Answer:
the formulation of the given linear program is,
Minimize
z = 400S1 + 600S2 + 150 ( LT1 + LT2 + LC1 + LC2)
Subject to the constraints
T1 + C1 ≤ I000
T2 + C2 ≤ 1000
2T1 + C1 = S1
2T2 + C2 = S2
100 + T1 = 400 + LT1
LT1 + LT2 = 300 + LT2
200 + C1 = 800 + LC1
LC1 + C2 = 300 + LC2
S1,S2 ≤ 1 500
4C1 - 6T1 ≥ 0
4C2 - 6T2 ≥ 0
All variables ≥ 0
Explanation:
Firstly;
Let T1 be number of trucks to be produced in month 1 and T2 be number of trucks to be produced in month 2.
Let C1 be number of cars to be produced in month 1 and C2 be number of cars to be produced In month 2.
Let S1 be tons of steel used in month 1 and S2 be tons of steel used in month 2.
Let LT1 be number of trucks in inventory at the end of month 1 and LT2 be number of trucks In inventory at the end of month 2.
Let LC1 be number of cars in inventory at the end of month 1 and LC2 be number of cars in inventory at the end of month 2.
Now the objective is to minimize the cost, so
z = [(cost of steel during month 1)(tons of steel used in month 1)] + [(cost of steel during month 2)( tons of steel used in month 2)] + [(holding cost at the end of each month )(trucks and cars in inventory at the end of each month)]
= 400S1 + 600S2 + 150 ( LT1 + LT2 + LC1 + LC2)
Thus, the objective function Is, Minimize
z = 400S1 + 600S2 + 150 ( LT1 + LT2 + LC1 + LC2)
Constraint1 Each month, the production capacity of the vehicle is 1000 vehicles.
Number of trucks produced in month 1 + number of cant produced in month 1 ≤ 1000
T1 + C1 ≤ 1000
Number of trucks produced in month 2 + number of cars produced in month 2 ≤ 1000
T2 + C2 ≤ 1000
Constraint2 Each month. each truck uses 2 tons of steel and each car uses 1 ton of steel.
[(Tons of steel used to produce truck in month 1) + (tons of steel used to produced cars in month 1)] = S1
2T1 + C1 = S1
[(Tons of steel used to produce truck in month 2) + (tons of steel used to produced cars in month 2)] = S2
2T2 + C2 = S2
Constraint3 At the beginning of month 1, 100 trucks are in inventory.
[100 trucks at the beginning are in inventory +
number of trucks produced in month 1] = [400 trucks are demanded in month 1 + number of trucks in inventory at the end of the month 1]
100 + T1 = 400 + LT1
[trucks at the beginning of month 2 in inventory + number of trucks produced in month 2 ] = [300 trucks are demanded in month 2 + number of trucks in inventory at the end of the month 2]
LT1 + T2 = 300 + LT1
Constraint 4 At the beginning of month 1, 200 cars are in Inventory
[200 cars at the beginning are in inventory + number of cars produced in month 1] = [800 cars are demanded in month 1 + number of cars in inventory at the end of the month 1]
200 + C1 = 800 + LC1
[cars at the beginning of month 2 in inventory + number of cars produced in month 2 ] = [300 cars are demanded in month 2 + number of cars in inventory at the end of the month 2]
LC1 + C2 = 300 + LC2
Constraint 5 At most, 1,500 tons of steel can be purchased each month.
S1 ≤ 1,500
S2 ≤ 1,500
Constraint 6 Each month, vehicle produced by company must average at least 16mpg.
