Answer:
unexpected changes in environmental policies, sourcing/local content requirements, minimum wage law, and restriction on access to local credit facilities.
Explanation:
Risk can be defined as the probability that exposure to a hazard will lead to a negative consequence.
Also, risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits. This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.
An operational risk can be defined as a type of risk an organization or company faces due to internal actions of its employees, systems, procedures, processes, policies, etc.
Examples of operational risk include unexpected changes in environmental policies, sourcing/local content requirements, minimum wage law, and restriction on access to local credit facilities.
On January 1, 2021, Kapoor Co. sold equipment to its subsidiary, Howard Corp., for $125,000. The equipment had cost $150,000, and the balance in accumulated depreciation was $70,000. The equipment had an estimated remaining useful life of eight years and no salvage value. Both companies use straight-line depreciation. On their separate 2021 income statements, Kapoor and Howard reported depreciation expense of $86,000 and $64,000, respectively. The amount of depreciation expense on the consolidated income statement for 2021 would have been:
Answer:
$144,375
Explanation:
Excess depreciation on gain on sale of asset = [($125,000 - ($150,000 - $70,000)] $80,000) / 8
= ($125,000 - $80,000) / 8
= $45,000 / 8
= $5,625
Consolidated depreciation = $86,000 + $64,000 - $5,625
Consolidated depreciation = $144,375
So, the amount of depreciation expense on the consolidated income statement for 2021 would be $144,375
Unfortunately, licensing and franchising are not valuable options for a potential business model. a. True b. False
Answer:
B. False
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In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2 than in year 1, it follows that a. the law of supply does not hold for good X. b. demand for good X could be lower in year 2 than in year 1. c. supply of good X could be less in year 2 than in year 1. d. good X buyers have received an increase in income between year 1 and year 2, and good X is a normal good. e. good X buyers have received a decrease in income between year 1 and year 2, and good X is a normal good.
Answer:
D
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
If good X is a normal good and the consumers income increases, the demand for good X would increase
It would have been that the Law of demand not supply that didn''t hold
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
As part of the initial investment, Jackson contributes accounts receivable that had a balance of $25,581 in the accounts of a sole proprietorship. Of this amount, $1,347 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $807. The amount debited to Accounts Receivable for the new partnership is a.$25,581
Answer:
The amount debited to the Accounts Receivable for the new partnership is:
= $2,434.
Explanation:
a) Data and Calculations:
Accounts receivable balance = $25,581
less amount deemed completely worthless = $1,347
Balance after deduction = $2,434.
Provision for possible future uncollectible accounts = $807
b) The Accounts Receivable balance will not exclude the $807 provision for possible future uncollectible accounts. The probability of not collecting the accounts is not established.
What is exporting?
..........
Answer:
business owners or even countries who sell thier goods to others
Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. Importing is the flipside of exporting. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.
What is an example of exporting?Export is defined as moving products to another country for the purpose of trade or sale. An example of export is Ecuador shipping bananas to other countries for sale.
Type of exportDirect Export.Indirect Export.Merchant Export.Deemed Export.Penultimate sale.Learn more about exporting here https://brainly.com/question/24473707
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Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $3,500 under each of the following situations:
a. The first payment is received at the end of the first year, and interest is compounded annually.
b. The first payment is received at the beginning of the first year, and interest is compounded annually.
c. The first payment is received at the end of the first year, and interest is compounded quarterly.
Answer:
a. The first payment is received at the end of the first year, and interest is compounded annually.
present value = annual payment x PVIFA
annual payment = $3,500
PVIFA, 12%, 5 periods = 3.6048
present value = $12,616.80
b. The first payment is received at the beginning of the first year, and interest is compounded annually.
annual payment = $3,500
PVIF annuity due, 12%, 5 periods = 4.0373
present value = $14,130.55
c. The first payment is received at the end of the first year, and interest is compounded quarterly.
present value = annual payment x PVIFA
annual payment = $3,500
effective interest rate = 1.03⁴ - 1 = 12.55%
PVIFA, 12.55%, 5 periods = 3.5562
present value = $12,446.70
Suppose that your marginal federal income tax rate is 40%, and the yield on thirty-year U.S. Treasury bonds is 4.5%. You would be indifferent between buying a thirty-year Treasury bond and buying a thirty-year municipal bond issued within your state (ignoring differences in liquidity, risk, and costs of information) if the municipal bond has a yield of Group of answer choices 10.0%. 2.8%. 1.8%. 2.7%.
