Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
To calculate the break-even point in units using the mathematical equation, we need to use the following formula:
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
Now, under the unit contribution margin method:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
Suppose you bought two pieces of land for $100,000 each, the first piece has permanently appreciated in value and is now worth $120,000, while the second piece has permanently reduced in value to $75,000. Applying conservatism and the historical cost principles, how would you account for the change in value of the two pieces of land?
a. I would leave both pieces of land at $100,000 each on the books.
b. I would leave the first piece of land at $100,000 and write the second down to $75,000.
c. I would write up the first piece of land to $120,000 and the second down to $75,000.
d. I would write the first piece of land up to $120,000, and leave the second piece of land at $100,000.
Answer:
Option B
Explanation:
Applying conservatism and the historical cost principles, we would you account for the change in the value of the two pieces of land as leave the first piece of land at $100,000 and write the second down to $75,000 because conservatism and historical cost principles suggest us to anticipate and record the future losses rather than future gains.
It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
The effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Explanation:
This can be determined as follows:
Number of units offer to purchase by a buyer = 2,500
Price offered per unit by the buyer = $21.90
Variable cost per unit = $20.90
Allocated fixed costs per unit = $1.90
Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80
Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90
Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250
Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
Price of the Bond = $935.63
Explanation:
N = 15 x 2 = 30
I/Y = 7.0%/2 = 3.5%
PMT = 6.3% x 1000 / 2 = 31.5
FV = 1000
Using the Ms Excel Function
Price of the Bond = PV(N, I/Y), PMT, FV)
Price of the Bond = PV(30, 3.5%, 31.5, 1000)
Price of the Bond = $935.6278411
Price of the Bond = $935.63
A 3,000 square foot office space is leased for $17.00 per square foot. The space is vacant one month out of the year. Expenses total $22,500 for the year but an expense stop is in place that passes $4,500 of these expenses onto the tenant. What is the landlord's Net Operating Income
Answer: $28,750
Explanation:
Landlord's Operating income = Revenue - Expenses
Revenue
= 3,000 * 17 * 11/12 months
= $46,750
Expenses
Expense stop passes $4,500 to tenant so;
= 22,500 - 4,500
= $18,000
Operating income = 46,750 - 18,000
= $28,750
Cerezo Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:
Activity Cost Pools Activity Rate
Assembling products $2.86 per assembly hour
Processing customer orders $48 .23 per customer order
Setting up batches $76.23 per batch
Data for one of the company's products follow:
Product Q79P
Number of assembly hours 252
Number Of customer orders 42
Number OE batches 68
How much overhead cost would be assigned to Product Q79P using the activity-based costing system?
Answer:
the overhead cost assigned is $7,930.02
Explanation:
The computation of the overhead cost assigned to Product Q79P is shown below:
= (Number of assembly hours × Activity rate per assembly hour) + (Number of customer orders × Activity rate per customer order) + (Number of batches × Activity rate per batch)
= (252 × $2.86) + (42 × $48.23) + (68 × $76.23)
= $720.72 + $2,025.66 + $5,183.64
= $7,930.02
hence, the overhead cost assigned is $7,930.02
Investment is an example of which of the following risks?
O Political risk
O Uncontrollable risk
O Pure risk
O Speculative risk
Answer:
Political risk
Explanation:
Investment is an example of Political risk of the following risks?
Answer:speculative risk
Explanation:
correct answer
Dividends are best defined as:
a. cash or stock payments to shareholders.
b. cash or stock payments to either bondholders or shareholders.
c. distributions of stock to current shareholders.
d. cash payments to shareholders.
e. cash payments to either bondholders or shareholders.
Answer: a. cash or stock payments to shareholders
Explanation:
A dividend is a cash or stick payment that is given to the shareholders of a company. This reward given to the shareholders can be in the form of cash or other form.
The dividend given to the shareholders is gotten out of the profit that the company makes.
Therefore, the correct option is A.