[{{(mpg of trucks)(number of trucks produced in month 1)} + {(mpg of cars)(number of cars produced in month 1)}} / {(number of trucks produced in month 1 ) + ( number of Cars produced in month 1)}] ≥ 16
(10T1 + 20C1 / T1 + C1) ≥ 16
4C1 - 6T1 ≥ 0
[{{(mpg of trucks)(number of trucks produced in month 2)} + {(mpg of cars)(number of cars produced in month 2)}} / {(number of trucks produced in month 2 ) + ( number of Cars produced in month 2)}] ≥ 16
(10T2 + 20C2 / T2 + C2) ≥ 16
4C2 - 6T2 ≥ 0
Therefore, the formulation of the given linear program is,
Minimize
z = 400S1 + 600S2 + 150 ( LT1 + LT2 + LC1 + LC2)
Subject to the constraints
T1 + C1 ≤ I000
T2 + C2 ≤ 1000
2T1 + C1 = S1
2T2 + C2 = S2
100 + T1 = 400 + LT1
LT1 + LT2 = 300 + LT2
200 + C1 = 800 + LC1
LC1 + C2 = 300 + LC2
S1,S2 ≤ 1 500
4C1 - 6T1 ≥ 0
4C2 - 6T2 ≥ 0
All variables ≥ 0
whats your purpose of living?
Answer:
you can you know the purpose of living when you know the meaning of living
The equity is owned by LP investors and MP in a ratio of 5 to 1. The total invested equity is $120. The outstanding mortgage balance at the end of 2019 is $240. The property sells for $400 net of all expenses at the end of 2019. The rules established for sales proceeds are, first pay the mortgage off, next return capital to equity partners and finally split all remaining proceeds 70 LP/30 MP. How much cash flow will the MP get from the sales transaction (do not put the $ sign in the answer)
Answer:
MP will get a cash flow of:
$128
Explanation:
a) Data and Calculations:
Equity shares
LP = 5
MP = 1
Ratio of equity = 5 : 1
Invested equity = $120
Share of invested equity:
LP = 5/6 * $120 = $100
MP = 1/6 * $120 = $20
Mortgage = $240
Property Sales = $400
Sales Proceeds Rules:
Property Sales = $400
Mortgage 240
Remaining 160
Equity share:
LP (100)
MP (20)
Balance 40
Sharing Ratio:
LP = 70% * $40 = $28
MP = 30% * $40 = $12
MP's cash flow:
Equity = $100
Balance Shared = $28
Total = $128
The Candle Shop experienced the following events during its first year of operations, Year1
1. Acquired cash by issuing common stock
2. Paid a cash dividend to the stockholders.
3. Paid cash for operating expenses.
4. Borrowed cash from a bank.
5. Provided services and collected cash.
6. Purchased land with cash.
7. Determined that the market value of the land is higher than the historical cost.
Required
a. Indicate whether each event is an asset source, use, or exchange transaction. (Select "NA" if there is no effect on the "Activity classification") Event Activity classification 2. 3. 4. 5. 6. 7
b. Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (), decreases (D), or does not affect (NA) each element of the financial statements. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA). The first transaction is shown as an example
THE CANDLE SHOP Horizontal Statements Model for Year 1 Balance Sheet Income Statement Statement of Cash Flows Event O. Assets Liabilities+Stockholders' Equity Effect onType CommonRetained RevenueExpense Net Income Cash LandNotes Cash Activity Earnin +NA Payable +NA = | NA NA - NA -INA FA 2 4 5. 7
Answer:
a) 1. Acquired cash by issuing common stock ⇒ Asset Source
2. Paid a cash dividend to the stockholders ⇒ Asset Use
3. Paid cash for operating expenses ⇒ Asset Use
4. Borrowed cash from a bank ⇒ Asset Source
5. Provided services and collected cash ⇒ Asset Source
6. Purchased land with cash ⇒ Asset Exchange
7. Determined that the market value of the land is higher than the historical cost ⇒ Not applicable
b) I used an excel spreadsheet because there is not enough room here.
Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total Labor-related DLHs $ 326,018 6,600 3,200 9,800 Product testing tests 46,747 500 600 1,100 Order size MHs 472,108 4,200 4,500 8,700 $ 844,873 The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
Answer:
$33.27 per DLH
Explanation:
Calculation for the activity rate for the Labor-Related activity cost pool under activity-based costing
Using this formula
Activity rate = Estimated overhead cost ÷ Total expected activity
Let plug in the formula
Activity rate =$ 326,018 ÷ 9,800 DLHs
Activity rate = $33.27 per DLH
Therefore the activity rate for the Labor-Related activity cost pool under activity-based costing is closest to $33.27 per DLH
In an example, a local church is made up of people who are very different in their lifestyles and their stages of life. Mary is a 23-year-old single parent who earns the minimum wage. Jonathan is 60 years old, extremely wealthy, and works because he enjoys it. Jane is a 45-year-old lawyer who earns well and is well-respected in her profession. She is extremely career-oriented and is proud of her achievements. Which of the following do you think would motivate Jonathan the most?
a. safety
b. physiological
c. self-actualization
d. growth
e. esteem
Answer:
Option C (self-actualization) is the perfect approach.
Explanation:
The desire to achieve one's absolute capability is alluded to by self-actualization. It reflects a need for more improvement that people are continually looking for when they meet their maximum degree requirements. Although self-actualization is frequently depicted as life's result, Maslow proposed that it had been incredibly rare to genuinely reach complete self-actualization.The latter preferences provided are not related to something like the situation described. So, the solution here is just the appropriate one.
Difference between piecemeal and time related salary
15. Your company contracted for a 30-second commercial (an advertisement) that aired during the Super Bowl at a cost of $1.2 million. It is legally obligated to pay for the commercial, but has not yet done so. How is your company's balance sheet affected on the day the commercial aired? It increases both assets and liabilities by $1.2 million. It increases assets and decreases stockholders' equity by $1.2 million each. It does not affect the balance sheet. D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Explanation:
Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.
It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.
Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.
A can of dog food is on sale for 20% off the original price. If the original price is $1.35, what is the discount?
Answer:
this is pretty simple $ 00.27
Which is not a part of the definition of economics?
A consumption
B production
C evaluation
D Distribution
Answer:
a
Explanation:
Garvey's Fine Furnishings manufactures upscale custom furniture. currently uses a plantwide overhead rate based on direct labor hours to allocate its of manufacturing overhead to individual jobs. However, , owner and CEO, is considering refining the company's costing system by using departmental overhead rates. Currently, the Machining Department incurs of manufacturing overhead while the Finishing Department incurs of manufacturing overhead. has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department.
Requirement 1. Compute the plantwide overhead rate assuming that Garvey's expects to incur 30,000 total DL hours during the year First identify the formula, then compute the rate.
Total manufacturing overhead / Cost allocation base = Plantwide overhead
(estimated) rate
$1,290,000 / 30,000 = 43
Requirement 2. Compute departmental overhead rates assuming that Garvey's expects to incur 14,500 MH in the Machining Department and 17,500 DL hours in the Finishing Department during the year. First identify the formula, then compute the rate for each department.
Total department / Cost allocation base = Departmental
overhead (estimated) overhead rate
Machining 870,000 / 14,500 = 60 per mach hour
Finishing 420,000 / 17,500 = 24 per DL hour
Requirement 3. If Garvey's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455? Identify th formula, then calculate the amount of manufacturing overhead that would be allocated to the jobs if the plantwide overhead rate is used.
Actual use of Manufacturing overhead
Plantwide overhead rate x allocation base = allocated
Job 450 43 x 5 = 215
Job 455 43 x 5 = 215
Requirement 4. Based on your answers to Requirements 2 and 3, does the plantwide overhead rate overcost or undercost either job? Explain. If Garvey's sells its furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain.
The single plantwide rate undercosts Job 450 by $1 and undercosts Job 455 by $216.
Answer and Explanation:
1. Plantwide overhead rate =Total manufacturing cost divided cost allocation base= 1290000/30000= $43
2. Departmental overhead rate=
Total department / Cost allocation base =
For Machining
870,000 / 14,500 = 60 per machine hour
For Finishing
420,000 / 17,500 = 24 per DL hour
3.