Answer:
2.7%
Explanation:
Calculation for the municipal bond yield
Municipal bond yield=(1-.4)*0.045
Municipal bond yield=.6*.045
Municipal bond yield=0.027*100
Municipal bond yield=2.7%
Therefore based on the information given You would be indifferent between buying a thirty-year treasury bond and buying a thirty- year municipal bond issued within your state if the municipal bond has a yield of 2.7%
Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the local offices in their home states from Comprehensive Financial Stockbrokers, Inc. Comprehensive is incorporated in Maryland with its principal place of business in Minnesota. Jack and Sandy feel they were a victim of fraud perpetrated by Comprehensive and would like to sue. These two cases deal only with state issues. Discuss the accuracy of the following statements:
a. Thomas is able to sue Comprehensive in a Minnesota state trial court. Please explain.
b. Thomas can sue Comprehensive in a federal district court in Minnesota. Please explain.
c. Silver can sue Comprehensive in an Oklahoma federal district court. Please explain.
Answer:
Follows are the responses to the given points:
Explanation:
In point a:
Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.
In point b:
Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.
In point c:
Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.
1.Production runs can be scheduled in
A. only one shift
B. always two shifts
C. one or two shifts
D. up to three shifts
2.Hiring the Needed Complement will always eliminate
A. Overtime
B. worker layoffs
C. a Second Shift
D. strikes
3.Management should strive to
A. increase Turnover
B. decrease Turnover
4.Increasing Capacity tends to
A. reduce the Needed Complement
B. reduce the number of workers on Second Shift
C. reduce Overtime
5.Increasing Training Hours tends to
A. increase the Needed Complement
B. decrease the Needed Complement
C. neither increase nor decrease the Needed Complement
D. both increase and decrease the Needed Complement
6.Recruiting Costs are incurred when
A. Automation levels increase
B. Production runs increase and teams match hiring to Needed Complement
C. workers are assigned to a Second Shift
7.Assuming the Productivity Index is greater than 100%, adding Overtime will
A. increase the Productivity Index
B. decrease the Productivity Index
8.Worker training is entered by the
A. Hour
B. Dollar
9.Teams can eliminate all Recruiting Costs if they wish
A. True
B. False
10.Generally, Separation Costs will be incurred when
A. Production levels increase
B. Automation Levels increase
C. Production Levels decrease
D. Production levels decrease and / or Automation levels increase
Answer:
Explanation:
10)production levels decrease and/or automation levels increase
For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served.
a. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly increasing its market share.
b. Productive function whereby the government promotes economic stability through fiscal policies.
c. Productive function whereby the government maintains market competition.
d. Productive function whereby the government redistributes income from rich to poor.
e. Protective function whereby the government enforces property rights.
f. Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
g. Maintaining competition
h. Redistributing income
i. Promoting stability
j. Reallocating resources
Answer:
a. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly increasing its market share.
Answer: Main objective of Microsoft is to dominate the market and create a monopoly environment. If it is allowed then people of the economy will suffer. They have to pay for the product at a high monopoly price. Microsoft will gain at the cost of customers. So social welfare will decrease. Thus by this act government has tried to maintain market competition.
b. Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
Answer: Objective is to promote stability in the economy.
The determination of the primary function of government being served in each of the scenarios involving the U.S. government is as follows:
Scenario Primary Function
a. Microsoft, accused of illegal
business practice. g. Maintaining competition
b. Promotion of economic stability
through fiscal policies. i. Promoting stability
c. The government maintains
market competition. g. Maintaining competition
d. The government redistributes income. h. Redistributing income
e. The government enforces property rights. g. Maintaining competition
f. Federal Reserve Bank semi-annual meeting. j. Reallocating resources
What are the primary functions of government?The primary functions of government are:
Providing leadershipMaintaining law and orderProviding public services and amenitiesProvision of national and economic securityProviding enabling environments for enterprises.Thus, the determination of the primary function of government being served in each of the scenarios involving the U.S. government has been indicated.
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The Company is working on a new application for recording internal debts across teams. This program can be used to create groups that show all records of debts between the group members. Given the group debt records observed for this team (including the borrower name, lender name, and debt amount), who in the group has the smallest negative balance
Answer:
Creative crops has the smallest negative balance for debt.
Explanation:
Debt is a cheap source of finance but excess debt increase gearing of a company which creates liquidity crisis for a company. The company has secured debts from various companies and to keep track for repayment of debt company has designed an application which shows the records for all debts. The smallest negative balance for debt is creative crops.