From the following list of balances, prepare a Trial Balance : (6)
Particulars
Rs
Capital A/c
200,000
Debtors A/c
30,000
Fixed Assets A/c
192,000
Sales A/c
110,000
Return Outward A/c
1,000
Bills Payable A/c
8,000
Bank Overdraft A/c
11,000
Opening Stock A/c
15,000
Creditors A/c
30,000
Purchases A/c
70,000
Return Inwards A/c
2,000
Wages and Salaries A/c
30,000
Bills Receivable A/c
15,000
Rent A/c
90Explanation:90
xzvxxcb cx
There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:
A. 3.
B. 5.
C. 9.
D. 16.
E. 25.
Answer:
There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:
C. 9.
Explanation:
The implication is that the standard deviation of the critical path is the sum of the standard deviations of the four activities on the critical path. This sums to 9 days (1 + 2 + 4 + 2), implying that the critical path varies from the mean days of critical path activities by 9 days plus or minus.
A corporate bond has an annual coupon rate of 7.5% and pays interest annually. The face value is $1,000 and the current market price is $1,108.15. The bond matures in 14 years. What is the yield to maturity?
a. 6.31%
b. 7.82%
c. 8.00%
d. 8.04%
e. 8.12%
Answer:
the correct option is a. 6.31%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Present Value = $1,108.15
NPER = 14
Future Value = $1,000
PMT = $1,000 × 7.5%
Now the formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
= 6.31%
hence, the yield to maturity is 6.31%
Hence, the correct option is a. 6.31%
All other options are wrong
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver them.
A. Rack jobbers
B. Catalog wholesalers
C. Drop-shippers
D. Truck wholesalers
E. Cash-and-carry wholesalers
Answer:
Option C (Drop-shippers) is the correct choice.
Explanation:
Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly. The products are owned by Drop shippers but they have never handled or executed them.Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.
A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units.
Required:
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
Answer:
$375
Explanation:
October 1: 42 units at $13 = $546
October 5: 27 units at $14 = $378
October 12: 37 units at $15 = $555
total = $1,479
October 15: 81 units sold
Cost of goods sold under FIFO:
42 units at $14 = $546
27 units at $14 = $378
12 units at $15 = $180
total = $1,104
inventory on October 15 after sale = $1,479 - $1,104 = $375
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Which of the following does NOT distinguish a blog?
a. Updated frequently Include links, pictures, videos
b. Collection of thoughts on a variety of topics
c. Written in second person
d. Accessible online for free
Answer:
c. Written in second-person
Explanation:
Indeed, although blog contents are available online for free, may include links, pictures, videos, and a variety of thoughts, they are usually not written in second-person writing style.
Remember, the second-person writing style involves writing from another person's viewpoint. However, a blogger often writes from his or her views on a variety of topics which ultimately implies they'll use the first-person writing style. Hence, a blog is not distinguished by been written in the second person.
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 85,800 Depreciation expense 12,500 Gain on sale of land 8,000 Increase in merchandise inventory 2,550 Increase in accounts payable 6,650
Answer:Cash provided bY operating activities = $94,400
Explanation:
Using the indirect method
Net Income $85,800
Add :
Depreciation expense $12,500
Increase in accounts payable $6,650
Deduct :
Gain on sale of land ($8,000)
Increase in inventory ($2,550)
Cash provided bY operating activities $94,400
Answer:
94,400
Explanation:
Cash flow from operating activities using the indirect method is calculated as follows
Statement of Cash Flow
Amount Total
Income 85,800
Gain on sale of Land (8,000)
Depreciation 12,500
Increase in inventory (2,550)
Increase in accounts payable 6,650
Cash flow from operating activities 94,400
compare and contrasts the different measures of economic development
Society refers to a(n):
a. environment that does not mention acceptable standard of good and bad behavior.
b. closed, confined unit in which people have to follow a distinct religion.
c. group of individuals who share similar psychological order and community resources.
d. structured community of people bound together by similar traditions and customs.
Answer:
d. structured community of people bound together by similar traditions and customs.
Explanation:
Remember, the term society often refers to a structured community sharing traditions or customs together not just any group of individuals without cultural connections.
For example, we often hear of Western societies, Asian societies, African societies, etc because they all consist of people young and old who may have different religions but are yet bound together as they have similar traditions and customs, which makes them a Society.
What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $40,000 for the first three years and $25,000 per year for years four and five, and $50,000 per year for years six through eight?
Answer:
It will take 5.2 years to cover the initial investment.