=Plantwide overhead rate(see above) x allocation base
For Job 450 =
43*5=$215
For Job 455 =
43*5=$215
4. Add up machining and finishing for each job
Job 450= (2*60)+(4*24)=216
Job 455= (7*60)+(3*24)= 492
Total overhead allocation for job 450 = 216
Total overhead allocation for job 455=
492
Job 450 plant wide overhead rate under costs it by 216-215=$1
Job 455 plant wide overhead rate undercosts it by 492-215=$277
5. The price is set at 125% of cost and is therefore based on cost which is affected by the cost allocation system used here. Hence choice of allocation system affects price
Sanchez Corporation Selected Financial Information 12/31/X2 12/31/X1 Cash $ 20,000 $ 25,000 Accounts receivable (net) 100,000 110,000 Inventories 190,000 155,000 Total current assets 310,000 290,000 Long-term assets 230,000 210,000 Current liabilities 200,000 190,000 Long-term liabilities 40,000 50,000 Shareholders' equity 300,000 260,000 Net income $ 40,000 Interest expense 10,000 Income tax expense 20,000 The debt to equity ratio for 20X2 is: Multiple Choice 0.80 0.44 0.67 0.13
Answer:
0.80
Explanation:
The computation of the debt to equity ratio is shown below:-
Total debt = Current Liabilities + Long - term liabilities
= $200,000 + $40,000
= $240,000
Total Equity = Shareholders’ equity = $300,000
Now,
Debt to equity ratio = Total Debt ÷ Total Equity
= $240,000 ÷ $300,000
= 0.80
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 120 units at $39 10 Sale 90 units 15 Purchase 140 units at $40 20 Sale 110 units 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.
Answer:
COGS and inventory balance under LIFO (last in, first out):
November 10 sale
COGS = 90 x $39 = $3,510inventory balance after sale = $1,170November 20 sale
COGS = 110 x $40 = $4,400inventory balance after sale = $2,370November 24 sale
COGS = 30 x $40 = $1,200COGS = 15 x $39 = $585total COGS = $1,785inventory balance after sale = $585When calculating costs under LIFO, we must use the cost of the last units purchased for determining cost of goods sold. This method is generally used when the price of the goods tends to increase during the period.
If Rina's boss is interested in a graphical representation of the relationship between the price and quantity of televisions demanded, you would advise your coworker to construct _________ using the data provided. However, if Rina's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that ________ would be more appropriate.
Answer: a demand curve
Demand schedule
Explanation:
If Rina's boss is interested in a graphical representation of the relationship between the price and quantity of televisions demanded, you would advise your coworker to construct "a demand curve" using the data provided.
It should be noted that a demand curve is simply a graph that helps in showing the relationship that exists between the price of a particular good or service and the quantity that is being demanded for that particular good. In the graph, on the left vertical axis.is where the price will appear, and on the horizontal axis is where the quantity that is demanded will appear.
However, if Rina's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that data schedule would be more appropriate.
A demand schedule is a simply a table which will help in showing how many of a particular good are being demanded at different prices.
CAN SOMEONE HELP ME PLEASE WITH THE PICTURE ABOVE
Answer:
B
Explanation:
It will start expansion
What is an example of brand promotion
A.charging a premium
B.providing a warranty
C.providing after-sales service
D.attending a trade show
Answer:
D
Explanation:
attending a trade show
Use the below information to answer the following question.
Income Statement
For the Year
Net sales $631,000
COGS 442,220
Depreciation 28,100
EBIT $160,700
Interest 14,900
Taxable income $145,800
Taxes 49,600
Net income 96,200
Balance Sheet
Beginning of Year End of Year
Cash $ 38,200 $43,700
Accounts receivable91,400 86,150
Inventory 203,900 214,600
Net fixed assets 516,100 537,950
Total assets 849,600 $882,400
Accounts payable $136,100 104,300
Long-term debt 329,500 298,200
Common stock ($1 par value)75,000 82,000
Retained earnings 309,000 397,900
Total Liab. & Equity $849,600 882,400
What is the quick ratio at the end of the year?
How many days of sales are in receivables at year-end?
What is the price-sales ratio if the market price is $43.20 per share? (Use end-of-year values)?
What is debt-equity ratio at year-end?
What is the return on equity using year-end values?
What is the amount of the dividends paid during the year?
What is the amount of the cash flow from investment activity for the year?