The nature of B2B markets requires ________. Multiple Choice impersonal communication at regular intervals through mediums such as direct mail investment of more resources primarily on service sectors organizations to invest more on consumers than suppliers to maintain their business a more personal relationship between the buyer and seller than in B2C markets companies to focus primarily on selling products that end up as components for finished goods
Answer:
a more personal relationship between the buyer and seller than in B2C markets.
Explanation:
B2B markets stand for business to business markets where products are advertised between businesses.
On the other hand B2C is where businesses advertise to customers.
B2B tends to be more complex because they are higher value transactions involved. Buyers want to be very sure of benefits they can gain before making a purchase.
As such it involves a more personal relationship between the buyer and seller than in B2C markets.
(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can be properly analyzed.
(b) Write down 5 projects you think do not lend themselves to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can not be properly analyzed (e.g. the scope is too broad, information is hard/impossible to obtain, they are technologically infeasible, etc).
(c) Among the projects in part a, choose the one you would be most excited to work on and explain why.
(d) Among the projects in part b, choose the one you would be least excited to work on and explain why.
Answer:
A)
Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams
B)
Investment in stocks, National economic planning , Railway construction , Employee housing, Investment in Insurance
C) The food chain project
D) Investment in stocks
Explanation:
A) 5 projects that will lend themselves well to a cost benefit analysis
Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a period construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long runB) 5 projects that do not lend themselves to cost benefit analysis
Investment in stocks : The cost benefit analysis cannot be properly carried out in this can of project because some uncertainties associated with stocks National economic planning project; Cost benefit analysis can not be properly implemented her because the sole aim of National economic planning is to sustain the economy and some uncertainties can erupt which was not included in the economic planRailway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life bringsC) In part A The best project for me is
The food chain project and this is due to is simplicity in analysis via the cost benefit analysis
D) In part B the Least project for me is
Investment in stocks and this is due to the Volatility and uncertainty surrounding stock investment and trading
An argument that opposes the idea of high executive pay is: ___________
a. High salaries provide an incentive for innovation and risk-taking.
b. Not many individuals are capable of running today's large, complex organizations.
c. Top athletes and entertainers make a lot of money, so top executives should, too.
d. High salaries divert resources that could be used to invest in the business.
Answer:
D
Explanation:
when pay becomes high with respect to several executives or just one, the resources and expense needed to keep the business growing....will be shortened
16) When Amazon acquired Whole Foods, the brick-and-mortar supermarket, the company was pursuing a ________ strategy.
A) market development
B) product penetration
C) market penetration
D) diversification
Answer:
D
Explanation:
The acquisition of Whole Foods supermarket by Amazon Company is describing the company's diversification strategy.
Option D is the correct answer.
What is marketing?Marketing is the process of making the promotion of goods or services made by a company. it can be an online promotion or offline promotion.
Diversification is a marketing strategy where a company wants to expand its operations or launch a new product line. The main focus is to enhance and expand its business so that it can increase its business growth.
Therefore, Amazon uses a diversification strategy by acquiring the Wholefoods.
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Let's say that a country produces only 2 final products during a certain period of time: hats and hairdryers. The quantities are 24 hats and 10 hairdryers at a per unit price of $5, and $15 respectively. The country also produces 2 intermediate products (cotton and metals) to help produce the hats and hairdryers; the total value of the intermediate goods is $50. The country's depreciation is $20. What is this country's NDP (Net Domestic Product) during this period of time
Answer:
the country ndp i.e. net domestic product is $250
Explanation:
The computation of the NDP is shown below;
= GDP - depreciation
= (24 × $5 + 10 × $15) - $20
= $120 + $150 - $20
= $250
Hence, the country ndp i.e. net domestic product is $250
We ignored the total value of the intermediate goods
Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,200, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $66,720. Shore paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Inventory fill in the blank 002d1202e07bfb8_2 fill in the blank 002d1202e07bfb8_3 Accounts Payable fill in the blank 002d1202e07bfb8_5 fill in the blank 002d1202e07bfb8_6 Accounts Payable fill in the blank 002d1202e07bfb8_8 fill in the blank 002d1202e07bfb8_9 fill in the blank 002d1202e07bfb8_11 fill in the blank 002d1202e07bfb8_12 fill in the blank 002d1202e07bfb8_14 fill in the blank 002d1202e07bfb8_15 fill in the blank 002d1202e07bfb8_17 fill in the blank 002d1202e07bfb8_18 fill in the blank 002d1202e07bfb8_20 fill in the blank 002d1202e07bfb8_21 fill in the blank 002d1202e07bfb8_23 fill in the blank 002d1202e07bfb8_24 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. fill in the blank 2aa3cd04cfa0046_2 fill in the blank 2aa3cd04cfa0046_3 fill in the blank 2aa3cd04cfa0046_5 fill in the blank 2aa3cd04cfa0046_6 fill in the blank 2aa3cd04cfa0046_8 fill in the blank 2aa3cd04cfa0046_9 fill in the blank 2aa3cd04cfa0046_11 fill in the blank 2aa3cd04cfa0046_12
Answer:
SHORE CO BOOKS:
Dec 31
Dr Accounts receivables Blue star Co. $109,760
Cr Sales $109,760
Dec 31
Dr Cost of goods sold $66,720
Cr Inventory $66,720
Dec 31
Dr Cash $111,560
Cr Account receivable Blue star Co. $111,560
Dec 31
Dr Account receivable Blue star Co $1,800
Cr Cash $1,800
BLUE STAR CO BOOKS
Dr Inventory $111,560
Cr Accounts Payable $111,560
Dr Accounts Payable $111,560
Cr Cash $111,560
Explanation:
Preparation of the journal entries for Shore Co.'s entry for the sale, purchase, and payment of amount due
SHORE CO BOOKS:
Dec 31
Dr Accounts receivables Blue star Co. $109,760
Cr Sales $109,760
[$112,000*(100%-2%)]
Dec 31
Dr Cost of goods sold $66,720
Cr Inventory $66,720
Dec 31
Dr Cash $111,560
Cr Account receivable Blue star Co. $111,560
($109,760+$1,800)
Dec 31
Dr Account receivable Blue star Co $1,800
Cr Cash $1,800
BLUE STAR CO BOOKS
Dr Inventory $111,560
Cr Accounts Payable $111,560
($109,760+$1,800)
Dr Accounts Payable $111,560
Cr Cash $111,560
($109,760+$1,800)
Kingston Manufacturing has 29,000 labor hours available for producing X and Y. Consider the following information: Product X Product Y Required labor time per unit (hours) 3 3 Maximum demand (units) 7,000 5,000 Contribution margin per unit $ 5 $ 6 Contribution margin per labor hour $ 4.00 $ 3.50 If Kingston follows proper managerial accounting practices, how many units of Product Y should it produce
Answer:
See below
Explanation:
Contribution margin per labor hour
Contribution margin per labor hour Product X
$4
Product Y
$3.5
Rank
Product X
1
Product Y
3
Optimum mix
Hour
Product X 7,000 × 3 = 21,000 Unit 6,000
Product Y 29,000 - 21,000 = 8,000 Unit 8,000/4 = 2,000
Product Y 6,000 units; 2,000 units
Employers must provide training and evaluation with employees?
Explanation:
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On June 30, 2018, Kimberly Farms purchased custom-made harvesting equipment from a local producer. In payment, Kimberly signed a noninterest-bearing note requiring the payment of $60,000 in two years. The fair value of the equipment is not known, but an 8% interest rate properly reflects the time value of money for this type of loan agreement. At what amount will Kimberly initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31, 2018?
Answer:
$2,058
Explanation:
Present value = Amount * (Present value of $1: n=2, i=8%)
Present value = $60,000 * 0.85734
Present value = $51,440
Interest expenses = Initial value of equipment * Interest rate * Number of years
Interest expenses = $51,440 * 8% * 6/12
Interest expenses = $2,058
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.45 Direct labor $ 3.30 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 16,500 Sales commissions $ 0.45 Variable administrative expense $ 0.50 Fixed selling and administrative expense $ 4,200 If 5,000 units are sold, the total variable cost is closest to:
Answer:
$59,750
Explanation:
Total variable per unit = Direct material pet unit + direct labor per unit + variable manufacturing overhead + sales commission + variable administrative expenses
= $6.45 + $3.3 + $1.25 + $0.45 + $0.5
= $11.45
Total variable cost for 5,000 units
= $11.95 × 5,000
= $59,750
what is the importance of having a good management
Answer:
Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.