Explanation:
The payback period is the time required to cover the initial investment.
year 1= 40,000 - 180,000= -140,000
Year 2= 40,000 - 140,000= -100,000
Year 3= 40,000 - 100,000= -60,000
Year 4= 25,000 - 60,000= -35,000
Year 5= 25,000 - 35,000= -10,000
Year 6= 50,000 - 10,000= 40,000
To be more accurate:
(10,000/50,000)= 0.2
It will take 5.2 years to cover for the initial investment.
I need help ASAP
The ethical danger of data mining primarily centers around
O A. privacy and security issues
O B. equal access to data
O C. objectivity and fairness
O D. research methods
The ethical danger of data mining primarily centers around privacy and security issues. Thus, option (a) is correct.
What is data?The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.
According to the internet period was the important are the ethical are the around the privacy and the securities are the necessary. The data are the hacking are the danger are the conceptual to the based on the around on the primarily are the privacy and the security was the necessary.
As a result, the ethical danger of data mining primarily centers around privacy and security issues. Therefore, option (a) is correct.
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Frankini has a coffee shop business he opened in the small country of Timpopo. After paying for his business license he opened the shop. Business has be increasing, but he is continually squeezed by corrupt policemen wanting bribes for protection and greedy politicians continually making new rules to extract more money from his business. Frankini’s business environment is not really supportive. What would make business in Timpopo better?
a. More international trade unions.
b. Government programs to assist the poor and needy.
c. A set of effective laws and adequate protection under those laws.
Answer: c. A set of effective laws and adequate protection under those laws.
Explanation:
Out of the options given in the question, the option that'll make business in Timpopo better is a set of effective laws and adequate protection under those laws. The set of effective laws and adequate protection would be vital in order to curb corruption in the country.
When these are out in place, the atrocities commuter by both the policemen and the greedy politicians will be curbed and this will bring about a supportive business environment.
is the creation of real or perceived differences in goods or services.
Answer:product differentiation
Explanation:
QUESTION 4 of 10: Your union goes on strike. You lose $15,000 in wages from a $65,000 per year job as a result of not working during the strike. The strike concluded with a new contract providing a 5% wage increase for the next five years. This resulted in $18,000 in additional Income over five years. What was the net gain or loss for the employee?
Answer: increase by 3000 dollars
Explanation:
18000-15000= 3000 gained
The net gain for the employee is $3,000 gain
Using this formula
Net gain or loss =(Loses in wages)+Additional Income
Where:
Loses in wages=-$15,000
Additional Income=$18,000
Let plug in the formula
Net gain or loss=-$15,000 +$18,000
Net gain or loss=$3,000 gain
Inconclusion The net gain for the employee is $3,000 gain.
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What is the maximum that should be invested in a project at time zero if the inflows are estimated at $50,000 annually for 3 years, and the cost of capital is 9%?
Answer:
the maximum amount is $126,564.73
Explanation:
The computation of the maximum amount that should be invested at time zero is shown below:
The Present value of the annuity is
= Annuity × [1 - (1 + interest rate)^-time period] ÷ rate
= $50,000 × [1 - (1.09)^-3] ÷ 0.09
= $50,000 × 2.531294666
= $126,564.73
hence, the maximum amount is $126,564.73
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Globalization forces small businesses to compete worldwide. The result of globalization is that operation manager (OM) or owner must do which of the following to stay competitive:
Answer:
- Making sure the cost of their asset management is as low as possible
- Maximize their product delivery
- Making sure that their price of operation is efficient
- making sure price of their product is competitive
Explanation:
Due to globalization, businesses are forced to compete on foreign markets that they might not be familiar with. In such situations, lowering cost of production while maintaining the quality of their products is the best thing that they can do to maintain a healthy profit margin. This can be done by lowering the cost that they need to make maintenance of their assets and minimizing the cost they need to acquire materials.
On top of lowering cost of production, they also need to provide better services and reasonable price range for the costumers. They need to put a good customer service call along with on time delivery to keep customers happy.
When each additional worker hired contributes less than the previous worker hired to total output, we can say there are (is):_______
a. falling average productivity
b. diminishing marginal utility
c. diminishing average returns
d. diminishing marginal returns
Answer:
d. diminishing marginal returns
Explanation:
The diminishing marginal returns refer to a reduction in the marginal output where the value of the single factor would be rises keeping all other production factors the same or constant
Since in the question it is mentioned that for each extra worker hired that contributes would be lesser than the earlier worker hired
So this represents the diminishing marginal returns
hence, the option d is correct
The manufacturing process used to make a wide variety of highly customized products typically in small quantities as small as one is a:_____
Answer:
"Job Shop" would be the appropriate solution.