What is the net working capital to total assets ratio at year-end?
How many dollars of sales are being generated from every dollar of net fixed assets? (Use year-end values)?
What is the times interest earned ratio for the year?
What is the net cash flow to stockholders for the year?
Answer:
Follows are the solution to the given point:
Explanation:
The formula for calculating the Quick Ratio:
[tex]\text{Quick Ratio} = \frac{\text{Quick Assets}}{\text{Current Liabilities}}[/tex]
[tex]= \frac{43700+86150}{104300}\\\\=\frac{ 129850}{104300} \\\\= 1.24[/tex]
[tex]\text{Sales days Receivable at end of year} = (\frac{\text{Account receivables at the end}}{\text{Gross sales by loan}} ) \times \text{number of days}[/tex] [tex]= \frac{86150}{631000} \times 365 \\\\ = 49.833 \\\\ = 50\ days[/tex]
[tex]\text{Sales price ratio} = \frac{\text{Sales per share price}}{\text{ Sales Share price}}[/tex]
[tex]=\frac{43.20}{\frac{63100}{82000}}\\\\ = \frac{43.20}{0.769}\\\\ = 5.61[/tex]
[tex]\text{total equity Debt} = \frac{ \text{Complete Liabilities}}{\text{Stockholders}}[/tex]
[tex]= \frac{882400}{(397900+82000)}\\\\ = \frac{882400}{(479,900)}\\\\ = \frac{882400}{(479,900)}\\\\= 1.838[/tex]
[tex]\text{Equity Return} = \frac{\text{Net Sales}}{\text{Equity of Shareholder}} \times 100[/tex]
[tex]= \frac{96200}{(82000+397900)} \times 100 \\\\ = \frac{96200}{(479900)} \times 100 \\\\= 0.2004 \times 100\\\\= 200.4 \ \%[/tex]
Dividends received throughout the year = Restored earnings opening + Net Sales -Closing of restored profits
[tex]= 309000 + 96200 - 397900 \\\\= 7300[/tex]
Which of the following statements are true? Explain.a. A lower allocation to the risky portfolio reduces the Sharpe (reward-to-volatility) ratio.b. The higher the borrowing rate, the lower the Sharpe ratios of levered portfolios.c. With a fixed risk-free rate, doubling the expected return and standard deviation of the risky portfolio will double the Sharpe ratio.d. Holding constant the risk premium of the risky portfolio, a higher risk-free rate will increase the Sharpe ratio of investments with a positive allocation to the risky asset.
Answer: b. The higher the borrowing rate, the lower the Sharpe ratios of levered portfolios
Explanation:
The formula for the Sharpe ratio = [tex]\frac{Required return on portfolio - Risk free return}{Standard deviation for the portfolio's excess return}[/tex]
With a levered portfolio, money has been borrowed.
Assuming the rate of the money borrowed is r then this rate will need to be subtracted from the required return such that the formula becomes;
= [tex]\frac{Required return on portfolio - borrowing rate - Risk free return}{Standard deviation for the portfolio's excess return}[/tex]
Notice now that as the borrowing rate rises, the numerator for the ratio will be smaller which would lead to a lower ratio when divided by the standard deviation.
your able to save $100 from your paycheck . how could you distribute the money between your 3saving goals above ?
How much would a person have to deposit now to be able to withdraw $550 at the end of each year for 20 years from an account that earns 11 percent?
$3.785 95
$4 379 83
54 739 95
$5.076.55
Answer: $4,379.83
Explanation:
Given the following details:
Periodic payment = $550
Interest rate = 11%
Number of periods = 20 years
Present Value (PV) = P[(1 - (1 + r)^-n) / r]
Where
P = periodic payment = $550
r = Interest rate = 11% = 0.11
n = number of periods = 20
PV = 550[(1 - (1 + 0.11)^-20) / 0.11]
PV = 550[(1 - (1.11)^-20) / 0.11]
PV = 550[(1 - 0.1240339) / 0.11]
PV = 550[0.8759660 / 0.11]
PV = 550(7.9633281)
PV = 4379.8304
PV = 4379.83
Which of the following is an example of nonverbal communication?