Are mixed economies the same?why or why not
Answer:
The economic system is the set of practices and principles that regulate the production, trade, distribution and allocation of resources to production in a society, as well as deciding who will produce. It is not possible to consider economic systems purely from a commercial perspective. On the contrary, the most defining feature of economic systems should be of political and ideological origin. The opposite of this proposition is also true, that is, economics is the main factor shaping political approaches. Politics and economics are intertwined and inseparable. From this point of view, it seems the most appropriate method to classify political structures in the world on the basis of economy. A classification of economic systems that are currently or recently applied or whose effects continue can be made as follows.
Under contract law, a promise not to do something that a person could otherwise do __________. is only deemed legal consideration for a contract if the person giving it is financially harmed is called a forbearance and is an adequate legal value to support the existence of consideration for a contract is called a forbearance, but is not adequate legal consideration for a contract is called promissory estoppel, and qualifies as legal consideration
Answer:
is called a forbearance and is adequate legal consideration for a contract.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.
For example, a creditor who decides to forebear by refusing to collect money from a debtor.
my brothers name is dookie
Answer:
Cool
Explanation:
Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Identify the correct statement(s) based on the transaction. (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.)
The Company's liabilities will increase by $25,000. ?
The Company's liabilities will decrease by $30,000.
2 Foster Inc.'s assets will decrease by a net amount of $30,000. The Company's liabilities will increase by $30,000. ?
Foster Inc.'s assets will increase by a net amount of $30,000. ?
Foster Inc.'s assets will decrease by a net amount of $25,000.
Answer:
Foster Inc.'s assets will decrease by a net amount of $30,000.
The Company's liabilities will increase by $30,000.
Explanation:
The price of the assert is $5,000 + $30,000 = $35,000
this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000
the amount of the loan = $30,000
this means that the company's liabilities will increase by $30,000
You just received $225,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your goal is to retire 25 years from today. How much more will you have in your account on the day you retire if you can earn an average return of 10.5 percent rather than just 8 percent?
Answer:
If the interest rate is 10.5% the value of the investment at the time of retirement will be $1,189,576.02 higher.
Explanation:
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
When i=8%
FV= 225,000*(1.08^25)
FV= $1,540,906.92
When i=10.5%
FV= 225,000*(1.105^25)
FV= $2,730,482.95
Difference= 2,730,482.95 - 1,540,906.92= $1,189,576.02
If the interest rate is 10.5% the value of the investment at the time of retirement will be $1,189,576.02 higher.
You are an accountant working for Hotel Co. Your supervisor has asked you to research what amount of revenue Hotel Co. should recognize for transactions booked by customers on Expedia. Expedia generally collects the full transaction price from the customer, then withholds a small fee (say, $10) from each transaction and remits the balance to Hotel Co. Should Hotel Co. record the gross transaction fee or only the net amount it receives from Expedia
Answer:
Hotel Co. should record the gross transaction fee and not only the net amount it receives from Expedia.
Explanation:
The revenue that Hotel Co. should account for in its books includes the gross transaction fee, while the collection expense that is withheld by Expedia is recorded as an expense or cost. This method ensures that the revenue due to the Hotel Co. is actually accounted for while the collection expense by Expedia is also separately accounted for. This will enable comparison with another hotel that does not use Expedia for its collection, for example.
1. There are 20 forging presses in the forge shop of a small company. The shop produces batches of forgings requiring a setup time of 3.0 hours for each production batch/machine. Average standard time for each part in a batch is 45 seconds, and there are 600 parts in a batch/machine. The plant workforce consists of two workers per press, two foreman, plus three clerical support staff. (a) Determine how many forged parts can be produced in 1 month, if there are 8 hours worked per day and average of 21 days per month at one shift per day. (b) What is the labor productivity ratio of the forge shop, expressed as parts per worker-hour
Answer:
The solution according to the given scenario is described below.
Explanation:
The given values are:
No. of foreign presses,
= 20
Required setup time,
= 3 hours
Average standard time,
= 45 seconds
Average produced batch,
= 600
Now,
(a)
The number of workers will be:
= [tex]20\times 2+2+3[/tex]
= [tex]40+2+3[/tex]
= [tex]45[/tex]
The total time for batch's production will be:
= [tex]3\times 60+(45\times \frac{600}{60} )[/tex]
= [tex]180+45\times 10[/tex]
= [tex]630 \ minutes[/tex]
or
= [tex]10.5 \ hours[/tex]
The total number of hours per month will be:
= [tex]8\times 21[/tex]
= [tex]168 \ hours[/tex]
then,
The total batches per month will be:
= [tex]\frac{168}{10.5}[/tex]
= [tex]16 \ batches \ per \ month[/tex]
Total batches = [tex]20\times 16[/tex]
= [tex]320[/tex]
Now,
The produced pieces will be:
= [tex]320\times 600[/tex]
= [tex]192000 \ pieces/month[/tex]
(b)
[tex]Labour \ productivity= \frac{ Total \ production}{ Labour \ hours }[/tex]
On substituting the given values, we get
[tex]=\frac{192000}{(8\times 21\times 45)}[/tex]
[tex]=25.4 \ per \ worker \ hours[/tex]
The labor productivity ratio is the ratio analytical tool that determines the efficiency of labor to perform their task and provide higher returns and production in the specified time limit. It is determined by taking into consideration the total number of products and the labor hours provided to each labor per day.