Explanation:
A workshop seems to be a small enterprise or organization that makes unique items within one person at the same time. It is a production unit that deals in tailor-made including custom-built components in limited amounts. Under that same production or manufacturing economy, a large number of products are manufactured with smaller quantities requiring a remarkable setup as well as production measures.Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:
Product Cost Sales Price
A $40 $60
B 80 100
C 40 80
D 100 130
E 20 30
A) Selling costs include a sales commission equal to 20% of selling price and shipping costs equal 10% of cost. What per unit value should Royal Decking use for each of its products when applying LCNRV?
B) If Royal has 1,000 units of each product, what should total inventory be on the balance sheet if the company applies LCNRV at the product level?
Answer:
Royal Decking
A) Per unit value for each of Royal Decking's products, applying LCNRV:
Product Cost Sales Price NRV LCNRV
A $40 $60 $44 ($60 - 12 - 4) $40
B 80 100 $72 ($100 - 20 - 8) $72
C 40 80 $60 ($80 - 16 - 4) $40
D 100 130 $84 ($130 - 26 - 10) $84
E 20 30 $22 ($30 - 6 - 2) $20
B. Total Inventory on the balance sheet is:
$256,000
Explanation:
a) Data and Calculations:
Ending Inventory at December 31, 2021:
Product Cost Sales Price NRV LCNRV Inventory value
A $40 $60 $44 ($60 - 12 - 4) $40 $40,000
B 80 100 $72 ($100 - 20 - 8) $72 $72,000
C 40 80 $60 ($80 - 16 - 4) $40 $40,000
D 100 130 $84 ($130 - 26 - 10) $84 $84,000
E 20 30 $22 ($30 - 6 - 2) $20 $20,000
Total inventory value $256 $256,000
= ($256 * 1,000)
Selling costs = 20% of selling price
Shipping costs = 10% of cost
Answer:
Explanation:
To get the NRV we should proceed with this formula.
Selling price ($60)x(20%) = 12.
60-12 = 48
Cost ($40)x(10%) = 4.
40-4 = 36
Then we do this.
48 + 36 = 84
Then we subtract this number from the original cost number.
84 - 40 = 44
So the NRV of A is 44.
I am not a professor but this is the way I can teach and using this method I got my question correctly. Do the rest yourself following this example.
Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000.
Required:
a. What is the maximum amount Gene can contribute to an IRA in 2016?
b. What is the maximum amount Beth can contribute to an IRA in 2016?
Answer:
a. $5,500
b. $5,500
Explanation:
During 2016, the maximum contribution per person was $5,500 ($6,500 if older than 50) or 100% of taxable income, whichever is lower. Since both spouses work, they can both contribute to their own IRA accounts. Assuming that they file their taxes jointly, then they can both contribute the maximum amount (it doesn't matter who earns more money) since their combined AGI is higher than $11,000.
All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It is setting limits and restrictions on your money and does not do anything else. C. It helps keep track of your money so you know where it is going. D. It helps you save for both short-term and long-term financial goals.
Answer:
Ithink B
Explanation:
but I'm not sure
Answer:
b
Explanation:
A free enterprise system relies on entrepreneurs to:
A.
decide on fair pricing for consumer goods.
B.
settle disputes between competing businesses.
C.
take risks when starting new businesses.
D.
regulate companies in important industries.
A free enterprise system relies on entrepreneurs to regulate companies in important industries. That is, in a free enterprise system, entrepreneurs have the right to establish private properties with less state control.
Free enterprise encourages economic growth through the possibility of profitability through private property, with companies themselves being responsible for establishing rules and guidelines, following current legislation, but with less intervention.
Business risks are also assumed by entrepreneurs, prices are determined by the law of supply and demand and competition is free.
Therefore, in a free enterprise system, entrepreneurs have the ability to regulate companies in important sectors, contributing to a country's economic growth, investment and industrialization.
The correct answer is letter D.
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Answer:
C. take risks when starting new businesses
Explanation: the other person is wrong