Answer:
Some examples of Nonverbal: Facial expressions. The human face is extremely expressive, able to convey countless emotions without saying a word, Body movement and posture, Gestures, Eye contact, Touch, Space, Voice, Pay attention to inconsistencies.
Explanation:
Nonverbal communication refers to gestures, facial expressions, tone of voice, eye contact (or lack thereof), body language, posture, and other ways people can communicate without using language.
Answer: INCOMPLETE QUESTION
Which of the following is an example of effective nonverbal communication?
A. Remaining close to the person's face when relaying a message.
B. Using a chart to point to text and images.
C. Avoiding facial expressions like frowning or nodding.
D. Paying attention to what's going on in the room.
The answer is B for A-P-E-X users.
Suppose you are going to receive $13,600 per year for six years. The appropriate interest rate is 8.5 percent. a. What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
a. What is the present value of the payments if they are in the form of an ordinary annuity?
present value = annual payment x annuity factor
annual payment = $13,600PV annuity factor, 8.5%, 6 periods = 4.55359present value = $61,928.82
b. What is the present value if the payments are an annuity due?
present value = annual payment x annuity due factor
annual payment = $13,600PV annuity due factor, 8.5%, 6 periods = 4.94064present value = $67,192.70
c. Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity?
future value = annual payment x annuity factor
annual payment = $13,600FV annuity factor, 8.5%, 6 periods = 7.42903future value = $101,034.81
d. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due?
future value = annual payment x annuity due factor
annual payment = $13,600FV annuity due factor, 8.5%, 6 periods = 8.0605future value = $109,622.80
In 2021, Ryan Management collected rent revenue for 2022 tenant occupancy. For financial reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants occupy rental property. For tax reporting, the rent is taxed when collected in 2021. The deferred portion of the rent collected in 2021 was $50 million. No temporary differences existed at the beginning of the year, and the tax rate is 25%. Suppose the deferred portion of the rent collected was $40 million at the end of 2022. Taxable income is $200 million. Prepare the appropriate journal entry to record income taxes in 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
Answer:
Journal Entries - Ryan Management (In millions)
Date Particulars and Explanation Debit Credit
31-Dec-22 Income tax expense $ 52.5
To Income tax payable $50.0
($200 * 25%)
To Deferred tax asset $2.5
[($50 - $40)*25%]
(To record income tax expense and reversal of DTA)
Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 43,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 146,000. Units completed and transferred out: 189,000. Ending Inventory: 39,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $61,000. Costs in beginning Work in Process - Conversion: $66,850. Costs incurred in February - Direct Materials: $409,400. Costs incurred in February - Conversion: $617,150. Calculate the cost per equivalent unit of materials.
Answer: $2.06
Explanation:
Material Cost in Beginning work in process = $61,000
Material cost incurred in February for materials = $409,400
Total Material cost = 61,000 + 409,400
= $470,400
Units completed and transferred out were 189,000.
Ending inventory is 39,000 and 100% complete in relation to materials so will count towards materials.
Equivalent Material units = 189,000 + 39,000
= 228,000 units
Cost per equivalent unit of materials = Total material cost/ Equivalent Material units
= 470,400/228,000
= $2.06
X reported the following unit costs information associated with one of its products A1: Direct materials $110 Direct manufacturing labor 90 Variable manufacturing overhead 45 Fixed manufacturing overhead 33 Sales commissions (2% of sales) 10 Research & Development 20 After-sales support 5 Administrative salaries 28 Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e.g., 12345 What are the direct variable costs per unit associated with Product A1?
Answer:
$255
Explanation:
Direct variable costs per unit associated with Product A1 can be calculated by adding direct material, direct manufacturing labor, variable manufacturing overhead and sales commission.
Calculation
Direct variable costs per unit associated with Product A1 = Direct materials + Direct manufacturing labor + Variable manufacturing overhead + Sales commissions
Direct variable costs per unit associated with Product A1 = $110 + $90 + $45 + $10
Direct variable costs per unit associated with Product A1 = $255
on
Student loans can!
your options on
what you want to do in your life.