a) The number of forged parts that can be produced in 1 month is 192,000 pieces per month.
b) The labor productivity ratio of the forged shop is 25.40 per labor hour.
Computations:
a)
[tex]\begin{aligned}\text{Number of pieces}&=\text{Total Batch}\times\text{Parts in Batch per Machine}\\&=320\;\text{batches}\times600\;\text{parts}\\&=192,000\;\text{pieces per month}\end{aligned}[/tex]
Working Note:
[tex]\begin{aligned}\text{Number of Workers}&=\left(\text{No. of foreign presses}\times\text{Worker per press}\right)\\&+\text{Worker per press}+\text{Setup Time}\\&=\left(20\times2 \right )+2+3\\&=45\;\text{no. of workers} \end{aligned}[/tex]
[tex]\begin{aligned}\text{Time for batch production}&=\text{Setup Time}\times\text{Average produced batch}\\&+\left(\text{No. of workers}\times\frac{\text{Average produced batch}}{\text{Minutes}} \right )\\&=3\times60+\left(45\times\frac{600}{60}\right)\\&=630\;\text{minutes or}\;10.50\;\text{hours}\end{aligned}[/tex]
[tex]\begin{aligned}\text{Total Batches}&=\text{No. of Foreign Presses}\times\text{Total Batches per month}\\&=20\times\left(\frac{\text{hours per day}\times\text{days per month}}{\text{Total time for batch production}} \right )\\&=20\times\left(\frac{8\times21}{10.50} \right )\\&=320\end{aligned}[/tex]
b) The labor productivity is computed as follows:
[tex]\begin{aligned}\text{Labor Productivity}&=\frac{\text{Total Production}}{\text{Labor hours}}\\&=\frac{192,000}{8\times21\times45}\\&=25.4\;\text{per worker hours}\end{aligned}[/tex]
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https://brainly.com/question/16016669
Suppose that you have the option to lease a new car, which you otherwise intend to purchase for $21,000. The lease terms: $3000 down and payments of $298 per month for 48 months, at the beginning of each month. Upon termination, you can purchase the car for an addition payment of $7000 at lease expiration. If your financing rate is 5.4% APR, and you discount the lease-purchase option using that same rate, how much will pay to buy car (in present-value terms) using the lease-purchase option
Answer:
The amount that will be paid to buy the car is $18,539.43.
Explanation:
This can be calculated using the following 3 steps:
Step 1: Calculation of the present of the monthly payment
Since the payments are made at the beginning of each month, this can be calculated using the formula for calculating the present value (PV) of annuity due given as follows:
PVM = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) .................................. (1)
Where;
PVM = Present value monthly payments = ?
P = Monthly withdraw = $298
r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045
n = number of months = 48
Substitute the values into equation (1), we have:
PVM = $298 * ((1 - (1 / (1 + 0.0045))^48) / 0.0045) * (1 + 0.0045) = $12,896.55
Step 2: Calculation of the present of the purchase amount at lease expiration
This can be calculated using the present value formula as follows:
PVP = P / (1 + r)^n .................................. (2)
Where;
PVP = Present value of the purchase amount at lease expiration = ?
P = Purchase amount at lease expiration = $7000
r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045
n = number of months = 48
Substitute the values into equation (2), we have:
PVP = $7000 / (1 + 0.0045)^48 = $5,642.88
Step 3: Calculation of the amount that will be paid to buy the car
This can be calculated as follows:
Amount to pay to buy car = PVM + PVP ............... (3)
Where:
PVM = Present value monthly payments = $12,896.55
PVP = $5,642.88
Substitute the values into equation (3), we have:
Amount to pay to buy car = $12,896.55 + $5,642.88 = $18,539.43
Therefore, the amount that will be paid to buy the car is $18,539.43.
