2/240)*d3+ (3/500)*d2-+ Min (4/240)*d1-
variables are equal or bigger than zero
400 = 5*product_1 + 6*product_2 + 3*product_3 - d4- + d4+
240 = 5*product_1 + 2*product_2 + 4*product_3 - d3- + d3+
240 = 5*product_1 + 2*product_2 + 4*product_3 + d1- - d1+
500 = 3*product_1 + 5*product_2 + 2*product_3 + d2- - d2+
7. Which of the following is not a way to accumulate wealth?
A Getting a mortgage and making monthly payments on your home
B Being sure to save money each month
C Only saving money when you have a chance
D Using a compound interest account for your savings
being sure to save money each month