Answer:
try to get a high paying job to get that student loan out
Susan’s high school offers classes in which she can take a test and gain college credit.
ok thank you for you response I will contact the other workers to see what we can do
According to the offer, these classes are part of the advanced placement program. Thus, the correct option is (A).
A college-level course created for high school students is an Advance Placement (AP) course.
The College Board launched Advanced Placement in the United States and Canada. AP provides high school students with undergraduate university-level coursework and tests.
AP allows students to handle college-level work while still in high school, whether they learn online or in the classroom.
Therefore, the correct option is "A".
To know more about the advanced Placement, visit:
https://brainly.com/question/1193163
#SPJ2
This question is incomplete, the complete question is:
Susan’s high school offers classes in which she can take a test and gain college credit. These classes are part of the ____________________ program.
A. Advance Placement.
B. Advance High School.
C. International Baccalaureate Program
Which of the following is the best example of an ethical statement?
Answer:
Ethical dilemmas are situations in which there is a difficult choice to be made between two or more options, neither of which resolves the situation in a manner that is consistent with accepted ethical guidelines. When faced with an ethical dilemma, a person is faced with having to select an option that doesn’t align with an established code of ethics or societal norms, such as codes of law and religious teachings, or with their internal moral perceptions of right and wrong. Explore ethical dilemma examples to see how you might handle these difficult situations.
Explanation:
Ethical Dilemma Situations
Ethical dilemmas occur all too frequently in everyday life. There is rarely a clear answer regarding right and wrong. Instead of being able to rely on external standards, people have to rely on their morals and values to navigate such situations. A storytelling approach, as introduced by Lawrence Kohlberg in the 1930s, is often used to encourage people to think through possible outcomes and consequences of ethical dilemmas.
This is one of the most extreme moral dilemma examples, as well as an ethical dilemma. The choice is between actively causing one person’s death or allowing people (including oneself) to die. Someone following a utilitarian approach to ethics would likely choose to eliminate the person who is stuck, as this philosophy is based on choosing actions that result in the greatest good for the greatest number of people. Someone who focuses primarily on the sanctity of each individual life, however, would not consider harming the person who is stuck to be a viable option.
Following the Rules
One of the most important characteristics of an effective leader is treating people equitably. This involves fairness and consistency, including regards to applying the rules to everyone equally. What should a coach do when a few superstar players get caught breaking rules that should lead to their suspension from the team immediately before a big game that is very important to the team?
If the star players don’t play, there is a good chance the team will lose. If the team has to win this game to advance to the championship game, should that affect the coach’s decision?
If the coach doesn’t apply appropriate consequences to the actions of the players who broke the rules, what lesson are those players learning? Will they continue to break rules?
What about the other players who do follow the rules. Will they learn that the rules are just suggestions and feel like they don’t need to comply in the future?
What if one of the players who broke the rules will miss a chance to be seen by professional scouts if he doesn’t play in the game?
What if the team’s school will earn a large amount of money from television coverage of the big game if the team goes to the championship?
What if the coach is set to earn a big bonus or significant pay increase if the team advances to the championship game?
Coaches are responsible for winning, but they’re also responsible for setting an appropriate example of leadership for players and treating all team members fairly. What may seem to be an obvious choice between right and wrong at first glance is really much more complicated.
A tough decision must be made between two or more solutions in an ethical dilemma when neither of them answers the issue in a way that complies with generally recognized ethical standards.
What is ethical dilemma?In philosophy, ethical dilemmas—also known as ethical paradoxes or moral dilemmas—arise when an agent must choose between two competing moral obligations, none of which takes precedence.
A definition that is similarly comparable describes ethical situations as ones where there is no right decision to be made.
Taking credit for other people's efforts is one example of an ethical conundrum. Giving a customer a subpar product so you can profit. using insider information for personal gain.
A moral (ethical) dilemma is a circumstance in which there is a choice to be made, a decision to be made, an act or action to be taken, a solution to be found, and there may be an unpleasant problem involved.
There are many different kinds of moral quandaries, but the following categories best describe the most prevalent ones:
Epistemic and ontological dilemmas are listed first, followed by self-inflicted and externally imposed dilemmas, obligation dilemmas, prohibition dilemmas, and dilemmas involving a single agent and multiple agents.
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Assume that the following events occurred at a division of Generic Electric for March of the current year:
1. Purchased $100 million in direct materials.
2. Incurred direct labor costs of $46 million.
3. Determined that manufacturing overhead was $76 million.
4. Transferred 90 percent of the materials purchased to work-in-process.
5. Completed work on 75 percent of the work-in-process. Costs are assigned equally across all work-in-process.
6. The inventory accounts have no beginning balances. All costs incurred were debited to the appropriate account and credited to Accounts Payable.
Required:
Give the amounts for the following items in the Work-in-process account: (Do not round your intermediate calculations. Enter your final answers in millions rounded to 2 decimal places.)
Transfers-In ____ Million
Transfers-Out ______ Million
Ending Balance _____ Million
Answer:
Transfers-In
= Direct materials + Direct labor costs + Manufacturing overhead
= (90% * 100) + 46 + 76
= $212 million
Transfer-Out
= Cost transferred in * work completed
= 212 * 75%
= $159 million
Ending Balance
= Cost transferred in - Cost transferred out
= 212 - 159
= $53 million
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,450 monthly. The contract currently sells for $114,000. a. What is the monthly return on this investment vehicle? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the APR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the effective annual return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
a. 1.27%
b. 15.24%
c. 16.35%
Explanation:
a. What is the monthly return on this investment vehicle?
The formula for the value of a Perpetuity is;
Value = Payment/ rate
Rate = Payment/ Value
Rate = 1,450/114,000
= 0.0127
= 1.27%
b. What is the APR?
APR is the annual rate. The above figure is the monthly rate.
APR = Monthly rate * 12
= 1.27 * 12
= 15.24%
c. What is the effective annual return?
Effective annual return = [1 + (APR/n)]^n – 1
n is the number of compounding periods which is 12 here for monthly compounding.
= [1 + (15.24%/12)]^12– 1
= 16.35%
The following book and fair values were available for Westmont Company as of March 1.
Book Value Fair Value
Inventory $ 231,000 $191,750
Land 822,000 1,119,750
Buildings 2,130,000 2,447,250
Customer relationships 0 867,750
Accounts payable(104,000) (104,000)
Common stock (2,000,000)
Additional paid-in capital (500,000 )
Retained earnings 1/1 (417,500)
Revenues (464,500)
Expenses 303,000
Note: Parentheses indicate a credit balance.
Arturo Company pays $3,780,000 cash and issues 28,700 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont%u2019s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $32,800 and Arturo pays $47,500 for legal fees to complete the transaction.
Prepare Arturo%u2019s journal entry to record its acquisition of Westmont.
Answer:
1. Debit Inventory for $191,750; Debit Land for $119,750; Debit Buildings for $2,447,250; Debit Customer Relationships for $867,750; and Debit Goodwill for $1,692,500. But Credit Accounts payable for $104,000; Credit Common Stock (28,700 shares * $2) for $57,400; Credit Additional Paid-In Capital [28,700 shares * ($50-$2)] for $1,377,600; and Credit Cash for 3,780,000.
2. Debit Professional Services Expense for $47,500; and Credit Cash for $47,500.
3. Debi Additional Paid-In Capital for $32,800; and Credit Cash for 32,800.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. Please, see the attached pdf file for the represented question with the sorted data.
Also note: See the attached excel file to see how the prepared Arturo’s journal entry look like.
Note that the Goodwill is calculated as follows:
Goodwill = Inventory + Land + Buildings + Customer Relationships - Accounts payable - Common Stock (28,700 shares * $2) - Additional Paid-In Capital [28,700 shares * ($50-$2)] - Cash = $191,750 + $119,750 + $2,447,250 + $867,750 - $104,000 - $57,400 - $1,377,600 - $3,780,000 = $1,692,500
